Business

Authored by Jim Rickards via DailyReckoning.com,

Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade.

And it looks like annual deficits will be at the trillion dollar level sooner than later when projected spending is factored in.

Basically, the United States is going broke.

I don’t say that to be hyperbolic. I’m not looking to scare people or attract attention to myself. It’s just an honest assessment, based on the numbers.

Authored by Aaron Kesel via ActivistPost.com,

A CIA whistleblower, Kevin Shipp, has emerged from the wolves den to expose the deep state and the shadow government which he calls two entirely separate entities.

“The shadow government controls the deep state and manipulates our elected government behind the scenes,” Shipp warned in a recent talk at a Geoengineeringwatch.org conference.

As equity markets spike to all new highs with each passing day, the number of fiscal crises springing up within local and state governments around the country are reaching somewhat alarming levels, even if they're being completely ignored by investors.  As Reuters notes this morning, the state of Pennsylvania may become the latest example government failure when it runs out of cash later tonight leaving some $860 million worth of bills unpaid.

Authored by Lance Roberts via RealInvestmentAdvice.com,

I remember the first time I saw the movie “Poltergeist.” It scared the $*#@ out of me, and I slept with the lights on for a month.

So to be clear, this week we had:

• Hurricane Irma crushes Florida
• North Korea test fires ICBMs across Japan (again)
• Economic data misses across the globe (China and US most notably)
• Terrorism in UK and France

And the result - drum roll please - new record highs for The Dow, The S&P, and The Nasdaq... with The Dow's best week of the year!!