Category: Economics & Investing

The Coming Derivatives Panic That Will Destroy Global Financial Markets. [JWR Adds: I’ve been warning you about derivatives since 2006.] R.B.S. sent: Obama Slaps States That Don’t Comply With Obamacare Also from R.B.S.: More Signs of Silver Shortage Items from The Economatrix: Shopper “Fatigue” Hurt Retails Sales Last Week Home Prices Up 6.3% In October From Last Year. [JWR’s Comment: It is remarkable what hundreds of billions of Dollars created out of thin air and the fantasy land ZIRP can create, in the short term. ] “We Are In The Midst Of The Keynesian Depression” US Households Already Went Off …

Over at Guerillamerica: The American Redoubt: New Byzantium Some ominous news, from England: Tax hitmen to track your spending: Up to two million people are to have their credit files secretly checked under a crackdown on tax evasion to be unveiled by George Osborne to help raise another £10 billion. (Thanks to Greg C. for the link.) James K. sent this from McNewspaper: Invest in gold bullion or gold-mining companies? Yishai sent this news from the small island nation of Curacao: Police Baffled: $11.5M in Gold Bars Burgled in Bold Boat Heist Items from The Economatrix: Even Without U.S. Cliff, …

M.E.W. mentioned this New York Sun editorial: After The Dollar. 15 countries with no personal income tax. (Thanks to H.L. for the link.) David W. spotted this: Post-US world born in Phnom Penh. (15 Asian nations forman economic partnership that excludes the USA) Items from The Economatrix: Our Collapsing Economy And Currency Next Up For A “Recovering” Europe:  A 30% to 50% Collapse In Wages In Spain, Italy And France The Past 30 Days Have Seen The Largest Physical Gold Sales On Record S&P 500 Will Drop 1.8% to 1,390 in 2013, Wells Fargo Says

Mark Levin interview: Inflation is coming and it will devastate the economic environment for every American family Next Up For A “Recovering” Europe: A 30-50% Collapse In Wages In Spain, Italy And… France Dr. Gary North: $1 Trillion Bailout: Student Loans Items from The Economatrix: B.B. sent: $80 Trillion In Unfunded Liabilities The True Noose Around Our Necks Fitch Downgrades Argentina Ugly Q3 GDP Confirms Personal Consumption Collapsing

The folks at Agora Financial are currently hawking a report (that only comes “free” with a paid subscription to their newsletter) via an online slide show presentation that remarkably parallels all of the major points in my truly free 2009 article on Nickels. It is downright agonizing listening to this presentation wherein the narrator talks around the real topic (which is nickels) for nearly half an hour. By the way, the “hedge fund manager Kyle B.” that is mentioned is of course Kyle Bass, who acquired $1 million worth of nickels in 2010. I have a lot of respect for …

Reader G.B. from Texas sent: Congress looks at doing away with the $1 bill [and new coin compositions]. Meanwhile, we read about more congressional action. New coin compositions are coming soon! The window of opportunity to stock up on real nickels will soon close. If you haven’t yet stocked up, then do so NOW! Grain prices to surge in early 2013, then retreat Items from The Economatrix: Jim Willie:  Immutable Golden Laws, Central Bank Extremes, Gold Standard Recall Consumer spending In US Grows Less Than Forecast Sandy Slows Retail Spending, Factory Output, And Home Sales In Late October And Early …

Curtis R. sent this: Why $16 Trillion Only Hints at the True U.S. Debt Fiscal Cliff: Why The Government Is Gambling With Our Economy Reader B. B. sent this: Those Fleeing Obama’s America: Prepare to be taxed Also from B.B.: When Work Is Punished: The Tragedy Of America’s Welfare State (Don’t miss reading the comments, but be forewarned that there is some foul language.) Items from The Economatrix: Sales of US New Homes Fell 0.3% in October Unemployment Rates Fall In Most Large Cities Fed Survey:  US Economy Growing At Steady Pace

Spain Now Faces a Systemic, Societal, and Sovereign Collapse Warren Buffet: Fed has no more bullets left to stimulate US economy Senator Blasts ‘Secret’ Fiscal Cliff Negotiations Items from The Economatrix: We Are About to Crush 15 Years of Resistance in Gold & Silver The Giant Currency Superstorm that is Coming to the Shores of America Feud At The Fed:  “Horrific Consequences” For Unlimited Easing

CME Declares Force Majeure at Manhattan Gold Depository. JWR’s Comment: This could have been–and eventually may be–much worse. When will people ever learn? There is no proper substitute for holding precious metals in your own possession. J.B.G. sent this news from England: People who eat doughnuts for breakfast should be charged for prescriptions, says Tory MP Stocks dead, bonds deader till 2022: Pimco US Power Grid Vulnerable to Just About Everything   Ten Reasons to be Wary of US Energy Independence Claims Gun Shoppers Joined Other Black Friday Shoppers In Record Numbers Items from The Economatrix: Morgan Stanley’s Doom Scenario:  …

Morgan Stanley’s Doom Scenario: Major Recession in 2013 Jim W. sent this: Iran Accepts Payment in Gold to Get Around Sanctions Marc Faber – Before The Collapse US Will Go To War. (Thanks to B.B. for the link.) R.B.S. sent: There Is Only One Thing That Can Save Japan Now: Inflation Items from The Economatrix: Unemployment Benefits, Payroll Tax Cut Really At Risk Of Going Over The Cliff Stock Market Set To Sell-Off This Week; Argentina Nearing Technical Default, Etc. Marc Faber:  Before The Collapse, The US Will Go To War This Move In Gold And Silver Will Shock People

The World Is Doomed: Prepare To Have Your Holidays Ruined, The Imminent Civil Unrest & Financial Implosion Will Sweeps The World G.G. mentioned: Fed Bought 77% of Federal Debt Increase in 2011: The Data Source Food scarcity: the timebomb setting nation against nation. (Thanks to Jim W. for the link.) Items from The Economatrix: Sandy Seen Boosting US With As Much As $240 Billion Rebuilding 2013 Looks A Lot Like 1937 In Four Fearsome Ways Housing May Be Stable, But Not In “Full Blown Recovery”

Why Changes In Tax Law Will Devastate Our Economy Enslave a Nation with Debt: Marc ‘Dr. Doom’ Faber’s 50 Economic Charts. (Thanks to B.B. for the link.) Steven M. sent: Food Stamp Recipients Outnumber Populations of 24 States Combined Items from The Economatrix: Billionaire Investors George Soros And John Paulson Load Up On Gold More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before 2012-The Tipping Point-The Results Are In-The Bankers Lost Euro Strengthens To Three-Week High As Oil Advances

Hyperinflation and Complete Collapse – Nick Barisheff AmEx (American Expat) sent: Morgan Stanley’s Doom Scenario: Major Recession in 2013 Items from The Economatrix: Standby for “Currency Induced Cost Pushed Inflation” to Take Gold to $3,500, Predicts Jim Sinclair Another US Credit Downgrade Is Coming–And It Doesn’t Matter Jobless Claims In US Decreased Last Week To 410,000

Legendary Investor Jeremy Grantham: We’re Headed For A Disaster Of Biblical Proportions. Most of Us Are Going To Starve To Death. Reader M.E.W. sent: House Prices Are Nowhere Near A Bottom Says Analyst Smoke and mirrors economy – 47 percent of the members in Congress are millionaires. 67 percent of Senators. Fed and Treasury money close to $7 trillion. Items from The Economatrix: Eric Sprott:  Centrals Banks’ Gold Likely Gone Sales Of Existing US Homes Unexpectedly Rises Waiting For The Dow Industrials To Be Cut In Half Economy Turns US, Japan Into Ugly Step Sisters

An interesting perspective on calculating life insurance coverage or retirement savings: How long do you expect to be dead? Robert Fitzwilson: “History says that once set in motion, fiat money schemes cannot be reversed. Tragedy and collapse are the terminal destinations.” We Have a Shortage of Gold – Eric Sprott Items from The Economatrix: The Twinkie That Broke The Economy’s Back:  Just Two Weeks Since The Election And 100,000+ Jobs Lost US Treasury Secretary Geithner:  Lift Debt Ceiling To Infinity Greenspan On The Cliff:  This Leveraged Economy Was No Accident~Take The Deal~Recession Is Guaranteed Dollar Collapse Update:  7 of 10 …