Living on Uneasy Street

Living on Uneasy StreetCharles Hugh Smith – Yes, the market will rally if World War III didn’t start last night. The market will also rally if World War III does start, because the Federal Reserve will surely lower interest rates.

We chuckle uneasily at gallows humor here on Uneasy Street because we’re still required to maintain an upbeat veneer of endlessly cheerful optimism even as we sense that the forces currently in play are beyond the control of individuals or groups, no matter how powerful they may be, and that these forces will follow a course to an end no one can predict with any degree of upbeat confidence. Continue reading

The End Game of Fiat Currency: What Lies Ahead [Video]

The End Game of Fiat Currency: What Lies AheadGreg Hunter – Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down.  Since that call, the 10-Year Treasury is up more than 30 basis points.  It closed today at 4.67%. Now Holter is still calling for higher interest rates that will coincide with higher gold and silver prices.  Why?  It’s called inflation, and it’s not temporary.

Holter explains, “Foreigners are backing away from buying Treasuries.  That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency.

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Experts Warn: US Govt Secretly Planning Bank Account Freeze

Sean Adl-Tabatabai – Experts are warning that the U.S. government is secretly planning to freeze all American bank withdrawals in the coming months due to the imminent collapse of the U.S. dollar.

The freezing of bank accounts already has a name: “bail-ins”:

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Title Loans vs Personal Loans

Title Loans vs Personal LoansIn the quest for financial relief, individuals stand at the crossroads of decision-making, pondering the route that best suits their journey. Among the myriad pathways, two distinct roads emerge: title loans and personal loans. This exploration ventures beyond the beaten path, weaving through the fabric of conventional financial advice to unveil the nuanced tapestry of borrowing. We’ll look at how title loans work vs personal loans.

The Compass of Title Loans

At the heart of this financial labyrinth lies the mechanism of title loans, a less trodden path marked by its unique requisites and rewards. Title loans operate on the principle of collateral; specifically, they require the borrower to offer their vehicle as a pledge. This vehicle, akin to a trusted steed on a medieval quest, serves as the lender’s assurance, enabling the borrower to secure funds even when their credit history is as enigmatic as an ancient scroll. Continue reading

The Impact of Credit and Trade on Monetary Systems

Sound Money Vs. Fiat Currency: Trade and Credit Are the Wild CardsCharles Hugh Smith – Our convictions about money are quasi-religious: heretics are burned at the stake. I’m not sure which stake I’ll be tied to, because all the conventional choices–fiat currency, sound money (gold, Bitcoin) or debt-free currency (a.k.a. MMT)–are all fatally flawed.

To understand why, consider the wild cards in any monetary system: global trade and credit. Let’s start with credit, which as David Graeber explained in his book Debt: The First 5,000 Years, has been an integral component of monetary arrangements since the dawn of civilization. Continue reading