from McAlvany Financial:
The Chair Of The Federal Reserve Just Used The Term “Slowdown” To Describe What Is Happening To The U.S. Economy
by Michael Snyder, The Economic Collapse Blog:
Now even the Federal Reserve is publicly admitting that the U.S. economy is slowing down. And that is quite remarkable, because usually the Federal Reserve is extremely hesitant to say that an economic slowdown is taking place. As I pointed out the other day, in 2008 former Fed Chair Ben Bernanke kept insisting that a recession was not coming, but we found out later that a recession had already begun when he was making those statements. Normally the Federal Reserve tries very hard to paint a rosy picture of our economic future, and one of the big reasons for that is because they want us to believe that they are doing a good job and that they have everything under control. So it was quite stunning to hear Fed Chair Jerome Powell use the term “slowdown” to describe what is coming for the U.S. economy on Wednesday…
Is the World Really Running Out of Mineable Gold?
by Peter Schiff, Schiff Gold:
Is the world really running out of gold?
According to a report in Deutsche Welle, it just might be.
Over the last couple of years, several prominent gold mining executives have warned we have found most of the world’s minable gold. For instance, last year, Goldcorp chairman Ian Telfer said, “We’re right at peak gold here.” And during the Denver Gold Forum in September 2017, World Gold Council chairman Randall Oliphant said he thought the world may have already reached that point. Franco-Nevada chairman Pierre Lassonde has also indicated he expects a significant dip in gold production in the coming years.
US-Based Citigroup to Sell Venezuelan Gold in Another Blow to Maduro – Reports
from Sputnik News:
The report comes shortly after the United States imposed sanctions on Venezuela’s state-run gold producer, Minerven, describing the trade in the precious metal as being vital to embattled President Nicolas Maduro’s ability to maintain loyalty among the military.
Citigroup Inc. is planning to sell several tonnes of gold placed as collateral by Venezuela’s Central Bank on a $1.6 billion loan after missing an 11 March deadline to buy back the yellow metal, Reuters reported, citing four sources with knowledge of the matter.
ONLY GOLD STANDS AGAINST THE FINAL CATASTROPHE
by Egon Von Greyerz, Gold Switzerland:
Have the Ides of March been delayed in 2019? Normally the Ides of March just means the date March 15th. Shakespeare made the expression ominous as it was the day that Julius Caesar was murdered. Today in 2019, the 29th of March seems more significant than the 15th. Because on the 29th, we first have the conclusion of Brexit. Or maybe we don’t! Brexit has been a tortuous process that after 3 years has got nowhere. All it has done is to reveal the EU elite’s megalomania as well as their intransigence. It has also revealed the complete incompetence of the UK government as well as Mrs May’s total indecisiveness and her inability to distinguish between activity and achievement.
Asset Bubbles and the Economy Are Now One
by Michael Pento, Market Oracle:
After this latest round of a deflationary recession/depression consummates, global central banks and governments will engage in an epoch battle to re-inflate asset prices such as never before contemplated. Indeed, they are laying the framework for that assault right now.
Global central banks took interest rates to the zero percent range a decade ago and, for the most part, they remain there today. These confetti pushers printed $15 trillion dollars in order to push rates into history’s basement. Such an enterprise in counterfeiting has never been attempted before outside of a banana republic.
Stewart Thomson: Gold – Central Bank Sentiment Is Rock Solid
from Silver Doctors:
Stewart says it’s a clear win-win situation for gold bugs around the world. Here’s why…
by Stewart Thomson of Graceland Updates
March 19, 2019
- The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.
- If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly.
IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years
by Steve St. Angelo, SRSRocco Report:
With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018. While many reasons can be attributed to the decline, the main factors are falling ore grades and mine economics.
Unfortunately, there just aren’t too many economic silver deposits in the United States, especially with the high level of environmental and governmental regulations. Instead of dealing with all the bureaucracy, companies are looking to Mexico and South America to open new silver projects.
Social Security “Tipping Point” Could Be Arriving Faster Thanks to Congress
from Birch Gold Group:
The Social Security system is expected to have enormous financial pressures placed on its back for the next two decades.
If nothing is done, in 2034 the clock will be ticking for this and other entitlement programs like Medicare.
But a “tipping point” may be coming faster than most people think. Former Fed Chair Alan Greenspan had a prescription to offer in a recent Newsmax piece. There’s his “easier said than done” part:
