Category: Economics & Investing

There isn’t any new news here, other than a growing recognition of the forthcoming pension crisis at many levels (city, county, state, federal). Pension disappointment: National solutions to a global problem (Note: requires membership to view link.) – P.S. o o o Is Elon Musk Taking Advantage Of Solar City Investors? Elon Musk recently purchased $65 million of SolarCity debt, a decision that may disturb shareholders in SolarCity and Tesla, who see the investment as a warning sign. o o o Hanjin Shipping goes down. Global Supply Chains Paralyzed After World’s 7th Largest Container Shipper Files Bankruptcy, Assets Frozen – …

Major Bank Official: Banks Are “Preparing for an Economic Nuclear Winter” – J.C. o o o When Are People Going To Figure It Out? It doesn’t matter what the Fed does, says Peter Schiff. o o o Norway Raids Sovereign Wealth Fund To Cover Government Expenses o o o Germans “Lose Faith In Banks”, Rush To Buy Safes o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

What Life Will Be Like After An Economic Collapse – G.G. o o o How US States Can Pave the Way for Greater Use of Sound Money o o o Powers That Be Desperately Trying To Keep Confidence Alive In Failing Fiat System o o o Late-August Calm A Breeding Ground For Bullion Bank Shenanigans o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

The Royal Bank of Scotland becomes the first bank to set negative interest rates. – G.G. o o o “I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing o o o Items from Mr. Econocobas: Global Central Bankers, Stuck at Zero, Unite in Plea for Help from Governments – You have to read between some lines here, but what I read is Helicopter drops of money in some form will be needed and we have to make sure people understand what they have been doing to us is giving …

The sinister side of cash. Here comes the propaganda machine to attempt to take us to a cashless society. Why be concerned? Imagine a system where everything is cashless. You cannot do anything if the system is down for any reason. Moreover, who is to say that they cannot arbitrarily decide to restate the value of the number of “units” in your account(s)? – P.S. o o o Jim Rickards: “There Will Be A War On Gold” o o o GOLD & DEBT: The 1929 Great Depression vs The Next Great Collapse – It is truly amazing the amount of …

Marc Faber: S&P is Set to Crash 50%, Giving Back 5 Years of Gains – H.L. o o o “Things Are Worse” – Dollar Stores’ Startling Admission: Half Of US Consumers Are In Dire Straits – G.M. o o o Gold Prices And Miners Are Dropping, As Expected o o o The Woodbury Banking Company Closed by Regulators – G.G. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Most Millennials Have Less Than $1,000 In Savings, Live Paycheck-to-Paycheck – G.G. o o o Federal Debt to Hit $28.2 Trillion Over Next Decade – B.B. o o o UBS: U.S. Stocks Could Enter a Bear Market This Year – D.M. o o o Can The Various Pension And Benefit Ponzis Survive The Coming Wave Of Baby Boomer Retirements? – R.G. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Can The Various Pension And Benefit Ponzis Survive The Coming Wave Of Baby Boomer Retirements? – H.L. o o o Four more mega-banks join the anti-dollar alliance – G.S. o o o The US National Debt Load is Second-Worst in the World – M.N. o o o Viktor Shvets: ‘The Private Sector Will Never Recover’ – C.F. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Barack Obama may have finally destroyed America’s #1 advantage o o o China Plans To Slash Crude Demand By 250,000 Bpd o o o Scottish economy to see 2-11 billion pounds Brexit hit, government says o o o Sweden Warns U.K. Against Aggressive Tax Cuts Amid Brexit Talks o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Gold Demand To See Boost From Indian Wedding Season o o o The ultimate breakdown likely to be surprising, sudden, intense, and large o o o A sure sign of a sick political economy appears in Illinois – Connecticut is not far behind. A state “death spiral”: high taxes drive out business and people, causing more tax increases, an underfunded State pension plan (CT is only funded 45%), and so it goes! – H.L. o o o Items from Mr. Econocobas: The Marginal Buyer Holds The Pin That Pops Every Asset Bubble o o o SurvivalBlog and its editors are …

The Bank of England Turns to More Easy Money o o o The Panic That Will Be A Game-Changer For World Financial Markets o o o Summary Of Recent Fed Statements: Spot The Common Theme o o o Don’t Try to Buy Dollars in Azerbaijan’s Capital – There are none to be had! o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Gold Price Will Go High As Hyperinflation Is Nigh o o o Socialism: The World’s Greatest Generator of Poverty o o o Irrational Exuberance Is Back… And Even The Fed Is Worried (Note: Link requires a membership to read. You can read a reprint of it on Zero Hedge.) o o o Investor Complacency Is Smashing Records o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Texas State Gold Depository Another Step Closer To Reality. Excerpt: “The creation of a state gold depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Fed.” – Submitted by H.L. o o o The Federal Reserve’s Cycle of Monetary Insanity (and Treason) Excerpt: “The Federal Reserve is a collection of malicious, serial liars, engaging in economic treason.” o o o Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month – “The Market Is Devastated” – H.L. o o o One Simple …

Maloney Calls It: Recession Here Now o o o Oil Prices Continue To Rise On Hollow Saudi Comments. Saudi rhetoric has been an integral part of the move in oil prices over the last days, but most of this has been panic buying with total disregard to fundamentals o o o World stock markets climb on labor data, oil gains o o o Inflation: It’s a Wealth Redistribution Scheme o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

World seeing ‘greatest monetary policy experiment in history’. Excerpt: “The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale,” – Link sent in by P.S. o o o Silver Takes A Dip On Hawkish Fed Meeting Minutes o o o Is The Oil Production Efficiency Boom …