Category: Economics & Investing

Jim W. recommended this “must watch” interview that mentions the coming derivatives implosion: Greg Mannarino – People Are Going to Suffer on a Biblical Scale Marc Faber – The Most Dangerous Trend Facing The World Today. (Thanks to H.L. for the link.) G.G. flagged this: Regulators close small bank in Minnesota for total of 41 US failures so far this year Items from The Economatrix: June Food Stamp Recipients Hit All-Time High As Three Times As Many Americans Enter Poverty Than Find Jobs 8 Reasons Why No One Should Ignore The Coming Economic Collapse Unemployment Benefits Claims Fall 12,000 Inflation …

Canadian housing bubble goes into full mania mode – Canadian debt-to-personal income ratio near 145% while US at peak of the housing bubble was at 125%. When Working Until 70 Isn’t Enough Rex spotted this: Richard Russell: The World Can Fix Its Debt Problem By Raising The Value Of Gold To $10,000 The swan song of stagflation – Gas prices up over 100 percent from 2005 and incomes are stagnant. Ignoring a $16 trillion debt headline and repackaging food to hide stagnant incomes. Items from The Economatrix: Catherine Austin Fitts:  They’re Going to Depopulate or Bankrupt the Rest of Us …

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