The Gold Bugs Were Wrong

The Gold Bugs were way too early on their inflation call. Ever since the start of QE, countless Austrian economic gold bugs have been warning about a tidal wave of inflation that will debase our hard earned savings. Their fear mongering is what sent gold up to nearly $ 2,000 an ounce. But the inflation never came. The gold bugs were wrong. And anyone who bought into their narrative has had to suffer through a 5-year bear market in gold. What did the gold bugs overlook that made their prediction so far off the mark? The labor market. Economic stimulus […]

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How We All Made More Money and Didn’t Even Know It

Thank goodness! After 17 long years, the median U.S. household income has finally broke above the previous record set in 1999. According to a Census Bureau report released last week, median income increased 3.2% in 2016, to $ 59,039 after inflation. That eclipsed the last record of $ 58,665 set at the end of the 20th century. Every news source that carried the story seemed to lead with the assertion that we’re finally on our way in terms of rising incomes, and have recovered from the Great Recession. Well, every source except one – the Census Bureau. That bastion of […]

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Archimede’s Dollar Smile

Give me a place to stand, and a dollar that’s trending, and I can move the world ~ Archimedes Archimedes, the Greek tinkerer, knew of the US dollar’s importance to global macro well over 2200 years ago, decades before Fed Chair Yellen was born. A man ahead of his time.   If you’re one of the very few who read my work then you know that I refer to the dollar as the world’s fulcrum. This is no exaggeration. The US dollar is that important to global markets. The deeper you get into the global macro game the more you […]

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Investors Won’t Be Buying Gold & Silver until AFTER Big Gains Occur

Physical demand for bullion rounds, coins, and bars remains somewhat soft in the U.S. This year’s run higher in prices as well as rising geopolitical tensions has whet the appetites of some investors, but it has not yet triggered broad participation. Only the contrarians have capitalizedon gold & silver’s advance since 2015. With strong gains both this year and last, metals prices have been responding to a host of issues – from unrestrained federal borrowing to the prospect of nuclear exchange. But they haven’t moved up as much as many expect. After advancing dramatically in the prior decade, gold and […]

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Top Financial Expert Warns Stocks Need To Drop ‘Between 30 And 40 Percent’ As Bankruptcy Looms For Toys R Us

Will there be a major stock market crash before the end of 2017?  To many of us, it seems like we have been waiting for this ridiculous stock market bubble to burst for a very long time.  The experts have been warning us over and over again that stocks cannot keep going up like this indefinitely, and yet this market has seemed absolutely determined to defy the laws of economics.  But most people don’t remember that we went through a similar thing before the financial crisis of 2008 as well.  I recently spoke to an investor that shorted the market […]

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Bitcoin and Blockchain: Hype or Fundamental Financial Revolution?

Jamie Dimon, JPMorgan CEO, says Bitcoin is a fraud – likening it to the 17th century tulip bubble – that will eventually blow up. He said he’d fire any trader who traded it. Ron Insana, CNBC contributor, says Bitcoin is in a bubble, with investor enthusiasm driving it to a new fever pitch. He’s cited several reasons why it will fail. Are they right? Is Bitcoin a modern-day tulip bubble leading greedy investors to the slaughter? Well… yes AND no. It’s complicated (which is why I’ve invited Bitcoin expert, Michael Terpin, to speak at our Irrational Economic Summit this October […]

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The Label Stupidity Loop

“I’m a Democrat… I’m an Evangelical Christian… I’m a Trump Supporter… I’m a Value Investor… I’m a Bernie Bro… I’m a Neo-Keynesian… I’m a Scientologist… I’m a… I’m a…” Humans love adopting labels. We don them proudly, wearing them like sports jerseys. We proclaim our chosen identity to anybody that’ll listen. We want everyone to know what we stanThese identity labels are useful in a complex worldd for… and that we’re on the “right” side. It’s impossible to know everything, and we hate that fact. People abhor uncertainty. Labels fix this. They give us pre-packaged sets of beliefs/heuristics/frameworks for dealing […]

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The Equifax Hack Is The Most Disastrous Data Breach In History Because Now Hackers Have The Credit Information Of 143 Million Americans

Talk about a nightmare.  It is being reported that criminals were able to hack into Equifax and make off with the credit information of 143 million Americans.  We are talking about names, Social Security numbers, dates of birth, home addresses and even driver’s license numbers.  If this data breach was an earthquake, we would be talking about a magnitude-10.0 on the identity theft scale.  We have never seen anything like this before, and to say that this will be “disastrous” for the credit industry would be a massive understatement. What really disturbed me about this story is that this hack […]

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Campaign Update: 3 Major Events And The All-Important September 30th Deadline Within The Next 14 Days

We are entering do or die time for my campaign for Congress, and if you are interested in helping the campaign we really need to hear from you.  As I have discussed in previous emails, we have created an enormous amount of buzz all over Idaho’s first congressional district, and everywhere we go we are converting voters over to our side.  If we can get this message out to everyone in the district effectively, we will definitely win.  So in order to do that, I am traveling all over the state holding events, and you can find out the details […]

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Trump Deals with Democrats; Money Metals President Stefan Gleason: Buying “Dos and Don’ts”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a fascinating and informative interview Money Metals president Stefan Gleason gave recently for the Sustainable Money podcast. Stefan shares some of the history behind sound money, when and where the wheels came off our monetary system, some disturbing developments in the war on cash movement and also goes through some dos and don’ts when it comes to purchasing gold and silver. You will not want to miss this revealing interview, coming up after this week’s market update. Precious metals markets pulled back this week, but not […]

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