Category: Economics & Investing

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’?

U.S. Exports A Record Amount Of Gold To Hong Kong In January – S.T. o o o This will have an impact on all sovereign debts. A person can read between the lines and see why the U.S. would have an interest in backing Argentina. Argentina Asks Supreme Court to Protect It From ‘Vulture’ Hedge Fund – E.B. o o o Items from The Economatrix: How Washington Spends Your Taxes Number Of Middle Age Californians Living With Their Parents Soars Collapse Of Western Ponzi Scheme To Send Gold Skyrocketing Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Hello Jim and Hugh, I have only just become aware of this awful event that occurred last week. Mike was well known in Peak Oil circles and is likely familiar to many of the readers of Survival Blog. While I certainly don’t agree with the decision he made to take his own life, it was fairly obvious to me that he was deeply troubled by the state of our civilization and the path we seem to be marching towards. I thought the readership may want to be aware of this event, if they weren’t already. I know Jim was on …

The American Middle Class Is No Longer the World’s Richest. – C.S. o o o Items from The Economatrix: Richard Russell – The Dollar Will Crash In A Matter Of Months 18 Stats That Prove That Government Dependence Has Reached Epidemic Levels Beef Prices Hit Record High Deficit Now Expected To Be Even Lower

Rising food prices pinching consumers. – G.G. o o o A Perfect Storm for Higher Beef Prices o o o Items from The Economatrix: The Risks Are Massive: “Will Likely Lead to Famine and Civil Unrest” Is The US Military Preparing For The Collapse Of The Dollar?

Obama Economy: More Middle Aged Americans Moving In With Parents | The Lonely Conservative – B.B. o o o Believe The Hype, Inflation Really Is Coming This Time – D.B. o o o Items from The Economatrix: 18 Stats That Prove That Government Dependence Has Reached Epidemic Levels Gold Market Now Seeing Deepest Backwardation In 8 Months The Fed Is Channeling Higher Interest Rates: Fed Committee Participants Anticipating Higher Rates And Inflation Already Permeating Throughout Economy