Americans continue to pile up debt, adding to numbers that were already at record levels. US consumer debt increased by $20.1 billion in August, pushing total consumer credit to a record $3.94 trillion, according to the latest numbers from the Federal Reserve. That comes to a 6.2% annual growth rate. These figures include credit card […]
The post American Consumers Now Over $3.9 Trillion in Debt appeared first on SchiffGold.com.
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from Financial Survival Network
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
from Financial Survival Network
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
With Canada's markets closed today for Thanksgiving holiday, here is a quick note from Fred Hickey and Felix Zulauf on gold, plus a stunning look at commodities.
The post Fred Hickey & Felix Zulauf On Gold, Plus A Stunning Look At Commodities appeared first on King World News.
This is why the price of gold is getting hit today, plus trouble in China and Italy.
The post This Is Why The Price Of Gold Is Getting Hit Today, Plus Trouble In China & Italy appeared first on King World News.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics. In this episode, host Mike Maharrey talks with economist Bob Murphy about his Contra Krugman book, how Keynesian economics goes off the rails, the time Paul Krugman ridiculously compared HealthCare.gov to UPS, the trade war, the […]
The post Contra Krugman: It’s Your Dime Interview with Economist Bob Murphy appeared first on SchiffGold.com.
The end of last week was tough on US stock markets. The Dow fell off about 200 points on Thursday and another 180 on Friday. But despite those drops, the Dow was only down slightly on the week. The NASDAQ, on the other hand, fell more than 3% last week and the S&P 500 was […]
The post Peter Schiff: Are Rising Interest Rates About to Prick the Bubble? appeared first on SchiffGold.com.
by Kerry Lutz
Financial Survival Network
Kavanaugh is in, but that’s only the beginning. Sun Tzu, unlike Civil War General McClellan, would not let his enemies retreat only to prepare and regroup to fight another day. No, he would recognize that the timing is right for inflicting mortal defeat upon them. So too Donald Trump.
From the beginning of Trump’s meteoric rise to power, I stated that it’s never a good idea to be betting against him. He’s won time and time again, with no let up in sight. If the democrats had been a real party and not a gaggle of miscreants, they would have recognized that a Trumpian Tide would life all boats and just go along for the ride. They could have sat back for 8 years, wisely chosen their battles and watched their public approval numbers go up. Instead, they suffer from a massive case of oppositional defiant disorder. If Trump were to rescue a littler of puppies from a kill shelter and bring them to the Whitehouse, they’d accuse him of animal cruelty.
It doesn’t matter what the issue, Trump will be completely opposed. Sun Tzu was big on picking the time and place of battle. This lesson has gone over and above the limited intellectual capacities of the modern Democrat Party. They are too busy defending the Alamo of their failed beliefs and policies to notice that they’re out of powder and ammo. How much longer can they continue on before they realize the futility of their cause? That’s a rhetorical question that needs no answer. It’s obvious that they believe they must kill their party to save it. And they’re getting their wish.
Before World War II, it is said that General George Patton, being the visionary he was, believed that another Great War with Germany was inevitable. He spent much time traveling Europe, exploring future potential battlefields and devising strategies to defeat the future enemy. So too with President Donald Trump. Before lowering himself into the gladiator pit of modern American politics, he visited with potential friends and enemies alike. He studied them for their strengths and weaknesses knowing that one day he would be poised to slay the deep state dragon. Those who could be made allies such as Senators Rand Paul and Lindsey Graham would be converted and sent out to do battle on his behalf. Those who couldn’t or wouldn’t see the wisdom of Trump’s ways would be undermined and eventually destroyed.
Now the battle is on and the scenarios that Trump spent years preparing for have become a reality. There’s no stopping him and there’s no stopping the mostly self-inflicted immolation of the Democrat Party. While they’re sighing a note of exhausted relief after the Kavanaugh defeat, President Trump is preparing the final battle cry. The democrats are like a cornered platoon in Vietnam, knowing that they’re surrounded by the Vietcong, just waiting to strike. Their last ditch defense is to call in the artillery and bomb their own position in hopes that they can take out more of the enemy than themselves. Not a sound long term strategy, but they hope they’ll live to fight another day. In this era asymmetric political warfare, Ho Chi Minh like Donald Trump has seen to it that their paths of retreat have been cut off, the napalm is primed and their days are numbered.
Regards,
~Kerry.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, warned King World News that we live in a world on the cusp of a major crisis.
The post Greyerz – A World On The Cusp Of A Crisis appeared first on King World News.
Today Rick Rule spoke with King World News about gold, silver, crude oil, uranium, mining stocks, and also said the gold bull market is close to ensuing.
The post Rick Rule – The Gold Bull Market Is Close To Ensuing appeared first on King World News.
Rick Rule: Chairman / Founder of Sprott US Holdings & President of Sprott Asset Management USA; Portfolio Manager - Rick is known as one of the most “street-smart” people in the natural resource sector and gold world with nearly 40 years of experience. Sprott Asset Management USA Inc. manages over a billion and…
The post Rick Rule: Broadcast Interview – Available Now appeared first on King World News.
Rick Rule: Chairman / Founder of Sprott US Holdings & President of Sprott Asset Management USA; Portfolio Manager - Rick is known as one of the most “street-smart” people in the natural resource sector and gold world with nearly 40 years of experience. Sprott Asset Management USA Inc. manages over a billion and…
The post Rick Rule appeared first on King World News.