“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for…
The shock of the autumn 2008 will seem like a small summer storm compared to what will affect planet in several months. In fact LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic…
The Federal Reserve has circulated a memorandum for comment that classifies gold bullion as a zero risk asset, according to John Butler and Financial Sense. “For the first time, unencumbered gold bullion is to be classified as zero risk, in line with dollar cash, US Treasuries and other explicitly government-guaranteed assets,” he writes. READ MORE
Figure out what you want. In an emergency situation, assess your needs. What things do you need and what things do you want? READ MORE
The demand destruction of widespread economic contraction is doing the rest. Shop discounts are deeper to sell goods. Hotels are struggling to sell rooms. Upgrades are cheap. Hire car companies can only give away their more expensive models. Pricing muscle is low. Customers who overpaid in advance will not do so again, or certainly not…
As our markets slowly melt down again, and we head back towards the 2008 lows in market values, there is no consolation in being correct. Portfolio values continue to degrade, and disinvestment en masse is incrementally moving the world economy back into the state paralysis it entered in September 2008. READ MORE
Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation. When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet on credit derivatives, he estimated that losses…
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