Friday, March 19, 2021
👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !!
👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !!
👉How to Invest in Silver with Silver Expert John Lee The Silver Elephant !!
John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Silver Elephant (TSX: ELEF, OTC: SILEF, www.silverelef.com) raised over $100 million and acquired substantial silver mining projects in Bolivia
John Lee is a portfolio manager at Mau Capital Management. He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, and is specialized in investing in junior gold and resource companies. Mr. Lee's articles are frequently cited at major resource websites and an esteemed speaker at several major resource conferences.
Saturday, January 30, 2021
👉Top 11 Reasons The Short Silver Squeeze Is Very Possible
👉Top 11 Reasons The Short Silver Squeeze Is Very Possible
Is a WallStreetBets Silver Squeeze Possible?
Top 11 Reasons The Short Silver Squeeze Is Very Possible
The GameStop, and the Silver squeeze is a paradigm shift that has rattled Wall Street to its very core.
Millions and millions of small investors attacking stock after stock, breaking every greedy hedge fund there is! I'm certain this is Wall Streets' worst fear right now! There's just no way to stop the millions of ants devouring everything that gets in their way!
Just imagine millions of pissed of people SHORTING Facebook, Amazon, Twitter, and other politically activist tech companies.
The Reddit WALLSTREETBETS triggered a run on silver, investors bought 28.3% of last year's ETF total in 1 day.
The math works out, but I doubt the general public would even bother. 10% (or less) of the American population even know what silver or gold even look like.Most people don't have any money in the banks anyways. It would only take a very small percentage to remove funds, buy physical Precious Metals and start the dominoes toppling. In an infinite Ponzi Scheme, until physical supply gets squeezed, no paper short squeeze can happen.
Millions and millions of amateur traders are sticking it to the man as a thank you for 2008.
Meanwhile, the Market manipulators are the ones calling it market manipulation. Is that Not Ironic!
When Wall Street wins, no problem. When Wall Street loses, suddenly we need more regulation. Only because they have lost control to manipulate!!
Rules for thee; not for me.
When a big firm blows out, there should be NO BAILOUT.
If the Millenials can squeeze silver, it's the end of fake Fiat currency. Those crooks changed our real money in 1971 to this fake fiat currency. We the people, are waking up to the corruption in a system that is tainted, broken, and controlled by unethical people.
If we all bought physical gold and silver and demanded delivery on the paper contracts we could bring this great Ponzi experiment called the markets to their knees. There is so much fake paper they couldn’t even cover 10% of it. It would ruin them all.
Wait until we all buy physical silver. Let the games start. Silver bullet into the heart of the banksters. WE THE PEOPLE.
On the first day since the Reddit WallstreetBets group started targeting the short position in the silver market, the amount of metal added to SLV was 14.7% of the entire investment supply from last year! It’s a stunning development, as at that rate, these investors would take the entire amount of silver that went to investment last year, in just 7 trading days!
SLV added 37 million ounces on Friday (according to their data) ! With short squeezes going on in the stock market, that have now spread to the silver market, the first reports are in. And the SLV trust is reporting that 37 million ounces were added in just one single day on Friday! ! Keep in mind that there are other silver trusts that likely added metal as well, and it seems like the Reddit WallStreetBets crowd certainly made an impact yesterday!
A short squeeze on SILVER would be a serious situation. It will for sure expose the Manipulation of Precious Metals. It will bring SILVER to its true value of around $6500 an ounce, being that Silvers market cap is about 1.4 trillion dollars and about so many billions in ETF, Paper, derivates (something like that, whatever it is i could be wrong on this maybe its way more ). If people bought anything silver from physical, to paper, derivatives, ETF and silver mining stocks it would literally bankrupt not just the American economy, but the global economy. All central banks in the world including The IMF would go bust. They would have no choice but to RESET the economy(maybe this is what they want, But thats another story) .
Imagine if people that owned those ETF or Paper and derivatives, and saw the price rising exponentially and wanted to cash in on them or wanted their physical silver in exchange. The banks would not have enough physical silver to cover that they would go bust. Once you Short Squeeze Silver, what is next in Line? GOLD with a market cap of 10 trillion would expose the true value of GOLD which probably sits around $30000 to 40000 an ounce. First we have to get through Silver to do this. Think about it, Bitcoin has a market cap of what 6-700 billion and it sits at $33000. Wait till BTC goes into the trillions with the amount of monetary energy it can and will store. If you can, your best bet is to take all your savings out of your Bank accounts and start of with buying physical SILVER in your hands. (if you want to short squeeze this) Taking your money out of your bank alone will cause banks to suffer greatly. Your money will be lost sitting in the banks. We are living in the Age of Aquarius, the Age of Truth. Age of tech/digital/communication. The liars and cheats will be exposed. It is written in the stars. AS ABOVE SO BELOW. Hold on to your hats this February. Just remember if this is to be done and people may make tons of Money just be sure to share with the less fortunate who weren't able to do this because they lost everything during these times. We the people. It is time to have each others backs. Be well and happy everybody. Buy Physical SILVER not PSLV. Buy the physical not paper ETFs. That is how we break the shorts!
We the people worldwide!
Everyone get on board!!
Silver can destroy the Babylon system.
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Silver is the Epitome of Wall Street manipulation and Its Achilles' heel .Top 11 reasons why the short silver squeeze is very possible:
#1. Naturally occuring, available quantity of gold/silver has a ratio of 1:8, yet the price ratio is 1:70! This ratio could drop massively, increasing the silver price. That's not all: Remember, silver is significantly lighter than Au, so most of the historic silver mines were nearer the surface of the earth - most of those have been depleted and today over 2/3 of silver is mined as a by-product above-groundes. The actual above ground number of ounces of silver is LESS than Gold! That is because over 40% of the annual mining production of Silver is consumed (non-recoverable).
The above ground inventory is so tight that a small group of autists and retards could theoretically wipe out most dealers' inventory in 30 minutes, using pocket change. This pushes the dealer to pressure the spot price.
#2. Green & other future technologies will require a lot of silver for efficiency purposes since it’s the absolute best element to conduct electricity and has other unique properties that no other element can substitute. Many central banks (ECB & FED) have talked about “green QE” = buying corporate stocks that produce green energy technology = Central bank indirectly funds the future silver short squeeze!
#3. Silver is still 50% down from its all time high ten years ago! The quantity of silver mined has been far lower (end even decreasing) than the increase in inflation, and silver is a good hedge against BOTH inflation AND deflation, historically speaking. If accounted for monetary inflation, the natural equilibrium price should be around 1000$, but this can be pushed higher due to the massive short interest of the bullion banks. They already made loss from their silver shorts in 2020, but that was a fraction of the short interest they still have.
#4. Historic justice. The silver price has been artificially kept down for nearly 100 years. First by the US government from 1935-1970 because it was too effective as a hedge against inflation. Afterward, and this was confirmed by WikiLeaks, the US & London bankers took over this role by pushing the creation of the precious metals section at the COMEX so that banks could artificially keep the price down. You see, they let the COMEX or LBMA sell futures contracts and options, and each time many contracts are near expiry and ITM (profitable), they pull a massive naked short. This has been going on for 50 years. But unlike the Gamestop stock, it IS FUNDAMENTALLY UNDERVALUED.
#5. The precedent. The silver squeeze has happened before - when it went from 6$ to 50$ from 1979-1980 - due to the Hunt brothers hoarding the physical and buying more via futures that were supposed to be delivered. But before this delivery, the COMEX changed the rules and demanded futures had to be backed by margin, which is why the brothers got an engineered margin call. This caused the markets to panic-sell their silver, which ended the squeeze. If two brothers can realize the silver squeeze, many retarded brothers can do the same. Important to note here: the Hunts probably achieved their play because they uno-carded the big bullion banks.
#6. The retarded game of musical chairs. They have so much short interest and vastly overstated stored silver reserves (due to double counting & other deceptive accountancy practices), that there's an ENORMOUS divergence between silver traded on paper and actual, physical silver: around 200 to 400 times more paper silver than physical. Gamestop is nothing compared to this. If every autistic retard here demands physical delivery or, even if staying stored in a vault, demands that their silver may not be lent out, the short squeeze of short squeezes could easily be realized.
#7. What if there’s not enough Silver? If they can’t hand over the physical silver, they will legally still be obligated to pay the price of that silver at the moment you exercised your ITM option/contract! But it gets better! If they indeed fail to deliver physical, they have to pay you the gains you made + a premium (extra money), to sort of buy you out of demanding the actual silver. If enough people would use their collective retardedness to decline this premium, the premium would only go up, as would the silver price! And since the counterparty of these options and contracts mostly are big investment banks, they absolutely have the money to pay for this. Seems like a way more effective wealth transfer than stimmy.
#8. Backwardation (retardation) & Shadow contracts. Backwardation is the divergence between the spot price (= buy directly at this moment) and the futures price. More specifically, it means that the current price of spot is higher than the futures price. This is unnatural and certainly in the present macro-economic environment since it implies that financial actors expect that the price will drop. So why did we experience a lot of backwardation last year, during a bull run? Simple: there was such a strong demand that it was easier for providers to deliver later since they didn't have enough physical in inventory. More backwardation = more signs that there is a lack of physical inventory. In fact, there were many signs that the backwardation and actual demand that was physically delivered was suppressed with the use of "shadow contracts". These contracts are deliveries of physical that they try to hide with big boy accountancy tactics. Increase in backwardation and shadow contract = squeeze squeezing squeezier till it will be squeezed.
#9. They Can't issue more silver - unlike the fact you can issue more stocks or fiat! Furthermore, silver is an extremely safe store of value - as electronic means of payment, all depend on electricity, and electricity depends on silver.
When silver shoots to the moon, authoritarian countries, especially The US will scramble to get a strategic supply and thus feed us many tendies. Also, it is an amazing hedge against the unavoidable future inflation, which is necessary to monetize our global debt. Physical ownership also deters paper hands. Lastly, it takes YEARS to properly set a new mine. Today, there's also a growing risk The US will nationalize their mines, further constricting supply.
#10. Alpha JP Morgan has our backs! JPM, due to its actions, is probably on a tight rope above a valley of aggressive criminal lawsuits - for at least the coming few years. It has therefore ended most silver shorts and now mostly holds physical silver. They know they can't short much anymore because the schmuckery needed to manipulate such fundamentals would be gravely persecuted. This is great. The shorts have been taken over by smaller, Melvin-like institutions. These already showed they are way worse at manipulating. Eventually, JPM will ride the wave with the plebs, since the worth of their own physical would then grow multiples! Retards will ride the alpha to screw the beta .
#11. Technical case. If the above wasn't enough, there's also a very strong technical case to be made, my fellow technicals-loving-autists. The bull run is written in the stars, as technical patterns and indicators predicted it long before WallstreetBets & larger retail knew about it.
Buy 100% physical-backed futures/options or just pure physical silver = a) SLV calls - b) PSLV, c) silver & d) Miners (which are less efficient, since miner stocks follow the spot price.) And e) Delivery from warehouses for rich autists that can take them without margin.
DON'T BUY CDF's or FOREX Silver or unbacked futures/option - they're NOT backed and could prove worthless + they facilitate naked short manipulation !!
Signs are the paper Ponzi is already imploding.
As of today, the spot price of silver already rose from $24,8 on 28/01 to 27,6$ on 29/01. And this is just the beginning. Give me Silver or give me death!
Squeeze the Silver manipulators & cut-off the head of the vampire squid. Crash JP Morgan!!
Let’s squeeze the silver shorts!
They have DECLARED WAR on We the people! BUCKLE UP; it’s gonna be a bumpy ride.
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Wednesday, September 30, 2020
👉JP Morgan Fined $1 Billion for Gold, Silver, and Treasury Markets Rigging.
👉JP Morgan Fined $1 Billion for Gold, Silver, and Treasury Markets Rigging.
JP Morgan Chase was just fined $1 Billion by US regulators for rigging the precious metals and treasury markets.
JPMorgan to pay a record $920 million to resolve U.S. investigations into trading practices over its role in the manipulation of global markets for metals and Treasurys. This is the largest fine ever for spoofing in the metals markets.
Scotiabank , who was also recently fined $127 million, together with JP Morgan used spoofing to lower precious metals prices and take the gold right off of the market. The bank quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with spoofing trades.
One billion fine is nothing. JP morgan has trillions. A billion dollars is like a chump change to them.
A drop in the bucket. That's just a small tax on their criminal activities. A drop in the bucket compared to the money they have literally stolen from others. They need to be fined the entire sum they have made in profits doing this over the past 20-40 years. Governments and judicial systems need to punish them severely (not just serious fines but jail as well). And what about retail investors who have lost and or suffered stress as a result of JP Morgan's actions?
They should pay compensation for losses due to their manipulation. And they should not be allowed to trade for ten years.
These people should be jailed and shut down. They are criminals running a criminal business.Billion dollar fines obviously are laughed at and isn’t slowing them down a bit. It looks like they could get these fines all day long. Crime does pay after all. Manipulate at will, make 10 billion in profit, get caught, pay a 1 billion fine, no jail time, repeat process. Sounds like a winning strategy to me.
Silver was just slammed again this week. They just keep doing it. It is mind-boggling the extent of the corruption, manipulation, and greed that is constantly on display by these immoral institutions.
Jail time and revoking their license should be the only option. But justice is a comedy in the US. Some people like Jamie Dimon are just simply above the law.
The options market is used to take massive paper profits by the same banks that are shorting futures and spoofing prices down, with little to no risk. The $1 billion fine is clearly not enough. If you REALLY want to fine them, make them pay in gold!
JP Morgan now has in the trillions in gold.
The banks and wealthy individuals have already won by taking possession of gold and silver at discount rates. They’ll be laughing at the fine.Total unaccountability.The system is a mafia-style racket. So they’ll recover that money and its back to the next rort/fraudulent dodgy deal; as usual.
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For eight years, a group of traders at JPMorgan systematically spoofed precious metals and Treasury futures markets by entering hundreds of thousands of orders with the intent to cancel them before execution.
When everyone was short Crocs, the hedgies bought big, causing a short squeeze. If everyone went long silver, the price would come down. If everyone went short silver, they'd cause a short squeeze. The house always wins.
The manipulation by banks has been an on-going debate for more than ten years. However, no one has actually demonstrated through quantifying the data on how and why this actually works; spoofing on the surface may appear to only affect short-term trends, but obviously, this is not the case. Banks and the inside-elites are able to short and basically legally rob all the longs on the way down, close out their short positions and then jump into the futures delivery month to take physical. The only way to stop this is legislation or enforce limit positions.
JP MORGAN should not be allowed to trade in gold and silver due to the conflictual nature of their business. They should also be prevented from contracting the services others to do so on their behalf.
Like HSBC and laundering money for the drug cartels, nothing will change.
A small fine(relative to the profits) , but no one gets arrested. Those who lost their money due to the rigging are not receiving any compensation for their losses, and the crimes continue immediately. The Dimon´s and the likes need to be put behind bars for this to stop.
This was a slap on the wrist, a light slap compared to the profits they've made. The precious metals are getting slammed again—business as usual.
To people who save gold to combat these uncertain times, these spoofing activities are, to say the least, troubling. The fine is not even a slap on the wrist, but rather, just the cost of doing business in order to pocket multiple billions. It is inconsequential to these thieves. I vote for jail time. Surely this will get their attention.
One billion is a kickback for the trillions they've made.
Wrist slapped; keep going. I wonder what sort of miracle it will take in history to see some of these guys go to jail?
This is ridiculous! No more fines; Jail time must be served. Revoke their licenses. Jail the directors. Seize the assets.
Not only should JP Morgan not be allowed to trade gold or silver, I think they should have to give up their entire supply of both for rigging the markets. The fine they received will pale to compare with the gains they will make from manipulating the markets.
You know they have connections when they never go to jail!
It's pretty clear Jp Morgan is part of the club.
This is a con game between the banks and the government. Very profitable for the government. It's more expensive to take the banks to trial.
JP Morgan is untouchable; they are a schill of the Fed. And the Comex is still doing what they have been doing until the Fed is dead. All markets are rigged.
JP Morgan is an agent of the Fed. Their manipulation of precious metals was on behalf of this criminal corporation. This is why the CFTC investigated their silver manipulation for five years and then did nothing. They discovered they were acting on behalf of the corporation. JP Morgan is the same guy that created the federal reserve.
JP Morgan is in collusion with the USDC corporation and the private Federal Reserve bank. You are delusional if you think something will be done about this issue. There are no good guys, only those playing their given role. The price will probably never go above 50 Federal Reserve notes per ounce. These men are silver pushers, and I'm sure they get kickbacks from sellers. Like in the movie Training Day, it doesn't matter what you know, only what you can prove. They are all working together .So don't expect anything to happen. Much more importantly, the government has the authority to manipulate the price of precious metals. They never talk about that because they just want to push the metals, so again they are metal pushers. They create currency because they use people as the surety for the debt of the USDC, and they are US citizens, also known as 14th Amendment citizens.
JP Morgan are above the law and are clearly not going to have to change anything. It seems whatever they do, the Fed has to accommodate. And there is no end in sight to these crimes.
What if the big buyer behind JPMorgan’s gold and silver purchases are actually the U. S. Government. Assuming all the Central Banks are keeping a close eye on each other’s gold reserves (or as close as they can get to China’s).Maybe Uncle Sugar is allowing JP Morgan to manipulate the market to load up (refill) the U.S.’s coffers with physical while JP Morgan gets to keep the profits from the shorts. Since there’s been a lot of attention lately on the fact that some unknown entities were spoofing the market ;and the U.S. regulators appeared to be asleep at the wheel. JP Morgan was slapped with a token fine near the end of the scheme to do some track-covering.
Now the dominoes begin to fall,
As far as prices of the metals are defined by these markets, gold and silver prices are to be open to rigging operations. By doing so, they cause big damage to the economy, and they are stealing people's wealth.
All of this has had the blessing of the US government and the Fed.
Just look at how the SEC and CFTC do act or rather don't act, and it becomes more than obvious. This current financial system is rotten to the core because it was designed that way. It has to implode and be replaced by something that is transparent and honest. Bankers don't even see how that would be possible because they are the problem.
The minuscule fine is strictly PR and designed to look big. In reality, it's just a cost of doing business, and JP Morgan is laughing all the way to the bank...oh, they are the bank! Haha! The spoofing joke is on us. All this charade is about is throwing us a bone, to quiet us down, to put on a show that DOJ/CFTC are doing their job.They are not. This fine changes nothing. The simple fact is this: the Precious Metals markets will continue to be manipulated, and prices suppressed to support the fiat monetary system AND to enable the rich folks to rob gold and silver from the COMEX for a song. Period. Don't look for this to change anytime soon.And before you think that astronomical valuations in terms of dollars will help you, it just might in the short run, but only at the expense of further impairing the markets and the economy and making life in the future more difficult for our posterity.
In the near term, gold is still going to get hit and go back down for a while before the non-choir members rush in. So keep buying the dip. The markets will crash, oh yes, but they will also eventually recover even if this next crash and failure to recover is a function of deflating asset prices. And while many will pile into bonds when that happens, risk-free bondholders who NOW are holding risk-free? Well, they will make a killing. Sure, some who don't generally buy gold will panic enough to scramble for Precious Metals. This will cause prices to go up on this demand, possibly as never before. So for now, keep getting physical gold and silver and hold this in your possession. Don't screw around with phony paper products like the suckers do.
With regard to true measurable value, value is only what governments say it is. Currently, governments have agreed that value is digits on silica chips. Thus, currencies are illusions. Not Real value.
Pure, uncorrupted value equals only the necessities required to sustain life. Hence, currencies, including all other illusions, are known as gambling or taking a chance. In keeping all odds in your favor, for obvious reasons, you may consider real value before choosing the game of chance. Keep on stacking gold and silver, Stay Free, Stay Alive, life is good.
This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Friday, August 28, 2020
👉Indian Households Hoard $1.5 Trillion of Gold !!
👉Indian Households Hoard $1.5 Trillion of Gold !!
People in India adore gold. Newlywed brides are given enough jewelry to break their necks. Peasants store their pitiful savings in trinkets. Wise-guys sport rings like knuckle-dusters and tycoons with broken balance-sheets offer gold at temples in return for redemption. Even as economists and officials beg them not to, Indians splurge on the shiny metal. Nobody around the world more than the indians understands that gold tends to store value and that in the end, gold is money . Gold is not just a luxury in India. Even poor people buy gold. When rural Indians have money in their pockets, they buy gold. Indians buy gold for a variety of reasons, such as for its auspicious sentiment; as an investment. Gold continues to command long term value, a tag for being a safe haven; hedge against inflation, asset allocation, etc. Gold also carries a high perceived value and a high emotional quotient. It reinforces the closeness of relationships. Gold coins in smaller denominations are also considered apt for Corporate gifting and rewards for contests or for commemorative giveaways. In 2019 India imported more gold than any other country—about 831 tonnes or a fifth of global annual supply. That is the same amount that sits in the central bank vaults of Switzerland. Indian families are sitting on the world's biggest private stash of gold, and are rushing to borrow against their jewelry as the precious metal rallies to records, and the coronavirus pandemic fuels an economic downturn. Financial firms and banks are using that demand to lure more customers from pawnbrokers and money lenders. Collectively, Indian households own an estimated 25,000 tons of gold. World Gold Council estimates that Indian households are sitting on a $1.5 trillion hoard of gold, the biggest of its kind. Gold is the lifeblood of the Indian economy. Even now, it is serving as a valuable source of liquidity during the country’s credit crunch. From its side, the board of the Reserve Bank of India (RBI) is considering significantly raising its gold reserves. The RBI is mulling upping its gold holdings from the current level of 6.5% of total reserves to 10%. As part of the move, the Indian central bank would also lower its holdings of US Treasuries. Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons of gold last year. That was the second-highest level of annual purchases for 50 years. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Gold is of serious importance in Indian marriages and very important because people of all ages, whether from the girl side or the boy side, wear attractive gold ornaments. Wedding star - The bride has gold ornaments from her head (mangitakka) to her feet (anklets). Gold is an auspicious precious metal which many believe in bringing wealth and prosperity along with the blessings of Goddess Lakshmi. Also, if the bride - home Lakshmi, brings gold to her new home, the parents-in-law consider it a very lucky omen. Every region in the country has a unique culture and tradition, which is often reflected through their designs. Traditional jewelry from different parts of India is an integral portion of the lives of people in that region, being of great significance to them. It is this cultural uniqueness that has made Indian jewelry extremely desired across the world. It is often through jewelry that other people get to know about a particular culture and tradition; thus, jewelry has helped enlighten thousands of people about a particular culture. Gold is considered a very good investment scheme and acts as a good asset for the family, young children, and at times can also be used as collateral for availing bank loans. India, as a nation, has got a history of pledging gold for educating children, performing a marriage, and fulfills one's immediate needs and/or unavoidable situations. Dual Purposes: Possessing of gold serves dual needs for an Indian woman parent (especially if having a girl child) as the ornament can be worn by the mother as well as the girl and/or lady and/or women. Culture: Southern states such as Tamilnadu and Kerala had a tradition of pure silk sarees, and nevertheless, gold goes as a nice pair for such attire. Indian middle class, as they have the opinion that the resale value is a bit higher (is even higher if bought as a bullion bar) as compared to artificial jewelry. Since India as a nation has got more middleclass households , the vast number of rural and semi-urban families buying approximately five grams per year increases the count and makes them the largest buyers by large. Gold is considered very auspicious among people in India. South Indians in particular prefer gifting Gold to their daughters not only as a symbol of status but as an asset that comes to rescue during her tough times in life. They wish their loved ones on their special occasions with a golden touch as they believe it brings prosperity in their life. Indians think accumulating Gold to be financial security. Many women save from 2000 to 7000 INR and buy Gold even for such small amount as Gold has appreciation value and it accumulates less space and has the strength to withstand any natural disaster like flood.Unlike cash which may be washed away whereas Gold can be worn and does not get affected if dipped in water in extreme cases like a flood. Gold (and silver to some degree) is the only real form of money there is. Everything else is just a form of currency. There's a big difference between the two. Gold is central banking's biggest enemy. The banksters, through manipulation of the Comex, have been beating the crap out of gold since it reached its new high. Gold and silver taking off would be the death of the effectiveness of the printing press. It would poison that magic and vital tree that grows money. They HAVE to protect that tree. Since 1970, Gold is being discredited by the US because you cannot print gold, you have to mine it and shine it, while the paper is easy to print and wipe your ass with. Like the physical properties of the metal itself, gold's eternal stance as REAL MONEY cannot be tarnished. Bury it in corrosive seawater for 1,000 years, and when you bring it back up, all you have to do is remove a few barnacles, and it gleans anew. It won't be hard to cleanse the smears which the usurers have tried to apply to the precious metal either. Gold scares the shit out of Central banks just like Holy Water scares Dracula. Acquiring gold and silver is the only recourse people have if they think the shit is going to hit the fan, and the dollar will, at some point, crash (resulting in mega price inflation via fiat). The assumption and hope are that at some point, we will start over - and those who do have gold and silver will be in a much better position when this happens. Physical gold is decentralized, and the only way for them to centralize it is to print far more ETFs than there is physical gold and use this mechanism to suppress the price of all gold. Now the real trick of gold is a store of wealth, especially in a negative interest rate system. If you have $2000 worth of gold, in 12 months, you will still have that physical amount, but I do not see it being $1800, do you? Once upon a time, you paid 10% interest on the debt but got an 8% return on savings, and that kept up with inflation better. For a whole decade, you have had %2 interest on the debt and 0% on savings, but inflation is vastly greater than 0%. So put $2000 in a bank or even hold it as cash with the inflation of what you would consume goes up. That $2000 will buy you less in 12 months, and every subsequent year the same will happen to it. So that in the end over ten years it is worth far less than what it was a decade ago. You are looking at losing $200 a year in FIAT / CASH. Your savings in a bank got screwed under the current economic policy, and nobody wants to admit it. People need to get woke on what the FIAT banking system actually is. We were only sold the concept of putting your money in a bank, and it would grow with interest, but when the central bank flipped to zero-interest-rate and negative interest rate, that whole concept becomes fraudulent. Inflation outstrips savings. So in years, your purchasing power falls, and if anything, you have to keep throwing 10% of your total savings more at it to actually keep the same purchasing power. THAT IS negative interest rate NIRP. Interest rates, inflation, etc. are relative values, and the absolute change is the combination of them all. Every single time you put your hard-earned money into a bank, the bank takes your money, leverages it, puts it into the Forex market makes millions and billions of dollars on your money, then give you back less than 1% and charge you a Fee for keeping your money in there... Guys, it’s time to beat the banks at their own game and start learning how to have your money work for you. There are several reasons why gold was considered the best money. History confirms this. It's only in recent history that they have tried to erase/discredit centuries of thinking about real money. It's kind of amazing they were able to pull it off. Our grandparents or great grandparents understood that gold and silver were "real money." Their grandkids are clueless. Key point. Gold can’t be created out of thin air, unlike the banksters' fake fiat currency. Unfortunately, hardly anybody talks about the human cost of the decade long precious metal market manipulation. Hundreds of millions of people or more rely on gold or silver as a saving. Their property has been stolen, looted, and denigrated, and the despair that comes with it goes unnoticed. The constant market manipulation, tolerated and encouraged by the most powerful administrations on this planet, is, to my mind, pure terrorism. They certainly terrorized me, and I know many others who could not sleep at night in fear of losing their savings. The mining sector has been decimated and, with it, the livelihood of its workers. This goes on day by day, just as we speak, and the satanic manipulators appear to enjoy the exercise of their power. We are paying our taxes to sustain these criminal structures. How long are we going to be abused? This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Sunday, August 23, 2020
👉This is Why Warren Buffett Sold Wells Fargo, JPMorgan, and Goldman stakes And is Buying Gold
👉This is Why Warren Buffett Sold Wells Fargo, JPMorgan, and Goldman stakes And is Buying Gold
The big news in the monetary metals these days is that Warren Buffett, the chairman, and CEO of Berkshire Hathaway and famed disliker of gold, sold bank stocks to buy gold mining shares. Buffett just acquired nearly 21 million shares of Barrick Gold worth $563 million. Barrick is one of the primary precious metals producing companies of the planet. Warren Buffett has always said gold is a bad investment, a shiny cube that does not generate earnings or pay a dividend like a stock, or interest like a bond. Buffett also dumped most of his Goldman stake and trimmed his JPMorgan and Wells Fargo holdings. Buffett massively unloading bank stocks is consonant with an expectation of inflation, which is what gold is usually a bet on. Never forget, Buffett plays the long game. And the long-term fate of Barrick is tied to the performance of gold. Mr. Buffett saw a rare opportunity. The Federal Government cannot afford to have the rate of Inflation rise. Therefore, they must do everything in their power to keep the rate low. Printing more Dollars is a necessary strategy. Plus, there's added pressure to control the deficit. Increasing inflation forces them to increase interest rates, thus increasing the amount of our Debt. For Mr. Buffett, this is a golden opportunity. Besides cutting his position in Goldman and JPMorgan, Buffett also liquidated his stakes in Travelers and Phillips 66, a tiny stub of a holding that had been valued at more than $25 million at the end of the year. Separately, Buffett also trimmed his positions in Davita, Verisign, Amazon, GM, and several other companies. Warren Buffett has long been critical of gold as an investment, saying that it has no utility, that you can't eat gold, it just sets there. And that the magical metal is no match for American mettle. He once wrote, Anyone watching from Mars would be scratching their head over how we treat the shiny stuff on this planet. Buffett dumping banks and buying Barrick Gold is a sea-change. The importance cannot be overstated. He sees global central banks have completely lost control; they’re printing trillions and Killing fiat money. The entire $100 trillion global funds biz just got turned on its head, Max Keiser tweeted. Warren Buffett has an enviable long-term record in the stock market. Buffett’s latest move shows that he is as sharp as ever. Berkshire Hathaway's boss has not been a fan of gold. As a matter of fact, he has often derided the precious metal. To the dismay of gold bugs, Buffett has been the de facto leader of the anti-gold crowd. There has been a belief that investing in gold was akin to betting against America. Just a few years ago, Warren Buffett was saying this about Gold: It doesn’t pay any yield; in fact, it costs you to own it. So why own gold when you could own Coca-Cola. Buffett deserves credit for shifting his stance to the new reality as a result of the irrational policies of massive borrowing and money printing by U.S. leaders, and when observing the unparalleled printing of money going on now. More importantly, it is the huge downside the dollar faces of a debt crisis emerging from this recession. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. In its recent quarterly, Berkshire Hathaway disclosed it had purchased stock 20.9 million shares of gold major Barrick Gold. The stock rose about 12% to a little more than $30 per share, pricing Berkshire’s position at around $627 billion. That may seem like a lot, but relative to Berkshire’s other positions, it accounts for less than 1% of its entire stock portfolio. And I believe that actually, one of Berkshire’s other investment managers, Todd Combs or Ted Weschler, is probably responsible for the buy. STILL, this is significant. One thing to note is not everything Berkshire Hathaway invests in is a decision that Buffett himself makes. This Barrick Gold investment was probably Todd Combs or Ted Weschler. I say this because, over the past few decades, Buffett’s pivoted from deep value investing (inspired by Benjamin Graham) to one where he buys businesses with sustainable franchises ;(think Apple, Berkshire’s largest holding). Warren Buffett is investing in a gold producing company. He's investing in a company at the bottom of a long stretch of lean years, which is now in the beginning stages of a long upward stretch of years of plenty, and that is quintessential of Buffett's renowned investment style. As the US Dollar continues to weaken under the weight of low rates and stimulus, gold will enjoy a value-adjustment upward that could last several years. Last time this happened from 2008 to 2011, gold nearly tripled. But Buffett is an investor in companies, rather than commodities. After all, companies produce things that can be sold; commodities don't. So, then if gold is going to enjoy an upward adjustment in value for some time, gold producers will enjoy bumper profits when selling their gold to the market. Buffett isn't parking his money in a commodity but is putting it to work in a company that produces a product that will increase in value over the medium term, translating into hefty profits. Shares of senior gold producer Barrick Gold rose sharply in value after Berkshire Hathaway's recent filing with the SEC indicated that the company, headed by well-known investor Warren Buffett, had taken a meaningful position in the GOLD stock. The filing indicated Berkshire had acquired about 20.9 million shares of Barrick at an average price of around $26.94. We note the purchase price was opportune, which one would expect, in that the stock lost a degree of investor support in early August to trade in the range where Berkshire took their position. Whether the new position signals a change in Mr. Buffett's view on gold as an asset for investment is unclear, since gold is already trading at record prices. Our sense is the price of gold, and the prospects that it may rise higher probably had something to do with the investment. More importantly though, we would expect that Berkshire Hathaway saw unrecognized value in Barrick Gold, in keeping with the company's history and Warren Buffett's investment philosophy. Their performance is obviously tied largely to the fate of Gold. It will outperform Gold to both the upside and the downside, dependent on where Gold goes. This investment indicates some degree of confidence in the direction of Gold from either Buffett himself or one of his managers. It’s not like it’s too crazy from Buffett regardless, as he owned large amounts of silver (not miners) at least twice in his investing career. The truth is, the success of gold mining and production companies are only as successful as the price of the gold itself. Because it costs Barrick Gold ~$950 to mine an ounce of gold, the company will remain profitable as long as the price of gold doesn’t drop below $950. In addition, Barrick Gold is also making a ton of money as gold is currently at $2,000/ounce, and assuming every quarter gold prices stay this way, Barrick Gold is a great cash cow! And this is what Warren Buffett, the chairman, and CEO of Berkshire Hathaway, released in his annual letter to shareholders. Quote: Our second non-traditional commitment is in silver. Last year, we purchased 111.2 million ounces. Marked to market, that position produced a pre-tax gain of $97.4 million for us in 1997. In a way, this is a return to the past for me: Thirty years ago, I bought silver because I anticipated its demonetization by the U.S. Government. Ever since I have followed the metal's fundamentals but not owned it. In recent years, bullion inventories have fallen materially, and last summer, Charlie and I concluded that a higher price would be needed to establish equilibrium between supply and demand. Inflation expectations, it should be noted, play no part in our calculation of silver's value, End of Quote. Gold stocks and precious metals are a good investment (or store of value) in times when massive money printing is taking place. Buffett’s conversion to gold is a signal for other stock market investors. They usually buy or sell solely because of what Buffett does. Gold has no earnings and does not pay a dividend. But you need to understand that all fiat currencies in history go to zero value after 30 ~ 50 years or so. When that happens, the price of gold and silver goes to infinity. However, it doesn't matter because the fiat currency is then worth NOTHING. The trick is to convert gold or silver to real goods & goodies at the right time. So the trick is ABSOLUTELY NOT to hold gold and silver until it reaches the highest price in the collapsing fiat currency. The trick is to hold gold and silver until its trade value against other useful goods and goodies is maximum. It will not be easy to choose exactly the perfect moment, but if you have any quantity of gold and/or silver, you don't need to choose exactly the perfect moment to do VERY well. However, what is most important of all is choosing wisely what goods and goodies you trade your gold and/or silver for when the time comes. Overall, gold is a very small market compared with the stock market. Even a small amount of inflows into gold from large-cap tech stocks may cause a big spike in the gold price. Buffett is out of the banks, because The banks are bankrupt, and a major banking crisis is coming fast. The Fed and Treasury to take over the banking system. The Fed and Treasury helicopter fake money directly to people to avoid mass rioting. This is a time to think about how much gold and silver do you have. Gold is far from overpriced. Even $10k an ounce gold won't be overpriced. Gold is a hedge against economic / currency collapse. While we are being misled into believing ALL is well, and we are betting on a V-shaped recovery. EXPECTING economic growth to continue, consumers and businesses recovering, etc. Does anyone REALLY believe BOTH consumers and businesses will be unaffected by this shutdown, and by all this public debt being printed, etc... The US Congress demonstrates how irresponsible our leadership is. This is all political positioning. What about housing, rents, and mortgages, commercial leases, etc.? Bottom line, if this irresponsibility persists, we could destroy the US Dollar as a fiat currency, as fiat means NO metal backing, just confidence, and the faith of the currency holder!! What about other nations as we are the global reserve currency? We have lost much stature, esteem, confidence, etc.? How likely is it that IMF or the World bank could propose a basket of currencies as an alternative? That action would severely damage our standard of living. Only gold Assures holders; some of their wealth is protected against uncertainty and loss!! This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Wednesday, August 12, 2020
👉Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!
👉Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant !!
Silver Crashes 15% Now What ? with Expert John Lee The Silver Elephant John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Prophecy Development Corp (TSX: PCY, OTC: PRPCD, www.prophecydev.com) raised over $100 million and acquired substantial silver mining projects in Bolivia and coal mining projects in Mongolia. John Lee is a portfolio manager at Mau Capital Management. He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, and is specialized in investing in junior gold and resource companies. Mr. Lee's articles are frequently cited at major resource websites and an esteemed speaker at several major resource conferences.
Monday, August 10, 2020
👉Gold to $3000, Silver to $40 before Year-End !!
👉Gold to $3000, Silver to $40 before Year-End !!
Gold has no ceiling because the dollar has no floor. Gold is up $200 in the last two weeks and $500 or 35% in 2020. Since the resistance mark at $1,350 was broken in June 2019, gold has gone up by more than 50%. This month, gold broke above the $2000 Psychological Resistance Level. GOLD is up 35% in 2020, while the S&P is only up 3%. Silver is even better. It is still 30% below the all-time high. Best because it is limited in quantity, used in industry, and still affordable for those with tight budgets. The gold and silver markets are running on vapor. At the same time, liquidity of the physical is drying up. The Comex is TOAST, the crimes have been exposed. This is the physical bull run of the MILLENIUM. The LBMA and COMEX are controlled by the Central Banks, which are completely supported by pure fiat currencies. The Fed has probably created $10 trillion. What could possibly go wrong. The Fed creates fiat much faster than God creates gold. A world reserve currency is supposed to be superior in storing value, but through boundless money-printing, the U.S. dollar hasn’t been able to compete with gold by a long shot. In 1932 the gold price was $20.67 dollars per troy ounce, today it crossed 2,067 dollars. That’s a 99% decline in the value of the dollar against gold. Adding trillions of dollars to the national debt is now having an effect on the value of the dollar. After all, gold is the only real money. Gold doesn’t yield if you don’t lend it, but it's the only globally accepted financial asset without counterparty risk. The bible mentions a stonemason earned one oz of gold per week as their wages in biblical times. Still today, a mason earns one oz per week. In the end, Gold and Silver, without any central banks or pure fiat currencies, will stand on their own. Gold and Silver will be the last standing when all else fiat fails. Gold is money, a holder of wealth, not your typical speculative asset. The point of gold is to secure your wealth, not bet on the races. Gold price will definitely continue soaring. The underpinning was there before the gains started. The certainty that the global economy (regardless of COVID) was vulnerable to any number of pins that would prick the currency bubble; the certainty that Central Banks and political "leaders" will further inflate the supply of/devalue the currency based on their lack of moral character and/or ignorance that members of these institutions display of economics throughout history. The fundamentals are awful and have been getting worse ever since 1913. Never more than in the last few months, has any empire in history (thanks to computers) been able to debase a currency so massively. Too bad the dollar (especially in digital form) can't be used as toilet paper. This move-in gold would have occurred with or without COVID. The pandemic simply accelerated the move. Negative real rates, weak Dollar.Although gold has historically moved up with the dollar so people shouldn't get too worried about dollar moves.QE, which can and will never end, zero rates, and massive debt build-up in government and corporates credit spreads are just some of the drivers. Will gold correct before we move higher. Sure will, and it could be a short sharp move down to shake out the weak hands. That being said, the constant worry about a correction may mean we won't get one until we get to the measured move above 2,200. Gold will likely shock most people to the upside over the next year or two. Bullish gold investors believe the precious metal and its sister metal silver, are on a long-term uptrend due to measures by governments and central banks to help stabilize economies hurt by COVID-19. Based on the current dollar trend and central bank spending, gold won't stop in 2100. And silver next upside price objective is closing prices above solid technical resistance at $30 an ounce. Gold prices are expected to stay above the $2,000 mark, on growing global geopolitical uncertainty. The sheer volume of money moving into gold will likely see the price exceed $3000 before the year-end 2020. There is no stopping it, while fears over the US Dollar, COVID-19, trade wars, etc. continue to be all-encompassing. I agree it is simply a lump of glittery yellow metal with limited use. But then what is the US Dollar but an arguably fictitious IOU? Mania or not, this metal is going higher. And the silver will be playing catch up. More upside remaining, as it's still well below the all-time high. Owning physical gold is the best hedge of all. You can't eat it, but you can trade it for anything. Try that with paper. Gold and Silver do not rot or age or rust or melt or dissolve in water. Food is perishable, so it has a shelf life. Some foods last for 10 or 20 years, yes cans for 30 years (maybe in the shade or buried). Other foods only last a few weeks; many foods require refrigeration and electricity. Gold and Silver stand-alone without technology and have no shelf-life issues and are not consumed. Put some silver rounds or junk silver away so you can transport wealth to the town where you can barter it for food. And the fiat currency, try eating it or buying anything, except through an electronic transfer. It is getting harder. Buy some gold cause you need to survive the dollar collapse and then buy newly created currency. If no gold, then ur dollars will become simply a pile of paper. The US DOLLAR will CRASH amid rising economic and political uncertainty. Fiat currencies are toxic. History proves this truth. They destroy society. Look at Weimar Germany in 1923 and the subsequent rise of Nazism. Look at the effective loss of liberty in the US. The banksters use the paper money racket not only to bleed the nation white. They use their stolen wealth to establish a totalitarian state and a dictatorship. Once the Russians and Chinese choose to use gold to back up their currencies and dump the US dollar, gold will rise to significant levels. The only problem is that there might not be enough gold to support a currency. Gold will continue to rise if one believes that the US dollar will weaken further. The bonds as an asset class are dead. Most people haven't realized this yet, and when they do, capital will rush into anything other than bonds. Of course, rates won't rise since the Fed will be controlling the curve. This move into Precious Metals is a teeny, tiny slice of the bond market. Even PIMCO recently said you must own gold. The Central banks around the world kept holding on to their gold, despite its price reaching all-time highs such as now. Russia, China, and Germany, and quite a few others have been increasing their gold reserves. China almost certainly has the biggest gold hoard in the world. It has been estimated to be a 30,000-ton stash. They won't declare it, because it would raise the value of the Yuan. Going over to a gold standard is tricky, if you have no gold, your currency will be worthless, if you have a lot of gold, your currency will become so valuable that exports would collapse. The German people own a lot more gold than the German Government, most of the Middle East and Asia have high private gold ownership. The Chinese Government actually advises people to buy gold, and every bank in China sells gold. But police states like the US could and probably will confiscate private gold. For those living in the US, you probably better buy silver, less chance the Government will steal your silver. Since early 2012, JP Morgan’s stockpile of physical silver has grown from less than 5 million ounces to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. This is THE BIGGEST STOCKPILE OF PHYSICAL SILVER IN HISTORY. And still, massive Precious Metals paper contract dumping goes on and on. Every day the banksters are digging their hole deeper in a frenzy. People are waking up to what’s happening and demanding physical metal. They don’t want forwards anymore. Comex is a paper market. She wears delivery the way a streetwalker ways jewelry and furs. She can do her job without them, and under it all, she's just a whore. Comex fraud can settle in fiat funny money notes, that is why it lasted so long. But what happens when those fiat notes are worthless and less every day? They can still settle in paper, but nobody wants paper. There will be some interesting times in the Precious Metals market soon. They can manipulate the price for a very long time, but no one can suspend the rules of economics forever. Get Your Gold And Silver Now Before They’re All Gone. Gold is still the safest investment. The Gold And Silver Markets Are Setting Up For A Historic Worldwide Mania. In my view, the gold price will continue to rise and will be incorporated into a new international monetary system. If you have physical gold and silver, you should hold it. I expect $3,000 gold and $40 silver by year-end. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Gold is real. What is not real is paper assets that are so easy to own and sell that they don't even write it down on paper anymore. The owners get digits typed into an electronic account. They don't even give certificates anymore for stocks. The brokerage firms hold the stocks, and you get a statement to an electronic device. Bastards don't even give paper monthly statements to say you own it. Banks don't have bank books anymore, just electronic blips on a screen, same with cryptocurrencies. It would be so easy for everything to disappear one day, not physical gold or silver. People just don't comprehend the impact of a falling dollar, increased Precious Metals values, economic slowdown, and credit crisis that expected to hit sometime near year-end. It's a domino effect that is almost unfathomable when you consider how complex and interconnected our markets/economy is. The globalists have redistributed so much of America's production to 3rd world countries; it's very difficult to anticipate where shortages will emerge. But the extent to which our world changes over the next 6-18 months is incomprehensible for most people. Prepare to be able to feed yourself. Food shortages are the most impactful. Having pondered the irrational rise in certain US stocks, FAAMGs, whose prices bear no relation to their fundamentals, It dawned on me as to what is happening. Shares are trading up purely because of one reason - fraud - illegal insider trading, illegal corporate share repurchases, and outright market manipulation. You don't collect Apple shares like fine art because they aren't fine art. And you don't buy shares in companies in a failing economy as a hedge. This is a giant fraud and nothing else. Effectively the market is saying the currency is debased and of decreasing value; we have no faith in the Government or the Fed to keep the value of their I owe You's. However, we trust Apple more than the Fed and will swap degraded dollars for Apple stock certs as being a more reliable store of value. The Fed's REAL mandate is to make the elite corps of Banksters as wealthy as possible. The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. The desire for gold is not for gold. It is for the means of freedom. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Friday, August 7, 2020
👉David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020
👉David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020
David Morgan The Silver Guru Exclusive Interview with The Atlantis Report 07 Aug 2020 David Morgan The Silver Guru is an investment Newsletter Publisher- Building and Preserving Wealth. #Gold, #Silver, Resource Companies. Author of three books. World Wide Keynote Speaker. You can access the Morgan Report here : https://www.themorganreport.com David Morgan is a precious metals aficionado with degrees in finance and engineering, he originated The Morgan Report, a monthly report that covers economic news, the global economy, and to make substantial capital gains by investing in the Resource Sector. The Model Portfolio covers top-tier, mid-tier, speculative and special situations. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system. His ideas can be seen in the movie Four Horsemen, a Feature Documentary. Watch the full length video below. A dynamic, much-in-demand speaker all over the globe, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules and numerous other publications. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. Additionally, he provides the public with a tremendous amount of information by radio and at times writes in the public domain. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system.
Monday, August 3, 2020
👉10 Reasons Why Silver is the Best Investment of The Century
👉10 Reasons Why Silver is the Best Investment of The Century
Renown investor Eric Sprott said, " Silver is The Investment of this decade " while rich dad poor dad Robert Kiyosaki said: "Silver is the best hedge against Inflation, it is the biggest sleeper of all, a smoking deal." Silver Shortage to Send Price Soaring Above $30 in 2020 Jason Hamlin wrote recently on Kitco. This deficit hasn’t been enough to boost prices in recent years, as the silver price has followed gold lower. But the accumulative effect is likely to generate a significant spike in the silver price this year. We are forecasting that the silver price will climb back above $30 per ounce during 2020 and challenge all-time highs around $50 per ounce by 2021. Get your physical silver today while it is still available at an affordable price. In the next few years, you may lose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes, and economic chaos appears in your area. You will be happy you did as Low supply coupled with high demand, will push the price to skyrocket. So Get your physical silver today and stay long!
Renown investor Eric Sprott said, " Silver is The Investment of this decade " while rich dad poor dad Robert Kiyosaki said: "Silver is the best hedge against Inflation, it is the biggest sleeper of all, a smoking deal." Silver Shortage to Send Price Soaring Above $30 in 2020 Jason Hamlin wrote recently on Kitco. This deficit hasn’t been enough to boost prices in recent years, as the silver price has followed gold lower. But the accumulative effect is likely to generate a significant spike in the silver price this year. We are forecasting that the silver price will climb back above $30 per ounce during 2020 and challenge all-time highs around $50 per ounce by 2021. Get your physical silver today while it is still available at an affordable price. In the next few years, you may lose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes, and economic chaos appears in your area. You will be happy you did as Low supply coupled with high demand, will push the price to skyrocket. So Get your physical silver today and stay long!
Thursday, July 30, 2020
👉How to Invest in Gold - Physical Gold (Bullion) vs. ETFs
👉How to Invest in Gold - Physical Gold (Bullion) vs. ETFs
Gold price this week broke the 2011 all-time high of $1,920. I have never considered the $1,920 level important. Since gold has in the last couple of years made new highs in all other currencies, it was always clear that the high for gold in dollars would be breached. Only surprising that it took 11 years. But we must remember that gold is not going up, but the dollar is collapsing. Just this century, the dollar has lost 85% of its value in real terms – gold. As the dollar reaches its intrinsic value of zero in the next few years, it is obviously totally meaningless to measure gold in dollars since the price in worthless fiat currency will be infinite. Gold and silver are not investment; they are savings accounts. pure and simple. Gold and silver are real money, so it is the choice for people with integrity, intelligence, and responsible people who want to protect the value of their savings. Gold and silver is the enemy of the Fed's unlimited fiat currency creation, creating massive under-reported inflation and is the enemy of the government's continuously increasing spending to create unpayable budget deficits. Therefore, the virtuous, rational-thinkers choose gold and silver over the evil monsters. Every time Gold looks like hitting two grand, the bankers' monkey hammer it back down. But it keeps going back up. The severity with which JPM and the fed metal manipulators hit the gold breakout, clubbing it down temporarily, reveals how desperate they are to prevent any price runaway that will reveal the impending failure of their ill-conceived, hail-mary effort to forestall the ongoing credit and financial collapse. While Gold Silver prices are on fire. The Fed and the Corrupt Crooks on Wall St. are in a panic and are very desperate. Do not sell your gold or silver cause you ain't seen nothing yet. GOLD IS KING. The Federal Reserve knows this is all over. Their final hail mary. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. Investing directly in commodities, such as gold or oil, tends to be more difficult for investors than investing in stocks and bonds. A major reason for this is that stocks and bonds are readily transferable and easily accessible to the average investor. Traditionally, commodities have been more difficult to invest in due to the complex way in which they trade through the futures and options markets. In other words, an investor can't just buy a barrel of oil. Precious metals have been a store of wealth for millennia. Owning coins, bars, or jewelry used to be the only option to invest in gold, silver, or platinum, but today’s investors have a number of alternatives. In addition to bars and coins, you can also hold precious metals certificates, metals-backed exchange-traded funds (ETFs), and closed-end bullion funds. Gold is more accessible to the average person because an investor can easily purchase gold bullion (gold in its physical form) from a dealer or, in some cases, from a bank. However, with the advent of more advanced financial instruments, gold, along with other commodities, has become much easier to invest in without having to buy the physical metal. There are now exchange-traded funds (ETF) that replicate the movements of the underlying commodity, giving investors direct exposure. While not every commodity has an ETF, both gold and oil have ETFs. For example, the SPDR Gold Shares (ticker symbol GLD) trades on the New York Stock Exchange and can be traded at any time throughout the trading day. Each share of the ETF represents one-tenth of an ounce of gold, so if gold is currently $1,9500 an ounce, the gold ETF will trade at $150 per share. This investment product is one of the easiest and least expensive ways to access the gold market. In general, investors looking to invest in gold directly have three choices: they can purchase the physical asset, they can purchase an ETF that replicates the price of gold, or they can trade futures and options in the commodities market. #1 Physical Gold. Physical gold provides the most direct exposure to gold. Gold in bulk form is referred to as bullion, and it can be cast into bars or minted into coins. Gold bullion’s value is based on its mass and purity rather than by monetary face value. Even if a gold coin is issued with a monetary face value, its market value is tied to the value of its fine gold content. Investors can buy physical gold from government mints, private mints, precious metal dealers, and jewelers. Because different sellers may offer the exact same item at different prices, it is important to do your research to find the best deal. When you purchase physical gold, you must pay the full price. Physical gold ownership involves a number of costs, including storage and insurance costs, and the transaction fees and markups associated with buying and selling the commodity. There can also be processing fees and a small lot of fees for investors making small purchases. While collectively, these costs may not significantly affect someone looking to invest a small portion of their portfolio in gold, the costs may become prohibitive for investors seeking to gain larger exposure. Bars and coins are the most direct way to hold precious metals. Government minted bars and coins like the American Gold Eagle or Canadian Maple Leaf have a guarantee of the purity and can be purchased through authorized dealers. However, when holding bullion directly, investors are responsible for its storage and insurance and their ongoing costs. Also, bullion dealers charge a mark-up to your purchase price of coins and bars and buy them back at a discount. As well, bars and coins may not be easily traded. In the U.S., precious metals are considered to be collectibles like art, rare books, and fine wine. Provided you hold it for more than one year, for tax purposes, the capital gains tax on your net gain from selling a collectible is 28%. This level of tax is considerably higher than the tax rate on most net capital gains, which is an average of 15% for most taxpayers, according to the IRS. #1 If you sell a collectible in less than one year, the proceeds will be taxed as ordinary income. #2 Gold ETFs. Unlike physical gold, ETFs can be purchased on margin, meaning that investors only front a percentage of the investment’s value. ETFs allow investors to access gold while avoiding the costs and inconvenience of markups, storage costs, and security risks of holding physical gold. An investor will lose a percentage of his or her investment’s value each year to the fund’s expense ratio. An expense ratio is the recurring annual fee charged by funds to cover its management expenses and administrative costs. Precious metals exchange-traded portfolios are a popular way to gain exposure to precious metals without the inconvenience of storing and insuring physical bullion. Exchange-Traded Funds (ETFs) and Closed-End Funds provide investors with access to physical bullion with the daily liquidity of an exchange-traded security. Exchange-traded bullion funds are open-ended funds that issue shares backed by metals. Investors do not have direct beneficial ownership of the bullion and have no option to exchange their shares for physical metal. If investor demand outpaces available shares on a given trading day, the ETF will issue more shares to satisfy the demand and acquire more metal with the proceeds. Conversely, when there are more investors selling than buying, the ETF will redeem shares and sell the equivalent value of the metal. While bullion ETFs mostly hold allocated metals, they also hold unallocated metals to facilitate the creation and redemption of shares. In addition, the custodian that stores the metal is typically a bullion bank, which can create counterparty risk in the event of bankruptcy or insolvency. While bullion ETFs mostly hold allocated metals, they also hold unallocated metals to facilitate the creation and redemption of shares. In addition, the custodian that stores the metal is typically a bullion bank, which can create counterparty risk in the event of bankruptcy or insolvency. In the U.S., for tax purposes, bullion ETFs are considered collectibles by the IRS. The capital gains tax on an investor’s net gain from selling a collectible is 28%. #3 Closed-End Bullion Funds. Closed-end bullion funds are similar to ETFs, but issue units through initial public offerings and follow-on offerings and can cancel units through buybacks. The units are usually fully backed by allocated bullion. Because there is a fixed number of units at any given time, they may trade at a premium or a discount to their net asset value, depending on investor demand and whether there is an option to redeem for physical metal. Some closed-end funds are considered Passive Foreign Investment Companies (PFIC) and may offer more favorable tax treatment compared to coins, bars, precious metals certificates, and ETFs for non-corporate U.S. investors. Conclusion: The transaction costs associated with gold ETFs are often lower than the costs related to the purchase, storage, and insurance of physical gold. It is important to research the various costs, fees, and associated expenses of each type of investment to determine the investment that is both affordable and suitable for your portfolio. Precious metals ETFs may seem like an easy way to invest in gold and silver. But investors should understand that convenience comes at a price. My opinion is gold doesn't stop going up this time. The more they monkey hammer it, the more people will buy it. A self-fulfilling prophecy. Time to choose people. Paper or Gold? How strong is your faith in your government? This was The Atlantis Report. Please Like. Share. Subscribe. Leave me a comment. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Wednesday, July 22, 2020
👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!
👉Silver above $23 -- The Great Silver Rush of 2020 has Begun!
Silver Futures Spike Above $23, that's a ten percent gain. But it has a long way to go. Still seems cheap with all the Monopoly money being printed. Silver is the new TESLA chart. The trip from 20 to 30 should be a fast one. It was certainly fast on the way down. There is a big reversal of the gold/silver ration afoot; this is a very positive indicator. After decades of being suppressed, the precious metals are horribly mispriced. Perhaps instead of a traditional price rally (which might or might not be sustainable), what we are witnessing right now is the market re-pricing the physical metals at a more realistic level. Silver barely moved up 10% yet after waiting nine years. The huge jump in silver in the last few days has been ignored by the Mainstream Media. The talking heads on the business channels are still mentioning gold's rise lately but haven't said anything about silver just doing a 20% jump this week. This silver news is still under the wire to them, or they've been told to not talk about it. This gibes with my theory that pro-real-money stories must be kept from the public/masses. If these stories weren't blocked, more man on the street types might begin considering silver as a safe haven asset they need to have. It's a given the big money is not going to send any public signal they are going big into gold or silver. Among other things, this would get them expelled from the Fiat Status-Quo Club overnight and would jeopardize all their investments in fiat assets (mainly the stock market). So if the silver suppression effort is going to be defeated or over-run, it will have to come from grassroots small investors. But this is not likely to happen if pro-silver and gold stories continue to be taboo in the Mainstream Media. Another way to keep the man on the street from considering silver as a smart investment is to knock its price down at regular intervals, usually for no understandable reason. Think we all knew the price of gold and silver would have to start moving up at some point. You just cannot keep hemorrhaging physical metal. Every savvy investor knows that silver and gold were getting ready to soar (given the collapsing economy and the massive amount of fiat creation that was inevitably coming. Savvy investors would have still been BUYING all the silver they could and holding on to every silver position they had, knowing what was to come. Given the thousands of applications for silver, especially electronic, medical, military, water purification, etc. We cannot live without it. The United States Geological Survey, USGS, which keeps tabs on all elements and their availability, wrote a decade ago that the planet would run out of silver within 20 years. We are halfway there. Just look at the recovery of ounces/ton by the silver miners over the past 20 years, from ounces to grams. USGS rating of continental U.S. reserves put silver/ gold ratio at 14. All of human history is around 16. Right now, we are what, 80? So silver has a lot of upside potential given the equally (and arguably more so) demand for gold. The question isn't whether it will get to $50 again, it's what multiple of $50 we'll see over the next couple of years. A mere doubling seems more than a bit conservative, given the extreme amount of new debt that is now in the system, not to mention the stored energy of a nine-year bear market. We should see at least $150 sometime before 2022. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match. Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted. And that was Alan Greenspan saying it, not me. King dollar is dead! Long live King Gold and Queen Silver! The canary is out of the cage. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. So, either the price suppression cartel has given up, or there are too many holes in the dam. I hate the silver being stated in dollars. It should be the price of a dollar stated in silver. And why the delight in calculating a dollar profit if the dollar is going to hell in a handbasket. I think it's safe to say this: If silver can't break free and soar now, it never will. Silver is actually doing now what it was supposed to be doing years ago. The market is still as corrupt as ever. They can knock it down whenever they want, by as much as they want. Now if they can't do this anymore, or have quit suppressing the price, something big might have changed. But I don't think they've given up on the suppression efforts yet. The suppression efforts might be occurring even now. That is, the big spike we've seen recently could have been even bigger absent price suppression efforts. Yes, they are going to let silver and gold rise, but they are going to try to limit/contain these increases. So the man on the street doesn't suddenly start considering silver as wise insurance. For example, wait for the next big story that a vaccine is imminent. This will create a major spike in the stock market, and will probably be used as the excuse to beat down silver and gold, massively. This kind of volatility in silver is common. Curb your enthusiasm. It's an insurance policy, not a lottery ticket. Moves like this are cause for caution. As much as we all want to dance of The FED's grave, that event is going to be very bitter medicine. To me, the paper market on silver is nothing but infiltration and corruption of silver. A dollar was equal to one ounce of silver, not one ounce of silver equaled a dollar. Once you start trying to get more paper with your silver, you become focused on Fed-bucks......., and that is the scheme. Because Fed-bucks are your enslavement, they are debt, and their "value" is controlled by those that would control you through its manipulation. Let silver go up in dollars, and all of a sudden, everyone wants silver so they can trade it for more Fed-bucks. If we don't break the debt-dollar-Fed-buck system and find a way to debt-free, independent money, our slavery will only get deeper from here. Not going to break their chains without a fight. The dollar is one ounce of silver by definition. What we have are not dollars. What we have now has been devalued by about 99%. Therefore silver is worth closer to 100 dollars -- and that's just today. Either you can buy stock symbols in the paper "market" from the banksters, or you can exchange the debt-based money for real money, gold, and silver, while the central banks are buying gold. The gold and silver ETFs are the paper market, which helps the banksters manipulate the prices. Keep printing your Monopoly money, Mr. Powell. We the people all know you are enriching the wealthy at the expense of the middle class and poor. The dollar's days are numbered. The King Dollar brigade is out fighting busily on all fronts today, silver, gold, cryptos, oil futures. It's becoming a tough job trying to keep the US Dollar alive. We're now mere weeks away from US food riots/looting. We all know the outcome, and now it's just a matter of whose timeline will win, breakdown before or after the US Presidential election? The silver war is fun to watch, with all these big traders trying to avoid getting killed. The CFTC will broker a deal for staggered delivery, and there won't be a peep about it in the media. Watch how quiet this will get now. The CFTC really is a massively corrupt agency staffed by insider traders/traitors. It's sad. I view them and even the SEC as little more than gatekeepers allowing this gigantic price suppression fraud to continue. Clearly, they all have support from the US government, who, no doubt, wants there to be no exit from the Dollar. It's not a supply-demand situation that runs the price of silver. It's a monetary metal, and all monetary metals skyrocket every so often when fiat currencies collapse. Worlds largest fiat currency has been so abused. It's going to collapse like a tent made out of toilet paper in a hurricane. All the FIATS will collapse together. It will be epic. The value of silver must always be stated in ounces and never in dollars. To do otherwise is like valuing your garden in terms of fallen leaves. The US debt clock says silver should be over $1000, and gold many times that. In truth, this is what is coming on the energy cliff, and currency reset horizon. Countries will become solvent again by reversing the price suppression mechanism to the upside. Silver could likely be $500 by early 2022. And gold likely above ten thousand. Eric Sprott just announced he's buying 1.5 Billion of silver. Sprott is putting a Hunt Brother to these Comex scums butt with a 1.5 billion ounce plan to purchase over the next 25 months. It's a perfect setup as the Fed cannot call him like they did Hunt in as he owns a physically-backed silver fund for investors. He will never tell you this, but his fund by law has to store the silver bullion in the Bank of Canada for the PSLV holders. CANADA wants its silver back. Ha! just joking, as Trudeau has nothing to do with it, but his Central Bank will be stacking hard in an inadvertent way. The US Mint just had an emergency conference with government officials about their ongoing ability to sourcing silver. Of course, that meeting was top secret and not a peep about what was discussed. The government does not have a silver stockpile like back then anymore. They will most likely use the excuse that they can't find any and shut down most likely, which is against the law, by the way. But Ron Paul isn't around anymore to keep their butt in line. In other news, Pan American, the world's largest silver producer, is shutting down 2 of its biggest mines in Peru by order of the Peruvian government due to COVID 19. So do you like Eagles? Might wanna grab those now if so. Buckle up kiddies and grab every silver earring you can because this one is going to be a moonshot for the ages methinks ; with the Government printing currency like water. Hurry up and use that COVID infected benjamins to buy. Silver is not even where it was 40 years ago, but the bankers' trolls are talking about parabolic rises to scare you out of your silver position. And for your interest, 5-10 or even 20-25 percent rises are nothing when we're talking about the price of a rare and valuable item like silver ;whose value has been suppressed by the bankers for half a century. Your call. Physical is the smart move here, avoid the fake and manipulated paper game. Stack silver for the grandkids. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
Thursday, July 9, 2020
Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge
Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge
Germany and The Whole Europe on the verge of a Disastrous Economic Cliff Edge. The eurozone economy will drop deeper into recession this year. Germany, the single largest and strongest economy in Europe and the world's fourth-largest economy, is already feeling the pinch. The impact of the coronavirus has seen Germany suffer its widest fall in production and output since the financial crisis a decade ago. The German economy will shrink by 6.3 percent this year. German Exports contracted by 3.1 percent. The Rest of Europe is not in any better shape. In fact, the French GDP is shrinking by 5.8 percent, Spain's GDP by 5.2 percent, Italy's GDP by 4.7 percent, and The Netherlands GDP by 1.7 percent. For the 27 countries that comprise the EU, a downturn of 8.3% is expected in 2020. The coronavirus crisis will push Europe into a deeper recession than originally thought. Europe’s coronavirus outbreak will be the biggest peacetime economic shock on record. And don't expect the European banks to help. Banks may face a tsunami of problems as three factors collide: rise in non-performing loans, deflationary pressures from a prolonged crisis, and central bank keeping negative rates that destroy banking profitability. The Euro-Zone was already in deep trouble before CoVid-19 hit, the weakness that started in 2017 never ended. The region simply isn't competitive. In the fourth quarter, even Germany entered a recession. France, Spain, and Italy are looking at continued large unemployment levels. Add to this the fact the EU lacks technological and intellectual property and is falling further behind China and the US. Recently they started promoting a huge stimulus package. To fund the €750BN package, the EU would borrow on financial markets and put in place a suite of proposed new EU taxes and levies to pay back the debt over the coming decades. Characterizing the current debacle as a deep recession is actually optimistic. The ongoing debasement of fiat, coupled with raging deflation, ensures a very entertaining near future of the deflation/inflation tango. The ongoing destruction of currency is provoking flights of funds into precious metals and crypto. The banking class in the EU is a cabal of lizards. They have been hiding risk for decades, and it has only gotten worse since the introduction of the Euro. In the Mediterranean countries, vast overvaluation of dodgy investments in property means that most of the Med banks are technically insolvent. One day the sacred cows will come home to roost. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to smash that like button. And as You know friends, I rely totally on your donations to keep this channel functional, as you know, it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford. Thank You. The EU economy is expected to experience a deeper recession this year than previously thought,... as the lifting of COVID-19 lockdown measures is proceeding at a slower pace than assumed in its Spring Forecast. According to the Summer 2020, Economic Forecast released on Tuesday. The EU economy will contract 8-point-7 percent in 2020. The contraction is significantly greater than the 7-point-4 percent projected in the previous forecast. Experts cite the far longer period of disruption and lockdown taking place in the second quarter of 2020. The challenge of unwinding stimulus is a lesson that’s long been apparent to central banks. More than a decade after the financial crisis, many had barely moved policy off emergency settings. Their efforts to get back to a more normal stance were on various occasions, scuppered by sluggish growth, weak inflation, or market volatility. European Governments have already pumped billions into support schemes and blown out their budgets in the process. Chancellor Angela Merkel’s government has vowed to spend whatever it takes to get the country growing again, including extending its renowned Kurzarbeit wage-support program. After years of German budget surpluses, that’s been welcomed by other nations, but the country is a rare exception in Europe. Most of its peers face stressed finances. Across Europe, many economies will suffer double-digit slumps in output in 2020. The big hit will be this quarter, the peak of lockdown restrictions. That’s almost certain to be followed by a steep rebound, but rocketing GDP numbers don’t necessarily translate into a sustainable recovery. The 19-nation euro region is set to shrink more than 8% this year, and European Central Bank President Christine Lagarde has warned that the pandemic will change parts of the economy permanently. Hundreds of thousands of workers are already facing unemployment, with companies from Deutsche Lufthansa AG -- Germany’s severely battered airline that just secured a government bailout -- to plane maker Airbus SE preparing to cut jobs. Furthermore, the two main private banks in Germany, Deutsche Bank, and Commerzbank would be on the verge of bankruptcy. The fourth regional bank, NordLB, was bailed out with state aid, which essentially ignored the current bail-in rules (instead applied everywhere else in Europe). And last November, the rating agency Moody revised its outlook on the German banking system downwards (from stable to negative). German cars are now only German in name only. They are designed in Germany by foreign nationals; the parts are built predominately in China or Eastern Europe and either: 1) The foreign parts are shipped to Germany, where the final assembly occurs. "Made in Germany" - or - 2) The whole car is made abroad, "Designed in Germany." If you want a real German car, Get an early 80s BMW. This is all the endpoint of the wonderful Globalization process. It's all driven by profit margins and tax "efficiency." To the benefit of their respective shareholders AND to the detriment of the average German worker. For those who hold equity in German OEMs, this outsourcing has been great, if you are a Handwerker who relies on domestic manufacturing for your job - you're materially disadvantaged. This current system is designed for the preservation of wealth for the top 5% of society - not the bottom 95%. When worker X makes €15 and hour and worker Y makes €3 an hour, shifting manufacturing from X to Y doesn't create efficiencies or improve anything - it just reduces cost, which isn't an efficiency in and of itself. A customs union only works with similarly situated populations, in the absence thereof (whereby a customs union with a very wealthy country and a very poor one) you have manufacturing develop in the poorer countries with services in the wealthier, something that if left unchecked leads to absurd realities. It's a complex problem which is manifesting itself in a multitude of horrible ways, but allowing good-paying blue-collar jobs to flee Germany to other nations benefits no one except the shareholders of the large OEMs, which is a small fraction of the population. In France, figures from Insee's statistics office, show activity in Europe’s second-largest economy still more than 10% below normal. The U.K. economy instantly shrank by a fifth in April alone. In Italy, even with the debt ratio set to top 150% of GDP this year, it’s extended tax breaks for companies and lengthened its furlough program for workers to 18 weeks from an initial 14 weeks. European governments are fast learning that they’ll have to live with aid programs to save jobs and businesses longer than thought to keep the economy from falling off a cliff. Across the continent, furlough programs that shielded close to 50 million jobs at the height of lockdowns, as well as tax deferrals and loan moratoriums, are being extended even as restrictions on movement are lifted. That’s because the sustainability of the economic bounce-back is uncertain, with many businesses still closed or serving fewer customers than before. The economy was already slowing for three years prior to COVID. An economic recession was expected. The whole world is going into recession at the same time. There will be no place to hide. Let's get real. The downturn in GDP for the developed world is closer to 25% despite the bloated response of governments pouring massive amounts of unsecured funds into supporting zombie companies and unemployed workers. Now with efforts to support social distancing being abandoned, there is a dark shadow on the horizon investors may ignore at their own risk. The GDP has turned into a circus of money rotating in circles without actual relation to average prosperity and productivity. Anyone with the intelligence of that surpassing a St. Bernard dog knows that the world has entered the early phase of a global economic depression. There will be NO "V" nor "W" recovery folks. No matter to what degree the Fed juices the S&P on the Market, there will be no actual recovery. It is all smoke and mirrors with many people at home, behind a computer, due to the COVID virus, mere amateurs, "buying low," whereas, the seasoned investors are on the sidelines. Many of these amateurs are "buying low" into already bankrupt companies. October and November will be the real telling point on the Markets. I've been expecting the quasi collapse of the Eurozone, and especially Italy, Greece, and Spain, for about ten years now. The perplexing thing, however, is that no matter how bad their economic and financial situation is, they still manage to limp along. Their solution so far is to just borrow the money, and if interest rates get too high, have your central bank create money and come in as a major buyer of your debt to get those pesky rates down. Several European countries have had even imposed negative rates to coerce people to spend rather than save the money to prevent deflation. How much longer do you think Europe can get away with this and keep it all going? The issue here is the European recession. But The US will be close behind. And we could be talking a Depression, not just a recession. "The virus" was just the pin, not the bubble, and the real bubble was caused by coordinated Central bank Policy. The U.S. will beat Europe to the cliff and be on the bottom before Europe even jumps off in November of 2020. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends!
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