Dateline: May 23, 2019

DEheadlines_orig

Bank Admits Fiat Currencies Are Failing and Cryptocurrencies May Replace Them
As the transition towards a blockchain based economy continues, the established financial powers are desperately trying to stay relevant. In an attempt to boost their credibility, analysts at Deutsche Bank are finally admitting that state-run fiat currencies are becoming obsolete… (Continue to full article)

Bitcoin and Blockchain Could Save the World From the Failing Financial System
Investors in both traditional assets and cryptocurrencies have been rocked by huge amounts of volatility so far in 2018. The stock market experienced the largest single-day point drop in history, and bonds have been under pressure as concerns grow about rising interest rates. The most notable price action, however, occurred in the crypto markets as an unprecedented wave of interest overwhelmed this unregulated industry… (Continue to full article)

Banks Are Scheming to Dominate a Future Cashless Society
Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate… (Continue to full article)

Stocks and Precious Metals – Madness
Everything was not fine that spring with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer…

It was this nature of mass illusion. Prices were going up, people bought. That forced prices up further, that brought in more people. And eventually, the process becomes self-perpetuating. Every increase brings in more people convinced of their God-given right to get rich.

At the end of 1929, as they celebrated New Year’s Eve, all that lay in the future. Nobody knew that the Great Depression was coming — unemployment, bread lines, bank failures — this was unimaginable. But the bubble had burst. Gone was that innocent optimism, the confidence, the illusion of wealth without work. One era had ended. They toasted the coming of the 30s, but somewhere, deep down, they knew the party was over.” ~ PBS American Experience, The Great Crash of 1929… (Continue to full article)

The Fed of St Louis Opposes The Gold Standard …
For Environmental Reasons (Among Others, But Does Not Consider FIAT Currency A Problem). The U.S. mines a lot of gold, but we’re not the biggest producer,” Wheelock said. “The bigger suppliers of gold would have more control over our monetary policy, and there’s no reason to have it because we can get the advantages of the gold standard and avoid the disadvantages without being on a gold standard.”

Yes, but FIAT currency like the US dollar allows uncontrolled spending by the Federal government and endless devaluation of US consumer purchasing power. Why is that NOT a problem?… (Continue to full article)

My morning cup o’ coffee ~ because it solves my Java Jive!

DEBT SLAVERY: US Household Debt Reaches All Time High of $13.6 TRILLION
As the economy frays, companies close retail stores, and other layoff workers, Americans are going further into debt. In fact, the United States household debt has now reached all-time record highs… (Continue to full article)

Dressbarn To Layoff 6800 Workers In 650 Store Closures
Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, will be laying off 6800 by closing 650 of its stores. The unprofitable business had lost “customers, sales… (Continue to full article)

Plans For Harriet Tubman On The $20 Have Been “Delayed” To 2028
“The primary reason we have looked at redesigning the currency is for counterfeiting issues. Based upon this, the $20 bill will now not come out until 2028…” Naturally, this set the left into a frenzy…… (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: May 23, 2019

Central Bankers Have All The Power: If They Stop Printing Money, Stocks Will Crash

If the United States’ central bank, the Federal Reserve, stops printing money, the stock market will crash. However, the continual printing of money could cause a crash of its own. Either way, we are in a lose-lose situation when it comes to the decisions made by central bankers.

Will the stocks crash in 2019? Or 2020? Perhaps, and there’s an easy way to tell. “If the Fed stops printing money, stocks will crash. If central banks print money and the global monetary supply increases, we could see stocks rising. If central banks decide to print less money or even contract the money supply, stocks will fall. End of story,” said David Quintieri of The Money GPS. Continue reading

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Some of the rarest US coins ever found are hitting the market, thanks to NC shipwreck

A stash of gold coins found is being called the latest bit of proof that a shipwreck 40-plus miles off the North Carolina coast is that of the steamship Pulaski, which took half its wealthy passengers to the bottom of the Atlantic in 1838

The first 502 gold and silver coins plucked from a shipwreck off North Carolina have been sold to a global coin dealer at a price that “wildly exceeded” the recovery project’s expectations.

No one involved in the deal is saying what the coins fetched, but market values suggest it was easily in the hundreds of thousands of dollars. U.S. coins from the first decade of the 1800’s sell for between $40,000 and $150,000 each, in part because it’s a time when the nation was just starting to produce coinage, experts say. Continue reading

Posted in Let's Get Physical | Comments Off on Some of the rarest US coins ever found are hitting the market, thanks to NC shipwreck

Price: The spectres of Bretton Woods

December 23, 1997 ~ The fascinating articles which have appeared in the last few months in the financial newspapers, dealing with the crises in Southeast Asia, Korea and Japan, provoke a suspicion that the debacle we are witnessing is nothing less than a long-run consequence of the Bretton Woods agreements of 1944, which were drawn up, essentially, by two men: John Maynard Keynes and Harry Dexter White. Out of their two minds was hatched our present world, in which the U.S. Dollar is the primary reserve currency for all Central Banks.

Consider the following line of reasoning… Continue reading

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Dateline: May 20, 2019

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Millions of Americans are just one paycheck away from ‘financial disaster’
Many consumers would turn to dangerous fallback options in order to make ends meet. After missing a paycheck, something as simple as grocery shopping can look bleak for many Americans. Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country’s workforce.

A new study from NORC at the University of Chicago, an independent social research institution, found that 51% of working adults in the United States would need to access savings to cover necessities if they missed more than one paycheck… (Continue to full article)

Millions of senior citizens can’t afford food — and they’re not all living in poverty
1 in 12 seniors aged 60 and older didn’t have enough food in 2017, the latest year for which data was available, according to a new study by Feeding America. (Photo by Michele K. Short/Millennium Entertainment/Courtesy of Everett Collection). Senior citizens are struggling to afford enough food in the U.S. and the problem appears to be getting worse.

An alarming 1 in 12 seniors aged 60 and older — 5.5 million or 7.7% of the senior population — didn’t have enough food in 2017, the latest year for which data was available, according to a new study by Feeding America, a nonprofit organization that operates more than 200 food banks… (Continue to full article)

Nearly half of women who have abortions live below the federal poverty level
Researchers also know that 75% of women who obtain abortions are low-income, with nearly half living below the federal poverty level. “It’s likely a substantial expense for a lot of people — and probably enough of an expense that it prevents some women from getting abortions”… (Continue to full article)

Auto-Loan Delinquencies Spike To Q3 2009 Level, Despite Strongest Labor Market In Years
But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leases in the first quarter of 2019, according to New York Fed data. This put the auto-loan delinquency rate at the highest level since Q4 2010 and merely 58 basis points below the peak during the Great Recession in Q4 2010 (5.27%)… (Continue to full article)

Three safe-haven reasons to own gold
What do scared citizens do when they fear an economic or political crisis initiated by a renegade foreign leader like Trump? They turn to hard assets like gold. Indeed, gold’s status as store of value, as money, the only currency available when yours is worthless, has come into play with respect to the drama that has been unfolding in the Persian Gulf.

Gold gives all of us something that fiat currencies (paper money), or any other financial innovation, cannot deliver. Gold is insurance, irreplaceable in its functions… (Continue to full article)

My morning cup o’ coffee ~ with you – everyday!

Morgan the Pirate, Jamie Dimon

As Regulators Squirm in their Seats at Hearing, JPMorgan and Citigroup Get Slapped with More Rigging Charges by EU
House Financial Services Committee hearing yesterday, Republicans attempted to marshal arguments for why U.S. banks needed more relief from regulatory oversight. Those arguments weren’t helped by the news of the day. As the hearing got underway, headlines were being promulgated around the globe that JPMorgan Chase, Citigroup and three foreign banks had been fined $1.2 billion by the European Commission for rigging foreign exchange markets… (Continue to full article)

Down de Shittah

Here Are 15 Numbers That Show How The Global Economy Is Performing, And All Of Them Are Bad
Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning.

Global exports are absolutely plummeting, auto sales are way down all over the globe, debt delinquencies are way up, and retailers are closing stores at a record pace. Even if the U.S. and China were getting along, things would be rough for the global economy in the months ahead, but a full-blown trade war between the two largest economies on the entire planet has the potential to be absolutely disastrous… (Continue to full article)

Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66%
2019 is turning out to be a nightmare that never ends for the agriculture industry. Thanks to endless rain and unprecedented flooding, fields all over the middle part of the country are absolutely soaked right now, and this has prevented many farmers from getting their crops in the ground. I knew that this was a problem, but when I heard that only 30 percent of U.S. corn fields had been planted as of Sunday, I had a really hard time believing it… (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: May 20, 2019

Glass-Steagall Essential Banking Regulation

The central struggle since the inception of the Republic has been about the control of money. Since the U.S. Constitution clearly defines coinage, the objective of the mercantile elite was to circumvent the law and establish a National Bank. Woe to any defender of President Andrew Jackson for abolishing the Second Bank of the United States and rendering the Bankster Nicholas Biddle to his ignominious place in hell. This victory for the common man was ultimately betrayed when the Federal Reserve Central Bank was instituted with all the ills of fractional reserve banking. Continue reading

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Subprime Loans Are Back, Proving We Have Learned Nothing from 2008

Many are claiming that this time will be different than the last. This should concern just about everyone

For as often as the phrase “history repeats itself” is used, it’s shocking how rare it is for mankind to actually learn from its mistakes. This year marks a decade since the housing crisis rocked the American economy to its core. Its implications were so far-reaching, many are still recovering from the devastation today, making it all the more frustrating that few seem to have learned any sort of lesson from the not-so-distant collapse. Continue reading

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Dateline: May 16, 2019

Join me for a cup of mornin’ Joe!

DEheadlines_orig

Chink in the Armor

Investors May Be Laughing At China’s “People’s War” Now, But Here Is Why They Won’t Be Laughing For Long…
Wall Street is still treating this crisis as a temporary trade dispute, but the Chinese see things completely differently. At this point, the narrative in China is that the U.S. has deeply insulted their national honor, and every angry statement from U.S. officials is just digging the knife in a little bit deeper. The Chinese began their retaliation to Trump’s new tariffs with some new tariffs of their own, but they won’t be stopping there… (Continue to full article)

Central Banks’ Crusade Against Risk
Since the latest the crisis in 2008/2009, central banks around the world have been doing their best to expel risks from financial markets. By lowering interest rates, fixing them at extremely low levels, or issuing more credit and money, monetary policymakers make sure that ailing borrowers are kept afloat. In fact, central banks have put a “safety net” under the economies and the financial markets in particular. As it seems, this measure has… (Continue to full article)

Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market
(Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other… (Continue to full article)

The only gold the US shows – A working vault at West Point
Every so often, US media coverage provides glimpses into the US Treasury’s gold reserves stored with the US Mint. While this coverage never documents any of the claimed “deep storage” gold of the US Treasury, it contains just enough suggestion for the populace to connect the words ‘gold storage’ and ‘US Government’, and then return to their daily routines, assuming that the US has the largest strategic gold reserves in the world. Notably, these… (Continue to full article)

Moves in Gold & Silver Will be 1970’s on STILTS
My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won’t be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 – a 24x explosion in very different conditions. In the 1970s we had high inflation, weakening currencies and recessions… (Continue to full article)

My morning cup o’ coffee… and I always dreamed of having one with her… Que Sera, Sera!

The Darkness Rising
The retail sales number came in rather badly this morning. There is no real recovery. Just a papering over of the rot endemic to oligarchy. Gold and silver are struggling at overhead resistance. Gold is much more interesting to watch here because of its nature as a safe haven. And of course its central role in the changes in the monetary regime which have been called currency wars. Stocks have reached the 38.2% fibonacci retracement level. They may keep on reaching for 50%.

It is reported that JP Morgan is holding #2.3 trillion in stock derivatives, or roughly 2/3rds of the entire market.

Let’s see how this charade plays out… (Continue to full article)

JPMorgan’s Monster 66% Position In Stock Derivatives
Not only is JPMorgan Chase Bank NA engaging in risky stock derivative trades, but according to the OCC just 31 percent of these trades are centrally cleared. The other 69 percent are what are called over-the-counter or OTC derivative trades, meaning they are “bilateral,” or secret contracts between JPMorgan Chase and a counterparty with little daylight available to Federal regulators. That also would suggest that they are highly illiquid… so – here we go again! (Continue to full article)

Retail Sales and Industrial Production Slump in April
The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important segments of the U.S. economy… (Continue to full article)

“Gold, Mr. Bond.”

The World’s Central Banks are Buying Gold at the Fastest Pace In 6 Years!
This is flashing warning signs for the future of the United States dollar.

Central banks (the Federal Reserve) and foreign governments hold literally trillions of dollars of reserves which they traditionally they acquire by buying U.S. government debt. To big institutions and banks, U.S. government debt is considered as an equivalent to cash and they use it as a form of money. U.S. debt is, therefore, extremely liquid. In fact, the $22 trillion US debt market is the biggest and most liquid market in the world… (Continue to full article)

Trump Just Called For Hyperinflation Of The Dollar, Yet He’ll Name A Gold Standard Gal For The Fed?
WTF? Hyperinflation of the dollar? Pumping Money? Rumors abound he’ll nominate a sound money advocate for the Fed. Are we phuocked yet? Let’s sort this all out… (Continue to full article)

Social Security will cross another dangerous milestone next year
It’s still the fundamental premise behind many retirement plans, including Social Security in the Land of the Free. It’s still the younger generations taking care of the older generations. That’s the way the system functions: younger people pay taxes to fund benefits for older people who have retired…. (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: May 16, 2019