The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares ‘We Are In Massive Crisis Mode’

Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this play out in a major way in the state of Illinois right now.  At this point, the Illinois state government has more than 15 billion dollars of unpaid bills.  Yes, you read that correctly.  They are already 15 billion dollars behind on their bills, and they are on pace to take in 6 billion dollars less than they are scheduled to spend in 2017.  It is the worst financial crisis in the history […]

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2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy

Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry.  As you will see in this article, more than 300 retailers have already filed for bankruptcy in 2017, and it is being projected that a staggering 8,640 stores will close in America by the end of this calendar year.  That would shatter the old record by more than 20 percent.  Sadly, our ongoing retail apocalypse appears to only be in the early chapters.  One report recently estimated that up to 25 percent of all shopping malls in the country […]

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The Biggest Global Bank Run in History

The Fed and Central banks are manipulating the gold and silver price because they are horrified that the biggest global BANK RUN in history will take down the entire system. Unfortunately, a lot of investors are still being misled about the fundamentals of precious metals market manipulation. While the Fed and Central bank are indeed intervening in the gold and silver market, they are also propping up the majority of asset values across the board. This is especially true for most stocks, bonds and real estate. Yes, it is also true that billions of Dollars worth of paper gold and […]

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Global Silver Mining Industry Productivity Falls; Lowest in History

After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the primary silver mining industry’saverage yield increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine. Tahoe’s Escobal Silver Mine’s average yield in 2014 was an astonishing 16.3 ounce per ton (oz/t). Not only did Escobal Mine enjoy one the highest silver yields in the world, it produced over 20 million oz (Moz) in 2014. Thus, the addition of Tahoe to the Top Silver Miners pushed their average […]

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The Upcoming Trade War Between The U.S. And China Will Be The Biggest In The History Of The Planet

The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides.  The Trump administration and the Chinese government are both gearing up for a prolonged trade war, and this is going to have very severe implications for the entire global economy.  During the campaign, Donald Trump repeatedly stated that we “can’t continue to allow China to rape our country”, and he was quite correct about that.  Over the past ten years, the U.S. has run a trade deficit of over […]

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Welcome To One of The Most Pivotal Weeks In Modern American History

Many are anticipating that a wonderful new era of peace and prosperity is just a few days away, but others are using terms such as “civil unrest” and “civil war” for what they believe is about to happen in America.  Without a doubt, Donald Trump is one of the most electrifying politicians in modern American history, but he is also one of the most polarizing.  So will the next four years bring us together as a nation, or will anger, frustration, strife and discord tear us much farther apart?  It is being projected that extremely large crowds of supporters will […]

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Activists Are Hoping To Turn Donald Trump’s Inauguration On January 20th Into One Of The Biggest Riots In U.S. History

Radical leftists are planning to make January 20th the most chaotic Inauguration Day in American history.  Their stated goal is to “disrupt” the Inauguration festivities as much as possible, and they are planning a wide range of “actions” to achieve that stated goal.  Some of the more moderate groups are using terms such as “civil resistance” and “civil disobedience”, but others are openly talking about “blockades”, jumping barricades, throwing projectiles and “citywide paralysis”.  My hope is that all of their efforts will turn out to be a big flop, but it is important to understand that these groups are well […]

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If Donald Trump Wins The Election, It Will Be The Biggest Miracle In U.S. Political History

Are we about to see the largest election day miracle of all time?  Because as I will show in this article, that is precisely what it is going to take in order for Donald Trump to win.  Before I go any further, I want to make it exceedingly clear that I am not saying what the outcome will be on November 8th.  As I recently told a national television audience, I do not know who is going to win.  In this article I am simply going to examine the poll numbers and the electoral map as they currently stand.  But […]

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The 5 Best Books On Economic History For Global Macro Trading & Investing

If your goal is to become a master global macro trader or investor, then you need to become a devout student of economic history. The books below cover various episodes of credit driven speculation throughout history. Studying these instances will show you that humans tend to repeat similar periods of economic delusion time and time again. This knowledge will help you stand apart from the crowd and form profitable “smart contrarian” opinions that will put you ahead of the game. 1.  Ray Dalio’s “How The Economic Machine Works” Ray Dalio is the founder of Bridgewater Associates — the #1 most […]

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Be Nimble or Be Banished to History

If you want to sit on yours hands in this market, just go to Cuba. You’ll have all the time in the world.           Harry Dent I wrote an article back on July 7 called “Bond Bubble to Burst.” It’s an important topic. I’ve been predicting for a long time that 10-year Treasury bond yields could spike back up to 3% (or higher). That would send a spike into stocks, into real estate and into the broader economy as a whole. I’ve also been predicting that gold would bounce back towards $ 1,400 and then crash […]

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