Silver As A Strategic Metal and Why Prices Will Soar

The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass website, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in 2000, the precious metals growth curve has been evident. Ever since the subprime bond disaster in 2007, followed by the Lehman strangulation in 2008, the precious metals growth curve has continued. It is suppressed like holding back a team of six stagecoach Clydesdale horses by simple leather straps held by mere men with computers on their backs. Ever since the QE inflation policy of monetizing the USGovt debt, the monetary role of Gold & Silver has never been more acute in modern history. But silver offers much more… Continue reading

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How The Investor Fundamentally Changed The Silver Market

While silver investors continue to be discouraged about the low price, the market has experienced a fundamental change that needs to be understood. Ever since governments removed silver from official coinage, over 50 years ago, the market has been supplemented by several billion ounces of silver. The majority of that supply has been depleted. Continue reading

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Will Millenials Ever Be Able To Retire?

but I need my retirement money

My oldest granddaughter (early 30’s) recently asked me that question. She and her husband have two children, a new home and are still paying off their college loans.

I can still remember when we lived from paycheck to paycheck, questioning why there was so much month left at the end of the money….

My response, “Sure, but when, and at what lifestyle, depends on many things; including decisions you make today.” Continue reading

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Video: Where Does the Federal Government Get All That Money?

Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me.

Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me, the individual income taxpayers. These are the taxes that come out of your paycheck or maybe you pay quarterly. Either way—it’s a lot of money, so it’s worth learning more about! So here are five things you didn’t know about the individual income tax: Continue reading

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Rise and Decline of the Welfare State

Class Struggle and Imperial Wars as the Motor Force of US History

Introduction
The American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state. Continue reading

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Student Debt Is a Symptom of Our Broken Education System

We are facing an education crisis in this country

While the value of continued education after high school is undeniable, our nation’s singular focus remains on the necessity of traditional four-year degrees, which come at a soaring cost to students and their families.

For many students, a classic bachelor’s degree earned at a brick-and-ivy university is a worthwhile investment that provides the necessary knowledge to succeed in their given field post-graduation. But that is certainly not the case for all students.
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The economy’s biggest mystery — paychecks just aren’t growing

Despite a mostly solid run of job growth, 2017 ends pretty much where it began — with a two-speed economy where wage growth is funneling to one end while the other lags behind.

Friday’s nonfarm payrolls report brought with it news all too familiar to the post-crisis economy. The 228,000 jobs created formed a solid foundation, but the pedestrian 2.5 percent average hourly earnings growth left many scratching their heads wondering how a 4.1 percent unemployment rate, the lowest in 17 years, still wasn’t producing fatter paychecks. Continue reading

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One world, One money

A global currency is not a new idea, but it may soon get a new lease of life

~ Foreword ~
In 1998 this Rothschild owned publication claimed we will be under a global currency by 2018. They also correctly predicted India going “cashless”. I think the global banking elite and the NSA/technocrats are behind Bitcoin/cryptos and the blockchain. An accepted “digital currency” is all they need, and people are FLOCKING to the idea, because of the promise of great profits. ~ Ed.

IN DIFFICULT times, people are allowed, even encouraged, to think the unthinkable. Some of the economists who propose capital controls as a remedy for recession in Asia claim to be doing this—but they are flattering themselves. Unthinkable? Malaysia just did it. Dozens of countries still use capital-account restrictions. And it is a cliché of the orthodox “sequencing” literature that a variety of such controls should be retained until other reforms are complete. Really, to think the unthinkable, you have to be bolder than this.

So here is an idea: global currency union. Let nobody call it boringly feasible, or politically expedient. Yet, like all the best unthinkable ideas, it has more going for it than you might think—in principle, at least. The idea is not new. Richard Cooper of Harvard University proposed a single world currency in Foreign Affairs in 1984, and he was not the first to think of it. It seemed an outlandish idea, and still does. But much has happened lately to make it worth a moment’s thought. Continue reading

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Life is a Stage… or Several

1935 (Lib. of Congress)

For Shakespeare the seven ages of man moved from the fifth, the established man of “Justice,” to the sixth, “the lean and slippered Pantaloon / With spectacles on nose and pouch on side,” essentially a wealthy fool, to the seventh, “second childishness and mere oblivion / Sans teeth, sans eyes, sans taste, sans everything.” Modern Americans might ask: But where is Retiree with golf club and RV?

This stage of life, which most Americans not only recognize but strive to enjoy (“having fun spending the kids’ inheritance,” reads one bumper sticker), typically commences with a distinct move, formally leaving the workforce and beginning to collect a pension. Giving up work at an advanced age is not new, but this official stage is a twentieth-century invention. Indeed, the phrase “retirement age” hardly ever appeared in American writing until the 1920s and then it became commonplace.[1] Continue reading

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Why Is the Rent So Damn High?

If you live in a big city you’re probably spending huge chunks of your paychecks just to keep a roof over your head. Is there any way to fix that?

WARNING: OH MY! Here we go again… The author of the following column is REAL loose with her mouth. BEWARE of the over-use of one particular foul word… BUT her Point-Blank approach is welcome. ~ Ed.

Jimmy McMillan, the founder of New York’s Rent Is Too Damn High Party. Illustration by Wren McDonald

I live in Stuyvesant Town, an 8,757-unit behemoth in New York’s East Village that’s likely visible from space. It’s a little like living in a mix between a college campus and a Florida suburb, which I like, plus it’s seemingly one of the only affordable places to live in Manhattan. Well, “affordable” with a caveat: I pay less to live there than I would if I was anywhere in Brooklyn, but only because I split a two-bedroom with a couple. Continue reading

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