Retirement Lifestyle Advocates
The current level of money creation is completely unsustainable. History teaches us that money printing always ends badly and the end of the cycle sees money printing occurring in exponentially greater amounts.
The December “You May Not Know Report”, to hit the mailboxes of clients and subscribers in a couple of weeks or so, is a forecast issue titled “Capitalizing on Uncertainty”. There is certainly no shortage of uncertainty at the present time. This week, we’ll give you a brief preview of the December paper-and-ink newsletter.
The World Economic Forum, a group of world elites, meets each year in Davos, Switzerland to discuss and purportedly solve the problems facing the world. The Great Reset is an openly stated goal of this group.
With the US election still dominating headlines, we scoured the news this past week and found some stories we thought we’d share and ponder.
The US Election is not yet “in the books” as we write this issue of “Portfolio Watch”, nor do we expect it to be anytime soon.
Our topic for this week is debt. It's important to measure and monitor the amount of debt that exists in the private sector and compare it to the level of production occurring. It is this trend that impacts the economy more directly than public debt accumulation and money creation.
In this week’s “Portfolio Watch”, we’ll dig into some major and rather rapidly developing stories relating to currencies.
These stories have gone largely unnoticed given all the other news stories circulating; however, there are still some true journalists that exist and report on stories that could have a major effect on the lives of everyday Americans.
We’ll begin with our forecast from earlier this year that at least 1/3rd of colleges and universities would close within five years. While COVID has impacted enrollment at institutions of higher learning, problems existed in the higher education world prior to the lockdowns imposed in response to COVID.
In this week’s “Portfolio Watch”, we’ll provide a currency update. Every day that passes we are seeing changes in this area. Given the rest of the news and the tendency of the mainstream media to report with bias, many of these changes have gone largely unreported and consequently unnoticed.
Last week in the markets was the polar opposite of the prior week. All markets, with the exception of the US Dollar and the US Treasury long bond, were higher. JP Morgan Chase agreed to pay $920 million to settle civil and criminal charges after Federal agencies alleged the firm made fake trades in the precious metals markets. And China has declared a policy of reducing her dollar investments in US Treasury bonds and is selling her dollars to buy commodities.