Devastating Shutdown of US Supply Chain Feared

Dock

Peter’s Commentary: One Week To Looming Port Shutdown 29 US West Coast ports could shut down within a week due to unsuccessful wage hike negotiations. These ports handle 43.5% of all containerized cargo in the US and are responsible for 12.5% of US GDP. Talks between the Pacific maritime association (PMA), representing port management and the […]

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Baltic Dry Index Collapse Causes Bankruptcy

Container Ship

Peter’s Commentary: The Baltic dry index has collapsed to all-time lows. Reuters reports that the privately owned shipping company, Copenship, has filed for bankruptcy in Copenhagen. The Copenship CEO stated “we have reached the point where there is not more to do.” Due to the ultra-low shipping fees, it is highly likely that many more […]

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“Buy Gold”, Short The Central Banks

Peter’s Commentary Jim Sinclair has been urging his subscribers at jsmineset.com for years to buy gold and thus become their own central bank. Now Marc Faber is essentially saying the same. From GoldCore.com, February 4, 2015 Faber: “Only one way to short central banks and that is to buy gold”. Marc Faber warned at the […]

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ECB Takes Hard Line With Greece

Shackled by Debt

Photo by stockmonkeys.com

Peter’s Commentary: The ECB called the Greeks bluff today. From Reuters, Paul Taylor, February 4, 2015 The European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens’ central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. The […]

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Ukraine Heats Up

Russian Tank T-90S

Peter’s Commentary I don’t care whether it’s Russia or America that is the aggressor, I just wish we could all calm down about the Ukrainian situation. The last thing I want to see is a”hot” Cold War. US Considering Sending Lethal Arms The New York Times reported on Monday that the United States is considering […]

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The Top 1% Worldwide

Income Inequality Chart

Peter’s Commentary: The top 1% of the world’s population have 48% of the world’s total wealth. The top 20% of the world’s population have 94.5% of the world’s wealth. Which leaves the remaining 80% with just 5.5% of the world’s wealth. And if you’re not rich, the trend is in the wrong direction. From Chen Weihua, […]

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January’s Investment Barometer For 2015

January Barometer

Well, you know what they say. As goes January, so goes the year. <More>

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How and Why Greece is Bluffing

Greek Helmet

Are the Greeks really going to do a Grexit (Greek Exit)? I’ve read several news stories in the last three days about Greece leaving the euro. Also about Russia being prepared to consider lending funds to Greece if asked to do so. However this story makes the most sense. From Sproutmoney.com, February 1. 2015: The new […]

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Underemployment Crisis

Underemployemnt

This explains clearly why so many people are underemployed, in jobs that do not make use of their many skills. Desperation. From Dark-bid.com, Daniel Drew,  1/27/2015 The latest corporate scam is to blame workers for the high unemployment rate. They say there is a skills gap. Even President Obama is in on the joke. In […]

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Google Has Amazing Plans

Google

Google is just coming into the market in my area with their high-speed Internet cable service. They have large plans for the future. From sproutmoney.com, January 28, 2015:Eric Schmidt, executive chairman at Google, claims that the internet will soon disappear. Although it is a remarkable phrase, it is even more remarkable to hear it from […]

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