Real Estate Bubble: An aerial view!

It’s worse than I suspected. Last week, I had the chance to fly around the Northern Virginia area in a helicopter. The number of subdivisions being built as far south as Richmond is astounding. I’ve been concerned about this bubble since 2014, and frankly I can’t believe just how big it’s gotten.

Zero percent interest rates have created a massive amount of malinvestment in the Washington, D.C. area. Cranes paint the nation’s capital, and they don’t stop there. Billions continue to be poured into the D.C. Metro line, which is being extended out to the Dulles Airport and beyond. These are the type of projects that are commenced through the vast misallocation of resources that only artificially low interest rates can provide.

It’s been a busy week in the financial world. The Fed raised interest rates, America hit it’s debt ceiling (again) and digital currencies seem more volatile than ever before. Luckily we had Eric Dubin on the show to help sort out some of the things going on in the marketplace.

Be sure to submit your question for Ron Paul, and continue to protect your savings from the Fed with Goldmoney!

I’m feeling nauseous…

I’m so busy and tired that I forgot to send out last week’s email. If you missed episode 94 with Tim Delmastro, then be sure to check it out!

Not only am I exhausted from life, work and parenthood, but I’m also fed up with Janet Yellen and the Federal Reserve. Next week, the Fed is “almost guaranteed” to raise interest rates for the third time at “the most important Fed meeting ever.” The hype and fanfare is nauseating.

The Fed hasn’t even raised rates to the 1% bottom that Alan Greenspan achieved, which created last financial crisis. Now people like Steve Liesman are still acting like the “geniuses” at the Fed have done the impossible. “They saved the U.S. economy,” they tell us, but they have only served to secure a more fateful demise.

Like a man attempting suicide by climbing several more flights of stairs, the Fed has only ensured that we will be falling from a greater height when we finally leap. The truth is that we’re probably already falling, but we think we’re ok because we haven’t hit pavement yet.

Be sure to check out our episode with musician Gene Goodman, and protect your savings from the Fed with  Goldmoney!