Thursday, November 28, 2013

China Gives Thanks For Cheap Gold

Gold’s organized retreat. Who benefits?

The most rapidly depreciating currency in the world

David Stockman Fears "Panic" When The "Lunatic" Fed "Loses Control"

Well, David Stockman certainly isn't drinking the Kool-Aid.  I agree with him, but timing bursting of asset bubbles is never easy to do.  As exaggerated as asset prices are in equities, they can become stretched to even more irrational levels in a melt up.

Even if nominal values appreciate, if the sovereign fiat currency in question is in a free fall, real wealth is not achieved.  For example, if soaring stock markets are an accurate indicator of prosperity, Zimbabwe would be the wealthiest nation in the world.  Clearly, that is not the case for the former advanced economy of the once-prominent Rhodesia.

Stockman's case for the Fed exporting currency devaluation to other countries is absolutely true, as central bank balance sheets are exploding globally.  Jim Rickards wrote his best-selling Currency Wars on that very premise of a race to the bottom.  Currency wars never end well, but when the entire planet is doing it (which is unprecedented in world history), the outcomes may very well be our worst nightmare economically.

Wednesday, November 27, 2013

Paul Craig Roberts - The US Is Being Destroyed

Stunning Bullion Bank Moves As LBMA & Comex Implode

Here’s The Truth Governments Don’t Want The Public To See

Inflation 101:  concepts that professional Keynesian economists can't or won't wrap their heads around.

Absolutely Astonishing Developments In The War On Gold

Double, double toil and trouble. ‘Treasuries’ burn and ‘markets’ bubble

The Fed is trapped--and we are cooked...,-double-toil-and-trouble-treasuries-burn-and-markets-bubble/

Sunday, November 24, 2013

China’s Frightening Plan To Dominate The World

One Of The Most Terrifying Predictions For The Year 2014

Number of Prisoners in the US

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Jim Sinclair Named Executive Chairman of Singapore Precious Metals Exchange (SGPMX)

Inflation is Raging – If You Know Where to Look

I would add BitCoin to the list of tangible assets experiencing inflation.

Where Did All The Gold Go?
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Thursday, November 21, 2013

Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You

Bad news for woman cited as Obamacare success story

Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats Are Flawed

Gold pours into China to meet record demand, bypasses Hong Kong

Ray Dalio & Larry Summers - Fed Faced With A Difficult Choice

Nazi Style Fed Propaganda Used To Smash Gold Market

Wednesday, November 20, 2013

Historic Chaos, Crisis & The War Between Inflation & Deflation

Labor Force Participation Rate

Word is finally leaking out that the Bureau of Labor Statistics fudges their unemployment data, painting a rosier employment picture than reality.  It renders the U-3 unemployment rate completely meaningless and masks the truly precarious joblessness of the US.

The labor force participation rate is the true indicator of how putrid the labor economy is.  It has sunk to a 35-year low.  The US was embroiled in one of the worst recessionary stagflations under the Jimmy Carter presidency in 1978.  The US economy wasn't growing then--and it's not growing today, despite equally rigged GDP growth data--again, released by the BLS.

Government statistics have become one big propaganda campaign of disinformation.  Actual labor force participation may be even worse, as the rate is published guessed it...the BLS.

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US Fed to get greater powers: Bernanke

As usual, the headlines are misleading.  The Fed is enacting laws--in conjunction with the International Monetary Fund--to prevent a taxpayer-funded bank bailout at the onset of the next financial crisis.  It sounds reasonable and noble enough, given the plundering of tax funds to recapitalize the collapsed banking industry in 2008.

The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank.  In other words, they will raid customer deposits.

Obamacare: The Final Nail In The Coffin For The Middle Class

The October 2012 Pre-Election Jobs Report Was Faked

Government To Investigate Government Over Jobs Manipulation Report

Tim Geithner in January 2013: “Extremely Unlikely Will Take a Job in the World of Finance”

Gold Manipulation Probed By U.K. Regulator

Every market has been rigged and manipulated.  All except the precious metals sector.  At least that's what the status quo wants the sheeple to believe.

Tuesday, November 19, 2013

Warning - NSA To Oversee Individual Bank Accounts & Wealth

Ex-Treasury Secretary Shot With JFK - Vast Criminality In US

Ex-Fed official: 'I'm sorry for QE'

This is another example of a former government official speaking the truth only AFTER he leaves office.

Moody’s cuts ratings of three big US banks

First the good news:  tax payers will no longer be on the hook for bailing out banks in the event of a banking crisis.

Here's the bad news:  depositors and credit holders will be raided in the event of a bank bail-in.

Economists: Long-term joblessness is national emergency

It is not coincidental that former government workers only speak the truth AFTER they are no longer working for the government.

Monday, November 18, 2013

Behind the Scenes Glimpse At The War On Gold & Silver

“Orwellian Propaganda,” Delays & A Catastrophic Ending

The Largest & Most Spectacular Rise & Fall In History

Stockman - Worldwide Turmoil To Be Far Worse Than 1981

Stunning Events To Create A Historic Financial Earthquake

Art Cashin - Enormous Danger Facing US & The World

The United States Is Now In A Catastrophic Default

David Stockman - Lunatic Fed Engineering Global Collapse

Chilling Warning Coming From China & The Elites

Asian Central Banker’s Shocking Confession About The West

Welcome to the Currency War, Part 11: Europe’s Imploding Recovery

Sunday, November 3, 2013

China's Gold Hoarding Continues: Over 2,200 Tons Imported In Two Years

Wikileaks Discloses The Reason(s) Behind China's Shadow Gold Buying Spree

eBay CEO weighs PayPal bitcoin option

I told you so.  Those who doubted the legitimacy of digital currencies were short-sighted.  I blogged about this here.  Now Ebay and PayPal are planning to incorporate crypto-currencies.  I knew this because I saw PayPal and VISA representatives at a small BitCoin gathering in San Francisco.

"If you like your health care plan, you can keep your health care plan." Barack Obama Supercut

Annihilation of U.S. Dollar Coming-Jim Sinclair

Let me de-brief you on Jim Sinclair's track record.  He predicted gold would soar above $850 in the 1970's, when it was fixed at $35.  He sold at the 1980 absolute top--to the day, at $875.

When gold was languishing below $300 a decade ago, he predicted gold would reach $1650.   In 2011, gold reached a peak of $1923.  With gold in the low $1300's recently, he is forecasting price targets of $3,500--and $50,000.

I hope he is wrong.  But over the last four decades, he hasn't been.
Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”  By 2020, Sinclair predicts, “Emancipated gold will be $50,000 per ounce.”

Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination

US emergency food providers brace as $5bn food stamp cuts set in

Israel ‘furious’ with White House for leak on Syria strike

The roster of US allies pissed of at Washington is growing.  Conversely, the list of US allies is shrinking.

Financial Destruction Will Be Unleashed On Global Economies

The United States Is Now Set To Plunge Into Economic Chaos

LBMA Collapse To Expose US, Europe & BIS Gold Is Gone

The Fed Is Going To Shock Markets By Increasing QE

We Are Now In The “Last Innings” Of The End Game
The Western world is still faced with increasing debt.  The mainstream media has been focused on the fact that there was a very small decline in the budget deficit, but if you look back in history it took the United States 192 years to rack-up $1 trillion of debt.  Then, the next $1 trillion of debt took only 30 years.  Astonishingly, now we are going through $1 trillion each year.

Right now China has somewhere on the order of $1.2 trillion, and has been diversifying away from those dollar reserves into everything from skyscrapers, to companies, to gold.  The Chinese will continue to do that, but, meanwhile, because of the slowdown of international investors buying dollars, ironically the Fed has had to print dollars in order to buy dollars (laughter ensues).  That, too, is unsustainable.

Danger For The West As China Makes Global Chess Moves

The Frightening Thing That Threatens To Crash World Markets