This set of charts says it all: The day of reckoning for global total debt – total credit market debt up from $28 trillion in 2001 to $53 trillion in 2012. Bob L. sent this: Richard Russell – A Bitter Pill to Swallow, Austerity or Inflation Items from The Economatrix: True UK Jobless “6.3 Million” Jim Sinclair: The Lonely Road We Take Together “Poor America” – How The Broke Are Surviving Mortgage Settlement Will Plunge Real Estate Values
The last few years have seen the development of an interesting legal mechanism called the gun trust. Gun trusts use estate planning law to deal with, and in some cases legally circumvent, arcane and restrictive federal laws that regulate the use and possession of certain types of firearms. These federal statutes make up the National Firearms Act (NFA), a series of laws that require registration of guns such as machine guns, short barreled rifles and shotguns, and sound suppressors (aka silencers). They are often referred to as Title 2 weapons because they are regulated under Title 2 of the 1968 …
Adam B. sent: An agency-by-agency guide to Obama’s budget. JWR’s Comment: That doesn’t look like much “deficit slashing”, to me! By way of Ol’ Remus at The Woodpile Report comes a link to some food for thought by Charles Hugh Smith: Why Is Gasoline Consumption Tanking? Why I’m Taking Gold Double-Eagles On My Next Trip To Utah Over at The Daily Bell: Now EU Kicking Spain Out of EU? Items from The Economatrix: There’s Talk of an Exit – But Default Would Have Catastrophic Consequences Japanese Economy Shrank in Fourth Quarter The Economy Relies on the Suspension of Disbelief Greece …
It is coming soon, folks! Obama: Let’s Save Money by Making Coins with Cheaper Metals G.G. flagged this: On the Dole: A fifth of all Americans Moody’s Cuts European Sovereigns Feds shut down Amish farm for selling fresh milk. (Thanks to Michael W. for the link.) Items from The Economatrix: Tail Events, Isolation, New Normal Oil Falls Toward $100 Ahead of US Supply Data Greece Faces Further Obstacles in Bailout Deal US Market Shakes Off Greek Worries and Advances
James, I am trying to facilitate my move to the American Redoubt area and am planning some income sources. I make knives, holsters, and pouches for other accessories but I am looking to expand what I can offer to help support my family when we move. My question is for you as well as anyone else you know in that area. I am an avid reloader and was wondering what the ammo options are like in the American Redoubt region. I’m curious about local places that offer a decent selection at a good price. From a few years of experience …
K.P. sent this infographic article: All The World’s Gold Peak Everything — Why Everything Costs More. (Thanks to Michael W. for the link.) Diana sent us this: Warren Buffett Trashes Gold, But What About Silver? Items from The Economatrix: Greek Death Spiral Accelerates Trade Deficit Widens To $48.8 Billion In December S&P Lowers Ratings On 34 Italian Banks Gold Drops As Greece Delay Lifts Dollar
John Williams of Shadow Stats says: “This is end of the world type stuff”. He recommends stocking up on barter items. A bunch of links, all courtesy of Kevin S.: Presenting The (Only) Four Outcomes To The Global Public Debt Crisis On The Failure Of Inflation Targeting, The Hubris Of Central Planning, The “Lost Pilot” Effect, And Economist Idiocy A National Debt Of $14 Trillion? Try $211 Trillion US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling Items from The Economatrix: Why Is Global Shipping Slowing Down So Dramatically? The …
G.G. flagged this: Obama’s Budget Puts 2012 Deficit at $1.33 Trillion. Courtesy of Kevin S.: Straight Talk with Tyler Durden: The U.S. Is Free-Falling Into Bankruptcy Items from The Economatrix: Bad Home Loans Top $72 Billion In “Colossal Failure” Mortgage Giants To Pay $25 Billion In Foreclosure Settlement S&P Threatens US With Another Downgrade Possible Next Debt Bomb: Student Debt Pushing More People Towards Bankruptcy
Washington Footing the $1.6 Billion Cell Phone Bill for Millions of Low Income Americans Chris Martenson: Why Our Currency Will Fail If The Euro Breaks Up — Scenarios For Greece, PIIGS And Total Collapse. (Thanks to F.B. for the link.) Reader Andrew M. mentioned the latest edition of KGS Night Watch newsletter that discusses possible economic collapse in Iran Items from The Economatrix: G.G. flagged an interesting article from the blogosphere that originated in Switzerland: On Banknotes. B.B. sent this: Food Prices Rose Most in 11 Months, May Climb in February Bernanke: Recovery Depends On Consumer Spending 10 Things Every …
More Quantitative Easing monetization, in England: BoE Injects $79.3 Billion More to Support Recovery Yes, debasement is coming for nickels: U.S. Mint exploring alternative metal options. Stockpile some nickels at face value now, before the composition change! (If you wait, then you will have to laboriously sort coins.) An eye-opening YouTube video on the housing crash: Folsom California On The Brink Jim Rickards: “Chaos” To Dollar Endgame “Most Likely” Items from The Economatrix: Greek Talks Falter / Sprott Offering Memorandum / Jobs Report Analysis Bernanke: Job Market Remains Weak Despite Gains Consumer Borrowing Rose $19.3 Billion in December Dow Approaches …
For the “I Told You So” file: Romanian government collapses amid public outrage over austerity. (Thanks to B.B. for the link.) California, New York might sign on to MERS settlement Dawn S. suggested a piece with a fascinating animated stock volatility chart over at Zero Hedge: Presenting The “Rise Of The HFT Machine” – Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Pennies: Where are they all going? (A hat tip to Diana S. for the link.) G.G. suggested this National Review article on commercial real estate: Armageddon at the Strip Mall Items from The Economatrix: …
Allow me to take a moment to introduce myself (at least the self that existed prior to November 2010, when I started becoming a “prepper”). I am a successful financial planner, married to a CEO of a mid-size manufacturing company. We love our dogs, give to charity, and believe in God and Country…in other words, I am just like your friends who can not understand why on earth you spend so much time and effort preparing for TEOTWAWKI or SHTF events. I had a kind of naïve, blind faith that all Republicans were Good and most Democrats were Stupid. I …
Gold is the Gut Reaction, Silver is the Smart Decision U.S. States Prepare For Hyperinflation Reader Sue C. suggested this piece by Rick Moran: Greece on the brink. No, really – this time for sure Items from The Economatrix: Oil Below $97 as Traders Eye Greek Debt Talks The Financial Crisis of 2008 Was Just the Warm-up Act for the Economic Horror Show That is Coming Markets, Murmurations, and Machines Gold Rises to Two-Month High, Eyes US Payrolls
James, I thought Barter, Post-TEOTWAWKI: The Micro Store by A.A.A.[posted on December 22, 2011 that was recently awarded First Place in the blog’s writing contest] was a great article. I loved it and I was very appreciative. I’ve spent a little time thinking of the same thing and have a couple of notes to add: Regarding coffee, it might be a good idea to buy a supply of black tea which is cheaper, still has caffeine-like effect, and can be sold by the packet. On tobacco, instead of cigarette cases, I think it could be more economical to …
G.G. flagged this: Under Twist, The Fed Has Purchased 91% Of All Gross Issuance In Long-Dated US Treasurys Sicily Pitchfork Movement in Revolt – Western Media Blackout Hunkering down, or just a lifestyle change? Jim Cameron family “intend to reside indefinitely in New Zealand and acquiring property to operate as a working farm. (Thanks to N.V.T. for the link.) And from B.B. a link to another Zero Hedge piece: Greece Warns It Will Soon Be In “Condition Of Absolute Poverty” Items from The Economatrix: Silver and the Shift To Measuring Wealth in Ounces Instead of Dollars Hiring Surges in January; …