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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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How to Find Money at the Bottom of the Ocean

More than 70% of the world is covered by water, so why aren’t more people talking about the riches to be found under the sea? I don’t know the answer, but that’s OK. It means more profit opportunities for us. As we’ve mentioned over the last several weeks, we’re all about finding outside-the-box ways to increase returns, which is why we’ve lined up a great guest speaker roster for our Irrational Economic Summit this fall. In addition to the annual in-person insight provided by Harry, Adam, myself and the rest of the Dent Research crew, we’ve invited experts in space […]

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The Boomers Are Aging Fast… Time to Make Money Now

If you’ve followed my writing for any length of time, you know how much respect I have for Harry and his demographic work. Believe it or not, Harry, and his approach to forecasting, gave me the confidence to help launch Peak Income – an income newsletter – at a time when most investors were terrified of yield-focused investments. The consensus two years ago was that inflation and higher bond yields were just around the corner, which would’ve meant a rough ride for the kind of investments I recommend. In retrospect, that claim seems almost absurd. Inflation is still dead on […]

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Washington D.C. Is Essentially Just A Gigantic Money Machine

If you have ever wondered why our leaders in Washington D.C. seem to act so strangely, the truth is that it almost always comes down to just one thing.  It has been said that “money makes the world go round”, and that is definitely true in Washington.  This year the federal government will spend more than 4 trillion dollars, and that represents well over one-fifth of our national GDP.  With so much money coming in and so much money going out, the stakes are incredibly high, and that is why so much money is poured into political campaigns on the […]

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Smart Money vs Dumb Money: Precious Metals Turn Bullish

The bullion banks periodically fleece the long-side speculators in the futures market. The pattern has become almost as familiar as day following night. It plays like this; a constant stream of individuals, institutions, and hedge funds discover (or rediscover) the fundamental reasons to own precious metals. Instead of buying physical metal, they get lured into the futures markets by the ability to make leveraged bets and the promise of riches. The bullion bankers build massive short positions by selling paper contracts to all comers and wait for a chance to push prices lower. Recent revelations over price rigging have shown […]

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Why Are So Many Big Investors Positioning Themselves To Make Giant Amounts Of Money If The Stock Market Crashes?

I keep hearing from people that think that the stock market is going to crash by the end of the year.  Hopefully that will not happen, but the ridiculous stock prices that we are seeing right now certainly cannot last forever.  On Sunday, I was chatting with a friend that had just been to a financial conference.  He was quite surprised that one of the things being taught to the attendees of this conference was how to position themselves to make an enormous amount of money when the stock market crashes dramatically in the near future.  Markets tend to go […]

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Free Money: Potential Presidential Candidate Mark Zuckerberg Suggests That All Americans Should Get A ‘Universal Basic Income’

Should everyone in America receive a “basic income” directly from the federal government?  Considering the fact that we are already 20 trillion dollars in debt, such a concept may sound quite foolish to many of you, but this is an idea that is really starting to gain traction in leftist circles.  In fact, Facebook CEO Mark Zuckerberg suggested that this was something that we should “explore” during the commencement speech that he just delivered at Harvard.  For quite a while it has been obvious that Zuckerberg is very strongly considering a run for the presidency in 2020, but up until […]

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