Bill Holter: Mad Max World Possible as Unpayable Debt Bubble Pops

There is going to be a reset of this unpayable debt, and financial writer and precious metals expert Bill Holter contends, “It’s going to happen, and I hope for not a very long period of time. 

I am hoping it’s just a two week or four week event where the system goes down and goes back up. If I am wrong, then you are looking at a Mad Max world.

Basically, nothing works. Your electricity doesn’t work. Your car may or may not work. We may have an EMP or it will work until you run out of gas. 

When credit breaks down, then distribution breaks down. If credit doesn’t come back up, then distribution is gone. 

That means every Walmart, every grocery store is empty. Basically, you are on your own.” In closing, Holter warns, “The balloon has already been popped. 

The pin has popped the bubble, and now we are just going to work its way out. 

The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat.”

- Source, USA Watchdog

Time Has Run Out for the Markets... Again

In this episode of the Keiser Report, Max and Stacy discuss the latest newsletter from the capitulated bull market bear, Albert Edwards, who says that, perhaps, too many were focused on the obvious risks (like Italy, China, Japan, etc.) and that, in fact, the smaller, less obvious financial risks like the United Kingdom will be the catalyst for the next global financial crisis. 

In the second half, Max interviews Dan Collins of TheChinaMoneyReport.com about ‘grey rhinos’ in the economy, the disastrous APEC meeting in Papua New Guinea and the 50 million empty homes in China.

- Source, RT

Metals Moving In Unison For a Massive Price Advance

As we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of our multi-part article illustrating our research work and conclusions. 

We left off in Part I showing a number of supply and demand components and briefly highlighting our newest research using a custom Gold/Silver/US Dollar ratio index. Our attempt at finding anything new that could help us determine the future outcome of the metals markets and to either support or deny our future expectations that the metals markets are poised for a massive price advance was at stake. This new research would either help to confirm our analysis or completely blow it out of the water with new data. Let’s continue where we left off and start by showing even more data related to our new custom metals ratio.

This Monthly chart showing our custom gold pricing ratio and the correlative price of Gold illustrates a number of key features. If you remember from Part I, the current ratio level (the Blue Area chart) is near the top of the Upper Boundary level (0.80 or higher). Whenever the ratio level enters this Upper Boundary level, it typically only stays there briefly before falling towards the Lower Boundary level. 

We’ve highlighted what we believe to be key elements of this type of ratio/price reaction. On the chart, below, we’ve highlighted every major ratio level decline from near the Upper Boundary level and the associated reaction to the price of Gold as well as the indicator reaction near the bottom of the chart. With each instance, we can clearly see that price advanced, in some cases dramatically, as the ratio level declined from the Upper Boundary towards the Lower Boundary. The biggest move occurred between 2002 and 2012 where two of these ratio rotations occurred.

Near the right edge of this chart, we can see that the ratio levels have already started to decline from recent peaks. We believe this could this be the start of a broader ratio level decrease that prompts a massive price rally in the metals markets. We believe this ratio swing could be accelerated by rotation and volatility within the US Dollar price and increased demand from Investors over the next 4~6 months.

Again, this Monthly chart paints a very big picture – planning many years in advance of this move. We believe this new metals market rally is setting up to be something that Gold traders have been thinking about for decades – a potential of Gold reaching $5000 or higher in a dramatic price rally that correlates with broader global market events. We don’t know what those events are at the moment, but we could certainly guess as to the nature of their origination.

Our research supports our opinion that the metals markets are dramatically underpriced in relation to global risk and potential future events. The only thing, in our opinion, that could prevent a new price rally from forming over the next 6+ months is a continued malaise in investor sentiment or continued strength in the US Dollar. If either of these two components continues for any length of time, the price of Gold and our custom ratio will likely continue to base near current levels or slightly lower.

Our expectation is that currency issues as well as rotation or some weakness in the US Dollar will likely prompt an impulse rally in Gold where prices rally above $1300 before April 2019 and form a price base for the rest of the expected rally. Once the conditions ripen within the market and investors begin to pile into the long gold trade, the ratio will reflect this move and demand from the investor side will drive prices higher with the expectation that some type of crisis event cycle is about to unfold.

This next Monthly Gold chart shows what we believe will be the initial impulse move higher (towards and above $1300) before the rally really starts to gain speed. A rotation above $1300 would establish a new price base near or above recent highs and start the accumulation by Investors – driving the demand side of the equation. This move would also push the ratio a bit lower in support of our expectations.

This Monthly Silver chart clearly shows the extended opportunity for skilled investors ahead of this move. We believe Silver is one of the most undervalued investments on the planet right now and that our analysis supports a longer-term view that Silver could reach the $40 to $50 level very quickly if the events we suspect are unfolding actually do unfold as we are suggesting. This would equate to a 280%+ swing in price before an even bigger move higher unfolds.

This Monthly Platinum chart shows the pricing pressures over the past 5+ years that have plagued the metals markets. If you were to take a look at the custom metals ratio chart near the top of this article, you would see that this pricing pressure is related to a number of key factors – most of which relate to lack of investor demand and lack of true price exploration (rotation of the ratio levels). 

In other words, price levels in the metals markets have been operating in a very narrow “void” or any real price rotation or exploration. We believe this environment is about to end and we believe the continued “price malaise” will end with a massive impulse move higher.

You can see from this chart we expect Platinum to rally to near $1150~1200 in the initial impulse move, then form a base before a further price advance.

- Source, Sprott Money

Moves Are Not Telegraphed, What Happens Next Will Change Everything

Obama's common core is a disaster for this country. Five Eyes are scrambling to stop the declas. Former CIA chief Michael Hayden has a stroke. Macron has a big problem on his hands the people are rioting. 

Khashoggi event was manufactured by the intelligence groups of many countries to push their agenda, their FF is now falling apart. It is being reported the rebels in Syria are using chemical weapons. 

Q has continually said that they will not telegraph their moves, POTUS never telegraphs his moves and disinformation is necessary.

- Source, X22 Report

Perpetual Surveillance: Your Smart City Knows More About You Than Your Mother Does

Dr. Oscar Gandy joins the commentary to discuss: TGI: Transactional-Generated Information - the fuel for AI control. 

Artificial Intelligence: “It’s time to come to terms with the machine” Dr. Oscar Gandy, Author of “The Panoptic Sort: A Political Economy Of Personal Information”: Functioning in a completely monitored environment.

- Source, Golden Rule Radio

Bitcoin, One Year After the Historic Bubble

We are rapidly approaching the one year anniversary of Bitcoins all time, mind blowing, historic high of $19,140.70 USD that occurred on December 19th 2017.

Just as predicted, the price of Bitcoin has suffered a staggering, absolute collapse in price since that period of time, falling to a low of $4,246.31, just a few short days ago.

As of today's writing, Bitcoin has tested its low multiple times, perhaps foreshadowing a move higher as the crypto bulls attempt to rally higher into the close of the year.

Sadly, for many, this is a time period of abysmal reflection, as there were countless examples of perma bulls making irrational calls during this time period last year, some even going as far as to put their money where their mouth was, selling everything they owned and doubling down on the crypto bull market rally.

Unfortunately, the hype has died and so too has many of these people's dreams of "making it rich quick", as they learned the harsh lesson that has been repeated time and time again throughout financial history. Nothing goes up forever.

For those who think for a moment that I am a "Bitcoin", or crypto hater, quite the contrary, I was there early, participating in the Bitcoin economy when it was young, partaking in the movement on Bitcoin Talk, the central hub for the crypto sphere. I was there when it was a true community.

The alarms bells started ringing for me as I noticed the continued deterioration of the Bitcoin community, as it was rapidly and steadily devoured by the "HODLERS".

These "perma" holders of Bitcoin rapidly destroyed the foundation of Bitcoin, as the economy that surrounded Bitcoin and other crypto currencies was rapidly destroyed, eroding the foundation that led to the historic moves higher.

I watched as long term supporters of Bitcoin, many of whom were staples of the community began to leave in droves, either cashing out, or throwing their hands up in frustration as they watched what once was a thriving alternative currency, devolve into a "get rich quick scheme".

A madness then erupted, that put the "Tulip Mania" to shame, as the MSM media and a swarm of ill informed "investors" began to draw an ever increasing amount of attention to the crypto marketplace, many of whom claimed "it could never go down".

People who couldn't even pronounce Bitcoin began to discuss its daily movements, and it was the hottest "cooler talk" at many workplaces.

To any contrarian based investor, this was like a flashing red light, and blaring siren going off all at once. The writing was on the wall, and this massive bubble was about to explode, wiping out thousands of lemmings in the process. 

The rest is history.

Fortunately, Bitcoin has survived and is still here, with many positive indications on the horizon, even as it continues to trend lower in the short term. 

Hope remains for those who still wish to see it, and the community that once surrounded it, return to prosperity, hopefully avoiding some of the mistakes of the past.

As the year rapidly approaches a close, take a moment to reflect, think of the current stock market rally and the gyrations that it has been experiencing as of recently, and remember this. Nothing, absolutely nothing goes up forever. Prepare accordingly.

- Source, As first seen on the Sprott Money Blog

Climate Engineering the Single Greatest Threat Short of Nuclear Cataclysm

Don’t expect to get the truth from the government or the mainstream media (MSM) that climate engineering is dangerous to humanity, let alone even going on, because climate engineering researcher Dane Wigington says, “Right now, there is an official illegal federal gag order on all of the National Weather Service and NOAA. 

If all of the consequences of climate engineering were considered, it is mathematically the single greatest threat we collectively face short of nuclear cataclysm. If we don’t address these issues, it effects every breath we take and the entire web of life, we are on an extraordinary short time horizon.

Climate engineering is not about the greater good. It is about keeping business as usual and keeping power in the hands of people who already hold it. It’s about confusing and dividing the population about the true state of the climate until the last possible moment.

They are hiding the severity of the climate to keep the population from panicking because the situation is so severe. 

Here in the U.S., we are importing about $41 billion worth of food annually to keep the U.S. store shelves stocked to keep Americans pacified and clueless as to what is happening around the world until the last possible moment. It is that severe.”

- Source, USA Watchdog

Rob Kirby: Massive Amounts of Dollars Must Be Fed into System or It Blows Up

Macroeconomic analyst Rob Kirby says, “The lineup of billions of dollars to get into physical metal is astoundingly large.

" If you think this all sounds crazy, well it is, and the financial elites know it. Kirby says, “When the financial elites are dealing with hopeless situations, they will make decisions that they know are absolutely foolhardy, have no merit and no prospects for success long term. 

They will push the mantra that if we can prevent the collapse from happening today and buy another day, or buy another week, or buy another month, then it’s worth doing. They avoid anarchy and basically they avoid meeting their end, and they avoid being hung. 

What this is really all about is treason has been committed at the very highest levels by financial elites and the people in control of the financial apparatus. 

In America, the people controlling the financial apparatus are the Deep State, and we know that Trump is anti-Deep State.” 

In closing, Kirby says, “Why has this gone on so long? Most people are dumbfounded it (a crash) did not happen 10 to 15 years ago. The reason it hasn’t happened?

The explanation is these jokers have created so much more money than anyone can wrap their head around. The money was created because we are on the vertical part of the growth curve of the dollar. 

This money has to be continually fed into the system or the whole thing blows up.”

- Source, USA Watchdog

Central Banks and Governments Will Keep Issuing Debt Until the System Collapses

“I know this can’t go on forever.”

This must be the nagging echo in the back of every politician’s and central banker’s head as they proceed down the incredibly long debt-paved road, arm in arm with their borrowed-money betrothed to… where, exactly?

And this is where the limitations of our species come to the fore. If something didn’t happen in our lifetimes, if we haven’t personally experienced it yet, we have a very hard time internalizing the lessons of the past in any real way.

I know The Great Depression happened. I know World War I and II happened. Can I act in ways today that are driven by the experiential difficulties and horrors earned in such dire circumstances by members of my own family, just a couple of generations ago?

- Source

Years of Recklessly Low Interest Rates Causes Inflation to Soar

The stock market has been rising, GDP has been rising, and the rate of unemployment has been steadily dropping since the Republicans took office, however, as good as news as this is, something sinister has been continuing to unfold behind the scenes.

In all likelihood, you are intensely aware of what I am referring to, especially if you are the one who does, or participates in the majority of the shopping for your household.

 Inflation continues to soar higher and in a meaningful way.

The increased cost of many commodities has caused a rippling effect across the broad general market, as both staple goods such as food and luxury goods such as computes, cars, etc, have risen significantly.

Two commodities that have been hit especially hard are aluminium and steel, the former of which has risen by 8%, and the latter of which has drastically increased by 38% year over year.

Household staples, such as soap, shampoo, toothpaste, you name it, have increased year over year as well, with most companies disclosing in their recent quarterly earnings, that they have had to pass their increase in production cost, directly onto the consumer.

Luxury goods, such as those produced by Apple, have increased by 20-25%, while autos, such as those produced by GM, have had to raise their sticker prices by $800.

Years of recklessly low interest rates have caused this situation in large part, and we are just witnessing the beginning trickling out of "easy money", reentering the system for the first time in a meaningful way since the 2008 crisis began.

Before this point, money has been flowing endlessly back into the stock market, causing historic runs higher, as fast money chased new monthly highs, however, as we have seen recently, investors are becoming increasingly skittish of this artificially high stock market.

In addition to this, the actions of the recent trade wars between both the United States and China are having a rippling effect across the markets, with many companies having an increasingly harder time sourcing the items they need.

This powder keg is set to blow, and now the FED is stuck between a rock and a hard place.

They know that interest rates have remained too low, for too long, but they also know that if they raise rates in the continued progression that they have been, that the market will undoubtedly nose dive. Some have speculated, myself included, that this may be their plan.

Fortunately, the one saving grace in this whole scenario, is that consumer confidence remains high, which is translating into slightly higher wages, something we have not seen for decades within the United States.

Will President Trumps America first policy pay off as many market experts are hoping, or will the FED steal the GOP's thunder by administering the medicine that these markets have desperately needed for years, crashing the markets in the process?

Regardless of what actions are done in the short term, I see no way out of this situation without some pain and suffering. Markets never go up forever, and a correction is always looming just around the corner.

The setbacks we have seen of recently are nothing and are just a small sample of what is to come. Get ready and prepare accordingly. Whether you like it or not, the free market cares little.

- As first seen on the Sprott Money Blog

Ron Paul: Why Are So Many Nations Going For Gold?

While the average person is propagandized into thinking gold isn't money, the elites know better. He who has the gold, makes the rules, and many nations are either repatriating gold, or buying it outright. Why now? Can they see the writing on the wall for the U.S. dollar?

- Source, Ron Paul

The Politics and Economics Behind Global Climate Change

William Engdahl, an award-winning geopolitical analyst, explains the political forces that have driven climate hysteria and their political and economic motives.

- Source, Jay Taylor Media

Oil Price Getting Whacked: Lower Prices Ahead or Just A Large Correction?

Jason talks about the large correction in the oil market and if this means oil prices will go a lot lower or if this was just a large correction and oil will rally again soon? 

Jason talks about how the global economy still needs a Goldilocks oil price that's not too high or not too low.

- Source, Wall St for Main St

Ron Paul: House Goes Blue, Blessing In Disguise For Trump?

Conventional wisdom says the Republican loss of the House of Representatives be bad news for President Trump. 

More investigations? Endless Russiagate "revelations"? But what if it is actually a boon for the president? Contrarian analysis of the US mid-term elections in today's Liberty Report.

- Source, Ron Paul

Venezuela is Painfully Reminded of the Golden Rule

He who holds the gold, makes the rules.

This is a motto that you will hear espoused by gold bugs, precious metals advocates, or anyone that has studied financial history in any meaningful way.

The fact is, if you don't hold it, then you don't own it.

This is something that I have warned about for years, as people continue to pile into "paper" precious metals assets, most specifically, those that do not guarantee to hold the precious metals in physical reserve, accounting for every oz that they own via regularly scheduled audits.

As Central Banks around the world continue to race into gold, a trend I have been noting throughout the course of this year, some, are being painfully reminded of the golden rule and are ruing the day they ever gave up physical ownership of their most valuable, real asset.

Venezuela, who is currently led by a failing socialist government, with President Nicolas Maduro at its head, is one such country that is learning this valuable lesson.

Venezuela, for months has been attempting to repatriate their gold holdings from the Bank of England, the latter of whom "allegedly" holds a large percentage of the worlds gold reserves since the ending of World War 2.

The reasoning for this, was one of the greatest cons in history, and one that continues to unfold. Western Central Banksters convinced many of the Worlds Nations that it would be "safer" to hold their reserves within the United States and England. 

Ironically, over the last few decades, this has been just about the worst place in the world to hold your gold bullion, as these nations have rehypothecated this gold to near infinity. But don't worry, they claim their "good"  for it.

Over the course of these past few months, the Bank of England has used every stall tactic in the book, stating to Venezuela various problems with delivery. Then, last week, reality finally struck for the government of Venezuela, as President Trump acted, placing sanctions on Venezuela's gold sector.

The message was sent, and following through on this shot over the bow, the Bank of England stated that they would not be returning Venezuela's gold, even though they are the legal, rightful owners of that gold!

Despite what your opinions are of the Venezuela government, of which mine are abysmally low. This is preposterous and should come as a dire warning to the majority of all other countries who have their gold held in foreign locations.

The Bank of England in all likelihood simply doesn't have the gold to return to Venezuela on hand, confirming a suspicion that many precious metal bugs have had for years, in which they assert that Western Central bankers have secretly been selling the gold that they were entrusted to maintain and protect, artificially suppressing the price of gold in the process.

Perhaps the is gig is up, and this will be the catalyst that will eventually break the backs of the gold cartel, as other Central Banks finally wake up and realize that maybe, just maybe it is better if they physically hold their precious metals? 

We shall see.

Ron Paul: Trump Fires Sessions, A Constitutional Crisis? Think Again

Trump accepted the resignation of his Attorney General, Jeff Sessions, yesterday leading to an explosion of protest among the Resistance anti-Trump people. Ironically, these are the very same people who have opposed Sessions for two years! Politics?

- Source, Ron Paul

Milton Friedman Teaches Monetary Policy

In this cut from our Milton Friedman Speaks series, Dr. Friedman illustrates the basic relationship between the money supply and the consumer price index.

- Source, Free to Choose Network

Central Bank Cheap Money Now A Global Contagion

Former Dallas Fed insider, Danielle DiMartino Booth, spoke with SBTV about the inner workings of the Fed and how the Federal Reserve missed the train wreck which resulted in the 2007 Financial Crisis. Without being alarmist, Danielle presented a factual view of how leveraged and indebted our financial system has become.

- Source, SBTV

Preparing for Turmoil, Central Banks Continue to Accumulate Gold

The trend is your friend and in this case, the trend comes tinged with a yellowish hue.

As I have been highlighting recently, Central Banks around the world are finally waking up the the harsh reality that is our current geopolitical and financial situation.

On the surface, things appear to be healthy, things appear to be running along smoothly, but as soon as you scrap even an inch below the surface, and look at the skyrocketing debt levels and increased fragility of many Western nations, you quickly begin to realize just how unstable things have become.

Certain countries have been ahead of the curve, accumulating gold hand over fist, taking every opportunity that arises to add to their holdings, whenever any large amount of gold hits the markets.

As I wrote about last week, both Poland, who has been incrementally adding gold to to their reserves at a steady rate, and Hungary, who increased their gold reserves by 10 fold in one purchase, are two countries to join the growing ranks of countries who have caught the "gold fever".

Other wealthy individuals are silently, but steadily allocating some of their phenomenal profits that they have received from this record breaking stock market, into precious metals. Perhaps sensing that the top is near and that the inevitable correction is forth coming.

Whether or not 2018 is the year that we see a collapse is yet unknown, but likely we are going to see a much clearer picture painted as the 2018 midterms wrap up and come to a close.

Many analyst are predicting that we may see a massive correction if Trumps GOP suffers significant losses, as consumer confidence may be rocked and businesses may begin to second guess many of their recent decisions.

Whether you like him or not, President Trump has been incredibly pro "US" businesses, enacting massive tax cuts, which has led to a surging bull marke, of which until recently, showed no signs of slowing down.

With the odds looking like they are trending in the favor of Democrats taking the House, many of the GOP's pro business plans may come under fire, leading to a decline in the general markets.

Central banks around the world are taking notice of this, plus the stark reality that the globe now faces, with geopolitics in turmoil.

This is leading to massive accumulation of precious metals, the likes of which we haven't seen since 2013. 

It is estimated that Central banks will add a net 450 tonnes to reserves throughout 2018, highlighting the fact that uncertainty about the health of the global markets is spreading rapidly.

My prediction is that this is an underestimation and that you will see this number rise considerable as we enter into the last few months of 2018, which looks like it might end with a disastrous bang.

This is just the beginning, and I fear that we haven't seen anything yet. The chaos, and the madness hasn't truly even erupted yet. 

Great turmoil is likely coming and you can rest assured that 2019 is going to be a year for the record books, both for the markets in general, and for precious metals. Prepare accordingly.

- As first seen on the Sprott Money Blog

Will the Midterms Throw A Wrench Into the Markets?

Will Midterms Throw A Wrench Into The Markets? What will happen to gold, silver, platinum, palladium, the US Dollar Index, the DOW, & more if the democrats or republicans win next week? 

We'll explore that as well as discussing the DOW GOLD ratio over the last 100 years. With the recent volatility in the equities market it's important to review how that ratio performs and reacts over time.

- Source, Golden Rule Radio