Saturday, August 18, 2018

The West Continues to Rot at the Core, as it Obsesses Over the Short-term

The stock market by and large is a farce.

This is not to say that it does not have a purpose, a function, because undoubtedly it does, this cannot and will not be denied, except by those who identify themselves as having anarchist traits, or characteristics.

Yet, it is still a farce. It is corrupt, it is short sighted and it is riddled with problems. But, in our "semi" capitalistic system it is what we have and we have to make the best of it.

This however does not stop us from striving to improve it, in fact, I believe that this should be a major goal of Western society as a whole, as the stock market, in tangent with the free market has led to the most powerful economic engine this world has ever seen, even if it is now riddled with disease, it is and will be for the foreseeable future a juggernaut in the economic landscape.

We should constantly be striving towards weeding out corruption within the system, and working to improve the function of the markets as a whole, however, one topic of focus that has once again been pushed to the forefront is the fact that Western markets are incredibly short sighted.

Many legal and financial experts have argued this point for years, pointing out the fact that the stock markets obsession over quartering reporting has pushed it to its breaking point, driving companies to overemphasize on the short term, rather than the long term health of the company as a whole.

This irrational way of thinking has driven many companies to the point of bankruptcy, as many CEO's and executives know that they have a short term life span within any given company. This drives them to push short term profits, hoping to beat the next quarterly consensus, driving the price of shares up, and thus their golden parachute packages along with it.

Sadly, this comes at a cost to the longevity of a company, many times putting them in precarious, unhealthy positions.

This topic although long in focus, was once again brought to the fore light by President Trump, who recently criticized Wall Street's quarterly reporting method;

"In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting & go to a six month system,” said one. That would allow greater flexibility & save money. I have asked the SEC to study!"

This is, and should be something that is changed, for the long term benefit of Western society. It would allow businesses immense freedom to make the long-term, correct decisions that would benefit the company and the economy as a whole.

Our current obsession with short term profits is continuing to erode our economy, while countries such as China take a much more healthy, long term focus, allowing them to outmaneuver and outpace the West as the years continue to drift by.

Unfortunately, I don't believe any of this will ever happen, unless a forceful hand is applied, which I do not advocate for.

The simple fact is, that the push-back will be intense, it will be overwhelming, as Wall St and financial pundits, including the MSM who have built an entire industry around obsessing over this short term noise, fight back.

Too many people have too much to lose, to allow this to ever unfold. But this should not stop you, as an individual from continuing to push for change and adjusting your personal mindset.

The West may continue to rot at it's core, but this does not mean that you need to go along for the ride willingly. As I have always advocated, ignore the noise, focus on the long term and think for yourself.

- As first seen on the Sprott Money Blog

Thursday, August 16, 2018

Special Report: Senator Rand Paul on His Recent Trip To Russia

Senator Rand Paul has stressed the importance of normalizing relations with Russia rather than the status quo of diplomatic isolationism. He recently returned from a trip to Russia and discusses his progress on today's Liberty Report.

Wednesday, August 15, 2018

Gold's Sentiment Is In The Sewer, But Contrarians Should Love It Now?

David lays out his thesis (based on his mosaic research of fundamentals, technicals, sentiment, Elliott Wave, macro analysis, etc) of why he thinks they the stock market will crash towards the end of 2018 or in early 2019. 

David gives an excellent 15 minute or so summary of the global macro picture and why he thinks that the US Dollar is strengthening and, in the short term, will probably continue to rally against other currencies. 

However, David is only short term bullish on the US Dollar. Long term, he thinks the US Dollar along with many other fiat currencies are going to be devalued perhaps in a coordinated way by central banks to deal with a global debt problem that continues to get worse. 

David thinks that in the short term gold and silver could go lower based on a number of factors, but as stocks and currencies (especially the US Dollar) fall gold and silver will rally very strongly. 

Jason suggests that if gold and silver continue lower for a few more quarters and oil prices stay at these levels or rise, then the margins for primary gold and silver miners will get worse and potentially collapse to a point where miners will have to make some very tough decisions about selling their companies, shutting down mines, etc.

Sunday, August 12, 2018

Senate Moves To Seize The Internet, Do We Need More Government Censorship?

A leaked memo from Sen. Mark Warner's office details a plan for the US government to massively interfere in the Internet. 

They want to "protect" us from "fake news" and from foreign influence. Will the US government acting more like the Chinese or Iranian governments really protect us from "bad guys"?

- Source, Ron Paul

Saturday, August 11, 2018

The Digital Dark Age is Here

For years I have warned about this, for years I have stated that these companies are not to be trusted, that they are listening to your every movement and tracking you in real time, selling your information to the highest bidder.

For years, people scoffed at this idea, they laughed it off, until recently.

People were outraged to hear that Facebook and other social media giants were indeed selling your information, they were gathering, collecting and packaging it to ad sponsors, but why were they shocked? Why couldn't they see the reality that was clearly in front of their eyes?

Because ignorance is bliss.

We live in interesting times indeed, times that are both exciting and precarious. We stand on a precipice of either great change, innovation and new levels of achievement, or we stand on the edge of complete and utter darkness.

Sadly, people are not standing up, they are not voting with their dollars and they are blissfully ignoring the ensnaring net that is slowly being drawn around them.

The digital dark age is here, and the elite few tech giants that are ushering it in are beginning their attack on anyone, anything that does not agree with their echo chamber of thought.

A small handful of companies, you know their names well, virtually control a massive part of our society now. They have near complete control over many aspects of your lives, and don't for a second think that they don't.

The vast majority of people in the West use some form of social media on a regular basis, whether it be Facebook, Instagram, Twitter, Google plus or Youtube. Yet these companies all hail from one small, pocket of the world, resulting in an incredibly narrow train of thought, and diversity.

These companies executives know each other, they meet socially and undoubtedly they discuss the future of the internet and how they can best shape it moving forward in their vision.

This is an incredibly frightening occurrence of events, as we the people have literally handed they dominance over our virtual social lives, an aspect of society that can now dictate whether or not you get a job, are successful, or fail in a key aspect of our lives.

Like it or not, the internet is a massive part of society and will likely become increasingly more so as we move forward into the future.

Over this past week, we have witnessed the first virtual execution of our times.

Alex Jones, the controversial, yet very popular conspiracy theorist and owner of Infowars, was their target and the verdict was absolute. He had to be, and he was destroyed.

Don't for a second think that I agree with all of his nonsense, nor that I even like him, but what I do like is the free market, free speech and a free society. This week we lost that.

Collectively, they banned and deleted all of his accounts, all of his pages, in which he had millions of followers, in a series of virtual head-shots, wiping him off the internet, stating that he violated their "terms of service".

Linkedin, a platform where he posted no content, also deleted his account, even though he violated no terms of service, completing his wipe out and truly showing Silicon Valleys true intentions.

Alex Jones, was an easy target for them, but don't for a second think he will be the last. This week also saw a number of social media accounts banned linked to Ron Paul, libertarians and other major conservatives.

Now, rumors are swirling, that one of the largest sites on the internet, the Drudge Report will be next. Then, will it be Zero Hedge, and any other alt media website that doesn't agree absolutely with their train of thought? Who knows, but this should startle and alarm people.

Absolute power corrupts absolutely, and we are now seeing this in real time, once again, as we have many times previously throughout history.

This new found digital power over our lives is something new, and something that has to be resisted. Alternative social media websites, that support free speech and freedom of expression need to be supported, such as Minds and Gab.

This absolute digital power is exactly why I have been railing against the idea of a 100% digital fiat currency for years. The power that this would allow governments over our EVERYDAY lives, not just virtual, would be something out of a Orwellian nightmare and would make what we are seeing today via the social media tech giants look like child's play.

Get out of your comfort zone, stand up for what is right and vote both with your feet and your dollars. No company is too big to fail and no tide too big that it can't be resisted. The fight goes on for liberty, for freedom, as it always has and as it always will from now, until the end of time.

- As first seen on the Sprott Money Blog

Friday, August 10, 2018

Deep State and MSM Will Fight to the Death Against Trump

Why is the mainstream media (MSM) and the Deep State fighting so hard against Trump? Economic expert and journalist Dr. Paul Craig Roberts contends, “All this started during the Presidential campaign when Trump started normalizing relations with Russia. 

It would be good for both of us, both countries. That’s when they cooked this up (Russian collusion with Trump campaign). They said, oh my gosh, we can’t have that. 

All the money we wallow in, the excuse for it, will be gone. That’s the main factor here, and it’s a huge sum of money. So, they are going to fight to the death over it.” 

Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary and Wall Street Journal editor, Dr. Paul Craig Roberts.

- Source, USA Watchdog

Wednesday, August 8, 2018

Happy 10 Year Anniversary of QE!

What are the effects of 10 years of Quantitative Easing? How has it impacted the global economy? There has been an artificial market calm brought to you by 10 years & trillions of free (for now) money. 

This Central Bank Intervention has resulted in The rich becoming much richer & the poor much poorer. We then close with the FAANGS getting defanged: Facebook loses 1/4 of total value in days. Thanks for listening to this week’s McAlvany Commentary, if you enjoyed please subscribe for more.

- Source, McAlvany

Monday, August 6, 2018

Dark Times Are Ahead Of Us, Be Prepared For The Devaluation Of The Dollar

Jim Willie, otherwise known as the "Golden Jackass" appears on the X22 Report, where he discusses the ongoing devaluation of the dollar, as it continues to be printed into infinity.

Where is this all going to end, can it be saves, or is the dollar, like all other fiat currencies before it destined for the dustbin of history?

Jim sees dark days ahead, dark days indeed.

- Source, X22 Report

Saturday, August 4, 2018

Sales of Physical Gold Explode as the Currency Wars Continue to Unfold

Trade wars are erupting, scandals are unfolding and now the United States is entering into the much prophesied currency wars that many experts have predicted was coming for years.

The United States and China, who continues to hold out against American tariffs, are entering into a quickly accelerating downward spiral.

Already the US government has ordered a massive $34 Billion worth of tariffs on Chinese goods entering into the United States, while at the same time, China has fired back shots of their own, issuing tariffs of their own kind.

As predicted, this would be far from the last that we would see, as now, we are learning today that President Trump plans on increasing tariffs by an additional 25%, up from the previous 10%.

This equates to a stunning $200 Billion worth of tariffs on Chinese goods, attempting to enter the United States marketplace.

This drastic increase in tariffs comes on the heels of a significant decrease in the value of the Yuan, which essentially has circumvented the previous tariffs placed by President Trumps administration.

These actions, and China's willingness to devalue their currency proves just how serious they are about winning this currency war, while at the same time, so too does Trumps acceleration in additional tariffs.

Just how low China is willing to take the Yuan is yet to be seen, as are the unintended consequences of taking such a drastic action.

Already, markets, especially those in China, are experiencing significant turbulence, as they corrected sharply lower.

Meanwhile, markets in the West were more optimistic in their ability to see this trade war through, as Apple surged higher, pulling the broader markets up, along with it.

However, those who are watching this action with open eyes are clearly paying attention, as the accumulation of precious metals over the month of July will bear true.

With so much negative geopolitical news being broadcast on the airwaves and making headlines, it should come as no surprise to learn that the US Mint experienced massive sales of precious metals throughout the month July, and in a serious way.

Sales of American Gold Eagles rose a stunning 42.9% over the month June, selling roughly 35,000 ounces in a one month period, marking a monstrous trend reversal for the sale of physical precious metals and causing many analysts to take notice.

This huge surge in demand resulted in the best month of sales thus far this year and marked a 100% increase in sales from July 2017.

Following suite with this, although not as strongly overall, was silver bullion, as its sales rose 103% over the previous month, which was still significantly lower than the year prior.

Some experts in the industry are marking this as a turning point for precious metals, hoping that it will finally break out of its sluggish sideways trading pattern that we have been stuck in for years now.

This is yet to be seen, as we will have to see how far the participants in this now unfolding currency war are willing to go.

If past results are any indication, then you can rest assured that President Trump will push these negotiations to the limit, applying immense pressure to China as he does so.

Yet, this is not North Korea, this is the rising world power known as China and they too have much to lose by backing down and showing weakness to the rest of the world.

For now, the trade wars, the currency wars rage on, with no end in sight.

- As first seen on the Sprott Money Blog

Friday, August 3, 2018

Ron Paul: Is The Mainstream Media Trying To Start WWIII With Russia?

Jason Burack of Wall St for Main St interviewed returning guest, former longtime US Congressman and one of the greatest American statesman of the last few generations, Dr. Ron Paul.

During this 20+ minute interview, Jason asks Dr. Paul if President Trump is a Neocon, if the mainstream media wants war with Russia, how both corrupt political parties in DC work together, Trump Derangement Syndrome, trade wars, tariffs and the potential for a lot more stagflation.

Wednesday, August 1, 2018

Ignore the Massive Amounts of Financial Industry BS!

During this thought provoking, hard hitting and passionate (sorry in advance if you can't stand cussing!) Chris talks about why hedge fund managers are not doing as well now as in the past, why they will earn their money if stocks crash, how short sellers are often unfairly harassed and how regular people should learn a financial education, to think for themselves and try to avoid the pervasive BS and often fraud from some people on Wall Street and in the financial industry.

Monday, July 30, 2018

The Illusion Will Continue To The End, Then It's Game Over...

Iran is preparing to create their own cryptocurrency to get around the sanctions. The US sanctions will no long work if countries use a different currency system and other countries accept it. 

The central bank is pushing a 2nd BREXIT vote so they can manipulate and show to the world that the UK people don't want to leave. Housing is declining in Australia and many homeowners are in mortgage prison. 

The GDP number that the BEA reported on are completely made up, this is part of the illusion to make everyone think the economy is doing great but the MSM is now pushing the idea that the economy is not doing well.

- Source, X22 Report

Sunday, July 29, 2018

Why This Commodity Is Recession Proof

Energy consumption, particularly natural gas, is more of a consumer staple than discretionary item, and is thus less likely to be affected by an economic downturn, said Richard Cottee, CEO of Central Petroleum. 

“The one thing that’s interesting about recessions, is that it doesn’t actually change your energy consumption,” Cottee told Kitco News on the sidelines of the Noosa Mining & Exploration Investment Conference.

- Source, Kitco News

Saturday, July 28, 2018

The EU Abandons the Resistance, as Trade Wars Continue to Rage Around the World

Amidst all the chaos, all the noise and all the nonsense, stocks are surging.

The reason is simple, a little light has found its way through the clouds as a heavy finger was lifted off the ongoing trade wars battle, resulting in a short term sigh of relief.

It seems that with each passing week, the world descends further and further into isolation, as President Trump takes a strong armed approach in trade talks, issuing tariffs and hammering down on trading partners.

This should come as no surprise to anyone that has been following the news, or even the 2016 elections, as this is exactly what he said he would do.

What is surprisingly, however, is that he is actually doing what he said. A rare occurrence for any politician. Whether or not you agree with these actions, is purely in the eye of the beholder and widely disputed.

Over the past few months, we have seen tariffs imposed on China, Canada, the European Union and various other countries, all in the hopes of securing better trade deals for the United States, which in President Trumps opinion, has been getting the raw end of a deal for far too long.

I am not entirely sure about this, however, he is once again bewildering his critics as he deploys the art of the delay. Making irrational demands and over asking, a common tactic of his, and one that still eludes many, despite it being plainly written in his book.

This has once again worked, this time with the EU, as he threatened earlier in the week to impose a massive 25% tariff on foreign car imports, an action that would of crippled many sectors of the auto sector around the world.

If it was anyone else, the EU would of simply laughed this threat off, however, given the completely unpredictable nature of President Trump, this move sent them scrambling, hoping to avoid a disaster.

Concessions were made as European Commission President Jean-Claude Juncker worked to reach a resolution and agreed to many of the terms laid out by the President, while gaining a few wins of his own along the way.

In a joint press conference, he had the following to say;

"We agree today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods."

With the EU showing this sign of weakness and curtailing its "resistance" talk, you can expect other countries, such as China, and Canada to begin to second guess their own actions and possibly make concessions as well, however that is not today.

The reality is that the United States is still the economic engine of the world and Trump knows this, he knows that he wields a massive trade hammer, that has the ability to send any country into a deep recession. Something that any world leader hopes to avoid.

Still, this does not come without ramifications, as these moves are costing the United States and hurting domestic businesses in the short term, especially those located in the agriculture space.

Hoping to curtail some of this pain, President Trump is planning a "bail-out" for farmers in the tune of roughly $12 billion dollars. Hoping to alleviate some of the pain, until this storm passes.

Meanwhile, China has also announced another stimulus of their own, escalating this "game of chicken", as both countries fire shots back and forth.

These trade wars have the potential to rapidly descend into a full blown currency war, as countries print money out of thin air, hoping to mitigate some of the damage being done. 

Damages that could have long term and dire consequences as these trade wars ebb and flow, around the world, with no clear sign of an end in sight.

- Source, as first seen on the Sprott Money Blog