[Most Recent Quotes from www.kitco.com]

Dateline: July 15, 2019

DEheadlines_orig

Banks Are Scheming to Dominate a Future Cashless Society
his ongoing push for a cashless society in Europe, Asia, and the Americas is about much more than just phasing out paper money — it’s about central planners solidifying control over the public’s wealth. This ongoing merger of corporate and government interests is the definition of crony capitalism. Regardless of the blatant collusion, the choices individuals make will still ultimately decide the direction for the future… (Continue to full article)

Bank Admits Fiat Currencies Are Failing and Cryptocurrencies May Replace Them
Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies face. As such they are forced to prioritise low interest rates and nominal growth over inflation control which could herald in the beginning of the end of the global fiat currency system that begun with the abandonment of Bretton Woods back in 1971… (Continue to full article)

Dow 27,000? I Think That We Have FINALLY Reached Peak Stock Market Absurdity
Even though everything else seems to be going wrong, the stock market just continues to soar to new record highs. In fact, the Dow Jones Industrial Average closed above 27,000 for the first time ever on Thursday. Investors continue to relentlessly believe that bright days are ahead even though we are on the brink of a war with Iran, we are in the middle of a trade war with China, California has been hit by more than 10,000 earthquakes over the past week, and all of the economic numbers are screaming that a recession is dead ahead… (Continue to full article)

Federal Reserve Says Not to Worry About a Financial Crisis. That Means You Should
Downturns in the auto industry and housing market, along with record consumer debt are just a few preliminary signs that something is fundamentally wrong. This doesn’t point to an imminent crisis, but Janet Yellen’s overconfidence should send a chill down the spine of investors worldwide. Rhetoric is a tool the Fed uses to guide confidence in its fiat Ponzi scheme, and this new level of blind faith in central bank power would be funny if the implications weren’t so serious… (Continue to full article)

Gold Catches A Second Wind Following Dovish Federal Reserve Minutes
Gold prices were already enjoying strong gains after Powell said, in day-one of testimony before Congress, that growing uncertainty is weighing on potential economic growth. Gold prices pushed well above $1,400 an ounce following his comments. The yellow metal has caught a second wind with prices trading just below session highs. August gold futures last traded at $1,416.60 an ounce, up 1.15% on the day… (Continue to full article)

Central Banks Are Buying Gold To Stay Independent – Why Wouldn’t You?
The dollar has been moving down the charts compared to other currencies around the world, this has created an upward move in gold pushing gold to six year highs. The Federal Reserve Note, U.S. dollar, according to serial entrepreneur and investment advisor, Lior Gantz, Wealth Research Group, is merely 1.5% away from creating a bear market in the currency that would reprice all commodities much higher. This would include gold and silver… (Continue to full article)

Gold Price and Its Relationship with Inflation
Inflation is the increase in the price you pay for goods and services, which affects the purchasing power of your money. This is more accurately called “price inflation” as compared to “monetary inflation”. As inflation increases, the value of your money decreases. There are many different causes of inflation, but the most important cause is an increase in a country’s money supply. When the government decides to print money or implement a quantitative easing program, the money supply is increased (i.e. monetary inflation), thus affecting the general level of prices… (Continue to full article)

A True Rarity… a modern tune of pure enjoyment…

US House Prices Say Bubble, While Recession Looms
I remember when a Chief Economist at a large Washington DC area housing finance entity said that the definition of a house price bubble is when house price growth exceeds household income growth. Sounds reasonable. But what that means is that most of the USA is mired in ANOTHER house price bubble. According to research firm Clever, national house price growth is exceeding median household income growth. But a substantial margin. (CHARTS)… (Continue to full article)

 

Retail Inferno: 12,000 US Stores Closing
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.

The end cometh for the Malls of America

So far this year, US retailers have announced 7,062 store closures and 3,017 store openings. This compares to 5,864 closures and 3,258 openings for the full year 2018. Here is Coresight’s complete list of store closures so far for this year… (Continue to full article)

“Blessed With Stupidity.” Why Gold is Poised for a Dynamic Five Years
Here we’ve put up with Central Banks saying we’re going to print money, we’re going to go to zero interest rates, and it will be the antidote to everything and we’ll have wonderful economies. And here we are—we don’t have a wonderful economy. I’m thinking of Europe in particular. We don’t have a wonderful economy! We have negative interest rates, and what does Mr. Draghi say? ‘Well, we’re going to cut rates and we’re going to print more money.’ Well, you know, it didn’t work the last time! Why do you think that it’s going to work this time? Isn’t that the definition of stupidity?… (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
1 – 623 – 327 – 1778

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: July 15, 2019

Dateline: July 12, 2019

DEheadlines_orig

IRS Admits It Encourages Illegals To Steal Social Security Numbers For Taxes
This isn’t exactly the kind of story the IRS wants buzzing around at tax time. The IRS and Justice Department normally want ‘scared straight’ stories just before Tax Day. Ideally, when an indictment or conviction for tax evasion hits the news, it makes you think twice. Somehow, you think just a bit more about all those deductions, or if you really reported all your income, before you sign your return under penalties of perjury.

The Top Dog talks about illegal immigrants, and about the IRS turning a blind eye. Or maybe worse. The IRS actually wants illegal immigrants to illegally use Social Security numbers… (Continue to full article)

Fed’s Powell explains why a return to the gold standard would be so damaging to the economy
Probably because he would get ‘Clintonized!

“If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says.Though Powell distanced himself from the Fed nomination process, his comments put… (Continue to full article)

China Acquires More Gold While Dumping U.S. Treasuries
“Chin, Hau, Dung! We don’t need you no more!

We are told China’s economy is hurting, the “trade wars” are working and bringing China to it’s knees. From where I sit nothing could be further from the truth. Currently China holds well north of $1 TRILLION in U.S. Treasuries – debt – that you and I… (Continue to full article)

Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money
A softer increase in the personal consumption price index (PCEPI) adjusted for food and energy has likely prompted Fed policy makers to hint about a cut in the policy interest rate in the months ahead. The yearly growth of the PCEPI adjusted for food a…

DON’T buy into it – it will soon be 2009 all over again! (Continue to full article)

Plenty of Money Printing But Where’s the Inflation
It constantly comes up: With all this central-bank money printing and the zero-interest-rate policies and the negative-interest-rate policies, and all these central-bank liquidity injections, in other words, with all these loosey-goosey monetary policies around the globe, why are we not seeing huge bouts of inflation?

Well, since we’re not seeing big bouts of inflation, these loosey-goosey monetary policies should become standard, perhaps run by the government, instead of a central bank, and renamed Modern Monetary Theory, or whatever, because it will give us all this stuff for FREEEEEEEEE … (Continue to full article)

Ship Owned by JPM Seized Carrying $1.2B in Cocaine
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used for black market exchange. Especially given the extensive history of globally established banks paying reparations for money laundering.

AYE ME HEARTIES – Cap’n Dimon finally caught transporting illegal bootie as Cocaine has now outperformed the Morgan-Chase holdings of gold and silver… (Continue to full article)

Kamala Harris’s Distinguished Career of Serving Injustice
The presidential hopeful’s record in California undermines her claim to progressive credentials…

Harris began in Politics in the horn section of the San Francisco Mayoral Orchestra!

Harris’s prosecutorial record, however, is far from progressive. Through her apologia for egregious prosecutorial misconduct, her refusal to allow DNA testing for a probably innocent death row inmate, her opposition to legislation requiring the attorney general’s office to independently investigate police shootings and more, she has made a significant contribution to the sordid history of injustice she decries – usually because she was down upon her knees performing some other duties. Offended – GOOD – you should be! (Continue to full article)

“Blues en mineur” ~ Oh so mellow…

Is There a Stealth Financial Crisis? Alarm Bells Are Ringing
Shhh! Don’t wake the Wall Street bank regulators from their decade-long slumber to whisper in their ear that the same critical signs they ignored in 2007 and early 2008 are rearing their ugly heads again. Let’s take a look at the clear warning signs that began in July 2007 and then contrast them against what is happening today… (Continue to full article)

Poland’s Been On A Gold Buying Frenzy And Now They Want 100 Tons Of Their Gold Back From Bank Of England Vaults
Gold is the “most reserve” of reserve assets: it diversifies the geopolitical risk and is a kind of anchor of trust, especially in times of tension and crises. In the case of Poland, however, it is an exceptionally good economic situation and a steady, strong increase in foreign exchange reserves (by over EUR 30 billion over the last five years) allowed to increase Polish gold resources, which will strengthen credibility and secure the financial strength of our country even in extremely unfavorable conditions .

Hey Queenie- the Poles want their gold back!

There were also comparative reasons for the decision to buy gold… (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
1 – 623 – 327 – 1778

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: July 12, 2019

Price: About Bitcoin

Bitcoin is nothing more than a distraction, created to direct widespread public worry away from concern about the eventual collapse of the Dollar’s value.

What entity would wish to distract investors’ attention away from concerns with the Dollar?

Obviously, the US Government. Continue reading

Posted in The Price is Right | Comments Off on Price: About Bitcoin

Millennials Didn’t Kill the Economy… The Economy Killed Millennials

The American system has thrown them into debt, depressed their wages, kept them from buying homes—and then blamed them for everything.

When a staid American institution is declared dead, the news media like to haul the same usual suspect before the court of public opinion: the Millennial generation.

The 80 million–plus people born in the United States between the early 1980s and the late 1990s stand accused of assassinating various hallmarks of modern life. The list of the deceased includes golf, department stores, the McDonald’s McWrap, and canned tuna. Millennials tore up napkins, threw out mayonnaise, and mercifully disposed of divorce and Applebee’s before graduating to somewhat postmodern crimes: “Have Millennials Killed Serendipity?” With the national murder rate in long-term decline, it may even be said that Millennials are killing killing. Continue reading

Posted in The Mine or the Shaft | Comments Off on Millennials Didn’t Kill the Economy… The Economy Killed Millennials

Dateline: July 8, 2019

DEheadlines_orig

Fed’s Easing Pace Questioned But Gold To Remain Around The $1,400 Level
The precious metals sector got hit hard on Friday as the market re-priced its Federal Reserve rate cut expectations — taking a 50-basis point cut off the table in July.

The analysts are now busy debating whether or not the Fed will cut rates in July and by how much in light of the latest solid job numbers out of the U.S… (Continue to full article)

Wall St, Main St. Look For Gold Prices To Recover From Sell-Off
Sixteen market professionals took part in the Wall Street survey. A total of eight voters, or 50%, called for gold to rise. Nevertheless, a higher percentage of voters were bearish than in the last several surveys. There were four votes each, or 25%, for both lower and sideways/neutral.

Meanwhile, 721 respondents took part in an online Main Street poll. A total of 470 voters, or 65%, called for gold to rise. Another 144, or 20%, predicted gold would fall. The remaining 107 voters, or 15%, saw a sideways market… (Continue to full article)

Is The Debt Crisis About To Be Reborn In 2020?
We have been focused on the upside price move in Gold and Precious Metals, we’ve been engaged in multiple private conversations with members and friends about the potential for a renewed debt crisis between now and the end of 2020. This research… (Continue to full article)

Gold Summer Doldrums?
Gold’s incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners’ stocks. With traders’ attention diverted to vacations and summer fun, interest in and demand for precious metals normally wane. So this entire sector tends to suffer a seasonal lull, along with the general markets. This June’s bull-market breakout is a momentous ano… (Continue to full article)

Gold Breaks Major Technical Resistance and Could Climb Toward $3,000 by 2021
Gold has dipped back below $1,400 this morning, as investors believe the strong employment report reduces the odds of a rate cut this year. I believe they are weighing the significance of this one highly-manicured preliminary data point too heavil… (Continue to full article)

Gold’s Pullback: Expected, Normal And Healthy
Major fundamental processes and events create the large chart patterns seen on the monthly charts. It’s important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally. The big technical picture for gold. Since 2001, my proprietary weekly chart signals system has only generated five buy signals for gold bullion. Note the similarity of the latest one with the 2009 signal. The current… (Continue to full article)

BIG PHARMA Hikes Drug Price 879% and That’s Just One of 3,400 So Far This Year
Big Pharma continues to jack up the prices on the drugs they peddle. The price of one drug was hiked 879%, and that’ only ONE of the 3,400 price increases that have occurred so far this year.

Pharmaceutical companies raised the prices of more than 3,400 drugs in the first half of 2019, surpassing the number of drug hikes they imposed during the same period last year, according to an analysis first reported by NBC News. While the average price increase per drug was 10.5%, a rate around five times that of inflation, about 40 of the drugs saw triple-digit increases. That includes a generic version of the antidepressant Prozac, which saw a price increase of 879%… (Continue to full article)

Any call at all will do…

The Fed and Wall Street Have their Worry Beads Out Over Deutsche Bank’s “Bad Bank” Idea
According to press reports around the globe, there’s going to be a hot confab this Sunday by the Board of Deutsche Bank that will focus on the potential to create a so-called “bad bank” to hold some of Deutsche’s toxic assets along with discussions of cutting 15,000 to 20,000 employees from the payroll – meaning as many as one out of every five employees could get the axe. A big part of the job losses will hit Manhattan where Deutsche Bank has a heavy presence on Wall Street — which it plans to severely pare back… (Continue to full article)

“Booming” Economy? One-Third Of Americans Have Cut Their Spending In The Past Year
In the past year while we experienced a “booming economy”, one-third of Americans have cut their spending. For a country And for a country indoctrinated by a system that encourages spending and abhors savings, a survey by CNBC has shown that at least some people are willing to buck the propaganda.

The survey polled men and women across the country and looked at changes in people’s money behaviors. Many people are taking a critical look at their spending and preparing for all of life’s “what ifs”, the survey concluded. Personal responsibility might not be as “uncool” as previously assumed… (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
1 – 623 – 327 – 1778

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: July 8, 2019

Congress Passes Wide-Ranging Bill Easing Bank Laws

The following decision was among the things that led to the financial and Bank collapses of 2008. GREED always wins-out with Wall Street and the Banks. ~ Ed.

November 05, 1999 ~ Congress approved landmark legislation today that opens the door for a new era on Wall Street in which commercial banks, securities houses and insurers will find it easier and cheaper to enter one another’s businesses.

The measure, considered by many the most important banking legislation in 66 years, was approved in the Senate by a vote of 90 to 8 and in the House tonight by 362 to 57. The bill will now be sent to the president, who is expected to sign it, aides said. It would become one of the most significant achievements this year by the White House and the Republicans leading the 106th Congress. Continue reading

Posted in Out of the Past, The Mine or the Shaft | Comments Off on Congress Passes Wide-Ranging Bill Easing Bank Laws

Three Steps To Save America From Collapse

Our monetary system is broken. It’s given us low growth, a shrinking job force, inequality beyond what a healthy economy would produce, inefficiency, and the unnatural growth of finance as a portion of the economy. Our aging Federal Reserve System starves both small businesses and Silicon Valley of the capital needed to grow jobs and wages.

Fed policy translates into zero-interest-rate loans for the government and its cronies, and little or nothing for savers or small businesses. And it has transformed Wall Street from an engine of innovation into a servant of government power. Continue reading

Posted in The Mine or the Shaft | Comments Off on Three Steps To Save America From Collapse

Dateline: July 2, 2019

DEheadlines_orig

Precious Metals Breaking Out
Now that we know the bear market is officially over depending on what matrix you want to use, calling the 2016 low the beginning of the new bull market or the completion of the backtest to the top rail of the 2016 bullish falling wedge in May of this year the completion, the bottom line is that it’s time to start thinking in bull market terms leaving the bear market logic behind… (Continue to full article)

Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…
Many silver investors are manic-depressive and fanatical, which is a reality that we can turn to our advantage, for if we can figure when they are just starting to emerge from the depths of despair, it is the time to move into the sector in a big way. They are just starting to emerge form the depths of despair right now as it happens, which graphically is shown by the silver to gold ratio, the basis of which being that when investors in the sector are at their most risk averse, they tend to favor gold over silver, which is hardly surprising as gold conjures up images of solidity and security to a much greater extent than silver, which is also known as “poor man’s gold”… (Continue to full article)

Nike pulls ‘Betsy Ross flag’ sneaker after Colin Kaepernick says it was offensive
Nike Inc. is yanking a U.S.A.-themed sneaker featuring an early American flag after former NFL star-turned-activist Colin Kaepernick told the company it shouldn’t sell a shoe with a symbol that he and others consider offensive, according to people familiar with the matter. After images of the shoe were posted online, Kaepernick, a Nike endorser, reached out to company officials saying that he and others felt the Betsy Ross flag is an offensive symbol because of its connection to an era of slavery,… (Continue to full article)

New Chicago Mayor Wants State Taxpayer Bailout Of Chicago Pension Debts
It didn’t take long for new Chicago Mayor Lori Lightfoot to propose a plan that would wash her hands of Chicago’s pension crisis altogether. According to a recent report in Crain’s, Lightfoot wants the state to take over Chicago’s pension debts and merge them with the other pension plans throughout the state. The move would make all state taxpayers responsible for paying down the city’s debt… (Continue to full article)

America’s Concealed Crisis: Fifty Years Of Economic Decline, 1969 To 2019
What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What if whatever real gains (adjusted for real-world loss of purchasing power) accrued only to the top of the wealth-power pyramid, those closest to financial and political power? What if the U.S. economy and society shifted from “everybody wins” to “winner takes all” or at best, :winner take most”? These are not “what if”, they’re reality… (Continue to full article)

Reimagining the Structure of Wall Street in the National Interest
The current fragmented, opaque, and deeply conflicted structure of the U.S. stock market as well as the structure of the giant Wall Street banks that interact in every imaginable way with capital formation in America, is not in the public interest, the national interest or in the interest of capitalism itself. Let’s start with the structure of the stock market. Those quaint video clips that you see on television of traders mulling about on the floor of the New York Stock Exchange at 11 Wall Street in Manhattan, as executives from some new company that just listed its shares ring the bell to begin stock trading, is meant to lull the public into a sense of confidence that humans are still in charge and looking out for your retirement investments in your 401(k) or public pension plan. But… (Continue to full article)

Live In One Of These 12 States And Your Gasoline Tax Was Just Hiked As Much As $.19/Gallon Today!
Good thing there’s no inflation… Wow!

If you live in Chicago and burn through 20 gallons of gas per week, then your gasoline costs just went up nearly $4 per week! Good thing there is no inflation! Well, except in food or gas.

The Fed & government exclude those things when they tell us with a straight face that inflation is just too dang low. Seriously… (Continue to full article)

It’s just pure Sax-iness…

[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
1 – 623 – 327 – 1778

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on Dateline: July 2, 2019