Reality Economics
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Reality Economics
I blog about "reality economics". Truth backed up by facts that the U.S. and Europe are speeding towards an irreversible train wreck and the long term economic pain will be widespread. Don't believe me? Please read this article. http://www.silverseek.com/article/coming-paradigm-shift-silver
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Investment Ideas: Jim Rogers: The Next Recession (2013,2014) Will Be Much Worse

Investment Ideas: Jim Rogers: The Next Recession (2013,2014) Will Be Much Worse | Reality Economics | Scoop.it

Jim rogers is interviewed on Business Insider by Henry Blodget on May 2, 2012.

He explains that because of the increase in debt, the next economic downturn will be much worse. We had a recession in 2002, then 2008 and the next one cannot be far away and should probably occur in 2013 or 2014.


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World Collapse Explained in 3 Minutes

This is priceless!...

 

Sad how true this is.

 

Hat tip to ZeroHedge.com


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Real Time Gold Prices | Exact Price of Gold | Lear Capital

Real Time Gold Prices | Exact Price of Gold | Lear Capital | Reality Economics | Scoop.it
Get real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital.

 

Overall all, I would say this was a pretty good week. Gold is stair stepping back up and looks to have a lot of buying in the 1650 range.

 

I keep asking myself, as the MSM types declare that we are into a recovery, what has changed from when the crisis began in 2008?

 

I can't really point to anything. Debt has soared higher. Countries are still broke. And no one has given any solutions to change the course we are on.

 

And gold really continues to declare that nothing has changed by its current price level.


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S&P 500 posts worst week in 2012 as bulls waver

S&P 500 posts worst week in 2012 as bulls waver | Reality Economics | Scoop.it
NEW YORK (Reuters) - Stocks mostly dipped on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability.The (S&P 500 posts worst week in 2012 as...

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Gold and silver prices holding above important support | Buy Gold Online

Gold and silver prices holding above important support | Buy Gold Online | Reality Economics | Scoop.it
Gold and silver prices are holding above important support levels, despite facing strong selling pressure in recent days. The gold price has moved higher after testing support around $1,650.

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Its a Wonderful Life MF Global, Mole, DOJ, Adam Smith's Pink Slime of Finance

What if you woke up one day only to find that your pension, brokerage, or bank went bust! Your Savings and Loan (MF Global) did not have enough money to retu...

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Jim Sinclair - Expect Another $17 #Trillion of #QE & War in #Gold

Jim Sinclair - Expect Another $17 #Trillion of #QE & War in #Gold | Reality Economics | Scoop.it

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The Great Collision

The Great Collision | Reality Economics | Scoop.it
If you accept the proposition that societies and economies are heading off the rails, then here's my hypothesis: we're about to careen into a Great Collision — people bumping up against the self-imposed perimeter of their own carefully constructed lives; human potential crashing headlong against choices that make the least of it. It's a collision of values against value. It's a collision of preferences against expectations; the lives we want versus the choices we're willing to make; what we give versus why we take; what we find in each other versus what we seek from each other. It's a collision that's going to happen inside each of us — and then, maybe, result in a collision that happens outside each of us. It's a collision first of people versus the consequences of their own decisions — but then, perhaps, of people against broken, entrenched, savagely dysfunctional institutions.

 

Brilliant must-read analysis by Umair Haque at the Harvard Business Review blog.


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US DOLLAR BUBBLE | The Prospector Blog

US DOLLAR BUBBLE | The Prospector Blog | Reality Economics | Scoop.it

"The US economy continues to find itself in checkmate fashion and my goal today is provide several examples as proof. Even conclusive proof can’t sway the masses away from dollars which leads many PM forecasters the feeling of preaching to the choir.

 

"Here is a huge part of the problem. All currencies (US dollar by example) have the same printed number(s) regardless of declining value. This creates a monetary chameleon like appearance all while hiding devaluation. The need for more dollars to buy what fewer used to hides well in a time of multiple credit options.

 

"Higher gas and food prices are now clear to all but the true epicenter of the problem eludes most. To be honest few give lasting thought to rising prices that is as long as credit fills the gap.


"Evidence of a coming dollar bubble presents itself like the last five minutes of a Perry Mason episode. One glaring piece of evidence lie at the feet of silver and gold...." click over for the rest


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19 Signs Of Very Serious Economic Trouble On The Horizon

19 Signs Of Very Serious Economic Trouble On The Horizon | Reality Economics | Scoop.it

"And even in the short-term there are some extremely troubling signs for the U.S. economy.

 

"The following are 19 signs of very serious economic trouble on the horizon....

 

"#1 According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point.

 

"#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012..."


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U.S. to Become Tax Debtors’ Prison

U.S. to Become Tax Debtors’ Prison | Reality Economics | Scoop.it

Further sign that things in the USA are not as good as MSM and the government like to tell us they are:

 

"If you’re planning to leave the U.S. for any reason, you may soon need to make sure your taxes are all paid up.

 

"The U.S. government is looking to plug up leaks on its tax slave ship..." click through for the new story.


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Marc Faber: Brace For - We The Sheeplez

Marc Faber: Brace For - We The Sheeplez | Reality Economics | Scoop.it
Currency Induced Cost Push Inflation/Hyperinflation Weimar Germany, Zimbabwe Hyperinflation Dollar Economic Collapse. Gold and ... The best thing to be in are physical assets like gold and silver; therefore, keep stacking.
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The biggest Silver Bull Run in Mankind's History

The biggest Silver Bull Run in Mankind's History | Reality Economics | Scoop.it
After identifying practically all politicians as shills, my attention was drawn to economics, and I became particularly interested in the silver bullet aspect of purchasing precious metals as a strategy to rid humanity of the parasitical elite.
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Nigel Farage: There Are Going to Be Serious Banking Collapses

Nigel Farage: There Are Going to Be Serious Banking Collapses | Reality Economics | Scoop.it

With escalating fears regarding the stability of the eurozone, today King World News interviewed former LBMA commodities broker and trader and current MEP Nigel Farage to get his take on the situation. Farage had some very interesting comments regarding the Italians moving large quantities of gold to Switzerland, but when KWN asked about the chaos in Europe, Farage stated, “Well, so far, from all of the European officials and from the new IMF branch office in Washington, we’ve had unanimity that there was no prospect, at any stage, of the euro being under threat.


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The Myth that the US will Soon Become an Oil Exporter

The Myth that the US will Soon Become an Oil Exporter | Reality Economics | Scoop.it
Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a “net” oil exporter? With the recent increase in o...

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#Embry - What’s Happening in China is Wildly Bullish for #Gold #sprott

#Embry - What’s Happening in China is Wildly Bullish for #Gold #sprott | Reality Economics | Scoop.it

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Beef vs. gold: Identifying the better investment - CattleNetwork.com

Beef vs. gold: Identifying the better investment - CattleNetwork.com | Reality Economics | Scoop.it
Beef cows vs. gold: Identifying the better investmentCattleNetwork.com“Tom,” he said in his naturally confident demeanor, “you need to own gold right now. It's going to go a lot higher.” Boy, do wish I had listened.

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Caesar Bryan - Suspicious $1.5 Billion Gold Dump & Bank Runs

Caesar Bryan - Suspicious $1.5 Billion Gold Dump & Bank Runs | Reality Economics | Scoop.it

With continued volatility in gold and silver, today King World News interviewed 25 year veteran Caesar Bryan. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Caesar told KWN the European banking system is stil on fire, and we are now seeing bank runs in both Spain and Italy. He also stated that today’s trading at the end of the day in gold was very “odd.” Here is what Caesar had to say about the situation: “We had been having a recovery in the price of gold recently, but then gold was taken down around 1:15 pm today. There was quite significant volume in the last 15 minutes, before the COMEX closed.

 

“There were 10,000 contracts traded, which is something like $1.5 billion, and gold fell precipitously, from about $1,665 to about $1,650. This is very odd trading on a Friday afternoon when there was no other discernible movement in other markets.

 

"This made for a disappointing end to the week, but the backdrop for gold is still very solid. However, for investors, it’s hard to ignore the day to day movements..."


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Currency Crisis: Axel Merk: Recovery – Who are We Kidding?

Currency Crisis: Axel Merk: Recovery – Who are We Kidding? | Reality Economics | Scoop.it

Axel Merk published a new Merk Insights newsletter entitled "Recovery - Who are We Kidding?", where he explains we are in a period of war between inflation forces (central banks) and deflationary forces (markets), talks about the potential consequence of Ben Bernanke monetary policies and recommend diversifying into hard currencies including Gold on US dollar strength.


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The Great Collapse of the US Empire

The Great Collapse of the US Empire | Reality Economics | Scoop.it

"The US economy has been centrally planned and manipulated by the communist fashioned central bank, the Federal Reserve, for 99 years now. But it wasn't until August 15, 1971 that the last linkage of gold from the US dollar was removed and the US Government and the Federal Reserve were allowed to truly run rampant with their anti-capitalist economic system.

 

"A look at US Government debt since the beginning of the 20th century tells the story..."


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oftwominds-Charles Hugh Smith: Calling All Crash Test Dummies: Big Crash Ahead

oftwominds-Charles Hugh Smith: Calling All Crash Test Dummies: Big Crash Ahead | Reality Economics | Scoop.it

Charles Hugh Smith:

 

"The basic mechanism that is being overlooked is Liquidity Resistance. This is akin to insulin resistance, where insulin becomes less effective at lowering blood sugars. The amount of insulin required to maintain normal blood sugar levels increases as resistance rises until even massive doses of insulin no longer have the desired effect and the system crashes.

 

"Liquidity has the same dynamic. Back in the good old days of 2008-09, a $1 trillion tsunami of liquidity was enough to save the global debt machine from implosion and spark an enduring global stock market rally.

 

"The current rally since late December required (by some estimates) over $3 trillion in global liquidity injections from central banks. In four years, the market's resistance has skyrocketed: where $1 trillion launched a multi-year global rally (goosed along with QE2 and Operation Twist when it began to falter), now $3 trillion yielded a 100-day rally that is already coming apart at the seams.

 

"You see where this is going. To maintain the veneer of normalcy, i.e. a continuing Bull market, the next liquidity injection will have to be $5 trillion, and it will spawn a rally of perhaps 50 days. That $5 trillion will probably break the global market; if it doesn't, then the next tidal wave of $7 trillion (or whatever the market needs to trigger another high) most certainly will.

 

"At some point, the liquidity injection will fail to boost the market at all, and that will trigger a panicky rush for the exits..." click over for the rest.


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Currency Crisis: Marc Faber: Buy Real Estate To Protect Yourself Against Wealth Destruction

Currency Crisis: Marc Faber: Buy Real Estate To Protect Yourself Against Wealth Destruction | Reality Economics | Scoop.it

Marc Faber is interviewed on Yahoo Finance on the 9th of April 2012 where he explains that home prices in the south of the U.S., in Arizona, Georgia, Nevada and so fourth, are relatively inexpensive compared to other asset prices

 


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Currency Crisis: Federal Reserve Dove Hawk Scale

Currency Crisis: Federal Reserve Dove Hawk Scale | Reality Economics | Scoop.it

Following the publication of the Minutes of the Federal Open Market Committee (FOMC), Axel Merk released a short commentary entitled "Fed - Actions Speak Louder Than Words".


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Silver Manipulation: 'High Frequency Shearing'

http://goldsilver.com/news/gold-and-silver-manipulation-high-frequency-shearing/ In this video with RT Capital Account's Lauren Lyster, Mike Maloney talks ab...

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Game Changer for Gold and Stocks - Silver For The People

Game Changer for Gold and Stocks - Silver For The People | Reality Economics | Scoop.it
The counter party risk of this intricately linked system is highly dangerous thanks to the size of the debt, derivatives, credit default swaps and now the bond market bubble. This is all key to understanding what I am about to say ...
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