War, taxes and debt are the keys to dominating a population warned the Father of the Bill of Rights James Madison. Today, the $21 Trillion national debt — the accumulation of every annual deficit since the founding of America — is about to be raised again. Yet the money MISSING from the Pentagon books (in addition to what’s accounted for) is equivalent to the entire, astronomical debt. Should we send the bill the Pentagon or to our children’s children?
US states have amassed at least $1.5 trillion in unfunded liabilities in 2017, even though 49 of them have some form of balanced-budget restriction. Bill Bergman, director of research with Truth in Accounting, attempts to answer this puzzle. Show notes: http://goldnewsletter.com/podcast/what-sinkhole-states-dont-want-you-to-know/
Doomsayers have for decades claimed that the collapse of the global financial system is just around the corner, yet here we are in 2019 with a strong US dollar and a ballooning public debt. Chris Martenson, nevertheless, believes several economic trends are coming together this year to build the perfect storm. Show notes: https://goldnewsletter.com/podcast/dark-financial-clouds-2019/
What's happening with Taxes moving forward. Also, the lost opportunity with the Trump tariffs!
After 10 years of easy credit in the wake of the Great Recession, the party is over. Interest rates are going up, as are labor costs. "Buckle up," warns Peter Boockvar, chief investment officer with the Bleakley Advisory Group and editor of the Boock Report. Show notes: https://goldnewsletter.com/podcast/brace-yourself-for-macro-turbulence/