My guess is that 2013 and 2014 are going to be big up year for the precious metals, but we still have to contend with the central planners and the various government policies, which have been actively trying to keep the gold and silver prices from reaching fair value. The central planners are losing the war. They may win an occasional battle or tw
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Tagged with “chris martenson”
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James Turk: Central Banks are Losing the War to Suppress Gold & Silver Prices | Peak Prosperity
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Keith Fitz-Gerald: The Perils of Underestimating Complexity & Mispricing Risk | Peak Prosperity
"If youâre rich you get a bailout. If youâre poor you get a handout. And if youâre middle class you get left out. " That’s not a sustainable way to run the system, exclaims investment strategist Keith Fitz-Gerald.A cancer at the core of our current economy is the magical thinking, "no pain, all gain"
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Paul Brodsky: Central Banks Are Nearing The ‘Inflate Or Die’ Stage | ZeroHedge
Submitted by Chris Martenson of Peak Prosperity Paul Brodsky: Central Banks Are Nearing The ‘Inflate Or Die’ Stage"It’s impossible to have a political solution to a balance sheet problem" says Paul Brodsky, bond market expert and co-founder of QB Asset Management. The world has simply gotten itself into too much debt. There are creditors that expect to be paid, and debtors that are having an increasingly difficult time making their coupon payments. No amount of political or policy intervention is going to change that reality. (Unless a global "debt jubilee" transpires, which Paul thinks is unlikely). Looking at the global monetary base, Paul sees it dwarfed by the staggering amount of debts that need to be repaid or serviced. The reckless use of leverage has resulted in a chasm between total credit and the money that can service it. So how will this debt overhang be resolved? Central bank money printing — and lots of it — thinks Paul. At this point, the danger posed by the instability of our monetary and fiscal house of cards is so great that trying to time an investment program to when this avalanche of printing will occur is too risky, in Paul’s opinion. It’s time to shift your remaining capital into hard assets and sit on the sidelines to watch the carnage play out. On The Imbalance Between Debts and Money Supply We are seeing — not only in the US but in Europe and in Asia, as well — separating bank assets and base money. Base money is comprised of currency in circulation plus bank reserves that are held at central banks — at the Fed or that is at the ECB, the Bank of Japan, so on and so forth. This is how the global economy rolls, as they say. Bank assets are loans mostly. And the amounts globally are staggering: something approaching $100 trillion in global bank assets. And in the US we think that is somewhere around $20 trillion held in the US and abroad. And the numbers for the monetary base are much, much lower.
http://www.zerohedge.com/news/paul-brodsky-central-banks-are-nearing-inflate-or-die-stage
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David Stockman: Blame The Fed! - Blogs at Chris Martenson
David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart. How did we get here? He identifies the root cause as the intentional
http://www.chrismartenson.com/blog/david-stockman-blame-fed/62981
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Rob Hopkins: Making The Red Pill Taste Good - Blogs at Chris Martenson
Rob Hopkins is a true pioneer of the movement to intelligently prepare and adapt society for entering a post-Peak Oil future. His brainchild, Transition Towns, has been one of the most successful initiative to-date in inspiring hundreds of cities, towns
http://www.chrismartenson.com/blog/rob-hopkins-making-red-pill-taste-good/62677
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Joel Salatin: How to Prepare for A Future Increasingly Defined By Localized Food & Energy - Blogs at Chris Martenson
Joel Salatin, proprietor of Polyface Farms and highly-visible champion of sustainable farming, thinks modern humans have become so far removed from a natural connection to the food they eat, that we no longer have a true understanding of what
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Charles Hugh Smith: Why Local Enterprise Is The Solution - Blogs at Chris Martenson
A growing number of individuals believe our economic and societal status quo is defined by unsustainable addiction to cheap oil and ever increasing debt. With that viewpoint, it’s hard not to see a hard takedown of our national standard of
http://www.chrismartenson.com/blog/charles-hugh-smith-why-local-enterprise-solution/61547
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Investing in Yourself with Charles Hugh Smith
I know, I know, the world is goig to hell in a handbasket at the moment… the market volatility is frightening! But what are we are going to do about it? What is the best advice that anyone can give you right now?
In this discussion, which was taped on the eve of the market collapse (and then it’s eventual snap back up), I talk with Charles Hugh Smith on his new book The Unconventional Guide to Investing in Troubled Times (available now on Amazon in Kindle format). CHS explains the effects that globalization and centralization of power has had on our global economy and how he thinks the pendulum is going to be swinging in the other direction… and soon. Maybe not this week kinda soon, but within this next decade kinda soon. So how do you prepare for that?
CHS gives probably the best advice one can give during these uncertain times, invest in yourself. Sounds easy right? But what does it mean to invest in yourself and what must you consider when you make such a bold move. There are consequences to investing in yourself that need to addressed… and I can’t wait to read all about it in his latest book
The enticement of CHS’s latest book (since it is only in Kindle format at the moment) pressured me into purchasing a tablet reader, and so I am one of ‘those guys’ now. Et tu Steve, et tu?
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Nate Hagens: We're Not Facing A Shortage of Energy, But A Longage of Expectations - Blogs at Chris Martenson
This week’s interview is one of the most important discussions we’ve had to-date on energy, its supply/demand dynamics, and the tremendous impact it has on our economic and social identity. It is clear now that we are staring at a future of declining
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David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks - Blogs at Chris Martenson
âI have little doubt that most of the silver that is on the SLVâs web site with a bar number is there somewhere. But what I am really concerned about is if it is hypothecated or not, meaning is there more than one owner on that same bar. And I can
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