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Dateline: March 11, 2019

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Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now
Is the consumer debt bubble finally starting to burst? Is the consumer debt bubble finally starting to burst? If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening. As I noted the other day, Americans currently have 480 million credit cards, and they are carrying 870 billion dollars worth of balances on those cards… (Continue to full article)

Gold Still on a Long Term Track to Reach $2,000 An Ounce
Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce “A $22 trillion national debt and the lack of any will to rein in massive spending is making America’s creditors nervous and…the ‘risk free’ status of U.S… (Continue to full article)

We’re Living In ‘The Groundhog Show
It’s said that truth mirrors fiction. I’m finding this to be the case more and more these days. Take the 1993 comedy Groundhog Day. Bill Murray wakes up each day to relieve the exact same daily circumstances and interpersonal interactions. He relives the same day, February 2, over and over again. No matter what he does, the repetitive cycle won’t break. He goes to sleep, wakes up to his alarm, and it’s the morning of Feb 2 again. Likewise… (Continue to full article)

Yeah Baby, Over an hour of some Mellow Blues…

The Best Time In History To Buy GOLD
Why it’s time to get into gold– We’re on the cusp of “huge changes in the world”– “Massive impact on the price of the most enduring investment in history: GOLD”– “A gold shock is coming” and “$10k gold is not out of the question”… (Continue to full article)

U.S. Job Cut Announcements Rise 117 Percent To The Highest Level That We Have Seen In More Than 3 Years
We have not seen anything like this since the last recession. Layoff announcements are coming fast and furious now, and the speed at which workers are being laid off is shocking a lot of people. In this day and age, big companies have absolutely no loyalty to their workers. The moment it becomes financially advantageous for them to start laying off employees, most of them will do it in a heartbeat… (Continue to full article)

Our new program, 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
Email:
gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: March 11, 2019

Dateline: May 7, 2019

DEheadlines_orig

Family Dollar will close nearly 400 stores
Family Dollar will close 390 stores this year — one of many big changes the discount retailer hopes will help reverse its fortunes.

The chain courts low-income shoppers with an array of items sold for under $10 at its more than 8,000 stores. It is owned by the Dollar Tree, which operates an eponymous chain of 7,000 other stores in suburban areas. Dollar Tree stores cater to customers who make more than Family Dollar customers do, but all of their products sell for only $1… (Continue to full article)

Why Silver is the precious metal to buy right now (rather than gold)
Fear drives up precious metal prices. Fear of war, defaults, inflation, civil unrest and anything that undermines trust in government. A week after the Lehman Brothers bankruptcy in 2008, gold and silver jumped by 15%. Three years later, during the height of the European government debt crisis, when the obligations of Italy, Ireland, and Greece resembled junk bonds, silver more than quadrupled in value, while gold increased 250%… (Continue to full article)

Florida Man Redeems Rare Stolen Coins Worth $33,000 In Supermarket ‘Coin Star’ Machine
“Florida Man” has really outdone himself this time. After stealing a rare coin collection from an elderly and disabled retiree, Shane Anthony Mele dumped what their owner said was at least $33,000 worth of collectible coins down a Coin Star star machine at a Florida supermarket and collected their face value, receiving about $30 – enough for a couple of 12 packs… (Continue to full article)

Yeah Baby, Cooking for miles – with Miles Davis…

Forget $8 Billion: Company Will Build 234 Miles Of Trump’s Border Wall For $1.4B
A North Dakota company is offering to build 234 miles of President Trump’s border wall for a fraction of the $8 billion President Trump wants for the same stretch. Telling the Washington Examiner that President Trump is overpaying, Fisher Sand and Gravel Company CEO Tommy Fisher says his company can do the job for just $1.4 billion, or $4.31 billion if the US government wants to incorporate paved roads and border technology – plus a warranty! (Continue to full article)

Investors Look To Protect Themselves As The Disease Ravaging The US Economy Spreads
2019 sure has been a weird year so far. On Wall Street, everything has been coming up roses for investors up to this point. Stock prices have risen more than 10 percent year-to-date, and the horrible crashes of late last year are quickly fading from memory. Meanwhile, the real economy is literally falling to pieces right in front of our eyes… (Continue to full article)

Gold Still on a Long Term Track to Reach $2,000 An Ounce
Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce “A $22 trillion national debt and the lack of any will to rein in massive spending is making America’s creditors nervous and… (Continue to full article)

Silver: Declining Mine Supplies, Declining Ore Grades, Depleting Supplies
We have been on record for the since mid / lat 2017 stating the silver was going to begin rising in the second half of 2019 and 2020 would be a great year. We have also stated that beyond 2020 silver would begin ascending the charts while the supplies …… (Continue to full article)

Our new program, 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
Email:
gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: May 7, 2019

Dateline: March 5, 2019

DEheadlines_orig

Store closure bloodbath as retailers shutter 465 stores in 48 hours
Gap, Victoria’s Secret, Foot Locker and JCPenney all announce closings. Gap, which is separating from Old Navy, will close 230 stores, while JCPenney announced it would it would shutter 18 locations with more expected.The same sob story was heard from Victoria’s Secret management when they said they will close 53 stores in the coming year… (Continue to full article)

Retailers Falling to Predatory PE Bankrupticies
Retailers are filing for bankruptcy at a staggering rate — and these 17 companies could be the next to default… (Continue to full article)

Fund Manager: Gold Is Historically Cheap When Compared To The Stock Market
Gold is very cheap when compared to the stock market, and that’s just one of things Dave Kranzler says is bullish for gold. Here’s what else is bullish… (Continue to full article)

Austin-Fitts: The World Is Choking On Debt – Buy Gold
Catherine says, “for many years, I said I don’t think gold is going to have a good investment run. I am changing that this year”… (Continue to full article)

We Can Realistically See Stocks Fall 98% In Value Against Gold
Egon he has an important lesson and update on the relationship between the stock market and gold. Smart investors will not want to miss this post… (Continue to full article)

The Fed Is Moving to Take Even More Control of Debt Markets and Interest Rates
The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do “whatever it takes” to keep interest rates from rising above its very-low targets… (Continue to full article)

The Coming Restoration of Silver
The way I see it, silver has basically two major categories of use. The first and most important use is as a monetary asset. It is only when used as a monetary asset that it could… (Continue to full article)

Our new program, 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 853401
602-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: March 5, 2019

Dateline: March 4, 2019

DEheadlines_orig

18 Really Big Numbers That Show That The U.S. Economy Is Starting To Fall Apart Very Rapidly
Virtually every piece of hard economic data is telling us that the U.S. economy is slowing down dramatically. Many of the pundits have been warning that we could officially enter recession territory later this year or next year, but these numbers seem to indicate that it could happen a whole lot sooner than that… (Continue to full article)

Personal Income Declines, Spending Falls Most Since 2009
This looks like the end of The Fed’s Quantitative Tightening… (Continue to full article)

No Reform: ‘Shadow Banks’ Piling on Risk, FHA on Hook
Lovingly known as “shadow banks,” nonbanks have come to dominate the mortgage market. And they originate the riskiest mortgages. The government — mostly the Federal Housing Administration (FHA) — is on the hook… (Continue to full article)

Gold Still on a Long Term Track to Reach $2,000 An Ounce
Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce“A $22 trillion national debt and the lack of any will to rein in massive spending is making America’s creditors nervous and…the ‘risk free’ status of U.S. Treasuries will come into question”… (Continue to full article)

Mysterious Surge In $100 US Bills In Circulation
The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in circulation… (Continue to full article)

The Looming U.S. Government & Private “Debt Trap” Threat
The signals from financial markets today indicate that we could be on the verge of a new credit crisis. The looming debt trap threat has ensnared millions of Americans, and they firmly believe that their government (which is $22 trillion in debt) will somehow protect them and save them from themselves… (Continue to full article)

Everybody Needs Some Exposure To Gold
Markets move in cycles, the status quo changes, and assets become misunderstood. Here are even more reasons why everybody needs gold exposure…… (Continue to full article)

Average New Car Payment Hits Record High Of $545 Per Month
Americans are now paying a fresh record-high payments for both new and used cars while getting bigger loans to make it happen… (Continue to full article)

Our brand new program, 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
Email:
gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: March 4, 2019

Dateline: February 26, 2019

DEheadlines_orig

UPDATED and Our apologies for the inconvenience. ~ Ed.

Now For The Intense Phase Of The Silver Bull Market
Like all bull markets, the silver bull market has different phases, and theses phases have different intensities of price growth. There are various indications/signs that silver is going into a phase of the bull market where prices will rise much faster than before… (Continue to full article)

How to detect a Fake Tungsten Gold Bar
When one goes to buy gold they want real gold, not some cheap substitute like a fake tungsten gold bar. There has been a lot of rumor, neither credible nor verifiable sources, about bars containing both gold, the Ancient Metal of Kings and tungsten, the ‘heavy stone’… (Continue to full article)

The death of cash has been greatly exaggerated — just look to the $100 bill
In 2017, the $100 bill took the crown as the most popular U.S. bill, doubling since 2007, which has helped drive the sharp rise in currency and other liquid assets as a share of GDP. Oh Yeah – Sure – it now takes $100 to purchase what it only took $10 to buy when I was a kid… (Continue to full article)

Ocasio-Cortez’s “Green New Deal” Would Cost $93 Trillion, Former CBO Director Says
It’s further expansion of the federal government’s role in some of the most basic decisions of daily life…would likely have a more lasting and damaging impact than its enormous price tag.“… (Continue to full article)

Sleepwalking
Stocks attempted to rally in the new week, and the last of the month of February. But alas, the early morning pop faded substantially into the afternoon. But they did finish slightly positive to flat. Gold and silver finished off a bit… (Continue to full article)

Why We Now Measure Gold in Dollars — and Not the Other Way Around
Prior to 1933, the name “dollar” was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67 ~ and then they screwed the whole thing up … (Continue to full article)

US Mint 2019 Silver Eagles Currently Sold-Out
United States Mint announced late Thursday, Feb. 21 that due to market conditions they were unable to meet demand from Authorized Purchasers. This will create a spike in premiums on American Silver Eagles (ASE) for a short period. We see this shortage… (Continue to full article)

Life, Liberty & All That Jazz is heard at 1:00 p.m. (Eastern Time) each Tuesday, Thursday and Friday on The Micro Effect. Topics covered will include Cancer and other Health related issues (Wednesday at 11:00 a.m. Eastern Time for two hours), the debacle in our public education system, Economics and how they affect us all and other issues.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: February 26, 2019

Why Marx Loved Central Banks

In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money. Continue reading

Posted in The Mine or the Shaft | Comments Off on Why Marx Loved Central Banks

Money Imperialism

Introduction to the German Edition

In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I is that the United States has taken the lead in shaping the international financial system to promote gains for its own bankers, farm exporters, its oil and gas sector, and buyers of foreign resources – and most of all, to collect on debts owed to it. Continue reading

Posted in Out of the Past, The Mine or the Shaft | Leave a comment

Smith: End of the Line

The economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about four and a half years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line. ~ Justin O Smith

The U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.

The national debt, ever on the rise, currently sits at around $22 trillion. Continue reading

Posted in Viewpoint | Comments Off on Smith: End of the Line