Silver as an investment

Paul Craig Roberts – Russia To Unleash Ultimate Black Swan Against The West

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

kingworldnews.com / December 19, 2014

Today Dr. Paul Craig Roberts warned King World News that the Russians are going to unleash what he called the “ultimate black swan” against the West.  Dr. Roberts also discussed how a terrifying series of events would then bring the Western financial system to it knees as the banking system completely collapses.

Dr. Roberts:  “I was listening to the news today and there were all these self-righteous people just happy as all get out that they had finally stomped Russia into the ground and ‘Russia is now finished,’ and Russia was broken and ‘would soon be an American vassal state where it belongs.’  And I was listening to this rot and got to thinking, ‘How can people be so utterly stupid?’  But they are, and they are just as stupid in Washington.

And in the meantime, as part of this process, Eric, we may see Russia unleash black swans that bring down the Western house of cards….

Continue reading the Paul Craig Roberts interview below…  

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Thanks to BrotherJohnF

Remarkable Action on Dollar and Gold Charts

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

goldsilverworlds.com / By Taki Tsaklanos / December 19, 2014

Sean Brodrick rightfully observes on his blog a remarkable action in both the US dollar chart (as tracked by the UUP fund) and the gold chart (as tracked by GLD). The chart below shows the dollar and right below both dollar and gold. In particular, the rising dollar comes with a stable gold price, which is not the most regular pattern. It is a positive for gold though.

At this point, everyone can see the U.S. dollar going to higher highs. That should happen, unless emerging markets like Russia make a miraculous recovery, Japan finds a recovery concealed in its kimono and Europe finds that recent deflation is all just a bad dream.

Sean asks: “While the dollar pushes to new highs, gold is off its lows. It hasn’t even tested low it made back in November. What does it mean?”

SOURCE

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Thanks to BrotherJohnF

U.S. Propaganda – Sony Hack Was A Practice Run For North Korea, Next Attack Power Grid – Episode 546

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

X22Report, Published on Dec 19, 2014

The Greeks are getting closer to Cyrpus style bail-ins.U.S. is number 1 in youth income inequality. Housing bubble is popping and it has started in San Francisco.Russia is buying gold with oil to protect itself. Leaked CIA documents show that drone strikes do not work. Obama creating a “police task force” to nationalize the police.US selling frigates to the Taiwanese government. NATO operations continue in Afghanistan. FBI r confirms the attack was from North Korea even though there is no real evidence. Cyber investigator says attack looks like an inside job. US propaganda, attack on Sony a dry run, next attack the power grid. Be prepared for a false flag.

The post U.S. Propaganda – Sony Hack Was A Practice Run For North Korea, Next Attack Power Grid – Episode 546 appeared first on Silver For The People.

Thanks to BrotherJohnF

Russia Not Selling Gold, It’s Buying; Reflections on Extremely Sloppy Reporting

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / December 19, 2014

On December 17, ZeroHedge asked Will Putin’s Next Step Be To Sell Gold?

On December 18, ZeroHedge answered his own question wrongly with Russia Has Begun Selling Its Gold, According To SocGen.

I did not believe that when I saw it yesterday, and I sure don’t today after viewing a few charts from Nick at Gold Charts “R” Us.

Russia Gold Reserves Up 600,000 Ounces for November

Of course, Russia may have started selling in December, but that’s not precisely what happened either.

Gold Chat Debunks Russia Selling Gold Rumor

Please consider this snip from the December 19 Gold Chat article ZH fail on Soc Gen fail on Russia selling its gold.

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The post Russia Not Selling Gold, It’s Buying; Reflections on Extremely Sloppy Reporting appeared first on Silver For The People.

Thanks to BrotherJohnF

Too big to tax: Settlements are tax write-offs for big banks

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

gata.org / By Lynnley Browning via Newsweek, New York / October 27, 2014

At the Justice Department, senior officials like to congratulate themselves on the headline-making, big-bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American financial crisis since the Great Depression.

But wait a moment. Those settlement figures are not quite what they seem. Buried deep in the announcements of the astronomical sums that Wall Street banks are being forced to pay is a dirty secret: A big chunk of the hundreds of billions of dollars banks have paid in settlements to various federal agencies and regulators since 2010 is deductible from the taxes banks and lenders pay.

When is a fine not a fine? When it can be put against your tax bill. …

… For the remainder of the report:

http://www.newsweek.com/2014/11/07/giant-penalties-are-giant-tax-write-o…

SOURCE

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Thanks to BrotherJohnF

Sony Hackers Make New Demands… This Is What Happens When You Negotiate With Terrorists

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

shtfplan.com / Mac Slavo / December 19th, 2014

Though the U.S. government’s official position is that North Korea is to blame, it’s not clear exactly who has hacked Sony and one could argue that it is nothing more than a propaganda show designed to distract the American public from more important matters like a collapsing global economy, problems in Russia or the fact that our Congress just passed a spending bill padded with all sorts of goodies for banking behemoths.

But it has nonetheless been interesting to observe.

So much so that even the President of the United States has now gotten involved. After Sony reportedly pulled ‘The Interview’ from theater distribution earlier this week in response to threats of a “9/11-style attack” from the hacking collective that calls itself the Guardians of Peace, the President said in a press conference that Sony executives made a mistake.

“I am sympathetic to the concerns that they faced,” Obama said. “Having said all that, yes, I think they made a mistake.”

“I wish they’d spoken to me first [before canceling the release of the film],” Obama said later.

“We cannot have a society in which some dictator someplace can start imposing censorship here in the United States,” Obama said. “If somebody’s able to intimidate folks out of releasing a satirical movie, imagine what they start doing when they see a documentary they don’t like, or news reports they don’t like. Or even worse, imagine if producers and distributors and others start engaging in self-censorship because they don’t want to offend the sensibilities of someone whose sensibilities probably need to be offended.”

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Thanks to BrotherJohnF

ZeroHedge: The Burning Questions For 2015

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

The Burning Questions For 2015

By Louis-Vincent Gave, Gavekal Dragonomics

With two reports a day, and often more, readers sometimes complain that keeping tabs on the thoughts of the various Gavekal analysts can be a challenge. So as the year draws to a close, it may be helpful if we recap the main questions confronting investors and the themes we strongly believe in, region by region.

1. A Chinese Marshall Plan?

When we have conversations with clients about China – which typically we do between two and four times a day – the talk invariably revolves around how much Chinese growth is slowing (a good bit, and quite quickly); how undercapitalized Chinese banks are (a good bit, but fat net interest margins and preferred share issues are solving the problem over time); how much overcapacity there is in real estate (a good bit, but – like youth – this is a problem that time will fix); how much overcapacity there is in steel, shipping, university graduates and corrupt officials; how disruptive China’s adoption of assembly line robots will be etc.

All of these questions are urgent, and the problems that prompted them undeniably real, which means that China’s policymakers certainly have their plates full. But this is where things get interesting: in all our conversations with Western investors, their conclusion seems to be that Beijing will have little choice but to print money aggressively, devalue the renminbi, fiscally stimulate the economy, and basically follow the path trail-blazed (with such success?) by Western policymakers since 2008. However, we would argue that this conclusion represents a failure both to think outside the Western box and to read Beijing’s signal flags.

In numerous reports (and in Chapters 11 to 14 of Too Different For Comfort) we have argued that the internationalization of the renminbi has been one of the most significant macro events of recent years. This internationalization is continuing apace: from next to nothing in 2008, almost a quarter of Chinese trade will settle in renminbi in 2014:

This is an important development which could have a very positive impact on a number of emerging markets. Indeed, a typical, non-oil exporting emerging market policymaker (whether in Turkey, the Philippines, Vietnam, South Korea, Argentina or India) usually has to worry about two things that are completely out of his control:

1)   A spike in the US dollar. Whenever the US currency shoots up, it presents a hurdle for growth in most emerging markets. The first reason is that most trade takes place in US dollars, so a stronger US dollar means companies having to set aside more money for working capital needs. (more…)

via zerohedge

Archaea Capital’s 5 Bad Trades To Avoid Next Year

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / Excerpted from Achaea Capital’s Latter to Investors on 12/19/2014 21:50

Blind faith in policymakers remains a bad trade that’s still widely held. Pressure builds everywhere we look. Not as a consequence of the Fed’s ineptitude (which is a constant in the equation, not a variable), but through the blind faith markets continuing to place bets on the very low probability outcome – that everything will turn out well this time around. And so the pressure keeps rising. Managers are under pressure to perform and missing more targets, levering up on hope. As we wrote last year, bad companies were allowed to push their debt up in order to pay generous shareholder dividends and director packages that are now (in an uninspiring turn of events) higher than their free cash flow. Buybacks are “all-in” at cycle-highs, funded with shareholder money while insiders continue to cash out their own. Individual investors pressured to pick up yield became their debt or equity holders – lured by higher returns, easy-to-use ETFs, and asking no questions. And so, just as Moody’s suggested a year ago would happen (and we presented in last year’s report), high yield spreads have widened all year – in stark contrast to the gains in stocks and one of the most supportive government Bond rallies in history. The default cycle doesn’t appear to be that far off anymore, and not just in U.S. markets. Credit markets have embarked on a new fundamental narrative – bills still need to be paid, and not everyone deserves to sell new paper at the same price. Markets are illiquid, fractured, and in many cases unable to sustain any real test of selling. Meanwhile it’s business as usual at the Fed, where credibility remains intact and market participants blindly expect another magic trick for Equities in the coming year.

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The post Archaea Capital’s 5 Bad Trades To Avoid Next Year appeared first on Silver For The People.

Thanks to BrotherJohnF

ZeroHedge: Gun Violence In America (In 6 Uncomfortable Charts)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

A recent report, The Annual Review of Public Health, summarizes the basic facts of firearm violence, a large and costly public health problem in the United States for which the mortality rate has remained unchanged for more than a decade. It presents findings for the present in light of recent trends. Risk for firearm violence varies substantially across demographic subsets of the population and between states in patterns that are quite different for suicide and homicide. Suicide is far more common than homicide and its rate is increasing; the homicide rate is decreasing. As with other important health problems, most cases of fatal firearm violence arise from large but low-risk subsets of the population; risk and burden of illness are not distributed symmetrically. Compared with other industrialized nations, the United States has uniquely high mortality rates from firearm violence.

SUMMARY POINTS

1. The overall fatality rate from firearm violence has not changed in more than a decade.

2. Suicide is the most common form of fatal firearm violence (64.0% of deaths in 2012) and is increasing. Homicide is decreasing.

 

3. (more…)

via zerohedge

ZeroHedge: Archaea Capital’s 5 Bad Trades To Avoid Next Year

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Excerpted from Achaea Capital's Latter to Investors,

Blind faith in policymakers remains a bad trade that’s still widely held. Pressure builds everywhere we look. Not as a consequence of the Fed’s ineptitude (which is a constant in the equation, not a variable), but through the blind faith markets continuing to place bets on the very low probability outcome – that everything will turn out well this time around. And so the pressure keeps rising. Managers are under pressure to perform and missing more targets, levering up on hope. As we wrote last year, bad companies were allowed to push their debt up in order to pay generous shareholder dividends and director packages that are now (in an uninspiring turn of events) higher than their free cash flow. Buybacks are “all-in” at cycle-highs, funded with shareholder money while insiders continue to cash out their own. Individual investors pressured to pick up yield became their debt or equity holders – lured by higher returns, easy-to-use ETFs, and asking no questions. And so, just as Moody’s suggested a year ago would happen (and we presented in last year’s report), high yield spreads have widened all year – in stark contrast to the gains in stocks and one of the most supportive government Bond rallies in history. The default cycle doesn’t appear to be that far off anymore, and not just in U.S. markets. Credit markets have embarked on a new fundamental narrative – bills still need to be paid, and not everyone deserves to sell new paper at the same price. Markets are illiquid, fractured, and in many cases unable to sustain any real test of selling. Meanwhile it’s business as usual at the Fed, where credibility remains intact and market participants blindly expect another magic trick for Equities in the coming year.

We think 2015 could mark a turning point in the narrative – and for the first time in eight years we’ve begun deploying capital, albeit still conservatively, in areas with the largest potential for significant dislocations—without risking much if we are wrong.

Without further delay we present our slightly unconventional annual list. (more…)

via zerohedge