Author Archives: admin

The Greatest Debt Spiral In Human History – And It’s Now Terminal.

If you’re going to go out, you might as well go out in style. Our national debt stood at $31,467,639,287,894.39 at the start of June. It is now worth $33,476,530,987,617.43. That implies that in just three months, we have added … Continue reading

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We Are Witnessing One Of The Greatest Financial Market Crashes In History Right Now

History is starting to repeat itself. In 2008, bond prices crashed before stock prices did. Here in 2023, bond prices are crashing again. In fact, we are currently witnessing one of the greatest financial crashes in U.S. history at this … Continue reading

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Gold Is Well-Positioned for When the Fed BREAKS Something

…and they BREAK something everyday! The gold market may not be able to break out of its neutral trading channel around $1,950 just yet, but it is well positioned to benefit when sentiment turns, which could be sooner than some … Continue reading

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Is the Money in Your Checking Account Yours or the Bank’s?

When Silicon Valley Bank and other banks failed earlier this year, the debate over the sustainability of fractional reserve banking resurfaced. Under fractional reserve banking, banks keep only a fraction of customers’ deposits in reserve. The difference is bank credit, … Continue reading

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New Warnings of Bank Collapse Surface Due to Massive Losses

Banks have now reported having more than $309 billion in unrealized losses for the second quarter ending on June 30 alone. The FDIC reported that all 4,645 FDIC-insured financial institutions had $309.6 billion in unrealized losses on held-to-maturity securities. According … Continue reading

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The US Consumer is Starting to Crack

Even as interest rates skyrocketed over the past 18 months, a good job market and strong consumer spending kept the US economy moving. This led to hope that a soft landing was coming, where the Federal Reserve could defeat inflation … Continue reading

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The Kiplinger Letter: U.S. Banks Closed 3,000 Branches Last Year

Banks are closing branches faster than they’re opening new ones. U.S. banks closed over 3,000 branches last year while opening just 1,000. JPMorgan Chase led in branch closures last year, shuttering 144 branches, while opening 133. The trend will likely … Continue reading

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Life In America Has NEVER Been More Unaffordable Than It Is Right Now

Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power … Continue reading

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Are We Being Misled by Leading Indicators?

Leading Economic Indicators See Us on Cusp of Recession Yet Again By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate. The Conference Board … Continue reading

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The Way to Save the Dollar

As I read about the demise of the U.S. dollar’s status in world trade, I’m struck by the misdirection and irrational “thinking” employed by our politicians and bureaucrats. In this article, legislators think another law, rule or regulation will solve … Continue reading

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