Silver as an investment

Category Archives: Economic globalization

“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]

How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]

Goldman On Tax Reform: “Now Comes The Hard Part”

The ink wasn’t even dry yet on the just published Republican Tax Cut And Jobs Act, and within the hour UBS was already confident that it has virtually no chance of passing: As UBS chief economist Seth Carpenter wrote shortly after the publication, “to our read, the release confirms our view that tax reform is […]

Goldman Sachs Maintains The Most Tax Havens Of Any US Company… By Far

Multinational companies based in the United States are able to avoid paying an estimated $100 billion in federal income tax every year through the use of tax havens. As Statista's Niall McCarthy notes, a recent report from the Institute on Taxation and Economic Policy has found that 366 of America's largest 500 companies maintain 9,755 tax haven […]

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

As a reminder, nothing lasts forever… The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. "The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based […]

These U.S. Companies Have The Most Cash Parked Overseas

While many US companies, especially those in the Russell 2000, have seen their stocks surge in recent days on renewed hopes that Trump tax reform may pass in the coming months (Goldman assigned a 65% probability of Trump tax passing), the reality is that for a vast majority of US corporations a tax cut to […]

“The Western Status Quo Political System Is Collapsing Into ‘Something Else'”

Authored by Ben Hunt via EpsilonTheory.com, Michael Corleone:  I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren’t.     Hyman Roth:   What does that […]

The Greatest Financial Bubble In History

Authored by James Rickard svia The Daily Reckoning blog, China is in the greatest financial bubble in history. Yet, calling China a bubble does not do justice to the situation. This story has been touched on periodically over the last year. China has multiple bubbles, and they’re all getting ready to burst. If you make […]

New Poll Finds Record Number Of Americans Want More Government In Their Lives

Authored by Simon Black via SovereignMan.com, In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems. That’s the highest percentage since they started asking […]

Visualizing The Collapse Of The Middle Class In 20 Major U.S. Cities

When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of […]