The New Golden Age: US Meets with North Korea For Summit Preparation

Much to the Mainstream Media's dismay, North Korea has buckled under pressure and is once again returning to the table, for peace talks. They are giving in under the intense pressure exerted by President Trump. Peace is near.

- Video Source

Nomi Prins: How Have Central Banks Evolved Since 2008?

Nomi Prins, the author of “Collusion: How Central Bankers Rigged the World,” explores the triggers for the recent shifts in global central banking and for the increasing coordination among major economies. She highlights five regions and central banks that played integral roles in reshaping geopolitics. She also argues that the policies they implemented in the wake of the financial crisis have created cracks in the global economy.

- Source, Real Vision

Democrat DACA Desperation! Trump Might Get His Wall After All

A few key members of the Democratic party are starting to show signs of fatigue and wear under President Trump's constant pressure. DACA looks like it is on the ropes and this has some members of the left scared. 

It appears that funding for Trump's Wall is closer than ever. Perhaps, it will be built after all.

- Video Source

The US Alone Borrows $3 Billion Per Day, That’s 80% Of World’s Savings!

The US Alone Borrows $3 Billion Per Day - That’s 80% Of World’s Savings! Gold price is irrelevant - It’s independence from a collapsing system that matters. Warren Buffet: If interest rates rise asset prices fall. Implications of being a captive in the closed cashless system.

- Source, McAlvany

With Elections Just Over the Horizon, Turkey Catapults Towards Crisis

Turkey is finding itself stuck between a rock and a hard place as investors flee, desperately trying to get their funds out of the country before the bottom falls out of the market.

Yesterday, the Lira suffered a monumental loss, dropping by the most we have seen in over a decade. This comes on the back of already significant losses, as momentum gains and the fiat currency takes hit after hit, seemingly unable to recover.

We have seen this before, and we will see it again, time after time, as long as countries continue to put their faith in fiat currencies, currencies that at the end of the day are intrinsically worth nothing.

Investors are waking up to this realization, at least in regards to the Lira, as they become increasingly skittish about Turkey's Central Bank and their unwillingness to act on this crisis. Unlike in the United States, the Central Bank of Turkey does not have the ability to freely print fiat currency out of thin air and not suffer massive repercussions, a privilege that the United States abuses on a regular basis, due to their reserve currency of the world status.

Compounding their troubles, or at least for the ruling party, an election looms just over the horizon, and one that the current President Erodgan hopes of winning.

Sadly for him, the timing of this meltdown couldn't of come at a worse time, as elections are set to take place on June 24th. Fortunately, for Western officials, the timing of this couldn't of been better, as hostilities between President Erodgan and Western leaders have been mounting for years, with many labeling him as a "dictator", or a "tyrant".

Regardless of your position on this, the timing of this meltdown is indeed questionable, as it now puts his reelection in doubt.

As stated in the opening of this article, Turkey is indeed stuck between a rock and a hard place, as their growing debt levels are beginning to cripple their economy, due to their weakening fiat currency.

Debt repayments for Turkish corporations continue to grow as their currency continues to decline. Over the next few months, they will need to pay roughly $600 million Lira more for foreign currency notes maturing due to this drop in the Lira.

As you can imagine, this will cause even more investors to flee the Turkish market and the sucking sound of funds leaving the market will continue to magnify, creating a self-fulling prophecy and ultimately an outright currency crash, such as that recently seen in Argentina, unless something can be done and done fast.

Undoubtedly, this ongoing crash played a huge contributing factor in Turkey's recent decision to repatriate of their gold reserves, as they scramble to shore up their defenses and get any form of real, hard money that they can get their hands on.

Unfortunately, we have watched this scenario play out time and time again, and will watch it many more times before the world finally comes to its senses and makes the only logical move that can be made to stop this madness, a return to a hardback form of money, a return to gold.

- Source, As First Seen on the Sprott Money Blog

North Korea Comes Crawling Back: Stresses "Desperate Need" For Summit "Whenever, However"

Update: As if the earlier begging was not enough, it appears Kim wants to make sure that President Trump is aware of his efforts and desire to meet.

Yonhap reports that North Korea's state media said Friday the demolition of its only known nuclear test site has demonstrated its "peace-loving" efforts and pursuit of a "total halt" to nuclear tests.

As we detailed yesterday, North Korea officially demolished the test-site overnight, inviting a number of reporters to witness the event.

And today, the Korean Central News Agency (KCNA) said in English.

"The dismantlement of the nuclear test ground is a vivid manifestation of the DPRK government's fixed peace-loving stand to join in the international aspiration and efforts for total halt to the nuclear test and make positive contribution to building a nuclear free world..."

- Source, Zero Hedge

The Bond Market Is Losing Its Biggest Customer In World History

This week we talk about how the Bond Market is losing its biggest customer in world history, central banks. Liquidity doesn’t exist today without central bank printing and intervention. 

Gluskin Sheff economist David Rosenberg says to prepare for inflation and $3,000 - $5,000 gold. Inflation is an emotion, being caught off guard is the trigger.

- Source, Golden Rule Radio

Giuliani Invokes Comey, Midterms, Says Mueller Plans to End Obstruction Probe by September

Gold And The Us Dollar, Retail Sales Numbers, & Middle East Turmoil

This week we discuss the price drop of gold below $1300, the price movement of the US Dollar index, along side retail sales numbers. Are we poised for a rate hike later this year perhaps as early as this summer? 

We talk about growing geopolitical tensions as Kim Jun Un threatens to cancel the summit talks between the US and North Korea? Plus turmoil in the Middle East alongside a price spike in oil...

- Source, Golden Rule Radio

The FBI Spied on Donald Trump: Legacy Media Runs Massive Damage Control

The MSM is in full blown panic mode, as one of their key moles is being doxxed and uncovered. The curtain has been pulled back and the light is shining brightly on the traitors. What happens next? Will the hammer of justice finally find its nail?

- Video Source, Styxhexxenhammer

Patriots: Trust The Plan, The Plan Is Not Going To Be Straightforward

A relative of the Skripals has been denied a visa by the UK, nobody knows where the Skripals are. Satellite images show NK is dismantling their nuke program, the White House says the talks are still on between NK and the US. Europe tries to keep the Iranian deal together, they are just not sure if they are going to pay Iran. 

Israel and Palestine make a deal, Palestine will take control of their electrical needs. Syrian army has full control over Homs, Russia says the US is hiding and protecting terrorists. The plan is not always straightforward, the plan is complex and many pieces need to be moved into place to make sure everything goes as planned.

- Source, X22 Report

The Trend Away From the Dollar to Gold Continues, Turkey Significantly Increases Reserves

The trend of accumulation continues onward, with no signs of slowly down, despite a sluggish precious metals paper market, a market that at this point can be considered nothing more than a complete and utter farce.

In the West, our central bankers appear to be continuing on with their blissful ignorance, as the world continues to become increasingly more and more financially unstable. With nothing truly solved since the 2008 crisis, but only papered over, we head into the great unknown, just awaiting the next crisis.

Meanwhile, they continue to dis-hoard our vital gold reserves, moving our assets towards the East, who are ecstatic to purchase every ounce, every gram they can get their hands on.

As has been well documented on the Sprott Money blog, both Russia and China have been adding to their gold reserves, in a massive way, with no signs of slowing down. In fact, they have been increasing their purchases, perhaps sensing that the protection that only hard money can offer, will soon be needed.

Adding to this demand in the physical markets, has been the ongoing repatriation of gold reserves by various countries around the world, as they realize that their hard money is held by foreign entities that have become increasingly hostile towards them over the last few years.

This double whammy has created a sucking sound in the physical precious metals markets, which was already thin to begin with. Yet, the cartel have down a fantastic job at keeping the canary in the coal mine silent during this time, suppressing the spot price in the process.

One other country that has joined the fray over the years has been Turkey, who have proven to have a bad case of the yellow metal fever, buying gold hand over fist and repatriating whatever they can get their hands on.

Adding to their reserves, Turkey has continued on with their accumulation trend, tripling their gold imports from 106 mt in 2016, to 361 mt in 2017. A massive increase.

Still, this has not been enough for them, as they are reporting huge investor and central bank demand. This has resulted in a continued accumulation of precious metals, adding another 30 mt in the first quarter of 2018.

Sadly, this gold has to come from somewhere, and it is widely speculated by precious metals experts that this gold is coming directly from the vaults in the West, as they continue to rehypothecate their reserves.

Sooner or later, the jig will be up and the farce will be over. However, they have defied the markets for far longer than anyone would of ever guessed.

The question that many of us have been asking for years now, is how long? How long can they last and how much longer can this fiat dam hold? 

The answer to this is the same as it has always been, who knows, but one thing is certain, eventually the dam will break and one of the greatest bull markets this world has ever seen will unfold as precious metals are set loose and the free market asserts itself. 

Until then, keep taking advantage of these artificially reduced prices and as always, keep stacking.

- As first seen on the Sprott Money Blog

Dave Janda: Global Criminal Syndicate Stripping us of our Freedoms and Money

Dave Janda, host of the popular radio show called “Operation Freedom,” says the coming economic reset that world leaders and global bankers have been talking about for years is coming and it is going to bad, then good. 

Janda explains, “I think what the reset is going to look like is a devaluation of the dollar to a significant degree.

The value of gold and silver is going to be reset to a much higher level. When you see governments acquiring gold and silver and . . . when you see the banksters acquiring huge amounts of gold and silver for their own vaults, it tells me it is going to happen sooner rather than later.” 

But do not fear because the best days for America are ahead. Janda predicts, “I believe the rule of law is going to be restored. I believe all of our lives will be much better. I believe we will have more opportunities than we can imagine. 

We are going to look back on these decades before, and we are going to say we were so oppressed and so persecuted by this criminal syndicate that was stripping us of our freedoms, liberties and our finances across the board, we are going to say how did we not do this sooner? 

How did we not overturn the system sooner? It was so bad then and it is so good now, but that doesn’t mean there are not going to be some tough times in the middle here.”

- Source, USA Watchdog

Gold Is “Radically Undervalued”

Compared to rising oil prices, gold is significantly undervalued and is presented with a good buying opportunity, said Leigh Goehring, managing partner at Goehring & Rozencwajg Associates. 

“Oil will continue to do well. If oil were to go to $100 a barrel and gold were to stay at these levels, we’re getting down to that undervalued area of 10 to 1, where an ounce of gold only buy 10 barrels of oil, at that point I believe gold will be radically undervalued and will take off,” Goehring told Kitco News on the sidelines of the Mines & Money New York conference.

Goehring noted that even in a rising rate environment, gold has opportunities to rally.

- Source, Kitco News

Michael Pento: Super Spike In Precious Metals Coming

Money manager Michael Pento says we will have “deflation” first and then “runaway inflation.” Pento says this means gold is the place to be for the foreseeable future. 

Pento contends, “There is going to be a run on gold like we have never seen before. There is going to be a super-spike in the precious metals.

These are unprecedented times coming, and you should take physical possession of your gold. I like gold and I like silver, and I like platinum. I most especially like gold though. 

This is happening now. The bond bubble is bursting.”

- Source, USA Watchdog