Retail Apocalypse and Carmageddon Continue to Pick up Speed

By David Haggith – Re-Blogged From Great Recession Blog

We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common refrain that comparison has become.

Retail Apocalypse snowballs downhill

Retail sales dropped 1.2% month-over-month in December, the largest drop since September 2009, according to data from the Census Bureau released Thursday. The dip was broadly unexpected – consensus estimates had foreseen a 0.1% increase in retail sales for the month, according to Bloomberg data. Excluding autos and gas, which can be volatile, core retail sales plunged 1.8%. “[The] fall in retail sales in December was every bit as bad as it looks,” Capital Economics’ Michael Pearce said bluntly. The weakness was broad-based.

Yahoo!

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Gold, Currency IOUs And Inflation

By Gary Christenson – Re-Blogged From Gold Eagle

The financial world runs on “funny money” or debt based currencies. More currency = more debt. How much debt? In a word – “unimaginable.” But another important word we should consider is “unsustainable.” WHY?

The world abandoned gold backing and replaced it with debt based currencies. Those dollar bills, yen, euros etc. are DEBTS issued by your central bank. They are as valuable as… someone believes they are. Unlike gold or silver coins, they have no intrinsic value.

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Australia’s Banking System May Go BOOM!

By Nick Hubble – Re-Blogged From Silver Phoenix

We’re edging ever closer to the financial crisis I’ve been investigating since 2012. I moved to four different cities in Australia to conduct my research, interviewing mortgage brokers and former bankers over four years.

Over the last few months, a Royal Commission has exposed what my research did back then. But the campaigner who first exposed the issue going back to the early 2000s continues to discover even more extraordinary facts.

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Bad Bankers Drive Out Good Bankers: Wells Fargo, Wall Street, And Gresham’s Law

By John Rubino – Re-Blogged From Dollar Collapse

Back in the 1500s, a financial agent of Queen Elizabeth I named Thomas Gresham observed that that “bad money drives out good.” That is, if two kinds of money are circulating at the same legal value, people will spend the lower-quality money and save the higher. The latter as a result ceases to circulate. This became known as Gresham’s law.

More recently, in our book The Money Bubble, James Turk and I extended this concept to bankers, observing that in times of very easy money, bad bankers drive out good:

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Dodd-Frank Is Now Officially A Dud

By Frank Holmes – Re-Blogged From http://www.Gold-Eagle.com

I often remind investors to look past the negative and find the positive. Last week provided no shortage of big splashy headline stories, from yet another high-profile personnel shakeup at the White House to a nail-biter special election in Pennsylvania’s 18th Congressional District, from Russia’s alleged nerve agent attack on a former double-agent spy to a tragic bridge collapse in Miami.

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ATMs Hit By Malware “Jackpotting” Attacks That Dispense All Cash In Minutes

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

ATMs in US hit by “jackpotting” attacks that empty ATMs in minutes
– FBI warns of attacks in US after similar crimes in Taiwan, Thailand and Europe

– Hackers have stolen c.$1 million from ATMs across the US warns U.S. Secret Service
– Target Diebold Nixdorf machines – #1 global ATM provider, 35% of ATMs worldwide
– Digital deposits increasingly vulnerable – Time to save in physical gold

Source: TechViral.net

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”It’s A Wonderful Life” Is A Wonderful Lesson

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

– Christmas film serves as reminder that savings are not guaranteed protection by banks
– Savers are today more exposed to banking risks than ever before
– Gold and silver investment reduce exposure to counterparty risks seen in financial system
– Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price

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