Today David Stockman warned King World News about what he says will dislocate every market in the world, including stocks, bonds, commodities, and real estate. KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse.[...]
Tag: dollar collapse
Putin Stockpiles Gold as Russia Prepares for Economic War – London Telegraph & World Gold Council
Russia's central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West. The latest research from the World Gold Council reveals that the Kremlin[...]
ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”
It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 [...]
Putin Is About To Rock The Gold, Oil & Currency Markets
from King World News Today a legendary trader and investor, who recently called the bottom in the U.S. stock market with remarkable precision, gave King World News a stunning interview where he laid out exactly how Russian leader Vladimir Putin is about to rock the gold, oil, and currency markets. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as[...]
China hoarding gold to challenge U.S. dollar? – USA Today
by Eric McWhinnie, The Cheat Sheet USA Today In a world filled with fiat currencies, how important is gold’s role in the financial system? Proponents often view the precious metal as a hedge against economic chaos, while critics typically claim gold is hardly more than an unproductive rock. Interestingly, some countries appear to believe gold is quite important, and one former Fed chair[...]
US Economic Growth is All an Illusion
by John Crudele New York Post As voters were coming out of the polls on Tuesday, pesky reporters were asking why they voted the way they did — and what was going through their heads? The most popular response — from 45 percent of the voters — was the economy. Only 28 percent said their families were doing better financially. The economy is always the major issue in an election during[...]
Central Planners Are In A State of Panic – Japan’s Black Swan Flaps its Wings
by Chris Martenson The central planners are in a state of fear and panic. They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored economic metrics fail to respond to all of their frenzied efforts. They are so far over the tips of their skis right now that there's nothing they won't do. They've summarily thrown granny[...]
The Difference Between Currency Wars and Financial Wars
by James Rickards Note: It’s easy to confuse “currency wars” with “financial wars”… But in the following conversation with Sprott Global Research’s Henry Bonner, Jim Rickards explains why there is one major difference people often overlook… and it’s the one reason we’re more likely to see a currency war than a financial one. Read on… Henry Bonner: Hi Jim. You have recently [...]
American Financial Markets Have No Relationship To Reality — Paul Craig Roberts and Dave Kranzler
American Financial Markets Have No Relationship To Reality Paul Craig Roberts and Dave Kranzler As we have demonstrated in previous articles, the bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down the price of gold since September 2011. Suppression of the gold[...]
Jim Grant – Gold’s Near 4-Year Lows Are the Perfect Set Up For Investing – VIDEO INTERVIEW
Nov. 03, 2014 – 4:24 – Grant’s Interest Rate Observer Founder James Grant on whether gold is a good investment, and when the Fed will likely raise interest rates. Grant Video Interview on Fox Business[...]