Silver as an investment

Category Archives: Reserve Fund

Constitutional Law Attorney Says Mueller’s Seizure Of Transition Emails “Likely Violated The Law”

Over the weekend, reports surfaced that Special Counsel Robert Mueller may have inappropriately taken possession of “many tens of thousands” of emails from the Trump transition team, obtained through the General Services Administration – the government agency responsible for hosting the transition email system which used a “” address, without getting the necessary search warrants […]

“This May Be The End Of Europe As We Know It”: The Pension Storm Is Coming

Authored by John Mauldin via, I’ve written a lot about US public pension funds lately. Many of them are underfunded and will never be able to pay workers the promised benefits – at least without dumping a huge and unwelcome bill on taxpayers. And since taxpayers are generally voters, it’s not at all clear […]

“This Is A Crisis Greater Than Any Government Can Handle”: The $400 Trillion Global Retirement Gap

Submitted by John Mauldin of Mauldin Economics Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop. Lately I have focused on the […]

Spain’s Social Security Program Will Go Bust In 2018

Submitted by Michael Shedlock via, Spain’s Social Security system is expected to go broke by 2018. In the US, concerns over such matters are virtually nonexistent. But Spain cannot print Euros, and is already deep in the hole on meeting budget deficit targets.   Via translation from El Confidencial, Spain’s Social Security Reserve Fund […]

ZeroHedge: Fitch Downgrades Chicago After “Worst Possible Outcome” In State Supreme Court Pension Reform Bid

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Last week, Rahm Emanuel got some bad news. The Illinois Supreme Court agreed with Cook County judge Rita Novak’s ruling that the Chicago mayor’s scheme to put worker pension plans on a sustainable path was unconstitutional. “These modifications to pension […]

Oil Market Showdown: Can Russia Outlast The Saudis?

Submitted by Dalan McEndree via, "Two men enter, one man leaves, two men enter, one man leaves, two men enter…”   Mad Max: Beyond Thunderdome November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. […]

BRICS Bank Officially Launches As Sun Sets On US Hegemony

Before the Asian Infrastructure Investment Bank and, to a lesser extent, the Silk Road Fund became international symbols for the end of Western economic hegemony, there was the BRICS Bank. Or at least there was the idea of the BRICS bank.  The supranational lender imagined by Russia, China, Brazil, India, and South Africa is, like […]

Putin And Tsipras Are Meeting: Here Are The Main Highlights

While Germany has pre-emptively, and somewhat defensively, come out proclaiming Russian aid to Greece as 'no big deal' – a "routine event" – As Bloomberg reports, the German government suggests Russia-Greece loan would be a "routine Event."   One country borrowing from another “is nothing special at all,” German Finance Ministry spokeswoman Friederike von Tiesenhausen […]

The EU’s Stalinesque “4 Year Plan”

Submitted by Pater Tenebrarum via Acting-Man blog, They Didn’t Want to Call it the “5 Year Plan” We have already commented on previous occasions on the EU’s “investment plan” (see: “EU Planning to Spend Money it Doesn’t Have” for details), which is bound to result in the production of countless white elephants across Europe (such […]

Moody’s “Junks” Russia, Expects Deep Recession In 2015

Having put Russia on review in mid-January, Moody’s has decided (somewhat unsurprisingly) to downgrade Russia’s sovereign debt rating to Ba1 (from Baa3) with continuing negative outlook. The reasons: *MOODY’S SAYS RUSSIA EXPECTED TO HAVE DEEP RECESSION IN ’15, CONTINUED CONTRACTION IN ’16 *MOODY’S SEE RUSSIA DEBT METRICS LIKELY DETERIORATING COMING YRS We assume the low […]