Category: Economics & Investing

More details on Mulligan Mint ‘s legal troubles with Republic Metals have emerged in a recent motion before the court, for a writ of attachment. Once again, I don’t recommend placing any orders with Mulligan Mint–at least not until they are free of these potentially show-stopping legal encumbrances. Reader Allen C. sent: Why Incomes Could Fall For the Next 30 Years. When is theft not considered theft? When a national government does it, on a grand scale: Poland reduces public debt through pension funds overhaul. (Thanks to John N. for the link.) Items from The Economatrix: A new contagion is …

Ol’ Remus of The Woodpile Report pointed me to this piece by Michael Pento: Will the Last Person to Leave the Treasury Market Please Turn Out the Lights? Pento’s piece begins: “Wall Street and Washington love to spread fables that facilitate feelings of bliss among the investing public. For example, recall in 2005 when they inculcated to consumers the notion that home prices have never, and will never, fall on a national basis. We all know how that story turned out. Along with their belief that real estate prices couldn’t fall, is one of their favorite conciliatory mantras that still …

Danger:  Falling Currencies Items from The Economatrix Fed Tapering: Economy Without QE May Not Look Much Different, Here’s Why Oil Prices Rise, But Gas Is A Different Story Bloomberg: Secret Banking Cabal Emerges From AIG Shadows: David Reilly

Jim Rogers – US & Syria War, Printing Money = Market Collapse. (Thanks to B.B. for the link.) G.G. sent: Labor Participation Rate Hits 34 Year Low I noticed that spot silver was solidly over $24 per Troy ounce in London trading on Monday, and gold was bouncing around $1,390 per Troy ounce. If there is war in the Middle East, we can expect to see substantially higher metals prices. This might be a good time to further diversify out of Dollars and into physical silver. Items from The Economatrix: Syria Crisis Could Send Oil Toward ’08 Highs: Schoenberger The …

Brandon Smith: What To Expect During The Next Stage Of Collapse Well-Known Stocks to Avoid as Mortgage Rates Rise James W. sent: Indian rupee resumes slide as fears grow for slowing economy Items from The Economatrix: First Signs of Hyperinflation Have Arrived: US National Debt Can Travel From the Earth to the Sun and Back a Stunning 83 Times! U.S. Government Prepares Mass Pension-Rape 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama

Reader Mike H. sent: Silver Outshines Everything in the Market During August The Case For Why Silver Is Better Than Gold Smoking gun? Spreadsheet of high-profile hires found Items from The Economatrix: Is the Housing Recovery Still On Track? Get Ready For A ‘Massive Interest Rate Shock’ Soon The Global Financial Death Spiral?

Jason in Kansas alerted me to this: More Executive Orders on guns: Administration announces new gun control measures, targets military surplus imports. There probably will be more Executive Orders. (Jason opines that will most likely come just after the November mid-term elections, and I concur.) As I’ve mentioned before, I believe that BHO has set a priority on banning the importation of magazines that hold more than 10 cartridges. So stock up on imported full-capacity magazines, ASAP. If there is a ban, then they will be a great investment. (Depending on the wording of a ban, their prices may triple …

Not Your Land! – California City Wants To Seize Mortgages – Stuart Varney Items from The Economatrix: Wealth Distribution In US Rivals A Modern Day Gilded Age: In 2013 Wealth Inequality At Record Levels. 72 Percent Of Wealth In US Held By 5 Percent Of The Population. Will 8th Time Be The Charm For $1,400 Gold? Economy Recovers, Income Doesn’t

Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.” (Thanks to B.B. for the link.) Michael Z. Williamson (SurvivalBlog’s Editor at Large) recommended: Blockade – The Diary of an Austrian Middle-Class Woman 1914-1924 Items from The Economatrix: Look Out! September Market Headwinds Are Looming Trying To Stay Sane In An Insane World – Part 3 The Worldwide Bank Crash Has Commenced

Charles Hugh Smith: The Recession That Never Ended: 2008 -2013 (and Counting) B.P. in Colorado sent: Durable goods orders drop 7.3% Items from The Economatrix: Let us count the ways of inflation: While the CPI understates inflation Americans are living out the days of a contracting standard of living. Schiff:  Spectacular Gold Rally Is Coming The 5% Recovery: Why Most Are Still In Recession

Hi-yo silver! (I hope that you folks bought during the summer doldrums, as I had suggested.) Is Europe still in crisis? “Eurogeddon” was the buzzword on everyone’s lips in 2011. But is a euro recovery real or imagined? Community South Bank, Tennessee, Becomes Second Largest Bank Failure of 2013 Items from The Economatrix: Peter Schiff: The Market That Lives By QE Dies By QE Moody’s eyes downgrade of biggest US banks Asia Shocks West By Demanding Their Gold Be Sent Home

Hit in the Gut by the Internet Sales Tax. The advent of this tax is yet another reason to support small “mom and pop” businesses. (They will be exempt from collecting Internet sales taxes–at least for now.) Reader James W. suggested: Cashless: The Coming War on Tax-Evasion and Decentralized Money Italian factory owner moves company to Poland while staff are on holiday Items from The Economatrix: 18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral 401(k)s: Delivery Problems of a Different Nature Health Insurance Premiums Rise Faster Than Wages Obamacare clock stops for your boss, not you

Wim Grommen: The Dow 30 Stock Market Index is the Greatest of All Ponzi Schemes Abandoned Dogs Roam Detroit in Packs as Humans Dwindle. (An estimated 50,000 dogs at stray!) Items from The Economatrix: Get Ready: The Great Transfer of Wealth in Gold and Silver is Coming Your Future: “We Are Now at a Point Where the Crisis Will Happen Almost Overnight” Ron Paul And Jim Rogers Discuss Economic Collapse

Bond Investors Beware: Mutual Fund Outflows Accelerating as Interest Rates Climb Higher Doug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History” Indian Gold Dealer: “Gold Is Now Trading At $1800oz.—Small Factories And Workshops Are Shutting Down” Items from The Economatrix: Consumer Confidence Misses Expectations By Most On Record Housing Starts, Permits Miss; Single-Family Housing Market Weakest Since November 2012 Defunding wouldn’t kill Obamacare taxes