Silver as an investment

Category Archives: Real estate

Meet The Money-Laundering, Nigerian Oil Magnate Behind New York’s $50MM Condo Foreclosure

Last night we noted that yet another luxury condo at Manhattan’s One57 tower, a member of “Billionaire’s Row,” a group of high-end towers clustered along the southern edge of Central Park, had gone into foreclosure – the second in the span of a month.  The 6,240-square-foot, full-floor penthouse in question, One57’s Apartment 79, sold for […]

An Open Letter To The Fed’s William Dudley

Authored by MN Gordon via EconomicPrism.com, Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs. Crashing Unemployment Quite frankly, crashing unemployment is a construct that’s new to popular […]

CIA Director Mike Pompeo: Trump’s “An Avid Consumer” Of Intel, Will “Punish Leakers”

In his first interview since becoming the head of the CIA, Mike Pompeo pushed back against accusations that President Donald Trump doesn’t read his daily intelligence briefings, claiming that the president is “very interested” in what’s happening at the intelligence communities and that his daily in-person briefings with the president typically run longer than their […]

New York’s “Billionaires Row” Suffers Biggest Foreclosure In History

In the latest sign that NYC’s ultra-high end property market is on the verge of imploding after a wave of overly aggressive development, another luxury condo at Manhattan’s One57 tower, a member of “Billionaire’s Row,” a group of high-end towers clustered along the southern edge of Central Park, has gone into foreclosure – the second […]

The End Of Pretend Looms As “The Well Is Going Dry This Summer”

Authored by Howard Kunstler via Kunstler.com, It ain’t bragging if it’s true. I’ve said repeatedly on this blog for years that the federal government would only become more impotent, more incompetent, and more ineffectual as The Long Emergency rolled out. And here we are now, at just such pass in history. The process has been […]

Central Banks Are Driving Many To Cryptocurrencies

Authored by Dmelza Hays via The Mises Institute, Two years ago, Bitcoin was considered a fringe technology for libertarians and computer geeks. Now, Bitcoin and other cryptocurrencies, such as Ethereum, are gaining mainstream adoption. However, mainstream adoption has been propelled by financial speculation instead of by demand for a privately minted and deflationary medium of […]

What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak

Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality. And while the post-crisis recovery has returned the national home price index to its highs from early 2007, most of this rise was generated by a handful of urban markets […]

Grocermageddon Goes Global

Well that escalated quickly… This morning's Amazon acquisition of Whole Foods Market has collapsed share prices of many grocers (in US and around the world), pharmacies and drug distributors, and even REITs… First things first, 11 of the top 12 biggest losers in the S&P 500 are related to AMZN's move…   It's a bloodbath […]

Peak Economic Delusion Signals Coming Crisis

Authored by Brandon Smith via Alt-Market.com, In my article 'The Trump Collapse Scapegoat Narrative Has Now Been Launched', I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the […]

Deutsche Refuses To Disclose Trump’s Private Account Info – Barrage Of MSM Conspiracy Theories Imminent

A few days ago we noted that DB allegedly requested more time to comply with a letter drafted by the infamous Maxine Waters of the House Financial Services Committee demanding information from on a Russian money laundering scheme and loans made to Trump’s businesses while he was a private citizen.  Without providing any evidence or […]