We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Continue reading
The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter.
This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other factors driving the price higher before the Middle East started flaring up again.
And there will be plenty more after these tensions cool down. Continue reading
Seeking out the most efficient and most secure route to owning gold, and converting it into widely-accepted currency, is the next best thing to enjoying gold-backed currency. In a world of central bankers hell-bent on devaluing your savings you need your own private gold standard.
Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 602 – 799 – 8214
gold@sierramadrepreciousmetals.com
Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic.
The share of credit card borrowers who are at least 90 days past due on their accounts will probably tick up to 2.01% next year, the highest level since 2010, according to a forecast by TransUnion. Still, the credit-rating company said the increase isn’t a cause for concern, noting that bad card debt still remains much lower than the level seen during the last recession.
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There have been three central banks in our nation’s history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as “fractional bankiing.”
“If I were a rich man, Daidle deedle daidle, Daidle daidle deedle daidle dumb…”
The FED is a central bank. Central banks are supposed to implement a country’s fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable.
Central banks also do business, such as currency exchanges and gold transactions, with other central banks.
In theory, a central bank should be good for a country, and they might be if it wasn’t for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit… Continue reading
Some people see a “Mad Max” scenario might be coming because of the enormous unpayable global debt. Financial writer and professional trader Rick Ackerman contends, “I am a little more bearish than that. I see a Mad Max scenario as inevitable. . . . I try not to think about it because we’ve all got lives to live and kids to raise. . . .
When you go back to the calculous of deflation and that every penny of every debt must be paid, if not by the borrower then by the lender, we have already put ourselves into a condition where Social Security is going to fail. Medicare is going to fail. All the ‘just-in-time’ deliveries are going to be in jeopardy. Food from the grocery stores, one day shipping from Amazon, I don’t see how all these thing s can continue to operate in a condition other than in the false prosperity that we have now. We are at the pinnacle of affluence.”
International Man: Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something only the rich would have to pay. Continue reading
What fools we have running the nation. We haven’t had true capitalism in over a hundred years, and what everybody who has bought the flawed concept doesn’t understand is that the supposed “Great Economy” is a pure fabrication and manipulation that cannot and will not last, and it has been so constructed, that when it does implode upon itself, the results will be much more devastating than if the government and the Fed had kept their hands out of it.
But then again maybe I’m the fool. I do believe in a free market capitalist system 100%, and I also understand that the current over-regulated fascist system has picked winners and losers over the century and created a great deal of the current wealth inequality we now see. A correction must come about to close the gap between those who take the risks of starting businesses with their capital and those who provide the skills and labor to run those businesses. And with that said, I will also add there is nothing at all wrong with anyone making a fair profit from the sweat of their own brow, initiative and talent.
“We are living in a system of the banks, by the banks and for the banks, and that is the reality…” ~ G. Edward Griffin, author of ‘The Creature from Jekyll Island‘ Continue reading
October 28, 1929 – 90 years ago – is known as ‘Black Monday’ in financial circles.
The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381.
But throughout September and October, nervous investors began pulling their money out of the market.
And over a three day period in late October (including Black Monday), the market lost more than 30% of its value. Continue reading
