James Turk: Gold to $11,000 – We Are in a Fiat Currency Bubble We all know it is going to end badly Let’s Stop Fooling Ourselves: Americans Can’t Afford the Future Items from The Economatrix: The Coming Crash Of The Bond Market The Chart That Proves The Mainstream Media Is Lying About Unemployment Like All Sleight-Of-Hand Games, It Cannot Continue Forever
Dr. Gary North: A Civil War Inside Austrian Economics G.H. flagged this over at Time: If There’s No Inflation, Why Are Prices Up So Much? Kyle Bass Warns “The ‘AIG’ Of The World Is Back” Items from The Economatrix: Mark Levin: Government Is “Simulating The Collapse Of Our Financial System, The Collapse Of Our Society And The Potential For Widespread Violence The Economic Un-Recovery: A Novel Perspective Jobless Claims Drop, Signaling Labor Market Gains
Kyle Bass: Yen could hit 200 Vs. US Dollar Eric Sprott: Is the West Dishoarding Its Sovereign Treasure Coin Hoarding Idea: Nickels I missed this when it was posted last August: The Two Things Your Broker Doesn’t Know About Silver Items from The Economatrix: What A Difference For Jobs $1.2 Trillion In Debt Makes The Coming Debt Collapse Payrolls Rise As US Jobless Rate Reaches Four-Year Low Italy Downgraded To BBB+
Bitcoin Reaches Half Billion Dollar Market Capitalization B.B. sent: Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence And A.K.H. suggested this (also at Zero Hedge): Fed Injects Record $100 Billion Cash Into Foreign Banks Operating In The US In Past Week Items from The Economatrix: A Year Of Improving Payroll Growth Starts Tomorrow ECRI Still Insists We’re In A Recession–We Just Don’t Know It Yet ECRI’s Achuthan: US Recession Began In Mid-2012
John Michael Greer: The Hard Road Ahead. (A piece recommended by Jeremy M. in New Zealand.) The new Dodd-Frank rules on collateral requirements for derivatives were scheduled begin in January, 2013. This legislation was passed in 2010, in reaction the 2008 Mortgaged Backed Securities (MBS) fiasco that had triggered the global credit market collapse of 2008. Perhaps this in part explains why the U.S. Treasury and the Federal Reserve selected MBSes as their junque de jour for Quantitative Easing Round 3 (QE3) “out of thin air” purchases. MBSes will remain solid as long as Uncle Sugar keeps buying them, month …
Inflation eats away the new peak in stock market: Dow is down 11 percent since 2000 adjusting for inflation. Items from The Economatrix: US Economy Grew 0.1% in 4th Quarter Study Shows More Americans Raiding 401(k) Accounts To Pay Bills Jobs, Factory Data Offer Hope For The Economy
The Ten Worst States for Taxes (Nine Are Blue States) And it is no great surprise that none of them are American Redoubt States. Time To Buy Silver Coins? Items from The Economatrix: Spending Cuts: It’s About To Get Weird Bernanke: Spending Cuts Add “Significant” Burden To Recovery For The Middle Class, Expenses Grow Faster Than Paychecks
Back on January 13, 2013 I mentioned the availability of steel AR-15/M16-compatible Tavor magazines, made in Israel, being sold by a company in the U.S. called The Mako Group. These were priced at $18.70 each. I personally ordered more than 100 of them on January 11th. My order just arrived on March 7th. I was very pleased with the fit and finish of the magazines. Mine came with white followers. Their finish was glossy black and quite slick feeling. They have gave reinforced magazine retainer tabs. The E-Lander company maintains stringent military specifications and they have ISO certified and NQA …
Debt based delusion: Fed spending far outstripping revenues, balance of trade, and business inventories decline. Analyst: Bitcoin Took A Key Step Towards Going Mainstream, And That’s Why It’s Been Going Crazy The Last Two Day . Wow!: I just checked at CoinMill and the BTC to USD ratio was at 40.91 to one! (Almost $41 to buy one BitCoin.) Gold Core reports: Russia, Korea And Central Banks Accumulate Gold On Dip Below $1,600/oz Items from The Economatrix: Service Industries In US Grow At Fastest Pace In A Year JPMorgan: The Consumer Spending Slowdown Is Here Billionaires Dumping US Stocks, Economist …
Just as I predicted: E-mail tells feds to make sequester as painful as promised G.G. suggested: The Pentagon’s Metals Gap Keep Your (Milk) Powder Dry!: Milk Powder Surges Most in 2 1/2 Years on New Zealand Drought. (Thanks to Eric G. in New Hampshire for the link.) Items from The Economatrix: US Economic Growth Basically Flat Construction Spending Falls In January Factory Expansion Spurs Growth As Budget Cuts Loom
G.G. flagged this: Is the dollar as good as gold? Life After QE: The Fed Is Starting To Prepare For A Future PR Nightmare The Daily Bell reports: The New Era in Gold Repatriation Will Affect Everything Items from The Economatrix: Dow Surges To New Closing High On Economy, Fed’s Help Dow Breaks Record, But Party Unlikely To Last [JWR’s Comment: The Fed’s addiction to Quantitative Easing has created this bubble. As with other severe addictions, this won’t end well.] Jobless Claims Fall Sharply
Notice the lack of large bumps in the American Redoubt on this zoomable population density map? (Thanks to Craig S. for the link.) o o o Wyoming legislators lay down welcoming mat for Colorado gun-accessory maker. o o o In his characteristic writing style, Montana veterinarian and state legislator Krayton Kerns bemoans the nationwide .22 LR ammo drought: Without a Shot o o o Some Idaho legislative news, courtesy of reader RBS: Idaho Lawmakers Want More Information Before Exempting Pocket Knives as Concealed Weapons. And: Ada County Sheriff Raney’s Idaho gun legislation forum. Also in Idaho: Lawmaker: …
Mayor Bloomberg: Don’t Panic About the Sequester. “Mr. Bloomberg argued the United States could owe “’an infinite amount of money’ and there is no specific amount that would cause the country to default.”Yeah, right. (I think he’s been sneaking a few 32-ounce Mega Big Gulps of Mountain Dew, in violation of his own decree.) Walter Zimmerman: Every Indicator I Follow Shows The Market Is Going To Tank, And There Will Be A New Financial Crisis In Debt We Trust America Before the Bubble Bursts. (Thanks to R.B.S. for the link.) Items from The Economatrix: Wal-Mart Situation “Getting Worse” New Leaks …
Some Daily Bell analysis: Italy Founders While Greece Subsides: Is Austerity Over? Not So Fast … Bitcoin deflation! It is interesting to note that One Bitcoin (“BTC”) is now worth around $34 USD. Please support the Bitcoin movement. If we can use mechanisms like Bitcoin and traditional barter instead of the banking system, then we will starve the banksters and regain some of our economic freedom and our privacy. ‘Dilbert’ Creator Alleges Vast Conspiracy — Predicts 20% Market Collapse Items from The Economatrix: Jobless Claims Rise Sound Money Campaign: “Economists Love To Hate Gold” The Tooth Fairy: Double-Digit Growth A …
A Recipe For Massive Hyperinflation or Bankruptcy: ProShares UltraShort 20+ Year Treasury, iShares Barclays 20+ Year Treasury Bond Michael Pollaro: Chairman Bernanke, Price Inflation is the Least of Your Problems Over at Lew Rockwell’s page, Peter Schiff predicts: US Debt Crisis Will Be Worse Than Europe’s Items from The Economatrix: Housing To Drive Growth (Finally!) American Consumers Upbeat In February Inflation Remained Subdued In January