Category Archives: Double Eagle Headlines

Financial headlines of the day.

August 21, 2015: The Total Eclipse…

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Gold Coins Have Been South Africa’s Best Investment For 50 Years
In the 50 years since the first Krugerrand was minted in South Africa, the gold coins have turned out to be one of the best investments in the country… (Continue to full article)

Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk
We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.” – Lord Jacob Rothschild (Continue to full article)

‘There Is No Cure for this Disease…’
In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce. The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars – as undervalued – rather than gold; for this reason, and because of fears regarding… (Continue to full article)

Debt, Dollars, DOW, War, Silver, and Shirts
Yes, they are connected. Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly. Commercial banks and central banks have created trillions of new dollars. Each new dollar devalues every other dollar currently in circulation,… (Continue to full article)

Investment Advice in Four Words: Have Patience, Avoid Bubbles
A relations manager for Ted Thomas reached out last week and asked: “What is your most valuable advice to people who are beginner investors so that they can get great results in the long term?” The answer form had no formatting options. Here is a detailed response, with links. Have Patience, Avoid Bubbles. The TINA theory (there is no alternative other… (Continue to full article)

A Midsummer Night’s Dream: Buy Precious Metals
Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity… (Continue to full article)

Our Deceased Monetary Bloodstream
The history of the dollar boasts two Waterloo’s. The first one was in 1933. That year marks the default of the U.S. government on its domestic gold obligations, accompanied by the confiscation of the people’s gold by F.D. Roosevelt. He appealed to patriotism saying that in complying with his Executive Order people were saving the country from economic… Continue to full article

The Insecurity Of Social Security
According to the June 2017 snapshot from the Social Security Administration, nearly 61.5 million people were receiving a monthly benefit check, of which 68.2% were retired workers. Of these 41.9 million retirees, more than 60% count on their Social Security to be a primary source of income. Of course, that dependency ratio is directly tied to financial insolvency of the vast majority of Americans.. (Continue to full article)

When The Grid Goes Down…
Let’s just say that the unthinkable becomes the real and happening. Let’s take this article and go over it. This will be a segment in three parts, the next ones being immediate actions taken at work and at home. I’m hitting on traveling first, as there are so many vacationers jaunting around happily over the landscape. All kidding aside, traffic is congested during the summer, extending traveling time on the commutes. Let’s game the scenario, and here it is… (Continue to full article)

The Greenback – 1860 to 1880 – The United States of America
In spite of a constitutional bar to un-backed paper money which existed at the time Abraham Lincoln was forced, in 1862, to issue the first tranche of what was eventually $450,000,000 of “greenbacks” needed to finance the North’s efforts during the civil war. The greenback was a credit note. Unlike America’s extant currency it conferred no right of redemption into gold. What it did do was offer a promise that at some unspecified future date the issuer – Lincoln’s government – would honour them with conversion back into a truly gold convertible currency. Clearly this was an unfunded promise based on the outcome of the war, a fact which was not lost on the population… (Continue to full article)

Life, Liberty & All That Jazz is aired at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

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Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Dateline: August 15, 2017

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Margin Debt Sets New Peaks: Warning Sign
According to the latest data from the New York Stock Exchange, margin debt has hit new peaks four times this year, starting with a new record of $513 billion in January; $528 billion in February; $536.9 billion in March; and reaching a whopping $549 billion in April. The most recent reading for June shows a decline to $539 billion – but that is still an increase of 64 percent from the margin level of January 2008, the year of the epic financial crash on Wall Street.

Spiraling margin debt, where investors pledge securities at their brokerage firm to obtain a loan, typically to buy more securities, is frequently associated with stock market crashes… (Continue to full article)

JC Penney Becomes a Penny Stock
But JC Penney is not alone. Other mall anchor tenants such as Sears and Macy’s have plummeted over the past two years as Amazon’s on-line grip takes further hold. I included car rental giant Hertz (blue line) for comparison. They are all a pale image of their former selves in terms of earnings and stock price. A Penney for your thoughts??? (Continue to full article)

LIBOR Is a Fictitious Fraud and What That Means
The casual news reader will see the term “LIBOR” and assume this is just a postgame wrapup to the LIBOR scandal of a few years back, in which may of the world’s biggest banks were caught manipulating interest rates. It isn’t. This is a new story, featuring twin bombshells from a leading regulator – one about our past, the other our future. To wit… (Continue to full article)

Another Wells Fargo Customer Abuse Scandal Coming
Once again… circle the wagons and defend yourselves – the boys in the black hats are coming for your pocket-books… (Continue to full article)

We’ll Meet Again

“Many people think of our times as being the last before the end of the world. The evidence of horror all around us makes this seem possible.

But isn’t that an idea of only minor importance? Doesn’t every human being, no matter which era he lives in, always have to reckon with being accountable to God at any moment? Can I know whether I’ll be alive tomorrow morning?

A bomb could destroy all of us tonight. And then my guilt would not be one bit less than if I perished together with the earth and the stars.” ~ Sophie Scholl, Munich, 1942

Gold Set To Rise While Debt-Based Assets Collapse
I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article.Now, if those similarities continue, then the Dow will continue much higher from this point on, while gold will go into a long-term… (Continue to full article)

British Treasure Hunters Discover Nazi Shipwreck Loaded With Gold Worth £100 Million
SS Minden set sail from Banco Germanico in Brazil to Germany, when it sank 120 miles southeast of Iceland on September 24, 1939, shortly after World War II began. When word got to Fuhrer Adolf Hitler that two British cruisers had spotted the ship carrying the treasure, he ordered the captain of the SS Minden to sink the ship in order to avoid the British seizing the precious metal… (Continue to full article)

Cryptocurrencies – The Next Level of Power and Control Developed by The NSA
In November 2013 we learned that bitcoin was built on technology the NSA had developed. The original source was deleted from an interview conducted that month and, unfortunately, is now lost to history – it doesn’t change the facts. Now we learn that information was 100% spot on correct. The NSA developed blockchain technology and released the information in a white paper that has been uncovered by Ken Schortgen, Jr., The Daily Economist. This confirms what has been reported by very few people… Continue to full article

The Risk That’s Growing Once Again in the Housing Market
Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically home prices, falter yet again. When home prices crashed in the last decade, millions of borrowers fell underwater on their home loans, prompting a foreclosure crisis of epic proportions. It all begs the question, could it happen again?… (Continue to full article)

Should Gold Be Legal Tender? Behind the Push to Revive an Ancient Standard
By the end of the year, Texas plans to open the nation’s first state-supervised gold and silver depository, allowing ordinary Texans, as well as businesses, banks and others, to store their precious… (Continue to full article)

A Direct Comparison Between Gold, Silver, Platinum and Copper
Here’s an updated analysis of physical gold, silver, platinum and copper regarding their respective versatility of use, durability, fungibility, store of value, liquidity and aesthetics… (Continue to full article)

Used Car Prices Crash To Lowest Level Since 2009 Amid Glut Of Off-Lease Supply
The U.S. auto market is at an interesting crossroads with used car prices crashing to new lows every month while new car prices continue to defy gravity courtesy of a somewhat ‘frothy’, if not suicidal, lending market that has seemingly decided that anyone with a pulse is financially qualified for a $0 down, 0% interest, 80 month loan on a brand new $40,000 luxury vehicle of their choice… (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Dateline: August 10, 2017

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Consumers Are Being Gouged On Credit Card Debt
The 14 percent average rate blurs the fact that many consumers are being charged in excess of 20 percent on their credit cards. In a Town Hall speech in New York City on January 5, 2016, Senator Bernie Sanders had this to say about needed reforms to rein in Wall Street abuses… (Continue to full article)

The Private Digital Currency Bubble Keeps Growing
The cautionary words of American regulators have done little to chill a red-hot market for new virtual currencies sold by start-ups. The Securities and Exchange Commission late last month issued its first warning for the many entrepreneurs who have been raising money by creating and selling their own virtual currencies in what are called initial coin offerings… (Continue to full article)

7 billionaires are worried about a stock-market correction
Jeff Gundlach, Carl Icahn, Howard Marks, Warren Buffett, George Soros, David Tepper and Paul Singer… (Continue to full article)

A Flat Tax Is Not More “Efficient” Than a Tax System with Loopholes
If we want taxpayers to be more efficient, we should be giving them more tax loopholes. Closing loopholes has the opposite effect… (Continue to full article)

Gold is the Answer to Economic Woes
What’s an individual investor to do to make sure that his investments will not be completely wiped out in the coming financial Armageddon? Gold is the answer… (Continue to full article)

Why You Should Own Some Silver – As Well As Gold
Silver is extremely volatile and tends to rise or fall in spurts so I’d like to focus on its attributes as gold-silver compared to gold, make a case for holding some, and discuss some ultimate price possibilities… (Continue to full article)

How High Will Silver Prices Go? $100, $300, $500?
Silver prices have risen exponentially for the past 90 years as the dollar has been consistently devalued. Expect continued silver price rises…… (Continue to full article)

5 Red Flags of Imminent Economic Collapse
These 5 red flags will give you anywhere from a few days to a few months of warning that things are about to change drastically…and well before those around you grasp the full extent of what is going on. This is hopefully a scenario that never happens as this will truly be the end of the world as you knew it… (Continue to full article)

Silver Investment: Outperformed Gold In This Major Sector
Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower… (Continue to full article)

This $5 Trillion Time Bomb Will Devastate Americans
In a recent poll, 47% of people in Illinois said they want to leave the state. Over the last decade, more than half a million people have done just that. This is the largest outflow of people from any state in the country. The people who leave are generally better educated, more skilled, and earn more money than those who stay. Entire towns of affluent Illinois refugees have sprouted up in Florida, Arizona, and other states. Illinois is bleeding productive people… (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Loose End Chronicles: August 8, 2017

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Corporate Media Mourns the Loss of the TPP
If other countries remove barriers between them, this could make some of their goods better positioned relative to U.S. exports, but it can also lead to more rapid growth in these countries, which will increase demand for U.S. exports… (Continue to full article)

The Volcker Rule and the London Whale
In the end, the London Whale disaster reflected the mis-marking of generic Index CDS trades, which then-CFO Doug Braunstein ignored. The problem was not complex risk modeling or market risk measurement. The quants tried to re-jigger VaR measurement of the trades, to avoid breaching risk limits… (Continue to full article)

Federal Bank Regulator Drops a Bombshell as Corporate Media Snoozes
Last Monday, Thomas Hoenig, the Vice Chairman of the Federal Deposit Insurance Corporation (FDIC), sent a stunning letter to the Chair and Ranking Member of the U.S. Senate Banking Committee. The letter contained information that should have become front page news at every business wire service and the leading business newspapers. But… (Continue to full article)

No Recovery, The Great Recession Continues
The dramatic nature of the current output trend (post-2007) departure from the past historical trend is highlighted by the fact that pre-crisis models for forecasting growth have produced massive misses compared to actual outrun and that over time, as new trend establishes more firmly in the data, the models are slowly catching up with the reality… (Continue to full article)

State and Local Pension Funds Big Miss On Returns
…then we have the underfunded pension funds of American, both private and public. Public pension funds earned a dismal 0.6% in 2016t… (Continue to full article)

Utah Mayor Suffers “Shocking Experience” After Going Undercover As Homeless Man
Back in March, just days before he was due by state law to select a third site for a new homeless resource center – a decision he knew would anger thousands of his constituents, regardless of his choice – McAdams left work on a Friday with no money or ID and walked to Salt Lake City’s most troubled neighborhood… (Continue to full article)

Should you sell all of your gold and silver to go “All-In” on Bitcoin and Ethereum?
Like gold and silver, crypto-currencies offer a store of value, anonymity, and portability across borders – or do they… (Continue to full article)

The Crime Against Silver
The Republican Party was against Free Silver, the party’s position being that the best way to national prosperity was “sound money.” Republicans favored a continued strong dollar, which rewarded savers and creditors… (Continue to full article)

August 8, 1893: The Repeal of the Silver Act
This law provides that in payment for the 4,500,000 ounces of silver bullion which the Secretary of the Treasury is commanded to purchase monthly there shall be issued Treasury notes redeemable on demand in gold or silver coin, at the discretion of the Secretary of the Treasury, and that said notes may be reissued. It is, however, declared in the act to be… (Continue to full article)

Silver Prices – The Rise and Fall of the Specs With No Clothes
The mainstream financial media, as well as some retail investors, have awakened to the surge in the price of silver, relative to just about everything else in 2016… (Continue to full article)

Life, Liberty & All That Jazz is on the air LIVE at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

They Won’t Be Able To Pay You

“Anybody With A Pension, IRA, 401k… Any Wealth Held Inside Of The System”

Will Get Creamed

When you look at how much debt and future obligations are clinging to our financial system, it’s difficult to comprehend how it has lasted this long without imploding. Unfortunately, the inevitable collapse can’t be avoided for much longer, and it might be coming sooner than you think. Continue reading

Loose End Chronicles: July 15, 2017

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The Gold Price is FAKE News
Lethargic summer markets tend to instill a sense of false security. Stocks and property are near all-time highs, interest rates are at 72 year lows and most investors feel richer than ever. Central banks signal strong economies with indications of higher interest rates and tapering of their balance sheets. As I discussed last… (Continue to full article)

National Debt Too High, Silver Price Too Low
Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion. Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic. WHY? Examine over a century of official national debt data… (Continue to full article)

Two Scenarios in Gold — One Very Bullish, the Other Moderately Bearish
We’ve been using an 1194.40 correction target for a while, but today’s chart, a continuous daily, shows a bigger picture that is intended to ward off despair. First the bad news. The red abc pattern projects to as low as 1100.60, a $116 drop from these levels. That is my worst-case scenario for the next 8-10 weeks, and the odds of this target being… (Continue to full article)

Stocks Are Now at 1999 Bubble Levels (Guess What’s Next)
Remember the 2007 Bubble? Remember how everyone said that it really wasn’t that big of a bubble because stocks weren’t as expensive as they had been during the previous bubble (the Tech Bubble).We all remember how that turned out: the bubble burst leading to the greatest financial crisis in 80 years.Well, today’s bubble is WAY larger than that of… (Continue to full article)

The Metal of Hope
In history gold alone has been the money of Kings. However, throughout most of recorded time there has been a metal far more important to the average man than gold. In the ancient of days it was silver alone that could provide the means for a slave to save and eventually purchase his freedom which is why silver became referred to as the Metal of Hope… (Continue to full article)

Cryptocurrencies vs. Bullion
Bitcoin and ethereum. By now, at least one of these nameswill be familiar to readers. These are “crypto-currencies”.What is a crypto-currency? In general terms, acrypto-currency is a digital currency where the value/exchange rate of thatcurrency is the product of a complex mathematical formula.Proponents of these crypto-currencies are adamant that… (Continue to full article)

Bitcoin’s acceptance among retailers is low and getting lower
Retailers were already skeptical about letting customers pay with bitcoin before the cryptocurrency’s price underwent an astronomical rally this year. That rapid surge hasn’t made them any more accepting. In fact, it may have done the opposite… (Continue to full article)

A Tale Of Two Gold Markets
In the early morning hours of Monday, June 26, gold fell about 1%, from $1,254 per ounce to $1,242 per ounce, in a matter of seconds. And that the equivalent of 1.8 million ounces of gold were sold at once. The 1.8 million ounce amount is equivalent to about 59 metric tons of gold. That’s about 2% of the entire gold mining production of the world for a full year. No one sells that amount of physical gold… (Continue to full article)

A decade after Great Recession, 1 in 3 Americans still haven’t recovered
No s#*t Sherlock! One in 3 people say they have yet to, or never will, recover financially from the 2007 recession, according to a new report from Country Financial. Women, African-Americans and low-income people have taken the hardest hit, with 25 percent of women, 26 percent of African-Americans and 37 percent of those earning less than $30,000 per year saying they would not be able to pay their bills within one month of being unemployed… (Continue to full article)

Gold is Watching
Gold is watching and waiting, moving down on deflation fears and then up again on the view that the Fed will have to reverse course once the economy cools down. My models show that bonds, Bill Gross and gold have it right and that stocks are heading for a fall… (Continue to full article)

Is This The Generation That Is Going To Financially Destroy America?
Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. So when you are talking about 4 trillion dollars you are talking about a huge chunk of our economy. But of course the federal government doesn’t bring in 4 trillion dollars a year. At the beginning of Barack Obama’s first term, we were 10.6 trillion dollars in debt, and now we are nearly 20 trillion dollars in debt… (Continue to full article)

Should you save for retirement or pay off credit card debt?
Should you save for retirement or pay off credit card debt? If you’re carrying a card balance, you mayretirement 1 be wrestling with whether to put all your resources into attacking the debt, or start building your retirement nest egg while you slowly pay off debt. To figure out which scenario is better in a given situation, we’ve done the math for you… (Continue to full article)

Jazz Club : Classic Jazz Masterpieces

An absolutely superb and sublime collection of classic Jazz music. Sit back and chill out.

Life, Liberty & All That Jazz is on the air LIVE at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Zimbabwe 2.0: South Africa President Proposes Land “Expropriation Without Compensation

Publisher’s NOTE: Back in June of 1995, when I first met Robby Noel – this was the story which he kept hammering home to our broadcast audience. Rhodesia – now known as Zimbabwe was the mirror, which one day would become the United States. South Africa has come before us…

There are those of you who will still not see it. Oh no – not HERE. We are too advanced and refined for this to ever happen in America.” Wake up and smell the coffee my friends…

As to the well-being of my old friend, I fear the worst. It has been far too many months since I have been able to reach him. ~ J.B.

With every passing day the formerly booming nation of South Africa is getting ever closer to the formerly banana republic of Zimbabwe.

On Wednesday, South Africa’s ruling African National Congress proposed at its 5th annual national policy conference that in addition to potentially nationalizing the country’s central bank, that land expropriation without compensation should be allowed where it is “necessary and unavoidable,” President Jacob Zuma said. Continue reading

July 5, 2017: The Overnight…

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Not a ‘total shock’ if stocks plummet 25% and gold soars 50% by October
The U.S. economy is nowhere near as strong as the prevailing view on Wall Street leads investors to believe. That means a painful stock-market correction could hit as soon as October, according to libertarian firebrand Ron Paul, the medical doctor, former Republican congressman and repeat presidential candidate… (Continue to full article)

Silver and the Great Future of Mexico
Today, our world is deprived of real money, and I think this is a very real tragedy. However, I also think that this situation will have to reverse itself, and for this reason I have devoted recent years to the promotion of a silver coin as money in parallel with paper substitutes, through a simple measure adapted to present conditions” – Hugo Salinas Price (Continue to full article)

Gold is Watching
Gold is watching and waiting, moving down on deflation fears and then up again on the view that the Fed will have to reverse course once the economy cools down. My models show that bonds, Bill Gross and gold have it right and that stocks are heading for a fall… (Continue to full article)

Is Cash No Longer King? The Future of Paper Money
On June 27, the ATM turned 50. Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking,” but today, the cash that ATMs dispense may be on the… (Continue to full article)

Gold and Rare Coins as Valuable Diversification Vehicles
Investment advisors often speak of “negative correlation.” In practical terms, that means that a well-protected portfolio must contain investments that “zig” while the global stock markets “zag.” You don’t want all of your investments going down at once, right? Most investors suffered that fate in 2008 and 2009, when all three leading asset classes (stocks, bonds and cash for income) fell at once. That’s why investors need gold to lift a portion of their net worth higher, even while all of their other investments may sink in unison… (Continue to full article)

Why Wall Street Should Be Viewed as a Major National Threat
The day before the 4th of July, when most Americans were hustling about preparing for family barbecues, the New York Times finally decided to publish an editorial warning about Wall Street’s potential threat to the nation. Unfortunately, it did so with the kind of timidity we see regularly from cowed or compromised Wall Street banking regulators… (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Independence Day 2017

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They’re Not Afraid Of Collapsing The Bubble On Trump’s Watch
Investors have been predicting the collapse of the American economy for a long time, and for good reason. If an economy is built on a foundation of borrowed money, then that economy is living on borrowed time. However, despite how fundamentally unsustainable our financial system is, it has somehow defied all expectations. It has gone… (Continue to full article)

The Real Bunker Hunt Silver Story
I’m doing the same thing you are, Bill, only buying more of it” – Bunker Hunt, Waldorf, 1981 There had been an FBI file on the Armand & Julius Hammers on theFBI FOIA site, but has since been removed. As many will recall it was Julius who financed (with gold)Lenin’s rise to power in Russia. Julius was a founder of the American communist Party … (Continue to full article)

Understanding money and prices
The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for U.S. citizens to store their gold in the hopes that it will be outside the reach of the U.S. Federal Reserve… (Continue to full article)

Gold’s future confiscation is a growing reality
The Fed concludes its June meeting today. The Fed fund futures markets put the odds of the Fed hiking rates again at 99.6%.This would mark the third rate hike by the Fed during this cycle.Why would this matter?Because it indicates the Fed is embarked on a serious tightening cycle. One rate hike can be a fluke. Two rate hikes could even be just policy… (Continue to full article)

Stock Markets Hyper-Risky
The US stock markets have enjoyed an extraordinary surge this year, shattering all kinds of records. It’s been fueled by hopes for big tax cuts soon from Trump’s Republican government. But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bull-slaying extremes. This has left today’s… (Continue to full article)

Another Major, Near-Term Reason To Own Precious…
When I discuss economic data, I leave no stone un-turned in my quest to not only state facts, but the proper context. And when it comes to today’s 1,000% rigged economic data, financial markets, and mainstream media, it is not only the truth that matters… (Continue to full article)

Healthcare Bill, IMF and Gold
This week, the U.S. Senate delayed the vote on the healthcare bill. What does it mean for the gold market?On Tuesday, Republicans were forced to delay the Senate’s vote on the replacement for Obamacare. The vote was postponed to after the Fourth of July recess, as it turned out that it lacked support. The Congressional Budget Office’s estimation that… (Continue to full article)

Pensions Timebomb In America – “National Crisis…
For many states and municipalities, exposure to unfunded pension liabilities is already at or near all-time highs. Since cost burdens are already expected to further increase, pension fund investment performance is critical for the credit quality of many governments… (Continue to full article)

How Much Gold Should Someone Own? Where and How…
Periodically I receive questions on gold ownership. How much should one own, and where?Let’s start with the first question:How Much Gold Should Someone Own?There is no fixed answer, but rather a general methodology that I like:Do not invest outside your comfort zone. Think in terms of percentages, not fixed amounts.For some, 10% is too much,… (Continue to full article)

Infographic – The Best Reasons To Own Gold
RESEARCH AND ANALYSIS: The most simple and compelling argument for owning gold for the average investor is to diversify a portfolio. So says this latest infographic in the Gold Series, which also highlights other classic reasons put forward for owning a little yellow metal… (Continue to full article)

Gold Or Bitcoin? Gold AND Bitcoin
“Gold or Bitcoin?” seems to be an idea, a meme, that is rising to the surface now. People sense that the world’s banking systems are at risk, and are thinking about alternatives. Some people think that the boom in unoccupied, foreign-owned apartments in major cities worldwide is driven by the same urge to own assets outside of banks’… (Continue to full article)

Gold, Banking Collapse, Cryptocurrencies
“We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system,” – Fed Chairman, Ben Bernanke – May 17, 2007. “You know probably that would be going too far but I do think we’re… (Continue to full article)

Johnny Hartman, ‘Nobody’s Home

Singer Johnny Hartman was born on July 3, 1923 in Houma, Louisiana.

Hartman studied under the renowned Walter Dyett at Chicago’s DuSable High School.

He went solo in 1950 after brief stints with Earl Hines, Dizzy Gillespie, and Errol Garner. The balladeer achieved major success after collaborating with jazz titan John Coltrane on 1963’s John Coltrane and Johnny Hartman.

Hartman’s newfound success led to a series of 1960s LPs on the Impulse! label.

Here he is performing with the Loonis McGlohon Trio.

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Pension Funds Need Gold before It’s Too Late

Tens of millions of Americans and their employers pour money into pension plans each month, counting on those funds to grow and to be there when needed at retirement.

But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have bleak prospects for providing income that keeps up with a general decline in purchasing power. Continue reading

Dateline: June 17-18, 2017

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Will Gold Reach $2.6 MILLION or Just $150,000

Last week, we were again reminded of the global instability and disequilibrium. In the UK, the conservative Prime Minister Theresa May decided 9 weeks ago to call an election. This was done due to the conservatives being 20 percentage points ahead of their Labour rivals in the opinion polls which would have led to a strong backing for the Brexit negotiations… (Continue to full article)

Is there gold “hype” and is gold an emotional trade?
Very little hype in gold– Sentiment is important in the gold market as is other markets particularly stocks– Article ignores the large body of research showing gold is safe haven asset– Gold may struggle to breach $1,300 in short term– Trading gold and short term speculation is high risk and for professionals– Important for investors to focus… (Continue to full article)

Retail Sales Dive (And It’s Not Just Autos)
Retail sales took a 0.3 percent dive in May vs an Econoday expectation of a 0.1 percent rise.Weakness was across the board. It must be transitory because the Fed hikes this afternoon.Consumer spending was unusually weak in the first quarter and doesn’t look to be improving this quarter. Retail sales fell 0.3 percent in May vs Econoday’s consensus… (Continue to full article)

When the Fed Tightens, It Leads to Financial “Events”
The Fed concludes its June meeting today. The Fed fund futures markets put the odds of the Fed hiking rates again at 99.6%.This would mark the third rate hike by the Fed during this cycle.Why would this matter?Because it indicates the Fed is embarked on a serious tightening cycle. One rate hike can be a fluke. Two rate hikes could even be just policy… (Continue to full article)

Inside the New York Fed’s Gold Vault
National Geographic goes to 33 Liberty Street in New York City to visit the Federal Reserve’s gold vault, home to about one-quarter of the world’s gold. Beginning at about the 3 minute mark, you get to see what one tonne of gold looks like, another reminder of just how dense the metal is.About half-way through this segment, they visit the New York… (Continue to full article)

The strange secret history of Operation Goldfinger
An excerpt published in The New Yorker magazine from James Ledbetter’s new book, “One Nation Under Gold,” describes the efforts of the U.S. government in the late 1960s to facilitate gold production without increasing the official gold price of $35 per ounce. The excerpt may be most remarkable for showing that once… (Continue to full article)

Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”
It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this may not actually be the case, and that relying on bitcoin as some kind of miracle store of value is more than a bit misguided… (Continue to full article)

Bitcoin wallet COINBASE now seizing accounts of Americans
The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts… (Continue to full article)

If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now
Or maybe a BIT less now. SO? Who the hell knew??? (Continue to full article)

The mystery of the Gold Certificates
How many of these $100,000 Gold Certificates were issued by our Treasury exclusively for the private Federal Reserve banking cartel following the confiscation of this gold from the people? How many have already been redeemed for our Treasury gold bullion? Or, are these certificate claims being double counted by both Treasury and the Fed? … (Continue to full article)

No More Free Lunch
President Lyndon Johnson unleashed “the Great Society” on America. It treated welfare as a right and created a culture of dependency. Expanded benefits encouraged illegitimacy, discouraged education, punished work and undermined families. Entire communities suffered as families dissolved and values deteriorated… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Chet Baker: Softly, as in a Morning Sunrise

One of Chet Baker’s earliest breaks came in the early ’50s, when Charlie Parker selected him to play some West Coast gigs. Baker, a vocalist, flugelhorn player and piano player – in addition to being a trumpet player – would be associated with such acts as Gerry Mulligan.

Written by Oscar Hammerstein and Sigmund Romberg for the operetta “The New Moon,” 1928’s “Softly, As in a Morning Sunrise” was originally conceived as a faster-paced tango. But over the years jazz artists have adopted it as their own, usually cooling the tempo a bit.

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Manchester Arena, UK: May 23, 2015

DEheadlines_orig

Trump’s Budget Will Slash $1.7 Trillion In Entitlements, Cut Food Stamps By 25%
Here are the highlights from the upcoming President’s Budget, courtesy of the latest batch of trial balloons. The END of the Greatest Dog and Pony Show handout on Earth… (Continue to full article)

Ponzi Scheme: What The Chicago Teachers’ Pension Would Be Called If It Were A Hedge Fund
If the Chicago Teachers Pension Fund were just another wall street hedge fund then it would have been deemed a ponzi scheme long ago and it’s management, much like Bernie Madoff, would be rightfully behind bars… (Continue to full article)

The Heartless Tradeoffs In the Trump Budget
But is there another side to this story? Maybe it is time to make people stand up on their own two feet and start producing instead of sucking off the government (taxpayer’s) teat… (Continue to full article)

Stockman: “Fiscal Bloodbath Coming This Fall”
Stockman explains why the economy could go off the rails this year, after our government endures a major budgetary crisis… (Continue to full article)

Another Great Inflation or an Asset Bust?
The current credit-asset bubble has dramatically increased the fragility of the economy by diverting capital from potentially productive investments to unproductive speculative gambles, and by increasing the unproductive burdens of soaring debt… (Continue to full article)

Trump’s budget takes aim at illegal immigrants by limiting tax credits
Limit? Limit? I would limit it to ZERO!!! They are ILLEGAL… (Continue to full article)

Why Online Shopping Could Be Costing You More Than You Think
According to new research by OpenUp, a behavioral research start-up based in New York, online shoppers have a good grasp of how much time they spent browsing for and purchasing items — but they have… (Continue to full article)

Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s
Even though I write about our ongoing long-term economic collapse every day, I didn’t realize that things were this bad… (Continue to full article)

Gold’s golden cross: The metal just formed a chart pattern that can signal a breakout
Watch the Kettle Moraine Precious Metals web-site daily for continual updates… (Continue to full article)

If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now
SO? Who the hell knew??? (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

Dark Days Abound…

DEheadlines_orig

Bill Introduced Allowing Cancellation Of Over $1 Trillion In Student Debt Through Bankruptcy
Currently, the US Government spends $38.00 for every $1.00 collected in delinquent loans, and since the government owns most of the student loans, it would basically be yet another taxpayers bailout for those who loaded up on debt and now are unable to repay it. Meanwhile, if massive amounts of debt were erased, it would be another bubble bursting, which would send the U.S. into a fresh round of economic instability… (Continue to full article)

The Perfect Storm Hits Used-Car Values: The Foundation Of The Auto Industry Is Faltering
Used car values determine in large the velocity of new car sales. Most new car transactions involve a trade. The level of equity in the trade oftentimes determines whether a new vehicle transaction will be successful or not. Inclining used car values lead to faster trade cycles while declining used car values lead to slower trade cycles. Dismal new car sales volume during our last recession created a shortage of used cars. This created a large supply and demand imbalance that made used car values… (Continue to full article)

Chapter 11, 15 Filings Have Exploded
“Chapter 11s and Chapter 15s have exploded” said U.S. Bankruptcy Judge Shelley Chapman, speaking at American Bankruptcy Institute event. The numbers for the bankruptcy court which serves Manhattan are, frankly, horrifying: Chapter 11s have tripled in the first quarter of the year… (Continue to full article)

5.5 Million Homes Still With ‘Negative Equity’
Glub, glub, glub!… (Continue to full article)

The Tens Of Millions Of Forgotten Americans That The U.S. Economy Has Left Behind
The evidence that the middle class in America is dying continues to mount. As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time. Of course the economy has not been doing that well overall in recent years… (Continue to full article)

Doggie (Life) Style
Ebola, Zika and whatever else is cooking out there. Things like – rising sea levels, global shortages of fresh water, simmering religious tensions, the potential for wars over mineral resources and what a higher gold price means. Disregard financial calamity, malfunctioning governments and lying sleazebag politicians leading us down… (Continue to full article)

How Will The ‘GREAT DEFLATION’ Impact Gold & The Dollar?
The coming GREAT DEFLATION will impact the value of Gold and the Dollar much differently than what most analysts are forecasting. Unfortunately, most analysts do not understand the true underlying value of gold or the U.S. Dollar, because they base their forecasts on information that is inaccurate, flawed or imprecise. This… (Continue to full article)

This Is How an Asset Bubble Gets Unwound these Days
What the slow crash of classic car prices says about the future of other asset classes.The global asset class of collector cars – these beautiful machines are perhaps one of the most enjoyable asset classes to play in – is quietly but persistently and very unenjoyably experiencing a downturn that parallels and in some aspects already exceeds the one during… (Continue to full article)

Nazi Gold: The Merkers Mine Treasure, How the U…
Patton told Bernstein that he was very glad Eisenhower was taking responsibility for the gold. Bernstein told him that he wanted to move the Merkers treasure to Frankfurt as quickly as possible and that under the Big Three arrangements at Yalta, the Merkers part of Germany would be taken over by the Russians after the war and that they certainly needed… (Continue to full article)

Trump’s First Budget Is Coming, and the Spending Cuts Are Severe
It looks like the Trump administration’s first comprehensive budget for the coming year will contain major spending increases for defense and draconian cuts in domestic programs. Details of the… GOOD – now let’s start paring down the so-called “entitlements” to the unworthy. (Continue to full article)

How High Will Silver Prices Rise? $100, $300, $500?
Silver prices have risen exponentially for the past 90 years as the dollar has been consistently devalued. Expect continued silver price rises… (Continue to full article)

The U.S. Debt Ceiling Is A Farce & Gold Will Soon Catch Up With the Rising Debt
In October 2015, the U.S. debt ceiling was suspended until March 15,debt-ceiling 2017. The debt ceiling is of course a total farce. Why? Because it has been raised 95 times since 1940 and 14 times in this century. As a result, there is now a clear disconnect between the credit expansion and the lagging gold price which will soon be rectified as gold not only catches up with the debt expansion – but overtakes it. Every single administration has totally ignored the debt ceiling and just raised it to accommodate their irresponsible budgeting and spending. All with the purpose to buy votes and to line the pockets of the banking sector… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

May 15, 2017: The Week Begins…

DEheadlines_orig

Shanghai Gold Trading Volume Surges 43% in 2016
But not so much in Americuh – we ain’t too smart. We have fallen for the ca-ca eminating out of DeeCee (Continue to full article)

GE’s Stock Slumps After Downgrade to ‘Sell’
It once brought good things to life. Now what??? … (Continue to full article)

Core CPI Falls Below Fed Target
Sounds as if anything with the term “Target” in it, is doomed to get flushed down the proverbial binary toy-let… (Continue to full article)

US Wages Peaked in Real Terms in 1942
In other words, “Your earnings won’t even buy what your grand-daddys’ income would”… (Continue to full article)

The Silver Bullet And The Silver Shield
It is both a Silver Bullet to rebel against the Elite’s corrupt system and a Silver Shield to protect your family and wealth in a post- dollar world. Buying physical silver is non-violent, non-compliant resistance. Most importantly it works outside of the system and it cannot be stopped… (Continue to full article)

State Dept. memo explains U.S. policy to drive gold out of financial system
A long memorandum written in March 1974 by a U.S. State Department official for Secretary of State Henry Kissinger and copied to future Federal Reserve Chairman Paul Volcker, then the Treasury Department’s undersecretary for monetary affairs, describes the desire of the United States and its options to prevent European countries from increasing the use of gold in the international financial system… (Continue to full article)

Silver Demand Shows A Consumer In Trouble
The demand categories primarily driven by the consumer, demand plummeted 125 million ozs, or 15.3%. Industrial demand for silver increased slightly but this was because of the global expansion in the solar panel industry, primarily in India and China… WHEN THE DEMAND IS DOWN – IT IS THE TIME TO PURCHASE!!! (Continue to full article)

Be Happy! Don’t Worry! No Need to Own Gold!
Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations… BULL-POOP! COW PIES!… (Continue to full article)

Waiter and Bartender jobs surge in the Land of the Free
The headline in the New York Times read “U.S. Job Growth Bounces Back; Unemployment at 10-Year Low”. That’s certainly one way of looking at it. Well, have someone pour you another one … (Continue to full article)

Many on Medicaid refuse to pay $1 for health care
More than half the low-income people who qualified for Indiana’s alternative Medicaid program failed to make a required monthly payment for the top tier of benefits – a key feature of the program Vice President Mike Pence insisted on as a condition to expanding the health care program when he was Indiana’s governor… But the entitled couldn’t even cough up a BUCK! (Continue to full article)

America & Money: Cool Facts About the History of Our Monetary System
Since 1776, many things have changed dramatically in America. One of the most drastic series of changes has been in the way we conduct transactions using money. Believe it or not, the monetary system that is in place today would be almost completely unrecognizable to the founding fathers. Here are some cool facts about the history of our monetary system… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com

May 12, 2017: The end cometh. Are you Ready?

DEheadlines_orig

A further waste of taxpayers $$$
NIH Using Taxpayer Dollars to Fund Transgender Study Led by LGBTQ Activist…  (Continue to full article)

There’s a Pile of Dirty Linen Behind Morgan Stanley’s Removal of Vanguard Funds
For as long as we have been observing Wall Street sleaze (three decades and counting) we have been reading about illegal sales contests and mutual fund abuses at Morgan Stanley and its 1997 merger partner, the retail brokerage firm Dean Witter. Given that history, when we read last week that Morgan Stanley was going to gut one of the all-time best families of mutual funds from its client offerings (Vanguard Funds), we felt our readers deserved a fuller understanding of the facts than they were getting from corporate media…  (Continue to full article)

1999 called, they want their stock bubble back…
File this one away under “Completely Obvious…” Last night the parent company of Snapchat reported a quarterly loss of more than TWO BILLION dollars. Snapchat, of course, is the photo-focused social networking app that’s adored by tweens and adults who still live with their parents. (Talk about a lucractive demographic.)… (Continue to full article)

Pension Benefit Guarantee Corporation Running Out of Cash, Millions Affected
The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy. Teamsters and other unions are poised to take huge pension hits. Previously, airline employees have taken a hit… (Continue to full article)

Gold Manipulation And $1.2 Quadrillion in Derivatives
For several months during 2016 I was researching the SDR, Federal Reserve Note/U.S. dollar, global currencies and the people behind the scenes pulling the strings. The pulling of the strings was being conducted by oligarchs, like the Group of 30, the IMF, BIS and other unelected globalists operating in broad daylight or the shadows. During this time it became clear… (Continue to full article)

Silver Should Be $136.67/ozt From A Supply Perspective
There’s an unsustainably wide gulf between the gold:silver price ratio versus the gold:silver supply ratio, especially when silver demand is at an all-time high… (Continue to full article)

Coming Financial Hurricane Will Be More Severe & Last Longer Than That Of 2008-9
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009… (Continue to full article)

Venezuela’s 99.5% Currency Plunge
The sharp decline has wiped out savings and made buying imported goods all but impossible, helping fuel the anger directed at the government in street protests that have turned deadly in recent weeks. While Maduro has raised the minimum wage almost 20 times during his tenure, it’s still the equivalent of just $40 a month… COMING SOON to a Republic near you!!! (Continue to full article)

JPM Calls For More Bank Mergers
It’s coming around again. Watch out for a Dimon in the rough!… (Continue to full article)

Why This is a New Bull Market in Gold

U.S. Gold Exports To China and India Surge In 2017
…and yet we Americans are so ignorant – that we slough off stories like this. Why? The owners of America’s West Coast, and the owner/managers of 7 Eleven and Circle K seem to recognize the benefit in the REAL DEAL… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1-623-327-1778
Email:
gold@kettlemorainepreciousmetals.com