Looking at comparisons between the fall of Rome and the current state of the US leads me to believe that the US is vulnerable to a similar fate. Some of the similarities follow: We understand that times are different and the world has modernized somewhat, but history does tend to
The more I read about CBDC’s, derivatives, bank investments, bank risks, financial products, debt ceilings, and debt to GDP ratios, the more I concentrate on physical gold and silver. To add spice to the mix, some gold, silver, platinum, lithium and uranium stocks. Each has its risks and rewards and
Are rate hikes the answer to the economic woes created by the same people we now expect to save us? So we have a pause. Will this save us? The economy in my opinion has been deliberately imploded in order to make implementation of the CBDC (Central Bank Digital Currency)
Derivatives are a huge worry as the unimaginable values of contracts are terrifying. The list of banks and amounts contracted are available at this address below. A long list but worthwhile looking at the first twenty or so. Read more here I believe that the FED will have no alternative
Who should we believe? Do we have inflation or deflation creeping up on us? In my opinion ‘Mises Institute’ is correct. Inflation is caused by currency printing and there most certainly has been plenty of that. So for now, I expect and we are seeing continued inflation. Is deflation a
Thinking of the debt ceiling, I see the waste and ‘lost’ funds, I shake my head in horror. When literally billions and trillions ‘go missing’, my disbelief grows exponentially. When my $600.00 is tracked and prosecuted to the n’th degree, the only way that missing funds can happen is on
The IMF (International Monetary Fund) warns of a “Sizeable Upside to Inflation”. How much are they expecting that is not being clearly explained to the general public? Is this inflationary run not over? Official figures are being presented as reducing. I understand the numbers are not negative, so inflation is
It is difficult for me to believe that the super educated people of the FED can make decisions not conducive to their memorandum. “Promote maximum employment, stable prices and moderate long term interest rates”. I would be embarrassed to show my face in public if I had failed in every
I think Joe deserves to retire with dementia, oops I mean dignity, in his eighties. Gold and Silver Stocks This week the gold and silver stocks have performed in a mediocre manner in comparison with physical gold. A few stocks have performed well and even though many have ended the
Maybe the end of the dollar reign, but not down or out, in my opinion. Would I minimize my holdings? Sure. Would I hold physical monetary metals? Sure. Would I write off the dollar? No way. Michael @MikeSay98 Something to ponder: If the US Government owned every single ounce of
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