Month: May 2010

7 miles east of the rig blowout is a massive plume of oil escaping and creating a layer of oil nearly 400 ft thick and the footprint is now bigger than Maryland and Delaware.  They believe this plume is spilling 120,000 barrels per day.  See: http://news.yahoo.com/s/ap/20100531/ap_on_re_us/oil_spill_mysteries_of_the_deep    This is in addition to the 1,000 barrel per… Continue reading Catastrophic Timing

The BP oil spill continues to decimate the economy of the Gulf States.  Add a potentially active hurricane season and you have a recipe for disaster.  NOAA projects an 85% probability of an above normal hurricane season.  See: http://www.cpc.noaa.gov/products/outlooks/figure1.gif  If we have one major hurricane entering the Gulf of Mexico while the oil spill is… Continue reading The Realities of this Summer

Our current economic model is faulty and will lead us into the “Stagflation Trap” Stage 1:  Negative real interest rates.  When the interest rate is adjusted for inflation, the resulting rate is negative.  For instance, the bank pays you 1% and the inflation rate is 3% then the real interest rate is –2%.  Your principal… Continue reading Stages to Economic Destruction

The Euro is in deep “doo doo”.  The U.S. unfunded liabilities and deficits cannot be paid, the math just doesn’t add up.  Peak oil is here but traders look at immediate demand to determine price.  You cannot get the truth from Economic Officials because they want to manage “perception” for the greater good, thus they… Continue reading Economic Minefield: The Final Stages toward default

I consider this blog category of Biblical Economics as the fringe versus the “Establishment”.  The Establishment wants to be in control and maintain that status of control over its citizenry.  At the center of this control is self-interest.  On the other hand, “fringe” thinking results from Love being at the center of thought.  It is… Continue reading At the Fringe

There is a tremendous amount of paper money swirling around the globe.  The various central governments created the very monster that will attempt to consume them… all for a buck or two.  With interest rates being held at a sustained low, money is looking for a return.  Shorting currencies is one such method of creating… Continue reading The Wolfpack is on the attack

There has substantial manipulation of gold & silver prices over the last several years and everybody knows it.  Regulators turned a blind eye to the issue until know.  Once the voters caught wind of the alleged corruption in the financial markets, the government finds it necessary to bring some of the players to justice.  Otherwise,… Continue reading Gold/Silver moving to next phase

What is a hyperinflationary depression?  A depression is a severe contraction in the Gross Domestic Product over multiple quarters.  To date, there is no consensus on the meaning of “severe”.  The Great Depression in the 1930’s is our only true benchmark for this country.  The term “hyperinflationary” is a severe increase in money supply which… Continue reading Planning for the near future.