Precious metals news

In 2014, police in the United States killed 1,100 people.  During that same year, police in Canada killed 14 people, police in China killed 12 people and police in Germany […]

German reporter Michael Mannheimer of PI-News has just reported what many have suspected over the past 48 hours- Andreas Lubitz, the co-pilot of the Germanwings flight who allegedly intentionally crashed […]

The US first ignored China’s rise and AIIB. Then they laughed at it. Then they tried to fight it. And then China won.

It looks like Austria has another potential bank problem with respect to the failure of Hypo bank. It is Pfandbriefbank and this is another black swan that can cause dominoes to […]

Jim Grant told Fox Business that the Federal Reserve has kept itself in emergency mode for too long, with interest rates near zero for almost 7 years. In fact, remaining in emergency mode has only made the next emergency more likely. Grant fears that central banks (the Fed in particular) have become far too powerful in their ability to bail out irresponsible bankers by destroying the wealth of savers.
The Fed, the government... are instituting a de facto nationalization of essential banking activities… It can't be that the single purpose of banking is to prevent banks from going bankrupt. Yet this has become in effect the policy of our minders at the Federal Reserve. They are becoming quite all-powerful…”

Jim Rickards spoke to ABC News Australia about the long-term costs of devaluing currency. Sustained economic growth cannot come from devaluation when the entire world is cheapening currencies at once. Instead, people just lose their purchasing power and global inflation is the long-term result. Like Peter Schiff, he warned that the Federal Reserve won't be raising rates any time soon and that the world faces a fiscal crisis bigger than the crash in 2008.

John Tamny, Political Economy Editor at Forbes, spoke to the Austrian Economics Research Conference about the roots of the Great Depression, the financial crisis, and the Great Recession. He explained how most modern economists ignore important economic fundamentals, or simply misunderstand them. For example, contrary to popular belief, governments cannot stimulate demand by simply spending more. He also focused on the beauty of recessions, which allow an economy to cleanse itself of bad business practices. Like Peter Schiff, Tamny argues that the US needs to experience a painful, but necessary recession sooner than later to truly heal its economy.

This is an economic collapse update from SGTreport. On Wednesday, March 18, 2015 the U.S. Dollar experienced an unprecedented ‘flash crash’ shortly after the market close, losing nearly 5% of […]

Can stocks keep hitting new highs even as sales and profits fall? History suggests we've reached Peak Central Banking-the faith that central bank easing can push markets higher forever, regardless […]

Most people are not aware of this, but the U.S. dollar has lost 97% of its value since 1913 – the year the Federal Reserve was established.  That marked to […]

If you hold, earn, or invest US dollars, this is an absolute gift. The dollar is strong, and simultaneously many high quality assets around the world are selling at rock […]

The US Dollar topped on March 16th, 2015, expect continued weakness into the end of April with a BREATHTAKING crash before summer!  Does cycle analysis foreshadow a WORLD Economic Collapse […]

French paper Le Parisien didn’t mince words in the headline: “La chasse au cash est lancee”. Basically ‘hunting season on cash is launched’:

This week we take a look at a truly bold and daring plan that was proposed to the current Greek government, in order to restore economic balance, as well as Greek […]

- World is sleep walking from ‘Cold War’ to ‘Hot War’ and new World War - U.S. resolution to supply Ukraine with lethal weaponry passed - Russia warns such moves […]

Last night former Fed Chairman Paul Volker publicly admitted what every SD reader has known for years...

I guess if you don’t eat anything with ground beef in it, you might think there’s no inflation:

Alasdair Macleod, head of research for GoldMoney, explained to USAWatchdog that America is losing influence in international banking. China is steadily gaining more support for a new bank that would finance major infrastructure projects in developing countries.
The Asia Infrastructure Investment Bank (AIIB) represents enormous investment potential by creating an Asian market enveloping more than half the world’s population. China already has support for the AIIB from countries throughout Asia, the Middle East, and the eurozone. However, it is doubtful that China will ever invite the United States to be a member. In fact, it would probably prefer the US dollar to play no part in the what would be the largest market the world has ever seen.
The US is being left in the dust in other ways as well. While China continues to buy up gold, Macleod warned that almost all Western traders fail to understand the value of the commodity. To compete with the growing economic powerhouses in ...

Today saw another HUGE withdrawal of 5.97 tonnes of gold from the GLD which is now headed for Shanghai...

The start of what could be a major military conflict in the Middle East began yesterday when Saudi Arabia began bombing Yemen last night. But if you get your news […]