Saturday, December 28, 2024

The Bond Market Has Collapsed, and What’s Coming Up Next with Michael Pento

by Kerry Lutz, Financial Survival Network:

Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt. Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries. He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying and is instead selling their balance sheet, adding to the supply from China and Japan.

MASKING THE BIOWEAPON — DONALD JEFFRIES

from SGT Report:

Author Donald Jeffries returns to SGT Report to unmask the tyranny, the bioweapon and plandemic 2.0, thanks for tuning in.

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GoldSeek Radio Nugget — Bill Murphy:

from GoldSeek Radio:

TRUTH LIVES on at https://sgtreport.tv/

The Bond Bubble Burst: Deciphering the Fallout

from Peak Prosperity:

TRUTH LIVES on at https://sgtreport.tv/

Collateral squeeze

by Alasdair Macleod, Schiff Gold:

The sell-off in precious metals continued as bond yields continued to rise and a strong dollar persisted. In early trade in Europe this morning, gold was $1822, down another $26, unchanged on the year. Silver traded at $21, down $1.17. Comex volumes in both metals declined from good levels, indicating that selling pressure is declining.

Mortgage rates are at a 22-Year High and Headed Towards Eight Percent

by Mish Shedlock, Mish Talk:

As mortgage rates surge to 7.7 percent, Goldman Sachs revises is 6.5 percent forecast.

Mortgage Rates Easily Launched to New Long Term Highs by Upbeat Data

Mortgage News Daily reports Mortgage Rates Easily Launched to New Long Term Highs by Upbeat Data

Mortgage rates were already close to the highest levels in more than 20 years yesterday–an unpleasant milestone that was easily surpassed after today’s Job Openings data came in much higher than expected.

The Fundamental Value of Gold Is Exactly 25 Times Higher Than the Paper Price of Gold

by Jon Forrest Little, Gold Seek:

Introduction – Gresham’s Law

Gresham’s Law states that the bad money pushes out the good money from circulation. This is playing out live today for those paying attention.

Recent Historical Example Here in USA

In the mid-1960s, the US Mint, under the direction of the Department of Treasury and Federal Reserve, removed silver from dimes, quarters, and half dollars. Once they introduced the copper-clad equivalents (debased), the good money (silver coins) started being collected by the people paying attention (it took a while), and as the inflation of the 1970s intensified, all the silver coins were almost entirely out of circulation (into private collections) leaving only the copper clad substitutes for silver.

Peter Schiff: Banks Have a Bigger Real Estate Problem Today Than They Did in 2007

by Peter Schiff, Schiff Gold:

Most people in the mainstream will scoff at that statement. They’ll tell you that the situation is very different today. After all, we don’t have a big problem in the subprime mortgage market. We’re not seeing a big spike in defaults. That’s true. The problem is different this time. And it’s actually worse.

Most people will acknowledge that there are problems in the real estate market. Home sales continue to decline as mortgage rates climb. Pending home sales fell more than expected in August, with the National Association of Realtors’ Pending Home Sales Index falling to the lowest level since September 2022.

TRIGGER FOR NEXT FINANCIAL IMPLOSION

by Jim Quinn, The Burning Platform:

The U.S. banking system and likely, the global banking system, is essentially bankrupt. They just won’t admit it and central bankers won’t let them admit it. These “brilliant” Harvard Business School and Wharton trained financial geniuses thought it was a great idea to load up their institutions with mortgage and Treasury bonds when they were paying 0.5%. Now the ten year Treasury is 4.58%. Even a dolt like AOC or Pelosi should know bonds lose value when rates go up.

Why Are U.S. Firms Buying Up All The Farmland In Ukraine?

from The Jimmy Dore Show:

TRUTH LIVES on at https://sgtreport.tv/

The End of the Road for the Dollar

by Alasdair Macleod, Schiff Gold:

With the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar?

This article describes just how precarious the fiat dollar’s position has become.

For now, the dollar appears to be buoyed up by rising bond yields. However, as they rise further portfolio losses for foreign investors are likely to increase, leading to dollar liquidation. It is not generally realised how many dollars and dollar securities are owned by foreigners, the bulk of them being held outside the US banking system. And the quantity of foreign currency owned by Americans to absorb this selling is very small in comparison.

Did Gold Bars Just Become An Impulse Buy?

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by John Rubino, John Rubino’s Substack:

Can’t wait for silver ..

One of the tough things about buying gold is the complexity. You have to find a dealer and look up their prices, choose a coin or bar from dozens of options, call in the order, and wire a large amount of money to people you’ve never met. Then comes the stressful wait while your cash is gone but your gold hasn’t yet arrived. To jump through all these hoops, you really, really have to want the stuff.