Sierra Madre Precious Metals

The standard leftist refrain about “advanced capitalism” is that it amounts to “socialism for the rich and capitalism for the poor.” Like most leftist notions, this idea represents almost the exact opposite of the truth. The system they refer to is anything but socialism for the rich and capitalism for the poor. Capitalists do not want socialism for themselves and capitalism for the rest. Capitalists seek profit, which can only come under a capitalist system. Continue reading →

America’s increasing reliance on foreigners to lend us money could crater the dollar…

The United States has borrowed $18 trillion from foreigners since the Great Financial Crisis of 2008, a staggering sum that is nearly equal to America’s annual Gross Domestic Product. The notion that the dollar’s dominance in world finance might come to an end was a fringe view only five years ago, when America’s net foreign investment position was a mere negative $8 trillion. Notably, the net international investment position fell by $6 trillion between 2019 and 2022, roughly the amount of federal stimulus spent in response to the COVID-19 pandemic… Continue reading →

‘We think a hard landing will ultimately be unavoidable’

There’s a 35% chance of a downturn in the next 24 months, Goldman Sachs forecasts

Two years after the short, sharp pandemic-related recession, Wall Street is once again warning of a new recession on the horizon.

That’s not a lot to go on, but financial-planning experts say it ought to be enough to prompt people to come up with their own contingency plans. That’s especially so, considering the personal-finance scares that came earlier in the pandemic. Continue reading →

NOTE: The following is a matter of personal opinion – one which we do NOT share – for reasons that one MUST pay attention to. ~ Ed.

“I see Bitcoin as the life raft where you don’t have to worry about the Fed’s Ponzi scheme impacting traditional markets or if the economy crashes. You can opt into this parallel system that’s based on the rules that are set,” explained Natalie Brunell, Host of Coin Stories podcast. “When people finally understand Bitcoin, as our financial system unwinds and collapses, hyperbitcoinization will ensue because the dollar is no longer a safe haven.” Continue reading →

So what was the world’s best performing currency last month?

You guessed it: the Russian ruble. After plunging to 139 rubles to the dollar on March 7, the ruble staged a dramatic comeback to around 80 rubles to the dollar. That’s only slightly weaker than where it was for almost all of last year. The recovery is equally impressive when compared with the euro. At the end of February, it took 89 rubles to buy a euro. In early March, that climbed to around 145 rubles. Now it is down to 87.32. Continue reading →

Most people believe lending is associated with money. But there is more to lending. A lender lends savings to a borrower as opposed to “just money.” Let us explain.

Take a farmer, Joe, who has produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he agrees to lend for one year to another farmer, Bob. The unconsumed kilogram of potatoes that he agrees to lend is his savings. Continue reading →

Every time you turn around they are putting limits on what we can do, where we can go, what we drive, and what we can eat. Real meat is out. They want us to eat plant-based meat that is loaded with chemicals. Even our bank accounts are under attack. Biden wants the IRS to be able to access our bank accounts at will without our knowledge.

I may be wrong, but probably not, Continue reading →

“The greatest tyrannies are always perpetrated in the name of the noblest causes.” ~ Thomas Paine

The government wants your money.

It will beg, steal or borrow if necessary, but it wants your money any way it can get it.

The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national security complex that continues to undermine our freedoms while failing to making us any safer. Continue reading →