Let’s briefly touch on risk. There are different types of risks, and I like to say that risk CANNOT be eliminated — only managed. Keep that in mind as we go through the types of risks. Financial Risk and Concentration: The Systemic Danger Concentration in financial systems creates elevated risk […]
“Since 1789, the United States has paid all of our bills on time,” said former Treasury Secretary Janet Yellen. “In our history, we have never defaulted on our debt or failed to pay our bills,” said President Biden’s press secretary. “… the United States has never defaulted on its debt,” […]
The BLS has come out with another huge rug-pull on its nonfarm payroll count. And also, predictably, this has triggered loud blathering from both Wall Street and the White House on behalf of exactly the wrong conclusion. To wit, we don’t need any more Fed rate cuts! And we don’t […]
International Man: The Federal Reserve recently cut interest rates. What does it signal about the current state of the US economy? Doug Casey: Let me introduce the subject with a joke. Einstein dies and goes to heaven. St. Peter greets him effusively and says, “Unfortunately, Mr. Einstein, because we’re a centrally planned […]
In today’s financial system, what many people take for granted as foundational truths are actually deeply flawed assumptions or outright deceptions. Last week, I uncovered five of the most dangerous myths in modern finance. This week, I’ll expose five more that most people still believe. Below is a breakdown of […]
President Reagan famously said that the closest thing to eternal life on this earth is a government agency. Surely that aphorism applies to the Federal RESERVE. And most especially when you put a Trumpian ALL CAPS focus on the “reserve” part of its title. That is to say, the purpose […]
The American Dream has become prohibitively expensive, with home affordability at historic lows and the traditional middle-class lifestyle now out of reach for most ordinary people. But no demographic has taken it more on the chin than young Americans. You can see it in stark terms in this week’s chart […]
International Man: Donald Trump has already deployed National Guard troops to Los Angeles and Washington, DC, and threatened to send them into more cities. Is this a legitimate use of executive power, or a dangerous escalation? Doug Casey: Once upon a time, that wouldn’t even have been a question, because the Posse Comitatus Act […]
French Emperor Napoleon III reserved a special set of aluminum cutlery for only his most honored dinner guests. Ordinary guests had to settle for gold utensils. In the mid-1800s, aluminum was rarer and more coveted than gold. As a result, aluminum bullion bars were included among France’s national treasures, and […]
International Man: The US government recently took a 15% stake in MP Materials and a 10% stake in Intel to counter China’s dominance in rare earth elements and revive the domestic semiconductor industry. Are these national security necessities, or a fundamental break from free-market capitalism? Doug Casey: First, whenever you hear the […]