The Nation in the Bubble

Why is the U.S. economy stagnating instead of booming? Simple: We have spent a year training Americans to believe that work is alternately unsafe, unavailable or unnecessary.

This week, the Biden administration received just the latest slap in the face from cruel reality: An economic report showing just 194,000 jobs added in the month of September, short of the 500,000 jobs forecast by most economists. The unemployment rate dived to 4.8% from 5.2% – not as a result of job gains, but as a result of more and more Americans dumping out of the work force. Meanwhile, inflation continued to pick up steam, with domestic labor shortages exacerbating supply-chain bottlenecks. Continue reading

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The Necessity of Avoiding Group Think For Future Financial Survival

For the past year now, I have been writing about the importance of not only avoiding group think and greatly increasing one’s ability to think critically but also of the necessity to get one’s finances in order. These two achievements are inextricably linked and cannot be separated from one another. However, my observations, over the last 18-months, of blind compliance of the masses to tyrannical lockdown mandates issued all over the world, but specifically to tyranny of an elevated nature in the Pacific Rim nations, has convinced me that very few among us, ever spend a single minute per month cultivating the ability to think clearly, reason intellectually, and to formulate conclusions based upon facts. This ability will be essential to financial survival in the next few years. Continue reading

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Social Security to become unable to pay full benefits sooner than previously estimated

A notice regarding measures in place during the coronavirus pandemic is displayed outside a U.S. Social Security Administration building in November in Burbank, Calif. AFP VIA GETTY IMAGES

Social Security’s trust funds will become unable to pay full benefits starting in 2034, one year earlier than estimated last year, its trustees projected Tuesday, as the COVID-19 pandemic forces a reassessment of the giant federal program’s finances. Continue reading

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“Gold, Mr. Bond!”

Goldfinger’ 2021 plot twist could be villainous for banks

Gert Fröbe as Goldfinger in the eponymous 1964 James Bond film. He hoped to lift the value of his gold supplies by setting off an atomic bomb at Fort Knox

In the plot to the 1964 James Bond classic, international gold smuggler Auric Goldfinger hatches a dastardly plan to enrich himself and his outsized gold holdings by setting off a Chinese-made atomic bomb at Fort Knox, the home of the US gold reserve.

Goldfinger’s rationale is that the nuclear fallout will render the US bullion unusable for many decades, impeding its mobility through the international financial system, and in so doing lift the value of his own unaffected supplies, thus making him the richest man in the world. Continue reading

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If iss FREE – it Muss be fo’ ME!

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Sez it ALL!

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Living In Inflation Crazytown On The Hyperinflationary Highway To Weimar

Das wird schlimm… Wirklich schlecht!

We haven’t had an extended bout of painful inflation like this since the days of the Carter administration, and our leaders in Washington have decided that the best way forward is to rapidly create even more inflation. They keep using words like “transitory” to describe the current inflation crisis, but then they turn right around and talk about the need to create, borrow and spend even more money. It is utter madness, but at this point there is nobody that is going to stop them. We are all passengers on a “highway to Weimar”, and those that have their hands on the wheel have gone completely nuts. Continue reading

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Cong. Louis T. McFadden on the Federal Reserve Corporation, May 23, 1934

Remarks in Congress: AN ASTOUNDING EXPOSURE
Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry. (Continue to complete publication…)

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SNAP benefits will increase to an all-time high

Gimme my FREE-bees

The 42 million Americans who rely on government help to pay for food will see the biggest-ever increase in their benefits starting in October, but some experts say it may not be enough to help hungry households put food on the table.

The U.S. Department of Agriculture on Monday announced the largest-ever increase in Supplemental Nutrition Assistance Program benefits, formerly known as food stamps. The increase will amount to 25% more per month compared to what recipients got before the pandemic.

That works out to a total of $157 in food benefits per person on average each month, a $36 monthly increase from before the pandemic, according to the USDA. Continue reading

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Gold still remains relevant 50 years after Nixon ended Bretton Woods Agreement

“I’m not a crook!”

Fifty years ago this Sunday, the gold market was completely transformed in only a matter of minutes after then-president Richard Nixon decoupled the U.S. dollar from the precious metal.

Although gold is no longer an official global currency, analysts note that with everything that has happened in the last 50-years the precious metal continues to play an important role in global financial markets and is still seen as a store of value among central banks, governments and investors. Continue reading

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