With China leading the way by selling a record $187 billion of U.S. treasuries in 2015, a massive global liquidation continued during January and February of this year. What does this mean for the U.S. economy?
Citing concerns about about a possible economic crisis and a desire for monetary stability, the State of Tennessee is now officially on record supporting the establishment of a depository facility to house gold and other precious metals for Tennesseans. In a remarkable example of bi-partisanship on serious issues, the resolution passed unanimously in both the state House and Senate before being signed by the governor. But more work remains, according to pro-Constitution and sound money activists supporting the efforts.
The U.S. House Oversight and Government Reform Committee announced its intention to mark up a bill calling for an audit of the Federal Reserve.
Kudos to Trump for being willing to talk about the elephant in the living room: the U.S. national debt and the likelihood of defaulting on that debt because of an inability to pay.
In a microcosm Puerto Rico looks very much like the United States might in just a few years, and for the same reasons.
A survey conducted by Harvard University indicates that a majority of Millennials do not support capitalism. While the results may be troubling, however, some contend that the Millennials’ antipathy toward capitalism is misplaced frustration at the crony capitalism, corporatism, and socialistic systems that have hijacked a once free market. Furthermore, the study’s findings may simply underscore what has already been revealed in previous surveys — that Millennials do not actually know what capitalism or socialism mean.
After driving interest rates into the negative in numerous countries around the world and despite being charged with reducing systemic financial risk, central banks around the world are speculating in risk to improve their portfolio returns. The irony of aiding and abetting yet another financial bubble is apparently lost in the equation.
Move over, Andrew Jackson. Your time on the face of the $20 Federal Reserve Note is at an end. You are being replaced by Harriet Tubman.
Seizing on the media- and government-manufactured “Panama Papers” brouhaha, governments and globalist organizations announced a wave of new edicts and agreements last week in a plot to kill what remains of financial privacy rights and impose a radical global tax regime on humanity. The Obama administration, the United Nations, the World Bank, the International Monetary Fund, Socialist International, the European Union, and more are fully behind the effort. Of course, as this magazine has documented, those establishment forces, socialist groups, international organizations, tax-funded shills, and bloated governments have been pushing the same dangerous agenda for years without much success. Now they see their chance.