| |
| Sprott Money |
| The Secret of Wealth Preservation - Jeff Nielson |
| We have a failure to communicate. The vast
majority of the investment public in the Western world has no understanding –
at all – about how to preserve and protect their wealth. Of the minority of the
investment community with some understanding of wealth preservation, almost
invariably it is a flawed understanding.
Understanding wealth preservation begins
with having a detailed and correct understanding of
“money”.
Understanding money begins with correctly comprehending the difference betweWednesday, December 23, 2020 |
|
 | Jesse - Le Cafe Américain |
| The Crash of 1929 - |
| "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today."
"There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good."
"The economy was changingThursday, October 29, 2020 |
|
 | Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatSaturday, October 24, 2020 |
|
 | James Turk - Goldmoney |
 What Did J.P. Morgan Mean  |
| The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress.
Mr Untermyer:
I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not?
Mr Morgan:
A control of credit? No.
Mr Untermyer:
But the basis of banking is credit,Saturday, August 15, 2020 |
|
 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
|
 | Mac Slavo - ShtfPlan |
| 2019: The Beginning Of The End (Free Premium Report) |
| Now that it’s 2019, we’re going to start the new year here at Peak Prosperity by responding to the wishes of our premium subscribers and making our most recent premium report free to everyone.
For those unfamiliar with our work, it’s based on the idea that humanity is hurtling towards a disaster of our own making. Several powerful and unsustainable trends Monday, January 14, 2019 |
|
 | Chris Powell - GATA |
| U.S. bank derivatives books larger since rescue of Bear Stearns |
| At the end of January 2008, in what would turn out to be its final annual report, Bear Stearns went into some detail about its big book of derivatives. The book had a notional value of $13.4 trillion at the end of November, Bear said, up more than 50 percent from a year earlier. A two-notch downgrade in the firm's credit ratings, it added, would require it to come up with an extra $353m in collateral.
This huge cluster of financial instruments -- swaps, futures, forwards, and options -- may not Sunday, March 18, 2018 |
|
 | Bron Suchecki - Goldchat |
| Once in Golconda |
| Once in Golconda: A True Drama of Wall Street 1920-1938
John Brooks
Allworth Press, 1969
p150: "Its [Wall Street] fixed star-money-had left its regular place in the heavens and begun to wander and dance and lurch. For generations the dollar had been held firmly fixed by a force that was accepted in banking circles as being equivalent to a natural law of astronomy, the gold standard-specifically, by the Treasury's pledge to redeem dollars with gold in any quantity for all comers at $20.67 per fiSaturday, March 17, 2018 |
|
 | Egon von Greyerz - Matterhorn AM |
| DERIVATIVES – A RECIPE FOR DISASTER SYSTEMIC COLLAPSE |
| Gambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around for thousands of years and maybe longer. The first 6-sided dice dates back 3000 years. Eventually gambling became more organised as casinos were established. The first well known casino was sThursday, March 15, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| Debt and Delusions – Part 2 |
| This article was written for Miles Franklin by Gary Christenson. Part one is available here.
The problem with debt is the creditor expects to be repaid.
Sovereign debt will be “rolled over,” never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can’t). That explains global debt exceeding $230 trillion today and official U.S. government debt approaching $21 trillion, with unfunded liabilities adding another $100 – $200 trillion. There aSaturday, March 10, 2018 |
|
| Bullion Vault |
| Gold and Silver Trading Down to New Euro Lows as ECB Cuts 42 Words on QE |
| GOLD and SILVER TRADING in London's wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens.
Platinum prices also fell hard against the Euro as the ECB cut
42 words first used in March 2016 from its monetary policy statement.
Friday, March 9, 2018 |
|
| Bullion Vault |
| 'Red Hot' US Jobs Data See Gold Bullion Lose 1-Week High as 'Trade War' Hits Yen, Beijing |
| GOLD BULLION slipped against a weakening Dollar in London trade Wednesday, retreating $10 from a 1-week high at $1340 per ounce as talk of a global 'trade war' spurred by US President Donald Trump grew yet again following the resignation of his top economic advisor, Gary Cohn.
After new data showed US factory orders falling steeper than expected in January, private-sector payrolls provider ADP today said the world's largest economy added more joThursday, March 8, 2018 |
|
 | Chris Martenson |
| Make Your Choice: Change By Pain Or Insight |
| Most experienced investors know the four most dangerous words are: This time is different.
It never is.
And yet one of my key predictions here at Peak Prosperity is that The next twenty years will be completely unlike the last twenty years.
So am I saying that things really will be different this time?
Yes, I am. But to understand why, you have to look closely at the unprecedented moment in history in which we live, as well as how the Three E’s – the Economy, Energy and Environment – all tie Saturday, March 3, 2018 |
|
| Andy Hoffman - Miles Franklin |
| Shelter From The Storm |
| This article was written for Miles Franklin by Gary Christenson.
Bob Dylan “Shelter From The Storm”
“I bargained for salvation and she gave me a lethal dose.”
What Storm? Why do we need shelter?
The stock market hit all-time highs in January, corrected, and might rally to new highs… or maybe not… See below.
Official unemployment is low if you believe the statistics and ignore the millions excluded from the calculations.
Inflation, according to official numbers, is low. New cars may have doubledTuesday, February 27, 2018 |
|
 | Michael Ballanger |
| What the Markets Have in Common with the Film 'Casablanca' |
| As I watched Wednesday's CPI (inflation) number reported by the Commerce Department, I was immediately reminded of that classic scene from legendary WWII flick "Casablanca," where Claude Rains, playing police Captain Renault, shuts down Humphrey Bogart's casino/nightclub with the immortal words, "I shocked—SHOCKED—to find out that gambling is going on in here!" The croupier hands him a wad of bills—"Your winnings, sir"—to which he says, "Oh thank you very much. Now everyone out of here!"
Well,Saturday, February 17, 2018 |
|
| Egon von Greyerz - Matterhorn AM |
| THE 2007-9 CRISIS WILL RETURN IN 2018 – WITH A VENGEANCE |
| US economics is extremely predictable. It doesn’t matter who is President and what party he comes from. Because every president will spend more money than the US can afford. On average, US Federal debt has doubled every 8 years since Reagan came to power in 1981. And Trump has just fulfilled the prediction. The budget deal that has been agreed is guaranteed to produce substantial deficits in coming years. The current year’s deficit might be just under $1 trillion but thereafter it is virtually gFriday, February 16, 2018 |
|
| Chris Powell - GATA |
| Robert Lambourne: BIS gold derivatives fall in December but remain hefty |
| * * *
By Robert Lambourne
Disclosures in the December 2017 statement of account published by the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc171231.pdf
-- indicate that during December the bank reduced substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the totTuesday, February 6, 2018 |
|
 | Rory Hall - The Daily coin |
| Russia Should Overtake China’s Gold Holdings in January 2018 |
| As we have reported on a number of occasions Russia has been moving ever closer to 6th position in global gold holdings and she is now within a handful of tons of physical gold to achieve the next step.
Russia added a recorded number of tons of gold to her gold holding in 2017 with 223 tons added to the central bank’s gold reserves. Please keep in mind that Russia has agreed to sell China between 80 and 100 tons of gold on an annual basis, so that would be in addition to what Russia added to herTuesday, January 23, 2018 |
|
| Mac Slavo - ShtfPlan |
| Central Banks Collusion: Global Debt Will Cause The Ultimate Destruction Of The System |
| Bestselling author Nomi Prins says the ultimate destruction of the economic system will be the global debt. Prins, who wrote the upcoming book titled Collusion: How Central Bankers Rigged the World, says that one tiny interest rate hike could destroy everything.
Prins says the debt is historically high, and that this will create untold problems whether governments want to admit it or not. Politicians cannot keep spending imaginary money that they don’t have and neither can regular everyday AmerMonday, January 22, 2018 |
|
 | Jim Willie CB - Hat Trick Letter |
Silver as a Strategic Metal and Why Prices Will Soar  |
| The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in Sunday, January 21, 2018 |
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