Author Archives: admin

Manchester Arena, UK: May 23, 2015

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Trump’s Budget Will Slash $1.7 Trillion In Entitlements, Cut Food Stamps By 25%
Here are the highlights from the upcoming President’s Budget, courtesy of the latest batch of trial balloons. The END of the Greatest Dog and Pony Show handout on Earth… (Continue to full article)

Ponzi Scheme: What The Chicago Teachers’ Pension Would Be Called If It Were A Hedge Fund
If the Chicago Teachers Pension Fund were just another wall street hedge fund then it would have been deemed a ponzi scheme long ago and it’s management, much like Bernie Madoff, would be rightfully behind bars… (Continue to full article)

The Heartless Tradeoffs In the Trump Budget
But is there another side to this story? Maybe it is time to make people stand up on their own two feet and start producing instead of sucking off the government (taxpayer’s) teat… (Continue to full article)

Stockman: “Fiscal Bloodbath Coming This Fall”
Stockman explains why the economy could go off the rails this year, after our government endures a major budgetary crisis… (Continue to full article)

Another Great Inflation or an Asset Bust?
The current credit-asset bubble has dramatically increased the fragility of the economy by diverting capital from potentially productive investments to unproductive speculative gambles, and by increasing the unproductive burdens of soaring debt… (Continue to full article)

Trump’s budget takes aim at illegal immigrants by limiting tax credits
Limit? Limit? I would limit it to ZERO!!! They are ILLEGAL… (Continue to full article)

Why Online Shopping Could Be Costing You More Than You Think
According to new research by OpenUp, a behavioral research start-up based in New York, online shoppers have a good grasp of how much time they spent browsing for and purchasing items — but they have… (Continue to full article)

Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s
Even though I write about our ongoing long-term economic collapse every day, I didn’t realize that things were this bad… (Continue to full article)

Gold’s golden cross: The metal just formed a chart pattern that can signal a breakout
Watch the Kettle Moraine Precious Metals web-site daily for continual updates… (Continue to full article)

If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now
SO? Who the hell knew??? (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 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Dark Days Abound…

DEheadlines_orig

Bill Introduced Allowing Cancellation Of Over $1 Trillion In Student Debt Through Bankruptcy
Currently, the US Government spends $38.00 for every $1.00 collected in delinquent loans, and since the government owns most of the student loans, it would basically be yet another taxpayers bailout for those who loaded up on debt and now are unable to repay it. Meanwhile, if massive amounts of debt were erased, it would be another bubble bursting, which would send the U.S. into a fresh round of economic instability… (Continue to full article)

The Perfect Storm Hits Used-Car Values: The Foundation Of The Auto Industry Is Faltering
Used car values determine in large the velocity of new car sales. Most new car transactions involve a trade. The level of equity in the trade oftentimes determines whether a new vehicle transaction will be successful or not. Inclining used car values lead to faster trade cycles while declining used car values lead to slower trade cycles. Dismal new car sales volume during our last recession created a shortage of used cars. This created a large supply and demand imbalance that made used car values… (Continue to full article)

Chapter 11, 15 Filings Have Exploded
“Chapter 11s and Chapter 15s have exploded” said U.S. Bankruptcy Judge Shelley Chapman, speaking at American Bankruptcy Institute event. The numbers for the bankruptcy court which serves Manhattan are, frankly, horrifying: Chapter 11s have tripled in the first quarter of the year… (Continue to full article)

5.5 Million Homes Still With ‘Negative Equity’
Glub, glub, glub!… (Continue to full article)

The Tens Of Millions Of Forgotten Americans That The U.S. Economy Has Left Behind
The evidence that the middle class in America is dying continues to mount. As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time. Of course the economy has not been doing that well overall in recent years… (Continue to full article)

Doggie (Life) Style
Ebola, Zika and whatever else is cooking out there. Things like – rising sea levels, global shortages of fresh water, simmering religious tensions, the potential for wars over mineral resources and what a higher gold price means. Disregard financial calamity, malfunctioning governments and lying sleazebag politicians leading us down… (Continue to full article)

How Will The ‘GREAT DEFLATION’ Impact Gold & The Dollar?
The coming GREAT DEFLATION will impact the value of Gold and the Dollar much differently than what most analysts are forecasting. Unfortunately, most analysts do not understand the true underlying value of gold or the U.S. Dollar, because they base their forecasts on information that is inaccurate, flawed or imprecise. This… (Continue to full article)

This Is How an Asset Bubble Gets Unwound these Days
What the slow crash of classic car prices says about the future of other asset classes.The global asset class of collector cars – these beautiful machines are perhaps one of the most enjoyable asset classes to play in – is quietly but persistently and very unenjoyably experiencing a downturn that parallels and in some aspects already exceeds the one during… (Continue to full article)

Nazi Gold: The Merkers Mine Treasure, How the U…
Patton told Bernstein that he was very glad Eisenhower was taking responsibility for the gold. Bernstein told him that he wanted to move the Merkers treasure to Frankfurt as quickly as possible and that under the Big Three arrangements at Yalta, the Merkers part of Germany would be taken over by the Russians after the war and that they certainly needed… (Continue to full article)

Trump’s First Budget Is Coming, and the Spending Cuts Are Severe
It looks like the Trump administration’s first comprehensive budget for the coming year will contain major spending increases for defense and draconian cuts in domestic programs. Details of the… GOOD – now let’s start paring down the so-called “entitlements” to the unworthy. (Continue to full article)

How High Will Silver Prices Rise? $100, $300, $500?
Silver prices have risen exponentially for the past 90 years as the dollar has been consistently devalued. Expect continued silver price rises… (Continue to full article)

The U.S. Debt Ceiling Is A Farce & Gold Will Soon Catch Up With the Rising Debt
In October 2015, the U.S. debt ceiling was suspended until March 15,debt-ceiling 2017. The debt ceiling is of course a total farce. Why? Because it has been raised 95 times since 1940 and 14 times in this century. As a result, there is now a clear disconnect between the credit expansion and the lagging gold price which will soon be rectified as gold not only catches up with the debt expansion – but overtakes it. Every single administration has totally ignored the debt ceiling and just raised it to accommodate their irresponsible budgeting and spending. All with the purpose to buy votes and to line the pockets of the banking sector… (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 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

May 15, 2017: The Week Begins…

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Shanghai Gold Trading Volume Surges 43% in 2016
But not so much in Americuh – we ain’t too smart. We have fallen for the ca-ca eminating out of DeeCee (Continue to full article)

GE’s Stock Slumps After Downgrade to ‘Sell’
It once brought good things to life. Now what??? … (Continue to full article)

Core CPI Falls Below Fed Target
Sounds as if anything with the term “Target” in it, is doomed to get flushed down the proverbial binary toy-let… (Continue to full article)

US Wages Peaked in Real Terms in 1942
In other words, “Your earnings won’t even buy what your grand-daddys’ income would”… (Continue to full article)

The Silver Bullet And The Silver Shield
It is both a Silver Bullet to rebel against the Elite’s corrupt system and a Silver Shield to protect your family and wealth in a post- dollar world. Buying physical silver is non-violent, non-compliant resistance. Most importantly it works outside of the system and it cannot be stopped… (Continue to full article)

State Dept. memo explains U.S. policy to drive gold out of financial system
A long memorandum written in March 1974 by a U.S. State Department official for Secretary of State Henry Kissinger and copied to future Federal Reserve Chairman Paul Volcker, then the Treasury Department’s undersecretary for monetary affairs, describes the desire of the United States and its options to prevent European countries from increasing the use of gold in the international financial system… (Continue to full article)

Silver Demand Shows A Consumer In Trouble
The demand categories primarily driven by the consumer, demand plummeted 125 million ozs, or 15.3%. Industrial demand for silver increased slightly but this was because of the global expansion in the solar panel industry, primarily in India and China… WHEN THE DEMAND IS DOWN – IT IS THE TIME TO PURCHASE!!! (Continue to full article)

Be Happy! Don’t Worry! No Need to Own Gold!
Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations… BULL-POOP! COW PIES!… (Continue to full article)

Waiter and Bartender jobs surge in the Land of the Free
The headline in the New York Times read “U.S. Job Growth Bounces Back; Unemployment at 10-Year Low”. That’s certainly one way of looking at it. Well, have someone pour you another one … (Continue to full article)

Many on Medicaid refuse to pay $1 for health care
More than half the low-income people who qualified for Indiana’s alternative Medicaid program failed to make a required monthly payment for the top tier of benefits – a key feature of the program Vice President Mike Pence insisted on as a condition to expanding the health care program when he was Indiana’s governor… But the entitled couldn’t even cough up a BUCK! (Continue to full article)

America & Money: Cool Facts About the History of Our Monetary System
Since 1776, many things have changed dramatically in America. One of the most drastic series of changes has been in the way we conduct transactions using money. Believe it or not, the monetary system that is in place today would be almost completely unrecognizable to the founding fathers. Here are some cool facts about the history of our monetary system… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (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 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

May 12, 2017: The end cometh. Are you Ready?

DEheadlines_orig

A further waste of taxpayers $$$
NIH Using Taxpayer Dollars to Fund Transgender Study Led by LGBTQ Activist…  (Continue to full article)

There’s a Pile of Dirty Linen Behind Morgan Stanley’s Removal of Vanguard Funds
For as long as we have been observing Wall Street sleaze (three decades and counting) we have been reading about illegal sales contests and mutual fund abuses at Morgan Stanley and its 1997 merger partner, the retail brokerage firm Dean Witter. Given that history, when we read last week that Morgan Stanley was going to gut one of the all-time best families of mutual funds from its client offerings (Vanguard Funds), we felt our readers deserved a fuller understanding of the facts than they were getting from corporate media…  (Continue to full article)

1999 called, they want their stock bubble back…
File this one away under “Completely Obvious…” Last night the parent company of Snapchat reported a quarterly loss of more than TWO BILLION dollars. Snapchat, of course, is the photo-focused social networking app that’s adored by tweens and adults who still live with their parents. (Talk about a lucractive demographic.)… (Continue to full article)

Pension Benefit Guarantee Corporation Running Out of Cash, Millions Affected
The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy. Teamsters and other unions are poised to take huge pension hits. Previously, airline employees have taken a hit… (Continue to full article)

Gold Manipulation And $1.2 Quadrillion in Derivatives
For several months during 2016 I was researching the SDR, Federal Reserve Note/U.S. dollar, global currencies and the people behind the scenes pulling the strings. The pulling of the strings was being conducted by oligarchs, like the Group of 30, the IMF, BIS and other unelected globalists operating in broad daylight or the shadows. During this time it became clear… (Continue to full article)

Silver Should Be $136.67/ozt From A Supply Perspective
There’s an unsustainably wide gulf between the gold:silver price ratio versus the gold:silver supply ratio, especially when silver demand is at an all-time high… (Continue to full article)

Coming Financial Hurricane Will Be More Severe & Last Longer Than That Of 2008-9
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009… (Continue to full article)

Venezuela’s 99.5% Currency Plunge
The sharp decline has wiped out savings and made buying imported goods all but impossible, helping fuel the anger directed at the government in street protests that have turned deadly in recent weeks. While Maduro has raised the minimum wage almost 20 times during his tenure, it’s still the equivalent of just $40 a month… COMING SOON to a Republic near you!!! (Continue to full article)

JPM Calls For More Bank Mergers
It’s coming around again. Watch out for a Dimon in the rough!… (Continue to full article)

Why This is a New Bull Market in Gold

U.S. Gold Exports To China and India Surge In 2017
…and yet we Americans are so ignorant – that we slough off stories like this. Why? The owners of America’s West Coast, and the owner/managers of 7 Eleven and Circle K seem to recognize the benefit in the REAL DEAL… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (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 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Dateline: May 9, 2017 (the P.M. Edition)

DEheadlines_orig

We’re Back to Late 2007… or early 2000 (Remember How Those Ended?)
The market is being propped up by just a handful of companies… and their fundamentals are rolling over… It’s coming around again!!! (Continue to full article)

For The First Time, You Can Track Every Dollar The Government Spends
For the first time, the US Treasury has launched a website – Beta.USAspending.gov – allowing US taxpayers to track where virtually every single dollar of their federal tax money is going… (Continue to full article)

Down de Shittah

The Economic Impact of Target’s Toilets
It is seldom that we see the bad guys get their comeuppance in this world. An exception is Target Stores and its CEO Brian Cornell. While researching the details of this event I came across a would-be self-appointed “fact checker” Snopes’ claim that the kind of report given here is false.  According to Snopes, in one of the lamest bits of obfuscation I have ever encountered, Target’s stock price did not fall because of its bathroom policy, it fell because its earnings per share declined!  Are they really this stupid?  (No, but they think their audience is.).. (Continue to full article)

Fed Reports Unexpected Collapse In Credit Card, Auto Loan Demand
With both C&I and auto loan demand slowing down again in the quarter, the biggest surprise in the Fed’s latest Senior Loan Officers’ Survey was that demand for credit cards is now running at the lowest level in the past 5 years… (Continue to full article)

Gold, Silver, and the US Dollar: 1792-1971
In today’s musing, I review the history of gold, silver, and fiat currency as money in the United States of America. I document how various wars, panics and depressions, Congressional acts, and executive orders have affected the US dollar prices of precious metals and resulting gold-silver ratios.This musing covers the period from 1792 when the United… (Continue to full article)

37 jobs that are quickly disappearing in the US
Thanks in part to advances like email, Facebook, and Twitter, mail carriers may be all but obsolete in the not-so-distant future… (Continue to full article)

Is Gold Signaling The Next Financial Crisis?
This is a cycle that has repeated numerous times per year since 2001. This time, however, more than any other time since 2001, the sell-off in the price of gold is counter-intuitive to the collapsing financial and economic condition of the United States, specifically, and… (Continue to full article)

5 Reasons Gold Should Be In Every Investor’s Portfolio Today
In a 1998 speech at Harvard, legendary investor Warren Buffett…[said,]gold2“Gold has no utility.” He’s correct in that gold doesn’t produce earnings, or pay dividends, BUT there are some very good reasons gold should be an essential part of every investor’s portfolio… (Continue to full article)

Is Now the Best Time To Buy Gold – and Silver?
If Not, Then When?… (Continue to full article)

Coming Financial Hurricane Will Be More Severe & Last Longer Than That Of 2008-9
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009… (Continue to full article)

Global Crisis Hits Fever Pitch: “We Are At The Point of Urgency For Getting Gold
Panic over nuclear North Korea, a sudden military about-face in Syria, soaring Asian demand and recession talk is positioning gold for a major bull run…… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (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 a series of articles)

Life, Liberty & All That Jazz is now heard at 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

04.30.17: Behind the Eight-ball

DEheadlines_orig

The Story of Gold Money, Past, Present and Future
There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source.Gold and the Gold Standard: The Story of Gold… (Continue to full article)

Carthage leather money – 450 BC
Leather bags were used as money in the ancient city of Carthage, where the idea was that rather than make all coins of small amounts of silver, they would make the significant majority completely of cheap alloy, and the occasional one of pure silver… (Continue to full article)

If You Understand History and Economics, You Understand Gold
How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist… (Continue to full article)

A Matter of Mercy
A patient calling itself The United States wandered into the emergency room disoriented, wearing a filthy warm-up suit, claiming it was “the greatest” this and that… but was unable to complete the nine-page admission protocol or present valid insurance ID. Patient is growing increasingly violent, threatening staff and other patients….Nations…… (Continue to full article)

Hyperinflation around the Globe
Angola (1991-1999)Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform,… (Continue to full article)

Long-term price targets are meaningless
Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as high as $50,000/oz. All of these forecasts are meaningless… (Continue to full article)

Wages, Productivity, and Inequality
“Inequality is a euphemism, a kind of shorthand, for all of the things that have gone to make the lives of the rich so much more delicious, year on year, for the last three decades. And also for the things that have made the lives of working people so wretched and so precarious in that same time. This word inequality. It’s visible in the ever rising… (Continue to full article)

All Paper is STILL a short position on gold
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape… (Continue to full article)

Watch money if you want to know when a society …
“If you want to know when a society vanishes…watch money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence… (Continue to full article)

Central Banks’ $13 Trillion Problem
Central banks began buying debt eight years ago. Now they own $13 trillion of it. Hey, it was fun, wasn’t it? Now all they have to do is sell it… (Continue to full article)

What Is A “Legal Tender Law”? And, Is It A Problem?
What is a legal tender law?Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered – as I suspected – that it doesn’t mean quite the same thing as many people think it does. Here is my (non-expert) explanation.The present legal… (Continue to full article)

The Future Of Money, And Wealth Storage
Don’t kid yourself. “Paper PM investments” will be under attack for as long as financial markets function – and thus, even when physical gold and silver inevitably win their war with the purveyors of fraudulent fiat currency and “financial markets”, there’s no guarantee that anything other than the real thing will benefit… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (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 1:00 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
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Sell the News – Qu’est-ce Que C’est

“Psychopaths [and sociopaths] have a grandiose self-structure which demands a scornful and detached devaluation of others, in order to ward off their envy toward the good perceived in other people.” ~ Robert D. Hare, Without Conscience

“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.” ~ John Kenneth Galbraith, The Great Crash of 1929

“In a nation run by swine, all the pigs are upwardly mobile, and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely.” ~ Hunter S. Thompson

“And where they make a desert, they call it peace.” ~ Tacitus, Agricola

Donald and His Merry Pranksters were rolling out the greatest tax cut in history today. Continue reading

To Infinity and Beyond: New Polls Show Americans Want Magical Government Benefits

Oppose All Spending Cuts

Liberals are excitedly buzzing over two new poll results in which American voters say they favor both (a) a larger federal government that provides more benefits to its citizens, and (b) a healthcare solution under which Obamacare is “improved” and “fixed” as opposed to “repealed and replaced.” Let’s address them one at a time. First, on the expansion of government, the trendiness are pointed in one direction at the moment: An NBC/WSJ survey finds that 57 percent of respondents want the federal government “should do more to solve problems” and help people, with less than 40 percent saying that Uncle Sam is already trying to do too many things. The paradox is obvious — in an age of widespread discontent and distrust of the government institutions, Americans still want government institutions to bite off even more than they’re currently, inefficiently, and often harmfully chewing. Pew finds a closer split (48/45) on the question of whether the government should be larger and provide more services versus smaller and provide fewer. But as Allahpundit notes, when asked about individual categories, the public favors increased spending on almost everything:
Continue reading

America’s Financial War Strategy

Abstract
America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its final phase. China’s exit plan appears to be to tie the pricing of energy and then other major commodities to gold, returning to the pre-1971 status quo, when the dollar was just a settlement link between commodity prices and gold. Except this time, the dollar itself will be side-lined, so far as China is concerned, which will use the yuan instead for its empire, which will be far larger than that of the US in time, measured by GDP. Continue reading

IRS Seized $17 Million from Americans’ Bank Accounts…

… but They Were Never Charged with a Crime!

According to a report from the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) seized approximately $17.1 million from Americans’ bank accounts that were thought to be involved in “criminal enterprises.”

The funds seized by the IRS were said “to disrupt and dismantle criminal enterprises.” However, of the 278 investigations that took place by TIGTA, 91 percent of the funds were said to be obtained legally by businesses.

So, what does that tell us? Well, it tells us that in 91 percent of the cases, people had their money seized without being charged with a crime! Our Constitution is clear:

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation. – Fifth Amendment to the US Constitution Continue reading

20,000 Union Members, Retirees at Risk of Losing Pension Benefits

Retirement funds seek permission from feds to cut benefits

Money Hole

Five union pension plans are heading toward bankruptcy in the next 20 years if the federal government does not approve benefit cuts to retirees.

In March, four unions filed applications with the U.S. Treasury Department requesting relief under a program established by the Obama administration that allows multi-employer pension plans to cut benefits in order to sustain the long-term health of the plan. The applications from United Furniture Workers Pension Fund, Alaska Ironworkers Pension Fund, Southwest Ohio Regional Council of Carpenters, International Association of Machinists of Motor City Pension Fund, and Teamsters Local 805 Pension & Retirement Plan are all being reviewed by the department, according to the Pension Rights Center. If the cuts are approved on all four applications, as many as 20,309 union members could see their retirement money drastically reduced. Continue reading

April 22-23, 2017: The Weekend

DEheadlines_orig

“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017
“Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.” – Richard Hayne, Urban Outfitters CEO, March 2017… (Continue to full article)

Visualizing The Collapse Of The Middle Class In 20 Major U.S. Cities
When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. However, historians will not view these ideas and events in isolation. Instead, they will link them all, at least partially, to an overarching trend that is intimately connected to today’s biggest problems: the “hollowing out” of the middle class…. (Continue to full article)

GOLD IS PROTECTION AGAINST DAMNED LIES AND WAR
There are lies, damned lies and news, to paraphrase British Prime Minister Disraeli who said: “There are lies, damned lies and statistics. Today we are fed with lies ubiquitously in the form of news and most people who just follow conventional media are totally unaware of the truth. Because the truth is not spoken by many today… (Continue to full article)

The Last Time This Happened, The Market Crashed
A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017. More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years. Anyone remember what happened 17 years ago?… (Continue to full article)

How Online Shopping Makes Suckers of Us All
Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer…. (Continue to full article)

EVERYTHING IS RIGGED: From Medicine to Politics to Finance…You Are Living In A Fabricated Fairy Tale
The temptation to think that what you are living may be a lie is too big to ignore. In fact, things should always be under close scrutiny of your intellect and reasoning capabilities instead of blind acceptance and submission. The main thing we are going to focus is the big lies you are being told… (Continue to full article)

The banking industry abuses its customers worse than United Airlines
That there are countless cases of another industry abusing its customers in far, far worse ways than the airlines. I’m talking, of course, about the banking industry. Banks treat you like criminal suspects too… (Continue to full article)

The Case For A Long-Term Bull Market In Gold
It’s pop quiz time. Which of these three investing benchmarks produced the biggest returns since the summer of 1999: the S&P 500 average of large-cap stocks, China’s Shanghai Stock Exchange composite index, or gold? The correct answer? That shiny metal used a lot in jewelry, traded heavily by short-term speculators in the futures markets, and stored for long-term safekeeping in bank vaults around the globe… (Continue to full article)

The Growing Funding Gap for State Pensions Puts Millions at Risk
Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding. (Continue to full article)

Central Banks’ $13 Trillion Problem
Central banks began buying debt eight years ago. Now they own $13 trillion of it. Hey, it was fun, wasn’t it? Now all they have to do is sell it… (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)

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Absurd Valuations on Unprofitable Tech Stocks

The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: ‘I don’t understand these valuations’, yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. Uber, Snapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.

While angel funding, seed investment and incubation have a nice ring to their functions, what they all have in common is gaining a piece of the equity action before any IPO is sold to the investment insiders, much less the general public. What is often lost is that any new startup enterprise must develop cash flow well before any earnings can be achieved. Continue reading

Panic in the Streets

American Families Face Increasing Financial Instability

The financial situation of many middle class American households is strikingly unstable, according to a new report from the Harvard Business Review.

The Harvard Business Review finds that there is increasing trend of financial vulnerability for lower and middle class American households. According to the report, households experienced an average of five months per years in which household income increased or decreased by more or less than 25 percent.

Our first big finding was that the households’ incomes were highly unstable, even for those with full-time workers. We counted spikes and dips in earning, defined as months in which a household’s income was either 25% more or 25% less than the average. It turned out that households experienced an average of five months per year with either a spike or dip. In other words, incomes were far from average almost half of the time. Income volatility was more extreme for poorer families, but middle class families felt it too. Continue reading

Big Pharma Funds “Independent” Advocacy Groups Attacking Drug-Price Reduction Bill

ADVERTISEMENTS FROM SEEMINGLY independent advocacy groups are swamping Beltway newspapers with dire warning that recent proposals to lower drug prices will lead to dangerous consequences. In the last week alone, the ads have appeared in the Washington Post, Washington Times, Roll Call, The Hill, and Politico.

The groups placing the ads have no obvious connection to pharmaceutical companies. For instance, the American Conservative Union (ACU), one of the organizations taking out an ad, describes itself as devoted to promoting “liberty, personal responsibility, traditional values, and strong national defense.” Continue reading