Gold World News Flash |
- Jim Grant: "This Will Turn Out To Be Very Bad For Many People"
- Dispelling The Norwegian Housing Myth
- Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks
- THE DOLLAR IS DOOMED: Fed Admits Another $4 TRILLION In QE Will Be Needed To Offset An “Economic Shock”
- “A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard
- Competitive Devaluation and Rising Precious Metals Prices
- Gold Price Closed at $1337.70 Down $2.70 or -0.20%
- ARE NEW YORKERS ARE FREE-RANGE SLAVES? GERALD CELENTE
- Gold Daily and Silver Weekly Charts - Comex Silver Option Expiration On Thursday
- Tomorrow’s Ten-Baggers, Part 1: Jay Taylor’s Favorite Juniors
- Last chance to buy GATA conference DVDs and posters of Wall St. Journal ad
- Harry Dent WARNING Global Economic Collapse is Near 2016 2017
- Biggest bond traders are on a negative-yield binge, and can make it pay
- The Only Thing That Can Save Your Retirement…
- Is Russia Getting Sucked Into A Multi Arab War? - Morris
- Breaking News And Best Of The Web
- Felix Zulauf Sees Final Leg of the Bull Market
- Novo Resources Aims for High-Grade Gold Trifecta
- Gold Ready to Correct
| Jim Grant: "This Will Turn Out To Be Very Bad For Many People" Posted: 23 Aug 2016 12:24 AM PDT Submitted by Christoph Gisiger via Finanz und Wirtschaft,
Jim, for more than three decades Grant’s has been observing interest rates. Is there anything left to be observed with rates this low?
What are the consequences of that?
John Law was mainly responsible for the great Mississippi bubble which caused a chaotic economic collapse in France in the early 18th century. How is the story going to end this time?
Where do you see the biggest risks?
On a worldwide basis, more than a third of sovereign debt is already yielding less than zero percent.
It’s now already two years ago since the ECB was the first major central bank to introduce negative rates.
So what’s the true meaning of all this?
Now central bankers are even talking openly about helicopter money. Will they really go for it?
Interestingly, nobody seems to be talking about the growing government debt anymore. Also, budget politics are just a side note in the ongoing presidential elections.
The financial crisis and the weak economic recovery likely have spurred the rise of Donald Trump. Why isn’t the US economy in better shape after all those monetary programs?
What’s exactly the problem with the US economy?
Then again, a revisit of the financial crisis would be catastrophic.
So what should be done to get the economy back on track?
At least in the US, the Fed is trying to go back to a more normal monetary policy. Do you think Fed chief Janet Yellen will make the case for another rate hike at the Jackson Hole meeting next week?
Wall Street seems to think along the same lines. So far, many investors don’t take the renewed chatter of a rate hike too seriously.
Obviously, the financial markets like this cautious mindset of the Fed. Earlier this week, US stocks climbed to another record high.
Indeed, according to the latest SEC filings the SNB’s portfolio of US stocks has grown to more than $60 billion.
Other central banks, too, have become big buyers in the global securities markets. Basically, it all started with the QE-programs of the Federal Reserve.
So what are investors supposed to do in these bizarre financial markets?
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| Dispelling The Norwegian Housing Myth Posted: 22 Aug 2016 10:55 PM PDT Submitted by Alexander Grover in Oslo, Norway Recently, Dagens Næringsliv published an article where an economist from DnB (Norway’s largest bank) stated that Norway is not in a housing bubble although conditions resemble one and prices can still fall. The article bases the current prices on the following assumptions:
The article continues, differentiating the Norwegian housing market from the American one, basically stating that a socialist country with lots of benefits can handle higher debt levels than a capitalist one. It fails to acknowledge the impact of the eroding oil foundation on the long term economy. My previous article discusses and questions the above in detail. To further emphasize that housing’s best days are behind us, let’s take a look at prices in dollar and commodity terms:
Oslo Apartment Prices in Dollar Terms Regarding universal currency, this bubble already popped in 2013, now trying to stage a recovery. However, the long-term USDNOK rate will depend on oil prices, trade balances and interest rates.
Housing Prices in Gold Terms Gold is considered both the universal commodity and currency since it does not perish, easy to assay and disconnected from the Central bank’s hysterics. In gold terms, the bubble burst back in 2007.
Real Interest Rates As long as real rates are negative (and becoming more so), the economy is out of balance (since mid-2012), eroding the currency value and creating asset bubbles. When people stop losing from saving at a bank and Norway finds an alternative to the oil industry, the economy can be considered stable. Since my last article, the gap between inflation and benchmark rates have widened (from ca. -3.3 to -3.9), putting more pressure on the NOK and bringing us closer to a day of reckoning: uncontrollable inflation or an asset price correction via sudden and decisive rate hikes.
Source: Norges Bank and SSB Conclusion Nevertheless, even though recent inflation figures make Norway reluctant to cut rates, they may do so, maintaining the illusion. House prices may increase in NOK terms, but they won’t buy much when sellers realize a profit. Remember, there are other investments than housing: dividend yielding stocks in companies with high equity ratios, precious metals, education and your own business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks Posted: 22 Aug 2016 08:45 PM PDT
Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in StocksWritten by Nathan McDonald (CLICK FOR ORIGINAL)
Volatility is the name of the game. Stocks are acting up, but standing strong. Oil is propelling higher and the US dollar is falling. Turmoil around the world has never been higher and an ominous shadow is lurking in the background, ready to strike.
The situation that we now face is ultimately going to end in a collapse of epic proportion. The financial world is now a ticking bomb that is just waiting to explode - I know this, you know this and even if the masses don't, they can feel it in their bones.
The only ones that don't seem to be aware of this dangerous situation are the elites who are currently profiting off of this heightened turmoil and their mainstream media mouthpieces who couldn't be more happy to assist in the destruction of the Western financial world. After all, it would make for a good story, right?
Unfortunately, I am not alone in this assessment of the current global situation. Marc Faber, a prominent voice in the financial community and the editor of the Gloom, Boom and Doom report has taken an ultra bearish view of the current economy.
A recent CNBC article, highlights a recent interview they had with Marc Faber this past week, and states the following:
The notoriously bearish Marc Faber is doubling down on his dire market view. The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC's "Trading Nation" that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history.
"I think we can easily give back five years of capital gains, which would take the market down to around 1,100," Faber said, referring to a level 50 percent below Monday's closing on the S&P 500. The S&P 500 is sitting at 2,184.29 at the time of writing! This would be a truly stunning collapse of the markets. One that would send the financial world plummeting out of control. Contagion would spread and the credit markets would utterly and completely seize up.
What is equally as shocking as this claim of monumental collapse is the fact that Marc Faber believes this will happen in the near term future! This isn't some far fetched 5-10 year prediction that no one will remember he made down the road. No, this is a bold statement from a man who accurately predicted the 2008 crisis and many of the drastic events that have unfolded in modern times.
Marc Faber is just one more expert that is ringing the alarm bells. Sadly, the mainstream media continue to dismiss the experts who are trying to warn the masses, stating that we are conspiracy theorist and nothing more. Even though we have been proven right in our predictions time and time again, causing the trash can to nearly overflow with tin foil hats.
I don't know if the collapse is in the near term such as Marc Faber believes, but I know that it could occur at anytime. Whether it be a week, a month, or years from now, wouldn't you rather be prepared? The risk is simply too great to not be.
Please email with any questions about this article or precious metals HERE
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| Posted: 22 Aug 2016 08:05 PM PDT [Ed. Note: Um, if you don’t have PHYSICAL precious metal by now, what on earth are you waiting for? Click HERE. ~SGT] from Zero Hedge:
“Large-scale asset purchases and forward guidance about the future path of the federal funds rate have almost no ability to offset a shock in current circumstances, but down the road may be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in some, but not all and maybe even not most, circumstances.”
In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of the division of research and statistics at the Fed, the author concludes that “simulations of the FRB/US model of a severe recession suggest that large-scale asset purchases and forward guidance about the future path of the federal funds rate should be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in most, but probably not all, circumstances.” So far so good, however, there are some notable problems with the paper’s assumptions, as Citi head of G10 FX, Steven Englander, observes. He writes that the paper's basic framework is to take the standard US economic model used by the Fed, give it a negative shock big enough to push the unemployment rate up by 5 percentage points (big but not unprecedented over the last 50 years) and deploying the Fed's policy rate, QE and forward guidance tools to see if they are adequate to get the economy back on track. Negative rates and helicopter money are not used. The two simulations assume:
He compares three policy approaches. The first assumes a linear world where fed funds can go into negative territory but there is no breakdown in the structure of economic relationships. It is probably not a realistic view of policy ineffectiveness at negative rates, but it is mean to be a baseline. The second just takes fed funds down to zero and keeps it there long enough for unemployment to return to baseline.
In other words, the Fed is already factoring in a scenario in which a shock to the economy leads to additional QE of either $2 trillion, or in a worst case scenario, $4 trillion, effectively doubling the current size of the Fed’s balance sheet. He continues his critique of the Fed’s argument as follows:
All of which brings Englander to the following stunning conclusion:
Just as troubling, Englander admits that the nuanced read of the Fed paper admits it is effectively powerless to withstand a sharp recession: “The key policy issues and what drives the paper's conclusions and my variant is the starting point.Were we to have a recession today or a year (or even two years) from now, it is very unlikely that the Fed weapons have anywhere near the potency that the paper describes. The FOMC had an end-2018 median fed funds rate of 2.4% at the June meeting and my guess is that it is lower now. Markets don't price in even 100bps in fed funds till the end of 2019 (taking Eurodollar rates and subtracting 40bs or so.) That said, a 5% shock to the unemployment rate is pretty extreme, if the Fed is not stepping on the brakes hard or world not falling apart for other reasons.” | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| “A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard Posted: 22 Aug 2016 07:40 PM PDT from Antonius Aquinas:
On August 15, 1971 in a televised address to the nation outlining a new economic policy entitled, "The Challenge of Peace," Nixon instructed the Treasury Department "to take the action necessary to defend the dollar against the speculators."*
Nixon continued:
Of course, any objective student of history knows that this was a lie and that it was not "speculators" which were causing monetary instability, but the U.S.'s own crazed inflationary policy which attempted to fund its imperialistic endeavor in Vietnam while expanding the welfare state at home. This resulted in the Treasury losing an alarmingly amount of gold reserves to other central banks who rightly sought real value in exchange for depreciated American greenbacks. In essence, Nixon's decision ended gold redemption and placed the U.S. and the rest of the world on a purely fiat paper standard for the first time in recorded time. By doing so, the U.S., in effect, became a deadbeat nation which no longer honored its obligations and was set on the road to its current banana republic status. Instead of impeachment proceedings and his ultimate resignation for the juvenile break in at the headquarters of the nation's other ruling crime syndicate, Nixon should have been imprisoned for this deliberate and destructive act which has led, in large measure, to the nation's crushing and insurmountable debt burden, reoccurring booms and busts, and now economic stagnation. Nixon's disastrous decision had precedent. FDR had his own day of monetary infamy in 1933 when, by Executive Order 6102, he outlawed the private ownership of the precious metal while eliminating gold redemption by banks for dollars. Ostensibly, the order was instituted as an emergency measure to combat the Depression, but in reality, it was done to allow the Federal Reserve greater "flexibility" in inflating the money supply. While Roosevelt and Nixon's decisions would backfire economically, their actions highlighted the totalitarian direction that the federal government and its executive branch were heading throughout the 20th century. Moreover, the lack of opposition or protest to blatant executive dictatorial decrees by either the legislative or judicial wings of the federal government demonstrates again the flawed and frankly naive argument put forth by Constitutionalists of every ideological persuasion on how the celebrated "separation of powers" theory checks tyranny. Nixon's final abandonment of the gold standard had far greater ramifications than simply bad economics. Without the discipline of hard money, central banks could, and did, create massive quantities of paper money and credit, which enriched the politically connected financial elites and the governments which they were aligned. Such power was used, in time, to control, spy on, and regulate the subject populations to a degree never seen before. The power of the state has swelled mostly through bank credit expansion without worry of gold redemption. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Competitive Devaluation and Rising Precious Metals Prices Posted: 22 Aug 2016 07:20 PM PDT by Jeff Nielson, Bullion Bulls:
Actions have consequences. But inside the Wonderland Matrix, the mainstream media pretends there are no consequences, or (even more perversely) asserts that the "consequences" of a particular action are the precise opposite of the actual consequences. An obvious example of this perversity came when the ECB loaned much more money to Greece (a bankrupt economy), and then called that loan "a bail-out". In the real world; you cannot "bail out" a bankrupt debtor by increasing its debts, you can only worsen the insolvency.
In the real world, actions have real consequences, hence the title to this piece. Competitive devaluation is the official economic/monetary policy of the Corrupt West. What is the consequence of competitive devaluation? To answer that question, as always, we must begin with definition of terms. What is "competitive devaluation"? This was fully explained in a recent commentary. The plain meaning of this term could not be simpler. What is devaluation itself? It is when a nation (or economic bloc) reduces the exchange rate of its currency. What is competitive devaluation? It is when nations race to devalue their currencies, as rapidly as possible. What happens when a nation devalues its currency/reduces its exchange rate? This is an important question, since (apparently) none of the talking heads of the mainstream media and none of the charlatan economists know the answer to it. When a nation reduces its exchange rate, the price of everythingrises. Devaluation = reducing the exchange rate = creating (price) inflation. These terms are precisely, mathematically synonymous. Thus competitive devaluation = competitive (price) inflation. This brings us back to the insanity of the Wonderland Matrix. Inside this asylum, the inmates are "competitively devaluing" their currencies as rapidly as possible. At the same time, we have these corrupt regimes and central banks insisting there is "no inflation" (no price inflation). These governments are racing to create inflation, but (supposedly) failing to create any, at all. If this absurdity was actually true, it would be grounds for all of these incompetent regimes to resign in disgrace – or be impeached for failing to do so. The reality, however, is precisely opposite. If there is one thing we know with absolute certainty about the monetary fraud-factories called "central banks", it is that they know how to create inflation. The criminal kingpin of these fraud-factories is the Federal Reserve. In its first century of crime, the value of the U.S. dollar has fallen by 99%. It hasdevalued the U.S. dollar by 99%, i.e. 99% of its value has been devoured by Federal Reserve-created "inflation". Now this same entity is claiming that it is impossible to devalue the dollar any further – no matter how much new funny-money it cranks out from its crooked printing press. What does it mean when an entity devalues and devalues and devalues its currency, and then tells us it can't devalue the currency any further? It means that this currency is already worthless. You can't "devalue" a currency below zero. In fact, the Federal Reserve has been competitively devaluing the U.S. dollar since the day it was born. It's finished. Mission accomplished. The U.S. dollar is fundamentally worthless, based upon several different metrics. The U.S. dollar has been hyperinflated to worthlessness, with the Bernanke Helicopter Drop simply being the proverbial "last straw". With other Western currencies now being little more than fraudulent derivatives of the U.S. dollar, their own status is little different. However, let's pretend otherwise. Let'spretend that these paper currencies are not already worthless, i.e. it is still possible for our traitorous governments to "competitively devalue" them even further. As already explained; competitive devaluation = competitively reducing the exchange rate = racing to create price inflation. A price spiral. Competitive devaluation logically and mathematically implies a price spiral. You cannot have one without the other, they are two sides of the same coin. However, in a world of markets, such a price spiral will not be uniform. Some asset classes will spiral higher at a different rate than other asset classes. We see this, even within the opaque fog of the Wonderland Matrix. Food and housing costs spiral higher, in what is clearly the beginning of a hyperinflation Death Spiral. Prices for other asset classes (notably manufactured goods) have risen much more slowly. A large part of the reason for this discrepancy was explained in a previous commentary. The situation is different with respect to precious metals. Gold and silver are "monetary metals". The true meaning of this phrase was also fully explained recently. As monetary metals, gold and silver mustfully reflect changes in our monetary system. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Closed at $1337.70 Down $2.70 or -0.20% Posted: 22 Aug 2016 06:29 PM PDT
Franklin Sanders Daily commentary is now only available via email. FREE!: Get Franklin Sanders Daily Gold Price Reports and Market Commentaries: If the form above does not display in your iPhone or android app, please use this link to visit the website signup form: http://goldprice.org/franklin-sanders | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ARE NEW YORKERS ARE FREE-RANGE SLAVES? GERALD CELENTE Posted: 22 Aug 2016 05:01 PM PDT The Cato Institute reports New York is again the least free state in the country. Why are liberal states like New York the least free? Legendary trends forecaster Gerald Celente joins Gary Franchi to explain. The Financial Armageddon Economic Collapse Blog tracks trends and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Comex Silver Option Expiration On Thursday Posted: 22 Aug 2016 01:41 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tomorrow’s Ten-Baggers, Part 1: Jay Taylor’s Favorite Juniors Posted: 22 Aug 2016 12:32 PM PDT Precious metals investors are a conflicted bunch right now. Most are happy with the action so far this year, and still expect rising gold and silver to send high-quality mining stocks to the moon. But most were also caught a bit off-guard by the miners’ recent spike. For every investor who loaded up on, say, […] The post Tomorrow’s Ten-Baggers, Part 1: Jay Taylor's Favorite Juniors appeared first on DollarCollapse.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Last chance to buy GATA conference DVDs and posters of Wall St. Journal ad Posted: 22 Aug 2016 10:55 AM PDT 2:10p ET Monday, August 22, 2016 Dear Friend of GATA and Gold: GATA soon will be closing its merchandise business, so please consider helping us by purchasing a set of DVD recordings of our Gold Rush 2011 conference in London and our 2005 conference in Dawson City, Yukon Territory, Canada. Or you can purchase a poster of our 2008 full-page color advertisement in The Wall Street Journal warning of the financial disaster impending from the suppression of the gold price by central banks. DVDs of the proceedings of the two conferences can be purchased here: http://www.goldrush21.com/order.html Posters of the Wall Street Journal ad can be purchased here: CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sandspring Resources Commences 2016 Exploration Campaign Company Announcement Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America. In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization. For the remainder of the announcement and highlights of the 2015 drill program: https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo... Join GATA here: New Orleans Investment Conference Support GATA by purchasing DVD recordings of the proceedings of our London conference in August 2011 or our Dawson City, Yukon Territory, conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://www.cartserver.com/sc/cart.cgi Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Harry Dent WARNING Global Economic Collapse is Near 2016 2017 Posted: 22 Aug 2016 10:31 AM PDT In his book The Great Boom Ahead, published in 1992, Mr. Dent stood virtually alone in accurately forecasting the unanticipated "Boom" of the 1990s. Today he continues to educate audiences about his predictions for the next and possibly last great bull market, from late 2005 into early to mid... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Biggest bond traders are on a negative-yield binge, and can make it pay Posted: 22 Aug 2016 09:03 AM PDT By Brian Chappatta and Andrew Wong It might be considered absurd, if not for the unprecedented contortions in global financial markets. Pacific Investment Management Co.'s largest international bond fund and China are piling into negative-yielding Japanese debt, buying securities that pay out less than the purchase price. And there's a way to turn a tidy profit off the trade. At the heart of the strategy is the world's insatiable appetite for dollar assets, which is presenting an opportunity for investors with greenbacks to spare: the chance to pick up extra yield, a luxury in an era of record-low interest rates. For dollar lenders, even three-month Japanese bills, trading at a rate of negative 0.24 percent, offer juicy returns through a swap transaction that locks in exchange rates. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-08-21/pimco-china-show-no-fe... ADVERTISEMENT Sandspring Resources Commences 2016 Exploration Campaign Company Announcement Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America. In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization. For the remainder of the announcement and highlights of the 2015 drill program: https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo... Join GATA here: New Orleans Investment Conference Support GATA by purchasing DVD recordings of the proceedings of our London conference in August 2011 or our Dawson City, Yukon Territory, conference in August 2006: http://www.goldrush21.com/order.html Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Only Thing That Can Save Your Retirement… Posted: 22 Aug 2016 09:01 AM PDT This post The Only Thing That Can Save Your Retirement… appeared first on Daily Reckoning. Let's be honest, if you're planning to retire in the near future, you're royally screwed… The Fed has eliminated interest income through zero interest rates. The days of getting 5% interest on your hard-earned savings are a dead-end dream. Artificially inflated stocks are at all-time highs by way of this insane interest-rate policy. And with stocks at these elevated levels, it's hard to imagine much more than 2%–3% returns over the next decade. Social Security? Come on. With a funding gap estimated at $13.4 trillion? Like it or not, your Social Security benefits will be cut big time… or you'll be working well into your 80s. Or both. No doubt you're getting squeezed on all sides. And that's just the tip of the iceberg. There's another punch to the gut coming. I hate to be the bearer of bad news, but the retirement crisis is about to get a whole lot worse. Broken PromisesThe government has a nasty secret it's keeping from you: It owes its retirees a ton of money it can't possibly pay them. And you're on the hook for it. Credit-rating agency Moody’s recently reported that federal, state and local governments are $7 trillion short in pension payment funding. That's 40% of the entire U.S. gross national product. Uh-oh. And that's just public sector pensions… Moody's also found that private multiemployer pension plans are massively underfunded by another $337 billion. And the situation isn't going to improve. That's because we're getting hit with a demographic time bomb… As baby boomers retire in record numbers, we're seeing fewer U.S. workers for each retiree. Right now, we have three workers for each retiree. Within a decade it will be down to two. More retired dependents with fewer supporting workers means slower economic growth and higher debt obligations. In other words, we're not growing our way out of this problem. It's only going to get dicier. And taxpayers like you are going to get the bill rammed down your throat. When these pension plans go bust, promised benefits will be cut to the bone. But there will still be a shortfall of epic proportions. And it will be made up by tax increases and bailouts… paid for by you. Make no mistake: This government "screw up" didn't happen by accident. Reaching into your pockets for more cash is the redistributionist's objective. You are just a pawn in game. And the whole thing is about to go off the rails. The Only Way for You to WinSo with no interest income, miniscule future stock returns, stagnant economic growth, higher taxes, bailouts by the bushel and guaranteed Social Security cuts, how can you possibly enjoy a comfortable retirement? If you're counting on those options, you're toast and you might as well tune me out. But for those that are ready to take control of their future, let's get open-heart-surgery serious about your immediate steps… The first and most important thing you need to do is protect your capital. That means avoiding the traditional "buy and hold" investing strategy. With "buy and hope," when the market crashes (and it will), well… tough luck, you are "stock-market dead." That means losing half of your retirement account in a matter of months, like what happened in 2008, is fait accompli. It could take you a decade to just get back to breakeven — if you ever do. That's the retirement killer you must avoid at all costs. The second thing you need to do is outperform "buy and hold." With stocks at record highs, most estimates have equities returning 2%–3% over the next decade. While nobody can predict the future, it's hard to imagine stocks averaging the expected 8% or more returns per year from these bubblicious heights. And you'll need returns far in excess of that to make up for all of the known and unknown challenges we all face. That's easier said than done. But thankfully, outsized returns are exactly what trend following delivers. Analysts at AQR Capital Management crunched data back more than 110 years and found that annualized gross returns for trend following were 14.9%. That's compared to the roughly 9% return from equities during the same period. And trend following was also far superior in protecting investors' capital. The bright minds at AQR found that during the worst ten market crashes of the past 110 years, trend following experienced positive returns in nine out of ten of those events. Look, there's no way in hell you're going to live the retirement you want through a risky "buy and hold" strategy with stocks at historic highs, with bonds paying nothing and with Social Security gearing up for drastic cuts. What you need is a lower-risk, higher-return alternative to overcome America's daunting retirement crisis. And based on historic data, trend following is the one strategy that gives investors like you the power to win out. Unfortunately, most investors will continue to trust the rigged system. They will ignore my warning. But they're just like lemmings jumping off the cliff into the ocean. Even though they see the obvious danger, they follow each other – one by one – into the abyss. Don't be a lemming. Please send me your comments to coveluncensored@agorafinancial.com. Let me know how you're prepared for the coming crisis. Regards, Michael Covel The post The Only Thing That Can Save Your Retirement… appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is Russia Getting Sucked Into A Multi Arab War? - Morris Posted: 22 Aug 2016 03:30 AM PDT We will activate all previous Yemen-USSR treaties, so Russia can use our military bases, airports & ports to fight terrorism." - Saleh The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Breaking News And Best Of The Web Posted: 21 Aug 2016 05:37 PM PDT Stocks, oil and gold down, dollar up in early trading. European banks deteriorating. Negative interest rates getting a lot of attention. More scary predictions from George Soros. Citi loads up on derivatives. Fed officials predicting Sept rate hike. Corporations buy back fewer shares, insiders sell more. Money pours into emerging markets. Silver miners gain fans. […] The post Breaking News And Best Of The Web appeared first on DollarCollapse.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Felix Zulauf Sees Final Leg of the Bull Market Posted: 21 Aug 2016 05:00 PM PDT It's no secret that Felix Zulauf has made timely calls on our show in the past. Just last December on FS Insider, Zulauf called the bottom in gold, which has since risen about 30 percent. This time on Financial Sense, Zulauf discusses his current outlook and how problems developing... | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Novo Resources Aims for High-Grade Gold Trifecta Posted: 21 Aug 2016 01:00 AM PDT Bob Moriarty of 321 Gold, who has been following Novo Resources for four years, discusses the company's three programs that are likely to gain investor attention. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 20 Aug 2016 01:00 AM PDT No bull market is sustainable on a nonstop price spike, says technical analyst Jack Chan, and he predicts the current gold bull market will soon correct, providing an good entry point. |
Franklin Delano Roosevelt called the Japanese "surprise" attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, "A Date Which Will Live in Infamy." Similar words should be used for President Nixon's draconian decision 45 years ago this month that removed America from the last vestiges of the gold standard.
Words have meaning. Actions have consequences. It is very easy for people to forget these tautologies in| You are subscribed to email updates from Save Your ASSets First. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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