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
An 11-year monetary experiment is coming to an end in failure. No one knows what happens next, but the need to position portfolios to preserve wealth has never been greater. The experiment began in the midst of the financial panic of 2008 when the Fed began printing money under a program called “quantitative easing,” or
John Maynard Keynes was famous for the idea that in a liquidity trap where individuals and companies refused to spend or invest and hoarded cash, it was the responsibility of government to stimulate the economy by deficit spending. Keynes’ ideas have some merit in a situation where the government is not heavily indebted to begin
One of the oldest sayings in economics is, “There’s no such thing as a free lunch.” The point is that even if a lunch appears to be free, you’re paying for it in some hidden way such as reciprocal obligations, higher contract prices or some moral obligation to do business. Of course, the principle is
The article above explains how Elizabeth Warren is out to impose a wealth tax on property in addition to raising income taxes. This article explains how even the wealth tax proposal is just the tip of the spear. Warren has an even more radical hidden agenda to destroy the wealthy as a class in the same way
Presidential candidate Elizabeth Warren is not satisfied with the proposal to raise individual income tax top rates to the 70–90% range. She has an even more radical idea as reported in this article. She wants to tax your wealth. Income taxes have always been a slippery source of revenue for governments. Back in the 1950s
They’re at it again. The same publications and pundits who said Hillary Clinton had a greater than 90% chance of winning in 2016 and were preparing magazine covers about the cultural and historic significance of our first female president are now busy proclaiming that a Democratic president in 2020 is inevitable and Trump has no
