When Interest Rates Rise – It’s Game Over

I just looked at the US debt clock. Did you know that the total value of everything that America produces is LESS than the value of the US national debt? Pretty shocking. But, it gets worse. If you look at the US debt clock, you see that our ‘official debt’ is something like $17.5 trillion. THAT part of the debt is covered by the US Treasury Department when they issue bills, notes and bonds. Unfortunately, there’s a TON of future debt rolling down on us. When you’re looking at the US Debt Clock webpage, that debt is at the bottom … Click here to read the rest…

Financial Holocaust

Those are the words of John Embry, Chief Investment Strategist for Sprott Asset Management and a financial veteran who has worked in the investment industry for 50 years. And, he actually didn’t say just ‘Financial Holocaust’. No, he actually said this: “We will now see historic and catastrophic wealth destruction. It’s going to be something to behold, and investors who want to survive this financial holocaust had better be properly positioned.” As of this month, we are already seeing cracks in the facade that the Federal Reserve has erected for us. The question in my mind is when this financial … Click here to read the rest…