GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, February 13, 2018

John Williams – US Deficit Is Beyond Control

Are the Trump tax cuts going to help the economy or hurt it? The answer is both. Economist John Williams explains, “The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the economy. The problem is the average guy is still not making ends meet. Anything that increases disposable income is a plus. This does not necessarily go to the guys at the lower end of the income scale, but generally there should be a little economic pick up here from it. The problem is what happens to the budget deficit. We just went through the government shutdown and a package that lays things out for the next two years, but it widens the deficit. The deficit is beyond control. We have $100 trillion in unfunded liabilities. That means you need $100 trillion in hand right now to cover the federal obligations going forward. . . . Printing money to meet obligations is what happened in the Weimar Republic in Germany. This happened in Zimbabwe. This kind of thing eventually gives you a hyperinflation. . . . Ongoing budget deficit and debasing of the dollar will give you global selling pressures in the currency markets. . . . We haven’t seen much selling in the dollar, but that is going to change. You are going to see flight from the dollar and flight from the markets as well.”

Sunday, February 11, 2018

Charles Nenner – Buy Gold Market Crash Coming

What does renowned financial cycle expert Charles Nenner think you should buy for protection? Nenner says, “You buy gold because nothing else is going to keep its value. Gold is going, as I have said for a long time, to $2,500 (per ounce) at least. Again, you buy gold because nothing else will keep its value. Stocks can go down, you can get stuck with some losses in the bond market, the housing market will go down based on homebuilder stocks and the financial system can scare you. So, what is left? Buy gold.”

Wednesday, February 7, 2018

Ignore The Noise, Gold Is In A Bull Run - Bill Baruch

Gold was off to a good start this year but has not rallied in the face of recent volatility in equity markets. Bill Baruch, president of Blue Line Futures, said that a lot of gold’s rally in the new year was due to seasonal factors. “Ultimately, I do feel that there is a seasonal play,” Baruch told Kitco News, “people look for that time to reinvest or purchase gold as they look at and re-evaluate their portfolios.” Gold has not been rallying on the back of stocks falling because investors are selling gold to cover margin calls, according to Baruch. “People position long gold ahead of a stock market correction, and not necessarily buying gold after a stock market correction,” he said, “and because of that, after a correction, people have to rebalance their portfolios; assets come out of gold in order to meet margin calls in stocks.” Baruch said that gold is currently in a bull phase and maintains his bearish dollar view in the long run. “Ultimately, I think there’s going to be a really great buying opportunity here for gold,” he said, “the dollar index, I’m watching very closely, it has a little bit more upside, right around 91.75 – 92, and on the downside, the euro is a big part of that trade, and I think there’s a lot of support in the euro around 122.” Baruch said that he is waiting for the currency side of the trade to get to gold-bullish levels. “The currencies were really a big part in why gold rallied in January; the dollar got clobbered,” he added.
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