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It's Now Almost Impossible To Save For Retirement

Submitted by Simon Black via SovereignMan.com,

My grandfather was something of a Renaissance Man.

He was a farmer, schoolteacher, fisherman, collector, real estate investor… and one of those guys who always seemed to know how to do everything.

He could take apart an engine, build a house with his bare hands, tame wild horses, treat life-threatening wounds, play the guitar… and he was extremely well respected in his community.

While America Debates The $20 Bill, China Moves Closer To Gold

Submitted by Tho Bishop via The Mises Institute,

On Wednesday, Jack Lew announced that the US Treasury was following Ben Bernanke’s advice and keeping Alexander Hamilton on the $10, instead deciding to bring Harriett Tubman to the $20. While Lew’s news left America distracted in debate over whose portrait should grace the Federal Reserve’s most popular bank note, Zerohedge was highlighting how China was taking important steps to distance themselves from the dollar.

America Unbound

America Unbound

Last night I listened to this hourlong talk, with Q&A, by Andrew Bacevich, about his new book America’s War For The Greater Middle East: A Military History. It’s worth your time. Here, in a Politico essay from earlier this month, Bacevich lays out his thesis. Excerpt:

The Most Dangerous Divergence

The Most Dangerous Divergence

Submitted by Jim Quinn via The Burning Platform blog,

The chart below would appear to be in conflict with the results of a recent Gallup poll regarding stock ownership by Americans. The ratio of household equities to money market fund assets is near a record high, 60% above the 2007 high and 30% above the 1999 internet bubble high. The chart would appear to prove irrational exuberance among the general populace.

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