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- How Could Yuan Reserve Currency Status Affect Gold? – Jim Rickards
- Report: FBI Agents Telling Friends & Family To ‘Avoid July 4 Celebrations’
- Goldman Sachs sees euro down to 95 US cents
- Crying Wolf?
- Jim Willie: GUARANTEE Dollar Death Dynamics
- Central Bank of Central Banks Says “The World is Unable to Fight Next Global Crash”
- Doc Eifrig: July is the best month to buy these three items
- Comex Silver Is The Most Corrupted Market In History
- Three simple ways to protect your savings from the ‘War on Cash’
- Chinese Stock Market Bubble In Context – Eric Dubin
- Caption Contest Wednesday!
- Coming To America: The Hoarding Begins: Greeks Rush To Grocery Stores, Gas Stations and ATMs In Anticipation of Collapse
- 12 Signs That The United States And China Are Moving Toward War
- Mexico Silver production up 2.1% Y Y in April: INEGI
- Gold Bullion Disappointing, Unaffected by Greek Crisis as Athens Caves In, Dollar Rises on US Jobs Data
- Global Debt Time Bomb Ticks – Puerto Rico Is Next
- US Mint Gold, Silver coin sales rise in June
- The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
- SHOCKING: If you use a public pool, you NEED to read this
- The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015
| How Could Yuan Reserve Currency Status Affect Gold? – Jim Rickards Posted: 01 Jul 2015 01:00 PM PDT How will the Chinese bid for the Yuan to grow into global reserve currency status affect gold? Jim Rickards explains in the interview below: The post How Could Yuan Reserve Currency Status Affect Gold? – Jim Rickards appeared first on Silver Doctors. | ||||
| Report: FBI Agents Telling Friends & Family To ‘Avoid July 4 Celebrations’ Posted: 01 Jul 2015 12:30 PM PDT Fear Mongering, or is the FBI…CIA…ISIS plotting a July 4th display of their own? From SHTFPlan: Following warnings by the federal government that terrorists may be planning to attack Independence Day events, FBI agents are reportedly telling friends and family members to avoid major July 4 celebrations. Gateway Pundit's Jim Hoft cites an "inside […] The post Report: FBI Agents Telling Friends & Family To 'Avoid July 4 Celebrations' appeared first on Silver Doctors. | ||||
| Goldman Sachs sees euro down to 95 US cents Posted: 01 Jul 2015 12:27 PM PDT Amid Greece’s Sisyphean drama, the euro has been like a brick – you can throw it, just not very far. But that’s only temporary, Goldman Sachs says, sticking with its call for near-parity with the dollar. ‘This week’s jump in the euro on news of the Greek referendum made no sense to us,’ the bank’s analysts said in a note. ‘We continue to see mounting tensions over Greece as a catalyst for the euro-dollar to go near parity, if contagion to other peripherals causes the European Central Bank (ECB) to accelerate quantitative easing.’ In one year’s time, the euro will be fetching just 95 cents, said Goldman Sachs… | ||||
| Posted: 01 Jul 2015 12:00 PM PDT My fear is we are not in 2008 anymore, the coming collapse will change the world order to one unrecognizable to today. The U.S. is in fact “broke” as we spoke of at the beginning. The “realization” of this not only can happen but WILL happen. Sadly, because of how badly the U.S. has treated the world […] The post Crying Wolf? appeared first on Silver Doctors. | ||||
| Jim Willie: GUARANTEE Dollar Death Dynamics Posted: 01 Jul 2015 11:15 AM PDT The USDollar is on a collision course with imminent death… By Jim Willie, GoldenJackass.com It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the USDollar treads, limps, and struts proudly, dangerously, and abusively, suspended by numerous false cables and tethers. The USDollar cannot […] The post Jim Willie: GUARANTEE Dollar Death Dynamics appeared first on Silver Doctors. | ||||
| Central Bank of Central Banks Says “The World is Unable to Fight Next Global Crash” Posted: 01 Jul 2015 11:00 AM PDT According to the Bank of International Settlements, the world cannot handle another global crash – a crash that there is every reason to think is coming. Submitted by Mac Slavo, SHTFPlan: That's because the economy remains in the hands of the Federal Reserve and other central banks. The financial wizards in THIS VIDEO went […] The post Central Bank of Central Banks Says "The World is Unable to Fight Next Global Crash" appeared first on Silver Doctors. | ||||
| Doc Eifrig: July is the best month to buy these three items Posted: 01 Jul 2015 10:30 AM PDT From Dr. David Eifrig, MD, MBA, Editor, Retirement Millionaire: There’s a right time to buy anything… In my Retirement Millionaire newsletter, we strive to buy quality assets when they’re selling at bargain prices. But we don’t just stop at investments… Loopholes in industries’ annual sales cycles, consumer trends, and sales all create windows of opportunity to buy everything – from big-ticket items to groceries – at bargain prices. And in each Retirement Millionaire issue, we share a few of the best bargain opportunities for the coming month. Today, I’m going to share the most useful items you can usually find on sale in July… July is a great month to stock up on paint… The summer is one of the slowest times of year for paint sales. In most parts of the U.S., it’s too hot to paint outside… or inside, since you can’t leave the windows open for fresh air. Take advantage of sales on both interior and exterior paint… and do the work for the cooler months. July is also a great month to buy furniture. Twice a year – in February and August – new furniture (styles for the seasons) hit showrooms. Stores need to clear out older styles to make room for the new, so many have sales around this time July. Retailers like Value City Furniture can offer up to 60% off inventory. Higher-end retailers like Pottery Barn often have savings worth $1,000 or more on furniture costing $4,000. July is one of the best times of year to buy a new men’s suit… In the summer, retailers need to begin making room for new fall suits, so you can find great deals on spring suits. Look for discounts at retailers like J.C. Penney, Men’s Wearhouse, and Joseph A. Bank. Here’s to our health, wealth, and a great retirement Dr. David Eifrig Jr. P.S. In my new Big Book of Retirement Secrets, I cover all of the best things to buy for each month… plus other hundreds of other “life hacks,” such as how to get paid to watch TV and eat potato chips… how to get free silver from the U.S. banking system… and even how to get free healthcare and prescriptions. You can get all the details right here. | ||||
| Comex Silver Is The Most Corrupted Market In History Posted: 01 Jul 2015 10:15 AM PDT The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver. Never in the history of the markets has any futures market been this extraordinarily disconnected from the amount of underlying physical commodity that is available to deliver against those contract […] The post Comex Silver Is The Most Corrupted Market In History appeared first on Silver Doctors. | ||||
| Three simple ways to protect your savings from the ‘War on Cash’ Posted: 01 Jul 2015 10:07 AM PDT From Jeff Clark, Editor, Stansberry Short Report: The Greek banks are on “holiday” this week. After the country’s talks with its creditors broke down over the weekend, the Greek government gave bankers a holiday – telling them to close up shop for a few days and take some time off. In short, the government is saying it’s afraid of what will happen if banks open for business. So, it’s going to keep them closed for a while. Meanwhile, it’s telling depositors not to panic by saying “come back later and everything will be just fine.” Of course, the surest way to incite a panic is to tell people not to worry. That’s exactly what’s happening in Greece right now. Customers are lining up outside of their banks, just waiting for the chance to take out their money. My question to the depositors is: What took you so long? It’s not like we haven’t known about the troubles plaguing the Greek banking system. The Greek banks have been on life support for years. It is only through the combined generosity and stupidity of European and International Monetary Fund officials that the Greek banks have stayed solvent for this long. So why would anybody leave all their money in Greek banks? Why aren’t people prepared for this sort of a crisis? I can only guess that the answer is some combination of faith, hope, and habit. We have faith that our trusted, elected officials are looking out for our best interests. We hope everything will work out for the best. And we’ve always done it this way, so we’re reluctant to change. In other words… we’re stupid. Sorry to be so blunt. But it breaks my heart to watch the news coverage showing elderly Greek citizens lined up in the hot summer sun waiting for the chance to get some of their money out of a closed bank. And, frankly, I’m more than a little afraid something similar could happen here. Granted… our banking system is not on life support. But it’s inflicted with the same virus of debt that’s taking down Greece right now (and threatening the banks of Spain, Italy, and Portugal). Maybe we can get through it just fine. Or maybe it’s just a matter of time before we face the same sort of crisis. Either way, it helps to be prepared for the worst. Just as you prepare for a hurricane, an earthquake, or any other form of natural disaster, you should also prepare for a financial disaster.
None of these ideas are “extreme” suggestions that are difficult to do. I’m not talking about building a bunker in your backyard and buying weaponry to protect yourself from zombies. This is basic stuff that will get you through a short-term financial emergency. Best regards and good trading, Jeff Clark | ||||
| Chinese Stock Market Bubble In Context – Eric Dubin Posted: 01 Jul 2015 10:00 AM PDT When it comes to China’s Shanghai Stock Exchange Composite bubble, there's one thing that most people miss.. TND Exclusive: Eric Dubin | When it comes to China’s Shanghai Stock Exchange Composite bubble, there's one thing that most people miss and it's probably because most free chart services on the internet only go back 5 […] The post Chinese Stock Market Bubble In Context – Eric Dubin appeared first on Silver Doctors. | ||||
| Posted: 01 Jul 2015 09:30 AM PDT The post Caption Contest Wednesday! appeared first on Silver Doctors. | ||||
| Posted: 01 Jul 2015 08:30 AM PDT The reality of the situation is that not only is this contagion soon to reach America, there will be no stopping it when it does… Submitted by Mac Slavo, SHTFPlan: What happens when your country collapses to such an extent that it can no longer pay its debts, your banking system is bankrupt […] The post Coming To America: The Hoarding Begins: Greeks Rush To Grocery Stores, Gas Stations and ATMs In Anticipation of Collapse appeared first on Silver Doctors. | ||||
| 12 Signs That The United States And China Are Moving Toward War Posted: 01 Jul 2015 08:00 AM PDT If the United States and China are supposed to be such "great friends", why are both sides acting as if war is in our future? Once our debt-fueled economy collapses, the Chinese won't have too much use for us anymore. Instead, we will just be a barrier in the way of their goal of total […] The post 12 Signs That The United States And China Are Moving Toward War appeared first on Silver Doctors. | ||||
| Mexico Silver production up 2.1% Y Y in April: INEGI Posted: 01 Jul 2015 08:00 AM PDT Production of gold during the month was totalled 8,035 kilograms, advanced 4% as compared to the production of 7,726 kilograms in the same month last year. | ||||
| Posted: 01 Jul 2015 07:02 AM PDT Bullion Vault | ||||
| Global Debt Time Bomb Ticks – Puerto Rico Is Next Posted: 01 Jul 2015 05:02 AM PDT gold.ie | ||||
| US Mint Gold, Silver coin sales rise in June Posted: 01 Jul 2015 04:41 AM PDT The US Mint's American Eagle silver coin sales reached 4.84 million ounces in June, also the highest since January and more than doubled from 2.02 million ounces a month earlier. | ||||
| The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing Posted: 30 Jun 2015 07:02 PM PDT
If you are not familiar with the “shadow banking system”, the following is a pretty good definition from investing answers.com…
These institutions are extremely dangerous because they are highly leveraged and they are behaving very recklessly. They played a major role during the financial crisis of 2008, and even the New York Fed admits that shadow banking has “increased the fragility of the entire financial system”…
Over the past decade, shadow banking has become a truly worldwide phenomenon, and thus it is a major threat to the entire global financial system. In China, shadow banking has been growing by leaps and bounds, but this has the authorities deeply concerned. In fact, according to Bloomberg one top Chinese regulator has referred to shadow banking as a “Ponzi scheme”…
And what happens to all Ponzi schemes eventually? In the end, they always collapse. And when this 75 trillion dollar Ponzi scheme collapses, the global devastation that it will cause will be absolutely unprecedented. Bond expert Bill Gross, who is intimately familiar with the shadow banking system, has just come out with a major warning about the lack of liquidity in the shadow banking system…
As far as shadow banking is concerned, everything is just fine as long as markets just keep going up and up and up. But once they start falling, the whole system can start falling apart very rapidly. Here is more from Bill Gross on what might cause a “run on the shadow banks” in the near future…
In order to avoid a shadow banking crisis, what we need is for global financial markets to stabilize and to resume their upward trends. If stocks and bonds start crashing, which is precisely what I have projected will happen during the last half of 2015, the shadow banking system is going to come under an extreme amount of stress. If the coming global financial crisis is even half as bad as I believe it is going to be, there is no way that the shadow banking system is going to hold up. So let’s hope that the financial devastation that we have seen so far this week is not a preview of things to come. The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times. We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before. The post The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing appeared first on The Economic Collapse. | ||||
| SHOCKING: If you use a public pool, you NEED to read this Posted: 30 Jun 2015 12:32 PM PDT From Justin Dove, Editor, The Crux: You may want to think twice before hopping in that public pool or hot tub this summer… According to the U.S. Centers for Disease Control (CDC), there may be some unpleasant surprises waiting for you. From Quartz.com… Contrary to common belief, it’s not chlorine—not chlorine by itself, anyway—that reddens your eyes. It’s the chemical compounds formed when chlorine reacts with human urine. That’s according to the Healthy Swimming Program, a collaboration between the US Centers for Disease Control, the Water Quality and Health Council, and the National Swimming Pool Foundation (h/t Women’s Health). The prevailing association of red-eye with chlorine hints at how common the ailment is—and, therefore, how much urine we’re splashing around in. It also has some high-profile apologists. Olympian swimmers Michael Phelps and Ryan Lochte have confessed to sneaking an underwater leak, as Quartz reported last year. And if you think red-eye is bad, it gets worse… Recent research reveals that chlorine’s reaction with two chemicals in urine — urea and uric acid — creates two poisonous gases that can hurt people’s lungs, hearts, and central nervous systems. On top of all that, chlorine doesn’t kill some of the most insidious types of bacteria fast enough to prevent infections. For instance, a bacteria called Cryptosporidium — “Crypto” for short — can linger in chlorinated pools for days. In spite of widespread chlorine use, outbreaks of recreational water illnesses (RWIs) have climbed in the past decade, says the CDC. During that time, more than 20,000 people have picked up diarrheal illnesses from water they swallowed in U.S. swimming pools, water parks, and other disinfected swimming venues. How might bacteria be getting into pools in the first place? Brace yourself for ick. It seems that bathers aren’t just peeing in pools; they’re also leaking diarrhea. The CDC advises people to “never swim when you have diarrhea.” Luckily, the CDC also reported some simple ways to protect yourself. From CNN… “We recommend that you not pee or poop in the water and shower before you go in,” said Michele Hlavsa, chief of the Health Swimming Program at the Centers for Disease Control and Prevention. A 2010 CDC report found that one out of 10 public pools don’t have proper chlorine levels. To make sure you’re not about to take a dip in a bacteria-laden pool, “you can use pool test strips at a pool supply or big box store” to check the chlorine level, Hlavsa said. (The CDC recommends chlorine levels in pools between 1 and 3 parts per million and pH of 7.2 to 7.8.) Even at the right levels, chlorine does not wipe out everything. A new CDC report found that a parasite called cryptosporidium, which can cause diarrhea and lives up to 10 days in a chlorinated pool, was associated with 37 (54%) of the 69 outbreaks of illness at pools and water parks. “To protect yourself, it’s about not swallowing the water you swim in, and to protect others don’t swim if you have diarrhea,” Hlavsa said. Something to keep in mind this summer. Pass it on… | ||||
| The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015 Posted: 25 Jun 2015 06:24 PM PDT
To clarify, when I say “imminent” I do not mean that it will happen within the next 48 hours. And I am not saying that our problems will be “over” once we get to the end of 2015. In fact, I believe that the truth is that our problems will only be just beginning as we enter 2016. What I am attempting to communicate is that we are right at the door of a major turning point. About this time of the year back in 2008, my wife and I went to visit her parents. As we sat in their living room, I explained to them that we were on the verge of a major financial crisis, and of course the events that happened a few months later showed that I was right on the money. This time around, I wish that I could visit the living rooms of all of my readers and explain to them why we are on the verge of another major financial crisis. Unfortunately, that is not possible, but hopefully this article will suffice. Please share it with your friends, your family and anyone else that you want to warn about what is coming. Let’s start with a little discussion about the U.S. economy. Most of the time, when I use the term “economic collapse” what most people are actually thinking of is a “financial collapse”. And we will talk about the imminent “financial collapse” later on in this article. But just because stocks have recently been hitting all-time record highs does not mean that the overall economy has been doing well. This is a theme that I have hammered on over and over again. It is my contention that we are in the midst of a long-term economic collapse that has been happening for many years, that is happening as you read this article, and that will greatly accelerate over the coming months. Let me give you just one quick example. When an economy is healthy, money tends to circulate fairly rapidly. I buy something from you, then you take that money and buy something from someone else, etc. In a stable and growing economy, people generally feel good about things and they are not afraid to spend. But during hard times, the exact opposite happens. That is why the velocity of money almost always slows down during a recession. As you can see from the chart below, the velocity of money has indeed gone down during every recession since 1960. Once a recession is over, the velocity of money is supposed to go back up. But a funny thing happened after the last recession ended. The velocity of money continued to go down, and it has now hit an all-time record low…
This is the kind of chart that you would expect from a very sick economy. And without a doubt, our economy is sick. Even the official government numbers paint a picture of an economy that is deeply troubled. Corporate profits have declined for two quarters in a row, U.S. exports plunged by 7.6 percent during the first quarter of 2015, U.S. GDP contracted by 0.7 percent during the first quarter, and factory orders have declined year over year for six months in a row. If the stock market was connected to reality, it would be going down. But instead, it has just kept going up. As I discussed yesterday, this is a classic case of an irrational financial bubble. If I was writing an economic textbook and I wanted to include an example of what a run up to a major financial crash looks like, it would be hard to come up with anything more ideal than what we have watched unfold over the last six months. Just about every pattern that has popped up prior to previous stock markets crashes is happening again, and this is something that I have written about so much that many of my readers are sick of it. And without a doubt, our financial markets are primed for a crash. Only two times before has the S&P 500 been up by more than 200 percent over a six year time frame. The first was in 1929, and the stock market subsequently crashed. The second was in 2000, right before the dotcom bubble burst. And by just about any measure that you can possibly imagine, stocks are massively overvalued right now. For instance, just check out the chart posted below. It comes from Doug Short, and it shows that the ratio of corporate equity prices to GDP has only been higher one time since 1950. That was in 2000 just before the dotcom bubble burst…
Let’s take a look at another chart. This one comes from Phoenix Capital Research, and it shows that the CAPE ratio (cyclically adjusted price-to-earnings ratio) has rarely been higher. In fact, the only times that it has been higher we have seen stock market crashes immediately afterwards…
Yale economics professor Robert Shiller is also deeply concerned about the CAPE ratio…
Other valuation indicators produce similar results. This next chart is another one from Doug Short, and it shows the average of four of his favorite valuation indicators. As you can see, there is only one other time when stocks have been more overvalued than they are today according to the average of his four favorite indicators, and that was just before the stock market crashed when the dotcom bubble burst…
Another one of the things that indicates that a financial bubble is happening is the level of margin debt. Whenever margin debt has gone over 2.25% of GDP a stock market crash has always followed, and today it is far above that level. As you can see from the chart below, there have been three major peaks in margin debt in modern U.S. history. One was just before the dotcom bubble burst, one was just before the financial crisis of 2008, and the third is happening right now…
Something else that we would expect to see prior to a major financial crisis is a decoupling of high yield debt and stocks. This is something that happened just prior to the stock market crash of 2008, and it is happening again right now. The following chart comes from Zero Hedge, and it demonstrates this brilliantly…
Are you starting to get the picture? And as I discussed yesterday, the smart money is beginning to pull their money out of stocks while they still can. According to USA Today, mutual fund investors have pulled more money out of stocks than they have put into stocks for 16 weeks in a row…
But it isn’t just stocks that are going to crash during the next financial crisis. Bonds are going to crash as well, but what I am concerned about most of all are derivatives. Derivatives are going to play a starring role in the next major financial crisis. I cannot emphasize this enough. In fact, if you want to listen for just one word on the news that will let you know that things have started to really unravel, just listen for the word “derivatives”. This form of legalized gambling is going to crush “too big to fail” banks all over the planet during the next major financial downturn. The “too big to fail” banks in the U.S. alone have 278 trillion dollars of total exposure to derivatives, but they only have 9.8 trillion dollars in total assets. To say that they are being “reckless” is a massive understatement. For much more on the coming derivatives crisis, please see my previous article entitled “Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And 'Are Likely To Cause Big Trouble'“. Of course I am not the only one that is sounding the alarm about what is coming. Just consider what some very prominent individuals have been saying recently… Ron Paul has just released a new video in which he warned all of us to “prepare for a bear market in bonds“. Carl Icahn says that financial markets are “extremely overheated—especially high-yield bonds“. Max Keiser recently told Alex Jones that a great financial collapse is coming. Martin Armstrong says that his Economic Confidence Model predicts that the “Big Bang” is coming in “2015.75“. Jeff Berwick of the Dollar Vigilante says that “we're getting very, very close to the next crisis collapse” and he has specifically pointed to the month of September. James Howard Kunstler has predicted that stocks are going to “crater in Q3 as faith in paper and pixels erodes“. Lindsey Williams recently sent out an email alert in which he warned that his elite friend has told him that “they have a World Wide Financial Collapse scheduled between September and the end of December 2015“. Gerald Celente has warned about “the Great Panic of 2015“. Bill Fleckenstein has said that 2015 could be the year of the “big accident“. Ray Gano has stated that we will see a financial collapse “probably starting in the third quarter of 2015″. Legendary investor Jim Rogers recently said that he believes that “we will see some kind of major, major problems in the world financial markets” within the next year or two. Alex Jones recently released a video in which he explained that he recently received “two different calls” from “extremely prominent wealthy people” warning him about what is coming by the end of this year and asking him why he isn't leaving the United States “before October”. Bible prophecy expert Joel C. Rosenberg has posted an ominous message on his personal blog in which he warned that “something is coming” and that “we must be ready”…
When I read what Rosenberg wrote, it struck me that it was precisely how I have been feeling too. In my entire life, I have never had such an ominous feeling about any period of time as I have about the last six months of 2015. Like Rosenberg, I feel a “tremendous sense of urgency”, and I feel a great need to warn as many people as I can. And it isn’t just a financial collapse that I am concerned about. In a previous article, I detailed seven key events that we are going to witness before the end of this September… Late June/Early July – It is expected that this is when the U.S. Supreme Court will reveal their gay marriage decision. Most believe that the court will rule that gay marriage is a constitutional right in all 50 states. There are some that believe that this will be a major turning point for our nation. July 15th to September 15th – A “realistic military training exercise” known as “Jade Helm” will be conducted by the U.S. Army. More than 1,000 members of the U.S. military will take part in this exercise. The list of states slated to be involved in these drills includes Texas, Colorado, New Mexico, Arizona, Nevada, Utah, California, Mississippi and Florida. July 28th – On May 28th, Reuters reported that countries in the European Union were being given a two month deadline to enact “bail-in” legislation. Any nation that does not have “bail-in” legislation in place by that time | ||||
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