The Destruction of the US Dollar Continues
The government actually likes inflation and rising prices because the national debt is so obscenely large. But for us, inflation is a disaster. If you put $100 in a savings account 10 years ago, you wouldn’t be able to buy as much with it today as you could have back then. Saving money actually COSTS you purchasing power.
May 22, 2018 | Simon Black |
Until Debt Do Us Part
On average, the US national debt increases by $52,000 per second. That’s more debt in a split second than the typical American worker earns in an entire year. And there is no end in sight. What does our growing debt mean?
May 21, 2018 | Lawerence Thomas |
Breaking Down America’s Worst Long-Term Challenges: #2 The Looming Retirement Crisis
The Federal Reserve’s most recent Survey of Consumer Finances, for example, shows that the median bank balance among US consumers is just $2,900. And Bank of America’s annual report from last year showed that the average balance per HOUSEHOLD (i.e., not per person) was $12,870, which is actually LESS than the average account balance that Bank of America reported in 1997!
May 17, 2018 | Simon Black |
Blowback Begins: EU to Ditch Dollar in Payments for Iranian Oil
The dollar’s collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating US dollar transactions. Just one more nail in the US dollar’s coffin. Its collapse is all but imminent at this point.
May 17, 2018 | Mac Slavo |
China Gold Demand Off to Hot Start
It looks to be another boom year for gold. Investors are anticipating a continued demand for the precious metal for the fifth year in a row, driven by geopolitical uncertainties and less-than-strong predictions for the US economy and the US dollar in 2019.
May 15, 2018 | The Gold Telegraph |
This Is Going to Turbocharge Upside Moves in Gold and Silver
If you ever hear anyone say there is no inflation, just show them a 30-year chart of the CPI index. The ongoing inflation is going to be the fire under the rocket of precious metals.
May 10, 2018 | King World News |