In October, the US government will be unable to pay it bills if Congress does not raise the debt ceiling. The debt ceiling is the legal cap that Congress sets on the amount that the Treasury can borrow. Since 1960, the debt ceiling has been raised 78 times. During Donald Trump’s presidency, the ceiling was
David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns. Other nuggets gleaned from this video: ** Joy Rides never end well; ** World equities markets have topped $100 trillion; ** Earnings collapsed 30% in 2020, yet stocks
. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around
TAKE ADVANTAGE OF THIS OPPORTUNITY When I originally posted this, gold was at $1906 and silver $24.54. Now, they are at $1870 and $23.42, not big dips but slightly better buys. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under
. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident.
Gold and silver prices have exploded. Gold’s up $390 since its March low, silver up $10.60. Silver’s gain is 87% versus gold’s 26%. This is what was supposed to happen being that the GSR (gold silver price ratio) topped 100. Silver has still more catching up to do.
I read many articles and newsletters about topics that may affect the gold/silver markets. The one I never miss is David Stockman’s Contra Corner. Stockman was Budget Director during Ronald Reagan’s first term. Below is the start of his blog post for Thursday, December 19, 2019. “The Turbulent Twenties begin 13 days from now. It
2019 was a solid year for precious metals, with gold up $231 (18.5%) and silver up $2.40 (16.4%) since this time last year. Still, not much attention has been paid to the metals on the financial networks.
Few Americans are aware that our federal government does not have a limit on how much money it can spend. It was not always that way. Prior to 1939, Congress had to approve every purchase made by the Treasury. It was then that Congress imposed a debt ceiling, which was watched closely by all. Fiscal
There are lots of reasons for owning gold and silver. The rising federal debt alone and a government that has abandoned fiscal responsibility could cause interest on the national debt to top $1 trillion in ten years.