Category: Economics & Investing

Economics and Investing:

Pre-1965 Silver Pocket Change Provides Investors With an Economic Future o o o The Case for Investing in Guns o o o This was posted last month at Zero Hedge: The only real currency if society breaks down is accelerated lead. o o o Graham Summers had some comments on the global currency markets: A Problem So Massive Even Central Banks Cannot Contain It o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.


Letter: Understanding Bank Transaction Reporting in the U.S.

Dear SurvivalBlog Readers: I have noticed over the last few weeks a couple of articles discussing banking and transaction reporting etc. I would recommend (if one is having trouble sleeping at night) that everyone who is interested read the audit manuals for the Bank Secrecy Act (BSA), which includes currency transaction reporting (CTR), suspicious activity reporting (SAR), and monetary instrument logs (MIL). Bank’s are required by law to perform these on all customers based on activity and the bank’s teller system analysis. Most people know about CTRs – deposit or withdraw more than $10,000 in cash – but they do …


Economics and Investing:

Nearly 7 in 10 Americans have less than $1,000 in savings o o o Need a [Home-Based] Business Idea? Here are 55 o o o Hillary Clinton’s planned tax increases o o o Deutsche Bank has another problem: Its ETF business.  (The bank’s stock has dropped from around 30 Euros per share to 12.36 Euros per share, over the past seven months, and meanwhile their funds outflows have been enormous. Collapse of the bank reportedly now appears inevitable.) o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.


Economics and Investing:

China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief o o o Hubert Moolman: Silver Price Forecast: Higher Silver Prices For Many Years To Come o o o Bank of England investigating dramatic overnight fall in pound o o o Gold bounces back from biggest weekly drop this year o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.


Economics and Investing:

Simon Black’s Sovereign Man e-letter reports: “It’s official. The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936. ??That’s an increase of $1,422,827,047,452 over last year’s fiscal year close. ??Incredible. By the way, that debt growth amounts to roughly 7.5% of the entire US economy.” JWR’s Comment: Or look at it this way: The $1.4 Trillion in new debt surpasses all of the debt that the Federal government accumulated inclusively from 1787 to 1979—yes, and all in just one year. In all, in his …


Economics and Investing:

Some quite bad news has come from an oft-cited “tax free” offshore haven: Vanuatu to impose their first ever payroll and income taxes—without any public comment. The plan is for a payroll tax, beginning in 2017, and then an income tax, beginning in 2018. Vanuatuan officials claim that the offsetting revenue generated by these new taxes will allow them to do away with the current rent tax and also to “reduce” import duties. They say that they also “hope” to eventually reduce the hated Value Added Tax (VAT), but they are making no promises. In sum, these new taxes make …


Economics and Investing:

A FOREX update: It is noteworthy that following the recent British Pound plummet, the Swiss Franc just jumped to 98.075 to the Dollar.  It was closer to 96 cents, just a few weeks ago. Methinks that a fairly durable Dollar/CH Franc parity trading range can’t be far off! (Parity was touched once briefly on July 27th.) I now have no regrets whatsoever about having hedged into Swiss Francs back when they cost me around 77 cents each. – JWR o o o Many of the pundits who are bashing candidate Donald Trump’s economic plan seem uninformed. This analysis by Peter …



Economics and Investing:

THE FALLING EROI: Say Goodbye To Military Secret Weapon Boondoggles o o o $30,000 Was Just Stolen From You – B.B. o o o America’s ‘quiet catastrophe’: Millions of idle men – B.B. o o o The Resurrection Of Putin: What It Means For The Oil Markets o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.


Economics and Investing:

A Notable Hidden Force – Will Lehr Interviews Jim Willie o o o U.S. has lost 5 million manufacturing jobs since 2000 – B.B. o o o What goes up must come down! Global debt ‘at record high’: IMF – A.S. o o o MasterCard rolls out Identity Check Mobile biometric payments – B.B. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.


September in Precious Metals, by Steven Cochran of Gainesville Coins

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainseville Coins where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers. What Did Gold Do in September? Gold was pulled out of a 2-month low by the non-farm payrolls report that was substantially under predictions. Prices were slowly worn down as the month went on, until the Federal Reserve FOMC meeting on the 22nd. When the Fed did not raise interest rates, gold jumped $20 an …



Economics and Investing:

WARNING: The Coming Collapse Of U.S Net Worth Will Wipe Out Millions Of Americans – o o o From: Wells Fargo, Re: Closing The Accounts We Secretly Opened For You – DSV o o o Items from Mr. Econocobas: Backlash to World Economic Order Clouds Outlook at IMF Talks – Here is Globalism on the defensive. The world’s economy has been destroyed by globalist policies and now they want to blame the impending recession/depression on others who are rejecting globalism. Video Interview : Is Canada’s Economy on the Verge of a Financial Crisis? – This is a very good interview …


Letter Re: Moving to Alaska

Good Afternoon Hugh, This is a response to the Letter regarding Alaska as a Survival Location. I am sure you are getting piles of letters from people in Alaska who claim many things. We have owned our property in Alaska for eight years. Here are some pointers for being successful in Alaska, which people down in the States don’t seem to understand. Location – Most people think that the only places to relocate to Alaska are in the “mainland” part. We live in Southeast Alaska, which is a rainforest. Water is plentiful here. Getting here is not difficult and the …


Economics and Investing:

Gold Price Reversal o o o Winners Of The Oil Bust: How Much Oil Did China Store? New satellite images suggest that China might be able to store much more crude oil than previously thought o o o Three reasons why the banking system is rigged against you – DSV o o o Deutsche Bank Received a U.S. Bailout Twice as Big as Lehman Brothers – P.M. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.