Economics & Investing For Preppers

Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on some recent predictions from economist Peter Schiff.

Precious Metals:

The Precious Metals Week in Review — January 26, 2018

Forex:

Commodities:

Moving on to this as Seeking Alpha: Commodities Recap For The Week Of Jan. 26, 2018

Economy and Finance (Peter Schiff Predictions):

Next, from the fine folks at at Zero Hedge: Peter Schiff: “We’re Near The Endgame… And Trump’s Gonna Be The Fall Guy”.  Here is a key quote from Schiff:

“Here’s how it’s gonna go down. So, what’s gonna happen is interest rates are gonna keep rising, commodity prices are gonna keep rising, the dollar’s gonna keep falling, so you’re gonna start to see pick-ups in the official inflation rate. And so, rising consumer prices and rising interest rates are gonna start to be a powerful headwind for the economy because Americans are gonna be spending a lot more money on basic necessities, if they have an adjustable rate mortgage…costs are going up. Credit card debt, auto loans, all this cheap money is gonna be gradually going away and the economy is going to be weakening. And as the economy is weakening, unemployment is gonna start to pick up. Now the Fed is gonna see this. The Fed is gonna see the economy slowing down, and if they continue to raise rates, it will go into recession. Now, that’s better than the alternative.

But, the alternative, if the Federal Reserve decides that they want to prevent a recession or maybe fight off a recession if it happens and they don’t recognize it in time, if they wanna prop up the stock market, then what they have to do is call off the rate hikes.  In fact, I think that they have to go back to zero, they have to launch QE4 in order to keep interest rates from really spiking and to prop up the market, but that will set off a currency crisis. The dollar will plunge, not just make new lows. That will set of an economic crisis that’s far worse than the financial crisis or the recession that we are trying to avoid.”

Global Trade

WestMonster reports: UK government ‘looking to extend Brexit transition period’, denied. “Worrying murmurings about a drawn out extension of effectively EU membership.”

Tangibles Investing:

Lastly: Have you ever considered investing in rare mineral specimens? Here is some good background information: Consider This Before Collecting Minerals. As with all other rarities investing, knowledge is power. Be sure to do your homework before you buy.  Note that this market changed substantially after the collapse of the Soviet Union. A wise investor will anticipate such, ahem, tectonic shifts.

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.

News Tips:

Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!