Wars are raging all over the world, yet relatively few are traditional shooting wars. Most are financial wars involving banks, payment systems, capital markets and gold. The latest example of a financial war is described in this article. The U.S. is in a complicated financial war with Venezuela. The U.S. has placed an embargo on
What’s the safest way to store physical gold bullion? Most investors would say that the safest place is in a bank vault. Most would agree that the one place safer than a bank vault would be a central bank vault. What could be safer? As this article shows, both answers are incorrect. Banks are controlled by the government. Central
Conventional wisdom says that ease by the Federal Reserve is good for business and tightening by the Fed is a head wind for business. But there’s nothing conventional about the financial environment we’re living in today. The fact is raising rates may be a positive if business is thriving, growth is strong and companies are
In recent weeks, I have distributed articles describing plans by Democratic presidential hopefuls Elizabeth Warren, Kamala Harris and Bernie Sanders to increase income taxes to 70% or even 90% on the rich, impose “wealth taxes” on their net worth and impose estate taxes that are equally onerous when they die. The result would be that
My views on the cryptocurrency market are fairly well known. I’ve been in one crypto debate after another for the past six years. Most of these have been crypto versus gold, but not all. In order not to lose these debates, I had to become an expert in cryptos so I didn’t get run over
