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 …
Some stunning charts: Quantitative addiction and the allure of low interest rates – US paid $454 billion in interest payments alone in 2011. Equity in real estate for households cut in half. Negative Real Interest Rates Continue To Drive The Gold Price Miles in Indiana sent this from Ahead of the Herd: Nickel Mining Like its 1864–Nickel Sulphide Project Pipeline Empty Billions in bearer bonds could be lost due to Hurricane Sandy. (A hat tip to to Linda U. for the link.) Items from The Economatrix: Greenspan Warns Financial Markets Will Crash If US Can’t Solve Fiscal Cliff Problem Most …
Paul Krugman suggests a 91% top income tax rate. (If this happens, the congresscritters will see a million or more Americans go Galt.) R.M. sent a link to article that serves as a word of warning for those who run businesses that have large cash customers: Williamsburg gun business, owner, punished by feds. R.M.’s Comment: “This is a fine shop, with great husband and wife owners. The shop is in the lower floor of their home in tiny Williamsburg, Iowa. Great people getting trampled by the government.” The System Will Collapse, It Must Collapse FHA Red Ink May Be $32.8 …
James Wesley: Can you provide any insight on the banking services and the Lakota [copper, silver and gold] coins from the Lakota Bank? Thanks, – Bryan E. JWR Replies: They are to be commended for their pluck, but their fees are high. More importantly, their arbitrary Cu/Ag/Au ratios (2/50/5,000) will certainly come back to bite them. (Fixed ratios are a bad idea! The silver-to-gold ratio is constantly changing. I expect to see a 10-to-1 ratio by the middle of this Century. Anyone that locks themselves into a fixed bimetallic ratio is sowing the seeds of their own downfall. The Liberty …
And you thought the upcoming 39.8% Federal tax rate sounded bad… Did you see this cliff coming? Ranchers, farmers brace for ‘death tax’ impact. The exemption drops from $3.5 million $1 million, and the rate jumps to a confiscatory 55%. B.B. sent: Peter Schiff: Dollar Collapse Before Obama’s Out I missed this when it aired last June: CNBC pundits admit we’re all slaves to the central bankers. Items from The Economatrix: Ron Paul On Secession No Surprise! Jobless Claims Up 78,000 Week After Election; Pennsylvania, Ohio Worst Hit John Galta: Gold Will Move $500 Per Ounce Per Major City Europe’s …
2.5 million jobless adults living with their parents G.G. sent: U.S. Postal Service on a ‘Tightrope’ Lost $15.9 Billion Gary Shilling: This Is Not just A Temporary, Bear-Recession Dip. But A “Deeper Depression-Style Slow-Growth Likely Till The Election Of 2020″ Items from The Economatrix: Wholesale Prices, Retail Sales Fall In October US Bank Run Imminent As FDIC Expanded Deposit Insurance Ends December 31st. (The 100% coverage expiring, it goes back to the limit.) Financial Markets Second Shoe About To Drop? How Shadow Banks Rule The Worlds
I’ve always been a “glass is half full…when life hands you lemons you make lemonade…” kind of person. So despite a divided nation after this recent election, geopolitical unrest, and our nation on the brink of financial collapse, I still see the silver lining. My husband and I purchased a small 900 square foot home, because it was all we could afford. It was near the height of the housing bubble so we bought high. We then spent the next four years, remodeling the one bathroom the tiny kitchen and living room to suit our needs. After investing tens of …
Mac Slavo: There Is A Financial Disaster Coming; Are You Ready For An Absolute Credit Freeze? Credit And Derivatives Are Decreasing At An Alarming Rate!! Market Crash Inevitable? FHA Nears Need for Taxpayer Funds (More Bailouts!) Items from The Economatrix: Food Stamp Aid To Be Reduced In Ohio Economy Stinks For Many, But Crushing For Millenials Economist: EU Recession Worsening What Is Money When The System Collapses?