If the economy is hunky dory, then why is the money supply going parabolic? [Read more...]
When is the system going to break down? The answer is 2008.
The tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse.
It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms.
Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked.
The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009, followed by the bond monetization initiative (QE) in early 2012.
The most recent tipping points are the Syria War and the Ukraine War to obstruct the Russian Energy Monopoly in the European energy market. The defense of the USDollar has taken historically unprecedented turns.
These cited extreme events are all serious tipping points. Since 2009, the vastly depleted, exhausted, and wrecked body economic of Uncle Sam has been kept going with life support, electric shock treatment, and the formaldehyde elixir.
No recovery comes. Systemic failure and total breakdown are assured.
The only protection is Gold & Silver coins and bars. The hyper monetary inflation has met the asset destruction.
What I see coming in 2015 is the final and greatest economic crash in human history which will devastate all the world economies and brings in a sort of one world government that rules with an iron fist.
The Western public will likely cheer it on because after a few weeks and months of nearly devastating consequences, the world’s economies will be restored to a solid operating basis with hard assets as the underlying “good faith” once again just like various countries throughout history have had and used successfully.
This time however, it will be all the countries of the world who will participate in the new monetary system based on their possession of hard assets. A world wide governing board of “economic kings” will be set up to rule and make decisions for all of us and their decisions will be final for international trade.
Will some countries rebel? Those who have little hard assets will be hard pressed into a slave mentality to those countries with the hard assets AND MILITARY POWER to both back up their dictatorial ways and force the poorer countries of the world to do as they say and also make them believe it is for their own good.
The Greatest Economic Crash & financial system upheaval in human history looms.
Gold has been a store of value for 5,000 years. It has protected people from inflation, wars, and irresponsible governments during the last several thousand years. Gold has not always and forever been a good investment – the price of gold declined between 1980 and 2000.
But gold is currently excellent insurance against counter-party risk, consumer price inflation, central bank “money printing” and the consequences of the economic sins committed by irresponsible governments and central banks.
Gold (and silver) prices have bottomed and will move up substantially for several years. [Read more...]
My “key to the game” – and the reason I’ve made these bets – is simple enough: America, I’m betting, is effectively broke and must print money to stay in business. This assessment tells me that, at some point, the purchasing power of the dollar will decline precipitously and that demand for gold and silver will become much greater. [Read more...]
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high. In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now. [Read more...]
Let’s pull back for a moment and look at the Really Big Picture:
We’re facing a future in which the economic growth the world has enjoyed over the past century can no longer continue.
Massive changes to our way of life are in store. No matter where each of us lives.
As the MUCH WATCH video update to the original Crash Course (viewed by over 15 million people) from our friends at Peak Prosperity shows,
The Next 20 Years Will Be Completely Unlike the Last 20: [Read more...]
During this past COT period we see in silver that price flat lined during the first part of the period then on Thursday evening after hours there was an explosion upwards.
This is what I call a speculator short shakeout on the part of the commercials because price had been deteriorating more than they desired. Thus, we see in the COT the large speculators covered 4,526 shorts.
Simple, dear Watson…
Both the producer merchant and the swap dealers picked up similar amounts of shorts at higher prices after the short shakeout.
In gold, we see a very similar short shakeout...
“Oil is stable. What you’re seeing is the collapse of the dollar! As oil goes from $100 to $200 a barrel, I don’t think that oil doubled, what I think is that the dollar collapses by half….The Fed wants a little inflation- they’re going to find they get alot more than a little. This looks like the 70′s” -Jim Rickards, on CNBC.
Full MUST WATCH interview is below: [Read more...]
It appears that Austrian economics are beginning to make head-way into the mainstream.
In this excellent interview with Yahoo Finance’s Lauren Lyster, Steve Forbes makes the case for a return to the gold standard, and how a return to strong money is the only viable solution to prevent the complete destruction of the dollar.
Forbes’ full interview with the lovely Lauren Lyster is below: [Read more...]
Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States.
But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.
The fact that the Russian government has held a meeting to discuss “getting rid of the US dollar in Russian export operations” should be front page news on every mainstream news website in the United States. That is how big this is.
If Russia starts asking for payment in currencies other than the U.S. dollar, that will essentially end the monopoly of the petrodollar.
Is Putin on the verge of dealing the US dollar a death blow?
It’s time to once again document the collapse with gold expert Alasdair MacLeod. We recount the Friday May 2nd completely bogus jobs report which claims that the unemployment rate in the United States has fallen from 6.7% to 6.3%, despite 800,000 Americans “LEAVING THE WORKFORCE” because they CAN’T find meaningful employment!
It’s just lies on lies compounded by more lies and Alasdair says, “We are beginning to see total systematic collapse” taking shape. We also discuss precious metals: Including the off-the-charts demand for Canadian silver Maples sales, Jeffrey Christian’s latest falsehoods, the dwindling “secret silver stockpile” and much more.