Our favorite critic of the Federal Reserve, Jim Grant was back on CNBC to provide his perspective on Janet Yellen & the Fed preparing to hike interest rates. 
Grant unleashes another epic rant against the Fed, and ‘the virus of radical monetary policy‘. 
Full must see interview is below: 

FOCUS: Keep your eyes on the size of your growing stack of silver not on the movements of the price.
Yes, it would be nice to see a big percentage move to the upside on the ticker with silver next to the big green arrow on a regular basis!!!
Don’t count on it.
Expect any gains in terms of dollars to be given only as TPTB are squeezed inexorably between the rock (growing demand) and the hardplace (dwindling supply).

Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. 
These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of us are.
It is just that the mechanisms of our enslavement have become much more sophisticated over time…

kissinger 4President of France Georges Pompidou, President of the United States Richard Nixon and National Security Advisor of the United States Henry Kissinger met on December 13 and 14, 1971, at the Azores to negotiate the value (rigging) of gold and all other major currencies in the world at the time.
Three months prior to the meeting Nixon had halted the convertibility of US dollars into gold for foreign nations at the US Treasury.
The French were the most vocal critics of the United States’ flexible monetary policy, or what some people call endless money printing.

oenbThe Austrian Court of Audit expresses great concern about the disproportionate amount of official gold reserves (229.6 tonnes) stored at the Bank Of England (BOE), which will be the Austrians excuse for repatriating, “the gold depository contract with the depository in England contained deficiencies” and, “gold reserves stored abroad, internal auditing measures were lacking”.
They’re putting it blunt for an official source on a topic so sensitive as gold.

Proposed New Greek DrachmasSome analysts have suggested that the EU and Greece have reached a stalemate and are preparing to attempt an orderly exit by Greece from the Euro and back to the Drachma.
 This may certainly be the case. Greece has newly designed Drachma notes (see right) and printing presses waiting for the order to start rolling.
Greece is bankrupt with no hope in sight, at least within the Euro monetary union, so eventual default appears inevitable.
If Greece and the EU have agreed to disagree there is no guarantee that the process will be orderly despite the best intentions of both sides. If it is achieved it will open the door for other peripheral nations to follow suit, each exit process a mine-field.
Greeks have been accumulating physical gold in recent months in anticipation of bank holidays, possible bail-ins and indeed a possible return to the drachma.

JP Morgan

Fannie Mae and Freddie Mac have reduced their down payment requirements to 3%.
That razor-thin slice of equity, by the way, is more than used up once all of the closing expenses are accounted for.   That means that anyone buying a house right now is underwater by the time escrow closes and title transfers.

Just in time for the next blood-bath in the housing market:

28874_500x500In recent years, we have witnessed the trend of “oriental gold” playing an increasingly important role in the global market attributable to the rapid development of the China’s gold market: in 2013 alone, the gold produced and imported by China exceeded 50 percent of the world’s gold production and 60 percent of the world’s gold consumption, respectively.  As the world’s biggest gold producer, consumer, and importer, China is gradually integrating itself into the global gold market.
Meanwhile, China is still a relatively young market as compared to its more established siblings in the world; similarly, SGE has been operating for less than 12 years and is still in its early development stage.
But the future is bright: as the urbanization spreads to far corners of China and national income level surges, the development and growth potential of the China’s gold market has never been stronger.


Craig Hemke from TFMetalsReport joins Finance & Liberty to discuss the Justice Dept’s Investigation of Gold Manipulation:

  • U.S. Justice Department investigates gold manipulation
  • Precious metal update
  • Why invest in gold and silver if they are manipulated?
  • How would inflation or deflation impact the gold price?
  • How would a stock market collapse impact precious metal prices

Full interview with Craig Hemke on the PM manipulation investigation is below: 

Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created.  If the Fed is doing everything correctly, why should Yellen be alarmed?  What does she have to hide?