“We believe the effect of the troubles in the
subprime sector on the broader housing market will be limited and we do
not expect significant spillovers from the subprime market to the rest
of the economy or to the financial system,” – Fed Chairman, Ben Bernanke –
May 17, 2007.
“You know probably that would be going too far but I do think
we’re much safer and I hope that it will not be in our lifetimes and I
don’t believe it will be.” – Fed “Chairman,” Janet Yellen – June 27,
2017
The comments above were made for one reason – feed information to the
algorithms to generate the appropriate “market” responses – stocks
going higher. Another reason, could be argued, was to create a sense of
ease for the masses who may have been questioning why the market is
acting in the manner which it has for the past decade.
Who could forget where the decade long “market rally” originated?
Well, according to former Federal Reserve President Richard Fischer, the
Federal Reserve “
front loaded a wealth effect” to “create two hamburgers today in lieu of payment tomorrow”.
Speaking of rigged markets, how about that undercover video of CNN
Producer, John Bonifield, admitting the whole “Russia did it” narrative
was purely a ratings game! No evidence, nothing to base the non-stop
“reporting” that Trump was working with Russia to “rig the election” and
anything else CNN wanted to blame Russia for doing with Trump. This
story went on for almost a year. CNN has lost any remaining credibility.
Only people held hostage in an airport or doctors office, and my guess
this will change as well, are the only people forced to pay attention to
the FNN – Fake News Network. Never mind that it was actually Hillary
Clinton, as Secretary of State, that sold uranium to Russia. Uranium is
the material necessary to make nuclear weapons. The Clinton Crime
Machine also accepted “donations” for the Clinton Slush Fund, the
Clinton Foundation, while Secretary of State. None of the deadstream
media ever report these acts of treason.
Cryptocurrencies are still in the news. Last week I completed a three
series covering cryptocurrencies and some of the potential pitfalls.
The too big to jail banks, governments around the world and some of the
state governments here at home, along with the IMF and United Nations
are all reviewing how the blockchain can be incorporated into creating
banking, business and government work more efficiently. This is part of
the overall problem I have with cryptocurrencies. We report on the
crimes everyday, as we did in today's episode, committed by the very
organizations that are now moving into the cryptocurrency space. Does
this not bother anyone except me and Chris Duane? Does anyone not look
at the fact the NSA, GCHQ and all the other government spy agencies,
like google, Facebook and other social media capture and catalogue 100%
of our digital footprint? 100% of our digital footprint is recorded,
captured and catalogued by people that mean us harm. Just something to
think about.
Gold and silver, acquired properly, can still be 100% opaque. The
only people that know anything happened are the people involved in the
transactions. One of the main reasons governments hate physical gold and
silver and one of the main reason we should be acquiring as much as
possible as quickly as possible. Physical silver has been money for more
than 4,000 years and gold is close behind. Cryptocurrencies have been
in existence since 2009. History matters.
 
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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Dave Kranzler spent many years working in various Wall Street jobs. After business school, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance, and graduated Oberlin College with majors in Economics and English. Dave has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. Currently he co-manages a precious metals and mining stock investment fund in Denver and publishes the Mining Stock and Short Seller Journals. Contact Dave at dkranzler62@gmail.com.
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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.
