Is The World Abandoning The U.S. Economy? Phoenix Capital Research outlines why Spain is Totally 100% Beyond Saving G.G. flagged this: Over $60,000 in Welfare Spent Per Household in Poverty Items from The Economatrix: Marc Faber: US Stocks Could Fall 20% Buffett: “No Question” Global Economy is Slowing Connelly: The Countdown to the Fiscal Cliff Has Begun Sales By US Mint Of Silver Outpace Gold Over Fifty-Fold
James, So I found a reputable dealer here in town, went to the store, He asked what can I do for you? I said how many pre-’65 silver coins do you have? A big smile on the owners face and he gets up from his desk walks behind a partition, and comes back with three boxes of loose coins. Half dollars, quarters and dimes. I ask what is the going rate and he told me 23.25 times face value. I asked how much $2,000 would buy me. He calculated $86.80 in silver coin. He asked me why I was buying, …
Rampant Recycling Fraud is Draining California Cash C.D.V. suggested: FAQ for Hyperinflation Skeptics Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic) Items from The Economatrix: DeMark Sees S&P 500 Index Peaking ~1,480 Before Tumble Fed Calls Economic Growth “Moderate” While Maintaining Bond Buying Homes Sales Rising to Two-Year High Spur U.S. Growth Euro-Area Recession Deepens as Manufacturing Shrinks Economy
G.G. suggested this: Fed considers upping QE3 size and language The ultimate tangible? Here is an asset that isn’t “created” by a Federal Reserve and US Treasury collusion: Iowa Farmland Sets Sales Price Record. (Thanks to Dan T. for the link.) Jim Rickards – Currency Wars Simulation. (Thanks to Rick A. for the link.) J.B.G. sent this news item: Bundesbank slashed London gold holdings in mystery move Items from The Economatrix: The Good Old Days Are Over Fabian Calvo: Massive Foreclosures After Election 9 States With Sinking Pensions Good Economic Data Meets Bad Earnings-Which One Is Wrong?
R.B.S. sent: Across Corn Belt, Farmland Prices Keep Soaring Brad in Texas spotted this: US may soon become world’s top oil producer The Next Stock Market Crash Will Be Bigger Than “Black Monday” PIMCO Recommends Hard Commodities To Weather Inflation Items from The Economatrix: IMF’s epic plan to conjure away debt and dethrone bankers We Have Been Warned – Part 2 The Demise of Cash World “Close” To Recession: Stanley Fischer
Highest (and Lowest) State & Local Tax Burdens Bank of Canada Fires Shot Across Bow, Says “Withdrawal of Stimulus Will Likely be Required” Hot Off the Press: Fed to Print $470 Billion in 2013. Note the mention of increased demand for $100 bills, going overseas. Items from The Economatrix: Jim Sinclair: Change In Spread Management By Bullion Banks Will Send Gold Prices $3,500-$12,400 Weimar: Here’s What We Know About The Hyperinflation Horror That Haunts Europe Today Suddenly, Everyone on Wall Street is Taking the “Red Pill” of Economics Marc Faber: Western World In “Colossal Mess” In 5-10 Years
As a single mother of two I know and live the word budget all to well. My income is limited and I have wasted a lot of time and money because I was too focused on getting ‘only the best.’ I quickly realized that the path I was on was getting me nowhere. I began to look at past purchases and realized that a lot of my purchases were unnecessary and quite frankly irresponsible. If I wanted to better guarantee the safety and sanity of myself and my young children, I needed to take a different path to self-sufficiency and …
When I last checked, spot platinum had plummeted to $1,569 per ounce, while gold was more resilient at $1,707. This disparity is attributable to the platinum price being driven by its industrial uses. (And the global industrial forecast presently looks grim.) But, as I’ve mentioned before: whenever you can buy platinum for less than the price of gold, it is a good time to diversify your holdings. (Geologically, platinum is 16 times more rare than gold, so in most years it sells for a 20% to 150% premium over gold. The times that platinum has sold for less than gold, …
Dear Editor: In the 1880s milk sold for $0.56 per quart or $2.24 per gallon which at the time was 0.112 oz of gold per gallon of milk. To put that in perspective today, it would cost $190 for a gallon of milk. So if you had a cow producing 1 gallon per day 10 months out of the year, it would have been the equivalent of having $57,000 / year in revenue today. (You have significant capital and labor costs gathering hay and water for just one cow not to mention the distribution costs and short shelf life). At …
Is A Debt Jubilee The Next Big Meme? The World Is Moving Closer To A Full-Blown Currency War Just Like The Great Depression of The 1930s. Repo Man Goes to Ghana to Tow Away Argentinean Navy’s Flagship Eric G. sent: 10 nations that control the world’s gold Unless We Act, High-Frequency Trading Will Crash The Stock Markets Items from The Economatrix: Existing U.S. Home Sales Decline As Supply Drops Weekly Jobless Claims Drop Proves To Be Short-Lived Morgan Stanley Posts Loss in Q3 on Debt Valuation Adjustment
Keith Weiner: ‘I Don’t Think The System Can Survive, We’re On The Road Now Where The System Collapses, Everybody Will Be Killed’ Matt H. recommended this 4-minute video (auf Deutsche, but with English subtitles): A Grim But Realistic Prognosis Of What Lies Ahead For The European Union. (Dictatorship ahead?) Items from The Economatrix: Not Just Gas! Check Out The Drastic Price Increases On 21 Everyday Items GE, McDonald’s Give Wall Street A Black Eye On ’87 Crash Date Firm Dollar, Weak Euro Crimp US Industrials’ Sales “Fiscal Cliff” May Be Bigger Than You Think
Egon von Greyerz discusses the current economic situation and the possibility of a new Swiss-minted gold coin as a parallel currency. And here is a related essay by von Greterz, with a chart: Disregard current manipulation of precious metals.) Pierre M. sent: Survey: 40 Percent Of Americans Have $500 Or Less In Savings Milk Seen Surging 15% on Drought-Feed Costs Before Demand Slows. (Thanks to R.B.S. for the link.) Items from The Economatrix: Bet Against Debt Imagine Prices At The Food Store And Gas Pumps Doubling In Days; QE Has Been Devastating For American Households And Now Many Of The …
Kevin S. suggested this article: Concerned Roman Hoarded Gold to Protect Against Hyperinflation at the Outer Reaches of Roman Empire The Washington Times reports: Welfare spending jumps 32% in four years. (Our thanks to B.B. and P.D. who both sent the link.) P.D.’s comment: “As you’ve written before, when the EBT cards stop working, there will be blood.” Dallas Federal Reserve President Richard Fisher recently offered a stunning assessment about our policymaking central bankers down in Washington. They’re winging it. Items from The Economatrix: Why Are Gasoline Prices Suddenly Falling? Iran Renews Cyberattacks on US Banks Moody’s Downgrades World’s Oldest …
AmEx (American Expat) sent this: U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says Reader A.T. suggested this essay by Martin Armstrong: What Destroyed Rome was its Unfunded Government Employee Pensions The Daily Bell reports: Now Mexico Bans Cash. JWR’s Comment: Don’t mistake this new law as part of the so-called war on drugs or the war on terror. Rather, it is plainly a part of the war on privacy and individual liberty. Izzy Friedman: What Now For the Price of Silver?
My husband and I are new to the concept of prepping and self-sufficient living, having just begun the process in the last 30 to 60 days. Our journey when world events began to heat up in the Middle East and we started asking “what if” questions. Our ignorance means that we have a lot of learning, practicing and catching up to do. I am fairly confident that we are not the only ones to slowly become aware of the necessity of preparing. I thought that I would share what we have done to get started in the hopes that this …