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One in five American households have ‘zero or negative’ wealth

U.S. homes have regained value since the Great Recession, but many households have not

Photo: Market Watch, Everett Collection

Millions of Americans are living on the edge.

One in five households has zero or negative wealth, according to a report released this week by the Institute for Policy Studies, a progressive think tank based in Washington, D.C. What’s more, an even greater share of African-American (30%) and Latino (27%) households are “underwater” financially. The combined impact of $1 trillion in credit-card debt, $1.4 trillion in student loan debt, and stagnant wages are taking a toll. Continue reading

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Hey man, what a downer…

The Dow was down 666 points on Friday [and lot’s more on Monday – Ed.]. Was that the Illuminati’s signal for things to come? After all, they delight in telling the masses what they’ll do to them—especially using numerology. Continue reading

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Dateline: February 6, 2018


What Does “Making It” In Life Mean to the Average Person?
How Do You Compare? Today’s infographic from Thermosoft uses data from a survey of 2,000 Americans to show what “making it” means to them – and in the process, it gives us a baseline for what success means to the average person… (Continue to full article)

Bitcoin trades below $6,000
Down nearly 2/3 in less than two weeks as Senate set to hold cryptocurrency hearing… (Continue to full article)

Gold takes center-stage in dollar scare
Much is made of the direct inverse correlation between gold and the dollar, but acknowledging that relationship does not really get us anywhere. The bigger question is whether or not the dollar will continue to track lower as it has over the past 18 months or will it suddenly reverse course and head higher… (Continue to full article)

Gold Rises As Global Stocks Plunge and Bitcoin Crashes 70%
Spot gold prices were up 0.4 percent to $1,345.00 per ounce this morning in early European trading following Monday’s 0.6 percent gain in dollar terms. Gold saw larger gains in euros, sterling and other currencies as the dollar bounced back after a recent pronounced weakness. Bitcoin plummeted for a fifth day… (Continue to full article)

U.S. National Debt: What’s Driving It & When Does It Reach A Tipping Point?
The last time the United States had a national debt level this high (106% debt-to-GDP), it was during the immediate aftermath of WWII in the late 1940s so what’s driving the national debt so high these days and at what point does the situation reach a tipping point that gets people to act? (Continue to full article)

It’s Looking A Lot Like 2008 Now…
Economic and market conditions are eerily like they were in late 2007/early 2008.Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful.The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben… (Continue to full article)

Here’s What Historically Happens To Stocks When Bull Markets End
If last year ends up being the top of this bull market, what does history say could happen to stocks this year?… (Continue to full article)

From the Heart: Own Precious Metals
One of the things from which I occasionally enjoy a good chuckle is the insecurity displayed by bloggers or newsletter writers who are constantly in need of positive reinforcement derived by reminding readers of their “incredible market calls.” It is always readily-predictable because just before they ask you to buy something (like a subscription),… (Continue to full article)

Gold was not selected arbitrarily by government…
Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed formany centuries on the freemarket as the best money; as the commodity providing the most stable and desirable monetary medium…I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate… (Continue to full article)

Massive Russian Silver Hoard
This story first surfaced a couple of weeks ago and now Mike Maloney has produced a video discussing all the Russian gold and how the U.S. hasn’t audited Ft. Knox or FRBNY vaults in multiple decades while Russia is not only providing a birds-eye view of their gold and silver reserves they give an idea of how all this money is accounted. If you watch…… (Continue to full article)

The Reality of Barter and Trade in a SHTF Economy
Barter is a hot topic in prepper circles, so I thought we should ask someone who has a lot of real-world experience with trade in a dangerous situation.. (Continue to full article)

Alan Greenspan says there are two bubbles…
… a stock market bubble and a bond market bubble (but missed the housing bubble) (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

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HOWARD sezzzzz

“C’mon T.C. – let’s git the gold out their teeth!” ~ Strother Martin, The Wild Bunch, Dir. Sam Peckinpah; Warner Bros, 1969

Miss the special fer the week? Well it’s too bad pardner, ’cause it was a pow’rful load o’ goods fer the money… but it don’t matter no-how. Me an’ the boys ain’t even been loadin’ nuthin’ on this here web-site. Dobbsey is still out with Gold Tooth, an’ I think that they are up to something no-good, but me an’ Curtin are out at the mines, diggin’ out a new load o’ goods. We oughtta be back soon, with somethin’ good fer y’all.

An’ I’ma gonna tell ya’ pardner – we got better than them ol’ Bitsy coins – this here’s the REAL stuff!

C’mon back, if’n ya don’t wanta miss out on somethin’ special from the Sierra Madres. Gotta watch out fer them bandidos in the three piece suits.

…and Say pardner – we’ll be startin’ to load this here blog over the next couple o’ days – so ya’ll come back now…



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Is THIS how Bit-Coin works?

A lot of monkeys lived near a village.

One day a merchant came to the village to buy these monkeys!

He announced that he would buy the monkeys @ $100 each.

The villagers thought that this man was mad.

They wondered how somebody could buy stray monkeys at $100 each?

Still, some people caught some monkeys and gave them to this merchant, and he paid $100 for each monkey. Continue reading

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January 24, 2018: It’s Late… Later than you think!


Dalio: ‘If you’re holding cash, you’re going to feel pretty stupid’
“We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with a big jolt of stimulation coming from changes in tax laws.” Sitting on the sidelines holding on to cash as the stock market heads to fresh records? Then you may be making a big financial mistake… (Continue to full article)

$200 Rally in Gold to Come
A classic U bowl bottom has reached its right side resistance line. A breakout may result in a surge… (Continue to full article)

2018 – A Look Ahead at Coming Changes in Currencies, Commodities, Equities
Switzerland’s von Greyerz made his case as to where it is all going and why. Ten days later he looks pretty good… (Continue to full article)

2018 – The Deflation of Bubble Assets & Return of Gold
In part two, von Greyerz has some advice and the timing might be spot on. For one, global debt and paper asset bubbles will implode. Gold will surge, and silver will outperform… (Continue to full article)

2018 & Beyond
Here is a similar but different angle view of the changes ahead in the values of asset classes. This writer however is bearish on Oil as he sees it as sinking with the leveraged economy…. (Continue to full article)

Chinese Physical Gold Investment Demand Surges While Americans Pile Into Stock & Crypto Bubbles
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Chinese gold bar and coin demand increased to 233 metric tons (mt) in the first three-quarters of 2017 compared to 162 mt in the same period last year.. (Continue to full article)

America The Bubble
John Ing’s take on Debt, Inflation, Cryptocurrency phenomenon, and Gold. Gold still rules and is coming back stronger than ever… (Continue to full article)

The Next Great Gold Bull Market Has Begun
Rising Interest Rates as confidence in paper erodes, Peak Gold, and the Axis of Gold… Read the NEXT column! (Continue to full article)

Gold’s Young New Bull Market
We have been following Jack Chan for 15+ years. He seems to always be on the correct side of the market, whether bearish or bullish. This is what he has been saying since early last year… (Continue to full article)

Clive Maund called it in December. Called it on the nose. “Get Out“. Here is a look back, and what he has to say is still to come… (Continue to full article)

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… (Continue to full article)

Hackers Have Walked Off With About 14% of Big Digital Currencies
Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms… (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

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Fiat Chrysler CEO: ‘Moving Ram Production to Mexico Was a Mistake’

Bill Pugliano/Getty Images

“Moving production of the Ram pickup truck to Mexico was a mistake“, Fiat Chrysler’s chief executive officer, Sergio Marchionne, said Tuesday.

In answer to a question from CNBC, Marchionne said:

The heavy-duty truck, at least in Chrysler’s case, was moved to Mexico in 2008. Ninety percent plus of what gets produced out of Mexico gets sold in the United States. I think this notion of making a car which has got nearly 100 percent utilization in the United States is a bit bizarre. I think it should have never been moved.

Last week, Fiat Chrysler announced that it was moving production of the Ram to Michigan, which it says will create thousands of jobs.

Repatriation of the heavy-duty Ram was owed. We had to correct the mistake of 2008,” Marchionne said.

Editor’s NOTE: In an unusual post, we have chosen to give you the tease. We strongly invite you to follow the link to the complete post at Breitbart – for while the article is worth your time – it is the multitude of comments afterward that are worth the read… Enjoy it – I did. Ed

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Gold & Silver: The Once and Future Money

With so much talk about bitcoin lately, I want to talk about another traditional form of money that most people have completely forgotten about…

If you’re a regular reader, you know I write and speak frequently on the role of gold in the monetary system.

But when I speak in public about gold, I inevitably get one question from the audience: What about silver?

Here’s my answer to that question: I love silver!
Continue reading

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‘Digital Gold’ Flight To Physical Gold

30% to 50% price drops in a matter of days and the loss of $300 billion in value is quite a knock for a market that was not meant to be in a speculative bubble.

In just 36 hours the cryptocurrency market has managed to make a fair few people feel very nervous as they watched crypto currency prices fall very sharply. Continue reading

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2018 Should Be Bullish For The Precious Metals Sector

Usually I’m loathe to stick out price targets on the markets, especially gold and silver, because of the undeniable market intervention of the Central Banks – market manipulation which is blatant to the point at which it is now denied only by card-carrying idiots.

Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a rapid rise in the gold futures open interest on the Comex. The “commercial” – aka “the banks” – net short position in Comex gold futures has increased by 100,000 contracts (from 120 net short to 220k net short) in just four weeks through the most recent COT report. That’s a net paper gold short of 22 million ozs, or 623 tonnes of paper sold short. As of yesterday (Tues, Jan 16), the open interest in gold futures increased another 27,000 contracts, most of which, based on the trend in the COT positions, can be attributed to a continued increase in bank short interest. Continue reading

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