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.

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?

fake-newsThe “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?

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..

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…

fireBack in August, I asked Could the Deep State Be Sabotaging Hillary?
I think we now have a definitive answer:

Perception MOPEThe mainstream media bet the farm on Hillary Clinton, confident that their dismissal of every skeptical inquiry as a “conspiracy” would guarantee her victory.
he media simply cannot allow anybody but Hillary to win.  Regardless of the costs.
But what if she loses anyway?

A funny thing happens in a severe currency crisis: 95% of the phantom wealth suddenly disappears. 
It’s tough to pay for an Olympics when 95% of your supposed “wealth” has vanished…

Zacarias Pereira da Mata/Shutterstock

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?