Monday , 29 April 2024

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munKNEE.com: A Site For Sore Eyes & Inquisitive Minds – Check It Out!

Twice each week munKNEE.com publishes a newsletter (the Market Intelligence Report) consisting of the latest 5 financial articles posted on its site. Each article has been edited for clarity and shortened in length (by approx. 40% on average) for a faster and easier read. Unlike any other site on the internet (and much maligned by Google) munKNEE.com truly is a site for sore eyes and inquisitive minds. Check it out!

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New Global Currency Will Be Backed By 20-40% ($7,000) Gold – +4K Views

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?

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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!

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