We’re all familiar with the so-called reality TV shows, which really push the envelope of believability. But the one reality show that never gets mentioned is the reality of just where the US population is when it comes to their financial position.
On Monday morning one of the first things CNBC was discussing at the 7 am time slot was that a recent poll showed that in the US, 36% of the population had absolutely NO savings for retirement. None. Not a 401K, not a savings account, or even a handful of bonds they got as kids for their birthday.
One might suggest that those 36% are part of the 77 million that are in some form of credit collection situation. But it isn’t just the dismal savings rate that is a problem for us and you all know that. The problems run deep and wide, and they’re covering them over with paper. Literally folks. They’re printing up paper to jam into stocks, to hide the disgusting reality of the average American’s situation.
But all of this talk about a potential rival to the IMF and World Bank have exposed the general public's ignorance about what exactly these institutions are and what they do.
Putin has stood up to the NATO powers and hit back on sanctions against Russia with sanctions of his own. And they are meaty sanctions at that.
Don't live in one of these communities? No problem. The whole point of the online, collaborative world of today is that we can use the technologies at our fingertips to collaborate, share ideas, and spread open source know how to other people all around the globe.
For a better indication of how real, actual, physical, tangible gold is doing, we have to look at physical gold sales, and when it comes to physical gold sales there is no doubt that the East has been hungry for the yellow metal for years now.
As a number of commentators have pointed out over the course of the year, 2014 is eerily similar to 1914 in a number of ways. If this is indeed true, it would behoove us to study these similarities.
Everyone wants to be the one who called it before it happened. And so it is that we see mainstream publications finally accepting reality.
Earlier this year the total student loan debt in the United States surpassed the $1 trillion mark, leapfrogging over credit card debt and auto debt to become the second largest debt burden in the country. Only mortgage debt levels are higher.
Like common brigands, central banks have been acting outside the law – their only real excuse being the supposedly higher purpose of economic necessity, a sort of Robin Hood-type operation where the ends justify the means...
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The creator of the International Forecaster, Bob Chapman.