TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
“Fortress balance sheets?”… “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s 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…
Following new sanctions against Russia that President Donald Trump signed into law last week, Moscow responded Monday by announcing Russia will speed up work on reducing the country’s dependence on Western payment systems and the U.S. dollar in general, according to Russia’s state-run RIA Novosti news agency. “We will of course intensify work related to import substitution, reduction of Read More…
Iranian officials have struck back at the Trump administration’s verbal attacks on Iran, suggesting the U.S. should worry about its own domestic problems before turning a critical eye towards them. According to al-Monitor, an arguably pro-Tehran media site: “Iranian officials have condemned US Secretary of Defense James Mattis for calling for regime change in Iran. During an interview with a high Read More…
A series of fake news articles (see here, here and here), blackmail of anonymous Reddit users who had the audacity to poke fun at them and a couple of undercover videos from Project Veritas revealing CNN producers admitting their own news is “mostly bullshit,” seems to be taking a toll on CNN’s ratings. As The Federalist notes in the table below, for the week Read More…
Several U.S. states and the federal government are hopelessly insolvent. It’s something many bullion investors have known for years. The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don’t matter. That moment drew closer last week when ratings agencies downgraded Illinois Read More…