Hot financial news that could affect you

"Between today and 2025, the world will be a very different place. We can learn nothing about the next 4 to 7 years from government, central bank or media propaganda as they neither understand what will happen nor tell the truth. But we can learn a lot from history. Most people rely on the internet for information or news but most of it is either indigestible, misleading, fake or just too overwhelming to comprehend..."

***WITH EXTREME RISK, PREPARE FOR A BROKEN WORLD***

"The demand for gold is increasing, yet new discoveries of the precious metal have not kept pace with the demand..."

 ***Is the Supply of Gold Depleting?

"...Our topic is now moving on to gold being actively used as money instead of fiat currencies. While this point is not yet being considered by Western commentators, we can be sure it is by the forward planners in Asian governments. It’s not for nothing India is trying everything to get hold of its citizens gold. To an extent, gold is already used as money by governments, which is why they are still included in monetary reserves. But they are there as a backstop, the money of last resort, no one’s liability. What we could be seeing with the development of international yuan currency markets is a platform that links the use of gold to trade settlement.

This insight means we must look at both the Chinese and Russian policies on gold in a new light. Assumptions in the markets seem to be that China and Russia only see gold as a dollar hedge, or alternatively their accumulation of gold is either to balance the US’s holding of 8,133 tonnes, or alternatively (if you believe the American’s are lying about their reserves) Chinese and Russian gold is there to be used like a sword of Damocles held over the dollar. It would be wrong to dismiss these theories out of hand, but surely, they miss the point. You don’t carefully plan to become a dominant world power, edging out the Americans and their dollars, without careful forward planning of monetary affairs..."

                                                                                   ***A scheme for linking currency to gold

                                                                                   ***China Is Absolutely Dominating The Global Gold Trade

Sept 4, 2017 7:26:51 GMT -5 Entendance said:

"...Since 1973, OPEC oil has been quoted and traded using to U.S. dollars, otherwise known as “petrodollars.” The “recycling” of petrodollars into U.S. Treasuries has been the life-blood of the U.S. economic and political system. In addition to reducing a major source of funding for the the U.S. Government’s enormous deficit spending, the introduction of a gold-backed yuan oil futures contract is an important step toward removing the dollar as the world’s reserve currency. More significantly it reintroduces gold into the global monetary system.
While the new gold-backed “petroyuan” will allow oil producers to sell oil for gold rather than Treasuries. Furthermore, it reduces the ability of the U.S. Government to impose its will on the rest of the world. It’s a strategic step toward not only ridding the world of its dependence on dollars, but also of reducing the ability of the U.S. to exert global economic and financially tyranny. I would also argue that it’s one of the primary reasons behind the inability of the western Central Banks to drive the price of gold lower recently."

***China Begins To Reset The World’s Reserve Currency System

I for one totally agree with his targets for Gold & Silver, read below and click...

"Gold and silver are entering their Fifth and final wave of the bull market that began 17 years ago. Based on a number of factors but particularly the RUNNING FLAT CORRECTION that both Gold and Silver completed, it appears highly probable that the upper trend line on their YEARLY LOGARITHMIC CHARTS will be touched or exceeded before this bull market is complete..." More here

E. on twitter

***Automation is coming to the workplace

Nov 17, 2016 12:15:13 GMT -5 Entendance said:

"Perceptions may well change when the global illusions of solvency and "growth" collapse in a heap..."

***The Pressing Problem Nobody Dares Discuss

May 25, 2016 14:38:24 GMT -5 Entendance said:

The Fourth Industrial Revolution:*** what it means, how to respond

The System Won’t Survive the Robots

It’s really just a matter of time; the working man’s deal with his overseers is half dead already. But there’s still inertia in the system, and even the losers are keeping the faith. Hope dies slowly, after all.
Nonetheless, the deal is collapsing and a new wave of robots will kill it altogether. Unless the overseers can pull back on technology – very fast and very hard – the deal that held through all our lifetimes will unwind.
We All Know the Deal
We usually don’t discuss what the “working man’s deal” is, but we know it just the same. It goes like this:
If you obey authority and support the system, you’ll be able to get a decent job. And if you work hard at your job, you’ll be able to buy a house and raise a small family.
This is what we were taught in school and on TV. It’s the deal our parents and grandparents clung to, and it’s even a fairly open deal. You can fight for the political faction of your choice and you can hold any number of religious and secular alliances, just as long as you stay loyal to the system overall.
This deal has been glamorized in many ways, such as, “Our children will be better off than we are,” “home ownership for everyone,” and of course, “the American Dream.” Except that it isn’t working anymore, or at least it isn’t working well enough.
Among current 20- and 30-year-olds, only about half are able to grasp the deal’s promises. That half is working like crazy, putting up with malignant corporatism and trying to keep ahead of the curve. The other half is dejected and discouraged, taking student loans to chase degrees (there’s more status in that than working at McDonald’s), or else they’re pacified with government handouts and distracted by Facebook.
The deal is plainly unavailable to about half of the young generation, but as I noted above, hope dies slowly and young people raised on promises are still waiting for the deal to kick in. It’s all they know.
Regardless, the deal has abandoned them. It has made them superfluous.
Here’s Why

Put very simply, the deal is dying because two things can no longer coexist:
#1: New technology.
#2: A system geared to old technology.
Let’s start with new technology: New machines and methods have made so many jobs obsolete that there aren’t enough to go around. Both North America and Europe are already filled with the unemployed or underemployed children of industrial workers. But at the same time, we are suffering no shortages; we have an overflow of stuff and a double overload of inane ads trying to sell it all. And there’s something important to glean from this:
Where goods abound, additional jobs are not required.
We don’t need more workers. Machines are producing plenty of stuff for us, and this becomes truer every day.
Item #2 is the system itself; let’s confront that directly too: The system was designed to reap the incomes of industrial workers. Everything from withholding taxes to government schools was put in place to maximize the take from an industrial workforce. Whether purposely or simply by trial and error, the Western world was structured to keep industrial workers moving in a single direction and to reap from them as they went. Call it “efficient rulership” if you like, but the system is a reaping machine.
Technology, however, has advanced beyond the limits of this machine; it has eliminated too many jobs. At the same time, regulations make it almost impossible for the superfluous class to adapt. Nearly everything requires certification and starting a business is out of the question; fail to file a form you’ve never heard of and the IRS will skin you alive.
This system, however, will not change; the big corps paid for the current regulatory regime, and they still own their congressmen...

MUST READ...MORE here

Former McDonalds CEO Crushes The Minimum Wage Lie: "It's Cheaper To Buy A Robot Than Hire At $15/Hour"

June 3, 2016 Walmart shows off new drone technology to replace workers      Il robot consumatore

                                                                 Sounding like a broken record: ***Fred & Entendance Beach

"In order to understand inflation, you have to understand what the Fed Ecb BoJ banksters have done. They have, with the massive QE printing of the last decade or so anointed a new fiat.

It's called the stock market. As the price of these stocks to up, the fiat itself devalues forcing all cash into the stock market in order to take the gain of the new preferred fiat, which is the stock market. Monkey hammering gold on the side is the afterthought of the Fed while the real policy is to concentrate wealth as never before in corporations that trade with stocks.
You often hear talk about a stock market crash, when in fact the fiat in your pocket, your cash crashes every day 24/7 with the Fed's constant printing. They have in fact created new winners and these winners are the masters of the universe who's ideals are nothing less than destruction of the American constitutional society. Destroy a country's fiat then choose one you would rather support and the game is all but over.
The irony is that few, very very few are even now wise to the game. " -last of the middle class

"Yes, in a scary way this is the same thing that Venezuela has done. And their stock market was to the moon (for those invested in the Venezuelan stock market). You are correct, inflation is the monster under the bed devaluing any cash you hold, 24/7/365" - HRH of Aquitaine 2.0

"This nonsense won't stop until people make an effort to understand how they're being screwed." -Mini-Me 

"Well in 1968 someone earning minimum wage earned $500 more per year than a new 1968 Ford Mustang was retailing ($2500) for. It is nowhere similar today. So, in 1968 someone making minimum wage could save for a new mustang, gas was 34 cents per gallon, and average rent was $130 per month which only required two weeks of minimum wage pay. And you wonder why so many millennials just throw their arms up and say fuckit. Scoff at millennials all you want, but you're going to be old and they'll be young pulling the plug on yourasses, not able to do shit about it because you'll be old skin and bones." -MusicIsYou

"It is amazing how much Americans can be deceived. I guess they are just willing to be. It is crystal clear that the President of the United States is using tariffs to create inflation to bury the federal debt and put it on the backs of ordinary Americans. What else is inflation good for? Any moron knows the outcome of a trade war. People refuse to believe it." -Fantasy Free Economics blog

"This article is exactly right and is the reason interest rates are so low. It is not because there is not enough inflation as the Fed falsely claims, it is quite the opposite. There has been so much inflation that people have to finance their purchases and need super low rates to boot to do so.
College at $80,000 after tax dollars a year? Seriously? Children's dental braces for $7,000? NYC apartments at $1 million per bedroom which then have taxes of $9,000 a year per bedroom, insurance of $6,000 and maintenance of $15,000 a year per bedroom? Property taxes in Westchester county NY outside NYC for a 4 bedroom house of $40,000. Standard blood tests for an annual physical costing $900? An $8,000 couple hours in the emergency room? Make $50,000 a year and you are barely surviving." -khakuda

"I was waiting for and fully expected the 2008 financial collapse to be the reset that would level the playing field.

When I found out that the taxpayer would be made responsible for rescuing the too big to fails, I said 'enough!'. From that moment I realized that, deep down, capitalists are actually socialists. Their businesses are all run like communist countries are run. Since then I have decided to work only enough to survive and to focus on downsizing as much as possible. There is no point in trading something of value, which is my time and labour, for pieces of paper that lose their purchasing power as a result of inflation." -Sonny Brakes

***How Inflation Destroys Civilization***

E. on twitter

2008: It Can Happen Again | Craig Hemke

"Three secular trends have driven asset inflation and moderate deflation of commoditized goods and services:
1.Globalization, a.k.a. global capital moving around the globe, reaping the gains of labor, credit, environmental and tax arbitrage: move from high-cost, high-tax, environmentally regulated locales to low-tax, low-labor costs and environmentally lax locales and skim all the profits.
2.Declining interest rates. Increasing production overseas and stock buybacks have been encouraged by central banks’ maintaining super-low interest rates and easy lending liquidity. Both have pushed corporate profits much higher.
3.Financialization, i.e. low interest rates, ample liquidity, expanding leverage, the commoditization of previously low-risk financial instruments such as home mortgages, expansion of credit-default swaps and other derivatives and the generalized belief that risk can be eliminated by counterparty contracts.

All three of these secular trends are reversing: globalization is under assault on multiple fronts, as people are starting to question globalization’s role in increasing inequality, environment damage and the hollowing out of domestic economies and the middle class.
A decade of financial repression to keep interest rates near zero is slowly being “normalized” by central banks, enabling rates to rise. As the overhang of bad debt and the rising risk of defaults start being priced into the bond and debt markets, the pressure on rates will only increase as higher risks demand higher compensation via higher yields.
Furthermore, all the trillions in existing debt will be rolled over at much higher rates going forward, squeezing the revenues of all borrowers, governments, corporations and households alike...So what happens to inflation as the trends that kept real-world inflation officially low and boosted asset inflation to unprecedented heights all reverse?
The obvious conclusion is asset valuations re-correlate to the trend line of the real-world economy, which is another way saying they drop a lot in a global repricing of risk and the impact of secularly rising interest rates.
That will put the kibosh on the much-vaunted wealth effect that supposedly boosted the animal spirits of borrowing and spending (and speculating) that has fueled the “recovery” of the past decade.
As the global economy spirals into recession, central banks will panic (as usual) and attempt to spark flagging consumption by lowering interest rates and governments will increase deficit spending (i.e. government borrowing) to boost household incomes and corporate revenues.
But unlike last time, these policies may not reflate asset bubbles that have popped, or suppress real-world inflation. Rather, they may fail to boost asset inflation and succeed in boosting real-world inflation while wages continue stagnating and household net worth craters.
Simply put, the world has changed, and the unintended consequences of the past decade’s policies cannot be stuffed back in the bottle. The easy years of watching index funds and other assets rise like clockwork because central banks willed it are over." -Charles Hugh Smith

Luke Gromen: The “Dollar End Game” has already begun!

February 2019 PDF

H/T Tom from Florida

Physical Gold and Silver: the only form of money that is not simultaneously someone else’s liability.

wealth grabs and taxes

Warning: Central Banks CANNOT Normalize Policy… Ever

Pavlov investors

Chasing yield

Negative bond yields

Inflection point

Recession

Currency war

Real war

Central Bank gold buying

Don’t buy paper gold

Buying gold juniors

Conclusion:   Ahead of the herd                                                                                           Aug 28, 2018 at 11:24am Pavlov's Dog