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- What We Look For When Picking Superior Gold Stocks
- No Love For Gold
- The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)
- A “Cat 5” Financial System Hurricane Swirls Offshore
- EXPOSED: Bombshell Revelations Reveal Hillary Campaign Funded the NBC/WSJ Clinton +11 Point Poll
- Billionaire Gives NY Fed A Fire-Hose of Reality, Warns Of “Big Squeeze”
- Here’s some compelling data about the next recession
- The Banquet Of Consequences: How Will This End?
- A Progressive Responds to the Wikileaks Podesta Email Release
- “We Will Soon Find Out What True Censorship Means” – Obama’s Surrender Of Internet Control To Authoritarian Regimes Is Irreversible
- Ron Paul: ‘Believe Me, Gold Prices Are Going Up’
- Breaking News And Best Of The Web
- Top Ten Videos — October 11
- “Stunning Secret”: Andrew Breitbart Planned to Expose a Candidate Right Before Election, Too
- There Is One Very Simple Reason Why Gold And Silver Were Massacred Last Week… And Why Prices Will Rise Soon
- During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately
What We Look For When Picking Superior Gold Stocks Posted: 11 Oct 2016 01:00 PM PDT |
Posted: 11 Oct 2016 12:28 PM PDT |
The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion) Posted: 11 Oct 2016 12:24 PM PDT If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars. That is an amount of money that is almost unimaginable, and the IMF says that it is equivalent to 225 percent of global GDP. It is the biggest debt bubble in the history of the planet, and it is rising at an extremely alarming pace. Experts all over the world agree that when this debt bubble finally bursts, it is going to create an economic crisis on a scale that humanity has never seen before. When I first saw this number I was absolutely astounded at how reckless we all have become, and I was also amazed that there was hardly anything about this announcement in the mainstream media in the United States. The following excerpt comes from a story in a major British news source…
Right now the mainstream media in the United States is so obsessed with Trump and Clinton that almost every other important story is pushed to the side, but it boggles my mind how this cannot be major front page news. When we borrow money, consumption is transferred from the future to the present. For example, if you put a 70 inch television on your credit card today, the quality of your lifestyle will immediately go up, but you won’t have that money to spend at some point in the future. In fact, you are ultimately going to pay back significantly more money than you originally spent for the television. So when we go into debt, we are literally destroying the future one dollar at a time. On a national scale, what we are doing to our children, our grandchildren and all future generations of Americans is beyond criminal. Thomas Jefferson and other founding fathers warned that government debt was simply thievery from future generations, and they were exactly right. If future generations get the chance, they will look back and curse us for what we have done to them. Earlier today I looked up our national debt, and it is currently sitting at $19,688,773,606,117.54. That means that Barack Obama has officially become “the 9 trillion dollar man”. When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt, and now we are 19.6 trillion dollars in debt, and there is a very good chance that we could hit 20 trillion dollars by the time he leaves the White House on January 20th, 2017. In a just society, the politicians that have done this to future generations of Americans would be going to jail, but instead we put them up on pedestals. It is truly hard to grasp how much money “a trillion dollars” represents. For instance, if you were alive when Jesus Christ was born, and you had spent a million dollars every single day since that time, you still would not have spent a trillion dollars by now. Since Barack Obama entered the White House, we have been stealing more than 100 million dollars from future generations of Americans every single hour of every single day, and as Obama’s second term draws to a close the pace of that theft is accelerating according to Simon Black…
How could we do this? And I know that I have pointed the finger at Barack Obama a lot in this article, but the truth is that Republicans are highly to blame as well. The Tea Party revolution of 2010 gave the Republicans control of the House of Representatives, and since that time they have also gained control of the Senate. Without Republican approval, Barack Obama would not be able to spend a single penny. The American people were counting on the Republicans to put a lid on the wild spending of Barack Obama and the Democrats, and the Republicans in Congress have completely failed. Nobody wants to end the party. Because without a doubt, cutting back on our wild borrowing and spending would seriously damage the economy in the present, and nobody wants to be responsible for that. So now the only thing to do is to keep the party going for as long as possible until it ends in a horrible, fiery crash. Overall, the total amount of debt in the United States is now roughly equivalent to 350 percent of U.S. GDP, and a day of reckoning is rapidly approaching. Just consider what Charles Schwab’s chief investment strategist, Liz Ann Sonders, recently told Business Insider…
And I very much agree with her. We definitely “hit a wall” in 2008, but it was just “round one” of our problems. The coming rounds are going to be even more painful, but most Americans don’t understand this. Most Americans seem to believe that our debt-fueled standard of living can be sustained indefinitely and that there is nothing to be concerned about. Unfortunately, the laws of economics cannot be defied forever, and eventually the American people are going to experience economic and financial pain on a scale that we have never seen before in our entire history. |
A “Cat 5” Financial System Hurricane Swirls Offshore Posted: 11 Oct 2016 12:00 PM PDT Things are worse than are even being reported by alternative media. Heard from a friend east of the Atlantic whose employer is a financial institution in Europe – you can probably guess which country. Words used were "chaos" and "possible shutdown." Advised to buy silver as much as possible… From PM Fund Manager Dave Kranzler: One […] The post A "Cat 5" Financial System Hurricane Swirls Offshore appeared first on Silver Doctors. |
EXPOSED: Bombshell Revelations Reveal Hillary Campaign Funded the NBC/WSJ Clinton +11 Point Poll Posted: 11 Oct 2016 11:13 AM PDT It is now time to lay all media polling naked for you to grasp. Everything below is fully cited so you can fact-check it for yourself. However, we present this with a disclaimer: the entities exposed will industriously work to change their approach from this day forth. From The Conservative Treehouse via ZeroHedge: The Real Battle, […] The post EXPOSED: Bombshell Revelations Reveal Hillary Campaign Funded the NBC/WSJ Clinton +11 Point Poll appeared first on Silver Doctors. |
Billionaire Gives NY Fed A Fire-Hose of Reality, Warns Of “Big Squeeze” Posted: 11 Oct 2016 11:00 AM PDT Ray Dalio, founder of the $160 billion investment firm Bridgewater Associates, was invited to speak at the Federal Reserve Bank of New York's 40th Annual Central Banking Seminar yesterday. Rather than gush about how wonderful the Fed's zero interest rate policies have been since the financial crisis, Dalio gave them a fire hose of reality: […] The post Billionaire Gives NY Fed A Fire-Hose of Reality, Warns Of “Big Squeeze” appeared first on Silver Doctors. |
Here’s some compelling data about the next recession Posted: 11 Oct 2016 10:00 AM PDT Look- it's pretty obvious where things are headed. This isn't a political problem. It's an arithmetic problem. And the math doesn't add up… From Simon Black, Sovereign Man: In the modern history of the US economy over the past seven decades, the longest period of time the country has gone without a recession was […] The post Here's some compelling data about the next recession appeared first on Silver Doctors. |
The Banquet Of Consequences: How Will This End? Posted: 11 Oct 2016 09:00 AM PDT The Banquet of Consequences is Being Served. Prepared just for us by the central banking cartel… From Adam Taggart, Peak Prosperity: Sooner or later everyone sits down to a banquet of consequences. ~ Robert Louis Stevenson Last week, the Federal Reserve decided to keep US interest rates unchanged, marking its 96th month of life at the […] The post The Banquet Of Consequences: How Will This End? appeared first on Silver Doctors. |
A Progressive Responds to the Wikileaks Podesta Email Release Posted: 11 Oct 2016 08:30 AM PDT What a Trump supporter thinks of the latest Wikileaks dump is irrelevant to the outcome of this election. On the other hand, what progressive Bernie Sanders supporters think, is of meaningful significance. As such, I recommend listening to the following analysis by Jordan Chariton, a reporter for The Young Turks. Enjoy… From Michael Krieger: In Liberty, […] The post A Progressive Responds to the Wikileaks Podesta Email Release appeared first on Silver Doctors. |
Posted: 11 Oct 2016 08:00 AM PDT In addition to the Chinese, other multinational "partners" and owners in ICANN include Russia, Iran, Cuba, North Korea, Saudi Arabia, and Venezuela, all of which are not exactly famous for upholding rights of free speech to their citizens… By Jeremiah Johnson, SHTFPlan: Saturday, October 1, 2016 was the day that Obama, using the Commerce […] The post "We Will Soon Find Out What True Censorship Means" – Obama's Surrender Of Internet Control To Authoritarian Regimes Is Irreversible appeared first on Silver Doctors. |
Ron Paul: ‘Believe Me, Gold Prices Are Going Up’ Posted: 11 Oct 2016 06:40 AM PDT For Ron Paul, it doesn't matter what the outcome is in November, as he doesn't see much of a difference between the two parties. "Nothing ever really changes regardless of which party wins. Governments keep growing, the deficits keep growing and the Fed keeps borrowing and printing more money," he said. "I don't expect a […] The post Ron Paul: ‘Believe Me, Gold Prices Are Going Up’ appeared first on Silver Doctors. |
Breaking News And Best Of The Web Posted: 10 Oct 2016 07:37 PM PDT Corporate earnings continue to decline. Several banks now predicting recession. Deutsche Bank still trying to negotiate a lower fine with the US, may have to raise capital on extremely unfavorable terms. British pound plunges. Global debt soars. Gold and silver down slightly as speculator longs unwind. Trump threatens to jail Clinton if he wins. […] The post Breaking News And Best Of The Web appeared first on DollarCollapse.com. |
Posted: 10 Oct 2016 05:01 PM PDT The hidden secrets of money, the big reset, and the slow burn. Why gold and silver are headed much higher and Trump is funny. The post Top Ten Videos — October 11 appeared first on DollarCollapse.com. |
“Stunning Secret”: Andrew Breitbart Planned to Expose a Candidate Right Before Election, Too Posted: 10 Oct 2016 05:00 PM PDT Does Assange hold pivotal, bombshell info – something we doesn't already know about Hillary – that Wikileaks will release to the world, or will he be silenced? From Mac Slavo, SHTFPlan: There is a secret battle for the October Surprise, and it remains to be seen how it will play out. Clearly, there is […] The post "Stunning Secret": Andrew Breitbart Planned to Expose a Candidate Right Before Election, Too appeared first on Silver Doctors. |
Posted: 10 Oct 2016 04:30 PM PDT There's no reason… there's not even a propaganda meme of why gold has been smashed… there isn't even a such thing as negative news for precious metals anymore. So what happened? Well known gold and silver analyst Andy Hoffman suggests the answer could be much simpler than we have been led to believe: From […] The post There Is One Very Simple Reason Why Gold And Silver Were Massacred Last Week… And Why Prices Will Rise Soon appeared first on Silver Doctors. |
During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately Posted: 10 Oct 2016 03:38 PM PDT Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck? As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings. Of course one of the primary reasons for this is that most of us are absolutely drowning in debt. In fact, the total amount of household debt in the United States now exceeds 12 trillion dollars. So many Americans are so busy just trying to pay off their existing debts that they can’t even think about saving anything for the future. If economic conditions remain relatively stable, the fact that so many of us are living on the edge probably won’t kill us. But the moment the economy plunges into another 2008-style crisis (or worse), we could be facing a situation where two-thirds of the country is in imminent danger of running out of cash. If you are living paycheck to paycheck, you live under the constant threat of your life being totally turned upside down if that paycheck ever goes away. During the last crisis, millions of Americans lost their jobs very rapidly, and because so many of them were living paycheck to paycheck all of a sudden large numbers of people couldn’t pay their mortgages. As a result, multitudes of American families went through the extremely painful process of foreclosure. Unfortunately, it appears that we have not learned anything from the last go around. According to the brand new survey that I mentioned above, 69 percent of all Americans have less than $1,000 in savings…
Perhaps the most alarming fact from this survey is that 62 percent of all Americans had less than $1,000 in savings last year. So that means that this number has gotten 7 percent worse over the last 12 months. How did that happen? I thought the mainstream media was telling us that the economy was getting better… Look, if you don’t have an emergency fund you are in danger of losing everything. This is a point that I have been making over and over again for years, and in an article about this new survey USA Today made this point very strongly as well…
As the publisher of The Economic Collapse Blog, people are constantly asking me what they should do to get prepared for what is coming. The number one thing that I always suggest is to build up an emergency fund. In a chaotic situation it is always hard to anticipate accurately what is going to happen, but without a doubt we are all going to need to continue to pay our bills and to buy things for our families during the next crisis. Yes, someday the U.S. dollar will become rather worthless, but until that happens you are going to need to continue to put a roof over the heads of your family and to put food on the table. And you are going to need money to do those things. Some time ago, the Federal Reserve also found that a large percentage of Americans are living on the edge of financial disaster. They discovered that 47 percent of all Americans could not even come up with $400 to pay for an unexpected emergency room visit without borrowing the money or selling something that they own. If you can’t even come up with $400 you are really hurting, but that is the status of about half the country these days. We are continually being told that the economy is strong, but that is simply not the truth. In fact, it turns out that the period from 2005 to 2015 was the worst period for per capita real GDP growth in modern American history. The following comes from Zero Hedge…
And as I repeat over and over, Barack Obama is on track to be the one and only president in all of American history to never have a single year when the economy grew by at least 3 percent, and he has had eight years to try to accomplish that feat. Why doesn’t Donald Trump ever bring up that amazing fact? I would think that he could get a lot of mileage out of that number. At this point, nobody can deny that the middle class is shrinking. 61 percent of all Americans lived in middle class households in 1971, but now the middle class makes up a minority of the population for the very first time in our history. Back in 1970, the middle class brought home approximately 62 percent of all income, but today that figure has plummeted to just 43 percent. Those that are still doing well often dismiss those that are struggling by barking out such phrases as “get a job”, but the truth is that getting a good job is not so easy these days. The most recent statistics show that there are 7.9 million Americans that are considered to be officially unemployed. When you add that number to the 94.1 million working age Americans that are considered to be “not in the labor force”, you get a grand total of 102 million working age Americans that do not have a job right now. And just because you do have a job does not mean that everything is okay. As I have discussed previously, 51 percent of all U.S. workers make less than $30,000 a year according to the Social Security Administration. Everywhere you look things seem to be getting worse and not better. Not too long ago I documented the explosion of tent cities all over the country as poverty continues to rise, and I discussed how one study found that some young women in our impoverished inner cities are so desperate that they are actually trading sex for food. Sadly, it isn’t just a few hard cases that we are talking about. Even in areas of the country that are supposed to be “doing well” we are seeing record-setting poverty numbers. For example, it was recently reported that the number of New Yorkers sleeping in homeless shelters just set a brand new all-time high, and the number of New York families permanently living in homeless shelters is up 60 percent over the past five years. If things are this bad during an “economic recovery”, what are they going to look like once the economy really starts imploding? And considering the fact that almost 70 percent of the population has virtually no savings, could our nation handle an extended economic downturn that may be even worse than what we experienced in 2008 and 2009? As a nation we truly are living on the edge, and it isn’t going to take very much at all to push us into oblivion. |
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