By Michael Snyder, on September 3rd, 2014 Ebola continues to spread an an exponential rate. According to the World Health Organization, 40 percent of all Ebola cases have happened in just the last three weeks. At this point, the official numbers tell us that approximately 3,500 people have gotten the virus in Africa and more than 1,900 people have died. That is quite alarming, but the real[...]
Month: September 2014
Vanguard’s Bogle: Beware of New-Fangled Income Investment Products
A plethora of new yield-producing securities have been created in recent years to provide decent income in a low-interest-rate environment. Exchange-traded funds (ETFs) based on high-yield bonds represent one example. But Vanguard Group founder Jack Bogle warns investors against taking on too much risk. "What investors have to be careful about is crawling out so far out on that limb to get more[...]
How the Dollar Will Die – Follow This Market Indicator to Watch It Unfold
By Hugo Salinas Price All the currencies of the world today are derivatives of the dollar, including the Russian Ruble and the Chinese Yuan, and even the miserable currencies of Venezuela and Argentina. As long as they can be used to purchase dollars, either officially or through the black market, they will continue in circulation. The Mexican Peso circulates and has value, because Mexicans[...]
The Morning After: What Happens When A Government Destroys Its Currency
By Simon Black Imagine this scene: “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.” “The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before…” This is how an American business executive described living through Mexico’s devaluation [...]
Preserve Your Wealth in the Face of Financial War – Battles Happening Right Now
By James Rickards During the Cold War, the United States had enough nuclear missiles to destroy Russia and its economy and Russia had enough missiles to do the same to the United States. Neither adversary used those missiles and the leaders were quite careful to avoid escalations that might lead in that direction. Proxy wars were fought in places like Vietnam, the Congo and Afghanistan, but[...]