Thursday, August 23, 2018
Fiat Currency Inflation, And Collapse Insurance / Currencies / Fiat Currency
By: Raymond_Matison
FIAT CURRENCY INFLATION, AND COLLAPSE INSURANCE
Insurance against fiat currency
Billions of people covering a vast land mass around the globe do not have insurance of any sort. Why? It is because they own few assets. No house, no car, just a hovel with no electricity or water at the foothills of some nondescript mountain. By contrast, those who live in advanced economies have assets worthwhile protecting against loss. Thus, we in America have homeowners insurance to protect against the loss of our dwelling, auto insurance to protect against the involuntary conversion of our movement conveyance into scrap metal, and to protect our financial assets against a lawsuit which could strip us of our savings and investment assets in the face of our fault in an automobile accident. Further, we protect our family’s income and savings by purchasing life or disability insurance. We buy insurance because we do have assets, and believe it worthwhile to protect those assets against unforeseeable loss, when the cost of that insurance is affordable.
Why is it then, that we do not protect our assets against the major foreseeable and persistent source of asset loss – that of loss in the value of our currency. Should we not have protection against inflation and the resulting loss of value or purchasing power in our fiat currency represented in our pension funds, stock or bond funds, or savings and money market account assets? We know and acknowledge that inflation robs us of our savings each and every year. Since 1971, even using the contrived statistics used in calculating the Consumers Price Index, the value of a 1971 collar is just worth $0.16 today. That is a very significant loss in value over a relatively short period of time.
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Thursday, August 23, 2018
How China’s Mobile Ecosystems Are Making Banks Obsolete / Companies / Banking Stocks
By: Ellen_Brown
The U.S. credit card system siphons off excessive amounts of money from merchants. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard?
It seems China’s new mobile payment ecosystems can. According to a May 2018 article in Bloomberg titled “Why China’s Payment Apps Give U.S. Bankers Nightmares”:
Read full article... Read full article...The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them.
Thursday, August 23, 2018
Gold Bullion Bank Charades and the Importance of Long-Term Thinking / Commodities / Gold and Silver 2018
By: MoneyMetals
Recently, I gave an inside look into the competitive and honest market in which precious metals dealers operate. It’s a market based on supply and demand for actual physical metal in the form of coins, bars, or rounds.
However, the futures market – where global spot silver and gold prices are set – is another story.
The supply and demand for actual physical bars is pretty much irrelevant when exchanging paper contracts.
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Thursday, August 23, 2018
GCSE Exam Results Day Shock - Video! / Personal_Finance / Educating Children
By: N_Walayat
It's GCSE results day today, where 600,000 16 year olds across England and Wales will have been busy popping down to their secondary schools to find out if they managed to get their target GCSE grades for the courses they intend on enrolling for September start.
Overall minimum pass grades awarded of C/4 are marginally down on last year but English is up, Whilst a C is a pass, given the competition to get accepted on courses then the ultimate objectives are to achieve the A* and 9 grades for selected subjects. So if a student is choosing to enrol on say 3 A-levels in September then the objective would be to achieve 3 A*'s in those 3 chosen subjects as a sign of having the capability to go on and achieve a similar grade at A level.
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Thursday, August 23, 2018
Is The 50-year Gold Mining Bear Market Coming To An End? / Commodities / Gold and Silver Stocks 2018
By: Hubert_Moolman
Gold stocks is in a 50-year bear market when measured in gold. This (very) roughly means that on average, it has been more economical to buy gold rather than to mine it.
Interestingly, South African gold mining production peaked two years after, in 1970, as if to confirm that mining was getting rather uneconomical.
There are a peculiar set of reasons why gold mining was so uneconomical, and this I address in my other publications.
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Thursday, August 23, 2018
Big Money and the Big Lie / Currencies / Fiat Currency
By: Rob_Kirby
The picture below is one of the most important pieces anyone could look at to begin understanding the true nature/condition of our global financial system:
This picture depicts the life cycle of “ANY” fiat currency with compound interest. This concept is explained thoroughly by Chris Martenson on his web site under the moniker of The Accelerated Crash Course. I recommend everyone read it.
Thursday, August 23, 2018
Gold Stocks Crash! Now What? / Commodities / Gold and Silver Stocks 2018
By: Jordan_Roy_Byrne
Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they’ve recovered but only a tiny fraction of recent losses.
The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their December 2016 lows. It was the perfect setup for shorts to cover. That combination often results in at least a relief rally.
While a rally is underway, where it goes from here remains to be seen.
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Thursday, August 23, 2018
Car Pricing For Large Model Vehicles in 2018 / ConsumerWatch / Motoring
By: Dylan_Moran
Big cars are as popular as ever, but if you’re looking to buy a brand new big car in 2018, you need to know about the current value and costs of these bigger car models. Let’s take a closer look at some of the common big car model pricing for this year, along with what you need to keep in mind when shopping for a new car.Read full article... Read full article...
Wednesday, August 22, 2018
Is Gold Price On Verge Of A Bottom, See For Yourself / Commodities / Gold and Silver 2018
By: Chris_Vermeulen
The recent downward price swing in Gold has kept Goldbugs frothing at what they believe is a very unusual and unexplained price function in the face of so much uncertainty throughout the globe. With Turkey, Russia, China and many others experiencing massive economic and currency crisis events, Gold has actually been creeping lower as the US Dollar strengthens. It is almost like a “Twilight Zone” episode for Gold Bulls.
The setup for a gold rally has been in place for over a decade. Much like in 2006 through 2008, the current price and volatility of Gold is simply mundane. For the past two years, Gold has rotated between $1190 and $1360 – within a $180 range. Certainly, Gold traders were able to find some profits within this range, but no breakout trends have been established since early 2016 when the price of Gold changed from Bearish to Bullish and a 31% rally took place driving prices $328.80 higher from the lows.
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Wednesday, August 22, 2018
TRADING THE GLOBAL FUTURE - Bad Timing / Economics / Protectionism
By: Dan_Steinbock
This is the first of a three-part series.
In less than two years, the Trump administration has undermined more than seven decades of U.S. free trade legacies. That is both a reflection of and a catalyst for the further erosion of globalization.
Yet, these trade wars did not come out of the blue. The path to the tariff wars is becoming increasingly difficult to reverse or slow down, and the timing of the trade war could not be worse. It is taking place at a historical moment when global economic integration could further stagnate or even fall apart.
Wednesday, August 22, 2018
How US Trade War Is Spreading from Goods to Services / Economics / Protectionism
By: Dan_Steinbock
Trump tariff wars are entering a new, far more dangerous phase. As the White House is expanding its tariff wars, collateral damage is about to spread from goods to services – much of it in the U.S.After months of trade threats, the Trump administration announced its 25% tariff on $34 billion of Chinese imports effective in early July, while threatening levies on another $16 billion of imports. To defend its sovereign interest, China responded with 25% tariffs on $34 billion of US imports and recently imposed an additional tariff of 25% on $16 billion of US imports effective on August 23.
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Wednesday, August 22, 2018
Gold COT Data at Extreme Levels, which suggests Recovery Should Start Soon / Commodities / Gold and Silver 2018
By: The_Gold_Report
In his weekly precious metals market update, technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is down.
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Wednesday, August 22, 2018
US False Flag Election / ElectionOracle / US Congressional Elections
By: BATR
A conventional election cycle gets serious and begins when the Labor Day holiday is over. Well, there is nothing normal in a country which is divided among establishment statists, global corporatists, extreme anarchists, Marxists authoritarians vs. Trump 'Deplorables'. The prospects of the 2018 midterm U.S. Federal elections have the entire political structure of the power elites in a panic. The President ran on a platform as a 'Disrupter' and he has fulfilled the dismantling and substitution of many unaccountable Deep State operatives with honest public servants. Brace yourself for much more than the silly season of campaigns. Get ready that the danger level of a monumental false flag is upon us and that the country faces a shock heard round the world.
Wednesday, August 22, 2018
Just Take The Metals Out Back And Shoot Them! / Commodities / Metals & Mining
By: Avi_Gilburt
So, does my title appropriately capture the sentiment about metals right now?
While the title may seem a bit extreme to some of you, many are leaving the metals for dead, and others have already written their obituaries.
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Wednesday, August 22, 2018
How Will Ethereum Scale? / Currencies / BlockChain
By: David_Milsont
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Tuesday, August 21, 2018
US Treasury Bonds $TNX Curveball Update / Interest-Rates / US Bonds
By: Rambus_Chartology
Over the last several months or so I’ve been writing about the bond market throwing us a possible curveball. Instead of continuing rising interest rate we may see falling rates. Today the $TNX, 10 year treasury yield finally broke below the neckline we’ve been following that started to developing back in January of this year. I’ve labeled the H&S top as an unbalanced H&S top as the price action formed a second right shoulder that was a small H&S top. A backtest to the neckline would now come into play around the 28.65 area.
Tuesday, August 21, 2018
Historical Repetition in Gold and Silver Precious Metals Arena / Commodities / Gold and Silver 2018
By: The_Gold_Report
Sector expert Michael Ballanger muses on the potential for a historical reprise of market events of 2015-2016, as well as on how algobots and bankers affect the precious metals markets.
History doesn't repeat itself but it often rhymes. – Samuel Clemens (Mark Twain)
I decided that before I sat down to write the weekly recap and outlook for the gold and silver markets that I would go to a few of the great commentary sites such as Streetwise, 321Gold, Goldseek and Gold-Eagle and read what the other "experts" are saying about the precious metals markets before I attack the keyboard. Earlier in the week, I had been working on a Western Uranium Corp. story and was astounded how stress-free it was writing about an energy deal as opposed to a sound money deal. After perusing perhaps two hundred paragraphs from some pretty smart guys and gals, it occurred to me that we are all looking at the same data and the same charts and reading the same headlines in an effort to sound original in our assessment of the metals
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Tuesday, August 21, 2018
The Sunbelt is Dominating the US Housing Market / Housing-Market / US Housing
By: Harry_Dent
I’ve never read so many good articles and rankings on cities by growth, affordability, and desirability. Especially during a time when the real estate market is crazy!This is the last one I’ll bring you for now…
This study rates on three measures, population and housing, workforce and earnings, and business growth.
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Tuesday, August 21, 2018
Where to Trade Cryptocurrencies? / Currencies / BlockChain
By: David_Milsont
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Tuesday, August 21, 2018
Rent Your House: The Ultimate US Real Estate Strategy / Housing-Market / US Housing
By: Harry_Dent
I enjoyed two recent articles by Andrea Riquier at MarketWatch.The first was “The new housing play: helping priced-out renters become long-distance landlords.”
It was a strategy aimed at people living in unaffordable areas – like San Francisco, Los Angeles, Miami, or New York…
By renting there to avoid both high purchase costs and a major bubble burst (when it inevitably comes), you free up your borrowing power to buy a house in an affordable area where renting for income is more lucrative, and far less risky.
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