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Red Flag Warning: These California Wildfires Are ‘Among The Most Destructive Fire Events In US History’ And They Are About To Get Even Worse

The wildfires that are roaring through northern California are already “among the most destructive fire events in U.S. history”, and by the time it is all said and done this could be the worst wildfire season in the history of the state.  So far, fires have scorched more than 250 square miles, and more than 3,500 homes and businesses have already been destroyed.  The official death toll has risen to 21, but that is expected to rise dramatically because over 600 missing persons reports have been filed with authorities.  The worst damage has been done in Napa and Sonoma counties, […]

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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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Fake Leadership, Fake News… Even Fake Gold Dealers

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear the second half of my two-part interview with Jim Rickards, author and well- connected global finance insider.  Jim shares his thoughts on the ongoing War on Cash, the developing War on Gold and how that will play out, and talks about the ticking time bomb in the Chinese economy and what it means for the U.S. stock market.  Don’t miss the amazing conclusion of my conversation with Jim Rickards, coming up after this week’s market update. Well, as this final day of June brings us to […]

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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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Gold’s Line in the Sand: Next Downside Target Is Around $700, Even if It Breaks Up First

Many analysts have been so excited that gold broke to new highs, above $ 1,262, in late February. I was excited as well, but for a different reason. I’d forecast that gold could bounce back just above the July 2016 highs of $ 1,373, to around $ 1,400 or $ 1,450. And ANY bounce, no matter how high it went, would be a good place to get rid of any gold you’re still holding. Get rid of it, you should because the precious metal is going down. All the way to $ 700 an ounce within a year or so, […]

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What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society. Since the last financial crisis, the U.S. national debt has nearly doubled, corporate […]

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Government Spooks Can Use The Mic And Camera On Trump’s Phone Even When He Thinks It Is Turned Off

After reading this article you might not ever view your electronic devices the same way again.  Last year, Hollywood released a biographical political thriller based on the life of Edward Snowden that had one particularly creepy scene.  In that scene, a government spook used a program to remotely activate the microphone and camera on a laptop, and by doing so he was able to watch a woman as she got undressed.  Sadly, as you will see below, this kind of thing is happening constantly.  Any digital device can potentially be accessed and used to spy on you even if it […]

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Fed Is Unchangeable for One Year; A Debt Train Wreck Is Inevitable, Even with Trump

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll digest the election results and what it all means for precious metals with Craig Hemke of the TF Metals Report. Craig cautions everyone to not get ahead of themselves when declaring happy days are here again and discusses what he sees as very real market turmoil uncertainties that a Trump presidency is going to have an impossibility in avoiding. Don’t miss an incredibly important interview with Craig Hemke, coming up after this week’s market update. Well, the strangest and most unpredictable election cycle ever produced a seemingly […]

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Scams and Fantasies – An Even Dozen

Steve Saville: “…there is no limit to how much new money the central bank can create.” The Federal Reserve – the central bank of the United States – issued over $ 16 trillion in loans, swaps, guarantees and more following the 2008 financial crisis. They also increased their balance sheet by nearly $ 4 trillion – thanks to their (digital) printing press. Much of that newly created currency was used to purchase dodgy bank debt that was worth little. “Money from nothing” is their specialty and they used it to “stimulate” the economy, a fantasy. The ECB and BOJ indulged […]

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Creepy Clown Sightings Sweep The Nation As The Threats Of Violence Become Even More Chilling

All over America sick and twisted people are dressing up like creepy clowns in order to frighten the living daylights out of others.  This trend started back in August, and since then social media has helped it spread like wildfire.  So far there have been creepy clown sightings in 11 different states, and Mississippi and Kentucky have been added to the list since my last article.  A lot of young kids seem to think that this is a great idea for a “prank”, but authorities are taking the creepy clown phenomenon very, very seriously because in recent days the threats […]

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