Tuesday, 5 May 2015

Rob Kirby - Debt Problem Destroying Society


Jason Burack of Wall St for Main St had on returning guest, derivatives expert, precious metals expert, former Canadian broker, investment banker and trader, Rob Kirby of Kirby Analytics http://www.kirbyanalytics.com/

During this 40+ minute interview, Jason asks Rob about what's going on in the gold market. Rob says all the physical gold is moving from West to East (China, India, Russia, Middle East, Asia, etc) while the paper price of gold doesn't reflect the supply/demand fundamentals.

Rob thinks in the near future Western central banks will run out of gold to sell to Asia. Jason and Rob discuss what happens to the gold and silver markets if a lot of gold and silver miners go bust and what that would do to supply.

Next, Jason asks Rob about why the OTC derivatives market hasn't collapsed yet. Rob points to stealth money printing in many forms including currency swaps, by covert groups like the Exchange Stabilization Fund (ESF), Bank of International Settlements, etc to keep asset prices in stocks, bonds and real estate propped up and to make banks appear solvent with fake accounting.

Rob says many trillions in backdoor bailouts has been printed to prevent the ~$800 trillion or so in interest rate swap contracts in the OTC derivatives market from collapsing everything.

Jason and Rob discuss end game for the current global financial system and what the next system may look like.

Finally, to wrap up the interview, Jason asks Rob if debt and debt based fiat currencies can destroy society and destroy the fabric of society with moral decay.

Rob and Jason think a debt based system creates serfs.


Saturday, 2 May 2015

Martin Armstrong - Gold Set To Rise To $5000


Renowned financial analyst Martin Armstrong says you can forget about the U.S. dollar crashing in value. Armstrong contends, “No, that’s absurd. The euro is in terrible shape. The yen is in terrible shape, and honestly, you can’t park money in yuan or Russian rubles, yet. I mean, let’s be realistic here, but eventually--yes.”

Armstrong says the bond market is a different story as the Fed is going to be forced to raise rates. He contends just a few percentage points in rising rates are going to cause big losses and big changes. Armstrong predicts, “People will be losing huge money. We are looking at a few percentage points, and you are going to blow the national debts of all these countries way out of whack, and that’s what’s going to force political change.”


Saturday, 11 April 2015

GERALD CELENTE: The Republicans & Democrats Are Thieves & Murderers


Our favorite economic and trends analyst in the world, Gerald Celente from the Trends Journal returns to SGT Report to discuss the current state of affairs in the United States and beyond. SGT Report contributor Mark S. Mann also joins in on the conversation.

As for our elected "representatives", the Republicans and Democrats, Gerald says, "They're murderers and thieves. They murder millions of people in the name of bringing 'freedom and democracy' to a country near you, and steal our money in the name of too big to fail bailouts, loan guarantees, special tax breaks and other dirty deals - and the people KNOW IT."

As we dive deeper into the interview, Mark asks Gerald about Benjamin Netanyahu's recent speech in front of the US Congress and the $6 BILLION in "aid" the US government gives to Israel annually, Gerald explains that Israel is a nuclear power and an apartheid state - and sounding a lot like Dr. Ron Paul, Celente explains, "I'm against giving money to Israel as I am against giving it to any other country. This country is rotting in front of us. The infrastructure stinks. The country's going downhill. I don't want my money going to Israel, to Italy, to Ireland, I don't want it going any where. And when you talk about Israel, the people try to attack you with this cheap BS line of 'anti-Semitism,'. Let's get this straight: Israel's a country, it's not a religion."

Buckle up as we spend the next half-hour with the number one trend's forecaster in the world.

- Source, SGT Report

Tuesday, 7 April 2015

CENTRAL BANKS LOSING CONTROL: Are The Seeds Of A Global Depression Sprouting?

If the “markets” are rigged and economies divorced from true market valuations, then what (if anything) could trigger a recoupling of reality to the record setting flashing numbers presently offered by the “market” facade?

My best guess is decelerating global credit and debt creation (and a rotation from private to government debt creation) is the harbinger progressively pushing the financial rigging to its ludicrous conclusion. 

The rigging isn’t likely to stop, but the loss of belief and confidence in these numbers (along with economic mismanagement based on these faulty signals) is soon to force market resets and revaluations of everything.

This will culminate in a global depression of unknown duration and depths until balance is restored.

- Read the full post on the Silver Doctors, here.

Thursday, 2 April 2015

The Doc: Professionals Still Buying Precious Metals


Jason Burack of Wall St for Main St had on returning guest 'Doc' from the popular precious metals news website Silver Doctors and owner of SD Bullion.

During this 35+ minute interview, Jason asks Doc about the sentiment for gold and silver in the West since he deals with customers who buy physical gold and silver.

Doc thinks sentiment levels are worse in the US and the Western world than in 2008. He thinks Wall St, investment banks, governments and central banks have tried to intentionally manipulate sentiment, but that many professional investors are still accumulating physical precious metals every month or on dips.

Jason and Doc discuss Ted Butler's theory on JP Morgan owning over 40 million oz of physical precious metals, whether silver miners are in trouble financially, if pure deflation will be allowed for how long and how well gold performs during deflation.

Jason and Doc also discuss if China will update its physical gold holdings in 2015.


Saturday, 14 March 2015

The Chinese have put out billboard ads announcing the renminbi as the new world currency


When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me.

The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”

Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.

It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.

And it’s true. The renminbi’s importance in global trade and as a reserve currency is increasing exponentially, with renminbi trading hubs popping up all over the world, from Singapore to London to Luxembourg to Frankfurt to Toronto.

Multinational companies such as McDonald’s are now issuing bonds in renminbi, and even sovereign governments are issuing debt denominated in renminbi, including the UK.

Almost every major global player out there, be it governments or major multinationals, is positioning itself for the renminbi to become the dominant reserve currency.

But here’s the thing. Nothing goes up and down in a straight line. And China is in deep trouble right now. The economy is slowing down and the enormous debt bubble is starting to burst.

A lot of people, including the richest man in Asia, are starting to move their money out of the country.

So while the long-term trend is pretty clear – China becoming the dominant economic and financial superpower – the short-term is going to look incredibly rocky.

- Source, Sovereign Man

Sunday, 8 March 2015

ECB Will Cut Rates To Minus 3%: JP Morgan

A running theme here over the past several weeks has been that the ECB’s €1.1 trillion foray into quantitative easing will be severely hindered by a laundry list of constraints (some of which were unwittingly self-imposed). Another topic we’ve covered exhaustively is the idea that the world’s central banks will likely all, in relatively short order, run up against thenatural limits of accommodative monetary policy (indeed, even some Japanese policy makers are starting to agree on this).

Thinking about these two things in conjunction raises an interesting question for the ECB: if a tail event comes rearing its ugly head and the global central bank race to the bottom accelerates, will Mario Draghi, effectively fighting with one hand tied behind his back by virtue of Q€’s limitations, be able to fend off an outright collapse?

Here’s FT with more:
...the ECB is now close to running out of ammunition. The true constraints on further ECB intervention lie in the 25 per cent issue limit and 33 per cent issuer limit on its sovereign bond purchases.

Except for Greek debt, the 25 per cent and 33 per cent caps should not prove binding in a scenario where the ECB keeps its monthly asset purchase pace of €60bn.However, the limits could be reached in worst-case scenarios where the ECB would have to boost the size of its QE programme or implement OMTs targeted on specific sovereigns.

The first type of worst-case scenario would be a new global deflationary shock. It might be triggered by faltering US growth or a sharper-than-expected slowdown in China. The consequence would be fiercer currency wars with balance sheet expansion races among central banks.

In this competition, the ECB would be handicapped: it would not have much room to significantly increase the size of its bond purchase programme. For instance, if monthly purchases had to be raised to €100bn, the 25 per cent issue limit would be reached after only eight months in the case of German government debt.

Given the narrow size of the eurozone corporate bond market, any substantial further expansion of the asset purchase programme would then have to include equities. But this could prove controversial within the ECB governing council.

- Source, Zero Hedge, read more here

Thursday, 5 March 2015

Euro Slides, Futures Flat Ahead Of Mario Draghi's Press Conference And Q€ Cheat Sheet

It has been a while since we have seen the USDJPY rampathon push US equities higher, so in a day dominated by central banks (first the BOE momentarily), and then the ECB's much anticipated announcement of the actual QE launch at the Draghi press conference at 1:30pm CET (taking place, ironically enough, in the place that was the blueprint for the Eurozone's capital controls, Cyprus), it only makes sense that after weeks of stage fright, the USDJPY algos reminded the world they are alive and well, and proceeded to ramp the key FX pair above 120, even though the currency that everyone will be talking about today is the Euro, hugging 1.10 as of this moment, but the real question is what happens after Draghi gives the asset buying green light: has all of Q€ been priced in already in FX, and will the EURUSD resume its surge higher, or is parity next stop?

- Source, Zero Hedge, read more here

Monday, 9 February 2015

We Ignore Unintended Consequences At Our Peril


I see a lot of similar unintended consequences in the strategies that the Federal Reserve and its central banking brethren have been pursuing over much of the past decade.

The global financial system wants to correct via natural market forces, due to slower economic growth and excessive debt levels around the world. But the central banks have decided to thwart nature by intervening to prop up insolvent institutions and reduce the cost of debt, all in hopes of buying enough time for the system to grow out of its woes.

But nearly 7 years after the 2008 crisis and $Trillions upon $Trillions in stimulus, where are we? With moribund economic growth and an ever bigger wealth gap than ever before, as this recent video explains.

- Source, Peak Prosperity

Saturday, 20 December 2014

James Turk On Gold And Silver Manipulation And The Dollar


James Turk of GoldMoney.com says, “COMEX is just a side show. It’s just a paper market. The action is taking place over here in London. You are seeing this huge backwardation. If you want to put a big order in, say $50 million for physical metal, you can’t get that metal tomorrow. You are going to have to wait for a while before you can get that metal. That’s sign to me that gold is cheap. The same thing is happening in silver. As a result of that, you are going to see much higher prices as we move to the end of the year.” Turk goes on to add, “We’ve seen the slow burn in the dollar. You have these blips up and down and, right now, we are having this momentary blip of dollar strength, but eventually, it will go over the edge of the cliff. That is, ultimately, what happens when a currency collapses. Eventually, people realize the currency no longer makes sense.”

- Source, USA Watchdog

Buy Canadian Maple Leafs Official Dealer of Gold/Silver Coin Fast S&H - Easy Pay for Bullion, Silver Gold Bull.

Like this post? Subscribe to our free gold and silver newsletter