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
Bernanke Playing with Fire-Laurence Kotlikoff Peter Schiff: Congress Can’t Fix The Post Office, How Will They The Fix Deficit? Reader H.L. sent: Hotel Mama: Bad Economy Has Young Europeans at Home Items from The Economatrix: Gold & Silver Set Up For Explosive 2013 Silver Will Soar 100s Of Dollars Higher Long-Term Unemployment Highest Since WWII
Economics and Investing: Peter Schiff Reveals CPI Propaganda By Calculating Real Price Inflation Fool me once, shame on you. Fool me twice, shame on me: US taps pension fund to avoid passing debt limit Why The Entire Bond Universe Looks Toxic In 2013 Items from The Economatrix: Moody’s Threatens To Downgrade US AAA Rating 20 Facts About The Collapse Of Europe Everyone Should Know Economic Collapse! A Leading Indicator Of Better Times To Come
G.G. suggested this New York Times article: Life in the Red Items from The Economatrix: 128 Million Americans Are Now On Government Programs-Can America Survive As The World’s Superpower? Brussels Fears “Poverty Trap” For Half Of Europe As North-South Gap Widens This Is About To Rock The Financial World
A transcription of my recent Silver Vigilante interview is now available. Federal Reserve Bank President Says, “We Must Inflate 24 x 7.” A surprising map of the best and worst countries to be born into today Items from The Economatrix: Why Job Numbers Mean Lower Rates For Years Borrowing From MasterCard To Pay For Visa The Scariest Jobs Chart Ever
H.L. sent a video from Belarus that was apparently shot just after a currency revaluation. It illustrates what life can be like during a mass inflation: The Most Tolerant Cashier John Rubino: We Created The Conditions For Catastrophic Failure It Begins: Bundesbank To Commence Repatriating Gold From New York Fed California’s “Prevailing Wage” – Floor Vacuuming At $45.93/Hour Items from The Economatrix: If The Fed Stops Printing, The Collapse Would Be So Incredible That People Would Eat Each Other In The Street Box Demand As Economic Gauge Shows US Output Gains Stimulus From Jobless Aid Fades As US Hiring Grows