by Ed Steer Yesterday In Gold & Silver The gold price got sold down a few dollars right at the 6 p.m. EDT open on Sunday evening in New York. It rallied back to unchanged within a few hours, but all four attempts to rally above unchanged during the Monday trading session were met by a willing seller. Then, once the 1:30 Comex close was in, the not-for-profit seller[s] sold gold down some[...]
Tag: US Dollar
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[...]
Jim Rogers: World to Pay ‘Terrible Price’ for Central Bank Antics
Monday, 27 Oct 2014 09:02 AM By Dan Weil Central banks around the world have been easing big-time over the past five years, and the results won't be pretty, says star investor Jim Rogers. "The central banks have been printing staggering amounts of artificial liquidity," he told Reuters TV. "It's going to come to an end. I don’t know if it's coming to an end now. When it does end, we're all[...]
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[...]
Your Personal Gold Standard – James Rickards
There isn’t a central bank in the world that wants to go back to a gold standard. But that’s not the point. The point is whether they will have to. I’ve had conversations with several of the Federal Reserve Bank presidents. When you ask them point-blank, “Is there a theoretical limit to the Fed’s balance sheet?” they say no. They say there are policy reasons to make it higher or[...]
Why the Fed Will Continue to Print Money in 2015
by James Rickards - Posted Oct 20, 2014 Editor’s. Note: On Oct. 6, 2014, Jim Rickards was interviewed by Bloomberg TV for his thoughts on gold, currency manipulation and the overall strength of the global economy. You can read the transcript below… Bloomberg TV: I wonder, Jim, how you… First your reaction to that statement that the economy is stable… at least relatively. Are [...]
Russians Stunned By China’s Move To End Western Dominance – KWN
King World News speaks with John Ing about China's plan to monetize gold and Russia's reaction toward this strategy to end Western dominance. Ing also spoke about the currency wars which are breaking out that will only add fuel to the global fire. Also included in the interview is information never reported in Western media such as the massive purchases of physical gold by China and the many[...]
Russians and Chinese are Ditching the Dollar as Europeans Start Using Renminbi in Their Reserves
by Simon Black on October 17, 2014 New York, USA At present, US dollar accounts for roughly 61% of the world’s foreign exchange reserves. It’s still a safe bet for most, not because the currency is actually strong, but because so many others are already so reliant on it. Between those with reserves in and pegs to the US dollar, many countries have given their allegiance, and now have a[...]
Why Is the Put-Call Ratio (Fear Gauge) Higher Than in the Lehman Collapse of 2008?
by Charles Hugh Smith - October 14, 2014 The rising fear may reflect a shift in sentiment from faith in the omnipotence of central banks to skepticism. Editors Note - The US Dollar is strictly a faith based currency "full faith and Credit." Once this delusion is lost, life in the US enters a realm unimagined by the unprepared masses...and precious metals go to the moon. By at least one[...]
12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy
By Michael Snyder Most people that discuss the "economic collapse" focus on what is coming in the future. And without a doubt, we are on the verge of some incredibly hard times. But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term economic collapse that we are already experiencing. In this article I am going to share with you 12[...]