The Race To Depreciate Fiat Currencies Is Accelerating

By Mike Gleason – Re-Blogged From Silver Phoenix

Metals investors are anxiously awaiting the market’s reaction to next week’s Fed meeting. We may see players in the futures markets move to smash gold and silver prices down to lower support zones in the trading around the Fed’s decision.

But flushing out some more speculative longs and late comers with weak hands would be a healthy development in setting up the next rally.

Those who got left behind in this summer’s big moves in metals markets should certainly consider taking advantage of favorable buying opportunities as they present themselves ahead of a possible seasonal push higher in the sector this fall.

Conventional financial markets could become volatile as uncertainties surrounding America’s economy and political future weigh on investors. We are potentially only one election away from falling into socialism and one quarter’s GDP report away from falling into recession.

Continue reading

Advertisements

Goldfinger, Silver and Gold

Breaking News: On July 5, 2019 prices for contracts of paper gold and silver closed at $1,400 and $15.00, a multi-decade gold/silver ratio high. The great financial game continues. What game?

  1. Low gold prices inspire confidence in central bankers and governments. The-Powers-That-Be (TPTB) often devalue their currencies too rapidly, do something more stupid than usual, pound the middle class with excessive digital printing of fiat currency units, and expand wars. When people recognize fiscal and monetary disaster ahead, prices for gold and silver rise. Hence TPTB “manage” gold and silver prices on the paper exchanges to support their “everything is great” story.
  2. The financial game has worked for decades, with minor exceptions.
  3. Silver and gold prices peaked in 2011 and fell thereafter. But metals prices will adjust to our disastrous fiscal and monetary policies, ongoing Continue reading

Will The US Economy Fall Into Recession? Or Will It Accelerate?

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The current economic expansion has just equaled with the longest boom in the US history. Is that not suspicious? We invite you to read our today’s article, which provide you with the valuable lessons from the 1990s expansion for the gold market and find out whether the US economy will die of old age.

Lessons from the 1990s Expansion for the Economy and the Gold Market

The current economic expansion has just equaled with the longest boom in the US history. Unless the sky falls in the next few weeks, we will celebrate a new record in July. Is that not suspicious?

Continue reading

For Those Who Don’t Understand Inflation

By Alasdair Macleod– Re-Blogged From GoldMoney

This article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are the suckers being robbed by monetary policy. With the world facing a deepening recession, monetary inflation will accelerate again. It is time for everyone to recognise the consequences.

Introduction

All this year I have been warning in a series of Goldmoney Insight articles that the turn of the credit cycle and the rise of American protectionism was the same combination that led to the Wall Street crash in 1929-32 and the depression that both accompanied and followed it. Those who follow statistics are now seeing the depressing evidence that history is rhyming, though they have yet to connect the dots. Understandably, their own experience is more relevant to them than the empirical evidence in history books.

Continue reading

Now Even Republicans Want A Dovish Fed

By John Rubino – Re-Blogged From Dollar Colapse

Not so long ago, the major US political parties had very different views on monetary policy. Democrats, representing labor, wanted high government spending, low interest rates and generally easy money to create as many jobs as possible. Republicans, representing capital, wanted relatively small government, low debt and tight money to give entrepreneurs a predictable future in which to build new factories.

But that was then. Today, across pretty much the entire sitting Establishment, easy money has become the goal of monetary policy, and the Fed is being reshaped to institutionalize this bias. Consider this amazing headline and the article that explains it:

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

Continue reading

Show Me The Real Money

By GE Christenson – Re-Blogged From Gold Eagle

I’ll show you real money. It looks like this:

Those circulating dollar bills, euros, pounds, and yen are DEBTS (notes) issued by central banks to extract wealth from citizens and the economy, dilute the purchasing power of the currency, and nourish the banking cartel.

From Graham Summers:

“The problem of course is once it has done this [created the ‘everything bubble’], the Fed will NEVER be able to normalize interest rates because the entire financial system is now addicted to extraordinarily low rates.”

“… a Fed President stated point blank that the Fed is aware that the entire US financial system is one gigantic leveraged bet on low interest rates…and as a result of this, the Fed is DONE with normalization.”

Continue reading

Magic Money Tree Economics

By GE Christenson – Re-Blogged From Silver Phoenix

Our Current Financial Circumstances

  1. The U.S. is $22 trillion in debt and burdened with $100 – $200 trillion more in unfunded liabilities. Just to pay the interest the U.S. must borrow. Debt is rapidly rising and cannot be paid unless “they” default or hyper-inflate the dollar.
  2. Chairman Jerome Powell stated, “The U.S. federal government is on an unsustainable path.” Even the Fed admits what everyone should realize.
  3. Global debt is $250 trillion. Some countries have descended farther down the debt-paved road to economic hell than the U.S.
  4. Pensions are under-funded, student debt is a disaster, the main street economy is weak, real estate prices and sales are falling, retail sales are down, real wages have been stagnant since the 1970s, and no credible plan exists to fix debt, deficits or devaluations.
  5. The political and financial elite profit from wars, inflation, devaluation, strip-mining assets, and income inequality.
  6. It’s an ugly picture with no easy answers. But debt, deficits and QE levitated stock markets to all-time highs.

Continue reading