Category: Economics & Investing

In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year. Moody’s warns US, Europe countries on rising costs 25 Hard Questions That You Will Not See Asked On CNN, MSNBC Or Fox News. (Thanks to J.D.D. for the link.) More banks and servicers walk away from properties Items from The Economatrix: Gerald Celente:  Internet Nuke Bomb Waiting To Go Off   Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”  Real Silver Highs Stocks Dip After Unemployment Applications Rise   Over 1 …

Greetings Mr. Rawles, While I believe Survivalblog readers are by-and-large sharp gold-buyers as opposed to naive gold-sellers, I thought I would pass along the experience my local bullion dealer had with one of those “We Buy Your Unwanted Gold!” outfits that came to town last weekend. They specifically solicited numismatic coins and of course promised to pay top dollar. Following the normal modus operandi, this company ran full-page ads in the local paper on Saturday and Sunday and rented space to set up shop in a local motel. Add to this the travel, lodging, and salary expenses of their employees …

Reader Joe K. pointed me to piece by Lee Rogers that echoes something that I’ve been recommending for the past three years: Investment Of The Century: U.S. Minted Nickels. John Williams Eyes Gold as Insurance Against Hyper Inflation Armageddon Why Interest Rates Keep Rising, Despite QE2 Steve H. sent this: Smaller corn, soybean crops send prices surging Bailouts Postponed, But Can’t Prevent the “Greatest Depression,” Gerald Celente Says. (Thanks to J.D.D. for the link.) Items from The Economatrix: UK:  Petrol Prices To Hit Six Pounds A Gallon   “Our Savings Have Vanished – We’ve Lost Everything”  EMU Debt Crisis Edges …

Inflation Flies Up, Up, And Away   Downsized! More and More Products Lose Weight News from India: Onion prices make Mumbai investors teary-eyed. “Vegetable prices jumped 16% in the week to Dec. 25 from the preceding week and were up about 60% from the comparable week last year. Onion prices, meanwhile, soared 23% week-on-week and were up a staggering 82% from a year earlier.”   Super Big Gulp fan says 7-Eleven duping the public out of 4 ounces JPMorgan: Surging Food Prices Fueling Global Inflation

Debt Default Fears Will Spread To US and Japan, Warns Citigroup   Deepening Crisis Traps America’s Have-Nots   Prepare for a Greek Default     Brett G. suggested this piece: JPMorgan’s Dimon: More Cities Will Go Bankrupt John R. liked this one: The New Financial World Order Evolves Further Also from John: Here’s That Big Citigroup Report On Why Absolutely No Sovereign Debt Is Safe Items from The Economatrix: How The Government Spins Unemployment (Paul Craig Roberts) Fed Prints Another $600 Billion to Keep US Recovery on Track   Oil Surges on Offshore Drilling Report   Housing Market Slips Into …

Frequent content contributor B.B. spotted this: Offshore Gold Rush: AngloGold, De Beers hunt gold under Atlantic Eric Rosenbaum asks: Should the US Raise Its Debt Ceiling… or Default? The piece includes this: “Treasury Secretary Timothy Geithner this week found himself in the unenviable position of representing the US government in the role of a delinquent credit card customer asking for a higher credit limit. In place of that line on a credit card account statement that reads ‘available credit’ insert ‘national debt ceiling.’” (Thanks to reader C.D.V. for the link.) G.G. sent this: Bank intervention as euro debt crisis deepens …

John R. pointed us to a piece by Mike Whitney: Printing a Recovery. While our politics don’t always mesh, I’m in full agreement with Whitney on the re-animation of the credit bubble. Also from John R., a piece over at Lew Rockwell’s site by Terry Coxon: The Long Swim – How the Fed Could Become Insolvent Silver Demand Surges Six-Fold in India and World’s Richest Man Enters the Silver Market B.B. recommended a well-produced video from Gold Core: GoldNomics – Cash or Gold Bullion Reader B.J.G. flagged this item: Brazil Threatens Trade War Against US, China John S. sent this: …

Richard Duncan: A Catastrophic Global Economic Breakdown May Be Unavoidable! Reader P.D. sent an article that is surprising to see from a mainstream media outlet like Reuters: Economists foretell of U.S. decline, China’s ascension Over at The Daily Bell: Peter Schiff on Why the American Economy Is Broken – and What to Do About It SurvivalBlog’s Editor at Large Michael Z. Williamson mentioned this article at The Atlantic: How The Recession Changed Us. JWR Adds: Their use of simplistic “sand pile” graphs is disingenuous. They make the recession look like a discrete post facto event. It isn’t! Traditional linear or …

T.&.P. sent this item: Legislation proposes Utah adopt a gold-based system. Similar legislation has been introduced in several other states. Blame the U.S. Mint for Lack of Silver, Don’t Blame Customers (Thanks to Alec N. for the link.) Reader M.E. sent this: Seven Reasons Food Shortages Will Become a Global Crisis Richard S. recommended this piece at the Economania blog: UK Preppers. Siggy like this one: America’s 10 worst years start right now Items from The Economatrix: Regulators Close Florida Bank; 1st For The Year   Slow Growth In Jobs Shows Challenge Ahead    Bernanke:  4-5 Years To Reach Normal …

World Bank to Manage Food Supplies? John R. recommended a Forbes article by Daniel Oliver Jr.: Soon The Economic Deluge: With the dollar in freefall, the monetary system is breaking down. Items from The Economatrix: The New Gold Rush   What are They Up To?   Good-bye US Dollar: World Bank Issues First Yuan Bonds in Hong Kong In The Future You May Not Be Able to Provide the Basics for Your Family Even if Everyone in Your Family Has a Job  

Steve K. recommended a YouTube video that includes clips from the 1981 movie Rollover. Charles Hugh Smith: The Big, Continuing Stories That Could Derail 2011 Recession turns to depression in Japan. Karl Denninger: Here Come The “Tanks In The Streets” Threats! Items from The Economatrix: Reasons Why 2011 Is Going To Be Another Bad Year For America’s Middle Class   29% of Americans Say it’s Difficult to Afford Food   Fed: Economy Still Weak Despite Improvements Private-Payroll Report Lifts Hopes For More Jobs   Jump In Hiring Sends Bonds Lower And Stocks Higher   Numismatic’s Are Fool’s Gold     

Prescott sent us: Inflation Jumps in Europe News from England: Eco-bulb cost to treble: Makers cash in as the ban on old-style bulbs kicks in World food prices at fresh high, says UN Forecasters’ prediction for oil prices in 2011: Up, up, up As food costs rise, retailers keep prices stable by shrinking package sizes, quantities

This article in Barron’s hardly comes as a news flash to SurvivalBlog readers: Barron’s: US Will See Run on Treasurys, Hyperinflation John R. suggested these two related articles: Pressure builds on Spain’s banks; Are credit markets predicting a bank run in Spain?, and 2011: Year of the bank run? R.D.F. sent this news of Nonsensical Nanny State Nosiness from California: Police issue warning about buying and selling gold. They must be referring to some local anti-fenced goods law. R.D.F.’s comment: “This is the latest example of Big Brother trying to outlaw and control those who refute paper money and worthless coin currency.” …