If you have not yet read ‘The Creature from Jekyll Island: A Second Look at the Federal Reserve,that’s okay.
It could be a doorstop.
But I recommend it anyway. And if you just can’t make the time to read it, maybe you’ll give the video a listen.
This book is basically the ultimate foor anyone who wants [...]
Three numbers say it all:
$14 trillion (which is GDP)
$11.3 trillion (which is the current national debt),
$3 trillion (which is how much MORE national debt will accrue this year alone)
Well, maybe four if you include the already-announced eye-popping $1.84 trillion in budget deficits and five, another trillion or so in “surprise!” emergency supplemental appropriations as [...]
The Fed’s FOMC met and signaled that interest rates will be held to near zero in the U.S. for the rest of the year.
Now… Why would that be good for silver?
Here’s the thing: The underlying fear in the markets is that the Fed will NOT be pro-active in removing their stimulus when inflation begins to [...]
Who’s the biggest borrower today?
The United States of America. At 12% of GDP, its deficit is more than twice as large as that of France. It already owes Japan and China as much as Germany owed its former enemies in reparations – adjusted to today’s money.
While the private sector during the bubble years brought U.S. [...]
“History doesn’t repeat itself, but it does rhyme.” – Mark Twain
What are we going to do about all the debt?
We have a lot of it, the only way to pay it back is to lower the value of the dollar – a devalued dollar means loss of purchasing power, which means inflation…which means you need [...]