The crisis in Venezuela has only gotten worse and the IMF sees 1 million percent inflation by the end of the year. The inflation rate currently, is around 40,000%. The only good news we have heard is the President of Venezuela, Maduro, admitting that their models aren’t working. No kidding! Will people in the U.S. and around the world learn this lesson from Venezuela that Socialism doesn’t work!
Venezuela turns to barter as currency becomes virtually worthless… Hmmm what can we learn from this?
Venezuela is experiencing 25,000% inflation this year and people have now turned to barter. This only makes sense. Why use a medium of exchange that can’t serve as well… a medium of exchange! This is why it is crucial for you to own physical precious … [Continue reading]
Is Stagflation from the 1970s returning? Fed chairman, Powell, doesn’t think so.
The Federal Reserve has raised rates for the 7th time in a decade. The latest FOMC statement and the Fed’s move here tells us a lot. The Fed really does believe the economy is strong and that it is fundamentally and structurally strong. The Fed … [Continue reading]
The Once coveted $1 million Taxi medallions are now worth $175,000 and New York City Taxi Drivers are committing suicide because of Uber?
Recently, a 5th New York City taxi driver has committed suicide. Many of these taxi drivers own the once coveted $1 million taxi medallion the problem is that currently those taxi medallions are worth $175,000! These taxi drivers are deep in debt … [Continue reading]
The Cruise Ship Curse and why the Economy Booms and Busts
The sign of massive bubbles blowing up in the economy is evident with the cruise ship industry. This Royal Caribbean has came out with its new ship, “Symphony of the Seas.” It’s the largest cruise ship the world! This sort of event is consistent with … [Continue reading]
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