by Doug Casey
There’s a great deal more to becoming rich than buying the right investments and hoping for the best. The most important element in your strategy to win the battle for investment survival is your own psychology. You’ve heard that your attitude helps your health and your golf score; it’ll also improve your earning power.
It’s not enough to liquidate your past financial mistakes. It’s more important to liquidate counterproductive attitudes, approaches, and methods of dealing with problems. The results that someone gets in life are an indication of how sound his approach toward life is. A sound philosophy of life gives good results. People with chaotic, unproductive, unhappy lives usually don’t have anyone to blame but themselves. They rarely have a strategy for living and thus have no foundation on which to build a strategy for investing.
Continue Reading at CaseyResearch.com…
by Steve St. Angelo
The world hasn’t really caught on yet, but OPEC is in serious trouble. Last year, OPEC’s net oil export revenues collapsed. How bad? Well, how about 65% since the oil price peaked in 2012. To offset falling oil prices and revenues, OPEC nations have resorted to liquidating some of their foreign exchange reserves.
The largest OPEC oil producer and exporter, Saudi Arabia, has seen its Foreign Currency reserves plummet over the past two years… and the liquidation continues. For example, Saudi Arabia’s foreign exchange reserves declined another $2 billion in December 2016 (source: Trading Economics).
Now, why would Saudi Arabia need to liquidate another $2 billion of its foreign exchange reserves after the price of a barrel of Brent crude jumped to $53.3 in December, up from $44.7 in November?? That was a 13% surge in the price of Brent crude in one month. Which means, even at $53 a barrel, Saudi Arabia is still hemorrhaging.
Continue Reading at SRSRoccoReport.com…
No ‘commitment’ Berkshire will hold any marketable security ‘forever’
by William Watts
Warren Buffett is famously a very long-term investors. But long-term doesn’t necessarily mean he’ll never sell.
In his annual letter to investors, the Berkshire Hathaway BRK.A, +0.05% BRK.B, +0.04% chairman writes that some shareholders and commentators have the notion that the firm “will own certain stocks ‘forever”—but that’s not so.
“It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision),” he said. “But we have made no commitment that Berkshire will hold any of its marketable securities forever (emphasis Buffett’s).” Read the letter here.
The 86-year-old billionaire said the confusion may be the result of a “too casual” reading of one of his “economic principles” that have been printed in Berkshire’s annual report since 1983.
Continue Reading at MarketWatch.com…
by Richard J. Maybury
In a recent television interview, Aetna CEO Mark Bertolini, head of one of America’s largest health insurers, commented that selling insurance across state lines is “an outdated concept” in these days of the Affordable Care Act (ACA). Bertolini went on to explain the rationale for his statement: “Insurance products are now tightly aligned with networks, so buying an insurance product from another state, that’s tied to a network in another state, really doesn’t work for people seeking care.”
The sale of health insurance as interstate commerce is often cited as a pillar of healthcare reform by proponents of market-based solutions. In fact, I offered up this idea in a previous article as one of the ways to return empowerment and control to Americans seeking quality, affordable healthcare in the aftermath of Obamacare. While there are a number of issues that would need to be resolved in order to make healthcare across state lines work, they are not insurmountable, nor is the concept outdated.
Continue Reading at Mises.org…
Do you think you get an opinion on this? Do you think I’m here to solicit your suggestions? Oh, that’s rich, sir. No, I’m here to let you know some of the options we’re considering.
by James Corbett
The International Forecaster
Greetings, Mr. President. Thank you for taking the time to see me today. I understand your time is valuable, so let me get to the point: You thought that whole selection charade made you “the leader of the free world,” didn’t you? Like you were now in charge of the country and you could do what you want, right? Hahaha. Yeah, they all think that at first.
[…] So now that that delusion is out of the way, how’s reality treating you? Not so good, huh? Wish you could just govern by executive order, don’t you? Well, what if I told you you could govern that way? Get rid of the courts! Get a rubber stamp from congress! Throw away that constitution! Would you be interested?
Of course you would. That’s why I’m here today, Mr. President. Hear me out.
You need to pull a Mukden maneuver. A Tonkin trick. A Swedish stitch-up. A Gleiwitz gambit. A Lavon lark. A Moscow machination. You know, a false flag.
We’ve drafted up a few possibilities for you. Here they are:
Continue Reading at TheInternationalForecaster.com…
from King World News
Following the decline in the gold market on Friday of last week, King World News released a piece titled Is a historic upside breakout in the gold bull market about to take place? We got the answer on Thursday and Friday of this week as the price of gold powered through resistance at $1,240 and continued heading higher after the breakout.
But first, an update on how commercials are positioning themselves in crude oil and silver…
This chart below shows all-time record commercial short positions in the crude oil market.
Continue Reading at KingWorldNews.com…