Economy

As we approach November, the frequency with which the press discusses the fiscal cliff will increase. This will no doubt lead to higher stress and volatility levels...so if you need money we advise getting it out of riskier assets before the last minute….Let me explain.

This short video - on the sustainability of government spending - should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom.

If you see yourself as someone who 'thinks for yourself' and have wealth to protect I strongly recommend you spend time listening to George Soros. I particularly recommend this given that he delivered this address in June, and because I believe we are now getting to the point where we can see the lights of the train as it comes ever closer to where we are standing on the Eurozone (and world) economic track. Words: 655

"The end of the world as we know it" is what David Korowicz predicts is coming sometime this decade - an "ultimate" crash that will be irreversible - TEOTWAWKI! Words: 1395

The International Monetary Fund, the U.S. Congressional Budget Office, the National Association of Manufacturers and many other authorities are now warning that with the largest tax increase in U.S. history — plus the largest government spending cuts our nation has ever seen - one of the deadliest financial crises in U.S. history is set to strike the U.S. economy beginning this coming New Year's Day. Barring a miracle in Washington..... Words: 1028

This short video - on the unsustainability of government spending - should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom. Anyone that cannot understand this presentation should not be allowed out without a guardian.

The problems of the US government are insoluble. They will result in the sovereign default of the federal government and the collapse of the US economy. Monty Pelerin explains why: "The claimed debt of the Federal Government of $16 Trillion is enough to threaten its viability and that of the US economy. The current glide path of spending and revenues ensures that debt will increase. Explicit and implicit Treasury guarantees will be required to bail out failing public and private agencies. The situation becomes hopeless when the unfunded liabilities are taken into account."

Doug Casey commenting on the past and the future: What we experienced in the 1930s was a deflationary depression where billions of dollars were wiped out with a stock market collapse, bond defaults, and bank failures. Inflationary money that was created since the formation of the Federal Reserve in 1913 was wiped out. Prices went down. This depression will be …

Pundits and prognosticators like to throw around a lot of numbers when trying to predict where the economy is headed. The most popular economic indicators, however, aren't nevessarily the best. Russ Koesterich explains why the figures you hear most often are over-rated and identifies which indicators should be used instead.

The gold standard is a solution in search of a problem. Actually, it's worse than that. It's a problem in search of a problem. Prices would have to fall a great deal if we adopted the gold standard today. In other words, it would turn the imagined problem of price stability into a real problem of price stability. And, of course, this ensuing deflation would send the economy into a death spiral due to still high levels of household debt. [Let me explain further.] Words: 910