Saturday, October 19, 2019

Negative-Yield Bonds Are Back In Style. Why That’s A Bad Thing

by John Rubino, Dollar Collapse:

Yet the practice of stashing wealth in places where it yields nothing (and maybe even costs a bit for storage) is more common than you might think. Chinese, Russians, and Brazilians, for instance, buy US and Canadian condos and leave them empty as a way of moving their money beyond the reach of their rapacious governments. The taxes and condo fees produce a negative return, but most of the original investment will be there when needed. Other people store gold and silver in overseas vaults, paying 1% or so each year in fees. As the saying goes, such people are more concerned with return of capital than return on capital.

Is China Hoarding Food, Gold And Other Commodities In Anticipation Of A Global Collapse?

by Michael Snyder, End Of The American Dream:

Does China believe that we are on the verge of a major global crisis?  The communist Chinese government has always been very big into planning, and it appears that they have decided that now is the time to hoard food, gold and other commodities.  Of course in recent days the fact that China is completely cutting off U.S. agricultural imports has made headlines all over the globe, but at the same time China is dramatically increasing the amount of food that it is importing from the rest of the world.  The end result is actually a substantial surge in Chinese imports, and this is starting to show up in the official numbers.  For example, we just learned that Chinese soybean imports in July were actually up 8 percent compared to last year…

Jim Cook Interviews Ted Butler: The case for a silver price explosion has never been stronger

by Theodore Butler, Silver Seek:

Jim Cook, Investment Rarities interviews Ted Butler

Q: For a number of years, you have been insisting that silver would experience dramatic price gains. Any change in your thinking these days?

A: Not only has there been no change in my thinking, the case for a silver price explosion has never been stronger.

Q: In what way?

A: Well for starters, there is now more buying power in the world and less silver than ever. Every asset class has risen to all-time highs, while silver has gotten cheaper. The slightest switch from more expensive assets to dirt cheap silver will light a rocket under the price of silver.

How to Survive an Earthquake (and Its Aftermath)

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by Daisy Luther, The Organic Prepper:

If you were caught up in the midst of a massive earthquake – the kind that takes down buildings and buckles roads – would you know what to do?

I’m not talking about a minor temblor that shakes a glass off the counter and sends it to shatter on the floor.

I’m talking about The Big One. The one for which we are long overdue. The one that experts are predicting could happen at any moment.

IMF Recommends “DEEP” Negative Interest Rates as the Next Tool

by Martin Armstrong, Armstrong Economics:

The IMF has continued to assume that the zero-bound on interest rates can be a serious obstacle for fighting recessions on the part of the central banks. The IMF maintains that the zero-bound is not a law of nature; it is a policy choice. The latest in the IMF papers argue that tools are available to allow central banks to create deep negative rates whenever needed to reverse recessions. They claim that maintaining the power of monetary policy in the future to end recessions within a short time will require deep negative interest rates.

Fed Sheds $38 Billion in Treasuries and MBS in June, Dumps MBS at Record Pace, Exceeding “Cap” for First Time

by Wolf Richter, Wolf Street:

Where is the Fed’s “U-Turn” that Wall Street promised us?

In June, the Fed shed Treasury securities at the slower pace announced in its new plan for QT, but it dumped Mortgage Backed Securities (MBS) at the fastest rate since the QE unwind started, breaching its “up to” cap for the first time. And it is experimenting with the opposite of its QE-era “Operation Twist” – Operation Untwist?

CONTRARIAN INDICATOR RED ALERT: Market Manipulation Denier Peter Brandt Declares Silver Dead, Calls Investors & Sound Money Advocates “Fools”

from Silver Doctors:

The market “wizard” and influential trader turned crypto pumper has just declared silver dead. The riggers MUST BE DESPERATE for physical. Here’s why…

Yes.

Oh my.

Connectin’ dots.

An all-out freakin’ assault!

A scramble to get real physical.

Bullion Banks’ Manipulation Schemes Put Taxpayers at Risk

by Clint Siegner, Money Metals:

Gold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have.

There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures) in possession of the nation’s banks.

Other major Wall Street banks, including Goldman Sachs and Bank of America, are barely even in the game.