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Tag Archives: News

Daily Digest 12/14 – 401(k) Plans Not Working For Most, What’s Wrong With the American Diet?

Economy Here’s proof that 401(k) plans are not working for most Americans — can you guess who they are working for? (Adam) With almost half of all working-age families having zero in retirement savings, the fact that the median family had only $7,800 in these accounts shouldn’t come as a surprise. At the same time, the 90th percentile family had $320,000 and the top 1% of families (which isn’t shown on the chart) had $1,663,000 or more. “These huge disparities reflect a growing gap...

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Hyperinflation, Money Demand, and the Crack-up Boom

In the early 1920s, Ludwig von Mises became a witness to hyperinflation in Austria and Germany — monetary developments that caused irreparable and (in the German case) cataclysmic damage to civilization. Mises’s policy advice was instrumental in helping to stop hyperinflation in Austria in 1922. In his Memoirs, however, he expressed the view that his instruction — halting the printing press — was heeded too late: Austria’s currency did not collapse — as did Germany’s in 1923. The crack up...

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The US Economy Is Being Japanified — Thanks to the Fed

Japan has not recovered fully from the lost decade of the 1990s. The Asian financial crisis was exacerbated by the dot-com crash and then a few years later the global economic collapse. Tokyo has tried everything to combat anemic growth and deflation, and resolve the zombification of the Japanese economy through an immense buildup of government debt and a dramatic loosening of monetary policy, including subzero interest rates. This has become known as Japanification. In recent years,...

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Expecting a Market Downturn? Make Sure You’re Following the “Noah Rule”

In his letter to Berkshire Hathaway shareholders for fiscal year 2001, Warren Buffett made one of his now-famous pronouncements:  “Predicting rain doesn’t count, building an ark does.” Buffett admitted to forecasting some of the market turmoil during the year, which was exacerbated by 9/11, and yet he failed to convert thought into action. Thus, he violated what some investors now call “the Noah rule,” named for the ancient prophet who saved himself, his family and a few million animals by...

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Take Action Locally To These Global Threats

Despite attempts to distract us, the systemic rot is accelerating Why an approaching painful reset is a matter of ‘when’ not ‘if’ at this point The big step I’ve just taken in my own planning An opportunity for a few interested others to join me If you have not yet read Part 1: Bubbles Are Brutal , available free to all readers, please click here to read it first. What sort of country lavishes unnecessary wealth on its already-rich citizens while cutting off access to food for its very...

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Bubbles Are Brutal

Asset bubbles are brutal. The most difficult time to remain centered and focused is during their last stages as everyone around you is going nuts. Logic has been tossed out the window, sentiment is manic, and every narrative – the stories we hear and use to make sense of our world – is thoroughly ungrounded. After a decade of price deformation — such as UBER being valued by the ““markets”” at $45 to $50 billion despite having no viable path for ever making a profit — it seems that...

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What’s your backup plan if gold is confiscated?

Editor’s Note: Nothing in this video constitutes legal or tax advice, and you should not rely on its claims as such. “If the survival of the dollar is threatened, you cannot rule out the government trying to make gold and silver illegal again.” That’s how Mike Maloney begins his new video, a discussion with Jeff Berwick of Dollar Vigilante, on the possibility of gold confiscation. While Mike says confiscation “probably won’t happen, you’re screwed if all you own is coins...

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Gapping Rotation in SPY and News Based Rallies Are A Warning

December 12, 2019 As holiday trading sets up in the global markets, the SPY is starting to show signs of volatility and warning of a potential top by gapping as price attempts to trade sideways.  This type of top formation, along with the fact that the overnight REPO facility continues to roil the markets, continues to draw our researchers to the conclusion that some type of debt or liquidity issue is just below the surface of the global markets. We believe the topping formation in the...

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Los próximos aumentos del salario mínimo estatal prohibirán los empleos para los trabajadores de bajos salarios

By: T. Norman Van Cott Los estadounidenses han sido testigos de personas que se han manifestado a favor de un salario mínimo de 15 dólares. Se llama «La lucha por 15 dólares». Los ciudadanos de Florida incluso votarán sobre la inclusión de un salario mínimo de 15 dólares en la constitución de su estado en las elecciones de noviembre de 2020. Un plebiscito sobre el salario mínimo está pendiente en Idaho en 2020. Si el pasado es una indicación, las perspectivas para las iniciativas de Florida...

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