The war on your savings & retirement continues. In a stunning move, Charles Schwab has started informing its clients that “at least 80% of the fund’s net assets will be invested solely in U.S. government securities…” and removed from money market funds. In other words, Schwab is the first of many brokerages to cave to alarming government pressure and begin permanently unwinding trillions in money market-funds, rotating them into government debt. Why? Because our insolvent government needs YOU to finance its unsustainable $19 trillion debt. Luckily, there’s still one way to protect your savings & retirement before the entire house of cards crashes down.
After the 2008 global financial crisis, the U.S. Gov’t and Federal Reserve spent trillions of dollars bailing out the banks and propping up the markets. In the process, the national debt exploded to unsustainable levels and the Fed exhausted all its ammo. So with the U.S. rapidly going bankrupt, something else needed to be done to prevent the entire banking system from collapsing again. The solution: Congress enacted laws that give the U.S. Gov’t power to freeze & seize citizen bank accounts in order to save the banks. But there’s ONE asset that can’t be touched.
Tim Bolen, May 2016
Last week I wrote an article titled “Polevoy Thrashes Barrett and Grell in California – Piles of Money Change Hands…“ From it, Stephen Barrett, sent me three emails this last week – two of them were angry, and the third sort of whimpered.
We live in a world of finite resources that abide by fixed patterns and rules, or what physicists call the laws of nature. Civilizations are not immune to these rules.
Emily Co, 10/28/2015
If you love farmers market produce but have always found it too pricey, you may be shopping the wrong way.
Douglas Riddle, October 19, 2015
There is no money, there never has been any money and what we used as money is no more
This week Chinese President Xi Jinping is embarking on his first state visit to the U.S., and his arrival comes at a critical juncture in the relations between the world's two biggest superpowers.
Republicans riding high after passing their first budget plan in six years earlier this year are in for a familiar scare: the specter of a fiscal cliff and a so-called mega spending deal that may come with it.
According to Bloomberg and other sources, the International Monetary Fund is expected to announce a reserve currency alternative to the U.S. dollar on October 20th of this year, which experts say will send hundreds of billions of dollars moving around the world, literally overnight.
It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally.