Author: Lowell

Chaos Descends On Venezuela… Europe and US Next?

Jeff Berwick, from The Dollar Vigilante, recently visited Venezuela with the help of a young man who started the Von Mises Institute organization in the country. The picture to the left is an example of the outstanding healthcare available to the people of Venezuela since it was completely taken over by the government. This was just one of the benefits of instituting socialism in the country. Here are some of Jeff’s observations while visiting the country: It has been less than two months since I visited Caracas, Venezuela. While things were already very bad when I was there, they are now worse....

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Pension Fund’s Proposed 60% Cut Is “Not Enough” Says Treasury

The collapse of pensions begins. One of the largest pension funds just let it be known that most of those covered and contributing will most likely receive nothing in return. 407,000 private sector workers are about to lose most of their pensions. The Central States Pension Fund, which handles the retirement benefits for current and former Teamster union truck drivers across various states applied for reductions under that law. As deep as the fund has proposed cutting the pension benefits, it’s not enough. The plan filed for 60% cuts in pensions. The Treasury Department has the final say. The...

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Surrender Your Principles?

Erick Erickson penned an excellent article about standing by your principles. He was among the group of conservatives invited to Facebook for the face-to-face discussion over the allegations of censoring conservatives. This past week, a group of conservatives were invited to meet Facebook CEO Mark Zuckerberg in California. Facebook scrambled to do damage control over a story that suggested conservatives were being censored on Facebook. The specific allegation, made by one aggrieved self-identified conservative former Facebook employee, was that humans controlled the trending news section on Facebook and those humans were predominately liberals intentionally ignoring conservative news. On the basis...

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Is The Shift To A Cashless Society Snowballing Or Being Forced?

Love it or hate it, cash is playing an increasingly less important role in society. The Federal Reserve estimates that there will be $616.9 billion in cashless transactions in 2016. That’s up from around $60 billion in 2010. No doubt that there has been a shift in the direction of a cashless society. It’s been a slow progression based on convenience. The downside to going cashless and to all digital are many under the current system: hackers love the central point to access all the data they’re after; makes it easier for power and control government to control how money is...

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Crisis Markets Can Deliver Big Gains

Recently, Nick Giambruno talked about the investing strategies employed at Casey Research. Doug Casey has long looked for crisis where he could find assets that he was sure would be around in 50 years. During a time of crisis, these assets are typically trading or selling for way less than they are really worth. Thus, it provides an opportunity to purchase at bargain basement prices while everyone else is rushing to get out. For instance: In 2013, the tiny European island of Cyprus had a banking crisis. Its stock market plunged 98%. It was one of the most significant financial crises in...

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