from King World News With continued uncertainty in global markets, today a 50-year market veteran warned King World News that the world is now facing the most frightening and dangerous crisis in modern history. He warned people not to listen to the mainstream media, which is pleading with the public to “stay the course.” John Embry: “Gold and silver prices had a spectacular day on Friday, [...]
Tag: fed policy
Billionaire Eric Sprott – Entities Wiped Out Overnight As Western Central Banks Near Total Surrender
Today billionaire Eric Sprott warned King World News that as entities are being wiped out overnight, Western central banks are nearing the point of total surrender. This interview takes a trip down the rabbit hole of desperate central banks coming to the realization that it's nearly game over. Eric Sprott: “I find it very ironic that the most volatile asset class these days is currencies. This [...]
If Prices are Collapsing, Then Why is GOLD GOING UP?
January 20, 2015 by Jay Taylor Most people have been trained by the Keynesian propagandists to think of gold as just another commodity. Gold is not a commodity. It is money! And that is why, as anxiety increases now about the global monetary system, gold is on the rise even as commodities plummet. The inverted pyramid shown on your left is a concept created by the brilliant monetary economist[...]
When A Soaring Dollar “Reflects Loss Of Investor Confidence And Is Potentially Devastating”
For all those following the relentless rise in the USD and assuming this is a great thing for global markets, here is a must read take from SocGen's Kit Juckes. * * * GOOD DOLLAR, BAD DOLLAR The ECB is buying more bonds than expected, and from longer maturities. ECB President Mario Draghi was almost scornful of concerns about the lack of burden-sharing in the event of losses. Equities rallied, [...]
Fighting the Business Cycle – Longest War in History: Martin Armstrong
by Martin Armstrong The one war that never ends is how people constantly try to fight the trend. The ECB will buy bad government debt they created instead of doing what was necessary from the start – consolidate all state debt. That would have enabled the Euro to be a viable currency creating a reserve base that does not exist today. Instead, leaving each country with its own debt that was[...]
Russia and China ‘Furiously’ Buying Up Gold As “an Undeclared Global Currency Crisis is Underway”
Mac Slavo January 20th, 2015 A larger global currency shift is underway… And it may be happening much more quickly than anyone has realized. Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of thinking this is all routine. As Michael Snyder just[...]
Panic At Davos After Swiss Move As Bank Runs Accelerate And Financial System Begins To Implode
Today a man who has been uncovering critical information for 25 years told King World News there is panic in the air at Davos as the shocking Swiss move has bolstered record attendance at a time when the bank runs in Europe are accelarating and the global financial system is beginning to implode. Eric King: “Steve, as you know there is going to be record attendance at the meeting in Davos and[...]
Richard Russell Warns Great Forces Now Overpowering Central Banks – Expect Gold-Backed Currencies
After a wild week of trading that saw chaos erupt in Europe and the price of gold and silver soar, the Godfather of newsletter writers, 90-year old Richard Russell, warned that great deflationary forces are now overpowering central banks and the world is going to see gold-backed currencies once again. Richard Russell: “The great deflationary forces that are overpowering central banks[...]
Has A Loss Of Confidence After Yesterday’s Swiss Fiasco Started A Run On Gold?
With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday's Swiss fiasco has started a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic. By John Hathaway January 16 (King World[...]
The Market Gage- New Swiss Bank Policy Drives Gold, Silver, Platinum
January 16, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals, with the exception of palladium, are moving higher again this morning following yesterday’s much talked about policy change by the Swiss National Bank. Palladium has fallen to a test of [...]