Category: Economics & Investing

G.G. sent: Why is Putin Putting Away So Much Gold? Items from The Economatrix: 18 Indications That Europe Has Become A Black Hole Which Is Going To Suck The Life Out Of The Global Economy Lost Middle-Class Jobs Being Replaced With Burger Flipping, Retail Gigs Audit of NY Fed Reveals Technocrat’s Creation And Cover-up of Global Financial Crash Gold’s Coming Rise

Some of the Really Bad Things That Could Happen if You Do Not Prepare tor the Coming Economic Collapse. (Thanks to Lee M. for the link.) Reader H.L. suggested this piece over at Zero Hedge: In Greece, It’s The Police Vs The Riot Police Mark I. sent: The 29 Ugliest Charts In The World The printing press is running hot, but where is inflation and how will it affect gold? Items from The Economatrix: Bernanke Says Fed Ready to Act But Short on Specifics “The Economy Stole My Retirement” Oil Has Peaked But No Relief at Pump Likely Soon

Peter Schiff: The real fiscal cliff. Bloomberg reports from Japan: The End of a 1,400-Year-Old Business. (Thanks to R.N. and G.G. for the link.) B.B. sent: $16,015,769,788,215.80 – $5.4 trillion added under Obama. JWR’s Comment: Don’t just blame Obama. It is Congress that holds the purse strings! Also from B.B.: Supermarkets being looted in Spain Items from The Economatrix: S&P 500 Trims Loss Amid Speculation Europe to Take Steps Manufacturing in US Shrank in August for Third Month Investors Assets to be Stolen in the Coming Collapse China Launching Gold-backed Worldwide Currency

Over at Zero Hedge: Chart of the Day: 803 Years of Global Inflation A good illustrated presentation on the economy, in light of Peak Oil: What the Economic Crisis Really Means – and what we can do about it James K. was the first of several readers to send this: Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain Moody’s Changes Euro Zone Rating Outlook to ‘Negative’ Items from The Economatrix: Everything You Need To Know About The September 12 German Court Decision That Could Rock The Entire World Economic Shock:  Global Food Prices Jump 10% The …

Federal Reserve has already started QE3, says investor Jim Rogers H.L. sent: Higher CAFE Standards: “There’s No Such Thing as a Free Lunch” A surprisingly good article, considering that it is coming from McNewspaper: Vanguard’s Jack Bogle: Financial ‘train wreck’ looms Steve F. recommended: Why Billionaire Frank Giustra Is Making A Massive Bet On Inflation Items from The Economatrix: Gasoline Rising to Holiday High as Storm Surge Presses Obama Consumer Confidence in U.S. Declines Most Since October The Three Frontrunners for Fed Chairman in Romney Administration (Hint:  It’s not Ben)

Chipotle Ends the Penny Before U.S. Mint Does. (Thanks to Gregg P. for the link.) Food prices jump will hit poor, World Bank warns. Global food prices have leapt by 10% in the month of July More Monetization: Debt crisis: ECB should launch ‘unlimited’ bond buying, says OECD. Somehow, I don’t think that a country buying their own bonds is what Bing Crosby had in mind. (Thanks to G.G. for the link.) Items from The Economatrix: Charlie McGrath:  Collapse, Civil Unrest are Unavoidable The “Euphoric” Economy and Why “They” Didn’t See it Coming Into The Meat Grinder:  A “Market Meltdown …

Jim W. recommended this over at International Man: After The Storm: The 11stages of an Economic Crash Also from Jim W.: Breakout Move in Silver Forecasting Global Hyper-Inflation. H.L. sent: The Biggest Reason Why California is Bankrupt Libertarian billionaire warns of ‘financial Armageddon’ after U.S. election Items from The Economatrix: Jim Rogers:  The Agriculture Industry Is Doomed Home Values Rise In U.S. For First Time Since 2010 Jack Mintz:  U.S. Worse Than Europe

Peter Schiff says Ron Paul was ignored and that an economic collapse is inevitable, regardless of who wins the presidential election. By way of our friend Remus at The Woodpile Report, a link to an eye-opening piece on the velocity of money by Mark McHugh: Shhhh…It’s Even Worse Than The Great Depression. (Warning: Includes some foul language.) H.L. sent: More Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months I’m sure that many of you noticed that gold and silver ended the week with bang. Items from The Economatrix: Debt Crisis:  Italian Cash-For-Gold Shops …

G.G. flagged this frightening news: Study: States over $4 trillion in debt Items from The Economatrix: Yuan Tipped to Replace US Dollar, Euro in Southeast Asia Get Your Money Out of Morgan Stanley Fast Ron Hera:  We’re at 2008 Crash Levels Economic Crisis:  Riots, Food Raids, and the Collapse of Spain

Some elements in this piece by Monty Pelerin will sound familiar to SurvivalBlog readers: The Role of The Government in The Economic Crisis Zero effective policy and stalling QE3 – Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion. G.G. sent this: Household income is below recession levels, report says. Also from G.G.: Unilever sees ‘return to poverty’ in Europe Items from The Economatrix: Why We Are on the Brink of the Greatest Depression of all Time The Truth About Gasoline Price Volatility US Capital Goods Orders Decline Most Since November …

James, I’d like to respond to our friend who asked if refinancing from 5.2% down to 3.88% is a good idea. To answer that, consider what we just did. We refinanced our house from 4.5% down to 3.75% and borrowed a further $40,000, from equity. The result is that we still pay $100 less each month in mortgage payments. While we have more debt, now we also have more equity in the house in the form of $33,000 worth of solar panels and battery backup that we had installed. We also squared away most of our remaining important preparations and …