Thursday, December 31, 2015
Wednesday, December 30, 2015
The Catastrophic Threat of Bail-Ins
I've been blogging about the imminent dangers of bank bail-ins for several years now. This is an articulate explanation of what to expect in the aftermath of the next financial crisis.
https://www.sprottmoney.com/blog/the-catastrophic-threat-of-bail-ins-jeff-nielson.html
https://www.sprottmoney.com/blog/the-catastrophic-threat-of-bail-ins-jeff-nielson.html
Labels:
Bail-Ins,
Catastrophic,
threat
Saturday, December 26, 2015
Friday, December 25, 2015
Sunday, December 20, 2015
In your face "Black Swan"!
As America decays, the USDollar's status as reserve currency degenerates further.
http://www.jsmineset.com/2015/12/19/in-your-face-black-swan/
http://www.jsmineset.com/2015/12/19/in-your-face-black-swan/
Labels:
black swan,
In your face
Students at Lena Dunham’s college offended by lack of fried chicken
I couldn't tell if this is Onion-like satire, or if this politically-correct world has gone insane.
http://nypost.com/2015/12/18/pc-students-at-lena-dunhams-college-offended-by-lack-of-fried-chicken/
http://nypost.com/2015/12/18/pc-students-at-lena-dunhams-college-offended-by-lack-of-fried-chicken/
Labels:
College,
Fried Chicken,
lack,
Lena Dunham,
offended,
students
Saturday, December 19, 2015
Hedge Fund Gold Positioning Has Never Been This Extreme
The meme here is short-term trading hedge fund managers are not the smartest guys in the room. It generally pays well to be a contrarian when it comes to gold futures. And right now, the hedgies have never been more bearish.
http://www.zerohedge.com/news/2015-12-19/hedge-fund-gold-positioning-has-never-been-extreme
http://www.zerohedge.com/news/2015-12-19/hedge-fund-gold-positioning-has-never-been-extreme
Click on Image to Enlarge |
Labels:
extreme,
Gold Positioning,
hedge fund,
never
Andrew Maguire – Absolutely Stunning Developments In The Gold Market And At The LBMA
There are many complex and convoluted concepts in the enclosed article by Andrew Maguire. The short version is that the physical gold market will overwhelm the leveraged paper futures markets. At the end of the day, billions of paper ounces are being created out of thin air, but Mother Nature only yields a finite amount of gold in her crust. Hence, own the physical.
http://kingworldnews.com/andrew-maguire-absolutely-stunning-developments-in-the-gold-market-and-at-the-lbma/
http://kingworldnews.com/andrew-maguire-absolutely-stunning-developments-in-the-gold-market-and-at-the-lbma/
Labels:
Andrew Maguire,
gold market,
LBMA
Thursday, December 17, 2015
Wednesday, December 16, 2015
Amazing. Look at how silver has held its value for 23 centuries–
Gold has a history of maintaining its purchasing power for over 6000 years. It looks like silver is right behind.
https://www.sovereignman.com/trends/amazing-look-at-how-silver-has-held-its-value-for-23-centuries-18368/
https://www.sovereignman.com/trends/amazing-look-at-how-silver-has-held-its-value-for-23-centuries-18368/
Labels:
23 centuries,
Amazing,
held,
silver,
value
Tuesday, December 15, 2015
Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC Investigation
Regulators hitting below the belt.
http://www.zerohedge.com/news/2015-12-15/obamas-vendetta-gun-makers-gets-personal-smith-wesson-shares-plunge-after-call-sec-i
http://www.zerohedge.com/news/2015-12-15/obamas-vendetta-gun-makers-gets-personal-smith-wesson-shares-plunge-after-call-sec-i
Labels:
Call,
Gun Makers,
Obama,
Personal,
plunge,
SEC Investigation,
shares,
Smith & Wesson,
Vendetta
Bitcoin Or Gold: Did The Alleged Bitcoin Creator Just Settle Once And For All What Is More Valuable?
Just as I suspected, Bitcoin may not be as anti-dollar as many proponents believe.
"Money is gold, and nothing else." - JP Morgan, 1912
http://www.zerohedge.com/news/2015-12-14/bitcoin-or-gold-did-alleged-bitcoin-creator-just-settle-once-and-all-what-more-valua
"Money is gold, and nothing else." - JP Morgan, 1912
http://www.zerohedge.com/news/2015-12-14/bitcoin-or-gold-did-alleged-bitcoin-creator-just-settle-once-and-all-what-more-valua
Sunday, December 13, 2015
Thursday, December 10, 2015
Wednesday, December 9, 2015
The IMF Just Entered The Cold War - Forgives Ukraine's Debt To Russia
The cold war just got colder. And so will Ukrainians if they don't pay their natural gas bills to Russia.
http://www.zerohedge.com/news/2015-12-09/imf-just-entered-cold-war-forgives-ukraines-debt-russia
http://www.zerohedge.com/news/2015-12-09/imf-just-entered-cold-war-forgives-ukraines-debt-russia
Tuesday, December 8, 2015
The Fallacy that Weakening Your Currency Generates Prosperity
The author is correct in declaring debasing one's currency diminishes the purchasing power of a nation's citizens, thereby dampening economic growth. But he offers no solutions in this article. Hedging against reduced purchasing power requires owning hard, tangible assets, including physical precious metals.
http://charleshughsmith.blogspot.com/2015/12/the-fallacy-that-weakening-your.html
http://charleshughsmith.blogspot.com/2015/12/the-fallacy-that-weakening-your.html
Labels:
currency,
Fallacy,
Generates,
prosperity,
Weakening
Monday, December 7, 2015
James Turk – Oil Plunges 6 Percent To New Lows But What About Gold And Silver?
http://kingworldnews.com/james-turk-oil-plunges-another-6-percent-to-new-lows-but-what-about-gold-and-silver/
...the precious metals continue to trade within a 2-tiered market. The two markets are interrelated because they intersect at the spot price of gold, but they are fundamentally different.
One tier is the physical market, and the second tier is of course the paper market. In the former, people own physical gold. In contrast, in the paper market, people only own exposure to the gold price. They don’t own gold.
When you own a futures contract, option or gold ETF, you don’t own physical gold. Similarly if you own a forward contract for which someone like a bullion bank is obligated to deliver metal to you at some future date, you own paper-gold. All paper-gold comes with is counterparty risk, which changes gold from a safe-haven to just another financial instrument.
Sunday, December 6, 2015
Thursday, December 3, 2015
Housing Bubble 2 in One Chart
http://charleshughsmith.blogspot.com/2015/12/housing-bubble-2-in-one-chart.html
Click on Image to Enlarge |
Labels:
Housing Bubble 2,
One Chart
Wednesday, December 2, 2015
Tuesday, December 1, 2015
Monday, November 30, 2015
Saturday, November 28, 2015
Friday, November 27, 2015
The World Is Now On The Edge Of Massive Financial Destruction And Total Chaos
http://kingworldnews.com/the-world-is-now-on-the-edge-of-massive-financial-destruction-and-total-chaos/
Unprecedented money printing by the Fed, European Central Bank, Bank of Japan, Bank of Canada, International Monetary Fund, and others is guaranteed. There are global debts of $225 trillion and derivatives of $1.5 quadrillion that can never be repaid with real money. With interest rates at zero or even negative, central banks have run out of tools to save the world economy. The only thing they have left is money printing, though they probably know that this will have no effect because you cannot create wealth with worthless pieces of paper. If that was the case we should all stop working and just print.
Labels:
Edge,
financial destruction,
massive,
now,
total chaos,
world
Wednesday, November 25, 2015
Tuesday, November 24, 2015
An Open Letter To Chairwoman Yellen From the Savers of America
Yes, I can be labeled "conservative" on many issues, but I've never agreed more on this topic than a very "liberal" Ralph Nader.
https://blog.nader.org/2015/10/30/an-open-letter-to-chairwoman-yellen-from-the-savers-of-america/
https://blog.nader.org/2015/10/30/an-open-letter-to-chairwoman-yellen-from-the-savers-of-america/
Labels:
America,
Chairwoman Yellen,
open letter,
savers
Sunday, November 22, 2015
Saturday, November 21, 2015
Friday, November 20, 2015
Monday, November 16, 2015
Paris and What Should Be Done
One can love or hate his politics, but Ron Paul seems to bring sanity to the debates on foreign policy.
http://ronpaulinstitute.org/archives/featured-articles/2015/november/15/paris-and-what-should-be-done/
http://ronpaulinstitute.org/archives/featured-articles/2015/november/15/paris-and-what-should-be-done/
Labels:
Paris,
Should Be Done
Sunday, November 15, 2015
The Secret To Defeating The New World Order
https://www.youtube.com/watch?v=P-7YOrbRe_0
"Humanity will adapt to being enslaved." - head of a major bank
Labels:
Defeating,
new world order,
secret
The False Flag Link: Passport "Found" Next To Suicide Bomber Was "Definitely A Forgery"
It appears the passport "found" in Paris was a false flag also (see 9/11).
http://www.zerohedge.com/news/2015-11-15/false-flag-link-passport-found-next-suicide-bomber-was-fake-claim-us-french-sources
http://www.zerohedge.com/news/2015-11-15/false-flag-link-passport-found-next-suicide-bomber-was-fake-claim-us-french-sources
Labels:
Definitely,
False Flag,
Forgery,
found,
Link,
next,
passport,
Suicide Bomber
Saturday, November 14, 2015
Something Went Wrong on the Way to the Future
http://bonnerandpartners.com/something-went-wrong-on-the-way-to-the-future/
Just taking the unvarnished numbers, the average working stiff in 1975 earned $8,853 (in 1975 dollars). Now, he earns $36,302.
Ford introduced its F-150 in 1975. We weren’t able to find an exact price, but it appears to have been sold at about $5,000. Today, an F-150 Super Cab sells for about $28,000.
The average new home sold for $39,000 in 1975. Today, it sells for $364,100. In very raw terms, if a man wanted to buy a house and a car in 1975 he had to work just under five years to pay for them. If he wants a house and a car today, he has to work almost 11 years…
Labels:
future,
Something,
Way,
Went Wrong
Kyle Bass Explains Why He Had The U of TX Take Physical Delivery Of $1 Billion in Gold
I will repeat the following information for newbies: Kyle Bass, of Hayman Capital, is on the board of UTIMCO, the University of Texas endowment fund, which happens to be the second largest in the world--next to Harvard's endowment fund. Bass was chronicled in Michael Lewis' The Big Short, due to the fact that he and Hayman Capital's clients profited immensely after the implosion of the subprime mortgage bubble.
In short, Bass has a history of identifying distortions in the market before they collapse--and positions himself to profit from said distortions. He's a contrarian, rarely following conventional wisdom. He knows his stuff. Here's what he had to say about gold and why UTIMCO took delivery of their physical gold and traded out of the GLD ETF, which is an ETF holding un-allocated and fractional reserve gold, qualifying it as a ponzi scheme for the clear-eyed.
https://youtu.be/lgNVNTvlpFY
In short, Bass has a history of identifying distortions in the market before they collapse--and positions himself to profit from said distortions. He's a contrarian, rarely following conventional wisdom. He knows his stuff. Here's what he had to say about gold and why UTIMCO took delivery of their physical gold and traded out of the GLD ETF, which is an ETF holding un-allocated and fractional reserve gold, qualifying it as a ponzi scheme for the clear-eyed.
https://youtu.be/lgNVNTvlpFY
Labels:
$1 Billion In Gold,
Explains,
Kyle Bass,
physical delivery,
U of Texas
Friday, November 13, 2015
'Gold' Spikes Off 2015 Lows As Gold Coin Sales Surge To Highest Since Financial Crisis
Soaring demand for physical gold against a backdrop of declining (paper) prices for gold--nothing to see here, folks...
http://www.zerohedge.com/news/2015-11-12/gold-spikes-2015-lows-gold-coin-sales-surge-highest-financial-crisis
http://www.zerohedge.com/news/2015-11-12/gold-spikes-2015-lows-gold-coin-sales-surge-highest-financial-crisis
Labels:
financial crisis,
gold,
gold coin sales,
highest,
Lows,
Since,
spikes,
surge
Monday, November 9, 2015
Sunday, November 8, 2015
Pentagon report predicted West’s support for Islamist rebels would create ISIS
https://medium.com/insurge-intelligence/secret-pentagon-report-reveals-west-saw-isis-as-strategic-asset-b99ad7a29092
A declassified secret US government document obtained by the conservative public interest law firm, Judicial Watch, shows that Western governments deliberately allied with al-Qaeda and other Islamist extremist groups to topple Syrian dictator Bashir al-Assad.The document reveals that in coordination with the Gulf states and Turkey, the West intentionally sponsored violent Islamist groups to destabilize Assad, and that these “supporting powers” desired the emergence of a “Salafist Principality” in Syria to “isolate the Syrian regime.”According to the newly declassified US document, the Pentagon foresaw the likely rise of the ‘Islamic State’ as a direct consequence of this strategy, and warned that it could destabilize Iraq.
One Day After Obama Kills Keystone XL Pipeline Another Buffett-Owned Oil Tanker Train Derails In Wisconsin
Gee, another railcar derailment. What a surprise. Not.
http://www.zerohedge.com/news/2015-11-07/another-buffett-owned-oil-tanker-train-derails-wisconsin-one-day-after-obama-kills-k
http://www.zerohedge.com/news/2015-11-07/another-buffett-owned-oil-tanker-train-derails-wisconsin-one-day-after-obama-kills-k
Labels:
Buffett-Owned,
Derails,
Keystone XL,
Kills,
Obama,
Oil Tanker Train,
Pipeline,
Wisconsin
Thursday, November 5, 2015
Tuesday, November 3, 2015
Monday, November 2, 2015
Ban Ki-Moon Condemns The American Stand On Syria, Endorses Putin's
Even the United Nations, traditionally lapdogs for US foreign policy, is denouncing Obama's confused and destructive policies in Syria.
http://www.zerohedge.com/news/2015-11-01/ban-ki-moon-condemns-american-stand-syria-endorses-putins
http://www.zerohedge.com/news/2015-11-01/ban-ki-moon-condemns-american-stand-syria-endorses-putins
Labels:
American Stand,
Ban Ki-Moon,
Condemns,
Endorses,
Putin,
Syria
Sunday, November 1, 2015
Congresswoman Calls US Effort To Oust Assad "Illegal," Accuses CIA Of Backing Terroists
Kudos to this Congresswoman for speaking the truth on the illegal war the US is waging in Syria. The same is true in Iraq, Libya, and Ukraine.
http://www.zerohedge.com/news/2015-10-31/congresswoman-calls-us-effort-oust-assad-illegal-accuses-cia-backing-terroists
http://www.zerohedge.com/news/2015-10-31/congresswoman-calls-us-effort-oust-assad-illegal-accuses-cia-backing-terroists
Labels:
Accuses,
Assad,
Backing Terroists,
CIA,
Congresswoman,
Illegal,
Oust,
US Effort
Saturday, October 31, 2015
Andrew Maguire – Goldman Sachs Robbing Producers And Misleading The Public About The Gold Market
http://kingworldnews.com/andrew-maguire-goldman-sachs-robbing-producers-and-misleading-the-public-about-the-gold-market/
Let’s not forget seasoned traders and investors don’t take the Psyops (psychological operations) bait, as we are well conditioned to know that when Goldman Sachs makes a call of any sort, they are guaranteed to be on the other side of that trade.
Labels:
Andrew Maguire,
gold market,
Goldman Sachs,
misleading,
public,
Robbing Producers
Friday, October 30, 2015
Obama, Kerry Throw In The Towel: US Prepared To Accept Assad Regime In Syria
Every empire decays eventually. At some point, the US will have to accept a non-exceptionalism, multi-polar world. And currency.
http://www.zerohedge.com/news/2015-10-30/obama-kerry-throw-towel-us-prepared-accept-assad-regime-syria
http://www.zerohedge.com/news/2015-10-30/obama-kerry-throw-towel-us-prepared-accept-assad-regime-syria
Thursday, October 29, 2015
Venezuela Sells Billions In Gold To Repay Its Debt
Hugo Chavez is rolling over in his grave.
http://www.zerohedge.com/news/2015-10-29/venezuela-sells-billions-gold-repay-its-debt
http://www.zerohedge.com/news/2015-10-29/venezuela-sells-billions-gold-repay-its-debt
Where did Venezuela obtain the funds needed to make these debt payments?
The answer: it has been dumping its gold, which its former ruler Chavez worked hard in 2011 to repatriate from London, and which its current president Maduro, just four short years later, is busy sending back to its creditors.
Wednesday, October 28, 2015
EXPOSED: The Terrifying Truth About What We Are Facing In The Future
Fed Chair Janet Yellen has threatened/promised (depending on whether you're an investor or an economist) to raise interest rates for two years. How much longer will the pundits be fooled?
http://kingworldnews.com/exposed-the-terrifying-truth-about-what-we-are-really-facing-in-the-future/
http://kingworldnews.com/exposed-the-terrifying-truth-about-what-we-are-really-facing-in-the-future/
Labels:
exposed,
Facing,
future,
Terrifying Truth
Tuesday, October 27, 2015
Washington's Syria "Strategy" In Complete Disarray As "Ally" Turkey Bombs US-Armed Rebels
http://www.zerohedge.com/news/2015-10-27/washingtons-syria-strategy-complete-disarray-ally-turkey-bombs-us-armed-rebels
Labels:
Ally,
Bombs,
Complete Disarray,
Syria Strategy,
Turkey,
US-Armed Rebels,
Washington
Monday, October 26, 2015
Thursday, October 22, 2015
Goldman Is Getting Nervous: "There Are Significant Risks To Our Forecast For Gold Price Weakness"
This is as close to a "mea culpa" that Goldman Sachs will ever admit to.
http://www.zerohedge.com/news/2015-10-21/goldman-getting-nervous-there-are-significant-risks-our-forecast-gold-price-weakness
http://www.zerohedge.com/news/2015-10-21/goldman-getting-nervous-there-are-significant-risks-our-forecast-gold-price-weakness
Labels:
Forecast,
Getting Nervous,
gold,
goldman,
Price Weakness,
Significant Risks
Wednesday, October 21, 2015
Tuesday, October 20, 2015
Moscow doubles down on Washington
As I've said many times, it's all about the dollar. Or more accurately, the petrodollar.
https://www.rt.com/op-edge/318753-moscow-washington-war-syria/
https://www.rt.com/op-edge/318753-moscow-washington-war-syria/
Labels:
Doubles Down,
Moscow,
Washington
Saturday, October 17, 2015
Friday, October 16, 2015
Tuesday, October 13, 2015
Thursday, October 8, 2015
Wednesday, October 7, 2015
Monday, October 5, 2015
Sunday, October 4, 2015
Friday, October 2, 2015
"They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor Force
The decrease in labor force participation among prime-age individuals has been driven mostly by the share who say they currently don't want a job.
Wow, what a crock of $hit from the Atlanta Fed.
Labels:
Don't Want,
Explanation,
Fed,
Grotesque,
Job,
labor force,
out,
why
Silver-coin shortage shows bright side of precious metal collapse
This CNBC reporter correctly exposes the severe shortage in physical silver but incorrectly attributes it to soaring demand from "mom and pop" investors, as if we're somehow unsophisticated, misguided hayseeds who fell off the turnip truck. She knows nothing of the bifurcation of COMEX paper silver prices and physical silver pricing, which are carrying huge premiums above spot price. There is a reason why premiums are soaring. Get a clue, Marcy.
Or maybe she does know what's going on, but is paid to publish misinformation.
http://www.cnbc.com/2015/09/30/reuters-america-silver-coin-shortage-shows-bright-side-of-precious-metal-collapse.html?ref=yfp
Or maybe she does know what's going on, but is paid to publish misinformation.
http://www.cnbc.com/2015/09/30/reuters-america-silver-coin-shortage-shows-bright-side-of-precious-metal-collapse.html?ref=yfp
Labels:
bright side,
collapse,
Precious Metal,
shortage,
silver coin
Monday, September 28, 2015
UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal
To those who seek justice, this is good news--kind of. Because the biggest manipulators are not named in this latest regulatory probe.
http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal
http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal
Labels:
Blow,
Cover,
Gold-Rigging Scandal,
massive,
UBS
Sunday, September 27, 2015
Tuesday, September 15, 2015
Monday, September 14, 2015
STUNNING: What Caused The Bank Of England To Halt Gold Leasing In A Panic?
http://kingworldnews.com/stunning-what-caused-the-bank-of-england-halt-gold-leasing-in-a-panic/
If you look at the chart above, one has to wonder, if gold really is a ‘barbarous relic,’ why did the Bank of England suddenly halt gold leasing as the world plunged into financial chaos?
The bottom line is that when the shit hits the fan, nobody cares about paper and everyone with a brain, including apparently the Bank of England, hoards their gold and refuses to part with it.
Labels:
Bank of England,
Gold Leasing,
halt,
panic
50 Defense Dept. Whistleblowers Slam “Stalinist” Pentagon Officials For Lying About ISIS
It's bad enough that the Pentagon is lying about the "success" of the war on terrorists in the Middle East, the much bigger crime the masses don't realize is the US funded al-Qaeda and ISIS in the first place.
http://theantimedia.org/50-defense-whistleblowers-slam-stalinist-pentagon-officials-for-lying-about-isis/
http://theantimedia.org/50-defense-whistleblowers-slam-stalinist-pentagon-officials-for-lying-about-isis/
Labels:
Defense Dept,
ISIS,
lying,
Pentagon Officials,
Slam,
Stalinist,
Whistleblowers
Syria War of deception - Ken O'Keefe
This interview on Syria occurred in 2013, but it's still relevant today.
https://youtu.be/KmQw6CryE9M
https://youtu.be/KmQw6CryE9M
Labels:
deception,
Ken O'Keefe,
Syria,
war
Saturday, September 12, 2015
Russian Bank Caught Using Fake Gold As Reserve Capital
My guess is what is classified as official gold reserves will increasingly be reclassified as "fake gold", further prompting the price of physical gold to skyrocket. The emperor(s) have no clothes underneath.
http://www.zerohedge.com/news/2015-09-12/russian-bank-caught-using-fake-gold-reserve-capital
http://www.zerohedge.com/news/2015-09-12/russian-bank-caught-using-fake-gold-reserve-capital
Labels:
Caught,
fake gold,
Reserve Capital,
Russian Bank
Thursday, September 3, 2015
Wednesday, September 2, 2015
Monday, August 31, 2015
Sunday, August 30, 2015
Friday, August 28, 2015
Lies You Will Hear As The Economic Collapse Progresses
I don't agree with all his predictions, but he makes a compelling argument for them.
http://www.alt-market.com/articles/2678-lies-you-will-hear-as-the-economic-collapse-progresses
http://www.alt-market.com/articles/2678-lies-you-will-hear-as-the-economic-collapse-progresses
Labels:
economic collapse,
lies
The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”
http://libertyblitzkrieg.com/2015/08/27/the-financial-times-calls-for-ending-cash-calling-it-a-barbarous-relic/
When you start to see increased propaganda about banning cash, you know the status quo is very scared and things are getting very serious. You’ve been warned.
The fact that people treat cash as the go-to safe asset when banks are teetering is heavy with historical irony. Paper money was once the symbol of monetary irresponsibility. But even as individuals have taken recent crises as reasons to stock up on banknotes, authorities would do well to consider the arguments for phasing out their use as another “barbarous relic”, the moniker Keynes gave to gold.
Of course, if cash were involuntarily”ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.
Labels:
barbarous relic,
calls,
Ending Cash,
Financial Times
We Are All Preppers Now
https://mises.org/blog/we-are-all-preppers-now
Advice on the looming crash, No. 1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work.
Crash advice No. 2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
Crash advice No. 3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.
Thursday, August 27, 2015
Tuesday, August 25, 2015
Friday, August 21, 2015
Debt Is Good
This Nobel-winning economist has gone mad. So have his followers.
http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html?_r=1
http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html?_r=1
Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.I know that may sound crazy. After all, we’ve spent much of the past five or six years in a state of fiscal panic, with all the Very Serious People declaring that we must slash deficits and reduce debt now now now or we’ll turn into Greece, Greece I tell you.But the power of the deficit scolds was always a triumph of ideology over evidence, and a growing number of genuinely serious people — most recently Narayana Kocherlakota, the departing president of the Minneapolis Fed — are making the case that we need more, not less, government debt.
Thursday, August 20, 2015
Tuesday, August 18, 2015
Officials: Islamic State arose from US support for al-Qaeda in Iraq
To Democrats and Republicans alike: Ron Paul was right all along. US foreign policy has been a disaster due to war-mongering from both sides of the aisle.
https://medium.com/insurge-intelligence/officials-islamic-state-arose-from-us-support-for-al-qaeda-in-iraq-a37c9a60be4
https://medium.com/insurge-intelligence/officials-islamic-state-arose-from-us-support-for-al-qaeda-in-iraq-a37c9a60be4
Labels:
Al-Qaeda,
arose,
Iraq,
Islamic State,
US support
Sunday, August 16, 2015
Friday, August 14, 2015
Thursday, August 13, 2015
Tips on Deleting Emails From Email Book Hillary Clinton Wanted to Read
http://abcnews.go.com/Politics/tips-deleting-emails-email-book-hillary-clinton-wanted/story?id=33046042
The last batch of Hillary Clinton emails released by the State Department included one from Clinton asking to borrow a book called “Send: Why People Email So Badly and How to Do It Better,” by David Shipley and Will Schwalbe.Clinton has not said why she requested the book, but it includes some advice that is particularly interesting in light of the controversy over her unconventional email arrangement at the State Department and her decision to delete tens of thousands of emails she deemed to be purely personal.The copy that ABC downloaded for $9.99 had some interesting revelations.Take, for example, Chapter Six: “The Email That Can Land You In Jail.” The chapter includes a section entitled “How to Delete Something So It Stays Deleted.”
Wednesday, August 12, 2015
Tuesday, August 11, 2015
Lawsuit could reveal secret Saudi connection to 9/11
The rabbit hole goes goes deeper. Who within the US government was covering up the Saudi connection to 9/11?
http://nypost.com/2015/08/09/lawsuit-could-reveal-secret-saudi-connection-to-911/
http://nypost.com/2015/08/09/lawsuit-could-reveal-secret-saudi-connection-to-911/
Labels:
connection,
lawsuit,
reveal,
Saudi,
secret
Lawrence Lessig compares the number of fundraisers between Presidents Reagan and Obama
http://www.politifact.com/new-hampshire/statements/2015/jan/20/lawrence-lessig/lawrence-lessig-compares-number-fundraisers-betwee/
"If you ask how many times did Ronald Reagan attend a fundraiser when he ran for re-election in 1984, the answer is eight times. If you say how many times did Barack Obama attend a fundraiser in 2012, the answer is 228 times," Lessig told the Monitor.
He continued, "And you think, how does a man, as a person, run the nation when he's attending 228 fundraisers? And the answer is not very well. It's pretty terrible for your ability to do your job. It's pretty terrible for your ability to be responsive to the American people, because -- let me tell you -- the American people are not attending 228 fundraisers. Those people are different."
Labels:
fundraisers,
Lawrence Lessig; compares,
number,
Obama,
Presidents,
Reagan
Gold Soars After Chinese Currency Devaluation
The global currency war just got real.
http://www.zerohedge.com/news/2015-08-11/gold-soars-after-chinese-currency-devaluation
http://www.zerohedge.com/news/2015-08-11/gold-soars-after-chinese-currency-devaluation
Labels:
Chinese,
currency devaluation,
gold,
Soars
Sunday, August 9, 2015
U.S. is Destroying Europe
I'd go further than the author has. The end game for US foreign policy isn't to destroy Russia into a vassal state. It's to counter both Russia's and China's ploy to end USDollar hegemony.
http://www.strategic-culture.org/news/2015/08/07/us-is-destroying-europe.html
http://www.strategic-culture.org/news/2015/08/07/us-is-destroying-europe.html
Labels:
Destroying,
Europe,
U.S.
China’s Secret Gold Hoarding Strategy
Finally, someone understands that bullion banks acting as agents of central banks are not the only entities suppressing the price of gold. So are the Chinese--but for entirely different and often divergent reasons.
Western central planners want to maintain USDollar hegemony at all costs--even if it means going to war with anti-dollar dictators.
The Chinese want lower gold prices because they are still in accumulation mode. The outcome will be disastrous for the dollar and purchasing power of Americans.
https://www.moneymetals.com/news/2015/08/06/china-gold-hoarding-000747
Western central planners want to maintain USDollar hegemony at all costs--even if it means going to war with anti-dollar dictators.
The Chinese want lower gold prices because they are still in accumulation mode. The outcome will be disastrous for the dollar and purchasing power of Americans.
https://www.moneymetals.com/news/2015/08/06/china-gold-hoarding-000747
Labels:
China,
Gold Hoarding,
secret,
Strategy
Saturday, August 8, 2015
Thursday, August 6, 2015
Monday, August 3, 2015
Comex On The Edge? Paper Gold "Dilution" Hits A Record 124 For Every Ounce Of Physical
A failure to deliver default is coming in the gold COMEX vaults. The only question is when. Get your physical gold and silver.
http://www.zerohedge.com/news/2015-08-03/comex-edge-deliverable-gold-drops-record-low-124-ounces-paper-every-ounce-physical
http://www.zerohedge.com/news/2015-08-03/comex-edge-deliverable-gold-drops-record-low-124-ounces-paper-every-ounce-physical
Labels:
COMEX,
Dilution,
Edge,
Every Ounce,
paper gold,
physical,
record
Sunday, August 2, 2015
Saturday, August 1, 2015
Thursday, July 30, 2015
Meanwhile In Venezuela... The Socialist Paradise Has Arrived
http://www.zerohedge.com/news/2015-07-29/meanwhile-venezuela-socialist-paradise-has-arrived
As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro's socialist paradise... and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).
Labels:
arrived,
hyperinflation,
socialist paradise,
Venezuela
Monday, July 27, 2015
Sunday, July 26, 2015
Shanghai Gold Exchange Withdrawals Week Ended July 17, 2015
https://smaulgld.com/shanghai-gold-exchange-withdrawals-week-ended-july-17-2015/
Gold withdrawals on the Shanghai Gold Exchange the past two weeks were larger than the amount of gold delivered on COMEX during 2014 and greater than the amount of gold Germany has repatriated from the New York Fed since 2013.
Labels:
Shanghai Gold Exchange,
Withdrawals
Friday, July 24, 2015
This Has Never Happened To Gold Before
When it comes to equities or even bonds, the hedge funds are usually labeled the "smartest guys in the room." But when it comes to the precious metals sector, they are not. The shorts in gold got squeezed today.
http://www.zerohedge.com/news/2015-07-24/has-never-happened-gold
http://www.zerohedge.com/news/2015-07-24/has-never-happened-gold
Labels:
before,
gold,
Never Happened
Jim Grant: Still Bullish On Gold; Says Fed In A Hurry To Raise Rates
This is another way of saying "buy the dip(s)."
http://www.zerohedge.com/news/2015-07-24/jim-grant-gold-mr-market-having-sale-vexing-wonderful-opportunity
http://www.zerohedge.com/news/2015-07-24/jim-grant-gold-mr-market-having-sale-vexing-wonderful-opportunity
Labels:
Fed,
gold,
Hurry,
Jim Grant,
Raise Rates,
Still Bullish
Central Banks and Our Dysfunctional Gold Markets
https://mises.org/library/central-banks-and-our-dysfunctional-gold-markets
It's because gold is a powerful competitive international currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates, and the value of government bonds. Gold's performance is usually the opposite of the performance of government currencies and bonds. Hence central banks fight gold to defend their currencies and bonds.
The problem is that central bank tactics in this fight affect more than gold; they affect markets generally and eventually destroy markets generally. This destruction of markets now has a name, a name used even by former members of the Federal Reserve Board. That name is "financial repression."
Labels:
central banks,
dysfunctional,
Gold Markets
Banks Sued on Claims of Fixing Price of Gold
http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?_r=2
According to one of the suits, “The ‘great flaw’ of the gold fixing process is that the member banks trade on the information exchanged during the call to manipulate the price of gold and gold derivatives before publication of the gold fix to the wider market.”Each of the banks — Barclays, Scotiabank, Deutsche Bank, HSBC and Société Générale — denied, or declined to comment, on the accusations of collusion, which — at least traditionally — have been dismissed as a conspiracy theory. Nonetheless, concerns that the gold fix may be rigged have escalated of late in part because of investigations into the setting of the London interbank offered rate, or Libor, and suspicions about manipulation of global foreign exchange rates.“A lot of conspiracy theories have turned out to be conspiracy fact,” said Kevin Maher, a former gold trader from New York, who filed the first suit against the banks. (The case is Maher v. Bank of Nova Scotia, 14-cv-01459.) “We now know that Libor was manipulated and that a bad odor is coming out of the Forex market. So why not gold?”Mr. Maher, who started trading gold in 1993, said he filed his suit reluctantly and only after he became convinced that official regulators were unwilling or unable to investigate the fix. “I didn’t feel like there was any oversight, either from the government or from self-regulating entities,” he said in an interview last month. “A lawsuit seemed to be the only means to rectify the problem.”
Labels:
banks,
claims,
Fixing,
price of gold,
sued
Unprecedented emergency statewide fishing closures enacted in Pacific Northwest
And they said the effects of the Fukushima nuclear power disaster would be contained. Sure, the drought in the Pacific northwest can be a culprit, but it that the only factor in major sea wildlife die-offs?
http://enenews.com/emergency-statewide-fishing-closures-pacific-northwest-unprecedented-weve-never-anything-like-before-disease-causing-very-alarming-mass-die-100-infection-rate-areas-rotting-gills-distended
http://enenews.com/emergency-statewide-fishing-closures-pacific-northwest-unprecedented-weve-never-anything-like-before-disease-causing-very-alarming-mass-die-100-infection-rate-areas-rotting-gills-distended
Labels:
emergency,
fishing closures,
Pacific Northwest,
statewide,
unprecedented
Monday, July 20, 2015
Sunday, July 19, 2015
Friday, July 17, 2015
China finally says how much gold it has, but nobody believes it
Apparently, I'm not the only skeptic regarding China's official gold holdings. My estimate is somewhere north of 5,000 tons. There are various reasons why China may be understating their gold holdings, but at some point, the truth will come out, and the fireworks in the precious metals markets will begin.
http://www.marketwatch.com/story/china-finally-says-how-much-gold-it-has-but-nobody-believes-it-2015-07-17
http://www.marketwatch.com/story/china-finally-says-how-much-gold-it-has-but-nobody-believes-it-2015-07-17
Labels:
China,
gold,
nobody believes
Thursday, July 16, 2015
Wednesday, July 15, 2015
Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks
For those who still hold on to the notion it is only conspiracy theorists who believe our banking system is completely corrupt, look no further than Santa Cruz County to spell it out for you. This is close to home for many of you, so perhaps you might want to take note.
It is interesting that UTIMCO, the endowment fund for the University of Texas system, repatriated their physical gold from HSBC's vaults in New York. Texas is traditionally a very conservative state, wary of the federal government's over-reach, and generally mistrustful of .gov. This is duly noted--and understandable. As the saying goes, "Don't Mess With Texas!"
But contrast that with Santa Cruz County, which is traditionally very liberal. Yet, both sides of the aisle now mistrust the global banking system.
Wake up, people. The sun is setting on fiat currency regimes. Prepare for it, because it is coming. Well, what does that mean--prepare for a currency reset? It means your social security checks, pensions, even bank deposits, as well as your money market funds will be eviscerated. In fact, any debt instruments, even short-term bills, carry inherent risks, including currency devaluation, counterparty, inflation, higher interest rates, default, and liquidity.
In other words, why take on all those risks for the privilege of earning 0% returns?
See Cyprus, Greece, bank depositor bail-ins, and capital controls coming to a country near you.
http://libertyblitzkrieg.com/2015/07/14/santa-cruz-county-votes-to-cease-doing-business-with-five-tbtf-mega-banks/
It is interesting that UTIMCO, the endowment fund for the University of Texas system, repatriated their physical gold from HSBC's vaults in New York. Texas is traditionally a very conservative state, wary of the federal government's over-reach, and generally mistrustful of .gov. This is duly noted--and understandable. As the saying goes, "Don't Mess With Texas!"
But contrast that with Santa Cruz County, which is traditionally very liberal. Yet, both sides of the aisle now mistrust the global banking system.
Wake up, people. The sun is setting on fiat currency regimes. Prepare for it, because it is coming. Well, what does that mean--prepare for a currency reset? It means your social security checks, pensions, even bank deposits, as well as your money market funds will be eviscerated. In fact, any debt instruments, even short-term bills, carry inherent risks, including currency devaluation, counterparty, inflation, higher interest rates, default, and liquidity.
In other words, why take on all those risks for the privilege of earning 0% returns?
See Cyprus, Greece, bank depositor bail-ins, and capital controls coming to a country near you.
http://libertyblitzkrieg.com/2015/07/14/santa-cruz-county-votes-to-cease-doing-business-with-five-tbtf-mega-banks/
Labels:
Cease,
Doing Business,
Five,
Mega Banks,
Santa Cruz County,
TBTF,
votes
Tuesday, July 14, 2015
For Indians, paper gold can't beat the real thing
Read between the lines. The Indian government is demonizing--even criminalizing, citizens owning physical gold. Paper gold is fine is their minds. So are fine art, exotic sports cars, and high-end mansions. But if someone wants to own physical gold they can carry around in their pockets? Blasphemy!
Even the semantics are derogatory. They have the gall to label physical gold "black money."
When the corrupt authorities and insolvent governments discourage the masses from owning a particular asset, it might be in the hoi polloi's best interests to own that very same asset.
http://finance.yahoo.com/news/indians-paper-gold-cant-beat-022934369.html
Even the semantics are derogatory. They have the gall to label physical gold "black money."
When the corrupt authorities and insolvent governments discourage the masses from owning a particular asset, it might be in the hoi polloi's best interests to own that very same asset.
http://finance.yahoo.com/news/indians-paper-gold-cant-beat-022934369.html
Labels:
beat,
Indians,
paper gold,
real thing
Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes
http://etfdailynews.com/2015/ 07/14/greeks-cant-tap-cash- gold-silver-in-bank-safety- deposit-boxes/
Many Greeks were also withdrawing their cash because they fear the country might be forced back onto the drachma. However a little known fact is that, Greeks who had prepared for bank runs by withdrawing cash and buying gold and silver bullion and then lodging that bullion and indeed cash into safety deposit boxes have also been caught up in the draconian capital controls.
We have warned about this for many years and warned as recently as April this year that people should avoid using safety deposit boxes in banks.
“Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place”, Nadia Valavani, a Deputy Finance Minister in Greece told local television station according to a Reuters report.
Monday, July 13, 2015
Get Rich Or Go Broke Trying: Rapper 50 Cent Files For Bankruptcy
50 Cent is now worth less than 50 cents.
http://www.zerohedge.com/news/2015-07-13/get-rich-or-go-broke-trying-rapper-50-cent-files-bankruptcy
http://www.zerohedge.com/news/2015-07-13/get-rich-or-go-broke-trying-rapper-50-cent-files-bankruptcy
Labels:
50 Cent,
bankruptcy,
Files,
Get Rich,
Go Broke,
Trying: Rapper
Sunday, July 12, 2015
Systemic "Holidays" Are Coming to Banks, Money Market Accounts and More in the Weeks Ahead
http://www.zerohedge.com/news/2015-07-08/systemic-holidays-are-coming-banks-money-market-accounts-and-more-weeks-ahead
1) The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.
2) When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.
3) In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.
4) The US bond market (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.
5) Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.
6) Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.
When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).
Labels:
Accounts,
banks,
Holidays,
money market,
Systemic
Thursday, July 9, 2015
Japanese Investors Lose Faith In Draghi - Dump The Most Foreign Bonds In History
Greece matters after all. Contagion is a bitch.
http://www.zerohedge.com/news/2015-07-08/japanese-investors-lose-faith-draghi-dump-most-foreign-bonds-history
http://www.zerohedge.com/news/2015-07-08/japanese-investors-lose-faith-draghi-dump-most-foreign-bonds-history
Labels:
Draghi,
dump,
Foreign Bonds,
history,
Japanese Investors,
Lose Faith,
Most
Preparedness Critics Are History’s Cannon Fodder
http://www.alt-market.com/articles/2638-preparedness-critics-are-historys-cannon-fodder
It is perhaps not coincidental that the people most in love with the state are often the first ones to be annihilated by it. Avid lower echelon and middlemen agents of tyranny are in many cases exterminated by the very system they helped to dominance. If they do not meet their demise at the hands of the establishment, then they invariably meet their demise at the hands of those fighting against the establishment.
Labels:
Cannon Fodder,
critics,
history,
Preparedness,
preppers
Wednesday, July 8, 2015
Tuesday, July 7, 2015
Monday, July 6, 2015
The First Post-Referendum Head Rolls: "Toxic" "Martyr" Yanis Varoufakis Resigns
The reason why Varoufakis resigned is simple. He probably got death threats for standing up to the troika.
http://www.zerohedge.com/news/2015-07-06/first-post-referendum-head-rolls-toxic-martyr-yanis-varoufakis-resigns
http://www.zerohedge.com/news/2015-07-06/first-post-referendum-head-rolls-toxic-martyr-yanis-varoufakis-resigns
Labels:
Head Rolls,
Martyr,
Post-Referendum,
resigns,
Toxic,
Yanis Varoufakis
Sunday, July 5, 2015
Citigroup Just Cornered The "Precious Metals" Derivatives Market
To provide some contextual color, the Hunt brothers were prosecuted for trying to corner the silver market in 1980. They achieved approximately a 10% long position in silver, trying to profit on rising silver prices. A closer inspection reveals the government regulators changed the goal posts on the Hunt brothers, turning them from mere speculators to criminals.
Fast forward to today, and JPMorgan has carved out a 90% position in the COMEX gold exchange, while Citigroup has a 70% position in COMEX silver. It is egregious that the Hunt's were busted for taking a 10% position, while JPMorgan and Citigroup are left unchecked, free to take massive, concentrated (short) positions.
Yes, the bullion banks will claim they are market makers providing liquidity by taking both sides of a trade, but they have been incessantly investigated for manipulating markets by taking outsized, concentrated positions in LIBOR, fixed-income, and commodities markets. They used this exact same argument prior to the cratering of subprime mortage-backed securities.
In other words, they are not only Wall Street casinos, they are also placing their own huge one-way bets--and getting in trouble when those bets go sour. These bets aren't hedges--they are wagers placed from their proprietary trading desks. It is not a stretch to deduce they are up to the same shenanigans in the much smaller precious metals complex.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260?page=1
Fast forward to today, and JPMorgan has carved out a 90% position in the COMEX gold exchange, while Citigroup has a 70% position in COMEX silver. It is egregious that the Hunt's were busted for taking a 10% position, while JPMorgan and Citigroup are left unchecked, free to take massive, concentrated (short) positions.
Yes, the bullion banks will claim they are market makers providing liquidity by taking both sides of a trade, but they have been incessantly investigated for manipulating markets by taking outsized, concentrated positions in LIBOR, fixed-income, and commodities markets. They used this exact same argument prior to the cratering of subprime mortage-backed securities.
In other words, they are not only Wall Street casinos, they are also placing their own huge one-way bets--and getting in trouble when those bets go sour. These bets aren't hedges--they are wagers placed from their proprietary trading desks. It is not a stretch to deduce they are up to the same shenanigans in the much smaller precious metals complex.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260?page=1
Labels:
Citigroup,
Cornered,
Derivatives Market,
precious metals
Gerald Celente – The Great Global Panic Is On But This Is Going To Shock The World
http://kingworldnews.com/gerald-celente-the-great-panic-is-now-on-throughout-the-world/
How could anybody with an ounce of brains that lives in Greece keep their money in the banks as they saw this crisis unfold? Now they are waiting in line because they have a ‘bank holiday.’ ‘Bank holiday,’ how’s that for BS? ‘Holiday,’ we’re going to take your money and hold it and maybe we’ll give it back to you. Look at the amount of gold purchases going on in Greece right now. Don’t they wish they had their money in gold, rather than in a bank in Greece?
Labels:
Gerald Celente,
Great Global Panic,
shock the world
Friday, July 3, 2015
Thursday, July 2, 2015
Monday, June 29, 2015
"Of What Use Is A Gun With No Bullets?", BIS Says Central Banks Defenseless Against Coming Crisis
Most people in the know, know that the BIS is the central bank of central banks, including the Fed, Bank of England, Bank of Japan, European Central Bank, etc. So when they push the panic button, it's time to sit up and notice.
http://www.zerohedge.com/news/2015-06-29/what-use-gun-no-bullets-bis-says-central-banks-defenseless-against-coming-crisis
http://www.zerohedge.com/news/2015-06-29/what-use-gun-no-bullets-bis-says-central-banks-defenseless-against-coming-crisis
Labels:
against,
BIS,
central banks,
Coming Crisis,
Defenseless,
gun,
Use,
With No Bullets
Greek Contagion
Speaking of contagion:
In Italy,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open
In Puerto Rico,
http://www.zerohedge.com/news/2015-06-29/puerto-rico-bonds-are-collapsing
In Portugal,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-uncontained-portugal-bond-risk-spikes-most-over-7-years
In Italy,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open
In Puerto Rico,
http://www.zerohedge.com/news/2015-06-29/puerto-rico-bonds-are-collapsing
In Portugal,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-uncontained-portugal-bond-risk-spikes-most-over-7-years
Labels:
contagion,
Greek,
Italy,
Portugal,
Puerto Rico
Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion
You want to know why gold bug conspiracy theorists are accurate in alleging the precious metals complex are manipulated (like most markets today)? Because the basic economic law of supply and demand is violated repeatedly. When a shortage in a commodity occurs, prices should rise, not plummet.
But another law mandates that price manipulations are never sustainable, and eventually, the rubber band effect will cause prices of gold and silver to skyrocket some time in the future.
http://www.zerohedge.com/news/2015-06-29/gold-tumbles-despite-uk-mint-seeing-europeans-rush-buy-bullion
But another law mandates that price manipulations are never sustainable, and eventually, the rubber band effect will cause prices of gold and silver to skyrocket some time in the future.
http://www.zerohedge.com/news/2015-06-29/gold-tumbles-despite-uk-mint-seeing-europeans-rush-buy-bullion
Thursday, June 25, 2015
Selling a 10 oz Silver Bar for $10 (When It's Worth $160) - EXPERIMENT -
This never gets old, as it depicts how dumbed-down most Americans are regarding monetary history and currency. But put it into context. Encinitas is a beach town north of San Diego. According to Zillow, average home prices are $848,300. So the knee-jerk assumption is that residents are fairly affluent and intelligent.
Apparently not.
https://youtu.be/RJm3cRRvPoM
Apparently not.
https://youtu.be/RJm3cRRvPoM
Labels:
$10,
$160,
10 oz,
EXPERIMENT,
Mark Dice,
selling,
Silver Bar,
when,
worth
For The First Time Ever, QE Has Officially Failed
This is the other side of unintended consequences. The QE mechanism is rather esoteric, so to put it in layman's terms: what goes up, must come down. With rising yields, bond prices drop, which will tank the equities and real estate markets.
Another way to put it is: there is no free lunch. Running the money printing press doesn't build long-term wealth. It enables capital misallocation and increases the debt burden.
http://www.zerohedge.com/news/2015-06-25/first-time-ever-qe-has-officially-failed
Another way to put it is: there is no free lunch. Running the money printing press doesn't build long-term wealth. It enables capital misallocation and increases the debt burden.
http://www.zerohedge.com/news/2015-06-25/first-time-ever-qe-has-officially-failed
Labels:
Officially Failed,
QE
Crying Wolf?
Dear CIGAs,
We have all from time to time tried to help others, friends and family, by pointing them toward reality. For our troubles and efforts we have been viewed as the "squirrely" guy/gal with a tinfoil hat who see’s everything as a conspiracy. We have lost friends and even had family cringe when holiday get togethers were planned because no one wants to be exposed to our "craziness". Worse than any disease or even leprosy, anyone spouting Austrian economics or even "common sense" (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, "theory after theory" has become fact after FACT after FACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a day to day operation in the Western world.
Originally my thought was to write this piece about and around the perfect response, "but you do agree the government is bankrupt, right?". I say this because almost anyone (in the U.S.), no matter what age, sex, religion, race or financial status will generally agree with this. For those who don’t agree, it is better to leave well enough alone, this is a subset living in their own delusional world.
For those who do agree "the government is broke", they are broken down into basic subsets. There are those who "get it" fully. There are those who know the government is broke but don’t really understand what it means or the ramifications (they can’t connect the dots). Another group are those who agree and know in the back of their mind this is true …but they don’t REALLY believe it because they simply cannot …"it’s too awful to comprehend". Then, we have another group, probably the largest of all, those who agree but think it really doesn’t matter. They may also believe no financial crisis will ever occur because "the government will never let it happen". Let’s talk about this group next.
The "can’t happen here" crowd only need the dots connected for them. I believe it is best to ask them questions in an effort to lead them to their own answer and understanding. This is much better than lecturing or "telling" them because they will actually have to think to answer your questions.
Questions such as:
1. if the government is broke, how will they make good on their obligations such as payrolls, Social Security, food stamps, paying the military and most importantly paying on their debt? Forget the first four, "do you realize Treasury securities are what funds Social Security, your pension, the bank’s balance sheet which holds your money …AND what underlies the dollar itself?"!
2. If the above doesn’t work, you might ask if the economy currently "feels good"? Then ask, do you realize the federal government spends almost 20% of GDP (and their spending is "counted" as part of GDP). If they are broke and have to drastically cut back on spending, will the economy not shrink by the amount the government can no longer spend? Do you see without government spending, under any definition we would be in a depression greater than the 1930′s?
I don’t want to go through the entire exercise but please understand, "guiding" someone to their own conclusion which happens to be correct is best done with questions, MANY OF THEM. If you can, take two, three or even more philosophical roads to help them reach the same conclusion each time …the understanding will be that much more cemented in their mind when they finally do(hopefully) arrive!
Switching gears just a bit, we have seen the "mentality" change somewhat over the last year or so. Even the mainstream is showing some signs of a shift. This "shift" has even become evident amongst and within the "old boys club". For example, who would have imagined Germany, Netherlands, Belgium and Austria would ever ask for their gold back? Or Texas building its own depository and using the words "not" and "confiscate" in the legislation for proposed repatriation?
Several very well known and at one time mainstream money managers have publicly told of the dangerous situation. The latest is a bond manager who has gone entirely to cash, how’s this for putting a crash helmet on?
http://www.bloomberg.com/news/articles/2015-06-22/tcw-braces-for-bond-market-collapse-by-piling-the-cash-up-high Just a few weeks ago, Bloomberg put out an article asking if China could gold back the yuan. This was significant because no news source (other than maybe Kitco) has been as bearish and slandering regarding gold than Bloomberg. http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price
Going to the beginning and back to the top, who exactly was correct in 1999-2000? Who was correct from 2005-2008 about an impending crisis? The answer of course is the very same people screaming bloody murder today "the financial system will come apart from the seams". Are those who were correct before, now "crying wolf"? Or are they saying the same things for the same reason and forecasting the same results as before? "They" (we) were not crazy then and are not crazy now. In fact, it is even much easier to see now than previous. As a side note if you recall, we heard in late 2008 and 2009, "who could have seen it coming"? Or, "no one could have seen it coming". This is dead wrong! In fact, even within the mainstream press there was a concerted effort to silence the truth. For example, Greg Hunter while at CNN tried to warn of the banking collapse. He was told "don’t go there" and was rewarded by having his contract not renewed!
"Some" saw the dotcom bubble coming, more saw and warned of the 2008 crisis coming …and even more see this one coming. Not only are there more and louder voices today, the numbers are growing slowly but surely and even engulfing some mainstreamers who used to laugh at "us tinfoilers"!
I know how difficult it is and has been. The financial landscape is perverted beyond recognition and any time you open your mouth, you are proven wrong. Gold goes down the following day along with a new high in stocks so you look "stupid". You are not. "We" cannot make price, we can only tell the truth as we see it and suggest via common sense and logic the need to prepare for the worst. As I see it, the outcome is not in any doubt and becomes clearer each day. My fear is we are not in 2008 anymore, the coming collapse will change the world order to one unrecognizable to today. The U.S. is in fact "broke" as we spoke of at the beginning. The "realization" of this not only can happen but WILL happen. Sadly, because of how badly the U.S. has treated the world over these last years, we will be given no mercy when negotiating our bankruptcy. It will be a real live wolf at our door!
Regards, Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com
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Crying Wolf
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