by Addison Wiggin “The government is very good at making things overly complicated for the purpose of obscuring what’s really going on from the public,” observed hedge fund manager Erik Townsend during our interview in May. He was making a point about the 2008 bailouts. The Federal Reserve played a leading role, applying trillions in paper-clip and rubber-band solutions. The Fed’s[...]
Author: Chris
Yellen Dashboard Warning Light Glows as Millions Work Part Time – This is Depression
Federal Reserve Chair Janet Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work. As Yellen heads to this week’s Fed symposium in Jackson Hole, Wyoming, where the focus will be on the labor market, those 7.5 million part-time workers who want full-time jobs are inflating the[...]
Another Crisis of Confidence in the Dollar is Coming – Monetary System Will Never Be the Same
By James Rickards On August 15, 1971, a quiet Sunday evening, President Richard Nixon took to the airwaves, preempting the most popular television show in America, to announce his New Economic Policy. The government was imposing national price controls and a steep surtax on foreign imports and banning the conversion of dollars into gold. The country was in the midst of a crisis, the result of an [...]
Big Bang – Sovereign Debt Crisis in Full Swing & Government Bubbles
by Martin Armstrong The Sovereign Debt Crisis is unfolding on schedule. I have warned at the Philadelphia Conference that half of Germany’s municipalities are on the edge of bankruptcy as was the case with Detroit. Instead of reform, no, government just increases the tax burden upon the people who they see having an endless supply of money to be expropriated for their personal glory. Just[...]
ALERT – Market Signals for Dow, Gold & Silver from Expert Richard Russell
At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned about “the great destroyer,” war, and silver. The 60-year market veteran also discussed major markets, gold, hyperinflation, and what is “dirt cheap” that he believes investors should be buying right now. Russell: “From the 1830s to the 1930s, almost all the important currencies were on [...]
Fed Incompetence: Your Financial Bubble Indicator – Bill Bonner
by Bill Bonner The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor. – Jesse Livermore, How to Trade in Stocks The trouble with capitalism’s guardians is that they have no respect for it. Markets have been around for[...]
The Safest Investments in a Dangerous World Market – Jim Rickards
The relationship between geopolitics and global finance has rarely been more densely connected and complex as it is today. Knowing how to invest and allocate assets among various classes requires understanding the strategic drivers of valuation and volatility. Here is an around-the-world tour of flashpoints and their implications for investors. The disintegration of Iraq is far from over. The[...]
2015: An Inflationary Spike & Deflationary Bear Market CYCLE that Rocks the World!
Source Editor's Note... "Cycle analysis indicates the US Market Cycle is presently completing a 33+ year Bull Market Cycle and once complete, a Deflationary Bear Market Cycle will grip the US Markets in the year 2015 that will DEVASTATE the World... Before a Deflationary Cycle grips the US Market and the World, FIRST expect an Inflationary Gold spike to $2000 catching everyone off guard [...]
Important Lessons from the 12 Largest US Bear Markets
By: Marc Faber In the late 1990s, just ahead of the bursting of the NASDAQ bubble, I reproduced, courtesy of the late Peter Bernstein (author of Against the Gods), a table showing how many quarters of previous capital appreciation were given back in the 12 largest US bear markets since 1929. In the meantime, we have had another three bear markets and I have updated his table to reflect the new[...]
RISING Rates Are a Screaming “BUY” for Gold…Don’t Let the MSM Talking Heads Mislead You
By Dr. Steve Sjuggerud - Tuesday, August 5, 2014 Simple logic would tell you to sell gold when the Federal Reserve raises rates... not to buy it. But the truth is, based on history, the price of gold actually soars in the 12 months before the Federal Reserve raises interest rates. Chances are the Fed will raise interest rates in 2015... so we are in that 12-month period right now. I know[...]