Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSS “More people are thinking just like you are right now. You just don’t know it”, Chris Martenson tells Silver Doctors… Chris Martenson of Peak Prosperity interviewed by Elijah Johnson of Silver Doctors We’re seeing collapse in the “three E’s”: economy, environment, and energy. Martenson says these collapses are processes, not events, and that these changes are happening now. In the economy, we...

The larger our debt grows, the more interest we have to pay, and the less we have to spend on other things like roads and bridges… by Michael Snyder of The Economic Collapse Blog The U.S. national debt is wildly out of control, and nobody in Washington seems to care.  According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt.  In just a few days, that figure will cross the 22 trillion dollar mark.  Over the last 10 years, we have added more than 11 trilli...

Fed's Bullard Says U.S. Likely to Miss Inflation Target for Eighth Year From ReutersThursday, February 7, 2019 WASHINGTON -- The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said today. Bullard said the pricing of inflation-protected securities showed that investors late last year began lowering ...

RBA Governor Philip Lowe just gave one of the most shocking public performances in Australia by an economic official… by John Adams of Adams Economics and Martin North via In The Interests Of The People This week Australia’s Central Bank Governor Philip Lowe spoke to Australia’s National Press Club about the state of the Australian and global economy, the state of the Australian banking system and the future direction for Australian interest rates. The Governor’s speech and the subsequent Q&...

As the bear market rally comes to an end, it now appears the metals are set for a massive spike. Bear Market Rally ExhaustedBy Bill Fleckenstein President Of Fleckenstein CapitalFebruary 7 (King World News) – Stock market bulls took a break today and the indices fell more than 1% in the first couple of hours. There was no proximate cause that I could see. Perhaps the bear market rally has finally exhausted itself, which is how they typically end, but after the little maniacal run we have seen I’...

“Trump is misled on many issues. For example, China has not stolen US jobs. US jobs were exported to China by US global corporations…” by Paul Craig Roberts via PaulCraigRoberts.org Trump’s Speech: An Assessment Paul Craig Roberts Readers are requesting my take on President Trump’s state of the union speech. Briefly, judging by the polls taken by his hostile critics—CNN and CBS—the speech was very successful with 76% of the public expressing approval. And this despite several years of demonizati...

The vast majority of the American middle class is only one missed paycheck away from poverty…  by Mac Slavo of SHTFplan According to recent studies, the vast majority of the American middle class is only one missed paycheck away from poverty. About 78% of workers in the United States are living paycheck to paycheck, and the statistics don’t improve from there. Only 39% of Americans actually have saved enough money to cover a $1000 emergency. Nearly 3 in 4 workers say they are in debt and of thos...

Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies… by Frank Holmes of US Funds Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies. Last year was a watershed in the size of official gold purchases, as banks added an incredible 651.5 tonnes (worth some $27.7 billion) to their holdings, according to the World Gold Council (WGC). No...

GREAT LOSSES TO Liberty, Privacy, and CONSTITUTIONAL RIGHTS hang in the balance as pending federal bills are about to change our nation, forever… Jim Rawles interviewed on Reluctant Preppers Pending Federal gun bills (HR 8 and S 42) are about to change our nation forever, unless we act NOW. Already on the “FAST TRACK,” these bills are barreling forward without full disclosure or public awareness. Great losses of liberty, privacy, and constitutional rights hang in the balance. These liberties, on...

By Thomas GroveThe Wall Street JournalThursday, February 7, 2019 SUKHOI LOG, Russia -- Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia's biggest gold producer, Polyus PJSC , and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency. Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that t...

It’s now a real possibility gold loses the psychological level of $1300, so let’s look at how low gold may go, and when we can expect a move higher… by Chris Vermeulen of The Technical Traders The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months.  On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners.  In this post, we suggested that the recent peak in Gold, near $1330, would likely en...

Hundreds of US companies are about to have their bond ratings cut to junk. Here’s why that’s a major problem for the markets and the economy… by John Rubino of Dollar Collapse The key insight of the Austrian School of Economics (maybe the key insight of ALL economics) is that the amount you borrow matters, but so does the use to which you put the money. A case in point is US corporate debt, which has changed structurally lately in very scary ways. The short version of the story is that after the...

With stocks tumbling, bonds and gold higher and the dollar flat, here is a (warning) word from the wise. Stock Market Rally Coming To An EndFebruary 7 (King World News) – Here is a portion of today’s note from legend Art Cashin:  A Word From The Wise – Our former floor comrade, Mark Newton, is a noted market technician. Here’s a bit from his respected overnight market summary:  Yesterday was the first real evidence of at least a minor stalling out in the market. We saw a small downdraft which wa...

Pay very close attention to your risks today, regardless of the investment. Simon explains why… by Simon Black of Sovereign Man By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns. Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains. Amazon alone was responsible for about one-third of the index’s move. And we long warned about the follies of blindly investing your capital into these incre...

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Ron says if the plan to starve Venezuela into accepting the US-appointed President doesn’t work, the neocons have another plan. Here are the details… by Ron Paul of the Ron Paul Liberty Report US “humanitarian” aid to Venezuela is being weaponized – routed through the US-backed opposition to feed its supporters. Meanwhile, backers of the Venezuelan government will face draconian sanctions designed to starve them into accepting the US-appointed president. If it does not work, Bolton and the neoco...

Michael says that gold & silver have that all too familiar feel of a raid-waiting-to-happen. Here’s why we’re at a critical near-term juncture… by Michael Ballanger via Streetwise Reports Upon reflection back to kinder, gentler times before interventions and the emergence of central bankers as modern-day messiahs, it is noteworthy that every January dawning back to 2001, the precious metals “guru” community makes their usual bombastic pronouncements claiming that “(INSERT YEAR) WILL BE THE ...

As credit-asset bubbles pop, the dominoes start falling. The economy is far more precarious than the surface boom and bubbles suggest… by Charles Hugh Smith via Of Two Minds As credit-asset bubbles pop, the dominoes start falling. The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and sink them. The cost structu...

By Patricia Laya and Alex VasquezBloomberg NewsWednesday, February 6, 2019 President Nicolas Maduro blew through more than 40 percent of Venezuela's gold reserves last year in a desperate bid to fund government programs and pay millions to bondholders. The government sold a total of 73 tons of gold to two firms in the United Arab Emirates and another in Turkey, opposition lawmaker Carlos Paparoni told reporters in Caracas on Wednesday. That drained reserves to about 110 tons at the end of last y...