Friday, September 4th, 2015

Archive for February, 2011

Robbers Make Off with $750,000 in Silver Bars

Friday, February 25th, 2011

The 52-year-old victim is still traumatized after burglars intruded into his house where he had stored his life savings in silver bars. Based on the current silver price at the New York Comex, the silver was valued at about US$750,000.

Bahrain Government, Military Open Fire On Peaceful Protestors – Dozens Dead

Friday, February 18th, 2011

As peaceful demonstrators protest in Bahrain, the military has been given orders to open fire.

Precious Metals Surge on Higher than Expected UK Inflation

Tuesday, February 15th, 2011

Silver and particularly gold rose sharply on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets.

Inflation, Hyperinflation and Real Estate

Tuesday, February 15th, 2011

Most people in the advanced economies—including most economists—really don’t have any idea what inflation and hyperinflation is. They don’t have a clue because they haven’t lived through it, or were children when it happened in the States and in Europe during the Seventies.

Expatriating? Move Fast Before Capital Controls Take a Bite Out of Your Assets

Friday, February 11th, 2011

In the US, I think retirement accounts will be the first to go. They’re the easiest to grab because most people hold their retirement accounts domestically with a large financial institution that will happily sell every customer down the river when the government comes calling.

White House to Cut Energy Assistance for the Poor, While Spending Billions to Bail Out Corps

Thursday, February 10th, 2011

President Obama’s proposed 2012 budget will cut several billion dollars from the government’s energy assistance fund for poor people, officials briefed on the subject.

A Storm is a Comin’

Thursday, February 10th, 2011

Throughout history Reigning empires (aka Superpowers) that are economically faltering, either collapse outright (i.e. the Soviet Union) or they go to war (10,000 years of history verifies that). All of the ‘state isms” that are now primarily controlled by global corporate entities, which I’ll remind the unacquainted -are economic machines driven towards short term profit and have no regard for anything that impedes them from attaining their objectives.

‘Rich’ People Defaulting On Homes At a Higher Rate Than Average

Thursday, February 10th, 2011

One in seven homeowners with loans over $1 million are seriously delinquent compared to one in 12 with mortgages below $1 million. The more you owe, it seems, the better off you may be. Darren Thomas continues to live in his home because banks are often slower to foreclose on million-dollar homes.

The Great Global Debt Prison

Thursday, February 10th, 2011

Our economy, our culture, our entire world, is built upon debt. No one ever asked us if that’s how we wanted it, it is simply how the system was designed when we came into it. Many of us have lived our entire lives under the assumption that debt is a necessary function of daily commerce and a valuable driver of successful society.

“Get Ready For Higher Food Prices” Goes Mainstream

Thursday, February 10th, 2011

Shoppers could see higher grocery bills as early as three months from now, though most of the impact won’t be felt for another six months, said Scott Irwin, an agricultural economics professor at the University of Illinois.

The Question is Not Whether Government Should Redistribute Wealth, But How Much It Should Redistribute

Wednesday, February 9th, 2011

In the shocking video you are about to watch, Howard Dean declares that it is the job of the government to redistribute our wealth. Not only that, he says it in such a way that indicates that he believes that such a notion should be obvious to anyone with half a brain.

Gold / Silver – The Exact Opposite of a Bubble

Monday, February 7th, 2011

This latest video shows that, while gold and silver have approached new record and multi year highs respectively, the panicked buying that usually exists with asset bubbles hasn’t yet hit the precious metals.

China Censors Videos and Images of Egypt Protests

Friday, February 4th, 2011

China’s state-run media has largely avoided commenting on the turmoil sweeping Egypt. Unlike the rest of the world, the strife has been reported as a secondary story.

States’ Rights? Feds Threaten Oakland Over Plan to License Marijuana Farms

Friday, February 4th, 2011

Federal prosecutors have told the city of Oakland, California, that they will prosecute pot farmers operating under the city’s planned marijuana licensing scheme.

The Coming 20% (Or More) Decline In Living Standards

Friday, February 4th, 2011

Behind the all-consuming focus on the ups and downs of the monthly growth surveys, there are much more momentous developments afoot, and they don’t bode well.

Bank Analyst Who Told Truth About Bankrupt Municipal Bonds to Be Probed By Congress for Billion Dollar Sell Off

Friday, February 4th, 2011

The Financial Services and Bailouts of Public and Private Programs subcommittee, chaired by Rep. Patrick McHenry, might subpoena Whitney, whose prediction of potential defaults totaling “hundreds of billions of dollars” is widely blamed for the recent selloff in municipal bonds.

Virginia Considers Alternate Currency Option in the Event of a Dollar Collapse

Thursday, February 3rd, 2011

In a stark illustration of the economic fears still plaguing America, a resolution was introduced in the Virginia legislature on January 12 that would create a subcommittee to officially consider the adoption of an alternative currency in case of a total breakdown of the U.S. dollar and the Federal Reserve System.

Shocking: Taliban Stones Couple for Alleged Adultery

Thursday, February 3rd, 2011

About 200 people listen to a Taliban mullah describe why a man and woman deserve to be killed. A few dozen spectators – people from the local community — start throwing rocks at the woman, who had already been placed in a 4-foot-deep hole. They throw with relish and yell, “Allah akbar.”

ATF Gunwalkers: Agency Allowed Sale of Guns to Mexican Drug Cartel ‘Straw Buyers’

Thursday, February 3rd, 2011

The ATF stands accused of letting buyers purchase rifles in the U.S. knowing that the guns were headed for Mexican drug cartels. Worse, they may have literally walked the guns into Mexico themselves (hence the scandal’s name).

DEMCAD News – Egypt, Foreclosures, Obamacare

Thursday, February 3rd, 2011

DEMCAD Corner’s Reginald Kaigler gives us his commentary on this week’s important news.

The View From Egyptian President Mubarak’s Window

Tuesday, February 1st, 2011

The people aren’t gathering in support of Egyptian President Mubarak, that’s for sure.

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