The U.S. is past the point of no return. Even though the system is stained with blood, it will not and it cannot self-correct. And certainly it will not through the political process, which only rearranges the deck chairs. It will have to totally collapse.
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If you want to know what America will one day look like, look no further than Venezuela. Despite sitting on some of the world’s greatest oil reserves, Venezuela’s Marxist government is collapsing. It’s not a pretty sight.
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So, on two recent adventures into the e-woods, I stumbled across 2 very interesting spreads that don’t look very good for the U.S. economy or stocks in coming months.
The post 2 worrisome spreads signaling recession? appeared first on Personal Liberty®.
I stumbled across a very interesting chart the other day. Apparently, this graph was put together by Jon Gabriel using U.S. Treasury and Congressional Budget Office data, so the numbers are about as credible as you can find (which may not be saying much).
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It looks like subprime auto loans – you know, the thing that has kept automakers on a growth binge for years now – are now defaulting at rates not seen since the worst of the financial crisis.
The post The government’s worthless numbers appeared first on Personal Liberty®.
The mainstream media has been carefully asserting the propaganda meme that the Trump Administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline, and will likely witness severe and accelerated decline over the course of the next year.
The post Irreversible damage — the U.S. economy cannot be repaired appeared first on Personal Liberty®.
I was taught by contrarians before me that when the press — especially financial press — starts talking about one thing, it’s time to look to do the opposite.
The post It pays to be a contrarian appeared first on Personal Liberty®.
For years alternative economic analysts have been warning that the “miraculous” rise in U.S. stock markets has been the symptom of wider central bank intervention, and that this will result in dire future consequences.
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There is little more destructive to the health, wealth, happiness, well-being and liberty of the populace than when the government decides to make policy to make its citizens’ lives better, protect them from crime, make their children safe or help them preserve their wealth.
The post Who’s behind the war on cash? appeared first on Personal Liberty®.
Sometimes I like to take a “bottom up” view of what’s happening in the markets… with earnings season in full swing — and the election — a couple things caught my eye that all seem to point to trouble, where the market and the economy seem to be ignoring this reality.
The post When this goes it will be fast and furious appeared first on Personal Liberty®.
When the Federal Reserve stepped in to bail out Long Term Capital Management in September 1998, many people, myself included, predicted that the bailout of LTCM would prompt other big banks to make risky investments with the certainty that the Fed would bail them out as well. Turns out we were right, as was my prediction at the time that derivatives scam would crash the world economy and take years to unravel.
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There’s been some talk on the campaign trail about the “national debt.” Mike Pence stated that the national debt has doubled under President Barack Obama. But what does the “national debt” really mean and is it something we need to worry about?
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In this central bank managed global economy, it is important to take note when major central banks start to signal that they’re shifting policy. Because that shift will signal massive changes all the way down to you.
The post Let’s get ready to rumble… appeared first on Personal Liberty®.
Our economic system is simply a confidence game. Our credit-based monetary system requires confidence to remain in a positive mode. Confidence is a perception of reality no matter what reality actually is. When money is credit, it is 100 percent confidence. Confidence in government is at an all-time low.
The post The Greatest Depression appeared first on Personal Liberty®.
I began publishing my monthly newsletter The Bob Livingston Letter™ (subscription required) in 1969. The following is the first column I wrote in the days after the September 11, 2001 attacks and […]
The post America under attack! appeared first on Personal Liberty®.
Benjamin Disraeli was one of England’s most notable prime ministers. Around the English-speaking world he may be most remembered for a funny but true statement he once made. He quipped that there were 3 types of lies: lies, damned lies and statistics. It’s the latter lie I want to focus on.
The post Lies, damned lies and statistics appeared first on Personal Liberty®.
The latest Federal Reserve meeting at Jackson Hole, Wyoming is over and so far it would seem that the general investment world is not too happy about Janet Yellen’s statements as well as those of other Fed officials. In fact, many people are looking for some simple clarity as to what the central bank is actually planning.
The post The central banks are now ready to launch their ‘brave new world’ appeared first on Personal Liberty®.
A minimum wage law is not an employment law. It is an unemployment law. It’s the eighth plank of Communism. It is a collectivist idea that all workers are equal and should be paid the same, regardless of the task they perform. It is contrary to liberty as it prohibits two parties from entering into a mutually beneficial contract. It thereby prohibits low-skilled workers from working at all.
The post Politicians hate working people appeared first on Personal Liberty®.
According to the U.S. Census Bureau, the second quarter of 2016 marked a low point in home ownership. This is at a time when we have had amazingly low interest rates for nearly a decade now, and when stocks are trading around all-time highs. Here you see the difference between an artificial economy and a real one.
The post Buckle up, it’s going to be a wild (corrupt) ride appeared first on Personal Liberty®.
We recently got the quarterly numbers for growth in the U.S. and it came in lower by half than what economists had expected. While we keep hearing that the U.S. economy is reviving, the numbers outside of Wall Street and Pennsylvania Ave. contradict this positive PR. What is the logic? There is no logic.
The post Ignoring the signs appeared first on Personal Liberty®.