Bank Run in China As Country is Hit with Massive Debt Crisis

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent bank run in China on P2P lenders as countless people hit the streets. 

Chinese household debt has climbed 40% in the past year alone. To top off that problem, one of the most at risk financial sectors has reached its inevitable end. Peer to peer lenders. Peer to peer lenders collect money from investors and dispense small loans to consumers. 

These loans are usually done without collateral, putting the loans at risk of default with no recovery whatsoever. China's peer to peer industry is far bigger than the rest of the world's combined. It had risen 50% just last year alone, totally $215 billion! Interest rates are often as high as 37%. 

Investors have been pulling their funds from these P2P lenders for some time, but in recent weeks the volatility got far worse. Countless P2P lenders have closed their doors in the last few weeks. Over 200 since June. 

Investors have been pulling funds in massive numbers causing a bank run! 243 online lending platforms have recently gone bust!

- Source, World Alternative Media

John Rubino: No Pain Free Option When You Borrow Too Much Money

According to Financial writer John Rubino, the long predicted so-called “debt reset” is getting much closer. How’s that going to work? 

Rubino explains, “It’s not clear that a currency reset (devaluation) will work unless it is coordinated. It’s not just the U.S. It could also be the European Central Bank, Bank of Japan and The Peoples Bank of China all making the announcement about their currency at the same time. 

If that happened, it would be really disruptive for a short time, but we would come out of it in reasonably good shape. That’s what we should be hoping for because there is no pain free option when you borrow too much money.”

- Source, USA Watchdog

Steve Quayle: Artificial Intelligence is Evil & No Longer Hiding

Filmmaker, author, and veteran radio host Steve Quayle says there is not just a plan to take down the President, but a much larger plan to take down America. 

The plan depends on artificial intelligence (AI) to get this done. Quayle says, “The only thing I know that can overcome the evil is the power that Jesus gives us. You can cast out devils in his name.

The obedient followers of Jesus Christ are going to experience a miraculous realm that has not been seen since the days of the apostles. Jesus said you are going to do even greater things than I do. 

I say all the time to the Lord in prayer, isn’t it time to see that manifesting because evil is manifesting? It’s open. They don’t hide any longer. They are no longer occluded.

They are in plain sight, and it infuriates me people are playing into their hands.

- Source, USA Watchdog

Bloomberg Intelligence: Gold's Beating May Be Nearing an End

It has been an awful summer for gold. And just when things could not get any worse for the yellow metal, prices dipped below $1,200 an ounce in early trading Monday morning -- a nearly 1.5-year low.

So does this mark the final leg down and the end of the pain for many gold investors? “Someday, at some point, it will happen,” said Mike McGlone, commodity strategist for Bloomberg Intelligence in an interview on Friday. 

“Have we reached the point of maximum loss of faith? We may be pretty close,” McGlone added. Gold prices are down and hit a nearly 1.5-year low as they fell below key chart support at $1,200.00. Silver futures prices dropped to a more-than-two-year low overnight. 

A surging U.S. dollar index is trumping currency market turmoil to drive the precious metals markets lower. December gold futures were last down $11.90 an ounce at $1,207.10. September Comex silver was last down $0.13 at $15.165 an ounce. 

"If the history of compressed gold prices is a guide, the dollar should be peaking, with the potential for higher gold prices far outweighing downside risks. 

It's been about two decades since gold sustained a narrower 24-month range,” McGlone said.

- Source, Kitco News

Craig Hemke: China Gold Yuan Peg?

For this week's Metals & Market Wrap we speak with Criag Hemke of TFMetals Report about this summer's devaluing Chinese Yuan and US dollar prices for Gold, Silver, Platinum, and other non-precious commodities.

Is it possible we are seeing the beginning phases of a Chinese Gold Yuan Peg?

- Source, Silver Doctors

Gold Forms A Major Bottom

Perhaps the most baffling aspect of the Elon Musk "Funding Secured" tweet is the number of financial media outlets and so-called "analysts" that are taking it seriously. The idea is a complete joke and any valuation in excess of potential asset value minus the debt and other liabilities (included in "liabilities" will soon be a flood of lawsuits). 

Some bucket-shop stock analysts issued reports explaining why a buyout of Tesla could occur at an even higher price. I'm beginning wonder if the Tesla buyout will mark the end of the valuation insanity that has permeated the entire U.S. stock market...

Meanwhile, hedge funds assumed a record short position in Comex paper gold futures. This along with the worst sentiment toward the precious metals since early 2001 and late 2015 suggest the potential for a bottom in gold, silver and mining shares.

- Source, Wall St for Main St

Commodities Are The Cheapest they have Ever Been Compared to the S&P

Samuel discusses a chart that compares the S&P 500 with the commodity market. It suggests that commodities are as cheap as they have ever been in history. If you sold one unit of your market exposure today, you could buy the largest amount of commodities ever. 

The chart goes back sixty years, and shows that there have only been two other opportunities (1970 & 2000) where things have been nearly as extreme as today. The chart suggests that we are on the verge of another bull market that could run for as long as a decade. Investors should be gradually rotating their gains into the commodity sector. 

This year has been a challenging year for resources; recent trade wars and tariffs are likely all part of a negotiation tactic that will be short lived. China is working on a significant infrastructure project called the One Belt One Road where they are industrializing two dozen countries into a modern Silk Road. Much of the world is developing, and the demand for commodities remains strong. 

He feels that right now is a good time for all commodities and energy. This year has been disappointing for gold, and the biggest reason has been the strong dollar. However, inflation is creeping in and showing up in energy and fuel prices. He feels that this will stall the dollar and gold will pick up.

- Source, Palisade Radio

Golden Rule Radio: Fed Leaves Rates Unchanged As Uncertainty Looms

The Federal Reserve leaves interest rates unchanged for August, but going against Trump, plan for another hike in September with possibly one more hike later in 2018. 

We cover how the markets reacted including the global currency markets. Gold in relation to longer term averages is reaching key levels along with important levels in the short term. 

We'll review the price movements of silver, platinum, & palladium as well as the US Dollar Index & more.

- Source, Golden Rule Radio

How I Use The Dollar Cycle to my Advantage...

Julian Brigden explains how he uses the dollar cycle to his advantage as an investor, and how you can too...

- Source, Real Vision

John Barry: The Pandemic Risk

As far as existential threats to the human species go, pandemics rank near the top of the list. 

What's the probability of an agressive, highly-fatal outbreak occuring soon? 

Is it high enough to worry about? And if one occurs, what can/should we do to protect ourselves and our loved ones?

- Source, Peak Prosperity

Operation Fish: Gold in Wartime

Operation Fish in World War 2 was possibly the single greatest and perhaps most dangerous movement of wealth in history and Great Britain shipped its gold stores across the Atlantic during wartime.

- Source, Real Vision

1 oz 2018 South Korean Tiger Silver Round

Mark Taylor: Most Important Midterm Elections in American History

Mark Taylor, author of the popular book “The Trump Prophecies,” contends, “If you are part of the army of God, you need to be ready also because there are going to be politicians that are going to resign. 

We have had the biggest number of resignations probably in history. This midterm election is going to be huge. This is going to be a red tsunami. 

They keep talking about the blue wave. I think it’s going to be a blue drip, a leaky faucet, and that is all they are going to get. You have had more resignations than we have ever seen. Now is the time to go in and capture this ground and hold it for the Kingdom of God.

It’s not a left or right thing. God is moving us towards a place of righteousness. That’s what’s happening right now. So, he’s going to be replacing these people. If you are called to be a judge, senator, congressman or a council person, I don’t care what level local, state or federal, take your place and get ready. 

If you are in the Army of God and you don’t vote, you need to get off your behind and register to vote. These are going to be the most important midterm elections in America’s history—period.”

- Source, USA Watchdog

2 oz Privateer Collection | Siren Ultra High Relief Silver Round

Tookie Angus: Gold Markets Have Bottomed, Now What?

Stuart “Tookie” Angus feels we are in the beginning phase of a new discovery bull market and people will be rewarded that get involved. The market has bottomed out, and it’s due to investors just not caring about gold. 

However, a few wise investors like Ross Beaty are putting significant capital into the market. Picking up assets at bottom level prices can be very rewarding later. 

He discusses how companies need good properties but management remains critical. He feels that he is a good talent spotter and he supports young people in the industry. 

He believes that Northern Canada particularly the North West Territories and Nunavut have a lot of potential.

- Source, Palisade Radio

1 oz 2015 Iconic Superman Comic Book Covers

Ron Paul: Why Big Business Hates Free Markets and Loves Big Government

There is a huge misconception, where Americans are led to believe that Government and Big Business are antagonists. We see it in Hollywood movies, and in the media all the time. 

Americans need government "regulations" to protect them from business. In reality, Big Business could not be happier with this slight-of-hand. They love government "regulations," and hate the free market.

- Source, Ron Paul

1/10 oz 2018 Canadian Maple Leaf Gold Coin

Trade Wars Are Serious: Not A Reality TV Show

The possibility of a trade war escalating, and its consequences could have real negative effects on the global economy, but so far, nothing serious has materialized, said Brian Sheahan, executive chairman of Morgans. 

“I think the observation so far is that there’s a lot of talk, a lot of posturing, probably a lot less action, so it’s been good. Obviously, as any sensible person would say, a trade war would not be good for the global economy,” Sheahan told Kitco News on the sidelines of the Noosa Mining & Exploration Investment Conference. 

On a potential economic recession, Sheahan said that there are several indicators investors should look at to gauge such a potential. “When the yield curve gets down to about 0.5 difference. 

It’s not there yet, it is coming down that way, so I think next year we’ll have a look at it again,” he said.

- Source, Kitco News

1 oz 2014 Don't Tread on Me Copper Round