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Financial Storm Clouds Gather
Financial Storm Clouds Gather The price of this “solution”–the undermining of the financial system–will eventually be paid in full. The financial storm clouds are gathering, and no, I’m not talking about impeachment or the Fed and repo troubles–I’m talking about much more serious structural issues, issues that cannot possibly be fixed within the existing financial system. […]
Curious Events in Risk-Free Collateral-Land – Precious Metals Supply and Demand
Curious Events in Risk-Free Collateral-Land – Precious Metals Supply and Demand Liquidity Shortage Last week the price of gold rose $28, and silver $0.53. But the prices of the metals was not the big news last week. The price of repo — a repurchase agreement, to sell and repurchase a treasuries — skyrocketed. Banks were […]
Four Collision Courses for the Global Economy
Four Collision Courses for the Global Economy Between US President Donald Trump’s zero-sum disputes with China and Iran, UK Prime Minister Boris Johnson’s brinkmanship with Parliament and the European Union, and Argentina’s likely return to Peronist populism, the fate of the global economy is balancing on a knife edge. Any of these scenarios could lead […]
Negative Interest Rates are the Price We Pay for De-Civilization
Negative Interest Rates are the Price We Pay for De-Civilization Do central bankers really think negative interest rates are rational? “Calculation Error,” which Bloomberg terminals sometimes display1, is an apt metaphor for the current state of central bank policy. Both Europe and Asia are now awash in $13 trillion worth of negative-yielding sovereign and corporate […]
‘Vaguely Troubling’: BIS Warns Of Financial Disaster Amid $17 Trillion In Negative-Yield Debt
‘Vaguely Troubling’: BIS Warns Of Financial Disaster Amid $17 Trillion In Negative-Yield Debt When the central bank for central banks publishes its quarterly review, the world should take note. Claudio Borio, Head of the Monetary and Economic Department at the BIS, published the BIS Quarterly Review, September 2019on Sunday, revealing how the increasing acceptance of negative interest […]
The Importance Of A Resilient Life
The Importance Of A Resilient Life In the end, it will mean all the difference My business partner Adam and I recently met with a successful business owner whose career began on Wall Street. The kind of guy who should be rooting for the system, because it has treated him well. Instead, he was quite […]
SILVER PRICE UPDATE: Including End Of A Silver Mining Era
SILVER PRICE UPDATE: Including End Of A Silver Mining Era Since my last video update, the silver price has consolidated to a lower level. While I wasn’t surprised to see silver continue to correct, I do believe its only temporary before it begins a new leg higher. And, if we look at the COT Report […]
For the sake of life on Earth, we must put a limit on wealth
For the sake of life on Earth, we must put a limit on wealth It’s not just the megarich: increased spending power leads us all to inflict environmental damage. It’s time for a radical plan It is not quite true that behind every great fortune lies a great crime. Musicians and novelists, for example, can become […]
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations Situation already so bad that hiding debt becomes a priority? Australian engineering group UGL, which is working on large infrastructure projects such as Brisbane’s Cross River Rail and Melbourne’s Metro Trains, recently sent a letter to suppliers and sub-contractors informing them that as of October 15, they will […]
Oil Set To Spike After Report Saudi Repairs At Abqaiq May Take “Up To Eight Months”
Oil Set To Spike After Report Saudi Repairs At Abqaiq May Take “Up To Eight Months” While S&P futures may spike at the open following Saturday’s news from the NYT that the “the delegation of Chinese agriculture officials that had planned to travel to Montana and Nebraska in the coming week didn’t cancel the trip […]
Fiat Money Cannibalization in America
Fiat Money Cannibalization in America An Odd Combination of Serenity and Panic The United States, with untroubled ease, continued its approach toward catastrophe this week. The Federal Reserve cut the federal funds rate 25 basis points, thus furthering its program of mass money debasement. Yet, on the surface, all still remained in the superlative. S&P […]
These Are The Banks Where The Fed’s $1.4 Trillion In Reserves Are Parked
These Are The Banks Where The Fed’s $1.4 Trillion In Reserves Are Parked Over the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for, and in […]
The Weird Obsessions of Central Bankers, Part 1
The Weird Obsessions of Central Bankers, Part 1 How to Hang on to Greenland Jim Bianco, head of the eponymous research firm, handily won the internet last Thursday with the following tweet: Jim Bianco has an excellent idea as to how Denmark might after all be able to hang on to Greenland, a territory coveted […]
Former Head Of Plunge Protection Team Says Fed Has To Buy More Debt
Former Head Of Plunge Protection Team Says Fed Has To Buy More Debt We have lift off. Last Wednesday, as stocks hit session lows amid fears that the Fed was so polarized on further easing and with the Fed’s dot plot suggesting no more cuts this year that odds of further rate cuts in 2019 […]
Ben Hunt: Prepare To Get Burned
Ben Hunt: Prepare To Get Burned Society is pretending its actions don’t have consequences. It’s badly mistaken. History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com. And science informs us that even the most simple systems become nearly impossible to predict or control with 100% precision as time […]
