Category: Economics & Investing

Report: Government redistributes more than $2 trillion in one year Marc Faber Exposes The Consequences Of A Dysfunctional Political System Foreign Purchases Of US Securities Drop To New Post-Lehman Low Items from The Economatrix: The Red Queen’s Race And The Real Winners From Quantitative Easing: Celebrating The Five Year Anniversary Of Redistributing Wealth To The Top. Bernanke Says Economy ‘Still Far’ From Ideal Why Were Foreigners Large Net Sellers Of US Assets In September?

Reader J.B.G. sent: Silver Eagle Record Set: 40 Million Ounces! H.L. spotted this: Treasury Forced to Issue $1Trillion in New Debt in First 6 Weeks of FY14. Pierre M. suggested this over at Zero Hedge: Money Doesn’t Exist Items from The Economatrix: Will Dry Shipping Cool Off Before it Heats Up Again? Four Debt Collection Practices That Need to Change 2% growth will end U.S. as ‘country of opportunity’

The Biggest Money Printing Of All Time Bitcoin market value now exceeds $750 per BTC. (And the Feds sound nervous…) Items from The Economatrix: Factory Production Rises 0.3% In October Cutting Back On Christmas? 90 Years Ago: The End Of German Hyperinflation Several readers mentioned this: Census ‘faked’ 2012 election jobs report

In today’s economic environment, spot silver below $21 per Troy ounce is a bargain. For those who don’t consistently make dollar cost averaged silver purchases, this is a good time to hedge into physical silver. Some clips from the 2013 Sovereign Man Offshore Tactics Workshop, Santiago: Violent Revolution coming to Europe; Ron Paul, Nigel Farage, Jim Rogers Cue up an Asian rendering of Carmina Burana or some other ominous doom music: Canadian Province Issues Offshore Yuan-Denominated Bonds. (Thanks to AmEx for the link.) Ann Barnhardt: The Survival of Civilization Depends on You. Venezuela jails 100 ‘bourgeois’ businessmen in crackdown. (Thanks …

Inside Coin’s techie vision for the all-in-one credit card. Sovereign Man: No inflation to see here…. C.I.A. Collects Global Data on Transfers of Money Items from The Economatrix: As Goes Wal-Mart, So Goes Global GDP? The Two-Income Trap For Americans: How Dual Income Households Are A Financial Necessity In A Time When The Median Per Capita Wage Is $27,000. How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

G.G. sent us this: ECB’s Praet: All Options on Table Central Bank Could Adopt Negative Deposit Rate, Asset Purchases If Needed Reader Jeff H. mentioned this satire: The Affordable Horse Act (AHA) R.B.G. liked this piece by Karl Denninger: Obamacare: 106,185 Citi Warns “Fed Is Kicking The Can Over The Edge Of A Cliff” Items from The Economatrix: I will lose my jobless benefits by year end Gas under $3 – coming to a station near you Economy Not As Strong As It Appears

Number of U.S. expatriations reaches record high in 2013 US Treasury: Ramps Up The Zimbabwe Style Printing Press. (Thanks to J.B.G. for the link.) And speaking of Zim: Zimbabwean government demands cash from churches Items from The Economatrix: The Two-Income Trap For Americans: How Dual Income Households Are A Financial Necessity In A Time When The Median per capita wage is $27,000. U.S. Dollar and Treasury Bonds are Dead – Dr. Jim Willie

RBS: “The Fed Is Now Responsible For Monetizing A Record 70% Of All Net Bond Supply” Mike Maloney: Expect First Real Deflation, Then Hyperinflation Reader C.D.V. spotted this: Bill would outlaw U.S. dollar in Russia Items from The Economatrix: Richard Russell – Frightening Hyperinflation Coming To US Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing Three Warning Signs Of A Potential Bloodbath Ahead

Reader Mark J. mentioned a Silver and Gold Payment Calculator. This is a very handy site for calculating gold and silver coin transactions Starved of gold, Indians may import record volumes of silver IEA: Shale Boom is Only Temporary, we’ll Soon be Relying on Middle East Again Items from The Economatrix: Jim Willie:  Gold Fever: Coming Global Currency Reset Will Double Gold Overnight! 10 Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind We’re in a worse position than in 2008: Marc Faber

I noticed that spot silver just took a dip to below $21 per ounce. For those who don’t dollar cost average, this would be a good time to make a purchase. From OSU’s Socratic Club: A couple of good illustrations of the perils of socialism. G.G. suggested: Larry Kotlikoff Asks “Is Hyperinflation Around The Corner? By way of Ol’ Remus (who is now back to regular weekly posts): 36 Times Obama Said You Could Keep Your Health Care Plan Items from The Economatrix: Huge Cracks In US Financial Fortress, Petro-Dollar Final Death Throes U.S. Unfunded Liabilities: The Coming Big Squeeze …

Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low Congress Passes Bill To Remove Derivatives Regulations That Were Just Put In Place Why The U.S. Dollar Is In Trouble Items from The Economatrix: Which America Do You Live In? – 21 Hard To Believe Facts About “Wealthy America” And “Poor America” October Mortgage Purchase Applications Collapse To Decade Lows Congress Sells Out To Wall Street, Again

Fed ‘Backed Into a Corner,’ Low Rates and QE Here To Stay: Belski A Closer Look At Bank Bail-Ins And The Black Hole Of Our System Venezuelan military seizes major retail chain Items from The Economatrix: Unemployment Payouts Since 2008 At Record Level Milk ‘$8 A Gallon’ If Farm Bill Not Passed

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