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Bad Money

Our debt-based fiat money system poses an existential threat
Friday, September 14, 2018, 6:51 PM

We’re all going to have to be a lot more resilient in the future.  The long emergency, as Jim Kunstler put it, is now upon us.  It comes from every direction, and the trick is going to be remaining alert, oriented and positive.

If ever there was a wake-up call from the natural world it was this year’s weather events combined with the storms from last year.  » Read more

Insider

Shutterstock

Off The Cuff: Expect More Interest Rate Hikes

Hikes that the market has not yet priced in
Thursday, September 13, 2018, 12:20 PM

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Contagion Risk
    • Where will the Emerging Markets melt-down end?
  • Inflation On The Rise
    • Now cresting above 2%
  • More Fed Rate Hikes Coming
    • Not yet priced into the market
  • Gold/Silver Ratio
    • What is today's extreme level telling us?

Recorded last week, Axel -- who has close access to Federal Reserve insiders -- explains why he predicts the Fed will hike rates higher than the market currently expects.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content. » Read more

Blog

Creativa Images/Shutterstock

The End Of Cheap Debt: The Fall & Rise Of Interest Rates

Perhaps the greatest single trend impacting the next decade
Friday, September 7, 2018, 6:54 PM

Total debt (public + private) in America is currently at a staggering $67 trillion.

That number has been rising fast over the past 47 years, following the US dollar's transformation into a fully-fiat currency in August of 1971.

Perhaps this wouldn't be such a big concern were America's income, measured by GDP, we're growing at a similar rate. But it's not. » Read more

Podcast

Public Domain Pictures

Lance Roberts: The Markets Are Now Waving A Huge Red Flag

Another debt-fueled crisis & and hangover approaches
Thursday, August 16, 2018, 9:15 PM

Lance Roberts sees trouble ahead.

As chief investment strategist of Clarity Financial and chief editor of Real Investment Advice, Lance issues commentary weekly on the financial markets. He sees a major market correction/crash dead ahead, likely in early 2019 as the US economy offically slides back into recession -- though he's open to it happening sooner than that.

Based on the huge debt/decifit excess that have built up in the economy, paired with the tremendous overvaluations in asset prices seen in today's markets, Lance expects economic growth to remain anemic (at best) for the coming decade: » Read more

Insider

Off The Cuff: Yes, The Central Banks Really Are Starting To Tighten

Expect EVERYTHING you know about the markets to change
Tuesday, July 10, 2018, 10:40 AM

In this week's Off The Cuff podcast, Chris and Wolf Richter discuss:

  • Tesla As A Symbol Of Silicon Valley
    • Way more hype than substance right now
  • Are Central Banks Really Starting To Tighten?
    • It's looking like indeed so
  • How The Rising Dollar Is Killing Emerging Markets
    • It's just math. Really cruel math.
  • Popping Of The Global Housing Bubble?
    • Australia may be leading the way down

The Fed has reduced its balance sheet so far this year to the tune of $100 billion, and is hoping to be reducing at the rate of $50 billion per month by October. The ECB has announced it will stop making purchases by the end of the year. And, surpringly, even the profligate Bank of Japan is showing signs of reducing its balance sheet.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
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elmercurio.com

Michael Pento: When The Yield Curve Inverts Soon, The Next Recession Will Start

Expected timing: this Fall
Wednesday, June 27, 2018, 3:34 PM

Some day, today's era of insane asset price bubbles will end. But how? Will it unwind in an orderly and polite way, as the world's central planners hope? Or will be disorderly, resulting in painful portfolio losses and mass layoffs?

Michael Pento, fund manager and author of The Coming Bond Bubble Collapse returns to the podcast this week to offer his prediction that events will most likely take the latter route. In fact, he sees the developing inversion of the yield curve as a dependable precursor to the US economy entering recession as soon as this Fall: » Read more

Blog

A Hard Rain's a-Gonna Fall

The prospects for the rest of the year are awful
Friday, June 15, 2018, 6:55 PM

As the Federal Reserve kicked off its second round of quantitative easing in aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. 

History proved Tepper right: financial and other risk assets have shot the moon. Equities have long since rocketed past their pre-crisis highs, bonds continued rising as interest rates stayed at historic lows, and many real estate markets are now back in bubble territory. 

And everyone learned to love the 'Fed put' and stop worrying.

But as King Louis XV and Bob Dylan both warned us, what's coming next will change everything. » Read more

Blog

The End Of Stimulus? (And The Start Of The Crash?)

What the most important chart in the world is predicting
Friday, May 25, 2018, 7:29 PM

Back in January of 2016 we saw what appeared to be, and in my opinion should have been, the end of the Everything Bubble blown by the word's central banking cartel.

The carnage started in the emerging markets. Highly-leveraged positions and carry trades began to unwind. That's a fancy way of saying that all the big, sophisticated investors -- who were busy borrowing heavily in countries with cheap money (the US, Japan, and Europe) and using that debt to speculate in markets offering higher yields (junk debt, emerging markets, stocks, etc.) -- began to reverse their trades.

We are now seeing the same rapidly-deteriorating sequence in the markets today, here in late May 2018. And this time, it doesn't look like the central banks will be able to ride to the rescue as they have time and again over the past decade. » Read more

Insider

afflictor.com

Off The Cuff: The Fed Is Driving Blind

Insider insights from a recent gathering of Fed officials
Monday, May 21, 2018, 3:11 PM

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • The Fed Is Driving Blind
    • QE has rendered all signals useless
  • The Risk Of Recession Is 100%
    • The only question that matters is When?
  • Axel's Report From A Recent Gathering Of Fed Officials
    • From inside the Hoover Institution
  • Forecasting The Price Of Gold & Oil
    • Bullish reasons to hold both right now

Having recently returned from a private gathering of Federal Reserve officials, Axel shares his observations with us. In a nutshell, he sees the Fed as now following the market. His prediction is that they will keep tightening right up to the point where the market buckles under the higher rates, and at that point, it will be too late to prevent a major market correction, and likely, a plummet into economic recession.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Podcast

Nomi Prins: Collusion!

How central bankers rigged the world
Tuesday, May 8, 2018, 4:19 PM

Nomi Prins, Wall Street veteran turned financial industry reformist returns to the podcast this week to explain the findings within her new book Collusion: How Central Bankers Rigged The World.

Nomi has put together a timeline of exactly when and how the central banks have plundered the wealth of the masses since 2008, either directly or indirectly through the loss of purchasing power of the currencies they control. » Read more