[Most Recent Quotes from www.kitco.com]

The Number One Enemy of the US Economy: The Federal Reserve

There have been three central banks in our nation’s history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as “fractional bankiing.”

The Birth of Legal Counterfeiting

“If I were a rich man, Daidle deedle daidle, Daidle daidle deedle daidle dumb…”

The FED is a central bank. Central banks are supposed to implement a country’s fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable.

Central banks also do business, such as currency exchanges and gold transactions, with other central banks.

In theory, a central bank should be good for a country, and they might be if it wasn’t for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit… Continue reading

Posted in Out of the Past, The Mine or the Shaft | Comments Off on The Number One Enemy of the US Economy: The Federal Reserve

A “MAD MAX” SCENARIO Isn’t Something That Might Happen… It’s INEVITABLE!

We are at the pinnacle of affluence right now, but every penny of every debt must still be paid, so the systems will fail…

Some people see a “Mad Max” scenario might be coming because of the enormous unpayable global debt. Financial writer and professional trader Rick Ackerman contends, “I am a little more bearish than that. I see a Mad Max scenario as inevitable. . . . I try not to think about it because we’ve all got lives to live and kids to raise. . . .

When you go back to the calculous of deflation and that every penny of every debt must be paid, if not by the borrower then by the lender, we have already put ourselves into a condition where Social Security is going to fail. Medicare is going to fail. All the ‘just-in-time’ deliveries are going to be in jeopardy. Food from the grocery stores, one day shipping from Amazon, I don’t see how all these thing s can continue to operate in a condition other than in the false prosperity that we have now. We are at the pinnacle of affluence.”

Posted in The Mine or the Shaft | Comments Off on A “MAD MAX” SCENARIO Isn’t Something That Might Happen… It’s INEVITABLE!

The Greatest Swindle in American History… And How They’ll Try It Again Soon

International Man: Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something only the rich would have to pay. Continue reading

Posted in The Mine or the Shaft | Comments Off on The Greatest Swindle in American History… And How They’ll Try It Again Soon

America’s Economy Pushed Beyond Reality ~ And On the Last Day…

What fools we have running the nation. We haven’t had true capitalism in over a hundred years, and what everybody who has bought the flawed concept doesn’t understand is that the supposed “Great Economy” is a pure fabrication and manipulation that cannot and will not last, and it has been so constructed, that when it does implode upon itself, the results will be much more devastating than if the government and the Fed had kept their hands out of it.

But then again maybe I’m the fool. I do believe in a free market capitalist system 100%, and I also understand that the current over-regulated fascist system has picked winners and losers over the century and created a great deal of the current wealth inequality we now see. A correction must come about to close the gap between those who take the risks of starting businesses with their capital and those who provide the skills and labor to run those businesses. And with that said, I will also add there is nothing at all wrong with anyone making a fair profit from the sweat of their own brow, initiative and talent.

“We are living in a system of the banks, by the banks and for the banks, and that is the reality…” ~ G. Edward Griffin, author of ‘The Creature from Jekyll IslandContinue reading

Posted in The Mine or the Shaft | Comments Off on America’s Economy Pushed Beyond Reality ~ And On the Last Day…

Dateline: NO-vember 12, 2019

DEheadlines_orig

Explosion of debt to make gold prices skyrocket, just wait for it
Ballooning debt has not yet exploded, and the debt to GDP ratio keeps expanding, and this eventually will drive gold prices much higher than current levels.

“There are a lot of catalysts that have pushed gold to where they are now. We broke through that $1,400 ceiling and now the $1,400 seems to be the floor,” Clark told Kitco News on the sidelines of the Silver and Gold Summit in San Francisco. “It’s not surprising that gold came a little weaker recently, but when you think about it, the big catalysts that are out there, that will drive gold and silver higher, haven’t even begun to play out yet”… (Continue to full article)

Gold prices to skyrocket on overdue volatility in 2020
From a macroeconomic perspective, several of the longer-term problems that would be bullish for gold will likely manifest in 2020, including a recession and an escalation of the trade wars tensions with China, this according to Peter Hug, global trading director of Kitco Metals.

“From a physical perspective, if you’re an investor from a medium to longer term perspective, you just stay with this market and if your holdings are under your percentage allocation that you were looking to apply to your portfolio from the perspective of gold, then you just add to the position at these levels because I think 2020 is going to be a very, very volatile year and I think it’s going to be very positive for the metals”… (Continue to full article)

Gold prices to cross $1,600 in 2020 despite year-end consolidation – RBC Capital Markets
It is not surprising that gold is consolidating into year-end, but it doesn’t mean that it won’t cross into the $1,600 territory next year…

Gold is likely to finish the year in the $1,400s range as the precious metal has run out of steam due to higher U.S. equities, monetary policy direction and positive U.S.-China trade headlines, said RBC Capital Markets commodity strategists Christopher Louney.

We’ve consistently been calling for consolidation before year-end (which is arguably something we are seeing now). Our Q4 average price forecast is $1484/oz… (Continue to full article)

How To Spend $45,000 On A $27,000 Car
As cars become more expensive, and trade-ins worth less and less, buyers go deeper in debt on new cars. Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon—referred to as negative equity, or being underwater—can leave car owners trapped.

Some 33% of people who traded in cars to buy new ones in the first nine months of 2019 had negative equity, compared with 28% five years ago and 19% a decade ago, according to car-shopping site Edmunds. Easy lending standards are perpetuating the cycle, with lenders routinely making car loans with low or no down payments that can last seven years or longer… (Continue to full article)

Economists Are Still Hooked On The Myth That Saving Is Bad For The Economy
According to new data from the US Bureau of Economic Analysis, the personal saving rate in the US in September 2019 was 8.3 percent. That puts it near a six-year high, and comparable to the saving rate we saw during the early 1990s.

Indeed, the personal saving rate has been heading upward steadily for the past eighteen months. And that’s a bit of an unusual thing. For at least the past fifty years, the saving rate has tended to increase when the economy is doing poorly, and decrease when the economy is doing well. We saw this in the late seventies and early eighties during the age of stagflation and the 1982 recession. We certainly saw it in the wake of the 2008 financial crisis, when the saving rate quickly rose from a near-low of 3.8 percent in August 2008, more than doubling to 8.2 percent during may of 2009. But now… (Continue to full article)

No Recession, Ever Again? The Yellowstone Analogy
Central banks’ attempts to eliminate recessions insure a devastating financial fire that will burn down the entire global financial system…

The global financial system has been busy piling up dead wood since the brief fire in 2008-09 threatened to burn down the entire system. All the derivatives originated and sold prior to 2009 were supposed to, along with “self-regulating markets” (heh), limit the risks in the financial systems to near-zero… (Continue to full article)

Worse Than Payday Loans For US Consumers? Online Installment Loans Up 10 Fold Since 2014!
Some politicians went after Payday Loan companies, but many of the loan shark practices have moved online and business is booming…

Some Democrat politicians went after Payday Loan companies but many of the same loan shark practices (charging triple digit interest rates) have moved online. And growth in this industry (loan volume) is up around 10 fold since 2014! YIKES!… (Continue to full article)

We Cannot Grow Our Way Out Of The Debt Pyramid
There is only one way the U.S. debt and deficit problems end. Are you prepared for it?

The United States has both a debt and deficit problem, driven by years of overspending and unfunded promises made by politicians of both parties to pay for war, health care and retirement benefits to current and future seniors. Their solution to the problem is simply going more into debt. There is only one way this kind of thinking ends. Are you prepared?… (Continue to full article)

No Blue Eyes here…

Jamie Dimon Tells 60 Minutes He’s a Patriot; There’s Good Reason to Think He’s a Crime Boss
Dimon was interviewed by Lesley Stahl this evening on the CBS investigative news program, 60 Minutes. The gist of Dimon’s argument is that candidates for President, such as Senator Elizabeth Warren, should stop vilifying him simply because he’s “successful.” Dimon also wants the public to know that it’s “dead wrong” to think he’s not a “patriot.”

JP Morgan the Pirate (Jamie Dimon)

Dimon is a bit more than “successful” when it comes to the pile of money he has accumulated.

According to Forbes, Dimon is worth $1.6 billion. The bulk of that money has come from stock grants while serving as Chief Executive Officer of the largest bank in the U.S., JPMorgan Chase, since December 31, 2005 as well as Chairman of the Board since December 31, 2006. Unfortunately, there is a very substantive argument against Dimon being a patriot and a very persuasive argument… (Continue to full article)

For Millions of Americans in the Middle of the Country, it Feels Like an Economic Depression Right Now
It may still feel like “the economy is booming” for those at the top end of the economic food chain in big coastal cities such as New York and San Francisco, but for millions of hard-working Americans in the middle of the country, talk of a “coming recession” is absolutely ludicrous because it already feels like a severe economic depression is happening right now… (Continue to full article)

About These Most Recent Price ‘Corrections’ in the Gold Market
Here is some perspective…

First is a chart below of the three recent major price declines, bear attacks driven by concerted contract dumping by a bullion banks holding heavy short positions. We know this by the volume of contracts being suddenly put forward on the ‘sell side.’ And second is a comparison of the two major gold corrections from this year.

As you may recall the Spring 2019 gold correction resolved into a very brisk rally to the upside, as the shorts were squeezed by determined buying by large speculators. Let’s see how this latest price decline resolves… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
Call or TEXT: 1 – 602 – 799 – 8214
gold@morganapreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: NO-vember 12, 2019

County Says Seizing Home Over $8.41 Tax Debt Was OK Because Counties Need Money

You have a situation where a person owed $8 and lost their house. I mean, how is that equitable?” asked Michigan Supreme Court Justice Richard Bernstein.

Michigan Supreme Court

Arguing before the Michigan Supreme Court, attorneys for the county that pocketed nearly $25,000 from forfeiting Uri Rafaeli’s property over a $8.41 tax debt argued that it’s not really about the property—it’s about the money. Continue reading

Posted in The Mine or the Shaft | Comments Off on County Says Seizing Home Over $8.41 Tax Debt Was OK Because Counties Need Money

The Power of Gold in Times of Crisis

While physical gold is a well-known safe haven asset which investors flock to in times of market turbulence as a way of protecting their wealth, gold is also the ultimate asset to own and possess in times of crisis and emergency. These crisis situations can range from episodes in which fiat currencies collapse, to times in which gold buys safe passage across international borders, and even to periods in which only gold can bail out and rescue an entire nation. Sometimes gold even ensures self-survival and can literally be the difference between life and death. Continue reading

Posted in Let's Get Physical | Comments Off on The Power of Gold in Times of Crisis

Dateline: NO-vember 7, 2019

DEheadlines_orig

Silver Will Be Our Money After The Financial Crisis
Something will be our medium of exchange after the coming grotesque inflation, and Kunstler says it will be silver. Here’s why… (Continue to full article)

All Of The Central Bank’s Policy Tools Amount To Manipulating Interest Rates
You’d think that everyone would know that printing fake money and waving bogus theories around will not create new wealth. The excuse is that the so called wealth effect is so pleasant. Like drugs provide a happiness effect.

This is the meaning of a rising debt—federal government debt, state and local government debts, corporate debt, personal debt, underfunded pensions, unfunded government liabilities, etc. They are all forms of consuming something now, and replacing the consumed goods (i.e. capital goods) with a note that says “I.O.U.” But unless that borrowing financed productive assets that will pay the note with interest, it’s counterfeit credit. It cannot and will not be paid… (Continue to full article)

US National Debt Passed $23 Trillion, Jumped $1.3 Trillion in 12 Months
The US gross national debt – the sum of all Treasury securities outstanding – passed another illustrious milestone, $23.01 trillion, the US Treasury department disclosed on Friday. And it got there at lightning speed just eight months after having passed the illustrious milestone of $22 trillion on February 11. Over the past 12 months, the US national debt has jumped by $1.33 trillion – and these are the good times, and not a financial crisis when everything goes to heck And these are the good times. What happens in a recession?… (Continue to full article)

Time for Investors to Reset Their Portfolios for Inflation
no national wealth is gained overall through the artificial interjection of monetary inflation by the Federal Reserve. But the central bank’s interventions do have the effect of transferring wealth – often from wage earners and savers to speculators and leveraged financial institutions. The Fed’s recent stimulus campaigns and pronouncements on inflation may be setting up investors who buy into conventional asset markets for failure. Last week, Fed chair Jerome Powell reiterated his goal of achieving a 2% inflation objective.

Put another way, the Fed aims to destroy 100% of the real value of any bond or bank certificate of deposit that yields 2%. Since most savings and money market accounts yield less than that, the Fed aims to ensure they deliver negative real returns… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
Call or TEXT: 1 – 602 – 799 – 8214
gold@morganapreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: NO-vember 7, 2019