Silver as an investment

Category Archives: Department of the Treasury

New Trump Executive Order Targets Clinton-Linked Individuals, Lobbyists And Perhaps Uranium One

The Trump Administration quietly issued an Executive Order (EO) last Thursday which allows for the freezing of US-housed assets belonging to foreign individuals or entities deemed “serious human rights abusers,” along with government officials and executives of foreign corporations (current or former) found to have engaged in corruption – which includes the misappropriation of state assets, the expropriation of private assets for […]

US Spy Satellites Catch Chinese Ships Illegally Selling Oil To North Korea

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly showed large Chinese and North Korean ships transacting in oil in a part of the West Sea closer to China than South Korea. The satellite […]

It Begins: Pension Bailout Bill To Be Introduced This Week

Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a lifetime” by John Mauldin. The reason, in a nutshell, why […]

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

One year after the Panama Papers revealed billions in assets are held in offshore "tax haven" accounts by some of the world's most powerful and wealthy individuals, on Sunday a huge new leak of financial documents disclosed by the International Consortium of Investigative Journalists (ICIJ) – a global network that won the Pulitzer Prize this […]

Social Security Means-Testing Looms: “It’s Impossible Without A 50% Income Tax Hike”

Authored by John Mauldin via MauldinEconomics.com, The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate. Now, that’s possible; I'm inclined to haircut it […]

“You May Be Hopping Mad When You Finish Reading This”

Submitted by John Mauldin of Mauldin Economics Uncle Sam’s Unfunded Promises Here’s a surprisingly profound question: What is a promise? Dictionaries offer various definitions. I like this one: “An express assurance on which expectation is to be based.” That definition captures the two-sided nature of a promise. One party offers an assurance, which the other […]

Financial Martial Law

Authored by Chris Lowe via InternationalMan.com, Already, as an American, you are not free to spend your money as you see fit. JPMorgan Chase – the country’s biggest bank—has banned cash payments for credit card debt, mortgages, and car loans. It has also banned the storage of “any cash or coins” in safe deposit boxes. […]

In “Unprecedented Step” US Sanctions Chinese Entities With Ties To North Korea

After allegedly pressuring the Chinese government to act first and adopt sanctions against nearly 10 local entities who the US claims provided North Korea with materials used in its nuclear program, the US has decided to act.  In an unprecedented step, the Treasury Department slapped financial sanctions on two Chinese nationals and a Chinese shipping […]

The Age Of No Privacy: The Surveillance State Shifts Into High Gear

Authored by John Whitehead via The Rutherford Institute, “We are rapidly entering the age of no privacy, where everyone is open to surveillance at all times; where there are no secrets from government.” ? William O. Douglas, Supreme Court Justice (1966) The government has become an expert in finding ways to sidestep what it considers […]