Dec 112014
 
This is the basic information about the global economy. We all know that the global currencies, fiat currencies all of them, are going to collapse. If the currency budget bill in congress passes as it stand and the Dodd Frank bill is gutted, this will represent the first domino in the chain of events toward collapse. Watch this course. There are 24 clips from 2 minutes to 20 minutes long. You’ll be glad you did. The Crash Course has provided millions of viewers with the context for the massive changes now underway, as economic growth as we’ve known it is ending due to depleting resources. But it also offers real hope. Those individuals who take informed action today, while we still have time, can lower their exposure to these coming trends — and even discover a better way of life in the process. We’ll show you how.   Prepare your financial self and buy gold and silver now. Buy Gold Here Buy Gold Here Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Oct 232013
 
Published: Tuesday, 22 Oct 2013 | 11:23 AM ET By: Michael Pento | President of Pento Portfolio Strategies De-crowning the dollar, and the ‘collapse’ ahead CRISIS, PRIVATE DEBT, RISING, CORPORATE LOANS, CONSUMER CREDIT, FEDERAL RESERVE, PETER SCHIFF, INFLATION, QE, TEA PARTY, KARL DENNINGER, NETNET, US: NEWS, BUSINESS NEWS CNBC.com | Tuesday, 22 Oct 2013 | 11:23 AM ET The gradual erosion of the U.S. dollar’s status as the world’s reserve currency has been greatly hastened of late. This is due not only to the perpetual gridlock in D.C., but also our government’s inability to articulate a strategy to deal with the $126 trillion of unfunded liabilities. Our addictions to debt and cheap money have finally caused our major international creditors to call for an end to dollar hegemony and to push for a “de-Americanized” world. China, the largest U.S. creditor with $1.28 trillion in Treasury bonds, recently put out a commentary through the state-run Xinhua news agency stating that, “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.” In addition, Japan (our second largest creditor holding $1.14 trillion of U.S. debt) put out a statement through its Finance Minister last week saying, “The U.S. must avoid a situation where it cannot pay, and its triple-A ranking plunges all of a sudden.” (Read more: Fed in ‘monetary roach motel,’ won’t taper: Schiff) It is both embarrassing and hypocritical to be lectured by Japan about an intractable debt situation. However, the sad truth is we have become completely reliant on these two nations for the stability of our bond market and currency. We arrived at this condition because our central bank has compelled the nation to rely on asset bubbles for growth and prevented the deleveraging of the economy by forcing down interest rates far below a market-based level. For example, instead of allowing debt levels to shrink, the Fed’s virtually free money has now caused consumer credit to surge past the $3 trillion mark by the second quarter 2013; that is up 22 percent in the past three years. And of course, the Federal government massively stepped up its borrowing beginning in 2008, piling on over $6.8 trillion in additional publicly traded debt since the start of the Great Recession. (Read more: It’s back with a vengeance: Private debt)   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jun 012013
 
May 31, 2013 About once or twice a month for the past few years, it’s been a steady ritual of mine to conduct a Google search for the words “all-time high” and “all-time low”. The results provide an interesting big picture perspective on what’s happening in the world. A recent search returned the following results: “Banks Net Income in 1Q Hits All-Time High of $40.3 Billion” “US equity markets remain near all-time highs” “NYSE Margin Debt Hit New Record, Surpasses 2007 Peak” “Foreign holdings of U.S. debt at all-time high” “Beef prices hit all-time high… and expected to rise.” “Gasoline prices down slightly after hitting all-time high” “Premiums for employer-sponsored health insurance reached an all-time high” “Airline fees hit all-time high” “Tuition debt reaches all-time high” “Unpaid student loans reach all-time high in US” “Junk bond yields near all-time lows” “Number of self-employed hits all time low: Report” “US consumer confidence near all-time high” “French consumer confidence at an all-time low” “European unemployment hits all-time high” “European Bank cuts interest rate to all time low” “China business optimism at all-time low” “Asian gold demand to hit all-time quarterly high: World Gold Council” The conclusions we can draw from these headlines seem rather obvious. 1. Inflation is here. It’s understated in official numbers, but from food to fuel to tuition and travel, prices are rising. 2. Such inflation is also fanning the flames of asset prices, both stocks and bonds. And it’s great for bank profits. 3. On the other side of the world, these trends are making Chinese manufacturers quite nervous. And Asia is reacting by stocking up on gold instead of paper currency. 4. Europeans get it too: these are not prosperous times. 5. People in the US don’t seem to get it at all. Despite so many warning signs, the paper currency rise in equities has blinded most folks to the house of cards reality that exists all around them. Candidly, the data points to a rather dangerous forecast… that people will go to bed one night believing that everything is just fine. And then wake up the next morning like the Japanese– to a stock market crash. Or worse… like the Cypriots– to a full-blown crisis. At least the headlines do show a bit of good news– “CNBC viewership at all-time low” “American Idol Season 12 Finale Hits Record Low” Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 252011
 
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse. Become a member of the National Inflation Association for free at http://inflation.us Video time: 30:26 httpv://www.youtube.com/watch?v=eZA0qNsf4m0 Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Apr 072011
 
FORT LEE, N.J., April 6, 2011 /PRNewswire/ — The National Inflation Association (NIA) – http://inflation.us – today released the following article to its members: Gold prices surged today to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of$39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio is now down to 37, compared to a gold/silver ratio of 66 when NIA declared silver the best investment for the next decade. This means that not only is silver up 129% in terms of dollars since December 11th, 2009, but silver has also increased in purchasing power by 1.78X in terms of gold. Gold is the world’s most stable asset and the best gauge of inflation. This brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June. The Fed will surely not call it QE3, but NIA can pretty much guarantee that the Fed will continue on with their purchases of U.S. treasuries. If the Fed pauses after QE2, it will mean that treasury bond yields will need to surge to a level where they attract enough private sector and foreign central bank buyers in order to not only support the funding of our rapidly rising budget deficits, but to support the redemption of maturing treasury securities. In the month of March, the U.S. government spent more than eight times its monthly tax receipts, when you include the money spent for maturing U.S. treasuries. The U.S. treasury netted $128.18 billion in tax receipts during the month of March, but paid out a total of $1.05 trillion, which included $49.8 billion in Social Security benefits, $47.4 billion in Medicare benefits, $22.58 billion in Medicaid benefits, and $37.9 billion in defense spending. However, by far, the U.S. paid out the most for maturing U.S. treasuries, which equaled $705.3 billion. In order for the U.S. government to stay afloat with only $128.18 billion in tax receipts, it had to spend $72.5 billion from its balance of cash, which ended the month at $118.1 billion, and sell $18 billion worth of TARP assets. But most importantly, the U.S. treasury had to sell $786.5 billion in new treasury bonds. The U.S. government is the largest ponzi scheme in world history. We can only fund our government expenditures and pay off maturing debt plus interest, by issuing larger amounts of new debt. (more…)
Mar 312011
 
The earthquake, tsunami, and nuclear disaster that hit Japan this past week and the destruction that it caused is nothing compared to the tsunami of inflation that will soon hit the U.S. as a result of this crisis. A tsunami of inflation in the U.S. will mean a complete collapse of our monetary system, which could lead to millions of deaths due to a lack of food and heat. 44 million Americans are now dependent on food stamps, but when the U.S. dollar becomes worthless as a result of hyperinflation, the government will no longer have the power to support these Americans and many of them will simply starve to death. Japan’s citizens were smart enough to save up $885.9 billion in U.S. treasuries to spend in a situation like it finds itself in today. The U.S. has no such savings and is the world’s largest debtor nation. Our ability to survive depends on our ability to print money that has purchasing power. The only reason the U.S. dollar still has purchasing power is the dollar’s status as the world’s reserve currency. All Japan has to do is sell their U.S. treasuries and they will have the financial resources necessary to rebuild the parts of their country that were destroyed by this past week’s disaster. However, U.S. Treasury Secretary Timothy Geithner said on Tuesday that he doesn’t think Japan will unload their $885.9 billion in U.S. treasuries. It remains to be seen if Japan will do the right thing and sell their U.S. treasuries or if they will make the mistake of continuing to artificially prop up the U.S. economy. The Central Bank of Japan (BOJ) in recent days has already been repeating many of the same mistakes the Federal Reserve made in the U.S. After this past week’s disaster, the BOJ printed hundreds of billions of dollars worth of yen in an attempt to prop up their financial markets. Japan’s central bank should be raising interest rates, which would encourage its citizens to increase their savings so that they have more resources to rebuild their country and invest into the production of clean energy. By printing trillions of yen out of thin air, the BOJ will cause prices to rise for the very building materials the Japanese need to purchase in order to rebuild. Although the yen has been rising in recent days, it would be strengthening a lot (more…)