Three Key Trends That Will Shape the Future of America
by James Hickman
Schiff Sovereign
You wouldn’t be especially impressed by someone’s insight if they told you that the world today is full of turmoil. That’s obvious— from wars and cultural clashes to cost of living crises and a pervasive sense of negativity.
More impressive is that William Strauss and Neil Howe predicted that the 2020’s would be like this nearly three decades ago in their 1997 book, The Fourth Turning.
According to their theory, societies move through cycles approximately 80-100 years long, with each cycle divided into four distinct “turnings.” These phases mirror the seasons, with the Fourth Turning representing the harsh winter—a period of upheaval and transformation.
Strauss and Howe predicted that the next Fourth Turning would begin in the mid-2000s, ignited by a crisis that would set the stage for significant societal change.
Biden Admits ‘Inflation Reduction Act’ Was Wrongly Named: ‘We Should’ve Named It What It Was’
by Nick Gilbertson
Breitbart.com
President Joe Biden on Thursday admitted that the $700 billion Inflation Reduction Act, which did not reduce inflation and included $369 billion for green energy initiatives, was wrongly named.
Biden’s remark came at an event in Westby, Wisconsin, where he was touting his Bidenomics investments. He called the Inflation Reduction Act “the most significant climate change law ever,” adding, “by the way, it is a $369 billion bill, it’s called the–we we we should’ve named it what it was.”
The Penn Wharton Budget Model found the bill would drop inflation by .1 percent over five years, and the Congressional Budget Office’s (CBO) analysis was similar.
Central Bank Gold Buying Trends and the Federal Reserve’s Inflation Strategy
by Money Metals
GoldSeek
In the latest episode of Money Metals’ Midweek Memo, host Mike Maharrey explored two key financial topics: the surge in central bank gold purchases and the historical perspective of the Federal Reserve’s balance sheet activities, with a focus on inflation.
Central Bank Gold Purchases Surge
Maharrey discussed the most recent data released by the World Gold Council, which showed a significant increase in gold purchases by central banks. In July, global central banks added 37 tons of gold to their reserves – a staggering 206% increase from the previous month.
Bidenomics Remains an Albatross Around Kamala’s Neck, Media Steps in to Help
by Jack Hellner
American Thinker
For Joe Biden’s entire term, the media spread the lie about how great his policies and results have been, particularly when it came time to the economy—the “best” economy “ever” they said. Of course, the people trying to survive the economy knew better. Now, Democrat operatives in her campaign and in the media are advising Kamala to run away from the unpopular Biden as fast as she can to intentionally mislead the voters. They sure don’t want Kamala to tell the truth that she’s just as much to blame, and would only make things worse.
They want her to falsely portray herself as the candidate for change; here’s a new article from CNN:
Harris’ attempt to separate herself from Biden on the economy frustrates Trump
CNN: At the Throwback Brewery, Kamala Harris pivoted to the future, separating herself a little more from Bidenomics as she tries to run as a change candidate from an incumbent administration who is driving Donald Trump to distraction.
Inflation Leaves the Middle Class Too Poor to Shop at Dollar Stores
by John Carney
Breitbart.com
Inflation Chops Down Dollar Tree
Dollar Tree’s latest earnings report offers a grim reflection on the state of the American economy. What we are witnessing is not just a minor fluctuation in retail performance, but a broader indictment of an economy that, under the stewardship of Joe Biden and Kamala Harris, has manifestly lost its way.
For those unacquainted with Dollar Tree’s dual audience, its Family Dollar stores cater to lower-income households seeking everyday necessities, while its namesake brand draws in middle- and upper-income shoppers for affordable party supplies and seasonal goods. What makes this earnings report notable is the revelation that even households earning over $125,000 per year—once thought immune to such cutbacks—are now tightening their belts and shifting from “buying for want” to “buying for need.”
This is not a blip, nor should it be dismissed as a mere casualty of transient economic forces. Rather, it is the logical outcome of economic policies that have imposed inflationary burdens on all classes of Americans.
It’s Stock Carnage and Rampant Stagflation Everywhere, but the Economy is Booming!
by David Haggith
GoldSeek
According to Bidenomics, it’s new construction everywhere and robust consumers.
Yet, as the tech sector in US stocks saw shares slammed down around 4%, NVIDIA, which so many stock promoters said could not see a collapse like a dot-com bust, fell almost 10% in just this one day (down 9.5%). No biggie! The economy is great!
Last week, we got a revised GDP report from Uncle Joe’s Fantasy Land that said GDP rose 3% in the second quarter due to surging consumer expenditures, while two of the nation’s large retailers reported hugely declining sales or bankruptcy due to failing consumer expenditures. That adds up.
Surely, Dollar General didn’t collapse entirely in the first two months of the third quarter, so how did it begin the bankruptcy process, giving a reason for declining consumer expenditures if the consumer is so robust and exuberant as to be the big driver of GDP growth in the second quarter?
Powell Announces “Pivot”
by James Rickards
Daily Reckoning
Labor Day weekend is over, and the election is just over two months away. Is the U.S. economy in a recession as election season enters full swing?
There’s a mountain of data suggesting the answer is yes, or if we’re not in a recession, we soon will be. We’ll explore this data below but let’s begin with the (supposedly) most powerful force in the U.S. economy — the Federal Reserve.
On Aug. 23, Fed Chair Jay Powell gave an address to the annual Federal Reserve conference held at Jackson Hole, Wyoming. This was one of Powell’s most important speeches ever for two reasons.
First, he not only pivoted to interest rate cuts (after Wall Street having been wrong about the pivot timing for two years), but more significantly he pivoted from concern about inflation to concern about unemployment.
U.S. Housing Inflation Likely to Fall in Year Ahead, Fed Paper Says
by Reuters
Reuters.com
Sept 3 (Reuters) – U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank of San Francisco.
That decline will likely add to downward pressure on inflation, the researchers said in the regional Fed bank’s latest Economic Letter.
Stubbornly high shelter inflation has added considerably to overall U.S. price pressures in recent years even as the Fed raised borrowing costs aggressively to bring down inflation.
That is because while higher borrowing costs reduces demand for housing, it also reduces supply by making it more costly for builders.
Andrew Sleigh On Precious Metals & the Global Reset
by Sprott Money
Sprott Money
Join Paul Preston as he interviews Andrew Sleigh of Sprott Money to explore the growing financial crisis and the role of precious metals in protecting your wealth. In this insightful podcast, they discuss:
- The decline of the U.S. dollar and its impact on purchasing power
- Why gold and silver are essential hedges against inflation and economic instability
- The rising global demand for precious metals, especially from nations like China and Russia
- How central bank digital currencies (CBDCs) could reshape the global economy
- The potential timeline for the global reset and how to prepare before it’s too late
Tune in now to learn how you can safeguard your assets in uncertain times! Listen to the full interview below:
Gen X Due to Retire but Can’t Afford To
from King World News
Gen X is due to retire but can’t afford to. Take a look…
GEN X: DUE TO RETIRE BUT CAN’T AFFORD TO
September 4 (King World News) – Gerald Celente: The oldest of the 65-million-member Generation X—born from 1965 to 1980—will turn 60 next year, putting them within sight of retirement age.
However, many will be unable to stop working.
In 2022, the median household net worth of Gen X’ers ages 45 to 54 was $250,000. That is about 7 percent less than the median for Baby Boomers in 2007, adjusted for inflation, according to data from the U.S. Federal Reserve.