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’s focus is on the Electrolux departure from Memphis. (See the Economy & Finance section.) Pictured is the storefront of an Electrolux dealer, more than five decades ago.
Precious Metals:
Mark Lundeen; Market Update For Early February 2019
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Gold falls as stocks gain on strong U.S. data, dollar firms
Economy & Finance (Electrolux):
At Wolf Street: Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months?
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Terry sent us this: Electrolux of Memphis, which Took More Than $100 Million in Corporate Welfare, Calls it Quits. Terry’s Comments:
“It’s a no-brainer. My guess is that Electrolux took the bait, realized what they were dealing with, and left. Krogers, a major food retailer, did much the same a year or two ago – they simply refused to deal with the rampant crime anymore, so Memphis is now on the path of becoming a food “desert” as far as that’s concerned….Memphizuela perhaps. Nashville is on the cusp. Knoxville and Chattanooga are taking note.
Best to isolate that cr*phole and let it burn itself out, just like they need to do with virtually every large metropolitan area like Detroit, Baltimore, St. Louis, Chicago, Houston, Miami, Atlanta, Los Angeles, New Orleans, Birmingham, Buffalo, Cleveland, Richmond…you name it. There are exceptions, but they only prove the rule: urban = blight
Smart move might to begin plotting the urban area main channels of communication – ingress and egress – plan accordingly, especially if you’re stuck there – plan, plan, plan: primary, alternate, backup, and contingency.
As soon as the EBT switch is thrown, deliberate or consequent, it doesn’t matter which, Schumer will hit the Fan, and there will be a domino effect, just like the 1968 riots.
Rural areas will be fine IF they prepare, urban will implode, regardless – fallout is the concern. Build local resilience for food, water, medical, security, comms, and fuel – think about disease vectors and corpse disposal. What is your community-level susceptibility and vulnerability (for you dumb asses out there, the two are different.) What is the fire fighting capability, EMT’s, hospital carrying capacity, emergency powers – who’s your local sheriff and county commission members? Do you know them and do they know you?”
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The National Debt Math Doesn’t Add Up
Continue reading“Economics & Investing For Preppers”