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More than 24 hours ago
Stewart Thomson - Graceland Update
Rate Hikes & Gold
Graceland Updates By Stewart Thomson1.While all “systems are go” for the precious metals sector, or at least appear that way, things are substantially more questionable for the world’s stock, bond, and real estate markets.2.India’s top central banker, Raghuram Rajan, is highly educated, in both engineering and economics.He’s one of the smartest practical economists in the world, and the only central banker to have predicted the 2008 super-crisis.3.Ominously, he’s the only central banker now, iss
Tuesday, October 21, 2014
Jeffrey Lewis
Perpetual Debt Slavery 
There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service. The second type of debt is a Ponzi large enough to make Bernie Madoff blush.  And crash the system. In the current system, debt is money for nothing used to create asset bubbles. Including the equity lift-off we see today. Giving rise to the pump and dump scams that are very much alive and well.As Zerohedge captured the essence: "To
Tuesday, October 21, 2014
Nathan Lewis - New World Economics
A Brief History of World Currencies, 1949-2014
Here's something you don't see everyday: a look at all the currencies in the world, from 1949 to 2014. We looked at currencies during the 1914-1941 period earlier this year: July 18, 2014: Foreign Exchange Rates 1913-1941 #8: A Brief Summary June 22, 2014: Foreign Exchange Rates 1913-1941 #7: Switzerland's Independence; Turkey Avoids Devaluation June
Monday, October 20, 2014
Nathan Lewis - New World Economics
  Russia's Currency Crisis: This Is So 2008! Are you getting that “it’s kinda like 2008 again” feeling? I am! In November of 2008, the Russian ruble was collapsing vs. the dollar, the Russian central bank was intervening in the foreign exchange market, Russian interest rates had risen to high levels, and I was writing an op-ed about it. Here’s what I wrote in 2008: On the surface, it appears that
Sunday, October 19, 2014
Jeffrey Lewis
The Countdown to Truth
“The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.”-Winston ChurchillLet’s take a look at this quote in the context of physical silver. I don't think it's going out a limb to say that physical silver represents a type of financial truth. The truth is·con·tro·vert·i·bleˌinkäntrəˈvərdəb(ə)l/adjectivenot able to be denied or disputed.” incontrovertible proof"synonyms: indisputable, incontestable, undeniable, irrefutable, u
Saturday, October 18, 2014
Frank Shostak
Is the Surge in Capital Goods Orders Due to Malinvestment?
Orders for US non-military capital goods excluding aircraft rose by 0.6 percent in August after a 0.2 percent decline in July to stand at $73.2 billion. Observe that after closing at $48 billion in May 2009, capital goods orders have been trending up. Most commentators regard this strengthening as evidence that companies are investing both in the replacement of existing capital goods and in new capital goods in order to expand their growth. Responding to Markets or the Central Ban
Wednesday, October 15, 2014
Stewart Thomson - Graceland Update
Gold Surges While Stock Markets Implode 
Graceland Updates By Stewart Thomson1.It’s the dawn of another day, in the worst month of global stock market “crash season”.Long ago, I defined global stock market crash season as the August 7th to October 31st timeframe.2.Investors who fail to exit general equity market positions by August 7th each year take the reckless risk of watching most of their holdings get completely destroyed.3.That’s because history’s greatest stock market crashes, including the 1929 wipeout, have occurred in the mon
Tuesday, October 14, 2014
Nathan Lewis - New World Economics
Taxes on Capital and Capital Accumulation
An economy is, fundamentally, a physical thing. We create goods and services. We don't create "money." Money, and all the associated contracts such as debt, equity, and so forth, are really ways of organizing human activity to produce goods and services. Today, in the industrialized economy, we have enormous investments in capital. "Capital" is, fundamentally, the creation of a thing that helps to create goods and services. Actually, it doesn't even have to be in
Tuesday, October 14, 2014
Jeffrey Lewis
Just Blame the Banks
“I think this is a time where people will look back on us and see it as a period of practically central bank worship.”- Jim GrantCentral bank equals big private-publicly owned banks. The populace still holds a collective deference for the banks. The view that the political financial alliance is the problem is still a rare one. Always one step from conspiracy."It is well enough that people or the nation do not understand our banking and monetary system for it they did, I believe that there would
Tuesday, October 14, 2014
Nathan Lewis - New World Economics
A Brief History of World Currencies, 1949-2014
An economy is, fundamentally, a physical thing. We create goods and services. We don't create "money." Money, and all the associated contracts such as debt, equity, and so forth, are really ways of organizing human activity to produce goods and services. Today, in the industrialized economy, we have enormous investments in capital. "Capital" is, fundamentally, the creation of a thing that helps to create goods and services. Actually, it doesn't even have to be in
Sunday, October 12, 2014
Profitable Investing in Essential Resources NOW
When considering investing in Essential Resources it is important to determine not only which of these have relatively inelastic Demand but also those which have Relatively inelastic Supply. Now is a time of Great Opportunity for Investing in certain (but not all!) Key Resources, because certain Key Resources are NOW available at Bargain Basement Prices.The Key to Picking which ones is to focus on the Big Picture for a particular Resource, an Important Deepcaster Focus.As well, it is important t
Friday, October 10, 2014
Ron Paul
  The Real Status of Forces in Afghanistan and Iraq 
After 13 years of war in Afghanistan - the longest in US history - the US government has achieved no victory. Afghanistan is in chaos and would collapse completely without regular infusions of US money. The war has been a failure, but Washington will not admit it. More than 2,000 US fighters have been killed in the 13 year Afghan war. More than 20,000 Afghan civilians were also killed. According to a study last year by a Harvard University researcher, the wars in Iraq and Afghanistan w
Thursday, October 09, 2014
Dan Popescu - GoldBroker
The Calm Before the Storm in the Gold Market
US Dollar Index vs Spot Gold Again this week the gold price tested the $1,200 level dropping below it on higher US dollar against most fiat currencies. It is assumed that a stronger US dollar against the euro and other fiat currencies is also negative for the price of gold. However gold is not a hedge against the US dollar but rather against all fiat currencies. Even though gold’s price has been falling, in India and China gold premiums have increased signifying a rising demand. We have als
Wednesday, October 08, 2014
Nathan Lewis - New World Economics
  Dozens of Countries Have Already Kicked the Fiat Currency Habit 
It might seem that today we are deeply devoted to the Mercantilist paradigm in monetary affairs: the notion of a floating fiat currency managed by a panel of bureaucrats, to address an ever-changing menu of issues including unemployment, exchange rates, financial markets, government funding, and the interests of one group or another. Some people call this the Soft Money paradigm, characterized by the “Rule of Man.” But, I think it is important that quite a few go
Tuesday, October 07, 2014
Frank Shostak
Inflation's Not the Only Way Easy Money Destroys Wealth 
The US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said. “I am expecting an inflation rate to run below two percent for the next four years, through 2018,” he said. “That means there is more room for monetary policy to be helpful in terms of … boosting demand without running up against generating too much inflation.” The yearly rate of growth of the official consumer price index (CPI) s
Tuesday, October 07, 2014
Stewart Thomson - Graceland Update
Deflation Is Bullish For Gold Stocks
Graceland Updates By Stewart ThomsonGold-bearish Western bank economists are very lucky. They can gleefully ignore Indian black market imports in their assessment of demand and supply, and nobody questions them.   Thus, a tiny outflow of gold from Western ETFs in September is relentlessly highlighted as a harbinger of gold price doom, while recent reports that India is importing more than 15 tons a week in the black market, are swept under the rug.Unfortunately for the bearish economists, they c
Tuesday, October 07, 2014
Jeffrey Lewis
Cerulean Dollars - Go Deep or Go Home 
“We have deep depth.”-Yoga BerraThe dollar institution is much larger than the Fed, the Treasury or the entire basket of FOREX that derives relative values of backless currencies.Market action makes market commentary. Few question price discovery -- instead they spend precious time trying to make the fundamentals fit the price. A backwards endeavour. We need to go deeper.Not only because the truth sets us free, but to reveal the ugliness as well. There is no reason not to appreciate the complexi
Tuesday, October 07, 2014
Alasdair Macleod - Finance and Eco.
  Market Report: Failing economies and the quarter-end 
Precious metals have faced adverse weather as evidence mounts that major economies may be sliding into recession. Yesterday the ECB finally responded to the deteriorating situation in the Eurozone by announcing a discretionary form of QE to last up to two years if necessary. The only clues are the ECB will buy in covered bonds and asset backed securities issued in euros in the Eurozone with an objective to increasing the ECB's balance sheet by about €1 trillion.Some sort of easing had been expec
Saturday, October 04, 2014
Peter Schiff - Euro Pacific Capital
The Sound Money Business: Four Years Past and Future Forecast 
By Peter SchiffYesterday, I launched a new website and announced the rebranding of my gold bullion dealer from Euro Pacific Precious Metals to SchiffGold. I started this company four years ago to provide a trustworthy option for my Euro Pacific Capital brokerage clients, but it has since grown to become a major US gold dealer in its own right. This landmark for my company comes in the midst of a historic time for the precious metals. The past four years have had highs and lows. We have been expe
Friday, October 03, 2014
Keith Weiner - Monetary Metals
  Perception vs. Reality at the Fed 
Last week, a story broke about Fed whistleblower Carmen Segarra. I wrote an article on Forbes about it, Disgruntled Fed Lawyer Blows Whistle on Regulatory Capture. Segarra is a former Fed regulator assigned to supervise Goldman Sachs. She secretly recorded 46 hours of audio from her meetings, during her short stint on site at Goldman as a Fed employee. This story does not come in a vacuum. There is an ongoing narrative, which is simple, even facile. We had a crisis in 2008, and therefore banks c
Friday, October 03, 2014
Egon von Greyerz - Matterhorn AM
  Will this save the Swiss financial system? 
Will this save the Swiss financial system? by Egon von Greyerz  – October 2014 On 30 November 2014 the Swiss People has the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World. The “Gold Initiative” referendum November 30, 2014 On November 30th the Swiss will vote on: Returning their national gold which is held abroad back to Switzerland Requiring the Swiss National Bank to hold 20% of their asse
Friday, October 03, 2014
Clive Maund
  HONG KONG - the Western Elites get to work on CHINA'S "ACHILLES HEEL"... 
Hong Kong, which was returned to China by Britain after the expiration of a 99-year lease, has long been regarded as a sort of capitalist jewel in China’s crown, but now it seems to be becoming a “thorn in its side”. Hong Kong, which was returned to China by Britain after the expiration of a 99-year lease, has long been regarded as a sort of capitalist jewel in China’s crown, but now it seems to be becoming a “thorn in its side”. Hong Kong, which was returned t
Thursday, October 02, 2014
Jeff Thomas - Casey Reseach
I Owe My Soul—Why Negative Interest Rates Are Only the First Step 
In 1946, an American singer, Merle Travis, recorded a song called "Sixteen Tons." The song told the story of a poor coal miner in Kentucky, who lived in a small coal mining town. The town's economy revolved entirely around the mine.c The mining company owned a "company store," which had a monopoly on the sale of provisions. It charged rates that were designed to use up the weekly paycheque of the miner, so that the miner, in effect, was a slave to the mining company. As the song states, You
Thursday, October 02, 2014
David Morgan - Silver Investor
US Dollar is the Last Stop Before Gold and Silver Spike 
David Morgan is interviewed by Butler On Business Alan: Silver has been under pressure. We saw a little bit of a pop when Mario Draghi did his thing last week. This is an environment where precious metals should be off to the races and yet it's been down for gold... they are taking gold out to the woodshed. David: As far as I'm concerned, and this is not about being right, or being stubborn, this is about my analysis, right or wrong. I really think this is the month where we are going
Thursday, October 02, 2014
Steve Saville - Speculative Investor
  Gold vs Silver during Precious-Metals Bull Markets 
It is widely believed that silver outperforms gold during bull markets for these metals, but that's only partially true. It's true that silver tends to achieve a greater percentage gain than gold from bull-market start to bull-market end. It's also the case that silver tends to do better during the final year of a cyclical bull market and during the late stages of the intermediate-term rallies that happen within cyclical bull markets. However, the early stages of gold-silver bull markets tend to
Wednesday, October 01, 2014
Stewart Thomson - Graceland Update
  Big Al Talks Gold Reval
Graceland Updates By Stewart Thomson1.In America, there is a lot of talk about higher interest rates, and I would argue that most of those fears are already factored into the current price of gold.Janet Yellen has not given any indication that she’s going to embark on a cycle of raising interest rates. 2.The gold-bearish economists said gold would crash, when the taper began.Instead, it rallied, as I predicted it would.If Janet does raise rates, I think gold will rally again, and global stock ma
Tuesday, September 30, 2014
Jeffrey Lewis
Truth, Consequences, and Confiscations 
I think it's normal to have doubts - especially in rigged markets like this. Stockholm Syndrome creeps in and we begin questioning everything. Commenting on these markets over the last decade, I often wonder how long they can keep it all together. The entire house of cards has stood up much longer than anyone has expected. The next wave of investors will likely go through the almost reflexive reach for derivatives first. New investors, or would be long term holders, simply have an aversion and a
Tuesday, September 30, 2014
Egon von Greyerz - Matterhorn AM
The Financial Crisis is mainly an Energy problem
THE MATTERHORN INTERVIEW: Maarten van Mourik – September 2014 “The financial crisis is only partly financial but mainly an energy problem” Dutch economist / oil analyst Maarten van Mourik examines in this exclusive interview the link between gold and oil; important taboos in economics; the USA vs. Europe; the dilemma with our energy-driven monetary system; and last but not least the reason why “peak oil will be here, no matter how much of the stuff is in the ground.” By Lars Schall Lars Schall:
Monday, September 29, 2014
John Rubino - Dollar Collapse
Does Surging Demand For Gold and Silver Coins Signal a Bottom? 
Reports of individuals snapping up near-record numbers of gold and silver coins are coming in from around the world: U.S. Mint American Eagle gold coin sales set to rise sharply in Sept (Reuters) - The U.S. Mint has sold nearly 50,000 ounces of American Eagle gold coins so far in September, almost double its total in August, as a sharp pullback in gold prices and geopolitical tensions boosted interest for physical products from retail investors. With only six busines
Monday, September 29, 2014
Ron Paul
  Scottish Referendum Gives Reasons to be Hopeful 
Even though it ultimately failed at the ballot box, the recent campaign for Scottish independence should cheer supporters of the numerous secession movements springing up around the globe. In the weeks leading up to the referendum, it appeared that the people of Scotland were poised to vote to secede from the United Kingdom. Defeating the referendum required British political elites to co-opt secession forces by promising greater self-rule for Scotland, as well as launching a massive c
Monday, September 29, 2014