Last week, Treasury Secretary Janet Yellen warned that the measures underway to preserve cash at the US Treasury were likely to run out in mid-October. Unless Congress acts to raise the debt ceiling, there could be a potentially debt cliff where a number of government programs simply don’t get paid.
That’s a scenario that nearly unfolded in 2011. 10 years ago, it also provided the stock market with a flat return for the year and a closest thing to a selloff since the housing crisis two years before that. Last week’s market weakness may be starting to reflect the increasing likelihood of this scenario playing out, while Congress talks infrastructure spending and the President is focused on increasing vaccine mandates rather than focus on the debt cliff.
Those policies may change on a market selloff, but it may also take a market selloff for that to happen. It’s just another reason to be more cautious than usual in the weeks ahead.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,796.06 (-1.8%)
Silver … $23.91 (-3.6%)
Platinum … $965.30 (-6.6%)
Palladium … $2,109.22 (-14.1%)
Now here’s the rest of the news:
Why Two Billionaires Think Gold’s Going Much Higher
Famed investors John Paulson and Mark Mobius make their separate cases for diversifying with gold. Mobius gives one surprising reason to keep some physical gold “under the mattress”… [Read Here]
U.S. Economy Entering Economic Red Zone
Between the pandemic and government’s multi-trillion-dollar response, the economy looks shaky. Brandon Smith of Alt-Market.us reviews the major risks ahead… [Read Here]
Here’s Why We Need a One-Handed Economist
Per usual, Powell’s Jackson Hole speech used lots of words to say nothing. Meantime, the U.S. is stuck in a wealth destruction trap. Is it time to double down, or time to cash out? [Read Here]
September 13, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! You Come From Aways!
It doesn’t matter how you get there … only that you come to visit!
September 13, 2019
“Man, alone, has the power to transform his thoughts into physical reality; man, alone, can dream and make his dreams come true.” —Napoleon Hill
Visualize Your Success
If you’ve had any kind of exposure to success technologies, you’ve certainly heard about the power of visualization.
Well, it’s true. It works. We attract what we think about. And we do it all the time — consciously or unconsciously. The key is to direct our visualization in a positive rather than a negative fashion — to take charge of what we visualize in order to attract what we want.
Our subconscious minds can’t tell the difference between reality and what we vividly imagine. It’s a powerful thing indeed.
Many people don’t consciously visualize on a regular basis. They think they can’t do it right, so they figure, why bother. But like anything else, it takes practice. The more you do it, the better you get. The payoff is substantial.
“A vision without a task is but a dream. A task without a vision is drudgery. A vision with a task is the hope of the world.”
Picture what you want. Imagine all the details. Use all of your senses. Fill your mind with a vibrant, real picture of your success. You get what you focus on, so focus on your success. 🙂
September 13, 2018
Giving and Receiving
Do you want more love in your life? Then give more love.
Want more peace in your life? Then be more peaceful.
I know a young man who stands before the great “woodstove of life” and says, “Give me heat and I’ll give you wood.” For some reason, he feels the world owes him a livelihood with no regard for his contribution.
I’m not sure how he arrived at this point of view, but I know it’s not working for him. He’s outside the realm of proven universal principles and the results in his life reflect that.
And they always do. Wherever we’re experiencing lack, we must look for what we’ve failed to give.
If you want more of something in your life, you need to give more of what you want.
Think about the people you respect and admire. Aren’t they the ones who have given the most? Of course they are.
Cause and Effect
Some have referred to this principle as the Law of the Farm: In order to harvest in the fall, we must plant in the spring. We must give seed in order to have a crop.
But it’s not a “tit-for-tat” equation.
The law is bigger than that. We get much more than we give. Why would we plant a kernel of corn to get back only another kernel? No, we plant a kernel to grow a stack of corn that brings forth hundreds of kernels.
We all have something to give. We all have unique qualities and talents we can give to others.
We increase our value in the marketplace by bringing more value to the marketplace. It’s really just that simple.
If we want more in our life, then we must give more value. It might not show up as soon as we’d like and it might not return in the ways we thought it would. But rest assured, you cannot give without receiving. One is not even better than the other. They’re just different parts of the same circle.
September 13, 2017
Here’s a quick snap of Esme finding her first geocache in New Brunswick. I chuckle with the pictures we took, and the many smiles we shared, and what fun we had.
Directly below Caryl and myself; [and to the right] Alan and Olly Douglas.
What a WHALE of a day!
Caryl and I talk about our vacation to Nova Scotia with friends and family all-the-time; but to the family that shared these experiences firsthand, I owe my utmost understanding of what traveling together means.
When we went whale watching this day, sure we saw whales, but what hit me was the immensity of the water, the tight quarters on board this, our tall ship, and how we relied upon each other, as those traveling half-way around the world must have depended upon each other for their very survival. What a fabulous day this was … I, as my wife Caryl, will remember it always! Thanks…
We’ll be back!