Reads for Monday, 2 March 2015

Plan To Exit Stocks Within the Next 8 Years? Exit Now! (John P. Hussman, PhD.)

Astrophysicists ponder the question with computer models, "What if the whole Milky Way Galaxy where a giant wormhole that's stable and navigable?" (Universe Today)

Over 20 Million Outraged Chinese  Viewed A Video "Under The Dome" This Weekend Which Tore Into China's Infamous Air Pollution (New York Times) 

Life 'not as we know it' possible on Saturn's moon Titan (Phys Org) 

Detroit Retirees To See Their Pensions Cut Starting Monday, 2 March 15 (Detroit Free Press) 

Why The NFL Players Association Is Taking On Scott Walker (Think Progress) 

Largest black hole ever discovered; mass of 12 billion suns (The Red Orbit) 

Are Colleges and Universities Going To Implode? (Question Everything Blog)

ISIS Members Go Ape Shit In Mosul Museum, Destroying Antiquities Some Of Which Were 3000 Years Old (Daily Mail - be sure to see embedded video) 

ISIS Bans Evolution Being Taught In Schools (TPM) 

Real Estate is Doomed - Part 1: The Fed (Ramsey Su on The Acting Man Blog)

Housing About To Get Messy? (Wolf On Wall Stree Blog) 

Mike Maloney's 90 Minute Speech On Gold, Silver, Fiat Currencies, the Fed, Manias And What To Do Soon

We've all scoffed at the thought of $2,000 gold in the past. (I can remember people on a certain Motley Fool discussion board saying gold would never cross the $1,000 line.) But what do you say to the thought - the possibility - that gold might one day be priced at $20,000 per ounce?

How would it get there from here?



Even if you don't believe in $20,000 an ounce gold, but you feel something "just isn't right in the world economy", you will want to watch this video to learn what is happening to world markets in stocks, bonds, real estate and other cyclical assets

Mike Maloney, founder of Goldsilver.com, and the writer of a definitive book on gold & silver investing, Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future, gives one of the very best 90 minute seminars - with accompanying screen shots of graphs, diagrams and photos which make his concise, brilliant talk come alive.

Not only is Maloney one of the best speakers on gold, silver, money and currency in the world, he also knows the history of gold, silver, manias, stock markets, the Federal Reserve and a dozen more macro-economic topics which he covers very well in only 1 1/2 hours.


And now, grab a cup of tea or java. Find a comfy seat. Sit and watch this video without any interruptions. Just absorb it like a sponge. You might know a lot of what Maloney covers, but its those historical tidbits about past crashes, government debt, government crisis, etc., which will make you admire the man and his thesis all the more.

After viewing this, you will feel like gold will definitely blow past the $2,000 an ounce mark even if $20,000 might be a stretch. But as Mike stresses, silver is an even better buy at this time in history. And he explains why in a way which shows how silver could outsprint gold for future returns.


Once you've seen this video, be sure to share it with your family and friends:

Investors Are Leaving The Stock Market In Droves Because Of One Main Reason

A short piece from Andrew Sorkin of the New York Times explains in his DealBook column why American investors are giving up on US equities. From the article titled "Why Are Investors Fleeing Equities? Hint: It's Not The Computers"

Let me offer a more straightforward explanation of why investors have left the stock market: it has been a losing proposition.

 His letter came after he had sent a Twitter post that read: “Boomers can’t take risk. Gen X and Y believe in Facebook but not its stock. Gen Z has no money.”

An entire generation of investors hasn’t made a buck. “The cult of equity is dying,” Bill Gross, the founder of Pimco, wrote in his monthly letter last week. “Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well,” Mr. Gross wrote.

6 Shocking Revelations About Wall Street's "Secret Government"

Crude Futures Have Risen Significantly, So Why are Gasoline Prices Relatively Low?

Hast the new bear market arrived?

Chasing the market lower syndrome or how to lose $176,000 in seven months – Case Shiller hits a new post-bubble bottom – Finding the bottom in home prices in California. Woodland Hills has 483 properties in the shadow inventory while 200 non-distressed properties are for sale.

Here's Proof That The American Dream Has Been Dying Since 1980

The Federal Reserve Is Laundering Money: Why The Stock Market Has Been Going Up

NSFW. Salty language, black humor, and one pissed off avatar who tells it like it is:

Business/Economic/Housing/Layoff News for August 23, 2010

Peter Schiff: The Fed Has A Drug Problem, Bernanke Is Addicted To Printing

Stocks Rally on Takeover Optimism; Coffee Jumps to 12-Year High

Debt's Deadly Grip

Mish's Weekend Potpourri: Commercial Real Estate Prices Tank; Late Mortgage Payments Spike; Half of Shanghai, Beijing Flats Are Vacant; Pension Fraud by New Jersey Cited by SEC

USA: Portrait of a Sagging Empire

Bond Yields Showing No Economic Spoils for Republicans in 2010

Bond bubble fear returns as investors flee stocks

How Pimco is holding the American homeowners hostage

It's doom and gloom all over again

Today’s economic crisis is less about the quantity of output than the distribution of income and leisure

Late-fee limits could cost card issuers $3 billion

Democracy or “Lobbyocracy”?

Beijing Billionaire Who Grew Up With Mao Sees No Housing Bubble


4th Straight Year Of Decline: Country clubs for golfing closing nationwide

10 Big Retailers Closing Stores

Small Investors Flee The Stock Market

Firm: N. Calif home sales drop 23 percent in July

Another top money manager says the market is priced attractively at this time

7 Reasons Why You Should Not Buy A House

Post-Mortgage Meltdown, Where Do We Go Now?

Dr. Housing Bubble: The fallacy of cheap home prices and the two income trap – dual income households underscore massive housing inflation. Nationwide home prices overvalued by 25 percent.

Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof?

Housing Fades as a Means to Build Wealth, Analysts Say

Bloomberg: Housing Slide in U.S. Threatens to Drag Economy Into Recession

Watch Out Amazon, Here Comes Rakuten!

Delta to Recall, Hire Attendants as Carrier Expands

What is real jobless rate in North Carolina? Try 17.8%

Bleak Picture for Employment

Veterinary supplier files bankruptcy, lays off 300

State of Texas considers cutting "thousands" of jobs to balance their budget

BAE Systems laying off 124 at Western Pennsylvania plant

Wells Fargo laying off 90 employees in Reading, PA

Weekend Roundup - Aug. 21 & 22, 2010

New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression

U.S. Stocks Drop for Second Week on Signs Corporate-Profit Growth to Slow

Eight Banks Seized, One with Ties to Obama; Regulators Allow "Unusual Bid" for Failed Bank

Ten Money Moves That Will Always Pay Off

Business/Economic/Housing/Layoff News for July 14, 2010

How the “too-big-to-fail” banks got that way, and why the current banking reform won’t solve the problem

Hotels, promoter, real estate agents say LeBron James giving South Florida boost

Mish:FICO Credit Scores Collapse - 25% of Americans Sink Below 600 vs. 15% Historically

Sell Bonds, Buy Precious Metals, Rice as ‘Refuge,’ Rogers Says

Peter Schiff unravels on Alex Jones show, advocating preemptive strike on 'nuclear' Iran

Gold climbs most in three weeks on rekindled Europe debt concern

Crude Oil Falls From Two-Week High After U.S. Stockpiles Gain

BP Gives Up Control of Cushing Oil Storage With Sale to Magellan, LP (NYSE: MMP)

Rail traffic softens further in June
Jewellery store closures mount

Boston Fed’s Rosengren: Growth Slowing, Deflation Is Emerging Risk

Mish: Did Retail Sales Rise, Or Did Tax Rates Go Up

Tech stocks help European shares to seventh day of gains

Despite Stocks' Gains, Skeptics Wait and See

Caterpillar Paces Dow; Apple's Pain Grows

The twin Financial Frankensteins of Fannie Mae and Freddie Mac continue to wreak havoc on US Taxpayers

Obama administration backs private twist to public housing

NYC's Comptroller threatens to remove pension funds from Big Banks which are dragging their feet on loan modifications for homeowners

San Diego: Home Sales Up Due To Expiring Tax Credits, Soon To Change To Strong Head Wind

Get Ready for a Cataclysmic Market Crash! (Or Maybe Not)

Meet the Man Who Made a Fortune Exploiting the Poor With Payday Loans

WSJ: "Too Rich To Live?"


First Data cuts 78 employees from its staff in Ventura, CA

Mosaic Warns 221 of Layoffs at South Fort Meade Mine

Long Beach School Board fires 357 teachers

St. Francis Hospital in Kansas to cut 105 workers

Netflix to lay off 125 in Orange County

50 Lee County, FL workers for Department of Transportation to be cut as county tax base plummets from $96.5 Billion to $55 Billion

Salinas hospital offers buyout to 138 employees but really wanted to cut 200 employees from every department

59 year old laid off lawyer has applied for over 1000 jobs in 18 months and has never been called back for an interview

80 Oakland Police Officers laid off

Business/Economic News - July 7, 2010 Edition

Gold hits 6-week low on China news
China promises not to dump US Treasuries or pile into gold

Mish:"Hussman Blasts Geithner, Bernanke, Keynes; Why Keynesian Stimulus Always Fails"

Which builders have the biggest Gulf Coast exposure?

BP Supposedly Ahead of Schedule on Drilling Relief Well by One Week

Peter Schiff: Jobs report reveals the truth about recovery

Wal-Mart's Sam's Club chain is teaming up with a lender to offer loans of up to $25,000 to its small business members

EU suggests raising retirement age to 70

The Economist looks at four letter word DEBT: "Repent At Leisure"

To Address Its Housing Shortage, Paris Cracks Down on Pied-à-Terre Rentals
Oil Trades Near $72 on Forecast Supply Drop, Europe Optimism

Louisiana and Scientists Spar Over How to Block Oil’s Approach

Next 10 days crucial to gulf spill

86 miles of Florida's coastline is now "oiled"

Foreclosures drop 49% in second quarter in South Florida

Can South Korea prevent the Housing Bubble from bursting there?

Harvard Professor, Ken Rogogg, co-author of "This Time It's Different", thinks USA not headed for Double-Dip Recession, but slow growth, a continuing slide in housing prices and unemployment

China Property Market Set for Healthy Correction



The 10 Biggest stock winners in 2010 for the first-half

States Are Projecting Massive Employment Layoffs

NASA sub-contractor to lay off 1,000 Space Shuttle workers

NY State Fair terminates union workers; thousands threaten boycott

Milan, MI city council refuses to hire for open positions as rumors swirl about a 200 person layoff at local auto supplier

MSNBC's Dylan Ratigan: Need For An Alternative Investment Structure Instead of the Corrupt Stock Market

"Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time," Ratigan said.

"The stock market at this point, which used to be a reflection of the future value of actual businesses in this country, has been turned by our government and our banks into little more than a paper shredding facility [about which] we can make up reasons why it goes up and down, but when the computers at the banks are controlling the action, most everything else is kind of silly."