The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival. [Read more...]
After six years of monetary and tax policies that could have not been better designed to destroy savings and the savings ethic, you’d think governments might have learned some sort of lesson. They are having none of it. Instead Japan is hell-bent on monetary kamikaze, and the ECB is now warming us up for negative interest rates and/or QE.
The problem is far from being understood: if anything the destruction, even confiscation of savings, and the creation of yet more money are set to accelerate in a futile attempt to buy off the inevitable.
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis.
And bond yields are telling us to batten down the hatches for the next crisis: it could be worse than 2008.
Over the past 18 months we’ve seen nearly all of the Western nations move to prepare for bail-ins for the next financial crisis.
They’re not doing that for no reason- they’re preparing the legislation because they know its coming and they know that bail-outs are no longer an option, so their last ditch effort now is to bail-in and steal money from the depositors to forestall the next banking system collapse.
The Doc joins Finance & Liberty’s Elijah Johnson for an exclusive interview discussing The Doc’s views on where gold & silver are headed for the second half of 2014 and beyond, the issue of counterfeit precious metals, and the liklihood that Western governments will bail-in depositors and retirement accounts during the next financial crisis. [Read more...]
The next crisis is going to be bigger than the Fed. It is like they build a five foot sea wall and here comes a forty foot tsunami. There is only one clean balance sheet left in the world and that is the IMF. So the only way you are only going to reliquify the world in the next liquidity crisis is by the IMF printing their world money, these Special Drawing Rights or SDRs, and that is going to be the end of the dollar as a global reserve currency.
The problem with the US is that the Treasury and the White House want a weak dollar.
I mean, what good does it do you when your own country wants to trash the currency? What happened to the strong dollar policy? It’s over now and we’re in the currency wars. That is going to lead to a collapse and ultimately we are going to see either gold or the SDRs the new store of value on a worldwide basis.
Ukrainian Crisis Triggered by US Deep State in Preparation for Revamp of International Monetary System!
For the last 30 years we’ve been exporting price inflation. Now we’re going to import 200% price inflation. This is going to be a nightmare of price inflation and product shortages, you will have violence at the supermarkets, at the gas stations, and at the ATM machines- Martial law is a guarantee!
Jim Willie discusses the implications of Russia stopping trade via the dollar, and calls for HYPERINFLATION, SHORTAGES, & RIOTS to hit the US in his latest MUST LISTEN interview below: [Read more...]
Real estate expert Fabian Calvo thinks the recent standoff between the Bureau of Land Management (BLM) and Nevada cattle rancher Cliven Bundy is about much more than grazing rights. Even though this standoff is over, we find out It’s really about sweetheart deals for federal land. Calvo says, “The hair on the back of my neck stood up when I was doing research for this and speaking to some of my contacts on Wall Street. The BLM is part of the Department of the Interior, and look at what they have been doing? Through the BLM, the Department of the Interior has been confiscating land and going after land, for example, in the high desert in California and all over the place. What I am hearing is they are categorizing this land for future collateralization or to sell off. In the Weimar (Germany) hyperinflation, after the hyperinflation, what did they back their currency with? They backed it with mortgages and they backed it with land. This is a total possibility here in America, but here’s the part that is more sinister and crazy. The Department of the Interior and BLM have been providing sweetheart deals for Chinese investors.
In order to not have them dump our debt, we’re basically allowing them, through the Department of the Interior who is stealing rancher land and killing their cattle, they are selling out America.” [Read more...]
“That’s the thing about the collapse of civilization. It never happens according to plan – there’s no slavering horde of zombies. No actinic flash of thermonuclear war. No Earth-shuddering asteroid. The end comes in unforeseen ways; the stock market collapses, and then the banks, and then there is no food in the supermarkets, or the communications system goes down completely and inevitably, and previously amiable co-workers find themselves wrestling over the last remaining cookie that someone brought in before all the madness began.”
The popularity of shows like the Walking Dead is a sign of the darkening mood change in this country. With our fragile fraudulent finance driven eco-system teetering on the edge, the threat of collapse is ever present. Within one week of a financial system collapse we would enter a Walking Dead like scenario. Each American who hasn’t already been infected with the zombie virus needs to prepare now and decide what kind of person they will become as the collapse engulfs our society. We all exit this world as we entered it – alone. But we have the wherewithal to positively impact the rebuilding of our culture from the rubble of this one. Are you ready to meet the deadly trials ahead? The choices we make over the next decade will determine if this is the end of the line for our civilization or a new beginning.. [Read more...]
In an excellent interview with Bloomberg, Jim Rickards correctly states that the Fed is completely insolvent on a mark to market basis, that the stock market is up over gold since 2010 because The Fed is manipulating stocks up and gold down, and urges investors to prepare for a dollar collapse by rotating OUT of stocks, and into PHYSICAL assets. [Read more...]
“They will take our retirement accounts, they will take our IRA’s. They will say we’re going to save you, we’re going to give you government bonds.“- Jim Rogers
From Obama’s MyRA announcement to Russia massively divesting itself of UST bond holdings, it is becoming apparent that something we have been warning about for years here at SD is not only possible, but is in fact extremely likely to occur- the national confiscation of 401k retirement funds into forced treasury bond allocations.
The MUST WATCH mini-doc below connects the dots, and reveals the 401k scheme: [Read more...]
Former Assistant Treasury Secretary, Dr. Paul Craig Roberts says, “Gold and the dollar are in a fight to the death.” Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars. Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century. The Federal Reserve, in order to protect quantitative easing, which is necessary to save the banks, began manipulating the gold price in a new and more intense way. They used their bullion banks to short the gold in the COMEX futures market. The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’ Of course they would and people are catching on.”
Dr. Roberts goes on to say, “This is why the Federal Reserve is so irresponsible.” So are the Fed and Obama Administration trying to crash the dollar on purpose? Dr. Roberts says, “No, they are just stupid and arrogant. . . . If you add up the IQ of the White House and you add up the IQ of the Fed and multiply it by a thousand trillion it might equal 50. These are stupid policies designed to completely destroy the U.S. dollar. . . . I don’t think the United States can win the war against gold.” Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts.
1. The Ukraine turmoil and Russia and China’s coordinated Financial and Commercial Response to the threats of the West led by the US
2. Though most of the Non-Western world is backing Russia, there are 3 countries in particular that will play a key supporting role in this new ‘cold war’, and at least two of these have been strong allies of the US in recent times.
3. Jim gives his insight into what he sees happening to US treasuries and the US dollar, and the Petrodollar in the short and long term.
4. Jim forecasts a ‘Split’ dollar, a domestic dollar, let’s call it the Republic dollar, and dollars held outside the US will become ‘International’ dollars.
5. The pressures that Jim sees placed upon the Domestic dollar and it’s near instantaneous 33% devaluation
6. The coming BARTER System for settlement of international trade, reducing the US dollar to the dustbin of history.
A full 2 hours of Jim Willie at his finest are below: [Read more...]
As Western economies become more and more policy and stimulus driven, socialist China is becoming more market driven, preparing to withdraw official support and let defaults occur to clean up malinvestments and unviable businesses. The first corporate bond default in history happened past February (2014).
Efforts to carefully move towards market driven mechanisms are introduced to the people as government guarantees will slowly be withdrawn, depositors are stimulated to investigate and seek ways to protect themselves.
The defensive nature of gold in the face of defaults is highlighted. This article concerns depositors, but we should be on the watch for signs that banks themselves are encouraged to hold gold as hedge against financial risks: for this hedge to be effective, the value of gold must rise by a large magnitude to make up for any such systemic losses – if official bailouts are to be avoided. This would mean that a large rise in the price of gold is implied in the policy!
In this interview with Finance & Liberty, the International Forecaster’s James Corbett discusses why the U.S. or Europe are unlikely to announce significant sanctions on Russia, whether you should expect to ever be able to utilize any funds held in a 401k or an IRA, and why we are witnessing the beginning states of the End of the U.S. Dollar and the complete collapse of civilization as we know it.
Corbett’s full interview is below: [Read more...]
Financial newsletter writer Dr. Jim Willie thinks 2014 will be a pivotal year for the U.S. Dr. Willie says, “We’re going to end this year with no resemblance to the beginning. We spent a lot of years trying to hold this thing together. . . . Now all the QE and bond purchases are causing some major problems, breaking major economic structures. . . It’s all breaking, it’s all breaking and they are having a tremendous problem holding it together. Now the whole Eastern World is rebelling against the dollar.”
Dr. Willie predicts gold and silver are about to move in a BIG WAY: “They are going to move it to $5,000 to $7,000 an ounce, and silver $200 to $400 per ounce. Because all the world’s central banks are going to need gold they are going to sell Treasury bonds to buy gold to make for a solution to their banking systems. What’s the solution? It’s legitimate reserves, hard asset gold reserves.”
In closing Dr. Willie predicts, “I think you are going to see by the end of this year that the dollar is mortally wounded and Treasury bond regarded as toxic paper.”
Join Greg Hunter as he goes One-on-One with Dr. Jim Willie, Editor of “The Hat Trick Letter” which can be found on GoldenJackass.com. [Read more...]