Credit, Cash & the Coming Crash

By Lowell Ponte

Globalists are eager to impose a “cashless” society where everything is credit and debt, where values are easily manipulated, and where all financial transactions are monitored and taxed by government. This is why they are squeezing you out of cash and into credit. This is why they do not want you to convert any of your paper dollars into a form of money they cannot control or devalue, such as gold. And if the globalists get their way, an American economic and social crash is inevitable. Your credit will disappear instantly. What will you do then, without hard money? Neither a plastic card nor a worthless green piece of paper will save you on that discredited day. You can prepare now, or be helpless then. [more...]

Money from Nothing

By Michelle Seiler-Tucker

Traditionally, venture capital firms are the life blood of Silicon Valley-based tech startups; however, one type of technology, cryptocurrency, is flipping that relationship on its head. Simply put, digital currency startups don’t need the cash traditionally supplied by VCs; and now VCs are turning to cryptocurrency startups for a piece of the action. This reversed relationship is due to a phenomenon known as Initial Coin Offerings (ICOs). In an ICO, a cryptocurrency firm offers a percentage of their currency to initial public backers of the project in exchange for other types of digital currency, mainly Bitcoin. Simply put, startup cryptocurrency firms can create their own currency and use mathematical contract algorithms to control the behavior and existence of this currency. [more...]

Study Finds 25.5-Percent Dollar Overvaluation Spurs Trade Deficit

The Coalition for a Prosperous America (CPA) released a paper this week with an improved methodology for calculating exchange rate misalignment and its connection to the U.S. trade deficit, stagnation in wages and living standards, and slower economic growth. Michael Stumo discusses an innovative solution to the continuing problem of dollar overvaluation called the Market Access Charge (MAC).

“The U.S. dollar is 25.5 percent overvalued,” said Michael Stumo, CEO of CPA. “This bloated dollar problem amounts to a 25.5 percent export tax which U.S. businesses and workers must overcome to sell our goods and services competitively in global markets. Dollar overvaluation dramatically hampers President Trump’s ability to reduce the trade deficit, create good paying jobs and rebuild the middle class.”

The paper, entitled “The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It,” reveals that the exchange rates of Japan, Germany, China, and South Korea are significantly undervalued, subsidizing their exports and severely limiting US market access. [more...]

America’s Secret Plan for the Debt Ceiling

By Lowell Ponte

Sometime this October, the federal government is going to run out of money. It will be unable to borrow more until Congress agrees to raise the debt ceiling, a vote that some Republicans want to use to shrink the government. If lawmakers cannot resolve the debt ceiling issue, then the government may employ what Bloomberg News on July 14 called a “once-secret plan written by the Obama administration that would lead to the first-ever default on U.S. debt.” “Bond traders are worried that [President] Donald Trump’s Treasury secretary may have to use it,” reported Bloomberg. [more...]

How to Rescue Your Retirement

By Lowell Ponte

Every day 10,000 Baby Boomers reach age 65, and this will continue until 2029. Many need to protect their life savings and prepare for retirement. Boomers expected a comfortable retirement, but for many the autumn of life seems to be going another way. People are right to be afraid, and to seek security; the signs that things are coming apart are all around us. But the way to “insure” your portfolio is to escape promissory paper, including paper money that politicians can confiscate via inflation. People would be wise to convert a portion of their savings into the universal store of value, gold. Baby Boomers need to act decisively to provide true security for their golden years. For a free copy of the White Paper The Annuity Trap, contact: David Bradshaw at 602-918-3296 or e-mail him. [more...]