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
Bob in Virginia sent: A Frightening New ‘Shadow Consensus’ Is Emerging On The Future Of The American Economy. (There is more talk of a “QE Trap” — now coming from mainstream economists.) Chart: Here’s How Much the Fed Is Affecting the Stock Market H.L. suggested this by John Rubino: A Tale of Two Charts: Are We 2007 America or 2006 Zimbabwe? Census Bureau: Means-Tested Government Benefit Recipients Outnumber Full-Time Year-Round Workers Items from The Economatrix: Another One Trillion Dollars ($1,000,000,000,000) In Debt McJobs For McAmerica – Fastest Growing Jobs In Low Wage Sectors. Of 10 Largest Occupations In US Only …
Citi forecasts Greek devastation, unstoppable debt spirals in Italy and Portugal Reader Susan R. suggested this news: Seattle uses eminent domain to turn a parking lot into a parking lot Items from The Economatrix: Man Who Predicted Surge In Gold Says Rally Just Beginning Chaos Now Ready To Explode As The West Begins To Collapse The Growing Rift With Saudi Arabia Threatens To Severely Damage The Petrodollar
Measured Against Gold, US Dollar Purchasing Power Drops By 99.9% Sometimes a graph shows it best: The Size of the Problem Pierre M. sent: Could Prepping Become Illegal Here Too? Venezuelan Gov’t To Detain “Hoarders” Items from The Economatrix: How To Build Wealth In This Economy: “Rattle Snake Investing” De-Crowning The Dollar, And The ‘Collapse’ Ahead Kiss The Dollar Goodbye
EU leaders to set tight timetable on completing banking union Reader M.M.E. like this piece at ZeroHedge: Shocking Clues What America Will Look Like When Next Great Economic Crisis Strikes G.G. flagged this: Study: 15 Percent of U.S. Youth Out of School, Work Also from G.G.: How the Dollar Could Eventually Collapse
Steve in Georgia liked this commentary from Bill Freeza, at Forbes: The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation. Steve says: “This reminds me of the taxes levied in the movie Popeye.” AmEx (American Expat) suggested this state-by-state data: How Will You Fare in the Obamacare Exchanges? Marc Faber: Fed could up QE to $1 trillion a month Items from The Economatrix: The Carlyle Group’s Latest Investment… Trailer Parks Hospitals cut thousands of jobs