Category: Economics & Investing

Hugh, I found the article from Will to be very accurate, creative, and informative. His information was spot-on, although I would add a few comments: Disclosure: I have an employer-matching 401k plan and a Roth IRA that I rolled over from a previous job (paid the tax on the conversion). If you think the government will seize the assets, then it really does not matter what type of plan you have; they will follow the paper trail. A more realistic scenario would be a hefty tax on retirement plan, since the funds are pretax contributions (excluding Roth). The threat of …

D.B. sent in this article on the Winklevoss Bitcoin ETF. Amidst all of the bad economic news, it’s always good to hear some good news. The motley fool writes: 50 Reasons We’re Living Through the Greatest Period in World History Items from The Economatrix: Richard Russell – This Terrible Collapse Is Going To Accelerate Retail Apocalypse? Major Chains Closing Hundreds Of Stores 22 Facts About The Coming Demographic Tsunami That Could Destroy Our Economy All By Itself Lots Of Negatives Hidden In Recent Jobs Data

Introduction I know what crosses your mind when the term “prepping” is used. Obviously, as you’re reading this on a website created for the sole purpose of helping people prepare for the worst, you’re thinking of preparing for “Dooms Day”. I know what I think of when I hear, see, read, gander at, and think of the word “prepping.” Just a few short years ago, the only thing that was on my mind was the day-to-day. I was a new mom, married to an Army soldier, paying a mortgage, trying to complete my Bachelor’s degree, and working a full-time job …

Jeffrey Tang on the Asian Markets and the Coming Deflation in China – The Daily Bell B.R. sent in this article: Guide to the George Soros Network. I particularly like the interactive network map. meanwhile, at the same website: Barclays Busted: Sells private account details up to 27,000 files leaked in worst breach of bank data EVER Items from The Economatrix: Hyperinflation – 10 Worst Cases Goldman to Fidelity Call for Calm After Global Stock Wipeout JP Morgan Holds Highest Amount Of Physical Silver In History

America’s make-work sectors have run out of oxygen – P.S. Gold and U.S. Bonds the New Great Trade? – C.S. Items from The Economatrix: 221 Percent Increase In One Year? Why Are So Many People Renouncing American Citizenship? U.S. Economy Adds 113,000 Jobs In January It’s ‘As If 100,000 Service-Sector Jobs Went Missing,’ Rosenberg Says The Shackles Of Consumer Credit In A Low Rate Environment– Banks Would Rather Leverage Low Rates From The Fed Than Lend Money To Cash Strapped American Households. 15 Percent Average Rate On Credit Cards And Typical Savings Account Rate Near 0 Percent.

Here’s What It Looks Like When Your Country’s Economy Collapses– JBG 4th Financial Services Executive Found Dead; “From Self-Inflicted Nail-Gun Wounds” – RBS S.R. sent in this linkComing Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventories. Some of the sources quoted are questionable, but the trends are disturbing nonetheless. Items from The Economatrix: Richard Russell – Collapse To Be Brutal As US Lies To Its People 28 Signs That The Middle Class Is Heading Toward Extinction More Men in Prime Working Ages Don’t Have Jobs– video

Pullback in Stock Prices Makes These Dividend Payers Attractive Again – EWS Why January Auto Sales Point to Bleak Future for U.S. Economy – C.S. Items from The Economatrix: 40 Members of Congress resigning; Forex traders resigning; banker deaths; Wells Fargo Director resigning… there’s a shake up in the foreign exchange… Factbox: Members of U.S. Congress who are leaving office Exclusive: Deutsche Bank fires Argentine trader in wake of FX probe: source Citi, Goldman FX Heads Leaving In \ Wells Fargo director resigns for health reasons Deutsche Bank suspends currency trader A Rash of Deaths and a Missing Reporter – …

K.F. sent in this link that explains some of the mechanics of rampant inflation. —- B. sent in this link about 10 Characteristics of Debt Free People, noting that: “There is a lot of directed activity for preppers and folks who just want to be more self-reliant generally, but it frequently is a set of broad statements without any implementing recommendation’s. This article is short but provides some real psychological and practical steps and might be of interest to your readers. I personally believe this to be the most important and the first step because it provides the freedom of …

CW4 sent in this list of Bank Failures so far this year: Syringa BankBoise ID 34296 Sunwest Bank January 31, 2014 January 31, 2014 The Bank of UnionEl Reno OK 17967 BancFirst January 24, 2014 January 28, 2014 DuPage National BankWest Chicago IL 5732 Republic Bank of Chicago January 17, 2014

Treasury Sells First Floating Rate Notes In Heavily Subscribed Auction – G.G. Jamie Dimon’s Raise Proves U.S. Regulatory Strategy is a Joke – B.R. JPMorgan Loses 44% of Gold Inventories in 4 Days! – RBS Items from The Economatrix: U.S. Mint Gold-Coin Sales Jump 63% in January; Silver Triples Celente – No Way Out As Global Ponzi Scheme Collapse Begins As Predicted, Tapering Prompts Market Dive The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

Putting Silver Price Rigging Into Perspective Is California built out?Privately owned housing starts remain all-time record lows. Affordability continues to crush home buying but signs of lower prices loom. Is your money safe at the bank?An economist says ‘no’ and withdraws his Items from The Economatrix: India’s Central Bank Governor: ‘International Monetary Cooperation Has Broken Down’ Nearly 1/2 Of America Lives Paycheck-To-Paycheck Index Of Consumer Sentiment Dips

How many articles have you read about prepping on a budget? This website and many others have explored the topic in depth. Grow your own food, buy in bulk, cut unnecessary expenses, learn to improvise, and get out of debt. The old saying is “use it up, wear it out, make do, or do without”. We should all be following this advice. At the same time, we should ask the obvious question, ‘Wwhy are so many of us on such a tight budget these days?” One reason may be that your income has decreased, stagnated, or disappeared. If you are …

Have These Stocks Already Been Through a Correction? Is This the Correction Investors Have Been Waiting For? Items from The Economatrix: William Broeksmit, Former Deutsche Bank Risk Manager, Found Hanged Bundesbank’s Stunner To Broke Eurozone Nations: First \ Obama To Unveil Treasury IRAs, Or Planning For A Post-Monetization World

A complete Ira type and benefits summary There is much clout and confusion about IRAs and their uses for purchasing precious metals and real estate among the truth, freedom, and self-reliance communities. In this article I aim to clarify the different options and the benefits and potential pitfalls of each, especially as it pertains to taking physical possession of IRA Gold & Silver. Perhaps the biggest advantage of the IRA LLC to the precious metals investor is that the individual (as manager of the LLC) can take physical possession of Gold and Silver Eagle Coins with IRA funds and it …

Beretta USA Chooses Tennessee for New Factory Site – JBG Gold Mint Runs Overtime in Race to Meet World Coin Demand – Bloomberg – B.R. Economic Meltdown? Analyst Says You Need to Watch for These 20 Early Warnings – M.A. Items from The Economatrix: U.S. Economy Expands 3.2% In Fourth Quarter Consumer Confidence in U.S. Fell Last Week to Two-Month Low Baltic Dry Index Collapses 50% From December Highs To 5-Month Lows