It’s now ‘virtually impossible’ to get a bank loan as standards soar … 83 percent of NYC restaurants, bars unable to pay full rent … About that next bailout: one big lesson from 2009 … Gold mining majors reporting huge profit margins, Robinhooders notice … Best Of The Web Something’s rotten – NorthmanTrader A glimpse […]
Why So Many Cities Are Paralyzed
Sympathy for America’s big-city mayors and their allies is evaporating – generally for good reason. Portland and Seattle, for instance, seemed willing to give rioters a free hand before belatedly stepping in. And of course there’s the amazing quote from Chris Cuomo, the brother of New York’s Governor : “Please, show me where it says […]
Top Ten Videos – August 2
Mike Maloney: Is this the beginning of $8,000 gold? … Gregor Gregersen: Silver is mispriced by orders of magnitude … Schiff vs Rickards: Is $15,000 gold realistic? Absolutely … Matt Taibbi & Bret Weinstein: Can Joe Rogan be canceled? … Robert Kiyosaki: What’s driving the price of gold during the pandemic? … Emigrate While You […]
When It Rains It Pours, Florida Edition
Problems often come in bunches. And each new one adds — sometimes exponentially — to the complexity of a given situation. See One Problem Is Manageable. Five Might Not Be. The latest example of this unfortunate principle in action is the mess Florida might face in a few days. The state is already battling a […]
Gold Goes Mainstream, New York Times Edition
There’s a stage in precious metals bull markets where even the least-interested mainstream media outlets feel compelled to acknowledge that something big is happening. This helps prolong the uptrend by bringing gold and silver to the attention of people who are either unaware of the metals as investments or aware but in need of convincing. […]
Top Ten Videos – July 26
Peter Schiff: When silver breaks its double top, look out … Michael Pento: Get ready for stagflation and Greater Depression … Gerald Celente: This is an economic cataclysm … Silver Dragon: The best and worst silver for stacking … Mike Maloney: How to store your silver at home … Backyard Bullion does a silver strip-tease […]
Europe Bails Out Its Failed States with “Common” (i.e., German) Bonds
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate in something like the United States, where a bunch of different geographic and cultural entities are subordinate […]
Top Ten Videos – July 19
Rick Rule: Gold is overpriced near-term, still wildly bullish long-term … Mike Maloney: How silver hits triple digits … Ron Paul: Is gold a barbarous relic or a friend of liberty? … Robert Kiyosaki: The seven things you need to learn for your financial freedom … Chirs Martenson: The Fed will run the printing press […]
Lawrence Lepard: Saved By The Printing Press — For Now
Lawrence Lepard, Managing Partner with Equity Management Associates, just released a report that lays out the coming debt crisis in all its apocalyptic glory. The excerpt below is just a tiny fraction of the whole report, which should be read in its entirety by anyone who wonders about the fate of todays financial system. SAVED […]
Top 10 Videos — July 12
Nomi Prins: Gold and debt go up together … Alasdair Macleod: Dollar destruction & a golden Chinese currency … Doug Casey: I would bet on this … William White: The last gasps of the central bank experiment … Rick Rule: How to navigate debt defaults and tragedy … Emigrate While You Still Can – To […]
When It Rains It Pours, China Edition
The US has its share of problems right now (see One Crisis Is Manageable. Five Might Not Be). But China is right up there in the “when it rains it pours” sweepstakes. As the apparent source of the covid-19 pandemic, it’s still battling new cases and may yet be blamed for not just spawning the […]
Look Where Gold Is Trading The Day After The 4th Of July
What are the odds of gold trading at 1776 on Independence Day weekend? Seems like a good omen … I’ll go out on a limb and predict that this is the last July 4th weekend where gold trades at or below this price — and that the precious metals miners will do even better. Emigrate […]
Top Ten Videos — July 5
Rob Kirby: The financial house of cards is coming down … Max Keiser: Cancel culture needs to cancel the Fed … Robert Kiyosaki: What happens when major cities go broke? … Rick Rule: Positioning for the good, the bad, and the ugly in mining … Peter Schiff: Jobs and stocks are nothing to brag about […]
The Global Bond Market Is Turning Japanese, As All Long-Term Rates Plunge Towards Zero
For the bond markets, covid-19 is apparently a great equalizer. Before the pandemic, Japan’s long-term interest rates were much lower than those of most other countries’, in part because Japan has been deeply in debt – and therefore under pressure to finance that debt with low interest rates – longer than the US and Europe. […]
Wouldn’t That Be Cool…
Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red. Add the inevitable (given the above) precious metals bull market, with rising gold and silver taking the precious metals mining stocks – especially the little speculative ones – along for the ride. […]
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