Silver as an investment

Schiff: The Next Crash Will Bring Down The Fiat Money System

Schiff: The Next Crash Will Bring Down The Fiat Money System

Via SchiffGold.com,

Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.

The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what’s going on.

Their instinct is to sweep it under the rug as no big deal, but I think it really is a harbinger of what’s to come.”

Peter noted that the Fed has been artificially suppressing interest rates, particularly since the 2008 financial crisis.

And by keeping interest rates artificially low, they have created a bubble that’s much bigger than the one that popped in 2008. And what happened this morning is you could see the air coming out of that bubble, because the market is trying to bring interest rates higher because we have no real savings in this country. We have enormous debt. Everybody is levered up to the max — government, the private sector, business, consumers — because rates have been so low, we’ve borrowed so much money. The market wants interest rates to be higher but the Fed doesn’t want that to happen because the road back to normal interest rates is a very bumpy one because it’s going to take us right through another financial crisis. So, the Fed is trying to keep interest rates artificially low and they almost lost control of it this morning. (more…)

ZeroHedge: Trader: “Don’t Give Away Your Crude Gamma Too Cheaply”

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

Trader: “Don’t Give Away Your Crude Gamma Too Cheaply”

Authored by Kevin Muir via The Macro Tourist blog,

First of all, let me address the elephant in the room. I apologize for the lack of posts over the past few months. For the many who sent kind notes letting me know how much they enjoy the letter and hoping they will resume, I thank you. For those who have complained, I remind them that unsatisfied customers are entitled to full refund and to contact your MacroTourist national sales desk representative. But before you ask for your nil cheque, please be assured that I intend to return to my regular writing schedule and hopefully you will be more satisfied going forward.

Now, onto the fun market stuff!

I had planned to write about a boring economic topic, but with this weekend’s attack on Saudi Arabian energy assets, I interrupt regularly scheduled programming to address the topic on everyone’s lips.

No need to rehash the news. By now everyone is aware of the details.

The development definitely caught the market flat-footed. Brent crude (which is more vulnerable to Saudi production shortfalls) gapped up almost $12 Sunday night.

(more…)

via zerohedge

In the WeWork IPO, the Money Trails End Up at JPMorgan’s Doorstep

In the WeWork IPO, the Money Trails End Up at JPMorgan’s Doorstep

By Pam Martens and Russ Martens: September 16, 2019 ~ According to the amended prospectus filed with the Securities and Exchange Commission to alert the public to the thousands of warts with malignant possibilities sprouting out of the office rental company, WeWork, which plans to offer its shares to the public for the first time, JPMorgan Chase will receive something no other underwriter is getting in this deal: a cool $50 million extra as a “structuring fee.” On top of that, of course, the bank will also get the fat underwriting fees that the other banks involved in the IPO get. That’s just one of the many curious ways that JPMorgan Chase stands out in its relationship with WeWork. (The parent of WeWork, The We Company, is actually offering the shares to the public.) As it turns out, quite a few of JPMorgan Chase’s commercial real estate clients who have … Continue reading

Marc Faber : Millennials Are Doomed

Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

World renown author and forecaster Marc Faber's [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:

Millennials Never saw The American Prosperity .
In his Monthly Market Commentary dated on September 1, 2019 ,Doctor Marc Faber wrote quote :

Sydney Williams writes about a new book, The Pioneers by David McCulloch, which follows several families that founded in 1784 the “the Ohio Company of…

[[ This is a content summary Only. Please Visit http://www.marcfabernews.com or the other Marc Faber Blog http://faber-blog.blogspot.com for the full story, >>>>]]

The Middle East War Begins: Netanyahu Warns There Is “No Other Choice But To Embark On A Wide Scale Campaign In Gaza”

With elections looming on Tuesday, Israeli Prime Minister Benjamin Netanyahu is warning that Israel has “no other choice” other than to invade Gaza in order to overthrow the Hamas regime in power there.  In fact, the Jerusalem Post is reporting that on Friday Netanyahu said that war “could happen at any moment”.  The Prime Minister and other Israeli officials are sick and tired of rockets being constantly fired into Israel, and they have come to the conclusion that a peaceful resolution with Hamas is simply not possible.  Here in the United States many on the left will criticize Israel for taking military action, but how long would any U.S. president wait before taking military action against a terror group that was firing missiles at us?  The truth is that Israel has been exceedingly patient with the situation in Gaza, but now the time for patience has run out.

In recent days, Netanyahu has made it exceedingly clear what is about to happen.  Here is one example from the Jerusalem Post

Prime Minister Benjamin Netanyahu warned on Thursday that Israel may have no choice but to embark on a military operation in Gaza to overthrow Hamas.

“It looks like there will be no other choice but to embark on a wide scale campaign in Gaza,” Netanyahu said in an interview with Kan Reshet Bet Radio shortly before he boarded a flight to Moscow where he is expected to meet with Russian President Vladimir Putin.

And here is another quote where he essentially says the exact same thing

“There probably won’t be a choice but to topple the Hamas regime. Hamas doesn’t exert its sovereignty in the Strip and doesn’t prevent attacks,” he said. “We have a situation in which a terror group that launches rockets has taken over, and doesn’t rein in rogue factions even when it wants to.”

Netanyahu’s comments also came two days after a campaign rally in the southern city of Ashdod was interrupted by incoming rocket sirens after rockets were fired from the Hamas-run Gaza Strip.

I am not sure how Netanyahu could be any clearer.  Here is a third example

“I do not wage war unless it is a last resort and I don’t risk the lives of our soldiers and citizens just to get applause,” Netanyahu said in an interview with Kan Reshet Bet Radio. “We will probably have no choice but to set out on a big campaign, a war against the terror forces in Gaza.”

“I won’t start it one minute before we are ready, and we are preparing for a `different war’,” he added, shortly before flying to Russia for a meeting with President Vladimir Putin.

Israeli Prime Minister Benjamin Netanyahu always chooses his words very carefully.  He is a gifted communicator, and we have never seen him talk quite like this before.

In the past, Israel has responded to rocket attacks from Gaza by conducting targeted airstrikes, and this is something that we witnessed yet again on Wednesday

Early Wednesday, Israeli jets launched air strikes on 15 targets belonging to the Hamas terror group, which rules the Gaza Strip, in response to the rockets fired at Ashdod and Ashkelon, which were intercepted by the Iron Dome air defense system, according to the IDF.

But it has become clear that airstrikes will never be enough to permanently stop the rocket attacks, and so the Israeli government is preparing to initiate a major ground operation inside Gaza.

Of course this could potentially spark a much wider regional war.  Israel and Hezbollah have literally been on the brink of war for months, and so if a major conflict erupts it is easy to envision Hezbollah jumping in to aid their allies in the south.

Right now, Hezbollah has approximately 150,000 missiles pointed at Israel, and their troops are battle-hardened after fighting for many years in Syria.

And if Israel and Hezbollah go to war, there is a very strong possibility that Iran could get involved as well.

Basically we are just a hop, skip and jump away from a cataclysmic war in the Middle East, and this is one of the reasons why Israel has shown so much restraint.

But at some point action must be taken.  No nation is going to allow terrorist organizations to keep firing rockets at their citizens indefinitely, and the Israeli government has had enough.

As IDF Chief of Staff Lt. Gen. Aviv Kochavi recently stated, there is “a moral obligation to defend the nation’s citizens against the armies of terrorism that surround them”…

“The changes in the enemy demand that the IDF make changes and adjust its forces and methods of warfare, so urban areas cannot shield the enemy. The firepower the enemy will encounter in the next war will be unprecedented, and a country that allows terrorism to entrench itself in its territory will be seen as responsible for it, and suffer the consequences,” Kochavi warned.

“The IDF has a moral obligation to defend the nation’s citizens against the armies of terrorism that surround them. When the Israeli homefront is under threat by thousands of missiles and rockets, we won’t hesitate to strike a massive blow to eradicate those threats. We will attack and preserve our values, but a main tenet of those values is the need to protect our citizens,” he said.

Personally, I doubt that the Israeli military operation will happen before the election on Tuesday, but I could be wrong.

And let us also hope that it can be postponed until after the upcoming Jewish holidays.

But it is coming, and once Israeli tanks roll into Gaza everything will change.  Global events are about to accelerate significantly, and so many of the things that we have been watching for are about to happen.

Both sides have been preparing for this war for a very long time, and the death and destruction will be immense.

Things are eerily quiet for the moment, but the fighting will soon commence, and when it does this will become the biggest news story on the entire planet.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post The Middle East War Begins: Netanyahu Warns There Is “No Other Choice But To Embark On A Wide Scale Campaign In Gaza” appeared first on The Economic Collapse.

Bernie Sanders Says in Last Night’s Debate that Richest 3 Americans Own More Wealth than Bottom 160 Million Americans. It’s Actually Worse than That.

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

Bernie Sanders Says in Last Night’s Debate that Richest 3 Americans Own More Wealth than Bottom 160 Million Americans. It’s Actually Worse than That.

By Pam Martens and Russ Martens: September 13, 2019 ~  During last evening’s Democratic debate, Senator Bernie Sanders said this: “You’ve got three people in America owning more wealth than the bottom half of this country.” According to Politifact, Sanders is basing this claim on a 2017 study done by the Institute for Policy Studies which put the richest three Americans’ wealth as follows (based on the Forbes list of billionaires at that time): Bill Gates of Microsoft with $89 billion; Jeff Bezos of Amazon with $81.5 billion; and Warren Buffett of Berkshire Hathaway with $78 billion — for a total of $248.5 billion. That wealth figure contrasts with the $245 billion owned by the bottom 50 percent of Americans according to the 2016 Survey of Consumer Finances conducted by the Federal Reserve. (The Fed’s survey is conducted every three years and the 2019 study has not yet been released.) But … Continue reading

ZeroHedge: Suicide Rates In Rural America Jump, Nearly Half A Million Dead

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

Suicide Rates In Rural America Jump, Nearly Half A Million Dead

A new study published last week sounds the alarm on a suicide crisis that is crushing rural America. 

From 1999 to 2016, the suicide rate of Americans ages 25 to 64 jumped 41%, researchers noted in JAMA Network Open. The study found Americans living in rural communities had a 25% higher probability of taking their own life than those in cities. 

The study, Contextual Factors Associated With County-Level Suicide Rates in the United States, 1999 to 2016was led by Danielle Steelesmith, a postdoctoral fellow at Ohio State University’s Wexner Medical Center, said suicide rates have been increasing in rural America thanks to increasing poverty, low incomes, farming bust, deindustrialization, and vast amounts of underemployment. 

“Those factors are really bad in rural areas,” said Steelesmith.

Steelesmith said from 1999 to 2016, there were 453,577 suicides among Americans ages 25 to 64, with the most significant amount occurring after 2010 through 2016. About 350,000 of the deaths were male, and many were middle-aged adults. 

The highest observed suicide rates were in the West, including in Colorado, New Mexico, Utah, and Wyoming; Appalachia, including counties in Kentucky, Virginia, West Virginia; and the Ozarks, including counties in Arkansas and Missouri.

“Long-term and persistent poverty appears to be more entrenched and economic opportunities more constrained in rural areas. Greater social isolation, challenges related to transportation and interpersonal communication, and associated difficulties accessing health and mental health services likely contribute to the disproportionate association of deprivation with suicide in rural counties,” Steelesmith said.

The study’s social fragmentation index includes levels of single-person households, unmarried residents, and resident impermanence. (more…)

via zerohedge

Is Corporate Media Tricking the Public with Reports that the Stock Market Is Setting New Highs?

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

Is Corporate Media Tricking the Public with Reports that the Stock Market Is Setting New Highs?

By Pam Martens and Russ Martens: September 9, 2019 ~ On January 26, 2018 the Dow Jones Industrial Average set a new record high of 26,616.71. Despite setting new highs multiple times thereafter, the moves were so negligible on a percentage basis that the reality is that the stock market has been a real dog over the past year and a half. This past Friday, the Dow closed at 26,797.46. That’s a meager 180.75 points, or less than a one percent move, in 19 months. That’s not exactly the stuff that retirement dreams are built on. But if you’re a typical American who has to rely on headlines or TV sound bites to tell you what’s going on in the market because you’re too busy working long hours, running the kids to dentist appointments and soccer games, doing grocery shopping and laundry on the weekends, then you may have been … Continue reading

Marc Faber : We Are Already in a Recession

Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

World renown author and forecaster Marc Faber's [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:

In a recent interview, Legendary contrarian investor Dr. Marc Faber warned that the huge asset bubble will be Deflated and we are already in a recession, saying, “Forget about the coming slowdown because the economy has already been backing up for months and we’re likely already in a recession.”

[[ This is a content summary Only. Please Visit http://www.marcfabernews.com or the other Marc Faber Blog http://faber-blog.blogspot.com for the full story, >>>>]]

Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives

Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives

By Pam Martens and Russ Martens: September 6, 2019 ~ Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined in these risks. Three years ago we reported on President Obama’s press conference of March 7, 2016 where Obama overtly misled the American people about how Wall Street banks were complying with the 2010 Dodd-Frank financial reform legislation that mandated that the banks’ trillions of dollars in dangerous derivatives be centrally cleared rather than traded as opaque private contracts between two counterparties. President Obama stated during this press conference that “you have clearinghouses that account for the vast majority of trades taking place.” That wasn’t … Continue reading