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"We Track the Financial Collapse For You,
so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

Top Three Videos – November 12, 2023

► Discover Your Best Way to Buy Precious Metals to Enjoy a Brighter Future With the Highest Integrity.

Thomas Sowell on Intellectuals and Society

Hoover Institution...

Summary

Intellectuals, despite their high IQs, do not guarantee good decision-making and may even cause disasters throughout history.

Intellectuals with high IQs have caused many disasters throughout history, proving that intelligence alone does not guarantee good decision-making.
Intellectuals believe that if they had all the power, everything would be just fine, but they don’t even know one percent of the consequential knowledge in society.
The idea that capital and labor have conflicting interests and must divide up income is flawed because there is no income to divide up before they reconcile their interests and agree on terms of production.
Intellectuals may not have as much power as we think, as they are hired by others and their advice may not always be followed.
Intellectuals tend to embrace certain beliefs out of self-flattery and self-pleading, even if they are absurd, because it puts them on a higher moral plane.
Renouncing war is not enough to prevent it, just like passing gun control laws does not stop people from having guns.
The role of intellectuals in influencing events is not just about changing the minds of rulers, but also creating a climate of opinion that can affect political decisions.
The rise of intellectuals in America is a chilling thought as it leads to a nation of people who are propagandized with a certain vision of the world.

Peter St Onge: Household Debt Hits Fresh Record!

Wall Street Silver...

Summary

Household debt in the United States is reaching concerning levels, with credit card defaults and high interest rates on car loans putting many Americans at risk of falling into a debt trap.

The average household debt in the United States is now at $132,500, with mortgages, credit cards, student loans, and car loans leading the way.
Credit card defaults jumped from 8% to 9.4% last quarter, the highest since the peak of the pandemic, showing a concerning trend in household debt.
Car payments are eating into credit card debt, putting people on a financial treadmill with average rates running at 21%.
A borrower in Denver pays nearly 14% interest on her truck and has $20,000 in credit card debt, highlighting the burden of high interest rates on household finances.
Household debt is soaring even as real incomes go down, leading millions of Americans into a debt trap.

Why Gold Is on the Brink of a Historic Surge

Stansberry Research...

Summary

The financial world is facing a potential crisis, but investing in gold and the gold mining industry could provide significant opportunities for growth and profit.

In 2007, the fourth quarter GDP was 4.9% right before the big crash, and in 2000, there was a 7.3% GDP right before the bubble started bursting.
“The S&P 500 has just recently gone below its 200 day moving average for a couple days in a row which not great things tend to happen when that happens.”
The entire financial world is falling into the same denial trap that led to massive devastation the last time this crisis played out.
The KSM project has massive deposits with over two billion tons of economic resources, including gold, copper, silver, and malum.
Gold price is determined by its worth relative to other financial assets, not just annual supply and demand fundamentals.
Gold is forecasted to break through its all-time high and trade at multiples of its current value in the next few years.
Gold mining industry can generate over $2 billion of free cash flow a year at today’s metal prices.
“We now have 11 billion tons of known resources. We actually can show a mine life that goes for 200 years.”

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