Purchasing Power

Paul Brodsky: "Sorry, It Had To Be Said"

"Mr. Trump’s "Being There" presidency is reflecting an inconvenient truth back on a society that has, until maybe now, successfully deluded itself into believing government is functionally the glue holding society together..."

"Bitcoin Saved My Life..."

"Treating my mother’s cancer would have been very difficult without using bitcoins because my business is going bankrupt and I have a lot of debts, so bitcoins enabled me to stay afloat while our currency is collapsing."

 

House Price Bubbles 2.0 In Pictures

On a “national” basis the divergence isn’t too bad.  But, in the key cities that drive the US economy, Bubble 2.0 has blown large.  This represents significant downside, especially in the sand states, just like in Bubble 1.0.

Marc Faber: In The Age Of Cyber-Terrorism, Every Investor Must Own Gold

"...the biggest geopolitical risk for Americans today is not a conventional war but rather cyber-attacks that could take down the US power grid...In such a scenario, gold would become an irreplaceable medium of exchange. But it’s not the only reason to own gold today..."

Why Elites Are Winning The War On Cash

"The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers."

How Central Banking Increased Inequality

"The rise in income inequality over the past 30 years has to a significant extent been the product of monetary policies fueling a series of asset price bubbles. Whenever the market booms, the share of income going to those at the very top increases."

Salt, Wampum, Benjamins - Is Bitcoin Next?

"The U.S., E.U., Japan, China and Great Brittan have devalued their currencies significantly over the past ten years. The recent success of cryptocurrencies is a meaningful sign that central banker actions have not gone unnoticed by the users of traditional currencies."

"Sleepwalking Into An Even Worse Version Of The 1930's Depression"

"Governments around the world do not seem to understand the situation we are facing. In large part, this is happening because economists have built models based on their view of how the world works...We seem to be sleepwalking into an even worse version of the Depression of the 1930s."

Some Thoughts On "Long-Term Investing"

Investing just for the sake of having your money in the stock market is a fools bet. As the old adage goes: “If you are sitting at a poker table and can’t figure out who the pigeon is…it is probably you.”

Steve H. Hanke's picture

With WTI currently sitting just shy of $50/bbl, it’s time to ask, why Hall and I got the oil-price bounce-back right, but were too bullish on the trajectory of prices? To answer the question, I recently re-ran (read: re-calibrated) my oil-gold ratio model.