Category: Economics & Investing

Why the biggest US banks are even bigger and riskier than you think. – G.G. o o o U.S. Hyperinflation Warning, Part I o o o Items from The Econocobas: Video: James Rickards ‘Inflation is Coming as it is The Only Way The U.S. Can Pay It’s Debt’ Deflation ‘Greatest Hoax’ as Prices Keep Rising Video: James Rickards ‘Catastrophic Outcomes May Come Faster Than Expected’ U.S. Treasury Bonds – The Belgian Connection Peter Schiff Talks to Ron Paul About The Fed’s “Quid Pro Quo” in Belgium

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we take an in-depth look at the “what” and “why” behind the price movements of gold and silver. Precious Metals Market Drivers in May 2014 After trading in a tight range for more than two months on either side of $1,300 an ounce, gold broke down through key technical levels on the 27th. Reports of a single sale of $450 million in gold pushed prices down $13.00 an ounce through technical support, and triggered sell stops, which …

Nonworking America: Those not in the labor force up by 12,000,000 since recession ended, a growth rate of 15 percent while the overall population is up 4 percent. o o o Three Red Flags in GDP Report. – G.P. o o o Items from The Econocobas: Video: Interview with John Williams of Shadowstats ‘Fed Will Prop Up System Until it Falls Apart’ Boom: Q1 GDP Revised Downward to -1.0% Headlines Contradict the Reality of April Home Sales World Bank Sounds Alarm on Rising Global Food Prices

1 in 6 American Men Between Ages 25-54 Are Not Working. – G.P. o o o Guest Post: U.S. Gasoline Consumption Plummets By Nearly 75% o o o Items from The Economatrix: Current Economic System Is “Pure Fiction” Economists: The U.S. Economy Shrank In Q1, But Better Days Are Just Around The Corner Stocks Could Fall 20% As ‘QE Fluff’ Leaves The Market Gold Hit Again As Headwinds Mount

Dear C.P. This is in response to your query about cashing out your 401K accounts. I am a CPA in California and have been practicing for 20 years. I like your idea of cashing out your retirement accounts to live in a paid-for home. I have two suggestions: If you can, wait until you are 59 1/2 before cashing them out. This avoids the additional 10% federal tax on early withdrawal. There may be other ways to avoid this penalty that are more detailed, so ask a CPA that is familiar with this. Rolling all of the accounts directly into …

They just can’t seem to get it. Progressive aldermen propose $15-an-hour Chicago minimum wage – A.B. o o o FDIC Reveals That Over 400 Banks Remain on the Problem Bank List – G.G. o o o Items from The Economatrix: The Theft Of Your Retirement Accounts Will Accompany The Seizure Of Bank Accounts Bad Trend Breaking: Why Retail Results Are Not Better Than Expected, But Worse Than Ever! U.S. Gold Holdings Close To Zero-Rob Kirby Wall Street Criminals Threaten That Economy Will Blow Up If They’re Prosecuted

U.S. Gold Holdings Close to Zero-Rob Kirby. – G.G. o o o Items from The Economatrix: Richard Russell – This Will Shock The West & World Leaders First Quarter Canadian Maple Leaf Sales Up A Hefty 24% 20 Big Box Retailers Take Major Losses In First Quarter Has The Next Recession Already Begun For America’s Middle Class?

Dear Mr. Latimer, I would value your opinion on the following. I currently have three separate 401k accounts (5K, 40K, and 8K). I have not rolled them into one account because I thought it would be safer to have them spread out. I have this idea that, despite penalties, it would be better to cash them in to apply to my mortgage to pay it down or get a smaller home and have no mortgage by using these funds. My reasoning is that we will have a crash similar to 2008 soon (7 year cycles). I feel that I would …

The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High – H.L. o o o Items from The Economatrix: Here’s The Real Reason Why Gold Is Sliding To A New Low This Gave Durable-Goods Data A Big Boost Top CEOs Get 400% Raises, But For You … 2.9% Gas Prices May Fall Soon Consumer-Confidence Rise Masks Housing Caution

A global crisis of young adult unemployment: 12 countries in Europe have an unemployment rate of 20 percent or higher for adults ages 25 and younger. o o o Items from The Economatrix: Who Gets Your Digital Fortune When You Die? 50 Best Employers For Boomer Workers George Soros Tells America To Take Their Money Out of the Banks Before It Is too Late James Rickards-Financial Collapse And Massive Shortages In Gold Coming

“It’s total moral surrender”: Matt Taibbi unloads on Wall Street, inequality and our broken justice system – RBS o o o Items from The Economatrix: Catastrophic Outcomes May Come Faster Than Expected – James Rickards The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High A Global Crisis Of Young Adult Unemployment: 12 Countries In Europe Have An Unemployment Rate Of 20 Percent Or Higher For Adults Ages 25 And Younger. As Goes Walmart, So Goes America: “Major Holes Are Starting to Form In Its Business”

It never ceases to amaze me the lengths that the psychopathic, controlling oligarchs will go to in order to strengthen their grip on humanity.  Control and power are the weapons of these few.  While weapons, they will also serve as their demise.  You see, we are not boiling frogs, despite all the fluoride and GMOs we are force fed.  We, the rational minded, can see through the scam.  We are waking up and growing tired of being pushed into the corner.  Awareness of the controlling power mechanism is what is driving us for a better tomorrow. When we first wrote …

What does $600,000 buy you in Southern California real estate? A look at Pasadena, Arcadia, and Torrance. Some boomers cashing in their housing lottery ticket. o o o Items from The Economatrix: This Is Why Hewlett Packard Just Announced Another 16,000 Job Cuts Why Are Boomers Cashing Out In Droves? Because “Everyone Understands The Market Went Crazy Last Year” Richard Russell – More U.S. Lies As The Public Is Going Broke Video: Peter Schiff: Brace For Impact!

Another one bites the dust in 2014. US Regulators Close Small Lender in Ohio. G.G. o o o See No Evil. Inflation is everywhere! – B.B. o o o Items from The Economatrix: U.S. Jobless Claims Jump 26,000 To 326,000 Big Investors Are Betting Against Housing Market The Biggest Economic Threat? Big Companies New-Home Sales Likely Rebounded In April, Economists Forecast