page-loading-spinner

Podcast

by JHK

Executive Summary

  • The prevailing trends of the next several decades: contraction, down-scaling & re-localization
  • How these trends will manifest in commerce, politics, employment & infrastructure
  • Those who adapt now will be positioned to thrive
  • Act now – ask forgiveness, not permission

If you have not yet read Part I: We've Dug a Pretty Damn Big Hole for Ourselves, available free to all readers, please click here to read it first.

We may never again restore trust in giant institutions ranging from the U.S. government to Harvard University to The New York Times. They have probably squandered their credibility and their legitimacy.

Anyway, the trends now moving human affairs are taking us away from both gigantism and the growth imperative that these things represent. The trends of the present moment in history are contraction, down-scaling, and re-localization.

Managing contraction is the only safe reality-based political response to the situation, and there is no constituency for it – though contraction is emphatically underway whether we like it or not, and it would be advantageous if we could manage our way through it rather than let it become a disorderly rout in which people starve and the rule of law disintegrates altogether.

As for re-localization and downscaling, there is a highly visible, easily identifiable constituency…

Fixing the Mess We’ve Made
PREVIEW by JHK

Executive Summary

  • The prevailing trends of the next several decades: contraction, down-scaling & re-localization
  • How these trends will manifest in commerce, politics, employment & infrastructure
  • Those who adapt now will be positioned to thrive
  • Act now – ask forgiveness, not permission

If you have not yet read Part I: We've Dug a Pretty Damn Big Hole for Ourselves, available free to all readers, please click here to read it first.

We may never again restore trust in giant institutions ranging from the U.S. government to Harvard University to The New York Times. They have probably squandered their credibility and their legitimacy.

Anyway, the trends now moving human affairs are taking us away from both gigantism and the growth imperative that these things represent. The trends of the present moment in history are contraction, down-scaling, and re-localization.

Managing contraction is the only safe reality-based political response to the situation, and there is no constituency for it – though contraction is emphatically underway whether we like it or not, and it would be advantageous if we could manage our way through it rather than let it become a disorderly rout in which people starve and the rule of law disintegrates altogether.

As for re-localization and downscaling, there is a highly visible, easily identifiable constituency…

by Chris Martenson

Executive Summary

  • The U.S. may have a lot less gold than widely believed
  • Replacing these missing reserves would be extremely costly and disruptive
  • Understanding this, the recent market manipulation begins to make sense (in a tradable way)
  • Why physical ownership is of paramount importance now as supply is increasingly tenuous

If you have not yet read Part I: Unintended Consequences Are Increasing World Demand for Gold, available free to all readers, please click here to read it first.

Exactly How Much Gold Do We Have?

There's growing concern that a lot of official gold has been leased out into the market and that sooner or later, as happened back in the late 1990s, one or more parties, perhaps bullion banks or a metals exchange, would run into difficulty trying to meet a physical gold delivery commitment.  

For a short video on the mechanics of gold leasing, click here.

If a lot of gold has been leased out, someday it will have to be rebought, and difficulties may emerge if the gold cannot be rebought in sufficient quantities without creating mayhem within the financial system by causing a very large hike in the price of gold.

Important:  The amounts of gold leased by central banks is a very closely guarded secret, and we do not have direct information on them, which means we have to try and back-calculate these amounts by other means.

A recent and thought-provoking study regarding gold leasing was done by Sprott Asset Management in March. After accounting for all known flows of gold into and out of the U.S. over the past 22 years, the Sprott team arrived at a figure of nearly 4,500 tonnes of gold that cannot be accounted for.

Here's the summary flow chart…

Why There May Be a Lot Less Gold Than We Realize
PREVIEW by Chris Martenson

Executive Summary

  • The U.S. may have a lot less gold than widely believed
  • Replacing these missing reserves would be extremely costly and disruptive
  • Understanding this, the recent market manipulation begins to make sense (in a tradable way)
  • Why physical ownership is of paramount importance now as supply is increasingly tenuous

If you have not yet read Part I: Unintended Consequences Are Increasing World Demand for Gold, available free to all readers, please click here to read it first.

Exactly How Much Gold Do We Have?

There's growing concern that a lot of official gold has been leased out into the market and that sooner or later, as happened back in the late 1990s, one or more parties, perhaps bullion banks or a metals exchange, would run into difficulty trying to meet a physical gold delivery commitment.  

For a short video on the mechanics of gold leasing, click here.

If a lot of gold has been leased out, someday it will have to be rebought, and difficulties may emerge if the gold cannot be rebought in sufficient quantities without creating mayhem within the financial system by causing a very large hike in the price of gold.

Important:  The amounts of gold leased by central banks is a very closely guarded secret, and we do not have direct information on them, which means we have to try and back-calculate these amounts by other means.

A recent and thought-provoking study regarding gold leasing was done by Sprott Asset Management in March. After accounting for all known flows of gold into and out of the U.S. over the past 22 years, the Sprott team arrived at a figure of nearly 4,500 tonnes of gold that cannot be accounted for.

Here's the summary flow chart…

Total 6349 items

Daily Digest

Please login to submit a story to the Daily Digest.

View Past Daily Digests