The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Archive for the month “March, 2017”

Why You Should Care About Fractional Reserve Banking

“Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road.”

I guess I see the glass “half empty”. I think there are more bumps than road.

http://www.kitco.com/commentaries/2017-03-31/Why-You-Should-Care-About-Fractional-Reserve-Banking.html

 

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The Debt Ceiling…Biggest Test Of Donald Trump’s Presidency

I just can’t see any “good” way to solve this issue. We (or would it be they) have spent ourselves onto that famous piece of real estate known as between…a rock and hard place also once known as the “Poorhouse”. Looks like our progeny get to move in with us.

http://www.zerohedge.com/news/2017-03-17/debt-ceiling-deadline-has-passed-now-biggest-test-donald-trumps-presidency-begins

David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th.

I am curiously watching this date.

““I think what people are missing is this date, March 15th2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion.”

http://theeconomiccollapseblog.com/archives/retail-apocalypse-gains-momentum-as-david-stockman-warns-everything-will-grind-to-a-halt-after-march-15th

 

Financial Disaster Awaits Us?

“Now that all those traditional values are, by and large, gone, the only thing we have to look forward to is more and more economic and social chaos, followed no doubt by growing government tyranny.”

Yup. What he said.

http://www.kitco.com/commentaries/2017-03-02/What-Financial-Disaster-Awaits-Us-Next.html

 

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