Keyword: goldbugs
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@PeterSchiff Gold is not just any commodity, it's money. Under normal circumstances gold does not move the way it is now. It's already up another $58 tonight, trading above $3,483. This is the end of the U.S. dollar's dominance. Life in America is about to change in ways few can imagine.
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In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system. We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful? Could gold-backed 50-year bonds anchor the dollar? And is the U.S. actually “cheating” in global markets? The Fed Is Too Powerful 00:43 - Meet Judy Shelton: Credentials &...
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QUESTION: Regarding CBDC, will they convert all the savings/cash in your bank account, will they convert everything in your brokerage accounts (all stocks etc.) will they go after gold and silver you have in storage (Brinks, for example)? KS ANSWER: Everything will be converted to the new CBDC. The money in your bank account is already just an electronic book entry. This is why banks are closing branches everywhere in the USA as well as Europe. They are preparing for CBDCs, which means without physical paper money, bank branches are no longer needed. You can deposit a check on your...
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Inflation is pernicious and widespread – silently siphoning the purchasing power of the U.S. Federal Reserve note “dollar” from the savings of the American people year after year. Meanwhile, central banks all over the globe – from Saudi Arabia to China to Egypt and beyond – are buying gold at breakneck pace. Some global banks, including the BRICS nations (Brazil, Russia, India, China, South Africa), are even considering a non-dollar alternative to the Federal Reserve note for global trade settlement. As geopolitical uncertainty increases, precious metals have gained renewed attention; savers, savvy investors, businesses, and even state treasurers are taking...
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The Saudis have joined other Asian countries in ditching their long-term sensitivity to the gold price. Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market. Although the Saudis played a key role in the birth of the global dollar standard in the early 1970s, this time around they might even become a lynchpin for its dissolution. Introduction Until recently, Saudi Arabia’s gold demand would decline when the gold price went up and strengthen when the price went south. This dampened volatility in the...
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One unshakable law of economics is this: What you reward, you get more of, and what you tax, you get less of. The government of the formerly Great Britain doesn't seem to understand this fundamental law. They are proposing to hike taxes and fees, and high-income and wealthy (which are not always the same thing) Brits are looking to the exits. We can hardly blame them.An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT).It...
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On August 17, 1842, protesters burn an effigy of President John Tyler a short distance from the White House. Their actions came in response to Tyler's veto of a second attempt by Congress to re-establish the Bank of the United States. The protestors were composed primarily of members of Tyler’s own political party, the Whigs, who dominated Congress at the time. The first federal U.S. Bank, created by Alexander Hamilton and set into place by George Washington in 1791, provided a repository for federal funds and issued currency. However, beginning with President Thomas Jefferson, who opposed the idea of a...
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– Contents of this video -------------------------------- 00:00 - The Broken Economy 03:12 - Company Property 06:40 - Rich but Not For All 09:25 - The Breadbasket of Africa 11:25 - Gukurahundi 13:26 - Buying Support 17:21 - How to Destroy an Economy 22:13 - Hyperinflation 25:50 - The Perpetual Crisis
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Martin ArmstrongNOTE: HERE is a website dedicated to exposing Mr. ArmstrongMartin Armstrong, while not limited as a Precious Metals analyst, probably has one of the most colorful history's of anyone we have researched. He runs Armstrong Economics and became a millionaire at 15 by collecting coins. Mr. Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned...
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Lets answer the old question many numismatists make: "For how long did ancient coins circulate?" Lets take a look at some examples of Roman coins and hoards and try to come up with an answer.How long Did Roman Coins Stay in Circulation? | 18:38Classical Numismatics | 17.2K subscribers | 51,039 views | September 9, 2023
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The stock market is overvalued, and it's not just the tech sector that appears stretched, according to JPMorgan's chief global market strategist Marko Kolanovic.The S&P 500's forward price-to-earnings ratio is currently 19.4x, and when you back out tech and AI stocks, the remaining 65% of the index trades at 17.4x, according to Kolanovic. That's not cheap, as the historical forward P/E of the index is 15.3x, meaning that current valuations represent a 10% premium. "FOMO is in full swing, there is complacency being built into stocks with VIX at the lows of its range," Kolanovic said in a Monday note....
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There is a lot going on in the US housing market. Excessive monetary stimulus keeping mortgage rates low, historically low inventory available for sale, and FOMO (fear of missing out … on rapidly rising home prices). The Case-Shiller repeat sales index for October is out … and the national home price index “slowed” to 19.08% YoY as mortgage rates rose. Note that available inventory of homes for sales remains very low. By metro area, Phoenix AZ once again leads with 32.3% YoY. Minneapolis MN is the slowest growing metro area in terms of home prices at 11.5% (tied with Chicago,...
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Lucky for you, these gold rush hot spots have not yet run their mining courseMillions of Americans have tried their luck at gold panning. In 1852, the peak production year of the Gold Rush, $81 million worth of gold was discovered in California alone, coming to about $3.2 billion in today’s dollars. And still, two centuries later, prospectors search for gold in public areas across the American West. “Once you see your first flake of gold pop out of the pan, it hooks you,” says Andy Brooks, president of the Central Valley Prospectors gold panning club based in Fresno, California....
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December30, 2014 John_Rubino Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 376% of GDP, by far the highest level on record and clearly unsustainable. Long-term US Treasury rates had been falling for literally three decades and despite a recent uptick were so low that the only way forward seemed to be up. Europe and Japan were drifting into recessions that could...
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China in July purchased 80.1 tons of gold valued at $4.6 billion China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve currency of the world, but any such currency would unlikely achieve that goal. "The USD remains the safest, most convenient and most widely used currency in Asia and in the world today," Min-Hua Chiang, a research fellow and economist at the Heritage Foundation’s Asian Studies Center, told FOX Business. "No other currency (backed by gold or otherwise) is comparable, and that is unlikely...
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The Japanese yen is at its weakest point in two decades. A year ago, the dollar was worth 110 yen. Now it is worth 135. Japan’s central bank is increasingly hearing calls to hike up interest rates à la the Federal Reserve, despite its historically accommodative monetary stance. To help explain the backstory, here is an excerpt from the Finance section of The End of the World is Just the Beginning: Long before the world wars, even long before America’s Admiral Perry forced Japan open to the world, the Japanese had a unique view of debt. In Japan capital exists...
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As we are painfully aware, The Fed’s exaggerated monetary flood combined with Federal stimulus spending has led to horrible inflation. Yes, despite what government talking heads say, Federal stimulus increases demand for goods, the supply is generally slow to respond resulting in rising prices. Then government policies driving up energy prices also leads to highers prices. Throw in Federal Reserve monetary stimulypto and we have this chart from hell from Penn-Wharton. The chart shows that households earning less that $60,000 experience higher expenses due to rising prices than their gain in earnings. Another chart from hell is the Russian USD...
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New scientific analysis of the composition of Roman denarii has brought fresh understanding to a financial crisis briefly mentioned by the Roman statesman and writer Marcus Tullius Cicero in his essay on moral leadership, De Officiis, and solved a longstanding historical debate.Researchers at the University of Warwick and the University of Liverpool have analyzed coins of the period and revealed a debasement [sic] of the currency far greater than historians had thought, with coins that had been pure silver before 90BC cut with up to 10 percent copper five years later...The reference is part of an anecdote describing self-serving behavior...
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“There is gonna be a new world order out there and we’ve gotta lead it! And we gotta unite the rest of the world in doing it!” That is what Biden proclaimed in a recent speech. But since Biden has a tendency to get his speeches wrong, what he meant to say was: “There is gonna be a new world DIS-order out there and we’ve gotta lead it! Sadly, as the world has heard in many speeches by the US president, he hasn’t got a clue that his “empire” is collapsing around him. But regrettably for Biden, the US isn’t...
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Tonight, the Fed is still partying with your currency like this is the richest country in the worldThere's probably no institution in American life that has more effect on how you live, but that we talk about less than the Federal Reserve. People don't care to talk about the Federal Reserve because it seems very complex and a lot of what it does is in fact complex. Unless you have a grounding in monetary policy, it's hard to know exactly what's going on. But the basics aren't that complicated, actually, and here are a few of them. The Federal Reserve...
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