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The Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion. In eras of confidence and certainty, people save less and spend more freely. When we’re confident that good times are not only here […]
How Does Pandemic Change the Big Picture?
How Does Pandemic Change the Big Picture? As of 2019, the Big Picture for humanity was approximately as follows. Homo sapiens (that’s us), a big-brained bipedal mammal, had spent the Pleistocene epoch (from 2.5 million years ago until 12,000 years ago) developing its ability to control fire, talk, paint pictures, play bone flutes, and make tools and clothes. Language […]
Food-Security Fears Spark Panic-Hoarding, Could Drive Inflation Sky-High
Food-Security Fears Spark Panic-Hoarding, Could Drive Inflation Sky-High A senior economist from the United Nation’s (UN) Food and Agriculture Organization (FAO) told Reuters that food inflation could be imminent as people and governments panic hoard food and supplies amid the COVID-19 pandemic. “All you need is panic buying from big importers such as millers or governments to create […]
Rickards: It’ll Get Worse it Before It Gets Better
Rickards: It’ll Get Worse it Before It Gets Better We’re well into the coronavirus pandemic at this point. As of this writing, there are 360,765 reported infections and 15,491 deaths worldwide. Over the next few days, you may be certain that those numbers will be significantly higher. That’s how pandemics work. The cases and fatalities […]
Peter Schiff: Hyperinflation Is the Most Probable Scenario
Peter Schiff: Hyperinflation Is the Most Probable Scenario March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers. Peter said he was […]
FDIC asks Americans to keep their money in the banks
FDIC asks Americans to keep their money in the banks Yesterday the Chair of the FDIC released an astonishing video asking Americans to keep their money in the bank. Accompanied by soft piano music playing in the background, the official said: “Your money is safe at the banks. The last thing you should be doing […]
Greatest Depression Already Started – Gerald Celente
Greatest Depression Already Started – Gerald Celente Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression. Celente explains, “Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying people’s lives and […]
Despite Massive QE And Congress Bill, The US Dollar Shortage Intensifies
Despite Massive QE And Congress Bill, The US Dollar Shortage Intensifies How can the Fed launch an “unlimited” monetary stimulus with congress approving a $2 trillion package and the dollar index remain strong? The answer lies in the rising global dollar shortage, and should be a lesson for monetary alchemists around the world. The $2 […]
CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown”
CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown” Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold. And, as we detailed yesterday, that decoupling has become extreme. A surge in demand […]
Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ
Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and […]
For An Effective Response To The Upcoming Crisis
For An Effective Response To The Upcoming Crisis Before analyzing the emergency plans that the global economy needs, we must remember that, as in the past, the prudence and responsibility of the civil society and businesses will help us to get out of this crisis. In the face of an unprecedented crisis, we have to be […]
“The Gold Market Is Breaking Down”: Gold Spreads Explode As LBMA Warns Of Liquidity Problems
“The Gold Market Is Breaking Down”: Gold Spreads Explode As LBMA Warns Of Liquidity Problems Last night, when observing the unprecedented “gold run” on precious metals dealers which has left all gold vendors with little to no physical gold, we said that “the price of physical gold has decoupled from paper gold” as a result of paper […]
Freaky-Deaky
Freaky-Deaky I never subscribed to the nostrums of Marxism, but old Karl sure had a point when he said, “All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind.” Is […]
In Unprecedented Move, Fed Unveils Open-Ended QE Including Corporate Bonds
In Unprecedented Move, Fed Unveils Open-Ended QE Including Corporate Bonds Coming into Monday, the Fed had a problem: it had already used up half of its entire emergency $700BN QE5 announced last weekend. Which, together with the plunge in stocks, is why at 8am on Monday, just as we expected – given the political cover they have […]
Rabobank: Over 100 Million Could Be In Lockdown In India
Rabobank: Over 100 Million Could Be In Lockdown In India Police State The headlines continue to shock. Firstly, the number of coronavirus cases surged past 300,000 on Sunday with more than 13,000 deaths now reported worldwide. Secondly, predictions about the fall out on the global economic outlook have rapidly gone from bad to worse over the […]
