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It Is Becoming Illegal To Be Homeless In America As Houston, Dallas And Dozens Of Other Cities Pass Draconian Laws

Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them?  Incredibly, this is actually starting to happen in dozens of major cities all across the United States.  It may be difficult to believe, but in many large urban areas today, if you are found guilty of “public camping” you can be taken directly to jail.  In some cities, activities such as “blocking a walkway” or creating any sort of “temporary structure for human habitation” are also considered to be serious crimes.  And there are some communities […]

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Short Position on Silver Prices; George Leef on Sound Money

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll dive into a disturbing topic of just how far our nation has strayed from the Founding Fathers’ ideals when comes to sound money – with devastating effects on our freedoms and the economy. In my exclusive interview with George Leef of Forbes Magazine, you’ll also learn about the growing movement to restore gold and silver back into the monetary system. Don’t miss my conversation with George Leef, coming up after this week’s market update. A busy news week in Washington gave investors cause for both hope and […]

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Illiberal Britain

“Why have you changed your avatar?” asked a friend of mine. Why indeed. Ever since I joined Twitter in 2010, my avatar has always been a picture of me, and my Twitter name has always been my own name. I’ve never wanted – or needed – to be anonymous. So why now? The image on my avatar is the Anarchist Cat. Here is what Wikipedia has to say about it: The black cat, also called the “wild cat” or “sabot-cat”, usually with an arched back and with claws and teeth bared, is closely associated with anarchism, especially with anarcho-syndicalism. It was […]

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The Case Against Gold

Early last week, you may have seen Harry’s latest message about gold (and silver too). He’s got some pretty strong evidence that the metals are due to take a tumble. In fact, he said now would be a good time to drop any gold you’re still holding. “Get rid of it,” he said, and he detailed exactly why. Since I tend to agree, and never really understood some people’s intense fascination with the yellow metal anyway, I figured it’s a good time to share my opinion too. There will come a time to buy gold with both fists, but this […]

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11 Reasons Why U.S. Economic Growth Is The Worst That It Has Been In 3 Years

Those that were predicting that the U.S. economy would be flying high by now have been proven wrong.  U.S. GDP grew at the worst rate in three years during the first quarter of 2017, and many are wondering if this is the beginning of a major economic slowdown.  Of course when we are dealing with the official numbers that the federal government puts out, it is important to acknowledge that they are highly manipulated.  There are many that have correctly pointed out to me that if the numbers were not being doctored that they would show that we are still […]

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Far too much debt and currency are created

What happens when new currency is create with few limits by central banks and commercial banks? Answer: Far too much debt and currency are created. Central Bank Balance Sheets have increased by $ 10 trillion in the last decade and $ 1 trillion YTD in 2017. What happens when an extra $ 10 trillion in central bank debt plus another $ 80 trillion or so in other global debt is created in a decade? Answer: Prices rise because each fiat currency unit purchases less. Market                               […]

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The Democrats Won This Round, And It Wasn’t Even Close…

We have just witnessed one of the greatest routs in modern American political history.  We are still waiting to see if a spending agreement can be reached so that a government shutdown at midnight on Friday can be averted, but whether a shutdown actually happens or not, the Democrats have won this round by a landslide.  Even though the Republicans control the White House, the Senate and the House of Representatives, during these budget negotiations the Republicans have backed down on major issue after major issue.  The Democrats are acting like they own Washington D.C., and the Republicans are letting […]

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Liquidity: The Most Important Fundamental

I’m sure you’ve heard analysts, financial pundits, and other babbling heads yabber on and on about how these markets don’t reflect the “fundamentals”. They’ve ranted non-stop about how the fundamentals prove that a bear market is around the corner. They’ve raved about valuations being stretched and how stocks will collapse any day now… If you’ve been taking investment advice from these doomsdayers, then please accept my condolences for your portfolio loss. These broken clocks should heed the words of Mark Twain: Denial ain’t just a river in Egypt. No, denial is not just a river in Egypt, it’s also the […]

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Have We Just Reached Peak Stock Market Absurdity?

Have you ever wondered how tech companies that have been losing hundreds of millions of dollars year after year can somehow be worth billions of dollars according to the stock market?  Because I run a website called “The Economic Collapse“, there are naysayers out there that take glee in mocking me by pointing out how well the stock market has been doing.  This week, the Dow is flirting with 21,000 and the Nasdaq crossed the 6,000 threshold for the first time ever.  But a lot of the “soaring stocks” that have been fueling this rally have been losing giant mountains […]

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Le Pen Is The Last Thing Standing Between Equity Bulls And The Promised Land

The Trump-flation narrative has driven U.S. stocks to valuations last seen in the tech bubble. On a relative value basis, Europe is a bit more appealing. As a result, hedge funds have been increasing their equity exposure to Europe since early 2017. The Fed is also in the middle of a rate hiking cycle while the ECB remains 40 basis points south of zero. The easy money is overseas. Plus there’s a record gap between U.S. and European EPS. U.S. earnings have always been larger than their European counterparts, but never by 53%…   Given those facts, it’s easy to […]

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