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It Has Been 7% Inflation Since 1996
It Has Been 7% Inflation Since 1996
And so finally, now fiat $USD financial authorities are being forced to admit we have at a minimum 7% price inflation annualized.
The issue, as per usual, is the real value loss truth is like twice that amount in terms of real purchasing power disappearances over the last twelve months.
To attain shreds of credibility, even some in the mainstream financial media now have to report how rigged the Bureau of Labor and Statistics (BLS) inflation tracking methodology is.
Of course, yet another deflationary global bankruptcy phase is likely to come about this decade.
Look for perhaps some cyber-attack excuse to cover yet more derivative bet loss insolvencies to come.
And when it does, it will likely turn these increasing-price inflationary pressure downwards for a brief timeframe as it did during the 2008 GFC and briefly, and too at the start of the 2020 pandemic.
Yet our financial authority’s most predictable response mechanism will likely be more seemingly ∞fiat currency∞ creation.
Ultimately and also by major central banks’ pre-meditated ‘Go Direct‘ actions. Secular inflation should remain persistent, reaching levels already now larger than perhaps ever before experienced in most of our lifetimes until significant structural issues of too much record-level fiat currency-denominated debt and unsaved promise piles get reckoned.
Over 7% Inflation Since 1996
Dear Governments, Spend as Much as You Can
Dear Governments, Spend as Much as You Can
This week we heard further details about more trillions in upcoming spending and even changing monetary issuance laws (for CBDCs) worldwide.
The International Monetary Fund (IMF), what critics might call a supranational leveraged buyout bank, was out this week making calls for governments worldwide to spend as much as they can.
The IMF also noted that monetary issuance laws would need to be changed in 104 nations to directly issue fiat Central Bank Digital Currency or CBDC for fuller global fruition.
Sounder money advocates yet to banned off of Twitter are predicably pissed off.
Global Government Bonds
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SDBullion Market Update
Federal Reserve Chairman Jerome Powell had the following statement this week worth highlighting in our market update video.
Federal Reserve Chairman Jerome Powell had the following statement this week worth highlighting in our market update video.
There is nothing in any definition about how fiscal dominance, which considers our still having the dominant fiat currency of the world, utilizes yield curve control, with suppressed real interest rate yield, rigging inflation and unemployment data, while still dominating the world in most price discovery powers.
Yet on the cusp of losing economic output dominance to over 2.5 billion Chinese and Indian residents, they tend to stack physical gold and silver as they get wealthier increasingly.
Another week of up then down spot price action for silver and gold. As we head into this Monday’s thinly traded Martin Luther King holiday, note that the spot gold price sits just below its 200-day moving average.
During gold bull markets outside of the global financial crisis, that is typically an excellent time to add to bullish and betting long positions.
…click on the above link to read the rest of the article…
Great Depression to our Depression: Debt Deflation Doom Loop Lessons
Great Depression to our Depression: Debt Deflation Doom Loop Lessons
We are now in the crosshairs of a mega debt deflationary bankruptcy phase.
Some of our sharpest forefathers left us illustrations to better understand how this cycle operates. It helps that many both actually lived through and studied the last one fresh off it happening. No not this fiat currency bifurcated ivory tower era thinking either ( not you bailout Bernanke).
☠️DEBT DEFLATION BANKRUPTCY LESSONS ☠️
Described as the last honest Federal Reserve governor, John Exter (1910 – 2006) believed by the early 1960s that the Federal Reserve was locking itself into currency expansionism it could not stop without disastrous outcomes and blowback.
He reportedly would say that the Fed was becoming a prisoner of its own currency stock and debt-based growth (effectively painting itself into a corner). Then a trend that risked a credit expansion reaching total US debt levels far in excess of the country’s GDP (quaint times).
His was an envisionment of a major debt crisis ahead of his life, and he believed the crisis would then turn the economy down, to levels not seen since the Great Depression.
Exter warned the Fed would one day find itself unable to prevent a wide-scale deflationary depression.
Perhaps the man could never envision our current viral scapegoat or how this global economic shutdown would quicken into existence some of his worst economic predictions.
But by the late 1950s and early 1960s, our financial system was effectively already devolving into a debt-based, debt-driven economy. To illuminate its growing unstable structure, Exter devised an upside-down debt pyramid as this original illustration shows.
Within it, the former central banker presented the US debt pyramid and drew attention to the fact that all foreign economies also had debt pyramids too. The structures are always perched in an unstable manner which Exter believed was also true for the financial system generally.
…click on the above link to read the rest of the article…
London Gold Pool Collapse 2020s (VIDEO)
London Gold Pool Collapse 2020s (VIDEO)
To better understand where Gold is going, you have to know where it has been (gold price suppression history).
Especially in the context of our last 50+ full fiat currency regime years as only for a small single-digit percentage in that time was gold allowed to do its freaking premiere money job.
Given the ridiculous situation, central banks and fiat financialization has gotten us to in 2020, it’s only a brief time from now where the ultimate final bubble of this debt supercycle shows up in gold.
Here we dig through in detail how the City of London has often been at the center of rigging gold prices for the benefit of fiat financiers.
Such frauds and those who learned volatility injection from them (COMEX) are losing effect as the run on gold bullion have begun.
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What you’re looking at in the chart above, is the inevitable free-market repricing higher, after pegging and suppressing the price of premiere money, gold bullion near $35 oz for some 35 years of time.
After the original multinational London Gold Pool price rigging operation collapsed in 1968, the fiat Federal Reserve note became the anchor to all fiat currencies everywhere (August 1971).
Last time London was at the center of politely rigging the gold price, France’s Charles de Gaulle decided to break up the price rigging party with his Exorbitant Privilege (1965) speech.
The then French President spoke, in a similar tone to how a modern Vladimir Putin or a perhaps a Chinese Nationalist might today.
As you can see in that 1970-1980s gold price chart above, the yellow precious metal went to work repricing some 24Xs higher following the conspiratorial price rigging collapse.
…click on the above link to read the rest of the article…
EVERYTHING but Bullion & Commodity BUBBLE
EVERYTHING but Bullion & Commodity BUBBLE
I am going to start with something you hopefully can intuit as factual.
Flacid fiat currency values in the aggregate, remain in their greatest bubble of all time.
How do we know this?!
Because gold bullion is nowhere near what the parasitical establishment will predictably and way too early describe as being in some valuation ‘bubble.’
The coming gold bubble conversation is a moot talking point until at least we clear $4,000 oz in fiat USD valued currently (see the now fiat monetary base vs claimed US Gold Reserves chart below).
In other words, gold has not taken the fiat $USD and almost none of the other +180 fiat currencies entirely to the woodshed, just yet.
Strange, given that global and US fiat currency creation has never been more reckless and speedy than perhaps the first-two- and third QEs following the 2008 financial crisis.
Again fiat Feds are clogging the financial system with more debased we cannot believe its not-QE4 overnight REPO injections.
Wondering in writing below.
The BIS’ FSB ‘s #1 Bank Bail-In threat remains JP Morgan. That’s a verifiable fact.
Now we wonder if JP Morgan walked away from the REPO market in revenge for their precious metals desk getting US DoJ RICO’d?
Mid-September 2019 timing looks like a match. Bail-ins cannot come soon enough.
One has to go back to early 1980 precious metal bull market peak, back to when especially early 1980 gold prices were making central bank fiat currencies tell their inherent truth.
We are further still now wallowing in fiat valued delusions. Just awaiting the supposed US gold reserves to account from +40 to 100% vs. fiat Fed notes issued currently.
Here is the fiat Federal Reserve note’s ongoing levitation versus all the Official Gold Reserves the USA supposedly holds at the moment. There are trillions of rationalizations for why gold will be rocketing higher in value soon.
