Economics and Investing:

J.B.G. mentioned a recent piece by the ever-cheery Ambrose Evans-Pritchard: Fear gauge enters the red zone. Bama Man sent this: Chicago Tower Year’s Largest Muni-Bond Default Rhonda T. sent this sign of the times: Spam Turns Serious and Hormel Turns Out More From The Washington Post: World Market Fall Sharply After Fed Action on Bonds (Thanks to Linda U. for the link.) Items from The Economatrix: Peter Schiff On Obamanomics:  “There Are Not Enough Open Minds In The Capitol To Keep This Ship From Sinking” S&P Downgrades Italian Sovereign Debt Rating; Fear of Contagion Spreads Implosive Fusion of Global Financial …




Economics and Investing:

I’m sure that you saw the many screaming headlines on Thursday, the global markets are melting down, and the pillars of the EU are crumbling. There were two notable oddities amidst Thursday’s panic for those of us that hedge with precious metals: 1.) Spot silver saw a $5 per ounce selloff. This big dip of 12% in one day represents a great opportunity to either convert some of your cash into silver, or ratio trade out of gold into silver. The silver-to-gold ratio now stands at (48.2-to-1.) In just a few years the ratio will likely be 30-to-1, or less. …




Start-up Techniques for Investing in Silver and Gold, by D. V.

Investing in silver and gold is a hedge against potential inflation and monetary devaluation; it is a way to keep high concentrations of wealth portable and off-grid and it can be fun and profitable.   Gold and silver has been a way to grow and preserve wealth since wealth has been defined.   The downside is that silver and gold are expensive and becoming more so, there is a typically a specialized group that you must deal with to see return value and it is not at all edible. I have been a coin collector on and off throughout my life.  As …




Economics and Investing:

Ryan S. sent: IMF downgrades outlook for US and Europe economies J.W.M. spotted this: Florida credit processor to give away AK-47s Paul K. mentioned a recent BBC piece: Anarchy in the USA – could it happen here? Over at The Daily Bell: Advisers Emphasize Calm as Global Depression Gathers More nationalization down in Hugo Land: Venezuela forces miners to sell gold to government Items from The Economatrix: Stocks Plunge After Fed Announces Stimulus Steps $2,000 Gold Now in Sight Big-name Brands Cut Size Not Price Gold Will Soar on Imminent US Bailout of Europe China Pulls The Rug Out From …




Economics and Investing:

I noticed over at The Daily Bell: EU – Britain Wants Out? Rolling Sovereign Debt Defaults and Euro Break-Up Ahead? Veteran content contributor K.A.F. sent this: J.C. Penney to Close Stores, Exit Catalog Business Items from The Economatrix: Stocks Rally On Hopes For Fed Stimulus Measures August Home Building Fell 5%, Slide Continues Oil Rising on Expectations of Fed Stimulus Eight Arrested as Third Day of Wall Street “Rage” Protests Clog NYC Sidewalks




Economics and Investing:

Reader Larry W. recommended this commentary from Howard Gold: Lehman Brothers II crisis is coming soon John R. sent us several links to some recent Zero Hedge articles: Interactive Infographic of the Doomed European Financial System   DSK Says Greece Is Done   Is September 20 Greek Default Day?   Items from The Economatrix: Is China Ready To Pull The Plug? Is Revolution Hitting US Streets Tomorrow? The Economic Collapse – Part 1 Mayor Bloomberg Predicts Riots In The Streets If Economy Does Not Create More Jobs




Economics and Investing:

America’s Poorest States. [JWR Notes: I was surprised to see Montana on the list. Of course up there they are strong on barter and self-sufficiency, and that economic activity simply doesn’t register in dollar terms. A large portion of the population in Montana cuts their own firewood, hunts, and has a vegetable garden. My consulting clients in Montana tell me that lots of transactions are paid for in firewood, shed antlers, and even frozen huckleberries.] Ayn Rand Institute president Yaron Brook the annual Ayn Rand dinner: The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome” Deep …




Economics and Investing:

J.J.H. sent this: US taxpayers could be on hook for Europe bailout Europe’s Response To Geithner’s Advice: “I’d Like To Hear How The United States Will Reduce Its Deficits … And Its Debts”. (Thanks to Jonathan B. for the link.) J.B.G. sent this: Eurozone: A nightmare scenarios. John R. was the first of several readers to mention The Economic Collapse video Part 1 and Part 2. Items from The Economatrix: Dumpster Diving? Geithner:  Economy in “An Early Stage” of Crisis US Poverty Rate Spikes as Incomes Decline Fuel Pump Woes Won’t Go Away




Economics and Investing:

Refinancing Tips: What You Need to Know to Snag Today’s Rock-Bottom Rates Over at The Daily Bell: Biggest Story in the World? … China Faces Hard Landing Michael W. sent this: As prices soar, a new gold rush emerges in the West G.G. flagged this: Latest sign of hardship: Families unable to bury loved ones Items from The Economatrix: Job-Creation Plan Largely Ignores Housing Woes Gas Prices Jump But No Steady Climb Forecast Consumer Prices, Unemployment Claims Rise World Central Banks Flood Market With Dollars




Economics and Investing:

China to ‘liquidate’ US Treasuries, not dollars. (Thanks to G.G. for the link.) This headline was trumpeted over at The Drudge Report: Mortgage default warnings surged in August. Kweku is in a heap ‘o trouble: UBS $2 billion rogue trade suspect held in London. (Also by way of Drudge.) Gerald Celente: “Things Are Going to Get Much Worse…Society Is Breaking Down” JDD flagged this: Trump Accepts Gold Instead of Dollars From Tenant Items from The Economatrix: US Faces Challenges The Fed Can’t Solve Unemployment Facts We Would Rather Not Face US Drops In Ranking of Most Competitive of World Economies …




Economics and Investing:

Jerry P. sent this: Greece, Europe struggle to contain debt crisis Porter Stansberry: Enough Already, Let’s Return To The Gold Standard   Amid Market Turmoil, Gold Stocks Find Heavy Accumulation Willem Weytjens: Gold 1980: Deja Vu?   Items from The Economatrix: International Oil Prices Fall as Demand Eases Fear of Greek Default Hurts Markets in US, Europe Bank of America Cutting 30,000 Jobs The Gold and Silver Precious Metals Tsunami




Economics and Investing:

Some serious gloom and doom from mainstream economic commentator Jim Jubak: Get ready for the next crash Reader John R. sent several interesting items: We’re All Greece – And On Fire – Karl Denninger Europe Facts, Not Fiction: Usage Of ECB Deposit Facility Goes Parabolic, Sov CDS Wider Across The Board – Tyler Durden   The Last Haven Standing (Peter Schiff) Items from The Economatrix: Here We Go Again:  US to Breach “Transitory” Debt Ceiling on Monday Gerald Celente Predicts “Winter of Discontent” Here’s Why Greece Leaving the EU Could Cause Another Depression Economy:  World Entering “Dangerous New Phase” Waking …




Economics and Investing:

Three article links courtesy of loyal content contributor K.A.F.: German minister raises ‘orderly default’ for Greece Greek default jitters hammer French banks, euro Greek tax, customs workers and taxis on strike Rhonda T. flagged this: The Fed’s options are futile without Congress C.D.V. sent this: S&P Could Fall 20%, 2-Year Treasury Hit 0%: Analyst Items from The Economatrix: John Galt:  The September Calendar of Potential Doom and Disaster by Date and Event Commodities Look Set to Rocket Higher Analysis:  Pension Funds in New Crisis as Deficit Hole Grows Regulators Close Small Florida Bank; 2011 Total is 71 World Biggest Economies …




Economics and Investing:

A reader in New Hampshire wrote to ask for my near-term economic predictions. Here they are, in a nutshell: Major turmoil in global credit markets will continue. Greece will require a huge, painful bailout.The credit pool is presently near collapse, and desperate attempts will be made to re-liquify the system. This means Trillions of new dollars, again created out of thin air, by Ben Bernanke’s legerdemain. The job and real estate markets will continue to deteriorate. Taxes and “fees” will be squeezed out of us turnips, by clever new artifices. Currency inflation will become an all to obvious (and popular) …




Economics and Investing:

The game of public debt charades in the District of Criminals (DC) continues: Senate Approves $500 Billion Increase in Borrowing Authority. (Thanks to Chris G. for the link.) Some interesting research by Mac Slavo of SHTFPlan: Banks, Governments Move To Restrict Personal Gold Bullion Purchases Over at The Daily Bell: Fitch May Downgrade China and Japan: Worldwide Depression Draws Closer I found this linked over at The Drudge Report: World Entering ‘Dangerous New Phase’: Lagarde Items from The Economatrix: The Future for Most Americans:  Pathetic Jobs, Bad Debts, and a Lousy Economy Bring Out Your Dead – UBS Quantifies Costs …