I'm here just on an overnight stopover and meeting with the Chief Editor and Manager of El Dolar Vigilante (TDV Latin America) over a pisco sour in the airport hotel bar. Briefly, if you read spanish at all, you should really check out TDV Latin America or TDV Spain. Both have been putting up some tremendous original content from their regions... so good that if you don't read Spanish, you may just want to use Google Translate to read.
[Editor’s Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]
As I have stated in print, online, and in numerous interviews, we are now living in the most dangerous time for human capital in the history of the world.
Millennials are facing the brunt of this desperate time. After all, what kind of investments are Twitter, Bitcoin, and, namely, silver (since millennials, I assume, have less money than older more established precious metals bugs)?
Historically and relatively speaking, they are extremely risky choices, at least in the eyes of most professional financial analysts. More importantly, they are a sign of the times, which are extremely risky as well.
[Editor’s Note: The following post is by TDV contributor, Wendy McElroy]
The Department of Homeland Security (DHS) spent $80M to fortify federal buildings in New York apparently in preparation for civil disturbances and possible food riots on November 1st. The DHS plans included armed private guards who would protect IRS and other buildings against attack by fellow Americans.
[Editor’s Note: The following post is by TDV Senior Analyst, Ed Bugos]
I missed this when it first came out because, to be honest, I am not all that interested in Janet Yellen, or whoever takes lead of the Federal Reserve Board. I am already convinced it is going to be someone like Bernanke, or worse, because these nominations are political, and we all know which way the political winds are blowing these days. Certainly not in favor of any form of actual austerity. As a result, I ignored the Yellen criticisms from other gold bulls.
[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]
If you have cash in a US bank, you can expect to have the federal government take it all the next time US banks find themselves in trouble.
The days of the federal government stealing money from taxpayers, or borrowing it from the Federal Reserve, to save troubled banks -- as in they did in the 2008 crisis -- may be over. Congress is considering imitating the theft in Cyprus and letting troubled banks "bail-in" depositor money in order to make themselves solvent.
Another Utopian Central Planner From The Entertainment World Gets Some Attention
I'm a few days late on this...and honestly, I don't like to comment on these things because it my gears grind whenever I think of them...but I just had to comment on Russell Brand's call for a centrally planned socialist utopia. Brand said in that inexplicably popular interview:
It was Halloween last night in many parts of the world. A few trick or treaters came by my door, including a few O'Bombers. The kids, and their parents/guardians/enablers, did not find it funny when I told them I'd give them double the candy if they'd stop drone bombing Third World countries. Then, of course, they demanded double the candy anyway. True sheeple fo the USSA.
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