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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label negative interest rates. Show all posts
Showing posts with label negative interest rates. Show all posts

Wednesday, October 19, 2016

Former Goldman Sachs analyst who predicted 2008 crisis now telling investors to get into gold as we enter new recession

Despite the recent pullbacks in the gold price over the past month, one well respected analyst and investor stated in an interview on Oct. 19 that gold will not only go much higher during the next financial crisis that is inevitable because of negative interest rates and geo-political uncertainty, but that it is the most stable 'currency' to have your wealth stored as in what is to come.

Raoul Pal is a former Goldman Sachs analyst and trader who now owns a proprietary company called Global Macro Investor.  And while admitting he is and has never been a gold bug, he and many of his investment peers are all recommending gold as a necessity in the world's current and fragile monetary environment.

Mirror, mirror on the wall, which asset is most mispriced of all? According to a Goldman Sachs alum who predicted the financial crisis in 2008, it’s gold. 
The precious metal should be a lot more expensive when the likelihood of a global financial collapse and a move toward negative interest rates is accounted for, says Global Macro Investor founder Raoul Pal, who now sees a U.S. recession within 12 months. 
Uncertainty about Brexit and the timing of a Federal Reserve rate hike triggered a rush into the dollar, which often moves inversely to the metal. (Higher rates can work against gold, but the metal becomes a safe haven if the economy slows.) 
“As we get to negative interest rates, gold is a good place to park your cash,” said Pal, who discussed his outlook with MarketWatch in a September interview and a follow-up conversation over email. 
“I’m not a gold bug,” the former GLG Global Macro Fund co-manager — who is also watching the dollar closely — “but this is the currency I would choose now.”
Pal, an economist and strategist, also co-founded Real Vision TV, which conducts interviews with prominent investors. Many of his recent guests share his enthusiasm for gold, according to Pal. 
“All the really serious thinkers are interested in gold,” he said. - Marketwatch

Wednesday, September 7, 2016

Negative interest rate blowback: businesses in Switzerland having to take out insurance on their money already stored in banks

When central banks implement monetary policies never tried before, there are always ramifications that take place that no one could have forecast.  For example, in both Germany and Japan there has been an incredible run on safes because individuals are flocking en masse to get money out of the banking system and store it within their domiciles to avoid negative interest rate (NIRP) fees or bail-ins.

But in Switzerland the consequences of NIRP have sparked a different reaction as businesses holding large amounts of deposits in their banks are taking out insurance on their money that they currently keep in a bank.

Why?  To mitigate the losses the banks will take from them due to negative rate fees.

Only unlike Japan and Germany, the Swiss are much more subtle about their cash hoarding than telling the neighborhood they have a stash of cash in their home by publicly buying a safe; instead, as Bloomberg reports, more and more companies are taking out insurance policies to protect their cash hoards from theft or damage
"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs.
Where the Swiss also differ from many other nations is that numerous local banks have already passed on negative rates to their wealthiest customers. The SNB imposed NIRP in early 2015, charging banks for excess deposits. Many lenders including UBS Group AG and Credit Suisse Group AG have passed on at least some of the burden, they don’t disclose how much, to cash-rich clients like asset managers and big companies. 
Meanwhile, a fascinating arbitrage has emerged between NIRP and insurance costs: Helvetia Holding said it charges about 1,000 francs ($1,020) a year to insure 1 million francs, a fraction of the 7,500 francs a company would pay to park the same amount in a bank for a year, assuming the lender passes on the full charge. While that amount doesn’t include the cost of logistics such as transport or security features like reinforced walls, guards and alarm systems, those may not be an issue for the wealthiest clients who already own their own safes and have their own means of transportation of the physical cash. - Zerohedge
Perhaps instead of paying out extra money each year to insure your money from confiscation, loss of purchasing power, and other consequences of NIRP, businesses and individuals should instead store their excess reserves in physical gold, which is much more easily stored in a safe, and is a silent rebellion to the policies of central banks who no longer have any idea what they are doing.

Saturday, August 13, 2016

Got gold? German bank to issue a .04% charge to depositor accounts starting in September

Beginning in September, the first German bank, Raiffeisen Gmund am Tegernsee, will start charging some deposit holders a fee of .04% for monies they hold in accounts within their institution.

Back in June both the European Central Bank (ECB), and shortly after the German Bund, went into negative interest rates, meaning buyers of securities within these two entities would end up receiving less money when their securities reaches maturity.

And as negative interest rates continue to implode the European and Japanese bond markets to the tune of over $14 trillion, banks are now starting the process to charge their own retail customers for holding their money in these banks.

Earlier this week, Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. 
Starting September, for savings in excess of €100,000 euros, the community’s Raiffeisen bank will charge a 0.4% rate. That represents the first direct pass through of the current level of the ECB’s negative deposit rate on to retail depositors. 
“With our business clients there’s been a negative rate for quite some time, so why should it be any different for private individuals with big balances?,” Josef Paul, a board member of the bank, told Bloomberg by phone on Thursday. 
The good news is that “as it looks today, charges on deposits won’t be extended to customers with lower amounts” than 100,000 euros. However, that may (and likely will) change at any moment. - Zerohedge
With nary a paper investment available to provide investors and savers a return, or even protection for their money, the only alternative remaining to keep from losing everything to central bank and government policies is to move wealth into physical gold and silver.

Monday, July 25, 2016

Got your wealth in gold? Dutch bank to begin negative interest rates on customer deposits

Until now, negative interest rates pretty much were only affecting sovereign debt, and to the tune of over $13 trillion to date.  But on July 24 one bank in the Netherlands is now setting the precedent to institute negative rates on common depositors, meaning that it will now cost you money to hold your cash in a business checking or savings account.

Negative interest rates are the desperate concoction of central banks to try to force people to spend into an economy rather than save for emergencies or the future.  And when you add in the fact that banks in Portugal and Italy are both standing on the cusp of new taxpayer bailouts, any money that you own or control is quickly becoming fair game for banks and governments to seize to protect their own financial insolvencies.

ABN AMRO 3
One of the largest Dutch banks, ABN Amro, has now warned its business clients a negative interest rate on the business accounts is in the works. The bank is currently updating its terms and conditions and will more specifically include its right to reduce the interest rates below zero as the bank wants to ‘protect itself’ against the continuously changing market circumstances. - Zerohedge
Fortunately, there are a few ways that you can protect your wealth from confiscations, bail-in, or loss of purchasing power, and that is through the ownership of bitcoin or gold.  And in particular, in a company, business, or process that allows you to store it in that asset, but have it available to be interchangable with any currency you need to be able to pay bills, purchase products and services, or simply just to keep it outside the banking system.

Wednesday, July 20, 2016

This could be the greatest time in history to own or invest in gold

For the most part, gold has not been seen as a pure investment over time because in the annals of history, it had been primarily owned and controlled by governments who used the metal as money in most societies.  In fact, people easily had access to gold, or through their gold backed paper currencies, and used it for purchasing things rather than as a wealth protector, or as an investment.

But when the world went completely off the gold standard in 1971, the monetary properties of gold changed.  And 45 years later, one analyst believes that right now could be the greatest time in history to own and invest in gold because the financial system has never been in a worse place than it is today, and the world is about to enter what will be known as the era of perpetual bonds.

I’ll dare to suggest this is the greatest time in history to own gold, and not because it is going “vastly higher”. It’s because gold now has more institutional respect than it has in decades. 
“Perpetual Bond Thunder” is the new gold price driver in play, and it has the potential to influence major markets for many years into the future. 
Japan may lead the world with a sizable launch of perpetual bonds that feature no interest rate and no maturity date. 
Ben Bernanke is probably the biggest money printer in the history of America. He is now working hard to convince Japan to lead the world with a huge launch of perpetual bonds. 
It’s a scheme to monetize the huge Japanese government deficit. 
Perpetual bonds are known as “perps” amongst institutional money managers. If they are used in the manner suggested by Ben Bernanke and other top bank economists, they have the potential to allow Western governments to continue to operate huge fiscal deficits, with the only cost of running those deficits being the “minor inconvenience” of destroying the purchasing power of most fiat currencies. - Stewart Thompson of Graceland via Silver Doctors

Monday, July 18, 2016

Economist who called for banning cash now says he would buy gold

One of the banking cartel's most outspoken economists is suddenly singing the value of owning gold.  And in an interview over the weekend, the chief economist for Citi said that in today's negative rate environment, owning gold as part of a currency portfolio is a must.

Citi economist Willem Buiter was one of the first to call for a banning of cash last year as central banks stood on the precipice of lowering interest rates into negative territory in the hopes of stimulating consumer spending.  But as the outcry against eliminating physical currency created the backlash that helped drive gold prices up since the beginning of the year, Buiter is now backtracking and seeing gold ownership as an important hedge to central bank policies.

In the books of most gold lovers, Citigroup’s chief economist Willem Buiter is noted down as the man who thinks gold is a “6,000 year bubble.” 
However, in a recent interview with Epoch Times [Skip to 38:00 in the video], he presented a much more nuanced position and said he would even own gold as part of a diversified portfolio of currencies.  
“It competes with other fiat currencies, the dollar, the yen, the euro. And if these currencies now yield negative interest rates or are at risk of negative yields in the U.K. and the United States, then the currency that at least has a zero interest rate, looks better.” 
“Gold, in times of uncertainty and especially in days of uncertainty laced with negative rates, looks pretty good. “ - The EpochTimes

Thursday, July 14, 2016

Even insurance companies are buying gold to protect their capital as bonds become negative

Insurance companies use the monies they acquire from policy holders to grow their capital to support needed claims, as well as expand their business.  For publicly traded insurance companies this is vitally necessary to help them comply with their fiduciary responsibility to shareholders, as well as to earn enough profits to give out dividends or be able to lower premiums for their customers.

A major investment tool that insurance companies have used for years to grow their capital has been the bond markets.  But with these markets residing in an environment of both zero and negative interest rates over the past decade, many are faced with having to find a new form of asset or security to ensure their capital is protected, and that some modicum of growth is created.

So in light of this, some insurers and re-insurers are turning to gold to supplement their investing.

How do you know when the world’s economic, financial and monetary systems are in trouble? 
Answer: When re-insurance companies, whose sole purpose is to insure other insurance companies, start to panic into gold and begin hoarding cash it’s probably a reliable signal that things aren’t going as well as our central bankers’ best laid plans imply. 
That’s exactly what’s happening right now: 
A real paradigm shift is taking place in the markets…  Even one of the world’s second largest re-insurers is now buying physical gold… They’re even adding physical cash… This is the insurance industry’s insurance company… They are the risk experts and they now are buying physical gold bullion and storing physical cash… The importance of this move is possibly the most significant flow of capital that you will see in your lifetime… - SHTF Plan
Insurance is a $1.2 trillion industry, and that does not include re-insurers or other complimentary businesses that function within this environment.  And if a critical mass of them decide to turn to gold to hedge against the loss of interest they formerly got from purchasing bonds, the gold markets would dry up in a flash, and the price would skyrocket far beyond all-time highs.

Wednesday, July 13, 2016

Gold rally to continue as higher prices will spark new buyers to jump in the already tight market

A new report out on July 12 suggests that the ongoing gold rally will not only sustain itself going forward, but will spark much higher prices as new buyers come into the already tight market.

Analysts from both UBS and Credit Suisse are in agreement that the gold bull market has barely begun to move because the amount of investors and buyers have been very limited so far.  And they assess that once the price breaks through a certain point, it will spark an unlimited amount of buyers who see gold as a much more secure bet in today's environment of negative interest rates and helicopter money.

Gold Rebound Linked to Fall in Interest Rates
It’s been a stellar six months for gold investors. The yellow metal has surged 28 percent year-to-date, its best first half of the year since 1974, and there are signs that the rally is just getting started. That’s the assessment of analysts from UBS and Credit Suisse, who see gold entering a new bull run. According to UBS analyst Joni Teves, gold could climb to $1,400 an ounce in the short term on macroeconomic uncertainty, dovish monetary policy and lower yields. 
“These factors,” Teves writes, “justify strategic gold allocations across different types of investors” and should encourage hesitant investors to participate. 
Joining UBS in forecasting further gains is Credit Suisse, which sees gold reaching $1,500 by as early as the start of next year. As Kitco reports, Credit Suisse analyst Michael Slifirski writes that “the surprise Brexit vote has solidified and intensified macro and political uncertainty and extended the time frame for a negative real rate environment in the U.S. and potentially abroad.” 
This is precisely what I told BNN’s Paul Bagnell this week, using Canada as an example. The Canadian 10-year yield is sitting just below 1 percent, while inflation in May came in at 1.5 percent. When we subtract the latter from the former, we get a real rate of negative 0.5 percent—meaning inflation is eating your lunch. Like negative bond yields, negative real rates have in the past accelerated momentum in gold’s Fear Trade. - Forbes

Tuesday, July 12, 2016

As Japan prepares to dump helicopter money, Japanese consumers rush to buy gold to protect their wealth

Over the weekend, former Fed Chairman Ben Bernanke took a trip to Japan to speak with Prime Minister Shnizo Abe and central bank head Haruhiko Kuroda about the next phase of monetary policy which appears to entail the printing and giving of money directly to the Japanese people.

Known in economics as 'helicopter money' after Ben Bernanke's speech where he promised to do anything possible to keep the economy going, the Bank of Japan has reached the point where they have little to lose than to expand their money supply to infinite levels and give people direct cash to try to stimulate a 30 year recession.


When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to "secretly" meet with both the BOJ's Haruhiko Kuroda and Japan PM Abe, we warned readers that "something big was coming." 
As noted late last week, "Bernanke will be in Japan next week. It has been arranged for him to meet officials including Abe and Bank of Japan Governor Haruhiko Kuroda, according to a government official speaking on condition of anonymity. Bernanke is expected to discuss Brexit and the BOJ's negative interest rate policy with Abe and Kuroda, the official said." Reuters also added that "some market players speculate Kuroda might decide, in a surprise, to provide "helicopter money." 
We concluded as follows: 
So is it time? Is Bernanke about to unleash the next, and final, monetary policy evolutionary step, one which launches "helicopter money" in Japan, and if successful, brings it across the Pacific to the US? 
We don't know, but if anyone is still holding on to USDJPY shorts, now may be a good time to quietly close them out because if Reuters is right, and a "helicopter money" is about to be served for the first time in modern history, things are about to get very volatile, very fast. - Zerohedge
In response to this new insane monetary policy and the fact that saving in Japan is impossible under negative interest rates, the Japanese people are buying gold in droves, and realizing that the precious metal is the only way they will protect their wealth and save what little they have left before it becomes devalued into oblivion.
While in past decades, the natural instinct of Japanese savers when faced with financial uncertainty has been to rush into the "safety" of cash (after all why allocate funds to government bonds that yield almost, or less, than nothing) as we recently showed in Safes Sell Out In Japan and Demand For Big Bills Soars As Japan Stuffs Safes With 10,000-Yen Notes, now something has changed. That something is increasing loss of faith in Japan's currency. 
Take the case of Tetsushi Kudo, a 50-year-old office worker, who as Bloomberg writes, bought a one-ounce gold coin this month for the first time. With stocks slumping and zero percent interest on savings, he says it won’t be the last. 
"I want to buy gold every year as a birthday present for my daughter,” Kudo said at a store in Tokyo’s posh Ginza district where he made the 162,000 yen ($1,600) purchase. “She will thank me for the gift when she grows up because gold will have value wherever she goes.” 
Individual investors like Kudo drove a 60% jump in sales of the precious metal in June from May at Tanaka Holdings Co., the operator of Japan’s largest bullion retailer, as the yen’s rebound against the dollar made it more affordable. Why the surge into gold? Because far behind the glitzy facade of Abenomics, which is really just the BOJ intervening daily in the USDJPY via trust banks, and manipulating the Nikkei to give the impression that all is well, the people have checked out.

Sunday, July 3, 2016

Sweden begins ball rolling to try to cut off gold acquisition by the masses as price begins to soar

One of the major reasons why the bullion banks have been able to keep the price of gold and silver down over the past four years is because only 1% of Americans and Europeans actually own the physical metals, or have not changed their investing paradigms to seek intrinsic safe havens rather than trust in paper assets.  But since the beginning of the year, and with last week's 'shot heard round the world' in the UK over their Brexit vote, central banks along with sovereign governments are now deathly afraid the people will finally wake up and rush to the door to get their hands on precious metals.

And following the past two trading days of extreme movements upward in both gold and silver, one nation announced a sudden bank policy in which they will no longer allow bank deposits to be used to purchase gold or silver in an attempt to keep the masses from moving out of negative yield bonds and into real wealth protection.

Tavex
Best customer, 
We hereby announce that as of 15:30, Thursday, June 30, 2016, we can no longer accept bank transfers or bank deposits for gold and silver to our Swedish SEB account. 
The reason for this is that SEB - at very short notice - informed us that they will close down our bank account. This decision has, unfortunately, been made without first consulting us, and in addition to state in its notification letter that the decision to close our account due to “a general business decisions,” they have not yet given us any concrete reason why they decided to take this measure . 
The banking system in Sweden is operated however vigorously towards a cashless society, as you probably are aware of, and Tavex has, as one of the largest wholesale suppliers of physical notes and investment metals in Sweden, as we see it become a target for the major commercial banks. 
With that said, we are working frantically to set up a new payment system that we believe will be operational in two to three weeks. - Tavex Guld & Valuta via Silver Doctors
It is beginning in Europe, but how long until the U.S. issues their own banking restrictions where you can no longer purchase gold or silver, have your paper ETF accounts seized, or the Mint suddenly elects to shut down its supplying bullion dealers, and those who do not have gold already will be left wanting, and out in the cold.

Tuesday, June 28, 2016

Former Fed Chairman Alan Greenspan says if we went back to a gold standard, the global monetary system would be fine

There is a new adage based off an old one that goes, in the land of negative interest rates, the one without yield is king.  This of course is a reference to our ongoing global fiat currency system that is now at $10 trillion in negative yields and counting, versus gold which intrinsically has no yield unto itself, but protects wealth by never losing purchasing power despite inflation or deflation.

And with the world's central banks at a nexus where they no longer have any options or solutions to stave off an oncoming liquidity and financial crisis, the architect of this system is changing his tune and advocating that the ONLY real solution, and answer to the world's monetary problems is a return to a gold standard.

Former Fed Chairman Alan Greenspan: "If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine.  Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard.  I'm known as a gold bug and everyone laughs at me, but why do central banks own gold now?" - Zerohedge

Tuesday, June 21, 2016

Japan’s 75 year old finance minister intimates that the elderly should die to aid economy

Perhaps it’s time we add euthanasia to the monetary polices of Keynesian ideologues after the 75 year old Finance Minister for the nation of Japan intimated that all the elderly should keel over and die to aid their insolvent economy.
In a speech given recently to prompt the wealthy in Japan to stop saving their money and instead spend it more, Taro Aso referenced watching a television show which featured a 90 year old woman being fearful of the future, and wondered to himself about ‘how long she intends to keep on living’.
Read more on this article here...

Tuesday, June 14, 2016

Bitcoin jumps $50 overnight, reaches two year high against the dollar

2016 is quickly becoming the year of the alternative or non-dollar forms of money.  Since January, gold and silver have outperformed every other currency, and are in fact two (gold being number one) of the best performing assets for the year.
But there is another form of money that has risen in value just as much as gold and silver, but is hardly being mentioned at all in the mainstream.  And with a sudden jump overnight of over $50 in relation to the U.S. dollar, Bitcoin has now risen to its highest point in the past two years.
Bitcoin chart
Read more on this article here...

Tuesday, May 17, 2016

George Soros dumps stocks to buy gold as calls for a return to gold standard accelerate

Lately we have been talking about billionaire Wall Street investors and fund managers who have suddenly gotten on the gold bandwagon for the first time in five years, and on May 16 we can add another name to this list...

George Soros.

George Soros is an extremely polarizing individual who tends to get involved in sovereign politics despite the fact his allegiances lie elsewhere.  But the one thing that can be said about his investment acumen is that when it comes to the direction of money, his calls are usually in line with future outcomes.

So when the hated billionaire decides to not only dump his equity holdings in the stock market, and buy gold with the expectations of either a new financial collapse or perhaps something greater, it is a signal that he knows something many others do not.

Soros also more than doubled his SPY puts to 2.1 million shares, or a value of $431MM, up from $205MM the previous quarter. 
But more notably was Soros' significant return to gold, after he acquired 1.7% of Barrick, making it the firm’s biggest U.S.-listed holding. This marks a prominent return to gold for Soros, who dissolving his stake in Barrick in the third quarter of last year. 
Soros also disclosed owning call options on 1.05 million shares in the SPDR Gold Trust, an exchange-traded fund that tracks the price of gold. It was unclear if Soros has been influenced by Druckenmiller who earlier this month at the Sohn Conference, called gold his largest currency allocation as central bankers experiment with the "absurd notion of negative interest rates." - Zerohedge
Yet besides the folly of central banks around the world, there may be another purpose behind jumping into gold and gold miners by the former raider who nearly bankrupted the British Pound so many years ago.  And that purpose may be found in the ever rising look towards a return to the gold standard in some form or fashion, which has been accelerating since the Fed, ECB, and BOJ have called for an end of cash, and move towards negative rates.
When times are tough, new economic theories get a better hearing. Maybe some old ones, too. 
The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe new life into it. Decades ago, the amount of cash circulating in a country was often limited by the stash of bullion held in its coffers. 
Especially since 2008, developed-world policy has headed in the exact opposite direction, expanding the powers of central banks to stoke growth. Helicopter drops of money, potentially the next new thing, would be a giant leap further. 
For those in the U.S. who see much risk and little benefit in the current course, gold is still a rallying point. And their audience may be growing. 
“The fringe has become the mainstream,” said Jesse Hurwitz, a U.S. economist at Barclays Capital in New York. He sees the gold standard as a bad idea but “something we’ll increasingly talk about.” - Bloomberg

Monday, April 18, 2016

Negative interest rates in Europe lead Austria to highest gold sales in history

While the U.S. and most of the Western economies talk down gold and the need to protect your wealth in a physical asset, one sector of the Eurozone is setting new records for physical gold sales in the wake of negative interest rates.

In 2015, the nation of Austria set a new record for gold sales, with a 215% increase over the previous record set one year earlier.  And their 1.3 million ounces sold was greater than all sales made between the U.S. and Australia mints combined.


The Austrian Mint sold 1.3 million ounces of gold in 2015. This was up 215% from 2014 when the Austrian Mint sold 910 million ounces of gold. Austrian Mint gold sales in 2015 exceeded the combined 2015 U.S. Mint American Gold Eagle and Perth Mint gold sales. 
Austrian Mint spokeswoman Andrea Lang told Bloomberg News that the Austrian Mint’s gold sales were a reaction to the negative interest rates instituted across the European Union. A common knock against gold is that it doesn’t pay interest. That complaint is neutralized when gold is compared against cash deposits, which lose money by remaining in bank accounts and are subject to potential “bail-ins” whereby depositors may lose some of their deposits if the banks where they keep their money become insolvent. 
Gold was the best performing asset in the first quarter of 2016 and the Austrian Mint expects sales to remain strong through 2016. Indeed, in the first quarter of 2016, the European Central Bank announced additional stimulus and took interest rates further into negative territory. These initiatives should make gold even more attractive to cash depositors in Europe. - Finance.Townhall.com

Monday, March 14, 2016

Got Karatbars? Jim Willie states 'Lehman Moment' now ongoing and only solution is return to gold standard

Statistician and economist Dr. Jim Willie has a long and accurate track record of financial forecasts going back to before the 2008 Credit Crisis that changed the global financial system forever.  And following the Bank of Japan's failed new policy of negative interest rates a few week's ago, and last week's failed stimulus announcement coming out of the European Central Bank (ECB), Dr. Willie reported in his latest newsletter that a new 'Lehman Event' was already underway, and the debt crisis that nearly took down the world's financial system seven years ago cannot be resolved by what central banks have done, and are doing now through zirp, nirp, and quantitative easing.

In fact, Willie's only solution to stave off the meltdown that is taking place as we watch is for a return to the gold standard, and backstopping the over $230 trillion in sovereign debts with precious metals.

A systemic Lehman event is in progress, as the global financial structure is collapsing. The only remedy is the Gold Standard installation, which is happening, but its architects are from the East. They are labeled as enemies, when the root problem is in the Western banking hive. 
Following the Lehman failure, every possible wrong decision was made, in vigorous pursuit of continued fraudulent money and sustained criminal banking enterprise. To be sure, no solution or remedy or reform has been sought. What comes is a new systemic Lehman event, in a crash of the global bond, banking, and currency systems together. - Jim Willie via Silver Doctors
Interestingly, this new assessment by Dr. Willie comes just three days after the National Archives released documents tied to the 2008 financial crisis, and in them it showed that not only did the Federal Reserve not see the collapse coming, but former Fed Chairman Alan Greenspan said that the central bank was incapable for predicting any crashes despite having access to all the data, and employing hundreds of Ivy League economists.


Here is Allan Greenspan meeting with Dixie Noonan et al on March 31, 2010: 
This is a reason why the Board is getting an unfair rap on this stuff. We didn’t forecast better than anyone else; we regulated banks that got in trouble like anyone else. Could we have done better? Yes, if we could forecast better. But we can’t. This is why I’m very uncomfortable with the idea of a systemic regulator, because they can’t forecast better. 
This comes from the person in charge of the most powerful central bank in the world; a world which now is reliant exclusively on central bankers for its day to day pretend existence. - Zerohedge

However, several economists outside the banking system and government did forecast correctly the bursting of the housing bubble, and the subsequent credit crisis that led to the death of Bear Stearns and Lehman Brothers, and resulted in a taxpayer bailout that has now run into the tens of trillions of dollars.

There are always warning signs of a coming financial event if we choose to pay attention to them, and once again we are in one of these times.  And as we see with the current crop of 'financial experts' all around the world in places like Japan, Europe, and the United States, you will never be told when the next event will take place unless you bypass the so-called experts and look to those who don't have a stake in the game like the Peter Schiff's, Dr. Jim Willie's, and Gerald Celente's of the world.

And if these signs are now screaming at us a like a flock of black swans, and the solution appears more than ever to be a return to gold to save the global economy and sovereign currencies, how can you protect yourself and your wealth when all your investments and assets are tied to a system on the brink of collapse?

You can do so 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.

Thursday, March 10, 2016

Got Karatbars? China sees 25 percent decline in exports and ECB goes to zero as Draghi fires new bazooka shot at economy

Five years after beginning the global push for low interest rates and massive stimulus, central banks continue to have to do even more just to sustain economies from falling back into the Great Recession.  And despite the fact that they also continue to jawbone the mantra that the economy is doing well, and in recovery, it is quite confusing that they seem to ignore the actual data, yet feel a requirement to intervene in greater and greater ways as if the global economy was on the precipice of collapse.

This is why two major data points this week should be warning signs as to the real state of the global economy, and why central banks have been casting their 'bread upon the waters' for potential policies like negative interest rates (NIRP) and the banning cash.  And while ECB head Mario Draghi today didn't quite enter full tilt into NIRP on their lending rate, they did remove the last remaining basis points (bps) and took it full down to zero.


(1) The interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, starting from the operation to be settled on 16 March 2016.  
(2) The interest rate on the marginal lending facility will be decreased by 5 basis points to 0.25%, with effect from 16 March 2016.  
(3) The interest rate on the deposit facility will be decreased by 10 basis points to -0.40%, with effect from 16 March 2016.  
(4) The monthly purchases under the asset purchase programme will be expanded to €80 billion starting in April. - To the Death Media
Yet Europe's continued economic woes are not the only signals marking a return towards recession and a coming collapse event.  In China, where GDP growth declined to under 7% for the first time in several years, exports fell over 25% for the 4th quarter, showing that nations are finding it difficult to purchase goods for domestic retail, and validating the immense and historic drop in shipping via the Baltic Dry Index.



So with the global economy showing signs of a new recession, and central banks like the Fed, ECB, and Bank of Japan still implementing monetary policies that belie the propaganda of economic 'recovery', where does that leave you as an individual to protect yourself from markets that are sustained only with intervention, and currencies that are fighting one another to see who can devalue the most the fastest?

You can do so with the best performing asset of 2016... gold, and you can do this with the best company in the world that is built on helping you buy affordable gold no matter the swings in price.

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.

Monday, March 7, 2016

Got Karatbars? In the politics of money, gold Trumps cash

It is completely disingenuous, and perhaps even ironic, that central banks continue to say they will do everything possible to stimulate the economy and protect the financial system from collapse.  But the truth of the matter is that from day one, all the policies they have implemented, or talk about implementing, are little more than facilities to funnel the wealth of a nation up to the top 1% at the expense of the rest of the people.

The latest scheme of course is a combination of negative interest rates and the elimination of physical cash, but history has shown that neither of these programs have ever stimulated anything, and instead have been the precursor to complete collapse as people do the exact opposite of the bank's intended purpose, and that is to get their money out of the system and into safe havens such as gold and silver.

But most importantly, the downside risk of negative interest rates is the deterioration in confidence in not only the central bank and entire banking system, but the underlying currency (Dollar) which since 1971 has been backed only by the strength and military of the government, and not by a tangible physical resource.
There are also downside risks to negative rates at an operational level about which we know little. While charging commercial banks to hold reserves sounds simple in theory, in practice, implementing negative rates requires sophisticated management of an increasingly complex financial system. The U.S. money market is the largest in the world, with trillions of dollars at play. The money market plays a crucial role in providing liquidity to help business meet short-term financing needs. Negative policy rates might risk a "break the buck" scenario, which could be extremely disruptive. - CNBC
However, isn't it disturbing to note that central banks in fact haven't been willing to use every tool available to them?  And instead of simply doubling down time and time again to find ways to create more debt after it has worked so well (sarcasm) over the past five years, they not only refuse to discuss the potential of returning to a gold standard (which worked fine for nearly 200 years), but they have also vehemently attacked it as 'ancient' or 'barbarous'.  This should speak volumes to everyone that central banks are not fit to control monetary policies as their Keynesian ideologies have warped their thinking to the point that they are willing to do the same things over and over expecting a result that will never take place.



It is also interesting to note the division between the two political parties in how they see both gold and the current dollar system, and which ones have even a modicum of understanding of finance and economics.
The right predominantly supports, or at least appreciates, the gold standard. In addition to Ted Cruz’s direct advocacy presidential contenders Donald Trump, Rand Paul, Ben Carson and Mike Huckabee have made sympathetic statements. Jeb Bush has professed open-mindedness. - Forbes

The elite in general hate gold because it is the one form of money that regulates their ability to print currencies at will, even to the point of economic destruction.  No government or central bank that has run on a system of fiat currency has ever been able to make it function over a long period of time since the greed of politicians and bankers will always expand the paper money supply to the point where confidence by the people is completely lost.



There is a reason why nations outside the U.S., and in general Western economies, are stockpiling gold in historic volumes.  It is because they have come to the realization that we are long past the time in which a purely fiat currency can sustain itself before complete devaluation, and are preparing for a return of the one true form of money that has worked, without or without political and central bank approval, for over 5000 years.

You too can be prepared for the return to the gold standard that is coming, where gold 'Trumps' cash, and where your wealth is protected in something of real value.

And you can so 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.

German banking association recommending banks stockpile cash for loans to stimulate economy

On March 4, the Bavarian Banking Association recommended to its member banks that they take out all their deposits being held with the European Central Bank (ECB) and stockpile the cash for use as loans in order to stimulate the economy.  This recommendation comes as the ECB prepares for negative interest rates, and the charging of interest to banks under their authority for sequestering cash in their facility.
Like with the Federal Reserve in the U.S., ever since the ECB began its own form of quantitative easing and zero interest rates, banks within the Eurozone have simply borrowed cheap money from the central bank and either bought government bonds or parked it with the ECB where they received a modicum of interest.  This has resulted in a sharp slowdown in the velocity of money, and a massive decrease in lending to businesses and the general economy.

Read more on this article here...

Wednesday, March 2, 2016

New survey shows that as more countries go to negative rates, people will take their money out into cash or gold

Now that the negative interest rate genie is out of the bottle, the one thing banks and governments are watching with extreme focus is what people will do in response to the fact that the money they have in accounts will be worth less, or taken in fees due to the lowered rates.

And we may already have the answer to this as a new survey taken in several different countries shows that on average 80% of the people will take their money out of the banks if negative rates are implemented, leaving them to hold wealth in cash or in another store of wealth like gold.
In an attempt to fill this gap, ING commissioned IPSOS to survey around 13,000 consumers across Europe and - for comparison purposes - in the US and Australia to ask them how they have responded to low interest rates and how they might react to negative interest rates (ING 2016). 
The survey then asked how they might react if rates went negative. Although there is room to doubt if all respondents might actually react as they say if this became a reality, the strength of feeling revealed by the survey is striking. Only 23% of the total sample said that they would do nothing in response (see Figure 3). This compares with 69% of the sample who said that they have not changed the way that they save in response to low interest rates so far. 
The survey suggests that crossing the zero bound is a major psychological shock to consumers. The negative reaction to the possibility of negative interest rates is an interesting application of the behavioural economics concept of ‘loss regret’. Feelings evoked by seeing interest rates cut from, say, zero to -0.5% are stronger than those from 1% to 0.5%. The difference is that the former is perceived as an outright loss, while the latter merely as a smaller gain. 
There are also political and cultural dimension. Many will see negative rates as an unfair ‘tax’ on small savers, particularly in cultures that celebrate saving as a virtue. In this respect, a significant minority of 11% would save more (Figure 3).  Nearly 80% of savers would respond to negative interest rates.