Wednesday, September 26, 2018

Lessons from Lehman’s Collapse 10 Years After Failing

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by Michael Pento, Market Oracle:

Global financial services firm Lehman Brother’s stock was in free-fall during the first week of September 2008. After making huge bets in the mortgage securities space, Lehman’s President Dick Fuld feared bankruptcy and frantically sought out a buyer. The company was hopeful to strike a weekend deal with either Barclays PLC or Bank of America.

Nevertheless, Lehman’s outsized investments in the mortgage market ultimately proved them too risky a partner for anyone; and the giant investment bank went belly-up on September 15th. Prior to this event, Lehman had reported record earnings every year from 2005 to 2007. The Street believed the company to be infallible. Analysts held on to hope until the bitter end. Their mantra went something like this, “nothing to see here, this is a small correction in a small section of the housing market that has little effect on the overall economy.”

1/3 of American Households CAN’T Pay Their Bills! When Mortgage Rates Rise, WATCH OUT!

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from The Money GPS:

https://www.youtube.com/watch?v=WiRTgBiV0WQ

Wow! Silver, Cryptos & a Road to Roota UPDATE! (Bix Weir)

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from RoadtoRoota:

https://www.youtube.com/watch?v=FqBg2-q9z9Y

Professional Wrestling and the Media

by Doug Casey, International Man:

As a boy, I was quite non-violent, but I confess to having been fascinated with professional wrestling. For one hour, every Saturday morning, I’d watch Yukon Eric, Haystack Calhoun and Killer Kowalski attack each other in the ring in what was called, “professional wrestling.”

Of course, even as a boy, it was evident that it was a sham. Some wrestlers played the role of angry bullies; others were practically cartoon characters. The threats each made to the other before the match, the silly outfits, the absurd holds and body slams – it was clearly phony.

GOLD UP $3.20 TO $1200.00/SILVER DOWN ONCE CENT TO $14.30

by Harvey Organ, Harvey Organ Blog:

RUSSIA INCREASES ITS RESERVES BY 31.1 TONNES (20 TONNES FROM THEIR OWN PRODUCTION AND 11 TONNES OF IMPORTED GOLD/SINGAPORE ADDS 12 TONNES AND SURPRISINGLY THAILAND ADDS A HUGE 21 TONNES OF GOLD: GOLD IS DEFINITELY MOVING FROM EAST TO WEST!!/ CHINA REFUSES TO TALK TO THE USA AS THEY CANCEL THEIR NEXT MEETING..THEY WILL NOT NEGOTIATE UNDER THE THREAT OF SANCTIONS AND THE TRADE WAR/BIG STORY: DRAGHI ANNOUNCES THAT INFLATION IN THE EU AREA IS “VIGOROUS” AND THAT WILL SET THE STAGE FOR THE ECB TO RAISE RATES AND PIERCE THE DEBT BALLOON/THERESA MAY AND HER PARTY IN TURMOIL AS HER BREXIT PLAN HAS FEW TAKERS/MEGA STORIES ON THE ROSENSTEIN SITUATION AND ON THE KAVANAUGH NOMINATION!!/PLUS OTHER SWAMP STORIES

It’s The Invisible Bull Market, Says McEwen

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from Kitco NEWS:

https://www.youtube.com/watch?v=xfWhvU8WRk4

End Of The Global Real Estate Boom – Australia Braces For Impact

from GoldSilver (w/ Mike Maloney):

https://www.youtube.com/watch?v=5ePmC87aiaw

Why Are Wages So Low? Keith Weiner (24/09/2018)

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by Keith Weiner, Sprott Money:

Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with the English language).

So it is with wry amusement that, this week, Keith heard an ad for an exclusive-to-Pandora series. The symptoms of falling-interest-disease are ubiquitous.

$1,100 Silver 22x US Debt Since 1980

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from TruthNeverTold:

https://www.youtube.com/watch?v=d9Bjed4v3Xs

New Tax Plan Makes It Easier to ‘Ed-exit’

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by Ron Paul, Ron Paul Institute:

This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to bring them to the floor.

The GOP tax plan does offset some of the damage caused by federal control of education by making it easier for parents to escape failing government schools or “edexit.” It accomplishes this by allowing money saved in a tax-free 529 education savings account to be used for homeschooling expenses.

Income Rises at 1.8%, While Inflation Clocks In At 2.8%?!

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by Chris Marcus, Miles Franklin:

One of the primary reasons why I left Wall Street in 2012 was because I had started to notice the difference between what gets reported to the public, and what I actually saw going on in the markets.

Certainly as the years have passed, there is a growing awareness, especially by those in the precious metals community, that often the mainstream media does not always give the most accurate assessment of the environment.

The latest example being the comparison between the increase in household income and the increase in the price of goods that people actually buy.

DESPERATE Deutsche Bank To MERGE With Commerzbank? – Bank Tries To Avoid CRASH

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from World Alternative Media:

https://www.youtube.com/watch?v=-YA2g2eCKPQ

Some Mainstream Bullishness for Gold

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by Peter Schiff, Schiff Gold:

Some people out there in the mainstream are saying now is the time to buy gold.

In recent months, the mainstream investment world has by and large either ignored the yellow metal or outright spurned it. After all, stocks are soaring. The economy is doing “great.” There’s nothing to worry about — at least that’s the mantra. But we’re starting to see a little bullishness for gold out there in the mainstream.

In an article published last week, Barron’s proclaimed, “Gold is cheap. Inflation is coming. You do the math.