Category: Economics & Investing

Monty Pelerin: Tyranny Rules Nearly $1 Trillion in pension liabilities! The Post Office Is Broke: It’s Time To End Washington’s Postal Monopoly. (Thanks to Brian L. for the link.) The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States Items from The Economatrix: A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment The accelerating race to a student debt implosion: Federal student loans rose by $266 billion since 2011. 85 percent of consumer debt growth since 2011 because of student debt. Dr. Doom Warns …

IRS Needs AR-15s for “Standoff Capabilities”? (Ay, ay, ay…) Bill Fleckenstein: Too-easy money makes market too risky; The liquidity-fueled rally of the past 9 months is easy to like. But recent history tells us higher prices based on easy money carry extreme dangers, so a violent drop could lie ahead. Items from The Economatrix: If Housing Is Booming – Why Do We Need Another Fix? Bank of England 0.5% Interest Rates for 7% Unemployment, to Result in 7% Inflation, Ongoing Savings Theft Peter Schiff On The Half-Full Economy

Ding, ding! It is noteworthy that Spot silver spiked to $21 per Troy ounce at the opening of the NY Globex market at O-dark-hundred, GMT on Monday morning. Perhaps the summer doldrums will end early, this year. G.G. suggested: Food-Stamp Use Rises; Some 15% Get Benefits Also from G.G.: Bank of Wausau, WI, Closed by Regulators – 18th Bank Failure of 2013 Peter Schiff – FED Will Continue To Ruin And Cause The US Economy To Collapse! Items from The Economatrix: Here’s The Real Unemployment Rate The American dream myth: Income mobility; 4 out of 5 Americans struggle with poverty, …

Ambrose Evans-Pritchard: Just set fire to Japan’s quadrillion debt Bitcoins can be used as money…and fall under the jurisdiction of securities laws, judge rules Currency Markets: The Next Crisis Has Begun Items from The Economatrix: Retail Sales: Don’t Look to July for Guidance on December Visualizing The Collapse In US Job Security During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve

Reader Joe G. sent this: China faces its worst economic crisis: water Massive jump in people who renounced US citizenship last quarter Items from The Economatrix: Eminent Domain and Underwater Mortgages: Solving the Municipal Fiscal Crisis Why the U.S. Economy Deserves a “B-” Grade Three Reasons the Walmart Empire Is Collapsing

Why we can kiss the US economy goodbye (Wayne Allyn Root) Our friend Tam (over at the great View From The Porch blog) wittily refers to this movie as “Occupy L5”: ‘Elysium’ director Neill Blomkamp, star Matt Damon deny movie has political agenda No Great Surprise Department: U.S. Congress wins relief on Obamacare health plan subsidies. (Congress almost always exempts themselves from their socialist schemes.) Items from The Economatrix: Chain Reaction of Breakdowns in Progress–Dr. Jim Willie Gold Markets Get Strange – Is Economic Danger Near? Job Market Faces New Problem, Hitting One Unlucky Group Really Hard

Derivatives Bubble: The Number One Threat That Our Financial System Is Facing Only 40% Of Federal Student Loan Borrowers Are Currently Making A Payment Items from The Economatrix: Pandemic of Pension Woes Plaguing The Nation 40 Percent Of US Workers Make Less Than What A Full-Time Minimum Wage Worker Made in 1968 Failure to launch into household formation: Record 36 percent of young Americans (18 to 31) living at home with parents. Where is household formation coming from?

Special Note: For any SurvivalBlog readers with pending orders (already paid, but order not received) with Mulligan Mint (a former advertiser : Please e-mail me and let me know: Your name, your order number, the number of ounces ordered, your e-mail address, and the date that you placed your order. I will then do my best to get them to ship you order. (Mulligan Mint claims that they are presently shipping orders.) Matt H. sent this: U.S. gasoline consumption takes a nosedive. G.G. suggested: Pandemic of pension woes is plaguing the nation Items from The Economatrix: Paul Craig Roberts:  Hiding …

G.G. sent: The lame jobs report, in eight charts. News from Spain: Bank bailout fund admits losses have reached 36 billion euros Consulates and the Vatican in chaos as HSBC tells them to find another bank Items from The Economatrix: Full circle: Joblessness at 2008 level Record Jobs For Old Workers; For Others – Not So Much Ten Times More Waiter and Bartender Than Manufacturing Jobs Added in 2013 US Factory Orders Miss (Again); Biggest 4-Month Drop in a Year

Detroit Bankruptcy a “Game-Changing Event,” Meredith Whitney Says Square Goes Bent on Bias: Mobile Payment Company Says No to Guns G.G. flagged this:Bond Losses at Federal Reserve Top $192 Billion. The article begins: “The yield on 10-year U.S. Treasuries has surged 66% over the past three months. And bond investors, especially those with jumbo-sized positions, are getting hammered. How much money has the Federal Reserve lost?” Also from G.G.: US regulators ‘find evidence’ of banks fixing derivative rates Items from The Economatrix: Marc Faber On Central Banker Actions: “Insane People Don’t Realize They’re Insane” The When: “The Economic Collapse Cannot …

James K. sent this: The 10 most oil-rich states. “These 10 States accounted for roughly 94% of all onshore U.S. reserves as of the end of 2011.” J. McC. sent this: America’s Urban Distress: Which States and Regions set up their Cities to Fail? Once again, notice the reverse correlation of The American Redoubt region. Items from The Economatrix: Extreme Gold Market:  Supply vs. Demand Old System Struggling and Dying-Catherine Austin Fitts If “Europe Is Fine” Why Is Deutsche Bank Deleveraging At The Fastest Pace Since The Crisis of 2011?

Burke C. sent: The Most Important Number In The Entire U.S. Economy G. G. suggested: Record Number 21 Million Young Adults Living With Parents Eric Sprott On Gold & Bail-Ins Items from The Economatrix: Gold And Silver: Load The Boat-Back Up The Truck — Peter Schiff Gold, Silver and Hyperinflation The Coming Shortage Of Physical Gold That Will Change Everything