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The Sermon On The Mount[ain Of Debt]
The Sermon On The Mount[ain Of Debt] “Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand. Furthermore, Keynesian theory was not even developed at the time. The General Theory of Employment, […]
Stock Market “Crash” Unlikely: It’s the Debt, Stupid
Stock Market “Crash” Unlikely: It’s the Debt, Stupid Many people have been predicting another stock market “crash”. I have not been in that camp for reasons I will explain below. Yet, I believe the stock market is at least 50% overvalued, and a 40% to 60% “net” decline is coming. My view is the decline will […]
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High After being force-fed more stimulus than John Belushi, and endless rounds of buying any and every asset that dares to expose any cracks in the potemkin village of fiat folly, Japan remains stuck firmly in what Abe feared so many years ago – a […]
The Cardinal Sin Of Investing: Permanent Impairment Of Capital
Victor Moussa/Shutterstock The Cardinal Sin Of Investing: Permanent Impairment Of Capital How to avoid making it Last week we presented a parade of indicators published by Grant Williams and Lance Roberts that warned of an approaching market correction as well as a coming economic recession. The key message was: When smart analysts independently find the same […]
Pennsylvania Will Run Out Of Cash Tonight, Leaving $860MM Of Bills Unpaid
Pennsylvania Will Run Out Of Cash Tonight, Leaving $860MM Of Bills Unpaid As equity markets spike to all new highs with each passing day, the number of fiscal crises springing up within local and state governments around the country are reaching somewhat alarming levels, even if they’re being completely ignored by investors. As Reuters notes […]
Hackers Break Into Equifax – Big Time!
Hackers Break Into Equifax – Big Time! Welcome to the reality of the Digital World and there are those in government who want to eliminate cash and force everyone into electronic deposits. Well the new data breach at credit bureau Equifax appears to have affected up to 143 million people. On top of that, Equifax has […]
The Death Of Cash – New Tech To Revolutionize The Payments Industry
The Death Of Cash – New Tech To Revolutionize The Payments Industry The world has had enough of paper money. Now that consumers are done with physical wallets, the multi-billion-dollar mobile pay app market is minting new digital barons at breakneck speed. And we’ve just identified one company at the forefront of the revolution which […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
CAN SWITZERLAND SURVIVE TODAY’S ASSAULT ON CASH AND SOUND MONEY? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
Governments to Control Large Cash Transactions
Governments to Control Large Cash Transactions I have been pointing out the crisis we face moving forward. The gist of this is the total fiscal mismanagement of government for which we, the people, are always blamed. This hunt for taxes has led down the path of arguments for eliminating currency. While people think Bitcoin is […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
Can Switzerland Survive Today’s Assault on Cash and Sound Money? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
Banks Are Scheming to Dominate a Future Cashless Society
Banks Are Scheming to Dominate a Future Cashless Society (ANTIMEDIA) — Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around […]
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]
