Tag Archives: Job Loss

QE3: Get Ready For Hyperinflation!

Here’s a recipe for disaster: “…the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Fed’s big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading

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Do you know how…..

To do low tech projects? Do you know how to construct a fence, properly? How about make silage? Properly compost? Build an oven? A furnace? What about an outhouse? There are thousands of things that most of us used to know how to do, at least back when we lived on producing homesteads. Some of us still do, but the majority of us have little or no idea on how to go about living without specialists. One of the hallmark concepts of preparedness is self-sufficiency, but there’s no way most of us can get exposed to the realities of living … Continue reading

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Even Worse Than Expected

The jobless claims are worse than expected. Below, I listed some of the companies that I could find that announced lay offs, but that was only a very small part of the overall picture. Things are much worse. New unemployment claims highest in 26 years – MSNBC – “The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally adjusted 573,000 from an upwardly revised figure of 515,000 in the previous week.” November’s unemployment figure was 533,000.  So far for December, we’re well above that. – Rob

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(Bad) Sign Of The Times

TREASURY BILL IS TRADING NEGATIVE FOR FIRST TIME EVER For the first time ever, the 3-month Treasury Bill has a negative rate of return: “If you invested $1 million in three-month bills at today’s negative discount rate of 0.01 percent, for a price of 100.002556, at maturity you would receive the par value for a loss of $25.56.” – Bloomberg People are so panicked over the economy, they’re willing to take a small loss on their money, simply to put their money into a safe place. When is the last time you heard of investors scrambling to ‘invest’ in something … Continue reading

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