• …and what it could mean for us. China is a hot mess. We have only occasionally addressed China’s rickety economic conditions and not written much about them, but you should know how vulnerable things are in that centrally-planned economy. Youth unemployment in China is running at about 15 percent.  Property prices in December fell at the fastest rate since 2015, not comforting to a middle-class heavily invested in real estate.  A restive population makes for a nervous ruling class! Here’s a chart of China’s Hang Seng index of stocks traded on the Hong Kong exchange.  It has fallen in half in the last three years. Government debt is a huge problem.  It’s bad enough that Moody’s has lowered its rating on China’s sovereign debt from stable to negative. Kyle Bass of Bass of Hayman Capital Management says China is experiencing “a full banking system collapse.”   To put a fine point on it, Bass says local governments in China have […]

  • Once again Republic Monetary Exchange’s Jim Clark joins Robert Kiyosaki’s panel of experts to complete the four-part series that Robert calls “the most important show ever!” The Rich Dad Poor Dad radio show panelists – all veteran gold professionals – have been called together to explore the significance of gold as a timeless form of currency and a safeguard against economic turbulence.  They discuss gold’s unique properties, its historical role as a reliable medium of exchange, and the dangers of relying on fiat currency. The conversation also addresses central banks’ gold acquisitions, the possibility of government gold confiscation reminiscent of the 1933 U.S. event, and the diverse views on its probability and consequences.  The episodes offer a comprehensive analysis of gold’s value in the face of contemporary financial challenges and its importance in investment portfolios for wealth preservation. Here are all 4 episodes that make up the series… Part 1 of 4: Part 2 of 4: Part 3 of 4: […]

  • The world’s best-informed buyers are central banks.  They know the made-up, unbacked, paper, and digital money ruse best.   And they keep buying gold. How many Americans could explain how the entire Federal Reserve monetary system works, how they create money out of nothing at all?  One in ten?  One in a hundred?   Probably not that many.  But central bankers know exactly how the system of legalized counterfeiting works.  That’s because they use it against their people. Today, instead of continuing to be victimized by our central bank, the Fed, they are moving away from the global dollar monetary system.  And they are buying gold.  That’s because they don’t mind victimizing their people with made-up money.  They just don’t want to be victimized by us. The World Gold Council has the latest numbers.  Central banks’ buying momentum continued in November with the net addition of 44 tons of gold. The buyers are mostly from emerging markets, not as closely […]

  • Rich Dad Poor Dad author Robert Kiyosaki presents a four-part program that he calls “the most important” show ever. Today we present Part 1, The Good News and Bad News about Money.  It features Jim Clark on a panel with other veteran precious metals experts including RME associate Charles Goyette. The discussion addresses the historical context of the US dollar and explores how global economic shifts could influence personal wealth.  Robert’s guests share their knowledge and personal experiences, emphasizing the role of precious metals in safeguarding assets. Enjoy Part 1 of this very important 4-part series.  We will post Parts 2, 3, and 4 as they are released. 

  • One easy lesson… here’s what will happen to your money! The current inflation rate (CPI) is 3.1 percent.  What does that mean for your money?  Jim Rickards at the Daily Reckoning sums it all up in just a few words: How damaging is 3.1% inflation? That rate will cut the value of the dollar in half in 22 years. It’ll cut the value of the dollar in half again in another 22 years. Put differently, if you start your career at the age of 21 and retire at 65, the dollar you earned at age 21 will only be worth 25 cents by the time you retire. That’s 75% wealth confiscation by government-caused inflation. There’s nothing benign or comfortable about 75% wealth confiscation. But that’s where we are today. And that is the story in a nutshell. “There’s nothing benign or comfortable about 75% wealth confiscation.  But that’s where we are today.”

  • It’s an easy story, the future of the US dollar.   So easy in fact, that we think we can tell it in three simple pictures. First of all, the US is the biggest debtor in the world, the biggest of all time.  Take a look at the first picture from Visual Capitalist: The US is the world’s biggest debt by far, responsible for more than a third of the world’s $97 trillion national government debt.  It can’t pay this debt back in an honest, reputable way. Now the second chart, this one from Wolf Street.  It calls this chart Debt out the Wazoo!  That couldn’t be more accurate: It depicts how fast US debt has been growing, especially since 2020.   And it is not slowing down.  Washington ran the biggest monthly deficit in history in November, $317 billion in a single month.   How come so much red ink?  Was there a massive shortfall in tax revenue?  No.  […]