Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Sometimes we must consider the unthinkable.Official US national debt is $21.6 trillion. Unfunded liabilities are five to ten times higher. Global debt is about $250 trillion. US national debt has doubled every eight to nine years for decades.National debt in 2018 - $21.6 trillionNational debt in 2026? - $40+ trillion...Read More
Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react? Inflation Jumps in October The consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an i...Read More
By Frank HolmesHere in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro's Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than three standard deviations. I didn't make the calculat...Read More
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More
Gold and silver are steady. There is good demand for physical gold in China and ASEAN nations. Prices of gold and silver are low in Asia due to a stronger currency against the US dollar. People are taking advantage of stronger currency to buy gold. There will be sudden one way moves in bullion anytime till Friday. Asian markets and Asian traders do not sleep on US holidays. Silver demand is supe...Read More
Most retirement research points to an impending crisis for about half of Americans who save too little at the advice of their financial planner. Because people worry about outlasting their savings, most adjust by living humbly - often too humbly.If I hear one more financial advisor tell their audience "cut your expenses," I may just do something I'll regret later. Personally, it's insulting to me,...Read More
Nov 21, 2018 Guest(s): Harry Anagnostaras-Adams Managing Director, Kefi Minerals Gold has likely bottomed out around the $1,200 an ounce level, and weak investor sentiment may be able to thank for it, this according to Harry Anagnostaras-Adams, managing director of Kefi Minerals. "When the set that moves together in the investment market is completely out, it's the best time to come in. And to m...Read More
As we claim often here at PeakProsperity.com: Energy is everything. Will our global society be able to transition off of its extreme dependence on fossil fuels? And if so, can we do so without too much pain?Scott Tinker is the Director of the Bureau of Economic Geology at the University of Texas at Austin, and founder of the non-profit Switch Energy Alliance, which is dedicated to helping humanity...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
One of the questions I am asked most frequently in my global travels is what will be the cause of the next financial crisis. This question is asked by those who understand that Continue...Read More
If corporate earnings rise in 2019 like Wall Street analysts expect, stocks are a screaming buy at these bear-market levels. But earnings won't riseContinue...Read More
It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms.Continue...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/preci...Question 1. Lisa M: Why buy silver and gold if there is a risk of confiscation?Question 2. Timothy G: When I have sold any silver, be it bullion or old coins that I had to liquidate for emergencies, I have no coin stores nearby. I somehow have lucked out by sometimes finding an ad in the newspaper by a local private collector that...Read More
One of the questions I am asked most frequently in my global travels is what will be the cause of the next financial crisis. This question is asked by those who understand that this crisis is coming but want to pin down the date or a specific turn of events that will help them know when to react.My answer is always the same: We can be certain the crisis is coming and can estimate its magnitude, bu...Read More
"We are in a bear market."Here Morgan Stanley strategist Michael Wilson dumps ice water on Wall Street's head.His claim is as arresting as the shriek of "Fire!" in a packed playhouse... the sight of a naked woman in Sunday church... or a MAGA hat on Hillary's head.Has it finally come to pass after lo so many years? Are stocks sunk in a bear market?Today we interrogate this scandalous claim."If it...Read More
Trends forecaster Gerald Celente shares his observations and insight regarding the Great Reset taking place at every level and across the globe.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circ...Read More
They concluded that equating having a vagina with being a woman is not an accurate display of womanhood today, suggesting that The Vagina Monologues Continue...Read More
"Millions of families gather together every year to celebrate Thanksgiving in the United States. Many Americans do not grow up thinking much of the history behind the holiday," Continue...Read More
"We've come from a very artifical period where everything was going up, and we need to go back to a more normal period."Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a mem...Read More
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-mill...Read More