Strategist alarmed by frequency of technical pattern in recent days
The Hindenburg airship flies over Manhattan in one of its last journeys..
The dreaded Hindenburg Omen is back.
Named for the German airship that met its demise in a fiery crash 80 years ago, the appearance of this technical pattern sometimes portends a stock-market crash. Continue reading
“You can’t be for big government, big taxes and big bureaucracy and still be for the little guy.” ~ Ronald Reagan
“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” ~ John Marshall (1819)
The regulatory cuts ordered by President Donald Trump are already saving consumers billions of dollars. His next objective is tax cuts.
After deliberating about “tax reform” for the last six months, the GOP’s congressional leaders announced last week that they had reached broad agreement with the Trump administration on common principles and goals for tax reform measures that they aim to implement by year’s end.
Of course, Democrats quickly responded with a letter to Trump ostensibly expressing their “interest in working with [the GOP] on bipartisan tax reform,” but playing their class-warfare card: “Tax reform cannot be a cover story for delivering tax cuts to the wealthiest.”
The following is a transcript of an interview requested by a gold-friendly hedge fund.
Question: Professor Fekete, you are known as a staunch advocate of a return to the gold standard. But mainstream economists are saying a gold standard is not practicable and they are fighting the idea with everything they have. How do you answer their criticism?
Prof. Antal E. Fekete
Answer: To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of the gold standard. Yet in 1933 president Roosevelt confiscated the gold of the citizens, gave them irredeemable paper in exchange, and proceeded to write up the value of gold in terms of the paper by 75 per cent. Might makes right: if you cannot do it fairly and legally, then you can use the strong arm of the government to do it through chicanery, backed by the constabulary and the jail cell. Continue reading
It’s been a while, years in fact, but suddenly it’s gold’s time to shine again.
Gold: A primary building block of the “cockroach” portfolio. AFP/Getty Images
The yellow metal – insurance against systemic collapse, hyperinflation and infinite political stupidity – which in recent years has seen its popularity fade as the younger generation has gravitated toward the far faster moving crypto currencies – is once again back in the spotlight.
As UBS’ strategist Joni Teves, who has been recommending the precious metal for a long time despite the BOJ’s relentless suppression, writes “gold bounces from recent lows in line with other safe havens amid risk-off sentiment across markets following geopolitical headlines over the past 24 hours.” Below are the key considerations from today’s UBS note: Continue reading
Your questions on precious metals answered…
We start with two questions:
1. Why do some people say gold is money?
2. Should we believe those who say gold is useless and should therefore be ignored?
To help answer these questions, let’s turn to a tale of cigarettes and German prisoner-of-war camps. Continue reading
This week the International Monetary Fund shocked some economic analysts with an announcement that America was “no longer first in the world” as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out of the latest G20 summit; that the U.S. is fading away leaving the door open for countries like Germany and China to join forces and fill the power void. I wrote about this rising relationship between these two nations as well as the ongoing controlled demolition of America’s economy in my article ‘The New World Order Will Begin With Germany And China‘. Continue reading
Since I have never been a user of ATM’s, debit cards, on-line banking, and minimal use of a credit card I can’t imagine being told that my credit card or ATM account is denied. I’ve been with folks who have had that happen – they go to pay with their card and are told it has been denied.
Whatcha gonna do when you think you have a certain amount of ‘digits’ in your *account* but are told that it is EMPTY. I am not sure what I will do when they stop letting me use those FAUX dollars I call cash. That time is coming closer each day – I’ve read of many businesses that now will not accept CASH. ~ Jackie Juntti
The Future of Money
Not since the arrival of the almighty dollar has currency been poised for a more dramatic leap forward.
There was a time when people happily used chickens, pigs, or a nice pile of lumber as payment for a cow, some clothes, or anything else of value. And then some smart people got behind a breakthrough—they introduced currency.
‘BARTER” – F.S. Church, published in Harper’s Weekly, January 17, 1874, p. 61
I’ve talked to a lot of people about why it’s important to own gold and silver, yet I find that most people don’t fully grasp why. Many of the opponents to owning precious metals for preparedness reasons often cite that because they can’t eat it, it’s worthless as a prep.
First, let me just get it out there that I don’t advocate buying precious metals if you aren’t prepared in the other areas, namely food, water, cooking, shelter, defense and so on. Gold and silver aren’t going to do much for you if you’re not prepared to meet the basic needs of your family during a disaster or crisis event. Continue reading
“Rejoice in the Lord, always. I will say it again: rejoice! Let your gentleness be evident to all. The Lord is near. Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, give your concerns to God. And the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds. in Christ Jesus.” ~ Phil 4:4-7
I do believe that the queen and I are in the endgame now. She requires constant watching and care, and I rarely leave her side. I have been dealing with the short term emergencies and gathering the facts and resources together for next steps, as the situation calls out in its own good time. As anyone who has been involved in this sort of thing knows, it can drag on for much longer than one might expect — in the manner of the Fed’s serial asset bubbles achieved through top down stimulus.
There is a kind of a peacefulness amidst all this turmoil that at times seems almost beautiful. And, even when things get very bad, there are God’s tender mercies, if we can but keep our hearts and eyes open for them. (Read complete column at Dr. Kelley’s Victory Over Cancer)
Party on Dudes and Dudettes
Last week the festival of all festivals began, Glastonbury 2017. Ed Sheeran, Foo Fighters and Barry Gibb will each be singing to the 250,000 revellers who are currently on their way to Somerset. To those unfamiliar with Glastonbury it is a glorious few days in the countryside with camping and music. Every year there is far too much mud, lots of tears, alcohol, dodgy substances, hippies and great bands. Not to mention the fancy dress outfits and the toilets with questionable sanitary conditions. It is brilliant fun which everyone should try at least once. Continue reading
Global Civil Unrest? War? We Won’t Have To Guess Much Longer…
“Never let a crisis go to waste.” ~ Rahm Emmanuel
The algorithm is simple: Governments coerce their pet monkeys to pay taxes into the system – the self-perpetuating machine – and thereby the monkeys become the very sources of funding to build, equip, staff, and enforce their own incarceration.
There are too many individuals with dreams, plans, goals, and ambitions for themselves and their families. There is too much individualism. It eventually must be crushed, in order to maintain the existing social, political, religious, and economic order. The order will eventually blend all of the elements and “homogenize” them to assure mutual self-support for the overall goal: the supremacy of the State and the subjugation of the masses. Continue reading
A record 236 million people collecting some form of assistance from the Government
When we were self-reliant…
As the United States is still slowly recovering from the Great Recession, more Americans must rely on our nation’s safety net programs for their survival. As reported by Scholars Strategy Network, about one in four Americans live below or just above the federal poverty line. Continue reading
The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. This list doesn’t include the long-term structural problems with the economy, such as its high debt burden, but just the forces that have risen against it this year. Continue reading
The Number Of Self-Employed Americans Is Lower Than It Was In 1990
After eight long, bitter years under Obama, will things go better for entrepreneurs and small businesses now that Donald Trump is in the White House? Once upon a time, America was the best place in the world for those that wanted to work for themselves. Our free market capitalist system created an environment in which entrepreneurs and small businesses greatly thrived, but today they are being absolutely eviscerated by the control freak bureaucrats that dominate our political system. Year after year, leftist politicians just keep piling on more rules, more regulations, more red tape and more taxes. As a result, the number of self-employed Americans is now lower than it was in 1990… Continue reading
Since the 2011 tops, precious metals investors have had their patience severely tested. Six years later, silver is down 66% from the $50 peak and gold 35% off the $1,920 peak. We mustn’t forget off course that these metals started this century at $280 and $5 respectively. But that is no consolation for the investors who got in near the highs. The best time to buy an asset is when it is unloved and undervalued like gold and silver were in the early 2000s. What few investors realize is that the current levels of gold and silver, when real inflation is taken into account, are very similar to where the metals were in 2000-2. Thus gold at $1,265 and silver at $17 is an absolute bargain and unlikely to remain at these levels for long. Continue reading