My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever but I hope it will never be achieved. When gold goes to $10,000, It will not just reflect inflation and falling currencies like in the 1970s but a much more serious or even catastrophic situation both in the U.S. and globally so let’s look at a potential scenario for the next few years. This is obviously not a forecast but more of a rough sketch of what could happen:
Read More »Search Results for: bubbles
The IMF & BIS Have Issued 16 Warnings Of An Impending Financial & Social Crash – Are you listening? (+5K Views)
For several years, and in particular the last 12 months, the IMF (International Monetary Fund) and the BIS (Bank for International Settlements) have been issuing warning after warning - as outlined below - that the biggest financial and social crash in history is coming. Are you listening? The warnings are all well thought out with cogent logic and are not to be ignored!
Read More »Student Loan Debt: A Bubble That Will Eventually Pop
Student loan debt in America now ranks as the second-largest consumer debt category, trailing only mortgages and, based on the latest data, it isn’t about to end any time soon.
Read More »How & When Will the U.S. Corporate Debt Bubble Burst? The Answers Are Quite Simple
People often ask me how and when I foresee the U.S. corporate debt bubble bursting and the answer is quite simple: the U.S. corporate debt bubble will likely burst due to tightening monetary conditions, including rising interest rates. Words: 302
Read More »What Will the Catalyst Be For the Coming Economic Cataclysm? Here Are Some Suggestions
The world is in a mess economically, financially, politically and morally. The excesses and moral decadence of the magnitude the The world is experiencing today can never vanish in an orderly way. Sadly, only a total economic collapse can solve the problem and this is, of course, inevitable. No government, no corporation and no individual can or will ever repay the $250 trillion debt that is owed.
Read More »Coming Financial Crisis Will Be Inflationary – Here’s Why
Market participants often expect the next crisis to look like the last one, but it never does. IMO, the current monetary system’s ultimate financial crisis, meaning the crisis that leads to a new monetary system, will have to be inflationary. Here's why.
Read More »This Indicator Is A Remarkably Accurate Warning Indicator For Economic & Market Peril (2K Views)
Would you have appreciated a single number that could have given you a clear and unmistakable warning before the tech stock bubble collapsed? How about an unequivocal mathematical warning in 2006 that major financial trouble was on the way, well before the problems of 2007 and 2008? Well, while these warnings (called yield curve inversions) are quite uncommon, having occurred only three times in the last 35 years- followed relatively quickly by a recession - but are back in the news again, because we just may be nearing another inversion.
Read More »Something Is Deeply, Systemically Wrong With the U.S. Economy – 9 Toxic Dynamics
Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These nine structural dynamics generate secondary dynamics, all of which are toxic to social mobility, sustainable prosperity, accountability, and democracy:
Read More »We’re On the Eve Of An Economic Crisis Of Unfathomable Proportions – Got Gold?
We are now on the eve of an economic crisis of unfathomable proportions due to an insoluble debt problem. Holding precious metals will be invaluable insurance to survive this crisis financially.
Read More »STAGES OF A FINANCIAL BUBBLE – Where Are We Now? (+2K Views)
If you believe this time is different and you can’t see how over-valued the Dow Index is based upon the MACD technical, then maybe it might be prudent to allow a Doctor to take a Cat-Scan to find out if you have any brains left in your head!
Read More »