Monday, June 13, 2011

Economics and Investing: - SurvivalBlog.com

I predicted seeing ads once the base metal value of nickels hit two times their face value ("2X face"), but not this soon: BoxOfNickels.com. I'm confident that you can expect to see more such nickel entrepreneurs in the near future--especially once the base metal value exceeds 1.5 times face value. (7.5 cents for a nickel.)

Speaking of changing valuations (in this case, deflation), have you seen the chart showing the change Bitcoin values in the past three months? It now takes more than $15 USD to buy one BTC and in a brief spike the rate got up past $30.

Sue C. sent us this: Greek Default Is Inevitable

CNN Poll: Obama approval rating drops as fears of depression rise. (Half of Americans now fear another Great Depression.)

G.G. flagged this: Second-Mortgage Misery Nearly 40% Who Borrowed Against Homes Are Underwater

Items from The Economatrix:

Our Economic Future:? From Best To Worst Case

The Federal Reserve is Playing an Inflation Game

Worries Grow That US Could Default On Debt

Getting the Economic Fundamentals Right

US Jobless Claims Unexpectedly Rose Last Week

Source: http://www.survivalblog.com/2011/06/economics_and_investing_837.html

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