Apple is down 2%. The big gold ETF, GLD, is down 1.4%.
These moves are happening on a day when the market is basically flat. It’s not an accident that they’re diving together.
The reason is: During the immediate post-crisis era, gold and Apple were huge outperformers, that were uncorrelated to the day-to-day “risk on, risk off” regime that was dominating financial markets.
Remember, investors are desperate to find uncorrelated assets that don’t just [...]
A simple act of cash changing hands could become a lot less private. U.S. researchers have developed a new way of embedding traceable chips within “smart” paper—raising the possibility of banks and governments guarding against counterfeiting and even tracking the usage of paper money.
The new method of embedding radio frequency identification chips (RFID) in paper came from North Dakota State University in Fargo. Researchers used a patent-pending technology—called Laser Enabled Advanced [...]
In one of the most popular articles that appeared on this site, we explained how 600 different forms of paper based money have all disappeared. Recorded history shows not one case where a form of paper based money has continued its existence. At best, some have survived a bit longer than the others.
When talking about paper based money, we refer to forms of money that are not backed by any tangible [...]
Economic Armageddon Is Imminent
George Soros knows something dreadful is coming. The Rockefellers know something big and bad is about to happen. That something big is the imminent collapse of all fiat paper money currencies around the world. In their secret Bilderberg meetings, the globalists have positively planned the exact date of our financial demise. You can even bet the next “black whatever day” will coincide with an ironic date which [...]
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a “bear market” for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During [...]
by Phoenix Capital Research
Inflation has arrived.
While the mainstream financial media and government data continue to ignore it, inflation has begun to erupt around the globe. The signs are already clear:
Civil unrest due to higher costs of living (the Arab Spring, China, Africa, etc.)
Demands for higher wages (US, Germany, South Africa, Middle East, etc.)
There are three primary reasons for these inflationary trends:
We live in a global financial system of fiat or [...]
CANADA INCLUDES BAIL-IN PROVISION FOR SYSTEMICALLY IMPORTANT BANKS IN 2013 BUDGET!
*BREAKING SD ALERT
Just as DieselBOOM accidentally admitted Monday, it appears that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone!
SD has been alerted to an alarming provision that has been buried deep inside the official 2013 Canadian Budget.
Titled ECONOMIC ACTION [...]
By Michael Lombardi, MBA for Profit Confidential
We need to learn from this example…
Similar to the U.S. economy, only years earlier, theJapanese economy also burst following a boom in real estate prices. To help revive its economy, the Bank of Japan brought interest rates to near zero in 1999 and has done several rounds of quantitative easing since. The central bank of Japan has increased its balance sheet to 166 trillion yen. (Source: Wall Street Journal, [...]
A MIND BLOWING lecture by Shiekh (not Sheikh) Imran Hosein on the how & why of the inevitable collapse of the dollar and the paper money system.
If you – like me, are not into (organized) religion, you should skip the first 10 minutes and start the video at 10:30.
I PROMISE YOU, IT WILL PLEASANTLY ENLIGHTEN & BRIGHTEN YOU!
(And of course, when you’re not completely satisfied – but you will be, a refund [...]
Sound Money Campaign: “Economists Love To Hate Gold
The Sound Money Campaign website (an excellent initiative by the way) just released an interview with Jay Taylor. It is a “must listen” interview as several interesting insights are revealed. Triggered by the seeming propaganda against the metals in the past two weeks, Jay Taylor shares his take on the metals, our money and gold miners.
I think there’s no question there is a [...]
Marc Faber Warns: Stocks Have ‘Peaked Out’
The stock market has “peaked out” and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC.
“I think we have made an intermediate top, and it could be a longer-term top,” he said on “Fast Money.”
Fed Members Admit Endless Bond Buying Will Not Fix Economy
Word of dissension at the Fed sent the stock [...]
February 21, 2013
During the January meeting of the Federal Reserve, some members of the central bank admitted the obvious – a tidal wave of nearly worthless paper money will not turn the economy around and the Fed’s bond-buying program will create dangerous inflation and “foster market behavior that could undermine financial stability.”
Fed minutes reveal “a number of participants” in disagreement with the bond-buying scheme. An ongoing review of the practice “might [...]
Dow, S&P End at New 5-Year Highs, Nasdaq Closes at 12-Year High; GOOG Tops $800
Stocks finished modestly higher across the board Tuesday, with the Dow and S&P 500 logging fresh five-year highs, lifted by optimism for more M&A deals and after positive economic data from Europe.
Homebuilder Confidence Falls
This is the first decline in eleven months, as the National Association of Home Builders’ monthly confidence index now stands four points shy [...]
Venezuelans have just been experimenting one of the risks associated with paper money.
Actually, they just lost 46% of their purchasing power in a single day, following the Venezuelan government’s decision to devaluate the bolivar by 46%, from 4,30 to 6,30 bolivars (to the dollar).
The currency war to the bottom is raging on the international scene but, contrary to other countries (Europe, USA, Japan) using obscure language, like ‘quantitative easing’ and [...]
Today’s AM fix was USD 1,663.50, EUR 1,242.16 and GBP 1,057.94 per ounce.
Friday’s AM fix was USD 1,669.75, EUR 1,245.15 and GBP 1,059.55 per ounce.
Silver is trading at $31.24/oz, €23.40/oz and £19.99/oz. Platinum is trading at $1,720.75/oz, palladium at $748.00/oz and rhodium at $1,220/oz.
Cross Currency and Precious Metal Table – (Bloomberg)
Gold fell $3.20 or 0.19% on Friday closing at $1,668.60/oz. Silver edged down to $31.31 in early New York [...]
With Japan, China and the U.S. all pursuing weak-currency policies, other major economies are retaliating. The WSJ’s Deborah Kan speaks to James Rickards of Tangent Capital Partners about whether the drive to devalue will set off a trade crisis.
As developed countries like Japan and the U.S. try to kick-start their sluggish economies with ultralow interest rates and binges of money-printing, they are putting downward pressure on their currencies. The loose [...]
Celente – The 2013 Financial Collapse Will Be One For The Ages
Today top trends forecaster Gerald Celente told King World News the Western world is heading into a massive financial collapse in 2013. Celente also provided KWN exclusively with a small portion of a frightening new piece from the former Assistant Treasury Secretary under Ronald Reagan, which is contained in the interview below.
Celente went on to discuss what is happening [...]
I’ve been discussing stocks recently (mainly with myself :) and would like your opinion.
I believe, that in the comming economic apocalypse, most/all paper value will return to its intrinzic value (zero). We can all agree, that paper money and bonds will be worthless. What about stocks?
I believe that most stocks will crash, for three reasons: There is no actual wealth or wealth prodcution attached to the stock; the stocks are [...]
November 25, 2012
Yet another reason the US government hates gold, unlike dealing with paper money in bank accounts, there is no way they can stop international trade in gold and it is difficult to track gold movements.
Turkey on Friday acknowledged that a surge in its gold exports this year is related to payments for imports of Iranian natural gas, shedding light on Ankara’s role in breaching U.S.-led sanctions against Tehran.
The continuing trade [...]
from Money News:
Economist and author Detlev Schlichter says governments now have two stark choices: stop printing money and spark economic tumult, or keep printing money and risk total currency collapse.
Both choices are grim, and holding physical gold is the safest course of action, he wrote on his website. Schlichter is the author of the book “Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown” and [...]
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson
History records that the money changers have used every form of [...]