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The Irresponsibles

There is only one thing more painful than learning from experience, and that is not learning from experience.” ~ Archibald MacLeish

We all make choices, but in the end, our choices make us.” ~ Andrew Ryan as a character in Bioshock

It will be interesting to see if Dandy Don and the Republicans can get their own house in order.

The party leadership, particularly in the House, encouraged the frivolous use of Congressional time with their fifty odd and meaningless votes to repeal Obamacare. They are now so used to acting like powerless frat boys, that they can’t seem to buckle down and get to work.

Well, maybe that is not all that bad, all things considered. Continue reading

Dateline: March 21, 2017

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US Wholesale Used Car Prices Plunge
With massive incentives on new vehicles, I say, let’s see. Regardless, it’s pretty clear that car sales are slowing, and it takes bigger and bigger incentives to push them out the door… (Continue to full article)

Is Demand For Physical Gold Really Collapsing?
Remember, the end user of minted bullion products is largely the retail buyer. In the first two months of 2017, real wages have declined. Even more negative for retail sales of any sort is the fact that real disposable income has been declining on a year over basis since December 2015… >Continue to full article)

Silver 1/70th The Price of Gold – Silver Eagles Buying Jumps
Silver to rise “faster than gold.” Silver Eagles (1 oz) sales jump to 715,000 this week. Demand “strong” and “supply may drop following mine closures”… (Continue to full article)

How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash
Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

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Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

Dateline: March 20, 2017

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Arizona Challenges the Fed’s Money Monopoly
History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare… (Continue to full article)

How safe is your physical Gold?
Here’s a quick checklist of the three most common places to store your gold. My friend overlooked one of the basic rules of home storage, so I hope you’ll review where and how you store your precious metals so that you can avoid the same pain and loss he experienced… >Continue to full article)

The Weimar hyperinflation – 1923 – Germany
The most famous of modern monetary disasters occurred in Germany in 1923. The indirect cause of the German hyperinflation was the Treaty of Versailles, which brought to a close the First World War. More directly it was the level of reparations which the German people were required to pay to the victors… (Continue to full article)

The World Will Hyperinflate Into A Gold Standard
The world has (finally) realized that a country with the reserve currency is not something a country should want and that the dollar can fail. The danger is that it will fail to soon… (Continue to full article)

Greenspan has taken the horse to the water
Note that the Fed’s contingency plan to steer away from hyperinflation is essentially deflationary. It is designed to massacre all short sellers of dollars mercilessly by relentlessly pushing interest rates further down. The trouble with this plan is that it makes bond speculation on the long side of the market risk-free. If you now recall that speculators… (See next column link) (Continue to full article)


How the Fed Operates — And Why It’s a Problem

We are often asked about the mechanisms by which the US Federal Reserve Board (the Fed) influences the level of US interest rates and whether these mechanisms also influence the level of the US money supply. It has long been regarded that the Fed no longer inflates and contracts the money supply but rather simply acts to target interest rates. The purpose… (Continue to full article)

Banks Are Evil
It’s long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under — the banks control it all. And they run the system for their benefit, not ours…. (Continue to full article)

Silver Market Poised For Big Reversal When Institutional Investors Move In
The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments. This is not a matter of if, it’s a matter of when. And the when, could be much sooner than we expect due to the huge problems with the U.S. debt ceiling deadline on March 15, 2017… (Continue to full article)

10 Compelling Reasons To Add Physical Silver To Your Portfolio
It’s natural and even prudent for an investor to wonder if a particular asset is a good investment or not and that’s especially true for silver, since it’s such a small market and doesn’t carry the same gravitas as gold. At this point in history, however, there are 10 compelling reasons to add physical silver to your portfolio… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

50-Year Look at the Dollar’s Purchasing Power vs. Gold

To understand the impact of inflation on the US dollar, it’s helpful to compare its purchasing power to gold over time. Fifty years ago, the dollar’s value was quite substantial, but over time artificially low interest rates and money printing by the Fed have helped erode the greenback’s potency. In contrast, gold’s unique ability to preserve wealth and purchasing power is easy to see when compared to the dollar over the same time period.

The following infographic shows the difference between two different savings scenarios:

An American stores $3,500 in a safety deposit box in 1967 and takes it out in 2017.

An American stores $3,500 worth of gold (100 oz) in a safety deposit box in 1967 and takes it out in 2017.

If each person then went on a spending spree, here’s what could they buy.

Continue reading

Dateline: March 10, 2017

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Gold And Silver: Legal Weapons Against The Deep State
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.” – Alan Greenspan, “Gold and Economic Freedom”… (Continue to full article)

Gold to jump $200 by end of year
Gold may be under pressure in the run-up to the next Federal Reserve rate hike, but prices are expected to rally by around $200 by the end of the year, according to the corporate and investment banking division of Bank of America… (Continue to full article)

Arizona Senate Committee Passes Bill To Treat Gold As Money, Remove Capital Gains Tax
Today, an Arizona Senate Committee passed a bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. Former US Rep. Ron Paul testified ahead of the vote, proclaiming, “paper is not money, it’s a substitute for money and it’s fraud.”… (Continue to full article)

What is the root cause of a gold bull market?
If the future were 100% certain then there would be no reason to have any monetary savings. You could be fully invested all of the time and only raise cash immediately prior to cash being needed. By the same token, if the future were very uncertain the… (Continue to full article)

Gold Investing 101 – Beware eBay, Collectibles and “Pure” Gold Coins that are Gold Plated
Gold Investing 101 – Beware eBay, Collectibles and “Pure” Gold Coins that are Gold Plated (Part I) Investors looking to gold again but gold buyers need to exert caution ‘Wolves of Wall Street’ ready to hungrily gobble up life savings of unsuspecting ‘widows and orphans’ Like all markets are few bad apples in gold market Need to do due diligence on company buying from Avoid companies marketing gold plated coins as “pure gold” coins Collectible… . (READ next column link as well) (Continue to full article)

Beware: The Ide(a)s of ‘Rare Coin’ Dealers
An expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them! (Continue to full article)

Sound Money Is Rising at the State Level: “Will Open The Door For Citizens To More Easily Use Gold And Silver
In the last few days, Fed heads have made it very clear that they want to hike thOfficials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by… (Continue to full article)

Silver Market Poised For Big Reversal When Institutional Investors Move In
The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments. This is not a matter of if, it’s a matter of when. And the when, could be much sooner than we expect due to the huge problems with the U.S. debt ceiling deadline on March 15, 2017… (Continue to full article)

Silver Very Undervalued from Historical Perpective of Ancient Greece
What wages in ancient Athens can tell us about the silver price today – Wages paid in silver in ancient Athens compared to wages today – Silver massively undervalued compared to the past few thousand years… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

Glass-Steagall Essential Banking Regulation

The central struggle since the inception of the Republic has been about the control of money. Since the U.S. Constitution clearly defines coinage, the objective of the mercantile elite was to circumvent the law and establish a National Bank. Woe to any defender of President Andrew Jackson for abolishing the Second Bank of the United States and rendering the Bankster Nicholas Biddle to his ignominious place in hell. This victory for the common man was ultimately betrayed when the Federal Reserve Central Bank was instituted with all the ills of fractional reserve banking.

Since this treachery, the country was placed completely under the bondage yoke of debt created money. In the age of J.P. Morgan, the Jackals of Jekyll Island were able to implement the Rothschild scheme of the issuance of money by a private bank with the passage of the 1913 Federal Reserve Act. The inevitable reduction in purchasing value of Federal Reserve Notes and increase in the national debt provided the backdrop to the conditions that resulted in Black Tuesday October 29, 1929. Continue reading

Dateline: March 7, 2017

Say pardner – me an’ Curtin been out at the mines, diggin’ out a new load o’ goods. We figgered t’ be back sooner, with somethin’ good fer y’all. Well – we is here, but I sure ain’ta seein’ much but bad news all the way’ze ’round. ~ Howard

 

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AT&T Agrees to “Re-source” Jobs Back to United States
The union representing AT&T workers in five southern states announced on Thursday that it had reached a tentative agreement with AT&T Southwest that includes a promise to hire 3,000 American workers to do jobs previously done overseas… But GM is laying off 1,000 workers for the summer. Car sales must be getting slow… (Continue to full article)

Another big company leaves California
The $26-billion-a-year food conglomerate is discreet, of course, about its reasons, citing a desire to be closer to its core customers and other bland corporate pabulum. But the fact is, Nestle and its corporate brethren in California that actually make things are overtaxed and overregulated, and elected officials treat them not as honored members of the community but as rapacious pirates… (Continue to full article)

Did the USA Declare Bankruptcy?
In 1913, Congress signed a surrender treaty to the international banking cartel. Congress ceded its sovereignty to the Federal Reserve by surrendering its money printing authority. The 16th amendment sold all US citizens into slavery via the income tax. After 1913, bankruptcy was inevitable, although it wasn’t formally declared until later… (Continue to full article)

Half Of Americans Can’t Afford To Write A $500 Check”
57% of Americans don’t have enough cash to cover a $500 unexpected expense, according to a survey from Bankrate…. (Continue to full article)

The Myth of Gold Confiscation
If we experience a debt crisis, as many economists believe is inevitable, many people believe that their holdings of gold and silver bullion will be confiscated, just as in 1933. This article reviews the probability of confiscation and compares it to other more likely measures to generate government solvency.An appropriate starting point when… (Continue to full article)

Central banks and gold
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually lead to a new policy direction.For now, that is undecided, beyond a growing acceptance that today’s monetary policy… (Continue to full article)

Inflation, the Dollar and Gold
In the last few days, Fed heads have made it very clear that they want to hike the Fed Funds Rate at the March FOMC meeting, which concludes on the 15th, despite recent… (Continue to full article)

Silver Once Again Gets Tossed in the Meat Grinder, Billions of Dollars Wiped Out
Just take a look at the above chart. I agree, it is a disgusting, nasty image and one that represents a wiping out of roughly $2 billion dollars of value in the silver markets. What caused it and why did it happen? Many are waking up today scratching their heads and asking themselves these very same questions, as they look at their portfolios and… (Continue to full article)

Chapter 3: Physical Silver – To Buy or Not?
Many believe gold is the only asset that isn’t someone else’s liability, but in our latest installation of the “Guide to Silver Investing,” David Morgan argues that not only does physical silver serve the same purpose, it is more liquid… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

Dateline: 02.28.17

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WTF Chart Of The Day: American Consumer Confidence Soars To 16 Year Highs As Real Wages Plunge
Continuing the trend of ‘soft’ survey data strong performance and expectation beats, The Conference Board’s Consumer Confidence surged above the highest analyst’s expectation to 114.8. We have one question for these euphoric American consumers – do you not care about wages?… (Continue to full article)

Target Plunges 12% After Missing Lowest EPS Estimate, Slashing Outlook
Don’t worry. Don’t pay attention to the real results of real retailers. Ignore the 100 stores being closed by Macy’s. Ignore the 150 stores being closed by JC Penney. Ignore the 150 stores being closed by Sears and their imminent bankruptcy. The mainstream media says consumer confidence has never been higher. All is well in their propaganda fantasy world… PSSSSSSSSSSSS on ’em!!! Continue to full article)

Minimum Wage Massacre: Wendy’s Unleashes 1,000 Robots To Counter Higher Labor Costs
Taking a page straight from Wal-Mart’s playbook, Target on Tuesday said it will invest its own cash to ensure it is “clearly and competitively priced every day.” WHERE ARE THE BATHROOMS??? (Continue to full article)

Next Leg Up is Beginning (Precious Metals)
The next leg up in a new daily cycle for the precious metals has begun. Silver is breaking away above its 200 dma with little resistance now until it reaches $19. Gold is approaching its 200 dma and once it breaks through that resistance is expected to top somewhere above $1300+… (Continue to full article)

Some Crucial Benchmarks for Silver
The rally pattern shown, with a Hidden Pivot target at 18.260, was so clear and compelling that we should assume that because the futures exceeded it decisively, they have sufficient energy for another leg up once the current correction has run its course… (Continue to full article)

Trump wants to cut $54 billion in spending from domestic agencies — that’s enough to wipe several of them out
GOOD – IT’S TIME TO PARE BACK THIS OVER-BLOATED GOVERNMENT… (Continue to full article)

The Massive Tax Loophole Allowing Illegal Aliens to Defraud American Citizens
In 1996, the IRS began issuing a new type of tax identification number, the Individual Tax Identification Number (ITIN). ITINs are assigned to U.S. taxpayers, predominately illegal aliens and their dependents, who are not eligible to obtain a Social Security number. The primary purpose of ITIN’s was to capture the previously untapped source of new federal tax revenue from undocumented workers… But then there is far more to this story… Read the NEXT column! (Continue to full article)

Social Security paid a billion dollars to people with no SS numbers
The inspector general for the Social Security Administration discovered that a billion dollars in benefits was paid to people who had no Social Security numbers. The benefits were paid to “representative payees” – people who were accepting benefit checks on behalf of another because the beneficiary was unable to manage his Social Security payments by himself.

Seventeen percent of these representative payees were illegal aliens… (Continue to full article)

What JPMorgan and Citigroup Have in Common When It Comes to Crime
The crime spree at JPMorgan Chase became so surreal that two trial lawyers, Helen Davis Chaitman and Lance Gotthoffer, published a breathtaking book on the subject, comparing the bank to the Gambino crime family. In addition to the settlements noted above, the authors add more details as to what has occurred on Dimon’s watch, such as… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

02.27.17: The GOLD Edition

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Gold To Rise – Inflation Rising and Real Chinese Gold Demand Higher Than “Official”
Real gold demand is likely much higher than the official numbers by Frank Holmes Inflation just got another jolt, rising as …. (Continue to full article)

Gold, Liberty, and the War on Cash
The War on Cash is not merely continuing, it is intensifying. It began in the West, with relatively mino…. (Continue to full article)

Rate Hike Cycles vs. the US Dollar: Rate Hikes Bad for Gold?
Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. the above image from the New York Times article A History of Fed Leaders and Interest Rates. Here’s an altern… (Continue to full article)

Gold-Futures Buying Yet to Start
Gold has powered higher in a strong new upleg since the Fed’s mid-December rate hike. But the core group of traders who usually fuel early-upleg gains has been missing in action in recent months. The gold-futures speculators have not done any meaningful buying since gold bottomed. This anomaly is a very-bullish omen for gold. Since these traders’ buying has yet to start, they need to do lots of catch-up buying. … (Continue to full article)

Gold Continues To Defy Fed’s Attempt To Control The Price
Bloomberg News admitted that it is aware of the Fed’s “hidden” mandate to control the price of gold when it published an article last Sunday titled, “Yellen Can’t Halt Trump Gold Rally That Funds Bet Against” – Bloomberg/Yellen/Gold. That tit… (Continue to full article)

“Hold Gold”: Why This Country Wants Its People to Buy Gold
Important things are happening on the global stage with regard to the money system. It is a long game, and will take many years to fully play out. But one of those important developments involves the feverish return to gold holdings in both China and Russia, and many individuals in these societies, in India and other burgeoning world pow… (Continue to full article)

Gold: Short End US Rates Matter More Than Long End Real Yields
In the years following the GFC, short end yields in the US were contained for an extended period of time as the Fed committed to keeping rates on hold. Given the static nature of the short end, and the shift of monetary policy implications further out … (Continue to full article)

Gold, Liberty, and the War on Cash
The War on Cash is not merely continuing, it is intensifying. It began in the West, with relatively minor infringements on our right to use the currency of our own nation . The War has now shifted to India, been radically ratcheted up, and inflict… (Continue to full article)

If Gold’s A “Barbarous Relic,” Why Do Governments Want It So Much?
The political, economic, social, and monetary premises of my “if a nuclear bomb destroyed Europe” articles are playing out in real-time. And the funniest part of all, is that… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

Round and Round She Goes

The Fed’s minutes came out today, and they were yet mildly hawkish in that vague sort of way that has preceded twenty-nine of the last two actual rate increases.

There is a theory about that because of the failure of the EU and alternatively China, the inflows of monies into dollar assets are bound to continue to drive the major stock indices higher, and will prompt the Fed to raise rates higher than many think.

This is a variant of the ‘money on the sidelines’ theory that, for whatever reasons, will be compelled to toss their wealth into overpriced assets because they have ‘no other choice.’

Now of course this is possible. The real question is, ‘how probable.’ And what sorts of things might we watch to determine if this particular scenario is genuinely falling into place. Continue reading

Dateline: 02.21.17

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Employees across US fired after joining ‘Day Without Immigrants’ protest
Now they will file for unemployment… (Continue to full article)

Why Gold Is the Ace Up Trump’s Sleeve
It may be early in the life-cycle of the President Trump trend, but the outlook is clear: This is good for gold… (Continue to full article)

11 Deeply Alarming Facts About America’s Crumbling Infrastructure
No matter what your particular political perspective is, if there is one thing that virtually everyone in the United States can agree upon it is the fact that America’s infrastructure is crumbling. Previous generations of Americans conquered an entire continent and erected the greatest system of infrastructure that the world had ever seen, but… (Continue to full article)

This Is One Of The Big Reasons Why So Many Families Are Feeling Extreme Financial Stress
When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem… (Continue to full article)

7 Common Tax Mistakes That Could Cost You Thousands
There aren’t many people who like doing their taxes, but it’s even worse when you end up paying Uncle Sam more than is necessary. Unfortunately, one in five Americans who did their own taxes paid an… (Continue to full article)

A look at the economy Trump inherited, which he calls a ‘mess’
President Donald Trump on Thursday continued to disparage the U.S. economy, painting a dystopian picture of massive job loss, violent inner cities and rising drug abuse… (Continue to full article)

S&P 500/Silver Ratio Suggests S&P 500 To Head LOWER & Silver (and gold) HIGHER
The Great Precious Metals Market Disconnect that took place four years ago is now a ticking TIME BOMB. While the Fed and Central Banks have been relatively successful in propping up the broader stock, bond and real estate markets, time is not on their side. The more the highly inflated markets continue higher, the more breath-taking will be the inevitable collapse… (Continue to full article)

Expect $30 Silver In 2017 – Maybe Even Higher – Here’s Why
How low and how high will the price of silver range on the PAPER marketsfine silver fine gold during 2017? Knowing the influence central bankers, politicians, HFT algos, bullion banks and JPMorgan exercise over increasingly managed markets it is impossible to answer the question, and it is probably the wrong question to ask. Instead, what do we know with a high degree of certainty? (Continue to full article)

Greenspan: Ron Paul Was Right About The Gold Standard
“When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul… we had some interesting discussions… We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line.”… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Al Jarreau, ‘Take Five‘ ~ 1976

Singer and vocal percussionist Al Jarreau passed away last week. Born Alwin Lopez Jarreau on March 12, 1940 in Milwaukee, his first exposure to music was through his mother and father, church singer and pianist respectively.

Working as a rehabilitation counselor in San Francisco, he moonlighted with a jazz trio led by George Duke. A successful duo gig in 1967 In Sausalito convinced him to try to make his living in jazz. Six Grammys and fifteen Grammy nominations later, it was a good decision.

Life, Liberty & All That Jazz is now heard at 5:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-855-289-7587
Email:
gold@kettlemorainepreciousmetals.com

The IRS Has Just Made Obamacare’s Individual Mandate Optional

When President Trump signed an executive order shortly after taking office designed to weaken the Affordable Care Act, some questioned whether the instructions to federal agencies to look for ways to ease the law’s burden on businesses and individuals would have any real bite.

But on Tuesday, there can be little doubt Trump is succeeding in hastening the demise of a program that currently insures more than 9 million Americans. That’s because the Internal Revenue Service responded by weakening the health care law’s requirement that individuals either acquire health insurance or pay the penalty. Continue reading