Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

May
17

YouTube  |  Mike Maloney

Stocks, Real Estate & Bond Implosion

May
17

BeforeItWasNews  |  Realistnews

Too many dots to show on this blog.  Please click link to view the sad state of affairs.

Special thanks to realistnews for the tip…

Below are screenshots from the site zillow.com which specializes in the sale and rental of US properties.

http://beforeitsnews.com/economy/2017/03/visual-proof-the-number-of-forclosures-is-exploding-its-game-over-2879381.html

 

May
17

YouTube  |  Michael Pento

May
17

Reuters  |  By Marcy Nicholson and Peter Hobson

NEW YORK/LONDON, May 15 Gold rose as U.S. political turmoil, a missile test by North Korea and a worldwide cyber attack fueled demand for safe-haven assets, while weaker than expected U.S. data pushed the dollar lower, making gold cheaper for holders of other currencies.

Spot gold was up 0.2 percent at $1,230.15 an ounce by 2:11 p.m. EDT (1811 GMT), on rack for a third day of gains after hitting an eight-week low of $1,213.81 last week. U.S. gold futures settled up 0.2 percent at $1,230.

“Continued unpredictability of the Trump administration, North Korea flexing its  uscles again and weaker data coming from the U.S. has helped bring back some interest,” said Ole Hansen, head of commodities strategy at Saxo Bank.

Worse than expected U.S. data has reduced expectations of aggressive interest rate increases by the U.S. Federal Reserve this year, though traders still expect a rise in June.

Read the rest of this entry »

May
17

Reuters  |  Jonathan Stempel

Wells Fargo may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice.

A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake

The new estimate was provided in a filing late Thursday night in the federal court in San Francisco, and is 1.4 million accounts higher than previously reported by federal regulators, in what became a national scandal.

The Seattle-based firm also said the number “may well be over-inclusive, but provides a reasonable basis on which to estimate a maximum recovery.”

Wells Fargo spokesman Ancel Martinez in an email said the new estimate was “based on a hypothetical scenario” and unverified, and did not reflect “actual unauthorized accounts.”

Read the rest of this entry »

May
12

DailyBell  |  Staff News & Analysis

180 years ago today, everyone panicked.

RS2364_Gold_dollars_USD

On May 10, 1837, New York banks finally realized that the easy money they were lending was unsustainable, and demanded payment in “specie,” or hard money like gold and silver coin. They had previously been accepting paper currency that for every $5 was backed by only $1 in silver or gold.

Things culminated to that point after years of borrowing the paper currency to expand west, buy land, and build infrastructure. As silver came in from Mexico, banks lent out five times the amount of their deposits – fractional reserve banking.

At the same time, the value of silver was falling because its supply was increasing in America. Great Britain, which had been lending much of the money, was less interested in silver because they could pay for trade with China in opium. So even though Britain had a year earlier begun demanding payment in specie, the abundant silver in America did not hold the same weight, so to speak, it had previously.

Now, reflect on this for a second. The USA was depending on loans from a country that they had successfully revolted and seceded from fewer than 50 years earlier. Britain had also provoked The War of 1812 just 25 years earlier when they wouldn’t stop attacking American ships. But somehow it still seemed like a good idea to depend on British banks to form the foundation of American development.

Read the rest of this entry »

May
12

StillnessInTheStorm  |  Lance Schuttler

While there are certainly forces within the “Deep State“ or “Shadow Government” that obviously oppose any moves to bring back the gold standard and end the Federal Reserve, the timing may be ideal for a massive push to accomplish both of these tasks.

Arguably, there has been no U.S. president whose every move has been scrutinized and reported on more than that of Donald Trump. He has over 26 million followers on Twitter, is being covered every day and night by every mainstream media outlet and many alternative media outlets. Much of what Trump says, does or Tweets about is further reported on and reaches hundreds of millions of people around the world. With respect to bringing back the gold standard and ending the Federal Reserve, Trump needs only to utilize the media’s spotlight to begin making a focused and consistent push in talking, and even tweeting about these two issues.

Read the rest of this entry »

May
12

MoneyMorning  |  Casey Wilson

Retail companies are shuttering hundreds – even thousands – of bricks-and-mortar locations as a response to the shift in consumer spending habits in favor of e-commerce.

Image result for retail cut jobs image

And as a result, thousands of American retail workers are finding themselves jobless.

So what exactly is happening to retail companies across America – and more importantly, how can you profit from the retail sector’s downfall? Let’s take a look…

The Death of Retail

Read the rest of this entry »

May
12

ConfoundedInterest  |  Anthony B. Sanders

Well, a 99.5% currency plunge isn’t the ONLY reason why protests are a daily occurrence in Venezuela.

Image result for venezuela currency drop image

(Bloomberg) — President Nicolas Maduro has overseen an unprecedented depreciation in his country’s currency since taking office, with the bolivar now down 99.5 percent to 5,100 per dollar in the black market that everyday Venezuelans use. The sharp decline has wiped out savings and made buying imported goods all but impossible, helping fuel the anger directed at the government in street protests that have turned deadly in recent weeks. While Maduro has raised the minimum wage almost 20 times during his tenure, it’s still the equivalent of just $40 a month.

Yes, the blackmarket currency which many Venezuelans use has actually fallen 99.5% under Maduro. Read the rest of this entry »

May
12

CNBC  |  Judy Shelton & Rick Santelli

http://video.cnbc.com/gallery/?video=3000617420