Is there any doubt that we are living in a bubble economy? At this moment in the United States we are simultaneously experiencing a stock market bubble, a government debt bubble, a corporate bond bubble, a bubble in San Francisco real estate, a farmland bubble, a derivatives bubble and a student loan debt bubble. And of course similar things could be said about most of the rest of the planet as well.
In fact, the total amount of government debt around the world has risen by about 40 percent just since the last recession. But it is never sustainable when asset prices and debt levels increase much faster than the overall level of economic growth. History has shown us that all financial bubbles eventually burst. And when these current financial bubbles in America burst, the pain is going to be absolutely enormous. Continue reading
At the Capitol this afternoon, U.S. Senator Elizabeth Warren (D-Mass.) received petitions in which nearly 600,000 Americans call for action on the 21st Century Glass-Steagall Act. This bipartisan bill, introduced by Senator Warren along with Sens. John McCain (R-Ariz.), Maria Cantwell (D-Wash.), and Angus King (I-Maine), would address the problem of Wall Street banks that have become too complicated, too conflicted and too powerful, as well as simply too big. Continue reading
Foreign buyers of US residential real estate surged 35 percent last year, with Chinese buyers, searching for moderately priced, safe investments in a sea of economic and political uncertainty, outspending the rest of the world.
Chinese buyers spent $22 billion on US homes in the 12-month period ending in March, or about 24 percent of total foreign sales by dollar value, according to a study released Tuesday by the National Association of Realtors (NAR). That’s up from $12.8 billion, or 19 percent, on the previous year.
Total international purchases of American homes jumped to $92.2 billion, according to the NAR, an increase of $68.2 billion on the year before and $82.5 billion for the year ending in March 2012.
Foreign clients made up about 7 percent of transactions in the $1.2 trillion US real estate market. Continue reading
As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. In previous articles, I have discussed Russia’s “de-dollarization strategy” and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar. But this is not just a story about Russia any longer. As you will read about below, China and South Korea have just signed a major agreement to facilitate trade with one another using their own national currencies, and even prominent French officials are now talking about the need to use the dollar less and the euro more. Continue reading
In an exclusive interview for the Voice of Russia, Peter Koenig talks about “toxic derivatives”, the attempts to recreate the gold standard and the BRICS Development Bank. Peter Koenig is a former World Bank economist with 30 years of experience and the author of Implosion ~ An Economic Thriller.
Voice of Russia: The Wall Street and the big banks have been accused of creating a “perfect economic storm” with its toxic derivative products and reckless lending practices. Is the financial sector the sole culprit? Continue reading
On occasion of the publication of his 8th annual “In Gold We Trust“ report, renowned gold market analyst Ronald Stoeferle points out in this interview some aspects of his latest report and the larger picture, inter alia: the interplay between inflation and deflation; the factors for the weak trend of the gold price during the last 24 months; and the importance of the permanently high stock-to-flow ratio of gold.
Ronald Stoeferle, managing director of Incrementum AG in Liechtenstein, is a Chartered Market Technician and a Certified Financial Technician. He was born October 27, 1980 in Vienna, Austria. During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign in the U.S., he worked for Raiffeisen Zentralbank (RZB) in the field of Fixed Income / Credit Investments. After graduating, Stoeferle joined Vienna based Erste Group Bank, covering International Equities, especially Asia. In 2006 he began writing reports on gold. His benchmark reports drew international coverage on CNBC, Bloomberg, the Wall Street Journal and the Financial Times. Since 2009 he also writes reports on crude oil. In 2013, Stoeferle and his partners incorporated Incrementum AG in Liechtenstein. Furthermore, he is now senior advisor to Erste Group Bank. Continue reading
The top four central banks with the largest balance sheets today are: 1) Federal Reserve: $4.368 trillion, 2) European Central Bank: $2.997 trillion, 3) Bank of Japan: $2.585 trillion, 4) Bank of England: $676.3 billion. The top four central banks currently have total balance sheets of $10.626 trillion.
Eight years ago at the end of May 2006, the top four central banks with the largest balance sheets were: 1) European Central Bank: $1.391 trillion, 2) Bank of Japan: $1.378 trillion, 3) Federal Reserve: $851.6 billion, 4) Bank of England: $163.3 billion. The top four central banks at the end of May 2006 had total balance sheets of $3.785 trillion. Continue reading
Rudolf E. A. Havenstein
Rudolf Havenstein was the architect of the horrifying German hyperinflation of 1919-1923. A lawyer, with no knowledge in economics, Havenstein was the president of the German Reischbank from 1912 to 1923. Even when inflation was running at 100% a day, he believed that Germany was suffering a money shortage.
He was boasting that, besides the printing presses of the Reischbank, he had contracted 133 additional printing firms with 1,783 machines to supply paper money, and more than 30 paper manufacturers worked at full capacity solely to provide paper for the Reichsbank notes.
Havenstein urged the provinces, municipalities and large concerns to print and put into circulation their own emergency money notes. He gave the assurance that he would redeem these notes exactly as if they were Reichsbank banknotes. He kept interest rates at 5% a year when inflation was 100% a day. What madness! Continue reading
Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars
What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. That is an amount of money so large that it is difficult to describe it with words. For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spent 59.4 trillion dollars by now. And most of this debt has been accumulated in recent decades. Continue reading
Do you have a bank account that you don’t actively use or a safe deposit box that you have not checked on for a while? If so, you might want to see if the government has grabbed your money. This sounds absolutely crazy, but it is true. All over the world, governments are shortening the time periods required before they can seize “dormant bank accounts” and “unclaimed property”.
For example, as you will read about below, just last year the government of Australia seized a whopping 360 million dollars from dormant bank accounts. And this kind of thing is going on all over America as well. In fact, all 50 states actually pay private contractors to locate bank accounts and unclaimed property that can be seized. Continue reading
The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden must be liquidated before genuine demand and growth can be restored, which will require radical reform if we are to evoke a genuine cure.
To try and solve today’s debt created crisis with more debt (as the Keynesians are presently doing) can only bring on a bigger bust the next time around, which will require still larger “debt injections” to stave off a still larger crisis. Eventually the economic implosion will be so monstrous that it can no longer be rectified with “corrective debt injections.” Consumers and businesses will have reached their limit. The Keynesian system will have met its Waterloo. Perhaps this denouement has already arrived. Continue reading
Despite the hopes of many the real estate marketplace has not returned to the era of rising prices and expanding home sales. The certainty that once powered real estate sales, the view that real estate was a sure and certain investment, one steady to grow in value, is no longer widespread. To understand what’s going on you have to look at three realities.
The New Realities of Real Estate
First, in a broad sense home prices are rising across the country. According to the National Association of Realtors existing home prices in April were 5.2 percent higher than a year earlier. Continue reading
Their names are familiar to all of us: Cleveland, Flint, Youngstown, Saginaw, Gary, Toledo, Reading, Akron, Flint and Buffalo were all once booming manufacturing cities that were absolutely packed with thriving middle class families. But now most of the manufacturing jobs are gone and all of those cities are just shadows of their former selves. When you drive through many of these communities, you will notice that a lot of people have a really hollow look in their eyes.
Decades of slow, steady economic decline have really taken a toll, and even the architecture in these cities looks depressed. But despite all of the decay, there is still evidence that there was once something truly great about these communities. Will we be able to recapture that greatness before it is too late? Continue reading
People like hard currency and use it every day. It is a check on centralized power. It is private and peer-to-peer. And despite or because of that, some want to get rid of it.
While investigating Bitcoin, Antonis Polemitis once poked fun by imagining how the media would react to the introduction of cash. He titled his parody, “Bizarre Shadowy Paper-Based Payment System Being Rolled Out Worldwide.” Cash has been dubbed “bills” among “the shadowy community of anti-banking libertarians who have been the primary users of cash to date,” the article explains, and “though hard to imagine, cash operates with no consumer protection at all. If your ‘bills’ are stolen or lost, they are gone forever.” Continue reading
In-Stock: Ready for Immediate Delivery
Queen Elizabeth (2014):
One of the most popular and widely distributed British coins available. By 1916, the British Empire covered nearly 2/3 of the global ‘village,’ and these golden gems are still issued to the military forces of many nations as part of their survival gear, as they are still recognized the world over. These are still one of the best buys in the international gold market. “The sun never sets on the British Empire!” Pre-1933 specimens are generally available in Extra Fine to About Uncirculated (AU) condition – however these are brand new 2014 specimens.
~ The Packages ~
2014 Elizabeth Sovereigns
1. 20 piece package at $6,525.00 – delivered! (Minimum Order)
2. 40 piece full roll @ $13,025.00 – delivered!
NOTE: Special payment arrangement will need to be made for the above packages. Call for specifics.
Old Sovereigns – Kings and Queens
3. $332.00 each plus shipping. (Minimum, 4 coins)
BASIS: $1,260.00 spot gold
NOTE: British Sovereigns are recognized worldwide and have been used as emergency money for decades. Allied World War II pilots carried British Gold Sovereigns in their survival kits. Even in Desert Storm, American pilots carried these historic gold coins as their emergency money in case they were downed in Iraqi territory. Clearly, genuine British Sovereigns are private, portable, and have instant liquidity worldwide.
Call NOW TOLL FREE: 800-691-7898
Note: Due to market volatility, prices are subject to change.
~ Terms ~
All orders are final, non-refundable and non-exchangable.
The images shown are illustrative only. They are not displayed to scale. The appearance of actual coins will vary by grade. If you have questions please contact your Republic Trading Group representative at 800-691-7898.
As silver prices slumped 36% in 2013, retail investors took advantage of the dips and sent physical silver demand up 13% to an all-time high, according to World Silver Survey 2014.
Released Wednesday by the Silver Institute, the report showed the main driver of last year’s robust silver demand was individual purchases of bars and coins. Add in a solid recovery in jewelry and silverware fabrication, and retail silver demand rose a whopping 76% in 2013.
Worldwide identifiable investment demand, which includes physical bar investments, coins, and exchange-traded fund (ETF) inventories, climbed 27% in 2013 to reach a three-year high of 247.2 million ounces.
Demand for physical bullion bars more than doubled last year, hitting a high of 127.2 million ounces. Purchases of silver coins and medals surged 38% to a record 118.5 million ounces. Silver ETF holdings increased a modest 48 tons. In contrast, gold ETFs experienced sharp outflows of 880 tons in 2013. Continue reading