News from Greece: Communities set up local currencies and exchange networks in attempt to beat the economic crisis Jim W. recommended: The Dow to Silver Ratio By way of Tyler at Zero Hedge: Why Did a Train Carrying Biofuel Cross the Border 24 Times and Never Unload? Items from The Economatrix: Swan Dive of 2013 Economy Billionaires Dumping Stocks, Economist Knows Why Three Landmines Hidden In The Fiscal Cliff “Fix” How The Budget Deal Will Push Up Unemployment
Steve B. suggested: Analysis: After “fiscal cliff” dive, more battles, new cliffs Peter Schiff: US Economy Living On Borrowed Time Jim W. suggested this from Sovereign Man: When Priced in Gold, the US economy is at Depression-Era Levels Items from The Economatrix: Peter Schiff: Congress Sells America Down The River to Avoid the Fiscal Cliff Roubini: The Longer-Term Picture is Bleaker and the Next Crisis Could be Just Two Months Away The Good, The Bad & The Ugly From The Fiscal Cliff Deal
Diana V.: suggested: Storing Nickels by David Hathaway Rick in New York recommended a 46-minute documentary: Overdose: The Next Financial Crisis Fiscal Cliff: The U.S. Debt Ceiling Is The Real Issue Still Ahead Venezuela’s Inflation Rate Hit 19.9% Items from The Economatrix: A Massive EMP Blast Could Collapse The Economy In A Single Moment Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds 16 Things About 2013 That Are Really Going To Stink
Michael Pento: It Would Be More Surprising If Gold Didn’t Go To $10,000. s(Thanks to B.B. for the link.) Anthony Wile: The Invisible Hand Strikes Back Items from The Economatrix: Economy Weighs On Shoppers In Final Holiday Weekend Dash To The Mall US Economy Is At Depression-Era Levels: This Slow Motion Economic Collapse… Beyond the Obvious — Mountains Of Deficit And Debt. It Is About Polarization In Washington And Dysfunctional Structure Of The Current US Economy “Fiscal Cliff” Deal Reached Between White House, Lawmakers
If you’re a long-time reader of this blog you know what to do to get prepared. Stock up on food for short and near term survival, find a location where like minded people live. Become physically fit and active, and train in self defense. But all of these things cost money. My article goes towards moving to an asset orientated lifestyle to achieve your goals. When you’re cash poor, it is tough to even think about planning. If you read these articles about guns and survival food, and retreat locations and wonder, while the dispute between .223 and .308 is …
B.B. recommended: In 2002, CBO predicted 2012 US debt would be 7.4% of GDP. In reality, it was almost 74% of GDP $1 Trillion Obamacare Tax Hike Hitting on Jan. 1st San Bernardino may have to pay pensions before police protection Items from The Economatrix: Ordinary Folks Losing Faith In Stocks Housing, Factory Data Point To Momentum In Economy
What Happens When the Bond Markets Turn Against the US? A Brief 2,000-Year History of Silver Prices (Thanks to Terry F. for the link.) C.D.V. sent: Kyle Bass: “This Ends in War; The Government’s Never Going to Tell You That It’s Going To Happen.” Items from The Economatrix: Fiscal Cliff Could Put Your Tax Refund On Hold Fewer Banks Fail As Industry Strengthens Fiscal Cliff: What To Expect If There Is No Deal
Jim Willie: The Gold War Loren sent this: Mort Zuckerman: Brace For an Avalanche of Unfunded Debt Items from The Economatrix: Labor Market, Housing In US Strengthen Into 2013 Consumer Sentiment Weakens As Fiscal Crisis Looms Home Prices Rose For 9th Straight Month
Buried in Bloomberg: “Why A Single Leveraged Speculator Can Trigger An Entire Clearinghouse System Default” (Thanks to G.G. for the link.) This Chilling Economic Report Is Getting Passed Around By CEOs Items from The Economatrix: Jobless Claims Fell By 12,000 Last Week Durable Goods Orders Jump In November 10 Fascinating Economic Collapses
The most educated and indebted generation ever – Average student debt has tripled since 1990 while earnings have gone stagnant for college graduates. Social Security Ran $47.8 Billion Deficit in FY 2012; Disabled Workers Hit. (Thanks to SurvivalBlog’s G.G. for the link.) Items from The Economatrix: Say Good-bye To The Good Life US Retailers Scramble After Lackluster Holiday Sales Home Prices Rose In 9th Straight Month
It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport. (Thanks to Jim W for the link.) American Vehicle Miles Driven Haven’t Been This Low Since The 1990s Items from The Economatrix: Chinese Rating Agency Puts US On Negative Watch Geithner Warns Lawmakers Debt Standoff Risks US Default A Horrific Economic Collapse Is On The Way: Bond Market Is Imploding, Debt Ceiling Will Be Breached Next Monday, Homeowners Now Foreclosing On Banks, And America Is Rapidly Becoming A Nation Of Takers
I am a widow of over three years whose youngest son was serving our country in the Middle East when my husband’s death happened. My husband lost his job and was forced into early retirement before his death. I will not go into the details of all the turmoil then and of having a child home with injuries of war. In a SHTF situation there will be many people with war injuries in our own neighborhoods. My other children and I are so glad he is still alive. My income dropped further not long after this. It was the end …
Reader “Swampfox” recommended a lecture by hedge fund manager (and fellow nickel coin hoarder) Kyle Bass. We Are Witnessing The Death Of Small Business In America The Real Reasons the Fed Announced QE 4 Demand For Gold “Combiners” Soaring Items from the Economatrix: The Last Christmas In America? New York Stock Exchange Sold To Derivatives Company In $8 Billion Takeover Jobless Claims Fall: A Bright Spot In The Fiscal Cliff Gloom IMF Chief Warns US On Worldwide Effects Of Fiscal Cliff
H.L. sent: Brazil Doubles Gold Reserves as Central Banks Buy Bullion American Gun Store: Before And After Sandy Hook Massacre Items from The Economatrix: Housing Poised To Bolster US Growth As Sales Rise US States Gain In Economic Health As Manufacturing Grows Silver To Gain 29% In 2013
Sound familiar? Cash Is King: Printing of $100 Bills Soars With Farm Bill Stalled, Consumers May Face Soaring Milk Prices. (Thanks to Michael W. for the link.) K.A.F. sent: Hungary bars foreigners from buying farmland Items from The Economatrix: 20 Signs That The US Poverty Explosion Is Hitting Children And Young People The Hardest, etc. The End Of US Dominance In 2013 Federal Spending, Rising Inventories Mask Much Weaker Economy The Current “Fiscal Cliff” Situation Is A “Worst Case Scenario”