Precious metals news

Before we can contemplate what might happen in the future, we have to first examine what I think of as a global economic chain with a series of weak links. I am going to argue that there are five major weak links.

The delinquency rate on loans is key in understanding banking. It answers one question: what percentage of loans is overdue for payment?

"If downside risks were to materialize, regional & global spillovers could be significant given Italy's systemic weight,"

In a bid to calm financial markets & shore up confidence after the U.K.'s unexpected vote to leave the European Union, the central bank is widely seen as reducing its key interest rate to 0.25% from a current record low of 0.5%

An old dog may not be able to learn new tricks, but he can apparently rediscover those that are long forgotten.
In a recent interview with Bloomberg, former Federal Reserve chairman Alan Greenspan warned of impending inflation.
His prescription?
A return to a gold standard.
Greenspan noted that growth in productivity has ground to a halt in the US. He described the current economic malaise as stagnation. Greenspan pointed out that the money supply measured by M2 is steadily increasing and has tilted up in the last several months. This is a leading indicator of inflation:
The thing that we should be worrying about now, which we have actually given no thought to whatsoever, is that this type of economic environment ends with inflation. Historically fiat money has always ended up that way.”

Peter Schiff recently appeared on Info Wars with Alex Jones and offered a dire warning:
The world sits atop a house of cards erected by central banks…unfortunately it’s not going to end well for most people.”
Peter said the aftermath of Brexit shows just how fragile the world financial system is, pointing out that in a healthy economy Brexit wouldn’t really matter. But we don’t have a healthy economy and the post-Brexit turmoil is a sign of things to come:
More and more people, mainstream people…now realize that this is the ninth inning of this thing – this whole experiment with Keynesianism and fiat money. It is very, very late in the game. Time is running out. The clock has been ticking and ticking and it’s going to stop. The day of reckoning is getting closer.”
So, what lies ahead? Peter reiterated a prediction he made on CNBC last month – the Fed will sacrifice the dollar on the altar of the stock market, we are rapidly heading toward a currency crisis, and we ca...

Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper of monetary ruin

Unlike stocks, a housing bubble can only go so far.

The good thing about Gold: no research required for it to "work." Only lots & lots of stupid politicians & economists. Luckily, we have more than enough of those.

The bail-in option is particularly noxious in Italy because retail investors own about half of the country's bank debt & could be wiped out in such a deal

"I think it's been ill-advised to rely on monetary policy, but that still appears to be the only game in town."

The financial takeover of government is not new. Ibn Khaldun described how what today is called the "deep state" (often run by foreigners or other interlopers) gains control of dynasties

The baby-boom generation consists of 76 million Americans. Currently, they are retiring at a rate of about 10,000 per day - & will continue to do so until 2030.

The euro CANNOT SURVIVE. By the time this mess comes unraveled, we will see the world completely change. We are probably looking at a major world monetary reform come as […]

These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year & supporting two to four children & exist largely under the radar

Gold has gone up from £834.05 just before the BREXIT vote tally to £1054.55 at Friday’s close, or +26%. In US dollars, the price of gold has gone up in the […]

The IMF called for action over concerns relating to the bail-in of retail investors in Italy, noting that "very high" amounts of non-performing loans and slow judicial processes were straining bank balance sheets.

We have reports from readers in Italy that ATM machines are being emptied. A run on banks is beginning in Italy.

While the European Union's bank contagion goes beyond 4 banks, here is one chart of 4 German and Italian banks to demonstrate contagion.