[Most Recent Quotes from www.kitco.com]

The Beatings Must Continue

Everything great in the world is done by neurotics; they alone founded our religions and created our masterpieces. ~ Marcel Proust

I had a professor in college who always said, “It’s going to get a lot worse before it gets better.

My father died thinking that the worst thing in the world were socialist democrats like FDR and Obama.

He was distracted into thinking that way, much the same way that our nation was led to believe Oswald killed Kennedy. That way you see, whether it’s socialist democrats or crazed gunman, we all have a villain. Someone to pin all of our troubles on. In the meantime, the real bad guys escape responsibility and thus the plan works. Continue reading

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The Federal Reserve: An Astounding Exposure, 1934

“You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out.” ~ President Andrew Jackson

Congressman, Louis T. McFadden

~ Prologue ~
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.

Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than ten years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry.

The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and to this day – has YET TO BE ACTED ON.  (Continue…)

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The Fed Protects Gamblers at the Expense of the Economy

“It’s Madness… MADNESS!”

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now pouring billions of dollars into the repo (repurchase agreements) market, in effect making risk-free loans to speculators at less than 2%.

This does not serve the real economy, in which products, services and jobs are created. However, the Fed is trapped into this speculative monetary expansion to avoid a cascade of defaults of the sort it was facing with the long-term capital management crisis in 1998 and the Lehman crisis in 2008. The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures. Continue reading

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Everything You Wanted To Know About Gold But Were Afraid To Ask

I remember where I was the first time I heard about gold. I was in my 1995 Toyota Tercel in downtown San Francisco, listening to the radio. Usually I listened to the Razor and Mr. T on KNBR 680, but for some reason I had the news on. The announcer mentioned that gold was up that day, to $265 an ounce… Continue reading

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Advisors Still Can’t – and Won’t – Recommend Gold and Silver

NOTE: Recently we published a column which lay out the historical reality of own precious metals – chiefly gold and silver. Said column stated quite pointedly that, “The dollar has lost 98.2% of its purchasing power since 1900, while gold has become almost 54 times more valuable.” …and yet – the brokerage house STILL (eight years since the publication of the following) avoid YOUR safety and welfare like the plague. I guess that there is not enough commission it it for their benefit. ~ Ed.

Clients want alternatives in their IRAs — but advisers’ hands are tied … The firm polled 1,000 people nationwide, along with 365 financial advisers with at least $10 million in assets under management. Two out of three advisers polled said that investing in alternative assets can help build wealth for investors, and 80% them said that their clients have expressed interest in using alternative assets. Meanwhile, about three out of four Americans familiar with retirement accounts are interested in adding these investments to their individual retirement accounts. Continue reading

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Here’s how much it may cost to retire in each state in America

…and most of us don’t even have close to enough money saved

We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Continue reading

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I sure am glad that I own gold…

The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter.

This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other factors driving the price higher before the Middle East started flaring up again.

And there will be plenty more after these tensions cool down. Continue reading

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The Roaring 20’s: January 7, 2020

DEheadlines_orig

Jim Cramer: ‘Endless buying of gold’ suggests fear in the markets
The investment community seems to be underestimating the potential fallout from rising tensions between the United States and Iran, CNBC’s Jim Cramer warns.

Almost $300 Million Stolen From Crypto-Exchanges In 2019
…cryptocurrency exchanges have to do better in terms of industry standards and security practices.

Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and 510,000 user logins were stolen from crypto exchanges in 2019. Cryptocurrency exchanges experienced more hacks last year than in 2018, when only nine cryptocurrency exchanges fell victim to security breaches… (Continue to full article)

Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period
If the Federal Reserve was looking for a media lockdown on news about the trillions of dollars in cumulative repo loans it has funneled quietly to Wall Street’s trading houses since September 17 of last year, it could not have found a better cloud cover than Donald Trump. First the impeachment proceedings bumped the Fed’s money spigot from newspaper headlines.

Then, this past Friday, as the Fed released its December meeting minutes at 2:00 p.m., with its highly anticipated plans to be announced for the future of this vast money giveaway to Wall Street, that news was ignored as the media scrambled to cover Trump’s “termination” of General Qasem Soleimani, the head of Iran’s Quds Force, which raised the immediate specter of a retaliatory strike against the U.S. by Iran. The Fed’s minutes revealed that after multiple expansions of this …… (Continue to full article)

Why Is Wall Street the Only Industry in America With Access to the Fed’s Endless Money Machine?
Consumers represent two-thirds of GDP in the United States. And yet, when consumers run into trouble, they don’t get a handout from the Federal Reserve – they are forced to file bankruptcy. There are no Fed handouts to small business owners, farmers, or main street merchants either. So why is it exactly that the trading houses on Wall Street, with a serial history of crimes and with the most overpaid and under-punished executives on the planet, are able to perpetually have secret communications with the New York Fed and magically turn on the flow of trillions of dollars of ridiculously cheap loans to bail out their hubris and corruption… (Continue to full article)

Copper Is Positioned for a Stellar Performance in 2020’s
As we (enter the new year), and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.

There are a number of compelling reasons to expect a major bullmarket in copper. For a start we have seen continuing robust consumption from China while mine supply has stagnated. Secondly, demand for copper for use in Solar and Wind alternative electricity generation is expected to grow steadily in coming years, especially Solar, and these technologies require the use of a lot of copper. Thirdly, due to onerous new legislation… (Continue to full article)

Santa Claus rally in gold and silver crowns a very good year
“It’s a new year and decade and gold is poised to follow the dollar and equities to new highs, in our view. When, should be the primary question, particularly when the stock market and greenback succumb to some normal mean reversion. Absent a new higher dollar and stock-price plateau, gold is set to join the all-time-highs club. Gold prices are on a sound footing for further advancement in the coming year and decade, in our view. Gold prices are on a sound footing for further advancement in the coming year and decade, in our view.”… (Continue to full article)

Favorable Conditions Are Likely To Propel Silver Much Higher
With the significant decline in the US Monetary Base since 2016 (see here), there are some serious threats facing the monetary system.

These are setting up really favourable conditions for Silver prices and the position it has in the international monetary system. The expectation for much higher Silver prices are certainly reflected in the charts… (Continue to full article)

One Way to Confiscate Gold / Silver – Declare It “Treasure”
What would you do if you were out with your metal detector and found some jewelry, a handful of gold and silver coins and maybe some broken pieces of gold jewelry? Would you run home, call the local authorities and ask them for guidance? Would you contact some government official to seek guidance? If you did you should expect what these people received – having their gold and silver stolen.

For me, one of the greatest attributes of physical gold and silver is anonymity. If you acquire precious metals through a local coin dealer it would be a transaction that is between the two people involved and no one else. If I were to find some random gold and/or silver coins, bars, jewelry out in field, at the beach or elsewhere – no one would know about the find. I like this idea and the government hates it. Who should be involved in my personal business aside from wife / spouse? No one!!! (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

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