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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of […]

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When vultures cooperate

Rather to my surprise, the Co-Op Bank has had a reprieve – well, perhaps more like a stay of execution. Even more surprisingly, this has come from what many would regard as a most unlikely source. The American hedge funds that rescued the bank back in 2014 are about to rescue it again, with a little help from their friends and relatives. “Vulture funds” are behaving most unlike vultures. Four months ago, the Co-Op Bank put itself up for sale. Unable to comply with the capital plan agreed with the Prudential Regulatory Authority, and apparently unable to persuade its hedge […]

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Storing Bullion at Home ISN’T the Best Idea

Bullion investors know governments are fickle and sometimes change the rules to suit their whims. They know the U.S. government has piled up more debt and obligations than it can hope to meet, and they can pretty much guess the ramifications. Fiat currencies die – often spectacularly. That’s why lots of proponents of holding physical bullion insist that you must take possession of the metal you buy. “If you can’t hold it, you don’t own it,” they say. It’s pretty darn good advice. The simple truth is that if your metal is not under your direct control and you have […]

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Yellen’s Delusional Statement Guarantees a Crash Is Around the Corner

Janet Yellen Said What!? She just had to do it! Human behavior and its accompanying delusion is just so predictable! Earlier this week, she straight up said that “she does not believe there will be another financial crisis in her (our) lifetime…” WHAT?! She believes this to be true because of the banking reforms since 2008. But that’s just ridiculous. All they have done with free and cheap money is recapitalize the banks at the expense of savers and shifted all the risk to the private sectors. Free money has doubled leveraged loans and corporate debt, and created massive artificial […]

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Republicans Craft the Next Great Healthcare Failure

Those who claim that the Senate Republican proposal to replace Obamacare will kick millions of people out from health insurance coverage are dead wrong. Yes, it will cause the number of insured people to decline, but that will happen because millions of healthy individuals will be incentivized to voluntarily opt-out of traditional health insurance. For those people, the law will make traditional insurance a sucker bet. Instead of buying comprehensive health insurance policies, as they are currently known, they will either go without insurance for as long as possible or purchase a new type of low-cost insurance that the new […]

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Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report that was just released by the Bank for International Settlements is warning that a new financial crisis could soon strike “with a vengeance”.  So who is right? It would be nice if it turned out that Yellen was right.  Nobody […]

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CNN Is Dead: Network Loses All Credibility As Producer Admits That The Entire Russia Narrative Is Fake News

Nobody else needs to dig a grave for CNN because they are doing it themselves.  There has been scandal after scandal at the network, and now one of their producers has been caught on undercover video admitting that CNN has been pushing fake news stories about a connection between Donald Trump and Russia in a desperate attempt to get ratings.  In other words, CNN’s entire Russia narrative has been a complete lie all along.  Unfortunately for CNN, they are going to discover that once your credibility is gone it is incredibly difficult to ever get it back. On Tuesday, Project […]

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Canadians Have Lost Their Ever-Loving Minds!

I’ve been seeing a lot in the news lately about Canadian and Australian real estate prices. Here’s just a sampling: New Brunswick real estate offers a lesson on peak housing prices Condo flipping on the rise as Vancouver market heats up Face it Canada – you’re a real estate addict and no one wants a cure Canada real estate industry welcomes Buffett to the neighborhood Canada’s red hot real estate heats up apartment market to heights not seen in 30 years Canada is on the ‘A-list’ for commercial real estate investors, in a world of uncertainty Most of what we’re […]

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What Will Happen To The Precious Metals When this Bubble Pops?

As the Mainstream financial media continues to promote the biggest market bubble in history, only a small fraction of investors are prepared for the disaster when it finally POPS. The markets are so insane today, it seems as if fundamentals don’t matter any more. However, they actually do if we look at the numbers closely. In order to invest in the correct assets going forward, one must choose between those with a low RISK and high REWARD versus assets with a high RISK and low REWARD. While this may seem like common sense, I can assure you, the market makes […]

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Buying a Horse of a Similar Shade: Europe

I put the latest issue of Peak Income together from, of all places, Mamacona, Peru, a seaside town on the outskirts of Lima, where earlier this month I attended the annual Concurso Nacional, or national horse show. For aficionados of the Peruvian Paso, the country’s signature breed, the show marks the single most important week of the year, outranking even Christmas and New Year’s Day. If you argue to the contrary with a Peruvian cowboy, you’re likely to get horsewhipped. I’m the first to admit I’m not a true “aficionado.” To have afición is more than simply being a “fan,” […]

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