“Reports of My Death Have NOT Been Greatly Exaggerated!” Regards, Retail

The retail apocalypse coming to a mall near you Is this retail apocalypse you’ve been hearing so much about a reality? Is this really the end for the American shopping mall? Yes! And it’s going to get worse, but I want you to see why it was totally predictable. In fact, just like we forecast that Harley Davidson would suffer, so too did we forecast that retail stores would take a hit with the predictability of spending waves! Yes, the retail, brick-and-mortar, industry is suffering because there are too many stores, online shopping is growing exponentially and shoppers are “moving […]

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Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your spine.  The petrodollar is one of the key pillars of the global financial system, and it allows us to live a far higher standard of living than we actually deserve.  The dominance of the petrodollar has been very jealously guarded by our government in the […]

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The U.S. Government Massive ONE-DAY Debt Increase Impact

The U.S. Government’s massive one-day debt increase had a profound impact on the amount of money it will have to fork over just to service its interest payment. On Friday, Sept 9th, the U.S. Treasury increased the total debt by a stunning $ 318 billion. Thus, the total U.S. Government debt increased from $ 19.84 trillion on Thursday to $ 20.16 trillion on Friday. We must remember when the U.S Treasury adds more debt to its balance sheet; the government is now obligated to pay additional funds to service the interest on that debt. So, for each increase in U.S. […]

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The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans Have $10,000 Or More In Savings

We just got more evidence that the middle class is being systematically eviscerated.  According to a GOBankingRates survey that was just released, more than half the country has less than $ 1,000 in savings.  So in the event of a major economic disaster of some kind, over 50 percent of the nation is going to be completely out of cash almost immediately.  For years I have been writing about the steady decline of the middle class in the United States, but I still get astounded by numbers such as these.  According to this new survey, only 25 percent of all […]

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The Future of the U.S. (And the World)

Predictability. People. Those are the two keystones of my research and forecasting successes: cycles and demographics. It can all be traced back to the day I was studying several charts that I’d laid out on my desk. I’d been looking at the Dow Jones Industrial Average adjusted for inflation when I glanced up and spotted the Baby Boomer’s birth wave. I was confused for a second. They looked identical. So, I laid the one page on top of the other, moved the demographic chart to the right by about 45 years, and they were a match! I immediately knew why, […]

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Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is Catching Fire Among Grassroots Democrats

Should you get free money from the U.S. government every month simply for being alive?  That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election.  At this point, 40 percent of all Americans already “prefer socialism to capitalism”, and the concept of a “universal basic income” is starting to catch fire among grassroots Democrats.  Many liberals are convinced that the time has come to fight for the right to “a minimum standard of living”, and one study by a […]

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We need to talk about productivity

“We need to discuss the complete disconnect between the marginal product of labour and labour wages,” said Sir Chris Pissarides, speaking on the closing panel of the Lindau Economics Meeting. I tweeted this comment. Laurie MacFarlane of the New Economics Foundation promptly responded with this chart that brilliantly illustrates Sir Chris’s point: “Quite why marginal productivity theory is still taught as something which explains the real world is beyond me,” commented Laurie. Marginal productivity theory says that profit-maximising firms will only employ workers who can generate at least as much additional return for the firm as they are paid. Expressed […]

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Blowing Off The Roof

Our weekly commentaries provide Euro Pacific Capital’s latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital. By: Peter Schiff Friday, September 8, 2017 Email Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut […]

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The Situation In The Markets Is Worse Than You Realize

It’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying “wolf” for the past several years, in all honesty, the public has no idea just how dire our present situation has become. The amount of debt, leverage, deceit, corruption, and fraud in the economic markets, financial system, and in the energy industry are off the charts. Unfortunately, the present condition is even much worse when we consider “INSIDER INFORMATION.” What do I mean by insider information… I […]

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Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day.  The national debt is sitting at a grand total of $ 20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward […]

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