Month: August 2018

What if Venezuelan Hyperinflation Came to the US?

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by Jeff Clark, Senior Precious Metals Analyst, GoldSilver   Mike Maloney thinks that hyperinflation is a distinct possibility in the US. So when I read about the runaway inflation rates in Venezuela, I wondered how that would play out in the US if he’s right. From the outset we should say that America has some obvious differences … Read more

China’s peer-to-peer lending industry, the world’s largest, is shrinking

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#China's peer-to-peer lending industry, the world’s largest, is shrinking, BBG reports. Savers have been rushing to pull money amid a govt crackdown that's seen some platforms halted & put under police investigation. Outstanding loans dropped 26% in July to 956bn yuan ($139bn). pic.twitter.com/Eu66AZl08P — Holger Zschaepitz (@Schuldensuehner) August 21, 2018 New deputy #PBOC governor Zhu … Read more

David Morgan on End of Empire: “You Can Never Get Enough of What You Don’t Need”

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by goldsilver Fed-fueled valuation madness. Cheap debt and deep tax cuts piped directly to corporations, who then use that money to buy their own expensive shares in huge buybacks while the same executives who put out press releases crowing about how cheap their stock is (hence the aggressive buyback) sell their personal shares into that same … Read more

It Takes Two Shopping Carts Full of Cash to Buy One Cart of Groceries in Venezuela

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In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country’s minimum wage and create a single exchange rate pegged to his government’s petro-backed cryptocurrency, effectively devaluing the country’s currency by 96%, Reuters reported. Venezuelans rushed to shops Friday to stock up on goods before the monetary overhaul … Read more

The 2008 financial crisis never really ended

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via qz: Most retellings of the 2008 financial crisis, which began in the US and swiftly spread across the world, hinge on the understanding that the crisis came to an end—and that, in the US, it ended quite quickly. Crashed: How a Decade of Financial Crises Changed the World (Penguin Random House, Aug. 7, 2018), the latest book … Read more

1 Year 2.2 Million Percent Return (Gold)–1 Day 96% Paper Loss

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by SP Performances 5 days 1 month YTD 1 year 5 years 10 years Max Gold Price per Ounce (VEF) -0.82% 100.85% N/A 2,224,621.24% 3,428,439.64% N/A 12,495,881.72% Live Gold Spot Price – Venezuelan Bolívar (VEF) ================================================================= Maduro orders 96 percent devaluation in hyperinflation-stricken … Daily Times–Aug 18, 2018 Venezuela’s president Nicolas Maduro announced on Friday a … Read more

Housing Affordability By City: 2018 Figures

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by Trivirus http://www.demographia.com/dhi2018.pdf Index number is median house price:median income. Notable US cities (Low end): 1 U.S. Rochester, NY 2.6 2 U.S. Cincinnati, OH-KY-IN 2.7 2 U.S. Cleveland, OH 2.7 4 U.S. Buffalo, NY 2.8 4 U.S. Oklahoma City, OK 2.8 4 U.S. Pittsburgh, PA 2.8 7 U.S. Detroit, MI 2.9 7 U.S. Saint Louis, … Read more

The Case for a 50-Year Bull Market! This is the type of headline we always see before a nice recession

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  The Case for a 50-Year Bull Market https://www.barrons.com/articles/the-case-for-a-50-year-bull-market-1534550401?mod=trending_now_4 Here are a couple of historic magazine covers. https://www.financialsense.com/sites/default/files/users/u163/images/2012/0504/01-dow.jpg https://www.financialsense.com/sites/default/files/users/u163/images/2012/0504/02-businessweek.jpg   h/t MakeTotalDestr0i

Dots Connect Themselves…

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via Ducandy: Read this for an incredibly simplified version of what has been going on in Circle-Jerk DC!!? It spells it Incest, it’s Incestuous From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had been empaneled. Governments from around the world had donated to the “Charity”. Yet, from 2001 … Read more

10 YEARS IN JAIL For Not Giving Police Your Phone Password? – Welcome To Australia

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New Australian bill introduces some of the toughest legislation anywhere in the world for refusing to hand over personal data, while other Western countries are scrambling for their own solutions. Existing legislation already allows for imprisonment for up to two years for failing to give investigators access when serious crime is involved, but the new Assistance … Read more

America Is Overdue for Another Economic Disaster

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via National Review Underneath the current economic boom, there are some truly worrying signs. Eric Sevareid (1912–1992), the author and broadcaster, said he was a pessimist about tomorrow but an optimist about the day after tomorrow. Regarding America’s economy, prudent people should reverse that. This Wednesday, according to the Financial Times‘ Robin Wigglesworth and Nicole Bullock, … Read more

Since 2003, 400 TSA agents have been arrested for theft of passenger items while not one terrorist has been caught.

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A TSA agent convicted of stealing more than $800,000 worth of goods from travelers said this type of theft is “commonplace” among airport security. Almost 400 TSA officers have been fired for stealing from passengers since 2003. Pythias Brown, a former Transportation Security Administration officer at Newark Liberty International Airport, spent four years stealing everything … Read more

Rich moving to coasts as poor go inland… Foreclosures rising

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America’s rich are moving to the coasts as the poor go inland America’s wealthy households are increasingly moving to coastal cities on both sides of the country, but those with more modest incomes are either relocating to or being pushed into the nation’s Rust Belt, according to a new study. That’s creating “income sorting” across the … Read more

California ranch lists for 125 times previous purchase price

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Around the country, home prices near major metros have jumped significantly in the last few years, making the areas unaffordable for many — and pushing long-time local residents to sell and cash in on the run-up in valuations. In Marin County, California, home prices have risen more than 9 percent in the last year, according to Zillow. Mark Pasternak … Read more

We’re In The Biggest Real Estate Bubble Ever, Even Surpassing The Subprime Bubble That Preceded The 2008 Collapse

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by Alexander Trigaux, Editor, GoldSilver   Not only is the new real estate hyper-bubble here, but signs abound that it is popping right now: Housing demand sees biggest drop in more than 2 years Housing market has hit a ‘significant slowdown’ in recent weeks Mortgage rates climb as housing market loses its mojo Mike Maloney explains … Read more

The “dependent victim” psyop

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By Jon Rappoport ANY person who exits an “officially designated victim-group”…and then succeeds in life on his own…and then goes one step further and refuses to identify his entire existence with his former group…but instead stands as a unique individual…why, that person, at the very least, must be a criminal, if not a terrorist, right? … Read more

Who is the Fool? The Borrower or the Lender?

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by Martin Armstrong Many people worry about over-indebtedness and point to a default of borrowers. It is interesting how the view of debt is always the low-life borrower. In reality, the real stupidity rests with the lender. Many are pointing to US corporate debt and stating that it has grown to an estimated US $ 7 … Read more