Peter Schiff, Bix Weir and more....Friday Afternoon 6-3-2022
Did Russia bring back the gold standard? Here's what really happened - Christian, Wagner (Pt. 1/2)
Kitco News: Jun 3, 2022
In part 1 of 2 in this interview, Jeff Christian, managing partner of the CPM Group, and Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the Fed's monetary policy, Russia's gold purchases, and gold's role as an investment asset.
0:00 - Monetary policy and gold
7:29 - Russia and gold
12:31 - Gold standard
Did Russia bring back the gold standard? Here's what really happened - Christian, Wagner (Pt. 1/2)
Kitco News: Jun 3, 2022
In part 1 of 2 in this interview, Jeff Christian, managing partner of the CPM Group, and Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the Fed's monetary policy, Russia's gold purchases, and gold's role as an investment asset.
0:00 - Monetary policy and gold
7:29 - Russia and gold
12:31 - Gold standard
Economic Hurricane Is Coming
Peter Schiff: 6-3-2022
Tucker Carlson and Peter Schiff discuss Janet Yellen's admission of the Fed getting transitory inflation wrong and Jamie Dimon's recent comments regarding the economy.
ALERT! 175 Years of Silver Price Suppression Will End SOON!! Hang on TIGHT! (Bix Weir)
6-3-2022
The Silver Riggers have no idea what's about to hit them...right where it hurts!!
Bix Weir and Greg Mannarino Tuesday PM 5-24-2022
.Bix Weir
ALERT! Silver & Cryptos Lovers...Brace Yourself for the Next 111 Days of INSANITY!!
5-24-2022
The "Planned Destruction" of the Global Financial System is playing out like a very predictable script.
Now comes the Final Act to destroy EVERYTHING in order to Start Fresh.
The next 111 will test you more than any other time in your life!
Are you ready for "The Time of Your Life?!"
Bix Weir
ALERT! Silver & Cryptos Lovers...Brace Yourself for the Next 111 Days of INSANITY!!
5-24-2022
The "Planned Destruction" of the Global Financial System is playing out like a very predictable script.
Now comes the Final Act to destroy EVERYTHING in order to Start Fresh.
The next 111 will test you more than any other time in your life!
Are you ready for "The Time of Your Life?!"
THE MARKET IS 100% FAKE AND THE FED. IS BUYING IT... Important Updates!
Greg Mannarino: 5-24-2022
A Surprising Benefit To Owning Gold-- Especially Now
.A Surprising Benefit To Owning Gold-- Especially Now
Notes From the Field By Simon Black May 23, 2022
By the year 41 BC, just a few years after the assassination of Julius Caesar, Rome was under the strict rule of a three-person dictatorship known as the Tresviri rei publicae constituendae.
Historians today refer to this committee as the Triumvirate, and it included a general named Aemilius Lepidus, as well as Gaius Octavius-- who would eventually become Emperor Augustus.
But the leader of the group, at least at first, was Marcus Antonius, also known as Mark Antony.
A Surprising Benefit To Owning Gold-- Especially Now
Notes From the Field By Simon Black May 23, 2022
By the year 41 BC, just a few years after the assassination of Julius Caesar, Rome was under the strict rule of a three-person dictatorship known as the Tresviri rei publicae constituendae.
Historians today refer to this committee as the Triumvirate, and it included a general named Aemilius Lepidus, as well as Gaius Octavius-- who would eventually become Emperor Augustus.
But the leader of the group, at least at first, was Marcus Antonius, also known as Mark Antony.
Mark Antony was not especially popular. Many Romans rightfully suspected that Mark Antony had been involved in Caesar’s assassination. Plus he was sleeping with Caesar’s widow, Cleopatra.
But Antony’s power through the Triumvirate was absolute. He could raise taxes, establish new social and religious traditions, regulate daily life, seize private property, and even condemn people to death… all without any oversight or due process.
And he wasn’t shy about using this power to squash his opposition.
Antony put several of his political enemies to death-- including the much beloved Cicero, who was trying to escape Rome when Antony’s goons killed him.
Antony also threatened to kill another Senator named Nonius. But unlike Cicero, Nonius managed to escape Rome… bringing with him about $1.5 million worth of gold and jewels.
People in the ancient world knew that precious metals (and precious stones) were pretty much the only portable forms of wealth.
Human civilization at the time was completely agrarian, so most productive assets like land and crops were impossible to move. Gold was almost the singular option to move large sums of wealth, and it remained this way for centuries.
These days there are much better options. Many forms of wealth-- financial securities, intellectual property, bank deposits, and cryptocurrency-- are completely portable. So gold is no longer necessary as a way to move money abroad.
And yet gold still has a number of incredible benefits.
For starters, it’s a great way to hold wealth privately. When you own physical gold and store it in a safe, there’s no ‘counterparty’ like a bank or broker standing between you and your money.
No one is keeping tabs on your gold, your name isn’t in some database. And when you pass away, your heirs can easily take possession of the gold without any bureaucratic hurdles.
Second, over the long-term, gold has proven to be a pretty great investment.
Since August 1971, in fact, when gold formally decoupled from the US dollar, the gold price has increased 42x.
Comparatively, the S&P 500 has grown about 40x over the same period.
This isn’t to say that gold is a better investment. In fact, if you reinvested dividends, stocks outperformed. But history shows that gold is worth consideration.
Another benefit of gold is that it has traditionally hedged against systemic risks. It’s like an insurance policy; in times of real crisis, physical gold has historically been a great asset to own.
Notice that I keep saying “physical gold”, i.e. bars and coins.
A lot of people invest in ‘paper’ gold products, like Exchange Traded Funds (ETFs). And 99.99% of the time, these ETFs perform very similarly to physical gold.
It’s that 0.01% of the time-- the real emergencies-- when the performance of ETFs materially diverges from physical gold.
We saw this quite recently in the early days of the pandemic: in early March 2020, major gold ETFs actually fell by around 10%. But the price of physical gold bars and coins went through the roof.
So, in my opinion, physical is always better than paper.
Now, there are plenty of other reasons to consider owning gold-- but there’s one in particular I want to leave you with today: diversification.
Most people understand the concept of diversification quite well: don’t put all of your eggs in one basket.
We constantly write about international diversification at Sovereign Man, i.e. ensuring that your assets, lifestyle, business, etc. isn’t all tied to the same country.
In financial investment terms, diversification means holding multiple assets that have a low correlation to one another.
To use a simple example, Coca Cola and PepsiCo are technically two different companies. But they share similar risks and rewards.
If Coke does well, chances are Pepsi is also doing well, and vice versa. So if you own stock in both Coke and Pepsi, you’re basically invested in the same thing. Your risks and rewards are not diversified.
Now, many people think they’re diversified because they’ve invested in, say, a bank stock and a tech stock-- JP Morgan, and Amazon.
Sure, those two companies certainly have a lower correlation than Coca Cola and Pepsi. But you’re still invested completely in US stocks. And that’s not very diversified.
This is where gold comes in.
Compared to the general stock market, i.e. the S&P 500, gold has a very LOW correlation. In other words, there are years when gold does well, but the stock market does poorly. There are years where stocks are up but gold is down. There are years where they both do well, and years where they both fall.
So, mathematically speaking, gold represents diversification away from the stock market; their risks and rewards are totally different.
Interestingly, though, gold’s diversification doesn’t stop there.
If you look at the price history of gold (again, going back to 1971), it also shows very low correlation to the US economy, i.e. there are periods where the economy shrinks, but gold goes up. There are also periods where the US economy booms, but gold trades sideways.
There’s even a very low correlation between gold and the Federal Reserve, i.e. the gold price moves independently of whether interest rates rise or fall, or whether the Fed balance sheet rises or falls, or whether the Fed expands the money supply.
This diversification is a really interesting benefit of gold, especially right now in such volatile times.
(You might also be surprised that silver represents significant diversification from gold; but more on this another time.)
To your freedom, Simon Black, Founder, SovereignMan.com
Bix Weir and Mike Maloney Thursday PM 5-5-2022
.ALERT! Silver, Cryptos & Stocks ALL RIGGED Down then Up then Down...as PLANNED!!
(Bix Weir) 5-5-2022
There are NO "Free Markets" anymore. None. All markets are run off computer programs through the Exchange Stabilization Fund in coordination with the Big Banks to control YOUR LIFE!
Our current system if Beyond Orwellian.
The ONLY way to cope is to get your assets in your own possession and sit on the sidelines and watch the show...hoping it will end soon!
ALERT! Silver, Cryptos & Stocks ALL RIGGED Down then Up then Down...as PLANNED!!
(Bix Weir) 5-5-2022
There are NO "Free Markets" anymore. None. All markets are run off computer programs through the Exchange Stabilization Fund in coordination with the Big Banks to control YOUR LIFE!
Our current system if Beyond Orwellian.
The ONLY way to cope is to get your assets in your own possession and sit on the sidelines and watch the show...hoping it will end soon!
Mike Maloney
That's It...The Everything-But-Gold & Silver-Bubble MUST IMPLODE (Bubble Wrap)
5-5-2022
“I’ve often said that there are these brief moments in history, where the precious metals not only offer a safe haven from volatility and your portfolio collapsing - but they also offer the maximum gains in absolute purchasing power” - Mike Maloney
Lynette Zang and Mike Maloney Friday 4-8-2022
.WARNING: A Secret Financial System is Happening NOW! (Lynette Zang)
I Love Prosperity: 4-7-2022
WARNING: A Secret Financial System is Happening NOW - today to discuss this topic is Lynette Zang. She has been studying the financial markets for her entire life, and she breaks down what exactly is going on with the new financial system, and how it ties into inflation, gold, silver, and more.
Today Lynette breaks down the War with Russia and Ukraine, why wars always precede new financial systems, why she expects inflation to get worse over time, not better.
She shares her best advice to help prepare you for what's happening and predicts what is coming next.
WARNING: A Secret Financial System is Happening NOW! (Lynette Zang)
I Love Prosperity: 4-7-2022
WARNING: A Secret Financial System is Happening NOW - today to discuss this topic is Lynette Zang. She has been studying the financial markets for her entire life, and she breaks down what exactly is going on with the new financial system, and how it ties into inflation, gold, silver, and more.
Today Lynette breaks down the War with Russia and Ukraine, why wars always precede new financial systems, why she expects inflation to get worse over time, not better.
She shares her best advice to help prepare you for what's happening and predicts what is coming next.
PARADIGM SHIFT: Why 5-DIGIT GOLD Is Inevitable
Mike Maloney:
Will gold’s price ever be measured in five digits? Watch today’s video update with Mike Maloney to understand why he thinks that it is not only inevitable, but coming sooner than you may think.
What Is a Silver Certificate Dollar Bill Worth Today?
.What Is a Silver Certificate Dollar Bill Worth Today?
By David Gorton Updated March 10, 2022 Reviewed By Chip Stapleton Fact Checked By Jiwon Ma
What Is a Silver Certificate Dollar Bill Worth Today?
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver. One certificate allowed investors to hold silver without having to buy the precious metal itself.1
These certificates no longer carry monetary value as an exchange for silver, yet they are still legal tender at their face value. In the market, silver certificates are often worth more than their face value (e.g., $1) as collectors still seek out these prints.
What Is a Silver Certificate Dollar Bill Worth Today?
By David Gorton Updated March 10, 2022 Reviewed By Chip Stapleton Fact Checked By Jiwon Ma
What Is a Silver Certificate Dollar Bill Worth Today?
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver. One certificate allowed investors to hold silver without having to buy the precious metal itself.1
These certificates no longer carry monetary value as an exchange for silver, yet they are still legal tender at their face value. In the market, silver certificates are often worth more than their face value (e.g., $1) as collectors still seek out these prints.
Their history dates to the 1860s, when the United States rapidly developed into one of the top producers of silver in the world. This ushered in a new monetary structure in the U.S., of which the silver certificate is a unique historical artifact.2 In this article, we look at the history of this form of currency and how much they're worth today.
KEY TAKEAWAYS
A silver certificate dollar bill was a legal tender issued by the United States government.
When they were first issued, certificate holders could redeem them for a certain amount of silver.
Certificates are no longer redeemable in exchange for physical silver.
Although collectors still seek out many of the uncommon prints, many certificates are only worth their face value.
Understanding Silver Certificate Dollar Bills
It was for this reason that provisions in the Coinage Act of 1873 went little noticed. The act ended free coinage for silver, effectively ending bimetallism and placing the United States on the gold standard. Though silver coins could still be used as legal tender, few were in circulation.3
The U.S. government began issuing certificates in 1878 under the Bland-Allison Act. Under the act, people could deposit silver coins at the U.S. Treasury in exchange for certificates, which were easier to carry.4 This representative money could also be redeemed for silver equal to the certificate’s face value. In the past, other countries like China, Colombia, Costa Rica, Ethiopia, Morocco, Panama, and the Netherlands have issued silver certificates.5
Silver
Congress adopted a bimetallic standard of money in 1792, making gold and silver the mediums of exchange. Under a free coinage policy, raw gold or silver could be taken to the U.S. mint and converted into coins.6 However, few silver coins were minted between 1793 and 1873, as the raw silver required to make a coin was worth more than their gold dollar and greenback counterparts.78
A year later, Section 3568 of the Revised Statutes further diminished silver's status by prohibiting the use of silver coins as legal tender for amounts exceeding five dollars.9
Old Silver Dollar Certificates
Silver's importance became apparent with the development of the Comstock lode and other deposits. This happened as Congress looked for ways to grow the monetary base. The U.S. went from producing less than 1% of the world's silver to nearly 20% by the 1860s and 40% by the 1870s.10
To continue reading, please go to the original article here:
What Moves Gold Prices?
.What Moves Gold Prices?
By Jesse Emspak Updated March 14, 2021 Reviewed By Michael J Boyle Fact Checked By Amanda Jackson
The price of gold is moved by a combination of supply, demand, and investor behavior. That seems simple enough, yet the way those factors work together is sometimes counterintuitive. For instance, many investors think of gold as an inflation hedge. That has some common-sense plausibility, as paper money loses value as more is printed, while the supply of gold is relatively constant. As it happens, gold mining doesn't add much to supply from year to year. So, what is the true mover of gold prices?
What Moves Gold Prices?
By Jesse Emspak Updated March 14, 2021 Reviewed By Michael J Boyle Fact Checked By Amanda Jackson
The price of gold is moved by a combination of supply, demand, and investor behavior. That seems simple enough, yet the way those factors work together is sometimes counterintuitive. For instance, many investors think of gold as an inflation hedge. That has some common-sense plausibility, as paper money loses value as more is printed, while the supply of gold is relatively constant. As it happens, gold mining doesn't add much to supply from year to year. So, what is the true mover of gold prices?
KEY TAKEAWAYS
Supply, demand, and investor behavior are key drivers of gold prices.
Gold is often used to hedge inflation because, unlike paper money, its supply doesn't change much year to year.
Studies show that gold prices have positive price elasticity, meaning the value increases along with demand.1
However, the investment growth rate of gold over the past 2,000 years has not been meaningful, even as demand has outpaced supply.
Since gold often moves higher when economic conditions worsen, it is viewed as an efficient tool for diversifying a portfolio.
Factors Affecting Gold Prices
Correlation to Inflation
Economists Claude B. Erb, of the National Bureau of Economic Research, and Campbell Harvey, a professor at Duke University's Fuqua School of Business, have studied the price of gold in relation to several factors. It turns out that gold doesn't correlate well to inflation. That is, when inflation rises, it doesn't mean that gold is necessarily a good bet.2
So, if inflation isn't driving the price, is fear? Certainly, during times of economic crisis, investors flock to gold. When the Great Recession hit, for example, gold prices rose. But gold was already rising until the beginning of 2008, nearing $1,000 an ounce before falling under $800 and then bouncing back and rising as the stock market bottomed out. That said, gold prices rose further, even as the economy recovered. The price of gold peaked in 2011 at $1,895 and has seen ups and downs since that time. In early 2020, prices fetched $1,575.3
In their paper titled The Golden Dilemma, Erb and Harvey note that gold has positive price elasticity. That essentially means that, as more people buy gold, the price goes up, in line with demand. It also means there aren't any underlying "fundamentals" to the price of gold.1 If investors start flocking to gold, the price rises no matter what shape the economy is or what monetary policy might be.
To continue reading, please go to the original article here:
https://www.investopedia.com/articles/active-trading/031915/what-moves-gold-prices.asp
Economists Views on Russian Gold, Silver Rigging and Stock Markets 4-2-2022
.Russia sets fixed gold price on gold purchases as metal sees best quarter since hitting record highs
Kitco News: Apr 2, 2022
Gold ended the week under significant pressure despite the 2-year and the 10-year Treasury yields inverting for the first time since 2019.
Many market participants view this as a possible red flag that recession could be around the corner.
Russia sets fixed gold price on gold purchases as metal sees best quarter since hitting record highs
Kitco News: Apr 2, 2022
Gold ended the week under significant pressure despite the 2-year and the 10-year Treasury yields inverting for the first time since 2019.
Many market participants view this as a possible red flag that recession could be around the corner.
ALERT! Silver Rigging Game Over!...Along With the Rest of the World Market Riggers! (Bix Weir)
4-1-2022
EVERYTHING is happening NOW! Clif High's "Secrets Revealed!" is happening in REAL TIME!! Hang onto your hats my friends...the world is about to go SIDEWAYS!!
Risks & Questions Facing The Stock Market in 2022
The Nomad Economist: 4-2-2022
The first market sessions in 2020 confirmed the positive trend recorded the previous year. However, some events could lead to a reversal. The first sessions of the stock markets in 2020 were characterized by new highs, accompanied, however, by a return of volatility.
Political tensions contributed to the climate of uncertainty. This market remains priced to perfection on artificial liquidity. With liquidity bound to be reduced expanding growth needs to emerge for valuations to be sustainable.
The bond markets signals no such growth emerging. Either the bond market has it wrong, or it represents a lurking risk. This tight rope market remain vastly overbought and pushing against resistance but is currently impervious to risk.
The next few days and weeks may put this risk free attitude to the test. Key to keep an eye on all of these lurking risk factors. Here's 3 Risks To The Bearish View. The QE Candy . The REPO Fuel. The Rate Cut Cake.
Stocks are expensive because the Feds pumped over a trillion dollars into the market and continue to pump billions daily. The FED stops pumping money or even talks about raising rates, say good bye.
QE is not an indicator of a healthy economy, but a very weak one. Investing in stocks can be a smart move, but you have to be careful.
The first sessions of the stock markets in 2020 were characterized by new highs, accompanied, however, by a return of volatility. In particular, political tensions in the Middle East have contributed to the uncertainty of recent days.
Based on this scenario, we indicate some questions that could accompany the equity markets during 2020. In the following analysis, we try to answer each of the questions. Will there be a recession in the United States or globally? No. We believe 2020 should show a continued recovery of economic activity, albeit moderate.
We expect growth to remain around trend levels for the main economies, but we believe that the United States could offer a positive surprise .
Will the US-China truce on the commercial front hold up? Yes. We expect the recent ceasefire to continue as both sides have strong incentives to avoid further escalation. However, we believe that other "phases" or an all-inclusive trade agreement are unlikely, with the negotiations likely to stop.
Will the United Kingdom manage a trade agreement with the European Union by the end of December? No. Boris Johnson has campaigned to "end Brexit" and has not further extended the transition period beyond December 2020.
However, we believe that a complete trade agreement is unlikely to be reached in a matter of months. We expect an extension, but we recognize the possibility of continuing with the WTO legislation to continue negotiations from the outside.
Will the main central banks remain on hold? Yes. We believe that the Federal Reserve will not need further cuts, given the improvement in the global environment, and that inflation will not increase enough to justify an upward revision.
We also expect the European Central Bank to stand by, putting pressure on policy makers on tax support. We believe that the Bank of Japan will continue with an accommodating stance, but will be limited in its actions.
The Bank of England may have to cut back to support a fragile economy. Will core inflation rise significantly in the United States? No. Inflation is likely to rise, especially with base effects on oil, but we believe core inflation will remain contained, suggesting that there will be little pressure on the Fed to raise rates.
Will politics and geopolitics still be market drivers? Yes. Trade issues are likely to continue to occupy the front pages of newspapers, not only in the United States and China, but also in Europe.
Economists Views on the Petrodollar, Silver, and a Fiat Currency Crash 3-16-2022
.BREAKING: End of the US Petrodollar? What Next?
Mike Maloney: 3-16-2022
Some massive news broke in the last couple of hours in regards to the US dollar –
Join Mike Maloney and Adam Taggart in today’s video update as they discuss what happened, what it means, and where we could be headed next.
BREAKING: End of the US Petrodollar? What Next?
Mike Maloney: 3-16-2022
Some massive news broke in the last couple of hours in regards to the US dollar –
Join Mike Maloney and Adam Taggart in today’s video update as they discuss what happened, what it means, and where we could be headed next.
Updates! US Dollar CRATERS, Crude SLAMMED, Gold And Silver FALL.. What's Next? Here It Is.
Greg Mannarino: 3-16-2022
$100 Silver Price IMMINENT as Fiat CURRENCY COLLAPSES | Gold & Silver - Mike Konnert
I Love Prosperity: 3-16-2022
In this video, we talk about buying silver, and how the macro economic climate lends to higher silver prices.
Mike believes silver is heading to over $100 per ounce, as money printing continues, and industrial demand continues to grow. We talk about silver mining stocks, how the geopolitical uncertain will move commodities higher.
Mike breaks down some historical data from past commodity bull markets, explaining how the first thing to move is Oil. As Oil historically takes off, metals and commodities tend to follow it. We discuss the nickel market, copper, oil, gold and silver.
More Countries Repatriating Their Gold and Ditching the Dollar
.More Countries Repatriating their Gold and Ditching The Dollar
Survival Economist: 3-6-2022
Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony. Hungarian National Bank is set to repatriate 100,000 ounces gold from England.
This is not an unusual move. In recent years we have seen the likes of Germany, Austria, Belgium, Venezuela, and the Netherlands each repatriate their gold from various locations.
The pace does appear to have been picking up since Venezuela decided to repatriate its 180 tonnes of gold in 2011. Over the past few months, 100 tons, or some 8,000 gold bars, were secretly transported from the Bank of England’s vaults in London to Poland.
More Countries Repatriating their Gold and Ditching The Dollar
Survival Economist: 3-6-2022
Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony. Hungarian National Bank is set to repatriate 100,000 ounces gold from England.
This is not an unusual move. In recent years we have seen the likes of Germany, Austria, Belgium, Venezuela, and the Netherlands each repatriate their gold from various locations.
The pace does appear to have been picking up since Venezuela decided to repatriate its 180 tonnes of gold in 2011. Over the past few months, 100 tons, or some 8,000 gold bars, were secretly transported from the Bank of England’s vaults in London to Poland.
Also Inspired by Polish example, Slovakia considers repatriating gold from the UK. Serbia, later on, joined Slovakia in this Sudden Eastern European Gold Repatriation trend. Countries across the globe are trying to shake off their dependence on the dollar by buying up the yellow metal.
One example is Slovakia; it's now thinking about restoring its gold reserves from UK banks, something Poland did a week ago.
Welcome to a new gold rush! It's a plot to disintegrate the US dollar.
Counties are sick of giving the US their produce for nothing more than toilet paper in return. I can see the US government hiding in their deep tax paid underground military bases when the world hits the next coming catastrophe.
It's a 21st-century gold rush. Countries around the world are looking to the precious metal to cure their dollar dependence.
The main switches are China and Russia. But Eastern Europe is now joining in for its own reasons like many. Slovakia has its gold reserves in the UK, and now the former prime minister is trying to get it back.
Days earlier, Poland recalled 100 tons of its gold reserves from the Bank of England, and the polish national bank was certainly happy about it.
Other Eastern European countries like Hungary and Serbia began recalling their gold as early as last year. People in Eastern European nations are not as choked in propaganda as the Decadent West is. Likewise, they know how easy it is to be played for fools.
Russia has some way to go for strengthening ties to many of these nations, but it is definitely not going the wrong direction. Interestingly enough, it seems like Macron is the first Western "leader" to see what is happening.
It cannot be trusted, but it is interesting that France is somewhat breaking ranks with Merkel and the EU about NATO.
Now, the mainstream media has covered this new gold rush, but what they'd probably like to avoid is admitting that it's getting pretty close to home.
Take Germany; it just increased its own gold reserves for the first time in 21 years. The global tensions caused by economic sanctions and trade conflicts started by Washington have forced targeted countries to take a fresh look at a substitute payment system currently dominated by the US dollar.
Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.
Why Europe, China, and Russia are accelerating the process of de-dollarization can be understood only if the meaning of the Iran deal is adequately understood.
Iran is, above all, a specific example in what Washington can do to you if you expose yourself to the US dollar for better or for worse. Tehran would not, of course, be considered particularly US-friendly. But in order to participate in international trade, the Iranians had to rely on the US dollar and the SWIFT system, which handles international payments.
SWIFT belongs to an international banking consortium and is even based in Belgium – within the EU. Nevertheless, the USA was able to build up enough pressure to exclude Iran from SWIFT.
The United States is extensively using the dollar as a weapon. And with every transaction in dollars, one is forced to follow the American sanctions against Iran, even if the USA is not directly involved in a trade.
For example, when it comes to oil exports to a European country. Europe, China, Russia, and many small countries set new initiatives every year to make themselves independent.
Economists Views on Silver, The Stock Market and The Fed 3-3-2022
.Keith Neumeyer: $100 Silver is Coming - Price Manipulation is Creating Perfect Storm!
I Love Prosperity: 3-3-2022
In this video, Keith Neumeyer breaks down the incredible math behind the growing supply/demand imbalance in Silver.
He says silver prices must go to $100+, just to meet the growing demand in the electric car movement. One of the most interesting conversations, Keith breaks down why Silver prices are set for a perfect storm.
The price manipulation of Silver only continues to cause more issues with the supply/demand situation, which will only get worse as government continue to mandate more and more electric cars.
Keith talks about gold silver, and mining stocks today.
Keith Neumeyer: $100 Silver is Coming - Price Manipulation is Creating Perfect Storm!
I Love Prosperity: 3-3-2022
In this video, Keith Neumeyer breaks down the incredible math behind the growing supply/demand imbalance in Silver.
He says silver prices must go to $100+, just to meet the growing demand in the electric car movement. One of the most interesting conversations, Keith breaks down why Silver prices are set for a perfect storm.
The price manipulation of Silver only continues to cause more issues with the supply/demand situation, which will only get worse as government continue to mandate more and more electric cars.
Keith talks about gold silver, and mining stocks today.
Charlie Munger: The Stock Market Will Return 0% For Decades
Casgains Academy: 3-3-2022
Warren Buffett’s right-hand man, Charlie Munger, is well-known as one of the legends of investing. Through the Daily Journal portfolio, he outperformed the market by almost 2,000% since 1986.
Munger recently spoke at the Daily Journal’s annual conference about the serious issues in the economy and the financial markets. This video will explain how Munger is preparing his portfolio to drastically outperform the market in the coming years.
In order to understand how Munger plans to make large sums of money from the economy, we have to analyze the macroeconomic environment.
Due to Covid-19, the federal government had to step in to provide support as consumer spending came to an abrupt halt. There are two different types of unemployment. U-3 unemployment tracks all unemployed people who are looking for a job. U-6 unemployment is a broader measurement that also includes discouraged workers and part-time workers.
In April 2020, U-3 unemployment exceeded 14%, and U-6 unemployment exceeded 22%. That is a substantial amount, as almost 1 out of every 4 people were unemployed or underemployed. As a result, Congress sent stimulus checks to people and provided various lending facilities and grants to state and local governments.
These checks also provided Covid-relief funds that helped businesses. On the monetary side, the Federal Reserve lowered interest rates, which made it cheaper to borrow. The target interest rate went from roughly 1.5% at the end of February 2020 to about 0.06% in April 2020.
Today, that rate is 0.08%, but is expected by everyone to increase. As we’ll cover soon, these policies are setting the stage for a terrifying economic crisis. While the federal reserve lowered rates, it ramped up treasury bond purchases in the marketplace, or quantitative easing.
During the pandemic, the federal reserve purchased in excess of $4 trillion dollars of debt which had the effect of pushing money out into the economy. M2 is the measurement of the money in the economy, which measures cash on hand, savings accounts, money market, and certificate of deposits under $100k.
The law of supply and demand eventually found its way into inflation. More money available to everyone led to an increase in the demand for goods. But that alone did not drive the inflation we are seeing today.
Munger is keenly aware of the increase in M2 money, inflation, and the implications: an asset bubble. The problems tied to the supply chain have also continued to exacerbate the situation. You have probably noticed the shortage of items in the stores and the price increases of various items such as consumer electronics.
Most of this is due to the inability to get products off the boats and to the marketplace. The basics of the issue started prior to Covid but were pushed forward by the pandemic. The underlying issues are vast.
First of all, there is a limited capacity to off-load ships and a lack of chassis to expand that capacity. The limited number of truckers that are authorized to work at the ports has declined due to a lack of wage increases. The US warehouse technology, which is behind in technology compared to Japan, Korea, and China also exacerbated the issue.
Similarly, warehouse worker pay has not necessarily kept up and attracting good warehouse workers is harder. The shortage of warehouse workers has also further constrained supply chains. Ryan Johnson wrote a post that went viral explaining some of the issues from his point of view.
He likens the current supply issues to a store like Walmart or Costco having one cashier for hundreds of customers. Truckers like him have to go through three separate lines for multiple hours on end, to then pick up a container to transport it across the country.
Goldman Sachs along with a few other investment firms track the supply chain. Goldman recently lowered the stress to a 9 out of 10, with 10 being the highest stress. According to the Marine Exchange of Southern California and Goldman Sachs, the number of vessels at the Los Angeles port waiting to unload goods has declined to 89 from a high of over 100.
That is a significant amount when you consider that 20 months ago, there were zero vessels. That might sound horrifying, but there may be light at the end of the tunnel. The expectation for when this economic problem will be resolved varies but seems to be closer to the end of 2022 to mid-2023.
The key here is that essentially all this pressure results in a lack of goods supply. This pressure in conjunction with the increase in the money supply has pushed consumer prices to new highs. The consumer price index recently accelerated to an annual increase of 7.5%.
Nightmare: THE FED. IS GOING OUT OF ITS WAY TO CREATE EVEN MORE INFLATION! (Believe It!)
Greg Mannarino : 3-3-2022