Silver as an investment

Category Archives: business

America’s #1 Again (In Healthcare Costs Around The World)

While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday – no matter what; for many years now, the American healthcare system has been flawed. As Statista's Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and […]

China’s Largest Dairy Operator Suddenly Crashes 90% To Record Low, Muddy Waters Says “Worth Close To Zero”

In December 2016, Muddy Waters’ Carson Block said China’s largest dairy farm operator, Hong-Kong listed China Huishan Dairy Holdings Co., is “worth close to zero” and questioned its profitability in a report. Today, with no catalyst, it suddenly almost is. The stock collapsed over 90% in minutes to a record low. The sudden crash wiped […]

SNB Spent $68 Billion On Currency Manipulation In 2016

While Donald Trump has repeatedly expressed his displeasure with China for manipulating its currency, he appears to have recently figured out that over the past 2 years Beijing has been spending hundreds of billions in dollar to strengthen, not weaken, the Yuan and to halt the ~$1 trillion in capital flight from China. But while […]

Death & Taxes… And Debt

Nothing in this world is certain, except death and taxes… and $62,000 debt. According to December 2016 data provided to Credit.com by credit bureau Experian, 73% of consumers had outstanding debt when they were reported as dead. Those consumers carried an average total balance of $61,554, including mortgage debt. Without home loans, the average balance […]

A New Trend Emerges – Digital Gold “Gifting” Gains Popularity In China

Authored by Mike Krieger via Liberty Blitzkrieg blog, I rarely write about gold these days, but the following from Reuters caught my attention. BEIJING/SHANGHAI, March 7, China’s virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity: […]

Ford Warns “Used Car Prices Will Drop For Years”

Earlier this morning we noted Ford’s “CFO Let’s Chat” meeting with analysts before which Ford announced weak 1Q adj. EPS guidance of 30c-35c, coming in well below analyst estimates of 47c, which they blamed on higher costs, lower volume & unfavorable exchange rates.  With the call now concluded, here are a couple of the key […]

The “Retail Apocalypse” Is Officially Descending Upon America

Authored by Carey Wedler via TheAntiMedia.org, Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated “retail apocalypse." BI reports that over the next couple months, more than 3,500 stores are expected to close: “Department stores like JCPenney, Macy’s, Sears, and Kmart […]

Pentagon Denies Trying To Shelve Study That Found $125 Billion In Waste

The Defense Department on Tuesday denied it tried to quash a 2015 study that found it could save $125 billion in noncombat administrative programs but admitted it has so far only found a small fraction of those savings. As Stars and Stripes' Travis Tritten reports (via Military.com), the department hopes to save $7.9 billion during […]

The American Dream: An Endangered Ethos

Authored by Danielle DiMartino Booth via MoneyStrong.com, Few words are slipperier than ‘ethos’ to grasp. Even the best translation of the word – essence – is hard to get your arms around. Perhaps that is why so many of us were blissfully unaware until recently that the very essence of the American Dream was slipping through […]

Will Sean Spicer Announce A Delay On The Vote During Today’s Presser? – Live Feed

After The Fredom Caucus meeting failed to reach agreement, it would seem tonight’s healthcare reform vote is in jeopardy. Will Sean Spicer announce it in today’s press conference? *SPICER: TRUMP HAS BEEN ON PHONE WITH `SCORES’ OF LAWMAKERS   Live Feed: