economy

Autarky is Thriving

9 February 2011

Seth is deeply wrong about this. More people are striving to become more self-sufficient all the time. It’s known as the Prepper movement.
It isn’t to say that total self-sufficiency is possible, it isn’t, but it is a matter understanding the risks of dependency and mitigating them. More often then not when you see a story [...]

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Free Special Report: Preparing for the Coming Inflation

22 November 2010

Have you noticed that your grocery bills have been creeping up?
Have your favorite products been redesigned? They may be the same price, but they are smaller.
Crop yields are down in Europe and Asia, so Russia has embargoed their exports.
Cotton prices are expected to rise sharply in the spring of 2011.
More of our corn is going into making fuel.
The Fed [...]

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British Budget Cuts and the Smart Moves

22 October 2010

Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, with welfare, councils and police budgets all hit.
via BBC News – Spending Review 2010: George Osborne wields the axe.
This is what we’ll be looking at in a few years. Plenty of people have been and still are saying we should be more like [...]

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China Said to Expand Rare Earths Embargo to West – NYTimes.com

21 October 2010

China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted some shipments of those materials to the United States and Europe, three industry officials said this week.
via China Said to Expand Rare Earths Embargo to West – NYTimes.com.
Well, that’s not good, whether it is just a [...]

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Trying To Understand the Economy

14 October 2010

I don’t know how economists and politicians think.
The Federal Reserve is fighting deflation. Yet all I see is inflation all around me. I realize thatthey use a weighted basket to normalize things for the CPI but their basket is vastly different from mine.
Gas prices are slowly moving up and since we fill up every few [...]

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What an Economic Worst-Case Scenario Looks Like

26 August 2010

Here is one take on the Economic Meltdown worst-case scenario.
No, there will be no double dip. It will be a lot worse. The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park. The world financial system has [...]

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