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!
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.
This “no brainer“ way to save money fits perfectly with the “Common Sense Living” theme of my blog. What if I could show you a way…
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?
…..While an act of Congress provided authority to the Federal Reserve to create and manage our nation’s currency, it is also true that the “Federal” Reserve is NOT a federal institution!
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.
Violence erupted all over France today as protests against the international banking cartels, the main cause of France’s economic difficulties, continued.
On Friday, the “yield curve” officially inverted. This economic indicator has a PERFECT RECORD of predicting impending recessions for at least the past century. When the yield curve inverted on Friday, the stock market, and your 401k, got shredded!
Amazingly, not much has been mentioned in the mainstream media about the “Yellow Vest” protests in France, where millions of French have taken to the streets in sometimes violent protests against the globalist agenda, a fraudulent international banking system, and high taxes.
A spate of bad economic data hit the newswires this past week portending an ominous view of the future. Clearly a slowdown is underway, and it is happening much more quickly than most predicted.