Here are the latest news 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 SurvivalBlog’s Founder and Senior Editor, JWR. Today, we’ll focus on Family Budgets.
Precious Metals:
Put Gold In Your Bag, Man, But Let Silver Sag, Says Sachs
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GDP Numbers Show Gold Is Learning To Live Without U.S. Dollar: George Gero
Economy & Finance:
At Zero Hedge: $220,000 For Every Man, Woman And Child – America Is Now 72 Trillion Dollars In Debt
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And at Wolf Street: China, Other Emerging Asia Sink World Trade
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Finders keepers? Michigan police say no way after $30K spills on road
Family Budgets:
Track your money with the Free Budget Spreadsheet 2019
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Official USDA Food Plans: Cost of Food at Home at Four Levels
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Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500. A pericope:
“Slightly less higher premiums aren’t what President Obama promised Americans when he ran for office touting his medical overhaul. He specifically said his plan would cut premiums.
“We will start,” Obama said back in 2008, “by reducing premiums by as much as $2,500 per family.”
That $2,500 figure was Obama’s mantra on health care. You can watch the video if you don’t believe it.
And Obama wasn’t talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.
For “people who already have insurance, and the employers who are providing it,” he said at one campaign event, “we will work to lower your premiums by up to $2,500 per family.””
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The True Cost to Travel Full Time in an RV
Cryptos:
Groundbreaking Chase Bank Lawsuit Verdict Could See NY Federal Judge Rule ‘Crypto is Cash’
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Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad
Tangibles Investing:
Hagerty: 2019 Bull Market List: 10 best collector cars to buy this year
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This isn’t news to anyone who has recently shopped for a pickup truck —new or used: Skyrocketing Truck Prices Are Leaving Average Buyers Behind
Provisos:
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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!
72 Trillion in debt.
I owe no man. Any attempt to make me pay ‘my share’ which is in fact zero, will be considered an act of theft regardless of who takes it.
Health care premiums.
The original communism in American health care was the employer mandate shortly after WWII. The government, in the classic fashion of power brokers throughout history, has been promising to fix what they broke for 3 generations now. You’ve been had, again. I pay cash for health care and regularly get 30% to 70% discounts off of the communist government rates. chministries dot org
Theft is a matter of daily business as usual for our current regime.
I couldn’t agree more that gold and silver are certainly a must have, but silver is primed for a major boost at some point I believe since it is currently artificially devalued by the international banking cartels, and most of the silver that has ever been mined has already been consumed by industrial processes.
Its time for folks get away from dependence on the damned plutocracy and get back to producing their own food, power, energy, medicine, and sustainability.
Thats why I really believe and recommend a way to produce power at home, and on the farm, that is very scalable and doesn’t rely on whether the sun is shining, the wind is blowing, and runs essentially on autopilot.
Makes an awesome DIY project, this generator: that a person feels good about, producing more than we use, and putting money back in the hands of real individual Americans instead of the energy cartel. It also has many benefits that cannot be said of solar, even geothermal in some respects. You can find out more here.
http://www.tinyurl.com/libertyatlast
This man knows what he talking about.