Inflationary Insolvency Will Make Gold And Silver Prices Explode

By John Rubino – Re-Blogged From Gold Eagle

What happens to gold and silver prices when the Fed “goes all in” during the next financial crisis?

Money manager Michael Pento says, “They are going to explode when the stock markets melt down and deficits are rising where is the money going to come from?

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Immigrant Population Hits 107-Year High

By Joshua Paladino – Re-Blogged From Liberty Headlines

Some of the largest immigration expansions, as a percentage, between 2010 and 2017 came from war-torn or economically struggling countries…

Asylum Seekers Keep Coming Despite Immigration Law Enforcement

As of July 2017, immigrants —legal and illegal — compose the highest percentage of the U.S. population that they have since 1910.

About one in seven current U.S. residents — 44.5 million — emigrated from a foreign country, according to a study conducted by the Center for Immigration Studies.

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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:

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Saving Venezuela

   By Bob Shapiro

Venezuela used to be a relatively rich country. Today, it has a nominal GDP around $100 Billion, a population around 32 million, a labor force of 14 million, and unemployment over 30%. GDP fell last year by 14%, and inflation is so high that official statistic are meaningless. 87% of the population is described as living below the poverty line.

Through the many recent years of socialism in Venezuela, the government has racked up deficits and debt that defy reality. With recent low oil prices, and government mismanagement of the industry, revenues have fallen so much that, if the Central Bank didn’t print money with wild abandon, the government would have had to declare bankruptcy long ago.

Image result for venezuela

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Turkey Is Not Contained

By Michael Pento – Re-Blogged From Silver Phoenix

During my last appearance on CNBC, before I was banned several years ago, I warned that the removal of massive and unprecedented monetary stimuli from global central banks would have to be done in a coordinated fashion. Otherwise, there would be the very real risk of currency and debt crises around the world.

However, coordination among central banks is not what is happening. The Fed is miles ahead in its reversal of monetary stimulus, as it has already raised rates seven times; with two more 25bps rate hikes in the pipeline scheduled for later this year. It has also avowed to sell off two trillion dollars’ worth of debt off its balance sheet–while the rest of the world’s central banks are far behind in this monetary tightening course. This has led to a significant increase in the value of the US dollar.

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The Cash it Takes to go Shopping in Failing Socialist Venezuela

By Reuters – Re-Blogged From IJR

Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.

The Wider Image: Venezuelans rush to shops before monetary overhaul

Anatomy Of Hyperinflation

By Michael Pento – Re-Blogged From Silver Phoenix

Two drones filled with explosives were recently deployed in a failed assassination attempt to take out Venezuelan President Nicolas Maduro. Chaos filled the streets as the military ran for their lives. But this sort of pandemonium is commonplace in Venezuela today: Where citizens have run out of basic necessities such as toilet paper and have begun eating their pets in order to stay alive. The mainstream Keynesian-brainwashed media doesn’t talk much about Venezuela or hyperinflation; perhaps because they are viscerally aware that the seeds of intractable inflation on a worldwide basis have already been sown by the global elites–and they don’t want to frighten you.

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