Another week goes by. Interest rates continue to go up dramatically. Markets are again jilted by fear of economic recession. Some paper assets are down over 80% and it still seems like we have much further to go. The dam is leaking and may be approaching a breaking point.
Most of the people who read this weekly blog don’t trust the banking system. Some of you out there may not even want to keep any of your money in the bank. I don’t blame you. We need to have some of our funds at the bank for living expenses and emergency money.
Many reasons are given for wealth preservation through physical gold. We have talked at length about inflation, government debt, and a bubble in stock and bond markets. The mother of all bubbles has now been inflated to obscene levels because of abnormally low interest rates for an extended period, even negative rates in some instances, […]
The Fed has controlled the money since 1971. In 1971 the US dollar was taken completely off the gold standard and became complete fiat. Alan Greenspan came to the rescue in 1987 as the 13th Fed chairperson. As everyone knows by now, we have to say chairperson, not chairman. When a female Fed chair is […]
Since the consumer price index was first used in 1919 as a key measure of inflation, it has been modified at least 18 times. Many argue that the goods measured are not representative of the true increase in living costs. Recently President Joe Biden announced that inflation dropped to zero percent despite double-digit annual increases […]
Money can be any item or confirmable record that is generally accepted as payment for goods. Money is also used for the payment of services and the repayment of debt such as taxes. Money is supposed to be a medium of exchange, a unit of account, a store of value, and sometimes a standard of […]
From 1879 to 1933 the United States was on a gold standard. There were two forms of money at the time. Paper bills were convertible into gold, and gold was easily converted back to paper bills by the bank. A person could have a $20 bill in their pocket as well as a $20 gold […]
The World Economic Forum (WEF) is a private corporation. The WEF is not granted any powers by humanity. The WEF suggests that a globalized world is best managed by a self-selected alliance of multinational corporations, governments, and civil society organizations. The WEF is funded through the backing of the central bank-funded “superiors” or “elites”. The […]
Does anyone realize how far stocks rallied from 2009 to 2021? The Dow Jones Industrial Average was under 7000 in 2009 and hit over 36,000 in 2021. What is stretched so far one way eventually snaps back the other way? Of course, much of this performance was due to debt, money printing, and abnormally low […]
Last week Meta’s (Facebook) stock fell 25% overnight. Netflix lost more than $100 per share overnight and shaved $50 billion off its valuation. PayPal and Shopify stock, two of the best high flyers over the past two years, are down over 60% from their highs just over the last few months. Most of the speculative […]
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