If so, Read This:
Financial bubbles tend to pop VERY quickly.
There is no financial fantasy that can last forever, whether you’re talking about unprofitable companies or governments that lose trillions of dollars. Sooner or later you have to turn a profit. You have to generate positive cash flow. You have to balance the budget.
And as the Snapchat stock collapse shows, when the public wakes up and realizes this may not be possible, the consequences can be pretty ugly…
The current mining production ratio between silver and gold is about 9:1.
This means that 9 ounces of silver are mined for every 1 ounce of gold that’s mined.
This is very interesting from a supply/demand perspective:
“By late 2014 I’d finally had enough. After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank… I was completely unprepared for the torrential sh*t storm I was about to enter.”
Yesterday I recorded a new podcast with my US-based tax attorney to talk about the Trump administration’s new tax plan… or as I like to call it, the plan to have a plan:
This is rapidly becoming a familiar story in Silicon Valley.
The last time this happened was 17 years ago.
Anyone remember what happened 17 years ago?
Oh right. The Dot-com bubble burst…
After months of experimentation and failure, I finally managed to crack the code and successfully distill my first batch of homemade ethanol.
But here’s something you can do now:
Sure, United had a man dragged away like he was a rape suspect being hauled off to jail.
But banks treat their customers like criminal suspects on a daily basis.
If you think I’m exaggerating, try walking into your bank and asking to withdraw $20,000 in cash.
“Think about it; cutting your tax is like boosting your investment return by 10%, 20%, or more, without taking on any risk. You’ll never generate that kind of return so easily anywhere else.”
To paraphrase that great scene from Airplane, it looks like I picked the wrong week to unplug from the Internet.
When the Chief Economist For Fannie Mae Admits the US Housing Market Is At “The End of the Cycle”, 2008 All Over Again May Be Closer Than You Think:
Here’s a suggestion: If your government is totally bankrupt, don’t keep 100% of your assets within its reach.
According to a 2016 report from Citibank entitled “The Coming Pension Crisis,” the 35 developed nations have pension shortfalls totaling $78 TRILLION.
To put the number in context, $78 trillion is more than the size of the entire world economy.
And the shortfalls get worse each year.
When TSHTF, THIS Guy Will Have More Than 1 Option:
This is where things quickly get out of control.
Two words: Own gold.
It seems all we are lacking at this point is a Fortune magazine cover with a “DOW 100,000” headline.
The largest number in ancient Egypt was 1 million. As historian Will Durant wrote,
“The sign for 1,000,000 was a picture of a man striking his hands above his head, as if to express amazement that such a number should exist.”
Today the national debt in the Land of the Free is just shy of $20 trillion.
According to public data filed with the Securities and Exchange Commission, insider buying is at its LOWEST level in THREE DECADES.
In other words, the people at the top of the corporate food chain who have privileged information about their businesses are NOT buying.
What do these CEOs know that we don’t?