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 | George F. Smith - Barbarous Relic |
Gary North on central banking, gold, federal debt, and Keynesianism  |
| I have never met Gary North and probably never will.Yet, through his writings he has had a far-reaching influence on my thinking, especially with regard to government and economics.He runs a membership website, GaryNorth.com.For $14.95 a month you get access to everything on the site, including four daily articles that he writes six days a week and posts while most people are still asleep.Members can ask questions in the forums to which he and other members will post replies.
North wrote whatWednesday, February 17, 2021 |
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 | Nick Barisheff - BMSINC |
 August 15, 1971: Inflation Unleashed |
| The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon “closed the gold window”. In essence, this meant the US would no longer honour the Bretton Woods Agreement of 1944, whichSaturday, August 15, 2020 |
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 | Andy Hoffman - Miles Franklin |
| Silver Purchasing Power |
| This article was written for Miles Franklin by Gary Christenson.
We know:
a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913.
b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining.
c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by necesWednesday, March 14, 2018 |
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 | Mark O'Byrne - gold.ie |
| Gold Does Not Fear Interest Rate Hikes |
| – Gold no longer fears or pays attention to Fed announcements regarding interest rates
– Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it
– Higher interest rates on horizon will make debt levels unsustainable
– New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainable” debt load
– Higher interest rates are good for gold as seen in the 1970s and 2000s
– Gold markets aware that central banks are running out of Thursday, March 8, 2018 |
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| Andy Hoffman - Miles Franklin |
| Debt and Delusions – Part One |
| This article was written for Miles Franklin by Gary Christenson.
Quick summary: U.S. debt, spending and deficits are out of control. Thinking otherwise is delusional. The “runaway train” of debt creation will end tragically. Protect your assets from a mathematically assured disaster while you can. Buy and hold silver, gold and platinum.
The national debt of western nations plus Japan is a travesty that threatens national insolvency, a crashing financial system, and social stability!
WHY?
GoverThursday, March 8, 2018 |
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 | Chris Powell - GATA |
| New analysis sees return of trillion-dollar budget deficits |
| * * *
By Andrew Taylor
Associated Press
via Minneapolis Star Tribune
Friday, March 2, 2018
WASHINGTON -- Trillion-dollar budget deficits are returning next year, and $2 trillion-plus deficits are not far off in the wake of President Donald Trump's tax cuts and last month's big budget deal, a private group warned in a new analysis today.
The analysis, by the Committee for a Responsible Federal Budget, says that the separate tax and spending measures, along with increased borrowing costs, promise Friday, March 2, 2018 |
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 | Michael Ballanger |
| Stock Market Volatility Attributed to 'Shenanigans' |
| Back in January, I discussed the likelihood that global equity markets were approaching simultaneous tipping points beyond which legions upon legions of GenX-ers and Millennials would be thrown to the wolves by failing to recognize the financial mania engulfing them. I alluded to it being "Time for the Beast to Exhale," and within a few days, my volatility trade (UVXY) exploded to the upside as the "beast," better known as the global stock market ascent, finally exhaled and fell 3,300 Dow JonesFriday, February 23, 2018 |
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| Andy Hoffman - Miles Franklin |
| Did The Office Of Management And Budget Just Throw In The Towel |
| At some point you really have to begin to wonder if the U.S. government has simply given up on the idea of even pretending to have any sort of fiscal plan.
It’s almost as if they’ve stopped trying to even bother to maintain the appearance of solvency, and are just wondering how long it will take before the market notices and ends the charade.
A quick review is that the publicly stated debt is now over $20 trillion, with unfunded liabilities like Social Security and Medicare raising the real totaFriday, February 23, 2018 |
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| Andy Hoffman - Miles Franklin |
| The Right Question… |
| Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan. He is interested in pursuing a degree in business and is taking all the requisite (advanced) classes in economics.
He called me yesterday and asked me, “Which Fed Policy would be better, Quantitative Easing or Tapering and what can be done to make things better?” Geese Louise! When I was his age the only question I Wednesday, February 14, 2018 |
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 | Alasdair Macleod - Finance and Eco. |
| Unsound money is crucifying pensions |
| Deficits are mounting in pension obligations. It is a global problem over which pension trustees are helpless. It is also a problem that’s brushed under the carpet, with prospective and current pensioners generally unaware of the threat to their retirement. Investors in companies with defined benefit schemes, schemes which promise an inflation-adjusted entitlement based on final salary, generally ignore this important issue, as do most stock market analysts. Analysts know the deficits are there,Thursday, January 25, 2018 |
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 | Mac Slavo - ShtfPlan |
| Peter Schiff: The Economy Will ‘Blow Up Like A BOMB’ And Trump Will Be The Fall Guy |
| Peter Schiff isn’t known for mincing words or sugarcoating the evidence. The financial broker and economist said in an interview “the economy is going to blow up like a bomb,” and when that happens, Donald Trump will take all of the blame.
Not even a full minute into an interview with Alex Jones of Info Wars, Schiff says “it’s not a good thing” that the economy is going to crash and burn. “Unfortunately, that’s what Trump has inherited from Obama. But it’s not even really just Obama, it’s the fTuesday, January 23, 2018 |
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 | Richard Mills - Ahead of the Herd |
| Bond Market Bear Creating Gold Bull |
| Gold is climbing as bond yields rise and the dollar falls, over speculation that China is pulling back on buying US Treasuries and Japan signals it is winding down its quantitative easing program. Meanwhile, US debt continues to grow after the Republicans under President Trump pushed a trillion dollars worth of tax cuts through the Senate, that the Congressional Budget Office thinks will add $1.7 trillion to the deficit over the next decade.
The dollar, 10 year yields and golds price
Saturday, January 20, 2018 |
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| Mac Slavo - ShtfPlan |
| Health Ranger: The ONE THING That Could Finally Collapse Big Pharma FOR GOOD |
| According to Mike Adams, The Health Ranger, there’s one thing that could collapse big pharma and end their reign of terror on the American people, and it may have already begun.
“The day is going to come when the pharmaceutical model will collapse. And that day will probably coincide with the day that the debt based model of global debt and governments with central banks printing fiat currency to fund all of their debt obligations…that day, that’s all going to come to an end as well,” said Mike Saturday, January 6, 2018 |
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 | Mish - Global Economic Analysis |
| Progressive Nonsense of the Month: "Guaranteed Jobs" |
| Should people have a guaranteed basic income? How about a guaranteed job?"Down With Tyranny" (DWT) asks What Sounds Better To You-- Guaranteed Basic Income Or Federal Job Guarantee?
That's a lot like asking: Would you rather lose your left leg or right arm to cancer?
Striving for "Full Employment"
DWT claims defines full employment as "everyone seeking a job gets one."
"Federal jobs could provide socially useful goods and services," says the socialist website. The claim is debatable. SomeoTuesday, January 2, 2018 |
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| Andy Hoffman - Miles Franklin |
| Part 3 Sleaze, Various Other Truth Bombs |
| We scratched the surface on Government, finance, politics and the rule of law so far. Today, let’s take a look at sleaze and fraud. The sleaze part is not just “sensational”. It is important because in many cases it crosses any decent person’s red line and should piss anyone off who reads it or discovers it.
The first part is certainly not all inclusive but is wide ranging. That said, 2018 looks to be shaping up as barn burner for the arrests of child molesters and human traffickers. NoSaturday, December 30, 2017 |
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 | Stewart Dougherty |
| The War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat (Part 2) |
| Dictatorship (noun): Definition #3: absolute power or authority (Websters); Def. #2: absolute, imperious or overbearing power or control (Random House);Def. #3: Absolute or despotic control or power (American Heritage);Def. #3: Absolute or supreme power or authority (Collins English Dictionary);Def. #1: A type of government where absolute sovereignty is allotted to an individual or small clique (Wikipedia).“If you know the enemy and know yourself, you need not fear the result of a hundred battleSunday, December 10, 2017 |
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 | James Howard Kunstler |
| The Old Songs |
| What if the fun and games of 2017 are over? The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation’s attention. We’re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next door in the big tent.
It probably all comes down to money. Money represents the mojo to keep on keeping on, and there is probably nothing more unreal in American life these days than the way we Friday, November 24, 2017 |
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 | Michael Pento - Delta Global Advisors |
| Soaring Deficits Force Treasury into Foolish Gambl... |
| The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing that the national debt is already over 105% of Gross Domestic Product (GDP), at nearly $21 trillion, and with an additional $10 trillion projected to be added Wednesday, November 22, 2017 |
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| Michael Ballanger |
| Hypocrisy Most Foul. . . |
| As you all know by now, I have absolutely zero knowledge of anything related to the "blockchain" technology, which translates into "I don't own Bitcoin and would not touch HIVE Blockchain Technologies Ltd. (HIVE:TSX.V; PRELF:OTC) with a barge pole." That also means that I am constantly being reminded, primarily by those considerably younger than me, that geriatric anchoring is costing me (and my readers) a great deal of money by avoiding the space which, as you can see from the chart below, has Monday, November 6, 2017 |
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| Andy Hoffman - Miles Franklin |
| Asking the Wrong Questions |
| This article is NOT relevant to High Frequency Traders, Hedge Fund Managers, the political and financial elite, or central bankers. It is relevant if:
You sense or know much is wrong in our financial world…
You worry that the furious rally in the stock market since 2009 might be close to a peak…
You know that exponentially increasing debt can’t continue forever…
You think that a 36 year bond bull market might have rolled over…
You own no politicians and have no Senators on speed-dial…
You are wMonday, November 6, 2017 |
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