Get ready for another major worldwide credit crunch.
During the financial crisis of 2008, U.S. and German bond yields plummeted as money from the stock market was dumped into bonds at a staggering pace.
Well, it is starting to happen again.
Are we on the precipice of a significant financial panic?
This should scare the sh*t out of everyone:
It doesn’t take a rocket scientist to figure out that it’s criminally stupid to pay someone to borrow money.
Yet that’s exactly what’s happening now.
Instead of people, though, it’s governments who are effectively being paid to borrow.
We all remember last time how much this impacted the global financial system. Everyone believed that it would all work out OK. Then one day it didn’t. Lehman Brothers went bust, and the entire banking system started to collapse.
There’s very little difference between then and now… and very little reason to expect a different outcome.
If every day seems like it is a soul-crushing struggle for you, you are not alone…
Its been awhile since our last Caption Contest, but we suspect this will make up for lost time…
“The markets” have been led to believe in the widely held expectation that the Fed will be raising rates soon based on robust economic activity.
There is a much heavier reality that we should all be focused on as the ultimate gauge of where we are on this road to monetary or currency ruin. We sit on the edge.
The reality is that an economy that can barely generate enough money to service official debt (no less manage to prop up the giant financial too big to fail Ponzi that caused it all) is one that is careening faster and faster toward desperation…
Sprott’s Rick Rule took at a stance in January that went against many investors’ contrarian instincts.
He said to stay away from oil and gas for the time being.
However, Rick has been discussing oil and gas drilling lately in internal broker meetings, as well as conferences.
Does he now think there’s an opportunity in oil and gas?
Remember May 1, 2011 when Silver topped at $49 and then CRASHED?
Is the Hong Kong HSI about to do the exact same and CRASH here and now!?
The fallout of the Fukushima nuclear disaster is begging to reach EPIC proportions…
On Wednesday federal regulators announced the early closure of sardine fisheries in California, Oregon and Washington. According to the most recent data, the sardine populations has been wiped out with populations seeing a decline of 91%…
The next time some financial pundit tells you to buy stocks, show them this chart…
Hector and his wife left Greece for New Jersey decades ago because, back then, America was the land of opportunity.
But today, after years of mind-numbing 9 to 5, increasingly painful taxes, and unconscionable fiscal irresponsibility, Hector’s son Nikos is taking the opposite approach and going back to Greece.
It’s 2015. Nikos knows that he doesn’t need to live in the same place as his company or his customers. He knows he can make money from wherever he is on the planet. And he wants to be in a nice, warm, beautiful place.
With Greek ancestry, Nikos has been able to obtain Greek citizenship—not only for himself but for his children too.
As the 30 year charts below clearly demonstrate, since 2011 the powers-that-be have done a great job levitating paper markets and suppressing commodities markets. They have considerable resources, massive quantities of fiat currency, considerable influence over the media and government statistics, and the power of the banking cartel and “printing press” behind them.
They possess the motive, means and opportunity, so there should be no surprise at their success levitating paper markets.
But really, how long can fiat paper markets be levitated? There are signs of strain everywhere:
The American justice system is broken. Completely and totally broken…“The Justice Department and FBI have formally acknowledged that nearly every examiner in an elite FBI forensic unit gave flawed testimony in almost all trials in which they offered evidence against criminal defendants over more than a two-decade period before 2000.”