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Inflation

01/22/2019 / By Tracey Watson

Reminder from Venezuela: Inflation is not a natural disaster; it is a man made catastrophe that’s entirely avoidable

Back in February of 1973, inflation in Venezuela was at a respectable 3.22 percent. Those days are long, long gone, however. According to TradingEconomics.com, consumer prices jumped by a staggering 1.3 million percent in Venezuela over the past year. The country is in an absolute economic freefall which at this point looks completely irreversible. Interestingly, […]

09/18/2018 / By Tracey Watson

40% of retail stores in Venezuela go bankrupt as government mandates massive minimum wage hike that no employer can afford

Just when it seems like things cannot possibly get any worse in Venezuela, they somehow do. A combination of rampant corruption, failed socialist policies, and the 2014 fall in the oil price have already left this formerly wealthy country reeling, pushing it right over the edge financially. At the end of July, Venezuela’s annual inflation […]

06/12/2018 / By News Editors

Inflation: Your role as a milk cow

Traditionally, inflation has been defined as “an increase in the amount of currency in circulation.” Such an increase almost always causes an increase in the cost of goods and services, since, more plentiful currency units lowers their rarity, as compared to the supply of goods and services, which remains roughly the same. Therefore, it shouldn’t […]

05/21/2018 / By Lance D Johnson

Global debt is now a whopping $164 trillion; former chairman of the Federal Reserve says “there is a zero probability of default”

Alan Greenspan, former chairman of the Federal Reserve Bank, admits that the current system of runaway debt cannot be stopped and there is no way to default on the debt because the Federal Reserve can always print more money and increase the national debt, “guaranteeing” treasury bonds that can never mathematically be paid back, which […]

05/21/2018 / By Tracey Watson

In less than 20 years, the U.S. dollar has lost 80% of its value vs. REAL money (gold)

For those among us who feel safe and secure – perhaps even a little smug – about the value of the U.S. dollar, convinced that a Venezuela-type crash of the currency could never happen in the United States, this article is sure to come as a shock. Gold Switzerland recently reported that in the two […]

01/20/2018 / By JD Heyes

Economic forecaster Peter Schiff warns of impending collapse: “Everything that can go wrong will”

The stock market hit new highs again this week with the Dow Jones Industrial Average finishing at about 26,000 and the NASDAQ climbing above 7,200. Many have said this is the new normal in the Trump era, as Congress’ tax cuts kick in and the president’s rules-and-regulations cutting begin to loosen the noose that had been […]

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