Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Falling Rocks in the Promised Land - Gary Christenson

IMG Auteur
 
 
Published : June 16th, 2017
796 words - Reading time : 1 - 3 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Yes, traumatic market events (falling rocks) occur, even though markets are “managed,” statistics are manipulated, and politicians pretend to care about something besides their next election.

From John P. Hussman, Ph.D. Fair Value and Bubbles: 2017 Edition

“Unfortunately, investors seem to have concluded that central bank easing is omnipotent, despite the fact that the Fed eased persistently and aggressively, to no effect, through the entire course of 2000-2002 and 2007-2009 market collapses.”

From Bill Gross: Bill Gross Says Market Risk is Highest Since Pre-2008 Crisis

“Central bank policies for low-and-negative-interest rates are artificially driving up asset prices while creating little growth in the real economy and punishing individual savers, banks, and insurance companies, according to Gross.”

From Billionaire Paul Singer:

“I’m very concerned about where we are in terms of the financial system, the economy, the American economy, the Global economy… After nine years of this artificial levitation on the part of financial assets – high-end real estate, art, the things that rich people buy – I think what we have today is a global financial system that’s just about as leveraged, and in many case more leveraged than before 2008.”

Madoff Whistleblower Harry Markopolos Has Uncovered a New Fraud

Markopolos called what is left of the MBTA’s pension (Boston Transit Authority) a ‘Tender Vittles retirement plan’ meaning (sarcastically) that its participants would be eating cat food.” Is this different, except in degree, from Illinois, Chicago, New Jersey, CalPers (California) and many other pension plans?

“No good outcomes result when you mix politics and money,” Markopolos said.

From Karl Denninger: Illinois is Collapsing: It’s Coming Everywhere

“It was obvious that Illinois was going to fail as a state before I left in 2000.”

Denninger, in my opinion, sees the past, present, and future more clearly than most people, including self-motivated politicians and Wall Street Bankers. He is worried about ever-increasing U.S. government expenditures, long term commitments, and national debt. He also warns about public and private pension plans, medical/sick care costs and more.

Speaking of bubbles and near-bubbles, consider the “Everything Bubble,” and the exceptional rallies in the NASDAQ 100 and Amazon stock. The current rallies are not as steep as during the 1999-2000 NASDAQ but the NASDAQ 100 and the “FAANG” (Facebook, Apple, Amazon, Netflix, Google) stocks have risen far too high.

What created the bubbles and near-bubbles? Central banks created $15 trillion from “thin air” and much of that “funny money” boosted stock prices. Japanese, Swiss and other central banks intentionally created currency and bought U.S. stocks, such as Amazon and Apple, which also promoted the NASDAQ levitation.

An excellent 20 minute video explains how central banks “create” currencies and expand the total digital debt and credit.

Crash – Correction?

The U.S. stock markets could have crashed in 2015, but did not. They could have crashed several times in 2016, but did not. They could have crashed in 2017, but are hitting all-time highs instead. The sizable rallies have been enabled by central bank purchases of stocks.

What happens if central banks cease purchases, or “heaven forbid,” those central banks sell aggressively? Could such sales create a “market event” to crush an economy or a sitting President or be used to enrich Wall Street?

The 1987, 2000, and 2008 market crashes hurt most people. Preparation, in case central banks don’t print enough currency to keep bubble-like markets inflated, is appropriate. Brilliant and wealthy people are concerned about the global financial system and the potential disasters created by excessive debt, central banks and politicians.

Hindenburg Omen: We Got an Official Confirmed Hindenburg Omen Stock Market Crash Warning Signal

Robert McHugh, Ph.D. says his revised Hindenburg Omen seldom occurs but when it does, pay attention. It is not a guarantee of a crash, but it is noteworthy!

Europe: Banco Popular failed in Spain. Italian banks are shaky. Are Deutsche Bank and Chinese wealth management Ponzi debts next?

Repeat:

“No good outcomes result when you mix politics and money,” Markopolos said.


GE Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of the book, “Gold Value and Gold Prices 1971 - 2021.” He is a retired accountant and business manager with 30 years of experience studying markets, investing, and trading. He writes about investing, gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Data and Statistics for these countries : Georgia | Jersey | Spain | All
Gold and Silver Prices for these countries : Georgia | Jersey | Spain | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Debt, Dollars, DOW, War, Silver, and Shirts
20 AugRAHU12
Right here on this web site you could locate the most successful as well as the very best device on the net for Roblox Robux hacks. If you favor va...
Deep Subprime Auto Loan Delinquencies Reach 2007 Levels: The Next B...
22 AugThe Recusant
MIsh: Great article and headsup on what's happening in the subprime loan and bond sector. The possibility of a crash due to the auto loans...
War Games: China Say It Will Prevent US From Attacking North Korea ...
20 Augkevthorne2
Done nothing? How about: "There was a pre-emptive attempt from Koreans to reunite their country in 1950 after resisting American occupation...
War Games: China Say It Will Prevent US From Attacking North Korea ...
18 AugRckpyle1-2
Tough talk from China. Ask yourself, would China be willing to see Beijing become a crater if it attacked the US to aid NK? No, tough talk is cheap...
NY Fed President Wants Consumers to Tap Home Equity: Didn’t We Try ...
17 Augmikejuha
As a prudent investor, I eliminated all mortgage debt in January 2009. When I paid off my loan with Bank of America, they initially refused to tak...
Total Eclipse
19 AugThe Recusant-2
"I’d like to hear [sic] an argument..." Historical statues typically honor or remember people of greatness, the beneficial contribution th...
Can a government surplus cause the economy to tank?
18 Auggfs543
Your dissection is incisive, Steve. You weren't refuting just this one writer. You were beating up on popular Keynesian fallacies.
Can a government surplus cause the economy to tank?
17 AugDRGEORGE
Thank you very much for that Steve. But please just don't 'leave it there'. The author of that article apparently intends to expand on that bullshi...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS