In the aftermath of the Dow hitting a record high, today a 50-year veteran told King World News that silver is headed to new all-time highs. He also issued a major warning. John Embry: “Eric, things must be deteriorating even more rapidly than I think and that’s hard to believe… Continue reading the John Embry interview below… John Embry continues: “Last Friday’s jobs... read more

BlackRock analysts recently gathered to update their second half 2016 outlook, and there’s not a bull in the bunch. The expert consensus centers on a few key themes for the rest of the year: low rates, low returns, policy limits, and volatility. 1. Low Interest Rates Richard Turnill, BlackRock Global Chief Investment Strategist, notes that “We are living in a low-return world,... read more

The two greatest periods of wealth inequality in the United States (the 1920s and today) have one critical element in common – there was no Glass-Steagall Act. The absence of the Glass-Steagall Act allows Wall Street banks to use the savings of small depositors across the United States to fuel risky speculation on Wall Street and create the super rich. After the Wall Street crash of 1929 and... read more

Germany became on Wednesday the second G7 nation after Japan to issue 10-year bonds with a negative yield, highlighting a willingness among investors to hold top-rated debt even as yields across the world collapse. Germany’s 10-year government bond yield turned negative for the first time at an auction, fetching the lowest average yield on record for such paper at –0.05 per cent. Ten... read more

Today top trends forecaster Gerald Celente warned we are about to witness one of the biggest gambles in world history. After weeks of downtrending equity markets following collapsing banking shares throughout Europe, the United Kingdom’s Brexit vote to exit the European Union and baskets of negative economic data… suddenly, stock markets are flying high… Yes, there was a posit... read more

Gold Is Back! It is well-known that central economic planning doesn’t work. Why should central planning of monetary policy be any different? The dilemma faced by central banks that have artificially boosted markets with low interest rates and are now striving to achieve a normalization of policy is illustrated by the following chart: Low interest rates have only created the illusion of a hea... read more

Last week I attended a wonderful conference in the university town of Tübingen, Germany, on “Debt: The First 3500 Years,” to bring ancient historians together to discuss David Graeber’s book Debt: The First 5000 Years. I was enlightened by two papers in particular. Doctoral fellow Moritz Hinsch from Berlin collected what Socrates (470-399 BC) and other Athenians wrote about debt, and... read more

The baby-boom generation consists of 76 million Americans. Currently, they are retiring at a rate of about 10,000 per day — and will continue to do so until 2030. Around that same time, the Social Security trust fund is due to run out. By the year 2034, specifically. That’s in 18 years. A lot can happen between now and then. But if Washington can’t close the gap between tax rev... read more