In the early 1960s 19.5% of Americans lived on less than $9,269 per year (in 2017-dollars). Today only 2.3% do.

by NineteenEighty9   Here’s a link to the paper from the national bureau of economic research, it’s a very interesting read imo. We evaluate progress in President’s Johnson’s War on Poverty. We do so relative to the scientifically arbitrary but policy relevant 20 percent baseline poverty rate he established for 1963. No existing poverty measure fully captures … Read more

Winter Is Coming: Could Be A Mild Recession, But More Likely Complete And Total Economic Collapse!

Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the Silver Doctors YouTube Channel if needed: https://www.youtube.com/silverdoctors Have you been seeing the signs of a business cycle top and approaching … Read more

Why You Should Prepare for Another Credit Crisis

via deflation: Credit card companies are taking steps to protect themselves against the next financial downturn. The November Elliott Wave Financial Forecast showed this chart and noted: This chart shows that the spread between the average credit card rate and the three-month U.S. T-bill yield hit 15.08 in July, surpassing the peak level in the aftermath of the … Read more

Finally some extreme greed

Finally some extreme greed https://t.co/a1pVw2obsW — The Market Ear (@themarketear) December 16, 2019 Growth stock valuations back at Dot Com levels, stock indices up 28-35% and some sectors up 55% despite flat or neg earnings in '19. But no bubbles again says the Fed🤔🌋🧨🎉 #DefinitionofInsanity #💉QE💉@RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic @EricRosengren pic.twitter.com/6wvnsX89GY — M/1_LP (@MI_Investments) December … Read more

Trump Orders US Army To Secure Reliable Rare Earths Supply From Non-China Sources

by Jason Burack via Wall St For Main St The U.S. Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters. The move would mark the first financial investment … Read more

Harvard Trained Economist: The Great Boomer Migration

by Harry Dent via Economy & Markets Years ago, I had to adjust my real estate model for di-ers, as homes last near forever and di-ers are forced sellers that can overwhelm and offset the younger peak buyers into age 42-43 in recent years. That’s why Japan’s real estate bust never boomed again and is still scraping the bottom 28 … Read more

THE DEBT BUBBLE IS POPPING NOW Mash

The real depression never really ended, the FED infused banks poured $ trillions into the markets creating a bubble along with cheap monies borrowed by corporations to buy back stocks. No helicopter monies, the trump tax cuts really helped the upper classes. These big banks also increased their derivative exposure which is highly vulnerable now … Read more

Josh Bernstein: Record Breaking Numbers From ICE You Won’t Hear Reported On CNN Or MSNBC

At every single turn President Trump has been obstructed on securing our border. From withholding funding, to filing lawsuits, to being temporarily blocked by activist left wing judges. But like everything else the left does to stop him they fail. Not only is he building the wall, but these numbers being reported coming out of … Read more

VA – another hot mess shaping up

by Chris /Loudspeaker squawks to life/ “Paging Robbie and other VA residents…you are wanted at the front page.” Well, this is getting serious. Here’s the story: ‘The law is the law’: Virginia Democrats float prosecution and National Guard deployment if police don’t enforce gun control December 11, 2019 Democratic lawmakers on Capitol Hill say local police … Read more

Are we in a crisis? Central bank behavior is absolutely bizarre.

Are we in a #crisis? Central bank behavior is absolutely bizarre. pic.twitter.com/8dExik7PdB — Jack (@JackPScott) December 16, 2019 The #Fed is engaged in the biggest emergency operation in the fin. markets since 2008, but the financial media is almost completely silent. Wtf? Feels like investors and ordinary citizens are treated like sheeps taken to the … Read more

Trump Retweeted That The FBI Is A Criminal Organization!

Steph @steph93065 This is Richard Jewell. Listen to him. President Trump could read the same statement. The @FBI & their media partners are criminal organization under the guise of “keeping us safe” They are tyrants and it isn’t new. https://twitter.com/steph93065/status/1204960786013024257 Trump tweet Wow! https://t.co/gYGUEKpGac — Donald J. Trump (@realDonaldTrump) December 16, 2019   AC