One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal – B.B. o o o Steve Forbes: Link dollar to gold or face Great Depression II – G.G. o o o Items from Mr Econocobas: Companies Add Fewer Workers Than Forecast, ADP Data Show Fed’s Fisher Wants October End to QE3; Sees No 2014 Rate Hike Ya Think? “Student-Loan Debt May Hamper Economy, Senate Panel Hears” Half The Country Makes Less Than $27,520 A Year and 15 Other Signs The Middle Class is Dying
The Good And The Not- So-Good News About US Jobs In One Chart. Part of the problem is the skills mis-match. Many good (primarily blue collar) jobs remain unfilled as younger folks do NOT have the skills, nor do they want to learn them! – H.L. o o o The Purchase Of Our Republic. – B.B. o o o Items from Mr Econocobas: Rising Resource Costs Escalate Odds of Global Unrest 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 Seemingly Terrific April Jobs …
Where Is The U.S. Economy Headed? – D.B. o o o 77,000 Foreign Banks to Share Tax Info with IRS – H.L. o o o Items from Mr. Econocobas: US Money Slump Flashes Warnings as Economy Contracts The Velocity Of Money In The U.S. Falls To An All-Time Record Low Ben & Janet’s Swell Housing Recovery: Sales Booming For The 1%; Heading Down For Everyone Else Four More Signs That A Market Top Is Nigh America’s Insatiable Demand For More Expensive Cars, Larger Homes And Bigger Debts
Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor – G.P. o o o ‘Gold Prices Under Fire’ o o o Items from Mr. Econocobas: U.S. Retailers Missed Estimates By Most in 13 Years Bad Trend Breaking: Why Retail Results Are Not Better Than Expected, But Worse Than Ever! Headlines Contradict the Reality of April Home Sales World Bank Sounds Alarm on Rising Global Food Prices
Real Heroes: The “Justes” and the Good o o o Russian Roulette – Derivative Style. – G.C. o o o Items from Mr. Econocobas: Japan Inflation Quickens to Fastest Since 1991 Japan Monkey-Hammered By Abenomics: Goods Inflation Up 5.2%; Vehicle Sales Down 63% Video: Interview with John Williams of Shadowstats ‘Fed Will Prop Up System Until it Falls Apart’ Boom: Q1 GDP Revised Downward to -1.0%
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 …
To the Editor, I am relatively new to your site and now read it daily. It is a valuable site, and I have been passing the word to my friends. Thank you so much for your work in getting the information out there that you provide. My reason for writing is that I am firmly convinced that a SHTF event is coming, and coming soon. A daily reading of the news provides a piece or two at a time to be incorporated into the overall picture. We are witnessing pervasive domestic racial violence that is being largely unreported, our economy …
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