TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
As the cannabis industry continues to grow more popular, so do cryptocurrencies that support the marijuana space overall. Because most cannabis dispensaries aren’t allowed access to banking services and because of the penalties that occur when dispensaries pay off their taxes with cash, the industry has turned to digital currencies as a means to work Read More…
** PROFITS UPDATE: Today’s letter focuses on the monumental shift in global growth and the inflationary pressures now felt on raw commodities: Gold is above $1,340, zinc trades at 10-year highs, palladium is soaring, and silver is taking big steps, but before you begin reading, I wanted to update on Stratis (STRAT), the under-the-radar cryptocurrency Read More…
For the last century, the purchasing power of all national currencies has dwindled and diminished. In fact, the USD, which is considered the most stable form of fiat cash, is down 96% in 104 years. Rick, my research partner, and I are both hoarding precious metals in vault storage. We don’t expect to become wealthier Read More…
A new study from advocacy group Tax Justice Network reveals that Switzerland is the world’s most-corrupt country, with a “high secrecy score of 76.” It’s followed by the US and the Cayman Islands. “Switzerland is the grandfather of the world’s tax havens, one of the world’s largest offshore financial centers, and one of the world’s Read More…