Category: Economics & Investing

Getting ready for a cashless society? France Prohibits Sending Currency, “Coins And Precious Metals” By Mail The Maduro era: Venezuela hit by fears of hyperinflation and recession Silver Prices: Paper, Physical and the Coin Dealer FDIC closes North Las Vegas bank; will reopen under different ownership Items from The Economatrix: Financial Insider:  “We Are Moving Into The Last Stages Before An All-Out Collapse” Greenspan: Taper Now, Even If Economy Not Ready; Marc Faber: Even QE99 Won’t Help Us May Jobs Reports “Pleased No One” Says Paulsen

Taxing Coin Sales: A Bureaucratic Nightmare In The Making? Bread, butter, and food stamp economy: Is the US developing a permanent under-class of citizens economically? Richard Russell: Silver, Gold & A Coming Stock Market Crash Over at Silver Doctors: COMEX confirms that its gold and silver inventory reports are fraudulent. Items from The Economatrix: Real Unemployment Rate:  11.3%?  Nope.  29%. Economist:  Labor Market Just Not That “Healthy” May Jobs Report; Government Data Grab

Spot silver took a substantial drop on Friday, closing on the COMEX at $21.69 per ounce. A dip like this would be a good time to buy. And speaking of silver, Mulligan Mint is cranking out the one ounce American Redoubt silver coins in quantity, and the shipping delays are getting shorter. For those who have been waiting, thanks for your patience. India Central Bank Prohibits Sales Of Gold Coins. (Thanks to G.G. for the link.) Lifestyles of the Los Angeles flippers: Big money being invested in flips. Boyle Heights and other interesting market observations. Items from The Economatrix: Weekly …

Introduction There are two questions that every gun owner will be asked to address in the near future: 1. Do you own and store firearms in your home? 2. Do you want your children and their children to inherit your firearms without undergoing a background check? Question 1 is taken from a random selection of medical portal entrance questionnaire forms. The question appears on the form along with questions about swimming pools, drugs, alcohol etc and asks if each identified potential risk is present in the patient’s household. It is not a random question for philosophical consideration. It has recently …

At Seeking Alpha: Why the Dow Could Hit 20,000 in Three Years Mac Slavo: We Have Blown the Largest Bubble in the History of Mankind G.G. flagged this: Doomsday poll: 87% risk of stock crash by year-end Surprise! Your Bitcoins May Be Taxable Income to the IRS Items from The Economatrix: Peter Schiff: Fed’s Advisory Council Admits We’re Screwed UCLA Economist Forecast Paints Dismal Picture of Economic Recovery Retailers’ Sales Rise in May, Spending Stays Moderate Remember The Sequester?  It’s Finally Dinging The Economy

S&P 500 Crash Warning: Margin Debt Surpasses 2007 Danger Levels The supply and demand math can’t be avoided: Summer Is Lyme Disease Season. The Price of the Drug to Treat It Just Exploded. Once again, those of us who wisely stocked up are sitting pretty. The Roubini – Faber Debate South African Rand Leads Emerging Market Rout. Rationalizing and pushing the debt limit: The academic battle to open the gates on unlimited digital debt monetization. G.G. suggested this: Nine reasons why the four-year-old US economic recovery is closer to awful than awesome Bread, butter, and food stamp economy: Is the …

News headline from Wednesday: Markets Around The World Getting Smoked — Dow Falls Below 15,000 The mainstream investors catch on, belatedly: Gun collecting: Worthy investment or risky business? (Thanks to H.L. for the link.) Collapse Isn’t Coming -We’ve Already Begun (an interview with David Quintieri that highlights the derivatives timebomb.) Jim Kim of Fierce Finance asks: Is a credit bubble about to pop? Promises by one or more third party governments must have been made! Rhode Island-Based Firm Announces Bid For Massive Amount Of Outstanding Greek Debt U.K. gang steals $775,000 – on just ONE American Express Black card. Items …

Just as we assumed: Red States Have Most Economic Potential. (A hat tip to H.L. for the link.) This Crazy Extend & Pretend Economic World. Here is a quote: “The Japanese government spends 24% of its annual revenues on interest expense, but only because the average interest rate is quite low. If interest rates rise to 2.2%, their interest expense will consume 80% of the government revenues.” Reader Bob G. suggested this: The Four Big Risks Massive Money Has Brought to the U.S. Economy The price of Austerity in Italy: Homemade Bread The Feds Seized Another Bitcoin Site. Items from …

Reader J.M.R. suggested: The Coming Guaranteed 48% Real Estate Crash J.B.G. sent: Venezuela police seize 2,500 rolls of toilet paper and ‘Unbelievable’: Venezuela Shortages Move Far Beyond Just Toilet Paper Peter Schiff: The Great Reflation There have been more revelations about Bloomberg’s financial spies. Items from The Economatrix: 10 Reasons Why So Many People Are Moving To Texas Consumer Spending In U.S. Unexpectedly Declined In April On Crushing Student Loans, Worthless College Degrees, And The Millennials

Does this sound familiar? How A Trip To Costco Can Work As An Investment Strategy. Buying in bulk at Bog Box stores like Costco is described in detail in the “Rawles Gets You Ready Preparedness Course. It is now priced at less that $20, and you’ll get immediate delivery, via digital download. Why does this not come as a surprise? DoE Lost Billions in Deal with Tesla G.G. flagged this: Marc Faber: “People With Financial Assets Are All Doomed” Silver Short Squeeze Scenario 420 Jim W. sent this commentary on deleveraging from Jim Noland at The Prudent Bear: It’s Going …

Reader Mike M. sent us a Porkchop Express report on some Big Trouble From Big China: Smithfield Foods, the world’s largest pork producer, is being bought by Shuanghui–at $5 billion, this is the largest-ever planned buyout of an American company by China. Curious… IRS’s Shulman had more public White House visits than any Cabinet member 157 visits! Apparently the White House had some deep concern about taxes. Perhaps BHO felt deep anguish about assuring tax fairness, or…? Chart of the Day: Euro Unemployment Hits Its Worst Level Ever All Time Record Gold Transactions Reported By LBMA Items from The Economatrix: …

Big Dang Bubble, The Next Generation: New York Stock Exchange Margin Debt Hits A New Record, Surpasses 2007 Figures Ambrose-Evans Pritchard: No saviour in sight as world credit cycle rolls over. (Thanks to J.B.G. for the link.) Matt The Teacher sent: Why is Progressive Insurance Lying About their Spy Devices? Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy Items from The Economatrix: Impending Financial Collapse–The Grand Finale:  Here Is What’s About To Happen To You Jim Willie:  Coming To A Climax With Gold At $7,000/Oz. US May Auto Sales Seen Shaking …

The inevitable Liberty Reserve case fallout: World’s Largest Bitcoin Exchange Announces That Anyone Depositing Currency Will Need To Be Verified. ( A hat tip to Jim W. for the link.) R.B.S. sent: Nine Worst Recession Ghost Towns in America. The bottom line is food: We Are Now One Year Away From Global Riots, Complex Systems Theorists Say. (Thanks to Bob G. for the link.) Andre D. sent: German Finance Minister Schaeuble Warns of Revolution Items from The Economatrix: There Is Now A 100% Chance Of A Market Collapse Basel III:  How The Bank For International Settlements Is Going To Help …

Reader Bob J. sent: Step Inside The Connecticut Gun Factory That Is Leaving The State In Protest. The article includes a nice collection of photos. And you have to love a battle rifle where the magazines only cost as little as $1.50 each. This does not bode well for Bitcoin: Prosecutors crack down on virtual money firm Robert G. sent: The Fiat End Game: Preparing For A Way Forward Further evidence “spot” metals prices have become irrelevant: US Mint Resumes Selling One-Tenth Ounce Gold Coins… At A 40% Premium To Spot. Thanks to Jim W. for the link. Items from …