Monday, June 19, 2017

Harvey Organ - This Thing is Going Down in September!


Harvey Organ Joins Us to Issue A Warning On the Markets This Fall:

“This Thing is Going Down in September…”

Will Gold and Silver Rise Again After the Latest Rate Hike?
“I Want My Real Metal!”: Something Fishy is Going On in EFP Paper!

“26 Days”: Harvey Breaks Down Andrew Maguire’s Cryptic Comments on the Gold Markets

- Source, Silver Doctors

Sunday, June 18, 2017

Chinese Gold Imports up 50% as Investors Seek Safety from Currencies

China with the worlds largest population is also the largest gold producing country on the planet and they still had to import more gold to satisfy investors as they exchange their currencies for gold.

Please read the rest here; China's Gold Imports Seen Jumping 50% as Haven Demand Booms



Friday, June 16, 2017

Saxo Bank's Steen Jakobsen 60% Chance Recession In The Next 18 Months


Steen Jakobsen is back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.


Monday, June 12, 2017

Putin Warns Of Hot War & Nuclear Holocaust: I Don’t Think Anyone Would Survive


With tensions among the world’s super powers mounting in places like Ukraine, Syria, North Korea and most recently Qatar and Iran, it may only be a matter of time before someone pushes the red button.

When they do, all bets are off, and as we’ve learned from the assassination of Archduke Ferdinand in June of 1914, once the trigger is pulled there’s no going back and hundreds of millions of lives, perhaps billions, will hang in the balance.

Considering that Russia is closely allied with Syrian President Assad, has a direct interest in maintaining control of Ukraine’s former Crimea region, and its ties to Iran, ignoring the possibility of a global war in coming years could be a devastating oversight.

We are, in fact, at war right now. But just as was the case from the 1960’s through the end of the 1980’s, it is a “cold war.” There have been no direct troop engagements that we know of between the Russians and the United States. But look to cyber space and it should be clear that there is a battle taking place on a daily basis. Moreover, as we’ve previously reported, nuclear war may well be on the horizon, because the confrontations taking place on the geo-political stage are no longer just talk.

Action has already been taken by both sides:


Putin and the Russian people believe the U.S.’s actions are going to lead to a nuclear conflict initiated by the United States. The leadership of the U.S. is made up of politicians who began their careers as Marxist-Socialists. Traitors now have their fingers on the triggers of the nuclear warheads, aided by “yes-men” of the general staffs who will not remember their oaths to the Constitution of the United States and the American people. They will ignore that these charges take precedence above any orders given by a petty, dope-smoking, Marxist community organizer of dubious citizenship who was “emplaced” into office to destroy the country.

Instead of statesmen and diplomats, we now have self-interested, politically-motivated belligerents backing Russia and other nations into corners and pushing them toward war. How long the war of words will be continued is unknown; however, when the missiles begin to fly you can be certain of something. You can rest assured that the men who spoke those words will be in bunkers and other safe places and out of harm’s waypaid for by the American taxpayer.

Full Report: Nuclear War Is On The Horizon: “This Is Not Just Talk… Action Has Been Taken”

Indeed, those who push the buttons will likely be in bunkers well before the missiles hit their targets. That’ll likely be the case on both sides.

For the rest of us?

Vladimir Putin has made clear how it will play out:

The Putin Interviews between the Russian leader and the Oscar-winning director, which will be screened on Showtime, were shot between summer 2015 and February this year and give an extraordinary insight into one of the most powerful men in the world.

Stone asked Putin whether the US would be ‘dominant’ in the event of a ‘hot war’ between the two nuclear powers.

‘I don’t think anyone would survive such a conflict,’ Putin said.

- Source, Mac Slavo

Friday, June 9, 2017

UK Election Chaos Sparks Selling Spree In Bonds & Bullion

Because nothing says sell safe-havens like a shocking election result in the nation at the center of European Union chaos...

Exit Polls signal May failure... sell Gold


At least bonds initial reaction made some sense... but since then it's been Sell the dip in yields and buy stocks... because more QE will paper over any political cracks, we're sure...


Some have suggested that this is due to the May colatilion implying a 'softer' Brexit, implying less global turmoil, implying less need for safety? We remind those 'thinkers', like pregnancy, there's no half-Brexit.

- Source, ZeroHedge

Monday, June 5, 2017

Stocks, Bonds, Euro, and Gold Go Up

The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don’t often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have).

The initial reaction in the US equities market (futures, as this was before the opening bell) was down. But it was muted, and then in a few hours turned around and the market ended even higher.

Each stock represents a business. Presumably, if jobs growth was disappointing then this is bad for stocks on two grounds. One is that companies hire based on their revenue expectations. Slow or no hiring means slow or no revenue growth. The other is that people who aren’t hired don’t buy as much, and so there is a feedback loop into sluggish business revenue growth.

However, the stock market disagreed. It said let’s cut the earnings yield a bit more, from 3.94% to 3.93%. This presumably means that earnings are set to take off (or it could mean that everyone from wage-earners who pour their surplus into the stock market to older speculators are not thinking about earnings yield).

Not only did the stock market go up, so did the euro. As did US Treasury bonds. And, finally, gold and silver. What is the one thing that these all have in common?

It is possible to borrow to buy these assets.

We read this as a garden-variety day of credit expansion. Folks, this is how the monetary system issupposed to work, according to mainstream economic thought. Based on <insert story du jour>, people borrow to buy assets. This creates a wealth effect, as rising asset prices makes people (at least those who own those assets) feel richer. When they feel richer, they go out to eat more, buy more Rolexes and Porsches, and that employs everyone else. Or so their theory goes.

Stock analysts have a wealth of material to study the fundamentals of public companies. We leave that work to them. We have a theory, model, and now a robust software platform to study and calculate the fundamentals of gold and silver.

We will show charts of the fundamental prices we calculate. But first, a look at the prices of the metals and gold-silver ratio.


Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It moved up a bit, though down on Friday.

In this graph, we show both bid and offer prices. If you were to sell gold on the bid and buy silver at the ask, that is the lower bid price. Conversely, if you sold silver on the bid and bought gold at the offer, that is the higher offer price.


For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.


We had a dropping price of the dollar (the mirror image of the rising price of gold), and a slightly falling abundance (the basis) and slightly rising scarcity (the cobasis).

Our old model shows an increase in the gold fundamental price of $19 ($1,267 to $1,286). Our new software also shows an increase, though smaller and at a higher level ($1,330 to $1,334). We plan an article to discuss this difference.

Now let’s look at silver.


In silver, there is a slight increase in abundance and decrease in scarcity as the price has risen.

Our old model shows an increase in the silver fundamental price of $0.05 ($16.12 to $16.17). Our new software, however, shows a decease and not a small one ($17.97 to $17.62). Here is a graph.


Note that the fundamental price (new software platform) is rangebound from early March. It is considerably less volatile than the market price, which is what we would hope for.


- Source, Sprott Money

Friday, June 2, 2017

John Mauldin: We are coming to a period I call the Great Reset

We are coming to a period I call the Great Reset. As it hits, we will have to deal, one way or another, with the largest twin bubbles in the history of the world: global debt, especially government debt, and the even larger bubble of government promises. We are talking about debt and unfunded promises to the tune ofmultiple hundreds of trillions of dollars – vastly larger than global GDP. We are also going to have to restructure our economies and in particular how we approach employment because of the massive technological transformation that is taking place. But let’s keep the focus for now on global debt and government promises.

All that debt cannot be repaid under current arrangements, nor can those promises ultimately be kept. There is simply not enough money and not enough growth, and these bubbles are continuing to grow. At some point, we’re going to have to deal with these issues and restructure everything.

Whether the catalyst is a European recession that spills over into the US, or one triggered by US monetary and fiscal mistakes, or a funding crisis in China, or an emerging-market meltdown, the next recession will be just as global as the last one. And there will be more build-up of debt and more political and economic chaos.

President Trump is a fairly controversial figure, but I think most of us can agree that Trump is going to make volatility great again. The Great Reset will bring an increase in volatility, and the correlation among asset classes will once again approach 1.0, as it did during 2008–2009.

If I’m right about the growing debt burden, the recovery from the next recession may be even slower than the last recovery has been – unless the recession is so deep that we have a complete reset of all asset valuations. I don’t believe politicians and central banks will allow that. They will print and try to hold on as long as possible, thwarting any normal recovery, until markets force their hands.

But then, I can think of at least three or four ways that politicians and central bankers could react during the Great Reset, and each will bring a different type of volatility and effects on valuations. Flexibility will be critical to successful investing in the future.

So let’s sum up. In my opinion, the entire world is entering what I call the Great Reset, a period of enormous and unpredictable volatility in all asset classes. I believe that diversifying among asset classes will simply diversify your losses during the next global recession. And yet, active management seemingly has not been the answer. So what do we do?

I think the answer lies in diversifying among noncorrelated trading strategies that can invest in any asset class. For a reasonably sophisticated investment professional with sufficiently high assets, there are any number of ways to diversify trading strategies.


Tuesday, May 30, 2017

Tensions Grow - Turkey Refuses To Grant Germans Access To Incirlik Airbase


While Angela Merkel is busy sowing the seeds of the next cold war between Germany and the Trump administration (and therefore the US, if only for the next three and a half years), a troubling flashpoint for Germany continues to grow in Turkey where on Tursday, Turkey's foreign minister said it is not possible to allow German lawmakers to visit troops stationed at Turkey's Incirlik air base now, although he said Ankara may reconsider if it sees "positive steps" from Berlin. It was not immediately clear just what Turkey's expectations, monetary or otherwise, were from Merkel for it to change its view.

"We see that Germany supports everything that is against Turkey," Mevlut Cavusoglu told a news conference in Ankara. "Under these circumstances it is not possible for us to open Incirlik to German lawmakers right now ... If they take positive steps in the future we can reconsider."

Turkey has prevented German lawmakers from visiting the roughly 250 troops stationed at Incirlik as part of the U.S.-led coalition against Islamic State, saying that Berlin needs to improve its attitude first.

According to Reuters, Cavusoglu also said the issue would be discussed with German Foreign Minister Sigmar Gabriel, who is due to visit Turkey on Monday. Ties between the NATO allies deteriorated sharply in the run-up to Turkey's April 16 referendum that handed President Tayyip Erdogan stronger presidential powers.

The recent deterioration in relations between Germany and Turkey developed when Germany, citing security concerns, banned some Turkish politicians from addressing rallies of expatriate Turks ahead of the referendum, infuriating Erdogan. Ankara responded by accusing Berlin of "Nazi-like" tactics. Germany has also expressed concern about the widespread security crackdown that followed last year's failed coup in Turkey. More than 100,000 people have been sacked or suspended from their jobs and more than 40,000 people jailed.

German officials said this month that 414 Turkish citizens with diplomatic passports and other government work permits had requested asylum since the attempted putsch. Berlin's interior ministry has confirmed that asylum requests had been approved for a number of the applicants, a move that angered Ankara.


Monday, May 29, 2017

Over The Last Decade The US Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s

In this article, I am going to show you that the average rate of growth for the U.S. economy over the past 10 years is exactly equal to the average rate that the U.S. economy grew during the 1930s. Perhaps this fact shouldn’t be that surprising, because we already knew that Barack Obama was the only president in the entire history of the United States not to have a single year when the economy grew by at least 3 percent. Of course the mainstream media continues to push the perception that the U.S. economy is in “recovery mode”, but the truth is that this current era has far more in common with the Great Depression than it does with times of great economic prosperity.

Earlier today I came across an article about President Trump’s new budget from Fox News, and in this article the author makes a startling claim…

The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history. You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression. This stagnant, new normal, low-growth economy is leaving millions of working age people behind who have given up even trying to participate, and has led to a malaise where many doubt that the American dream is attainable.

When I first read that, I thought that this claim could not possibly be true. But I was curious, and so I looked up the numbers for myself.

What I found was absolutely astounding.

The following are U.S. GDP growth rates for every year during the 1930s…

1930: -8.5%
1931: -6.4%
1932: -12.9%
1933: -1.3%
1934: 10.8%
1935: 8.9%
1936: 12.9%
1937: 5.1%
1938: -3.3%
1939: 8.0%

When you average all of those years together, you get an average rate of economic growth of 1.33 percent.

That is really bad, but it is the kind of number that one would expect from “the Great Depression”.

So then I looked up the numbers for the last ten years…

2007: 1.8%
2008: -0.3%
2009: -2.8%
2010: 2.5%
2011: 1.6%
2012: 2.2%
2013: 1.7%
2014: 2.4%
2015: 2.6%
2016: 1.6%

When you average these years together, you get an average rate of economic growth of 1.33 percent.

I thought that was a really strange coincidence, and so I pulled up my calculator and ran all of the numbers again and I got the exact same results.

The 1930s certainly had more big ups and downs, but the average rate of economic growth during that decade was exactly the same as we have seen over the past 10 years.

And of course the early 1940s turned out to be a boom time for the U.S. economy, while it appears that our rate of economic growth is actually slowing down. As I noted yesterday, U.S. GDP growth during the first quarter of 2017 was just 0.7 percent.

But you don’t hear any talk like this on the mainstream news, do you?

Instead, they tell us that everything is just peachy.

I often wonder what things would be like right now if Barack Obama and his minions in Congress had not added more than 9 trillion dollars to the national debt. By stealing all of that money from future generations of Americans and spending it now, Obama was able to artificially prop up the U.S. economy. If we were able to go back and remove 9 trillion dollars of government spending from the economy over the past 8 years, we would be in a rip-roaring economic depression right now. For an extended analysis of this, please see my previous article entitled “The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy”…

But even though we have been adding more than a trillion dollars to the national debt each year, and even though the Federal Reserve pushed interest rates all the way to the floor during the Obama era, the U.S. economy has not grown by three percent or more on an annual basis since 2005.

When you take an honest look at the numbers, there is no way that anyone can possibly claim that the U.S. economy is doing well. The best that you can say is that we have been staving off a complete economic meltdown and another Great Depression, but of course the measures that our leaders have been taking to do this have just been making our long-term problems even worse.

I feel bad for President Trump, because he has inherited the biggest economic mess in U.S. history. When we finally reach the point when it is impossible to artificially prop up the U.S. economy any longer, he is going to get most of the blame, but he won’t deserve it.

It is not going to be possible for Trump or anyone else to fix our system, because it was fundamentally flawed from the very beginning. The Federal Reserve was designed to create an endless spiral of government debt, and since the day it was created the U.S. national debt has gotten more than 5000 times larger and the value of the U.S. dollar has declined by about 98 percent.

If we truly want to fix the economy, the Federal Reserve must be abolished. If I was President Trump, I would look to start issuing debt-free U.S. currency just like President Kennedy did in 1963 as soon as possible.

In addition, we need to push tax rates as low as possible. Personally, I would like to see the day when the personal income tax is completely eliminated and the IRS is shut down. The greatest period of economic growth in all of U.S. history was when there was no income tax and no Federal Reserve. America once thrived in such an environment, and I believe that we can do it again.

Of course we need to also dramatically reduce the size and scope of the federal government. Our founders intended to create a very limited federal government, but instead the left has just kept pushing to make it larger and larger.

Businesses all over America are being strangled to death by mountains of federal regulations, and if we could just get the government off of their backs the business community could start thriving again. There are quite a few government agencies that could be shut down entirely, and I think that the EPA would be a good place to start.

Once upon a time the United States showed the world the power of free markets and capitalism, and if we want to make America great again, we should go back and do the things that made America great in the first place.

But would the American people be willing to go down that path?


Wednesday, May 24, 2017

The Only Metal Trump Wants More Than Gold

If you’re looking for the tightest supply picture on the commodities scene, look no further than one base metal that is set for the biggest bull run of the decade. It’s essential to everything we build on this planet, yet we don’t have enough and the demand surge will be massive.

It’s not one of the metals that have just exited their super-cycle—like lithium or cobalt—behind the single-minded electric vehicle (EV) boom; this is the rock of ages. This is zinc.

It’s used in everything from oil and gas and power-generation, to military equipment, automotive and shipbuilding—and a million other things that we take for granted every day.

It started in 2016, but this year will be the ‘pinch point’ of zinc supply, with mine closures and production cuts outweighing new output, says Wood Mackenzie Analyst Jonathan Leng.

The downside is that stockpiles are at multi-year lows. Two major mines shut down last year, but demand remains relentless. The supply squeeze is on, and it’s painfully tight. China is going through record amounts of zinc, and America plans to spend billions on infrastructure and military defense build-ups mean that zinc—more than at any time in history—is the number one go-to metal.

Zinc will decide the fate of progress. It will define the economic future, and it will even shape the military capabilities of the world’s superpowers.

Already in 2016, zinc smelting demand outpaced mine production, and end use demand outpaced smelting production and mine production combined.

As you’ll see below, this is the beginning of the raging bull market.


During Zinc’s last cycle in 2005, the price surged when inventories dropped below critical levels–and that’s exactly where they’re headed now.

And right at the edge of this fantastic supply gap, is where new exploration enters the picture in a dramatic way—especially for investors eyeing a cheap and easy way into one of the most strategic metals on the planet.

Zinc One (TSX-V:Z; OTC:ZZZOF) just completed an acquisition in Peru that gives it one of the highest-grade zinc deposits in the world, with immediate exploration and future production potential.

Peru is one of the best mining countries in the world because its authorities understand the significance of the fact that half of its GDP comes from mining. It also has deposits with some of the highest zinc grades in the world.


Zinc One’s flagship Bongará project in Peru is remarkable. Not only does it boast exceptionally high-grade zinc, but it’s right on the surface and recently in production.

Essentially, we’re looking at an ambitious junior miner who has slipped quietly into one of the most promising zinc projects on the planet right when the supply squeeze has everyone wondering how we’re going to feed the military, industry and Asian urbanization.

- Source, Silver Doctors, Read More Here

Monday, May 15, 2017

Petrodollar Is Already Dead, Is JPMorgan Preparing to Revalue Silver?


Jim Willie Breaks Down the Collapse of the Petrodollar, & Is JPMorgan About to Leverage Their Silver Stockpile to REVALUE SILVER MASSIVELY HIGHER?

In this interview, Jim Willie answers the following viewers’ questions about the COMEX, JPMorgan, Puerto Rico’s bankruptcy, and the petrodollar!


Thursday, May 11, 2017

Kyle Bass: China's Credit Bubble Is Beginning to Blow


Kyle Bass, Hayman Capital Management's chief investment officer and managing partner, discusses China's economy and the global risks to financial markets with Bloomberg's Erik Schatzker at the Milken Institute Global Conference. (Source: Bloomberg)

Monday, May 8, 2017

Keiser Report: Peak Gold, Silver On Small Finite Planet


In this episode of the Keiser Report Max and Stacy discuss the all talk, no action of the ‘we’re going to rise up one day generation’. In the meantime, central banks have become all talk, all action with their monetary revolution. In the second half Max interviews Mark O’Byrne of Goldcore.com about the case for peak precious metals.


Friday, May 5, 2017

Silver Will Soar in the Coming Crash - Silver Supply and Demand


This video is an in-depth review of the supply and demand factors in the silver market. I also go over how I see the supply and demand changing in the future, and why I think that could send silver soaring upwards, largely due to a physical shortage, along with a breakdown of the (manipulated) paper markets.


Monday, May 1, 2017

Gold Manipulation and $1.2 Quadrillion in Derivatives

For several months during 2016 I was researching the SDR, Federal Reserve Note/U.S. dollar, global currencies and the people behind the scenes pulling the strings. The pulling of the strings was being conducted by oligarchs, like the Group of 30, the IMF, BIS and other unelected globalist operating in broad daylight or the shadows. During this time it became clear the task the citizens face is one of epic proportions. These unelected bureaucrats, that write policy to determine our fate answer to no one except the people at the very top of the economic/financial food chain. The people we rarely hear about and know very little of their lives. These are the most dangerous of all and the people benefiting the most from our labor and resources.

How did we reach this point? Why do these criminals get away with such heinous crimes?

The people, like Dr. Coats and Mr. Robert Pringle, both were members/chiefs at the IMF, while they have been on the teams creating policy, the policies they put forth were met with resistance – who is this resistance and why are they resisting? Knowing these people and understanding aspects of their motivations is what I am referencing. Why would someone put up a wall to block logic? Why would anyone want to institute a form of slavery, on a global scale, that is impossible to get away from and actually make it illegal to get away from it? If I print currency to be used instead of Federal Reserve Notes I would be jailed for counterfeiting. Federal Reserve Notes, according to the Constitution, have been and will continue to be, counterfeiting as long as they exist, period. Anyone that says otherwise is protecting an agenda or has no knowledge of the Constitution. Federal Reserve Notes are an instrument of debt, they were born of debt and if the debt is ever repaid the Federal Reserve Note would go “poof” in the night. It is physically impossible to repay the debt that is the Federal Reserve Note. What is the difference between a Federal Reserve Note, a Euro, Canadian dollar, Australian dollar, Real, Yen or any other central bank OWNED fiat currency? Nothing. The only difference is location and color of dye used to stain the paper.

Do you have “full faith and credit” in the government – any government? Think about it. This is the back-stop for all the fiat currencies being used around the world. Promises (lies) made by politicians who’s only concern is staying in a position of power in order to extract more of our wealth for themselves and their corporate friends. Full faith and credit!

If we review the words of Alan Greenspan’s testimony before Congress in 1998 we find the smoking gun in the hands of the head of the Federal Reserve. Mr. Greenspan’s testimony overrides anything and everything people have to say about gold, gold manipulation and the corrupt system that enslaves us all. Federal Reserve policies and mandates are for the sole purpose of protecting the Federal Reserve and it’s member banks.
Potential Application of the CEA to OTC Derivatives

The vast majority of privately negotiated OTC contracts are settled in cash rather than through delivery. Cash settlement typically is based on a rate or price in a highly liquid market with a very large or virtually unlimited deliverable supply, for example, LIBOR or the spot dollar-yen exchange rate. To be sure, there are a limited number of OTC derivative contracts that apply to nonfinancial underlying assets. There is a significant business in oil-based derivatives, for example. But unlike farm crops, especially near the end of a crop season, private counterparties in oil contracts have virtually no ability to restrict the worldwide supply of this commodity. (Even OPEC has been less than successful over the years.) Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

To be sure, a few, albeit growing, types of OTC contracts such as equity swaps and some credit derivatives have a limited deliverable supply. However, unlike crop futures, where failure to deliver has additional significant penalties, costs of failure to deliver in OTC derivatives are almost always limited to actual damages. There is no reason to believe either equity swaps or credit derivatives can influence the price of the underlying assets any more than conventional securities trading does. Thus, manipulators attempting to corner a market, even if successful, would have great difficulty in inducing sellers in privately negotiated transactions to pay significantly higher prices to offset their contracts or to purchase the underlying assets.

Finally, the prices established in privately negotiated transactions are not widely disseminated or used directly or indiscriminately as the basis for pricing other transactions. Counterparties in the OTC markets can easily recognize the risks to which they would be exposed by failing to make their own independent valuations of their transactions, whose economic and credit terms may differ in significant respects. Moreover, they usually have access to other, often more reliable or more relevant sources of information. Hence, any price distortions in particular transactions could not affect other buyers or sellers of the underlying asset. Source

No one, not even the money masters, can predict the future and no one can predict the market. The money printers can create currency to whitewash a situation like Deutsche Bank (DB), however, they can not whitewash the derivatives market that is the underpinning of these too big to jail banks. $46 trillion in notional derivatives at DB alone, another $70+ trillion at JPMorgan and that’s just two of the crime syndicates operating in the very opaque OTC market. The derivatives market is the problem. Once something gets moving through this market it will be almost impossible to stop. The daisy-chain of interconnectedness is on such a scale that a handful of derivatives could set the banking system ablaze. When you are talking about $1.2 QUADRILLION of “financial instruments” getting out of balance or going belly up the whole world has a problem. This is what DB represents and the financial world knows it.

Why would Ray Dalio say, in October 2016, the ECB and BoJ have anywhere from 8 months to 5.5 years remaining before they go belly up? The only way to get the outside number is by monetizing everythingincluding 20% of the entire stock market. Is that realistic – is this what’s happening to the S&P500 and why it continually post new record highs? Is Mr. Dalio just another boob to be ignored? 5.5 years is not that long. Mr. Dalio is not predicting the future he is merely reviewing the trajectory the money printers are traveling.

As the 2008 economic – debt – implosion continues to unfold we need to keep in mind the people that engineered this nightmare and then foisted it upon each of us. The Federal Reserve being at the heart of the situation working in concert with their henchmen the “too big to jail” banking cabal and the people operating these crime machines. It is not enough there was approximately $16 – $23 trillion stolen from the American people, the crime spree has continued to this day with no sign of letting up.

As China, Russia and the other BRICS, SCO and EEU member nations continue moving their economic engine forward the western world – primarily the U.S. and Europe – continues drowning in the cesspool of debt created by these monsters. As the eastern world becomes stronger will these nations simply walk away from the western nations and the unsustainable debt load? The eastern nations, especially along the One Belt One Road (New Silk Road) will no longer be dependent upon the western nations to ship goods and services as these nations will need the manufacturing and services for their own internal needs. Where will the western world acquire the latest and greatest developments? Who will manufacture the crayons, toilet paper and all the other everyday items that have been off-shored and in the very near future will be produced in fully automated factories? If these manufacturing jobs return to the western world odds are the factories will be designed with robots, AI and other technologies to produce the goods and humans will need not apply.

Stephen Roach, Project Syndicate, describes this way:
Second, has the developing world finally broken free of its long-standing dependence on the developed world?

I have long argued that claims of such a “decoupling” were spurious, given the persistence of export-led growth in poorer countries, which tethers their economies to external demand in richer countries. But the facts now speak otherwise. Growth in global trade slowed to a 3% average pace over the 2008-2016 post-crisis period – half the 6% norm from 1980 to 2016. Yet, over the same period, GDP growth in the developing economies barely skipped a beat. This attests to a developing world that is now far less dependent on the global trade cycle and more reliant on internal demand.

So, where do we go from here and how will we get there? Debt, busted infrastructure and lazy arrogant people doesn’t make for a great place to build a new factory nor does it make a nation state, like China, wish to invest. China may be pumping investment dollars into the western world, but make no mistake about it, the goal is too extract all the wealth possible from the host and return it to a more stable economic environment at home. The “developed”/Western world will soon become the “emerging market” while the current “emerging market” continues to conduct business as the West conducts war.

- Source, Sprott Money

Thursday, April 27, 2017

Is a New Golden Age Breaking?

The gold price has reached new heights. According to the well-known financial expert Dan Steinbock, this is only the beginning.

Every gold investor knows the rule of thumb: if interest rates rise in the U.S., then the dollar strengthens and weakens the gold price calculated in the American currency.

From this point of view, the latest bull market in gold (an ounce is currently 11 percent higher than at the beginning of the year at 1,278 dollars) is no more than a straw fire.

The normalization of low-interest policy is being seen in the USA. According to most observers, it is only a matter of time before interest rates rise in the other large economic nations.

Search For Safe Ports


One who does not believe in a straw fire in gold is Dan Steinbock (picture below). The publicist and founder of the Difference Group, who teaches as a researcher at the Shanghai Institute for International Studies in China and at the EU Center in Singapore, is convinced of the contrary. He believes that a new golden age is coming for investors.

Not surprisingly, Steinbock argues with the escape reflex against political uncertainties. The civil war in Syria, the volatility around North Korea, the upcoming elections in Germany and France, but also the new ice age between the USA and Russia: all this, says finews.first author Steinbock, means investors look for safe havens.



A New Gold Standard

According to the native Finn, the most common escape route is blocked. State bonds are no longer the obvious choice in view of the bubble in the bond market, which has been fueled by central banks all over the world. Steinbock, on the other hand, finds the precious metal much more attractive by virtue of the fact that it has been subordinated in many portfolios and undervalued in numerous key currencies.

The Asian specialist also drew attention to subtle shifts in world trade. Last March, the Russian Central Bank opened an office in Beijing. The two countries want to coalesce in the monetary policy - and possibly the Russians could become an important gold supplier to China.

Already there are speculations about a new common gold standard, which does not need the «Greenback» of the Americans.

The Rule of Thumb Forgotten

This comes from the fact that gold is no longer viewed only from the dollar perspective. According to Steinbock, 90 per cent of the demand for physical gold from outside the Americas already comes from India and China.

In the currencies of these countries gold has made a better return than in dollars.

To draw his conclusions is easy, says the financial scientist. Anyone who only follows the old dollar rule of thumb misses the potential that gold offers to investors around the world.

- Source, finews

Monday, April 24, 2017

11 Facts That Prove The 2017 US Economy Is In Far Worse Shape Than It Was In 2016


There is much debate about where the U.S. economy is ultimately heading, but what everybody should be able to agree on is that economic conditions are significantly worse this year than they were last year. It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times. As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis. Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening. The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…

#1 It is being projected that there will be more than 8,000 retail store closings in the United States in 2017, and that will far surpass the former peak of 6,163 store closings that we witnessed in 2008.

#2 The number of retailers that have filed for bankruptcy so far in 2017 has already surpassed the total for the entire year of 2016.

#3 So far in 2017, an astounding 49 million square feet of retail space has closed down in the United States. At this pace, approximately 147 million square feet will be shut down by the end of the year, and that would absolutely shatter the all-time record of 115 million square feet that was shut down in 2001.

#4 The Atlanta Fed’s GDP Now model is projecting that U.S. economic growth for the first quarter of 2017 will come in at just 0.5 percent. If that pace continues for the rest of the year, it will be the worst year for U.S. economic growth since the last recession.

#5 Restaurants are experiencing their toughest stretch since the last recession, and in March things continued to get even worse…


Foot traffic at chain restaurants in March dropped 3.4% from a year ago. Menu prices couldn’t be increased enough to make up for it, and same-store sales fell 1.1%. The least bad region was the Western US, where sales inched up 1.2% year-over-year and traffic fell only 1.7%, according to TDn2K’s Restaurant Industry Snapshot. The worst was the NY-NJ Region, where sales plunged 4.6% and foot traffic 6.3%.

This comes after a dismal February, when foot traffic had dropped 5% year-over-year, and same-store sales 3.7%.

#6 In March, U.S. factory output declined at the fastest pace in more than two years.

#7 According to the Bureau of Labor Statistics, not a single person is employed in nearly one out of every five U.S. families.

#8 U.S. government revenues just suffered their biggest drop since the last recession.

#9 Nearly all of the big automakers reported disappointing sales in March, and dealer inventories have now risen to the highest level that we have seen since the last recession.

#10 Used vehicle prices are absolutely crashing, and subprime auto loan losses have shot up to the highest level that we have seen since the last recession.

#11 At this point, most U.S. consumers are completely tapped out. According to CNN, almost six out of every ten Americans do not have enough money saved to even cover a $500 emergency expense.

Just like in 2008, debts are going bad at a very alarming pace. In fact, things have already gotten so bad that the IMF has issued a major warning about it


In America alone, bad debt held by companies could reach $4 trillion, “or almost a quarter of corporate assets considered,” according to the IMF. That debt “could undermine financial stability” if mishandled, the IMF says.

The percentage of “weak,” “vulnerable” or “challenged” debt held as assets by US firms has almost arrived at the same level it was right before the 2008 crisis.

We are seeing so many parallels to the last financial crisis, and many are hoping that our politicians in Washington can fix things before it is too late.

On Monday, the most critical week of Trump’s young presidency begins. The administration will continue working on tax reform and a replacement for Obamacare, but of even greater importance is the fact that if a spending agreement is not passed by Friday a government shutdown will begin at the end of the week


Trump has indicated that he wants to tackle the repeal and replacement of Obamacare and introduce his “massive” tax plan in the next week, all while a shutdown of parts of federal government looms Friday.

By attempting three massive political undertakings in one week, investors will have a sense of whether or not Trump will be able to deliver on pro-growth policies that would be beneficial for markets.

If Trump can pull off the trifecta, it could restore faith that policy proposals like tax cuts and infrastructure spending are on the way. If not, look out.

Members of Congress are returning from their extended two week spring vacation, and now they will only have four working days to get something done.

And I don’t believe that they will be able to rush something through in just four days. The Republicans in Congress, the Democrats in Congress, and the Trump administration all want different things, and ironing out all of those differences is not going to be easy.

For example, the Trump administration is insisting on funding for a border wall, and the Democrats are saying no way. The following comes from the Washington Post

President Trump and his top aides applied new pressure Sunday on lawmakers to include money for a wall on the U.S.-Mexico border in a must-pass government funding bill, raising the possibility of a federal government shutdown this week.

In a pair of tweets, Trump attacked Democrats for opposing the wall and insisted that Mexico would pay for it “at a later date,” despite his repeated campaign promises not including that qualifier. And top administration officials appeared on Sunday morning news shows to press for wall funding, including White House budget director Mick Mulvaney, who said Trump might refuse to sign a spending bill that does not include any.

And of course the border wall is just one of a whole host of controversial issues that are standing in the way of an agreement. Those that are suggesting that all of these issues will be resolved in less than 100 hours are being completely unrealistic. And even though the Trump administration is putting on a brave face, the truth is that quiet preparations for a government shutdown have already begun.

The stage is being set for the kind of nightmare crisis that I portrayed in The Beginning Of The End. The stock market bubble is showing signs of being ready to burst, and an extended government shutdown would be more than enough to push things over the edge.

Let us hope that this government shutdown is only for a limited period of time, because an extended shutdown could potentially be catastrophic. In the end, either the Trump administration or the Democrats are going to have to give in on issues such as funding for Obamacare, the border wall, Planned Parenthood, defense spending increases, etc.

It will be a test of the wills, and it will be absolutely fascinating to see who buckles under the pressure first.


Thursday, April 20, 2017

The Gold to Silver Divergence

This was a holiday-shortened week, due to Good Friday, and we are posting this Monday evening due to today being a holiday in much of the world.

Gold and silver went up the dollar went down, +$33 and +$0.53 -64mg gold and -.05g silver. The prices of the metals in dollar terms are readily available, and the price of the dollar in terms of honest money can be easily calculated. The point of this Report is to look into the market to understand the fundamentals of supply and demand. This can’t necessarily tell you what the price will do tomorrow. However, it tells you where the price should be, if physical metal were to clear based on supply and demand.

Of course, two factors make this very interesting. One is that the speculators use leverage, and they can move the price around. At least for a while. The other is that the fundamentals change. There is no guarantee that the prices of the metals will reach the fundamental price of a given day. Think of the fundamentals as gravity, not the strongest force in the system but inexorable, tugging every day.

This week, the fundamentals of both metals moved, though not together. We will take a look at that below, but first, the price and ratio charts.

The Prices of Gold and Silver


Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It didn’t move much this week.

The Ratio of the Gold Price to the Silver Price


For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.

The Gold Basis and Cobasis and the Dollar Price


The scarcity (i.e. the cobasis, the red line) is in a gentle rising trend for about six months. This week, the cobasis was down slightly. Not a surprise given the (relatively) big price move of +$33. Nor does it appear to break the trend.

Our calculated fundamental price of gold is at $1,301, just above the market price.

Now let’s look at silver.

The Silver Basis and Cobasis and the Dollar Price

In silver, it’s much harder to say that there is an uptrend in the cobasis. Our indicator of scarcity is at the same level it was in October. Back then, the price of silver was $17.60 and on Thursday it was just about 90 cents higher.

The fundamental price back then was just under $15. Now it’s just under $16.50. This happens to be down about 40 cents this week.

With the fundamental of gold rising, and that of silver falling, it’s not surprising that the fundamental gold-silver ratio is up to a bit over 79.


- Source, Keith Weiner via the Sprott Money Blog

Friday, April 14, 2017

Trump's Political Pivot And A Weaker Dollar Drive Gold Higher?


Those of you who voted for Trump as a vote not to elect Hillary have ended up with “Hillary.” Those of you voted for Hillary, and thought you lost, have ended up in many respects with a surrogate for Hillary. It took less than 12 weeks since the inauguration for Trump to adopt the stance of a true Washington politician. This is where the “elected” official pivots away from the public interest and toward the interests of the Deep State: Big oil, big defense, big healthcare and, of course, Too Big To Fail Wall Street. Congratulations Donald. You’ve passed the Beltway Test. Welcome to “The Club.”

Of course, you are “blind” if you didn’t think this would happen once Trump took office and let Hillary, her gang of criminals and the Clinton Slush Fund Foundation off the hook after threatening her with prison during the election debates.

Anti-gold apologists will attribute the remarkable move higher in the price of gold this week to the heightened geopolitical tensions between Russia and the U.S. over Syria plus the North Korea situation. While this might have had some influence on the price move in gold, the primary drivers are economic, financial and structural.

By “structural” we mean the quiet implementation of a digital gold accumulation system between Shanghai, Dubai and Europe. In China, this system will let the public buy a “digital” form of gold in tiny increments and go into participating banks and take possession of that gold. Rory Hall has presented two important interviews on this topic on The Daily Coin that merit attention on this topic: Gold, China, Trump and Economic Collapse, with Ken Shortgen, and China Moves 30% More Funds Into Physical Gold, with Jeff Brown.

While geopolitical and economic factors are pushing the price of gold higher, the extreme dislocation between the western Central Bank short position in gold via several different forms of paper gold and the amount of available physical gold to deliver into buyers’ hands is going to move gold in a way that will shock and awe everyone except maybe the hardiest gold “bugs.” The two interviews posted above will help explain why.

Finally, as we presented here after Trump was elected, a newly implemented weak dollar policy will springboard the price of gold higher, which is what we witnessed yesterday after Trump affirmed that his administration favors taking the dollar lower in an inevitably failed attempt to revive the competitiveness of U.S. exports.

- Source, Silver Doctors

Monday, April 10, 2017

The Biggest Stock Bubble In U.S. History

Please note, many will argue that the p/e ratio on the S&P 500 was higher in 1999 than it is now. However, there’s two problems with the comparison. First, when there is no “e,” price does not matter. Many of the tech stocks in the SPX in 1999 did not have any earnings and never had a chance to produce earnings because many of them went out of business. However – and I’ve been saying this for quite some time and I’m finally seeing a few others make the same assertion – if you adjust the current earnings of the companies in SPX using the GAAP accounting standards in force in 1999, the current earnings in aggregate would likely be cut at least in half. And thus, the current p/e ratio expressed in 1999 earnings terms likely would be at least as high as the p/e ratio in 1999, if not higher. (Changes to GAAP have made it easier for companies to create non-cash earnings, reclassify and capitalize expenses, stretch out depreciation and pension funding costs, etc).


We talk about the tech bubble that fomented in the late 1990’s that resulted in an 85% (roughly) decline on the NASDAQ. Currently the five highest valued stocks by market cap are tech stocks: AAPL, GOOG, MSFT, AMZN and FB. Combined, these five stocks make-up nearly 10% of the total value of the entire stock market.

Money from the public poured into ETFs at record pace in February. The majority of it into S&P 500 ETFs which then have to put that money proportionately by market value into each of the S&P 500 stocks. Thus when cash pours into SPX funds like this, a large rise in the the top five stocks by market cap listed above becomes a self-fulfilling prophecy. The price rise in these stocks has nothing remotely to do with fundamentals. Take Microsoft, for example (MSFT). Last Friday the pom-poms were waving on Fox Business because MSFT hit an all-time high. This is in spite of the fact that MSFT’s revenues dropped 8.8% from 2015 to 2016 and its gross margin plunged 13.2%. So much for fundamentals.

In addition to the onslaught of retail cash moving blindly into stocks, margin debt on the NYSE hit an all-time high in February. Both the cash flow and margin debt statistics are flashing a big red warning signal, as this only occurs when the public becomes blind to risk and and bet that stocks can only go up. As I’ve said before, this is by far the most dangerous stock market in my professional lifetime (32 years, not including my high years spent reading my father’s Wall Street Journal everyday and playing penny stocks).

Perhaps the loudest bell ringing and signaling a top is the market’s valuation of Tesla. On Monday the market cap of Tesla ($49 billion) surpassed Ford’s market cap ($45 billion) despite the fact that Tesla deliver 79 thousand cars in 2016 while Ford delivered 2.6 million. “Electric Jeff” (as a good friend of mine calls Elon Musk, in reference to Jeff Bezos) was on Twitter Monday taunting short sellers. At best his behavior can be called “gauche.” Musk, similar to Bezos, is a masterful stock operator. Jordan Belfort (the “Wolf of Wall Street”) was a small-time dime store thief compared to Musk and Bezos.

Tesla has never made money and never will make money. Next to Amazon, it’s the biggest Ponzi scheme in U.S. history. Without the massive tax credits given to the first 200,000 buyers of Tesla vehicles, the Company would likely be out of business by now.

Once again the public has been seduced into throwing money blindly at anything that moves in the stock market, chasing dreams of risk-free wealth. 99% of them will never take money off the table and will lose everything when this bubble bursts. And only the biggest stock bubble in history is capable of enabling operators like Musk and Bezos to reap extraordinary wealth at the expense of the public. The bell is ringing, perhaps Musk unwittingly rang it on Monday with hubris. The only question that remains pertains to timing


Wednesday, April 5, 2017

Bank of America Says You Should Buy… Gold?!


What would compel one of the largest banks in the world to give the advice that people should buy gold to protect themselves from the coming crash? What is the "Icarus Trade"? What is the "Great Fall"?

- Source

Friday, March 31, 2017

ALERT: Secret Hidden Silver Hoard... 2.75 Billion Ounces!


SECRET SILVER HOARD! In 1943 the US Government secretly transferred 2.75 Billion ounces of silver to make the first atomic bomb! And they had to tear down the facility to get the silver in 1992-94!! You can't make this stuff up!


Monday, March 27, 2017

Gold & Silver Manipulation: The Biggest Financial Crime In History

According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft.

The MFM have conveniently ignored a far larger financial crime that has been perpetrated for 37 years and counting, and that has netted its orchestrators more than $1,000,000,000,000.00 ($1 trillion) in stolen profits. This crime is so powerful that it can produce fraudulent proceeds of $1+ billion on demand and in minutes, making it unique in the annals of theft. It is a crime that has been committed literally thousands of times since 1980, and is now being committed in the most blatant and brazen manner ever. This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.

As this immensely profitable fraud has been perpetrated, the MFM have bombarded the populace with a propaganda campaign that smears and mis-characterizes gold. Rising precious metals prices are always presented as being ominous, negative and inimical to the people, while declining prices are consistently placed in a favorable light. This propaganda has been carefully crafted and timed so that when massive, coordinated price attacks occur, market observers actually view them as positive market developments and move on, in the belief that all is well and there is nothing to see.

Whenever true prices start to exert themselves, the MFM go into overdrive to demonize and discredit gold. Truly disgracing themselves, which is increasingly difficult for them to do given the depths to which their fake financial journalism has plunged, they have actually published articles calling gold a “Pet Rock,” and in another instance, a “Ponzi scheme.” By the latter’s idiotic logic, all natural elements and tangible goods are Ponzi schemes, too. If you listen to them, milk and eggs are criminal conspiracies also. They know it’s absurd, but they throw the spaghetti against the wall anyhow, to flog the agenda and please their Deep State owners.

Last week, Bloomberg Magazine ran a cover story about a two-bit nobody smuggling meaningless quantities of gold as if this were the gravest threat to humanity in the 21st Century. It was yet another effort to make the gold market look seedy, shady and dirty. The lengths to which they go in order to slam precious metals prove that this is a very important Deep State agenda. And it is, because its purpose is to deflect attention away from the Deep State’s unprecedented financial criminality.

In the late 1970s, oil barons Bunker and Lamar Hunt became interested in the favorable fundamentals of silver. They steadily bought the metal, ramping up its price. The Bank State went short against the Hunts, in size. But buying demand persisted, and by January, 1980, silver had reached a record $49.45 per ounce ($147.68 in today’s dollars) and the Bank State was choking on massive paper losses.

The Bank State did what it always does when the chips are down: it lied, cheated and stole. First, it ordered the MFM to character assassinate the Hunts by labeling them greedy profiteers who were attempting to corner the silver market at what would be an exorbitant cost to society. Which was a deliberate lie. Later evidence proved that the Hunts bought silver based upon extensive quantitative analysis that showed it to be significantly undervalued, just as others throughout history have been attracted to undervalued assets. There was no evidence at all that the Hunts were trying to corner the silver market. But the media onslaught overwhelmed the truth, and set the stage for Act 2.

In Act 2, the Bank State ordered its’ captured, bribed CFTC regulators to change silver futures rules so as to force the Hunts to liquidate their positions. Predictably, silver’s price plunged from $49.45 to $10.80 between January and March, 1980, as a result of the out-of-the-blue, “liquidation only” CFTC mandate. This wiped out the Hunts and bailed out the Bank State of its massive losses, which, of course, was the corrupt point of the exercise.

In the process, the Bank State saw first-hand the enormous profit potential inherent in precious metals price manipulation. And it raced to invent a new form of alchemy that would enable it to make those potential profits go exponential: the transmutation of printed paper and costless, ethereal computer digits into what they would say were the equivalent of physical gold and silver. Honest precious metals price discovery died when the Hunts were cheated and fake gold and silver were invented. The precious metals futures market has been an organized crime scene ever since.

Prior to the Deep State’s successful overthrow and corruption of the metals market, gold and silver reached 1980 highs of $850 and $49.45, respectively. We regard those as legitimate prices that actually would have been exceeded if the free market had prevailed. Fundamental forces were enormously bullish for metals at that time, and have been so ever since.

Using the U.S. government’s inflation statistics, which are deliberately understated and therefore conservative, today’s prices would be $2,510.55 for gold and $147.68 for silver. Therefore, current fake gold and silver prices are roughly $1,300.00 and $130.00 per troy ounce beneath their 1980 inflation adjusted highs, respectively. This is extraordinary given the radical deterioration of monetary, financial, fiscal, economic and geopolitical conditions since 1980. Prices should now be far above the 1980 inflation-adjusted highs, not far below them.

With 5.8 billion ounces of owned physical gold in the world, the $1,300 per ounce price oppression results in an aggregate gold market undervaluation of $7.54 trillion. And with 20.5 billion ounces of owned physical silver in the forms of jewelry, silverware, coins, bars and rounds, the $130 per ounce price oppression amounts to an additional market undervaluation of $2.67 trillion. Combined, this totals $10.21 trillion that has been stolen from the owners of gold and silver worldwide as a result of the Deep State’s price manipulation fraud. This $10.21 trillion amount is an absolute minimum, because for dozens of objective, quantifiable reasons, gold and silver prices should exceed their 1980 inflation adjusted highs by at least two and up to four times. Therefore, the true cost to the global owners of gold and silver is actually in the range of $20 to $40 trillion. The people have paid a staggering price for the Deep State’s precious metals crime spree, as there is no fraud in history whose financial impact even come close to this. Yet the corrupt MFM doesn’t say a word.

From 2009 through 2013, former Goldman Sachs partner Gary Gensler, protégé of (among others) Robert Rubin (former U.S. Treasury Secretary and now Chairman of the Council on Foreign Relations, the embodiment and epitome of the Deep State) and Larry Summers (also a former U.S. Treasury Secretary (put there by his mentor, Robert Rubin), Group of 30 member and a leading Deep State cash elimination mouthpiece), was the Chairman of the Commodities Futures Trading Commission (CFTC). During virtually his entire tenure, the CFTC conducted a so-called investigation into silver market price manipulation. In 2013, the CFTC closed the investigation, saying it had not found any improprieties whatsoever, not even one. According to them, the silver market was squeaky clean.

In 2016, completely without any CFTC involvement, Deutsche Bank admitted that it and numerous other major, international, SIFI (Significantly Important Financial Institution, aka, Too Big to Fail) banks had massively manipulated the silver market for years, including during the entire duration of the CFTC’s fake investigation. A few days later, Deutsche Bank admitted that it and numerous other SIFI banks had also rigged the gold market.

Gensler left the CFTC in early 2014, and went to work for Hillary Clinton’s presidential campaign. In 2015, he was named Chief Financial Officer of her campaign. A Clinton victory was fully expected, and it was understood that Clinton would name Gensler Secretary of the Treasury. (Now do you see how this works?) In that role, he would have been far more helpful to the Deep State than he was in his CFTC role of protecting their $1 trillion precious metals fraud from being exposed or interfered with. In the Treasury Secretary position, the top marching order from his Deep State masters would have been simple and clear: get cash eliminated once and for all, and we will make you richer than you can ever imagine. He would have been all over it.

Cash elimination is the Deep State’s upcoming, Main Event. They will steal far more by eliminating cash than they have stolen to date by all their other frauds, combined. While the rigging of the precious metals markets is currently the largest financial crime in history, it will be left in the dust when they come to steal the dollars, Euros and other fiat currencies that they are working to corral in their monetary prisons. They lurch from one record to another, on the bent and hurting backs of the people.

Trump’s victory threatens to slow down the implementation of their cash elimination agenda, and this is why they are incensed, and will do literally anything to get rid of him. Trump is brave, and in extreme danger the 86,400 seconds of every day. There have never in history been richer, greedier, or more power-hungry character assassins than the Deep State elite. The silver lining is that their evil is now so cancerous and metastasized that it has driven them completely insane, and the insane have a way of destroying themselves before they can destroy the rest of us.

Implications: We know for an absolute fact that precious metals prices are manipulated. (The evidence is absolutely overwhelming, and we would like to offer special thanks to GATA (and now Deutsche Bank) for proving it without a shadow of doubt over many years’ worth of tireless work.) Current prices of gold and silver are therefore fake, and in our view, far below what they would be in an honest market. When the Deep State Crime Syndicate loses control over prices, which could result from any one of a large number of likely developments, true prices will be re-established, a process that was occurring in 1980 and again in 2011 before being sabotaged both times. As fake prices are crushed and honest ones return, a global “herd” buying phenomenon could develop, as has happened in the past. This would lead to significant shortages of available physical metals and a meaningful increase in premiums. History has been clear that when it comes to precious metals, it is always best to buy in halcyon times, particularly if one can do so at a good price. We are not registered investment advisors, and are not providing financial advice. We are simply sharing with you our thoughts, which are born of extensive, independent research. Thank you for taking the time to read this article, good luck and all the best to you.


Friday, March 24, 2017

The West Is Collapsing As The East Ascends


It seems absurd that Asia is willing and able to build high-speed “bullet” trains to connect large population centers while the United States struggles with an antiquated Amtrak rail system often beset with service interruptions and lethal accidents. The truth of the matter is that the major U.S. metropolitan areas are beset with massive loads of debt, including a ticking-time debt-bomb in the form of several trillion dollars in unfunded public pension funds.

The Delhi-Mumbai Industrial Corridor is a major infrastructure project that India is developing with Japan. The project will upgrade nine mega industrial zones as well as the country’s high-speed freight line, three ports, and six airports. A 4,000 MW power plant and a six-lane intersection-free expressway will also be constructed, which will connect the country’s political and financial capitals. – The Daily Coin

The 24 Mega City project underscores the economic, political and cultural contrast between the eastern and western hemisphere countries, with the sun setting in the west and rising in the east. The west is mired in a catastrophic web of Government-heavy economies that exist on the life support of trillions in money printing and debt issuance. True, some countries like China have relatively high debt levels but they are offsetting that form of fiat currency debasement with massive gold accumulation. The heart of the problem is highlighted by the graphic below (click to enlarge):



The budget for the U.S. Government will primarily be spent on social security, defense, medicare/medicaid and interest on the Government’s debt. Those five items will burn more two-thirds of the Government’s budgeted expenditures in Fiscal Year 2017.

But don’t bother asking how the Government plans on paying for that. The funds will come from oldest forms of currency debasement: money printing and debt issuance. And Trump’s proposed spending agenda will accelerate the growth rate of both .

It’s amazing that the U.S. Government seems to have unlimited funds available to spend on guns, bullets and surveillance of the citizenry. Ranked in order of expenditures, The U.S. spends more on its military than the next 14 highest ranked countries. “On the books,” the U.S. spent $597 billion in 2015. That was 4x more than China and 9x more than Russia (source: International Institute for Strategic Studies).

While the west, led by the United States, advances its collapse with rampant currency debasement and unbridled imperialism, the east is investing its resources in the future – in the advancement of its civilization. Perhaps the hallmark of this contrast is best represented by the flow of physical gold from west to east.


- Source, Sprott Money Blog, Read the Full Article Here

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