Category: Economics & Investing

Kevin K. forwarded this piece by Jim Willie: CME/COMEX Grant JPM Temporary Waiver for Reporting Positions Exceeding Speculative Limits Another nail in the coffin: Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan. (Thanks to G.G. for the link.) Callie sent this: MF’s Lagarde warns global economy threatened Also from Callie: Yuan hits all-time high Items from The Economatrix: Worse Than 2008 Mark Faber:  “I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero Gold The Protector As Democracies Move Towards Totalitarianism Investors Lose Faith In Stocks As Billions Pour Out Of Funds

Today we present another entry for Round 38 of the SurvivalBlog non-fiction writing contest. The prizes for this round include: First Prize: A.) A gift certificate worth $1,000, courtesy of Spec Ops Brand, B.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost $795, and C.) Two cases of Mountain House freeze dried assorted entrees in #10 cans, courtesy of Ready Made Resources. (A $350 value.) D.) A 9-Tray Excalibur Food Dehydrator from Safecastle.com (a $275 …

Mark Faber: “I Am Convinced the Whole Derivatives Market Will Cease to Exist And Will Go to Zero” Alan D. sent this: Fitch Again Warns US Debt Burden Threatens AAA Rating. K.A.F. flagged this: To Survive, Some Biofuels Companies Give Up on Biofuels Items from The Economatrix: MF Global Customer Money Traced To JPMorgan The Shocking Truth About The Pending EU Collapse Ann Barnhardt: Call for General Market Strike Comex:  The March to Irrelevance

Some End-of-Year Advice from JWR: The wise old saying is: “Buy low, and sell high.” I recommend that any SurvivalBlog readers that are still invested too heavily in equities take advantage of the current market rally, and sell most of your stocks and any remaining municipal bonds. Take the proceeds and buy into current dip in silver. Take physical delivery, and keep your investment silver well-hidden, at home. (Preferably in a concealed vault.) Later, as the bull market in precious metals reaches its peak, and as the real estate market bottoms, take your profits from silver and parlay them into …

Larry W. recommended a piece by Ryan Jordan, titled Silver And Survivalism. Eric Sprott: I Think That This Next Decade Will Be The Decade For Silver Prices. A report from California’s Central Valley by Victor Davis Hanson: A Vandalized Valley Items from The Economatrix: Euro Collapse Crisis Sledgehammer Pounds Into Stock Market Santa Rally We Are Witnessing An Historic Bottom In Gold Most Americans Still Have No Idea How Bad The US Economy Is US Asks Banks to Keep More Cash at Hand

G.G. suggested this from James Turk: More Deficits, More Debt Also from G.G.: Are Guns & Ammo The New Gold? Why More Americans Than Ever Before Are Arming Themselves Zero Hedge: Did The Fed Quietly Bail Out A Bank On Tuesday? Items from The Economatrix: The Top 100 Statistics About the Collapse of The Economy That Every American Voter Should Should Know The Harsh Reality is that The EU Has Already Failed If Europe Is Cured, Why Are Central Banks Preparing For Its Collapse? Economy Shedding Debt But Shackled By Pessimism 2012 Economic Outlook:  Countdown To The End Oil Prices …

U.K. stores sell out of reindeer meat. (Thanks to loyal contributor F.G. for the link.) Reader F.B. suggested: The Coming Collapse of Bitcoin? Realtors: We Overcounted Home Sales for Five Years Most American’s Still Have No Idea How Bad the U.S. Economy Is Items from The Economatrix: Why All Signs Point to Chaos Dow Dumps 100 Points; BofA Dips Below $5 Stocks Knocked Down By Weak Banks, Europe Uncertainty US Stock Losses Double on EU Statement

AmEx (American Expat) sent us this: The Silver Rush at MF Global G.G. sent this: Missing $4,155? It Went Into Your Gas Tank This Year   Items from The Economatrix: Global Economic Crisis:  The US an Insolvent and Ungovernable Country IMF Warns that World Risks Sliding Into a “1930’s-Style Slump” Celente’s Trends Prove Accurate; What Will 2012 Bring? Price of Oil to Remain High as OPEC Limits World Production at Oil Price

This may be our last “big dip” buying opportunity for silver: Gold to drop in Q1, far from retesting record high: Reuters poll Thief Injured Attempting to Steal Copper Wire From School. Solar Power becomes cheaper than diesel generators in India. (Thanks to F.J. for the link.) Items from The Economatrix: Pathogenesis of Central Bank Ruin 12 Bullish Factors Driving Gold to $2,000 and Higher Despite Recent Setback Public Confidence in California Falls as Economy Improves The Sacrifices I Made to Survive Sharp Drop in Shopping Since Thanksgiving Weekend Holiday Sales Up, But Returns May Set Record Illinois Debtors Thrown …

It is time to cue up “O Fortuna” from Carl Orff’s Carmina Burana: Fitch says comprehensive solution to eurozone crisis is ‘beyond reach’ – statement in full. (Thanks to Jim McC. for the link.) J.B. sent a new article about Alabama Rate Increases: “These people are going to end up rioting about this.” Norwegian city to adopt The Vilnius Solution to panhandling? ‘Fine people who give beggars money’. Items from The Economatrix: Is The Gold Bull Really Dead? Massive Downward Revisions Imminent:  National Association Of Realtors Miscounted Millions Of Home Sales Over Last Five Years. Europe’s Crisis:  Goldman Warns of …

I warned you that this was coming, folks: Legislation Seeks Steel Cents and Nickels. Stock up on nickels, before the composition changes and you have to start sorting coins! IMF warns that world risks sliding into a 1930s-style slump. (Thanks to C.W. for the link.) G.G. flagged this: China trims holdings of US Treasury debt. Karl G. sent this headline: Texas Drought Takes Cow Numbers Down By 600,000. Items from The Economatrix: For Europe, the Only Way Out is to Break Up The Coming Collapse Might Be Your Final Chance to Legally Buy Physical Gold this Decade Existing Home Sales …