by Charles Hugh-Smith of OfTwoMinds blog,
If things fail from the periphery to the core, perhaps dominoes fall that way, too.
Wondering which dominoes are next to fall in Europe? Correspondent David P. provides a list based on a simple but powerful precept: follow the smart money. In this case, the smart money entered the at-risk banking sector of a particular nation to skim the fat premium offered by its higher interest rates–rates that [...]
Jan 22, 2013
One thing you don’t want to be during the coming “crunch” — a polite word for “collapse” — is dependent on the system. The more you can take care of yourself, the better off you’ll be physically, financially, emotionally and even spiritually. Here are 20 ways to become more self-sufficient while you still can:
1) Get a small solar system that can be used to run a laptop [...]
Earlier this week Canada announced that they would be phasing out their penny coin. On the heels of the Canadian announcement, U.S. Treasury Secretary, Tim Giethner stated in a press conference today that the U.S. Mint will remove the penny and nickel coins from circulation, starting early in January 2013.
Due to the rising costs of zinc and production related expenses, the U.S. Mint now spends 4.8 cents to make a [...]
With most major markets trending higher, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb told KWN that Israel is prepping for war and one of the key mining indexes should be up ten-fold in the next few years. Here is what Leeb had to say about the situation: “Back in the 1980s I looked at the Dow and the [...]
After an unexpectedly long delay, here it comes: Stivers’ steel-coin bill gets hearing in House.
By Jessica Wehrman
WASHINGTON — Rep. Steve Stivers says the United States will save dollars if it makes pennies and nickels with steel instead of copper, zinc and nickel.
A bill that Stivers introduced last year would ensure that pennies and nickels are made of steel, although pennies would be dipped in copper. Yesterday, the measure received a hearing [...]
By Eric Morath
Treasury Secretary Tim Geithner outlined how his department will find savings, including $286 million in the next fiscal year, by changing the materials that go into coins, replacing paper with electronic communications and consolidating internal agencies.
The effort to find efficiencies is part of a broader effort by the Obama administration to reduce budget deficits by $4 trillion over the next 10 years.
Geithner, in written testimony prepared for the House Committee [...]
Anna Gristina will go back to Rikers Island prison
Former attorney Peter Gleason offered up $2.5m loft as collateral
Prosecutors question ‘murky relationship’ between them
Defense lawyer Gary Greenwald now on the case
She thought she would have been spending tonight in his arms.
But after a judge denied ‘Manhattan Madam’ Anna Gristina bail for the third time today, the only thing she could do was mouth the words ‘I love you’ to her husband [...]
From Economic Policy Journal:
The current nickel is made of 75% copper and 25% nickel. At current metal prices, there is 5.7 cents of metal in a nickel. As price inflation accelerates, I expect the metal value to soar and these nickels to disappear from circulation the same way silver dimes and quarters did in the 1970s.
It is very likely that the U.S. Mint will stop producing the nickel in its [...]
January 18th, 2012
Editor’s note: The following article comes to us via Lew Rockwell and has been graciously contributed by James Rawles, author of Patriots and Survivors, and editor of one of the most resourceful preparedness web sites on the internet – Survival Blog, a daily web journal for prepared individuals living in uncertain times.
As the economic crisis deepens and the US dollar progressively depreciates until its eventual demise, enterprising minds that act ahead of the masses [...]
Some End-of-Year Advice from JWR: The wise old saying is: “Buy low, and sell high.” I recommend that any SurvivalBlog readers that are still invested too heavily in equities take advantage of the current market rally, and sell most of your stocks and any remaining municipal bonds. Take the proceeds and buy into current dip in silver. Take physical delivery, and keep your investment silver well-hidden, at home. (Preferably in a [...]
I’m listening to Michael Lewis’ latest….Boomerang, and I really like the perspective it offers on how different cultures reacted to the credit bubble of the 2002-2007. I was really surprised to learn that the dumbest of the “dumb money” during this period were in fact the German Banks.
For a country that showed such great financial discipline and didn’t participate in the credit bubble in the mid 2000′s, their bankers made [...]
(Bill Koslosky, MD)
BALTIMORE (ABC News Radio) – The U.S. Mint in Philadelphia is a big, noisy, busy operation, capable of minting nearly 2 million presidential dollar coins daily. But most of those coins go into storage, never seeing the light of day. Costing 32 cents apiece to produce, these manganese brass dollars have proven unpopular with a public that prefers paper.
ABC News went to one [...]
The Asian sharks are smelling the aforementioned blood. As of a minute ago, silver has jumped to far above intraday highs and is three nickels away from $30. At the same time gold is flying too, moving well north of the $1,400 barrier, as JPM silver’s short is nothing compared to its gold paper shorts. And if the firm is capitulating on one, it is [...]
Either hang around below deck and rob the private quarters during the mayhem, or try to sneak into a lifeboat dressed up like a woman, or try to manage the profit/loss ratio like a pro and do both.
My bet is to pour 50% of the cash that doesn’t got to pay off credit cards and the grocery store into Stocks for interim gain, and the other 50% into silver coins [...]