Economics and Investing:

James Wesley Rawles February 14, 2009 February 14, 2009

It is noteworthy that spot silver and gold prices have remained fairly solid near their six-month highs, despite the IMF’s saber rattling move of announcing 403 metric ton sale of gold.: This is evidence that wise investors have not been fooled by all the governmental and bankster blustering and that they will continue to shelter more of their assets in tangibles.

“The Other Jim R.”: flagged this must see: video link: ‘Worst economic collapse ever’. (Don’t hold back, Mr. Celente, tell us how you reallllly feel!) For those readers that don’t have a fast Internet connection, Matt B. mentioned that there is a transcript of the interview at the Russia Today web site

Thanks to G.G. for sending this from Wall Street Journal – Europe: We’re Heading Toward a Global Weimar; Things are grim, but he who masters green tech will be a superpower. A key quote: “The global banking system is thus on the brink of bankruptcy. So the worst-case scenario is the most likely scenario: a collapse of the banking system followed by world-wide inflation.”

E.L. suggested listening to An Interview with Ambrose Evans-Pritchard in Don McAlvany’s latest podcast.

MPS in Alabama flagged this New York Times editorial: The Worst-Case Scenario. MPS had this droll comment: “The plot summary of your novel has been appropriated.”

Courtesy of Jeff in Alaska: Large U.S. banks on brink of insolvency, experts say

Larry T. sent this: Revealed: The true horror of everyday life in Zimbabwe

Items from The Economatrix:

US Unemployment Climbs to 32-Year High

Where Do All the Gold ETFs Get Their Bullion?

A Pension Deficit Disorder

Banks Agree to Foreclosure Moratorium

Wave of Bad Debt Swamps Companies

Silence is Golden (The Mogambo Guru)

Doug Casey on 2009: Another Year of Shock and Awe

European Bank Bailout Could Push EU into Crisis

Ireland to Take Control of Banks, While Plans for Fortis are Rebuffed

As Vacant Office Space Grows, So Does Lender’s Crisis