With stock markets weaker across the globe, today a 50-year market veteran warned King World News that a huge game-changer is about to strike. He also discussed the truth about what is really happening around the world. John Embry: “Yesterday we saw a surge in stocks and a smash in gold. The interesting thing was the supposed reason for the surge in stocks was related to discussion of possible [...]
Tag: silver
Beware the Money Illusion Coming to Destroy Your Wealth
By James Rickards Editor’s Note: Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence. Before you read today’s essay, please click here to see why it’s the resource every investor should have if they’re concerned[...]
6 Major Flaws in the Fed’s Economic Model – James Rickards
The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market in the world. The Fed may have [...]
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market [...]
The Market Collapse Investors Won’t Expect – Jim Rickards with Video
Ed. Note: Jim Rickards has just released a brand-new book, “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” You won’t find it in bookstores — it’s available exclusively for readers of his monthly investment letter, Strategic Intelligence. But this message is so important, we’re offering Daily Reckoning readers a chance to get a copy — free of charge. If you’re[...]
Central Bankers Move To Protect Themselves Ahead Of Historic Global Crash! – Richard Russell
As people continue to digest breaking news out of Greece and Ukraine, today the Godfather of newsletter writers, 90-year-old Richard Russell, warned central bankers are now moving to protect themselves ahead of a historic global crash. Richard Russell: "Everybody and his brother are talking about when the Fed may raise rates, but few are talking about why the Fed may raise rates. But Richard[...]
The Coming Wave of Creative Destruction – Martin Armstrong
QUESTION: You have said that we are in the middle of a shift in the economy similar to the Great Depression where agriculture crashed from 40% to 3% and this time it is government and technology. It seems that your warning of also moving to an electronic currency fits with your new age of skilled labor. So is this indeed part of your shift from the West to Asia? ANSWER: Yes. It was that shift[...]
Investors Still Aren’t Fully Awake to this Dollar Nightmare Yet – MarketWatch
By Shawn Langlois We are back on “patient” watch this week, with the Fed’s potential market-rattling precursor to a rate hike due midweek. Our call of the day predicts that, for now, “patient” will remain in the script and the Fed won’t be rocking the boat on interest rates (more on that below). Market behavior says: “I’m not so sure.” Volatility has been on the rise, and[...]
What Will Happen to You When the Dollar Collapses?
by Jeff Thomas Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it.[...]
The Endless Hopelessness of a Crushing Debt Contraction – and What to Do About It
Only mass default will end the world's addiction to debt ... As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults. – UK Telegraph Dominant Social Theme: This will end badly as it has to. Free-Market Analysis: This is another one of those hopeless articles that the mainstream media specializes in. There's nothing about it that provides any[...]