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04.16.21- Federal Reserve Propaganda Hour Fail
We've covered other softball public relations pieces that 60 Minutes has produced on this SD Bullion channel; you might recall seeing a short video we produced in early 2020 entitled, "JPMorgan Silver Crime Charges to NY Fed REPO Loan Ramp." Read More |
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04.15.21- The Middle Class Has Finally Been Suckered Into The Casino
The decay of America's middle class has been well documented and many commentators have explored the causal factors. The bottom line is that this decay isn't random; the income of the middle class isn't going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. (see chart below) Read More |
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04.14.21- Inflation Is in Sight
Consumer price inflation… it must be out there somewhere. We’ve been headed in that direction for many years. And lately, huge gusts of big spending/big printing… from Donald Trump and Joe Biden… have been driving us forward. Read More |
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04.13.21- Rabo: When It Comes To Inflation,
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04.13.21- Rabo: When It Comes To Inflation,
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04.12.21- Today’s Inflation is
Emma’s Note: As Bill has been outlining this week, the feds are conducting a dangerous monetary experiment. They’re seeing how much fake money they can pump into the system before it blows up. Read More |
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04.10.21- Is a Cultural Revolution Brewing in America?
Though there are many systemic differences between China and the U.S., humans in every nation are all still running Wetware 1.0 and so it is instructive to consider what can be learned from China's Cultural Revolution 1966-1976. Read More |
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04.09.21- “I Don’t Know What the Blank I’m Doing”
Here you have the confession of a stock trader. A stock trader with three days’ experience. “I just know I’m making money,” — perhaps $300 per day, he gloated. Read More |
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04.08.21- And Now, for Something Entirely Different: Who’s to Blame for America’s Decline?
Since then, by almost every measure, it has been slipping and sliding downward. In everything, from life expectancies to income to GDP growth to freedom… to marriage rates and church attendance… America has lost ground. Read More |
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04.07.21- Is the Fed hiding something? Why weekly money supply data just got discontinued |
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04.06.21- Central Banking as an Engine of Corruption
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04.05.21- And Now, for Something Entirely Different: Fox News star reveals “shot caller”
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04.03.21- The Property-Based Social Order Is Being Destroyed by Central Banks
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04.02.21- Say’s law and the destruction of savings
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04.01.21- February Money-Supply Growth Hit Yet Another All-Time High
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03.31.21- And Now, for Something Entirely Different: Bottom Line: Democrats are Afraid of You ![]() I’m having a problem deciding whether the Biden administration is stupid or evil or just flat-out afraid of us Commoners. And then I realized that it’s all three. Here’s why. Our liberal friends never imagined that a Trump could happen. Nothing in their world prepared them for him. So what happens when you are confronted by something completely unexpected? You stop dead in your tracks. Read More |
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03.30.21- Exposed! The Hidden Inflation Eating Your Money ![]() Do you feel like no matter how hard you work, it’s harder and harder to get ahead? There’s a good explanation for that. And it’s maddening. The government intentionally & dramatically underreports the true cost of living, and that fake low number is what most employers use when they set the wages they pay. Read More |
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03.29.21- The Investment Lessons We Forgot
YOUGHAL, IRELAND – There are not many benefits to growing old. We can hardly think of any at all. You can’t play professional basketball. You won’t get the leading man role in community theatre. You have aches and pains everywhere…Read More |
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03.27.21- MMT Has Lit the Fuse on This Inflation Powder Keg
What is MMT? Before we get to that, it helps to know what MMT means. It is a theory that states: Read More |
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03.26.21- Rabo: "Central Banks Are Gonna Need A Bigger Boat"
It seems an appropriate title today given one wonders who said that about the vessel still blocking the Suez Canal: was it trying to do a U-turn? If one ever wanted to imagine what blockading the Suez Canal looked like physically, and what it would deliver to already-strained global supply chains economically, well, enjoy. This obviously risks exacerbating the cost-push inflation pressures we are already seeing in many sectors. Read More |
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03.25.21- An Inflationary Boom Is Coming
Yesterday, colleague Tom Dyson reported seeing a glimpse of it coming:
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03.24.21- The Federal Reserve Is Wasting Tons of Money
YOUGHAL, IRELAND – The bond market is on the move. It packed up in August of last year, which now appears to have marked the top of the bull market in bonds that began 41 years ago. And last week, Treasury yields (which rise and fall inversely with bond prices) topped 1.75% after Federal Reserve chief Jerome Powell let it be known that he was okay with rising inflation threats. Read More |
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03.23.21- Yield Curve Control: Another Recipe For Stagnation
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03.22.21- Fed and Treasury Steer Their Unsinkable Ship toward Iceberg
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03.20.21- Peak in Yields Is Close
The initial response to the announcement was that the Fed was “uber dovish.” Bond yields eased back from their peaks earlier in the day, the dollar dumped, and Gold rose from the 1720s to 1750s. Silver and the miners followed suit. I didn’t buy it, citing 1760-65 in Gold as resistance and this: Read More |
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03.19.21- Spend Baby Spend! Fed Balance Sheet Up $113 Billion In A Single Week, |
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03.18.21- US 10-year Treasury yield tops 1.7% as Fed forecasts reverberate
Inflation expectations push borrowing costs to highest level since January 2020 |
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03.17.21- Inflation Outlook: Likely Worse Than Expected
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03.16.21- Stocks in Bondage but Fed Not Fazed
I’ve been slow in getting things written this month because we moved off our farm, and my wife broke her leg at the same time; so I had her share of the packing, moving and organizing to do on top of my own plus her caregiving and an all-day hospital journey for her surgery, though I got some much-needed help from family members. Read More |
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03.15.21- Fifty Basis Points To Disaster
Extreme credit market intervention by the Federal Reserve is a prerequisite. So, too, is the utter denial of price inflation by the Bureau of Labor Statistics. This week’s consumer price index (CPI) propaganda reported the all items index increased 0.4 percent in February and 1.7 percent over the last 12 months. Read More |
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03.13.21- The Greatest Problem of Investors
Why 20 years?
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03.12.21- So This Is How The U.S. Dollar Dies…
Our leaders are killing the U.S. dollar, and it is being done to thunderous applause. The House and the Senate have now both passed the 1.9 trillion dollar “COVID relief bill”, and it will go to Joe Biden’s desk for his signature. Of course we don’t actually have 1.9 trillion dollars to spend on yet another “COVID relief” package. In fact, we don’t even have one dollar to spend on another “COVID relief” package. Every single dollar that is spent will have to be borrowed, and that will soon push our national debt beyond the 30 trillion dollar mark. Sadly, our politicians seem convinced that giant mountains of dollars can be printed, borrowed and spent indefinitely without any repercussions, and most Americans fully support what they are doing. In fact, one recent poll found that a whopping 78 percent of all Americans support more stimulus checks… Read More |
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03.11.21- The Fedcoin is Coming
Since January 4, the price has dropped about $244. And the price of silver has fallen about $4. Are these buying opportunities? Or the end of the brief gold bull market of 2020 (i.e. Covid)? It helps to return to the idea that gold is the unit of measure of value. Not as a rhetorical device to sell gold, but because it gives a clearer picture. Read More |
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03.10.21- Powell And Yellen – Team Fed
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03.09.21- Approaching Zero Velocity! The Federal Reserve’s Destruction Of The Purchasing Power of the US Dollar
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03.08.21- Money And Statistical Delusions
Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the last two hundred years? This article tests that proposition. Read More |
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03.06.21- "Own Gold" - Dylan Grice Warns "Central Banks Are Going To Overcook The Economy"
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03.05.21- The Pain Is Almost Over
Here are the highlights with my comments below:
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03.04.21- When Does This Travesty Of A Mockery Of A Sham Finally Implode?
How many more times do we have to watch Jay Powell claim his speculative bubble isn't a bubble, and that his massive expansion of billionaires' fortunes will magically create jobs for all those living in the real world he's created of stagnation, depression and inequality?Read More |
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03.03.21- Stagflation Cometh
Chairman Jerome Powell would be happy to hear this story, as the Federal Reserve prints mightily to push the CPI (Consumer Price Index) to 2 percent and beyond. Though perhaps Chairman Powell would prefer my tradesman to pass a full 20 percent price increase to me.Read More |
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03.02.21- Sisyphean Printing Will Kill
Why then will the majority of investors still take the wrong current and lose their ventures? Well because investors feel more comfortable staying with the trend than anticipating change.Read More |
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03.01.21- Despite The Fed, The Bond Market Is Hiking Rates
This past week, rates jumped higher, putting a further pause in the stock rally for now. As we stated over the last few weeks, the upside remains limited with the money-flow sell signal still intact. (The vertical dashed blue line denotes when the signals initially triggered.)Read More |
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02.27.21- 'Brace For Rampant Inflation': Hedge Fund Billionaire Stunned At "Market Craziness", Sees "Trouble Ahead"
Risk did indeed happen fast, numerous times since.Read More |
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02.26.21- Don’t Fight The Fed?
There is an old market rule – don’t fight the Fed. Jay Powell has been crystal clear: rates are staying lower for longer. But the ongoing sell-off in Treasuries, and rising global bond yields, paints an interesting story of a market unconvinced rates can be held down, and therefore the cosy rationale behind the current stock market is over. Unconvinced is not the same as certain.Read More |
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02.13.21- The Foundation for Potential Price Hyperinflation Is Being Laid
A recent example of the Fed’s “inflation blindness” comes from a speech Chairman Jerome Powell gave to the Economic Club of New York. According to a MarketWatch piece that reported on that speech: Read More |
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The cruel sun cooks him. His thirst tortures him. His sufferings are doubled, tripled and quadrupled by this impossible irony: Water, water is everywhere — yet there is scarcely a drop to drink. Salt water in any quantity would murder him. Read More |
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But it’s much different when your retirement savings depends on getting a return on investment (ROI). In that case, near-zero interest rates can put pensions and other retirement accounts in serious jeopardy. Read More |
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Pundits like Jim Rickards said(back in 2016): “The dollar won’t lose its reserve currency status overnight” — and he was right. But a new and disturbing signal could finally be revealing the end game.Read More |
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My recent monetary focus has taken many readers by surprise. After all, we haven’t seen sustained inflation in 40 years. Nothing like a four-decade lull to lure an investor into a false sense of “60/40 retirement portfolio” security! Read More |
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Well, it never happened. Today, in response to the pandemic and the economic lockdowns that followed, the Fed has cranked up the printing press to even higher levels. It’s printed almost as much money in one year as it printed in the several years after the financial crisis. Read More |
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The FOMC released on Wednesday (January 27) its newest statement on monetary policy. Generally speaking, the statement was little changed. The main alteration is that the U.S. central bank has acknowledged that “the pace of the recovery in economic activity and employment has moderated in recent months”. Wow, how did they notice that? They really must hire professionals! All jokes aside, this modification in the FOMC statement is dovish. Read More |
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Psychologists use the term “gaslighting” when a manipulator is trying to get someone else (or a group of people) to question their own reality, memory, or perceptions. Today’s guest editor believes the feds are using this strategy to distract the American public from a massive power grab by the government… And COVID-19 is the Trojan Horse inside which all their monetary and technological fantasies have been smuggled. Read More |
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Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladamir Putin and Elvira Nabiullina, president of Russia’s central bank, had more gold than US dollars stockpiled. Read More |
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What is a Dollar? The value of a dollar is a figment of your imagination. A “greenback” is a worthless piece of paper backed by an intangible promise- the “full faith and credit” of the U.S. government. Its value rests on a necessary belief that one can transact with it today and tomorrow. Therein lies the value of any fiat currency. Read More |
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The signs of inflation building up in the economy are now everywhere. IHS Markit, in its release of the Flash PMI with data from companies in the services and manufacturing sectors, added to that evidence. Read More |
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01.20.21- Will Biden 'Extinguish' The Dollar?
There is only one problem with withdrawing the debased dollars… THERE WOULD BE NO MONEY IN CIRCULATION AT ALL since all dollars are totally debased. Read More |
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01.19.21- Inflation Breeds Even More Inflation
Early in the 20th century, Ludwig von Mises warned against the consequences of granting the government control over the money supply. Such a regime inevitably creates money through bank credit that is not backed by real savings—a type of money that Mises termed “fiduciary media.” Read More |
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01.18.21- "Simply Insane" Central Banks Attack Cryptocurrencies
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01.16.21- And Now, for Something Entirely Different: What to Expect in 2021... Madness, Mayhem, Manipulation and More Tyranny
What should we expect in 2021? Read More |
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01.15.21- "The Fed Is In A Fantastic Position Where The More It Fails, The More It Is Needed"
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01.14.21- US Government Runs Biggest December Deficit in History
The December budget shortfall came in at $143.6 billion. That compares with a $13.3 billion deficit in December 2019, according to the Monthly Treasury Statement. Read More |
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01.13.21- Is Inflation In Your Best Interest,
How long before mobs storm the Mariner Eccles building (Fed headquarters) if Jerome Powell were to make such a statement? Read More |
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01.12.21- Big-Spending Democrats Will Solidify COVID-19-Induced Monetary Policy
WEST RIVER, MARYLAND – Wow… What a week! What a way to begin a new year! Many people were outraged and appalled by last week’s shenanigans in Washington. And this morning, calls for impeachment, destitution, or lynching are still running riot over the internet. Read More |
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01.11.21- The Tyranny Nobody Talks About
There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat. Read More |
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01.09.21- Issues 2021
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01.08.21- And Now, for Something Entirely Different: Did Peaceful Rally End
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01.07.21- The Worse Things Get, The More The Stock Market Likes It
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01.06.21- Will the Fed Support Gold Prices in 2021?
Welcome to 2021! I hope that it will be a wonderful year for all of you; a much healthier, calmer and normal year than 2020 was. And even more profitable of course! Indeed, at least gold bulls could be satisfied with the last year, in which the price of gold jumped from $1,523 to $1,891 (London A.M. Fix)! It means that the yellow metal gained more than 24 percent, as the chart below shows. Read More |
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01.05.21- And Now, for Something Entirely Different: Giving Up the Ghost
Whatever occurs in this strange week of confrontation, Joe Biden will not be leading any part of it. Where has he been since Christmas? Back to hiding in the basement? Did the American people elect a ghost? Even if this storm blows over, could Joe Biden possibly claim any legitimacy in the Oval Office? And then what happens with the rest of the story — which is an epic economic convulsion sharper than the Great Depression — as time is unsuspended and the year 2021 actually unspools? Read More |
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01.04.21- Will The Fed Destroy The Dollar?
The Federal Reserve’s official target rate of inflation is 2% per year. Put another way, that means that if the Fed hits its target, the value of today’s dollar will only be worth around a third of its current value in 50 years. Think that can’t happen? It already has. Read More |
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01.02.20- Is 2021 the Death of Fiat Currency?
If you didn’t put your cash to work in 2020, then you’re fighting the tide ignited by the Fed. Never in the history of the world has so much money been printed. Plus, if you’re an accountant and love seeing balanced books, you’ve likely never had your eyelids twitch more than this year. Read More |
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01.01.21- Will The Fed Lose Control In 2021?
Events in 2021 will be the consequence of a developing hyperinflation of the dollar. Foreign holders of dollars and dollar assets - currently totalling $27.7 trillion - are sure to increase the pace of reducing their exposure. This is a primal threat to the Fed’s policy of using QE to continually inflate assets in the name of promoting a wealth effect and continuing to finance a rapidly increasing federal government deficit by suppressing interest rates. Read More |
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