Jim Rickards: The “Golden Solution” To America’s Debt Crisis

The Golden Solution To America’s Debt Crisis:

Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade.

And it looks like annual deficits will be at the trillion dollar level sooner than later when projected spending is factored in.

Basically, the United States is going broke.

I don’t say that to be hyperbolic. I’m not looking to scare people or attract attention to myself. It’s just an honest assessment, based on the numbers.

Now, a $20 trillion debt would be fine if we had a $50 trillion economy.

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“Worst Possible Choice For US Economy” – Peter Schiff Slams Plan To Repeal Debt-Ceiling

“Worst Possible Choice For US Economy” – Peter Schiff Slams Plan To Repeal Debt-Ceiling:

Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.) On the other side of the aisle Democrats would rail that the ceiling must be raised “because America always pays her bills.” Lost was the irony that “paying” bills with borrowed money was fiscally responsible, and that raising the ceiling actually enabled America to continue to avoid paying its bills. After these amateur theatrics, the ceiling would be lifted and Washington would go on as if nothing happened. But at least the performance threw occasional light on the nation’s debt problems.

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Fed Vice Chair Stan Fischer Unexpectedly Resigns “For Personal Reasons”

Fed Vice Chair Stan Fischer Unexpectedly Resigns “For Personal Reasons”:

Federal Reserve Vice Chairman Stanley Fischer has announces his decision to step down effective October 13 (Friday). The vice chair cites personal reasons in letter of resignation to President Donald Trump.

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Americans are Rapidly Descending Into Madness

Americans are Rapidly Descending Into Madness:

I don’t live in an echo chamber, partly because there aren’t enough people out there who think like me, but also because I constantly and intentionally attempt to challenge my worldview by reading stuff from all over the political map. I ingest as much as I can from a wide variety of intelligent sources, picking and choosing what makes sense to me, and then synthesizing it the best I can.

Though I’m certainly grounded in certain key principles, my perspective on specific issues remains malleable as I take in additional information and perspectives. I try to accept and acknowledge my own ignorance and view life as a journey of constant mental, emotionally and spiritual growth. If I’m not growing my capacity in all of those realms until the day I die, I’m doing it wrong. Life should be seen as a battle against one’s own ignorance, as opposed to an obsession with the ignorance of others. You can’t legislate morality, nor can you legislate wisdom. The only way the world will improve on a long-term sustainable basis is if more of us get wise. That’s a personal journey and it’s our individual duty to accept it.

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RIP Jim Marrs (Author, Researcher, 1943 – 2017) – The Rise Of The 4th Reich: The Nazification Of America – (Videos)

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Central Banks Prepare for End of the Dollar – G. Edward Griffin Interview (Video)

Sadly, Eustace Mullins isn’t among us anymore.

You bet he would be much better informed about Trump’s Rothschild/Khazarian/Illuminati connections.

Trump is the swamp.

H/t reader squodgy:

“Edward G Griffin was THE man to put the CREATURE FROM JECKYLL ISLAND out in public.
The ‘creature’ is THE FEDERAL RESERVE, which is a privately owned Corporation sold to the public as a National Banking System.
Here is his take on the future.”

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Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working

Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working:

“It’s an economic issue. It has economic implications, but it’s a whole lot more than that…There seems to be a clear indication or a clear connection between [opioid abuse] and the ability to go to a job,”

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Crazy Fed Cartoons From 1912 Versus Today

Crazy Fed Cartoons From 1912 Versus Today:

Inquiring minds may be wondering what economic cartoons from 1912 looked like. I can help.

Flash Forward to Today

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Deutsche Bank: The Fed Has Created “Universal Basic Income For The Rich” And Now It Can’t Get Out

Deutsche: The Fed Has Created “Universal Basic Income For The Rich” And Now It Can’t Get Out:

“The accommodation and QE have acted as a free insurance policy for the owners of risk, which, given the demographics of stock market participation, in effect has functioned as universal basic income for the rich. It is not difficult to see how disruptive unwind of stimulus could become. Clearly, in this context risk has become a binding constraint”

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40% Of The Fed’s Interest On Excess Reserves Is Paid To Foreign Banks

40% Of The Fed’s Interest On Excess Reserves Is Paid To Foreign Banks:

Now that Congress is finally scrutinizing the $4.5 trillion elephant in the room, it may be interested to know that approximately 40%, or $838 billion in reserves parked at the Fed belong to foreign banks. This means that the Fed is giving a $10 billion (and rising) annualized subsidy to non-US banks every year.

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Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable

Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable:

“Let me state in the strongest possible terms that I agree” the U.S. federal debt trend is unsustainable, may hurt productivity, and living standards of Americans.

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The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious

The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious:

I have written on the subject of the Federal Reserve’s deliberate sabotage of the U.S. economy many times in the past. In fact, I even once referred to the Fed as an “economic suicide bomber.” I still believe the label fits perfectly, and the Fed’s recent actions I think directly confirm my accusations.

Back in 2015, when I predicted that the central bankers would shift gears dramatically into a program of consistent interest rate hikes and that they would begin cutting off stimulus to the U.S. financial sector and more specifically stock markets, almost no one wanted to hear it. The crowd-think at that time was that the Fed would inevitably move to negative interest rates, and that raising rates was simply “impossible.”

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Ron Paul: “We Must Declare Independence”

We Must Declare Independence:

By Ron Paul.

As Independence Day comes around again we should spend a few moments between barbecue and fireworks to think about the meaning of independence. The colonists who rebelled against the British Crown were, among other things, unhappy about taxation. Yet, as economist Gary North points out, the total burden of British imperial taxation was about one-to-two percent of national income.

Some 241 years later, Washington claims more of our money as its own than King George could have ever imagined. What do we get in this bargain? We get a federal government larger and more oppressive than before 1776, a government that increasingly views us as the enemy.

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The Silence Is Deafening, Indicators Point To An Event On The Horizon

The Silence Is Deafening, Indicators Point To An Event On The Horizon- Episode 1319

H/t reader squodgy:

“The creature from Jeckyll Island is coming…”

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