Tuesday, September 20, 2016

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saveyourassetsfirst3


Gold Haters Come Out in Force

Posted: 20 Sep 2016 02:00 PM PDT

With the September FOMC statement now only hours away, the MSM Gold Haters are out in FULL FORCE…   By Rory Hall, The Daily Coin: We can't have too much positive news about gold in the mainstream media. As a matter of fact, one has dig deep to find mainstream media shinning a positive light […]

The post Gold Haters Come Out in Force appeared first on Silver Doctors.

Jim Willie Warns US Dollar Faces 30% Devaluation As BRICS Prepare Return of Gold Standard!

Posted: 20 Sep 2016 01:15 PM PDT

A 30% Devaluation Out of the Gate!?!   Submitted by Jim Willie, Golden Jackass:    The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They are […]

The post Jim Willie Warns US Dollar Faces 30% Devaluation As BRICS Prepare Return of Gold Standard! appeared first on Silver Doctors.

The Unthinkable: “Postponed Election Would Trigger Massive Chaos”

Posted: 20 Sep 2016 01:00 PM PDT

Never forget that "radicalism" is an arbitrary designation, and the label can be applied to just about anyone for any reason.   by Brandon Smith, Alt-Market.com via SHTFPlan: Editor's Comment: Brandon's point here is that 2016 is spiraling out of control. It feels like we are approaching the end of an era of relative normalcy. Events are […]

The post The Unthinkable: "Postponed Election Would Trigger Massive Chaos" appeared first on Silver Doctors.

The Gold Mania Is About to be UNLEASHED!

Posted: 20 Sep 2016 12:50 PM PDT

Gold is now beginning its' multi-year "BULL MARKET". Gold is the only asset class which will maintain its store of value during the impending crisis which is on the near horizon. While global central banks are now implementing negative interest rates, this is the perfect scenario for gold to surge much higher. The gold mania […]

The post The Gold Mania Is About to be UNLEASHED! appeared first on Silver Doctors.

Barrick Gold's Latest Veladero Spill Bad News For Argentinean Gold Mining

Posted: 20 Sep 2016 12:47 PM PDT

Temple Of Baal Gateway Arch Is Going Up In New York’s City Hall Park Today

Posted: 20 Sep 2016 12:00 PM PDT

If you tried to put up a large cross in a public park in New York City there would be lawsuits flying all over the place, but apparently an ancient pagan arch that served as a gateway to the Temple of Baal is no problem at all.    By Michael Snyder, The Economic Collapse Blog: […]

The post Temple Of Baal Gateway Arch Is Going Up In New York's City Hall Park Today appeared first on Silver Doctors.

The Next Financial Crisis: Former Treasury Secretary Warns Banks “Risks Bigger Now Than 2008”

Posted: 20 Sep 2016 12:00 PM PDT

Leading up to the 2008 financial crisis, most people thought the banks were safe…   Submitted by Simon Black, Sovereign Man: "Sir. SIR! This your bag," the TSA agent barked at me last week, more as a statement than a question. "It is." "Are you carrying any liquids?" I knew immediately; I had forgotten about […]

The post The Next Financial Crisis: Former Treasury Secretary Warns Banks "Risks Bigger Now Than 2008" appeared first on Silver Doctors.

Gold Price Under Pressure Until 5 Year Trendline Breaks

Posted: 20 Sep 2016 11:38 AM PDT

EPIC: Man Shouts “Hillary For Prison”, Clinton Replies “Let’s Make It Happen!”

Posted: 20 Sep 2016 11:25 AM PDT

No, we are not making this up. (Yes, we have video)…   From Mac Slavo, SHTFPlan: 90% Silver Half Dollars at SD Bullion As Low As $1.99/oz Over Spot!   You'd think we're making up the follow incident involving Hillary Clinton, but luckily, just like her recent medical emergency, it was all caught on video. Paul Joseph […]

The post EPIC: Man Shouts "Hillary For Prison", Clinton Replies "Let's Make It Happen!" appeared first on Silver Doctors.

Trump’s New Deal: “Hillary Offers A Welfare Check, I Will Produce Paychecks”

Posted: 20 Sep 2016 11:00 AM PDT

"The only people who get rich under Hillary are donors and special interests." If you’re not already on welfare, in Hillary's America, you soon will be…   From Mac Slavo, SHTFPlan: In terms of rhetoric, which has historically made major departures from actions, this campaign boils down the economic uncertainty that is enveloping this nation. […]

The post Trump's New Deal: "Hillary Offers A Welfare Check, I Will Produce Paychecks" appeared first on Silver Doctors.

Alasdair Macleod Explains Why The EU Is DOOMED

Posted: 20 Sep 2016 10:00 AM PDT

We are accustomed to looking at Europe's woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis…     Submitted by Alasdair Macleod: We normally survive financial crises, thanks to the successful actions of central banks as […]

The post Alasdair Macleod Explains Why The EU Is DOOMED appeared first on Silver Doctors.

Can the General Public Trust Central Banks? Former IMF Official Weighs In

Posted: 20 Sep 2016 09:00 AM PDT

This year we have featured the proposal by IMF Official Dr. Warren Coats to replace the US dollar with the SDR as the global reserve currency. This is because some (like Jim Rickards) have predicted that in the next big global financial crisis, the SDR will be put forward as a replacement for the US […]

The post Can the General Public Trust Central Banks? Former IMF Official Weighs In appeared first on Silver Doctors.

Wolf Richter: Why Hanjin’s Zombie Collapse Won’t Be the Last One

Posted: 20 Sep 2016 12:55 AM PDT

China Containerized Freight Index remains near record low.

The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent

Posted: 19 Sep 2016 06:49 PM PDT

chinese-money-public-domainThe pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China's “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia’s speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.

Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring.

If you are not familiar with the Bank for International Settlements, just think of it as the capstone of the worldwide financial pyramid.  It wields enormous global power, and yet it is accountable to nobody.  The following is a summary of how the Bank for International Settlements works that comes from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

Normally the Bank for International Settlements is not prone to making extremely bold pronouncements, and so this warning about China seems a bit out of character.

Is something going on behind the scenes that we don’t know about?

Without a doubt, the global financial system is shakier and more vulnerable than most people would dare to imagine.  Global central banks have been on the greatest money creation spree in recorded history, and interest rates have been pushed to ridiculously low levels.

If you can believe it, approximately 10 trillion dollars worth of bonds are trading at negative interest rates right now.  This is completely and utterly irrational, and when this giant bond bubble finally explodes it is going to create a crisis unlike anything the world has ever seen before.

Just recently, Michael Pento of Pento Portfolio Strategies commented on this bubble

He said the current financial conditions are “the most dangerous markets i have ever witnessed in my entire life – and i’ve been investing for over 25 years… The membrane has been stretched so wide and so tight that its about to burst.”

Pento believes that once the bond crash happens, it will trigger a cataclysmic wave of crashes throughout the entire global financial system

Mr Pento has now warned that when policymakers signal they are set to stop buying, which will stop bond prices rising, there is going to be a devastating crash – not just in bond markets but across all investment assets.

He said: “When the bond market breaks, when that bubble bursts, it will wipe out every asset, everything will collapse together… I mean diamonds, sports cars, mutual funds, municipal bonds, fixed income, reits, collateralised loan obligations, stocks, bonds – even commodities – will collapse in tandem along with the bond bubble burst.”

Many had been anticipating that we would have already seen a major financial crash in 2016, but so far things have been pretty stable, and this has lulled many into a false sense of complacency.

But it is important to remember that we have seen corporate earnings fall for five quarters in a row, and it is expected to be six when the final numbers for the third quarter come in.

Never before in history have we had a stretch like this without major economic and financial consequences.  The following comes from a recent Fortune article which referred to an earlier piece authored by Jim Bianco…

None of this, however, is apparent from how stock market indexes have been moving lately, which unlike the charts above have been going up and to the right. "Since 1947, every time profits fell this much, or for this long, a recession was either underway or about to begin," writes Bianco. "The only exception was the middle of 1986 to early 1987."

If you remember, there was a pretty important event that happened in 1987: A massive stock market crash that sapped close to 30% of the S&P 500's value in just five days.

It is only a matter of time before this earnings recession takes a major bite out of Wall Street.

Stock prices can stay at irrationally high levels for quite a while, but history has shown that every bubble bursts eventually.

And when this bubble bursts, it is going to make 2008 look like a walk in the park.

Gold vs., Pre-FOMC

Posted: 19 Sep 2016 03:00 PM PDT

Biwii

Stakeholder Gold, New Technology for a Yukon Deposit

Posted: 19 Sep 2016 01:00 AM PDT

Bob Moriarty of 321 Gold discusses Stakeholder Gold and the cutting-edge exploration technology it is employing in the Yukon.

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Deutsche Bank Initiates Coverage of Silver Wheaton with a Buy Recommendation

Posted: 15 Sep 2016 01:00 AM PDT

Citing a strong balance sheet and a large portfolio of diverse gold and silver streaming assets worldwide, Deutsche Bank has initiated coverage of Silver Wheaton with a Buy rating.

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