Gold World News Flash |
- Who Is Behind The Riots? Charlotte Police Says 70% Of Arrested Protesters Had Out Of State IDs
- SHRILLARY SUFFERS MASSIVE MELTDOWN DURING LABORERS UNION VIDEO CONFERENCE
- Doctor: Hillary's "Abnormal Eye Movements" Hint At Serious Health Issues
- World Money and Hyperinflation – Jim Rickards
- Retired Green Beret Warns "We Haven't Been This Close To Nuclear War In A Long Time"
- ‘I’ve Never Seen Anything Like This’ – Donald Trump Raises Huge Sums From Small Donors
- Spot The Odd (Hedge Fund Strategy) Out
- Fed's next move will be easing, not raising, Belkin tells King World News
- Alasdair Macleod: The root cause of monetary confusion
- Russian banks aim to sell gold to China as VTB, Sberbank expand
- Gold Daily and Silver Weekly Charts - Been Down, Looking Up - Autumn Leaves
- David Icke - Who Are 'They'? The Historical Evidence
- The Elite Solution: Three New Ways To Get Inflation
- Here’s How the EU’s Crisis Is Tearing NATO Apart
- Lemmings Only Function in The Stock Market is to Serve as Cannon Fodder
- Gold Rises 1.5%, Silver Surges 3% After Fed Stays Ultra Loose At 0.25%
- Silver Price Forecast: Higher Silver Prices For Many Years To Come
- Do I Believe Gold is Going Higher? You Bet I Do!"
- Three Mining Companies Reaping the Rewards of Large Financings
- Asanko Gold Scores at Akwasiso and Boosts Production Guidance
- Gold Price Heads for Another $75 Quarterly Gain as Fed Holds Rates, UN Warns of 'Crisis Part 3'
- The Fed’s Desperate Battle Against Stagnation
| Who Is Behind The Riots? Charlotte Police Says 70% Of Arrested Protesters Had Out Of State IDs Posted: 23 Sep 2016 01:03 AM PDT Confirming what many had suspected when viewing the sudden and intense collapse into anrchy that occurred in Charlotte this week, Todd Walther, spokesman for the Charlotte-Mecklenburg Fraternal Order of Police told CNN's Erin Burnett:
As shocking as this statement is, it should not be a total surprise. 18 months ago, as the riots flared in Ferguson, there was one man pulling the strings of this 'domestic false flag'... George Soros. In an apparent effort to "keep the media’s attention on the city and to widen the scope of the incident to focus on interrelated causes — not just the overpolicing and racial discrimination narratives that were highlighted by the news media in August," liberal billionaire George Soros donated $33million to social justice organizations which helped turn events in Ferguson from a local protest into a national flashpoint.
Still not buying it? As The New American recently reported, Ken Zimmerman, the director of U.S. programs at Soros’s Open Society Foundations (OSF), denied last year that Soros had funded BLM, saying it was just a rumor.
So with Hillary's poll numbers decling rapidly, and a debate looming that she would desperately like to be focused on domestic division as opposed to every email, pay-to-play, foreign policy misstep, and cough or stumble she has taken; is anyone shocked that 'out of state' protesters would turn up in Charlotte suddenly turning a peaceful but angry protest into tear-gas-filled deadly riots? And who is a big donor to Clinton? George Soros: $7 million Financier George Soros founded what would become the Quantum Fund in 1969 with $12 million. According to the Bloomberg Billionaires Index, he's now worth $24.7 billion and continues to invest through Soros Fund Management, a family firm. As a political donor, Soros has been mercurial. In 2004, he contributed $23.5 million to organizations opposing George W. Bush's reelection effort. In 2008, he donated $2,300 to both Clinton and Barack Obama, and that was it. Soros's Open Society Policy Center, the advocacy arm of his philanthropic network, spent $8.2 million on lobbying Washington in 2015. It focuses on international human rights, immigration, foreign aid, public health and criminal justice reform, among other issues. Since 2003, Soros has contributed $54 million to federal candidates and committees.
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| SHRILLARY SUFFERS MASSIVE MELTDOWN DURING LABORERS UNION VIDEO CONFERENCE Posted: 22 Sep 2016 09:30 PM PDT by Geoffrey Grider, Now The End Begins.com:
Hillary Clinton has spent several times what Donald Trump has spent to air television ads in key states. That will likely continue; in a new count by Advertising Age, the Clinton campaign and its allied super PACs have booked $145.3 million in ad time between now and Election Day, to $4.4 million for Trump and his groups. The combined stress of lying about Benghazi, lying about emails, lying about the Clinton Foundation and battling Parkinson's Disease is really getting to old Hillary these days. Observe this video recorded just the other day where she is addressing the Laborers Union in Las Vegas, by YELLING at them. Now that's a new approach to winning votes. Seemingly shocked that after spending 10s of millions of dollars, she remains only modestly ahead in the polls, Hillary Clinton exclaimed during an teleconference with the Laborers' International Union of North America, saying, "Why aren't I 50 points ahead?" Donald Trump was quick offer a three word reason… "because you're terrible!"SHRILLARY CLINTON: "WHY AREN'T I 50 POINTS AHEAD OF TRUMP?"Hillary Clinton has spent several times what Donald Trump has spent to air television ads in key states. That will likely continue; in a new count by Advertising Age, the Clinton campaign and its allied super PACs have booked $145.3 million in ad time between now and Election Day, to $4.4 million for Trump and his groups. AND DONALD TRUMP WAS QUICK TO RESPOND:"Because she's terrible," he said bluntly. "I mean, she's had a terrible record. Everything she touches is bad. You look at what's going on with Libya and you look at the surge and you look at all of her decisions and you look at the Iran deal, which is one of the dumbest deals I've ever seen, which she started, and she totally backs, by the way, I mean, in its completed form, she totally backs. You look at everything she touched, I mean, it's just a mess. And she's spending a lot of money and so far it's not had much of an impact because I guess I'm winning in most of these states and we'll see what happens in the end, but she is [terrible]." source The surprised look on Hillary's face says it all. Enjoy this supercut: HILLARYS EVER-CHANGING VOICE:HILLARY'S PHONY ACCENTS WHEN SHE PANDERS TO HER REGIONAL AUDIENCES: |
| Doctor: Hillary's "Abnormal Eye Movements" Hint At Serious Health Issues Posted: 22 Sep 2016 05:52 PM PDT By John R. Coppedge, MD, FACS is a general surgeon from Texas, originally posted on The Hill In 2014 Conan O'Brien did a spoof of Hillary Clinton's interview with Diane Sawyer about her lack of lingering health issues following her 2012 concussion. In an obviously photoshopped version Clinton's eyes are made to oscillate crazily. It was a very funny piece. Now, it may not seem so funny. Hillary Clinton exhibited abnormal eye movements during her recent speech in Philadelphia and they were not photoshopped. Her eyes did not always move in the same direction at the same time. It appears that she has a problem with her left sixth cranial nerve. That nerve serves only one function and that is to make the lateral rectus muscle contract. That muscle turns the eye in the direction away from the midline. It comes out of the base of the brain and runs along the floor of the skull, immediately beneath the brain before coursing upward to the eye. Dysfunction of that muscle causes the striking picture of the eyes not aiming in the same direction and causes the patient to suffer double vision. Like all things medical, there is a long list of potential causes but in my opinion the most likely one, based on Clinton's known medical history is an intermittent lateral rectus palsy caused by damage to or pressure on her sixth cranial nerve. It is known that she suffered a traumatic brain injury in late 2012 when she fell and struck her head. What is also known is that she was diagnosed with a transverse sinus thrombosis — blood clot in the major vein at the base of the brain. Almost all patients with a transverse sinus thrombosis suffer swelling of the brain and increased intracranial pressure. Most have headaches, balance issues and visual disturbances — all of which Clinton was reported to have following that event. Clinton's physician reported that she was placed on Coumadin (a blood thinner) to dissolve the blood clot. Actually, that is incorrect, because Coumadin has no effect on an existing clot. It serves only to decrease the chance of further clotting occurring Clinton's physician has also reported that on follow up exam, the clot had resolved. That is surprising since the majority of such clots do not dissolve. The way it was documented that the clot had resolved has not been reported. If, as is statistically likely, Clinton's transverse sinus is still blocked, she would still have increased pressure and swelling and decreased blood flow to her brain. That swelling would place pressure on the exposed portion of the sixth cranial nerve at the base of her brain, explaining the apparent lateral rectus palsy. And such a deficit can be partial and/or intermittent. Additionally, when patients who have decreased intracranial blood flow becoming volume depleted (dehydrated) or have a drop in blood pressure loss of consciousness can occur. That could explain her witnessed collapse in New York City on 9/11. One thing that is taught early in medical school is that a patient's history, physical exam, signs and symptoms should usually lead to a single diagnosis. Crudely put "when you itch, it is probably not lice and fleas but one or the other." More professionally put, in most cases the patient's symptoms can be explained by one unifying diagnosis, not a constellation of disparate ones. The admittedly speculative scenario I propose is an attempt to understand and rationally explain what is going on, based on known facts and the observable signs exhibited by Clinton. Having previously written about this, I once again suggest that she undergo an independent neurologic exam and have proper studies to determine whether or not she still has a blood clot at the base of her brain, swelling of the brain, increased intracranial pressure and whether or not her 2012 traumatic brain injury was accompanied by a skull fracture with or without bleeding around or in the brain itself and if there are any residual areas of scarring of the brain. Critics will rightly point out that I have not examined Clinton. They will point out that I am not ophthalmologist or a neurologist. But I am a physician and the concepts discussed above are taught to every medical student early in their education. Her traumatic brain injury, transverse sinus thrombosis, subsequent symptoms, falling, passing out and now the obvious problem with eye movement are all fact, not speculation. It would be very helpful if Clinton agreed to an independent exam and to have the questions raised here answered. It is too important not to get this right. |
| World Money and Hyperinflation – Jim Rickards Posted: 22 Sep 2016 05:40 PM PDT by Jim Rickards, DailyReckoning:
In 1944, John Maynard Keynes proposed a form of world money, which he called the "bancor," at the Bretton Woods international monetary conference. In 1961, Nobel Prize winner Robert Mundell said, "the optimum currency area is the world," laying the theoretical foundation for world money in his classic article "A Theory of Optimum Currency Areas." In March of 2009, U.S. Treasury Secretary Timothy Geithner supported greater issuance of Special Drawing Rights (SDR's) at the depths of the financial crisis. And as recently as October 2015, the former undersecretary general for economic and social affairs (ECOSOC) of the United Nations, José Antonio Ocampo, wrote an Op-Ed calling for new issues of SDRs with a disproportionate share going to emerging markets. The list of prominent international monetary elites calling for greater use of SDRs as world money keeps growing. It's critical you to understand this new trend. The SDR has the power to reduce the dollar to the status of a local currency no different than the Mexican peso. Understanding SDRs will also help you avoid losses from inflation and benefit from new opportunities that will be created by their use. Hyperinflation on the Horizon Much has been written about the collapse of the dollar. We define collapse as a spontaneous loss of confidence in the dollar as a store of value resulting in sudden hyperinflation. The source of such hyperinflation is not money printing (that happened already) but the rapid turnover of money. Those who lack confidence in dollars as a store of value will quickly dump dollars for other assets. In this scenario, the alternative to the dollar can be as familiar as gold or land. It could be one of the new digital assets such as Bitcoin. The dollar alternative could even consist of natural resources such as oil or water. When it comes to hyperinflation, the alternative doesn't matter that much… What matters is that investors will dump dollars as fast as they get them. The resulting turnover (what economists call velocity) will feed on itself and lead to skyrocketing dollar prices. It is important not to think of hyperinflation as prices "going up" (although that is literally true). A better understanding is that assets, goods and services have a constant real value, while the dollar itself is collapsing. That dollar devaluation is the real source of "higher prices." After all, gold is gold, land is land and water is water. When you see hyperinflation, you are really seeing the collapse of the dollar relative to everything that dollars can buy. |
| Retired Green Beret Warns "We Haven't Been This Close To Nuclear War In A Long Time" Posted: 22 Sep 2016 05:30 PM PDT
As can readily be seen by the current events, the world has not been this close to a nuclear war and World War 3 in a long time. There are four major flashpoints right now that could easily escalate and ignite a powder keg, transforming from a regional conflict or conflicts into a world war: Syria, the South China Sea, Ukraine, and North and South Korea. The “reconstruction” of a Cold War-type faceoff, initiated by the U.S. and NATO building up forces in Eastern Europe and facing off against Russia. A nuclear war will be initiated by an EMP (Electromagnetic Pulse) detonation over the continental U.S., followed by a nuclear exchange and a war with conventional forces. As of this writing, the U.S. has “mistakenly” bombed Syrian governmental military forces, causing at least 60 deaths with more than 100 others wounded. The Russian government is sizzling, especially with the response by (of all people) Samantha Power, U.S. Ambassador to the UN had this to say to the media, as reported by CNN:
True humanitarians, all, and especially she, the wife of Cass Sunstein and a true Marxist disciple of the Weather Underground (along with Cass) regrets the loss of life. The airstrikes occurred just two days before the U.S. and Russia were supposed to have joint airstrikes against ISIS. As ISIS is a creation of the U.S. State Department and the administration, it seems the U.S. decided to strike their true intended target…the Assad government forces…as it wants to topple Syria, and escalate things with the Russians. Meanwhile last week, the U.S. flew two B-1B nuclear bombers along the DMZ to bluster North Korea with a show of force in response to the nuclear bomb test they conducted just a week prior. South Korea also threatened to reduce Pyongyang to ashes, while North Korea prepares for yet another nuclear test in the near future. More than 20 missile tests have been conducted by North Korea just this year alone. This is not counting the satellite launch at the beginning of the year in which they placed their second satellite into orbit…a path of trajectory, mind you, that takes it over the continental U.S. several times per day. Ukraine cease fire agreements between the populist forces (rebels) in the eastern provinces and the U.S.’s puppet Poroshenko-government has been violated innumerable times as the fighting in Donetsk continues. In the meantime, the IMF just approved a 2-billion-dollar loan to Ukraine and the U.S. is supplying Poroshenko’s government with “nonlethal” U.S. military equipment. Russia has been posturing a tremendous number of troops (some DOD estimates range as high as 150,000) on its western border facing Ukraine: they have conducted military exercises, including some within Crimea, which they annexed from Ukraine in 2014. The United States has been beefing up its presence in the Baltic States of Latvia, Lithuania, and Estonia, as well as in Poland and Moldova, the latter emplacing U.S. missile systems for “defense” that can be converted to offensive, nuclear missiles in hours. In addition to this, the U.S. is deploying B-61 nuclear bombs to Germany’s Buchel airbase. Russia has countered with ordering the deployment of the Iskander-M missiles to Kaliningrad, Russia’s westernmost military base in a direct standoff against the U.S. buildup in Germany and Eastern Europe. Meanwhile things in the South China Sea are heating up as the U.S. has moved naval assets into the area in a show of force in support of Japan over the disputed Senkaku islands face-off between Japan and China. Last week the Russian navy linked its assets with China’s in the two countries’ joint naval exercises that could turn into a combat operation and a Chinese invasion at the drop of a hat. There is a slow buildup and preparation of media coverage that is trying to paint Russia in the leading role of the aggressor in all of this. It isn’t working, except with those who are ill-informed. The bottom line: with the U.S. election year in complete disarray and civil unrest lurking as a result of social and economic breakdowns, a war would be the perfect thing to justify suspension of the elections and the inculcation of martial law in the “interests of national security.” The general civilian publics of all of the nations would be the ones to suffer, and it wouldn’t be the first time that it happened. Politicians – the ones who “regret the loss of life” in a war – are not the ones to lose their own lives or the lives of their children when the balloon goes up. |
| ‘I’ve Never Seen Anything Like This’ – Donald Trump Raises Huge Sums From Small Donors Posted: 22 Sep 2016 05:20 PM PDT from Intellihub:
Indeed, when it comes to raising money from small donors, Trump may have a little Bernie Sanders in him. Politico reports:
Love him or hate him, Donald Trump has an actual political movement behind him. John McCain and Mitt Ronmey did not, and neither does Hillary Clinton.
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| Spot The Odd (Hedge Fund Strategy) Out Posted: 22 Sep 2016 05:00 PM PDT The trend is your friend... until the end. August was a great green month for many hedge funds (with Multi-Strategy and Event-Driven strategies doing best). But, as RBC notes., 'trend-following' CTA/Managed Money funds "got smoked." Spot the odd strategy out...
It's a reversal of fortune for the group, which by Credit Suisse's estimate had been one of the best hedge-fund categories in the nine months through June, rising 5.4 percent. As RBC explains, STRATEGY PERFORMANCE UPDATE SEES SYSTEMATIC / CTA / TREND-FOLLOWING SMOKED QTD (2nd column from right) FOLLOWING THE VaR SHOCK: That said, those with shorter-term models have likely profited from the pivot back into the old 'long fixed income / long equities / long crude / long gold / short volatility regime seen over the past few sessions, so expect these strategies turn again turn higher imminently as leverage is re-deployed.
Given the force and speed at which they ditched equities, it's likely CTAs contributed to the recent bout of volatility, said Credit Suisse's Connors, particularly since equity long-short funds increased stock holdings to near-peak levels. During the stretch, the VIX spiked 40 percent in one day and the S&P 500 Index had its worst daily loss since the British vote to leave the European Union. The stage was set for a rough patch starting in June, when crude's decline caused the trend-following managers to bet against the commodity. While that bet worked as oil dropped 14 percent in July, it burned shorts the following month when crude snapped back 7.5 percent.
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| Fed's next move will be easing, not raising, Belkin tells King World News Posted: 22 Sep 2016 02:48 PM PDT 5:46p ET Thursday, September 22, 2016 Dear Friend of GATA and Gold: Market analyst Michael Belkin bludgeons the Federal Reserve pretty well in comments to King World News this week. Despite all the Fed's talk about raising interest rates amid a strengthening economy, Belkin says, "We are teetering on a recession. So I expect that the next Fed move will actually be an easing. They are just waiting for the next election and they are spreading misinformation to make people feel confident about the economy before the election so Obama's henchwoman gets re-elected." An excerpt from the interview is posted at KWN here: http://kingworldnews.com/top-advisor-to-sovereign-wealth-funds-says-this... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running By Tommy Humphreys Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back. This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ... ... For the remainder of the report: https://ceo.ca/@tommy/new-newcastle-gold-ceo-gerald-panneton-hits-the-gr... Join GATA here: New Orleans Investment Conference Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: 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: |
| Alasdair Macleod: The root cause of monetary confusion Posted: 22 Sep 2016 02:37 PM PDT By Alasdair Macleod Arguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos. Supporting one side or the other as if they were opposing football teams does not represent constructive debate, which must be approached with an open mind. This has now become crucial, because conventional and even unconventional monetary policies have demonstrably failed in their objectives, so it is time to look at the problem from another angle. This article does this by drawing on the implications of Gibson's Paradox, its recent resolution, and its apparent absence in the post-Volcker years. ... ... For the remainder of the commentary: https://wealth.goldmoney.com/research/goldmoney-insights/the-root-cause-... 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 Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: 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: |
| Russian banks aim to sell gold to China as VTB, Sberbank expand Posted: 22 Sep 2016 02:27 PM PDT By Yuliya Fedorinova Russia's gold sales in China are set to expand as VTB Capital boosts sales and Sberbank PJSC prepares to enter the market, chasing demand in the world's biggest consumer of bullion. Sberbank CIB plans to register on the Shanghai Gold Exchange and eventually to sell up to 100 tons (3.2 million ounces) a year, according to an e-mail from the investment arm of Russia's largest bank. VTB Capital, a unit of the second-biggest lender, is targeting sales of as much as 20 metric tons of gold in China in 2017, Sergey Nenashev, the bank's head of precious metals, said by e-mail. Sales may reach a rate of 100 tons a year near the end of 2018, he said. Russian banks, which act as intermediaries between the country's gold producers and the market, aim to tap into Asian growth. Rising incomes and few investment options in China are driving demand for gold jewelry, bars, and coins in China. In July, Shanghai Gold Exchange volumes almost doubled from a year earlier to 1.7 trillion yuan ($255 billion), figures compiled by the bourse show. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-09-22/russia-boosts-gold-sal... ADVERTISEMENT Gold Standard Continues to Expand North Dark Star High-Grade Deposit Company Announcement VANCOUVER, British Columbia, Canada -- Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) today announced assay results from two holes, DS16-21 and DS16-04, at the recently discovered North Dark Star oxide gold deposit on its fully-owned and controlled Railroad-Pinion Project in Nevada's Carlin Trend. Results from DS16-21 have increased the width of the deposit and, more importantly, have confirmed that higher-grade oxide mineralization projects up-dip to more shallow depths to the east of DS16-08. The primary objective of this year's drill program at North Dark Star was to expand the high-grade zone discovered in core hole DS15-13 (15.4 meters of 1.85 gold grams per tonne and 97 meters of 1.61 gold grams per tonne) at the end of last year's drill program. ... ...For the remainder of the announcement: https://goldstandardv.com/news/2016/expansion-gold-standards-north-dark-... Join GATA here: New Orleans Investment Conference Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: 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: |
| Gold Daily and Silver Weekly Charts - Been Down, Looking Up - Autumn Leaves Posted: 22 Sep 2016 01:32 PM PDT |
| David Icke - Who Are 'They'? The Historical Evidence Posted: 22 Sep 2016 11:55 AM PDT A US General warns that Hillary Clinton is unit to be President and Commander and Chief of the United States. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| The Elite Solution: Three New Ways To Get Inflation Posted: 22 Sep 2016 09:16 AM PDT This post The Elite Solution: Three New Ways To Get Inflation appeared first on Daily Reckoning. There are three ways to get inflation that have not been tried yet. You can see them coming a mile away if you understand elite jargon and the elite message system..
That's the elite plan. Helicopter money, SDRs and a higher gold price are the trifecta of how to get inflation when all else fails. These policies can be done individually or in combinations. This will be playing out in the next few years. Governments are trying to defeat deflationary expectations. And there's no better way to do that than let the price of gold go up in a convincing way. Regards, Jim Rickards Ed. Note: Sign up for your FREE subscription to The Daily Reckoning, and you'll start receiving regular offers for specific profit opportunities. By taking advantage now, your ensuring that you'll be financially secure later. Best to start right away. The post The Elite Solution: Three New Ways To Get Inflation appeared first on Daily Reckoning. |
| Here’s How the EU’s Crisis Is Tearing NATO Apart Posted: 22 Sep 2016 08:27 AM PDT BY KAMRAN BOKHARI : NATO has been searching for relevance for a generation. Now, as the EU faces a meltdown, the fate of NATO is even more unclear. European nations are more and more discontent with the EU. The aftermath of Brexit, and the banking crisis that has spread from Italy to Germany, only inflame the tension. As a result, major European powers are less likely to play a bigger role in NATO. |
| Lemmings Only Function in The Stock Market is to Serve as Cannon Fodder Posted: 22 Sep 2016 05:17 AM PDT "A genius can't be forced; nor can you make an ape an alderman." ~ Thomas Somerville From the Tulip bubble to the financial meltdown of 2008, the theme has been the same. The masses never learn, they always cry foul on the way down but gurgle with joy on the way up. In other words, when they are making money, they are okay with the risk, but when they start to lose, they scream bloody murder. |
| Gold Rises 1.5%, Silver Surges 3% After Fed Stays Ultra Loose At 0.25% Posted: 22 Sep 2016 04:56 AM PDT Gold was up 1.5% and silver surged 3.1% yesterday after Janet Yellen again failed to raise rates from record lows at 0.25%. The Fed maintained ultra loose monetary policies which are again creating stock and bond market bubbles in the U.S. and other countries. |
| Silver Price Forecast: Higher Silver Prices For Many Years To Come Posted: 22 Sep 2016 01:45 AM PDT In a previous article, I highlighted how a Head and Shoulders Bottoming pattern on the silver chart suggested that the silver rally since the beginning of 2016 is likely to continue. This pattern has now matured nicely, thanks to the retrace to the breakout area. Below, is a silver chart (all charts from tradingview.com), with that pattern and the retrace to the breakout area highlighted: |
| Do I Believe Gold is Going Higher? You Bet I Do!" Posted: 22 Sep 2016 01:30 AM PDT Kitco |
| Three Mining Companies Reaping the Rewards of Large Financings Posted: 22 Sep 2016 01:00 AM PDT It takes money to make money; mining companies need capital to make acquisitions and conduct exploration. Brien Lundin of Gold Newsletter profiles three companies making the most of recent financings. |
| Asanko Gold Scores at Akwasiso and Boosts Production Guidance Posted: 22 Sep 2016 01:00 AM PDT News that Asanko Gold has increased production guidance and secured positive drill results from a new exploration site at its Ghana mine project spurred positive comments from four analysts following the company. |
| Gold Price Heads for Another $75 Quarterly Gain as Fed Holds Rates, UN Warns of 'Crisis Part 3' Posted: 21 Sep 2016 05:00 PM PDT Gold prices held near 2-week highs in London on Thursday, trading at $1335 per ounce as world stock markets rose sharply following the US Federal Reserve's "no change" decision on interest rates but a new United Nations report warned of... |
| The Fed’s Desperate Battle Against Stagnation Posted: 21 Sep 2016 01:17 PM PDT This post The Fed's Desperate Battle Against Stagnation appeared first on Daily Reckoning. When you say "Independence Day" to most Americans, they think of the Fourth of July. That's not true for the Federal Reserve. At the Fed, "Independence Day" is the fourth of March. And it's possible that this past March 4 may be the Fed's last "Independence Day" for a long time! Why the fourth of March? On March 4, 1951, the Federal Reserve reached an agreement with the U.S. Treasury that restored policy independence to the Fed after nine years of domination by the Treasury. Beginning in April 1942, shortly after the U.S. entered World War II, the Fed agreed to cap interest rates on Treasury bonds to help finance the war effort. The cap meant that the Fed gave up its control of interest rate policy. The cap also meant that the Fed surrendered control of its balance sheet because it would have to buy potentially unlimited amounts of Treasury debt to implement the rate cap. (Such asset purchases had inflationary potential, but in World War II, inflation was managed separately through wartime price controls.) We may soon be entering a new period of fiscal domination by the Treasury. The Fed might again have to give up control of its balance sheet and interest rate policy to save the U.S. from secular stagnation. The Fed will subordinate its policy independence to fiscal stimulus coordinated by the White House and the Treasury. The history of the Treasury-Fed Accord of March 4, 1951, is revealing. Why did Treasury not restore Fed independence in 1945 when the U.S. and its allies won the war? After World War II, the Treasury was reluctant to give up its domination of the Fed. President Truman felt strongly that patriotic investors in U.S. bonds should not have to suffer capital losses if rates rose. The White House insisted that the wartime cap on long-term rates be maintained. The Fed resisted this, but their resistance was soon overcome by the Korean War. This new war was used by the Treasury as an excuse to continue the rate cap. It was not until 1951, with the Korean War in stalemate and a presidential election on the horizon, that the Treasury restored the Fed's independence on interest rates and the size of its balance sheet. Today the Fed's independence is once again threatened: not by war, but by secular stagnation. The U.S. economy has grown about 2% per year since 2009. This rate is below the economy's potential growth of 3%, and well below the pace of past recoveries. Following the recessions of 1980 and 1981, the U.S. economy grew at about 5% for several years before settling back to trend. The U.S. economy had record peacetime expansions in the 1980s and 1990s. That kind of growth is like a distant memory now. U.S. debt-to-GDP ratios are the highest since the end of World War II (and much higher if contingent liabilities for entitlements are considered to be debt). While U.S. deficits have declined, they are still adding to the overall debt faster than the economy is growing. The U.S. is still on a path to fiscal crisis and loss of confidence in the dollar. Many speculate the Fed is out of bullets to deal with depressed growth. That is not entirely true. The Fed held steady today, as I predicted. But the Fed's policy rate is still off zero. The Fed has room to cut rates in December or in early 2017. (Quantitative easing, or "QE4," is certainly possible, even though there's little evidence that QE2 and QE3 achieved much.) The Fed could also try negative interest rates. It's already been discussed extensively. When asked about the possibility of negative interest rates late last month in Jackson Hole, Wyoming, Yellen said that it wasn't out of the question. But the Federal Reserve has determined that unless the next recession is "unusually severe and persistent," negative interest will not be implemented. We'll see. In order for negative interest rates to be truly effective, they would have to be accompanied by the elimination of cash. That may very well be coming, and governments have basically won the war on cash. But it will not happen on the necessary scale tomorrow or the next day. And it still faces great resistance. And recent evidence from Europe, Switzerland, Japan and Sweden indicates that negative rates don't do any more to help growth than zero rates. In fact, negative rates may be counterproductive since they signal deflation fears. Such fears can lead to more savings (to make up for low yields) and less spending (based on expectations of lower prices). People in countries with negative rates have been buying safes to hoard cash. That's the opposite of what central banks want. It's a vicious cycle that's hard to break. The Fed might return to the currency wars and cheapen the dollar, as they did in 2011. A cheap dollar is in fact a key element of the "Shanghai Accord," which I've written about extensively. This could give the U.S. economy a short-term lift and import some inflation from abroad. But U.S. gains come at the expense of trading partners whose growth is either already lower than the U.S.' (Japan and Europe) or dropping dangerously (China's). In a globalized world, there's no escape from a global slowdown. If monetary solutions don't work, what can be done to restore growth? I rely on what we call "indications and warnings" to detect momentous policy shifts in advance. The central bank money printing and currency wars will not be over soon. Global elites are getting desperate to try something new to stimulate growth. These indications and warnings now are signaling loud and clear that the Fed must again surrender its independence to the big spenders. A new global consensus is emerging from elite voices such as Adair Turner, Larry Summers, Joe Biden and Christine Lagarde. The consensus is that the only solution to stagnation is expanded government spending on critical infrastructure, health care, technology, renewable energy and education. (In a Republican administration, more defense spending could be added to the list.) If citizens won't borrow and spend, the government will! It's the basic Keynesian idea from the 1930s without the monetarist gloss. More government spending means more government debt. Who will buy these added government bonds? How will the Treasury keep interest rates low enough so that a death spiral of higher deficits and higher rates doesn't push the Treasury bond market to the point of collapse? The answer is that the Fed and Treasury might very well reach a new secret accord, just as they did in 1941. Under this new accord, the U.S. government could run larger deficits to finance stimulus-type spending. The Fed will then cap interest rates to keep deficits under control. Capping rates will have the added benefit of producing negative real rates if inflation emerges as the Fed expects. The Fed can use open market operations in the form of bond buying to achieve the rate caps. This means the Fed would not only give up control of interest rates, it would give up control of its balance sheet. A rate cap requires a "whatever it takes" approach to Treasury note purchases. The popular name for rate caps, and Fed bond buying to support government spending, is "helicopter money." The technical names are fiscal dominance and financial repression. The implications for you are huge. If deflation persists, rate caps can force bonds to much lower levels. Nominal rates and inflation would be in a race to the bottom in an effort to achieve negative real rates. This will produce big capital gains in U.S. Treasury notes. If inflation emerges, the rate cap might be higher in nominal terms but still low enough to achieve negative real rates. In this scenario, gold and other precious metals like silver would perform extremely well. Treasury note holders would not suffer unduly, because the Fed's rate cap would put a brake on losses. Nominal interest rates will not be allowed to keep pace with inflation. In deflation, you have huge gains. In inflation, losses are capped by the Fed! Rate caps will not arrive until mid-2017 at the earliest. And it may well be later. The Fed will probably stick to the current game plan until it can no longer deny it isn't working. The last time the Fed lost its independence — in 1942 — the reason was war. Now a new war on secular stagnation may very well cause the Fed to lose its independence again. Regards, Jim Rickards Ed. Note: The most entertaining and informative 15-minute read of your day. That describes the free daily email edition of The Daily Reckoning. It breaks down the complex worlds of finance, politics and culture to bring you cutting-edge analysis of the day's most important events. In a way you're sure to find entertaining… even risqué at times. Click here now to sign up for FREE. The post The Fed's Desperate Battle Against Stagnation appeared first on Daily Reckoning. |
This world money has existed for some time, but it's about to become a lot more important.
I'll be the first to admit I did not see this coming. Back when it was announced Trump had appointed ex-Goldman Sachs banker, Steven Mnuchin, to be his national finance chairman, I assumed this would mean Hillary Clinton-esque oligarch pandering would rapidly ensure. Surprisingly (to me), this has not really been the case.
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