money printing

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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

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David Stockman: The World Economy Is At An Epochal Pivot

A 'Great Reset' approaches
Friday, August 10, 2018, 7:00 PM

David Stockman warns that the global economy has reached an "epochal pivot", a moment when the false prosperity created from $trillions in printed money by the world's central banks lurches violently into reverse.

Stockman's main warning is that there's no bid underneath this market -- that when perception shifts from greed to fear, the bottom is much farther down than most investors realize. In his words, it's "rigged for implosion".
 
He predicts a Great Reset is imminent. One that, for those who see it coming and take prudent action today, will offer tremendous, perhaps once-in-a-lifetime, investment opportunity once the dust settles.
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

Podcast

Ronald Stoeferle: Gold Is Dirt Cheap Right Now

And a new bull market for the metal is beginning
Tuesday, June 12, 2018, 11:38 AM

Fresh from releasing his exhaustive 230-page annual report titled In Gold We Trust, Ronald Stoerferle joins us to summarize his forecast for the yellow metal.

Stoerferle, an author of several books on Austrian economics and head of strategy and portofolio management at Incrementum AG, concludes that gold is extremely cheap right now in dollar terms. And he sees a new bull market beginning for the precious metal -- one likely to quickly build momentum as the next (and long overdue) financial market correction arrives. » Read more

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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

Dreamstime

Off The Cuff: The Coming Crisis Is Not Only Inevitable, It's Needed

We'll be better off for it (if we survive it)
Thursday, April 5, 2018, 11:22 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Manipulated Markets
    • The plunge protection team is not sidelined yet
  • Manipulated Politics
    • Trade, and possibly kinetic, wars are being engineered deliberately
  • The Silver Lining Of The Next Great Financial Crisis
    • It should put us on sounder footing, if we survive it
  • Positioning To Profit From The Next Crash
    • There are asset classes and trading strategies that hold great promise

John Rubino delivers a hard-hitting rebuke of the current debt-based global fiat money regime, along with its current massive volumes of money printing, and explains why he not only predicts the system must crash, but that we'll be better off for it (should we survive it).

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

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It’s High Time For Action

Get ready for disruption
Friday, October 20, 2017, 8:27 PM

Executive Summary

  • Beware the coming reduction in global central bank money printing
  • The full-blown ecological emergency
  • Uncovering the hidden downside risks to the markets
  • Steps to take now

If you have not yet read Part 1: Are You Infuriated Yet?available free to all readers, please click here to read it first.

I keep circling back to the financial markets because they are the chief signaling agent for most people. As long as the markets are doing okay, people’s attention wanders away from our predicaments and towards believing in the dominant "all is fine" narrative.

But, with the crystal-clear connection we see between asset prices and central bank money printing, prices in today's “markets” are really a creation of monetary policy. As a result, the signals the markets send us increasingly have no bearing on actual reality.

Here’s a good example: McDonalds' stock is hitting new high after new high. This is a function of both the ever-rising markets but also of the company's own internal accounting hocus-pocus.

This chart explains much:

(Source)

The red line tells us that MCD’s revenues are down a stunning 15% since 2014. The green line tells us that their stock price is UP an even more stunning 65% over the same time period.

Meanwhile total debt of MCD’s has mushroomed from $14 billion to $29 billion, while total assets have shrunk. Yet MCD's stock price has risen handsomely.

The critical insight this is telling us about today's markets is... » Read more

Podcast

Lightspring/Shuttestock

Brien Lundin: If They Don't Want You To Own It, You Probably Should

The wisdom (and challenges) of owning safe haven assets
Monday, August 14, 2017, 8:39 PM

One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 -- which was a huge, enormous, $85 billion a month experiment -- commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices -- but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.

To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28): » Read more

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Why This Market Needs To Crash

And likely will
Friday, March 24, 2017, 10:12 PM

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.

Strange as it may sound, it's our opinion that the sooner a major market correction happens, the better. Crash now while there’s still chance of picking up the pieces afterwards and making something useful from them. The longer we push off the inevitable fall, the more destructive it will be and the more difficult it will be to recover from. » Read more

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Banks Are Evil

It's time to get painfully honest about this
Friday, March 17, 2017, 8:05 PM

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil. » Read more