RSSCategory: Category: Economy

Our Freedom Is Endangered

| February 25, 2015 | Category: Economy
Our Freedom Is Endangered

Liberty is a fundamental human right and the cornerstone of our existence. But in our current world, liberty is being attacked from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. Those that value and actively promote the ideals of freedom and liberty are few in such an enclosing environment. In the following article, Claudio Grass, Managing Director at Global Gold Switzerland, ventures into a discussion with one of the vanguards of liberty, former President of the Czech Republic, Prof. Ing. Václav Klaus.

Continue Reading

Coming Boom, Bust And Bottom In Stocks, Crude Oil, Silver

| February 2, 2015 | Category: Economy
Coming Boom, Bust And Bottom In Stocks, Crude Oil, Silver

Exponentially increasing systems cannot last forever. Our problem is that the global financial system is based on exponentially increasing debt, energy usage, population, and exploitation of natural resources. This appears to work nicely, especially for the financial and political elite, in the early years of the exponential increases. However, we are approaching the inevitable end of the exponential increases – perhaps not in a few months – but our systems probably will not last another decade. In the meantime, the plan seems to be “Party On!”

Continue Reading

Hiding Economic Misery and Distracting the Masses with Entertainment

| January 27, 2015 | Category: Economy
Hiding Economic Misery and Distracting the Masses with Entertainment

Government employment statistics distort the true human misery of 102 million out of work – 43 million men and 59 million women over age 16 – who cannot provide for themselves or their families without assistance. Among those who have work, a recent government survey found 57% of all Americans have less than $500 in savings, with 62% living paycheck to paycheck. To keep me calm about these modern evils, I’m invited to mingle with a cheering crowd. The tricky part is convincing me my opinion actually matters, just as citizens in Roman coliseums were invited to recommend thumbs up or thumbs down. They have found for me the perfect circus.

Continue Reading

Debt Crisis Worsens: Syriza Wins Greek Elections, ECB Prints More Money, Gold More Valuable

| January 25, 2015 | Category: Economy
Debt Crisis Worsens: Syriza Wins Greek Elections, ECB Prints More Money, Gold More Valuable

The results of the Greek elections and the ECB’s monetary bazooka are all symptoms of the same underlying problem. Debt is not only destroying the value of a currency, but is also destroying values of a population. Governments have not been “managing” the effects when they acquired the loans, but one way or another they feel the need to “manage” the destructive effects when it becomes payback time. And what is the answer? Simple, creating even more debts and devaluing currencies even further. When one country does this in some sort of hypothecial vaccuum, it could theoretically work. But it does not work at all when all regions worldwide are implementing the same policies, simultaneously. The middle and lower class of society are the ultimate victims.

Continue Reading

Markets Gone Wild And Turmoil in Europe But Silver Demand Strong

| January 14, 2015 | Category: Economy
Markets Gone Wild And Turmoil in Europe But Silver Demand Strong

The dollar rallied from .85 to .92 today (January 14th) as the 10 year bond yield went from 2.62% in September to 1.83% today. Gold is recovering from its early November lows at $1,140 as it almost touched $1,250 this week. Andrew Hoffman comments on ongoing market activity in his latest video blog and the meaning of the extreme readings in crude oil, bond yields, the dollar and equities. He also looks at Europe and the industrial vs investment demand in silver.

Continue Reading

Deflation and Central Bank Delusions

| January 12, 2015 | Category: Economy
Deflation and Central Bank Delusions

I expect that central banks will not voluntarily self-destruct by allowing a deflationary depression, that politicians will demand more QE to keep the system afloat, and that central banks will decide that rapidly rising gold and silver prices are a small price to pay in exchange for the continuance of the system that keeps the political and financial elite both wealthy and powerful.

Continue Reading

Steen Jakobsen: Things Are About To Take A Different Turn In 2015

| January 7, 2015 | Category: Economy
Steen Jakobsen: Things Are About To Take A Different Turn In 2015

Jakobsen argues that in the current economic environment that what a metals trader needs to focus on is deflation. When deflation bottoms out, which is something likely to happen during Q1 of 2015, it will be the biggest buy signal for metals. Jakobsen’s base scenario is that Q1 and Q2 will become the worst part of the business cycle with the lowest inflation expectation, the lowest growth, the lowest ability to do anything and increasing volatility at the same time. But he believes that as this low energy, as these low interest rates and as the terms of trade for Europe improve, we will see a better second half than we’ll see a first half.

Continue Reading

Japan Is Writing History As A Prime Boom And Bust Case

| December 30, 2014 | Category: Economy
Japan Is Writing History As A Prime Boom And Bust Case

Given the data points discussed in this article, it is fair to say that Japan is on track for a devastating bust at some point in the future. The unknown factor is timing. When the inevitable will take place is anyone’s guess. The fate of countries like Japan is really in the hands of central bankers. However, central planners are not able to manipulate markets infinitely. At a certain point, something has to give. That is when the markets will give up and disbelief will replace trust. Readers should remember that in such a bust scenario, people flee down the Golden Pyramid of asset classes to their safe haven, being gold.

Continue Reading

The Price Of Gold And The Art Of War

| December 18, 2014 | Category: Economy
The Price Of Gold And The Art Of War

When growth slows in capital markets, the bankers’ daisy-chain of credit and debt breaks down; setting in motion defaulting debt which ends in recession, deflation or, in extreme cases, a deflationary depression. A deflationary depression is a fatal monetary phenomena where the velocity of money—circulating credit and debt—falls so low capital markets are no longer self-sustaining. This happens after the collapse of massive speculative bubbles such as the collapse of the 1929 US stock market bubble which resulted in the world’s first deflationary depression, the Great Depression of the 1930s.

Continue Reading

All Debts Will Eventually Be Extinguished

| December 15, 2014 | Category: Economy
All Debts Will Eventually Be Extinguished

Under today’s paper monetary system, debts and other financial obligations are never extinguished. They are merely passed from one person to another and eventually become an obligation of the government or its central bank. In the U.S. all debts become obligations of the U.S. government as federal reserve notes are by law obligations of the U.S. government. Since the Bank of England is a department of the British government, its bank notes are obligations of the British government. Nevertheless, these debts will eventually be extinguished.

Continue Reading

Why Debt, Default, and Taxes Are Destructive In The Long Run

| December 8, 2014 | Category: Economy
Why Debt, Default, and Taxes Are Destructive In The Long Run

The official US National Debt is about $18,000,000,000,000, or 57 times the current market price of the US gold SUPPOSEDLY stored at Fort Knox, the NY Fed, and elsewhere. With so much paper in the system it is easy to see why the Fed publicly denigrates gold. In the single year from Sept. 30, 2013 to Sept. 30, 2014, the US official national debt increased by over three times the value of all the gold that the US supposedly owns. The total debt and the increase in that debt is clearly “a problem.”

Continue Reading

Four Horsemen of the Apocalypse or the New Dawn

| November 19, 2014 | Category: Economy
Four Horsemen of the Apocalypse  or the New Dawn

Figuratively speaking, the Four Horsemen are trashing our world. In opposition to the Four Horsemen are the Four Rays of the New Dawn. Gold and silver will continue to be hated and denigrated by western central banks and governments. Asian governments, central banks and individuals will continue to love and accumulate gold and silver. Ask yourself why Asians want gold and Wall Street wants paper.

Continue Reading

Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

| November 8, 2014 | Category: Economy
Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

If some of the strongest known fundamental demand for gold and silver has had no effect on price, the question has to be, why not? The simple and only answer is the elite’s protecting its Ponzi fiat scheme, for they can never allow gold and silver to be considered as an alternative to their fiat paper issue. All they can do is what they have been doing for over 100 years, manipulate gold and silver, crushing them as viable alternatives to the “dollar” [more accurately, Federal Reserve Note], and the Euro dollar.

Continue Reading

Ron Paul: Watch Out When People Start To Distrust Our Money

| November 6, 2014 | Category: Economy
Ron Paul: Watch Out When People Start To Distrust Our Money

Ron Paul says in an interview with Global Gold: If people don’t trust us or our money anymore, we will have to tighten our belts. Once the trust is lost, the more money you print, the less the trust is going to be. Right now, they have no other place to go. They could go and beg Europe to print Euros, but they trust the dollar more. As long as they keep doing that, these insane policies will continue. I think that governments need to fold, they need to be blamed for what they are doing. Central banks need to be able to defend hard asset money, gold and silver, because it works. And yet, right now, there’s just a few of us who believe that, but I think the day will come where people will realize the truth. We have been through similar situations before.

Continue Reading