RSSCategory: Category: Economy

Capital Controls May Be Coming to the US

Those who hoped President Trump would tone down his protectionist rhetoric will be unnerved six weeks into his tenure. From his meeting with business CEOs, Trump has put trade “front and center.” So far, all is going well for the president. Markets are inching higher, and inflationary forces have picked up. However, bringing back jobs and reducing the trade deficit will be a tougher task. (although jobs have set historic gains already) A Victim of His Own Success  Trump’s election unleashed the “animal spirits” that have been absent post-financial crisis. On the surface, this is good for the economy. The US is currently the only major country raising interest rates and enjoying […]

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Michael Pento Exclusive: Markets Have Priced in Trump Getting EVERYTHING He Wants… What If He Doesn’t?

Michael Pento Exclusive: Markets Have Priced in Trump Getting EVERYTHING He Wants… What If He Doesn’t?

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast. Michael, it’s great to have you on with us again, and thanks so much for joining us today. Welcome back. Michael Pento: Thanks for having me back on […]

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Sound Money Is Rising at the State Level

Sound Money Is Rising at the State Level

Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real. Bills calling for the elimination of capital gains taxes on money, i.e. precious metals, have recently been introduced in both Idaho and Arizona. Money Metals Exchange president Stefan Gleason testified at the hearing and pointed out that “by taxing so-called gains on exchanging precious metals for devalued Federal […]

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Stock Market Highs Make Strong Case for Precious Metal Buys

| February 1, 2017 | Category: Economy
Stock Market Highs Make Strong Case for Precious Metal Buys

Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration. Trump told ABC News he was “very honored” that the stock market gave his presidency a symbolic vote of confidence. “Now we have to go up, up, up. We don’t want it to stay there,” he said. Everyone loves a bull market. Expecting stocks to go up forever, however, is a dangerous mindset to have as an investor. Recent history suggests that major milestones for the Dow should be viewed less as cause for celebration and more as warning signs. What 1999 Can Teach […]

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Trump’s Trade Policy to Drive Price Inflation and Gold Buying

| January 30, 2017 | Category: Economy
Trump’s Trade Policy to Drive Price Inflation and Gold Buying

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president’s plan to make Mexico “pay” for the border wall, if he is successful in getting Congress to impose a hefty tax on imports it will mean higher prices for things. A tax on goods from China could be even more inflationary. Saying that higher import taxes are inflationary may be a statement of the obvious, but it is worth making given Trump’s recent promotion of a tax on Mexican goods. He implies Mexican exporters will “pay” for the wall by absorbing […]

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Fed Chair Janet Yellen is scheduled to hold a press conference at EST 2:30 PM on Thursday to elaborate on the economic outlook and policy statement.

| December 14, 2016 | Category: Economy
Fed Chair Janet Yellen is scheduled to hold a press conference at EST 2:30 PM on Thursday to elaborate on the economic outlook and policy statement.

The Federal Reserve will inaugurate the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook.  Fed officials have long hoped that other government policies would take the place of monetary engineering, which some believe may have lost its effectiveness in lifting economic growth. They have warned in recent weeks that any new government spending should specifically be designed to boost productivity in an economy that is already near full employment and facing a high public debt burden. As possible rate hike is already on card we see […]

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Trump World: What Happens to Your Investments Now?

Trump World: What Happens to Your Investments Now?

Donald Trump’s victory came as the first surprise for many around the world. The reaction in the markets was the second surprise. Investors got what they expected for a few hours overnight as the ballot results came in; stocks were crushed and metals spiked higher. By mid-morning on Wednesday, however, stocks were surging and metals rolled over. Now, a few days post-election, commentators and “experts” have written stories to explain the action in markets. Some of these stories may even prove true. But at this early stage, investors should recognize that markets mostly reflect hopes, fears, and high frequency trading shenanigans. Reality tends to arrive later. All eyes are focused […]

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Gold Is a Safe Bet No Matter What the Fed Will Do

| November 10, 2016 | Category: Economy
Gold Is a Safe Bet No Matter What the Fed Will Do

By Olivier Garret Gold prices have dropped from $1,340 an ounce in September to as low as $1,250 late last week. This is largely due to forecasts of a rate hike by the US Federal Reserve. But the sharp drop in gold began to reverse on Monday. The price rose by more than $25 in just three trading days. Most gold analysts say the main reason for the bounce is reaction to comments made by Yellen last Friday. Judging from what Fed Chair Janet Yellen said last week, gold is likely to move up no matter what the US economy does. Fed Chair Yellen highlights plans for “high-pressure economy” In […]

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Fed Chair Yellen’s Plan B: “Intervene Directly” in Stock Market

Fed Chair Yellen’s Plan B: “Intervene Directly” in Stock Market

October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008. Are we due for another one? Perhaps. Some analysts think it will come after the election. Others think the stock market will stay elevated until the Federal Reserve raises rates. The Fed will be out of the picture this month – at least as far as policy decisions are concerned. The Fed won’t convene another policy meeting until November 1-2. Most Fed watchers expect the central bank to avoid making any rate moves so close to the […]

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The Coming Dollar Collapse “Americans Still Have Time To Prepare”

I found this video and wanted to share with everyone. The video is a year old? However the problem represented in this video is still very current and upon us. Great source of information. I’m interested to know your thoughts. Video was published by MoneyBags73.

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Zika, ZIRP, and NIRP Viruses

Zika, ZIRP, and NIRP Viruses

The Zika virus is the newest threat to humanity, especially pregnant women, so they say. Big Pharma is working feverishly to create a vaccine. Chances are the vaccine will be created, highly profitable, and Big Pharma will be “held harmless” for injuries to those who were vaccinated. Add GM mosquitoes, birth defects, Brazilian Olympics, big profits, and the story becomes a huge distraction. John Rappoport has suggested there is more to the story.   There is money to be made on vaccines and GM mosquitos, and money to be lost if sales of pesticides and other chemicals are reduced. It is clear in which direction the politics will lean. The Zika virus should remind us of other […]

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Jim Rickards: What Will The Fed Decide in 2016?

| November 12, 2015 | Category: Economy
Jim Rickards: What Will The Fed Decide in 2016?

The Fed’s next move will be towards ease because of the weakness in the US economy. However, it would not happen right away, I expect it in the first quarter of 2016, so perhaps in March or April of 2016 I think the Fed will give some kind of easing. What happened in the last 30 days is exactly what we were expecting, but I think it’s come as a shock to them, because their forecasting models are different. And so they’re beginning to wake up to the fact that we’re going to a global depression and growth depression. But now the Fed is waking up to that, they don’t do anything quickly, it’s going to take a few months to digest all of this, they’re going to hope that things bounce back, but I don’t think that they will. Finally, I expect them by maybe the end of the first quarter of 2016 to ease.

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Another Day Older and Deeper in Debt

| November 5, 2015 | Category: Economy
Another Day Older and Deeper in Debt

Debt overwhelms most people in debt based fiat currency economies. Credit cards, auto loans, student loans, mortgages, and more … Debt overwhelms most governments in debt based fiat currency economies. They are in debt because governments spend more than their revenues, which is a truly simple concept. However, don’t expect fiscal sanity to return anytime soon.

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Countdown To The Debt Ceiling Deadline

| October 26, 2015 | Category: Economy
Countdown To The Debt Ceiling Deadline

The Treasury Department declared a debt ceiling deadline of November 3rd. Outgoing House Speaker John Boehner will try to push through a debt increase before his scheduled departure on Friday (when he’ll likely hand over the gavel to Paul Ryan). If Congress can’t come to an agreement this week, markets could get rattled on the looming possibility of a U.S. default.

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