The Fed sacrificed the foundation of middle class wealth–stable housing values–to boost bank profits.
Middle class wealth was Fed to the sharks. As the current housing bubble deflates, the investor-buyers who fueled the rally are exiting en masse: what’s the value of an asset when the bid vanishes, i.e. there’s nobody left who’s willing to pay today’s prices?
The Fed has failed to restore middle class wealth with its latest housing bubble, and the costs of the bubble’s collapse will fall not on the Fed but on those who believed the recovery was more than Fed manipulation.
The Fed sacrificed the foundation of middle class wealth–stable housing values–to boost bank profits.
GOLD IN UKRAINE CURRENCY SURGES ANOTHER 7% THIS WEEK – COLLAPSE CONTINUES
This is particularly evident in Ukraine where the economy is nearing collapse and the currency is in free fall. The Hryvnia has been the world’s worst performing currency in 2014.
The charts below gives an indication as to the terrifying magnitude and speed of the recent decline in the value of the currency. This week alone the currency has fallen by 7% against gold or gold per ounce has risen from 15,669 hryvnia per ounce at open on Monday to 16,880 hryvnia per ounce today.
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...]
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...]
There are certain facts that are difficult to face in the world. One is that the currency you have spent you life working for isn’t worth what you thought it was. In reality, it may not even be worth the paper that it’s printed on. The United States paper currency has been very slowly devalued for over a century now. This was accelerated into high gear on August 15, 1971 when Nixon took the United States off the gold standard. By removing the gold backing (value) from the United States currency, it opened the door to the unfettered money printing that we have today.
This Is What Stealth Inflation Looks Like.
Stealth inflation is how the authorities hide the devaluation of the dollar in plain sight. Do you think political decisions at the county, state and federal levels would be shown in a different light if your food bill had been VISIBLY raising by 20% to 30% per year for consecutive years?
The images in this article tell the difficult truth for all to see, and the numbers don’t lie.
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
Delusions die hard! The delusions regarding the value of paper currency, usefulness of the Fed, government entitlements, the welfare and warfare state, and continual growth are weakening. The ultimate reckoning may be sudden or slow, but it will not be pretty for the unprepared. [Read more...]
After our amazing call with writer and researcher Alasdair MacLeod officially ended, we kept on talking! This bonus conversation includes the entirety of that conversation which covers the very real possible outcomes that may result from a worldwide banking collapse. Alasdair is concerned that the equivalent to a financial WW3 may result in starvation for many, many unprepared people. We wonder, how can we extricate humanity from this debt-based fiat paper monetary scheme without destroying humanity in the process? [Read more...]
With the Ruble down 11% vs the dollar in just the past few weeks (while the dollar is rolling over itself, plunging through 80 on the USDX) a reader has drawn our attention to the Hanke-Krus hyperinflation table of the top hyper-inflations in modern history.
With 15 occurrences of prices doubling in under 50 days, including the 1993 hyperinflation in which the monthly inflation rate hit 438%, it appears that the ruble has more lives than a cat.
Will the imminent US/EU sanctions (which could have equally drastic implications for the USD when Putin retaliates by accepting any currency other than the USD for gas & oil) send the Ruble into its 16th hyperinflation in modern history? [Read more...]
Asset classes from bonds to fine art are rising, underwritten by zero interest rates. The underlying bubble is the biggest and deliberately synchronised bubble in history, of currency itself.
The rate at which it inflates does not appear to be slowing, despite the Fed’s tapering. Otherwise markets would be stalling. Instead the Fed’s tapering programme must be being offset by something like a pick-up in bank lending.
If so, then all classes of investment assets can continue to rise in price and the party goes on. Indeed, if the Fed continues to taper, we can take it as a reasonable indication that growth in bank lending is fully compensating. [Read more...]
Economist John Williams says if Russia sells its U.S. dollar holdings it could trigger hyperinflation. Could it collapse the financial system? Williams contends, “Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion dollars in cash or near cash. That’s about the same size as our GDP. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can. We have not seen an economic recovery. We have not seen a return of health to the banking system. So the system is very vulnerable and if the Russians carry through with their threat, you have indeed the risk of it collapsing the system.”
On the overall economy Williams says, “It is rolling over and the numbers are starting to show we are starting into a new recession. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
Will The Cartel price suppressors win out when it comes to Precious Metals and other Tangible Assets prices, or will increasingly Bullish fundamentals propel them further up?
Whatever the answer, the mounting evidence is that the Fed-led Cartel is knowingly creating conditions designed to force the U.S (and, indeed, the entire industrialized world), to eventually choose between a Hyperinflationary Depression and the Cartel‘s ominous “End Game.”
As Jim Rogers and David Stockman have recently pointed out, Fed Policy is impelling us to such a Climax.