US citizens leaving the country to avoid stiff tax bills Euro Area Pushed Into Recession as Trade Slows, Spending Drops Jim W. suggested this: Research Shows ALL Paper Money Systems Failed Items from The Economatrix: How To Prepare For The Coming Gold Crunch Oil Trades Near Three-Week Low as ECB Cuts Europe Growth Outlook More US Service Jobs Heading Offshore The World’s Economy Is In Peril, The Government Knows It
G.G. flagged this: Why Are People Hoarding Coins? Reader Steve L. sent: Cost to Make Penny and Nickel Rises, Annual Loss Reaches $116.7 Million. When seigniorage goes negative, modern era governments almost always move to debase their coinage. The window of of opportunity to acquire nickels without sorting will be closing soon! Drought expands, concerns mount about wheat and rivers G.G. flagged this: Government borrows 46 cents of every dollar it spends. And meanwhile, we read: Federal Budget Deficit 24% Higher Over Same Time Period Last Year. How long can this go on? Protect yourself by diversifying out of Dollars …
H.L. suggested this at Zero Hedge: Charts Of The Day: Greek Unemployment Hits Escape Velocity Yishai sent: Oklahomans can Buy Gold and Silver Coins and Bars without Paying Sales Tax When The “PRICE” of Gold or Silver Means Nothing? [JWR Adds: FWIW, I can remember Howard J. Ruff foreseeing this situation. He described it in his Ruff House television show, back in the late 1970s.] Items from The Economatrix: Service Industries In US Unexpectedly Rose In November Worst Since WWII: 50% Unemployment: Over Six Million Teens And Young Adults Are Out Of Work And Not In School Confiscation, Price Suppression …
Income tax will exceed 50% in California, Hawaii, and New York City R.B.S. sent: Why You Might Only Be Able to Get Part-Time Work in 2013 Kevin A. sent: Double Your Money Selling Old Pennies by the Pound 109-Million Private Sector Jobs Paying for 88-Million Government Jobs/Welfare Items from The Economatrix: The European Threat To The US Recovery The Fiscal Cliff Is A Mirage, But A Real Cliff Is Ahead Most Accurate Forecaster Sees Lethargic U.S. Expansion
The Coming Derivatives Panic That Will Destroy Global Financial Markets. [JWR Adds: I’ve been warning you about derivatives since 2006.] R.B.S. sent: Obama Slaps States That Don’t Comply With Obamacare Also from R.B.S.: More Signs of Silver Shortage Items from The Economatrix: Shopper “Fatigue” Hurt Retails Sales Last Week Home Prices Up 6.3% In October From Last Year. [JWR’s Comment: It is remarkable what hundreds of billions of Dollars created out of thin air and the fantasy land ZIRP can create, in the short term. ] “We Are In The Midst Of The Keynesian Depression” US Households Already Went Off …
Over at Guerillamerica: The American Redoubt: New Byzantium Some ominous news, from England: Tax hitmen to track your spending: Up to two million people are to have their credit files secretly checked under a crackdown on tax evasion to be unveiled by George Osborne to help raise another £10 billion. (Thanks to Greg C. for the link.) James K. sent this from McNewspaper: Invest in gold bullion or gold-mining companies? Yishai sent this news from the small island nation of Curacao: Police Baffled: $11.5M in Gold Bars Burgled in Bold Boat Heist Items from The Economatrix: Even Without U.S. Cliff, …
M.E.W. mentioned this New York Sun editorial: After The Dollar. 15 countries with no personal income tax. (Thanks to H.L. for the link.) David W. spotted this: Post-US world born in Phnom Penh. (15 Asian nations forman economic partnership that excludes the USA) Items from The Economatrix: Our Collapsing Economy And Currency Next Up For A “Recovering” Europe: A 30% to 50% Collapse In Wages In Spain, Italy And France The Past 30 Days Have Seen The Largest Physical Gold Sales On Record S&P 500 Will Drop 1.8% to 1,390 in 2013, Wells Fargo Says
Mark Levin interview: Inflation is coming and it will devastate the economic environment for every American family Next Up For A “Recovering” Europe: A 30-50% Collapse In Wages In Spain, Italy And… France Dr. Gary North: $1 Trillion Bailout: Student Loans Items from The Economatrix: B.B. sent: $80 Trillion In Unfunded Liabilities The True Noose Around Our Necks Fitch Downgrades Argentina Ugly Q3 GDP Confirms Personal Consumption Collapsing
The folks at Agora Financial are currently hawking a report (that only comes “free” with a paid subscription to their newsletter) via an online slide show presentation that remarkably parallels all of the major points in my truly free 2009 article on Nickels. It is downright agonizing listening to this presentation wherein the narrator talks around the real topic (which is nickels) for nearly half an hour. By the way, the “hedge fund manager Kyle B.” that is mentioned is of course Kyle Bass, who acquired $1 million worth of nickels in 2010. I have a lot of respect for …
Reader G.B. from Texas sent: Congress looks at doing away with the $1 bill [and new coin compositions]. Meanwhile, we read about more congressional action. New coin compositions are coming soon! The window of opportunity to stock up on real nickels will soon close. If you haven’t yet stocked up, then do so NOW! Grain prices to surge in early 2013, then retreat Items from The Economatrix: Jim Willie: Immutable Golden Laws, Central Bank Extremes, Gold Standard Recall Consumer spending In US Grows Less Than Forecast Sandy Slows Retail Spending, Factory Output, And Home Sales In Late October And Early …
Curtis R. sent this: Why $16 Trillion Only Hints at the True U.S. Debt Fiscal Cliff: Why The Government Is Gambling With Our Economy Reader B. B. sent this: Those Fleeing Obama’s America: Prepare to be taxed Also from B.B.: When Work Is Punished: The Tragedy Of America’s Welfare State (Don’t miss reading the comments, but be forewarned that there is some foul language.) Items from The Economatrix: Sales of US New Homes Fell 0.3% in October Unemployment Rates Fall In Most Large Cities Fed Survey: US Economy Growing At Steady Pace
Spain Now Faces a Systemic, Societal, and Sovereign Collapse Warren Buffet: Fed has no more bullets left to stimulate US economy Senator Blasts ‘Secret’ Fiscal Cliff Negotiations Items from The Economatrix: We Are About to Crush 15 Years of Resistance in Gold & Silver The Giant Currency Superstorm that is Coming to the Shores of America Feud At The Fed: “Horrific Consequences” For Unlimited Easing
CME Declares Force Majeure at Manhattan Gold Depository. JWR’s Comment: This could have been–and eventually may be–much worse. When will people ever learn? There is no proper substitute for holding precious metals in your own possession. J.B.G. sent this news from England: People who eat doughnuts for breakfast should be charged for prescriptions, says Tory MP Stocks dead, bonds deader till 2022: Pimco US Power Grid Vulnerable to Just About Everything Ten Reasons to be Wary of US Energy Independence Claims Gun Shoppers Joined Other Black Friday Shoppers In Record Numbers Items from The Economatrix: Morgan Stanley’s Doom Scenario: …
Morgan Stanley’s Doom Scenario: Major Recession in 2013 Jim W. sent this: Iran Accepts Payment in Gold to Get Around Sanctions Marc Faber – Before The Collapse US Will Go To War. (Thanks to B.B. for the link.) R.B.S. sent: There Is Only One Thing That Can Save Japan Now: Inflation Items from The Economatrix: Unemployment Benefits, Payroll Tax Cut Really At Risk Of Going Over The Cliff Stock Market Set To Sell-Off This Week; Argentina Nearing Technical Default, Etc. Marc Faber: Before The Collapse, The US Will Go To War This Move In Gold And Silver Will Shock People
The World Is Doomed: Prepare To Have Your Holidays Ruined, The Imminent Civil Unrest & Financial Implosion Will Sweeps The World G.G. mentioned: Fed Bought 77% of Federal Debt Increase in 2011: The Data Source Food scarcity: the timebomb setting nation against nation. (Thanks to Jim W. for the link.) Items from The Economatrix: Sandy Seen Boosting US With As Much As $240 Billion Rebuilding 2013 Looks A Lot Like 1937 In Four Fearsome Ways Housing May Be Stable, But Not In “Full Blown Recovery”