TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
We’re not talking El Chapo or any of his drug-running buddies. We’re talking about the mega-billionaire family behind one of America’s most profitable drug-industry empires, the privately held Purdue Pharma. If the devil wears Prada, what do America’s most destructive drug pushers wear? They wear smiles. The drug pushers we have in mind here have caused Read More…
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
President Trump has delivered his military budget request for 2019 that increases spending by 12 percent over 2017 spending. Designed to fully fund a “depleted” military, even Defense Secretary Mattis was surprised at the figures. Many more warships, many more F-22s (even though they don’t work). Half a billion more dollars to continue the US Read More…
For the last century, the purchasing power of all national currencies has dwindled and diminished. In fact, the USD, which is considered the most stable form of fiat cash, is down 96% in 104 years. Rick, my research partner, and I are both hoarding precious metals in vault storage. We don’t expect to become wealthier Read More…
Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Email | RSSWe talk a lot about sound money, decentralization and self-sustainability, and nothing is more sound, decentralized and sustainable than gold and silver. Now that’s not to say that the markets aren’t manipulated like everything in the corporate world, but sound money Read More…