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U.S. Constitutional Crisis? Not According to Gold Bullion
U.S. Constitutional Crisis? Not According to Gold Bullion
The system is collapsing, the markets are crashing, and gold and silver bullion are soaring higher, attempting to protect their investors from the impending doom about to befall us.
Or not.
The Mainstream Media is at it again, beating the war drum and attempting to rile up the people of the United States, the markets, and anyone else that will listen. After all, you’ve got to get those clicks.
The hubbub that I am referring to regards the ongoing “constitutional crisis” taking place in the United States even as I write this article.
A “whistleblower” in the Intelligence Community has stepped forward with damning information that he / she heard from a guy who knows a guy who knows for a fact that President Trump is attempting to circumvent the election process, big league.
Straying from tradition and in record-breaking fashion, the Trump administration released the transcripts of the supposed incident, which took place via phone call with the President of Ukraine. The “whistleblower” believes the President attempted to garner foreign interference in the upcoming 2020 elections by having Ukraine investigate Joe Biden and his son Hunter Biden.
This, of course, would be very concerning if true, even if there was undoubtedly some funny business that took place regarding Hunter’s “incident” while Vice-President Biden was in office.
To read more about the background surrounding this past event, I suggest Karl Rove’s recent Op-Ed that appeared in the WSJ this morning.
If all of these allegations were true, then you would expect that President Trump and his administration would go into immediate “lock down” mode, making it as difficult as possible for the opposition to investigate his “wrongdoings”. Which is what I believe both the Democratic Party and the MSM thought would happen.
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Currency Wars Have Entered the Next Phase, Gold and Silver Will Move Higher
Currency Wars Have Entered the Next Phase, Gold and Silver Will Move Higher
Gold is trading solidly above the $1500 mark at the time of writing, and I believe we are only just getting started. The currency wars are back in full swing, and they will be more intense than ever.
The United States government, ironically, labeled China a currency manipulator for the first time since 1994, marking a severe uptick in their rhetoric against the Chinese government, as the trade wars continue to spiral out of control with seemingly no end in sight.
Many simply waved this move off as nothing more than what it initially appeared to be: jawboning with no true ramifications behind it. However, others see it as a blatant threat by the U.S. administration against China, as the last time this language was used twenty-five years ago was when China was placed on a currency blacklist.
Some were surprised by this move, as they see it as an overreaction, fearing that we have now moved into another phase of the ongoing currency wars that have bubbled behind the scenes for years—currency wars that are now in plain sight for all to see.
Unfortunately, this should come as no surprise to anyone, as President Trump stated back in 2016 that he fully intended to label China a “currency manipulator”, a statement that was laughed off until now.
This move comes on the heels of a Fed interest rate cut in which the Fed Chief, Jerome Powell, lowered rates by 0.25%, citing fears of a weakening global economy and ongoing trade wars.
Of course, China is far from the only currency manipulator in the world, as countries are constantly “racing to the bottom” in an attempt to lower the value of their currencies. This increases their competitiveness on the international markets by artificially making the prices of their goods lower.
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Liberty Under Attack: Gold and Silver Fall?!
Liberty Under Attack: Gold and Silver Fall?!
Image Source, via Ruptly
On a day like today, the irony of gold and silver losing key psychological support levels is beyond ironic, it is ludicrous.
Unless you are living under a rock, then you will have heard that after seven years of hiding out in the Ecuadorian Embassy, Julian Assange, the founder and head of Wikileaks, was forced out of asylum and arrested by the UK government.
This move, highly anticipated for days, caused a sudden flood of emotions, with some supporting the arrest and others screaming out in rage and shock as they watched a disheveled Assange being dragged out of the Embassy and thrown into an awaiting police vehicle.
His appearance once again raised concerns about his well-being and health, as many of his supporters have worried about the damage the last seven years of confinement have done to his mental health.
These concerns appeared to be valid, as Julian Assange without a doubt looked absolutely horrible.
Whether or not you support Julian Assange and Wikileaks likely depends on the way the political winds are currently blowing.
I remember well the entirety of the Assange saga and the work that Wikileaks has done throughout the years, exposing such things as the ” Iraq War Logs” and the “leaked State Department cables“.
These two very prominent leaks exposed a deep level of corruption within the U.S. government, and thus Assange became an enemy of the United States bureaucrats and the deep state.
The first major leak made Assange a hero to the left, as it greatly damaged President Bush and the Republican party of the time by exposing the violent acts of torture the military was committing overseas.
The second major leak saw the political winds change, blowing them in another direction.
Turning the left, who once idolized Assange, against him.
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The Trend Continues: Romania Introduces a Bill to Repatriate its Gold Reserves
The Trend Continues: Romania Introduces a Bill to Repatriate its Gold Reserves
The trend is accelerating, just as I predicted it would.
Countries all over the globe are growing anxious, as the geopolitical atmosphere of the world continues to heat up, threatening to hit a boiling point.
Central bankers and government officials who see the world through an unfiltered, non-rose-tinted lens are well aware of this, and are beginning to take the necessary actions required to protect themselves and their homelands.
China, Russia, India, Poland and Turkey are just a few of the countries that have made no secret of their plans for long-term accumulation of precious metals, in a hope to diversify their national reserves out of the U.S. dollar and into hard money.
I, along with many others in the precious metals community, believe that the reason for this is that they can see the writing on the wall and are well aware of what is coming down the road.
They know that the U.S. dollar will not be the reserve currency of the world forever, and from their actions, I believe they know that precious metals will once again take center stage, playing a vital role in the next successor to the throne.
Joining the growing ranks of concerned countries is Romania, a holder of 103.7 tonnes of gold. Or rather, a country that believes they hold 103.7 tons of gold.
As I have stated numerous times, if you don’t hold it, you don’t truly own it.
Physical possession of a significant portion of your precious metals is vital in these times of growing unrest.
Waking up to this reality, Chamber of Deputies President Liviu Dragnea and Senator Serban Nicolae of Romania have proposed a bill to force the National Bank to repatriate 95 percent of Romania’s gold reserves, which are largely held abroad.
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The U.S. National Debt is Completely Out of Control. Oh Well?
The U.S. National Debt is Completely Out of Control. Oh Well?
The U.S. National Debt recently blew past the $22 trillion mark, to the shock and amazement of…
Almost no one.
Although there remains a minority of individuals who are concerned about the exploding debt level, they are a shrinking minority, as more and more people are simply content to drift into blissful ignorance, disregarding the alarm bells going off all around us.
To many, especially the millennial and younger generations, the creation of money is just as mysterious as electricity or the internet. It simply is, and it has always been.
Too few now remember when honest money reigned and governments were forced to be fiscally responsible due to the checks and balances that the gold standard placed on them.
Sadly, $22 trillion is just the start, as the unfunded liabilities that the United States now owes stands at a truly ghastly number, $122 trillion.
And the U.S. isn’t alone. Countless “established” countries around the world find themselves deeply in debt, with no chance of ever “digging” themselves out.
For years, I have pointed out these increasing debt levels. For years, I and many others have been ignored. And sadly, I fear that we have now crossed the Rubicon and there is no going back.
What cannot be repaid will not be repaid. Remember these words.
This is the reality we now live in: a world where debt levels, at least in the short term, simply do not matter… until they do.
We are in one massive shell game, and those playing the game know that it is rigged, but have no choice but to continue with their participation.
…click on the above link to read the rest of the article…
Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967
Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967
Cryptocurrencies have been crushed, the stock market looks poised for a slowdown and the world stands on the edge of a cliff, as geopolitical tensions flare across the globe, waiting for a spark to ignite the flames.
The smart money knows it, and they are starting to move. This includes Central Bankers, which are buying the king of metals, gold bullion, hand over fist.
As I stated at the start of this year, I believe 2019 will see significant accumulation in the precious metals market, which will finally break out of the horrible sideways trading pattern we have been in for years.
As many of you know, gold has been stuck in an abysmal trading pattern, moving slightly above $1300 only to be crushed back down toward the $1100 mark.
This comes in spite of the fact that we now face the most geopolitical uncertainty we have seen in decades.
However, not everyone has been unaware of these dangers.
Central Banks spent 2018 accumulating precious metals in a monumental way, increasing their holdings by the most in one year since 1967. Quietly accumulating while the rest of the financial world happily ignores the alarm bells going off all around them.
Recently, the World Gold Council stated that the world consumed 4,345.1 tonnes of gold throughout 2018, up from 4,159.9 tonnes in 2017.
The chief driver of this move higher was Central Banks, which bought 651.5 tonnes throughout 2018, a staggering 74 percent increase over 2017, and as previously stated, the largest increase since 1967.
Sadly, Western Central Bankers are still asleep at the wheel and were not the main contributors to this increase.
As I have been reporting on for years, countries such as Russia, India, China, Poland, Kazakhstan and Turkey were the main purchasers of gold bullion throughout 2018.
…click on the above link to read the rest of the article…
Demand for Physical Gold & Silver Bullion Increase As Geopolitical Tensions Erupt Around the World
Demand for Physical Gold & Silver Bullion Increase As Geopolitical Tensions Erupt Around the World
You can sense it. You can feel it.
The tension in the air is all around us, and it’s not just isolated to one country. Rather, it is a global phenomenon.
Geopolitical angst is rising as trade wars rage across the globe, with countries picking sides and either moving radically to the left or to the right, with all middle ground rapidly evaporating.
This is a recipe for disaster, and we are soon to enter a period of incredible turmoil and unrest, as people become more and more desperate to assert their political will over their opponents, no matter the cost.
This will, as it always has, lead to great political upheaval, upending the proverbial apple cart in the process.
We already see this unfolding in politics all over the world, as people take more and more extreme measures, forgoing the traditional means of change and adopting more radical approaches.
Look at Venezuela, look at France, look at the United States. Change is happening, and it is happening fast.
Now more than ever, it is vital to protect yourself, to take personal liberty over your finances and to prepare for the hard times that are soon to be upon us.
There are many steps that could be taken to mitigate the risks coming to you and your family. However, first and foremost is the acquisition of gold and silver bullion, both of which are tried, tested and true ways of preserving your wealth in times of increased tension and chaos.
I personally believe that taking physical possession of your precious metals is the first step in this process. This is an insurance policy that has worked for thousands of years, getting people through some of hardest times in human history.
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Party On: Fed Chairman Powell Capitulates to the Market
Party On: Fed Chairman Powell Capitulates to the Market
FED Chairman Powell, who for a time was appearing to go rogue and stray off the beaten path of loose monetary policy paved by so many of his predecessors, has collapsed his resistance and utterly given in to the demands of the market.
At a forum hosted by the American Economic Association in Atlanta last Friday, FED Chairman Powell was a “good boy” and did exactly what Wall Street demanded.
He stuck to a well-written script of carefully selected words, focusing time and again on a few in particular, but most notably the word “patient”.
The context in which this word was used was in reference to raising interest rates.
As we have noted in previous articles, the hawkish approach adopted by FED Chairman Powell was ill received by both the markets and President Trump, who has been in an open feud with the FED.
This insistence on raising interest rates has caused the markets to gyrate wildly, causing sporadic, sharp dips lower in the broad stock market. This struck deep fear into investors, as they began to worry that the end of the “easy money” era was over.
Like his predecessor Janet Yellen, who also carefully chose the word “patient”, Powell intentionally selected this word to signal to the markets that (also like Yellen) he was willing to put on the velvet gloves when it came to handling the markets.
FED Chairman Powell stated the following:
“We’re listening carefully with … sensitivity to the message that the markets are sending and we’ll be taking those downside risks into account as we make policy going forward.”
…click on the above link to read the rest of the article…
Preparation is Vital. 2019 is Destined for Chaos
Preparation is Vital. 2019 is Destined for Chaos
As you make your New Year’s resolutions, make sure you allot room for some much needed protection as we head into 2019 and beyond.
It may not be the rosy picture many of you were hoping for, but sadly, 2019 appears to be destined for increased chaos, turmoil and outright confusion.
The chief driver of this will undoubtedly be the current disheveled state of affairs we are seeing unfold in the United States.
As we enter another week of government shutdowns, we are getting just a small sample of what this year has in store. We haven’t seen anything yet, and I believe the madness witnessed throughout 2018 was just an opening act.
President Trump is being challenged on all sides, and I believe at this point moving forward we will see some very serious and drastic changes within his administration, as he rapidly clears house of anyone he believes belongs to the “old establishment”, replacing them with those whom he deems “loyal” to him.
In addition to this, we are going to see him use every weapon in his arsenal to jam through as much of his agenda as he possibly can within his legal powers.
This will enrage his opponents and embolden his die-hard supporters, all while doing damage to the system as a whole in the long run.
At this point, from a personal perspective, the left has left him little-to-no options, as he now fights for his and his family’s survival—all of whom his opponents would love to see behind bars, no matter the ramifications this would cause to the very fabric of the United States.
Meanwhile, emboldened by their recent victories, the radical far-left elements within the Democratic party are going to come fast and hard at Trump, attempting to take him down as viciously as they can.
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Venezuela is Painfully Reminded of the Golden Rule
He who holds the gold, makes the rules.
This is a motto that you will hear espoused by gold bugs, precious metals advocates, or anyone that has studied financial history in any meaningful way.
The fact is, if you don’t hold it, then you don’t own it.
This is something that I have warned about for years, as people continue to pile into “paper” precious metals assets, most specifically, those that do not guarantee to hold the precious metals in physical reserve, accounting for every oz that they own via regularly scheduled audits.
As Central Banks around the world continue to race into gold, a trend I have been noting throughout the course of this year, some, are being painfully reminded of the golden rule and are ruing the day they ever gave up physical ownership of their most valuable, real asset.
Venezuela, who is currently led by a failing socialist government, with President Nicolas Maduro at its head, is one such country that is learning this valuable lesson.
Venezuela, for months has been attempting to repatriate their gold holdings from the Bank of England, the latter of whom “allegedly” holds a large percentage of the worlds gold reserves since the ending of World War 2.
The reasoning for this, was one of the greatest cons in history, and one that continues to unfold. Western Central Banksters convinced many of the Worlds Nations that it would be “safer” to hold their reserves within the United States and England.
Ironically, over the last few decades, this has been just about the worst place in the world to hold your gold bullion, as these nations have rehypothecated this gold to near infinity. But don’t worry, they claim their “good” for it.
…click on the above link to read the rest of the article…
Preparing for Turmoil, Central Banks Turn to Gold
The trend is your friend and in this case, the trend comes tinged with a yellowish hue.
As I have been highlighting recently, Central Banks around the world are finally waking up the the harsh reality that is our current geopolitical and financial situation.
On the surface, things appear to be healthy, things appear to be running along smoothly, but as soon as you scrap even an inch below the surface, and look at the skyrocketing debt levels and increased fragility of many Western nations, you quickly begin to realize just how unstable things have become.
Certain countries have been ahead of the curve, accumulating gold hand over fist, taking every opportunity that arises to add to their holdings, whenever any large amount of gold hits the markets.
As I wrote about last week, both Poland, who has been incrementally adding gold to to their reserves at a steady rate, and Hungary, who increased their gold reserves by 10 fold in one purchase, are two countries to join the growing ranks of countries who have caught the “gold fever”.
Other wealthy individuals are silently, but steadily allocating some of their phenomenal profits that they have received from this record breaking stock market, into precious metals. Perhaps sensing that the top is near and that the inevitable correction is forth coming.
Whether or not 2018 is the year that we see a collapse is yet unknown, but likely we are going to see a much clearer picture painted as the 2018 midterms wrap up and come to a close.
Many analyst are predicting that we may see a massive correction if Trumps GOP suffers significant losses, as consumer confidence may be rocked and businesses may begin to second guess many of their recent decisions.
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The West Continues to Rot at the Core as it Obsesses Over the Short-term
The West Continues to Rot at the Core as it Obsesses Over the Short-term
The stock market, by and large, is a farce.
This is not to say that it does not have a purpose, because undoubtedly it does. This cannot and will not be denied, except by those who identify themselves as having anarchist traits.
Yet, it is still a farce. It is corrupt, it is short-sighted and it is riddled with problems. But in our “semi” capitalistic system, it is what we have. And we have to make the best of it.
This, however, does not stop us from striving to improve it. In fact, I believe this should be a major goal of Western society as a whole. The stock market, in tandem with the free market, has led to the most powerful economic engine this world has ever seen. Even if it is now riddled with disease, it is and will be for the foreseeable future a juggernaut in the economic landscape.
We should constantly strive to weed out corruption within the system and work towards improving the function of the markets as a whole. However, one issue that has once again been pushed to the forefront is the fact that Western markets are incredibly short sighted.
Many legal and financial experts have argued this point for years. The stock market’s obsession over quartering reporting has pushed it to its breaking point, driving companies to overemphasize the short-term, rather than the long-term, health of the company as a whole.
This irrational way of thinking has driven many companies to the point of bankruptcy, as many CEOs and executives know they have a short term life span within any given company. This drives them to push short-term profits, hoping to beat the next quarterly consensus—driving the price of shares up, and thus their golden parachute packages along with it.
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Sales of Physical Gold Explode as the Currency Wars Continue to Unfold
Trade wars are erupting, scandals are unfolding and now the United States is entering into the much prophesied currency wars that many experts have predicted was coming for years.
The United States and China, who continue to hold out against American tariffs, are entering into a quickly accelerating downward spiral.
Already the US government has ordered a massive $34 Billion worth of tariffs on Chinese goods entering into the United States, while at the same time, China has fired back shots of their own, issuing tariffs of their own kind.
As predicted, this would be far from the last that we would see, as now, we are learning today that President Trump plans on increasing tariffs by an additional 25% , up from the previous 10%.
This equates to a stunning $200 Billion worth of tariffs on Chinese goods, attempting to enter the United States marketplace.
This drastic increase in tariffs comes on the heels of a significant decrease in the value of the Yuan, which essentially has circumvented the previous tariffs placed by President Trumps administration .
These actions, and China’s willingness to devalue their currency proves just how serious they are about winning this currency war, while at the same time, so too does Trump’s acceleration in additional tariffs.
Just how low China is willing to take the Yuan is yet to be seen, as are the unintended consequences of taking such a drastic action.
Already, markets, especially those in China, are experiencing significant turbulence, as they corrected sharply lower.
Meanwhile, markets in the West were more optimistic in their ability to see this trade war through, as Apple surged higher, pulling the broader markets up, along with it.
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