Saturday, December 14, 2019

The Fed Could Be Setting Us Up for Explosive Price Inflation

from Birch Gold Group:

Until recently, Federal Reserve Chair Powell has maintained that the Fed will operate using a “symmetric 2% inflation target.”

Simply put, that means the Fed sees 2% inflation as a level that sustains economic growth without putting too much upward pressure on prices.

But it looks as though that whole idea may be set aside, at least for now, with the potential for inflation to start rising, and quickly.

Dark Money Will Push Gold Higher – Nomi Prins

by Nomi Prins, Daily Reckoning:

Even though it’s on rate-cutting hold, the Fed nonetheless keeps engaging in aggressive oversubscribed repo ops, or as we like to call the process, “QE4R.”

QE4R involves offering money to banks in return for short-term U.S. Treasury and mortgage bonds, in shades of 2009.

The fact that the Fed is expanding its balance sheet through these repo operations allows it to pretend it is merely auctioning “adjustment-based” policy moves, rather than problem-based ones, to keep rates from rising and money becoming too expensive for banks.

The Next Pearl Harbour? China’s Gold-backed Crypto Currency Will Blindside US Dollar

from 21st Century Wire:

“A date which will live in infamy.” Indeed, today marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. urn on your TV and you will see military mavens rambling on, pontificating about ‘the defense of the realm’, all the while completely aloof and unaware of the American empire’s real Achilles heel.

Recent, financial pundit and TV host Max Keiser outlined such a scenario, and warned that the US will be blind-sided the day that China introduces its gold-backed crypto currency – an absolute game changer which would create a “catastrophic trapdoor opening underneath the US economy,” said Keiser.

GERMAN INDUSTRIAL PRODUCTION COLLAPSES

by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID ORCHESTRATED BY THE CROOKS ASSOCIATED WITH A PHONY JOBS REPORT//GOLD DOWN $16.75 TO $1461.25//SILVER DOWN 42 CENTS TO $16.58// ANOTHER HUGE GOLD QUEUE JUMPING//SUPPOSED GOOD JOBS REPORT ADDED IN EXCESS OF 200,000 PEOPLE//GERMAN INDUSTRIAL PRODUCTION COLLAPSES//OPEC AGREES TO A PRODUCTION CUT OF 500,000 BARRES/ PER DAY//MORE SWAMP STORIES FOR YOU TONIGHT

Thursday Conversation – John Rubino

by Turd Ferguson, TF Metals Report:

What a pleasure to bring in John Rubino for a Thursday Conversation. You’re definitely going to want to carve out some time for this podcast.

John is a renowned author of several books as well as the publisher of the terrific website Dollar Collapse. He’s an expert in the field of sound money and precious metals so it was great to get his opinion on:

Click HERE to listen

Silver Above-Ground Stocks A Mere Fraction Of Global Assets

by Steve St. Angelo, SRSRocco Report:

The debate on the amount of above-ground silver stocks is completely meaningless when we compare it to the value of global assets.  It is also true when we compare the estimated above-ground stocks of gold versus silver.  While there may be more silver held in the world than industry analysts have forecasted, it’s still a mere fraction compared to global assets.

Recently, Jan Nieuwenhuijs of Voima Gold, formerly known as “Koos Jansen” at Bullionstar, wrote an article titled, “How Much Silver Is Above Ground?” I had several followers email me this article and asked my opinion.  So, I thought it best to put out my own commentary to set the record straight.

Fiat’s failings, gold and blockchains

by Alasdair Macleod, GoldMoney:

The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail.

In addition to the monetary and debt inflation since the Lehman crisis, it is highly likely the major international currencies will suffer a catastrophic loss of purchasing power from a new round of monetary expansion, calling for a replacement of today’s fiat currency system with something more stable. The ultimate solution, unlikely to be adopted, is to reinstate gold as circulating money, and how gold works as money is outlined in this article.

SELL THE NASDAQ AND BUY GOLD

by Egon Von Greyerz, Gold Switzerland:

In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are always revealed as in the end they always fail.

Still, in modern times August 15th 1971 was a monumental day. That day was not the end of the financial system, and not even the beginning of the end. But it was perhaps the end of the beginning. Historians will recognise this paraphrasing of Churchill after the Allies’ El Alamein victory in 1942.

THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY

by Harvey Organ, Harvey Organ Blog:

GOLD UP $3.60 TO $1478.00//SILVER UP 14 CENTS TO $17.00//ANOTHER STRONG QUEUE JUMPING IN GOLD//FRANCE PARALYZED TODAY//HUGE NUMBER OF SWAMP STORIES FOR YOU TONIGHT

GOLD:$1478.00 UP $3.60    (COMEX TO COMEX CLOSING)

Silver:$17.00 UP 14 CENTS  (COMEX TO COMEX CLOSING) :