Let’s look at the cold hard facts when it comes to debt. Well, at least what we can see because we have no idea how many trillions are lost, stolen, or hidden. The US national debt in 2000 was $5.6 trillion. Today the US national debt is $32.7 trillion. Debt per taxpayer in 2000 was […]
Tag Archives: corporate debt
Very simply put, it’s time to buy gold to preserve your nest egg. Oh, what do investors do? Stocks have been going up for a decade and the indexes, especially technology and semiconductor chips, look like a ski slope. We are seeing a generation of gamblers push buttons to send risky stocks higher and crypto […]
The stock market can make you rich; it can also bust you out. The United States in the last ten years has seen huge equity gains. These gains can be attributed to innovation, good business models, and mostly debt. Today we have more corporate debt, government debt, and consumer debt than ever in history. All […]
The US supplied the Allies in WWII and got paid in gold. After the war, countries linked their currencies to the US dollar, which was linked to gold. The Gold Standard ended completely in 1971, but the US dollar’s reserve status remained. Today more than 61% of all foreign bank reserves are denominated in US […]
Gold broke out of a huge 27 year base in 2007 at just over $800 per ounce. Gold initially traded up to $1,000 per ounce and backed off to $700 per ounce shortly after the breakout. Gold then moved from $700 to $1,900 per ounce in three years. Gold has rallied $600 per ounce in […]
Gold is up almost $400 per ounce over the past six months. The gold price is benefiting from a weaker dollar, a lackluster jobs report, and continued stimulus talk. No one knows what to expect over the next six months. To have all your eggs in one basket is awfully risky and just plain silly. […]
Since the recent March high in the US dollar, the fiat currency has fallen consistently. The purchasing power of our dollar has dropped. Our dollar buys less today than it did a couple of months ago. All paper currencies have lost significant purchasing power over the past few decades. A simple example explains it all. […]
Aside from the record-high unemployment rate and the growing number of failing small businesses, the biggest threat to the economy is on the balance sheets of the big banks. They didn’t learn their lesson from the 2008 crash and fell back to old, bad lending habits. Unfortunately, we saw many people lost a majority of […]
Gold has always been viewed as an alternative currency or currency of last resort that is both private and free from the manipulation that the paper currencies of the world are subject to from central banks.
Last October George Gammon did a video on a 2020 recession scenario. Gammon is an expert on macroeconomics and real estate investments. The video was to the point and the topics were explained thoroughly. The following is a detailed summary of the 5 reasons he believes a 2020 recession will be worse than 2009.