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The 5 headlines below have been personally filtered this morning from over 1,200
articles canvassing economic and resource news. Reading these headlines will keep you well informed and save you time in the process. Links are included for access to each article should you wish to explore a topic more fully. Words: 285
So conveys Ian R. Campbell in edited excerpts as presented (with permission) by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in any reposting to avoid copyright infringement.
- Overview: An article on U.S. State Government fiscal problems.
- Source: Mish’s Global Economic Trend Anslysis, Mike Shedlock, April 8, 2012.
- Reading time: 2 minutes.
- [Other reading: The Day of Gold-Plated Public Sector Pensions are Numbered and Why Government Employee Unions Are To Blame for Impending State Bankruptcies]
- Overview: A detailed look at the U.S. Jobs picture, with charts.
- Source: Gold Speculator Blog (from John Mauldin’s ‘Thoughts from the Frontline’), April 8, 2012.
- Reading time: 12 minutes.
- [Other Reading: Unemployed? Under-employed? Bored? Check Out These 10 High-growth Jobs]
3. Is gold the answer to Financial Repression?
- Overview: A thoughtful article that correlates interest rates and the gold price.
- Source: Mineweb, Adrian Ash, April 8, 2012.
- Reading time: 4 minutes.
- [Other reading: (1) “Financial Repression” May Soon Become Our Worst Nightmare! Here’s Why (2) Financial Repression: How Sneaky Governments Steal Your Money (3) Stealth Taxation in the Form of Financial Repression is Coming! Here’s Why – and How (4) Get Ready to be Financially Conscripted – and Face a Lower Standard of Living!]
4. Key Economic News to Watch This Week: April 9, 2012
- Overview: A daily summary of key economic events this week.
- Source: The Economic Watch Blog, April 9, 2012.
- Reading time: 2 minutes.
5. US Offers to “Negotiate” if Iran Surrenders; Thoughts on Negotiation Tactics; Obama Threatens War”
- Overview: A commentary on an April 7 New York Times article titled U.S. Defines Its Demands for New Round of Talks With Iran.
- Source: Mish’s Global Economic Trend Analysis, Mike Shedlock, April 8, 2012.
- Reading time: (1) Global Economic Trend Analysis article: 4 minutes, (2) New York Times article: 7 minutes.
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Editor’s Note: The above article has been has edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
Previous ‘Speak for Themselves’ Headlines of Note:
1. Save Time & Stay Informed: Read These 8 `Speak for Themselves` Economic Headlines From Around the World (April 8th)
Other Related Articles:
1. The Day of Gold-Plated Public Sector Pensions are Numbered
The ‘workforce elite’ in America today are public sector employees and they, led by state and municipal unionized workers, are now in open revolt to preserve their special status, and the status quo. Wisconsin is the current case study in what happens when the government, a monopoly service provider, confronts the fact that the taxpayer is tapped out and can’t take it anymore – and there simply isn’t enough money anymore. Those realities are going to result in major adjustments in worker incomes, future pensions and benefits and their overall standard of living. Let me explain. Words: 2137
2. Why Government Employee Unions Are To Blame for Impending State Bankruptcies
The charade is over. American taxpayers finally seem to be aware that they are the servants, not the masters, of government at all levels. Government-employee unions have played a key role in causing bankruptcy in most American states, and their pleas for more bailouts financed by endless tax increases are finally ringing hollow. Words: 1192
3. “Financial Repression” May Soon Become Our Worst Nightmare! Here’s Why
A new financial policy initiative known by the label “Financial Repression” may soon become our worst nightmare. ‘Repression’ rhymes with ‘depression’ which could be what we have to look forward to as rampant price inflation and permanently lower living standards take hold. Get ready to be conscripted into a citizen army assembled for the greater cause of saving the nation from being swamped by a tsunami of debt. Let me explain. Words: 1585
4. Attention America! Your Surging Debt Will Eventually Suffocate You
Our empirical research ( Growth in a Time of Debt) on the history of financial crises and the relationship between growth and public liabilities shows that burdens above 90% are associated with 1% lower median growth – and the United States’ debt level is currently hovering around 90% on a gross basis and 60% netting out assets. Politicians like to argue that their country will expand its way out of debt but our historical research suggests that growth alone is rarely enough to achieve that…[given] the debt levels we are experiencing today…[As such,] we need to be cautious about surrendering to the “this-time-is-different” syndrome and decreeing that surging government debt isn’t as significant a problem in the present as it was in the past. [Let us explain why.] Words: 1175
5. Financial Repression: How Sneaky Governments Steal Your Money
One of the things that’s being lost in the welter of rhetoric around the debt crises of sovereign nations is that these are not normal debtors, and government debt is not the same as personal debt. If you or I are in debt we are obliged to fulfil the terms of our repayment obligations or to go bankrupt or to pretend to die and go off and live on the life insurance. A country in the same situation has a range of other measures available to it…[Let’s explore their options and what their implications would be for the country and its citizens.] Words: 1145
6. Stealth Taxation in the Form of Financial Repression is Coming! Here’s Why – and How
Financial Repression is a form of wealth confiscation and redistribution that is in some ways as effective as taxation – but the government never directly calls it that. It never appears in the budget (directly), and while it is dependent on a comprehensive network of laws and regulations – none of those go through the legislature with a stated intention of creating Financial Repression. So while the economic net effects are similar to a huge and comprehensive set of investor taxes being used to pay down the national debt, the “taxes” are never a campaign issue because voters and investors don’t understand what is happening – they only feel the results. [In this article I lay out for you what is slowly developing and expected to escalate dramatically in the next few years.] Words: 5800
7. Get Ready to be Financially Conscripted – and Face a Lower Standard of Living!
Get ready to be financially conscripted into a citizen army assembled for the greater cause of saving America from being swamped by a tsunami of debt as a new policy initiative known as “financial repression” takes hold. ‘Repression’ rhymes with ‘depression’ and that is what we may have to look forward to as rampant price inflation and permanently lower living standards take hold as a result. Let me explain. Words: 1797
8. Unemployed? Under-employed? Bored? Check Out These 10 High-growth Jobs
Though unemployment has been wide-reaching across industries…[some] jobs, against all odds, are on the rise – a steep rise…So if you’re sick of your job and craving a new profession, now might be the time to head back to school and get that secondary degree in one of these 10 specializations.