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Post by Entendance on Oct 11, 2016 13:42:36 GMT -5
If you're a British citizen, your gold is doing exactly what you bought it for...protect you against currency collapse. (Exchange cross rates here)
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Fred & EntendanceInvestors Beach:*** 50 Charts for Gold Bulls - Our new Incrementum Chartbook H/T Tom from Florida
Debt is the slavery of the free. -Publius Syrus
Final Catastrophe of the Currency System
The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in “a final and total catastrophe of the currency system” as von Mises succinctly articulated. It started on Jekyll Island. It all started in 1910 when a few senators and bankers, led by JP Morgan, secretly met on Jekyll Island with the purpose to set up the Federal Reserve and so control the banking system. Thus, the Fed was a creation by private bankers and for the benefit of these bankers. Few of them could have imagined the enormous success of their venture as the control of the financial system led to vast fortunes for a very small elite. The back side of these fortunes is global debt of $230 trillion plus unfunded liabilities and derivatives. The total which is in the quadrillions is what the poor masses in the world are liable for. Not that they will ever be able to repay it but the implosion of these debts will lead to misery for the majority of people for generations to come.
Critical to protect yourself against these events Sadly, things have now gone too far to stop the inevitable currency collapse and implosion of the financial system but that doesn’t mean that it is too late for individuals to protect themselves. As we enter this final phase, there will be panic in financial markets with governments and central banks taking draconian measures. Below are some of the potential risks that all investors must protect themselves against today: Currency collapse – leading to destruction of capital Capital controls – making it impossible to take money out of bank or country Bail-ins – the bank will steal your money in order to try to save itself Forced investments – compulsory purchase of treasuries with your bank or pension assets Custodial risk – stocks and bonds will be hypothecated by the bank, leaving you nothing Bank failures – all your investments will disappear as the bank becomes insolvent The above list in not exhaustive but it contains the most likely events that will take place in the next few years. Most private investors don’t see these risks and have zero protection against them. And professional money managers haven’t got a clue about real risk, nor do they see any need for protection or insurance. When you manage OPM (Other People’s Money), you take maximum risk in order to benefit from the upside. The downside is not your risk and thus it can be ignored. This strategy works extremely well until the music stops. But as long as money printing and credit creation inflates markets, these professionals will never spend a second worrying about the total destruction of clients’ money. So how likely are the above risks and how do you protect against them? Anyone who has followed some of my work will know that I consider all the above risks as guaranteed to materialise. Currency collapse is already happening with all currencies down 97-99% in the last 100 years. The final 1-3% will happen in the next few years as governments print unlimited amounts of money. But remember that the last 1-3% fall is 100% from here and thus a total destruction of money. So whatever cash you have will be totally worthless in the coming hyperinflationary phase. Capital controls are likely to start within 12-18 months in many countries including the US. As deficits increase and currencies fall, governments will stop anyone from taking money out of the bank as well as out of the country. This is just the next step in the total control money. We have lately seen FATCA (Foreign Account Tax Compliance), cash bans and the OECD AEOI (Automatic Exchange of bank Information). Capital controls will be the next logical step in an attempt to virtually confiscate money. Governments on the road to bankruptcy will take any desperate measure to control the people and their money. Bail-ins are guaranteed and in the legislation of most Western Countries. The average person has no idea what bail-in is nor its consequences. Simply, it means that for insolvent banks, which will be the case with most banks, governments will not bail them out but instead depositors’ money and assets will be used to cover the banks’ losses. Since banks are leveraged 10-50 times, all the money belonging to the bank customers will be gone. At that point, after the bail-in, governments will need to step in with bail-outs. But any government intervention will be futile since they will just create more debt to solve a debt problem. Forced investment in treasuries will happen as governments issue an ever increasing amount of debt. At that point, the government will be the only buyer as we are seeing in Japan currently. Therefore, governments will force people to put their bank assets into treasuries to shore up the country’s finances. But then it will of course be too late and all the money going into government bonds will be totally worthless as these bonds go to zero. Custodial risk means that it is not just clients’ cash which is at risk. Any asset deposited in a bank carries the same risk as cash. In theory stocks, bonds or physical gold should not be in the balance sheet of the bank and therefore not be part of a bankruptcy. Firstly, it could take years for the receiver to sort that out. But more importantly as banks come under pressure they will use client assets in order to shore up the assets of the bank. This was the case for MF Global for example. We often see banks not actually having the allocated physical gold that they have told the customer he possesses. When banks come under pressure, they will take any desperate measure to save themselves and this will definitely include client assets. And don’t believe that the government will help you since they are bankrupt too. Bank failures will be commonplace in coming years as banks’ irresponsible lending will be exposed. Collapsing asset prices will exacerbate this problem dramatically. Most people believe that money or assets in the bank will be totally safe. Personally I wouldn’t deposit any major amounts of money or assets in a bank. And if I did I would ask for collateral. Banks today are totally untrustworthy borrowers of depositors’ money and anyone hoping to get their money back will soon learn that they won’t. So if you can’t trust the banks, what do you do with your money? In uncertain times it is essential to avoid counterparty risk. Therefore, no assets must be held with a counterparty who is heavily exposed financially. Directly controlled assets is the best way to control investments. This can be property, land, direct ownership of companies including direct registration of stocks. The best insurance money can buy The best and cheapest insurance against the risks outlined above is to hold physical gold and silver. But it is not enough just to own gold and silver but just as important how they are held. It is a sine qua non to hold metals in physical form, outside the financial system and outside your country of residence. It is also critical to have direct access to your wealth preservation asset which should not be held through a counterparty. Gold and silver will not protect investors against all the problems that the world will experience in coming years. But if they are held in the right way and place, precious metals will be the best insurance against the massive wealth destruction that will take place in the next few years. -Egon von Greyerz Founder and Managing Partner Matterhorn Asset Management AG
James Rickards:*** Double Digit Inflation And The Rise of Gold
Our member pinopino just wrote me: <Egon...La sua affermazione cruciale è: So whatever cash you have will be totally worthless in the coming hyperinflationary phase. Quindi è prevista una fase di “iperinflazione” (questo è in certa opposizione con l’attuale fase di disinflazione e di ormai prossima deflazione). La cosa fondamentale che ci ho trovato è che lui dice che le valute (mondiali, incarnate dal Dollar Standard) sono ridotte al 3% del loro potere di acquisto, ovvero del loro valore (relativo alla fine del Gold Standard). Presto raggiungeranno il 2%, l’1% e così via “fino allo zero” (ma lo zero resta un valore asintotico). Bene! Ma da dove viene questo 3% di cui dice Egon von Greyerz ? Dovrebbe venire da un Fattore 38 come rapporto tra il valore dell’oro al momento finale del Gold Standard nel 1972 e il valore dell’oro corrente ( 1330 $ all’incirca). Un rapporto di 1 : 38 equivale al 3% = per acquistare la stessa quantità d’oro nel 1972 (35 $/ozt) bastava il 3% del valore attuale in Dollari! Che cosa ne dovrebbe conseguire, secondo questa teoria? - Con le valute al 2% il prezzo dell’oro dovrebbe andare a 1,750 $ (35 x 50 = 1750). - Con le valute all’1% il prezzo dell’oro dovrebbe andare a 3,500 $ (35 x 100 = 3500). - Con le valute allo 0,5% il prezzo dell’oro dovrebbe andare a 7,000 $ (35 x 200 = 7000). - E così via …. anche se il raggiungimento dello “zero” è puramente teorico il prezzo dell’oro continuerebbe vertiginosamente a salire. In questo senso la teoria è senz’altro dirompente e tuttavia per scatenare i suoi effetti più eclatanti deve potersi supportare sulla coming hyperinflationary phase.>
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Post by Entendance on Nov 26, 2016 7:50:28 GMT -5
"...Like the financial pain that will come with more trillions of debt than the West can ever repay, the social wounds that have marred our civilization over the past one hundred years or more will not heal overnight. As the truth is discovered and forced to the surface atonement will have to be made either way for this war which is clearly civil in nature and spans the entire breadth of the western world will not end quietly. There will be winners and there will be losers and the possibility that this entire thing becomes hot looms over our nations like the spectre of death and destruction that it is..." ***The Battle for Your Mind The War for Your Soul
"...The neoliberal Deep State's mouthpiece Foreign Affairs is darkly equating populism (i.e. Trump, Le Pen, et al.) with nascent fascism, the favorite fearmongering slander (along with racism) of the fading, discredited neoliberals. Slander and managed news--and the slandering of any dissenting narratives as "fake news", the ultimate irony of a regime that depends on propaganda and collusion for its survival-- these are the weapons of a cornered, enraged beast that has lost the narrative battle but which refuses to cede its power or pay-to-play wealth. In this war of the rising and fading elites, there is no common ground or incentive to compromise. Either the rising Elite's agenda and narrative are completely destroyed and the globalist neoliberals remain ascendant, or the rising Elite's narratives and agenda survive the furious onslaught of paid protesters, fake news protesting fake news, and the brainwashed supporters of the Neofeudal, Neo-Colonial pillaging machine known as (in the perfection of doublespeak) "progressive neoliberalism." The sad truth is a system of pay-to-play global racketeering that has enriched the top .1% at the expense of the bottom 95% for decades cannot be "progressive" unless the word has been turned on its head. The hubris of the neoliberal "progressives" knows no bounds, and they still cannot quite believe the debt-serfs rebelled against the neoliberals' benign impoverishment of everyone outside their protected cliques..." ***The Age of Disintegration: Political Disunity and Elites At War
Meanwhile..."I am frankly shocked this information is not making front page news right now. Monsanto will do anything to bury this story… and as of right now, it’s working. Not a single mainstream media outlet has covered this appalling new report that shows millions of people being poisoned by a chemical that does not belong in our food. This chemical is ending up in processed foods like Cheerios, Ritz Crackers, and Oreos and being consumed by humans across the world. The health of millions of people is on the line and this news must go mainstream! That’s why I’m calling on every single one of you who reads this post to share this breaking story now. The only way this injustice will be corrected is if enough of us stand up and demand that something be done to stop the poisoning of our food supply..." ***Share this shocking new report with everyone you know
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Post by Entendance on Dec 5, 2016 5:11:28 GMT -5
"As earthquake doesn’t care if you’re progressive or populist. It destroys your house all the same. Likewise a financial crisis is indifferent to a politician’s policy mix. Systemic crises proceed according to their own dynamic based on the array of agents in a system, and systemic scale. The tempo of recent crises in 1994, 1998, and 2008 says a crisis is likely soon. A new global financial panic will be one legacy of the Trump administration. It won’t be Trump’s fault, merely his misfortune. The equilibrium and value-at-risk models used by banks will not foresee the new panic. Those models are junk science relying as they do on notions of efficient markets, normally distributed risk, continuous liquidity, and a future that resembles the past. None of those hypotheses match reality. Advances in behavioural psychology have demolished the idea of efficient markets. Data shows the degree distribution of risk is a power curve not a normal bell curve. Liquidity evaporates when most needed. Prices gap down; they do not move continuously. Each of the 1994, 1998, and 2008 crises was worse than the one before, and required more drastic intervention. The future does not resemble the past; it keeps getting worse. The standard models are in ruins. Recent model improvements that take into account so-called tail risk still fail to come to grips with systemic scale. The most catastrophic event possible in a complex system is an exponential function of scale. In plain language, if you double system size, you do not double risk; you increase it by a factor of five or more. Since 2008, the largest banks in the world are larger in terms of gross assets, share of total deposits, and notional value of derivatives. Everything that was too-big-to-fail in 2008 is bigger and exponentially more dangerous today. The living wills and resolution authority of Dodd-Frank are entrances to gated communities. They seem imposing, but are a façade. They will do nothing to stop an angry mob. Increases in regulatory capital will not suffice. When a leveraged financial institution faces a liquidity panic, no amount of capital is enough. As boxing legend Mike Tyson mused, no plan survives the first punch in the face. If existing models don’t work, what does? A blend of complexity theory, Bayesian statistics, and behavioural psychology can produce models with robust predictive power. Such models are being developed in a few centres of excellence such as the Santa Fe Institute, the LSE, and ETH Zurich. Yet, they are far from mainstream thinking and will not be adopted in time to mitigate the next crisis.
Financial panics are dynamically and mathematically identical to a variety of natural phenomena such as earthquakes and avalanches. As snow accumulates on a mountainside, seasoned observers can spot avalanche danger. Soon one snowflake alights in such a way as to perturb others that begin to slide, form a chute, create momentum, and rip loose the entire snowpack. Timing is uncertain, yet the avalanche is inevitable. What snowflake could precipitate the next financial panic? Deutsche Bank is an obvious candidate. Less obvious is a failure to deliver physical gold by a London bullion bank. That would expose the hyper-leveraged “paper gold” market for what it is. A natural disaster on the scale of Fukushima would do as well.
Looming over these catalysts is a global dollar shortage, which has been limned by economists Claudio Borio and Hyun Song Shin at the Bank for International Settlements. The strong dollar could precipitate a wave of defaults on $9 trillion of dollar-denominated emerging markets corporate debt. Those defaults would make the 1994 Tequila Crisis look tame.
The 2008 crisis was truncated with tens of trillions of dollars of currency swaps, money printing, and rate cuts coordinated by central banks around the world. The next crisis will be beyond the scope of central banks to contain because they have failed to normalise either interest rates or their balance sheets since 2008. Central banks will be unable to pull another rabbit out of the hat; they are out of rabbits.
In the next crisis, liquidity will come from the IMF, which has the only clean balance sheet remaining. The IMF will print the equivalent of $10 trillion in world money called special drawing rights. China and Russia will acquiesce in this liquidity injection provided it hastens the demise of the dollar as the benchmark global reserve currency.
Can Trump avoid this fate? Possibly. Ski patrols reduce avalanche danger by using dynamite to descale the snowpack. Likewise the financial system can only be made safer by reducing its scale. Large vessels use watertight holds to achieve the same margin of safety. A hole in the hull floods one hold, but does not sink the ship.
Descaling finance means reinstating the Glass-Steagall and pre-Big Bang separation of deposit taking and securities underwriting. It means breaking up the big banks. JP Morgan, Chase Manhattan, and Chemical Bank should reemerge from the embrace of Jamie Dimon. Derivatives should be banned except for exchange-traded futures tied to specific assets used for commercial hedging. It’s time to close the casino.
Will Trump pursue these policies? It’s unlikely. Such proposals will be lost in a sea of competing priorities. Bank lobbyists rule Washington from the commanding heights; draining the swamp won’t change that.
Sooner than later a new treasury secretary and Fed chair will retrace the 2008 footsteps of Hank Paulson and Ben Bernanke to tell President Trump the system is having a heart attack. They will have no remedy except to suggest a call to Madame Lagarde." Donald Trump’s unhappy fate is to oversee a financial crisis far worse than the last
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Post by Entendance on Dec 12, 2016 5:46:07 GMT -5
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Post by Entendance on Dec 17, 2016 9:44:57 GMT -5
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Post by Entendance on Dec 23, 2016 9:28:41 GMT -5
...bank deposits...banksters...you must take a listen here
Qualcuno vada da Angelona e le sbatta in faccia questo documento
Nigel Farage: If the man shot in Milan is the Berlin killer, then the Schengen Area is proven to be a risk to public safety. It must go.
Ask her:
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Post by Entendance on Jan 4, 2017 16:29:40 GMT -5
" The best risk/reward opportunities in history occur when the market is wrong. This often occurs when investors are irrationally exuberant or irrationally despondent about the future due to recent price behavior. The difficulty in moving against this prevailing sentiment cannot be overstated. Those who read or watched “The Big Short” understand the challenge in going against the herd in the housing bubble mania. They knew the housing market was not right in 2006 but they had to stay in business long enough to capitalize on that view. They did in the end but not before many sleepless nights." -Charlie Bilello
MUST READ:***8 Centuries of Bond Market Reversals
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Post by Entendance on Jan 10, 2017 8:26:10 GMT -5
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Post by Entendance on Jan 26, 2017 4:45:40 GMT -5
The Global Weapons Trade
The above visualization sums up the global weapons trade during the Obama era, minus data from 2016. It was created by data scientist Hai Nguyen Mau, and each relationship plots the value of the weapons trade between two countries based on data from SIPRI. It’s important to note that while this data includes major weaponry transfers such as tanks, jets, missiles, and ships, it excludes guns and ammunition or military aid. Lastly, the thickness of each line represents the total value of each trade relationship, while the proximity of two linked countries shows how close each relationship is. (i.e. if a country only imports from Russia, they will be much closer to Russia than the U.S.)
A Longtail Distribution
The global weapons trade is dominated by a few major exporters, such as United States, EU, and Russia:
Together, the United States, European Union, and Russia combine for over 80% of weapons exports, while the rest of the world fills out the “longtail” of the exporter distribution. From the perspective of imports, the field is much more equal because almost every country aims to spend at least some money on defense. India is the largest importer of weapons in the world with a 14% share of the market.
Two Distinct Blocs The picture behind the global weapons trade gets much more interesting as it is broken up into relationships. It’s easy to see that there are two distinct blocs of trade:Here’s another look from Hai Nguyen Mau that just focuses on U.S. and Russian relationships The West: United States, United Kingdom, Canada, most of the EU, and other countries The East: Russia, China, India, Nigeria, and other countries
As an example, Singapore imports 71% of its weapons from the United States along with significant amounts from Germany (10%) and Sweden (6%). As such, it is very close to the United States in these visualizations. Meanwhile, India imports 70% of its arms from Russia, with the U.S. (12%) and Israel (7%) as other major partners.
Here is another look from Hai Nguyen Mau that just focuses on U.S. and Russian relationships
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Post by Entendance on Feb 13, 2017 6:15:31 GMT -5
Sir, It seems remarkable that today’s leaders of the EU, encouraged by the overreaction of the global mass media, reserve for themselves the appearance of virtue and goodness and generally resent the refreshing American principle summed up by president Donald Trump as America First. Americans have shed blood, along with vast material expense, defending human rights in Europe — regardless of ethnicity, geography, culture or religion, demonstrably having guaranteed the continent’s survival in freedom and subsequent prosperity, including that of Germany, after the second world war.
The EU’s hypocrisy offends. Indeed, it remains a mystery how Brussels feels justified in its heavy criticism of America’s increasing vigilance over its own borders when the EU itself continues to turn a blind eye to the formidable barbed-wire militarised fortifications erected all along the northern frontiers of Greece by its neighbours, pitilessly blocking the passage of hundreds of thousands refugees desperately fleeing the war in Syria. These refugees still dearly hope to reach Germany first and eventually other parts of Europe, but are instead inhumanely trapped in Greece practically under the authority of the EU — which, further, even condones the closing of borders in Austria and Hungary. These are provocative double standards. The scant remaining resources in Greece are already stretched to their limits.
Previously prosperous islands in the Aegean Sea – Chios, Samos and Lesbos were until recently celebrated high-profile tourist destinations worldwide – are currently overrun by multitudes of refugees, understandably aggressively inclined by now, at the expense of social cohesion elsewhere in Greece as well. Still worse, the country remains undeservedly caught in a deepening economic and financial crisis, a result of blind austerity policies inspired by Germany that the EU rigorously enforces to this day, manifestly ruling out growth and prosperity in Greece any time soon. Both the IMF and the European authorities still fail to appreciate that reducing Greek debt by one-third in the present circumstances would consistently reflect the social, economic and financial damage they themselves have caused by arbitrarily depressing the Greek economy since 2010.
-Nicos E Devletoglou, Emeritus Professor of Economics, University of Athens, Greece More here
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Post by Entendance on Feb 23, 2017 6:17:39 GMT -5
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Post by Entendance on Mar 4, 2017 13:05:36 GMT -5
Most people don't really want the truth. They just want constant reassurance that what they believe is the truth.
Are you among them? Take your time to find out by clicking here Fred & EntendanceInvestors Beach, just for Inquiring & Uncolonized Minds...
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Post by Entendance on Mar 7, 2017 18:00:23 GMT -5
"There is something wonderful in seeing a wrong-headed majority assailed by truth." John Kenneth Galbraith
Meanwhile...Using the analogy of what happens just before a tsunami hits shore, the recent action in the financial and precious metal markets is indicating to me that the water at the beach has begun to recede. Some are fleeing to higher ground; while others who have not yet learned what these ominous signs mean, are walking on the beach observing the unusual spectacle with great curiosity. My opinion? Unaware of the great wave of financial implications that roars towards the coast, many unfortunately will be lost in the disaster that lies ahead.
"Resistance is here...support is there..." Gimme a break! The technicians do not help produce yachts for the customers, but they do help generate the trading that produces yachts for the brokers! - Burton Malkiel Most of the gold T.A. guys are the best allies of the banksters...how on earth can the paper open interest and commercial categories in West encompass all the activity being done in a world where the importance of gold ownership clearly comes from the East..? (More gold is flying direct into China, bypassing Hong Kong as a trading hub. Supply is also exported and smuggled out to Asian countries)
Justice is coming. E.
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Post by Entendance on Mar 10, 2017 5:50:12 GMT -5
Gold And Silver: Legal Weapons Against The Deep State
A World Of Deception •Mainstream Media •Fiat Currency •Central Bankers •Elites See through the smoke by being curious Discover Truths
Fred & EntendanceInvestors Beach...because this place is for Uncolonized Minds. We speak our mind even though it may cost readership.
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Post by Entendance on Mar 13, 2017 17:03:47 GMT -5
"...Most people do not realize that the Soviet Union actually asked to join NATO in 1954 but was turned down. Few readers will be aware that the so-called Warsaw Pact alliance of Soviet states did not even exist until NATO included West Germany in 1955. And I’ll bet no one reading this report knows about NATO resolution MC 48 – a document stating NATO would have to use atomic weapons from the outset of a war with the Soviet Union, whether or not the Soviets chose to use them first. What his means, my friends, is that if there is some “perceived” declaration of war, NATO nations can launch a nuclear first strike against Russia. An incursion of any kind, measures against Ukraine for instance, might be deemed an aggressive act of war. But of course I am using a liberal case scenario here. My point is well made though.
All those trillions of dollars spend on uniforms, tanks, airplanes, ships, artillery, ammunition, gas, and NATO leadership trips around the world have been an utter and complete waste! NATO could not, cannot stop a Russian invasion of Europe proper – not without a massive nuclear response. This is the most certain truth you will have read in the last three years, I assure you.
It was NATO action that began and certified the start of the Cold War. While Soviet intentions and actions before NATO’s expansion were certainly not friendly, there was no indication the Soviets wanted all out war. Honorable intentions by some in the west were manipulated in order to perpetuate conflict in the world. This is my belief. It was also the belief of the former Allied commander in World War II, and later President Dwight D. Eisenhower in the now famous farewell speech in January, 1961. In an unprecedented address, the former president and five-star general warned the nation and the world of the power of the “military industrial complex”. You can see this televised address in full here. President Eisenhower also warned of other dangers we see manifested today, but I suggest you watch his entire speech and then correlate with today’s problems. The point here is, NATO is an arm of the military industrial complex, and no one can prove differently.
NATO has caused conflict, rather than having reduced or resolving it. The fact that a “nuclear solution” was always the only real defense tells us that our leadership has known all along how useless conventional forces have been. We see this manifested in the United States’ unbalance and unfair role in supporting NATO too. But the situation with dependence on America is far worse than the mainstream media or most European leaders would have us think. We were all subtly alerted to the dysfunction of Germany’s military (for instance), when Chancellor Angela Merkel pledged reconnaissance aircraft to take part in the battle on ISIL, and few planes serviceable planes could actually be found for the role. Then when the Bild revealed six of the country’s Tornado jets that did make it to Syria could not fly at night because their cockpit lights are too bright for their pilots’ eyes – well, it became clear the glory days of the mighty German Luftwaffe had long since passed.
I am picking on Germany because of the country’s special situation in the EU. Germany is the most prosperous of EU nations, and she is also the biggest supplier of arms in the region. What does it say for the third largest arms exporter in the world, to have such a pitiful military? Last year Hans-Peter Bartels, the German parliamentary ombudsman charged with overseeing the country’s armed forces filed a report about the German Bundeswehr as “small, demoralized, and struggling to fulfill missions with malfunctioning equipment”. Bartels also found that only 38 of Germany’s 114 high-tech Eurofighter jets are even operational, and that of the 93 Tornado fighter jets the country has, only 29 of them can fly.
So, when German Defense Minister Ursula von der Leyen called for NATO and the Unites States to take a common approach on Russia, her statement was less about our “common interests, principles and values”, and a plea to rescue her job. These bureaucrats in charge of “smoke and mirrors” posture about defeating ISIL and holding off the giant Russian bear, but in reality they have nothing to contribute except talk. President Trump knows NATO is obsolete from a business perspective – the money could be spend on better nukes and more roads. That is the simple reality here. NATO is obsolete, it was always obsolete – a completely wasted human endeavor if nuclear holocaust was always the defense Europe needed." ***NATO: A Paper Tiger Trump Should Dump
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Post by Entendance on Mar 22, 2017 5:15:19 GMT -5
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Post by Entendance on Mar 30, 2017 6:49:47 GMT -5
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Post by Entendance on Apr 6, 2017 8:40:26 GMT -5
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Post by Entendance on Apr 11, 2017 3:37:44 GMT -5
"The U.S. has lost its economic and political edge in the global community. The evidence of this mounts. Russia and China (and other eastern bloc countries) are accumulating physical gold hand-over-fist as part of a strategy to bolster their currencies and remove the U.S. dollar as the world’s reserve currency. China and Japan, the two largest financiers of the United States’ debt-fueled consumerism and Government deficit spending, have been quietly reducing the amount of Treasuries they hold and are willing to buy.
It’s become apparent to most outside of the United States, and to some inside, that the U.S. has become one big fraud. The stock market is artificially propped up to prevent a crash that would wipe out America’s retirement funding assets and collapse the banking system; via the Fed, the U.S. has orchestrated a flow of funds system by which a few of its puppet Central Banks (Belgium, Swizterland and Ireland – the value of Ireland’s U.S. Treasury holdings now exceeds its GDP) fund Treasury debt auctions; and a propaganda-based political system has been created that would make Joseph Goebbels blind with envy. At the root of this fraud is a fraudulent monetary system that requires the Central Bank, together with the Treasury Department, to control the price of gold for as long as possible. This is accomplished via the issuance of an unending supply of paper “fake” gold to help keep the “market” price of gold in check on the Comex and the LBMA. At some point the demand for physically delivered gold and silver from the east will sabotage the paper manipulation operation. That’s point at which the United States will collapse..."
Who owns the stores and malls? Who owns the debt that keeps them going until it doesn’t? ***The Retail Apocalypse’s Terrifying Impact On One Corner Of Wall Street
***THE ROSEN MARKET TIMING LETTER
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Post by Entendance on Apr 18, 2017 10:08:37 GMT -5
Sell paper, buy physical...the Great Con Lives....history repeats! The issue of paper-money in China is at least as old as the beginning of the 9th century. In 1160 the system had gone to such excess that government paper equivalent in nominal value to 43,600,000 ounces of silver had been issued in six years, and there were local notes besides; so that the Empire was flooded with rapidly depreciating paper. ***How the Great Kaan Causeth the Bark of Trees, Made into Something Like Paper, to Pass for Money Over All His Country And now we are The Great Con(khan)?...hmmm....notice Gresham's Law at work and monopoly power. The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral. "But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.” ― Chris Martenson
H/T Tom from Florida
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Post by Entendance on May 12, 2017 5:57:37 GMT -5
Recently, I published the comment that, when the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.” The immediate reaction from one reader was, “What could we expect next?...The governments and deep state aren’t going to ‘just go away.’” An excellent question – one which deserves an answer. We won’t need a crystal ball to find the answer; we can look at history. After all, this isn’t the first time a government has engaged in overreach. In fact, it’s the norm. Political leaders tend to expand countries if they can, then build them into empires, becoming increasingly oppressive along the way, then causing the collapse of the empire – generally through welfare and warfare. The dominant empire of the world today could be said to be the US and its allies, but the hub of the wheel is the US itself, so that’s where we’ll focus. The US is so powerful that it can demand that its citizens pay tax, no matter where they may live in the world. The level of US debt has made the government so flushed with money that it could create a money-collection system that’s beyond any the world has seen.
At some point, however, debt always generates a major crash. "What could we expect next?" will be that the governments will no longer be able to pay for all of their programmes, so they'll have to cut back. How much will they cut back? That will depend on the severity of the collapse. In my estimation, one of the first indicators will be a stock market collapse. Will it drop by 20%? If so, that will only be a correction and nothing will change significantly. Will it drop 40%? That's an amount I consider very likely and would be an indicator that the economy in general will soon be taking a significant hit, with a knock-on effect as to government coffers. Will it drop 60%? That's quite possible and would be catastrophic. The economy would then go full-on into the Greater Depression. Unlike the Depression of the 1930's, the country will not be the largely agrarian, highly-productive country of (generally) hard-working people. It will be a society of entitlement-conscious people, who will fail to rise to the occasion. An unproductive society contributes little to its government. In addition, the worldwide credit bubble will pop and the petro-dollar will be no more. That will serve to eliminate the false income that the government now relies on. The heroin syringe will be removed suddenly and the government will find itself severely strapped for cash.
So, the government will cut back dramatically - because it has no choice. So, here’s where you get to picture yourself as the government. What areas do you maintain as sacrosanct and what others do you cut back on? It would make sense to hang on to those programmes that bring in the most revenue and cut the others, but, the big-ticket items are welfare and warfare. You no longer have enough money to maintain those in full. You’ll have to cut back on them, but they’re the programmes that allow you to continue in office. Without them, you not only won’t survive the next election, you might face revolts. So, you do what you have to. You dismantle every other department as much as is possible and hope for the best. After all, your primary concern is not the survival of your country’s economy. Your primary concern is your own retention of power.
Historically, what you end up with is fewer departments surviving the cut, with each of the surviving departments operating on a skeleton crew, resulting in all of them being less effective. A good example today is Argentina. It was once the tenth most productive country in the world, but, in the 1950’s, the Perons collapsed the economy through socialism. It’s never recovered. Argentina today passes laws as regularly as any other country, but they’re considered a joke by Argentines. Especially in the outer areas, the laws are largely ignored. Whatever little the government does do is extremely inefficient. The US has, in recent years, gone way over the top with regard to the economic enslavement of its people, but it has funded the programme through massive heroin (debt) injections. When that debt collapses, the US Government will drop dramatically in terms of its ability to control its people in every way, but its main focus will then be on riot and revolt control. That aspect will be fully funded – moreso than at present.
At that point, the investor who has a bit of gold or an account in Switzerland will be too costly to go after. Political leaders will be scrambling to save themselves and there will be far more important priorities to fund. As a holder of wealth (no matter how small), your objective is to bridge the period from now until then. Diversify yourself as much as you can and then sit tight. The primary objective is to still have your skin on after the dust has settled. -Jeff Thomas
17 Reasons To Avoid Gold
Never put off until tomorrow what you can do today, because by that time there will be a tax on it.
Entendance on twitter
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Post by Entendance on May 25, 2017 13:04:14 GMT -5
"We know much is currently wrong with our financial world, as discussed in the James Rickards book “The Road to Ruin” and elsewhere. •The official U.S. government debt is nearly $20 trillion. Unfunded liabilities are 5 – 10 times larger. Debt has doubled every 8 – 9 years for decades – since the Federal Reserve was put in charge of devaluing the dollar. Debt will continue to grow, obviously out of control. •Millions of Americans are out of work, regardless of the official statistics. •Prices increase, some rapidly, regardless of the official statistics on consumer price inflation. •More government spending and debt are looming on the horizon. New and escalating wars are likely. Expect more deficits, debt, and inflation. •The U.S. stock market is selling at all-time highs, levitated by “easy money” and unsupported by fundamentals or breadth.
Option A: Trust the professionals who manage our digital and paper wealth which is backed only by debt, promises, fantasy, and confidence in the Federal Reserve and government. Believe official statistics and mainstream media that tell us things are peachy and not to worry.
Option B: Use gold and silver bullion (not the paper stuff) as financial insurance to protect the buying power of some or most of our net worth. Based on a century of experience, we can depend upon central banks and global governments to devalue currencies, create more debt, and propel gold and silver prices far higher.
Really? Those options seem extreme. Why? Read on!..." ***Mile Markers on the Road to Ruin
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Post by Entendance on Jun 8, 2017 11:54:48 GMT -5
The greatest market mis-pricing, ever!
Jim Grant calls Steven Bregman, “one of Wall Street’s most interesting thinkers.” I called upon him to share his thoughts on the massive and growing trend to passive investing which he calls, “the greatest bubble ever.” He discusses the differences between the current bubble in the financial markets and prior bubbles, the specific distortions created in the markets and the unique opportunities they present. Perhaps most importantly, Steven reveals the little-discussed structural shift in passive investing which dramatically devalues it as a strategy and how investors have been deceived by historical return figures that are not applicable to the products they own today. We also get into his personal history in the financial industry along with his evolution as an investor and more. Here are a few notes and links related to the episode:
***Steven Bregman On ‘The Greatest Bubble Ever’ (Passive ETF Investing) H/T Tom from Florida
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Post by Entendance on Jul 15, 2017 4:52:09 GMT -5
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Post by Entendance on Aug 20, 2017 5:06:43 GMT -5
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Post by Entendance on Aug 30, 2017 4:37:44 GMT -5
September 19, 2017***Google hiring 1,000 journalists in effort to control American news flow
September 9, 2017***Big Brother Google now watching your every political move
Michael Krieger:***Google Has Become a Major Threat to Democracy in America
***Here
Again on facebook amazon google ***We need to nationalise Google, Facebook and Amazon. Here’s why
***Social Media is A Tool of the CIA: “Facebook, Google and Other Social Media Used to Spy on People”
“The evil was not in the bread and circuses, per se, but in the willingness of the people to sell their rights as free men for full bellies and the excitement of the games which would serve to distract them from the other human hungers which bread and circuses can never appease.” -Marcus Tullius Cicero I guess we could substitute MacDonald’s and iPhones these days. The point being little has changed historically since Cicero who lived in 106 BC. That’s a depressing view of conditions perhaps then and now. Perhaps worse still is the following satirical comment from the poet Juvenal. He lived much later; the 2nd century AD: “The fools did not realize that they were merely recovering a portion of their property, and that their ruler could not have given them what they were receiving without having taken it from them.” Ok, you’re thinking me a warped old man with too much time on hands. You might be right but then there’s the haunting truth that comes through these legends—nothing given greed and the lust for power changes. How does one live with these painful realities? We must go forward given these realities and deal with the hand we’re dealt. -Dave Fry, founder and publisher of ETF Digest
The Stupidity Public Beach, Always Updated:***Stultorum infinitus est numerus ***
***Grasping For Salvation: Italia Sound and Honest Money:*** Fred & Entendance Gold & Silver Beach
Sollte dir dieser Strand gefallen, dann kannst du deinen Freunden behilflich sein, indem du sie über Fred & EntendanceInvestors Beach informierst. Lasst uns gemeinsam diesen Ort zu einen blühenden Club für Vortrefflichkeit, Bildung und Information machen!
E. on twitter If you like this beach, then you can help your friends locate it by letting them know about Fred & EntendanceInvestors Beach. Let's all make this place a thriving sheltered Club for excellence, education and information!
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Post by Entendance on Sept 22, 2017 7:16:24 GMT -5
***Why Amazon is eating the world***
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"A domination story in the making and the companies at the other end. You must be an alien to have not purchased a product through Amazon, and if you haven't, you've presumably heard of Amazon. An online commerce website, Amazon started off as a book store and now in 2017, you can literally by anything that you need from this powerfultool. Easy, convenient and fast may be the first three words that come to mind when people think of Amazon. With hints that Amazon processes 35 orders per second in their warehouses, you don't need to be a mathematician to know that, that's a lot of transactions per year. With people moving from in-store purchases to using online sites, Amazon has implemented it's foundation into establishing the most powerful e-commerce site in the views of so many. Why so much domination? With Amazon's stock price recently surpassing $1000US, many people continue to have high hopes and confidence with Amazon's growth. And whyshouldn't they? One of the many reasons for Amazon being an effective dominator, is their customer service. With high customer feedback and high customer satisfaction, there is no doubt that Amazon has formed a bond with customers. Amazon possesses a value that many other companies lack and this is, trust. Amazon may not be the cheapest but that doesn't matter when customers keep coming and coming and coming because they trust Amazon and know that if they do experience a problem, there will always be a solution equivalent and if not, even of greater value. And there is no surprise that Amazon has one of the most robust and quickest delivery services. Why would you go in-store if you have the ability to press some buttons and get your purchase on the same day? Why companies will always be chasing Amazon? Here comes the competition. But can companies afford to compete with Amazon? Are they just digging themselves into a bigger hole? The e-commerce bubble is huge and I'm certain that each one of you reading this can name at least several. There are two strong and fundamental truths that companies disregard. And the main reason these truths are being passed upon, is because failing companies don't want to know the truth. They get stuck "in the rut". #1 | Bad customer service, bad company If you treat your customers poorly, your customers will treat you poorly. It is simple cause and effect. As stated in the book 'Rework' by Jason Fried and David Heinemeier Hansson, "All companies have customers. Lucky companies have fans. But the most fortunate companies have audiences. An audience can be your secret weapon." Failing to tick fundamental truth numero uno, is already a bad start. #2 | Copying can't make a great company ...unless copying is the product you sell and you copy to a standard of which other companies cannot compete. In order to make great change, you cannot just improve incrementally on an aspect. Many companies and brands are now copying Amazon, not knowing that they are shooting themselves in the foot. If you are the slower runner, it is highly unlikely that you will win against the fastest runner who already is 10m in front of you. In this case, Amazon is the fastest runner. Amazon in the future A monopoly. Governments are already fearing how large Amazon is and will be. And there's no stopping them. Well-trusted brands with firm foundations such as Amazon will always control the market or industry. And with these well established companies, communities are created. Sellers and buyers gain a higher trust level; quality is assured and speed is of the essence. And Amazon is only 23 years old..." -John Tan
"Amazon, Facebook and Google: The new robber barons?" ***Time for a Conservative Anti-Monopoly Movement H/T Tom from Florida
The E, Beach & amazon google facebook
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Post by Entendance on Sept 28, 2017 4:02:28 GMT -5
Obsequium amicos, veritas odium parit. -Publius Terentius Afer
L'adulazione procaccia amici, la verità attira l'odio Obsequiousness brings us friends, the truth brings forth enemies
"...The cancer eating away at our economy and society arises from the Federal Reserve and the structure of our financial system, and the the degradation of our representative democracy into a pay-to-play auction to the highest bidder." More here
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Post by Entendance on Oct 16, 2017 2:47:36 GMT -5
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Post by Entendance on Oct 24, 2017 4:20:04 GMT -5
Monsanto Faces Blowback Over Cancer Cover-Up A release of internal emails has revealed that U.S. agrochemical giant Monsanto manipulated studies of the company's herbicide, Roundup. Experts believe the product causes cancer - and the consequences for the company could be dire.
More***here
***Hidden Danger of Ecological Collapse
October 24, 2017 ***Glyphosate is found in 60% of UK bread and environmentalists welcome a ban but industry warn of uproar among farmers if herbicide is phased out
The Entendance Beach & Monsanto
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