London House Prices Are Falling

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

London house prices fall in September: first time in eight years

– High-end London property fell by 3.2% in year

– House sales down by over a very large one-third

– Global Real Estate Bubble Index – see table

– Brexit, rising inflation and political uncertainty causing many buyers to back away from market

– U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world

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Are Central Banks Intentionally Going To Crash The System?

By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com

Since 2007, the world has packed on a truly staggering amount of Debt.  That year (2007) is now commonly referred to as a debt bubble. At that time, global debt was $149 trillion.

Today, 10 years later, it stands at $217 trillion.

Put another way, the world has packed on another $68 trillion in debt since the last debt bubble. In terms of Debt to GDP, the world has risen from 276% in 2007 (an already insane amount) to 327%.

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‘Most Secure Coin In The World’?

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

– New pound coin ‘most secure coin in world’? 
– New British £1 coins much harder to counterfeit
– Pound coin uses “secret” cutting edge technology
– Coins uses ‘iSIS’ technology which may involve RFID tags
– Central banks, governments may be able to track coins
– Libertarians and privacy advocates will have concerns
–  “Secure coin” yes but real risk is that savings not secure due to currency debasement
– Now new risk to bank deposits as all digital wealth exposed to hacking and cyber fraud
– Sound as a pound? Safer to stick with true “coin of the realm”

– Gold and silver Sovereigns and Britannias  (VAT and CGT free) are only truly secure coins

The UK launched what is being touted as the “most secure coin in the world” yesterday – the day before Brexit day.

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Catalyst For Chaos

By Michael Pento – Re-Blogged From http://www.Gold-Eagle.com

Up until very recently, stocks had been humming along without so much as a minor speedbump and volatility was becoming a distant memory. However, it now seems prudent to once again remind investors that this extremely overvalued market is headed for an epic crash. The Cassandras, myself included, have been wrong about this warning for what seems like a long time. Nevertheless, much like those who warned of a housing bubble a few years before the bottom completely fell out, reality is destined to slam into the current triumvirate of asset bubbles, and those sounding the alarm will be proven correct again.

The governments’ massive interest rate manipulation and record amount of new debt accumulation have engendered unprecedented equity, real estate and fixed income bubbles across the globe.

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When Did The Fed Start Buying Equities?

By Gordon Long – Re-Blogged From http://www.Gold-Eagle.com

We see the forensic “finger prints” all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed’s CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 “TAPER” ended in October 2014.  We do know for a fact that the BOJ, SNB, PBOCNorwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they plan on buying more stocks this year with a significant amount of that buying in US exchange traded equities.   To see the forensic economic evidence more clearly, consider the following US indicators:

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Ireland’s Monetary Gold Reserves: High Level Secrecy vs. Freedom Of Information (Part I)

By Ronan Manly – Re-Blogged From http://www.Gold-Eagle.com

This article and a sequel article together chronicle a long-running investigation that has attempted, with limited success to date, to establish a number of basic details about Ireland’s official monetary gold reserves, basic details such as whether this gold is actually allocated, what type of storage contract the gold is stored under, and supporting documentation in the form of a gold bar weight list. Ireland’s gold reserves are held by the Central Bank of Ireland but are predominantly stored (supposedly) with the Bank of England in London.

At many points along the way, this investigation has been hindered and stymied by lack of cooperation from the Central Bank of Ireland and the Irish Government’s Department of Finance. Freedom of Information requests have been ignored, rejected and refused, and there has also been outright interference from the Bank of England. Many of these obstacles are featured below and in the sequel article.

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The Vexed Question Of The US Dollar

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

There is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not alone. All the major paper currencies have been massively inflated in recent years. With the dollar acting as the world’s reserve currency, where the dollar goes, so do all the other fiat monies.

Until that cataclysmic event, we watch currencies behave in increasingly unexpected, seemingly irrational ways. The fundamentals for Japan are not good, yet the yen remains the strongest currency of the big four. The Eurozone risks a systemic collapse, overwhelmed by political and financial headwinds, yet the euro’s exchange rate has proved relatively impervious to this deep uncertainty. The British economy is strongest, yet sterling is the weakest of the four majors.

If nothing else, today’s foreign exchanges are evidence that subjectivity triumphs over macroeconomic thinking. Mackay’s Extraordinary Popular Delusions and the Madness of Crowds beats computer modelling every time. Furthermore, any official attempt to establish a rate for the dollar has to address two separate questions: the value of the dollar relative to other currencies, and its purchasing power for goods and services.

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