The Three Ds of Doom: Debt, Default, Depression
“Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression…
Continue reading“Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression…
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Michael tells Silver Doctors the yield curve will invert, causing the money supply to shrink, which thrusts the world into recession. Here’s more…
Continue readingLast week the rumors were that Venezuela made it’s debt payment. This week we know that Venezuela is declared in default. Here’s the details…
Continue readingIt is highly probable that the crashing stocks of MBIA, AMBAC and AGO are the alarm bells of a black swan landing. And, of course, no one has been talking […]
Continue readingWe all know that the end of COMEX price rat-holing of gold and especially silver has a more limited life now than ever before. Have you wondered what will be […]
Continue reading“There is precedent for a government shutdown,” Lloyd Blankfein, the chief executive officer of Goldman Sachs, remarked last week. “There’s no precedent for default.” How wrong he is. Let us […]
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