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[...]
Author: Chris
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[...]
It Begins: CFR Proposes that “Central Banks Should Hand Consumers Cash Directly”
... A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the[...]
“The Russian Aggression Prevention Act”: A Direct Path to Nuclear War with Russia
By Steven Starr The Russian Aggression Prevention Act”, introduced to Congress by U.S. Senator Bob Corker (R-Tenn.), will set the US on a path towards direct military conflict with Russia in Ukraine. Any US-Russian war is likely to quickly escalate into a nuclear war, since neither the US nor Russia would be willing to admit defeat, both have many thousands of nuclear weapons ready for[...]
“S&P 2000″ Is a Fed Manufactured Mirage – Phony Stock Prices No Substitute for Real Economy
By David Stockman That 4% market correction in July was quick and virtually painless. Not missing a beat after the market briefly tested 1900 then, the dip buyers came roaring back — gunning for the 2000 marker on the S&P 500, confident that longs were not selling and that shorts had long ago been obliterated. Needless to say, bubblevision had its banners ready to crawl triumphantly across [...]
Yellen Speech on Labor Market to be Jackson Hole Highlight – More Useless “Guidance” for the Masses
In the not-too-distant-past, Fed watchers had to divine U.S. central bank strategy from a trickle of information. No longer. And on Friday, there will be a firehose of Fed speakers for the markets to digest. Fed Chairwoman Janet Yellen will give her latest views on the health of the labor market at 10 a.m. Eastern on Friday. In previous speeches, Yellen has laid out a dashboard of[...]
Widening Wealth Gap: ‘Bottom 20%’ Worse Off Than in 2000 – Situation has been Institutionalized
Census Bureau: Decade of Data Underscores Widening Wealth Gap A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group's[...]