[Newfie]

$this->bbcode_second_pass_quote('Armageddon', 'T')he U.S. Now Has:

1. Record $18.6 trillion in household debt

2. Record $13.1 trillion in mortgages

3. Record $1.7 trillion in auto loans

4. Record $1.7 trillion in student loans

5. Record $1.2 trillion in credit card debt

Total household debt is now up +60% over the last 10 years and total credit card debt is up +50% since 2020.

Meanwhile, delinquency rates on subprime auto borrowers are at a record 6.1%.

Americans are drowning in debt.

[AdamB]

$this->bbcode_second_pass_quote('Newfie', '
')We have seen these bubbles 3 or 4 times in the past 30ish years.

Interesting times.

[Armageddon]

Adam thinks we can print trillions of dollars forever. He thinks because nothing has happened that nothing will happen. He’s going to find out sooner than late what’s coming, and it’s not going to be pretty. There’s a reason the governments and central banks are flocking to gold and why it’s $4000 per oz. It knows

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'A')dam thinks we can print trillions of dollars forever.

[theluckycountry]

$this->bbcode_second_pass_quote('Armageddon', 'A')dam thinks we can print trillions of dollars forever. He thinks because nothing has happened that nothing will happen.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('Armageddon', 'A')dam thinks we can print trillions of dollars forever. He thinks because nothing has happened that nothing will happen.

[theluckycountry]

$this->bbcode_second_pass_quote('Newfie', '')$this->bbcode_second_pass_quote('Armageddon', '
')We have seen these bubbles 3 or 4 times in the past 30ish years.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('Newfie', '')$this->bbcode_second_pass_quote('Armageddon', '
')We have seen these bubbles 3 or 4 times in the past 30ish years.

[theluckycountry]

I've tried for years to wake up these morons. Gold, just buy Gold! But they wouldn't listen, dumb sheep following Elon Musk and Joe Biden to their financial doom. I told them to get out of debt! But no, they piled it on buying new cars for their wives, thinking they were *smart* because they got a good interest rate. But it's not the interest rate that matters now, it's the repayment of the capital. Brainless sheep.

[Armageddon]

3 signs that show an incoming recession…or worse

Trucking
Lumber demand
Cardboard box sales

All 3 are cratering

[theluckycountry]

Once this AI bubble pops that will be it! There is no other bubble in the wings to maintain debt creation. I think there is a chance it might pop soon too. The leading figures are getting nervous in the media and talking about bailouts.

This article sums up the dilemma nicely.

Mises Wire
The Road to De-Civilization: Inflation and the Moral Erosion of Society

$this->bbcode_second_pass_quote('', 'E')very major economic illusion begins with the corruption of a word. Inflation once meant popularly what it still means in truth—the artificial expansion of money and credit. But, over time, it has been redefined to describe its consequence rather than its cause. This deliberate inversion of language serves a political purpose: it shifts blame from those who create money to those who merely spend it, transforming an act of monetary fraud into a mere statistical “phenomenon.” The result is profound. By redefining inflation, governments have obscured its nature, economists have lost its meaning, and citizens have come to accept their gradual impoverishment as an unavoidable fact of life.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'I')'ve tried for years to wake up these morons.

[theluckycountry]

UBS Raises Gold’s Roof Once Again

$this->bbcode_second_pass_quote('', 'U')nion Bank of Switzerland analysts Wayne Gordon, Giovanni Staunovo, and Dominic Schnider report that gold has held above 4000 dollars per ounce following a dramatic appreciation in 2025. They reiterate their claims of less than a month ago when they said in Gold’s Pause Before the Next Advance “The recent pullback has not altered the long-term narrative”. But in this update, they raise their price targets for both 2026 and 2027. The metal has risen nearly sixty percent year to date, making it the strongest performing global asset. The team expects further strength through 2026 and has raised its mid-year price target to 4500 dollars per ounce, previously 4200 dollars.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Shhhh, that's not on the TV set, it's a secret for the insiders who believed in PeakOil.

[theluckycountry]

Diversity, that's the key to investments, and that means the 50/50 rule. 50% Silver and 50% Gold. Well Silver has certainly been the investment of the decade, $96+ per ounce now in Aussie dollar terms. A 750% increase in price over the past 20 years

Time to plan a vacation I suppose, and with no wife, that means SE Asia

[Armageddon]

Onward to $100 my beautiful silver

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'D')iversity, that's the key to investments, and that means the 50/50 rule. 50% Silver and 50% Gold.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'O')nward to $100 my beautiful silver

[Newfie]

$this->bbcode_second_pass_quote('Armageddon', 'O')nward to $100 my beautiful silver

[AdamB]

$this->bbcode_second_pass_quote('Newfie', '')$this->bbcode_second_pass_quote('Armageddon', 'O')nward to $100 my beautiful silver