Thu, 14 September 2017
Danielle had an interesting article on her site written by CNBC anchor Steve Sedgwick. He explores the concept of the Spend Now, Pay Never attitude that has swept the UK (and the US as well). Millions have leased shiny new cars and will never own them. They'll never be paid off. This is a symptom of declining savings rates in many countries. Interesting turn of events. This story closely correlates with the fact that most of us concerning our personal finance, as in life, are our own worst enemies. We engage in long-term destructive behaviors for the sake of a short pleasure. In addition, we then look to correct a life time of failed financial planning by upping our appetite for risk, while being cheered on by the financial industry. A recipe for disaster. |
Thu, 14 September 2017
Peter Schiff joined us to discuss the latest developments in the economic landscape. Contrary to MSM opinion, the crash of 2008 was only a precursor to what's coming next. And unlike Hurricanes Harvey and Irma, there's no hiding from it. When it hits, not if, the devastation to the financial system will be the equivalent of a Cat 5 making a direct hit on Wall Street. Time to prepare now before it's too late. Gold, silver but not Bitcoin as it's not worth the paper it's not printed on. |
Thu, 14 September 2017
Things are getting back to normal in storm ravaged Florida. Lights are back on. It's amazing how you can take something for granted like electric and the modern conveniences of life and then all of a sudden they're gone. Try driving through a major intersection with no traffic lights if you don't believe me. We all need to be more appreciative and thankful for the gifts we've been given. Fortunately Florida has followed the Houston model instead of the New Orleans example. There's mass looting, people haven't gone native, even in the worse neighborhoods. Government to its credit has done a good job of keeping things together. But this is a short term disaster and by the end of the week will just be a memory. Look at it as an opportunity to test out your prepping plan. Gold is holding strong. Silver down a little. We're getting close to Eric Hadik's golden year 2018. Comrade de Blasio set to win reelection despite being universally despised for his stupidity and complete lack of self-awareness. |
