If you were to tell the average American back in say the 60’s that in 50 years the US would be a “command economy” they would probably react as if you’d lost your mind. Back in those days the Soviet Union was a command economy with the government controlling everything with its notorious “5-year plans”. Fast forward to now and the United States and other economic blocs like Europe are in the control of Central Banks. It was Mayer Amschel Rothschild who famously said “Permit me to issue and control the money of a nation, and I care not who makes its laws!” Thus we now have a situation where the Central Banks control economies and societies and are in reality the government, so that politicians are reduced to being their operatives. The voters are hapless ignorant pawns whose opinions are molded by a media that is also controlled by the Central Banks and the elites generally. Democracy is a farce designed to make the masses think they have a say in things by allowing them to go and place their puny worthless vote on one day every four or five years. Democracy is an absurd concept anyway, because you cannot have a situation where ignorant stupid people have the same say in things as intelligent, discriminating people who they vastly outnumber. Full Story
By: Gary Christenson, Deviant Investor - 29 March, 2019
- Within five-decade trend channels the S&P 500 Index could fall to 1,600 by 2021, gold could rise to $3,000 and silver could rise to $90. More extreme prices are possible. - The dollar’s purchasing power will continue to decline, as it has for over a century. Relative to other unbacked currencies, the dollar index might plunge. - A falling dollar index will boost gold and silver prices. - Gold and silver are insurance against the predations of central bankers, irresponsible governments, socialist spending programs, counter-party risk, currency collapses, and a debt reset. We all need insurance. Full Story
As for the gold bugs? Well, inflationist bugs are busy selling against a bouncing US dollar, tanking inflation expectations and completely illogically, bad economic data) as I write. But we have had lower support targets for gold and especially silver, not to mention incomplete CoT trends. Gold bugs should not fear this time because it’s just the inflation-centric bugs getting rounded up and exterminated.
Patience will be needed, but gold is fine, and the gold miners will be better than fine if palladium really has blown out and PALL/Gold declines as expected. That is because if historical associations hold true, a counter-cyclical indicator will be triggering in the months ahead and the gold sector is the… yup, counter-cyclical one (for all the reasons I’ve hammered away at over the years but will refrain from doing in this already too lengthy post). Full Story
While Mexico suffered the bloodiest year of violent deaths in 2018, even bigger trouble may be ahead for the embattled country. For the first time in more than 50 years, Mexico has become a net importer of oil. This is undoubtedly bad news for the Mexican Government as it has relied upon its oil revenues to fund a large percentage of its public spending.
And, the majority of these revenues came from just one prolific oil field. After the discovery of the huge Cantarell Oil Field in the Gulf of Mexico in 1976, Mexico’s oil production surged from 894,000 barrels per day to a peak of 3.8 million barrels per day (mbd) in 2004. That year, Mexico’s net oil exports exceeded 1.8 mbd. Full Story
In all probability the price of gold (June gold basis) will likely not stay below $1300 for long. China’s demand has been picking up and India’s importation of gold is running quite heavy for this time of the year. Soon India will be entering a seasonal festival period and gold imports will increase even more. Today’s price hit will likely stimulate more buying from India on Friday. Full Story
A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization. The East has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK banksters have created the USTreasury bond as the global subprime bond. This is the result of astounding persistent magnificent QE abuse, debt explosion, and hidden corruption. The so-called financial stimulus is actually hyper monetary inflation, which has destroyed the bond market. There are no legitimate USTreasury buyers outside the US foreign vassal states. Full Story
The inverted yield curve is broadcasting a recession. For many households, this country has been in a recession since 2008. That’s why debt levels have soared as easy access to credit has enabled 80% of American households to maintain their standard of living. The yield curve is telling us that credit availability will tighten considerably and the recession will hit the rest of us. This is what Friday’s stock market was about, notwithstanding the overtly obvious intervention to keep the S&P 500 above the 2800 level on Monday and today.
Without a doubt, through the “magic” of “seasonal adjustments” imposed on monthly data some statistically generated economic reports which might be construed as showing “green shoots.” Run, run as far away as possible from this analysis. The average household has debt bulging from every orifice. In fact, the entire U.S. economic system is bursting at the seams from an 8-year debt binge. It’s not a question of “if” the economy will collapse, it’s more a matter of “when.” Full Story
In conclusion, and to answer the question in the headline of the article, the Fed never had control. The market is in control and the Fed simply follows the market. To believe otherwise will continually get you whipsawed at the turning points, just as the Fed continues to get whipsawed by the market. Full Story
By: Keith Weiner, Monetary Metals - 25 March, 2019
Last week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes’ evil genius plan to destroy civilization. This week, I continue the theme—if in a more measured tone—addressing the ideas predominant among the groups who are most likely to fight against Keynes’ destructionism. They are: the capitalists, the gold bugs, and the otherwise-free-marketers. I do not write this to attack any particular people, nor indeed as an attack at all. My purpose comes from my belief that to fix a problem, one must understand the nature of the problem.
I highlight these groups because, if there is ever to be a real movement to reform our monetary system, it would come from one of these groups, or ideally an alliance among all three. However, that is not in the cards today. Let’s look at why not. Full Story
That is essentially where we are now: the Fed realizes its recovery is not sustainable without maintaining an enormous balance sheet (though it has no idea why); nor is it sustainable under normalized interest rates. So, the Fed has stopped interest increases just below the level that it said last year it would consider “normal” and has promised to sustain a huge balance sheet indefinitely.
One tiny second step away from tightening just caused as much market mayhem in both stocks and bonds as a little too much tightening caused. Imagine what a move back, toward actual quantitative easing would do! The Fed is jammed in tight.
And why is it so important to make all of this crystal clear? Because the bailout banksters — Fed and pocket politicians included — will soon be telling you no one could possible have seen something like this coming. Yes, you could. It was baked into the phony recovery recipe from the beginning. Full Story
Citigroup is bullish on platinum because its sister metal, palladium, continues to surge. Although platinum’s volatility surged to a six-month high, the bank believes the investment case for the metal is strong. It thinks substitution will eventually occur, which would raise demand and tighten supply further. Analysts including Max Layton wrote in a March 19 report that “platinum currently appears to embed an in-the-money call option on palladium.” Full Story
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