April 2, 2019: Just another FOOL’s Day


Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Wal-Mart Is “Quietly Closing Stores
Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history. Many are referring to this as “the retail apocalypse”, and without a doubt this is one of the toughest stretches for retailers that we have ever seen… (Continue to full article)

The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars
The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet… (Continue to full article)

How Does Inflation Affect Foreign Exchange Rates
Inflation affects every consumer, business person and investor in some way or other. Inflation is one of the key factors that affect consumer prices, financial markets including Stocks, Bonds and Forex. As such, it is important for consumers, investors and traders to get a deeper understanding of what is inflation and what causes it… (Continue to full article)

Yeah Baby, Brewing coffee at the same time preparing breakfast, a gentle rush of Tuesday morning Blues in the background with Chet Baker and Elvis Costello???…. Oh YEAH – makes for a great morning!!!

Food Prices in the United States (1919-2019)
The cost of living isn’t easy to calculate. A declining cost of home appliances, for example, needs to be juxtaposed with the growing cost of healthcare, etc. In the space of this short op-ed, I want to focus on an expense that is intimately tied up with the very survival of human beings – the price of food. Throughout the history of our species, people lived in a state of undernourishment. In developed countries today, obesity is a growing problem and food is cheaper than ever… (Continue to full article)

The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis
While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment demand to the prior decade, can we truly understand how the precious metals market has changed, and probably forever… (Continue to full article)

Risk On – You Never Can Tell
“While everyone enjoys an economic party the long-term costs of a bubble to the economy and society are potentially great. They include a reduction in the long-term saving rate, a seemingly random distribution of wealth, and the diversion of financial human capital into the acquisition of wealth. As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming…” (Continue to full article)

US$ Status As Global Reserve Currency Edges Lower
The degree of dominance of the US dollar as global reserve currency is determined by the amounts of US-dollar-denominated financial assets – US Treasury securities, corporate bonds, etc. – that central banks other than the Fed are holding in their foreign exchange reserves. The dollar’s role as a global reserve currency diminishes when central banks shed their dollar holdings and take on assets denominated in other currencies… (Continue to full article)

Sears’ Execs $25M Bonus, Cancel Retiree Life Insurance
Awful: Sears just reportedly notified up to 90,000 of their retirees, many of whom are in their 80s, that it would be ending their life insurance benefits… (Continue to full article)

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again
The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street. In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal… (Continue to full article)

A $450 Million Da Vinci Painting Vanishes Into Thin Air
The last known stop for the painting was Zurich, when it was inspected by an insurance company before being shipped to “an unknown location”. After Switzerland, “the trail goes completely cold.”… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 623 – 327 – 1778


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