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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, May 12, 2016

Keynsian shill blames the American people not spending as the reason behind slow economy

Forget the fact that inflation, higher costs for education, Obamacare taxes and premiums, and record rents are the primary reasons why Americans have shuttered their spending over the past eight years, and instead trust in journalistic propaganda that villifies consumers as the ones at fault for the slow economy.  Because this is the assessment of a so-called economic journalist for the Washington Post, who wrote on May 8 that if people just borrowed and spent, everything in the economy would be unicorns and rainbows.


Read more on this article here...

Saturday, May 7, 2016

Former U.S. Asst. Treasury Secretary says gold will go to $5000 and beyond when manipulation ends

Former Assistance Secretary of the Treasury Dr. Paul Craig Roberts spoke with Eric King of King World News on May 6, and reiterated his long-standing belief that the economy is and has been far worse off than the manipulated economic data is showing.  And that this manipulation goes well into the realm of gold suppression, where if bullion banks working in league with the Federal Reserve were to end their manipulation of gold, the price would explode to $5000 per ounce or higher.

Dr. Paul Craig Roberts:  “It’s entirely possible that if the Fed was not manipulating bullion prices, and if people realized the dire straits of the situation — that the Fed has created something like $4 trillion during a period in which the U.S. real GDP did not grow commensurately, such that the dollar is essentially devalued — then more people would want to own gold.  
And if the price wasn’t sat on by the bullion banks, then the gold price would explode.  It could go to $5,000.  The price of gold could go beyond $5,000… - King World News
It is this price suppression for gold that has led China to open the world's largest physical gold market, and implement their own new pricing mechanism just three weeks ago.  And when London and the Comex soon prove out that they have no gold to backstop their paper contracts which are the backstop for price determination in the West, gold will be released to seek its true market value, and skyrocket out from under a manipulation that would have already seen its price well above $3000 - $5000 since 2011.

Friday, May 6, 2016

Bad jobs report good for gold and bad for dollar as expectations of Fed hike diminish

Ever since the Federal Reserve raised interest rates by a quarter point last December, analysts have been forecasting between two and four more rates hikes in 2016 as the assumption that the economy is now 'doing well' has skewed expectations despite the real data denoting the world is in a global recession.

On May 6, these analyst assumptions took a massive hit as job numbers for April came in more than 40,000 less than expectations and the chance of a rate hike taking place in June, or the rest of the year, suddenly plunged to near zero.

What this means in the long run for both gold and the dollar is that it may be more likely that the central bank must change course and now put in a rate drop, as well as more quantitative easing back on the table, which will cause the dollar to weaken and gold to continue its rise as people and investors look for safe havens from Fed impotence.

As the global uncertainties have gripped the major economies of the world, most assets have lost their attractiveness to investors. Only gold’s allure remains, and we’ve seen a rally in precious-metal-based funds and other related investments. 
The Federal Reserve remained shy about a rate hike owing to the downward sticky inflation numbers that fail to give muscle power to the central government. While the inflation numbers run below the target 2%, the personal consumption expenditures index rose 1.3% in January year-over-year. The core inflation increased 1.7%, but the prospects for the same measure remain unchanged. The GDP (gross domestic product) growth expectations have also dropped since December. - Market Realist

Sunday, April 17, 2016

Consumer trust and hope in the economy falling

Late last week, the Atlanta Fed lowered their Q1 GDP expectations down for the third time in a week to .1%, yet the mainstream continues to dismiss any possibility that the economy is either moving into recession, or that it is already in one.  And at the core of their propaganda is the belief that the consumer is alive and well, and spending money assumed to have been garnered from lower oil prices.
But two new polls and surveys out on April 15 show that not only is this assumption a lie, but that trust and sentiment in the economy is falling rather than growing.
Read more on this article here...

Saturday, April 9, 2016

Economic growth falling fast as Atlanta Fed revises GDP estimates for 3rd time in less than a month

On April 8, the Atlanta Fed downgraded their Q1 GDP estimates for the second time in less than a week, and for the third time within the past 30 days.  And this comes just as earnings season for Wall Street companies are about to begin next week.
Since beginning the year with an announcement that GDP growth for the first quarter of 2016 would be above 1%, and calling for growth as high as 2.6% as recently as February, the Atlanta Fed has changed course immensely since March 15 and has called for growth estimates of .7%, .4%, and now .1% respectively since that date.
gdp q1
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Friday, April 8, 2016

On the cusp of 2008: Inflation at its lowest levels since just before the financial crash

Because the Treasury Department and the Federal Reserve decided to base our economy on debt around four decades ago, the most important indicator they must at all costs keep growing is that of inflation.  This is because to afford to either pay off or rollover the debts they accumulate, they must continue to increase the money supply to support this credit expansion.

But as we know from history, these policies have one major achilles heal, and that of course is the gold.  And it is why for the past six years of QE and Zero Interest Rates the Treasury and central banks have had to manipulate the price to keep it down, and keep it from revealing just how insolvent the system really is.
Today’s chart shows the annual inflation rate of advanced economies, which includes the U.S., Europe, and Japan. Inflation measures how fast prices for everyday goods and services are rising. Last year, inflation fell to its lowest level since the financial crisis. This worries central bankers. 
You see, central bankers don’t view inflation like most people do. They think inflation helps the economy grow. For the past eight years, they’ve done everything they can to stoke inflation. They’ve slashed interest rates. They printed trillions of currency units.
None of this has worked. Prices for everyday goods and services have barely increased. 
Central bankers are becoming desperate to increase inflation. We expect them to “double down” on the same bad policies they’ve been using since 2008. That could mean more interest rate cuts...more QE...or even helicopter money. 
Owning physical gold is the best way to protect your money from these reckless government policies. - Casey Research

Since the middle of 2014, increases in the money supply have resulted in a point of diminishing returns, where it takes on average $14 new dollars just to create $1 new dollar in GDP growth.  And this can be seen even today on April 8 when the Atlanta Fed lowered its estimated for Q1 GDP for the third time in one week, and down originally from 1%, to .1% in three separate cuts.

There is little more that the central banks can do to stabilize the economy, the dollar, or their insurmountable debt bubble.  And the only thing that you as an individual can do is protect yourself from what is coming by taking your dollars and putting them into the one asset that functions well in deflationary times, and even better during inflationary ones.


Wednesday, April 6, 2016

The power of gold: Russia's purchase of the metal was the key to their currency's rebound due to falling oil prices

Over the past three years, Russia's economy has been hit hard due to economic sanctions from the West, and falling oil prices in the global markets.  And while Russia was forced to sell off millions of dollar reserves early on to stabilize their currency following the imposition of these sanctions, it has been their ongoing accumulation of gold that has not only aided in the recovery of the Ruble, but also in limiting the duration of a recession brought on by these two-fold factors.

Here’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago. 
While the ruble’s 9 percent rally this year has raised the prospects that the central bank will start buying currency again, policy makers have instead used 13 months of gold purchases to take reserves over $380 billion for the first time since January 2015. The central bank will wait for the ruble to gain more than 12 percent to 60 against the dollar before it steps back into the foreign-exchange market, according to a Bloomberg survey of economists. 
Central banks including Russia added to their gold reserves with “renewed vigor” in the second half of 2015, accelerating their purchases as diversification of foreign reserves remained a top priority, according to the World Gold Council. Nabiullina then piggybacked on a 16 percent jump in bullion prices in the first three months of the year to move closer to the Bank of Russia’s target of $500 billion for its stockpile. It burned through a fifth of its reserves to prop up the ruble in 2014. - Bloomberg
Russia is proving beyond a shadow of a doubt that gold is not only money, but a much better form of wealth protection than the dollar, or any paper currency or asset.

Thursday, March 31, 2016

Q1 GDP estimates throw Yellen’s plan for future rate hikes in the crapper

On March 29, Fed Chairman Janet Yellen spoke at the Economic Club of New York to give a little more insight to the central bank’s future plans for monetary policy.  And in what was a mish-mash of contradictory points provided by the Fed Chair, where in one instance she praised the economy as being good while shortly after called for caution due to uncertainty in that same economy, it appears that data announced from the Atlanta Fed on Monday has invariably thrown all future rate hike possibilities in the crapper.
the Atlanta Fed will have no choice but to revise its Q1 “nowcast” to 1.0% or even lower,which would make the first quarter the lowest quarter since the “polar vortex” impacted Q1 of 2015, and the third worst GDP quarter since Q4 2012. It means one-third of already low Q1 GDP growth has just been wiped away.”
It was “even lower.”
Moments ago the Atlanta Fed which models concurrent GDP, slashed its Q1 GDP from 1.4% (and 1.9% last week) to a number not even we expected: a paltry 0.6%, which would match the “polar vortexed” GDP print from Q1 2015.
Should the number drop even more, will be the lowest since Q1 of 2014 when the US economy suffered its most recent contraction of nearly -1%. - Zerohedge
Read more on this article here...

Tuesday, March 29, 2016

America’s economic decline: 23% of all 23-54 year old workers unemployed

Imagine a family farm, which is run by two older patriarchs and the families of their offspring.  Now picture that the total amount of potential workers living on that farm is 6 out of a total of 10 people living there, with two being the elder parents, four being their two children and their wives, and the other four being grandchildren too young to account for much in labor.
Now imagine that one of the four adult children is unable to be employed because the patriarchs can’t afford to pay for their labor.  And added to this is the fact that the two ultimate parents have limited capacity to work and are available only part time.
This is a microcosm of the American labor system today.  And this example is validated by a new report out that shows that nearly one fourth (23%) of all able bodies Americans between the ages of 23-54 are unemployed, and offering little in the way of production for the overall U.S. economy during the prime capacity of their working lives.
Americans In Their Prime Working Years Not Working
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Monday, March 28, 2016

Marc Faber: As terror attacks continue to escalate, gold will be more desired than the dollar

In the wake of the tragic attacks in Belgium last week, and the growing number of terror events going on all over the world (including yesterday in Pakistan during an Easter gathering in a park), people as a whole tend to seek financial safe havens to mitigate fears that the economy will be adversely affected by the chaos and potential future consequences.  And according to economist Marc Faber over the weekend, many will seek to protect their wealth in gold rather than in strong currencies like the dollar.

"Overall, I’d be rather cautious about investments in equities..."  the editor and publisher of the Gloom, Boom & Doom report told CNBC's "Fast Money" traders this week.
However, "over the last 12 to 24 months, many sectors have had huge declines,...And I see here, there are some opportunities." 
"...US markets are over-valued." 
Faber also added that "I still think the mining sector has embarked on a new bull market." 
"[The U.S. dollar] is not a desirable currency," Faber explains, "I think the most desirable currency will be gold, silver, platinum and palladium." 
"I don't understand why the world is so enthusiastic about the US the long-run the US dollar will be a weak currency." - Zerohedge

Monday, March 21, 2016

Got Karatbars? China cornering global gold market as return to gold standard their final long game

Over the past decade, news of China's purchasing of gold from the Western banks has grown to the point where not only have they opened the world's largest physical gold market, but they also have accumulated a stockpile larger than most Western economies have combined.  And while this can be seen or attributed by some as a financial play to backstop their ever increasing debt bubble, the fact of the matter is this has always been the first step in a long game of controlling the financial system, and returning it back to one of sound money.

And while many wait breathlessly for April 19th when China is expected to announce its own competitive gold price, other steps are being taken under the surface which signify a move to corner the gold market entirely.

The headlines for gold these last few years have all focused on physical gold accumulation by China, Russia and Eastern central banks… but what they have missed is a 7,000 year old strategy that China is doubling down on… According to data compiled by Bloomberg, in 2013 asset purchases by Honk Kong and mainland miners increased by $2.2 billion. China is buying gold mines at a record. 
…By August of this year Chinese influence will have infiltrated the biggest financial institutions in the world with China only revealing their physical bullion above ground while saying nothing about their mine acquisitions. This explains their long-term strategy to implement some form of gold-backed currency. - Silver Doctors

In 1980 when the Hunt Brothers sought to corner the silver market, it drove the price up 20 fold to levels that were not seen again until 2010.  So imagine what gold will do today in this much more inflated money system where debts are measured not in the trillions, but in the quadrillions?

This leaves you and I with some tough choices, and ones that are difficult to get our heads around since we have all mostly lived in a period where the dollar has been king, and the U.S. has been the most dominant economy in history.  But just as most people, financiers, and economists never saw the 2008 crash coming, even fewer will see the usurpation of the American dream by Eurasia when it comes riding in on a golden horse.

So how can you protect what you and your generations have accumulated when the trumpet sounds for a new paradigm shift to a gold backed system, and policies that may emanate out of Shanghai and Hong Kong rather than from Wall Street and the City of London?

You can do this with a company called Karatbars

Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Wednesday, March 9, 2016

Even Rothschild is admitting the economy is in distress

Over the past few weeks we have had several major banks and hedge funds play down the recent stock market rally, and affirm that the bear market trend that started in January still has further to go.  And now on March 6, one of the highest of the elite went public and joined his voice to the growing mainstream chorus that 2016 will be one of financial and economic turmoil.
Jacob Rothschild, who is CEO and managing partner of both J. Rothschild Capital Management Limited and RIT Capital, wrote in a letter to his investors that ‘market conditions have deteriorated further, and that we may well be in the eye of a storm.’

Read more on this article here...

Tuesday, February 23, 2016

Karatbars affiliate V, the Guerrilla Economist interview on SGT Reports

Late yesterday, our very own Karatbar affiliate V, the Guerrilla Economist spoke in an interview over at SGT Reports on NIRP (negative interest rates), and what will happen to gold as people rush out of the banking system and into the safe haven of precious metals.

And like V's assessments, others are also forecasting the coming super rise in gold prices due to failing central bank policies and a new oncoming global collapse.

Earlier this month, as retail investors lost confidence in the global economy and broader stock markets, an air of panic began to set in. Reports indicate the lines were literally forming around the block at gold stores throughout London and elsewhere. It was, by all accounts, the very scenario one might expect in an environment where trust in government and central banks has been eroded. 
But it’s only the beginning, explains Auryn Resources executive chairman Ivan Bebek in an interview with SGT Report, as nation states and large investors are trying to get their hands on gold as fast as they can: 
Before any big move in gold we have always seen extreme volatility or volatility pick up. This was just a taste of what’s to come in the next few years… We’ll look back at this and be reflecting on how minimal this move was compared to what’s going to happen as we go forward… 
It’s a smart money trend… they can see where their countries are going… where the world economy is going… it’s surprising how late they are to the party… late to a very small door to get a bit of gold that’s out there… it’s going to be a remarkable reaction when that all comes to fruition. They’re just positioning themselves for what’s to come and that’s what they have to do. And getting back into the gold trade, the gold business and hoarding gold… they’re doing that because they see a very big gold market coming ahead like the rest of us. - SHTFPlan

New Gallup Poll shows most Americans feel China a more powerful economy than the U.S.

There is a reason why Presidential candidates like Donald Trump and Bernie Sanders are making powerful strides in the 2016 election cycle, and it is something that the mainstream fails to recognize.  And despite all the rhetoric and false data used over and over to tell the American people how good and strong their economy is, average citizens are rejecting this propaganda and making their views known in many different ways.
And one way is in how they are dispelling the pundit’s ‘recovery’ myth as a new Gallup Poll out on Feb. 22 shows that more than half of Americans believe China has a much stronger and powerful economy than the U.S. does.

Read more on this article here...

Tuesday, February 9, 2016

Removal of sanctions on Iran have suddenly made the Middle Eastern economy the new frontier

The nation of Iran has waited close to a decade to remove their U.S. imposed shackles and break out of sanctions that forced the oil producer to seek revenues from black market mechanisms.  But in just a few short months since Washington signed an agreement with Tehran to have their sanctions lifted, they are suddenly being courted by countries desperate to find a new market for their exports.
And like Africa was in the 19th century, Iran is suddenly emerging as a new frontier.
Iran is exporting 300,000 barrels of oil daily to European countries, Oil Minister Bijan Zangeneh said. The National Iranian Oil Company (NIOC) will soon finalize an agreement with France’s Total to sell 160,000 barrels a day to the company.
The minister added that the contract will be officially signed on February 16.
In addition to purchasing Iranian oil, “Total has indicated its readiness to take part in the development of South Azadegan oil field and Iran LNG project,” he was quoted by PressTV.
The necessary information on the projects will be provided to Total, and then the French oil giant will offer its proposals to the Iranian side. - Sputnik News

Read more on this article here...

Saturday, January 23, 2016

Global elite flock to Davos in a failed attempt to stop markets from collapsing

Yesterday marked the end of the annual World Economic Forum in Davos, Switzerland, and saw the world's elite and central bankers discussing plans for how to deal with an economic meltdown that former BIS Chief Economist William White called, 'worse than in 2007'.

Yet even with ECB head and former Goldman Sachs banker Mario Draghi stick saving the markets on Thursday and Friday with more rhetoric of new rounds of money printing, the core fundamentals of the global economy remain on a course for total meltdown.

Sunday, January 17, 2016

Venezuela in crisis: Oil nation put into 60 day state of economic emergency

Last week we focused on Canada, and the economic crises that has exploded across that country due to low oil prices, and massive debts created in the building of a housing bubble.  And with markets crashing all across the world over the first 17 days of 2016, the situation in another oil producing country is also dissolving into economic crisis.
On Jan. 15, Venezuelan President Nicolas Maduro declared a 60 day state of economic emergency for the South American nation in what appears on the surface to be an escalation of capital controls that have already destroyed their economy for almost a decade.

Read more on this article here...

Walmart! Macy’s! When will they finally admit consumers are broke?

Only on CNBC, and in the research rooms of the big banks, could Ivy League analysts have the temerity to spin consumer spending and retail data to be a vision of unicorns and rainbows (and don’t forget the skittles).  But for those looking at information at face value, it is impossible to deny that the economy is in recession.
And one of the data points that practically assures this truth is what is happening to retailers just weeks after the end of the Christmas holiday season.

Read more on this article here...

Thursday, January 14, 2016

Boom! Oil falls below $30 a barrel

It has taken only 12 days into the new year for a major prognostication to take shape in the global economy as the price of oil fell below $30 per barrel in intra-day trading.
Leading up to the beginning of 2016, several analysts on both sides of the spectrum (mainstream and alternative) forecasted troubling times for the economy should oil move down into the $20’s for an extended period of time.
Oil Chart

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Monday, January 11, 2016

Global financial system has two options: Collapse, or Jubilee

Back in 2013, Dr. Jim Willie reported on a secret treaty that was signed by more than 120 nations to bring about a currency reset, and the return of a gold backed monetary system.  However, this treaty was broken in early 2014 by none other than the United States when they financed the Kiev coup as a way to stave off their losing control over the world's reserve currency.

Following this event, China began to accelerate the means to end dollar hegemony by duplicating nearly all Western financial constructs through entities like the AIIB, the BRICS Bank, the Shanghai Gold Exchange, CIPS (Chinese SWIFT), free trade zones, and the new Silk Road.

Yet since nations were not allowed to facilitate this reset, economic and monetary destruction has simply increased, and as we see through the first week of 2016, the crossroads has now come upon the world which has a choice on what their futures will bring.

They can either choose collapse, or follow through with their original 2013 intention and declare a debt Jubilee.