Tag Archive for Currency Crisis

Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold,There Won’t Be Any

http://usawatchdog.com/dr-paul-craig-… – Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The West is draining itself of physical bullion. . . If there is a currency collapses and you try to flee into gold, there won’t be any there. The Chinese will have it.” So, is this the year gold and silver stage a big turnaround? Roberts says, “It’s gone on longer than I thought it could go on. I didn’t realize all the deceptive and crooked methods they would use to rig the markets. The notion that a democratic capitalist country having its markets rigged by its own authorities–it blows the mind. This is not normal. What will they do next? I don’t know.” Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.

Opinion on Obama Care Turns Negative, NYT Benghazi Whitewash, Bank Bail-ins Coming in 2014

http://usawatchdog.com/weekly-news-wr… Look at the mainstream media headline: “Health Care signups top 1 Million.” Here’s what they are not telling you. People who have turned negative on government-run health care are at record numbers. A CNN poll says 63% think the new law will make health care more expensive. Did you hear about the New York Times so-called investigation into the Benghazi attack where our Ambassador and 3 other people were murdered? The Times is saying the attackers had no ties to al-Qaeda, and it really was because of an anti-Islamic video. The Times doesn’t even bother to interview key people responsible for security at the State Department such as Eric Nordstrom. Nordstrom testified to Congress that Benghazi ranked “HIGH or CRITICAL in threat categories related to political violence, terrorism . . .” Terrorists struck Russia this week with two separate bomb attacks. More than 30 people were killed and dozens injured. Vladimir Putin has vowed to annihilate the terrorists before the winter Olympics. Gregory Mannarino predicts that money is going to flee stocks and bonds and go into depressed assets such as gold and silver. Join Greg Hunter of USAWatchdog.com as he gives his analysis to these stories and more in the Weekly News Wrap-Up.

John Rubino–The Money Melt Down

http://FinancialSurvivalNetwork.com presents
John and I connected to discuss the latest economic developments. His next book, co-written with GoldMoney’s James Turk will be released any day. John believes that bank lending is about to pick up big time. The reason is simple. Since at least the 1980s, US policy has been to convince us to borrow as much as possible on pretty much anything we could think of. This worked brilliantly until 2008, when homeowners, consumers and businesses hit a wall and private sector defaults began to exceed new loans. Another Great Depression was imminent.

But instead of allowing this natural cleansing process to run its course, governments around the world stepped into the breach themselves, borrowing tens of trillions of dollars to replace evaporating private sector debt. The idea, to the extent that there was one, was to buy time for traumatized consumers and businesses to relax a bit and start borrowing again. So sit back and watch the fun begin again.
Go to http://FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold And Silver – Your Economical Survival Depends On Them.

Submitted by Michael Noonan – Edge Trader Plus Saturday  7 December 2013 We had planned on writing about China’s emergence as the world’s new superpower, while the United States keeps sliding into  Third World status, but we cannot escape the more cogent political implications/ramifications of the diverging paths between the two countries.  Actually, the United States has…

Janet Yellen Exposed, Part 2

Published on Oct 23, 2013

The Schiff Report (10/23/2013)
To Download my 2005 housing bubble article, click the link belowhttp://www.europac.net/commentaries/r…
To watch the full video of my mortgage bankers speech, click the following link
http://www.youtube.com/watch?annotati…
In reviewing this video I realized that I did not emphasize the most foolish of Yellen’s statements. In her praise of “innovative” mortgage products, which include such things as subprime, interest only, zero down, negative amortization, and no-doc loans, Yellen specifically identified homeowners using their houses as investments rather than places to live, and leveraging those “investments” using cash-out refis or home equity loans, as evidence that there was no bubble. So according to Yellen, highly leveraged, real estate speculation was evidence that there was no housing bubble! That the very products that helped fuel the housing bubble and exacerbate the financial crisis proved that there was nothing to worry about! Incredible!!! And she is out next Fed chairman!
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Fed could up QE to $1 trillion a month: Marc Faber

Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC on Monday that investors are asking the wrong question about when the Federal Reserve will taper its massive bond-buying program. They should be asking when the central bank will be increasing it, he argued.

“The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], a trillion dollars a month,” Faber said in a “Squawk Box” interview.

The Fed—which is currently buying $85 billion worth of bonds every month—will hold its October meeting next week to deliberate the future of its asset purchases known as quantitative easing.

(Read moreTreasury yields will still spike to 5%: Societe Generale)

Faber has been predicting so-called “QE infinity” because “every government program that is introduced under urgency and as a temporary measure is always permanent.” He also said, “The Fed has boxed itself into a position where there is no exit strategy.”

The continuation of Fed bond-buying has helped support stocks, and the Dow Jones Industrial Average and S&P 500 Index are coming off two straight weeks of gains, highlighted by record highs for the S&P.

The world is in ‘gigantic asset bubble’: Faber
Marc Faber, The Gloom, Boom & Doom Report, shares his views on how inflation has impacted global wealth.

While there may be little inflation in the U.S., Faber said there’s been incredible asset inflation. “We are the bubble. We have a colossal asset bubble in the world [and] a leverage or a debt bubble.”

Back in April 2012, Faber said the world will face “massive wealth destruction” in which “well to-do people will lose up to 50 percent of their total wealth.”

(Flashback‘Massive wealth destruction’ about to hit: Marc Faber)

In Monday’s “Squawk” appearance, he said that could still happen but possibly from higher levels because of the “asset bubble” caused by the Fed.

“One day this asset inflation will lead to a deflationary collapse one way or the other. We don’t know yet what will cause it,” he said.

By CNBC’s Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.

Debtoxication (ft. ‘Dr Doom’ Peter Schiff)

Published on Oct 20, 2013

Addicted to debt, moving from one quick fix to the next — this is how the world sees America’s debt ceiling saga. With its craving only temporarily satisfied, we’re guaranteed to see a rerun of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable? To canvass these issues, Oksana is joined by ‘Dr Doom’ Peter Schiff, an investment broker who predicted the 2008 crisis.

Follow Oksana Boyko on Twitterhttp://twitter.com/OksanaBoyko_RT

Maguire Predicted Gold Surge – Now Says West Is Collapsing

On the heels of an explosive mid-week surge in the price of gold and continued weakness in the US dollar, today the man who predicted the massive mid-week spike in gold ahead of time warned King World News that the West is now collapsing.  London metals trader Andrew Maguire also spoke with KWN about what…

Euro Soars As The U.S. Dollar Continues To Sink..By Gregory Mannarino

Published on Oct 18, 2013

Cramer, US: “a laughing stock around the world” “They’re saying “lets go into gold, lets get out this dollar”

CNBC’s Jim Cramer said the U.S. is “a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries.”

“If there was a way to be able to take your money out of this country and put it in Germany … if I were Brazil, if I were Japan I would do it immediately,” he said Thursday on “Squawk Box.”

He went on to say that the slumping dollar index, which measures the greenback’s value against a basket of currencies, reflects the current sentiment of investors around the world. They are saying “lets go into gold, lets get out this dollar … lets not be in bonds in the United States, we’d rather be in any other currency because they basically have lost control,” he said.

Getty Images

“There is a notion that there’s a party dissolution, there’s no coming together. … This is a good opportunity—between now and the next wrangle—where you can find a safe haven. Whether it be gold, whether it be the euro, or whether it be, frankly, the Chinese currency,” he said.

The dollar was last down 1.1 percent to 79.64, and off of a one-month high of 80.754 that had been sent on Wednesday.

Many investors believe that the temporary deal to avoid U.S. debt default might prompt the Fed to hold back from reining in it’s massive bond buying program, and may weigh the dollar down further. Cramer noted that the liquidity of the U.S. market is a positive side, but he thinks “the Federal Reserve is in there buying every bond they can right now.”

—By CNBC’s Karma Allen. Follow him on Twitter 

@iam_karma.

Source URL: http://www.cnbc.com/id/101121149?__source=yahoo%7cfinance%7cheadline%7cheadline%7cstory&par=yahoo&doc=101121149%7cCramer:%20US%20is%20a%20laughing

 

The Scary Chart That Has Everyone In Washington Terrified

On the heels of some wild trading in global markets, and the Chinese downgrading the US, today top Citi analyst Tom Fitzpatrick sent  King World News the scary chart that has everyone in Washington terrified.  Fitzpatrick also discusses an incredible price target for gold, along with 3 incredible gold and silver charts he sent KWN.…