Robinhood was designed to appeal to the millennial generation of stock traders. With its slick design, commission free trades, and trendy catchphrases, (Let the people trade), Robinhood claimed it was all about ‘democratizing finance’ by making it simple.
Unfortunately, when it came to their own customers buying the heavily-shorted company GameStop, Robinhood decided to start stealing from the poor and giving it to the rich.’ The rich hedge funds, that is. Continue reading
This year will mark the 50th anniversary of President Richard Nixon severing America – and the world – from its last tie to the gold standard. The rapid devaluing of the dollar is the most obvious result. But another consequence has been an enormous national debt that continues to grow at a staggering pace. Most people don’t realize it, but this is a direct and intentional result of the current fiat money system. Continue reading
What you know you cant explain, but you feel it. You’ve felt it your entire life. Theres something wrong with the world. You dont know what it is, but its there, like a splinter in you mind, driving you mad. ~ Morpheus
“If I were a rich man,
Daidle deedle daidle, Daidle daidle deedle daidle dumb…”
By the time you finish reading this article, you may discover that you have many more questions than answers. When I decided to write this article, my objective was not to provide answers but rather to demonstrate to you that many presupposed airtight beliefs may actually be littered with holes. Rather than to provide answers that may bring curiosity to a halt with the end of this article, my objective is to have inserted many more splinters in your mind that drive you to seek more answers, to question the beliefs you already question, and to validate the truths you already know. Continue reading
Don’t ever listen to your employees – just spend their retirement into oblivion! ~ Ed.
A toothpaste factory had a problem: it sometimes shipped empty boxes without the tube inside. This was due to the way the production line was set up, and people with experience in designing production lines will tell you how difficult it is to have everything happen with timings so precise that every single unit coming out of it is perfect 100% of the time. Small variations in the environment (which can’t be controlled in a cost-effective fashion) mean you must have quality-assurance checks smartly distributed across the line so that customers all the way down to the supermarket don’t get pissed off and buy another product instead. Continue reading
We are coming to the point in the United States when even the US government will no longer be able to borrow at very low long-term rates. That point is a few years off, and we have time to change paths; but as I have shown in previous letters, the longer we wait to get the deficit under control, the fewer choices we have and the more painful they are. NO country can run deficits the size we are currently running, along with unfunded deficits over four times the size of the economy and a growing overall debt burden, without consequences. At some point, investors in bonds will start wondering exactly what the process is by which they will be repaid. And what will the value of those future payments be? Continue reading
“Rising inflation pressures in a low interest rate environment tell a very good story for gold prices in 2021,”
For many market players, 2020 will go down in the history books as the year of unprecedented stimulus measures.
According to the International Monetary Fund (IMF), $12 trillion has been pumped into global financial markets as governments and central banks worldwide have tried to stabilize the economy that was devastated by the COVID-19 pandemic. Continue reading
Gold will be the asset to beat in 2021, according to Bloomberg Intelligence, which sees the precious metal outperforming U.S. stocks.
“Gold may gain increasing reference as the performance benchmark to beat,” said Bloomberg Intelligence senior commodity strategist Mike McGlone.
Gold’s price advance of 2020 appears to be sustainable, McGlone said on Tuesday, noting that the current resistance of $2,000 an ounce will become the metal’s support. Continue reading
Milk has been hovering right around $2.29 for most of this year, in the Murfreesboro, TN area. This week, it jumped to $3.26.
The Economic Collapse of March 16th 2020 was not the product of anything brought about by COVID. The collapse was well underway by September of 2019 and long before COVID-19 was even on anyone’s radar.
The COVID Virus has been used as cover for the bad results from years of Government Officials’ and the Federal Reserve Bankers’ YEARS Of RISKY FINANCIAL “DEALS” / SCHEMES AND CRIMINAL MALFEASANCE AS IT RELATES TO THEIR FIDUCIARY RESPONSIBILITY TO THE AMERICAN PEOPLE. Continue reading
A run is a mass withdrawal of cash funds from a borrower. We are in the midst of a continuing worldwide credit crisis, punctuated by “runs” of varying prominence and publicity.
These runs are rational, not panics and not due to quirks of psychology. They occur when investors realize that their funds are endangered in an institution. They try to get them out before they lose them.
The danger comes when the institution no longer is getting cash inflows in sufficient amounts to pay off all its obligations. In businesses, this comes about through sour investments. In governments, it comes about through wasteful spending that fails to be recovered in tax revenues. Continue reading
