[Most Recent Quotes from www.kitco.com]

The Final Chapter

All things, both good and evil, come to an end. So it will be with the great silver price manipulation…

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same. Continue reading

Posted in Let's Get Physical, The Mine or the Shaft | Comments Off on The Final Chapter

History Tells Us to Own Gold When Central Banks Run Out of Control

“It’s Madness… MADNESS!”

Always and again the magic of money presents us with problems. These problems change constantly. Time after tiine experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands new deliberations, new measures, new insights, new ideas. Each of these ideas must be informed by and subservient to the sole and single purpose of maintaining the soundness of the currency. ~ Hjalmar Schacht

“Extraordinary Popular Delusions and the Madness of Crowds” happen with regular intervals as Charles Mackay wrote about. It seems that the world experiences more delusions and madness than truth and sanity.

The pattern is always the same. The economy is never in equilibrium but moves in cycles of boom and bust. If these cycles were allowed to take their natural course, they would move up and down in a steady rhythm without reaching extremes at the top or bottom. Continue reading

Posted in The Mine or the Shaft | Comments Off on History Tells Us to Own Gold When Central Banks Run Out of Control

The Federal Reserve is Getting Desperate

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds. Continue reading

Posted in The Mine or the Shaft | Comments Off on The Federal Reserve is Getting Desperate

Mortgage Delinquencies Surge To Nine-Year High

The worst has yet to come for the real estate market as home-mortgage delinquencies surged to their highest level in nine years as the virus-induced economic downturn continues to crush household finances.

Property research firm Black Knight Inc. reports total borrowers more than 30 days late surged to 4.3 million in May, up 723,000 from the previous month. This means at least 8% of all US mortgages were either past due or in foreclosure. Continue reading

Posted in The Mine or the Shaft | Comments Off on Mortgage Delinquencies Surge To Nine-Year High

There was a time…

…yet some are still at it!

Posted in Viewpoint | Comments Off on There was a time…

It All Comes Back to the Federal Reserve: The NWO Is Being Shoved Down Our Throats

The coronavirus was a heck of a cover for the Federal Reserve’s failings, and the riots are laying even more cover for what’s to come. While the masses focus on what’s happening on the surface, the real criminals laugh at our ignorance from their metaphorical ivory towers. Continue reading

Posted in The Mine or the Shaft | Comments Off on It All Comes Back to the Federal Reserve: The NWO Is Being Shoved Down Our Throats

Hair of the Dog ~ Belly Up to the Bar

“If getting drunk was how people forgot they were mortal, then hangovers were how they remembered.” ~ Matt Haig, The Humans

“In the field of monetary and credit policy, precautionary action to prevent inflationary excesses is bound to have some onerous effects— if it did not, it would be ineffective and futile. Those who have the task of making such policy don’t expect you to applaud. The Federal Reserve, as one writer put it after the recent increase in the discount rate, is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.” ~ William McChesney Martin, Speech to Investment Bankers Association of New York, October 1955

“Nothing spells trouble like two drunk cowboys with a rocket launcher.” ~ C.J. Box

“We’re not even thinking about thinking about the consequences of our actions.” ~ Jerome Powell, Chairman, Federal Reserve

Stocks attempted to rally again today, cheered on by the financial TV muppets and spokesmodels, riding the buzz from yesterday’s retail sales numbers, and various fantasies about a cure for the coronavirus.

But alas, and again, stocks had their early rise, but then fell back into the close to finish lower or unchanged.

Gold and silver were under pressure most of the day, but managed to eke out a small gain into the close.

The Dollar gained a very small bit as well.

I cannot stress enough how volatile the situation is beneath the surface.

Madness.

Written by Jesse for Jesse’s Cafe Americain ~ June 18, 2020

Posted in The Mine or the Shaft | Comments Off on Hair of the Dog ~ Belly Up to the Bar

The Digital Currency Revolution Is Here

Editor’s NOTE: Readers – I know that in time it will be here – not more printing or minting of US “money.” THIS is how THEY are going to control us. I have been warning our readers and listeners of this for a quarter of a century, but then… Who the hell am I? BUT I will fight this until the end. I am not in favor of ANY of it! ~ JB

Thanks to COVID-19, many of us have been working remotely, wearing masks when we go out, and paying for grocery delivery services. And we’ve been staying connected with loved ones using videoconferencing programs like Zoom…

And while I think the virus itself will be in the rearview mirror by this time next year, COVID-19 will continue to have an impact on the way we live. Continue reading

Posted in The Mine or the Shaft | Comments Off on The Digital Currency Revolution Is Here