Monday, 18 September 2017

Chris Martenson: Central Banks Are Terrified


Resource analyst and futurist Chris Martenson points out, “The Dow is hitting all-time highs. So, it can’t be that bad, right? The Dow is used as a signaling device, and it says have faith in your leadership and everything is fine. Under the covers, obviously, things are not fine. 

The people I talk to are nervous and worried. One reason is because it’s fall, and that is sometimes when we see these corrections, but the other reason is everything we track is getting more and more fragile. These markets are held together by confidence...

I can’t tell you the number of people that used to be investors that say they just don’t trust these markets. They are rigged and they understand that. They don’t want any part of that.” 

In closing, Martenson contends, “By many metrics, this market has never been more expensive,What goes up has to come down. I am convinced the central banks are so petrified to let a 1% or a 2% correction happen...

What does it mean when the central banks are so petrified that they can even allow a correction to get started? That’s what people should be focused on.”


Sunday, 17 September 2017

Blowing the Roof Off the Debt, Fiat Money Out of Control


Peter Schiff discusses the recent debate surrounding the debt ceiling and how it will be raised once again. The can has been kicked down the road, over and over again and at this point is barely movable because of how large it is getting.

How long can the US continue, before it loses control and its debt spirals out of control? Peter Schiff explains this recent news.


- Video Source

Friday, 15 September 2017

Keiser Report: Modi's Demonetization


Max and Stacy discuss India’s disastrous ‘demonetization’ programme which has resulted in the opposite of what Modi’s government claimed was their intention. In the second half, Max continues his interview with Michael Pento of PentoPort.com on gold returning to a bull market amidst the emerging market meltdowns.


Gold Would Be Higher But Buyers Are Jumping Ship to Bitcoin


As gold loses steam after rallying to 12-month highs, one market expert says he is seeing bitcoin take a chunk out of the yellow metal. "I think it's a big part of the problem in terms of stalling gold's rally. 

In my eyes gold is always a currency play not a safe-haven play, now that you have other currencies getting real traction they are taking part of the buyers away from gold," said Todd 'Bubba' Horwitz, founder of bubbaatrading.com In mid-July, Bitcoin was trading around $1,985 per coin before continuing its rise higher. 

As hostilities increased between North Korea and the U.S., it broke the $3,000 mark before slicing through the $4,000 level with ease. But fret not gold trackers, Horwitz added that another yellow metal rally is coming.

- Source, The Street

Wednesday, 13 September 2017

John Rubino Federal Reserve to Blame for Boom and Bust Cycles


John Rubino believes that the Federal Reserve and interest rate manipulation is to blame for the boom and bust cycles and says how important the balance sheet is.

- Source, Jay Taylor Media

Monday, 11 September 2017

With Debt Ceiling Looming, Gold Is The Hedge You Want


The gold market is looking ‘buoyant,’ this according to Tocqueville portfolio manager Doug Groh, who called the recent rally in gold back in March of this year. ‘We got through the summer downturn, and it has now become a constructive gold market,’ Groh said.

Groh, who manages Tocqueville’s $1.25-billion gold fund, said it was important for gold to break through the $1,300 - $1,303 level, which it managed to do earlier this week. Groh said that the conversation now becomes focused around the debt ceiling, “[I]nvestors will look at their equity portfolio and want to make sure they are finishing off the year in good form – [they are saying], I'm going to take some money off the table and hedge my position, gold is a perfect diversifier for that.” 

He also commented on the rise of cryptocurrencies, which he called ‘faddish.’ ‘The thing about cryptocurrencies is that there is risk to the system you participate in, whereas gold around the world is recognized as a monetary instrument.’

- Source, Kitco News

Monday, 4 September 2017

The Bear Market For Gold is Officially Over, Next Stop $1,370


Gold prices ended Thursday with good gains and were poised to finish with a bullish 10-month high close. One technical analyst is so convinced by the metal's chart action that he is calling for the official end of the bear market. "I thought the move up to $1,331 was healthy, and the pullback was actually healthier. 

I'm not concerned about the dollar anymore, gold is becoming a new currency for a lot of people," said Todd 'Bubba' Horwitz, the founder of BubbaTrading.com. "I am calling the bear market for gold officially over - $1,370 will be our next major stop," he said. Many traders saw early price weakness as a value-buying opportunity and jumped on board the long side. A weaker U.S. dollar index also worked in favor of the precious metals market bulls. December Comex gold was last up 0.77% at $1,324.20 an ounce.

- Source, Kitco News

Saturday, 2 September 2017

Martin Armstrong: The Next Great Depression Is Going To Be A Collapse Of Bonds And Governments


The infamous Martin Armstrong discusses the unavoidable collapse that the world faces and how it is going to begin. How will governments around the world handle the next collapse?

- Video Source

Thursday, 31 August 2017

Never Ending Trump Surge in The Markets


Max and Stacy discuss Democrats not looking forward to Hillary’s ‘blame everyone but herself’ book tour. In the second half Max interviews Wolf Richter of WolfStreet.com about the never ending Trump surge in the markets.
- Source, Max Keiser

Tuesday, 29 August 2017

Hugo Salinas Price: 'There Is No Cure for this Disease...'

In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce.

The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars - as undervalued - rather than gold; for this reason, and because of fears regarding another World War, the world shipped enormous quantities of gold to the US, in exchange for US dollars.

The consequence was that the stash of American gold, at the end of WW II, was about 22,000 tons of gold.

The huge error which the American administration committed at the Bretton Woods, N.H., international monetary conference in 1944, where the monetary order of the post-war world was determined, was to force upon the world a defective monetary system: gold was to be the foundation of the post-war world economy, supported by the US dollar, which was to be considered - like it or not - as good as gold.

This huge mistake has brought the US and the world to an enormous economic distortion: all production in all countries of the world, today, and all economic relations, both internally within nations and with regard to their international relations, are disconnected from reality.

After the war, the US continued the policy to which it was and is addicted: credit expansion. Consequently, the undervaluation of the dollar in 1934, turned into an overvaluation of the dollar, and US gold began to be purchased by the rest of the world at what was regarded as an increasingly attractive price of $35 dollars per ounce. Accordingly, the US stock of gold began to contract as gold left the country.

In 1955, when I was 23 years old, and returning from a trip to Europe with my bride on the Italian passenger liner, the "Andrea Doria", I recall after-dinner conversations with elderly gentlemen in the lounge, and the subject of the conversations was the persistent loss of gold on the part of the US.

In the post-war period, as a result of the Bretton Woods Agreements of 1944, the rest of the world accumulated dollar reserves - "as good as gold" - and this helped mask the consequences of the constant US credit expansion. However, there was a fly in the ointment: the perceptive Jacques Rueff, Economics Minister of General Charles de Gaulle, President of France, alerted de Gaulle to the fact that the US was both expanding internal US credit, and external credit by sending US dollars to France in payment for French imports to the US: French acceptance of dollars as payment, was actually credit extended to the US, and according to Rueff, this was unwise.

General de Gaulle thereupon insisted on returning the dollars held by the Bank of France to the US, and demanding in return, the gold to which it had a right. In May of 1968, Paris was shaken by very severe Leftist rioting and President de Gaulle was very nearly deposed. Obviously, the US had not been pleased with General de Gaulle's attitude.

Nevertheless, the outflow of gold from Fort Knox to the rest of the world continued unabated. The cheap dollar purchased a lot of gold, at $35 dollars an ounce.

As we all know, Fort Knox continued to bleed gold until August 15, 1971 when the gold stock having reached some 8,000 tons, President Nixon "temporarily" closed the gold window. The "as good as gold" part of the Bretton Woods Agreements of 1944 had ended. The irredeemable US dollar - a figment of the imagination - was now the basis of the world's economy.

World trade did not stop in its tracks. The world continued to revolve around its own axis in 24 hours a day, and the nations of the world went on using the irredeemable dollar as the foundation of their national economies and their banking systems.

Gold reserves ceased to have any importance for finance ministers around the world. Gold became the "barbarous relic" of J. M. Keynes. Having dollars now became the paramount objective of finance ministers and Central Bank chiefs.

The question for the rest of the world was no longer "We cannot allow excessive credit expansion, because we have to protect our gold reserves." After August 15, 1971, the new question was: "We must export more than we import, in order to have growing reserves of US dollars; because if we have more dollars, we can also expand credit - like the US - and grow our economies." If the rest of the world wanted more dollars in order to "grow their economies", there was, in the last resort, only one country that provided the necessary dollars: the US.

Consequently, the rest of the world went to work to sell whatever it could, to the US, and receive dollars in payment. National prosperity for the rest of the world required a flourishing export market in the US. Those who had nothing to sell to the US were out of luck. Those selling lots of stuff to the US, enjoyed prosperity.

What was the key to selling to the US, for the all-important dollars received in return?

The key, for all countries, was to undersell the local US producers of whatever the rest of the world had for sale. There was no other way to obtain dollars.

It is fitting to remember, how pleased Americans were, back in the 70's, to see their smoky, polluting industries close down, to be replaced with green malls and pleasant caf├ęs, with areas for exercising, sunning and shopping. The time was hailed as the "The greening of America".

What happened to America was a Greek tragedy writ large. By its own hand, the US has destroyed itself. Its huge advantage - the right to issue the world's fundamental money, the dollar - turned into the sword which disemboweled its own guts.

There will be no "make America great again". President Trump will fail utterly, in re-industrializing the US: that cannot possibly happen unless the dollar ceases being the world's reserve currency. Huge fissures in the social make-up of the US are surfacing. The rest of the world looks on in shock, as it contemplates what is going on in the US.

The US is afflicted with a "terminal disease". To introduce a bit of levity into this dismal essay, herewith:

HENRY KING, who chewed bits of string, and was early cut off, in dreadful agonies, by Hilaire Belloc:

THE Chief Defect of Henry King
Was chewing little bits of String.
At last he swallowed some which tied
Itself in ugly Knots inside.
Physicians of the Utmost Fame
Were called at once; but when they came
They answered, as they took their Fees,
'There is no Cure for this Disease.
Henry will very soon be dead.'
His parents stood about his Bed
Lamenting his Untimely Death,
When Henry, with his Latest Breath,
Cried 'Oh, my Friends, be warned by me,
That Breakfast, Dinner, Lunch, and Tea
Are all the Human Frame requires...'
With that, the Wretched Child expires.

A return to gold on the part of the US is unthinkable. It is much too late. Such a move would produce unimaginable social chaos in the US and put an end to the all-powerful "Military-Industrial-Congressional Complex". Total chaos lies ahead, unavoidably, and will present itself as disease intensifies; no politician can be willing to advance its arrival with a monetary reform.


Monday, 28 August 2017

Paul Craig Roberts Destroys “Presstitute Lavish Devotion to Their Masters”

In the United States “conspiracy theory” is the name given to explanations that differ from those that serve the ruling oligarchy, the establishment or whatever we want to call those who set and control the agendas and the explanations that support the agendas.
The explanations imposed on us by the ruling class are themselves conspiracy theories. Moreover, they are conspiracy theories designed to hide the real conspiracy that our rulers are operating.
For example, the official explanation of 9/11 is a conspiracy theory. Some Muslims, mainly Saudi Arabians, delivered the greatest humiliation to a superpower since David slew Goliath. They outsmarted all 17 US intelligence agencies and those of NATO and Israel, the National Security Council, the Transportation Safety Administration, Air Traffic Control, and Dick Cheney, hijacked four US airliners on one morning, brought down three World Trade Center skyscrapers, destroyed that part of the Pentagon where research was underway into the missing $2.3 trillion, and caused the morons in Washington to blame Afghanistan instead of Saudi Arabia.
Clearly, the Saudia Arabians who humiliated Ameria were involved in a conspiracy to do so.
Is it a believable conspiracy?
The ability of a few young Muslim men to pull off such a feat is unbelievable. Such total failure of the US National Security State means that America was blindly vulnerable throughout the decades of Cold War with the Soviet Union. If such total failure of the National Security State had really occurred, the White House and Congress would have been screaming for an investigation. People would have been held accountable for the long chain of security failures that allowed the plot to succeed. Instead, no one was even reprimanded, and the White House resisted all efforts for an investigation for a year. Finally, to shut up the 9/11 families, a 9/11 Commission was convened. The commission duly wrote down the government’s story and that was the “investigation.”
Moreover, there is no evidence to support the official conspiracy theory of 9/11. Indeed, all known evidence contradicts the official conspiracy theory.
For example, it is a proven fact that Building 7 came down at freefall acceleration, which means it was wired for demolition. Why was it wired for demolition? There is no official answer to this question.
It is the known evidence provided by scientists, architects, engineers, pilots, and the first responders who were in the twin towers and personally experienced the numerous explosions that brought down the towers that is described as a conspiracy theory.
The CIA introduced the term “conspiracy theory” into public discourse as part of its action plan to discredit skeptics of the Warren Commission report on the assassination of President John F. Kennedy. Any explanation other than the one handed down, which is contradicted by all known evidence, was debunked as a conspiracy theory.
Conspiracy theories are the backbone of US foreign policy. For example, the George W. Bush regime was active in a conspiracy against Iraq and Saddam Hussein. The Bush regime created fake evidence of Iraqi “weapons of mass destruction,” sold the false story to a gullible world and used it to destroy Iraq and murder its leader. Similarly, Gaddafi was a victim of an Obama/Hillary conspiracy to destroy Libya and murder Gaddafi. Assad of Syria and Iran were slated for the same treatment until the Russians intervened.
Currently, Washington is engaged in conspiracies against Russia, China, and Venezuela. Proclaiming a non-existent “Iranian threat,” Washington put US missiles on Russia’s border and used the “North Korean threat” to put missiles on China’s border. The democratically elected leader of Venezuela is said by Washington to be a dictator, and sanctions have been put on Venezuela to help the small Spanish elite through whom Washington has traditionally ruled South American countries pull off a coup and reestablish US control over Venezuela.
Everyone is a threat: Venezuela, Yemen, Syria, Iran, Iraq, Afghanistan, tribes in Pakistan, Libya, Russia, China, North Korea, but never Washington.
The greatest conspiracy theory of our time is that Americans are surrounded by foreign threats. We are not even safe from Venezuela.
The New York Times, the Washington Post, CNN, NPR, and the rest of the presstitutes are quick to debunk as conspiracy theories all explanations that differ from the explanations of the ruling interests that the presstitutes serve.
Yet, as I write and for some nine months to date, the presstitute media has itself been promoting the conspiracy theory that Donald Trump was involved in a conspiracy with the president of Russia and Russian intelligence services to hack the US presidential election and place Trump, a Russian agent, in the White House.
This conspiracy theory has no evidence whatsoever. It doesn’t need evidence, because it serves the interests of the military/security complex, the Democratic Party, the neoconservatives, and permits the presstitutes to show lavish devotion to their masters. By endless repetition a lie becomes truth.
There is a conspiracy, and it is against the American people. Their jobs have been offshored in order to enrich the already rich. They have been forced into debt in a futile effort to maintain their living standards. Their effort to stem their decline by electing a president who spoke for them is being subverted before their eyes by an utterly corrupt media and ruling class.
Conspiracy theories are the backbone of US foreign policy. For example, the George W. Bush regime was active in a conspiracy against Iraq and Saddam Hussein. The Bush regime created fake evidence of Iraqi “weapons of mass destruction,” sold the false story to a gullible world and used it to destroy Iraq and murder its leader. Similarly, Gaddafi was a victim of an Obama/Hillary conspiracy to destroy Libya and murder Gaddafi. Assad of Syria and Iran were slated for the same treatment until the Russians intervened.
Currently, Washington is engaged in conspiracies against Russia, China, and Venezuela. Proclaiming a non-existent “Iranian threat,” Washington put US missiles on Russia’s border and used the “North Korean threat” to put missiles on China’s border. The democratically elected leader of Venezuela is said by Washington to be a dictator, and sanctions have been put on Venezuela to help the small Spanish elite through whom Washington has traditionally ruled South American countries pull off a coup and reestablish US control over Venezuela.
Everyone is a threat: Venezuela, Yemen, Syria, Iran, Iraq, Afghanistan, tribes in Pakistan, Libya, Russia, China, North Korea, but never Washington.
The greatest conspiracy theory of our time is that Americans are surrounded by foreign threats. We are not even safe from Venezuela.
The New York Times, the Washington Post, CNN, NPR, and the rest of the presstitutes are quick to debunk as conspiracy theories all explanations that differ from the explanations of the ruling interests that the presstitutes serve.
Yet, as I write and for some nine months to date, the presstitute media has itself been promoting the conspiracy theory that Donald Trump was involved in a conspiracy with the president of Russia and Russian intelligence services to hack the US presidential election and place Trump, a Russian agent, in the White House.
This conspiracy theory has no evidence whatsoever. It doesn’t need evidence, because it serves the interests of the military/security complex, the Democratic Party, the neoconservatives, and permits the presstitutes to show lavish devotion to their masters. By endless repetition a lie becomes truth.
There is a conspiracy, and it is against the American people. Their jobs have been offshored in order to enrich the already rich. They have been forced into debt in a futile effort to maintain their living standards. Their effort to stem their decline by electing a president who spoke for them is being subverted before their eyes by an utterly corrupt media and ruling class.

Thursday, 24 August 2017

This Bubble Ain’t In Stocks, It’s In Mass Hysteria Explains Scott Adams

History is full of examples of Mass Hysteria. They happen fairly often. The cool thing about mass hysteria is that you don’t know when you are in one. But sometimes the people who are not experiencing the mass hysteria can recognize when others are experiencing one, if they know what to look for.

I’ll teach you what to look for.


A mass hysteria happens when the public gets a wrong idea about something that has strong emotional content and it triggers cognitive dissonance that is often supported by confirmation bias. In other words, people spontaneously hallucinate a whole new (and usually crazy-sounding) reality and believe they see plenty of evidence for it. The Salem Witch Trials are the best-known example of mass hysteria. The McMartin Pre-School case and the Tulip Bulb hysteria are others. The dotcom bubble probably qualifies. We might soon learn that the Russian Collusion story was mass hysteria in hindsight. The curious lack of solid evidence for Russian collusion is a red flag. But we’ll see how that plays out.

The most visible Mass Hysteria of the moment involves the idea that the United States intentionally elected a racist President. If that statement just triggered you, it might mean you are in the Mass Hysteria bubble. The cool part is that you can’t fact-check my claim you are hallucinating if you are actually hallucinating. But you can read my description of the signs of mass hysteria and see if you check off the boxes.

If you’re in the mass hysteria, recognizing you have all the symptoms of hysteria won’t help you be aware you are in it. That’s not how hallucinations work. Instead, your hallucination will automatically rewrite itself to expel any new data that conflicts with its illusions.

But if you are not experiencing mass hysteria, you might be totally confused by the actions of the people who are. They appear to be irrational, but in ways that are hard to define. You can’t tell if they are stupid, unscrupulous, ignorant, mentally ill, emotionally unstable or what. It just looks frickin’ crazy.

The reason you can’t easily identify what-the-hell is going on in the country right now is that a powerful mass hysteria is in play.
If you see the signs after I point them out, you’re probably not in the hysteria bubble.

If you read this and do NOT see the signs, it probably means you’re trapped inside the mass hysteria bubble.

Here are some signs of mass hysteria. This is my own take on it, but I welcome you to fact-check it with experts on mass hysteria.
1. The trigger event for cognitive dissonance

On November 8th of 2016, half the country learned that everything they believed to be both true and obvious turned out to be wrong. The people who thought Trump had no chance of winning were under the impression they were smart people who understood their country, and politics, and how things work in general. When Trump won, they learned they were wrong. They were so very wrong that they reflexively (because this is how all brains work) rewrote the scripts they were seeing in their minds until it all made sense again. The wrong-about-everything crowd decided that the only way their world made sense, with their egos intact, is that either the Russians helped Trump win or there are far more racists in the country than they imagined, and he is their king. Those were the seeds of the two mass hysterias we witness today.

Trump supporters experienced no trigger event for cognitive dissonance when Trump won. Their worldview was confirmed by observed events.
2. The Ridiculousness of it

One sign of a good mass hysteria is that it sounds bonkers to anyone who is not experiencing it. Imagine your neighbor telling you he thinks the other neighbor is a witch. Or imagine someone saying the local daycare provider is a satanic temple in disguise. Or imagine someone telling you tulip bulbs are more valuable than gold. Crazy stuff.

Compare that to the idea that our president is a Russian puppet. Or that the country accidentally elected a racist who thinks the KKK and Nazis are “fine people.” Crazy stuff.

If you think those examples don’t sound crazy – regardless of the reality – you are probably inside the mass hysteria bubble.
3. The Confirmation Bias

If you are inside the mass hysteria bubble, you probably interpreted President Trump’s initial statement on Charlottesville – which was politically imperfect to say the least – as proof-positive he is a damned racist.

If you are outside the mass hysteria bubble you might have noticed that President Trump never campaigned to be our moral leader. He presented himself as – in his own words “no angel” – with a set of skills he offered to use in the public’s interest. He was big on law and order, and equal justice under the law. But he never offered moral leadership. Voters elected him with that knowledge. Evidently, Republicans don’t depend on politicians for moral leadership. That’s probably a good call.

When the horror in Charlottesville shocked the country, citizens instinctively looked to their president for moral leadership. The president instead provided a generic law and order statement. Under pressure, he later named specific groups and disavowed the racists. He was clearly uncomfortable being our moral lighthouse. That’s probably why he never described his moral leadership as an asset when running for office. We observe that he has never been shy about any other skill he brings to the job, so it probably isn’t an accident when he avoids mentioning any ambitions for moral leadership. If he wanted us to know he would provide that service, I think he would have mentioned it by now.

If you already believed President Trump is a racist, his weak statement about Charlottesville seems like confirmation. But if you believe he never offered moral leadership, only equal treatment under the law, that’s what you saw instead. And you made up your own mind about the morality.

The tricky part here is that any interpretation of what happened could be confirmation bias. But ask yourself which one of these versions sounds less crazy:
1. A sitting president, who is a branding expert, thought it would be a good idea to go easy on murderous Nazis as a way to improve his popularity.

or…

2. The country elected a racist leader who is winking to the KKK and White Supremacists that they have a free pass to start a race war now.

or…

3. A mentally unstable racist clown with conman skills (mostly just lying) eviscerated the Republican primary field and won the presidency. He keeps doing crazy, impulsive racist stuff. But for some reason, the economy is going well, jobs are looking good, North Korea blinked, ISIS is on the ropes, and the Supreme Court got a qualified judge. It was mostly luck.

or…

4. The guy who didn’t offer to be your moral leader didn’t offer any moral leadership, just law and order, applied equally. His critics cleverly and predictably framed it as being soft on Nazis.

One of those narratives is less crazy-sounding than the others. That doesn’t mean the less-crazy one has to be true. But normal stuff happens far more often than crazy stuff. And critics will frame normal stuff as crazy whenever they get a chance.
4. The Oversized Reaction

It would be hard to overreact to a Nazi murder, or to racists marching in the streets with torches. That stuff demands a strong reaction. But if a Republican agrees with you that Nazis are the worst, and you threaten to punch that Republican for not agreeing with you exactly the right way, that might be an oversized reaction.
5. The Insult without supporting argument

When people have actual reasons for disagreeing with you, they offer those reasons without hesitation. Strangers on social media will cheerfully check your facts, your logic, and your assumptions. But when you start seeing ad hominem attacks that offer no reasons at all, that might be a sign that people in the mass hysteria bubble don’t understand what is wrong with your point of view except that it sounds more sensible than their own.

For the past two days I have been disavowing Nazis on Twitter. The most common response from the people who agree with me is that my comic strip sucks and I am ugly.

The mass hysteria signals I described here are not settled science, or anything like it. This is only my take on the topic, based on personal observation and years of experience with hypnosis and other forms of persuasion.

I present this filter on the situation as the first step in dissolving the mass hysteria. It isn’t enough, but more persuasion is coming.
If you are outside the mass hysteria bubble, you might see what I am doing in this blog as a valuable public service.

If you are inside the mass hysteria bubble, I look like a Nazi collaborator.

How do I look to you?

- Source, Scott Adams via Zero Hedge

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