IMF Loan to Ukraine in SDR, not US Dollars. – B.R. o o o Jim Rickards: Expect A Sudden International Monetary Collapse o o o Items from The Economatrix: Economic Preview: Trade Deficit May Narrow U.S. Economy Gains 288,000 Jobs In April John Embry: Hold onto Gold as ‘Currency Event’ Likely Richard Russell – D**n The U.S. Lies, Untruths & Propagandal
America’s Decadence Signals End of an Empire o o o Winners and Losers in the Inflation-Deflation Tug of War o o o Items from The Economatrix: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000 The Disappearing Labor Force: Over 800K Americans Drop Out Of Labor Force. Since End Of Recession, Those Not In The Labor Force Has Grown From 80 Million To 92 Million. Workers Younger Than 55 Lost Jobs In April. It’s An Illusion: Here Are the REAL Unemployment Numbers
Hugh, I noted the post in Economics and Investing on 30 April. I would like to share my experience with Wells Fargo which occurred about 20 years ago. I went in to the branch to access my safe deposit box. After telling me that I had no box, we sorted out that they had made a mistake about deducting my annual fees and closed my account. The next thing they said was that there was no such box. I convinced them that there was such a box, and we went into the vault and the previous location of my box …
Why You Should See the Next Crash Before it Happens o o o The Future of Money that No One Saw Coming… o o o Items from The Economatrix: Unexpected Rise In Jobless Claims Consumer Spending Stronger Than Forecast Gold Is Likely To Fall Further Before It Rallies
Get Ready for Regulators to Peer Into Your Portfolio . – L.M. o o o The overt and blatant manipulation of the gold and silver markets on the Comex reflects frantic desperation – but why?. – B.R. o o o Items from The Economatrix: US Economy Is A House Of Cards — Paul Craig Roberts:The US Economy Is A House Of Cards. Every Aspect Of It Is Fraudulent, And The Illusion Of Recovery Is Created With Fraudulent Statistics. NY Times: Criminal Charges Are Finally in the Wings for Big Banks The Refi Boom Is Dead; Applications Drop To Lowest Since …
Yellen: How High Is Up? o o o Against the Crowd: Buy Treasurys o o o Items from The Economatrix: Dismal GDP Triggers Double-Dip Recession Fear U.S. Homeownership Rate Lowest Since 1995
U.S. Lost $11.2 Billion in GM Bailout, TARP Report Says – G.G. o o o What the Fed Is Really Doing to Your Money o o o Items from The Economatrix: Too Broke To Leave Home Even At 35 Years Of Age: Over 30 Percent Of Young Adults Under The Age Of 35 Living At Home. Home Ownership Rate Of Young Adults Continues To Plummet. U.S. Economy Slows To Stall-Speed Fed Says Economy Improving A Little
Is The U.S. Dollar Doomed?. – D.B. o o o Why Housing Has Stalled — And Why Everything Else Will Follow. – H.L. o o o Items from The Economatrix: Roubini, Rogoff, Taylor Debate Global Economy At Milken Panel: live blog Spotlight On The Economy: ADP Jobs Report, Fed In Crosshairs First-Quarter GDP Seen weak, But Wall Street May Not Mind Home Prices Cool In February The Low Wage Jobs Explosion
The following stunning graph of the United States national debt (since 1950) reveals not only the surge in debt since Nixon canceled the direct convertibility of the United States dollar to gold in 1971, but it shows in horrifying detail how the situation has proceeded to get much, much worse since the 2008 meltdown, as the nation’s dollar debt soars up the steep incline of what looks like an exponential curve… This United States National Debt Graph Is Surging. – J.W. o o o 17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine. – …
America’s Race to the Bottom o o o From a SurvivalBlog reader: “Watch out for your Wells Fargo clients with safe deposit boxes. Wells Fargo has gone up 50% on their prices for a safe deposit box. Mine was $80 for a year; now it is $120 from bill received today. Those with automatic withdrawal will be surprised too late.” – J.Y. o o o The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times Greater Than German GDP – E.B. o o o Items from The Economatrix: McWages For The McAmerica Job Recovery: The Scorecard …
Nickel Enters Bull Market as Supply Concerns Mount After Crimea – Bloomberg. – JBG o o o Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com. – RBS o o o Items from The Economatrix: Sentiment Highest Since July White House Ramps Up Housing-Reform Push As Legislation Approaches Key Hurdle It All Begins With This: U.S. Middle Class Is No Longer The World’s Richest CEO ‘Post-Weather’ Optimism Collapses To 5-Month Lows Mortgage Companies Face “Tremendously Difficult” Year As Housing Recovery Crumbles
JWR, With hyper inflation about to hit us soon, do you think I would be better off having my dollars changed into Canadian currency or have minted silver dollars? Thank you for all that you do for us. – G.T. JWR Responds: There is nothing magical about Canadian paper (or Tyvek) currency versus U.S. paper currency. Both are inevitably doomed to mass inflation, because neither are both convertible to precious metals on demand. I presently recommend acquiring pre-1965 U.S. silver quarters, rather than U.S. silver dollars. Quarters minted in or before 1964 have 90% silver content, while U.S. silver dollars …
Another one bites the dust – Allendale County Bank fails – G.G. o o o Ration Cards, Block Long Food Lines as Inflation Rate in Venezuela Hits 60% – G.P. o o o Items from The Economatrix: Durable-Goods Orders Climb 2.6% In March Schadenfreude: Economists “Stunned” By Housing Fade Banker Death ‘Epidemic’ Spreads To China 5 Ways Banks May Be Robbing You
Fruit of the Loom to close Jamestown plant, lay off all 600 workers. They are still going to be making t-shirts and underwear. They will just be made in Honduras from now on. – J.W. o o o Why would the world’s largest nation want this “ancient relic”? China Takes Steps To Further Conceal Gold Holdings . – J.W. o o o Items from The Economatrix: The Comprehensive Guide On Why You Will Never Retire Living The Way You Do: Examining The Typical $50,000 Household Budget And Why Most Americans Have Nothing To Very Little Saved For Retirement. Housing Won’t …
Guest Post: Demography + Debt = Doom Items from The Economatrix: Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007 The Middle Class In Canada Is Now Doing Better Than The Middle Class In America Sales Of Existing Homes Slowest Since July 2012 Why Companies Are Wary To Hire Long-Term Unemployed Spotlight On The Economy: Is The Recovery In Business Investment ‘Durable’?