One of the greats in the business says, "Gold correction finished!" Plus biggest experiment in monetary history and lowest in 25 years!
The post “Gold Correction Finished!” Plus Biggest Experiment In Monetary History And Lowest In 25 Years! appeared first on King World News.
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In today’s culture, “burnout” has become a silent epidemic — one that long predated Covid 19 but has certainly been made worse by it.
Burnout often results when the demands of our work and/or our lives become mismatched to our capacities as human beings.
As many of us are working harder for longer in an uncertain economy while simultaneously juggling the responsibilities we have in our personal lives, it’s not hard to see that it’s increasingly easy for that mismatch to occur.
In this podcast, we learn effective strategies for coping with burnout — including ways to avoid it altogether — from Dr. Jacinta Jiménez, a Stanford trained, award winning, licensed psychologist and author of the newly-published book, The Burnout Fix.
The post Surviving Burnout appeared first on Peak Prosperity.
Gold is headed to new all-time highs.
The post They Are Printing Trillions, This Will Destroy The US And The Dollar But It Will Be Good For Gold appeared first on King World News.
US Reports Most New COVID Cases In A Month With Blue States In The Lead
At this point, the spread of SARS-CoV-2 and the various mutant strains has been accelerating for five weeks as restrictions on businesses and movement have been relaxed. Over in the US, which ceded its position as the worst outbreak in the world to Brazil back in February, when the 7-day average for Brazil’s daily tally per million population topped the US’s for the first time.
Climate Change: How much did it cost US economy in 2020?
The year 2020 saw a record number of costly hurricanes, wildfires, and storms, resulting in billions of dollars in damages.
Since records began in 1980, billion-dollar climate disasters have become much more frequent, and in total have cost the US economy $1.875tn over those four decades, according to the National Oceanic and Atmospheric Administration.
‘Fiasco Waiting To Happen’: Millions At Risk Of Losing Power Over Unpaid Bills
Millions of people are at risk of losing electricity in the coming weeks because of unpaid power bills, even as Congress has authorized billions of dollars in supplemental relief.
Overdue power bills have mushroomed during the pandemic as job losses mounted and residential power consumption soared.
IRS delays IRA, health savings account contribution deadlines until May 17
Americans have until May 17 to contribute to their individual retirement accounts and health savings accounts — the same day that federal income taxes are due, the Internal Revenue Service said Monday.
The policy change gives individuals an extra month to make contributions to their individual retirement accounts for 2020, including IRA and Roth IRAs, health savings accounts, Archer Medical Savings Accounts and Coverdell education savings accounts. The deadline was originally April 15.
So, the New Normals are discussing the Unvaccinated Question. What is to be done with us? No, not those who haven’t been “vaccinated” yet. Us. The “Covidiots.” The “Covid deniers.” The “science deniers.” The “reality deniers.” Those who refuse to get “vaccinated,” ever.
There is no place for us in New Normal society. The New Normals know this and so do we. To them, we are a suspicious, alien tribe of people. We do not share their ideological beliefs. We do not perform their loyalty rituals, or we do so only grudgingly, because they force us to do so. We traffic in arcane “conspiracy theories,” like “pre-March-2020 science,” “natural herd immunity,” “population-adjusted death rates,” “Sweden,” “Florida,” and other heresies.
Biden Wants to Pay for Infrastructure Plan With 15 Years of Corporate Taxes
President Biden intends to pay for the $2 trillion package of infrastructure spending he will propose on Wednesday with a substantial increase in corporate taxes, people briefed on the plan said Tuesday.
The scale of the infrastructure program — one of the most ambitious attempts in generations to shore up the nation’s aging roads, bridges, rail lines and utilities — is so big that it will require 15 years of higher taxes on corporations to pay for eight years of spending, they said.
Click to read the PM Weekly Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 3/30 – ‘Fiasco Waiting To Happen’: Millions At Risk Of Losing Power Over Unpaid Bills, The “Unvaccinated” Question appeared first on Peak Prosperity.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
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from Kerry Lutz's Financial Survival Network
Kerry Killinger was CEO of Washington Mutual Bank during the financial crisis. He helped build it up from a small regional player into a high-growth national entity. He’d spoken with JP Morgan-Chase’s CEO Jamie Dimon about the possibility of merging the two. Then came the 2008 financial crisis and Jamie had other ideas, he wanted the bank for nothing. WAMU had been preparing for a major real estate price collapse and had cut back its real estate lending to prepare for the bad days. But that wasn’t enough. They were caught short on capital and then Dimon pounced. In a flash Killinger was forced out and then WAMU was swallowed up by Dimon for next to nothing. The resulting behemoth has been extremely profitable ever since. In their book, Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today, (Kerry and wife Linda) detail what took place behind the scenes and how it all went down, much to their amazement. It’s a must read to understand what we’re up against.
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from Kerry Lutz's Financial Survival Network
Acccording to Jerry Robinson we’ve gone off the cliff and now we’re airbone waiting for impact. Jerry forecast that the Fed would continue its policy of the so-called Greenspan Put. When in doubt print money! If still in doubt, print more money. Incredible amounts of liquidity are sloshing around the market leading to higher asset prices and bigger bubbles. Government can’t stop Bitcoin, but it looks like they’ve somewhat succeeded with gold and silver. Gold is not dead, there’s just other speculative assets available. Jerry is still a believer in gold. It’s holding up and it’s still consolidating and is in a long term uptrend. It’s got to retake the 250 moving day moving average. Silver has been hovering in its current range for a long time now. Their time is coming.
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Here is a major health alert that you can add years to your life by protecting your brain!
The post HEALTH ALERT: Add Years To Your Life By Protecting Your Brain! appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Peter Schiff joins the program… Covid was an excuse to increase the size of government. We’re not raising taxes but even if they do raise taxes they will pale in comparison to how much is being spent. We’ll all have a lot less because the government is taking so much more. The stimulus was a grab bag. There was no real way to control the fraud. Wealthy people were getting the PPP. The fraudsters lined up around the block to take the government’s money. We don’t learn from history. The 1920 bust was higher than 1929, but Coolidge cut government spending dramatically which made it a sharp but brief recession. In 1929 we went with Keynes and the recession carried on for over a decade. There’s hedge funds blowing up and there always will be. The problem is the lenders. The funds can’t pay back its loans. The lenders are on the hook. Banks were so desperate for income that they would loan to anyone. Too big to fail and increase the moral hazard. Peter has positioned himself and others by recognizing that the biggest casualty is going to be the dollar. Paper wealth is going to dissipate. The post-dollar era is coming and you need to play that trend. Resources and business that have those resources will help protect your wealth from future disasters.
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from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
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Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
John Rubino is back… Hedge Funds blowing up. Archegos Fund gone. This is what happens at the top of a cycle or bubble. More stimmies on the way, thanks President Biden. Right on the heels of the last stimulus plan. It will insulate the system from further blow-ups. Big risks are interest rates and currencies. Even a three percent yield on the treasuries won’t matter and further distort. Gold and silver retreating, what does it mean? $240 million this month in NFT’s. Bezos fighting unionization with every dirty trick in the book. Bernie Sanders is out there fighting the fight for higher wages and better work conditions. Rush to upgrade condos in NYC due to the huge price decline. The Hamptons has turned into a year round place to live. Trial of Minneapolis George Floyd Cop beginning.
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Two veterans weighed in on the reality of why the gold market is bottoming right now.
The post GOLD BOTTOM: It’s “All About Scaring Everyone”…”This Is How Bottoms Are Hammered Out.” appeared first on King World News.
This is signaling a big turnaround in the gold market, plus another surprise.
The post This Is Signaling A Big Turnaround In The Gold Market, Plus Another Surprise appeared first on King World News.
Texas Freeze Creates Global Plastics Shortage
First, it was a demand slump across pretty much every manufacturing industry because of the pandemic. Then a surge in demand for electronics caused a shortage of microchips, which hit the automotive industry particularly hard. Now, the Texas Freeze has caused a global shortage of plastics. The Wall Street Journal reported this week that the cold spell that shut down oil fields and refineries in Texas is still affecting operations, with several petrochemical plants on the Gulf Coast remaining closed a month after the end of the crisis. This creates a shortage of essential raw materials for a range of industries, from carmaking to medical consumables and even house building.
The massive cargo ship blocking the Suez Canal has finally been freed and the supply chain backup shouldn’t take long to resolve itself, former Shell Oil president John Hofmeister told “Cavuto: Coast to Coast” Monday.
“I think there are pretty good communications with the authorities and I think it will untangle itself in, let’s say, the next week or so,” Hofmeister said. “I don’t think it’s going to take much longer than that … Unless another mishap occurs. That’s where it could get all bottled up again. But let’s hope that they’ve got it under control.”
Biden To Float $3 Trillion Plan Wednesday As Moderate Dems Push Back On Tax Hikes To Pay For It
President Biden is about to introduce two separate components of what is expected to be a $3 trillion infrastructure plan, White House Press Secretary Jen Psaki told Fox News on Sunday.
The first part of the “Build Back Better” plan – which Biden will float on Wednesday – is expected to focus on rebuilding ‘roads and railways,’ while the second part which will be released “in just a couple of weeks” will focus on “social infrastructure” funding, including childcare and healthcare.
As U.S. Corporations Face Reckoning Over Prescription Opioids, CEOs Keep Cashing In
Imagine you’re part of a project that goes horribly wrong at work, causing a scandal, costing your company a ton of money, maybe even putting people at risk. Now imagine after that kind of performance your company rewards you with a raise and a bonus.
Critics say that’s happening right now with CEOs at big drug and health care companies tangled up in the opioid crisis.
Tech Bubbles: What You Need To Know
March 10, 2000 marked the peak of the dot-com bubble. Almost to the day 21 years later, a new tech bubble is in the process of bursting. The peak of the current NASDAQ-bubble occurred on February 9, while the 2020 Corona-trough had its one-year anniversary on March 23rd. If we want to know whether we are in a bubble yet again, we need to examine its characteristics.
Zero Lessons Learned: Stock Buybacks Soar To All Time High
One would have hoped that if the global financial community had learned one lesson from the covid crisis, it would be that companies would be far less reckless when repurchasing billions in shares – all with the express purpose of making shareholders and management richer – while levering up and exposing themselves to catastrophic risk, usually culminating in taxpayer bailout requests as the following headline from just over a year ago summarized so well.
Biden Envisions Thousands of Wind Turbines Spinning at Sea
The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.
Top administration officials unveiled the new goal in a Monday meeting with state officials, executives and labor leaders, as part of President Joe Biden’s push to counter climate change, promote renewable energy and strip the electric grid of greenhouse gas emissions by 2035. As part of the push, federal regulators took steps to advance the sale of offshore wind farm rights in Atlantic waters south of New York’s Long Island.
Click to read the PM Weekly Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 3/29 – Texas Freeze Creates Global Plastics Shortage, Biden To Float $3 Trillion Plan Wednesday appeared first on Peak Prosperity.
What is happening right now is quite stunning...
The post MASSIVE REAL WORLD INFLATION: We Are Seeing “Supply Disruption And Skyrocketing Prices.” “I Have Not Seen This Dynamic In 30+ Years” appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
I’ve been asked countless times how much food I recommend a family “put back” — i.e., have on hand for emergencies.
I hesitate to give my honest answer of “a year” because it sounds so overwhelming and discouraging to people who are just getting started and may have a limited budget. So instead, I encourage them to begin by amassing a few weeks’ worth of staples and to add to them as consistently as possible over time.
The most important thing is to just get started.
NOTE: If you have a week’s worth of food in your home, you’re already better prepared than most Americans. True, the pandemic encouraged more people to change their shopping habits, but the vast majority still have less than a week’s worth of stored food on hand.
Many people start out by purchasing bulk bland foods they rarely eat when they have a choice.
While there’s something to be said for putting back some inexpensive foods with a long shelf life, the majority of your food supply should be things that you can use to make dishes that you and your family like to eat.
Sure, if you’re hungry enough in a crisis you’ll eat whatever you can get and be glad for it. But the fact is that most emergencies are shorter-term supply disruptions similar to what happened during COVID or the Texas Deep Freeze.
So my advice is while putting back some real “the end of the world as we know it” foods is a good idea, don’t make it all of your food supply. A mix of more palatable foods with various shelf lives will work out better for most families.
Some of the most common, affordable and easily-stored bulk staples for a deep pantry are:
The basic foods listed above aren’t the most flavorful, which is why it’s important to have a good supply of spices on hand. And salt is necessary for your survival, so store a sizable supply of that, too.
If you don’t regularly cook from scratch, you may be surprised to find out how much salt you need to add to basic foods to make them taste acceptable.
In my opinion, a good spice selection includes the following minimum:
If possible, buy spices in bulk. 1 lb containers are usually much cheaper per ounce than buying small shakers at the grocery store. You can vacuum seal bulk spices, so they stay fresh over time until you get around to using them.
I’ve found that a lot of spice blends have salt listed as the first ingredient. You’re often better off buying salt-free seasoning blends and adding salt as needed from a financial standpoint. This also prevents over-salting foods.
Gravy packets are mostly corn starch. I can buy organic corn starch for under $6 per lb and use spices to make many different sauces and gravies. Don’t bother buying canned gravy or small dry mix packets. If you like brown gravy, a little cornstarch and cold water mixed with some soy sauce and black pepper make an excellent gravy for Salisbury steak or as a base for beef stew.
Note: Even though the shelf life of most nut-based kinds of butter is only 1-2 years, I still advise having some on hand for your short-term food consumption. Be aware the natural-based nut butter seem to last even less time.
Peanut butter has a lot of valuable protein in it, and it doesn’t cost a lot. Buy brands that have hydrogenated oils in them for longer shelf life.
Vice Foods and Luxuries
You should put back some foods that are your go-to comfort items. During hard times or emergencies, it can help to have these things. Kids can be cheered up during a crisis with foods that they consider a treat. Here are a few items to consider.
Sure, alcohol may not be “necessary” for survival, but for some people it helps to have a glass of wine or other beverage with a meal or when trying to relax a little during a stressful time. If you’re a regular drinker, then you should consider that when stockpiling food and beverages.
Liquor offers the most “bang for your buck” if space is limited. Wine drinkers should not be afraid to stock up on boxed wine. It has come a long way over the years. There are some lovely wine options in boxes available as well as cans.
You may also want to consider putting back some supplies to make your own beer or wine.
Canning, curing, and dehydrating food can save you a lot of money. Canning jars and lids can be in short supply during difficult economic times, so it pays to stock up when you can on supplies. A food dehydrator is good to have as well. There are a lot of foods that you can dehydrate if you don’t have canning supplies or just want to save on space.
Here are some suggested areas of your home that may yield some extra space to store food.
If you live in an apartment or other small space and want to put back a year’s worth of food for an individual or couple, then the best option is freeze-dried and dehydrated foods. Unfortunately, these are the most expensive emergency foods to put back. The good news is that they have a 25-year shelf life, so you can rest easy knowing that you are not wasting money on food that will go bad in less than five years.
Plan for 2,500 calories per day for adults and 2,000 for children.
While caloric needs can vary based on activity level and age, it’s better to plan for more calories rather than too few. Also, consider that kids grow fast, so if you put back food based on their caloric needs at four years old, their needs will be far greater in a few years when you might have to use your food.
This is not at all healthy and as food storage goes, it can be a treat to your success. If you consume more than the calories you have planned for, your food will not last as long as you think. You either need to ration the food in your home during emergencies or plan for the level of calories that you are comfortable with.
People always have a lot of questions about shelf life when they are beginning to stockpile food. The best buy date on a package is not always an accurate indicator of what you can expect from food.
For example, salt has an expiration date despite being a preservative. That 120 million-year-old salt is not going to go bad in 2 years. Salt never goes bad.
The way food is stored also has an impact on shelf life. Mild temperatures and protection from sunlight will help you get the maximum shelf life.
Canned meat’s shelf life varies a lot based on the type of meat. Canned meats with less sodium do not have as long a shelf life as higher sodium varieties. For food storage purposes, buy the regular canned version. You can use salty foods to help add flavor to vegetables and other low sodium foods. A lot of staple foods contain no salt at all. If times are tough, you will want something to flavor all those pots of rice and beans.
You can do a lot with powdered whole milk. Throughout the COVID-19 pandemic, I often made yogurt and even frozen yogurt using powdered milk. I then turned the yogurt into yogurt cheese. This was a big help after we stopped going to grocery stores entirely. Hoosier Hill Farm sells powdered whole milk in affordable 6 lb bags. If you sign up for their rewards program, you can get 10% back on every order to put towards a future order. The savings can add up. I make sure to keep 30 lbs of whole powdered milk on hand at all times.
I have taste tested plenty of MREs. My findings have been that they are expensive, salty, and create a lot of waste. They are not practical for the average person to use as a food supply beyond a week. Many people think that a single MRE contains enough calories for one adult for an entire day. That is not true. Even the best MREs only contain 1200-1400 calories meaning that you need at least 2 per day at the cost of around $9. That is $18 per day per adult. Plenty of MREs are being sold containing as few as 500 calories and cost nearly $8 each.
If someone in your home has food allergies or sensitivities, it can be challenging to put back an emergency food supply. Here are some suggestions for those that have to be careful.
This company has an excellent selection of foods with a 25 years shelf life that can be mixed and matched to suit a restricted diet. Those who are just looking for vegetarian options or gluten-free will find Legacy is among the best if you want some buckets containing various foods with little planning. All of their foods just require boiling water and simmering. The most negative factor is the cost. As stated before, anything freeze-dried or dehydrated will cost more than foods you can pick up at the grocery store and repackage.
Those who are very sensitive to peanut, wheat, or soy know to look for food labeling, indicating that it is processed on dedicated equipment. For example, Tinkyada Pastas are made from rice and processed in a facility that only processed rice products. Tinkyada pastas are an excellent choice for those with Celiac or other wheat sensitivities.
While it is possible to plan out a well-balanced diet for emergencies, you should put back multivitamins to fill any nutritional gaps. A multivitamin is essential for women that are still in their reproductive years. During long-term emergencies and collapses, nutritional deficiencies often become common, and it happens faster than you would think. You don’t have to put back the fanciest one a day you can find either. Anything is better than nothing.
This section will detail a bundle of emergency food that is easy to find, budget-friendly, and suitable for people who want to start with around a week’s worth of emergency food that they can just heat and eat boil. Some of these options may contain more salt than you are used to. Remember that you can always add a few other items to dilute down the sodium content per serving.
I have tasted tested these kits and found them to be a great deal for the money. Are they what I would normally want to eat all the time? No. But they are far better than some of the Red Cross Meals I had to eat when the town I lived in as a child flooded. The 72 hr kit contains a total of 8,000 calories and cost $26 last time I checked. That is enough for an adult to eat 2,000 calories for 4 days. Under $7 per day is not bad for emergency food!
For around $16, you can purchase twelve 5 oz cans of chicken for a protein boost. Let’s do the math and see how many day’s worth of food you get if you purchase two food buckets and some chicken.
2 Augason Farms 1 person 72 hr kits= $52 for 16.000 calories
12 cans of Hormel White and Dark Meat Chicken=$16 for 1,680 calories
Calorie Total=17,680
8 days of food at 2,210 calories per day for a total cost of $68 or $8.50 per day.
Not bad for food that you just have to boil for 20 minutes!
Auguson has larger food buckets available for families and longer timelines. Just remember to look at the bucket’s total calorie count and not how many days it is supposed to last.
Over the years, I have consistently been asked to give exact shelf life numbers for many different foods. As discussed previously, this depends on packaging and storage conditions.
It would be best if you stocked a variety of foods with varying shelf lives. Most emergencies and events last mere weeks. Even an extended event of 2-5 years means you can put back a lot of foods found at the grocery store without even worrying about repackaging.
Dry goods like rice, beans, and flour will last a long time if adequately sealed in mylar. These types of foods you don’t have to worry about rotating out unless something comes unsealed. It is still a good idea to date your foods, so if you start to use your long-term food supplies, you can use the oldest first.
Canned goods and shelf-stable foods with a shelf life of fewer than five years need to be rotated. Canned food racks that dispense cans will help with this. There are many plans online to make your own if you want to save some money or make a rack customized to your pantry or storage space.
Writing the best buy date on items using a Sharpie permanent marker can make it a bit easier to see what needs to be used first. Organizing food into totes that have similar best buy dates and labeling the tote can also work. The system you choose needs to be easy for you to use. There is no reason to get into a situation where you have a lot of food to dispose of because it has gone bad.
Be sensible about best buy dates. A few months expired is not anything to worry about as long as the food smells ok.
There is no easy way to keep track of the calories you put back unless you are just buying buckets of food that have the calories listed or put together with meal plans designed to deliver so many calories per day. For example, you can buy a year’s worth of food from an emergency food supplier like Legacy or Augason Farms and know exactly how many calories you have on hand.
If you are putting together your own emergency food supply, you will need to use a notebook or spreadsheet to track what you have. Of course, you will need to subtract items from your inventory as you use them for this record to be accurate. A spreadsheet is easier for most people than a notebook. As you put food into storage, make a note of how many lbs and the calorie count. Even just keeping track of the lbs of staple foods will allow you to go back and do a calorie tally later on.
Many foods that are made for emergency preparation require some water and a method to boil them. Make sure to plan on backup cooking methods when you start putting back food. This will ensure that food preparation is not a problem in case of an extended power outage or if you run out of your standard cooking fuel.
Camp Chef makes some great small propane-powered ovens and stoves for camping and emergency use. Years ago, I was sent a Camp Chef Outdoor Oven in exchange for an honest review. Not only did we use it several times to cook meals, but Matt’s parents used it to do all of their cooking for more than six months while contractors remodeled their house, and they had no formal kitchen. It worked great. The oven uses 1 lb propane cylinders, or you can get an adapter that allows it to use a 20 lb propane cylinder like you use for BBQs. You can cook a 13″x9″ pan of food and use two stove eyes. The whole oven weighs under 30 lbs.
Sterno stoves are another option. Esbit makes some excellent collapsible backpacking stoves that use fuel tablets. Of course, you need to be careful using any flames inside.
A sudden change to your diet during a short to long emergency can lead to constipation, heartburn, or indigestion. Purchase a few of the following items, so you have something to provide relief. Most issues go away as your body adjusts to a new diet.
Build up your food storage over time as you can afford it. Look for foods with a wide range of shelf life and set up a good rotation system based on your family’s needs.
If storage space is a major issue, dried foods are a better option. You can save some money by purchasing a dehydrator and drying foods that are in season. Packing dried foods and vacuum sealing them will provide your family with affordable and easy-to-store food for emergencies.
A well-stocked pantry and emergency food supply can help you and your family get through some hard times. I believe that shortages and inflation are going to be an ongoing problem. Stocking up now will provide some security and peace of mind.
The post Creating An Emergency Food Pantry For Your Family appeared first on Peak Prosperity.
from Kerry Lutz's Financial Survival Network
John Feneck sees one more turn lower for gold and silver. It hasn’t caught on yet with younger folks are going for cryptos, instead they’re going for cryptos. John is concerned about crypto viability due to their lack of market regulation. Several years we saw Ethereum go from over $100 to $1 in the course of a day. John trades Bitcoin via shares such as Overstock and Paypal. John is short the Russell, he thinks it’s had its move even if the economy is due for a bump up. It’s always value versus growth and value is coming back in vogue, after a very long hiatus. Newmont Mining is paying 4%.Its dividends and margins have grown substantially. Newmont is now making $700 per ounce on gold, a major cash cow. Big money will start to float into the sector, but it is taking its time.
John believes another silver short squeeze is probably inevitable. Right now the dollar is going higher, treasuries dropping and other issues that probably won’t allow it, but eventually those factors will shift and then we’ll see a major do over. All in all a stock pickers market.
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Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that few are prepared for the disorder and collapse of currencies.
The post Greyerz – Few Are Prepared For Disorder And Collapse Of Currencies About To Unfold appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Doré Copper’s (TSXV: DCMC – OTCQB: DRCMF) CEO Ernest Mast believes that when it comes to mining, past is often prologue. (sponsor) He’s acquired and continues to acquire a portfolio of successful past producing projects that hold great promise for the future. The choice simple, its much easier and less risky to acquire and restart past producing mines . Often, they were shut down due to economic or technical reasons, rather than depletion of reserves. Restarting production is a far simpler matter, requiring minimal approvals and reduced investment. In addition, Mast is continues to consolidate nearby under or unexplored properties to further expand the resource. Ernie expects to release an updated 43-101 and PEA later this year.
Doré’s a 2700 tpd Copper Rand Processing Plant along with its growing list of mines is part of a “hub and spoke” strategy to maximize the mill’s economies of scale. High quality area infrastructure helps facilitate this process. Add to that a quality local mine-oriented work force and you’ve got the makings of an efficient gold/copper producer with world-class potential.
It’s no wonder that Doré has found widespread support and investment from a variety of interested parties, from the Cree Nation, to the municipality of Chbougamau and numerous other companies in the area.
With $4 copper and $1700+ gold, Doré is ideally situated to ride out the next commodities super-cycle turning in big profits for shareholders who have patience and vision, of which we’d like to include ourselves.
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Investors need to prepare because we are in the quiet before the storm.
The post Quiet Before The Storm appeared first on King World News.
This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header “Good News Friday.” We will save and post weekly. Enjoy!
IRS says face masks, hand sanitizer are tax-deductible medical expenses
The IRS said Friday that face masks, hand sanitizer and disinfectant wipes bought to curb the spread of COVID-19 are tax-deductible medical expenses.
“The purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses,” the agency said in a statement.
These amounts are also eligible to be paid or reimbursed under health flexible spending arrangements, health savings accounts, Archer medical savings accounts or health reimbursement rearrangements, the agency said.
The American Bald Eagle Population Has Quadrupled Since 2009
The number of American bald eagles has more than quadrupled since 2009, with an estimated 316,700 soaring over the lower 48 states, government scientists said in the report.
“This is truly a historic conservation success story,” US Secretary of the Interior Deb Haaland said in a news briefing.
Hemp is Already Being Used in Walls and Insulation as a Game-Changer in Construction Industry
It has become almost a cliché to discuss the benefits of hemp, the supposed wonder plant with almost endless uses—from woven fibers to edible seeds to bioplastics.
“Of course, hemp is that magic crop that does everything,” says Nicholas Carter, an environmental researcher who, along with Tushar Mehta, a Toronto-based doctor, runs the website Plant Based Data.
LA Officially Becomes ‘No-Kill’ City As Animal Shelters Achieve 90% Save Rate
Los Angeles has officially achieved “no-kill” status for the first time after achieving a save rate of 90.49%.
The milestone achievement was announced on March 10 by Best Friends Animal Society, a nonprofit that does nationwide outreach with shelters, rescue groups and members to promote pet adoption, no-kill animal rescue, and spay-and-neuter practices.
What do ten dollars, a garden, Harrison Ford, and Elon Musk’s brother have in common? They’re all being used to combat food insecurity, malnutrition, and to build the world’s single biggest gardener community.
Launched on the equinox, the Million Gardens Movement (MGM) is a charitable and educational initiative that hopes to put a garden in every household—whether that’s on a fire escape, in a window box, or as part of a community garden initiative—and fresh fruit and veg on every plate.
50 Years Ago NASA Sent a Map Into Space to Help Aliens Find Earth—Now They’ve Got An Awesome Update
Half a century ago, NASA scientists shot a map into space that contains the position of Earth for aliens to find—but it won’t always be accurate.
However, the daughter of the man who made that map is ensuring the next one will remain accurate not just for a few million years, but for a billion years.
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 3/26 – Good News Friday: IRS says face masks, hand sanitizer are tax-deductible medical expenses, The American Bald Eagle Population Has Quadrupled Since 2009 appeared first on Peak Prosperity.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that there is enormous strain on London Gold Pool II as Swiss refiners say gold and silver demand from India and China is strong.
The post Greyerz – There Is Enormous Strain On London Gold Pool II As Swiss Refiners Say Gold & Silver Demand From India And China Is Strong appeared first on King World News.
Egon von Greyerz: FOUNDER & MANAGING PARTNER of Matterhorn Asset Managment AG / GOLDSWITZERLAND - EvG forecasted the current economic problems over 12 years ago. In 2002 (gold $300/ oz.) MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system…
The post Egon von Greyerz: Broadcast Interview – Available Now appeared first on King World News.
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland - EvG forecasted the current economic problems over 12 years ago. In 2002 (gold $300/ oz.) MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system…
The post Egon von Greyerz appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP: Alasdair Macleod – Available Now appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP with Alasdair Macleod appeared first on King World News.
As we get ready to kickoff trading in April, the gold market has become so tight that entities are now having to take delivery of gold from the Comex as a last resort.
The post Entities Are Now Having To Take Delivery Of Gold From The Comex As A Last Resort appeared first on King World News.
Instagram influencer accused of stealing $2.5 million in Bitcoin from followers
Jegara Igbara, who gained more than 1 million followers under the Instagram account where he went by “Jay Mazini,” allegedly defrauded at least $2.5 million from his followers through a Bitcoin scheme.
The FBI accused Igbara of coaxing people to send him Bitcoin at above-market prices, then sending them back falsified images of cash wire transfers.
“We Don’t Have The Money”: Argentina Warns It Will Default Again
There are three certainties in life: death, taxes and Argentina defaults.
And while we have seen a lot of the first in the past year, Biden is making sure we will see much more of the second in coming years, it was Argentina’s president Cristina Fernandez de Kirchner who said on Wednesday that we are about to have one more of the third.
Unemployment claims sink to coronavirus pandemic low of 684,000
In another strong sign the U.S. economy is recovering, the Federal Reserve plans to remove a rule that handcuffed the banks from raising dividends and buying back shares.
The Fed, provided these financial institutions pass the next round of stress tests set for June, will remove the restrictions, as detailed in a statement.
Stocks Dump’n’Pump; Dollar Gains Amid Bitcoin, Bond Pain
Thanks to yet another big short-squeeze that began shortly ahead of the EU close. This was the biggest short-squeeze since late January.
Small Caps went from down over 1.5% ahead of the EU close to up over 2.5%. Nasdaq ended lower as late day selling pressure hit…
Toilet paper could face a new shortage
A shortage in the availability of shipping containers could lead to another toilet paper shortage.
Coronavirus created a shortage of bath tissue at the start of the pandemic as consumers resorted to panic buying and stockpiling.
Demand for the steel-ribbed containers threatens to delay shipments,.Chief Executive Officer Walter Schalka said in an interview.
Gov. Ron DeSantis Opposes Vaccine Passports In Florida
In sharp contrast with New York Governor Andrew Cuomo who recently imposed “vaccine passport” requirements for people in New York to attend certain events, DeSantis is standing up for freedom and against the imposing of vaccine passports in Florida.
It ‘Might Take Weeks’ To Free Ship Stuck In Suez Canal, Salvage Company Says
The Ever Given — one of the largest container vessels in operation and nearly twice as long as the canal is wide — ran aground on Tuesday amid high winds, a dust storm and poor visibility for navigation. It was heading north en route from China to the Netherlands through the canal that links the Mediterranean to the Red Sea.
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 3/25 – Toilet paper could face a new shortage, It ‘Might Take Weeks’ To Free Ship Stuck In Suez Canal appeared first on Peak Prosperity.
Farmland is a “holy grail” asset class for many investors.
It’s tangible, produces income, and has inherent underlying value — making it a great inflation hedge.
It’s supply constrained. Mother Nature isn’t making any more of it –and in total, farm acreage around the world is being lost to development, drought, etc.
Historically it’s an asset class that produces double-digit annual returns while remaining largely uncorrelated with the stock market, making it a valuable component for portfolio diversification.
And even better, it offers the chance to do well by doing good. There are increasing opportunities to convert poorly-managed conventional farmland to organic status through sustainable practices AND command much higher profits in the process. Smart farmers are now able to create superior business while healing the soil at the same time.
So, how can you get access to this attractive asset class?
Farmland investor Craig Wichner explains how in this week’s Market Update. He also details out the growing number of ways regular investors like you can purchase farmland and benefit from its many attributes without having to actually become a farmer yourself.
Which is why Craig agrees that now, more than ever, is the time to partner with a financial advisor who understands the nature of the market risks in play as well as the opportunities that farmland offers in a diversified portfolio to defend against them, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical resilience preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.
The post Want To Invest In Farmland? Here’s How appeared first on Peak Prosperity.
March 26 (King World News) - Danielle DiMartino Booth at Quill Intelligence: Before he penned “Somewhere Over the Rainbow,” E.Y. “Yip” Harburg wrote an anthem to the working man. Released just before Franklin Delano Roosevelt was elected to office as part of the 1932 musical Americana, “Brother, Can You Spare a Dime?” became the best-selling song of the Great Depression.
The post “Brother, Can You Spare A Trillion?” appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
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from Kerry Lutz's Financial Survival Network
Dr. John Huber returns… Just because the world is depressed doesn’t mean you to be too. Your internal state of mind is the key to your happiness and satisfaction with life. Reinforce your belief in yourself by using positive affirmations; they can make a big difference. Sometimes you get so down that you need professional help to get out of it and that’s okay too. It might even require medication and that’s okay too. Three things to turn your life around right now: 1. There’s never a perfect time, start the journey now. 2. Adversity creates opportunity. Life is 99 percent virtual. 3. Working virtually gives you possibilities that never dreamed of before. Open your eyes and realize it. Today is the day and now is the time to turn your life around. Reframe and rebuild your business plan. Don’t worry about the small stuff.
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