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How to Keep Your Retirement Years Golden

I got a nice reminder of why I do what I do a few weeks ago when I met my dad for dinner. As we sat down to eat, I could tell there was something he wanted to tell me, but he didn’t want to just blurt it out. But, after a few minutes, he couldn’t wait any longer. “I spoke to your sister earlier today, so she’s already gotten the news. I’ve decided it’s finally time,” he said. “I’m going to retire at the end of this year.” This news didn’t come as a total surprise. He’s talked about […]

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“Party Like It’s 1999” (or 2008 or 1987 or 1929)

To paraphrase the highly regarded fund manager and notable bear, John Hussman, you can look like an idiot before a Bubble pops or after it’s popped. I guess I’m squarely in the camp of looking like an idiot before the bubble pops. I might watch “The Big Short Again” for some “moral fortitude.” With history’s stamp of approval on my side, all I can do is shake my head and chuckle. As soon as the Dow crossed over 23,000 on Wednesday, the “experts” on bubblevision began speculating how long it would take for the Dow to hit 24k. I was […]

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37 Percent Rate Increase In 2018??? Obamacare Is Imploding And It Must Be Repealed Now!

Are you ready to pay 37 percent more for health insurance in 2018?  Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country.  I wrote about the steady erosion of the middle class yesterday, and health insurance is one of the main reasons why the cost of living is increasing at a much faster rate than our paychecks are.  It greatly frustrates me that we have given the Republicans control of the White House, the Senate and the House of Representatives and Obamacare still has […]

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The End of the Road for Tesla?

Tesla, the nifty electric car company, and its larger-than-life founder, Elon Musk, proved something. People around the world will pay gobs of money for very cool electric cars, even if they have limited range and take forever to charge. Americans in particular love new gadgets, and Teslas are the biggest gadgets of all. Musk and company also proved something else. Investors love a story. We ache for far-reaching dreams based on beating the odds and a cowboy, go-it-alone point of view. Nothing says “I see the future and you don’t” like driving a Tesla. But dreams don’t come cheap. Musk […]

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From “1:5 to 5:1 in 35 Years” – The Long March AWAY from Safety

When market psychology finally turns, it will turn HARD. You can be ready: See what the market’s Elliott wave picture can do for you — today. 3 Videos + 8 Charts = Opportunities You Need to See. Join this free event hosted by Elliott Wave International and you’ll get a clear picture of what’s next in a variety of U.S. markets. After seeing these videos and charts you will be ready to jump on opportunities and sidestep risks in some major markets. This free report (a $29 value) will present a unique outlook and give you a new perspective on […]

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Oil For Gold – Real Or Imagined?

By having control of the physical market for gold, China can threaten to use it to destabilize the dollar, without destabilizing the yuan. As such, it is potentially devastating, and used carelessly could trigger an economic collapse in Western capital markets, wreaking financial and economic havoc in America and other advanced nations. China will never be wholly independent from trade with these nations, and severe financial and economic damage to the advanced economies will rebound upon her to some extent. For this reason, she has so far held off using gold as an economic and financial weapon, while she continues […]

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Bad News Banksters Double Cross Customers

Crooked bankers are all over the headlines again. The world’s largest metals hedge fund, Red Kite Management, Ltd., is suing Barclays for rigging copper prices. Federal prosecutors launched an investigation of Wells Fargo bankers working on its foreign exchange desk Friday. And on October 23rd, a jury in New York convicted an HSBC trader of fraud. The HSBC trader, Mark Johnson, said he “thought we got away with it” to his coworkers after cheating their client in a massive foreign exchange transaction. But he was wrong. The jury found him guilty for his involvement in a 2011 exchange in which […]

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Will America’s Prosperity Be Completely Wiped Out By Our Growing Debt?

The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt.  Over the past decade, the national debt has been growing at a rate of more than 100 million dollars an hour, and this is a debt that all of us owe.  When you break it down, each American citizen’s share of the debt is more than $ 60,000, and so if you have a family of five your share is more than $ 300,000.  And […]

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Money creation in a post-crisis world

As many of you know, I have spent much of the last seven years explaining to anyone who will listen that banks do not “lend out” deposits or reserves. Rather, they create both loan assets and matching deposit liabilities “from nothing” by means of double entry accounting entries. Creating money with a stroke of the pen (or a few taps on a computer keyboard) is what banks do. But this does not mean that the money that banks create comes from nowhere. It doesn’t. It is only created when they lend (or when they purchase assets, which is equivalent to […]

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Amazon: The Devil Is In The Details

Jeff Bezos/Amazon is the poster-child for the degree to which this entire economic and political system is profoundly corrupt. – Investment Research Dynamics Amazon stock made a big after-hours “shock and awe” move after it reported a huge headline “beat” of its Q3 earnings.  It’s a funny thing how the “beat the Street” game works.  Ninety days ago the consensus estimate for Q3 was $ 1.09, with one estimate as high as $ 1.59. The estimates were systematically “walked down” over the last 3 months to a mean estimate of 2 cents and a high-end estimate of 26 cents. This […]

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