With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about the grand illusion, $80,000 gold and a worldwide nightmare.
The post The Grand Illusion, $80,000 Gold And A Worldwide Nightmare appeared first on King World News.
from Financial Survival Network
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On the heels of gold and silver surging as the mining stocks hit new multi-year highs, China's shocking plan to push gold over $10,000 is part of the world over the world's monetary system.
The post Shocking Plan To Push Gold Over $10,000 Is Part of China’s War Over The World’s Monetary System appeared first on King World News.
Just go to JasonHartman.com and get started now!
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Just go to JasonHartman.com and get started now!
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Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
from Really Smart Passive Income
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In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?
Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.
That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today.
If you have not yet read Part 1: The Burrito Index: Consumer Prices Have Soared 160% Since 2001, available free to all readers, please click here to read it first.
In Part 1, we compared official rates of inflation with hard data from the real world, and found that it’s not just the cost of burritos that has soared over 100% while inflation has supposedly been trundling along at 1% or 2% per year. The real killer is the soaring cost of big-ticket essentials such as rent, higher education and healthcare.
So what can we do about it? There are only a few strategies that can make a real difference: either qualify for subsidies (i.e. lower household income), own assets and income streams that keep up with real-world inflation, or radically reduce the cost structure of big-ticket household expenses.
Though it runs counter to our philosophy of self-reliance, we have to address incentives offered by the system we inhabit. One powerful set of incentives is entitlement subsidies for lower income households: rent subsidies (Section 8), healthcare subsidies (Medicaid and ACA/Obamacare), college tuition waivers, food subsidies (food stamps), free school lunches, and so on.
These programs were designed to aid households that cannot earn more income, but for households on the borderline between paying full freight (no subsidies) and receiving some subsidies, it makes sense to work less, earn less and qualify for substantial subsidies.
I am not recommending gaming the system, I am simply noting that subsidies exist and those who earn just above qualifying incomes are in effect punished for earning a bit too much.
In many cases, we assume subsidies are reserved for “poor people” and we don’t qualify. For entitlements such as food stamps (SNAP), this is generally the case. But other programs offer some subsidies to households with incomes that are substantial...
With Wall Street having one of the strangest years in 2016, today a top advisor to the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world, told King World News that gold and silver are headed into the stratosphere along with the mining shares.
The post Top Advisor To Sovereign Wealth Funds Says Gold & Silver Headed Into The Stratosphere Along With The Shares appeared first on King World News.
Michael Belkin: Founder, Financial Market Strategist & Author of The Belkin Report - A weekly global forecasting service since 1992 which has become the trusted resource to advise managers of hedge funds, pension funds, investment banks, mutual funds, sovereign wealth funds and family offices throughout North America, Europe and Asia. Previously, Mr. Belkin was a vice-president and quantitative strategist in global equity proprietary trading at Salomon Brothers...
The post Michael Belkin: Broadcast Interview – Available Now appeared first on King World News.
Michael Belkin: Founder, Financial Market Strategist & Author of The Belkin Report - A weekly global forecasting service since 1992 which has become the trusted resource to advise managers of hedge funds, pension funds, investment banks, mutual funds, sovereign wealth funds and family offices throughout North America, Europe and Asia. Previously, Mr. Belkin was a vice-president and quantitative strategist in global equity proprietary trading at Salomon Brothers...
The post Michael Belkin appeared first on King World News.
In case you missed it, here’s what the Fed’s been up to this week. Gold Prices Spike after Fed Announcement It was a big week for being fed up with central banking. The Fed’s July meeting and the FOMC’s statement […]
Last week, we reported on an oft-ignored fundamental in the gold market – the shrinking supply. Mining.com analyzed the data and concluded there are no more easy gold discoveries. In fact, the number of major gold discoveries is shrinking. This […]
Beware of Impending Gold Production Cliff
Once again, the Federal Reserve came, saw, and did nothing. This has become modus operandi for the Fed over the last two years. As each FOMC meeting approaches, speculation about a possible rate hike ramps up and then the Janet […]
The Fed: We Came, We Saw, We Did Nothing – The Mainstream Is Catching On to the Game
from The Golden Rule with David Fischer
Ask about your IRA having physical metals, and taking possession with no tax liability – Call 877-448-2646 or visit LandmarkGold.com
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After such a significant move in the gold, silver and mining share markets, today King World News thought it was a good idea to take a step back and look at the big picture of the war between gold and the Federal Reserve. This led to a remarkable question: Is the price of gold headed to nearly $20,000?
The post A Bull Market For The Ages As The Price Of Gold Heads To A Jaw-Dropping $20,000 appeared first on King World News.
from Financial Survival Network
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With today’s FOMC announcement that a September rate hike is off the table, it looks like it will be the end of the year before Yellen and company change their monetary policy. It’s business as usual. Yesterday Peter Schiff appeared […]
Peter Schiff: Fed’s Next Move is Rate Cut
Today top Citi analyst Tom Fitzpatrick sent King World News a major update on the action in the gold & silver markets.
The post Top Citi Analyst Issues Major Update On The Gold & Silver Markets! appeared first on King World News.
Sunny Pannu, director of corporate development for Defiance Silver, a silver explorer and developer, recently sat down with Silver Institute executive director Michael DiRienzo for a wide-ranging discussion about the fantastic world of silver. The discussion focused on the present […]
Silver Is All Around Us (Video)
The Federal Reserve stayed pat on interest rates in its most recent meeting, but speculation continues to percolate that the central bank will possibly raise rates in September. Peter Schiff has been saying for months that the Fed won’t raise […]
The World Is Awash in Record Levels of Quantitative Easing
We desperately need to have new national and global conversations about everything from how we’ll feed everyone in 2050, to developing a coherent sustainable energy policy, to the fact that each year is hotter than the year before, to the idea that we’re living with a soul crushing sense of scarcity in a world of abundance.
There’s lots that needs addressing, and the process should begin with letting go of the old narrative so that we can make space for assembling the new one.
Former U.S. Treasury Secretary, Dr. Paul Craig Roberts, just warned that we are about to witness the end of the world as we know it.
The post Paul Craig Roberts – We Are About To Witness The End Of The World As We Know It appeared first on King World News.
A number of ideas and tips for saving eggs and putting them up in the freezer. Another way to build resiliency and store extra eggs from the coop.
