Dateline: July 16, 2019

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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)

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