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14 Facts That Prove That America’s Absolutely Pathetic System Of Public Education Deserves An ‘F’ Grade

One thing that almost everyone can agree upon is that our system of public education is broken.  We spend far more money on public education than anyone else in the world, and yet the results are depressing to say the least.  Considering how much we are putting into education, we should be producing the best students on the entire planet, but it just isn’t happening.  Personally, I attended public schools from kindergarten all the way up through law school, and the quality of education that I received was extremely poor.  Even on the collegiate level, most of the courses were […]

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The Value-added Tax System In China’s Domestic Gold Market

BullionStar Important for a thorough understanding of the Chinese domestic gold market – the largest physical gold market globally – is the local Value-added Tax (VAT) system. In the Gold Survey 2016 by Thomson Reuters GFMS there is a complex illegal scheme described whereby criminals obtain VAT invoices from the Shanghai Gold Exchange (SGE) for tax evasion. According to GFMS this scheme is one of the reasons why SGE withdrawals are significantly higher than “Chinese consumer gold demand”. To be able to properly clarify this scheme I will first expand on the workings of the VAT system in China’s Gold […]

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Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’

BullionStar In the Netherlands we have a financial newspaper that prints on pink paper and is named “Het Financieel Dagblad”. Basically it’s the Dutch equivalent of the Financial Times. A few weeks ago I was interviewed by two of their reporters, Joost van Kuppeveld and Lenneke Arts. Today the interview was published as part of a series of interviews with gold experts, among others, with myself and Aerdt Houben, Director Financial Markets at the Dutch central bank (DNB). Perhaps not surprisingly I disagree with several statements of Houben in his interview, to which I would like to respond in a […]

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Silver Prices in an Exponential Financial System

Our financial systems create exponential increases in: Debt Prices for stocks Prices for commodities Currency in circulation Prices for gold and silver Why? Fractional reserve banking, central banks creating more currency, and politicians who spend governments deeper into debt each year… but this article isn’t about why. Student loan debt in the U.S. is about $ 1.4 trillion, auto debt is about $ 1 trillion, official national debt is nearly $ 20 trillion, corporate debt is huge and the list goes on. Much of it will never be paid in current dollars. Default will occur via repudiation or hyperinflation. Look […]

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Don’t Trust Your Gut: Trust a System

In August of 1971, Ray Dalio – now one of the most respected hedge fund billionaires on Wall Street – was a lowly clerk working on the Street. By coincidence, Dalio was starting his career during one of history’s critical turning points. President Nixon had just taken the dollar off of the gold standard. Dalio’s gut told him the market would crash the next day. Instead, it rallied. Hard! The Dow finished the day almost 4% higher. It’s not much of a stretch to compare then to now… Back then – as now – you had central banks meddling in […]

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What The New SEC Money Market Fund Regulations Mean For The Financial System

Things could get real interesting in the next few months. On Oct. 17th a new SEC rule finally comes into play that will affect money market funds and liquidity across the financial sphere. There’s potential for some really big moves here. Most investors don’t know this is coming, making it a giant surprise when it finally happens. And that’s because SEC rules tend to get complicated, and their knock on effects get even muddier. We’ll do our best to simplify exactly what’s happening and what it means for the markets. The story starts with money market funds — the open-ended […]

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Harry Dent: You Gotta Have A System

As Adam likes to say: “Investors Suck Wind.” He has studies showing the average investor earns annual gains of 5.2% vs. the 9.9% returned on stocks overall – that’s just over half. And this is over the long-term bull markets like from 1983-2007. When I was talking to a bunch of financial advisors in the mid-to-late 1990s, one of their favorite charts (other than my Spending Wave) was the Dalbar study showing investors made more like 4% profits instead of the 10%-plus average for stocks back then. Why is this? Most investors need to watch a trend long enough to […]

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The Lone Star State Is Taking on the Entire Financial System

200 men against 1,500 enemy troops. They were never going to win. They fought anyway. Everyone died. It’s a story that most Americans are vaguely aware of, but the tale of the Alamo is seared into the heart of every Texan. In losing the battle in such heroic fashion, the defenders rallied others to the cause, helping the Tejanos defeat the Mexican army in 1836. Like that, the country of Texas was born. Nine years later, the young nation joined the United States, and became the only state to join the union by treaty. These few facts provide a sense […]

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A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data.  This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward […]

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Our economic growth system is reaching limits in a strange way

Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 2 shows world economic growth on  a different basis–a basis that appears to me to be very close to total world GDP, as measured in US dollars, without adjustment for inflation. On this  basis, world GDP (or Gross Planetary Product as the author calls it) does very poorly in 2015, nearly as bad as in 2009. The poor 2015 performance in Figure 2 reflects a combination of falling inflation rates, as […]

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