gold
by
charleshughsmith
Executive Summary
- Is it better to hold cash in savings/checking accounts, or securities accounts?
- Where will the dollar likely from here?
- What will likely happen with retirement accounts?
- Ways to diversify your cash risk
If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.
The Role Of Cash In The Informal Economy
In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy. The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy. In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.
The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)
Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.
That might spark…
Smart Strategies For Building & Managing Your Cash Savings
PREVIEW by charleshughsmithExecutive Summary
- Is it better to hold cash in savings/checking accounts, or securities accounts?
- Where will the dollar likely from here?
- What will likely happen with retirement accounts?
- Ways to diversify your cash risk
If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.
The Role Of Cash In The Informal Economy
In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy. The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy. In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.
The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)
Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.
That might spark…
by
Chris Martenson
Executive Summary
- Controlled markets can't be controlled forever
- Confidence is beginning to fail, even at the top
- The leading indicators to monitor closely
- The reason to get excited about gold & silver again
If you have not yet read Part 1: Who’s Going To Eat The Losses? available free to all readers, please click here to read it first.
As we recently covered in this week's special webinar, the geopolitical tensions across the world, alone, should have created some sort of ‘risk off’ response in the equity markets. With China, Russia and North Korea all increasingly at odds with the US for a wide variety of reasons, it’s very hard to make a case that Everything is Awesome!
Instead, it’s very easy to make the case that the world is on the brink of a period of destructive trade wars, if not actual 'hot' wars.
Again, that alone should be introducing some uncertainty, some ‘risk off’ behaviors by which we mean some sort of a selloff in equities. But that’s just not the case.
In fact, the current stock ramp-up is the second longest without even a 3% sell-off in all of US equity history.
It's my firm belief that these calm markets do not represent the collective wisdom of millions of independent traders and investors. They are instead the result of both direct and indirect support of said markets by monetary authorities and their proxies. That is, the central banks and the big banks they actually represent and look out for.
But this lack of volatility will have a very painful cost some day. No different than in a political crisis where an oppressed people finally rise up, the suppression of market volatility will spill over and…
How To Deal With Our Dangerous Markets And Failing Future
PREVIEW by Chris MartensonExecutive Summary
- Controlled markets can't be controlled forever
- Confidence is beginning to fail, even at the top
- The leading indicators to monitor closely
- The reason to get excited about gold & silver again
If you have not yet read Part 1: Who’s Going To Eat The Losses? available free to all readers, please click here to read it first.
As we recently covered in this week's special webinar, the geopolitical tensions across the world, alone, should have created some sort of ‘risk off’ response in the equity markets. With China, Russia and North Korea all increasingly at odds with the US for a wide variety of reasons, it’s very hard to make a case that Everything is Awesome!
Instead, it’s very easy to make the case that the world is on the brink of a period of destructive trade wars, if not actual 'hot' wars.
Again, that alone should be introducing some uncertainty, some ‘risk off’ behaviors by which we mean some sort of a selloff in equities. But that’s just not the case.
In fact, the current stock ramp-up is the second longest without even a 3% sell-off in all of US equity history.
It's my firm belief that these calm markets do not represent the collective wisdom of millions of independent traders and investors. They are instead the result of both direct and indirect support of said markets by monetary authorities and their proxies. That is, the central banks and the big banks they actually represent and look out for.
But this lack of volatility will have a very painful cost some day. No different than in a political crisis where an oppressed people finally rise up, the suppression of market volatility will spill over and…
by
Adam Taggart
Last year, I detailed out my personal investments in the report How My Portfolio Is Positioned Right Now. It turned out to be one of our most popular articles over the past few years.
In it, I mentioned that I'll do my best to update our subscribers when I make a material change to my portfolio allocation.
Well, I just did.
I Just Added To My Short Position
PREVIEW by Adam TaggartLast year, I detailed out my personal investments in the report How My Portfolio Is Positioned Right Now. It turned out to be one of our most popular articles over the past few years.
In it, I mentioned that I'll do my best to update our subscribers when I make a material change to my portfolio allocation.
Well, I just did.
by
Chris Martenson
One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 — which was a huge, enormous, $85 billion a month experiment — commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices — but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.
To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28):
Brien Lundin: If They Don’t Want You To Own It, You Probably Should
by Chris MartensonOne of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 — which was a huge, enormous, $85 billion a month experiment — commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices — but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.
To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28):
by
Chris Martenson
The War on Cash is now spreading to gold. The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.
They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency. They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.
These ridiculous moves tell me that we're nearing the end-stage of this long-running farce. Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage.
The War On Gold Intensifies
PREVIEW by Chris MartensonThe War on Cash is now spreading to gold. The Powers That Be want to assure that you have no escape hatches, no means of avoiding the financial and economic pain they are about to visit upon you and yours.
They hate gold because it represents a vote against them every time someone chooses gold over their own poorly-managed fiat currency. They hate cash to the extent that real cash (i.e., physical banknotes) held outside of the banking system might allow you to avoid having your savings stolen during an overnight application of new banking rules (e..g, a bail-in) that would transfer your wealth into whatever financial hole your idiot bank executives had managed to dig for themselves.
These ridiculous moves tell me that we're nearing the end-stage of this long-running farce. Too many years of stimulating borrowing above and beyond any reasonable expectation of ever paying those debts back have now driven the system to a terminal stage.
by
Adam Taggart
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