Amid a wave of coronavirus panic buying, no product has proven to be more prized than good ol’ toilet paper — no matter how many plies.
The mass buying spree has many wondering why people choose to stockpile the basic necessity, which has many alternatives, albeit not quite as comfortable. Continue reading
We haven’t seen anything like this since the last financial crisis erupted in 2008. Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago. On Monday, the Dow Jones Industrial Average fell 2,013 points. To put that in perspective, the largest single day decline that we witnessed in 2008 was just 777 points. Continue reading
The world is facing the gravest economic and social downturn in Modern Times. Sell the Dow and buy gold. Here’s why…
This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come. This should come as no surprise to the people who have studied history and also read my articles for the last few years. Many others have also warned about the same thing. But since MSM never talks about the excesses in the world or the risks, 99.9% of people are totally unprepared for what is coming next. Continue reading
I have never claimed to be an economics “expert” or anything remotely close, but my university years did make me well familiar with certain aspects of higher math as course requirements and quantitative methods of social science research, especially as applied to the demographics of any particular culture and society. So, through this prism and the perspective of largely a layman on the topic, I have looked at all the numbers I could find on this topic, and I attempted to condense them to a core of those most pertinent, in order to present a fairly comprehensive overview of where America’s economic future currently stands. Continue reading
While the public cannot identify exactly how the system is rigged, it is nonetheless correct: elites in business and government collude regularly to run the American economy to their own advantages and have increasingly done so for decades.
IT IS no secret that Americans have rebelled. On both the left and the right, people have made clear their disgust with business-as-usual. For the Republicans, the Tea Party rebellion began to alter the established party, and the election of Donald Trump rendered the change nearly complete. A comparable rebellion against established practice has pulled the Democratic Party far to the left. Polls show a common complaint: that the system is “rigged” in favor of a self-serving business and government elite. Continue reading
The Union’s financial success depended on military success. As presidential aide John Hay wrote in an anonymous newspaper article in January 1862 when any movement by the Union Army was stalled: “The Secretary of Finance has displayed wonderful zeal and ability in filling a bankrupt treasury and supplying the sinews of war. In this respect, Mr. Chase has accomplished a herculean task, but all his plans and efforts will end in ruin unless followed by wholesome legislative enactments and decided military movements. Already the treasury notes have commenced to depreciate, and a few months of Congressional and military inaction, they will sink to a level with the old Continental Scrip or the assignats of the French Revolution.” Continue reading
A lump sum on a 401(k) statement may give investors a false sense of security about their future retirement income.
A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — but it may not mean as much in your retirement as you think.
As part of the new Secure Act, plan sponsors will have to show Americans how their account balances translate into monthly income. The new retirement law, which was passed in December, aims to provide investors with a clearer picture about whether or not they’re on track to retire. Continue reading
(So, two nights ago), Donald Trump (delivered) his third State of the Union address. (Like) his past speeches … we know (that his) speech (was) filled with a number of exaggerations and outright falsehoods — especially when it comes to the economy.
Since he signed the bill two years ago, Trump has heralded the 2017 Tax Cuts and Jobs Act as this administration’s greatest accomplishment, declaring that it is “helping everybody so much.”
But this couldn’t be further from the truth. Continue reading
Introduction
There has been very little commentary in recent years about the benefits of sound money, being limited almost entirely to followers of the Austrian school of economics. Even less has been written about how to back out of inflationism, end unsound money and return to a monetary arrangement which cannot be corrupted by governments and the banking system.
The most notable attempt was by Ludwig von Mises who appended a chapter on the subject in his updated 1952 version of The Theory of Money and Credit ~ Part Four The circumstances were very different from that of today. At that time, the US had corrupted its gold exchange standard to progressively exclude the ability of individuals to demand gold for paper dollars. And both Keynesianism and socialism, in the West at least, were in their earlier days. Today, we face more of an end game where considerable damage has been done since to the status of circulating money, and we face the prospect not of reform but of a collapse of the entire fiat money system… Continue reading
Air Force veteran falls to the ground when he’s told the mouth-watering value of his watch
Wait… how much?
Time to call a financial planner.
As a member of the U.S. Air Force stationed in Thailand in the early 1970s, this particular veteran has certainly seen a lot over his lifetime,
But he clearly didn’t see this coming… Continue reading
