| |
 | Jesse - Le Cafe Américain |
| The Crash of 1929 - |
| "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today."
"There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good."
"The economy was changingThursday, October 29, 2020 |
|
 | James Turk - Goldmoney |
 What Did J.P. Morgan Mean  |
| The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress.
Mr Untermyer:
I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not?
Mr Morgan:
A control of credit? No.
Mr Untermyer:
But the basis of banking is credit,Saturday, August 15, 2020 |
|
 | Charleston Voice |
| FDR: The Great Gold Confiscator Speaks *audio* |
| It's hard to imagine a greater theft from the American people than their personal gold savings. This stolen gold was then exchanged to foreign bankers for irredeemable paper dollars. The continuing thievery by the Federal Reserve of American's productivity by debt and inflation continues unabated to impoverish and enslave us.
Published by Charleston Voice
FDR: THE GREAT GOLD CONFISCATOR
Advancing Tyranny under a cover of "patriotism" and "sacrifice".
Using the theme of a "caring goSaturday, August 1, 2020 |
|
 | Alasdair Macleod - Finance and Eco. |
| The egregious errors of static statistics |
| The measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to inside the machinery of the state, he or she changes from representing the people to representing the state. Presumably therFriday, March 16, 2018 |
|
 | Egon von Greyerz - Matterhorn AM |
| CENTRAL BANKERS NEVER GET IT RIGHT |
| Central bank heads have been at it again last week. And they have clearly all been singing from the same hymn sheet. The messages have been very similar from the bosses of the Fed, ECB and BOJ. The head of the Swedish Riksbank had a different and much more interesting message. More about that later.
Why should we ever listen to any of these self-important central bankers. They are consistently inaccurate in their forecasts and policies. Their timing is always wrong as they are always behind theFriday, March 9, 2018 |
|
| Alasdair Macleod - Finance and Eco. |
| Currency exchange value dynamics |
| In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use Thursday, March 1, 2018 |
|
 | Mark O'Byrne - gold.ie |
| It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System |
| – Christmas film serves as reminder that savings are not guaranteed protection by banks
– Savers are today more exposed to banking risks than ever before
– Gold and silver investment reduce exposure to counterparty risks seen in financial system
– Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price
Frank Capra’s 1946 film It’s A Wonderful Life is one that many families will be settling down to watch this Christmas weekend. A story that is ultimately about a suicidWednesday, December 27, 2017 |
|
| Alasdair Macleod - Finance and Eco. |
Europe, Brexit and the credit cycle  |
| Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, and partly due to evidence of economic recovery in the Eurozone, at long last. And finally, anyone who can put digit to computer key has been absorbed by the cryptocurrency phenomenon.Just because commentary is focused elsewhere does not meaFriday, December 15, 2017 |
|
 | Nathan Lewis - New World Economics |
| Much Ado About Nothing |
| We’ve been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner
July 31, 2017: The Midas Paradox #2: Blame Gold
August 3, 2017: The Midas Paradox #3: It’s So Because I Say It Is
Today, I promised that we would take a look at some of these “supply and demand for gold” factors that Sumner talks about. Supply is pretty stable during this time, either in terms of mining or aboveground gold, so it is really about demand.
I’ve talked about tSaturday, August 5, 2017 |
|
 | Deepcaster |
| PROFIT/PROTECT from Looming MEGA-RISKS |
| Mega-Risks Loom in the Next very few months and most will be realized. But for Investors properly positioned, they Provide Very Substantial Profit and Wealth Protection Opportunities. First let’s examine the Risks, then the Profit Opportunities.MEGA-RISKSChinaPerhaps the Main One will be the slowdown in growth in China, the world’s second largest economy. This Slowdown will be Caused mainly by China’s serious drive to restrain unsustainable credit growth.Indeed, credit outstanding (including toSaturday, June 10, 2017 |
|
 | Nick Barisheff - Bullion Management Services |
| The Myth of Gold Confiscation |
| If we experience a debt crisis, as many economists believe is inevitable,
many people believe that their holdings of gold and silver bullion will be
confiscated, just as in 1933. This article reviews the probability of confiscation
and compares it to other more likely measures to generate government solvency.
An appropriate starting point when addressing concerns about gold confiscation
is to define the word 'confiscation.' Merriam Webster says 'to seize or
buy as if by authority' andSunday, March 5, 2017 |
|
| Mark O'Byrne - gold.ie |
| Every Citizen Should Own 3.5 Ounces of Gold Bullion – Central Bank |
| Central bank governor has “dream” for every citizen to own at least 100 grams of gold bullion
Governor of Central Bank of Kyrgyzstan said the central bank had sold around 140 kilos of gold bullion to the domestic population already
Central Asian country’s central bank continues to diversify into gold bullion
“Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings”
“I’ll try to turn the dream into reality faster…”
The Governor of the Central bank oFriday, February 17, 2017 |
|
| Egon von Greyerz - Matterhorn AM |
| 2017 – Spectacular For Gold And Silver But Disaster For Bonds And Stocks |
| 2017 has just started but some longer-term trend changes already seem to develop. It is interesting how a new year combined with a new US president act as a catalyst for what will be the start of monumental events in the world economy. Not that many of these will come as a surprise to the readers of my articles but for the rest of the world, there will be one shock after the next which will create real panic.
We are now seeing the beginning of reversals in many markets. Some of these new trendsMonday, January 16, 2017 |
|
| Egon von Greyerz - Matterhorn AM |
| 2017 – Spectacular For Gold And Silver But Disaster For Bonds And Stocks |
| 2017 has just started but some longer-term trend changes already seem to develop. It is interesting how a new year combined with a new US president act as a catalyst for what will be the start of monumental events in the world economy. Not that many of these will come as a surprise to the readers of my articles but for the rest of the world, there will be one shock after the next which will create real panic.
We are now seeing the beginning of reversals in many markets. Some of these new trendsThursday, January 12, 2017 |
|
 | John Butler - Goldmoney |
| Top Ten Reasons why fiat currency is superior to gold (or silver) money |
| Top Ten Reasons why fiat currency is superior to gold (or silver) moneyIntroductionIn the spirit of the holidays and hope for a more prosperous 2017 I thought Insight readers might appreciate a little holiday humor. So please don’t take this edition too seriously. But if you happen to stumble across a ‘paperbug’ or two over the holidays, perhaps you could share some of the points made here as it will help them to realize just how hopelessly misguided they are. Cheers!View the entire Research PieMonday, December 26, 2016 |
|
 | Mish - Global Economic Analysis |
| Eight Italian Banks to Fail: Renzi Seeks Scapegoat |
| The Financial Times says “Up to eight lenders risk being wound up if No vote triggers prolonged market mayhem”.
Please consider Fears Mount of Multiple Bank Failures if Renzi Loses Referendum.
Up to eight of Italy’s troubled banks risk failing if prime minister Matteo Renzi loses a constitutional referendum next weekend and ensuing market turbulence deters investors from recapitalising them, officials and senior bankers say.
Mr Renzi, who says he will quit if he loses the referendum, had champMonday, November 28, 2016 |
|
| Mark O'Byrne - gold.ie |
| Bail In Risk – €4 Trillion Banking System In Italy Poses Contagion Risk as Referendum Looms |
| Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times
Concerns of multiple bank failures – Eight banks at risk of failure and bail ins
Monte dei Paschi di Siena, third largest by assets and mid-sized banks Popolare di Vicenza, Veneto Banca and Carige and four smaller banks
Italy’s banks have €360 billion of problem loans
Contagion poses risks to Unicredit, Italy’s largest bank by assets and only globally significant financial inMonday, November 28, 2016 |
|
| Mark O'Byrne - gold.ie |
| Stocks, Bonds, Pension Funds “Will Be Wiped Out…” – Rickards |
| David McWilliams interviewed Jim Rickards at Kilkenomics for TV3’s Agenda and the short ten minute interview is a must watch.
Key points covered are
We are already in global currency wars
End of the dollar as the benchmark global reserve currency coming
Higher inflationary – “all the currencies will fall against hard assets”
Massive financial crisis coming – complexity theory, behavioral economics shows this
“Allowing system to get larger and larger and we do not understand risk”
“ITuesday, November 22, 2016 |
|
| Nathan Lewis - New World Economics |
| Nonmonetary Perspectives on the Great Depression |
| Today, I want to give a little more support to the idea that monetary
interpretations of the Great Depression have been mostly, perhaps
entirely, created by the "small government free market" economists.
Also, they became popular mostly after 1960, although some people held
similar ideas during the 1930s itself. The primary interpretation, from
1930-1960, was a nonmonetary one, the Keynesian narrative of a
self-reinforcing "decline in aggregate demand" related to a "loss of
animal spirits" or soSunday, October 16, 2016 |
|
| Sprott Money |
| Six Impossible Things Before Breakfast - Jeff Thomas |
| Alice
laughed. “There’s no use trying,” she said. “One can’t believe impossible
things.”
“I
daresay you haven’t had much practice,” said the queen. “When I was your age,
I always did it for half an hour a day. Why, sometimes I’ve believed as many as
six impossible things before breakfast.”
-
Alice in
Wonderland
We live in an age
when the level of deceit and propaganda is at an all-time high. Josef Goebbels,
Vladimir Lenin and others did their best to force-feed propaganda to the
masFriday, October 7, 2016 |
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