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Frogs Aboil / By Andrew Hoffman / April 22nd, 2014

Yesterday, I noted Zero Hedge’s headline at the start of a quiet, post-Easter session in which European markets were closed; i.e., “Sleepy Holiday Market prepares for scripted, daily low-volume levitation.” Today, on yet another quiet news morning, Zero Hedge writes “Traders walk in on another [...]

Japan Proves That Central Banks Cannot Produce Growth With QE / By Graham Summers / 22 April 2014

The Keynesian economists managing or advising the world’s Central Banks have always averred that they could pull us out of the weakest recovery in the post-WWII era if they were allowed to have their way.

Their “way” involves rampant debt monetization, also called Quantitative Easing or [...]

The Risks Are Massive: “Will Likely Lead to Famine and Civil Unrest” / By Mac Slavo / April 21st, 2014

With China’s debt now bursting at the seams and the economic outlook in the United States signaling a major recession the governments and central banks of the world are very rapidly running out of options.

So much so that well respected Swiss [...]

Press’ anti-gold scare tactics largely ineffective / By Michael J. Kosares / Sunday, 20 April 2014

Under normal circumstances, I might let a rutty headline about gold in the Financial Times pass without much notice. I say “rutty” because the Financial Times has long been stuck in a rut as one of the principle apologists for Keynesian economics — [...]

The Hidden Motive Behind Quantitative Easing / Hunter Lewis / Saturday, April 19th, 2014

Foreign individuals and businesses long ago cut back on their purchases of U.S. bonds. Their place was taken by foreign central banks. The central banks simply created money in their own currency and used it to buy our bonds.

The Federal Reserve [...]

What Oil War Premium? / by Tyler Durden / 04/17/2014 21:17 -0400

Central bank’s ongoing and so-far-successful efforts to crush short-term volatility and encourage hapless individuals into the world’s nominally rising stock markets has had consequences. Inequalities abound (rich vs poor, corporate profits vs capex/jobs, bond yields vs growth hopes) but nowhere else is this more evident – [...]

Economic outlook darkens / By Alasdair Macleod / 17 April 2014

Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis. That moment could be drawing upon us, signalled by the recent [...]

S&P Futures Lift Back Into Green For 2014 / by Tyler Durden / 04/16/2014 08:05 -0400

As we noted earlier, yesterday’s ramp and the continued push higher in futures overnight has been stoked by first Japan, then China, and then Europe headlines proclaiming the great news that economic data is bad enough for the central banks to come back to refill the [...]

Hardly a mention of central banks in FT report on London gold fix / By Xan Rice / Tue, 2014-04-15 13:36

On the morning of September 12, 1919, just 10 months after the end of the first world war, bankers at NM Rothschild & Sons in London sat down to calculate a fair price for gold.

They had been asked to do this by the Bank of [...]

What Happens When ‘All Assets Have Become Too Expensive?’ / By Wolf Richter / APRIL 14, 2014 AT 9:30PM

A new report from Natixis, the asset management and investment banking division of Groupe BPCE, the second largest bank in France and one of the largest megabanks in the world with over $1.4 trillion in assets, predicts what daredevil voices at the maligned margin [...]

Behind The Fed’s Monetary Curtain: Wizards? Or Scarecrows Who “Do An Awful Lot Of Talking” / By Joseph Calhoun via Alhambra Partners / 04/14/2014 17:06 -0400

The Wizard: I AM OZ…the Great and Powerful! Who are you? The Wizard: Pay no attention to that man behind the curtain! The Great Oz has spoken! Dorothy: How can you talk if you haven’t got a brain? Scarecrow: I don’t know. But [...]

BIS Ex-Chief Economist: “I See Speculative Bubbles Like In 2007″ / By Tyler Durden / 04/11/2014 18:05 -0400

Yet again, it seems, once senior political or economic figures leave their ‘public service’ the story changes from one of “you have to lie, when it’s serious” to a more truthful reflection on reality. As Finanz und Wirtschaft reports in this great interview, Bill White – [...]

Does the Gold Price reflect true gold Demand and Supply? / By: Julian D. W. Phillips / 11 April 2014

In short, no it doesn’t! We will look at why not, in this article.

The Gold Fix

Despite the furore surrounding the Gold Fix [unfairly, we believe] it is a singularly determined attempt amongst commodities to set a twice daily price that [...]

If inflation is really not dead but resting then precious metals and oil are the thing to be buying / 11 April 2014

Buying stocks on the momentum trade as central banks around the world gradually hiked their monetary bases over the past five years has been a winning hand. However, the next stage of the central bank plan is to overshoot on monetary expansion and force inflation to reduce the real burden [...]

Foreign Central Bank Holdings of US Treasuries back on the Rise again / Dan Norcini / Thursday, April 10, 2014

A while back, I posted a chart of the Custodial Holdings of Treasuries for Foreign Central Banks that revealed a sharp drop in the number held from over $3.021 trillion to near $2.855 trillion, or about $166 billion. At the time I mentioned it was rather [...]

Now That the U.S. and China Have Picked the Low-Hanging Fruit, Peak Everything Looms / April 10, 2014

With no plan to manage an economy in which expanding credit no longer generates growth, the two nations are rapidly reaching Peak Everything. Let’s call the strategy of picking all the low-hanging fruit in an economy Plan A: you know, expanding credit, lowering interest rates, building infrastructure, fueling speculative frenzies, [...]

Is Desperation Setting In? / April 9, 2014

Central banks in the West are emptying their vaults in an attempt to maintain the illusion that the national currencies they manage are immune to monetary debasement. The central banks are trying to perpetuate a system in which governments believe they can borrow and print money endlessly to fulfill the [...]

China’s Demand for Gold Has Trapped The West’s Central Banks / By Adam Taggart / April 9, 2014, 6:12 PM

Every once in a while, an Off the Cuff interview is so important that we decide to make it available to the entire public. This is one of those occasions.

In this week’s Off the Cuff podcast, Chris and Alasdair Macleod build on the [...]

Next surprise for investors will be global inflation as economies recover says Skandinaviska chief strategist (video) / 09 April 2014

Central banks will keep pumping up the global economy until inflation does develop and that will be the next surprise for investors. How do they prepare for that? Buy gold? Mining stocks? Broader equities could be a loser in this game.

Skandinaviska Enksilda Banken chief strategist Thomas Thygesen discusses growth [...]

40 Central Banks Are Betting This Will Be The Next Reserve Currency / by Tyler Durden / 04/08/2014 22:42 -0400

As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or [...]

Ignore The Lies and Protect Your Wealth / By Andrew Hoffman / April 8, 2014

It’s early Tuesday morning, and I’m sitting in one of the most peaceful places imaginable the Denver airport at 5:00 AM, where I’m the only sole in sight. This evening, Miles Franklin is hosting a “Protect Your Wealth” dinner in Minneapolis, Minnesota where Andy Schectman and [...]

Gold Up-Date / By David Levenstein / April 8, 2014

Hedge yourself against Geopolitical Tensions and Expansionary Monetary Policies of Central Banks with Gold

It has been slightly more than two weeks since the price of gold soared to over $1380 an ounce on due to tensions between the US, Europe and Russia over Crimea. As [...]

When Even “Erudite” Economists And Journalists Blast QE / by Tyler Durden / 04/08/2014 08:48 -0400

Are you saying it took the highbrow economist cadre five years to figure out and agree with what we first said in 2009, and for which we received endless ridicule, abuse and accusations of fringe insanity? Yes. We are saying that.

First, from the “erudite” economists [...]

Asian Stocks Tumble After China, Japan Disappoint On Additional Stimulus / by Tyler Durden / 04/07/2014 22:55 -0400

The last time global equity markets were falling at this pace (on a growth scare) was the fall of 2011. That time, after a big push lower, November saw a mass co-ordinated easing by central banks to save the world… stock jumped, the global economy spurted [...]

Marc Faber – The Horrific Plan Of The Elites & The Crooked IMF / April 4, 2014

Today legendary Marc Faber spoke with King World News about the horrific plan of the global elites and the crooked IMF. This is part I of a stunning series of written interviews that will be released today on KWN. Below is what Faber had to say in this powerful interview.


Central Banks Have a New Trick Up Their Sleeves… Will the Markets Buy It? / By Graham Summers / April 4, 2014

The global Central Banks are relying increasing on verbal intervention.

The reasoning here is very simple: actual monetary policy is proving to have marginal effects. In the US, every new wave of QE has had less and less impact on the stocks.

I mention stocks specifically [...]

Free Money Thursday – Chinese Stimulus To the Rescue! / By PhilStockWorld / Apr 03, 2014 – 03:21 PM GMT

China gave the markets a big boost this morning by announcing an immediate $25Bn program for railway construction and another $50Bn a year for “more stuff.” That sent the Nikkei flying to 15,150 but then Chinese Non-Manufacturing PMI fell to 54.5 for March [...]

The Single Most Important Issue For China’s Gov’t… And What It Means For the Global Economy / By Graham Summers / April 2, 2014

As noted previous articles… the global central banks have begun to realize that the success of their reflationary efforts has resulted in yet another speculative bubble in asset classes, specifically stocks and real estate.

Nowhere are these issues more evident today than in China.

Many commentators [...]

If Reflation Is Here, Then Gold Is Your Ultimate Hedge / April 2, 2014

Today’s market situation shows similarities with the reflationary periods of 1897 to 1914 and 1933 to 1939. As we all know, they ended in inflation and war. We are currently in a highly deflationary environment, and the banks are fighting this by pumping up trillions of liquidity in the system, [...]

Dollar Hegemony Under Attack By Export-Superpowers Germany and China / By Wolf Richter / March 29, 2014 at 11:07AM

The word dollar didn’t even come up. “The volume of transactions that can be carried out in the Chinese currency in international and German financial centers is not commensurate with China’s importance in the global economy,” the Bundesbank explained in its dry manner on [...]