Category: Economics & Investing

Tom Cloud: How to Sell Gold Without Reporting It. (Thanks to H.L. for the link.) The Political Implications of America’s Oil & Gas Boom – James Kwak Interview Euros discarded as impoverished Greeks resort to bartering Forget discouraged, 3 million workers hopelessly unemployed Items from The Economatrix: Fed Becoming Worried About Stimulus Side Effects Private Sector Job Gains Offer Hope for Labor Market 65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty Retirement No More: Median Net Worth At Lowest Since 1969 The Difficult Part Is Still Ahead…Many Wall Street Experts Expect The Bond Bubble …

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe Reader “Rock Farm” recommended a piece by Victor Davis Hanson: Very Scary Times Putin Saves French Actor From Tax Slavery With Russian Citizenship Items from The Economatrix: My Name Is Cash New Gold for a Scary New World Moody’s Says “Fiscal Cliff” Deal Doesn’t End Credit Downgrade Risk 2013 Predictions:  S&P 500 Plunges, Gold Soars “Panic Buying” In Gold, Just Four Days Into 2013, A New Gold Milestone Has Already Been Passed

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

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

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

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