John Rubino says we’re going back to basing our monetary system on physical gold & silver. Here’s why… John Rubino interviewed on Future Money Trends There is so much economic turmoil and uncertainty simmering under the surface that it’s hard to keep up with it all, but John Rubino can put the pieces together like…
Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the actual government shutdown in October 2013 as Republicans held the line against more government spending? Become…
We’ve been talking a lot about the rising levels of debt – both government and household. Set in an environment of rising interest rates, this is a huge problem very few people seem concerned about. We’ve been enjoying a big party and it’s about to come to an abrupt end. When it comes to the…
It was only a matter of time. Dark pools, which are notorious for their anonymous transactions, are making their presence felt in cryptocurrency markets. According to a WSJ report, Republic Protocol, which describes itself as a decentralized dark pool for atomic trading of bitcoin, ether, and ERC20 tokens, has raised 35,000 ether ($33.8 million) from crypto…
Nearly a decade after the US unleashed its biggest debt-issuance binge in history, doubling the US debt from $10 trillion to $20 trillion under president Obama, which was only made possible thanks to the Fed’s monetization of $4 trillion in deficits (and debt issuance), the Fed is starting to get nervous about the (un)sustainability of…
Central Banks will Just Let the 2018 Crash Happen If you have been following the public commentary from central banks around the world the past few months, you know that there has been a considerable change in tone compared to the last several years. For example, officials at the European Central Bank are hinting at a taper of…
The world’s top oil importer, China, is expected to launch its long-awaited and delayed yuan-denominated oil futures contract at the end of March, according to Reuters’ sources. The petroyuan is seen as Beijing’s challenge to the US dollar, the dominant global currency in oil contract settlements. UPDATE March 26, 2018: China’s Gold PetroYuan Futures Open:…
Bitcoin is the “biggest bubble in human history” and is coming down “crashing”, Nouriel Roubini, the chairman of Roubini Macro Associates has warned. Bitcoin plummeted to a two month low of $7,695.10 on Friday, according to CoinDesk.com. The cryptocurrency fell 4.72 percent to $8,625.50 at 14:57 in London. Speaking to Bloomberg, Roubini said: “I say it…
In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well. Thirty-six states have already removed sales taxes from precious metals transactions, and bills being introduced this year by sound money advocates in Alabama and Tennessee could add to…
Over the last two years, the Federal Reserve has been nudging interest rates higher and their efforts are starting to bear fruit in the marketplace. Bond yields are beginning to climb. The question is how high can rates go before the house of cards the central bankers built comes tumbling down? As No One Watched…
