Jim Rickards is of the opinion (see HERE) that a global currency reset is coming in the not too distant future in the form of an IMF issue, known as a Special Depository Receipt. It will be backed by 20-40% gold from the reserves of the global central banks which will necessitate revaluing bullion to around $7,000 a troy ounce, or there won’t be enough of it to do the job. The unknown factor is the timeline: does this happen this year - or in five years?
Read More »Average American Can’t Afford To Own A House – Here’s Why (+3K Views)
Regular home buyers are wondering why they are unable to partake in the American Dream of owning a home now that they actually have to document their income and put some skin in the game. The reason is that the current median selling price of $201,000 puts real estate out of reach for most Americans earning the typical $50,000 a year unless they go into massive levels of debt. They are too broke to own a home!
Read More »Global Financial System Terribly Flawed! Here Are 7 Reasons Why
Today’s infographic highlights the seven major flaws of the global financial system, ranging from the lack of basic access to financial services to growing inequality.
Read More »Invest Like Warren Buffett: Here’s His Portfolio
Berkshire Hathaway's investment portfolio has quite a following as many consider it as the Holy Grail in investing. Part of the interest can be attributed to curiosity over what Berkshire Hathaway’s Warren Buffett is doing with the stocks in the portfolio and the fact that there are countless investors trying to mimic Buffett’s actions in their own portfolio in an attempt to realize superior returns. This article...provides an analysis of the changes made to Berkshire Hathaway's 13F stock portfolio during Q4 2018.
Read More »Understanding the Arithmetic of Wealth Is Critical to Increasing Your Wealth
The power of compounding: Use this knowledge to plot your road map to wealth.
Read More »Planning to Sell Your Car? Here Are the Best Ways To Do So
If you are looking to sell your car, it’s good to know what kind of options you have at your disposal. Here are the 6 best ways to do so.
Read More »Is A “Permanent” Portfolio For You?
Wouldn’t it be nice to not have to worry about investment decisions? The late Harry Browne, libertarian and investment adviser, thought so and proposed what he termed the Permanent Portfolio.
Read More »What Do Increasing Imports Mean For Health of U.S. Economy?
Most manufactured goods move between countries in sea containers and such data acts as an early indicator of the health of the economy. What is it indicating at this point in time - a coming recession or not?
Read More »Mauldin: Is Modern Monetary Theory Just Modern Monetary Madness?
Most of the time when I am talking with my fellow writers and economists, when somebody mentions MMT, everybody smiles, maybe chuckles, and shakes their heads. The problem is, what seems like a joke is actually getting traction.
Read More »The Noah Rule: Build An Ark For A Rainy Day
An alarming number of Americans aren’t saving for retirement. They may have “predicted the rain,” but for whatever reason they haven’t gotten around to “building the ark.”
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