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Top Three Videos – November 2, 2024

1 MORE WEEK: Doug Casey Predicts CIVIL WAR Following 2024 Elections (Oct 29, 2024)

CapitalCOSM...

Summary

 
 

Doug Casey predicts a potential civil war and significant economic turmoil in the U.S. following the 2024 elections, driven by unsustainable national debt, political manipulation, and rising global instability, while advocating for radical fiscal reforms and investment in gold.

 

Economic and Political Outlook

 

Democrats are seen as more dangerous than Republicans, with Casey advising to opt out of elections due to moral implications of supporting either party.

 

The US faces a growing debt problem, with Casey suggesting radical solutions like abolishing the IRScutting government expenditures, and defaulting on national debt.

 

Replacing income tax with tariffs could potentially collapse the world economy by disrupting trade, according to Casey.

 

Financial Predictions

 

Massive government debt defaults worldwide may lead to money printing, causing inflation and chaos, with US long-term interest rates potentially reaching 15-17%.

 

Oil prices could surge to $200 due to Middle East tensions and potential Strait of Hormuz closure, while natural gas at $3/mcf is considered undervalued.

 

Monetary Policy and Investment

 

Casey advocates for abolishing fractional reserve banking, viewing it as a disaster that leads to economic instability.

 

Gold is recommended as 100% money instead of partially-backed currencies, with silver considered more volatile but better value.

 

Smart investors are advised to buy mining stocks and energy instead of bonds, given the US government’s $2 trillion annual deficit and its inflationary effects.

Radio Rothbard: What Will You Do When Kamala (or Trump) Wins? (October 31, 2024)

Radio Rothbard...

Summary

 
 

Preparing for uncertainty and strategizing responses to potential election outcomes, whether Kamala or Trump wins, is crucial for navigating increased political divisions, governance challenges, and the need for educational resilience.

 

Political Implications

 

A Kamala Harris victory could lead to a divided government with a Democratic House and narrow Republican Senate, potentially enabling her to pass much of her agenda despite Republican control.

 

If Trump wins in 2024, the Republican party and DC establishment may blame Trump’s style and MAGA voters for any losses, rather than focusing on campaign issues.

 

Economic Consequences

 

A Trump 2024 victory might result in massive deficitsinflation, and debt, with the national debt potentially reaching $40-45 trillion by the end of his term.

 

Trump’s potential 2024 win could lead to creating tax loopholes for tipsSocial Security benefitsveterans, and police officers, possibly creating breathing room for anti-DC efforts.

 

International Relations

 

Trump’s 2024 victory could lead to further escalation of tensions between the EU and America, with the EU potentially targeting Elon Musk due to his support for Trump.

 

Domestic Tensions

 

A Trump win in 2024 might result in increased tensions between states and the federal government, with blue states more likely to engage in nullification and state pushback than red states.

 

Education and Voting

 

Trump’s 2024 victory could trigger a reckoning for non-public schooling, with a significant push to crack down on homeschooling and micro schools.

 

The 2020 election was allegedly marked by targeted cheating in Republican areas, with efforts to suppress turnout in Republican areas and inflate turnout in Democratic areas, according to Connor O’Keeffe.

Peter St. Onge: 401K’s Lost $2.5 Trillion (October 29, 2024)

Peter St. Onge...

Summary

 

Soaring inflation and rising national debt have resulted in a staggering $2.5 trillion loss in retirement savings for Americans, forcing many to delay retirement and work longer.

 

Economic Impact on Retirement

 

Americans lost $2.5 trillion in retirement savings under the Biden administration, despite a stock market rally, due to 40-year high inflation gutting stock returns in real terms and adding 6 extra years of work for the average retiree.

 

The average 401K balance rose by $11,000 in 3.5 years, but when adjusted for inflation, purchasing power dropped by $12,000, nearly 10% of retirement assets.

 

Debt and Federal Spending

 

The Biden administration added $9 trillion to the national debt, about 1/3 of all debt since 1789, equivalent to $55,000 per person.

In

terest payments are now the largest category of federal spending at $1.1 trillion and rising fast, potentially leading to a runaway process of borrowing trillions to service yesterday’s trillions.

 

Retirement Planning Challenges

 

A survey by Nationwide found that 40% of Americans are either delaying or abandoning their retirement plans due to chronic inflation.

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