Monday, February 27, 2017



Billion-Dollar Unicorns: Putting Flipkart's Struggles In Perspective

Posted: 27 Feb 2017 01:32 PM PST

“Pimped” Mining Stock ‘Could Go To Zero’

Posted: 27 Feb 2017 01:00 PM PST

Fund Manager Dave Kranzler Warns This Stock “Pimped By Stansberry/Casey, Martin Katusa and Rick Rule” Could Go to ZERO:   From PM Fund Manager Dave Kranzler: Many of my subscribers asked my view on Northern Dynasty (NAK), developer of the Pebble copper-gold-moly-silver deposit in the Bristol Bay are of southwest Alaska.  I figured newsletters were pumping it. […]

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Global (Economic) Warming – Alasdair Macleod

Posted: 27 Feb 2017 12:00 PM PST

A failure to understand the credit cycle: Any further fiscal and monetary expansion will begin to create …. Economic Overheating. From Alasdair Macleod: If the economy was on its uppers, Trumpenomics could be reasonably compared with Reaganomics. But that is not the case. The economy is operating close to capacity, ….any further fiscal and monetary […]

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US Mint Releases New Fort Knox “Audit Documentation” – The First Critical Observations

Posted: 27 Feb 2017 11:01 AM PST

Thanks to readers that donated to the crowdfunding campaign, I've been able to force the US Mint through a Freedom Of Information Act (FOIA) request to hand over documents related to the physical audits of the US official gold reserves stored at the Mint; also referred to as Deep Storage gold.  Although the PDF-package digitally sent to […]

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Martin Armstrong Warns Sovereign Debt Crisis Cycle Due In 2017

Posted: 27 Feb 2017 11:00 AM PST

According to cycles expert Martin Armstrong, This year 2017 will be just the beginning…   From Armstrong Economics: QUESTION: Hi Martin It's been 30 years since I first saw you speak and this year I'm taking my son to Orlando to see you for the first time. How time flies. That said why have you not talked […]

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There’s a Difference: Fake News and Junk News

Posted: 27 Feb 2017 10:00 AM PST

Junk news is like junk science- cherry-picked to support a corporate agenda- and like junk food in being digestible, but TOXIC:   By Charles Hugh Smith: Media junkies on the tragic path to extinction believe the junk news, non-junkies see through the manipulation. The mainstream media continues peddling its “fake news” narrative like a desperate […]

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Supporting Trump Could Cost You Your Job

Posted: 27 Feb 2017 09:00 AM PST

Welcome to the Fascist Sates of America…   From Michael Snyder: Many liberals that are still extremely bitter about the outcome of the election are taking out their frustrations on Trump supporters all over the country. And in some cases, employees are actually being "reassigned", fired or asked to leave their jobs if they openly […]

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Acacia Mining strikes gold in Kenya

Posted: 27 Feb 2017 07:12 AM PST

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What Gold MUST Do Now

Posted: 27 Feb 2017 07:01 AM PST

Rick Ackerman

‘Allahu Akbar’: Leftists Join Forces With Radical Muslims To Fight Trump All Across America

Posted: 27 Feb 2017 07:00 AM PST

An "unholy alliance" between anti-Trump leftists and radical Muslims is beginning to emerge all over America.   From Michael Snyder: President Trump's recent executive order that restricted immigration from seven predominantly Muslim countries is bringing a very strange mixture of people out to street protests. On the one hand you have hardcore Muslims that are […]

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Will Russia Attack the Dollar By BUYING GOLD? – Alasdair Macleod

Posted: 27 Feb 2017 05:01 AM PST

After all the difficulties from the collapse in the oil price a few years back, the Russian State's finances are in a remarkable, no-debt position. It leaves her free to attack the dollar by buying gold… From Alasdair Macleod: In early trade this morning, gold was trading at $1260, up $25 since last Friday's close. […]

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“Trump Does Not Yet Understand The Magnitude Of The Problem… It’s Going To Shock The System”

Posted: 27 Feb 2017 05:00 AM PST

Markets are not even remotely prepared for this… Trump doesn't realize that this problem he is inheriting is a thousand times greater than anything he ever imagined… this is a monster.   From Mac Slavo: Though many financial pundits make the argument that the U.S. economy is booming as a result of millions of new […]

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Gold price holds steady in preparation of Trump’s speech to Congress

Posted: 27 Feb 2017 03:03 AM PST

The gold price held firm this morning in light of preparation for Trump's speech to congress on Tuesday. Spot gold floated at $1,256 per ounce at 9.10am (GMT), with futures at similar levels of...

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Breaking News And Best Of The Web

Posted: 27 Feb 2017 01:37 AM PST

US stocks open slightly lower. Gold and silver at multi-week highs. Bitcoin near all-time high. Trump budget to increase defense, cut EPA, State. Debate over Putin and fake news continues.   Best Of The Web Contemplations for a Sunday1 (unless you can’t get around to it til Monday) – Economica Risk on/risk off face-off – […]

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U.S. Mint flunks Koos Jansens gold audit document request, refunds his fee

Posted: 27 Feb 2017 01:35 AM PST


Curious Gold-Silver Ratio That Did Not Fall, Report 26 Feb, 2017

Posted: 27 Feb 2017 01:09 AM PST

Monetary Metals


Posted: 26 Feb 2017 07:25 PM PST

As Gold & Silver Burn Higher,  Dubin & Fund Manager Dave Kranzler Reveal the Cartel’s BIGGEST FEAR:    MOMENTUM “They’re Selling the Crap Out of Miners!” Gold & Silver Roar Higher Friday As Gold Bursts Through $1250/oz, Silver Rises to $18.40...Yet Shares Lag Significantly & Are Hammered into the Close. Did A Massive Capping Effort On […]

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Retail Apocalypse Gains Momentum As David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th

Posted: 26 Feb 2017 05:36 PM PST

Retail Apocalypse 2017 - Public DomainJ.C. Penney and Family Christian Stores are the latest retail giants to announce widespread store closings. As you will see below, J.C. Penney plans to close between 130 and 140 stores, and Family Christian is closing all of their 240 stores. In recent months the stock market has been absolutely soaring, and so most people have simply assumed that the “real economy” must be doing well. But that is not the case at all. In fact, the retail apocalypse that I have been documenting for quite some time appears to be gaining momentum.

J.C. Penney is not in as rough shape as Sears is just yet, but it is definitely on a similar trajectory. In the end, they are both headed for bankruptcy. That is why it wasn’t too much of a surprise when J.C. Penney announced that they are getting rid of about 6,000 workers and closing at least 130 stores

J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers.

The company said Friday that it would shutter 13% to 14% of its locations and introduce new goods and services aimed at the shifting preferences of its customer base.

Meanwhile, many observers were quite surprised when Family Christian Stores decided to fold up shop for good. They were known as the largest Christian retailer on the entire planet, but now after 85 years they are going out of business forever

Family Christian, which bills itself as the "world’s largest retailer of Christian-themed merchandise," announced Thursday it is closing after 85 years.

The non-profit company, employing more than 3,000 people in 240 stores in 36 states, said in a brief statement that the retailer had been facing declining sales since filing for bankruptcy protection in 2015 and had no choice but to shut down.

These two announcements are part of larger trend that we have been witnessing all over the country. As I have documented previously, Macy’s announced that it would be closing 100 stores earlier this year, and about the same time Sears said that it would be closing another 150 stores.

Back in 2010, Sears had a staggering 3,555 stores.

Before their recent announcement, Sears was down to 1,503 stores, and now this latest round of cuts will leave them with somewhere around 1,350.

Of course it won’t be too long before Sears has zero stores, and my regular readers know that I have been talking about the demise of Sears for a very long time.

The cold, hard truth of the matter is that the “real economy” is a total mess, and that is one of the primary reasons why these ridiculous stock market valuations that we are seeing right now are not sustainable.

One expert that agrees with my assessment is former Reagan Administration White House Budget Director David Stockman. In a recent interview, he explained why he believes that “everything will grind to a halt” after March 15th…

Stockman, who wrote a book titled "Trumped" predicting a Trump victory in 2016, says, "I don't think there is a snowball's chance in the hot place that's going to happen. This is delusional. This is the greatest suckers' rally of all time. It is based on pure hopium and not any analysis at all as what it will take to push through a big tax cut. Donald Trump is in a trap. Today the debt is $20 trillion. It's 106% of GDP. . . .Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built in. Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He's going to do more for the veterans. He wants this big trillion dollar infrastructure program. You put all that together and it's madness. It doesn't even begin to add up, and it won't happen when you are struggling with the $10 trillion of debt that's coming down the pike and the $20 trillion that's already on the books."

Then, Stockman drops this bomb and says:

"I think what people are missing is this date, March 15th 2017. That's the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for."

In that same interview, Stockman also predicted that “markets will easily correct by 20% and probably a lot more“, and he noted the glaring disconnect between current stock prices and how the U.S. economy is actually performing

“The S&P 500 has been trading at 26 times earnings while earnings have been dropping for the past six or seven quarters. There is no booming recovery coming. There is going to be a recession and there will be no stimulus baton to bail it out. That is the new fact that neither Trump nor the Wall Street gamblers remotely understand.”

It is very difficult to argue with Stockman on this.

There are some people out there that seem to think that Donald Trump can miraculously turn the U.S. economy around just because he is Donald Trump.

It doesn’t work that way.

We are 20 trillion dollars in debt, and we are currently adding about a trillion dollars a year to that total. There is no possible way that Trump can cut taxes, increase military spending, build a border wall, spend much more on veterans and spend an extra trillion dollars on rebuilding our crumbling infrastructure.

We are flat broke as a nation and there simply is not money available to do everything that Donald Trump wants to do.

So we shall see what happens after March 15th.  Unfortunately, I happen to agree with Stockman that economic reality is about to come knocking and Trump and his supporters are about to get a very rude wake up call.

Top Ten Videos — February 27

Posted: 26 Feb 2017 04:01 PM PST

David Stockman on why everything will soon “grind to a halt.” Robert Kiyosaki on why money isn’t money any more. Ron Paul on a return to the gold standard. Peter Grandich on why stocks are “in their terminal phase.”                    

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The Worlds Cumulative Gold and Silver Production

Posted: 26 Feb 2017 03:00 PM PST

David Zurbuchen

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