Monday, December 10, 2018

QE Punch Bowl Disappears in 2019

The Fed needs to QT so when markets and the economy plummet, they'll resort to QE.

Greyerz – Central Banks Have Triggered A Global Collapse

Empires don't last forever. Neither do their currencies.

https://kingworldnews.com/greyerz-central-banks-just-triggered-a-global-collapse/


Thursday, September 20, 2018

Monday, September 10, 2018

JPMorgan Testimony 1912

https://www.scribd.com/document/247741026/JPMorgan-Testmony-1912

"Money is gold, and nothing else." - JP Morgan, 1912

Friday, August 3, 2018

Bitcoin Logo

Bitcoin logo

Thursday, July 12, 2018

Gold Comparisons

It's irrelevant what the financial elite say about gold. They'll call it a "financial asset." Yes, but it's also sound currency. So when you compare its "return", compare it to the store of value for fiat currency, not just against equities, bonds, or real estate. Gold compares well to the latter three, but it trounces cash, which has been persistently debased by all central banks of the world.

Another Billionaire Warns "We're Running Out Of Gold"

Peak gold is here.  Buy physical gold.  Not synthetic paper gold.

https://www.zerohedge.com/news/2018-07-12/another-billionaire-warns-were-running-out-gold

Saturday, June 16, 2018

US paper gold suppression allowing Russia & China to buy real gold at discount prices

What used to be referred to as conspiracy theory is now pretty well-known in the precious metals investment community:  western bullion banks suppress the prices of gold and silver by shorting COMEX futures contracts, inducing panic selling among buyers who are long the contracts.  Gold bugs insist the bullion banks are acting as agents for central banks--mainly the Fed, in an attempt to artificially prop up the dollar even as the greenback is being systematically debased by a profligate printing press, in order to fund huge U.S. government budget deficits.

But I've also posited that western bullion banks have accomplices--Asian central banks, specifically China and Russia.  While their motives for suppressing gold prices are different, their desired short-term outcomes are identical:  capping prices of the precious metals.

Recall I mentioned their respective motives are different.  The Fed attempts to mask dollar weakness by suppressing gold prices.  Asian financial authorities also want lower gold prices--but for a different reason:  they are accumulating gold, so they naturally desire lower prices.

The net effect is the transfer of gold (i.e. wealth) from western central bank vaults (leveraged shorting, i.e. selling of paper gold assets) to Asian central bank vaults and retail buyers in Asia, in the form of physical bullion.

The long-term impact?  The bankrupting of western central banks.

https://www.rt.com/business/429573-us-china-russia-physical-gold/

Wednesday, March 21, 2018

JPMorgan's Domination of COMEX Silver

https://www.sprottmoney.com/Blog/jpmorgans-domination-of-comex-silver-craig-hemke-21-032018.html

Why the World’s Central Banks hold Gold – In their Own Words

https://www.bullionstar.com/blogs/ronan-manly/worlds-central-banks-hold-gold-words/

Bear Stearns – A Different Opinion

http://silverseek.com/commentary/bear-stearns-%E2%80%93-different-opinion-17161

Monetary Aggregates vs. Gold Reserves

According to this chart by Santiago Capital, the price of gold would have to be up to $53,000/oz. to fully back monetary aggregates (M0, M1, M2).

The current spot price of gold is $1330/oz.

http://www.jsmineset.com/wp-content/uploads/images/dfd8adffa923_8C00/clip_image002.jpg

Google Is Working on Its Own Blockchain-Related Technology

To my Luddite naysayers:  Got crypto?

https://www.bloomberg.com/news/articles/2018-03-21/google-is-said-to-work-on-its-own-blockchain-related-technology

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade

https://cointelegraph.com/news/twitter-ceo-says-bitcoin-will-become-worlds-single-currency-within-a-decad

Tuesday, March 20, 2018

Steen Jakobsen: Now Is The Time To Be In Capital-Preservation Mode

So what Jakobsen is basically saying is what I've been pounding the table on for a while: the all-everything bubble of both equities and bonds (and by extension, real estate since it's collateral) will burst, which is bullish for this asset class: "As for a longer view, he predicts commodities will be one of the best asset classes to own over the next five to ten years."
Got gold?

https://www.peakprosperity.com/podcast/113849/steen-jakobsen-now-time-capital-preservation-mode

Thursday, February 22, 2018

Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard.

China understates its official gold reserves, so Russia probably doesn't have as much gold as China.  But this article does point out that Russia has accelerated its gold purchasing program.

https://smaulgld.com/russia-passes-china-gold-reserves/

Tuesday, January 30, 2018

A Year of Russian Collusion

http://sultanknish.blogspot.com/2018/01/a-year-of-russian-collusion.html
Obama’s first year was a golden period for Russia because he didn’t believe in national interests. Trump does. The left inevitably accuses the right of its own sins. Trump didn’t collude with Russia. Obama did.

Greatest Moments In Profit Taking History...You Were Warned

https://econimica.blogspot.com/2018/01/greatest-moments-in-profit-taking_29.html
  • Household net worth (value of all assets held) as a percentage of disposable personal income (all sources of income minus the tax paid on that income).
  • Personal savings rate (the amount remaining from disposable personal income, after all expenditures, that is available to be saved in a bank and/or 401k / IRA, etc.).
 
...accelerating significant dives in the personal savings rate have preceded each crash in asset prices.

Thursday, January 25, 2018

Ray Dalio Slams Mnuchin's Dollar Strategy

https://www.zerohedge.com/news/2018-01-25/ray-dalio-slams-mnuchins-dollar-strategy

'Perfect storm': Global financial system showing danger signs, says senior OECD economist

I've been ringing the alarm bells for years about the compounding debt trap that central banks have boxed themselves into.  Now a central banker is echoing those same concerns.

https://www.brisbanetimes.com.au/business/the-economy/perfect-storm-global-financial-system-showing-danger-signs-says-senior-oecd-economist-20180123-p4yyr2.html
Central banks are now caught in a "debt trap". They cannot hold rates near zero as inflation pressures build, but they cannot easily raise rates either because it risks blowing up the system. "It is frankly scary," said Prof White.

Tuesday, January 23, 2018

An Amazon coin? Amazon.com registers cryptocurrency domain names

Any cynics still believe blockchain technology is a mirage?  Guess again.

https://domainnamewire.com/2017/11/01/amazon-coin-amazon-com-registers-cryptocurrency-domain-names/

Amazon.com registered three domain names yesterday related to blockchain and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com.

The domain name registrations might suggest that Amazon is getting ready to do something on the Ethereum blockchain or release its own cryptocurrency.

US Gold Reserves, Of Immense Interest to Russia and China

https://www.bullionstar.com/blogs/ronan-manly/us-gold-reserves-immense-interest-russia-china/