The Austin Report

News & Opinions About Gold & Silver

June 06, 2023
$500 Sign Up Bonus at McDonalds…. Do What?

$500 Sign Up Bonus at McDonalds…. Do What?

Inflation, My Diary
In a world that often feels turned upside down, there was proof again in a sign in front of a McDonalds that said— “HIRING $500 SIGN-ON BONUS.” Yes, that seems incomprehensible me, simply upside down. Let’s see, we’ve been paying…
Bond King Says Bonds Are Trash

Bond King Says Bonds Are Trash

U.S. Debt Bomb
Bonds are a ticking time bomb— and an expert confirms our worse fears. Bill Gross is the man formerely known as the “Bond King.” Today, Gross is warning that the Federal Reserve’s upcoming taper of bond buying will cause the benchmark…

Inflation Continues at 5.3% in August

Inflation
The “official” inflation rate has been so low, for so long, that I’m going out on a limb to warn readers about Inflation. Monetary inflation, the ballooning of the money supply, has become totally irrational during the Covid Crisis. We…
Afghanistan— The Graveyard of Great Empires

Afghanistan— The Graveyard of Great Empires

My Diary
Afghanistan has been known historically as the “graveyard of empires” for very good reasons. As we tally up the United States spending of more than $2 trillion on the Afghan war, there are many lessons to be learned in understanding…
Buffett Indicator Warns of Overpriced Stocks

Buffett Indicator Warns of Overpriced Stocks

Boom and Bust
There is no doubt that the $7 Trillion Dollars of Covid Pandemic spending has boosted U.S. Stock prices to historic levels, but the famous “Buffett Indicator” is flashing extreme warning signs. For the third time this century, this valued indicator…
Cryptocurrencies Neither Rare Nor Limited

Cryptocurrencies Neither Rare Nor Limited

Cryptocurrency
We found these interesting thoughts from the Wall Street Journal on cryptocurrencies that we want to share with you. “Cryp­tocur­ren­cies are sup­posed to be a hedge against in­fla­tion be­cause is­suance is usu­ally re­stricted. But that’s only true of an in­di­vid­ual…

Inflation Hits 5% — There’s More to Come

Inflation
Interesting how the Federal Reserve acted surprised when the official U.S. inflation hit 5%. Our readers were not shocked by this announcement. Any of our articles on inflation have predicted that inflation is inevitable. Not only have we seen 5%…