By Michael Brush The U.S. dollar, at its highest level in nine years, is about to fall off its perch. The decline will catch most investors by surprise and create sudden reversals in oil, coal and emerging market stocks. You can profit from this if you act now and buy those sectors — and bet against dollar. Continue reading at MarketWatch[...]
Tag: Financial Crisis
10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW
By Michael Snyder, on January 6th, 2015 If you do not believe that we are heading directly toward another major financial crisis, you need to read this article. So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes. History literally appears to be repeating, but most Americans seem absolutely oblivious to what is[...]
2015: A World Ruled by Hubris, Willful Blindness and Desperation
Issuing lies and pursuing willful blindness is not leadership: it’s failure on a grand scale. Rather than issue predictions for 2015, this week I’ll cover themes that I believe will be consequential in the year ahead. The first theme is the dominant psychological dynamic of global leadership, which can be distilled down to a toxic brew of Hubris, Willful Blindness and Desperation. Examples [...]
U.S. Gold Exports Jump 70% In September – US Determined to Impoverish Itself with Paper Money
According to the USGS most recent data, total U.S. gold exports increased significantly in September. Not only did U.S. gold exports surge in September, they were 70% higher than the previous month. From the SRSRocco Report: This was probably due to increased demand as the price of gold declined $80 during the month. U.S. exports started off very strong in January, reaching 80 mt (metric[...]
Americans are 40% Poorer than Before the Recession
By Quentin Fottrell The Great Recession is officially over, but Americans are still 40% poorer today than they were in 2007, the year before the global financial crisis. The net worth of American families — the difference between the values of their assets, including homes and investments, and liabilities — fell to $81,400 in 2013, down slightly from $82,300 in 2010, but a long way off the[...]
Bankers Want Your Savings As Part of Their Next Bail-Out
Keep a close eye on what savings you have left. The financial honchos have plans for your money. Ellen Brown, who writes at The Web of Debt is the only blogger that I am aware of who writes about the neoliberal machinations related to preparing for the next giant bank crashes. In a recent post she describes the latest plan adopted by the G20 nations. I believe this is crucial information for[...]
Savings Accounts are at Risk as Long as JP Morgan CEO Gets Everything He Wants
The CEO of America’s biggest bank, JP Morgan, appears to have Washington at his beck and call but is his push to repeal a key financial safeguard a step too far? COMMON SENSE ACTION - OWN PHYSICAL PRECIOUS METALS HELD IN A NON-BANK DEPOSITORY...AWAY FROM THE WALL STREET PLUNDERERS. If you want to understand what’s wrong with the US financial system, start by asking this question: why does[...]
Duck And Cover —- The Lull Is Breaking, The Storm Is Nigh
By David Stockman September 15, 2008 is the day that Lehman died and the moment that the world’s central banks led by the Fed went all-in. As it has turned out, that was an epochal leap into the most dangerous monetary deformation that the world has ever known. It needn’t have been. What was really happening at this pregnant moment was that the remnants of honest capital markets were[...]
Why You Should Be Prepared for Both Inflation and Deflation – James Rickards
Daily Reckoning Editor's Note: The debate over whether or not the US economy will experience inflation or deflation in the near term is an extremely heated one… According to our own Chris Mayer, two respected economists almost came to blows over it. But, as Jim Rickards explains below, there really is no debate, since they’re both equally likely. Read on… Today’s investment climate is[...]
China: Turning Away From the Dollar – Only the US Investor Remains Oblivious
By James Kynge and Josh Noble Questions remain over the global economic impact of Beijing’s efforts to reduce its financial reliance on the US When an economic theme goes global, Hollywood is never far behind. In the futuristic thriller Looper, retired hit man Bruce Willis travels back in time from the year 2074. Upon meeting his younger self, he advises him to stop learning French and[...]