Archive of economic news Archives | Page 2 of 11 | Truth is Treason

The Case for Saving Your Nickels, Literally: Inflation and Metal Debasement

Posted on May 10, 2012 in Economic News, Emergency Preparedness & Survival

Kevin Hayden – TruthisTreason.net

Source: SurvivalBlog

I’ve often mused about how fun it would be to have a time machine and travel back to the early 1960s, and go on a pre-inflation shopping spree. In that era, most used cars were less than $800, and a new-in-the box Colt .45 Automatic sold for $60. In particular, it would be great to go back and get a huge pile of rolls of then-circulating US silver dimes, quarters, and half dollars at face value. (With silver presently around $30 per ounce, the US 90% silver (1964 and earlier) coinage is selling wholesale at 22 times face value–that is $22,000 for a $1,000 face value bag.)

The disappearance of 90% silver coins from circulation in the US in the mid-1960s beautifully illustrated Gresham’s Law: “Bad Money Drives Out Good.” People quickly realized that the debased copper sandwich coins were bogus, so anyone with half a brain saved every pre-’65 (90% silver) coin that they could find. (This resulted in a coin shortage from 1965 to 1967, while the mint frantically played catch up, producing millions of cupronickel “clad” coins....

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If I Wanted America to Fail – Hayden’s Note

Posted on Apr 28, 2012 in Blog, Editorials, & Thoughts, Economic News, Federal Reserve & Bankers, Political Issues

Kevin Hayden – TruthisTreason.net

“The environmental agenda has been infected by extremism—it’s become an economic suicide pact.”

While I enjoyed this video, I was wholly saddened by the fact that it, too, has a strong agenda and seems to have large pocketbooks behind it.  I noticed they didn’t mention US foreign policy ONCE, nor did they mention the damage that the Federal Reserve has done.  All in all, it’s a short video and worth watching, but as I always say, “Question Everything.”

Everyone has an agenda, and it is often times hard to see past the dazzling camera effects, feigned sincerity, and keyword emphasis, but keep your mind sharp and you’ll see through it every time.

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Ruger Halts Gun Sales, 1 Million Firearms Ordered in Q1 – Hayden’s Note Attached Thumbnail

Ruger Halts Gun Sales, 1 Million Firearms Ordered in Q1 – Hayden’s Note Attached

Posted on Mar 23, 2012 in Economic News

Kevin Hayden – TruthisTreason.net

Source: MarketWatch

Sturm Ruger & Co.’s announcement that it would stop taking orders until it clears an enormous backlog serves as the latest sign of the boom times for the U.S. firearms business.

Late Wednesday, Sturm Ruger said that in the first quarter, it had received orders for more than 1 million units. And despite “efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders,” Sturm Ruger said.

Hayden’s Note:

I’ve been following this news piece since it broke, and per the status quo, many “liberty sites” jumped to the conclusions that this is somehow a premeditated initiative to cease production of firearms, or control our 2nd Amendment rights.

Instead, this is merely Ruger doing a phenomenal job at creating some of the most popular rifles and affordable handguns – although I wouldn’t recommend any except the 10/22 rifle – and not being able to handle demand.  This increase in demand is indeed likely from the various draconian legislation being passed, the rising popularity of emergency preparedness, and people seeking to invest in tangibles.  ...

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Americans Will Need Black Markets to Survive

Posted on Mar 19, 2012 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers, Urban Gardening, Farming & Homesteading

Kevin Hayden – TruthisTreason.net

Source: Media Roots and Alt-Market

As Americans come to grips with a severe financial hangover, the American economy will adapt to meet the peoples’ needs.  After 30 years of easy credit, subprime mortgages, zero interest loans and binge spending, the economy has imploded.  The wizards of Wall Street continue casting spells and weaving their magic, as the mainstream media rattles on about the wizards’ omnipotence like an rickety player piano.

Meanwhile, back in the world of reality, some Americans are beginning to realize the necessity of more contemporary ways of doing business.  As decreasing wages, increasing taxes, stifling regulations and a mortally wounded economy, are forcing people to do business a different way.  If current conditions continue, “black markets” will emerge, giving local economies an IV to keep them stable.

The global Black Market has already surpassed $1 trillion in sales.  The United States alone already accounts for more than $600 billion, almost three times the nearest competitor- China.  Americans, seeing that the economy for the “99%” still isn’t healthy, are doing an end around to oppressive, financial restraints imposed by the government and Wall Street. ...

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Eight Strategic Factors to Consider in 2012

Posted on Jan 04, 2012 in Economic News, Global & National News, Police, Military, & War, Political Issues

Kevin Hayden – TruthisTreason.net

Source: OilPrice.com

Rarely in the past six decades has global context counted for as much in strategic forecasting — trend analysis — as it does at the dawn of 2012. A study of broad contextual factors, including an expanded view of history, will show how cycles and confluences of trends potentially play a greater disruptive role than at any time since the end of World War II.  We have, in recent writings, stressed the longer-term trends and outlook, but it is important to see how the strategic environment is likely to play out during 2012. Equally, it is important that these trends (and others) are seen collectively, and not separately.

These are not wild predictions and guesses but careful analysis put together by the heads of the International Strategic Studies Association who have a global field collection team of some 200 assets in many countries.

Some of the topics covered in the short report are:

    1. Global Economic and Financial Trends:
    2. Global Energy Supply and Demand:
    3. Strategic Recovery by the US
    4. EU/Eurozone Prospects
    5....

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Peter Schiff Animation: We’re Not Paying the Chinese Back

Posted on Jan 04, 2012 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

This is a part of a speech made by Peter Schiff, entitled “Why the Meltdown Should Have Surprised No One” at the Ludwig von Mises Institute in 2009.

Peter Schiff is widely credited for having predicted the housing collapse and economic downturn in advance.  He is an investment broker, author and financial commentator. Schiff is CEO and chief global strategist of Euro Pacific Capital Inc. and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

I highly recommend this insightful, easy-to-understand, and at times, humorous animation.  Created by DSBac.

...

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Brokerage Firm Closes Doors, says “Your Money is Not Safe … the System Has Been Destroyed” Thumbnail

Brokerage Firm Closes Doors, says “Your Money is Not Safe … the System Has Been Destroyed”

Posted on Nov 18, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Sovereign Man by Simon BlackTruth Contributor

Your Monies and Positions Are Not Safe

Denver based Barnhardt Capital Management is a futures brokerage firm that focuses on agriculture, round-the-clock broker access, and inexpensive commissions. At least, it used to be.

Barnhardt shuttered its operations yesterday after six-years in the business. The firm’s founder Ann Barnhardt posted the reasons online for the entire world to see:

“I could no longer tell my clients that their monies and positions were safe in the futures and options markets, because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse.”

Hayden’s Note:

This is an excellent article and I recommend that you read it in its entirety.  If you are unsure of what exactly it’s talking about, here are a few beginner articles that may help you understand derivatives and how dangerous they are to our financial existence.  Secondly, I would recommend that you read up on “fractional reserve banking.”
These are easy to understand once they are translated into layman’s terms, so don’t worry. ...

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Leading Headlines

Posted on Oct 31, 2011 in Economic News, Global & National News, Political Issues
Leading Headlines Thumbnail

Leading Headlines

Posted on Oct 17, 2011 in Economic News, Global & National News, Political Issues
Economist: 46 out of 50 States Are Insolvent Thumbnail

Economist: 46 out of 50 States Are Insolvent

Posted on Sep 13, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Economic Policy Journal

During a presentation today at the Adam Smith Institute, economist Kevin Dowd,  a visiting professor at the Pensions Institute, Cass Business School in London, told his audience:

Fiat money is entering its death spiral…

Banks use crooked accounting methods to hide losses and enrich employees with bonuses. It’s another form of looting…

At least 46 out of 50 US states are insolvent.

What’s behind Dowd’s thinking? He wrote this last December:

Sooner rather than later, it will dawn on investors that Treasuries are over-valued and confidence in the Treasuries market will crack: one possibility is that rising inflation expectations or higher deficits will then push up market interest rates, causing bond prices to falter and then fall; an even more imminent prospect is that some combination of the Fed’s quantitative easing and yawning Federal budget and U.S. balance of payments deficits will cause a further decline in the dollar that makes foreign holders of Treasury bonds lose confidence in their investments. In either case, there is then likely to be a rush to the exits – a flight from Treasuries on a massive scale – forcing up interest rates in general and inflicting heavy losses on bondholders, especially on those holding long-term bonds.

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More Public Spending Only Hastens the Demise

Posted on Sep 06, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: MN Gordon Truth Contributor

Kicking off Labor Day weekend last Friday was a report by the Labor Department that, on balance, the U.S. economy failed to create a single job in August.  On the bright side, this also means not a single job was lost in August either.  Unfortunately, a zero reading is actually a negative reading…125,000 jobs a month are generally needed just to keep up with population growth.

Somehow the unemployment rate stayed at 9.1 percent.  However, it is really much higher.  There are 14 million people that are officially unemployed.  But there are also 11.4 million others that are unofficially unemployed....

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Martial Law, Economic Meltdown & Executive Orders

Posted on Aug 28, 2011 in Constitutional & Liberty Issues, Featured Articles, Federal Reserve & Bankers, Political Issues

Kevin Hayden – TruthisTreason.net

 

Originally written Oct 18, 2010 @ 06:40

We have all watched in predicted horror as the financial infrastructure of America has been disassembled in a predetermined fashion by the likes of Goldman Sachs, the Federal Reserve and other Globalists.  There are a variety of reasons why this is happening, none of which we have the power to change or alter in time to save us.  Therefore, I will focus on what is to come and how we might handle it in order to survive it.

With the Federal Reserve actually suggesting that inflation might be the cure to the weak economy, massive unemployment numbers and a crashing dollar, one has to stop and ponder.  The chairman of the Fed, Ben Bernanke, was a child prodigy, scored a near perfect SAT score, focused his studies around the Great Depression and is a statistical genius.  So why is he so willing to abuse the Dollar and essentially sign the death warrant for America?

For several years, many prominent people have been predicting this exact scenario.  Gerald Celente, Ron Paul, Peter Schiff and others including the Web Bots Project, have detailed how this orchestrated financial implosion will occur. ...

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Starbucks CEO Tells Fellow Business Leaders to Boycott Campaign Donations Thumbnail

Starbucks CEO Tells Fellow Business Leaders to Boycott Campaign Donations

Posted on Aug 15, 2011 in Featured Articles, Political Issues

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

In today’s most under-reported news of the day, which could potentially have the biggest impact on the future of America, none other than America’s CEOs, or at least one of them: Starbucks’ Howard Schultz, has mass-blasted an email to fellow CEOs asking for a consensual boycott on donating to political campaigns in order to encourage the nation’s muppets, elsewhere idiotically called “leaders”, to solve America’s budget and debt impasse.

Bloomberg quotes from the CEO’s e-mail to business leaders: “I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people.” Cue panic, terror, homicidal and suicidal screeching, and overall sheer existential angst in D.C., whose critters suddenly face the nightmare scenario of having no corporate bribes, period, until they get to do their job.

Should Schultz’ proposal gain traction, this could be the most revolutionary proposal to leadership reform since the advent of the corporatocracy.

Yet, as optimistic and idealistic as we are, we fail to see how corporations will all join into this mass game theory experiment, where the benefits for defection get exponentially greater as more and more people join and decide to cooperate....

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Gold Swiss Franc Proposed; Would End Fractional Reserve Banking

Posted on Aug 10, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Forbes via Cryptogon.com

Now, in Switzerland, efforts are underway to create an official Gold Swiss franc (GSF) with a set of coins, each with a fixed content of gold. The proposed constitutional change would permit private institutions to issue an unlimited number of coins whose appearance, content and weight of gold, and definition would be under the supervision of the Swiss government.

Hayden’s Note:

Brilliant.  As stated over at Cryptogon, I’m not real savvy on the idea of allowing credit to be issued, but overall, I think this would be a great move for everyone. 

For example, the smallest coin would have a face value of 1 GSF and have 0.1 grams of gold in its center, similar to today’s bi-metallic euro coins, and be worth—at today’s price of gold, about $4.00.

Five, 10, 20 and 50 GSF coins would have 0.5, 1.0, 2.0 and 5.0 grams of gold and today would be worth approximately $20, $40, $80 and $200 respectively. Gold Swiss franc bank notes are conceivable, as are GSF bank deposits, but they would have to be 100% backed by gold held by the issuing institution....

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Goldman Raises Corn Price Forecast By 30% Just as Corn Surges to Highest Since 2008 Food Crisis Thumbnail

Goldman Raises Corn Price Forecast By 30% Just as Corn Surges to Highest Since 2008 Food Crisis

Posted on Apr 01, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Unprecedented strength in corn continues, with futures rising by 4.5% on Thursday, following strong demand for corn to make food and fuel. That demand has whittled down the corn supply, which was already at its lowest level in 15 years in the United States, the world’s top exporter of the grain. Per Reuters: ” Demand has been strong from the livestock and ethanol sectors, and from importing nations, including China which is believed to have purchased 1.25 million tonnes last week.

Hayden’s Note:

Just a quick, hectic sidenote – The “ethanol” demand is ONLY due to the Govt subsidies involved.  Corn is a horrible choice for ethanol.  Furthermore, we feed MOST of our corn supplies to livestock because it’s cheaper than grass.  Ironic, huh?  Corn actually kills cows, thus the requirement for constant, low-dose antibiotics in your meat supply.  This also means most of your processed foods, ie 95% of everything on the shelf, will go up in price due to using High Fructose Corn Syrup.  Brace for impact, people.

This week’s rally, triggered by the U.S....

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