I gave a 45-minute presentation on Yield Purchasing Power at American Institute for Economic Research in Great Barrington, MA on October 14, 2016. I am grateful to the Institute for recording video of my presentation plus extended Q&A.
Let's face it - lots of stuff no longer works very well. As costs rise, globalization supplies defective, pirated parts, and fewer people care due to burn-out, more and more of everyday life falls into the category of "no longer works very well." Every one of those things that no longer works well offers an opportunity for a self-motivated person to fix someone else's problem...
If you already thought the Executive Order system falls somewhere between problematic and completely unconstitutional, this takes it to a whole new, never before seen level of corruption. Thanks to all the leaks, America now knows our government is essentially one giant pay-for-play operation. That’s how it works.
Unaffected by elections. Unaltered by populist movements. Beyond the reach of the law. Say hello to America’s shadow government. A corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country, this shadow government represents the hidden face of a government that has no respect for the freedom of its citizenry.
China Oceanwide Holdings, a Chinese financial conglomerate, agreed to buy US insurer Genworth Financial for $2.7 billion in cash, a 4% premium to closing, and pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.
China may have decided to strike first, not by intervening, rather, by something more innocuous, but just as devastating: By standing on the sidelines. We're afraid we shall find out much sooner than many imagine...
If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.
With just over 2 weeks to go until the election, today Wikileaks continued its ongoing Podesta files dump when it unveiled another 708 emails in Part 16, bringing the total emails released to 26,803 total emails, or more than half of the 50,000 email set for release.
TRUMP has already won the information war - he has exposed in a mainstream platform the corruption and hypocrisy of the haves that run the world. People still don't know why money is worthless, but if they've started asking questions - finally they will find the answers they seek.