With the US dollar tumbling as we near the end of trading for 2019, here is a stunning look at 2020 as the Fed's balance sheet continues its epic rise!
The post 2020 As Fed’s Balance Sheet Continues Its Epic Rise! 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!
The World’s Best Places to Retire on $200K or Less (Thomas R.)
Life is affordable in Slovenia: A one-bedroom apartment in the capital, Ljubljana, rents for about $600 a month, according to the cost-of-living website Numbeo, and restaurants, entertainment and groceries also are reasonably priced.
All residents must pay for compulsory state health insurance, which provides access to good health care. It’s common to add on private, local health insurance for additional services.
The Optimist’s Guide to 2020 (TS)
>Populism. War. Pollution. Since 2014, Bloomberg’s Pessimist’s Guide has imagined a roadmap of the world’s coming worries. But this year, you can open up the newspaper on any given day and get all the negative news you need.
Are things really that bad? We don’t think so. This year, we’ve decided to take a different approach. Science, technology and changing social attitudes can plant the seeds for a brighter world. So instead of looking at what could go wrong, we’re asking you to look at what could go right.
After an amazing decade in space, these are humanity’s top achievements (TS)
As it turns out, building a rocket from scratch is difficult. Just one private company succeeded in flying a new small satellite launcher during the 2010s—Rocket Lab. After an initial test flight failed to reach orbit in 2017, the company has rattled off nine consecutive successful launches from its New Zealand spaceport. By the end of 2019, Rocket Lab was launching at a cadence of one mission about every month and a half. In fact, of US-based companies, Rocket Lab ranked second in total launches in 2019 with six—ahead of United Launch Alliance and only behind SpaceX.
In a Year of Notable Deaths, a World of Women Who Shattered Ceilings (jdargis)
Before 1972, an educational institution could discriminate against women and still receive federal funding, no questions asked. That changed with the passage of Title IX that year, encoding equity in law. And if there was one person to thank for that sea change, it was Bernice Sandler, who had once been told, in being denied a full-time university teaching job, “You come on too strong for a woman.”
‘It’s Not Christmas for Them Without Us’ (tmn)
Despite the restaurant’s history and the long history of Jewish families eating at Chinese restaurants on Christmas, Christmas at Princess Garden is only a 10-year-old tradition. It started when families, mostly Jewish, asked if the restaurant would open for them during the holiday. “I came to America and started working at 19, and now I’m 66,” Robert says. “I’ve seen customers get married, have kids, and then seen those kids bring in their own kids into the restaurant. We’ve fed people through birthdays, weddings, and funerals. Princess Garden is their family gathering restaurant.”
Be Paranoid About Privacy (tmn)
Yes, it’s up to us to protect ourselves, since there are no federal laws that actually do it. Europe has been far ahead on privacy with its General Data Protection Regulation, but things will finally start to change for Californians like me when the California Consumer Privacy Act goes into effect next week.
Christmas Day around the world – in pictures (jdargis)
Participants in festive costumes jump into the water during the 110th edition of the Copa Nadal (Christmas Cup) swimming competition in Barcelona’s Port Vell. The traditional Christmas swimming race attracted more than 300 participants on Barcelona’s old harbour.
Enjoy Views of a Snowy Yosemite Valley (jdargis)
Early on a Friday morning a couple of weeks back, I caught my first real glimpse of Yosemite Valley.
It was chilly, but not frigid. Silvery clouds blotted out the rising sun, until they were streaked with pale pink and orange. Jenna Schoenefeld, the photographer I was traveling with, and I drove along the Merced River admiring the snow-dusted peaks of El Capitan and Half Dome.
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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 12/27 – Good News Friday: The World’s Best Places to Retire, Christmas Day Around The World appeared first on Peak Prosperity.
from Financial Survival Network
Auryn’s Sombrero project’s drill license should becoming any day now. When you’re dealing with governtment bureaucracies, even friendly ones, delays are inevitable. Ivan says they’re only a few weeks behind schedule. The drill plan is to commence in Q1 and they’re sticking to that schedule until further notice.
Bonanza silver sample grades at the company’s Curibaya project have been nothing short of breathtaking. Permitting in Curibaya is far easier matter than Sombrero because of the desert like conditions and lower population density. Best of all, there’s water and electric nearby. Drilling could be right around the corner.
Auryn is actually three companies in one, the Canadian projects, Sombrero and Curibaya, all with amazing potential. Things should really start heating up in 2020, hopefully taking the stock price with it. (In the interest of full disclosure, Auryn is an FSN sponsor and we like it so much we own the shares).
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We’re less than a week away from New Years Day and I already have my 2020 resolution queued up and ready to go. Wanna know what it is? I hereby resolve not to make any New Year resolutions! There is a big advantage in going this route — I’m virtually guaranteed to succeed in my […]
The post Fun on Friday: I Hereby Resolve… appeared first on SchiffGold.com.
Gold is finishing up 2019 with a bang, pushing back above the psychologically significant $1,500 per ounce this week. Although there are a few trading days left, gold appears set to end the year with a better than 17% gain. In the last Friday Gold Wrap podcast of 2019, host Mike Maharrey takes us through […]
The post Top 5 Precious Metals Stories of 2019: SchiffGold Friday Gold Wrap Dec. 27, 2019 appeared first on SchiffGold.com.
Gold has been on a roll lately, even as stocks hit all-time highs. Here is what it all means.
The post Look At What Is So Surprising Right Now About Gold And Stocks appeared first on King World News.
The only thing nearly as enlightening as reading David Collum’s epic Year In Review is listening to him and Chris Martenson riff about its highlights.
Strap in, grab some eggnog, and listen to this year’s recap:
We are so close to a financial crisis now that we may be way, way past the fail-safe.
We’ve got all these unfunded liabilities that we have to pay or face the consequences of — and they are fantastically enormous.
The pensions are all underfunded — at the top of a financial asset price bubble, mind you.
Social Security is a disaster. And we’re promising so much medical help for everyone that is now profoundly expensive.
There are so many things out there that are unmoored. The Fed is unmoored. The digital world is taking us to this digital gulag, in my opinion — I don’t think I’m being hyperbolic.
I think we’re heading for very, very bad places.
Click the play button below to listen to Chris’ interview with David Collum (84m:24s).
Other Ways To Listen: iTunes | Google Play | SoundCloud | Stitcher | YouTube | Download |
The post David Collum: Pandemonium appeared first on Peak Prosperity.
Global stock markets gained $17 trillion in value in 2019 (Thomas R.)
In Europe, the resounding victory for Boris Johnson’s Conservatives is expected to give him the power to negotiate the country’s exit from the European Union.
The large climb for world markets has been largely dominated by the U.S. markets, however. The rally in the U.S. has been broad, with the S&P 500, Dow Jones Industrial Average and Russell 2000 all rising more than 20% this year.
Lynette Zang: Get Ready For Central Bank Bail-Ins And A Bitter Taste of Economic Reality (video) (pinecarr)
Lynette Zang is back to share her latest news and updates on the latest developments within the global economy and geo-political landscape. With 2019 being an incredible year for Gold we gain fresh insights on what lies ahead in 2020, the stock market is also rallying more than ever but could this never-ending rally give way to long term damage in the future?
Nicaragua Has a Simple Message for Protesters: Don’t (jdargis)
In the face of unrest, the government has used uncompromising measures to silence public dissent. And despite a collapsing economy, American sanctions and mass emigration, President Daniel Ortega and his wife, Vice President Rosario Murillo, still hold power firmly.
Why Aren’t Brazilians Protesting? (jdargis)
In Colombia, students, workers and indigenous people have been demonstrating since late November against rumored pension cutbacks and changes to labor laws. Protesters accused the center-right president, Iván Duque, of failing to address issues like corruption, economic inequality and the murder of human rights activists.
Awakening to a Mass-Supervision Crisis (tmn)
The enormous and well-documented scale of mass incarceration in the United States has recently influenced criminal-justice reformers on both the left and the right to pursue a correction. The U.S. is home to about 4 percent of the world’s population but nearly 20 percent of its prisoners. After peaking in 2009, the prison population fell to about 1.5 million by 2016, in part through new state laws allowing people to be released earlier than planned. This has coincided with a decline in people on probation—who are supervised in their communities instead of incarcerated—also partly because of state reforms.
Here’s how the new retirement legislation could fall short (Thomas R.)
“Secure has been characterized by some as a sweeping overhaul of the system. That’s an overstatement,” said Mark Iwry, former deputy assistant secretary for retirement and health policy at the U.S. Treasury Department during the Obama administration.
‘Bull’s-eye’ landing caps Boeing’s faulty astronaut capsule test mission (Thomas R.)
“Today it couldn’t really have gone any better,” Boeing space chief executive Jim Chilton told reporters on Sunday, adding that experts would need weeks to analyze the data from this mission before determining if Boeing could move forward with its plan to send a crewed mission on the craft in 2020.
Pentagon tells military personnel not to use at-home DNA kits (Thomas R.)
“Moreover, there is increased concern in the scientific community that outside parties are exploiting the use of genetic materials for questionable purposes, including mass surveillance and the ability to track individuals without their authorization or awareness,” the memo said.
Men Of The West: Decline And Fall Of The United States (Thomas R.)
Money is the destroyer of nations. That is certain. Over time, the desire to be rich replaces the individual desire for fame or conquest or achievement. Rather than going to school for learning or virtue, men go to school to learn how to get rich. And yes, it will disappoint those who believe history has ended, to know that Arab moralists complained about this exact problem way back in 1090. What is the American dream, my friends? Is it climbing Everest? Or is it being able to buy stuff?
I’ll Let Myself In: Tactics of Physical Pen Testers (video) (Afridev)
Many organizations are accustomed to being scared at the results of their network scans and digital penetration tests, but seldom do these tests yield outright “surprise” across an entire enterprise. Some servers are unpatched, some software is vulnerable, and networks are often not properly segmented. No huge shocks there. As head of a Physical Penetration team, however, my deliverable day tends to be quite different. With faces agog, executives routinely watch me describe (or show video) of their doors and cabinets popping open in seconds. This presentation will highlight some of the most exciting and shocking methods by which my team and I routinely let ourselves in on physical jobs.
More US voters than ever care about climate – but will they go to the polls? (tmn)
“There are almost 30 million climate voters out there who are already registered to vote. That’s a huge constituency,” said Nathaniel Stinnett, the founder of the project, which aims to identify inactive environmentalists and turn them into consistent activists and voters.
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 12/26 – How Retirement Legislation Could Fall Short, Why Aren’t Brazilians Protesting? appeared first on Peak Prosperity.
from Financial Survival Network
Tax expert Jeff Socha returns… China and the US have reached a trade agreement. Actually, it’s more like a letter of intent where the parties have agreed to agree. Where it’s actually heading is anyone’s guess. But these markets don’t seem to care about minor items like that, or impeachment or rapidly expanding debt. The market’s making new highs and that’s really all that matters to Wall Street. The system is working.
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from The Morgan Report
Millions of retirees and workers are at risk of losing their multi-employer pension benefits because their plans are forecast to become insolvent in the near future. This would lead to these retirees receiving just a portion of their pensions. EU’s crisis also puts the United States on the trajectory toward a system wide collapse, and the elimination of billions in retirement dollars and tens of thousands of jobs.
Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. You can continue to grow your wealth regardless of the changing winds of politics, the economy and the financial markets. Let me show you how…
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With the price of gold and silver surging, here is a look at a gold bull catalyst, silver spiking, ouch, plus Merry Xmas for gold and silver bulls.
The post Gold Bull Catalyst, Silver Spikes, Ouch, Plus Merry Xmas For Gold & Silver Bulls appeared first on King World News.
The Fed has indicated that it won’t hesitate to let the inflation Jeanie out of the bottle. As Peter Schiff put it in a recent podcast, the central bank is willing to resurrect the inflation monster that former Fed Chairman Paul Volcker slew. Even if the Federal Reserve wasn’t set to allow inflation to run […]
The post Inflation: A Wealth Redistribution Scam appeared first on SchiffGold.com.
The Federal Reserve is worried about corporate debt, which is ironic given that Fed policies made the corporate debt problem possible. The Fed’s latest Financial Stability Report issued in November laments the pileup of business debt. Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt […]
The post Fed Peaks the Irony Meter With Worry About Corporate Debt appeared first on SchiffGold.com.
Why student loan debt is ballooning for those 50 and up (Saxplayer00o1)
Aggregate student loan balances of borrowers ages 50 and older increased 512%, adjusted for inflation, in 14 years, according to the AARP’s “The Student Loan Debt Threat” report. Borrowers in that group owed $289.5 billion in 2018. About 8.4 million student loan borrowers are ages 50 and older.
Defaults in Asia Set to Rise With Hot Spots in China, India (Saxplayer00o1)
Many investors expect fewer bailouts by the Chinese government after it recently let commodities trader Tewoo Group default in the biggest failure on a dollar bond by a state-owned firm in two decades. Companies in the region have been on a buying spree fueled by debt. Those factors could make things even worse in 2020 after China onshore defaults rose to a record in 2019.
Fed’s Year-End Repo Is Underscribed Again, But Outlook Cloudy (Saxplayer00o1)
The central bank is planning to offer a total of $490 billion via repo operations for the turn of the year, including the $156 billion that it has already pumped in through five earlier term actions.
Survival camps cater to new fear: America’s political unrest (Thomas R.)
“There is growing concern that after the 2020 election there could be massive, long-lasting civil unrest if people say, ‘Hey, I don’t buy the new president, I don’t recognize him or her,’” said Miller, who has added “civil war” to his risk scenarios.
Skeptics said Fortitude Ranch was preparing for catastrophic events that were unlikely and possibly not worth surviving.
Farewell to Paper Money? (thc0655)
At some point, we can expect banks to disallow any payment for cryptos such as bitcoin through central bank cryptos and refuse accounts to anyone who has a history of dealing in non-central bank cryptos. The objective will be to eliminate the possibility that your grocer or gas station, along with any other bank depositor, might accept bitcoin. The intent will be to send bitcoin to the crypto graveyard.
Banks Get Tough on Shale Loans as Fracking Forecasts Flop (Kirk P.)
Banks have begun to tighten requirements on revolving lines of credit, an essential lifeline for smaller companies, as these institutions revise estimates on the value of some shale reserves held as collateral for loans to producers, according to people familiar with the matter.
How We Cut Our Electricity Usage by 85% (Kara S.)
Of the electricity generated in America, 38% is used in homes. Another 37% is used in commercial settings, and the rest in manufacturing. Individuals obviously have much less influence over these last two categories, but it certainly can’t hurt to shop less, buy less, buy used and retire early. At the very least, that’s all good for the bank account and the clutter level.
The 10 Most Important Oil Market Trends For 2020 (Thomas R.)
The United States exported more crude oil and petroleum products than it imported in September 2019—the first month in which America was a net petroleum exporter since monthly records began in 1973, the U.S. Energy Information Administration (EIA) said earlier this month.
Another Oil Major Bails On Marcellus Shale (Thomas R.)
Why is Chevron abandoning the Marcellus for the Permian? Let’s take a look at the isopach maps for both. In the graphic for the Marcellus, noted as Figure 2, you can see it is a relatively thin structure over most of its extent. And thins progressively the farther west it goes.
‘No news is good news’ for families of Australia’s volunteer firefighters (Thomas R.)
“I have a little emoji of a bald guy with a bit of facial growth giving a thumbs up, and so every hour or so I try and send that emoji to her and she knows that I’m OK,” Andrew Hain told Reuters, shortly after fighting fires in the Wollondilly Shire, south of Sydney.
Existing environment regulations are meant to curb greenhouse gas emissions, protect land and animals from oil and gas drilling and development, as well as limit pollution and toxic waste runoff into the country’s water. The administration views many of them as onerous to fossil fuel companies and other major industries.
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 12/25 – Farewell to Paper Money, Why Student Loan Debt Is Ballooning For Seniors appeared first on Peak Prosperity.
Holiday spirit is alive and well...
The post The Holiday Spirit appeared first on King World News.
