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World Debt Is Rising Nearly Three Times As Fast

Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that’s okay because no one cares about the debt, only the assets matter nowadays. You see, as long as debts are someone else’s problem, we can add as much debt as we like… or so the market believes. Now, you don’t have to take my word for it that the market only focuses on the assets, this comes straight from the top echelons of the financial world. According to Credit Suisse Global Wealth Report […]

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Global Debt Exceeds $200 Trillion and is Rising Rapidly

What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, so they say! I Doubt It! Do you believe the above is a fair and accurate representation of our economic world? If so, how do you explain the following? Global debt exceeds $ 200 trillion and is rising rapidly. This massive debt will NOT […]

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The #1 Trigger for Rising Rates, Volatility and a Deflationary Crisis

If you’ve read any of my work, you know I think the iceberg that will ultimately sink the global Titanic is China. It has the greatest overbuilding and debt bubble in history, not to mention the obvious real estate and stock market bubbles. But the Chinese government has too much control over its economy to just let it slide. No. China won’t be the first domino to fall. Rather, the dubious honor may go to lovely and charming Italy. Italians are fun, laid-back people. I love visiting the country. But would I bet on it? No way! Italians think they’ve […]

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Breaking News: Sound Money Is Rising in the States

Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real. Bills calling for the elimination of capital gains taxes on money, i.e. precious metals, have recently been introduced in both Idaho and Arizona. Money Metals Exchange president Stefan Gleason testified at the hearing and pointed out that “by […]

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Gold and Silver Surge; Guy Christopher on Rising Anti-Globalism

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a wonderful interview with Guy Christopher, one of our most popular columnists at MoneyMetals.com. Guy enlightens us as only he can on a couple of well-known but very misunderstood stories – Robin Hood and The Wizard of Oz – and explains how both underwent changes and ultimately developed either a socialistic or an anti-sound money narrative. You will not want to miss a fascinating interview with Guy Christopher, coming up after this week’s market update. Well, it’s been a big week in the precious metals markets, […]

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China’s Rising Gold ETF Market: A Hybrid

BullionStar In 2013 we’ve witnessed the inception of the Chinese gold ETF market. At first demand for the gold ETFs was neglectable, as investors mostly preferred to buy the physical gold directly at the Shanghai Gold Exchange (SGE) or buy jewelry or investment bars through retail channels. This year, however, there has been a major shift in gold ETF demand in China. The physical holdings of Chinese gold ETFs have surged five-fold from 7 tonnes at the end of January, to 35 tonnes at end of August. The Huaán Yifu Gold ETF, which was holding 23 tonnes in August, entered the […]

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Energy limits: Why we see rising wealth disparity and low prices

Last week, I gave a fairly wide-ranging presentation at the 2016 Biophysical Economics Conference called Complexity: The Connection Between Fossil Fuel EROI, Human Energy EROI, and Debt (pdf). In this post, I discuss the portion of the talk that explains several key issues: Why we are right now seeing so many problems with respect to wealth disparity and low commodity prices (Answer: World per capita energy consumption is already falling, and the energy/economy system needs to reflect this problem somehow.) Why the quest for growing technology leads to growing wealth disparity (Answer: The economy must be configured in more of a […]

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Southern California Time Bomb: The Ground Surrounding The San Andreas Fault Is ‘Rising And Sinking’

If you reside on the west coast, you are living on borrowed time.  As you will see below, stress has been building up along the San Andreas fault for more than a century, and scientists tell us that southern California is way overdue for a major earthquake.  When that stress is finally released, the U.S. Geological Survey says that we could be looking at hundreds of billions of dollars in damage.  If you follow my work regularly, then you already know that there has been unusual shaking all along the “Ring of Fire” so far in 2016.  But thankfully the […]

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A Spirit Of Violence And Civil Unrest Is Rising In America

It was only a matter of time before our deeply divided nation was going to start coming apart at the seams.  Waves of anger, frustration, violence and civil unrest are starting to sweep across the United States, and political rallies for Republican presidential candidate Donald Trump have become a focal point for releasing some of that energy.  The angry mob that threw rocks, bottles and burning T-shirts at police and Donald Trump supporters on Tuesday night wanted to get the attention of the national media, and they got it in droves.  Now that the election is less than five months […]

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Watch Japan – For All Is Not Well In The Land Of The Rising Sun

One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great turmoil.  The Nikkei was down another 390 points last night, and it is now down more than 1,300 points since a week ago.  Why this is so important for U.S. investors is because the Nikkei is often an early warning indicator of where the rest of the global markets are heading.  For example, the Nikkei started crashing early last December […]

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