If a major financial crisis was approaching, we would expect to see the “smart money” getting out of stocks and pouring into government bonds that are traditionally considered to be “safe” during a crisis. This is called a “flight to safety” or a “flight to quality“. In the past, when there has been a “flight to quality” we have seen yields for German government bonds and U.S. government bonds go way down. As you will see below, this is exactly what we witnessed during the financial crisis of 2008. U.S. and German bond yields plummeted as money from the stock market was dumped into bonds at a staggering pace. Well, it is starting to happen again. In recent months we have seen U.S. and German bond yields begin to plummet as the “smart money” moves out of the stock market. So is this another sign that we are on the precipice of a significant financial panic?
Dane Wigington, founder of Geoengineering Watch joins me for an hour long interview about one of the most critical issues facing humanity, geoengineering and the destruction of our environment. Please share this information and take a stand. Our very lives depend on it.
On HAARP, Geoengineering and California: “Not only is California a target, it’s likely that California is a climate sacrifice zone… on the current course, if we stay on this course, mathematically speaking everyone goes down. On the current trajectory, nothing lives. We must change course.” – Dane Wigington
Another day, another completely expected gold and silver Comex smackdown!
While we stacking warriors have done some of our best fighting during these past few months/years, some of our critics have only grown louder on days like today. That’s ok. Let them preen and squawk all they want to. It makes no difference to me. After all, there is so much going on behind the scenes, which continues to point to silver being the place to be, that the evidence is overwhelming at this stage..
Case in point, last week, you’ll remember that I mentioned over 11 million ounces of silver moved either in or out of the Comex system, within just 5 business days. A record, to be sure, but there’s more to the story than just the mere tonnage of silver that was transferred.
Harley Schlanger, Historian and National Spokesman for LaRouchePAC joins us to decipher all the latest fascist tyranny in the “Land of the free”.
On the Asian Infrastructure Investment Bank: “Obama drew a line in the sand and said to our allies, “You must not join the AIIB.” And one by one our allies have turned their back on him.”
On the California Drought: “This IS a form of population reduction. Jerry Brown stated last week the nature of California can sustain only 300,000 – 500,000 people. Now you’ve got 39 million people in that state, what’s going to happen to the other 38.5 million? This is a genocide waiting to happen.”
On Jeb VS. Hillary 2016: “These two candidate represent everything that is terrible about the last two decades in the United States. And yet they’re being portrayed as inevitable.”
On American populace: “Americans are CLUELESS on these broader issues.”
“This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men.”
‘Whatever happens, the [1997 Asian currency] crisis probably signaled the beginning of the end of the American empire and a shift to a tripolar world in which the United Statse, Europe, and East Asia simultaneously share power and compete for it.’
Chalmers Johnson, Blowback, 2004
The bucket shop has been fairly quiet, at least in terms of physical activity. There were some ounces of gold claimed as ‘delivered’ last Friday as noted on the report below. But other than that the warehouses remain quiet, with little gold flowing in or out, and silver being ‘pushed around the plate.’
Someone corrected me to day saying that the Comex was never intended as a physical market, but as ‘a means to manipulate prices.’
Many investors think that we could never have a crash again. The 2008 melt-down was a one in 100 years episode, they think.
They are wrong.
The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.
THE Crisis concerns the biggest bubble in financial history: the epic Bond bubble… which as it stands is north of $100 trillion… although if you include the derivatives that trade based on bonds it’s more like $500 TRILLION.
The Fed likes to act as though it’s concerned about stocks… but the real story is in bonds. Indeed, when you look at the Fed’s actions from the perspective of the bond market, everything suddenly becomes clear.
Nonsensical Reasoning is Concocted to “Explain” Day-to-Day Market Moves
We were wondering what could have triggered today’s move in the stock market that so promptly negated Friday’s sell-off. On Friday traders were allegedly worried about a) Greece (what, only now?) and b) China – where it was decided to limit margin trading somewhat and expand stock lending for short sellers in a vain attempt to slow the expansion of the world’s latest and currently strongest stock market bubble.
Neither explanation made any sense. If investors were really worried about Greece, they would have been worrying non-stop since late December at a minimum. Instead European stocks ex-Greece have experienced a near parabolic blow-off move to the upside, pushing them to the highest trailing P/E in history.
Like it or not, the age of robotics is dawning, and while some may hail this development as eminently beneficial to mankind, others are warning that a robot-filled world is not necessarily in the best interests of the human race.
It’s been years in the making, but the time has finally come: A new “family” robot is being produced and marketed as the ultimate companion, even though its technology gives it the ability to monitor everything in your household and, at some point, provide the treasure trove of intimacy to some government agency or corporation — or both.
The robot even has a name — “Jibo” (jee-bo) — and it can do a great many things, like talk to you, track your movements, engage in face and voice recognition, take photos and videos and even “educate” and “entertain” your children.
A driver for the pseudo-taxi service Uber is being hailed as a hero after he single-handedly put a stop to an erratic gunman’s rampage using his own concealed firearm.
Last Friday around noon, a driver for the company observed a group of people walk by his vehicle as he sat waiting in traffic at a Chicago intersection.
The 47-year-old driver, who has not been named in reports, next saw 22-year-old Everardo Custodio begin firing rounds at a crowd on the sidewalk, prompting the driver to pull his own concealed weapon, which he was legally permitted to have.
The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock. The game is balanced with wins, losses, and draws.
The new version is Rock-Paper-Silver and the definitions and rules have changed.
“Rock” represents hard assets and real assets such as gold, wheat, sugar, iron ore, and crude oil.
“Paper” represents paper assets such as fiat currencies, sovereign debt paper investments, gold futures paper contracts, interest rate derivative contracts, digital stocks held in a brokerage account, euros, paper gold certificates, yen, and many more.
Due to massive government subsidies given to farmers to grow genetically engineered crops in the past, U.S. food manufacturers and farmers are now being caught blindsided by the sweeping demand for non-gmo and organic crops. In a twist of irony, this is driving a massive increase of organic crop imports from nations that are largely free of bioengineering.
“Most of the corn and soybean shipments become feed for chickens and cows so they can be certified organic under U.S. Department of Agriculture guidelines. Organic poultry and dairy operators shun feed made with seeds from Monsanto Co. and other domestic suppliers in favor of foreign products even as the U.S. remains the world’s top grower of corn and soybeans. As a result, imports to the United States of Romanian corn rose to $11.6 million in 2014 from $545,000 the year before. Soybean imports from India more than doubled to $73.8 million.”
That the Clintons have made millions of dollars from speaking fees is no secret: just last summer it was revealed that the former president was paid $104.9 million for delivering 542 speeches around the world between January 2001 and January 2013, when Hillary left her job as secretary of state.
What is not known, and what will be revealed in a new book “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer, is something far more sinister: foreign entities made payments to the Clinton Foundation and to Mr. Clinton through high speaking fees expected, and received, favors from Mrs. Clinton’s State Department in return.
“Journalism is one of the devices whereby industrial autocracy keeps its control over political democracy; it is the day-by-day, between-elections propaganda, whereby the minds of the people are kept in a state of acquiescence, so that when the crisis of an election comes, they go to the polls and cast their ballots for either one of the two candidates of their exploiters.”
Upton Sinclair, The Brass Check
Rather than present someone else’s analysis, here is a simple checklist for you to consider, and a few simple questions.
Run down the performance over the last ten years or so of the Too Big To Fail Banks and assess them for yourself.
Is further deregulation the answer? Should we place even more power in the hands of the Banks themselves and then trust them to be good, or give that power to their own industry associations and instruments, including those attached to the revolving door?
I apologize ahead of time for the length of this post. The extreme length is a function of Harry Dent’s most recent diatribe on why you should not own gold and why you should “sell it short when he tells you to”. Mr. Dent has so many incorrect thoughts and what he calls “facts”, you might want to grab some popcorn for this one as we will correct the misstated facts and bogus logic. The best way to prove his logic faulty is to use his own words and charts as proof. We would like provide a link for you but reproduction is prohibited by copyright law. Since we cannot use his charts, I will describe and try to duplicate his charts. As I see it, Harry Dent is one of THE most dangerous writers out there …dangerous to the financial survival of anyone who reads his work.
His premise is simple, gold is a commodity rather than “money”, this is the very core of his miscalculation. He says gold will drop to $700 when the coming crisis hits and will possibly bottom in the $250 area. This drop will be caused by “deflation” as dollars will be destroyed via default and bankruptcies.
With the last remaining company finally releasing their year-end results, my top primary silver miners lost a combined $1.9 billion of net income in 2014. Two-thirds of the group reported significant write-downs (impairments), while the two of the largest companies suffered the highest losses.
Even though the group experienced record net losses, seven of the twelve actually enjoyed positive adjusted income. Let me explain. Companies report net income and adjusted income. Net income includes various items such as impairments, losses (or gains) on derivatives, hedges, investments or financial exchange losses (gains), and etc.
While these financial items are apart of their profit and loss statement, I like to focus on their adjusted income which removes these items in order to get a better idea of how well they are MINING SILVER. As I mentioned before, two of the largest silver producers in the group suffered huge net income losses due to large impairments, but their adjusted income wasn’t as bad.