American household debt hit another record high, rising to $13.5 trillion in the last quarter, driven by $9.1 trillion in mortgages. The total is now $837 billion higher than its previous peak in 2008, just as the last recession took hold.
Along with an unusual jump in student-loan delinquencies, the debt load could provide another signal that the U.S. economic expansion is flagging. Continue reading
“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.” ~ John Adams
In 2016 Governor Gerry Brown signed into law SB-3 which would phase in a series of increases in California’s minimum wage until it finally reaches the goal of $15 per hour in 2023. This was done to provide a ‘living wage’ for those working minimum wage jobs. I’m telling you right now, you may as well start stuffing little squares of toilet paper in your wallets and purses, because if you don’t learn about the nature of coin, credit and circulation it will have about the same value as the money you currently use to purchase goods and services. Continue reading
The Eruption of Vesuvius, 1768 by Francesco Fidanza
I have previously written how the academics have REFUSED to revise history even when the evidence has been right in their face. I have previously written that the date for the eruption of Vesuvius could not possibly historically correct based upon a single coin that was discovered in the dig. My position based upon a single coin has now at last been confirmed by writing on a wall recently discovered. This time, they have NO CHOICE!!!! (Continue to Metropolis Café)
The Looting Bankers
Many of us do think that something isn’t quite right with the world economy. One in a million actually understands, where does it go wrong? Powers that be, do not want you to know about it as it’s your ignorance which keeps them at the top of the financial food chain. I don’t know of any other example in history where so many were looted by so few.
Modern banking system creates money faster than our hearts beat. However, they make it so complex & unintelligible that none but they alone, understand it. All economies work pretty much the same way but since most of the global transactions use US dollar, making it the majority of the world’s currency, I will exemplify the US system. Continue reading
We all run after money, but most of us do not even attempt to understand the way it’s generated. We can’t be blamed much, since it’s been made complex, on purpose, so as to keep commoners ignorant about it – who are, otherwise, quite able to change this evil system. The fundamental question we need to ask ourselves is if we know the difference between Money and Currency. If we don’t, then we are totally out of sync with what’s happening out there. It’s extremely common to think that both are the same. The currency (from the word Current) has no value but is a medium of exchange that enables us to buy things of value. The money, on the other hand, has an intrinsic value. Continue reading
Q: How do you get your broker out of a tree?
A: Cut the rope. ~ Common joke from October 1987
It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation by the end of the week, the remaining cash balance totaling slightly over $16,000. Continue reading
The widely-accepted “history” of America’s Gilded Age was grossly inaccurate, but it told a compelling story that many fell for hook, line, and sinker…
Continue reading
Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email: gold@kettlemorainepreciousmetals.com
So long as the people in charge insist on governing the financial system through rules that no individual or group of individuals can hope to master, they will continue to overlook looming crashes.
It is a decade since the financial crisis, and no one is happy. Progressives like Elizabeth Warren and John McDonnell think the guilty bankers went unpunished. Free-marketeers despair over the absence of meaningful reforms to discourage risk-taking on the taxpayer’s dime. Ordinary people across much of the West have only seen tepid growth since 2008. In response, they are turning to political extremes that promise protection from competition and change.
There is broad consensus that three key factors led Western economies astray in late 2008. Continue reading
A stash of fifth-century gold coins worth millions has been found buried in a pot under an Italian theatre.
Builders demolishing the former Cressoni theatre in Como were stunned to discover the cache last Wednesday.
The Roman coins will be examined and dated before ending up in a museum, officials said.
According to Italian media, the coins could be worth millions of euros.
Local archaeologist Luca Rinaldi told Qui Como: ‘We cannot speak of a precise value because they are not a marketable commodity, but certainly it is an exceptional find and therefore of inestimable value’. Continue reading
