The Mainstream media continues to delude the public into believing cheap shale oil production will make the United States energy independent. We now see articles suggesting that Americans will no longer need to rely upon the Middle East or OPEC for our future oil supply when all we need to…
The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME. Americans who have invested…
There will be very few assets worth owning when the “Energy Collapse” begins in earnest. Precious metals will be one of the few assets that will protect wealth as the U.S. and global oil industry disintegrates. I had the pleasure of being interviewed by Doug and Joe Hagmann about the…
Currencies all over the world experience periods of hyperinflation quite frequently. In this post I revisit the last 100 years of currency changes and conversions in Central Europe. The sheer volume of currency manipulation by these European governments will make your head spin.
Mexico’s state oil company, Pemex, is a perfect example of the ongoing collapse in the global oil industry. Falling oil prices and declining production are putting severe pressure on the company’s financial balance sheet. It has been four long years since Pemex posted a small profit. However, since 2012, Pemex…
With the Trump euphoria pushing the broader markets to new all-time highs, it has impacted precious metals demand considerably… especially in February. Precious metals investors believing the White House “Grandiose plans”, of making American great again, have cut back seriously on their precious metals buying. There seems to be a…