Wednesday, November 27, 2019

David Morgan: We Cannot Grow Our Way Out of the Debt Pyramid


The United States has both a debt and deficit problem, driven by years of overspending and unfunded promises made by politicians of both parties to pay for war, health care and retirement benefits to current and future seniors. 

Their solution to the problem is simply going more into debt. There is only one way this kind of thinking ends. Are you prepared?

- Source, David Morgan

Sunday, November 17, 2019

Tuesday, November 12, 2019

Russia And China Are Buying Gold, Not Bitcoin


The world's governments will turn to gold, not Bitcoin in case of an economic crisis. Gold and Silver, not their digital competitors, will be used as a hedge currency in case of a potential economic crisis. 

While some think gold and silver are outdated, its digital version is too volatile to become a viable replacement.

- Source, David Morgan

Wednesday, October 30, 2019

David Morgan: Gold Goes Digital, While Facebook Loses Backing


EBay, Stripe, Mastercard and Visa are all dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. 

The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. 

Facebook has tried to mitigate lawmakers’ fears of libra in part by assuring them that Facebook would not have unilateral control of the currency. 

This should be no surprise, as history has shown, the government does not like competition.

- Source, David Morgan

Monday, October 21, 2019

Monday, September 30, 2019

David Morgan: Is This Gold and Silver Bull Market for Real?


David Morgan, widely followed strategic commodities analyst, known as “The Silver Guru,” and founder of the Morgan Report, returns to Reluctant Preppers to offer his studied opinion on the validity and nature of the recent breakout in gold & silver. 

Morgan also answers YOUR viewer questions on the gold & silver markets, gold vs. silver bullion, collectibles, platinum, energy, and preparedness!

Thursday, September 26, 2019

David Morgan: US Budget Deficit Passes $1 Trillion Mark for Fiscal 2019


The U.S. government posted a $200 billion budget deficit in August, bringing the fiscal year-to-date deficit past $1 trillion, according to data released on Thursday by the Treasury Department. 

What more do you need to understand that the American economy is teetering and headed toward a collapse that will be worse than the Great Depression?

- Source, David Morgan