Dateline: February 12, 2020

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The State of the American Debt Slaves
Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and HELOCs – jumped by $187 billion in the fourth quarter 2019, compared to a year earlier, or by 4.7%, to a record $4.2 trillion, according to Federal Reserve data.

There is another group of Americans where every month is a mad scramble to make ends meet. Some earn good money but live above their means. Others are scraping by every month on low incomes. Both are up to their ears in debt. They’re one or two paychecks away from defaulting on that debt. That’s where the debt burden is, and that’s where the risks are. But in terms of overall consumer debt, this bifurcation gets averaged out… (Continue to full article)

Gold: A Modern Investment Framework For An Ancient Asset
“I consider $15,000 gold and flat stocks+bonds to be a more realistic scenario than $1,500 gold and the SPX back under 2,000…”… (Continue to full article)

Gold Price Forecast: All-Time Record High Volume – What Does It Mean
With the newsworthy events of the last few weeks including the assassination of Iranian general Soleimani, retaliatory missile attacks against US forces in Iraq, and now the coronavirus, gold has just broken all-time records for volume on the… (Continue to full article)

The average US couple could be facing a new tax of $180,360
Think about it: this is supposed to be the ‘everything is awesome economy’. The stock market is at a record high. Corporate profits are at record highs. Unemployment is at record lows.

If the government can’t make ends meet when the economy is this good, how many trillions will these people burn when the next economic downturn arrives?… (Continue to full article)

Morgan the Pirate

JP-Morgan (the Pirate) Chase Confirmed As Target Of Metals Price Rigging Prosecution
The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.

According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating… (Continue to full article)

When a black swan flies over a house of cards: The Coronavirus & global collapse
The fact is this disease is only in its incipient stages, its transmissibility is horrific, and frankly we haven’t seen anything yet.

So let us dig down into some of the implications. Take a look for a moment at the house of cards—that is the world economy— over which this black swan is flying. It sits upon a foundation of an unimaginable $253 trillion in debt, something the IMF repeatedly has warned is excessive and egregious.. (Continue to full article)

Who Can Now Realistically Say America Has Not Become A Mega-Corporate Dictatorship?
When a nation’s billionaires control not only its mega-corporations but its government, that small group — who do business with one-another — constitute a national dictatorship which is just as bad as in feudal times when a tiny aristocracy (who also did business with one-another) controlled the government and were a collective dictatorship over the entire nation’s population… (Continue to full article)

Is 150 Years of Bank Credit Expansion Nearing Its End?
Since the turn of the millennium there have been two global bank credit crises: the first was the deflation of the dot-com bubble in 2001–2, and the second the 2008–9 financial crisis that wiped out Lehman Brothers. It was clear from these events that the debate over moral hazard was resolved in favour of supporting not just the banks, but big business and stock market valuations as well… (Continue to full article)

$23 silver price is coming and would “transform” the industry says CEO
Should silver prices rally to their fair value to above $20 an ounce, a transformation would take place amongst silver miners, this according to Darren Blasutti, CEO of Americas Gold & Silver.

“I could see [silver prices] headed to $22, $23, and that would be transformational for the silver industry,” Blasutti told Kitco News on the sidelines of the Vancouver Resource Investment Conference. Sentiment in the precious metals sector has improved… (Continue to full article)

$2,000 gold price by election night is possible
Political changes from the U.S. presidential election in November could see gold prices soar, this according to Peter Schiff, CEO of Euro Pacific Capital.

“I think if Trump is not re-elected, if we get like, President Sanders, gold should go above $2,000 this year, and if it’s not above $2,000 by election, it should be $2,000 election night once we get the results… (Continue to full article)

High-Paying Trade Jobs Sit Empty, While High School Grads Line Up For University
….and nearly two years later – not a damned thing has changed!

“All through my life it was, ‘if you don’t go to college you’re going to end up on the streets,’  “Everybody’s so gung-ho about going to college.”

So he tried it for a while. Then he quit and started training as an ironworker, which is what he is doing on a weekday morning in a nondescript high-ceilinged building with a concrete floor in an industrial park near the Seattle-Tacoma International Airport… (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
Call or TEXT: 1 – 602 – 799 – 8214
gold@morganapreciousmetals.com

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