The truth will out.
Egon von Greyerz and Matthew Piepenburg open 2023 with an informal yet blunt look at the twin nuclear risks of: 1) a rising geopolitical conflict in the backdrop of 2) an equally rising global debt crisis. Both trends, and all that follows in their wake, point naturally toward an exploding gold market.
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things have never been better.
When broken, debt-soaked “developed economies” suffering from years of fantasy money printing to “solve” fatally rising debt levels collide with history-blind and economically-ignorant policy makers, the end result is always the same: Liberty sinks, currencies die and control rises.
by Doug Casey via International Man As some of you know, I’m an aficionado of ancient history. I thought it might be worthwhile to discuss what happened to Rome and based on that, what’s likely to happen to the U.S. Spoiler alert: There are some similarities between the U.S. and Rome. But before continuing, please seat […]
by Alex J. Pollock via Mises.org [Originally published in the Housing Finance International Journal.] The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second bubble, both the U.S. and Canada fully participated […]
Analysis by Dr. Joseph Mercola STORY AT-A-GLANCE Finance guru Catherine Austin Fitts discusses how to safeguard your finances and invest in your community instead of tyrannical governments and giant corporations Step No. 1 is to think small and spread your cash around in different places, including outside of the banking and brokerage system, such as keeping […]
by Jeff Thomas via International Man In the 18th century, America was made up primarily of people who, of necessity, had had to work hard. Had they not taken full responsibility for their own welfare, there was no one else to do it for them and they would have starved. As this was the case, […]
by Dr. Joseph Mercola STORY AT-A-GLANCE Financial experts and insiders have, for well over a decade, warned that a collapse of the U.S. currency is a mathematical inevitability, and this collapse will have global ramifications, as the dollar is the world’s reserve currency U.S. inflation is currently at 8.3%, but in some markets, it’s in […]
by Chris MacIntosh via International Man Here’s the current budget deficit. The blue is good and the orange is bad. You can see a lot of orange, and after 2008 things have been decidedly “orange.” Since there is no actual cash in the piggy bank the US government has to borrow it. Meanwhile, debt spirals higher. […]
by Doug Casey via International Man International Man: With nearly $10 trillion in assets under management (AUM), BlackRock is the world’s largest asset manager. The company exploded in size after the 2008 financial crisis, and that’s no coincidence. Central banks around the world have printed scores of trillions since then. A significant portion of that freshly […]
by Nick Giambruno via International Man It’s no secret that China and Russia have been stashing away as much gold as possible for many years. China is the world’s largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments’ treasuries. Russia has […]
by Jeff Thomas via International Man Benito Mussolini stated that “Fascism should more appropriately be called Corporatism, as it is the merger of corporate and government power.” Quite so. Interestingly, many, and perhaps most people today, lack an understanding as to the system under which they are ruled. In the US in particular, most people who […]
by Jeff Deist via Mises.org All of a sudden everyone is an expert on inflation. Your brother-in-law, your local paper, and even dilettantes at dubious outlets like the Washington Post or The Atlantic feel compelled to explain our current predicament. With the admitted rate of consumer inflation running somewhere around 8 percent, and the real rate much higher, even […]
by Doug Casey via International Man International Man: Recently, we’ve seen people riot over rising prices—especially food prices—in Sri Lanka, Peru, and other countries. What is going on here? Doug Casey: Commodity prices have generally gone up close to 100% in the last year. Soybeans ($17), wheat ($11), and corn ($8) are all at or near […]
by Matthew Piepenburg via Gold Switzerland As central bankers play checkers on a global debt chessboard, we see below how policy hypocrisy, worsening monetary options, failed diplomacy, tanking bonds, rising rates, debt addiction, mismanaged sanctions, de-dollarization and a shift toward a disorderly re-set all spell immense pain for Main Street as well as Wall Street. […]
by Ron Paul via Ron Paul Institute The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures. The most recent falsehood is that Russia’s invasion of Ukraine caused March’s 8.5 percent year-over-year increase in the Consumer Price Index (CPI). Prices were surging long before […]
by Jeff Thomas via International Man “Progress may have been all right once, but it has gone on too long.” I’ve always been fond of that quote. Back when Ogden Nash wrote it, it was quite clever. Today, the quote is a bit less entertaining, as we are living in a period when, more and […]
by Tessa Lena via Mercola.com STORY AT-A-GLANCE Due to the tremendous profitability of the energy industry, it has historically attracted the most ruthless individuals who robbed and murdered without any qualms Unfortunately, both the “old normal” and the “new normal” methods of energy production are on the destructive side The same players who have been […]
by Daniel Lacalle via Mises.org In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing. Many blame inflation on cost-push factors or even speculation, but ultimately all those are consequences, not causes. Rising prices are always caused by […]
by David Stockman via International Man If you didn’t think the $70 trillion global bond market was a train-wreck waiting to happen, surely last week’s yield surge was a wake up call. From the 2.15% close one week earlier, the 10-year yield soared to a peak of 2.50% just after mid-day last Friday; and that […]
by Paul Craig Roberts via Institute for Political Economy The White House Moron wants to tax unrealized capital gains, and some neoliberal economists think it is a good idea. Let’s take a look and see what we think. A capital gain is an increase in the price of something since you purchased it. It could […]
by Doug Casey via International Man International Man: Commodity prices go through cycles. Where are we in this cycle, and what do you think comes next? Doug Casey: Commodities, historically, are the worst investment in the world. The price trend of commodities for the last 5,000 years has been down. In neolithic times, a caveman […]
by Aran Ali via Visual Capitalist Walmart Owns Most of the Supermarkets in Mexico The U.S. and Mexico have influenced each other in many ways over the course of their history, through both the exchange of culture and the cross-border trade of goods and services. One lesser-known area of overlap between the two nations? Supermarket […]
by Daniel Lacalle via Mises.org There are numerous articles mentioning that Saudi Arabia may use the yuan, China’s domestic currency, for its oil exports. How much does Saudi Arabia export to China? According to the Organisation of Economic Co-operation and Development, the kingdom’s main exports are to China ($45.8B), India ($25.1B), Japan ($24.5B), South Korea […]
by Doug Casey via International Man (Today’s article is an adaptation from one of Doug’s speeches.) It used to be that America was a country of free thinkers. “Say what you think, and think what you say.” That’s an expression you don’t hear much anymore. It’s much more like the world of 1984 where everything […]