News
Soon you'll be a millionaire...
...in dollars only.
You see, most people think that money and wealth are the same thing. In fact, they are not. What may be true for individuals is not true for the system. If you increase the money of one individual, you increase their wealth. But if you increase the money of the entire system, you simply increase the number of dollars needed to represent the previously existing amount of wealth (real stuff).
Anyway, as we continue to see more and more trillions of spending coming from on high, we continue to see more praise and glee about all of this "free money".
Pretty soon, people are going to wake up one day and realize they are millionaires - but in dollars only. And that their million dollars don't go nearly as far as they thought they would.
Not you though. Thanks for being one of the few who put in the effort to learn about how money works so that you can protect your wealth. The boat to prosperity is infinitely large, so spread the word and make sure those you love and care about don't wind up a poor millionaire.
The Silver Squeeze is Working - Part I
Quietly, under the radar, the silver squeeze army has increased PSLV’s share count by nearly 60% in only four months. The assets under management have increased from ~$2.3 billion in late January to ~$4.1B today, an increase of nearly 80%.
Another Standing Repo Facility
Fed is set to create another Standing Repo Facility. This SRF is likely aimed at offering Fed liquidity to the investment fund community.
Chinese buying revealed
Gold and silver continued to rally this week, with gold challenging the $1900 level and silver $28. Comex trading in gold was remarkable, with open interest plunged 20,718 contracts on a rising price on Tuesday. Could there be an element of window dressing involved?
U.S. mortgage applications tick down as refinance activity declines
Mortgage applications decreased last week as fewer homeowners sought to refinance their loans, offsetting a modest rise in applications for loans to buy homes.
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