The Coming Economic Collapse, Currency Induced Cost Push Inflation/Hyperinflation, Weimar Germany, Euro Collapse,
Zimbabwe Hyperinflation, Survival in Economic Collapse, World Economic Collapse, Dollar Collapse,
What Would Happen If the Economy Collapsed,The Coming Economic Depression.
Gold and Silver Will Protect Your Wealth.
It sure looks like silver has gotten its mojo back. Let’s not count
our chickens just yet, but January has been a banner month for the
incredibly precious metal. Silver has outperformed just about every
asset class and ETF since the start of the year. At the moment I’m
writing this, Ag is at $32.50 and is up approximately 17% since the
first trading day of 2012… not a bad way to start the year. Governments
worldwide can keep on printing, we’ll just keep on stackin’.
Economic data have been managed for control purposes for centuries.
Aspiring minds not taught to question everything either learn this lesson
quickly or get used the idea of having their pocket’s picked regularly.
Most of today’s economic series time series so badly polluted by
statistical tweaks and techniques that historical comparisons have become
meaningless. Simply follow the money that’s...
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by Simon Black, Sovereign Man: With
over 150 million registered users, the file sharing site MegaUpload.com
is one of the most popular on the Internet. At least, it was.
The site has now been seized by the US government and its homepage
converted to an FBI anti-piracy warning. Its founder, a high tech
entrepreneur named Kim Dotcom (yes, he had it legally changed), was
arrested in New Zealand after his homes were raided and assets seized.
These actions were all at the behest of the US government. And it’s
just the latest example of Big Brother overextending its authority
across the entire world.
Last week, we discussed the grassroots efforts to stop passage of the
SOPA/PIPA legislation that would give the US government jurisdiction
over the Internet. Wikipedia blacked out its English language pages to
raise awareness of the issue, and people went completely nuts. Read More @ SovereignMan.com
by Charles Hugh Smith, ChrisMartenson.com:
A substantial percentage of many households’ net worth is comprised
of the equity in their home. With the beating home prices have taken
since 2007, existing and soon-to-be homeowners are keen to know: Are prices stabilizing? Will they begin to recover from here? Or is the “knife” still falling?
To understand where housing prices are headed, we need to understand
what drives them in the first place: policy, perception, and price
discovery.
In my December 2011 look at housing,
I examined systemic factors such as employment and demographics that
represent ongoing structural impediments to the much-awaited recovery in
housing valuations and sales. This time around, we’re going to consider
policy factors that influence the housing market.
Yesterday while standing in line at our credit union I overheard
another customer at a teller’s window request that her $100,000
Certificate of Deposit (CD) be withdrawn and placed in her checking
account because, she said, “I’m not earning anything.” The woman was
middle-aged and dressed for work in a professional white- collar
environment — a typical member, perhaps, of the vanishing middle class. Read More @ ChrisMartenson.com
America overcomes the debt crisis as Britain
sinks deeper into the swamp … Britain has sunk deeper into debt. Three
years after bubble burst, the UK has barely begun to tackle the crushing
burden left by Gordon Brown. The contrast with the United States is
frankly shocking … The latest report on “Debt and Deleveraging” by the
McKinsey Global Institute shows that total public and private debt in
the UK is still hovering at an all-time high. It has risen from 487pc to
507pc of GDP since the crisis began … The ordeal of belt-tightening
will be grim, dragging out for a generation if Japan is any guide. The
Japanese at least began their post-bubble debacle as the world’s top
creditor nation with a trade super-surplus and a savings rate of 17pc.
Britain has no such buffers. It is a very different picture in the US
where light is emerging at the end of the tunnel. American banks, firms,
and households have been chipping away at their debts, more than
offsetting Washington’s double-digit deficits. The total burden has
dropped to 279pc, down from 295pc at the peak of the boom. Households
have purged roughly a third of the excess, roughly tracking the historic
pattern of post-bubble deleveraging. – UK Telegraph
Dominant Social Theme: The US is really doing well. It only appeared to be doing badly. And President Barack Obama is doing better and better … Free-Market Analysis: Every now and then our
favorite mainstream journo, Ambrose Evans-Pritchard, runs off the
tracks. Evans-Pritchard makes the case (see excerpt above) that Britain
is not recovering from the 2008 financial crisis but that the US is on
the way up. Read More @ TheDailyBell.com
Senator misses flight to Washington after refusing to be groped by federal agents
[Ed. Note:Related.] by Steve Watson, InfoWars.com Kentucky Senator Rand Paul was briefly detained this morning after a standoff incident with TSA officers In Nashville.
In a telephone interview with AP,
Rand Paul confirmed that an “anomaly” on his knee was picked up by a
full body scanner. Paul said he asked for another scan, but the TSA
insisted he submit to a pat down by airport security.
After refusing the pat-down on the grounds that it was an
infringement on his rights and “private property”, Paul said he was then
“detained” in a small cubicle and consequently missed a flight to
Washington for a Senate session. Paul was also due to speak at the March
for Life later today in DC.
Paul also said that the incident highlights how the TSA should not be
“spending so much time with people who wouldn’t attack us.” Read More @ InfoWars.com
by Peter Cooper, SilverSeek: Pop
down to the Old Gold Souk in Deira, part of the modern city of Dubai
and the hottest selling item is a 1kg bar of silver these days.
Karachi Jewellers told ArabianMoney yesterday they are selling 600 to
700 of these $1,300 bars each month with a 4.1 per cent profit margin. More profitable than gold
‘It is far more profitable to trade silver than gold where the margin
is much smaller,’ said director Ejaz Ilyas in a video to be broadcast
on this website tomorrow.
‘We get a lot of passing tourists who buy 1kg silver bars. I was born
in Dubai and spent most of my professional life in London but business
is better here now. Even a modest shop in this souk does well.’ Read More @ SilverSeek.com
from GoldMoney.com: After
recording decent gains at the end of last week, gold and silver prices
have continued rallying higher in trading this morning, as hedge funds’
“risk” appetite increases and more are drawn back into the long side of
stocks and commodities.
Markets appear at last to be digesting the fact that the European
Central Bank is little different from the Federal Reserve or the Bank of
England when it comes to fear of deflation – despite all the media
blather about its supposed Teutonic “hard money” inclinations. Credit
Suisse speculated in recent days that the next “Long-Term Refinancing
Operation” conducted by the ECB will could involve as much as €10
trillion’s worth of loans to eurozone banks, though others are more cautious in their estimates.
Banks pay miniscule interest rate on these three-year loans – the ECB’s
current borrowing rate of 1% – that essentially enables them to
recapitalise, and (it is hoped) continue to invest in European sovereign
debt. Read More @ GoldMoney.com
by Gonzalo Lira: These facts are from the CIA—and they are undisputed:
• Infant mortality rate in the United States: 6.06 per 1,000 live births.
• Infant mortality rate in France: 3.29 per 1,000 live births.
• Average life expectancy in the United States: 78.37 years (75.92 for men, 80.93 for women).
• Average life expectancy in France: 81.19 years (78.20 for men, 84.54 for women).
• Total expenditure on health care in the United States: 16.2% of GDP (2009). Read More @ GonzaloLira.Blogspot.com
by Bill Sardi, LewRockwell.com:
In a household, what would force a family to file for bankruptcy? Of
course, it would be the day when a family couldn’t pay the interest on
their credit cards. Using this example, when would the day of financial
Armageddon occur for the US federal government? Answer: the day it can’t
meet the interest payments on the national debt. Until then, the US
government keeps racking up bills on its imaginary credit card, largely
by borrowing money from foreign countries that do business with the US,
or if these trading partners no longer want to lend the US money in the
form of IOUs (US Treasury Bills), then the US can just print money to
pay for its debts, a counterfeiting privilege a household obviously does
not have.
For some time now, economic prognosticators have predicted a day when
the financial world plunges into an abyss that it cannot save itself
from. Various dooms-dayers have suggested that the public buy precious
metals like gold based upon a predicted but nebulous future day of
financial Armageddon. But over recent decades, people listening to dire
prognostications have been so bombarded that they have become
desensitized to them, given that massive bank runs, an official
devaluation of the dollar and insolvency of the federal government never
occurred. Read More @ LewRockwell.com
In
outlining the case for a good time to buy gold, Sprott Wealth CEO David
Franklin suggests the tide on the yellow metal may have turned with
Europe’s new source of cash. by Kip Keen, MineWeb.com:
The head of Sprott Wealth pushed a simple message on how dedicated it was to staying in gold.
“Until we see real interest rates go positive we won’t see an end to
the gold trade,” said David Franklin, Sprott Wealth CEO, in reference to
the caustic effect inflation has in outpowering otherwise miserly gains
from rock-bottom interest rates.
Franklin made the comment in the opening hours of the Cambridge
International conference in which he outlined what he called the “Sprott
thesis” on gold and silver.
In his presentation Franklin made the case that Europe’s liquidity
crunch was the main driver behind gold’s sinking price in the past few
months. He said, in an effort to alleviate this liquidity crunch, the
European Central Bank ECB lent yellow metal to banks who then sold iton
the markets to raise the very liquidity desperately craved.
That helped drive down the price for gold. Read More @ MineWeb.com
by Justyna Pawlak and Hossein Jaseb, Reuters: (Reuters)
– The European Union banned imports of oil from Iran on Monday and
imposed a number of other economic sanctions, joining the United States
in a new round of measures aimed at deflecting Tehran’s nuclear
development program.
In Iran, one politician responded by renewing a threat to blockade
the Strait of Hormuz, an oil export route vital to the global economy,
and another said Tehran should cut off crude shipments to the EU
immediately.
That might hurt Greece, Italy and other ailing economies which depend
heavily on Iranian oil and, as a result, won as part of the EU
agreement a grace period until July 1 before the embargo takes full
effect. Angry words on either side helped nudge benchmark Brent oil
futures above $110 a barrel on Monday.
A day after a U.S. aircraft carrier, accompanied by a flotilla that
included French and British warships, made a symbolically loaded voyage
into the Gulf in defiance of Iranian hostility, the widely expected EU
sanctions move is likely to set off yet more bellicose rhetoric in an
already tense region. Read More @ Reuters.com
from RT.com:
Tensions in the Gulf could reach a breaking point as a senior Iranian
official said Iran would “definitely” close the Strait of Hormuz if an
EU oil embargo disrupted the export of crude oil, the semi-official Fars
news agency reports.
The announcement came in response to a decision by the European Union on Monday to impose an oil embargo on Iran over the country’s alleged nuclear weapons program. “The pressure of sanctions is designed to try and make sure that Iran takes seriously our request to come to the table,” EU foreign policy chief Catherine Ashton said.
However, with Washington’s decision to deploy a second carrier strike
group in the Gulf, the EU’s attempt to pressure Iran economically could
greatly increase the likelihood of all-out war in the region. Read More @ RT.com
Kentucky Senator Rand Paul was briefly detained this morning after a standoff incident with TSA officers In Nashville.
Pop
down to the Old Gold Souk in Deira, part of the modern city of Dubai
and the hottest selling item is a 1kg bar of silver these days.
After
recording decent gains at the end of last week, gold and silver prices
have continued rallying higher in trading this morning, as hedge funds’
“risk” appetite increases and more are drawn back into the long side of
stocks and commodities.
These facts are from the CIA—and they are undisputed:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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