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You Have to Follow the Money

John Del Vecchio really is a nice guy, I promise. But he doesn’t smile a lot. Maybe it’s because he grew up in upstate New York, where you can go weeks in winter without seeing the sun… or maybe it comes from the years he spent working as a forensic accountant and as a professional short seller. But John definitely has a serious, no-nonsense demeanor about him. And let me tell you from experience, you don’t want to be on the opposite side of a trade as him. This seems almost ridiculous now, given the company’s dismal performance, but many […]

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Please Contribute To The 2017 Michael Snyder For Congress Money Bomb

Wouldn’t it be great if Congress was absolutely packed with strong constitutional conservatives that consistently fought for true conservative values?  It has been said that our government is a reflection of who we are as a people, and the only way that we are going to take our government back is if we fight for it.  I have talked to so many conservatives that are sick and tired of being betrayed by “Republicans in name only” over and over again, but the only way that we are going to break this cycle is if good people start running and if […]

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There is No House Money… Only YOUR Money

Have you seen those Voya Financial commercials? The ones featuring cartoon, origami rabbits – one orange and one green? It opens with the orange rabbit explaining to a man, “I’m Vern, the orange-money retirement rabbit. I’m the money you save for retirement…” “Who’s he?” replies the man, pointing to the green origami rabbit. The orange rabbit answers, “He’s green money, for spending money today… you know, paying bills, maybe a little online shopping.” Now, here’s the thing… Both the “orange rabbit” and the “green rabbit” are identical. They’re both $ 1 bills. But Voya wants you to think about them […]

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Bill Gates, Jeff Bezos And Warren Buffett Have More Money Than The Poorest 50% Of The U.S. Population Combined

The problem is not that we have a few people that are rich – the problem is that we have so many that are poor.  As you will see below, three extremely wealthy individuals have as much money as the poorest half of the nation combined.  In a free market capitalist society, there are always going to be some that do better than others, and there is nothing wrong with that.  But in our society today, there are so few that are doing well.  At this point a majority of all Americans are living paycheck to paycheck, and “one in […]

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Money creation in a post-crisis world

As many of you know, I have spent much of the last seven years explaining to anyone who will listen that banks do not “lend out” deposits or reserves. Rather, they create both loan assets and matching deposit liabilities “from nothing” by means of double entry accounting entries. Creating money with a stroke of the pen (or a few taps on a computer keyboard) is what banks do. But this does not mean that the money that banks create comes from nowhere. It doesn’t. It is only created when they lend (or when they purchase assets, which is equivalent to […]

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Money And The Trader’s Paradox

Alex here with this week’s Macro Musings. Just a reminder, we’re releasing the newest issue of our Macro Intelligence Report (MIR) next week. In it we discuss Bitcoin and blockchains. We’re cutting through the hype to show you exactly what the cryptomania is all about. We also have a brand new options strategy we’ll show you how to use on our latest equity picks. With our 60-day money-back guarantee, there’s no risk to come along for the ride. Don’t miss out. Subscribe to the MIR by clicking here. Our Recent Articles — A “Marcus Trifecta” Look At Markets: We review […]

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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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Trump Deals with Democrats; Money Metals President Stefan Gleason: Buying “Dos and Don’ts”

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a fascinating and informative interview Money Metals president Stefan Gleason gave recently for the Sustainable Money podcast. Stefan shares some of the history behind sound money, when and where the wheels came off our monetary system, some disturbing developments in the war on cash movement and also goes through some dos and don’ts when it comes to purchasing gold and silver. You will not want to miss this revealing interview, coming up after this week’s market update. Precious metals markets pulled back this week, but not […]

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Money Metals Helps Students with Tuition Inflation with Gold-Backed Scholarships

Money Metals Exchange is now accepting essays from applicants for its gold-backed scholarship fund for 2017. Funds will be awarded to students who understand that gold is money and are able to clearly articulate the many failures of the inflation-creating Federal Reserve System. Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League, setting aside 100 ounces of physical gold, currently worth over $ 130,000, to help outstanding students pay for ever-rising education costs. To learn more about the scholarship and how to apply, please visit: https://www.moneymetals.com/scholarship. “The […]

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Tariffs, trade and money illusion

In the past few days, I have read three pieces from Economists for Brexit – now renamed “Economists for Free Trade” – extolling the virtues of “hard” (or “clean”) Brexit and calling for the UK to drop all external tariffs to zero unilaterally after Brexit. Two are written by professors of finance (Kent Matthews and Kevin Dowd). The third is from the veteran economist Patrick Minford. All three of these pieces wax lyrical about the benefits to GDP and welfare from unilaterally reducing external tariffs to zero. But bizarrely, not one gives adequate consideration to the currency effects of trade […]

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