Common Sense Living

Posts by Practical Paul

The $350 Billion Bank Bailout Of September 2019!

The US banking system broke this past week, and in a BIG way! This is the first time this has happened since the 2008 financial crisis. Interestingly, that crisis began in a similar way. Unfortunately, the news media is yawning over this significant event just as they did in 2007/08 when the banking system was breaking then!

Gold Is Glittering!

With mounting risks in the world economy, a aging bull market that could now could be considered a generation old, and interest rates around the world going negative, precious metals have been the place to be. I am fully expecting the gold and silver rally that began in May this year to continue for many months to come.

Negative Interest Rates: Say Whaaaaat??

nterest rates throughout much of the world, especially in Europe and particularly Germany, have gone negative. You read that right! Lenders, instead of collecting interest on money they lend, PAY borrowers to borrow! Given that scenario, is it no wonder the world has gone bonkers borrowing money?

JCPenney On The Verge Of Collapse!

JCPenney, an icon of American department stores, is on the verge of collapse. Penney’s has over 800 locations in 49 states, and employs roughly 95,000 people. Last week, the company announced a 1st quarter loss of $154 million, or $0.48/share. Analysts are projecting a loss of over $600 million for 2019…..assuming Penney’s even survives the year.

Unreasonable Search & Seizure

Amendment 4 of the United States Constitution protects citizens from unreasonable searches and seizure of their property. The law goes further in defining a search to be when the government physically intrudes on “persons, houses, papers, or effects” for the purpose of obtaining information.