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If You Don't Own Any Bitcoin, Read This

This week it hit $19,000. What's next?
Friday, December 8, 2017, 8:50 PM

Bitcoin's price has gone 'beyond exponential' this week.

Just yesterday, while I was working on this article, it shot up 22% -- from $14,000 to $17,000 (hitting an intraday high of $19,000). And that's after a mind-blowing upwards rocket ride over the past several months. I think it's safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys.

The whole world, especially the 99.99% of us that own zero cryptocurrency, is asking: What happens next? And, What should I do?

Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity?

Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes?

 
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takemetotruth.org

You're Just Not Prepared For What’s Coming

Not even close
Saturday, December 2, 2017, 12:57 AM

All bubbles burst -- painfully of course. That’s their very nature. Mathematically, it's impossible for half or more of a bubble's participants to close out their positions for a gain. But in reality, it's even worse. Being generous, maybe 10% manage to get out in time.

That means the remaining 90% don’t. For these bagholders, the losses will range from 'painful' to 'financially fatal'.

Which brings us to the conclusion that a similar proportion of people will be emotionally unprepared for the bursting of these bubbles.  Again, playing the odds, I'm talking about you» Read more

Insider

Off The Cuff: The Central Banks Are Starting To Really Worry

About the Frankenmarkets they've created
Friday, December 1, 2017, 12:29 AM

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

  • Worried Central Banks
    • The risks of financial instability are mounting
  • The Cryptocurrency Conundrum
    • Can the central banks afford not to contain it?
  • Too Much Leverage
    • When credit tightens, the system will crash
  • Housing Harm
    • Many regional real estate markets are poised to burst

Wolf watches the minutes of the Fed and ECB closely, and concludes they are (finally!) becoming very concerned about the market imbalances that years of central bank liquidity and intervention have resulted in. They desperately want to cool things off, but have no idea how to do so without pricking the massive asset bubbles they have created. Whether they figure out a graceful way to do it or not (and he and Chris bet "not" is much more likely), he sees a fast-approaching sudden end to the era of ever-rising asset prices.

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.
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Off The Cuff: Increasing Signs The Long Bubble Cycle Is Ending

Long-standing trends are beginning to reverse
Monday, November 20, 2017, 3:01 PM

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

  • End-Of-Cycle Signals
    • Long-standing trends are changing
  • Big Trouble In Saudi Arabia
    • Now a powderkeg with a short, lit fuse
  • Central Bank Culpability
    • It's scary how such powerful entities are so clueless
  • Bitcoin Today, Gold Tomorrow
    • Hot capital will seek trusted shelter when crisis arrives

In this podcast, John enumerates the growing number of market indicators he sees that suggest major trend changes are afoot in the economy. He believes the long-standing bull cycle, now at bubble-level extreme asset valuations, is set to reverse.

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.
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Ron Paul: We Are Reaching A Point Of No Return

When the system will break no matter what the Fed tries
Monday, November 6, 2017, 5:08 PM

Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.

As a multi-term member of Congress, Dr. Paul knows the players and policies responsible for the growing unfairness and inequality now rampant in society. He does not expect the offenders will reform willingly. Instead, he predicts the system will collapse under its own unsustainability -- offering a rare and valuable chance then for more sound and fair solutions to prevail. » Read more

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Earn More On Your Cash Savings (With Less Risk)

Explaining the TreasuryDirect program
Friday, November 3, 2017, 9:35 PM

Interested in getting over 16x more interest income on your cash savings? » Read more

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What Could Pop The Everything Bubble?

A crisis that can't be solved by just printing more dollars
Saturday, October 28, 2017, 1:37 AM

The policy of creating trillions in new currency and buying trillions in assets has inflated an 'Everything' Bubble -- a bubble in all the asset classes being supported or purchased by central banks and their proxies.

Many observers wonder: What, if anything, can pop this? » Read more

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Are You Infuriated Yet?

You should be. I certainly am...
Friday, October 20, 2017, 8:27 PM

Both the pension and health care crises are infuriating and self-inflicted wounds.

We could have avoided them by making wiser choices in the past. We didn't. We could limit their damage by making better choices today. We almost assuredly won't.

Anybody who studies the system and its math comes to the same conclusion: the corporations have all the power and they are misusing it for private gain.

An easy prediction to make is that this simmering anger of the populace is going to start boiling over more violently in the coming years. Welcome to the Age of Fury. » Read more

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How To Defend Against An Unfair Re-Set Of The System

Hint: think like the 1%
Friday, September 29, 2017, 8:03 PM

Executive Summary

  • The source of leverage being used to manipulate us
  • The powers that be have a much weaker hand than we realize
  • The increase use of force to control the system will ultimately undermine it
  • What options are available to those who want to free themselves from this supression?

If you have not yet read Part 1: Upon The Next Crisis, The Rules Will Suddenly Change available free to all readers, please click here to read it first.

In Part 1 we surveyed the dynamics driving ever-expanding state control, the state’s priorities in crisis management (secure the state’s authority and the wealth/power of elites) and the authorities’ current preference for indirect control of the market.

Leverage and the Market as a Signifier

Markets are no longer markets—they are simulacra of markets, displaying the superficial appearance but not the dynamics and uncertainties of real markets, which have an unnerving tendency to veer away from the state-approved scripts of permanent, stable expansion.

Why have central banks and states (which includes blocs of nations such as the Eurozone with a centralized governing elite) chosen to cloak their control of markets?

The answer is has two parts:  1) central banks/states must leverage their intervention due to the monumental scale of global markets; owning assets worth hundreds of trillions of dollars is at best awkward in the current arrangement and at worst politically impossible.  

While financial leverage is a relatively straightforward tool, 2) the real leverage is exerting psychological control over the market by transforming market price action into a signifier (i.e. signaling mechanism) that persuades participants to... » Read more

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Upon The Next Crisis, The Rules Will Suddenly Change

For the benefit of the elites; not the rest of us
Friday, September 29, 2017, 8:02 PM

We can add a third certainty to the two standard ones (death and taxes): The rules will suddenly change when a financial crisis strikes.

Why is this a certainty? Human nature, politics and the structure of societies/economies ruled by centralized states (governments). » Read more