Category: Economics & Investing

G.G. flagged this: Delaying retirement: 80 is the new 65 Reader AmEx sent this: Taxmageddon: Massive Tax Hikes on the Horizon The chicanery between the Fed and ECB – twin balance sheets near peak levels and many European nations back in recession Items from The Economatrix: Gross Says US Economy Suffering From “Structural” Unemployment (Not “Cyclical”) April Jobs Report: What It All Means US Economy Faces “Fiscal Cliff”:  Fed Officials Warren Buffett’s right-hard man, Charlie Munger doesn’t grok gold: “…Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I …

Mr. Rawles, Gil G. had some very informative information and almost all of his instructions can be transferred to purchasing silver in a local coin shop. I have had nothing but a positive experience with buying “junk” silver on eBay. On two separate occasions, my order was missing some required coins. I had purchased $5 face value (FV) in dimes. In one order, I had only received 49 dimes. I sent an email to the seller and they promptly (within hours) refunded my account with the price of the dime. In another order, one of the 50 dimes was a …

Spain’s poorest region suffers 32% unemployment. (Thanks to Pierre M. for the link.) People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981 Each Child Born Today will Inherit $1.5M of National Debt, Study Shows Items from The Economatrix: Euro-area Unemployment at 15-year High as Slump Deepens Private-sector Hiring Slows In April, Stirs Concern April Turns Weak For Retailers Jobs Report Preview:  Traders Fear Evidence of a Downtrend

B.B. suggested a piece over at Zero Hedge: Hugh Hendry On Europe “You Can’t Make Up How Bad It Is” Also from B.B. came a link to this piece by Monty Pelerin: The Economic Charade is Almost Over. His essay begins: “As we near the end point, the point where the economy collapses, government becomes more desperate to convey the myth of a recovery. Government data have always been suspect because of the political ramifications of a good vs. bad economic report. Fudging the numbers, or at least the ways of measuring various statistics, likely began once government began issuing …

When I put some serious thought into purchasing silver as a hedge against the rapid inflation of the US dollar, I was overwhelmed by the complexity of the task. Go to eBay’s web site and type in the search criterion “junk silver” and you will be slammed with about 2,000+ different auctions on an average day advertising everything from “face value” (FV), to Troy weight and standard weight, to vials of silver flakes and silver jewelry from someone’s estate sale.  A little bit of knowledge goes a long way when it comes to buying precious metals, especially if you’re shopping …

When currency isn’t current: Old $50 bill found real, but not before bearer arrested. SurvivalBlog’s Editor at Large Michael Z. Williamson sent this: Wealthy Americans Queue to Give Up Their Passports C.D.V. suggested this commentary from Jim Powell at Forbes: Obama’s Plan to Seize Control of Our Economy and Our Lives Items from The Economatrix: What if a Collapse Happened and Nobody Noticed? Jobs Growth Seen Rebounding in April Factory Growth Best in 10 Months; Bolsters Outlook Smart Money Banking Big on Gold and Silver to Soar

G.G. flagged this: The Media Won’t Touch this Story About the End of the US Dollar Coincidentally, M.E.W. noted one large paper that just did: How US debt risks dollar doomsday: The US dollar is getting perilously close to losing its status as the world’s reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm. Mac Slavo: What is America’s Economic Breaking Point? Items from The Economatrix: The Illusion of an Economic Recovery Jim Sinclair Has Something to Say US Economy Grows at Tepid 2.2%, Misses Estimates Oil Prices Rise On Improvement In …

Gary S. spotted this: The Next Metal Crisis: Copper The cascading waves of debt implosion – 5 charts looking at debt leverage, velocity of money, and contagion impacts from the European crisis. 25 Horrible Statistics About The U.S. Economy The Daily Bell reports: Austerity Staggers, Germany Blows Up? Items from The Economatrix: Maybe No Housing Rebound For a Generation US Slowdown Intensifies Global Economic Crisis Signs of Slowing Economy Drive S&P Down in April Five Banks Fail in Worst Week Since April 2011

Peter S. sent this prediction of housing market doom: Maybe no housing rebound for a generation: Shiller . In an another interview, he said: We Are in Age of ‘Late Great Depression’ Michael Pollaro: The Bernanke Bust, the why how and when The Results Are In: Conservative States Prosper, While Liberal States Decline. (Thanks to James C. for the link.) G.G. flagged this evidence that the Mother of All Bailouts (MOAB) is far from over: Senate votes to slow closing of post offices Items from The Economatrix: Gold Will Win Money War Derivatives:  The Unregulated Global Casino For Banks Two …

From G.G.: 45% Of Americans Will Probably Run Out Of Money By Their 75th Birthday Failed Illinois Governor Quinn: “Our Rendezvous With Reality Has Arrived”. (Kudos to B.B. for sending the link.) Bryan E. sent this: Congress steering US economy toward a ‘fiscal cliff’ Economy’s Biggest Drag Right Now is Government K.T. sent this: Missouri House Votes for Gold and Silver Tender Graham Summers, by way of Zero Hedge: Spain is About to Enter a Full-Scale Collapse Speaking of Spain, Peter S. sent this: S&P Lowers Spain’s Rating Items from The Economatrix: Sinclair – Shorts Now Trapped & Gold Could …

Sue C. sent us this: Jim Rogers: US Looks Headed for Recession, Stock Crash in 2013 Also from Sue, this Reuters article: Britain in recession, intensifying government woes Jon in Montana spotted this: Detroit Mayor Bing’s proposed budget slashes government services by 50%. Jon asks: “Is this a sign of things to come, across the country?    John Grgurich: Spain is Struggling with its Debt, and You Should be Worried Items from The Economatrix: New IMF Figures Show at Current Rate Central Banks Will Buy Almost 700 Tonnes of Gold this Year Gas Prices Seen Headed Lower at Pump State …

Ambrose Evans-Pritchard: Europe faces Japan syndrome as credit demand implodes C.D.V. liked this Wall Street Journal piece: The Great California Exodus The young and the jobless – Half of bachelor’s degree-holders under the age of 25 are unemployed or underemployed, in the US. Social Security short fall highlights deeper reality of economy. Pierre M. sent this: De Borchgrave: Geneva gnome’s global dread Items from The Economatrix: Russia and Mexico Both Buy Nearly $1 Billion in Gold in March 22 Red Flags that Indicate that Very Serious Doom is Coming For Global Financial Markets What Happens When All the Money Vanishes …

Jim Sinclair: The Implications of China Paying in Gold. (Thanks to K.T. for the link.) G.G. flagged this one: In apparent first, a public pension plan files for bankruptcy. Bram S. spotted this: Doug Casey on Taxes and Freedom Over at Dr. Housing Bubble: The crashing US housing metro areas – Atlanta home values crash by 17 percent in last year and Las Vegas continues to move lower. Chicago, Los Angeles, and San Francisco continue to make post-bubble lows. Items from The Economatrix: Social Security Fund to Run Out in 2035, Trustees Say In an Apparent First, a Public Pension …