Rojelio's picture

How important is debt elimination right now?

Let's assume peak oil is real and hyperinflation is coming soon. How important is it to eliminate debt from your life right now?

My mortgage debt load  is manageable unless I lose my job. However my $172K mortgage on a presumably $275K house cannot easily be paid off in the next 5 years, especially if one wants to buy guns, gold, medicine, food, water purifiers etc....

I'm new so my apologies if this has been posted already.

plato1965's picture

Jim Rickards - Economics and National Security.

Came across this interesting recent lecture by Jim Rickards at John Hopkins Univ.. his thoughts on how the economic endgame will play out.

Amazed at how similar his views are to my own.

Quite interesting to see the reactions / awareness of the audience too.

investorzzo's picture

Who's Lying?

Have you noticed the latest sound bites coming from the punditry in the corporate mainstream media? Here is the latest wisdom flowing from the lying mouthpieces of the ruling oligarchy (Wall Street, Washington DC, Mega-corporations):

The economy is recovering and employment is growing.

Consumers are deleveraging, saving and using cash for purchases.

Retailers are doing fantastic as consumers increase spending.

rickets's picture

Mortgage Rates Spiking

Mortgage rates are spiking dramatically in the past week, on top of a dramatic rise in the past 6 weeks.  This, coupled with treasuries tanking, and municipal bonds at 18 month lows indicate all is not well.

Often, bonds and interest rates are leading indicators into major market moves.  Given the action in commodities today, looks like we might be at another interesting point in the economy.

Jbarney's picture

Stephen Leeb


First time poster.  Just thought I would start a thread about this man's ideas, although I know they have been discussed in other places.  I won't get into the long history of when and how I started to "get it" that, the world is rapidly changing and preperations must be made...but...

Poet's picture

Taking Down America by Alfred W. McCoy

I read a really interesting article that outlines several scenarios for the end of American hegemony, all supposed to take place by 2025. Personally, I think we'll be lucky if it lasts that long. I'd love to get some of your thoughts on the scenarios after reading the article. How plausible are they? Or will it be something else?

Nichoman's picture

Mish: Simultaneous Games Of Chicken Article

Mish Shedlock has written an outstanding article "Simultaneous Games Of Chicken".

Consider this one of the best posts I've seen of...where were at...why and what possibly will unfold in quite a long time.

WARNING: This is a long, serious post...but delves into many of the subjects discussed here and at other sites.

Offer this thread as an opportunity for information, education discussion and further understanding.

Tall's picture

Analyst publishes on link between energy avalability and recessions

It is nice to see this published in a peer-reviewed journal.  An analyst who gets it!  The author also proposes a new way to calculate and assess EROEI.

ScienceDaily (Dec. 2, 2010) — An overlooked cause of the economic recession in the U.S. is a decade long decline in the quality of the nation's energy supply, often measured as the amount of energy we get out for a given energy input, says energy expert Carey King of The University of Texas at Austin.

investorzzo's picture

Silver: the best commodity investment in a stimulus-driven slow recovery

Supply is Low and Declining: The current estimated supply of refined silver has come down to less than 200 million ounces from 2.2 billion ounces in 1990 and 1.5 billion ounces in 2001. In 1900, there were 12 billion ounces of silver in the world. It is estimated that 90+% of the refined silver has been eaten away by a chronic deficit in mined silver and industrial usage in global photography, technology, medical, defense and the electronics industries. Since 1990, industrial demand has averaged 1.56 times of the yearly mine production.

DRHolden's picture

Any predictions for 2011 and beyond

I was wondering people's thoughts about 2011 and beyond.