Top Finance And Economic News Today. Your one stop site for news about USA and global economy, gold, silver, investing, geo politics, mining stocks.
We cover news about and from Jim Rogers, Jim (James) Rickards, Mike Maloney, Peter Schiff, Greg Mannarino, Greg Hunter, SGT Report, Robert Kiyosaki, Martin Armstrong, Bo Polny, Eric King, King World News, Bix Weir, Paul Craig Roberts, Dollar Vigilante and many more.
The results of this week’s U.S. senate runoff and contested presidential election will affect where the markets go in 2021 says pro trader Nick Santiago of InTheMoneyStocks.com. Nicks shares the best trades he plans to profit from this year. He also shares insights on where USD and oil might head depending on the political composition of the federal government. Nick also discusses the bitcoin trade, 2021 inflation expectations how he has profited from shorting markets. Have a listen and learn from a veteran trader with over 30 years experience!
The image for this post is of myself and Evie traveling to Houston to spend two solid days with Dr. Paul Marik and Dr Pierre Kory, who are the impassioned leaders of the Front Line Covid Critical Care (FLCCC) non-profit. You might remember Dr. Kory from his Senate testimony, which moved me greatly, as it...
John Rubino returns to the show to discuss where the markets are headed in 2021. Is this year for the devastating market crash many have been anticipating? Is the downfall of the U.S. dollar upon us? What might be some of the best trades in 2021? If the current economic system collapses will verifiable stock and asset ownership translate into the new financial system? Where are the precious metals headed and why right now might be the most important time to own them? John addresses these questions and more…so tune in!
While millions of Americans have lost their jobs during the pandemic, consumer spending on goods went up 7.2 percent from January to September, according to the Bureau of Economic Analysis. And some of that spending includes items people now regret. Some were meeting basic needs, from canned corn to houses. Others took advantage of big sales to buy clothes they won’t wear this year. And still others bought goods from gadgets to boats they thought would keep them entertained, but are now sitting unused.
He was sometimes called the “billionaire millennial,” and his ambitions were no less grand than his nickname.
Lin Qi, a 39-year-old video game tycoon, had spent a small fortune buying up the rights to a Chinese science fiction novel called “The Three-Body Problem.” A tale of alien invasion that intertwined cosmic machinations with the horrors of China’s Cultural Revolution, the book had become an unlikely international best seller that counted Barack Obama among its admirers.
SINGAPORE – Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.
Brent crude for March was at $51.76 a barrel, down 4 cents or 0.08%, by 0038 GMT while U.S. West Texas Intermediate crude for February fell 9 cents, or 0.2%, to $48.43 a barrel.
On December 28th, President Donald Trump signed into law a huge spending bill that allocates $1.4 trillion in federal funding for the 2021 fiscal year. The bill covers a lot issues, but one in particular that has caught the attention of some media outlets is the topic of unidentified aerial phenomenon, also known as UFOs or UAPs. This large spending bill also contains the Intelligence Authorization Act, which outlines clandestine reporting requirements to the congress.
The Biden team responded this weekend to criticism of President-elect Joe Biden’s treasury secretary pick Janet Yellen after it was revealed she raked in more than $7 million as a speaker from Wall Street firms and other corporations after leaving the Federal Reserve in 2018.
“Janet Yellen is among the pre-eminent economic policymakers in the world today. Since leaving the Fed after several decades in public service, she has spoken at economic conferences, universities and to business groups and financial institutions about her experiences …”
Millions of Americans who are hours away from losing unemployment aid or the small business they have spent years building have a simple plea to President Trump and Congress: Please help us.
The Washington Post has been inundated with messages and phone calls from people on the verge of losing their homes and cars and going hungry this holiday who are stunned that President Trump and Congress cannot agree on another emergency aid package. Several broke down crying in phone interviews.
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.”
Danielle DiMartino Booth: CEO & Chief Strategist for Quill Intelligence LLC: Quill is a research and analytics firm. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy...
Danielle DiMartino Booth: CEO & Chief Strategist for Quill Intelligence LLC: Quill is a research and analytics firm. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy...
The Federal Reserve’s official target rate of inflation is 2% per year.
Put another way, that means that if the Fed hits its target, the value of today’s dollar will only be worth around a third of its current value in 50 years.
Think that can’t happen? It already has.
Look at the chart below showing the decline in the purchasing power of the US dollar since the creation of the Fed in 1913:
With the Fed now in “extreme easing” mode, having printed up nearly $3 trillion in thin-air money just this year alone, it’s not a stretch to expect the value of the dollar to decline even more precipitously from here than current estimates predict.
So, in a world where the Fed is considered by many to BE the market, backstopping investors and stepping in at a moments notice to prevent losses, what is the Fed most likely to do from here?
To address this, we recorded this excellent “fly on the wall” discussion between Danielle DiMartino Booth and Axel Merk, both of whom have inside access to the people running the Federal Reserve. In this video, they reveal that they share the same sad conclusion that the Fed really doesn’t have a plan to get out of the mess it’s in (a mess of its own creation) and is pretty much just playing for time, trying to delay the inevitable, painful repercussions of its failed policy.
Which is why now, more than ever, is the time to partner with a financial advisor who understands the nature of the risks in play, 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 coronavirus 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.
