Category: Economics & Investing

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

Stocks end higher despite Nasdaq system crash Reader Peter S. sent: Gold flows from Britain to Switzerland surge in H1. [JWR’s Comment: The Smart Money must see storm clouds approaching.] Total Public Debt Now Eclipses GDP Items from The Economatrix: What Is Going To Happen If Interest Rates Continue To Rise Rapidly? Gold Market Update Compare And Contrast: Public Versus Private Retiree Underfunding In One Chart

The Lesson Of India’s Gold Saga The epic crisis in retirement savings: Vast majority of Americans unprepared for retirement. Median retirement savings for those 25 to 34? Zero dollars. Items from The Economatrix: Walmart Earnings Disaster Exposes a Collapsing Economy U.S. jobs, inflation data support tapering of Fed bond buying Behind Wal-Mart’s Earnings Miss; Weekly Jobless Claims; What Billionaires Are Buying Poll: How Wise Is It to Be Unloading Gold?

A new CATO Institute study found that a mother in New York State with two children is eligible for $38,004 in welfare benefits–which is greater than the annual salary of a first-year New York school teacher. Note where Idaho falls in the benefits spectrum. (Idaho certainly can’t be faulted for “encouraging multi-generational dependency.” (Thanks to John in Washington for the link.) G.G. sent: $2,001,093,000,000: Fed’s Ownership of U.S. Debt Breaks $2Trillion for First Time. Items from The Economatrix: Stars Aligned For “Serious” Stock Correction Dave Hodges:  Escape From Wall Street Cramer:  Giant Reset Looming For Markets

Reader H.L. sent: China Gobbling Up Wheat, as US Exports to Nation Soar Where the Housing Recovery Is Strongest and Weakest Buy Gold Now That Soros & Paulson Are Done Liquidating, Says Analyst Bill O’Neill Items from The Economatrix: How Bad Can Things Get? Obamacare Rate Calculator The Most Important Number For The Market: 2.75%

Foreign Holders Dump A Whopping $40.8 Billion In Long-Term Treasuries Gold Trader: “Big Money Is Now Trying To Get In—On A Violent Regression To The Mean” Items from The Economatrix: Fitch Rings Warnings On Canadian Banks Uninsured next year? Here’s your Obamacare penalty. The Smart Money Is Leaving the Building