Government to Run Budget Deficits Until 2038; How Can Money Printing Stop? Treasury Will Issue Its First Floaters On January 29, 2014 Shades of 1929: Dow Jones Industrial Average Warning: Margin Debt Hits Record-High $401 Billion Items from The Economatrix: The Top 6 Reasons Why Everyone Needs a Second Passport We Are Close to The End: “The Con Job Is Up” AP Estimate: At Least 3.5 Million People Have Had Their Health Insurance Canceled
Don McAlvany mentioned this video clip: The Essence Of The Banking Industry… Arrested economic development: 36 percent of Millennials living at home delaying financial adulthood. Less than one-third of Millennials employed. Items from The Economatrix: All-Time High Unemployment: The Economic Depression In Europe Just Keeps Getting Deeper Financial Destruction Will Be Unleashed On Global Economies Richard Russell – The Financial System Has Been Destroyed
Federal Debt Jumped $409 Billion in October; $3,567 Per Household Greek Companies Unable To Pay Taxes Explode From 182,000 To Over Half A Million In One Month (thanks to H.L. for the link.) Reader Frank B. suggested a Time Monk Radio show where “Plane” leads the interview: The Plane Truth ~ Gas and Gold: Goodbye to the Petrodollar with Jim Willie. The latter half of the interview veers off into some conspiratorial speculation, but their conclusions on the death of the Dollar are quite sound. Items from The Economatrix: US Households Cannot Avoid Soft Default Consequences Of Deleveraging: While US …
Michael Lombardi: National Debt to Double from $17 trillion to $34 Trillion? Mark J. sent this: Picture of the Day: Bitcoin Reaches Record Market Capitalization of $2.64 Billion. Mark added this caveat: “Remember the difference between currency and money.” (Real money is tangible and inherently has value.) Burke C. suggested a great piece featured at Zero Hedge: Mike Maloney’s Top 10 Reasons to Buy Gold and Silver Items from The Economatrix: Fed to Test Banks for Interest Rate Rise, Housing Collapse Paul Craig Roberts: Fed Trapped By Money Printing Tide Thefts, Cargo Hijacking And Cattle Rustling: Why Is An Epidemic …
Alt-Market reports: International Monetary Fund Recommends Stealing Americans’ Wealth Now! 3D Printed Gun Inventor Embarks on New Project: Dark Wallet Today, America’s Foodstamps Program Gets A 6% Haircut: What Happens Next? (Thanks to B.B. for the link.) Items from The Economatrix: Medicare docs face 24% pay cut … again Manufacturers Shake Off Effect of Budget Impasse Manufacturing in U.S. Expands at Faster Pace Than Forecast
Ed in Michigan suggested: Paul Singer: Obamacare rollout a ‘fiasco’. (In a recent parody, even Hitler was furious.) Man throws away $500,000 in gold to spite ex-wife Meet the American Nomads of Walmart’s Plentiful Parking Lots Items from The Economatrix: Are Constitutional Conservatives Really The Boogeyman? Weekly Consumer Comfort Index Tumbles To Lowest Since October 2012 Initial Claims Miss As California Catches Up With Claims Backlog
Jim: I never paid much attention to warnings of [mass inflation or] hyperinflation. Because most discussions about hyperinflation only mention the loss in value of savings, and I have none (in the form of dollars, anyway) I blew this off as a threat that wouldn’t affect me. But I recently realized that the threat of hyperinflation to folks like myself, who live paycheck to paycheck is not the loss of value of our savings. Rather it is the time it takes our pay-rate to catch up with the new price of the goods and services we purchase… if it catches …
Fed Wants Inflation to Sustain Asset Bubbles & Monetize Debt U.S. No Longer Among 20 Most Economically Prosperous Countries. (Thanks to C.D.V. for the link.) Man Opens Old Safe, Discovers Gold Coins Items from The Economatrix: Where Is The US Labor Market Heading? Fed stimulus: No end in sight Unemployment payouts since 2008 at record level
Don’t miss this: Jim Sinclair: Gold Will be $50,000 per Ounce, Gold Confiscation, Dollar Gets Hammered and More. Note: Jim Sinclair is famously terse in his writings, so it is a treat to see a 40+ minute interview with him. From Rochester to Dorchester: New York firearms importer ATI to move operations to Summerville [South Carolina], create 117 jobs California’s dependency culture extends to the far northern counties: Hoopa Tribe has to dip into emergency food supplies during 17 day federal shutdown Items from The Economatrix: Annihilation Of U.S. Dollar Coming – Jim Sinclair China Is Preparing To Declare Financial …
The Perils of Mussolini Economics: Feds Report $9.7 Billion Loss on GM shares Man buys $27 of Bitcoin, forgets about them, finds they’re now worth $886,000 Silver Eagle Bullion Coin Sales Head For Annual Record Over 40 Million Items from The Economatrix: Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination How Obama Overlooked 10 Million Americans Who Could Lose Health Insurance What Is The Federal Reserve’s End Goal? Follow The Money And You Will Find No Intention Of Tapering, Out Of Control Public Debt, And Financial Steroids For Stocks. Fed Balance Sheet Up …
Your share of the national debt is now $1.1 million JP Morgan sees ‘most extreme excess’ of global liquidity ever Items from The Economatrix: Are You Paying More Than Your Parents? The Ten US Cities With Less Than Ten Days Of Cash On Hand Congress To Eliminate The Debt By Not Counting It Anymore… Global System Reset: 2014-2015
Congress To Eliminate The Debt By Not Counting It Anymore… Does End of Cent Mean End of Coins? (Thanks to RBS for the link.) What Is The Timeframe For US Dollar Collapse? Mike Maloney Items from The Economatrix: Obamacare Rationing: Seniors’ Doctors Get Booted From Medicare Advantage Look Out Below: Home Sales Plunge: “Biggest Drop in 40 Months” Means-Tested Recovery: Over 108,000,000 Americans Received Means-Tested Benefits In Latest Report From Census Bureau, More Than Are Currently Employed Full-Time.
Tiberius Used Quantitative Easing To Solve The Financial Crisis Of 33 AD Detroit Pensioners Face Miserable 16 Cent On The Dollar Recovery Setting the Dollar up for a fall: In Fed and Out, Many Now Think Inflation Helps. (Thanks to John E. for the link.) Perpetual Assets Interviews James Wesley Rawles Items from The Economatrix: Gas Prices Slip Below $3 In Missouri Unemployment Falls But Hiring Slows Wal-Mart Moms Vent On Economy And ‘Disgusting’ Politics
I was unexpectedly laid off two years ago. Although I eventually landed another position after months of searching, losing my job was perhaps the most humbling and painful experience I’ve been through in recent years. Truth be told, I was also bitter. The frustrations of hunting for a new job in a tough market, starting up a sideline family business and wondering where in the world my family of six will end up really began to take their toll. I sorely needed a distraction and an excuse get out of the house! On a whim, I started going to auctions. …
Dmitri Orlov: The Sixth Stage of Collapse Reader M.Y. recommended this multi-part article: How To Get Through The Coming Hyperinflation Warren Buffett Continues His Praise of JP Morgan’s Jamie Dimon P.W. sent: China’s Banking Crisis Begins