by Gary Savage
Gold Seek
The banksters, by manipulating the price of gold and artificially creating a bear market, have created what will likely turn out to be one of the greatest opportunities ever seen. I’ve maintained all along this was their goal. To create the most destructive bear market in history, which would then generate the largest bull market the world has ever seen.
Folks, you might as well take advantage of this opportunity. The banksters aren’t the only ones that deserve to get rich. They have destroyed millions of peoples lives as the authorities stood by and watched them run the precious metals markets, and especially the mining sector, down to absurd levels over the last few years. Now they have switched sides and the attacks have stopped. It’s time for price to swing in the other direction. And it’s going to swing so far in the other direction, that I have no doubt before it is over this will be the largest bull market the world will ever see.
U.S. stocks capped the biggest four-day rally in nine months, as bonds rose worldwide on speculation central banks will act to limit the fallout from the U.K.’s vote to leave the European Union.
Benefiting hedge funds and banks that had front-run the fund.
The establishment REMAIN camp peddled the same story for the UK housing market all year, one of a collapse, crash or worse! As operation fear each month ramped up the threats of that which awaited a post Brexit Britain. The house prices crash fear mongering even emanated direct from George Osborne himself who warned: “If we leave the European Union there will be an immediate economic shock that will hit financial markets… That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent.”
Editor’s note: Yesterday, Casey Research founder Doug Casey described the powerful force that’s ruining the country: the “Deep State.”
Part of the challenge with distorted income distributions is that it hollows out the middle class. The middle class in the United States is now a minority. We have more people making higher incomes and more people making way less and this group is growing much faster. Our economy has taken a bimodal distribution with extremes on both sides. We have a record number of people on food stamps but also a record number of higher income households. The only problem is that the low range of the ladder is growing much faster than that at the top. For every person that makes it into the upper income brackets you have three that fall out of the middle class and into the low income wage trap. Part of the political anger we are seeing in the US and other parts of Europe is that the elites are simply ignoring the needs of the masses. In many cases this purposeful ignorance is because their wealth is built on keeping many stuck on a perpetual hamster wheel where productivity gains only go to a small section of society.
“These people think they are God. They think they can do anything they want.”
On the heel of an absolutely wild trading week, China is about to shock the world and the global markets.
I’m sure by now you’ve heard all about the Brexit drama.
This episode starts out with an introduction on buy downs and then finishes up with a live recording of Jason’s session on SWOT aka Strengths, Weaknesses, Opportunities, and Threats, as they apply to the most historically proven asset class in the world. Jason explains why the imperfection and fragmentation of the U.S. real estate market make it a beneficial investment vehicle and why it outperforms Wall Street and stocks every single time.
On Monday, June 20, 2016, I stood in the London Eye Ferris wheel. I was just across the Thames from the UK Houses of Parliament, standing with a film crew to record an urgent warning. I said that the Brexit vote, coming just three days later on June 23, could produce a financial earthquake.
What makes a city great? With the UK now facing an uncertain future outside the European Union, it is a question that will become increasingly pertinent as the government attempts to negotiate a new trade deal that enables it to remain in the single market and continue to be one of the world’s economic powerhouses.
In the late 12th century while the rest of Europe was choking on feudalism, Venice was rapidly becoming the most advanced power on the continent.
On Thursday, our pal Jim Willie stopped by for another holiday weekend podcast. Making it even more special was conducting this program in our A2A format where our Vault subscribers got to ask the majority of the questions. The result is 90 minutes of compelling audio that you’re definitely going to want to hear.