Monday, August 3, 2020

Deutsche Bank could spell economic and financial chaos. Could this be why Germany has repatriated 583 tons of Gold?

by Tom Lewis, Gold Telegraph:

Before declaring bankruptcy, Lehman Bros. had $639 billion in assets. It was thought to be too big to fail. Currently, Deutsche Bank has almost triple those assets, $1.7 trillion, but its future is in question. The bank’s net income plummeted by 80 percent from its 2017 level. The Federal Reserve has labeled Deutsche Bank’s US operation as troubled. And that might be an understatement.

The growing problems at Deutsche Bank, combined with unprecedented global debts, could spell economic and financial chaos. Deutsche Bank is only one of the major banks in trouble. Others are nipping at its heels.

​Booming Stocks, Booming Home Prices, Booming Risk of Collapse – Nathan McDonald ( 22/06/2018)

by Nathan McDonald, Sprott Money:

The American Dream of home ownership is once again on its death bed.

Home prices have dramatically increased in price, rising from their 2012 lows by a stunning 75%, with the average median home price now resting at $245,000!

This is up 4.5% over the last year alone, which means prices are increasing and increasing fast.

This has made home ownership essentially unaffordable for many millennial’s who are looking to purchase their first home. This is causing more and more to either return home and live with their parents, or asking them for assistance in purchasing their home.

With Sentiment In The Gutter, Will Gold Stage A Rally?

by Dave Kranzler, Investment Research Dynamics:

A week ago Friday, the metals got clocked hard. It was a drive-by “paper gold” shooting on the Comex which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero. On Tuesday it dropped to negative 2.7. The HGNSI is an index that measures newsletters which make trading recommendations on mining stocks. A negative reading means, overall, the newsletters are net short in terms of position recommendations. Zero and negative readings are typically highly correlated with bottoms.

Despite Trump’s Tariff Threat, Automakers Double Down on Mexican Production

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by Wolf Richter, Wolf Street:


Addicted to cheap labor, Corporate America is not playing along.

President Trump’s threat of imposing 20% tariffs, or earlier 25% tariffs, on foreign produced cars has failed to dull the allure of Mexico’s maquiladorasfor global manufacturers looking to cash in on the country’s cheap labor. Mexican car manufacturers produced a record 1.6 million vehicles in the first five months of 2018, up by 10,000 from the same period of 2017.

Avoid these 5 deadly mistakes that even experienced preppers make

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by Zoey Sky, Natural News:

When it comes to prepping, it’s important to strike a balance between being disciplined enough to create a plan and being able to improvise when the situation calls for it.

However, throughout the years some survivalists have lost sight of what prepping truly means. Instead of welcoming beginners, some experienced preppers tend to judge them for having different opinions.

The Final Assault in the War on Cash

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by Dan Denning, Bonner and Partners:

Before I show you what I’ve learned about a plan to seize control of America’s money, let me make one point clear…

If you value sound money and political freedom… if you value limited government and taxation with representation… and if you value enterprise and privacy… then you’re going to hate the future I’m about to describe.

There is no philosophical or monetary middle ground on the issue.

You’re either with it or against it.

S&P, Crude and Gold – Ten Year Estimates

by Chris Marcus, Miles Franklin:

Borrow and spend! Debt and bubbles. Happy days are here again.

Maybe not.

Unpleasant consequences will result from imploding bubbles in corporate debt, housing, student loans, stock markets, sovereign debt, cryptocurrencies and others.

Official U.S. Federal government national debt exceeds $21 trillion and has doubled every 8 to 9 years for decades.