I recently interviewed Chuck Butler about winners and losers during inflationary times. I began with: “Historically inflation hurt creditors and helped debtors as they are paying back their obligations in much-depreciated dollars. I’ve had readers ask about borrowing money to invest. Chuck, that concerns me. Many of our readers are baby boomers or retired. …. Are you in the camp […]
» Read moreSince 2008, pundits are screaming – “Inflation is coming!” They are getting louder; do we scoff at the warnings, or take heed? What if they are right? If we take precautions, what harm can we do to our life savings if it doesn’t happen? Baby boomers worked hard and played by the rules. Most are past their peak earning years […]
» Read morePundit Bill Bonner’s article, “Money-Printing Means Inflation for the U.S. Economy”, concludes: “It’s inflate or die. And if anyone gets in the way of inflation… the ‘active shooters’ – in both the private sector and the public sector – start gunning for them. Last week, Treasury Secretary Janet Yellen came under fire for saying she might have to raise interest […]
» Read moreEnough is enough! It makes no difference what political party is at the helm, our government is foolishly wasting money and putting OUR country at risk. While the preamble to our Constitution begins with, “We The People”, somehow the concept of elected representatives looking after OUR best interest got lost along the way. Pundit Bill Bonner defines government in simple […]
» Read moreLast week Chuck Butler and I accepted a challenge from subscriber Charles F. “Describe life in the US 5 years into the loss of our currency reserve status. Winner, Losers, what does gov’t look like on different levels, our position in the world, let your imagination run wild. When I do this my thinking quickly turns to mush.” Much like […]
» Read moreIn our recent article, How Long Can This House Of Cards Last? What Can We Do?, Urs Vrijhof-Drose remarked: “Asia and Russia have a problem with the USD being the global reserve currency. …. We believe that this ongoing depreciation of the USD will continue….” Charles F., a subscriber to both Chuck Butler’s Daily Pfennig and our letter, sent us […]
» Read moreMy grandfather was a WWII Army Sargent, an uneducated farmer with a Ph.D. in common sense. One of the lessons he preached; the longer you ignore a problem, the more it will grow. Fed Chairman Jerome Powell never met my grandfather. This Schiff Gold article confirms my grandfather’s thinking: (Emphasis mine) “During a webinar sponsored by the Economic Club of […]
» Read moreIf we constantly borrowed and spent more than we earn while debts piled up; our house of cards will eventually collapse. Over a decade ago, P.J. O’Rourke warned: “Alarm bells should be ringing very loudly as the United States contemplates a deficit for 2010 of more than $1.5 trillion – about 11% of GDP…. …. Empires behave like all complex […]
» Read moreWhat is happening is unprecedented! Two multi-trillion-dollar bailout packages in less than a year and a third in the works. The Charlotte Business Journal reports: “In the past few years, we have experienced three major tax and financial changes that we typically only expect once a decade. …. This year, we are expecting another major bill (if not multiple) to […]
» Read moreFor generations Baby Boomers were told to follow certain rules and, with Social Security, then later Medicare, they were guaranteed a safe, comfortable retirement. Oops! For many it is not happening; did they fail to read the small print, or understand things? Dictionary.com defines guarantee, with some examples: noun “a promise or assurance, especially one in writing, that something is […]
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