Category Archives: Uncategorized

How to Buy Gold at $273 Per Ounce

The Fed has backed itself into a corner. For seven years now we’ve been told the US is in a recovery. However, if this were the case, the Fed would have started raising rates years ago (likely in 2012). No other recovery on record saw the Fed maintaining ZIRP for

Inflation is Here and the Fed Wants More

The Fed failed to hike interest rates in March despite the “data” hitting levels at which the Fed said it would hike. Indeed, the Fed even lowered its expected number of rate hikes for this year from four to two! This confirms for us that the Fed does indeed want

Inflation Has Hit the US and is Only Going to Get Worse

The Fed is rapidly losing control. Core inflation has already broken above 2%. This happened when OIL was imploding. As well as commodities in general. Why does this matter? Because core inflation is ABOVE 2% at a time when commodity prices were FALLING. The Government HAS TO adjust its models

New Legislation Permits FDIC to Seize Bank Deposits for Bail-Ins

The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults, governments “defaulting” on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a

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Bank Deposits Are Now On the Hook For Bank Bail-Ins

Deposits That Go To Zero and Capital Controls for Two Years Canada has joined the “bail-in” posse. Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. The proposed plan outlined in the

a-cashless-society

The Bail-In Template: Bank Deposits That Can Go to ZERO

Deposits That Go To Zero and Capital Controls for Two Years Canada has joined the “bail-in” posse. Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. The proposed plan outlined in the

a-cashless-society

Cyprus Bail-Ins: the Template For What’s Coming to a Bank Near You

Deposits That Go To Zero and Capital Controls for Two Years Canada has joined the “bail-in” posse. Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. The proposed plan outlined in the

epa03629400 A woman   attempts to withdraw from an ATM in the centre of Athens only to find the machine is out of service,  17 March 2013. It appears that the sudden Bank crisis in Cyprus has also affected the Greek depositors.  EPA/KATIA CHRISTODOULOU

The Cyprus “Bail-In” Template is Coming to a Bank Near You

Deposits That Go To Zero and Capital Controls for Two Years Canada has joined the “bail-in” posse. Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. The proposed plan outlined in the

The Bounce is Over. The Next Leg Down Has Begun!

The markets are down sharply overnight. As I warned clients yesterday, it’s very likely the bounce is over. If you are not preparing for a bear market in stocks, you NEED to do so NOW. I can show you how. To wit… in the last 16 months we’ve closed out 

The True & Shocking State of the Financial System in Six Bullet Points

For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. Similarly, anyone with a functioning

Inflation Has Hit the US

The Fed is rapidly losing control. Core inflation has already broken above 2%. This happened when OIL was imploding. As well as commodities in general. Why does this matter? Because core inflation is ABOVE 2% at a time when commodity prices were FALLING. The Government HAS TO adjust its models

The Next Crisis Will Be THE Crisis

For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was

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The ONLY Buyer of Stocks Just Stopped Buying… Buckle Up

The rally of the last month has many scratching their heads. That is, until you realize: Most of it was driven by “short-covering.” The primary buyers of stocks today are corporations buying back their stock to juice EPS, not actual investors. Actual investors have been selling the farm. Central Banking

Here’s the Bounce… Is the REAL Market Collapse Just Around the Corner?

When it comes to analyzing long-term trends, the 10-month moving average has been a great metric for charting long-term bull market vs. bear market changes. The 10-month moving average has been a great metric for charting long-term bull vs. bear market changes. Generally speaking (there are of course exceptions) when

The Fed Just Confirmed Inflation is Here

As we warned last week, the inflation genie is out of the bottle… We now have confirmation that the Fed is aware of this… Two key Federal Reserve officials said Monday they expect inflation to get closer to the central bank’s target… Their comments came after data late last month

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