12 Reasons Why The Federal Reserve May Have Just Made The Biggest Economic Mistake Since The Last Financial Crisis

Has the Federal Reserve gone completely insane?  On Wednesday, the Fed raised interest rates for the second time in three months, and it signaled that more rate hikes are coming in the months ahead.  When the Federal Reserve lowers interest rates, it becomes less expensive to borrow money and that tends to stimulate more economic activity.  But when the Federal Reserve raises rates , that makes it more expensive to borrow money and that tends to slow down economic activity.  So why in the world is the Fed raising rates when the U.S. economy is already showing signs of slowing […]

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This Is One Of The Big Reasons Why So Many Families Are Feeling Extreme Financial Stress

When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem.  For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation.  Every month, tens of millions of American families struggle to pay the bills, and most of them don’t even understand the economic forces that are putting so much pressure on them.  The United States never had a persistent, ongoing problem with inflation until the debt-based Federal Reserve system was introduced in 1913.  Since that time, we have had non-stop […]

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Deutsche Bank Silver Rigging; David Morgan on Financial Markets under Trump

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from David Morgan of The Morgan Report. David gives his insights on current industry sentiment following a few rough months for the metals, tells us what to expect with the upcoming price action for gold and silver, and gives us his predictions on how the financial markets will react to Donald Trump’s presidency – and his outlook may surprise you. Don’t miss another fantastic interview with the Silver Guru, David Morgan, coming up after this week’s market update. Precious metals markets continue to show signs of […]

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Peak Bonds Interview With Financial Sense

Last week Tyler linked up with our friend Cris Sheridan at Financial Sense to discuss the peak in the bond market. The last time they talked in July, Tyler explained the asymmetric risks bond investors were facing with yields hitting a lower bound. We saw the result of that asymmetry over the last month as bond markets quickly lost more than $ 1 trillion after the Trump win. In addition to the top in bonds, they also discussed: The dollar breakout The current macro-fundamental backdrop Trumpflation How this market is similar to 1998-1999 The conversation is a great summary of […]

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Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’

Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos.  The euro has already fallen to a 20 month low, Italian government bonds are poised for a tremendous crash, and futures markets are indicating that both U.S. and European stock markets will be way down when they open on Monday.  It is being projected that Italian Prime Minister Matteo Renzi’s referendum on constitutional reforms will be defeated by about 20 percentage points when all the votes have been counted, and […]

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Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’

BullionStar In the Netherlands we have a financial newspaper that prints on pink paper and is named “Het Financieel Dagblad”. Basically it’s the Dutch equivalent of the Financial Times. A few weeks ago I was interviewed by two of their reporters, Joost van Kuppeveld and Lenneke Arts. Today the interview was published as part of a series of interviews with gold experts, among others, with myself and Aerdt Houben, Director Financial Markets at the Dutch central bank (DNB). Perhaps not surprisingly I disagree with several statements of Houben in his interview, to which I would like to respond in a […]

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Silver Prices in an Exponential Financial System

Our financial systems create exponential increases in: Debt Prices for stocks Prices for commodities Currency in circulation Prices for gold and silver Why? Fractional reserve banking, central banks creating more currency, and politicians who spend governments deeper into debt each year… but this article isn’t about why. Student loan debt in the U.S. is about $ 1.4 trillion, auto debt is about $ 1 trillion, official national debt is nearly $ 20 trillion, corporate debt is huge and the list goes on. Much of it will never be paid in current dollars. Default will occur via repudiation or hyperinflation. Look […]

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Financial Advice from a Loan-Sharking Gangster

I don’t make a habit of taking financial advice from loan-sharking gangsters. In fact, I don’t know that I’ve ever actually had a conversation with a loan shark. And I value my kneecaps far too dearly to ever actually solicit their services. But once in a while, even a scumbag hustler can have a remarkable piece of insight. In case you haven’t seen it, The Gambler, which came out two years ago, is really an underrated movie. Mark Wahlberg is the lead, but his character – a degenerate gambler that resorts to taking loans from the underworld to fund his […]

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Global Recession? The Canadian Economy Shrinks At The Fastest Pace Since The Last Financial Crisis

Things have not been this bad for the Canadian economy since the last global recession.  During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate.  That was the worst number in seven years, and it was even worse than most analysts were projecting.  This comes at a time when bad news is pouring in from all corners of the global economy.  While things in the United States are still relatively stable for the moment, the same cannot be said for much of the rest of the planet.  Canada in particular has been hit very hard […]

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What The New SEC Money Market Fund Regulations Mean For The Financial System

Things could get real interesting in the next few months. On Oct. 17th a new SEC rule finally comes into play that will affect money market funds and liquidity across the financial sphere. There’s potential for some really big moves here. Most investors don’t know this is coming, making it a giant surprise when it finally happens. And that’s because SEC rules tend to get complicated, and their knock on effects get even muddier. We’ll do our best to simplify exactly what’s happening and what it means for the markets. The story starts with money market funds — the open-ended […]

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