But this gold trick could save everything…
The Treasury Is Broke Good Morning Reader, Today, we’re going to cover issues like Biden’s electric delusions, the debt ceiling debate, a stock that’s breaking out and the Fed’s hidden puppeteer. But first, Jim Rickards will give you inside information on a gold trick that could save you from a crashing economy. Let’s get into it… | | | News: Jim Rickards – "Weird Gold Trick" Could End Debt Ceiling Showdown The government can shuck and jive and scrape the bottom of the barrel, but the bottom line is there comes a time when the Treasury is actually broke. That’s the X-Date. And the X-Date could be June 1, just three weeks away. The source for this date is Treasury Secretary Janet Yellen. Of course, Yellen cannot be completely trusted. She could just be trying to scare Republicans into raising the debt ceiling without getting spending cuts in return. Yellen actually doesn’t know much about fiscal policy or a number of legitimate and previously used techniques to create additional spending power for the Treasury without violating the debt ceiling. She’s really just a flunky for the White House so she says what they tell her to say. Still, there is an X-Date out there somewhere. Right now, the House of Representatives and the White House are playing a game of fiscal chicken to see who blinks first. Maybe we’ll find out the hard way when the bond market and the U.S. economy drive over a cliff. But it can all be avoided with just one simple phone call… ⇒ Read More Here | |
Politics: Dave Gonigam – Team Biden's Electric Delusions Ponder this for a moment: The U.S. military is the biggest consumer of fossil fuels on the planet. By one calculation, the military is responsible for 77–80% of the federal government's energy consumption since 2001. So, if the Biden administration intends to move the needle on Uncle Sam's carbon footprint, an electric fleet for the Postal Service isn't going to cut it. ⇒ Read More Here | |
Retirement: Sean Ring – Great (Inflation) Expectations You may not remember, but the first piece of legislation Barack "Insane" Obama signed into law in 2009 was the $787 billion stimulus package to resuscitate the economy after the 2008 Great Financial Crisis. As Uncle Miltie Friedman once said, "Nothing is so permanent as a temporary government program." That $787 billion has never been pulled out of the budget. Sean will look at the market, inflation, and this idiotic debt ceiling debate in this article… ⇒ Read More Here | |
Markets: Ray Blanco – Palantir Breaks Out Why was this report from Palantir, a data analytics company outside the S&P 500, such big news? It seems that Palantir, originally founded by Peter Thiel in 2003, is already making in demand products in a field that the likes of Google and Microsoft are only now trying to break into. Of course, that field is artificial intelligence. A subject near the center of focus for every company that is even loosely related to tech. ⇒ Read More Here | |
America: Chris Campbell – Fed's Hidden Puppeteer Most people think Powell is the big cheese at the Fed. And why wouldn't they? It's easy to assume that the most visible person in an organization holds all the power. High-profile CEOs, charismatic leaders, and influential public figures often take center stage, drawing attention and admiration for their accomplishments. However, behind every successful leader lies an often-overlooked network of individuals working diligently out of the limelight, calling the shots and shaping the direction of the organization. ⇒ Read More Here | |
That’s all for today, we’ll be back tomorrow with more of our top articles. Make sure to email us here with any questions or feedback. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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