Today we live in a bifurcated economy: it is boom times for some and bust times for others.

Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their money-printing firehoses.

Why should we care about this bifurcation? History.

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The problem is we’re misallocating capital, resources and labor on a vast scale. That’s the problem.

Adding more currency and capacity/”growth” via programs like MMT doesn’t fix this problem; it actually makes it worse.

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The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us.

Their words seek to soothe us that “everything’s fine” and the global economy is doing quite well. But their behavior reflects a desperate anxiety.

Put more frankly; we’re being lied to.

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There’s no doubt that money is important. There’s good reason why most of us devote a huge percentage of our lives to pursuing it.

But there’s much about money that is misunderstood.

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Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often feel gobsmacked when looking at the world around you. How did things get so screwed up?…

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If you prefer to listen to the author read this article, Click Here. We didn’t have a lot growing up, as my mom had to single-parent three kids. Most anything I wanted required disciplined frugality. I bought my first fly rod from Orvis at the age of 13, which took the better part of a…

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With the world re-entering a period of greater economic instability, with the central banks painted into a corner, with global stocks looking weaker by the day, the price of gold is starting to shine again.

The yellow metal has recently hit all-time highs priced in a number of world currencies (the dollar not among them…yet).

Is this a short-term result of ‘risk-off’ fever as the markets have stumbled, to be undone during the next rally in stocks? Or are we seeing the beginnings of a more fundamental re-pricing of gold (and silver), as investors wake up to the currency risks created by more than quintupling the world money supply within less than a decade while simultaneously buring the economy under trillions of newly-minted debt?

Craig Hemke, better known by his nom-de-plume, Turd Ferguson, explains why gold looks like it finally has a brighter future ahead.

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The scam enabled by today’s financial ““markets”” coupled with lots of easy cheap credit flowing to big monied interests is every bit as egregious as the company store of old; only today’s victims are mostly blind to the way that the system is rigged against them.

Run this scam long enough and one day we’ll discover that the banks and their proxy agents — private equity funds, hedge funds, endowments, and family offices, etc — own all of the productive farmland, all of the mines, all of the oil wells, all of the timberland, and every other means of primary wealth production.

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