November 2, 2014 From SD report... Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses! Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle. Does the ONLY precious metals[...]
Tag: Economic Crisis
Most People Cannot Even Imagine That An Economic Collapse Is Coming
By Michael Snyder, on November 2nd, 2014 The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs. For the year,[...]
Stunning Amounts Of Euro, Asian, & Indian Gold Buying
Today London metals trader Andrew Maguire told King World News that there is currently stunning amounts of euro gold physical buying taking place in London. Maguire also spoke about the staggering demand for physical gold elsewhere around the world. Below is what Maguire had to say in Part I of a series of interviews. Maguire: “There is solid evidence of continued investment bar demand coming[...]
Why We’re Poorer: Inflation And Deflation Are Now Globalized
by Charles Hugh-Smith of OfTwoMinds blog, We're being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure. As correspondent Mark G. observed in Globalization = Permanent Instability, it's impossible to understand inflation and deflation now except in a global context. Now that prices for commodities such as oil and[...]
QE Might Be a ‘Toxic Legacy’ Poisoning America – Financial Times
By John Morgan Uneasiness is mounting about what some analysts view as a "toxic legacy" left behind by the Federal Reserve's unprecedented quantitative easing (QE) program and the towering debt it is leaving behind. When the Fed unveiled its ultra-easy monetary policies 2008, the aim was to spawn so much liquidity that investors would be willing to venture out of safe harbors and into riskier[...]
Why the Financial and Political Systems Failed – Nomi Prins
Nomi Prins calls out the policy error deluxe that has been the topic of so much commentary at Le Café over the past few years. What is perhaps most striking is that this failure is so bipartisan in a time of contentiousness. It crosses not only parties but professions, from academics to politicians. As you know I have featured several articles and videos of hers as she introduces her latest[...]
Why the Fed Will Launch Another Round of QE – Economist Richard Duncan
In November 2002, Fed Governor Ben Bernanke introduced the concept of Quantitative Easing to the world. In a speech entitled “Deflation: Making Sure It Doesn’t Happen Here”, he explained that the Fed could prevent deflation from taking hold in the United States by creating money and using it to acquire government and agency (i.e. Fannie Mae and Freddie Mac) bonds. He proclaimed that this[...]
The Terrifying Idea that the Economy Might Stay Stuck Forever Just Got More Terrifying
by Matt O’Brien Washington Post The U.S. economy has fallen, and it can’t get up. At least that’s the way it seems. That’s because our slump hasn’t really ended, even though the Great Recession officially did more than five years ago. Growth has been low, unemployment is still high, and it’d be even more so if the labor force hadn’t shrunk so much. And all this, remember, has[...]
How The Federal Reserve Is Purposely Attacking Savers
by Chris Martenson There's something we 'regular' citizens wrestle with that the elites never seem to: a sense of moral duty. For example, following the collapse of the housing bubble, many people struggled with mortgages they could no longer afford to pay, fearing the shame of default. Many believed defaulting was wrong somehow; that it was their moral obligation to pay their mortgages, no[...]
Study: Wealth Disparity Greater Than Anytime Since 1929
Wednesday, 22 Oct 2014 07:00 AM By Michael Kling Wealth inequality is greater than anytime since 1929, new research from Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics reveals. "The share of wealth held by the top 0.1 percent of families is now almost as high as in the late 1920s, when 'The Great Gatsby' defined an era that rested on [...]