from Kerry Lutz's Financial Survival Network
The discussion focused on the challenges of the upcoming tax season, with Kerry Lutz emphasizing the need for organization and patience as deadlines approach. Chris Hervochon, a CPA, advised clients to stay informed about potential tax legislation changes, including speculation about tax relief for individuals earning less than $150,000 and the uncertain future of provisions from the Tax Cuts and Jobs Act. Lutz also addressed Florida’s property tax elimination proposal, advocating for alternative funding sources and questioning the seriousness of balanced budget efforts. The conversation highlighted the complexities of evolving tax regulations and the mixed effectiveness of digital tools for taxpayers, with Chris noting that while technology aids some, many still face difficulties.
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When I originally floated the idea that Bitcoin could be used by the U.S. government to help pay down the national debt and recapitalize Social Security, the reaction was swift—and not always polite.
Crude oil priced in gold has reached the second lowest levels in history. This is mainly due to record high gold prices rather than low oil prices. In our view, gold is more efficiently pricing in future dollar devaluation than oil prices as oil prices remain bound to near-term supply and demand dynamics of a potential global recession. But also other asset classes such as real estate appear “cheap” on a historical basis when priced in gold. We believe that this is the result of the market realizing that further currency devaluation is inevitable and gold prices that in better than any other asset
The U.S. dollar has been breaking down as capital continues to flow out of America, creating a strong tailwind for gold.
This is a very difficult time for real estate agents and homeowners that are trying to sell their homes. As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since 2009. Needless to say, in March 2009 we were in the middle of the Great Recession. Meanwhile, the number of unsold homes that are currently on the market just continues to pile up. This is likely to put an enormous amount of downward pressure on home prices in the months ahead.
Federal Reserve Governor Michael Barr is urging banks to begin collecting behavioral and biometric data from customers to combat deepfake digital content created through ID. These deepfakes are capable of replicating a person’s identity, which “has the potential to supercharge identity fraud,” Barr warned.
The 3-year 50% price explosion has caused epic demand destruction. Prices are way too high. But mortgage rates are back in the historically normal range above 6%.
Fresh off her 2018 upset New York Democratic congressional primary win, Alexandria Ocasio-Cortez (better known as AOC) and Massachusetts Sen. Edward Markey announced they were launching an ambitious legislative plan called the Green New Deal. While people who had a grounding in economic thought found this new initiative to be naïve at best and destructive at worst, nonetheless it has energized American progressives and other environmental true believers.
Several major blue cities in the U.S. have been marred by a slate of massive budgetary problems in recent years.
A disgraced New Mexico magistrate judge and his wife are under arrest after they allegedly harbored reported Tren de Aragua gang members. The judge resigned from his position last week after Immigration and Customs Enforcement officials arrested a Venezuelan man said to be living on his property.
Why was a man who was legally protected from deportation sitting in one of the world’s most notorious prisons in El Salvador? This week on Just Asking Questions, Pulitzer Prize–winning journalist Glenn Greenwald returns to discuss a case that cuts to the heart of American constitutionalism and due process. Greenwald, known for his reporting on the National Security Agency and his founding role at The Intercept, has become one of the most consistent civil libertarian voices in politics. He joins Liz Wolfe and Zach Weissmueller to break down how and why the Trump administration ignored a court order to deport Kilmar Abrego Garcia, and why this defiance should concern everyone, regardless of their politics.
It’s been three months since Vice President Vance cast the tie-breaking vote to confirm Pete Hegseth as Defense secretary. The Deep State worked hard to scuttle Hegseth’s nomination in December and January with a steady drip of news stories calling his character into question, but President Trump and his trusted veep stood by their man and applied enough pressure on wayward Republican senators to secure his confirmation. Suddenly, corporate propagandists posing as reporters are back with fresh stories meant to undermine Secretary Hegseth and get him fired from the Pentagon’s top post.
Below is an email a gold pawnbroker sent to King World News.
A few readers thought I went a bit too far in my column two days ago when I expressed concern that if President Trump loses the existential conflict between Mega Americans and the corrupt anti-American Establishment, a return to power of the Democrats will mean oppression for traditional white ethnic Americans. Not in America, they said. But, yes, especially in America.
The United States imported 438 billion dollars worth of goods from China in 2024. All of a sudden, most of that trade is being cut off. Tariffs on Chinese goods are now so high that it no longer makes economic sense for Chinese companies to export products to us, and it no longer makes economic sense for U.S. companies to import products from China. As a result, container bookings are absolutely plummeting, and retail CEOs are warning that store shelves all over America will “soon be empty”. Yes, retailers will attempt to find replacement items from other sources when it is possible to do so. But in many cases, things that are made in China are not made anywhere else. As retailers run through existing inventory levels, shortages will begin to emerge.
Originally published via Armageddon Prose: