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Thursday, November 17, 2016

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The Election Of Donald Trump Is Already Having An Enormous Impact On The Economy

Posted: 17 Nov 2016 02:00 PM PST

The election of Donald Trump has sent shock-waves through the U.S. economy and the U.S. financial system.  Since November 8th, the Dow has hit a brand new all-time record high, the U.S. dollar has strengthened greatly, and bank stocks are way up.  But not all of the economic news is good news.  Unlike stocks, bonds […]

The post The Election Of Donald Trump Is Already Having An Enormous Impact On The Economy appeared first on Silver Doctors.

Stunning Scenes Of Panic As Gold Price Skyrockets to $2800/oz In India After Currency Ban

Posted: 17 Nov 2016 01:01 PM PST

97% of the Indian economy is cash-based. With 88% of all outstanding currency no longer usable, the economy is coming to a standstill. The daily-wage laborer, who leads a hand-to-mouth existence in a country with GDP per capita of a mere $1,600, no longer has work, as his employer has no cash to pay his […]

The post Stunning Scenes Of Panic As Gold Price Skyrockets to $2800/oz In India After Currency Ban appeared first on Silver Doctors.

Peter Schiff Warns Making America Great Again Will Be Harder Than Donald Trump Thinks

Posted: 17 Nov 2016 01:00 PM PST

Peter Schiff has an economic message for Donald Trump… For starters, instead of Goldman banksters, we suggest President Trump name Peter Schiff and Ron Paul as Treasury Secretary and Fed Chairman (although we suspect Paul would hold that position for less than 24 hours…)   2017 1 oz Gold Queen’s Beasts The Griffin INTRO PRICING […]

The post Peter Schiff Warns Making America Great Again Will Be Harder Than Donald Trump Thinks appeared first on Silver Doctors.

Currency Reset In Real Time: India Causes Panic and Chaos With Massive Hit On Black Market

Posted: 17 Nov 2016 12:25 PM PST

In a stunning move that shocked many people In India, the government decided without warning to make all 500 and 1000 rupee valueless.   The Indian gov’t failing to prepare for this move and print money for citizens to exchange at the banks has created a PANIC in this country. Luke Rudkowski joins us real time with boots […]

The post Currency Reset In Real Time: India Causes Panic and Chaos With Massive Hit On Black Market appeared first on Silver Doctors.

Is Bottom In For The Latest Gold Market Paper Attack?

Posted: 17 Nov 2016 12:05 PM PST

The move by Modi to eliminate large-denomination cash bills from India has set off an unanticipated physical gold buying frenzy. The worst of the beat-down is over…   From PM Fund Manager Dave Kranzler:  The move by Modi to eliminate large-denomination cash bills from India has set off an unanticipated physical gold buying frenzy that […]

The post Is Bottom In For The Latest Gold Market Paper Attack? appeared first on Silver Doctors.

Russell Brand On Donald Trump & MSM Fear Mongering

Posted: 17 Nov 2016 12:00 PM PST

You can’t scare people by telling people having Donald Trump in power will make things terrible, if the world they’re living in is already terrible! The ONLY thing people cared about was CHANGE!! The Election of Donald Trump means it is no longer possible to ignore that REAL CHANGE is required…   While we certainly don’t […]

The post Russell Brand On Donald Trump & MSM Fear Mongering appeared first on Silver Doctors.

Gold Price – 1200 is the Sweet Spot

Posted: 17 Nov 2016 11:44 AM PST

Yellen steams ahead on Fed rate rise but concerns mount on dollar shock 

Posted: 17 Nov 2016 11:25 AM PST

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This Is What a Mania Looks Like

Posted: 17 Nov 2016 11:00 AM PST

The Trump election has ignited a market mania, but in economic terms, nothing real has changed and the relief probably won’t last long, posit Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold…   Submitted by Streetwise: The Trump election has ignited a market mania, to everyone’s surprise. Our sense is that it reflects an […]

The post This Is What a Mania Looks Like appeared first on Silver Doctors.

Dear US Mint, We Gave You The FOIA Funds, Now Give Us The Fort Knox Audit Documents!

Posted: 17 Nov 2016 10:00 AM PST

“We have received your check and are now working to get the requested documents out to you….”     Submitted by Koos Jansen: As readers might have saw on these pages, since 2014 I've been investigating the inventory audits of the US official gold reserves, which should proof the existence of the metal that embodies the credibility […]

The post Dear US Mint, We Gave You The FOIA Funds, Now Give Us The Fort Knox Audit Documents! appeared first on Silver Doctors.

NASA Prepares for Asteroid Impact: “It’s Going To Happen”

Posted: 17 Nov 2016 08:00 AM PST

NASA is preparing for the big one, as many astronomers have found several major rocks that will be headed straight for earth in the next 10-15 years and beyond. The threat of a destructive asteroid event encroaching upon our life has become an increasing concern, and it is gaining serious attention. In the long run, […]

The post NASA Prepares for Asteroid Impact: "It's Going To Happen" appeared first on Silver Doctors.

Shell Shocked by Unprecedented Election: How Trump Will Be Used for “What Will Happen Next”

Posted: 17 Nov 2016 07:31 AM PST

The global elites have been, since 2008 at least, deliberately setting the stage for an evolving international financial crisis greater than any other seen in modern history. This crisis is a means to an end. TRUMP is the candidate the elites wanted all along…   by Brandon Smith, Alt-Market.com via SHTFPlan: Editor's Comment: Make no mistake, there […]

The post Shell Shocked by Unprecedented Election: How Trump Will Be Used for "What Will Happen Next" appeared first on Silver Doctors.

Breaking News And Best Of The Web

Posted: 17 Nov 2016 01:37 AM PST

Interest rates becoming the main story. Bond yields and mortgage rates up, emerging market bonds and stocks down. Gold and silver stabilizing, mining stocks begin to recover. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces.   Best Of The […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

Why Donald Trump Must Shut Down The Federal Reserve And Start Issuing Debt-Free Money

Posted: 16 Nov 2016 07:14 PM PST

great-seal-on-the-dollar-public-domainIf Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve.  If he just tries to patch up our current system, he will fail, because it has been fundamentally flawed from the very beginning.  A little over a century ago, very powerful forces on Wall Street convinced Congress to completely restructure our financial system.  An immensely powerful central bank known as the Federal Reserve was created, and the goal was to transform the U.S. dollar into a debt-based currency that would continuously be inflated and to create an endless debt spiral from which the federal government could never possibly escape.  Sadly, they were successful on both counts.  Since the creation of the Federal Reserve, the value of the U.S. dollar has declined by approximately 98 percent and our national debt has gotten more than 5000 times larger.

Americans tend to give most of the credit or most of the blame for the performance of the U.S. economy to our presidents, but the truth is that an unelected, unaccountable group of central bankers has far more power over our economy than anyone else does.  The Federal Reserve has become known as “the fourth branch of government“, but unlike the other branches of government we are told that the Fed’s decisions are “above politics” because they are “too important”.  Fed officials fiercely guard their “independence”, and they fiercely resist any “interference” from Congress, the President, or the American people.

Donald Trump can try to lower taxes and reduce regulations, but what he will be able to do to influence the economy pales in comparison to the immensely powerful tools that the Fed wields.  The Fed controls interest rates, the Fed controls the money supply, and the Fed regulates the banks.

To give you an idea of how enormously powerful the Fed is, I want you to pull out a dollar bill.

As you look at that dollar bill, I want you to notice that it says “Federal Reserve Note” right at the top.

In the financial world, a “note” is an instrument of debt, and the truth is that our system was designed to create as much debt as possible.

So why are we using debt-based “Federal Reserve Notes” in the first place?  Shouldn’t Congress have control over our currency?

According to Article I, Section 8 of the U.S. Constitution, it is Congress that has the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

So how did the Fed get involved?

Well, it is a very long and convoluted story, and if you are interested in the history behind it I would commend to you an excellent book by C. Edward Griffin entitled “The Creature from Jekyll Island: A Second Look at the Federal Reserve“.  Basically, big money interests on Wall Street got their hooks into the White House and Congress, and they rushed through legislation right before Christmas in 1913 that created this insidious central banking system that was designed to slowly but surely take wealth from the American people and put it into their hands.

Sadly, most Americans don’t even realize that we have a debt-based currency, nor do they understand where our money comes from.  In a previous article, I discussed how money is normally created by the Federal Reserve under our current system…

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

The Federal Reserve takes the U.S. Treasury bonds that it receives in exchange for the “Federal Reserve Notes” that it gave to the government and it auctions off those bonds to the highest bidder.  But of course this process always creates more debt than it does money…

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

But wait.

There is a problem.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

So where will the U.S. government get the money to pay that debt?

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

But that never actually happens, does it?

And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

So our debt just keeps going up and up and up.  While Barack Obama has been in the White House our national debt has risen by more than 9 trillion dollars, and at this moment it is sitting just under the 20 trillion dollar mark.

But we shouldn’t be surprised by this, because this is precisely what the Federal Reserve system was designed to do to us.

Many conservatives still hold to the mistaken illusion that we could somehow pay all of this debt back someday, but as I have shown in a previous article, this is mathematically impossible to do.

If the government went out today and grabbed every single dollar in existence we could not pay back the national debt, and of course we have trillions of dollars of household debt, trillions of dollars of corporate debt and trillions of dollars of state and local government debt that we need to pay back as well.

Under the current system our only hope is to keep the wheel spinning by continuing to devalue the dollar and by continuing to go into even greater amounts of debt.

And of course it isn’t just the United States that is in this predicament.  At this point, almost every single nation on the entire planet has a central bank.

Even though there are extremely sharp disagreements among nations on virtually everything else, somehow central banking has achieved nearly universal adoption.

As you read this article, well over 99.9% of the population of the globe lives in a country that has a central bank.

Do you think that is just a coincidence?

Of course there are still a few very small countries such as the Federated States of Micronesia that do not have a central bank, but the only big nation not to have one is North Korea.

And you would literally have to be insane to want to live in North Korea.

But now we have an opportunity to get free from this insidious system.  The truth is that we don’t have to have a central bank.  In fact, the greatest period of economic growth in U.S. history was when there was no central bank.

We don’t need central planners to set our interest rates and to manipulate our money supply.  They will never admit this, but the reality of the matter is that their interference in the economy often creates tremendous economic busts.

Since the Federal Reserve was created in 1913, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

Considering their track record, isn’t it time for a change?

And we don’t have to have a debt-based currency.  In fact, not too long ago we had a president that decided to start issuing debt-free “United States Notes”.

Back in 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue debt-free “United States Notes” which were directly created by the U.S. government.

He was assassinated shortly thereafter.

Most Americans don’t realize this, but many of the debt-free United States Notes that were issued under President Kennedy are still in circulation today, and President Trump could do something similar.

But will he?

It has been said that the borrower is the servant of the lender, and the Federal Reserve system has turned all of us into debt slaves.

Debt is a form of social control, and the global elite use all of this debt to dominate the planet.  The total amount of debt in the world just hit a brand new record high of 152 trillion dollars, and the longer we allow the central banks to control the system the bigger this debt bubble will become.

There is a way out, and here in the United States that starts with shutting down the Federal Reserve and issuing debt-free currency.  It would take someone very bold to make a move like this, and so let us hope that the man that we just elected is up to the task.

I Discuss My Gold Outlook with Palisade Radio

Posted: 16 Nov 2016 02:01 PM PST

 

In this video I discuss my medium term outlook for Gold and why I see increasing risk of a break below $1200/oz and potential double bottom early in 2017. 

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The post I Discuss My Gold Outlook with Palisade Radio appeared first on The Daily Gold.

Top Ten Videos — November 16

Posted: 15 Nov 2016 04:01 PM PST

Jim Rickards on the coming mass devaluation and financial market shutdown. Edward Snowden on our prospects for privacy. Several provocative takes on the recent election and what it means for the economy and markets. And of course gold from lots of different angles.                       

The post Top Ten Videos — November 16 appeared first on DollarCollapse.com.

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