By Egon von Greyerz I wrote the article with the above title in February 2019. The projection that the Dow could lose 98% in real terms (GOLD) is today even more likely, creating the biggest wealth transfer in history. Since …
Real estate represents >50% of global “wealth”, and it is therefore such an important driver for the business cycle. The Fed is telling you they want the housing market to slow down. Paying attention to the elephant in the room …
Any global crisis creates a period of uncertainty, not just for the people in affected countries, but also for the rest of the world. The effect of any crisis can be felt even in the world of finance, as if …
Elon Musk, the only billionaire who still exceeded that threshold heading into this week, saw his wealth tumble by $13.3 billion on Wednesday to $198.6 billion. Tesla Inc. shares fell for the fourth-straight day to the lowest level since September …
Wages Have Decreased by 92% Over The Last 130 Years Since the Gilded Age: View post on imgur.com You are looking at the evidence right in front of you. Admittedly the 92% figured is for the shit-hole known as LA. …
by Charles Hugh-Smith Try to find a developing-world kleptocracy in which the top few collect more than 97% of the income from capital. There aren’t any that top the USA, the world’s most extreme kleptocracy. We’re Number 1. Imagine a …
Celebrities in China can no longer post “unethical” content, the country said Tuesday. This includes content that “shows off wealth” and “extravagant pleasure,” the notice said. The move is part of the Chinese government’s crackdown on the entertainment industry and …
China has overtaken the US as the nation which has amassed the biggest net worth as global wealth surges, a fresh report by McKinsey & Co suggests. China’s wealth skyrocketed over the past two decades, the consulting company said according …
Building generational wealth should be a no-brainer, especially for people with kids. However, this is not something that most people will have in mind when starting a family. If you feel you are at that point in life when you …
by Simon Black I arrived home late last night back to Puerto Rico after a wonderful, 2-day event with our Total Access members this weekend. Luminaries like Ron Paul and Robert Kiyosaki joined me on stage, and as you can imagine, …
Imagine parking 100k in a savings account in 2021 and coming out with 70$ by year end. Even though americans are saving more, it isn’t beating out inflation. People are saving more, spending more, and making less…. ” In the …
The wealthiest 10% of Americans own a record 89% of all US stocks. https://twitter.com/NorthmanTrader/status/1450143648746770432 h/t squaremild
by Chris Martenson of Peak Prosperity The global financial system and economy are a house of cards. Built on an unsustainable underpinning to ever-increasing debt the financial system is, as far as I am concerned, irretrievably insolvent. FULL SHOW NOTES AND LINKS HERE
Article: https://www.bloomberg.com/news/articles/2021-09-16/china-tycoon-loses-28-billion-in-world-s-biggest-wealth-drop Screencapture to archive/bypass pawall h/t arteryblock
$SPX If you think the rise was EPIC wait for the FALL. pic.twitter.com/CuOW2DgHcX — The Great Martis (@great_martis) September 10, 2021 another good "zombie" market top indicator🍻 they ran out of stimulus check driven all-in calls to pump the zombies. …
https://data.bls.gov/generated_files/graphics/latest_numbers_CUUR0000SA0L1E_2014_2021_all_period_M07_pct_12mths.gif SOURCE: U.S. BUREAU OF LABOR STATISTICS With all of the inflation happening in the US, the poor and the middle class are suffering the most. As the currency continues to inflate, the majority of assets/investments tend to inflate at …
https://www.bloomberg.com/news/articles/2021-08-19/tencent-doubles-social-aid-to-15-billion-as-scrutiny-grows “The company on Wednesday announced it will give 50 billion yuan ($7.7 billion) to aid the government’s wealth redistribution efforts, adding to an April pledge of 50 billion yuan for a “sustainable social values” program. The new funds will …
Unlike the U.S., where inequality is the main driver of financial wealth, China is dead serious about fixing inequality:https://t.co/uHluDL0SsG "U.S.-Listed Chinese Stocks Have Lost Another $150 Billion In Market Value This Week As Beijing Targets ‘Excessive’ Wealth" pic.twitter.com/O37i5QXo2z — Mac10 …
by confoundedinterest17 The KC Fed Jackson Hole conference is a US policy makers’ Davos, an uber-elite US location. You would think that the KC Fed would hold their conference in Kansas City or Omaha, Nebraska as a show of support …
Via Birch Gold The Federal Reserve has targeted a 2% inflation rate for years, as though it’s a holy grail. As though 2% inflation was an economic panacea that would perfectly balance employment, business investment and bank lending. Recently, the …
Nancy Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” and much of it comes from her husband's wildly successful trading of stocks and options in companies she influences and about which she has …
OTTAWA – Jagmeet Singh says the New Democrats would tackle the country’s multi-billion deficit through the party’s long-standing promise to tax extremely wealthy Canadians and corporations. His promise came during a campaign-style stop in Windsor, Ont., to announce the party’s …
“All the early businesses we owned together have disappeared” A wonderful nugget of investing wisdom from Buffett and Munger's recent CNBC interview: All businesses eventually die. The essence of investing is to buy businesses that give us back so much …
Airlines have seen an unprecedented rise in disruptive passengers, and with reports of violence surging more generally – what’s causing this trend?
CBs have bought some $900mn worth of financial assets every hour over the past 15 month. Keep that in mind 👇H/T @themarketear pic.twitter.com/86u3C3LLsA — Menthor Q (@MenthorQpro) June 27, 2021 This just got updated 6 days ago. Heckuva job @federalreserve …
by: JD Heyes (Natural News) Democrats misname organizations and legislation because they can’t be honest with Americans about their tyrannical agenda or they would never get our support. Take, for instance, the latest attempt by a member of the party …
by Martin Armstrong In Germany during December 1922, the last straw that broke the back of the German economy was a forced loan of 10% of all your assets. This destroyed the confidence that remained in the Weimar Republic and …
by Chris Vermeulen of The Technical Traders In a market flush with cash where traders are able to use social media to target heavily shorted symbols – incredible things can, and often do happen. AMC follows GME to the heavens as retail traders …
