Welfare-Warfare State

Why I’m Leaving

"My grandparents emigrated from Portugal to Mozambique during the 1940s and 50s in search of a better life. The massive and undeveloped colony seemed like the land of milk and honey for those willing to get their hands dirty. A few decades later my parents-to-be immigrated to South Africa as Mozambique headed towards what would become a 10-year war for independence. Then when I was just 4 years old they decided that a fascist state fully enveloped with the evils of apartheid was no place to raise a child. My mother was fortunate enough to get a work visa into the United States and that’s where we’ve been ever since. Now the time has come for me to follow in my family’s footsteps." Continue reading →

Continue ReadingWhy I’m Leaving

3 Urgent Steps for the Ultimate Strategy in 2014!

"There’s no doubt we’re living in crazy times. Despite a slight reduction in the amount of unbacked money it prints every month, the Fed is still burying the world in unbacked paper dollars. Despite a 'budget deal,' the massive federal debt is nearing the $18 trillion mark and annual deficits are still massive. Despite the trillions Washington has poured into the economy over six years, growth is still sub-par. Despite Washington’s claims to the contrary, the real unemployment rate, measured the way our government used to, is still 13.2 percent. Yet this year alone, the S&P 500 has hit nearly four dozen new all-time highs in 2013. So what’s the wisest wealth-building strategy in times like these?" Continue reading →

Continue Reading3 Urgent Steps for the Ultimate Strategy in 2014!

The Biggest Interest-Rate Turn in 37 Years

"We witnessed the power of bond market vigilantes in 1980, at a time when most of them were in the United States. Now it’s much worse because so many are overseas. We witnessed their power again in 1994, at a time when there was virtually no inflation scare. Now, it’s worse because all the Fed’s money printing is spooking investors about future inflation. We also saw their power repeatedly in 2011 and 2012, when they dumped the bonds of Greece, Spain and Italy. Now it’s worse because, unlike the situation in Europe, there’s no country or union in the world big enough to bail out America. In one sense, nothing has changed since Carter’s day of reckoning on April 15, 1980." Continue reading →

Continue ReadingThe Biggest Interest-Rate Turn in 37 Years

Revolutionary France’s Road to Hyperinflation

"The current Federal Reserve strategy is apparently to wait for significant price inflation to show up in the consumer price index before tapering. Yet history tells us that you treat inflation like a sunburn. You don’t wait for your skin to turn red to take action. You protect yourself before leaving home. Once inflation really picks up steam, it becomes almost impossible to control as the politics and economics of the situation combine to make the urge to print irresistible. The hyperinflation of 1790s France illustrates inflationary monetary policy becoming unmanageable in an environment of economic stagnation and debt, and in the face of special interests who benefit from, and demand, easy money." Continue reading →

Continue ReadingRevolutionary France’s Road to Hyperinflation

Your Trip on My Time Machine

"How fast and how far could interest rates rise? How soon would they impact other sectors of the economy? How can you profit from this powerful megatrend? On a quest for the answers, I invite you to a voyage through time: We will visit five critical — and incredible — periods of the past. We will return for a reality check of the even more incredible present-day reality. And then, we will take a quick trip into the future to see, first hand, a scenario that we believe is absolutely unavoidable. Our first stop is over a half century ago." Continue reading →

Continue ReadingYour Trip on My Time Machine

Who Will Head the Fed? It Doesn’t Matter

"As leaders in the developed Western world become more authoritarian and move to confiscate wealth, most markets will actually respond very positively. Seems illogical, I know. But the facts of the matter are this: In times of war and potential confiscation of assets, stocks can become safe havens as money is pulled out of sovereign bond markets to be invested elsewhere. Commodities can take flight as investors begin to hoard tangible assets and portable wealth, and the real bull markets in precious metals truly unfold. My top recommendation right now: You can largely ignore the central bankers. Instead, keep both eyes on the leaders in Washington and Europe." Continue reading →

Continue ReadingWho Will Head the Fed? It Doesn’t Matter

Ron Paul: Federal Reserve Steals From the Poor and Gives to the Rich

"As recently as five years ago, it would have been unheard of for a Wall Street insider and former Fed official to speak so bluntly about how the Fed acts as a reverse Robin Hood. But a quick glance at the latest unemployment numbers shows that QE is not benefiting the average American. It is increasingly obvious that the Fed's post-2008 policies of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. It would be a mistake to think that QE is the first time the Fed's policies have benefited the well-to-do at the expense of the average American. The Fed's polices have always benefited crony capitalists and big spending politicians." Continue reading →

Continue ReadingRon Paul: Federal Reserve Steals From the Poor and Gives to the Rich

Peter Schiff & Max Keiser talk of greatest Ponzi of our time

"In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss drinking the kool aid (never mind the cyanide) while the young and unemployed of Ireland are encouraged to emigrate by government economists determined to flatter their Troika stats. In the second half, Max interviews author and investor, Peter Schiff, about inflation in fraud as governments want a cut of financial crimes and the trickle down monetary policy ponzi scheme." Continue reading →

Continue ReadingPeter Schiff & Max Keiser talk of greatest Ponzi of our time

Bill Bonner: Is QE Broken?

"Forget about tapering off. Instead, think of tapering on. How about this as a possibility? With no more ginned-up earnings from ultra-low interest expenses… no boost to top-line revenues from rising consumer spending… and no pricing power – corporate America’s earnings begin to fall. QE or no QE, stock prices fall. The Fed panics. It will be confronted with dropping asset prices and disinflationary (possibly deflationary) consumer prices. It will have to find a way to modify QE so that it does put dollars directly into the economy. Second, this new push – if it comes – may well send stocks soaring again. There’s nothing like free money to make investors happy. Third, the entire project is doomed." Continue reading →

Continue ReadingBill Bonner: Is QE Broken?

ObamaLoans Up by Almost 3 to 1

"The official goal of the Health Care and Education Reconciliation Act was to make college more affordable. How? By making loans to students. The effect has been to lure millions of students into long-term debt for the purchase of liberal arts degrees that do not lead to high-income jobs. ObamaLoans took loan-making decisions away from banks and placed this into the hands of federal employees at the Department of Education — bureaucrats with job tenure. The amount of student debt owed to the U.S. government in 2009 was $120 billion. Today, it is $675 billion. In July 2010, ObamaCare was passed. That’s when the loans began to multiply." Continue reading →

Continue ReadingObamaLoans Up by Almost 3 to 1