by Bill Bonner, Acting Man:
Under a gold standard, the amount of credit that an economy can support
is determined by the economy’s tangible assets, since every credit
instrument is ultimately a claim on some tangible asset. […] The
abandonment of the gold standard made it possible for the welfare
statists to use the banking system as a means to an unlimited expansion
of credit.
— Alan Greenspan, 1961
BALTIMORE – That old rascal! Before joining the feds, former Fed chief Alan “Bubbles” Greenspan was a strong proponent of gold and the gold standard. He wrote clearly and forcefully about how it was necessary to restrain the Deep State and protect individual freedom.
Then he went to Washington and faced a fork in the tongue. In one direction, lay honesty and integrity. In the other, lay power and glory.
Under the Bretton Woods monetary system, the U.S. promised foreign central banks that it would convert their dollars to gold at a fixed price of $35 an ounce. This constrained the amount of dollars the U.S. could print to the amount of gold it had in its reserves.
Read More
Under a gold standard, the amount of credit that an economy can support
is determined by the economy’s tangible assets, since every credit
instrument is ultimately a claim on some tangible asset. […] The
abandonment of the gold standard made it possible for the welfare
statists to use the banking system as a means to an unlimited expansion
of credit.— Alan Greenspan, 1961
BALTIMORE – That old rascal! Before joining the feds, former Fed chief Alan “Bubbles” Greenspan was a strong proponent of gold and the gold standard. He wrote clearly and forcefully about how it was necessary to restrain the Deep State and protect individual freedom.
Then he went to Washington and faced a fork in the tongue. In one direction, lay honesty and integrity. In the other, lay power and glory.
Under the Bretton Woods monetary system, the U.S. promised foreign central banks that it would convert their dollars to gold at a fixed price of $35 an ounce. This constrained the amount of dollars the U.S. could print to the amount of gold it had in its reserves.
Read More
‘How do you not understand that the world is being pulled in an irreversible direction?’
from Russia-Insider:
Vladimir Putin has finally taken the kid gloves off.
The Russian president was meeting with foreign journalists at the conclusion of the Saint Petersburg International Economic Forum on June 17th, when he left no one in any doubt that the world is headed down a course which could lead to nuclear war.
Putin railed against the journalists for their “tall tales” in blindly repeating lies and misinformation provided to them by the United States on its anti-ballistic missile systems being constructed in Eastern Europe. He pointed out that since the Iran nuclear deal, the claim the system is to protect against Iranian missiles has been exposed as a lie.
Read More
from Russia-Insider:
Vladimir Putin has finally taken the kid gloves off.The Russian president was meeting with foreign journalists at the conclusion of the Saint Petersburg International Economic Forum on June 17th, when he left no one in any doubt that the world is headed down a course which could lead to nuclear war.
Putin railed against the journalists for their “tall tales” in blindly repeating lies and misinformation provided to them by the United States on its anti-ballistic missile systems being constructed in Eastern Europe. He pointed out that since the Iran nuclear deal, the claim the system is to protect against Iranian missiles has been exposed as a lie.
Read More
S&P 500 Opens At Record High
BofA Does The Full Math On What Minimum Wage Hikes Really Mean
Fear The No Fear
Risk On/Risk Off: What Schizophrenic Markets Are Telling Us
Key Events In The Coming Week
"Wrong Way Gartman"...
Gartman Capitulates On Shorts: "We Have Had Quite Enough; We Want Out Now"
Is the Dallas police shooting a false flag affair in behalf of gun
control? Is it the result of a war veteran suffering from post traumatic
stress disorder? Is the shooting the beginning of retribution for
thousands of wanton police murders of US citizens in the 21st century?
Or is there some other explanation?
This is what a nation looks like when it starts melting down from
within. A series of very disturbing incidents of police brutality
against young black males has caused a firestorm to erupt all across the
country. You would have thought that the massacre of police in Dallas
would have caused everyone to step back and reflect on what is really
causing this cycle of violence, but instead the nationwide protests have
gotten even bigger and more intense. Over the weekend, protesters
attacked police with rocks, bricks, bottles, fireworks, chunks of
concrete, Molotov cocktails and rebar from a construction site. In
return, police fired pepper spray, smoke bombs and tear gas at
protesters. As I write this, Black Lives Matter Leader Released After Night In Prison
Theresa May Confirmed As New Leader Of Tory Party, Most Likely Next UK Prime Minister
Sterling Surges, UK Stocks Enter Bull Market After Andrea Leadsom Quits UK Leadership Race
S&P 500 To Open At All Time Highs After Japan Soars, Yen Plunges On JPY10 Trillion Stimulus
2007 All Over Again... Banking Crisis Imminent
70% Of German Bonds Are No Longer Eligible For ECB Purchases
Brexit Ironies Mount: Belgian Premier Warns EU Won't Help UK Out Of "Black Hole"
by Jim Willie, Silver Doctors:
Several
important factors work in a powerful manner to debilitate, to distort,
and to wreck the global financial and economic system. It is
long past the point of effective remedy. After the Lehman kill event,
every conceivable wrong move and policy was made and implemented. The
investment in the corrupt elements has been so profound in the last
several years, as to make remedy impossible. The official policies have
been so errant and heretical, as to make remedy impossible. The
distortions with the broken elements have been so dedicated in service
to the ruling banker class, as to make remedy impossible.
The degree of destruction has been so comprehensive and complete from desperate measures taken to preserve the system, as to make remedy impossible. The only working goal and objective for the ruling banker class is to prolong the inevitable death event, the collapse, the breakdown assured to cause a powerful sequence of events where the financial and economic system is seen as totally wrecked by even the naïve and ignorant unwashed masses. The ruling bankers realize no remedy is possible. They are just trying to steal as many assets and accumulate as much gold as possible before the main bust event.
Read More
Several
important factors work in a powerful manner to debilitate, to distort,
and to wreck the global financial and economic system. It is
long past the point of effective remedy. After the Lehman kill event,
every conceivable wrong move and policy was made and implemented. The
investment in the corrupt elements has been so profound in the last
several years, as to make remedy impossible. The official policies have
been so errant and heretical, as to make remedy impossible. The
distortions with the broken elements have been so dedicated in service
to the ruling banker class, as to make remedy impossible.The degree of destruction has been so comprehensive and complete from desperate measures taken to preserve the system, as to make remedy impossible. The only working goal and objective for the ruling banker class is to prolong the inevitable death event, the collapse, the breakdown assured to cause a powerful sequence of events where the financial and economic system is seen as totally wrecked by even the naïve and ignorant unwashed masses. The ruling bankers realize no remedy is possible. They are just trying to steal as many assets and accumulate as much gold as possible before the main bust event.
Read More
by Mac Slavo, SHTF plan:
As the Chairman of mineral bank First Mining Finance and the CEO of First Majestic Silver,
one of the world’s largest primary silver producers and this year’s
best performing stock on the Toronto exchange, Keith Neumeyer has an
intimate understanding of silver’s strategic importance. Not only has it
served as a trusted currency of last resort throughout history, but the
modern world simply couldn’t function without it.
In his latest interview with SGT Report Neumeyer highlights the fundamentals responsible for silver’s meteoric rise. You may recall that Neumeyer is the only Chief Executive who haspublicly called out the manipulation schemes being operated by a small concentration of institutional players who are likely acting on the behest of governments and central banks in an attempt to control prices.
Read More
As the Chairman of mineral bank First Mining Finance and the CEO of First Majestic Silver,
one of the world’s largest primary silver producers and this year’s
best performing stock on the Toronto exchange, Keith Neumeyer has an
intimate understanding of silver’s strategic importance. Not only has it
served as a trusted currency of last resort throughout history, but the
modern world simply couldn’t function without it.In his latest interview with SGT Report Neumeyer highlights the fundamentals responsible for silver’s meteoric rise. You may recall that Neumeyer is the only Chief Executive who haspublicly called out the manipulation schemes being operated by a small concentration of institutional players who are likely acting on the behest of governments and central banks in an attempt to control prices.
Read More
from The Burning Platform:
For all the linear thinking people out there, do you need any more
proof of the cyclical nature of history than the last two weeks?
Politicians being assassinated in Britain. Then the people of Britain
shocking the world by telling the politicians, EU bureaucrats, and
central bankers to fuck off. Markets in turmoil. Currencies in turmoil.
Then the rule of law is completely trashed by the FBI, DOJ and the rest of the corrupt establishment running this country. Hillary Clinton commits multiple crimes, lies under oath, and skates away free to become the next president of the United States. If ever rational thinking people needed more proof the system is rigged, they got it this week. The simmering anger among the hoi poloi is palpable.
Read More
For all the linear thinking people out there, do you need any more
proof of the cyclical nature of history than the last two weeks?
Politicians being assassinated in Britain. Then the people of Britain
shocking the world by telling the politicians, EU bureaucrats, and
central bankers to fuck off. Markets in turmoil. Currencies in turmoil.Then the rule of law is completely trashed by the FBI, DOJ and the rest of the corrupt establishment running this country. Hillary Clinton commits multiple crimes, lies under oath, and skates away free to become the next president of the United States. If ever rational thinking people needed more proof the system is rigged, they got it this week. The simmering anger among the hoi poloi is palpable.
Read More
from ZeroHedge:
When FBI director James Comey stunned America last week by exonerating
Hillary Clinton for being “grossly negligent” in her abuse of
professional duties, but not criminal, he opened up a whole new can of
worms for the presidential candidate, namely that she had repeatedly
perjured herself and lied to both Congress and the American people.
As a result, House Republicans said Thursday they would seek a new FBI probe whether Clinton lied to Congress about her handling of classified information, as well as whether she perjured herself under oath during an 11-hour testimony before the House Select Committee on Benghazi, That referral could lead to a new investigation, once again putting Clinton under the glare of the Justice Department.
It will hardly be difficult for an objective investigation to refute that Hillary lied: here is a brief summary of points which Hillary has made both on Capitol Hill and elsewhere, which the FBI report officially refuted:
“I did not email any classified material to anyone on my email”
Read More
When FBI director James Comey stunned America last week by exonerating
Hillary Clinton for being “grossly negligent” in her abuse of
professional duties, but not criminal, he opened up a whole new can of
worms for the presidential candidate, namely that she had repeatedly
perjured herself and lied to both Congress and the American people.As a result, House Republicans said Thursday they would seek a new FBI probe whether Clinton lied to Congress about her handling of classified information, as well as whether she perjured herself under oath during an 11-hour testimony before the House Select Committee on Benghazi, That referral could lead to a new investigation, once again putting Clinton under the glare of the Justice Department.
It will hardly be difficult for an objective investigation to refute that Hillary lied: here is a brief summary of points which Hillary has made both on Capitol Hill and elsewhere, which the FBI report officially refuted:
“I did not email any classified material to anyone on my email”
Read More
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