Category: Economics & Investing

B.B. mentioned a piece by Charles Hugh Smith: The Coming Collapse of the Real Estate Market Siggy sent: The Case for America’s Future by Gary North SurvivalBlog’s Editor at Large Michael Z. Williamson notes that the oft-cited animated recession map was updated again last week. This is really looking grim. More FDIC Friday Follies: Three more banks bit the dust on Friday. This time the announcement was two banks in Missouri and one in Kansas. Items from The Economatrix: K.A.F. flagged this: US Cities Face Half a Trillion Dollars of Pension Deficits Dollar Keeps Falling As Investors Await Fed Action …

From the NIA: Inflation to Make All Americans Billionaires By 2020 Bernanke Sees Case for `Further Action’ With Too-Low Inflation Peter Schiff: “It’s Scary How Clueless Bernanke Is” Veteran economic observer Howard J. Ruff chimes in on inflation.

Susan H. sent this: The Real Horror Story: The U.S. Economic Meltdown Swiss Finish Sets New Standard for Global Bank Regulation Run over by the Grain Train Bernanke sees case for more Fed easing G.G. sent this: Dollar fall sparks stability warnings From K.A.F.: How High Will Corn Prices Go Before Usage is Rationed? Items from The Economatrix: Debt Market Strips US of Triple A Rating No Shock: 85% Angry About The Economy Expiration of Bush Tax Cuts: How Will It Affect You?

K.A.F. sent us this: Financial regulators planning worldwide rules for large firms Jim Rogers advises silver, tractors, and rice. (Thanks to B.B. for the link.) J.D.D. flagged this: Drowning Homeowners Face ‘Tsunami‘ Damon S. forwarded this PDF link: Optometrists encouraged to barter. Items from The Economatrix: How to Prepare for the Bond Market Bust Securitized Mortgage Debt: The Shot That Will Kill Many Financial Entities Currency Wars: The Phantom Financial Menace Gold Versus Treasuries: Which Do You Believe? $5,000 Gold = $100-$350 Silver — Here’s Why The Fed’s Zero-Rate Policy is Destroying America Recession Job Losses Worse Than First Thought

RBS mentioned the Foreclosure Rate Heat Map Gerald W. spotted this piece that confirms what SurvivalBlog readers heard several months ago: Government Prepares To Seize Private Pensions From G.G.: One third of Britons don’t have enough savings to survive just Five Days out of work Items from The Economatrix: Banking Collapse Scenarios Fall/Winter 2010 Why You (Probably) Need More Gold Pay Garnishments Rise as Debtors Fall Behind US Housing Market Faces New Threat from Foreclosure Row World Financial System Not Sustainable Dollar Depreciation and the Higher Cost of Living Earnings Reports Push Stocks Higher, Dow Up 76 Wall Street Begins …

Loyal content contributor Susan H. sent us this: More Bad News: 10 Things You Should Know About The Latest Economic Numbers Paul Craig Roberts: America’s Third World Economy. (Thanks to Siggy for the link.) K.T. sent this: Seven Cities About to Sink. Courtesy of KAF: Fed Undaunted by Uncertain Prospects for Money Printing Also from KAF: China Currency Reserves May Hit $2.5 Trillion, Stoking Tensions. Sue C. highlighted this piece of commentary: Three Weeks That Will Rock Wall Street. Items from The Economatrix: Gold, Get It While You Can US Consumer Debt Deleveraging = Commercial Real Estate Market Collapse No …

Sir, First, from one veteran to another, let me thank you, like so many others, for this outstanding blog. I would like to share my experiences with my like-minded brothers and sisters in the hopes that they too can fill their coffers of coins and silver bullion for free or pretty darn close to it. We most certainly all know the importance of tangible assets at this critical juncture in our Nation’s history. But with upward trend of gold and silver as of late, who wants to pay $23 or more for one ounce of silver? Not me. So I …

Reader Bill R. liked this piece by Brett Arends: The Great Mortgage Mystery. The article begins: “The big question from the mortgage meltdown isn’t why so many distressed homeowners are defaulting on their loans. It’s why any of them are still making payments.” Oh, and FYI, here is a list of non recourse (“mortgage walkaway”) states. 27 Signs That The Standard Of Living For America’s Middle Class Is Dropping Like A Rock Siggy recommend this white paper from QB Asset Management: Who is John Galt? Susan H. sent this: The 19 Countries Most Likely to Default: Ireland Surges Higher Frightening …

Harold Bradley warns: Far More Derivative Exposure Today Than Two Years Ago. He talks about “terrifying” risks. More about derivatives, and some immediate, huge, repercussions: Tavakoli: Biggest Fraud in the History of the Capital Markets California budget means lean times for the state – 5 reasons why the California economy will lag for years to come. High paying jobs gone, shadow inventory, state taxes, and re-writing history. Have you noticed that the melt value of a lowly Nickel (U.S. Five Cent piece) is now worth more than 120% of face value? It is not too late to stock up, while …

Several readers sent this: Prospects for US Economy Either “Fairly Bad”or “Very Bad” Warns Goldman, Sachs Siggy sent this: Silent Crash: Dow Continues Slide vs. Gold So much for the “buy and hold” strategy: Another prediction that California metro area price peaks won’t return until 2025 I’m adding this blog to my blog roll: Free Market Economics In A Story US Is ‘Practically Owned’ by China: Analyst Items from The Economatrix: IMF Sees Higher Deflation Risk; Fed Mulls More Aid IMF Sees Global Economy Gaining, US Growth Slowing Midnight Grocery Runs Capture Economic Desperation Jobs Crisis Extends to Unemployed, Lawmakers …

Market Ticker notes Uh, Wee Problem Here On Grains… Fed Officials Mull Inflation as a Fix Breakfast Prices are on the Rise Mr. Benson confirms the suspicion that the CPI is a manipulation of numbers. (Thanks to Ty for the link.) An Inflationary Cocktail in the Making Deflation? Both Fedex and UPS are raising their rates. Several readers sent me this: This is Starting to Get Very Real: Agricultural Commodity Prices Have Exploded and Now the Price of Food is Beginning to Rise. Japan faces food pressure from China Coffee Prices – percolating up!

p>KAF sent this: Illinois Pays More Than Mexico as Cash-Strapped States Sell Bonds Overseas For the How Gullible Do They Think We Are? Department: As bailout program expires, Treasury drops price tag to $50 billion and highlights successes. (Thanks to Chad S. for the link.) Florida Congressman Alan Grayson Documents Foreclosure Fraud K. in Montana recommended this: Lear Capital: Origin of Gold vs. Silver Ratio. Chris Martenson recently posted Prediction: Things Will Unravel Faster Than You Think The Incredible Two-Day Jump in US Treasure Debt (The Mogambo Guru) Items from The Economatrix: Weak Economy Has Nations Waging Currency War Consumers …

Watch the US Dollar Index. As I’ve mentioned before, 72 is he threshold to watch for. Below that, there could be huge currency trading turmoil, and formal devaluations. Reader Richard H. sent us this ominous article: Financial stability set back by debt woes: IMF. Here is a quote: “However, the fund said banks had made less progress in dealing with near-term funding pressures — nearly $4 trillion of bank debt needs to be refinanced in the next 24 months. ‘Overall, bank balance sheets need to be further bolstered to ensure financial stability against funding shocks and to prevent adverse feedback …

Jon M. sent this: Banks’ $4 trillion debts are ‘Achilles’ heel of the economic recovery’, warns IMF. IMF admits that the West is stuck in near depression Gary Shilling: Here’s Why House Prices Will Now Drop Another 20%. (Thanks to Zo for the link.) S.M. spotted this: Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster U.S. Yields Will `Surge’ as Fed Increases Debt Purchases, Diam Forecasts. (Thanks to Susan H. for that link.) They used to call this nonsense “debt monetization” or more bluntly “monetary inflation”. But now they give it the saccharine-coated moniker …