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Exciting 2018 for Gold/Silver; Rickards: Next Financial Panic Will Be the Biggest of All, Part 1

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear another amazing interview with Jim Rickards. Jim examines what the next financial crisis will look like and how it will be different from previous panics, gives us his outlook for gold and the key drivers for the yellow metal in part one of a tremendous two-part interview. Don’t miss my conversation with Jim Rickards, coming up after this week’s market update. As the White House and Congressional leaders scramble to avert a government shutdown, investors are bracing for possible market gyrations. Historically, government shutdowns have tended […]

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Can We Make Sound Financial Decisions Anymore?

I. Hate. Central. Banks. Loathe them. They’ve hijacked our economy and the markets and taken away all our power to make sound financial, investment, and business decisions. Sure, you’ve got to hand it to them: they pulled us away from a depression, thanks to their trillions in stimulus. I mean, QE has had a huge impact on the economy. Two percent growth isn’t great, but it’s a hell of a lot better than a depression. But in the process, they’ve separated the economy and markets from any fundamentals. There’s no rhyme or reason why the markets should be as high […]

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A Return to Financial Sanity?

Financial sanity and stability may not return, but we can protect our assets and learn from the discussion. The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, many imbalances exist within our financial world. This is not new – things have been crazy before, are now, and will be again. But to regain financial sanity we need: From “Doug Casey on the New Fed Chair” “In an ideal world there would be some radical changes. The best thing for the US in the (famous) long run is to go “cold turkey.” To abolish the Federal Reserve, fire […]

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Our All-Important Financial Deadline Is In 15 Days, And Our Campaign Is Counting On A Major Miracle

Tonight, I am writing this from my little office where I have spent more time than anywhere else over the past six years.  During the day, I can look out the window and see snow-capped mountain peaks all the way on the other side of the valley.  Life is so simple and so beautiful here, and in my wildest dreams I never imagined that our nice, quiet life would be interrupted by a run for Congress.  But then that fateful day in May arrived, and life hasn’t been the same for Meranda and I ever since. Whoever ultimately wins this […]

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Written Financial Plans are Invaluable

Stop what you’re doing right now. Grab a piece of paper and a pen. (No smartphones! Pen and paper.) Now, write the following words at the top of your blank page, centered: “2018 Comprehensive Financial Plan” Am I making you uncomfortable yet? Don’t worry… you’re in the same boat as a lot of folks I know. You may even be allergic to the task of financial planning. But with January just around the corner, now’s a great time to take stock of what went well for you in 2017 and, more importantly, precisely how you’ll chart your course in 2018. […]

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The Last Time These 3 Ominous Signals Appeared Simultaneously Was Just Before The Last Financial Crisis

We have not seen a “leadership reversal”, a “Hindenburg Omen” and a “Titanic Syndrome signal” all appear simultaneously since just before the last financial crisis.  Does this mean that a stock market crash is imminent?  Not necessarily, but as I have been writing about quite a bit recently, the markets are certainly primed for one.  On Wednesday, the Dow fell another 138 points, and that represented the largest single day decline that we have seen since September.  Much more importantly, the downward trend that has been developing over the past week appears to be accelerating.  Just take a look at […]

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The Size Of The Financial Avalanche Coming Grows Larger

Inflation vs deflation. The true economic definition of “inflation” is the rate of increase in the money supply in excess of the rate of increase in wealth output. Inflation is monetary in nature. Rising prices are the manifestation of inflation. Someone I follow on Twitter posted an ingenious example from which to conceptualize the true concept of inflation using the game of Monopoly: The players all start out with reasonable amounts of money to speculate on real estate. As the game proceeds, players collect $ 200 by simply passing Go and use this money to speculate on real estate. By […]

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The Federal Reserve Has Just Given Financial Markets The Greatest Sell Signal In Modern American History

Why have stock prices risen so dramatically since the last financial crisis?  There are certainly many factors involved, but the primary one is the fact that the Federal Reserve has been creating trillions of dollars out of thin air and has been injecting all of that hot money into the financial markets.  But now the Federal Reserve is starting to reverse course, and this has got to be the greatest sell signal for financial markets in modern American history.  Without the artificial support of the Federal Reserve and other global central banks, there is no possible way that the massively […]

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Top Financial Expert Warns Stocks Need To Drop ‘Between 30 And 40 Percent’ As Bankruptcy Looms For Toys R Us

Will there be a major stock market crash before the end of 2017?  To many of us, it seems like we have been waiting for this ridiculous stock market bubble to burst for a very long time.  The experts have been warning us over and over again that stocks cannot keep going up like this indefinitely, and yet this market has seemed absolutely determined to defy the laws of economics.  But most people don’t remember that we went through a similar thing before the financial crisis of 2008 as well.  I recently spoke to an investor that shorted the market […]

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Bitcoin and Blockchain: Hype or Fundamental Financial Revolution?

Jamie Dimon, JPMorgan CEO, says Bitcoin is a fraud – likening it to the 17th century tulip bubble – that will eventually blow up. He said he’d fire any trader who traded it. Ron Insana, CNBC contributor, says Bitcoin is in a bubble, with investor enthusiasm driving it to a new fever pitch. He’s cited several reasons why it will fail. Are they right? Is Bitcoin a modern-day tulip bubble leading greedy investors to the slaughter? Well… yes AND no. It’s complicated (which is why I’ve invited Bitcoin expert, Michael Terpin, to speak at our Irrational Economic Summit this October […]

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