A Random Encounter In A Diner On Memorial Day Shows Exactly Where America Is Heading…
People believe that there is so little hope for the future of America. The young adults of today are going to be the leaders of tomorrow, and generally speaking the young adults of today are not in good shape. Survey after survey has shown that Millennials reject traditional American values more than any other generation that has come before them by a very wide margin. They are selfish, rude, arrogant, boastful, proud, disrespectful, ungrateful, undisciplined, slothful and completely obsessed with themselves. In fact, one study found that they are the most narcissistic generation in American history. They feel entitled to everything, but they don’t want to work for it. They want to be treated like kings and queens, but they don’t see a problem with treating others like dirt. Of course there are plenty of young adults that are shining exceptions, but in general young adults under the age of 30 in America today are a complete mess… (Continue to full article)
The Role of Gold in Today’s Multi-Asset Portfolio
Traditionally, investors have used gold tactically with an aim to help preserve wealth during market corrections, times of geopolitical stress or persistent dollar weakness. However, the expanding universe of investable asset classes and the relative ease of shifting across di erent assets mean today’s typical multi-asset fund looks di erent than “balanced” stock-and-bond funds of the past. Given gold’s historically low or negative correlation with most other asset classes, we believe gold should be considered as a core diversifying asset with a long-term strategic role in multi-asset portfolios… (Continue to full article)
Russian Central Bank Eyes Gold-Backed Crypto
First there was Tether; a controversial dollar-backed cryptocurrency by crypto exchange firm, Bitfinex. Then came Petro, the industry’s first oil-backed crypto issued by the Venezuelan government last year. And now we might be about to see the first gold-backed cryptocurrency—by a central bank, no less. According to Russian news agency, TASS, Russia’s central bank, the Bank of Russia will consider issuing gold-backed cryptocurrencies – a rather strange move considering how cryptocurrencies are generally anathema to central banks… (Continue to full article)
Outta coffee today – d’ya think that she’ll share a cup with me???
American Soil Is Being Globalized: Nearly 30 Million Acres Of US Farmland Now Owned By Foreigners
All across America, U.S. farmland is being gobbled up by foreign interests. So when we refer to “the heartland of America”, the truth is that vast stretches of that “heartland” is now owned by foreigners, and most Americans have no idea that this is happening. These days, a lot of people are warning about the “globalization” of the world economy, but in reality our own soil is rapidly being “globalized”. When farms are locally owned, the revenue that those farms take in tends to stay in local communities. But with foreign-owned farms there is no guarantee that will happen… (Continue to full article)
Two Key Execs at New York Fed Head for the Exits – Two Business Days After Sharp Cut in GDP Estimate
Simon Potter, who runs the Federal Reserve’s open market operations at the Federal Reserve Bank of New York, is stepping down at the end of this week, as is Richard Dzina, head of the New York Fed’s Financial Services Group. Wall Street is buzzing over the fact that the two are long-tenured executives at the New York Fed; are exiting simultaneously, and with only a four-day notice to the public and the markets – suggesting that their departure may… (Continue to full article)
Butler: People Doubt What I Say About Silver, But This Should End Any Doubt
Ted Butler is well aware of not just his critics, but also of the doubts, but Ted says this should end any doubt. Silver is truly a miraculous metal. Most of all it’s the greatest low cost conductor of electricity. That’s why 100 million ounces are used for solar power each year. It’s an electric world and silver is used in everything electric. If it wasn’t for JPM holding down the price while they hoarded it, I think we’d be close to $100 an ounce right now. Jim Cook interviews Ted Butler… (Continue to full article)
Greyerz: Without Gold The Wealthy Will Be WIPED OUT
The massive explosion of wealth in the world could be a sign of general prosperity but that is certainly very far from the truth. The printed money and credit expansion has only benefited a very small minority. The gap between the rich and the poor is getting ever wider but it will soon shrink dramatically… NONE OF THE WEALTHY OWN GOLD (The fact that gold has outperformed virtually all asset classes, including stocks, in this centuryis ignored by most investors)… (Continue to full article)
Everything Is Under Scrutiny…
38,000 Layoffs Across Auto Industry May Only Be The Beginning: Auto companies globally are contemplating life where global production has greater downside risk than upside. The chopping may not be over for Ford. Bank of America Merrill Lynch analyst John Murphy said: “The industry is right now staring down the barrel of what we think is going to be a significant downturn… (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.
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