oldradioeconomy

THE GOLD PRICE CANNOT ESCAPE THE CHAINS FROM COMEX AND THE LBMA WITHOUT SIGNIFICANT EXTERNAL FORCES. THEIR COMMON NAKED SHORTING COSTS NOTHING AND CONTINUES UNABATED WITH FULL IMPUNITY. People innocently look to the COMEX price as though it might someday show a much higher proper price. It is difficult to say how this might happen under the current structure. Instead, it will go dark from irrelevance amidst a crime scene with yellow cordon tape. The competition by Eastern nations to set a fair just price based upon equilibrium is loudly demanded, and it will come, possibly very soon. The BRICS Union with their SCO-EX exchange will show the way out of the criminal darkness. The Gold price is stuck in the $1950 to $2050 per oz range, smothered by a corrupt 2-ton wet blanket with a stench of propaganda in the air, even the rot within platforms certain to result in collapse. Amidst the recent bank crisis, bond crisis, and USGovt debt dilemma, Gold should have risen by 50% in price. It did not because it cannot. The Eastern trade union will show the way in price reform.

The #jobs market is finally cracking just as the #dollar and U.S. Treasuries are breaking down and crude #oil and other commodities look ready to break out. This is the worst case scenario for the #Fed, the U.S. #economy and the #StockMarket, and the best case scenario for #gold.

Yellen Warns Against "Winner Take All" Fight With China

Like Celente said we cant survive

Economical collapse will increase crime rates

Gerald Celente said the dollar trend is scary let's talk about it...

Local Government Funding Vehicles are offering very high interest rates to fund infrastructure. The interest rates are not sustainable.

Citigroup said NII in its Treasury & Trade Solutions business, which handles operating cash and payments for corporations and makes trade loans, jumped 42% from a year-earlier. The bank said it expects NII to continue to increase this year, which will soften the blow from a slump in deals.

The Obama regimes policy of bailing out the financial fraudsters responsible for the 2008 crash while foreclosing on their victims, reduced American homeownership from 70% to 63 percent. The Urban Institute predicts further declines. Today homeowners’ equity has declined from 85% after World War II to one-third, leaving two-thirds of homeowner equity in the hands of creditors.

important mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

important mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

important mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

important mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

In part two of Jim Rickards’ discussion with our Daniela Cambone, the NYT best-selling author said, “inflation can go a lot higher,” because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, “negative, they’re going down,” and with rising inflation, people will not spend money elsewhere which can slow the economy further, he asserts. If the Fed continues down its projected path of rate hikes, “then they will cause a recession, it will absolutely happen,” Rickards predicts. He paints a grim picture of the coming digital dollar that can be seen as a, “totalitarian mechanism,” comparing the new technology to a full surveillance state which is already being played out in China. “Bitcoin is part of a larger digital environment that has erased the concept of money,” Rickards concludes, saying we are in a current state of “moneyness,” due to the definition of money being unknown.

In part two of Jim Rickards’ discussion with our Daniela Cambone, the NYT best-selling author said, “inflation can go a lot higher,” because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, “negative, they’re going down,” and with rising inflation, people will not spend money elsewhere which can slow the economy further, he asserts. If the Fed continues down its projected path of rate hikes, “then they will cause a recession, it will absolutely happen,” Rickards predicts. He paints a grim picture of the coming digital dollar that can be seen as a, “totalitarian mechanism,” comparing the new technology to a full surveillance state which is already being played out in China. “Bitcoin is part of a larger digital environment that has erased the concept of money,” Rickards concludes, saying we are in a current state of “moneyness,” due to the definition of money being unknown.

Jim Rickards on Fed policy, why it will fail, why supply chain disruption’s getting worse, Ukraine sanctions, and why food shortages are next.

Jim Rickards on Fed policy, why it will fail, why supply chain disruption’s getting worse, Ukraine sanctions, and why food shortages are next.

mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.