What Geithner is unwilling to say is what’s obvious: now that policymakers have shot their wad and the room for maneuver is limited, there can’t be a centralized, painless “fix” for the next inevitable financial crisis.
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.
The coming War on Cash is also designed to bring in black-market cash from the bottom 40% who use cash businesses as a tax avoidance tactic.
As for precious metals–imagine a “wealth tax” that is first imposed on millionaires. Who will say that “taxing the rich” is a bad idea?
Then the definition of “rich” will be adjusted downward. Anyone owning gold is “rich,” correct?
The Pitchforks Are Being Sharpened…
A Financial Fire Is Coming.
Which Assets Might Remain On The Other Side?
The “fake news” is that we’ve never been healthier, healthcare costs are under control and our economy has fully “recovered.” These sustained “fake news” campaigns are intended not to induce hysteria, but an enduring acceptance of what is visibly destructive and insane.
Food for thought as we enter 2017.
Always start every inquiry with a simple question: cui bono–to whose benefit?
One Nation, Under Control…
Sorry, U.S. Census Bureau, I.R.S. and St. Louis Federal Reserve–you’re issuing “Russian propaganda” according to The Washington Post’s shoddy “fake news” methodology.
You are GUILTY by association..
Your crime, as it were, need not be substantiated with evidence; the mere fact you publicly revealed your anti-Establishment thought convicted you.
Could the US dollar be starting another extended leg higher that would eventually take it to 120, a 20% gain from its current level?
My “crime” is a simple one: challenging the ruling elite’s narrative.
Are Goldman Sachs et al. delusional?
If there is any lesson to be learned from the ghosts of Watergate, it is that the big-money support of a leader who has lost the ability to deliver the goods crumbles very quickly as the endgame unfolds…
Back in August, I asked Could the Deep State Be Sabotaging Hillary?
I think we now have a definitive answer:
This is how Quiet Fascism works:
You know how to get into crash positions, correct?
Here’s your guide:
Having unleashed tens of trillions of dollars in new credit since 2008, the central banks have simply increased the likelihood and scale of the coming default conflagration…
The mainstream media bet the farm on Hillary Clinton, confident that their dismissal of every skeptical inquiry as a “conspiracy” would guarantee her victory.
The media simply cannot allow anybody but Hillary to win. Regardless of the costs.
But what if she loses anyway?
It’s tough to pay for an Olympics when 95% of your supposed “wealth” has vanished…
Not every nation has the social and economic flexibility needed to survive the future. Those with surplus food will be the ultimate arbiters of value…
Calculating the REAL inflation rate…
A global sea-change in risk appetite & sentiment.
Charles Hugh Smith analyzes how recently safe haven assets such as precious metals and Treasuries are soaring at the same time that stock markets bounced strongly off the post-Brexit lows.
What the heck is going on?