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.)
First, over at Seeking Alpha: Revisiting The Silver/Gold Ratio
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The Q2 Platinum Quarterly is now available.
Moving on to stocks, there is this at Bloomberg: Stress at the UN Is Not Shared on Wall Street
Over at FX Empire, here is their most recent predictive piece: Natural Gas Price Analysis
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Taxes and Government Spending:
Illinois’ unpaid bill backlog hits a record $16 billion. (Thanks to Gregg P. for the link.)
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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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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.)
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”
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.)
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
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!