Useless…But Not Worthless

By Keith Weiner – Re-Blogged From Gold Eagle

Let’s continue to look at the fiasco in the franc. We say “fiasco”, because anyone in Switzerland who is trying to save for retirement has been put on a treadmill, which is now running backwards at –¾ mph (yes, miles per hour in keeping with our treadmill analogy). Instead of being propelled forward towards their retirement goals by earning interest that compounds, they are losing principal. They will never reach their retirement goals. If you disagree, we encourage you to model it.

Continue reading

Advertisements

The Credit Cycle Is On The Turn

By Alasdair Macleod – Re-Blogged From Gold Eagle

We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the early-1980s. There are enough similarities with the post-Bretton Woods era of the 1970s to give us some guidance as to how markets are likely to evolve in the foreseeable future.

Continue reading

The “Strong Dollar” Buys Less

By Clint Siegner – Re-Blogged From Gold Eagle

Some of last week’s weakness in the stock market was attributed to surprisingly week jobs report on Friday. Non-farm payrolls came in significantly below projections.

However, much of that weakness was explained by Hurricane Florence. And the headline unemployment rate dropped to 3.7% – the lowest in almost 50 years.

Much was made of that, while almost nothing was made of the rate of employment at 60.4% – also near 50-year lows.

Continue reading

Beginning Of The End Of The Dollar

By Rick Mills – Re-Blogged From Gold Eagle

Donald Trump will go down in history for many things, including a justice department investigation into US-Russian collusion in the 2016 election, a guilty verdict for his former campaign chair, Paul Manafort, and a guilty plea by his personal lawyer, Michael Cohen, in relation to hush-money payments to women in violation of campaign finance laws. Then there was the Access Hollywood tape, the ban on Muslims, the implicit condoning of neo-Nazis, the plans to build a border wall to keep out illegal Mexicans, the separation of immigrant children from their parents (though some say that law was drafted under Obama), and Trump’s ban on global abortion funding to please the pro-life portion of his base. Could Trump’s legacy though be something few had ever predicted: The beginning of the end of the dollar?

Continue reading

US Government Is “Missing” $21 Trillion

By Mark O’Byrne – Re-Blogged From Gold Eagle

– The U.S. government is “missing” $21 trillion between the Department of Defence (DOD) and Department of Housing and Urban Development (HUD)

– Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year” (see video below)

– They can publish financial statements that are”complete fiction with no accountability to you and call it national security”

– Gold is one of the “primary real assets” and a “core holding” … “I love gold … I am also a silver fan”

– “I am getting reports that silver is getting hard to find …  go and try to buy a bunch of silver. It’s tough…”

– “But make sure wherever you hold your gold” that the “custodian relationships” and where you have gold and silver stored are “absolutely safe”

– Own “real assets” and “have as little leverage and debt as possible…”

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report. Courtesy of USAWatchdog

CONTINUE READING –>

The Dollar is Central to the Next Crisis

By Alasdair Macleod – Re-Blogged From GoldMoney

Introduction And Summary

It is now possible to pencil in how the next credit crisis is likely to develop. At its centre is an overvalued dollar over-owned by foreigners, puffed up on speculative flows driven by interest rate differentials.  These must be urgently corrected by the European Central Bank and the Bank of Japan if the distortion is to be prevented from becoming much worse.

The problem is compounded because the next crisis is likely to be triggered by this normalisation. It can be expected to commence in the coming months, even by the year-end. When flows into the dollar subside and reverse, bond yields can be expected to rise sharply in all the major currencies. There will also be a number of other unhelpful factors, particularly rising commodity prices, the timing of the Trump stimulus and trade tariffs pushing up price inflation. Coupled with a declining dollar, price inflation and therefore interest rates are bound to rise significantly.

Continue reading

A Submerging Global Economy

By Egon von Greyerz – Re-Blogged From Gold Eagle

Many emerging markets are now turning to submerging markets as country after country is experiencing falling economies, currencies and stock markets.

The currency is often the best indication of a country’s economic health. Just look at these six currencies submerging into obscurity:

Continue reading