Submitted by Tyler Durden: For 727 editions, and nearly 30 years, Bill Buckler, the "captain" of the free market-praising Privateer newsletter provided a welcome escape from a world overrun with "free-lunch" economists, "for-hire" politicians, "crony-capitalist" oligarchs, "heroin-addict" bankers, "the-solution-to-record-debt-is-more-record-debt" Keynesians, and all those other subclasses of that species which Einstein, or whoever, described so aptly in saying that they all expect a different, and happy, outcome when applying the same flawed methods over and over. And for 30 years, Buckler's steadfast determination and adherence to his arguments, beliefs, reasoning and ironclad logic brought him countless followers, all of whom are now able to see past the bread and circus facade of a world every day on the edge of political and social collapse. Sadly, all good things come to an end, and so does The Privateer.
4 May 2013
SilverFuturistFrom Martin Armstrong:
"...if you want to make the metals PRIME time, you have to stop the tin-foil hat nonsense and treat it like ALL serious investment. Who cares if Fort Knox has gold or not. It is IRRELEVANT!!!!!! They will never admit there is no gold
The Artist Taxi Driver
Freedomain Radio is the largest and most popular philosophy show in the world - http://www.freedomainradio.com
Israel has bombed Syria again. The WMD genocidal Israel regime actually bothered to give excuses, this time about some bid to halt the flow of arms into Lebanon, according to several US officials who spoke to media anonymously.According to initial reports the Israeli regime warplanes were observed over Lebanese airspace, but there is no official confirmation that any entered Syria’s.
American and other Western intelligence agencies are reviewing classified data showing that Israel conducted a strike in the Thursday-Friday time frame, two officials told CNN. Lebanon’s army website had listed an unusual 16 flights by Israeli warplanes penetrating Lebanese airspace from Thursday evening through Friday afternoon local time.
Six Fundamental Realities
- Private Sector Deleveraging And Government Policy Responses
- Rising Protectionism
- Grand Disconnect Between Markets And Economy
- Zeal For Yield
- End Of Export Driven Economies
- Equities Are Vulnerable
Household deleveraging is far from over. There is most likely at least 5 more years to go. However, it could be longer given the magnitude of the debt bubble. The offset of the household deleveraging has been the leveraging up of the Federal government.
The flip side of household leverage is the personal saving rates. The decline in the savings rate from the 1980’s to 2000 was a major boost to economic growth. That has now changed as savings rate are now slowly increasing and acting as a drag on growth.
However, American’s are not saving voluntarily. American’s have been trained to spend as long as credit is readily available. However, credit is no longer available.