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Thursday, April 28, 2016

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Doug Casey Warns: “It’s The Next Stage Of The Greater Depression…The Economy Is Going To Be Very, Very Bad”

Posted: 28 Apr 2016 01:00 PM PDT

They've created a super-bubble in bonds, a bubble in stocks, and meanwhile commodities have collapsed and are below production costs in many cases. The economy is going to be very, very bad… It's the next stage of what I call the Greater Depression: Buy Silver Coins at SDBullion   Submitted by Mac Slavo, SHTFPlan: While President […]

The post Doug Casey Warns: "It's The Next Stage Of The Greater Depression…The Economy Is Going To Be Very, Very Bad" appeared first on Silver Doctors.

Gold Price-Triangle Breakout Attempt (Again)

Posted: 28 Apr 2016 12:19 PM PDT

The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%

Posted: 28 Apr 2016 12:16 PM PDT

Slow Down - Public DomainEven the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number has declined compared to the previous quarter.  In other words, GDP growth has been declining for close to a year now, and this lines up perfectly with what I have been saying about how the second half of last year was a turning point that plunged us into the early chapters of a brand new economic crisis.  And as you will see below, the official GDP number is highly manipulated, and the way that it is calculated has been changed numerous times over the years.  So the bad number that is being reported by the government is actually the best case scenario.

Of course many of the “experts” being quoted by the mainstream media are saying that this is just a temporary blip and that good times for the U.S. economy are right around the corner.  For instance, check out this quote from Reuters

“The economy essentially stalled in the first quarter, but that doesn’t mean it is faltering,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. “Some of the restraints to growth are dissipating. Growth is likely to accelerate going forward.”

We have been told this same story for years, but the “acceleration” has never materialized.  In fact, Barack Obama is poised to become the only president in U.S. history to never have a single year when the economy grew by more than 3 percent during his presidency.

That is a statistic that is hard to believe, but it is true.

In addition, Louis Woodhill has pointed out that the average rate of U.S. economic growth during the Obama years will be the fourth worst in recorded history…

Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)

So does anyone out there still believe that there has been an “Obama recovery”?

We also need to add another layer to our analysis.  By now, everyone should realize that the official GDP number is highly manipulated, and the way that GDP is calculated has been changed many, many times over the years.

For example, here is Peter Schiff commenting on changes that were made in 2013

The latest example of this was revealed earlier this week when the Bureau of Economic Analysis (BEA) announced new methods of calculating Gross Domestic Product (GDP) that will immediately make the economy “bigger’ than it used to be. The changes focus heavily on how money spent on research and development (R&D) and the production of “intangible” assets like movies, music, and television programs will be accounted for. Declaring such expenditures to be “investments” will immediately increase U.S. GDP by about three percent. Such an upgrade would immediately increase the theoretic size of the U.S economy and may well lead to the perception of faster growth. In reality these smoke and mirror alterations are no different from changes made to the inflation and unemployment yardsticks that for years have convinced Americans that the economy is better than it actually is.

And the following originally comes from a Bloomberg article which discussed changes that were made in 2015

The way some parts of U.S. gross domestic product are calculated are about to change in the wake of the debate over persistently depressed first-quarter growth.

In a blog post published Friday, the Bureau of Economic Analysis listed a series of alterations it will make in seasonally adjusting data used to calculate economic growth. The changes will be implemented with the release of the initial second-quarter GDP estimate on July 30, the BEA said.

One of the changes that was made last year was intended to artificially boost GDP growth numbers for the first quarter of each year.

So without that artificial boost, what would the real number for the first quarter of 2016 look like?

John Williams of shadowstats.com tracks what the official government numbers would be if honest numbers were actually being used, and according to him U.S. GDP growth has been continuously negative since 2005.

But we certainly can’t have the press report those sorts of things.  If that were the case, then everyone would be talking about the “economic depression” that never seems to end.

Unfortunately, the truth is that we are in the midst of a long-term economic decline, and we can see evidence of this all around us.  For example, on Thursday we also learned that the rate of homeownership in the United States has fallen once again, and it is now hovering just 0.1 percent above the lowest level ever recorded in American history…

After gains in the second half of 2015, the homeownership rate fell to just 63.6 percent, seasonally adjusted, in the first quarter of this year, according to the U.S. Census Bureau. Homeownership hit a high of 69.4 percent in 2004, during one of the biggest housing booms in history. That was also when mortgage lending was arguably at its loosest level in history. The homeownership rate is now just one-tenth of 1 basis point higher than its all-time low in the second quarter of 2015.

For many more numbers that show that the U.S. economy has continued to decline, please see the following articles that I authored earlier this month…

#1 “Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

#2 “In 1 Out Of Every 5 American Families, Nobody Has A Job

#3 “Stories Of Despair From The Forgotten People That The U.S. Economy Has Left Behind

#4 “47 Percent Of Americans Cannot Even Come Up With $400 To Cover An Emergency Room Visit

#5 “Corporations Are Defaulting On Their Debts Like It's 2008 All Over Again

Now that U.S. GDP growth has been steadily dropping for three quarters in a row, hopefully people will wake up and begin to realize what is happening.

We are entering very hard times, so now is not the time to go out and buy fancy new toys or to go into lots of debt.

Rather, this is a time to tighten our belts, batten down the hatches and prepare for rough seas ahead.

Sadly, most people continue to have blind faith that our politicians and the central bankers will be able to perform some kind of miracle to save us from what is coming.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.*

Sunridge Gold - Risks Diminish With The Closing Of The Asmara Transaction

Posted: 28 Apr 2016 12:08 PM PDT

Catherine Austin Fitts Takes Us Down The Rabbit Hole

Posted: 28 Apr 2016 12:00 PM PDT

Was the emergency Federal Reserve meeting with President Obama was due to an imminent bank failure?   Buy 2016 Silver Maples Lowest Price Online! Jason Burack of Wall St for Main St interviewed first time guest, former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/, Catherine Austin Fitts. Catherine's bio […]

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Banksters Plotting One Last EPIC Smash?

Posted: 28 Apr 2016 11:00 AM PDT

The worst might not be behind us…  What will immediately occur, if the banksters take silver prices as low as where Mike Maloney believes they can go?   Buy 2016 Silver Maples Lowest Price Online! Submitted by The Wealth Watchman:  Sales Strength, but What's our Enemy's Next Move? This week we take a look at […]

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Chelsea Clinton Hints: With Scalia Dead, Supreme Court Will Make “Definitive Ruling” On Gun Control

Posted: 28 Apr 2016 10:00 AM PDT

Chelsea Clinton just said what everybody has been thinking – that the Supreme Court is now so liberal that 2nd Amendment rights will be destroyed forever. Buy 2016 Silver Maples Lowest Price Ever! Submitted by Mac Slavo, SHTFPlan: Ready for Hillary? If her daughter Chelsea is any indication, a Hillary Clinton president quickly become an […]

The post Chelsea Clinton Hints: With Scalia Dead, Supreme Court Will Make "Definitive Ruling" On Gun Control appeared first on Silver Doctors.

Federal Agents Caught “Masquerading As Utility Workers” While Installing Mysterious Spy Box

Posted: 28 Apr 2016 09:00 AM PDT

Officials with the ATF would not provide details about their alleged investigation and would not confirm if they were conducting surveillance in the area.   Buy 2016 Silver Maples Lowest Price Online! by Derrick Broze, ActivistPost via SHTFPlan: Editor's Comment: As the revelations about the FBI's use of StingRay cellphone interceptors demonstrated, the agents of the government, […]

The post Federal Agents Caught "Masquerading As Utility Workers" While Installing Mysterious Spy Box appeared first on Silver Doctors.

Jim Willie Bombshell: GLOBAL Lehman Moment Comes NEXT!

Posted: 28 Apr 2016 08:05 AM PDT

The desperation is obvious, palpable, incredible, fascinating, and unmistakable. History is being made, as the last ditch is overrun. The banker cabal wishes to defend an indefensible $1300 gold price and to defend an indefensible $18 silver price. The Gold price will find its true value and price over $10,000 per ounce. The Silver price […]

The post Jim Willie Bombshell: GLOBAL Lehman Moment Comes NEXT! appeared first on Silver Doctors.

SD Bullion Shakes the Market- Takes 90% Silver Below Silver Eagles!

Posted: 28 Apr 2016 08:01 AM PDT

ONLY AT SD BULLION: For the First Time in YEARS- Pre-1965 90% Silver $100 FV Bags Cheaper Than Silver Eagles! New Release: Sun Tzu: The Art of War 2 oz Ultra High Relief Antiqued Back in Stock: Silverbug Island Kraken BU & Proof

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Hotel California Fiat Currency

Posted: 28 Apr 2016 08:00 AM PDT

Relax, said the Fed Chairman. We are programmed to receive.  You can check out any time you like but you can never leave… Buy 90% Junk Silver Coins at SD Bullion $100 FV Bags Just $2.99 Over Spot! Submitted by Gary Christenson: In 1977 the Eagles spoke to us about "Hotel California."  Lyrics are here. […]

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April FOMC Meeting and Gold

Posted: 28 Apr 2016 07:19 AM PDT

SunshineProfits

Sprott’s Thoughts On Miners: Management, Management, Management!

Posted: 28 Apr 2016 07:00 AM PDT

When considering a junior miner, before you start trying to learn the mining laws in British Columbia, before you start trying to calculate the viable mining methods, before you start figuring out the debt structure, do yourself a favor. Check if the team has ever managed a mine.   Then, see if they made money… […]

The post Sprott’s Thoughts On Miners: Management, Management, Management! appeared first on Silver Doctors.

Breaking News And Best Of The Web — April 28

Posted: 28 Apr 2016 06:19 AM PDT

US growth stalls. Bank of Japan fails to ease further; yen soars and Nikkei plunges. Fed does nothing, says next to nothing. Apple sheds $40 billion in market cap while Facebook soars; next up is Amazon. China’s bond market spinning out of control? Trump and Clinton take aim at each other. Gold jumps on Japan […]

Why Macau When Theres Iron?

Posted: 28 Apr 2016 02:15 AM PDT

Bullion Vault

The Future Of America? – More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism

Posted: 27 Apr 2016 06:23 PM PDT

Young People Abstract - Public DomainA shocking new survey has found that support for capitalism is dying in America.  In fact, more than half of all adults in the United States under the age of 30 say that they do not support capitalism at this point.  You might be tempted to dismiss them as “foolish young people”, but the truth is that they are the future of America.  As older generations die off, they will eventually become the leaders of this country.  And of course our nation has not resembled anything close to a capitalist society for quite some time now.  In a recent article, I listed 97 different taxes that Americans pay each year, and some Americans actually end up returning more than half of what they earn to the government by the time it is all said and done.  So at best it could be said that we are running some sort of hybrid system that isn’t as far down the road toward full-blown socialism as most European nations are.  But without a doubt we are moving in that direction, and our young people are going to be cheering every step of the way.

When I first heard of this new survey from Harvard University, I was absolutely stunned.  The following is from what the Washington Post had to say about it…

The Harvard University survey, which polled young adults between ages 18 and 29, found that 51 percent of respondents do not support capitalism. Just 42 percent said they support it.

It isn’t clear that the young people in the poll would prefer some alternative system, though. Just 33 percent said they supported socialism. The survey had a margin of error of 2.4 percentage points.

Could it be possible that young adults were confused by the wording of the survey?

Well, other polls have come up with similar results

The university’s results echo recent findings from Republican pollster Frank Luntz, who surveyed 1,000 Americans between the ages of 18 and 26 and found that 58% of respondents believed socialism to be the “more compassionate” political system when compared to capitalism. And when participants were asked to sum up the root of America’s problem in one word, 29% said “greed.”

This trend among our young people is very real, and you can see it in their support of Bernie Sanders.  For millions upon millions of young adults in America today, Hillary Clinton is not nearly liberal enough for them.  So they have flocked to Sanders, and if they had been the only ones voting in this election season, he would have won the Democratic nomination by a landslide.

Sadly, most of our young people don’t seem to understand how socialism slowly but surely destroys a nation.  If you want to see the end result of socialism, just look at the economic collapse that is going on in Venezuela right now.  The following comes from  a Bloomberg article entitled “Venezuela Doesn’t Have Enough Money to Pay for Its Money“…

Venezuela's epic shortages are nothing new at this point. No diapers or car parts or aspirin — it's all been well documented. But now the country is at risk of running out of money itself.

In a tale that highlights the chaos of unbridled inflation, Venezuela is scrambling to print new bills fast enough to keep up with the torrid pace of price increases. Most of the cash, like nearly everything else in the oil-exporting country, is imported. And with hard currency reserves sinking to critically low levels, the central bank is doling out payments so slowly to foreign providers that they are foregoing further business.

Venezuela, in other words, is now so broke that it may not have enough money to pay for its money.

We are losing an entire generation of young people.  These days, there is quite a lot of talk about how we need to get America back to the principles that it was founded upon, but the cold, hard reality of the matter is that most of our young people are running in the opposite direction as fast as they can.

And Americans under the age of 30 are not just becoming more liberal when it comes to economics.  Surveys have found that they are more than twice as likely to support gay rights and less than half as likely to regularly attend church as the oldest Americans are.

So why is this happening?

Well, the truth is that our colleges and universities have become indoctrination centers for the progressive movement.  I know, because I spent eight years at public universities in this country.  The quality of the education that our young people are receiving is abysmal, but the values that are being imparted to them will last a lifetime.

And of course the same things could be said about our system of education all the way down to the kindergarten level.  There are still some good people in the system, but overall it is overwhelmingly dominated by the progressives.

Meanwhile, the major entertainment providers in the United States are also promoting the same values.  In a recent article entitled “Depressing Survey Results Show How Extremely Stupid America Has Become“, I discussed a Nielsen report which detailed how much time the average American spends consuming media on various electronic devices each day…

Watching live television: 4 hours, 32 minutes

Watching time-shifted television: 30 minutes

Listening to the radio: 2 hours, 44 minutes

Using a smartphone: 1 hour, 33 minutes

Using Internet on a computer: 1 hour, 6 minutes

Overall, the average American spends about 10 hours a day consuming one form of entertainment or another.

When you allow that much “programming” into your mind, it is inevitable that it is going to shape your values, and our young people are more “plugged in” than any of the rest of us.

So yes, I believe that it is exceedingly clear why we should be deeply concerned about the future of America.  The values that are being relentlessly pounded into the heads of our young people are directly opposed to the values that this nation was founded upon, and it is these young people that will determine the path that this country ultimately takes.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.*

Harvey Organ: Silver Sets Another NEW Open Interest Record!

Posted: 27 Apr 2016 06:00 PM PDT

Silver has just set ANOTHER new all-time record for open interest…   FOMC RESULTS: NOTHING OF IMPORTANCE/BIG NEWS IS THAT THE OI ON SILVER CONTINUES TO SET NEW RECORDS: TODAY 206,748 CONTRACTS OR 1.03 BILLION OZ   Good evening Ladies and Gentlemen: Gold:  $1,249.20 up $7.00    (comex closing time) Silver 17.29  up 18 cents […]

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What Steve Jobs Knew About the Internet Can Make You a Better Gold Investor

Posted: 27 Apr 2016 01:00 AM PDT

Of all the people in the tech world, Steve Jobs perhaps understood the potential of the Internet better than any of his peers. Bob Moriarty of 321Gold discusses how Jobs' insight can provide lessons...

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The Significance of Rising Commodities Prices…

Posted: 27 Apr 2016 01:00 AM PDT

Precious metals expert Michael Ballanger expounds on how Federal Reserve policy affects the commodities markets, and expresses cautious optimism about how that policy will play out in gold markets.

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Are We or Are We Not in a New Gold Bull Market?

Posted: 26 Apr 2016 01:00 AM PDT

Technical analyst Jack Chan has examined the charts and says that if we are in a new bull market, prices in both gold and gold equities should begin to pull back and consolidate soon.

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