The current stock market has – by far – the highest p/e ratio in history and is therefore – by far – the most over-valued in history.
“There is no horror that cannot occur in human society, once economic order collapses,” so says Jeff Nielson from Bullion Bulls Canada.
As the world prepares for economic life after the Dollar, Jeff and I examine the quantifiable data that proves Americans are living on borrowed time. There is absolutely no way the US Dollar can survive the mounting tsunami of debt accumulated by government spending that has been out of control for decades.
As the world prepares for the day of reckoning, most Americans are blissfully unaware of what’s coming.
Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit and there’s your answer.
It is however much more complex, particularly in a large country like the United States, whose potential labor force is estimated to be 250,080,000 across all 50 states plus Washington DC.
Of this total 101,479,000 are not currently employed, a ratio of over 40%, and of these only 8,575,000 are deemed to be actually unemployed!
Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These perpetually-bearish traders are once again heavily short gold, which has led to sharp short-covering rallies in recent years. The latest one has just started.
EMPLOYMENT TRAIN WRECK: Is the US about to go through several decades of DECLINING population???
Is the Chinese gold lease market another fractional hypothecation system mimicking the fraudulent Western system?
An email went “viral” in the precious metals community this week about a hedge fund which had allegedly purchased 10% of both CEF (Central Fund of Canada) and SBT (Silver Bullion Trust) and was trying to force a change to the Trusts’ charters to enable investors to redeem shares for bullion.
Here’s the REAL STORY on the acquisition:
Our favorite Fed-basher, Jim Grant was back on CNBC’s Squawk Box for another brilliant interview discussing the fall-out from the Fed’s disastrous economic policies.
“If companies can’t fail that means somebody else can’t start. You’re looking at a petrified forest rather than dynamic capitalism,”
Behold “The fruit of heavy-handed government manipulation & price control… no matter what ‘famous-blogger’ Ben Bernanke says“
Grant’s leaves the CNBC shills nearly speachless once again:
Today, we had a huge addition of 1.79 tonnes of gold inventory at the GLD/ Gold Inventory rests at 736.08 tonnes.
In silver, we had no change in silver inventory at the SLV/ and thus the inventory tonight is 324.900 million oz.
We have a few important stories to bring to your attention today…
The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.
This is just the beginning. When the next major economic crisis strikes, the suffering in this country is going to go to unprecedented levels.
The higher financial markets rise, the harder they fall…
Where there’s a lot “smoke,” there’s always a very dangerous fire.
The truth about Google is straight out of a conflagration of “Animal Farm,” “1984” and “A Brave New World”:
Do you have any idea what Martial Law in America would REALLY look like!?!
The love trade in China and India has experienced astronomical growth in the past several years, as signs of wage price inflation in America are appearing.
These two events are highly supportive for gold prices. With all due respect, most of the amateur analysts still regularly drawing arrows to Pluto or Hades on their gold charts may need to take a large “chill pill”.
Here’s one reason why:
The following statistics seem impossible to believe. While I wonder how accurately the UK has been tracking these numbers historically, the enormous spread seems much too large to ignore, and is a national embarrassment that should be dealt with immediately.