Category: Economics & Investing

The 8 Retailers That Will Close the Most Stores in 2013 Tax Foundation: Americans Pay 17.2% in Cell Phone Taxes Items from The Economatrix: US Debt Headed Toward 200 Percent of GDP Even After “Fiscal Cliff” Deal US Rating Still At Risk Despite Reduced Threats From DC Triple-Digit Oil In Sight As Economy Heals

Reader Michael W. sent this: Zimbabwe Is Down to Its Last $217. Comrade Mugabe and his cronies have absolutely destroyed and looted their nation which once had a vibrant economy. They must be overthrown! The destruction of the US Dollar continues: Bernanke Seen Buying $1.14 Trillion in Assets in 2014 Items from The Economatrix: Economists Growing More Upbeat About Year Ahead [JWR’s Comment: Well, golly gee, with the Federal Reserve and Treasury conspiring to soon double the money supply AGAIN, so stocks must go up, and we’ll all be “millionaires” soon, right? Given their monetary policies in recent years, I …

SBSS has launched a new “Liberty Girl” one-ounce .999 silver coin. ‘Wall St.’ flees NY for tax-free Florida The Disappearing Gold Dr. Gary North: Fed Will Buy $1.1 Trillion in Bonds. Then It Will Buy More. Items from The Economatrix: IMF’s Lagarde Says US Leading Economic Role At Stake The Endgame Is Being Played Out:  World Plunges Into Currency War, Economy Underperforming Again, US Banks Shaken By Biggest Deposit Withdrawals Since 9/11…The Collapse Will Begin New Homes Sales Slip:  Jobs Are The Key To Housing Recovery

Mr. Rawles, The window is closing to pick up Canadian pennies is quickly closing. The Royal Canadian Mint will no longer ship pennies to banks on February 4, 2013 and at the same time, banks will no longer “sell” pennies to their customers.  I did a run on about a dozen banks today, and some already out right refused to sell them to me. It’s worth noting that unlike the American government who debased their pennies in 1982,  the Canadian government fully debased the Canadian from 95% copper to copper washed zinc in 1996, so a circulated box of Canadian …

You read about this first in SurvivalBlog: Shale gas boom now visible from space The Real Story Of How ‘Untouchable’ Wall Street Execs Avoided Prosecution. (Thanks to Jim W. for the link.) Scam complete: the US government takes a page from Diocletian’s book… Items from The Economatrix: Gold Bank Run Accelerating In Europe Royal Canadian Mint Rationing Silver Coins Britain’s Economy Flirts With Triple-Digit Recession

US expatriates urged to seek tax advice At Zero Hedge: Chinese Politicians Are Buying Billions In U.S. Real Estate Couple goes off grid, on to savings Items from The Economatrix: It’s Official.  Worst.  Recovery.  EVER. Gallup Poll:  Americans Most Negative On Nation And Economy In 30 Years Cities Short On Pension, Health Care Funds Canada’s Economic Outlook Dims More Americans Delay Retirement, Keep Working Rise In Leading Index Signal US Expansion Into 2013

G.G. sent this: Money printing ‘amounts to theft from our children’ From reader C.D.V.: Food prices on the rise, could triple Auntie Entity votes with her feet: Tina Turner ‘to become Swiss, give up US passport’ Items from The Economatrix: Silver Bars Being Secured By HSBC–Buys $876 Million From Poland Exports Set For Recovery In US As Global Growth Firms IMF Cuts World Growth Forecast On Euro Crisis

Food prices on the rise, could triple H.D. sent: Bank of America issues `bond crash’ alert on Fed tightening fear Michael Pollaro: U.S. Government Finances People do vote with their feet, to avoid high taxes: HowMoneyWalks.com/ Items from The Economatrix: Obama’s Second Term: Is the Economy Still Important? World Unemployment to Hit Record High in 2013 Welfare Spending to Rocket 80% in Decade

Charitable Giving: These Are Most and Least Generous States. But Why? Hugh D. sent: Bank of America issues `bond crash’ alert on Fed tightening fears Items from The Economatrix: Prepare For 90% Correction?  Currency War Escalating But Inflationary Targets Will Fail–World Stuck In Deflationary Super-Cycle And There’s A “Financial Catastrophe On The Horizon” World War 3 Imminent?  China Quadrupling Rice Imports In 2012–FED Printing Money Every Month In 2013–Countries Recalling Their Gold Existing Home Sales Decline As US Supply Dwindles

H.H. suggested this over at Zero Hedge: Oldest Bank In The World Plunges, Halted As Chairman Resigns In Aftermath Of Latest Derivatives Fiasco The Government Debt Bubble Will Eventually Burst Chinese Politicians Are Buying Billions In U.S. Real Estate Items from The Economatrix: The Sovereign Debt Bubble Will Continue To Expand Until — BANG — The System Implodes 2013:  Cheapest Gasoline In Four Years? Market Update:  “Logic Has Been Replaced By Fear, By Panic

Are we missing critical inflation data with the CPI? How the government over time has altered the CPI to under report inflation. Ben Stein on money, gridlock & more. Stein says the budget deficit will continue to grow “…until it eats us all alive.” Whither Japan Stocks and Bonds: Are Kyle Bass and Martin Feldstein Right? Is Market Collapse Ahead? Items from The Economatrix: Karl Denninger:  US Credit Rating Downgrade 2013 As 2013 Begins, Global Economy Still At Risk Of Collapse And The Downside Risks Are Gathering Force 37 Statistics Which Show How Four Years Of Obama Have Wrecked The …

Blog reader Paul C. sent: Mickelson plans ‘drastic changes’ in response to tax hikes. (Effectively a 63% tax rate, for high income earners, in California.) Pacific Group to Convert 1/3 of Hedge-Fund Assets to Gold Obama’s New ‘Pay as You Earn’ Plan a Windfall for MBAs. Items from The Economatrix: A Look Inside The Fed On Verge Of Crisis America Should Declare Bankruptcy

G.G. flagged this item: First Term: Americans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers US Mint Out Of Silver Coins – Suspends Sales (A hat tip to Rory for spotting that article.) Bill O’Reilly: Obama’s Economic Collapse. (Thanks to B.B. for the link.) Items from The Economatrix: Expect Stunning $233 Silver As It Begins To Soar Another “Market Meltdown,” “Huge Recession” Is Guaranteed Do You Want To Scare A Baby Boomer?

Michael Pollaro: U.S. Government Debt Monetization Bond Bubble Will Be Bigger Catastrophe than Real Estate Bust: Casey Items from The Economatrix: Here’s The Real Unemployment Rate US Industrial Production Rises 0.3% On Equipment Demand Gary North:  A FED Dove Calls For All Inflation, All the Time