Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Monetization. (See the Economy & Finance section.)
Precious Metals
First, over at Seeking Alpha: Revisiting The Silver/Gold Ratio
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The Q2 Platinum Quarterly is now available.
Stocks:
Moving on to stocks, there is this at Bloomberg: Stress at the UN Is Not Shared on Wall Street
Commodities:
Over at FX Empire, here is their most recent predictive piece: Natural Gas Price Analysis
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EIA Report Kills Bullish Sentiment
Taxes and Government Spending:
Illinois’ unpaid bill backlog hits a record $16 billion. (Thanks to Gregg P. for the link.)
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European Tax on Digital Giants Faces Resistance Led by Ireland
Forex:
Dollar rallies against pound as US Federal Reserve sets date for balance sheet reduction
Economy & Finance (Monetization):
Markets Braced for Fed’s Unwinding of Easy Money JWR’s Comment: Uncle Sugar and his Bankster and Broker Buddies have become addicted to the free money created by Quantitative Easing (QE–also called monetization of public debt.) In the long run, Yellen’s vow to unwind the Fed’s balance sheet will probably be just talk. While they publicly crow about unwinding QE, I suspect that the Fed will actually continue it, apace. They will simply get more creative in their legerdemain. By swapping debt with foreign central banks they can create oceans of new debt. All new monetized debt is inflationary. Every new Dollar will incrementally dilute the purchasing power of the currency pool. Plan accordingly. As I’ve stated before: Tangibles will be your sure safe haven, whilst the Dollar is being destroyed.
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The World’s Biggest Wealth Fund Hits $1 Trillion
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The Titans Of Industry Show Interviews Brandon Smith of Alt-Market
Derivatives:
Hong Kong, Singapore in talks to grab bigger share of derivatives business. (JWRs Comment: Moving derivatives trading offshore to avoid regulation will inherently increase risk.)
Troubling Trends:
The Federal Reserve is setting America up for economic disaster (Has auto-start video.)
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And at The Burning Platform: Kyle Bass: China’s $40 Trillion Banking System Has “Largest Imbalances I’ve Ever Seen”
Tangibles Investing:
This warning was posted a few years back at the eBay site: Buying Mining claims, the good, the bad, the ugly. Keep in mind that in the U.S. only a patented mining claim is yours to keep in perpetuity. (On a patented claim there are no restrictions on building permanent structures. Nor is there any need to regularly “prove up” on mining operations.)
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Hurricane Harvey, Irma and Maria has decimated Texas and Florida and Puerto Rico and made the US print more money to give to FEMA then to give to the people who will be in the same position in a year or 2 when the next hurricane comes along.
With the $6,000.00 to $8,000.00 that is given to the people who would spend the money on a new 55″ flat screen tv and a new $600.00 smart phone for each person in the house, how about providing some updated civil defense information such as printed information on a game cart, action packer boxes and shelf stable foods.
With a $6,000.00 FEMA grant I could outfit a family of 4 with 4 game carts, action packer boxes, tents, sleeping bags, and enough shelf stable foods for over a year and still have money left over.
With proper first in first out management these foods can be rotated and refreshed.
Now add if the “New Madrid Fault” was to blow or Yellowstone was to erupt in the next couple of months. This would be the end of the US as we could not print enough money.
To the people who will be receiving FEMA grants spend the money wisely.
Yea isn’t it sad that we don’t get to live by the beach but we have to pay for those who do when their house gets wrecked…