30
October
2019

OCTOBER'19

FEW PEOPLE REALIZE WHAT REALLY IS GOING ON AND DON'T BELIEVE THAT BANKS ARE DOOMED!

[Most Recent Quotes from www.kitco.com] [Most Recent Quotes from www.kitco.com]

Wednesday-Thursday,  October 30/31  - Any Fiat money system based on DEBT is by definition mathematically doomed to disappear!


Updated Sections: Treasuries in the UK & EU, Corporate & Junk Bonds,

A Fiat Money system based on DEBT is by definition mathematically doomed.  The fact that INTEREST has to be paid on Fiat Money accelerates the process. The reality that we have NEGATIVE interest rates is a strong indicator that "the end is near".

"NEGATIVE Interest Rates signals The End is Near."

The video below is a MUST see!  (English with Dutch subtitles) It explains what happens once the Bankers need more and more fiat money to keep the system going. How this action impacts the Investment and Money Market Funds, the REPO and forces the FED and ECB to inject every night fresh billions (up to $100 bn) into the financial system so it doesn't implode. [the fact that Central Banks are now injecting SHORT TERM DEBT rectifies somewhat  the Yield .]

The video also explains that INTEREST is USURY and why Interest has been punished by death and more by most religions.  The video explains the very roots of money and WHY Fiat Money is a MONSTER. Especially used together with Interest.

The video also explains WHY the Real Estate sector is so important and so dangerous for a Fiat Money system and the (central) banks.

Important:  we DISAGREE with the last part of the video below. The conclusion of cryptocurrencies and money which is controlled by The People only is genuine Socialism and Communism and advised people are aware such a system cannot possibly work. Be advised that only a maximum of 5% of people are AWARE of and understand the precarious situation we are in.

Not hard to understand that the lower classes, the HERD, those who cannot THINK are happy with and want more BREAD and GAMES. Also, they don't want the corporations (big and/or small) to make (huge) profits. No, they want a system where ALL ARE EQUAL. They want a Democracy, Socialism, Communism with a minimum guaranteed and (if you are lucky) a maximum allowed income.  How stupid can one be? As Stupid as THE HERD and their leader-politicians.

Important Fundamentals:

  • Because of changing legislation, Belgium is experiencing a REAL ESTATE BUY CLIMAX which will end December 31, 2019.  At this time, there are 45% more IDIOTS buying a home in Belgium than at the same time last year. The odds that Real Estate prices will start to come down (probably sharply) beginning of 2020 are 99%.  The warnings issued by the Central Bank of Belgium are disregarded as many Flemish people are convinced that if they don't buy a home between now and December 31, 2019, they will NEVER be able to do so at prevailing prices.  Important: note how the Real Estate sector is a key element for the survival of Fiat Money & the Banking System - watch the video!
  • Copper...  Click here for more

Important Technicals:

  • The charts that predict market downturns.

  • Stock Markets have landed in an EXTREMELY DANGEROUS CONSTELLATION. High Risk! Most people don't realize that the total capitalization of the Stock Market is 1.4 times the GDP (Gross National Product). A normal level is 0.8 times of GDP.  European indexes...Click here for more

     

INDU candle1 SPX candle1
COMPQ candle1 TRAN candle1

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Monday-Tuesday October 28/29  - The Problem
Isn’t Liquidity, It’s Debt...and leaders who are playing with matches in a powder room!


Updated Sections: Crude Oil, Coal-Solar & Rare Elements, Agriculturals, Copper-Platinum 
& Non-Ferro's
,
Bonds-USA,

hen with golden eggsProgress by Socialism and Democracy? My ass.  Henri Ford paid his workers 65 oz. of gold per year ($1500 x 65 = $97,500) or 3 times what average workers earn today, many with expensive college degrees. Today 50% of American workers, earn less than $33,000 per year, before taxes. Pension funds, Health Insurances,  Medicare,  were inventions by Capitalists, not by Socialists. The only thing Socialists did, was to confiscate these and use the money for other means after they ran out of funds.

"Few people realize that potential future fiscal problems will only exist regarding what is left of their ASSETS & Funds after the RESET."

Bitcoin is fool's Gold, DIGITAL AIR and nothing more but one of the best bookkeeping systems. Bitcoin Tumbles to 5-Month Low as Libra Hit by U.S. Backlash. The launch of bitcoin settled futures on the same day that the first whiff of Google’s quantum supremacy news broke in September was responsible for the dynamic break below $10,000. The Congressional debate about Facebook’s Libra project and confirmation of the quantum supremacy story were catalysts for selling pressure today.

Personal Portfolio:

  • Last week, I added more physical Gold & Silver to my savings.

Important Fundamentals:

  • The change in regulation in Belgium re. Real Estate will without any doubt add to the already existing bearish pressure on the Real Estate sector.
  • Top Producers Silver Mine Supply Continues ...Click here for more
  • Rosneft switches from dollars to euros...Click here for more
  • We see the end of the U.S. ...Click here for more
  • xxxx profits disappoint. xxxx (xxxxx) reported a larger-than-expected decline in profits for the third quarter, due to a decline in natural gas prices and production. Earnings fell to $2.59 billion, down from $4.84 billion a year earlier.

Important Technicals:

Click here for more

  • Big Sales volumes in the Real Estate Market don't spell a lot of good!

Click here for more

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Thursday- Friday October 24/25 - The developed world is on the brink of a financial, economic, social and political crisis.


Updated Sections: , 

Important note about yesterday's video: Harry Dent doesn't know what inflation is and we therefore totally disagree on his statement re. the expected inflation rate. Also, the ECB was - just like the FED - also draining liquidity...

history revolutionsPeople all over the world start to feel the Depression. The average American has 3 credit cards and carries a negative balance of about $6,500. The Arab Spring originated in Tunisia in a protest over the price of bread. The unrest in Lebanon last week was a response to the proposed tax on WhatsApp users. The Hong Kong unrest probably has its roots in the rising cost of living. Chile’s and Ecuador's protests are equally about the cost of living and the price of gas. So are the Yellow Vests in France protesting against the fact that they earn not enough to make it until the end of the month.

Once people get hungry, SHIT happens...and comes WAR.

That does confirm, that the world has started worrying about the higher cost of living. The surge in asset price inflation against a background of largely stagnant wages is to blame for this deterioration in the political status quo. Once people get hungry, SHIT happens. The 1830 Belgian Revolution started because the taxes on bread were increased once more. The French Revolution started because the price of SOAP became so high that it was almost unaffordable for the lower classes.

It is completely INCORRECT and FALSE to pretend and believe that it is necessary to regulate housing markets and control rent, because housing markets do work best by themselves. By regulating, there is always a shortage of cheap (rental) housing. Note the Real Estate market in Europe & the EU is already heavily regulated. Not only building is, but also renting.

Rents for 1.5 million homes in Berlin will be frozen for five years and capped at €9.80 ($10.90) per square meter, after the Berlin state government agreed a new rent control law on Tuesday. Berlin's brand new rent freeze (and cap) is hardly unique. But while other cities have stricter laws, Berlin's new rent control is even stricter.

The law also says that landlords cannot charge rents higher than what the previous tenant paid, and, should their rent be above the limit set out in a "rent table," tenants can even sue to have their rent lowered.

Rents have been rising nonstop for 10 years, and the incomes aren't rising at all.  A lot of Berlin's tenants welcome this. No doubt this SOCIAL measure will result in fewer houses and apartments being built and renovated. See our Real Estate section for more. This "socialization", brings the Berlin regulations into line with legal situations already in place in other major cities, including New York, Vienna, Madrid, Barcelona, Brussels, and Amsterdam.

Real Estate prices will be taken down by the DEBT RESET and the Economic Depression. Prices will be adversely affected by both the SHORT TERM DEBT CYCLE (average 7 years) and the LONG TERM DEBT CYCLE (average 75 to 100 years). We all experience the Short Term Cycles. The Long Term Debt Cycle however is only experienced once in a lifetime and today most people have NOT experienced one. The last Long Term Debt cycle reset started in 1929 and ended after World War II.

"And remember, so as goes the price of one house in your street, so goes the price of all houses in that street.."

As Baby Boomers start to die and the Buyers (Millenniums) are a much smaller group, the net demand for Real Estate will also start to come down sharply over the next months and years.

Important Fundamentals:

  • Why the Repos and the massive overnight injections by the FED? because the public starts to mistrust the financial system and is withdrawing by necessity funds out of money market funds (us-kind-of-savings-account) the banks are short of funds...
  • Negative interest rates have a similar effect as heavy inflation.....it hollows out the value of fiat money.
  • India’s silver imports ...Click here for more

Important Technicals:

  • Quite often, gold miners tend to indicate where gold is going to move, by moving there first. In particular, the initial parts of major rallies should be confirmed by enormous strength in the gold mining sector.  
  • Expressed in Real Money or Gold, Bank shares are NOT expected to perform well. Note the trend is BEARISH.

Click here for more

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Wednesday, October 23, 2019 - Uranium still not HIP?


Updated Sections: Uranium shares, Banks & Financials,

A lecture on Uranium. [also see the dutch video in the Uranium section]

The bubble still has to burst. Harry Dent doesn't know what inflation is and we therefore totally disagree on his statement re. the expected inflation rate.

Important Fundamentals:

  • Massive Oil and Natural Gas reserves (la Vaca Muerta) are delivering enough Oil & Gas ...Click here for more

Updated Technicals:

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Tuesday, October 22, 2019 - Is the U.S. Dollar topping out?


Updated Sections: ,

dollar pulls backThe Dollar Index Pulls Back. A trade deal with China would be bearish for the dollar. An agreement on Brexit would boost the Pound and Euro. The next weeks will hopefully bring us more answers.

Short term is irrelevant. Whether the U.S. Dollar is topping out today or whether such will happen tomorrow, is completely irrelevant. Same remark we make for Gold and Silver. Whether the price of Gold and Silver is bottoming out today or tomorrow is completely irrelevant. Important is to be invested in Gold and Silver NOW. 

Today, ALL CURRENCIES (except maybe for the Swiss) have become of a higher risk because of GLOBAL DEBT and the LEVERAGED-realities of Bank manufactured financial products. Cryptocurrencies ain't any better. Crypto's are nothing but algorithms and have NO VALUE whatsoever and will never have any value. Only those living in LALA-Land buy these DREAMS.The Dollar Index Pulls Back. A trade deal with China would be bearish for the dollar. An agreement on Brexit would boost the pound and euro

Important Fundamentals:

Following traditionally happens during a major recession/depression:

  1. The stock markets drop by 90%.
  2. Municipal bonds Click here for more

Important Technicals:

  • The current downside pattern for Gold is a corrective pattern only.
  • The Dollar Top is in place and we will probably have to...Click here for more

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Monday, October 21, 2019 - Our vault is better than a bank - Safe deposit boxes aren't safe!


Updated Sections: US-Dollar, Oil shares, Natural Gas Shares,   ,

VaultOur Vault is Better than a Bank - Safe deposit boxes aren't safe! Our vault is synonymous with security. And you can store your metals in the vault after you purchase metals through Goldonomic's metal trader. It’s easy. Just select the box or vault of your choice during checkout. And your gold and silver is safely transported and available for trading. Top is that you can send the funds to purchase your metals from behind your computer.

While inside the vault, metals are:

  • Stored in your name – you own your whole coins and bars outright; no pools, fractional ownership, or paper certificates. No crypto hassles. • Fully-insured and verified – your metals are insured for market value* every step of the way. Metals are automatically insured for 100% of their value when kept in the UL3 safe. If you prefer to keep these in your personal safety box, the insurance will vary from $10,000 to $100,000.•
  • Liquid – want to make a move? Call or send an email to add to your holdings, any time. A settlement is fast. Prices are locked in. Also when you sell. No mailing metals or driving across the county to a local coin shop valuables in hand. Because of our concierge service we can, with your permission, even take metals out of your box.  Sell the coins or bars and send the funds to your bank account.
  • And if you change your mind…You can request home delivery of your metals at any time. Or partial delivery. Or transfer to a different vault here in the US or overseas.
  • They are your metals, it’s up to you. You have complete and total control of your gold and silver at all times. Using our services is so much better than a safe deposit box…
  • Your metals are outside of the financial system, protected by professionals, fully-insured, wholly owned by you and can’t be lent, melted, moved or used in any way without your permission. It’s the ultimate way to invest in physical metals.

"For a limited-time you can try vault storage, free*. Vault storage is the most secure way to hold your metals... AND it’s also the most affordable."

*: With a minimum purchase of Gold and/or Silver we offer free storage for a limited time. The time is the function of the size of the purchase and only valid for new clients.


confiscatedLast but not least and extremely important is the fact that the vault is locted in a TAX-FREE ZONE in a Political SAFE and STABLE country.  And we're talking about a country where they speak your language and where communication is easy. Whoever keeps his gold/silver within political reach will sometime in the near future have it conficated. Just like happened in 1933 (executive order 6102)  in the USA and after World War II in Europe (Gutt). Today, because of the DIGITALIZATION of the financial world, UBO, and CRS legislation it has even become easier for Government to take your savings away.

All that’s involved is a small, 3-monthly or yearly fee based on the value of your assets and/or the selected box. The cost is on par with annual gold and silver ETF expense fees, except with vault storage you own physical metals outright. It’s the real thing. But many people don’t realize how easy vault storage is…So, let us prove it to you...

 "The cost is on par with annual Gold and Silver ETF expense fees."

Try it out and experience all the benefits of vault storage… the peace of mind, the 24/7 access, liquidity, and of course, professional and fully-insured security. And…If you don’t like it, or want to transfer vaults, or simply want your metals at home, we’ll ship them to you. Anytime you want. Just give us a call or email us. No hassles whatsoever. Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or use our contact page...click here

Important Fundamentals:

  • The general price level of Coal,  Crude Oil, and Natural gas, in particular, confirm the World Economy sits in a Recession.
  • As we have been forecasting for years now, it still doesn't look like we shall see any Brexit tomorrow. Not even a hard one. Be advised that the impact of a (hard) Brexit on the EU would be catastrophic.
  • The QE-4 monster is alive. Central Banks have just given it another name so they can fool the naive citizen.
  • If PRINTED BANKNOTES and DIGITAL MONEY in a bank account are about to become worthless, the IMAGINARY CRYPTOCURRENCIES which are nothing more but an algo will also become worthless.

Important Technicals:

  • The Dollar Index Pulls Back. Most of the drop has come against the Euro and British Pound. The British Pound has been rising to the highest level in five months.
  • We expect that (give or take 4 weeks) the Gold & Silver sector ...Click here for more

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Friday, October 17, 2019 - Will Stock market indexes because of QE-4 Yes or No break out to the upside !?


Updated Sections: Recession Proof (hold), Bio-Pharma, 

oil tanker on fireIf Politicians ain't killing it, they are unhappy. Oil Shipping Costs Soar to Highest Levels in 11 Years. The Baltic Dirty Tanker Index broke out on the upside last week, to trade above 1500 for the first time since 2008. That follows the breakout in the Baltic Dry Index in August. The latter’s move has not been as pronounced but does highlight the additional pressure on the shipping sector from the impending implementation of the IMO2020 rules on ship emissions.

Higher shipping costs also come because of the higher political risk the Tanker sector has in shipping oil from A to B. Remember the Grace 1 (Gibraltar) and the tankers which were seized/damaged  in the street of Hormuz.


Around the world, there are millions of investors who every year spend billions of hours trying to achieve a decent return on investments. The number of areas people can invest in today is mind-boggling. But when it comes to financial markets, the great majority invests in stocks. And of those, very few outperform the various stock market indices.

"Ever since I entered the financial sector in 1972, Gold and Silver have outperformed all stock markets."

Most of the investment industry is just a massive system of mediocrity, self-interest, and navel-gazing. And this is done at the expense of ordinary people and pensioners who lose a major part of their potential return or pension by paying massive fees to an inefficient and poorly performing industry.

So we have poor returns on average at a time when all asset markets are setting records. What will then happen when stock markets turn down ?. Even worse, what happens when markets crash which is extremely likely to happen this year or at the latest in 2020? The weight of the debt will totally crush the global financial system. This is the moment when people will realize that all the money printed, including all debt, actually has zero value.

"If the debt and the money printed have no value, neither do the assets that the debt has financed."

Stocks are down 80% in real terms since ..... (see section of stock market indexes expressed in real terms) . Since 2000, gold has outperformed all stock markets significantly. The best performers are the Dow and the Dax that have lost “only” 60% respectively against gold. The Nikkei , AEX and the FTSE have lost 85% versus gold which is quite remarkable. Even the SMI (Swiss Index) has lost 75%. In Greece the loss (ATG) is a stunning 98,80%.

"One  cannot demand/receive interest for something which is worth ZERO!"

One cannot possibly receive interest in something which is worth nothing! If you attach a false value to debt or printed money, all the assets that were bought with this debt like stocks, bonds, and property will also have a false value. It is pretty straightforward really. If you print money at zero cost, it must have zero value. And even worse, if you lend it out at zero cost, the assets that this money is invested in must also have zero value. The equation is simple: 0 value IN = 0 value OUT.

Important Fundamentals:

  • Norway's Krone Hits Weakest on Record. ..Click here for more
  • Crude oil prices are close to breakeven levels for shale drillers, are challenging the profitability of newer offshore sites and are well below the fiscal breakevens for much of OPEC. That is putting downward pressure on the currencies of oil producers.
  • The Fed is catching up with the ECB in terms of total assets. Fed’s Balance Sheet has jumped to $3,950 billion in the past week, reduces the gap to the ECB to $1,235 billion. The largest gap was $1,517 billion in July. [also see yesterday's chart]

Important Technicals:

  • Stock markets: The BEARS have only 2 more weeks of seasonal help (until the end of October) to hold back an upside breakout. If Stock Markets Indexes do break out, we expect Gold and Silver to GEYSER towards respectively $1,900 and $20.
  • There is a growing demand for non-Dollar-shares like xxxxx, xxxxxx, (see previous updates)...and this points towards a LOWER Us-Dollar.
  • Will Stock market indexes because of QE-4 Yes or No break out to the upside !?... Click here for more
  • xxxx and xxxxxx price tripled in price over the past years and are showing the way for gold and silver.

Click here for more

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Thursday, October 17, 2019 - The endgame has already begun.


Updated Sections: , 

The endgame has already begun but as usual, only few people realize it has and fewer people do something about it.

"Central banks are by their actions telling us that that the world is now facing the final phase of the destruction of the world economy that Nixon started in August 1971."

Important Fundamentals:

  • xxx xxxx bankruptcies on the rise. There have been 26 bankruptcies in the U.S. shale industry this year, nearly as much as the 28 bankruptcies in all of 2018. The default rate of 5.7 percent is at its highest level since 2017, according to the Wall Street Journal. Investors have lost faith in shale E&Ps, and bankruptcies are on the rise. But this may pale in comparison to the debt wave that comes due over the next few years. Roughly $9 billion in debt is set to mature over the remainder of 2019 – but a massive $137 billion matures between 2020 and 2022.
  • The ECB is a central bank in real trouble. The German and the whole Eurozone economy is weakening dramatically and the banking system is on the verge of collapse with ailing banks not just in Germany but in Italy, France, Greece, etc.
  • Moments ago the Fed concluded the first POMO - as in Permanent Open Market Operation, not to be confused with Temporary - from previously announced T-Bill purchases ($60 billion per month, $7.5 billion per operation), and what it showed is a confirmation of the fact that there is an unprecedented demand for liquidity.
  • Specifically, the Fed purchased $7.501 billion in Treasury Bills out of $32.569 billion in T-Bills submitted. In other words, the operation was 4.3x oversubscribed, and when combined with the oversubscribed repo operation announced earlier today, confirms that there is a dramatic need for liquidity among the Primary Dealer community.
  • Note: The Fed buys Treasury Bills or this is how fresh Money is created.
  • Both the Balance sheets of the FED and the ECB are rising...the ECB is even doing better than the FED. This is nothing more but FIAT MONET CREATION. Each additional created Fiat Euro and Fiat Dollar ensures the already Dollars and Euro's in circulation Click here for more

balance sheet FED ECB 2019

Important Technicals:

  • While the silver and gold price is trading at another important short-term technical support level, the underlying fundamentals continue to improve. Since silver peaked at $19.75 and gold price at $1,550 at the beginning of September, it has been correcting lower to key support levels since. Both the gold and silver price had to correct back down to their key support levels before moving higher. 
  • We expect both Gold and Silver to Click here for more

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Wednesday, October 15, 2019 - IN AN ILLUSORY WORLD - GOLD IS THE TRUTH-TELLER.


Updated Sections: Juniors (all), Recession proof shares (LOCG), 

PanamaPanama will lead the growth in Central America to grow by 4.5% in 2019 and 4.6% in 2020. The World Bank indicated that Latin America and the Caribbean (LAC) entered a new stage of underperformance economic, but greater integration into international trade and global value chains could reignite economic growth.

"Over the coming years at least 25% of the jobs in the financial sector will be eliminated."

Dutch Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over" . An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that "if the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank's balance sheet and creates a sense of security."

"A bar of gold retains its value, even in times of crisis. This makes it the opposite of "shares, bonds and other securities" all of which have inherent risk and prices can go down."

It is hardly a coincidence that in its preparation for monetary doomsday, the Dutch Central Bank is also set to begin cracking down on crypto exchanges and wallets, stating that "firms offering services for the exchange between cryptos and regular money, and crypto wallet providers must register with De Nederlandsche Bank."

"Be advised that when the system collapses, Central Banks will need LOTS of GOLD and that at that time Governments will try to SEIZE your Gold!."


Important Fundamentals:

  • The Dutch Central Bank is admitting not only did gold not destabilize the monetary system, but it will be its only savior when everything crashes. Be advised that Central Banks and authorities will DENY this until it becomes the rule. They always do. This pattern sits in their DNA.
  • See the table below for the Gold Supply figures.

Click here for more

Important Technicals:

  • xxxxx xxxx and xxxxx show BUY signals + High Volume. This points towards a lower Dollar, and/or towards a potentially higher xxxxx.
  • xxxxx xxxx are bottoming out and bouncing up their 50 days moving averages, therefore Gold and Silver must also be bottoming out. However, we may have to way for some spark (example. a Hard or Semi-Hard BREXIT) to launch the next upleg.

  Click here for more

  •  Silver price manipulation.

Click here for more

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Tuesday, October 15, 2019 - 75 years ago people lost the bulk of their assets because of Operation Gutt!


Updated Sections: Miners & Gold vs. SP500, Juniors (partly), 

NBB Gutt fileOnly 75 years ago people lost the bulk of their assets (including their Gold and Silver) because of Operation Gutt. People hung and/or set themselves on fire. Most victims have passed away and few remember those days or have ever heard about the story of pillage in broad daylight by government.

75 years ago in May 1944, the Belgian franc was devaluated by 32.6% against gold (just like in the USA). Months later on September 4, 1944, THE OPERATION GUTT was initiated. The government had decided to seize the Belgian and foreign securities and all money instruments, and to confiscate whatever it could and closed the stock & financial markets. The operation was sold as a means to cleanse out the war profits but in reality, it was a confiscation by the government to make the citizens pay for the war debt.

Under the Minister of Finance, Camille Gutt, all bank/broker accounts were frozen. October 12, 1944, Finance Minister Camille Gutt addresses the Belgian citizens explaining that a major money exchange operation would be launched on 9 October. Between 9 and 12 October, the population had to exchange all Belgian francs for a limited amount of new notes, the balance would be blocked for a period of 40 years in a low yielding War-loan.

Only authorized banks and post offices were allowed to exchange money. Per family, a maximum of 2000 francs was paid out in new banknotes. Bank accounts were subject to the same measures.

"A man committed suicide while he burned his mattress filled with banknotes He left a letter asking Gutt to pay for his funeral"

Gutt galgThe measures Gutt took were followed in other liberated countries such as the Netherlands, Denmark and later France. When it happened in France, Louis Renault (the automobile manufacturer) committed suicide.

"Gold and Silver were also subject to the massive confication."

Gold and Silver were also subject to confiscation.  While in those days it may have been easier to hide these from the Governments, today with DIGITAL MONEY and the digitization of the financial world, such has become completely impossible.  Those who have not moved their physical gold/silver out of political reach will lose it all to the Government when they decide the time has come.

"Negative interest rates are nothing but the beginning of the 21st Century GUTT operation."

Negative interest rates are just a prelude to the coming massive debt conversion. We expect that Authorities will convert their debt obligations into long term bonds (100 years and longer) when the time has come.

No doubt that the operation Gutt was drastic. Not only does it proof that one cannot freely dispose of his own money, but also that once a government has a knowledge of what their citizens possess it can raise taxes as it pleases and confiscate whatever it wants. Even your Gold and Silver.

Click here for more on Gutt...The Remake of the operation Gutt

Important Fundamentals:

  • The odds to see a correction on the Stock Markets are growing each day. However, the odds to see a SEVERE 1929 CRASH ...Click here for more
  • DRDGold, a Johannesburg-listed company... Click here for more

Important Technicals:

Click here for more

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Monday, October 14, 2019 - The death of Europe and Madness of the Crowds.


Updated Sections: Long Term Stock Market Indexes, Royalties, Majors,  ,  

"The strange death of Europe" and "the Madness of Crowds" are two very interesting and actual books. The video highlights the main topics of the books.  It also explains WHY The People are acting and reacting the way they are and are so giving up centuries of civilization...It explains why there is no way back:  Europe is DOOMED and we will live the end. A very interesting video everyone must watch.

Brexit is an ultimate effort for Britain not to become part of the "strange death of Europe". Remarkable for a country where cities as London and Manchester have already been taken over by Muslim immigrants and are no longer British.  A country and a continent can survive an economic crisis, but cannot survive large scale invasions and/or "a present on a silver plate"  like happened in South Africa when the last white president F. W. De Klerk  'donated' his country to a criminal by the name of Nelsen Mandela. Ever since South Africa is becoming a dangerous place to be where not only the "rights" but also the lives of Whites are in great danger. Since Mandela took over, the South African rand lost 80% versus the US-Dollar and the Euro.  Johannesburg is now a dangerous 'BLACK' city looking like any other 'African Black city' with garbage dumps in the middle of the streets, dilapidated buildings, crime, ...

There is little doubt that at this time European leaders are giving away Europe to the Invading Barbarians. This is exactly what Douglas Murray highlights by saying that the beauty of Florence is given away to what is defined as "Refugees" or people who will destroy and consume whatever they can. Paris, Brussels, Antwerp, Rotterdam, Amsterdam, London, Manchester,...have become hellholes where Immigrants have more rights and the local population has fewer and fewer rights.

"To have a Permanent Residence in a politically stable country is each one's moral obligation."

Being aware and experiencing what is happening right under our nose, it is everyone's obligation to have a plan "B" . To work on a "Permanent Residence" in a political STABLE country is each one's moral obligation.  Once things really turn sour, it will be too late and become unaffordable. Those who think 'Authorities' and/or 'Politicians' will save them probably don't know that as soon as things turn sour, the first to leave the ship is the RATS: members of Government, Royalties, Politicians.  Our advice is to go for your 2nd permanent residence NOW. While everybody can still afford it! - send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. or use the contact form of the Goldonomic site for more information. We have a 100% success rate.

"Governments & Royalties are always the 1st Rats to leave the country once things turn sour!"

Note: both books of Douglas Murray have been translated in several languages and we strongly advise to read these.


 


U.S. Debt (=money supply) Balloons $800 Billion In Two Months.
The rate at which black swans are showing up in the world should scare the hell out of people. But, unfortunately, everyone seems to be lost in the highly complex technology of I-phones, computers, social media, and the telly to notice that something is definitely wrong. The current situation reminds me of a famous scene in the Monty Python movie, The Holy Grail, where a guy is banging a bell and saying, "Bring out your dead."

Most people simply don't realize what is happening. They can't understand what is happening. They are blinded by the lies of the Politicians and their Mainstream Media. They FAIL TO THINK! Many were born in LALA-land and are convinced they will die in LALA-land.

No matter what Powell and Specialist Mme Lagarde claim, the FED and the ECB are doing QE (creation of money out of thin air). The goal is to suppress interest rates to sustain debt and asset bubbles. The only difference is that this time it won't work!

 Note: the DEBT/Fiat Money creation out of thin air in the EU is even BIGGER than what the FED does in the USA.


Important Fundamentals:

  • The Dollar is going to get killed (the Euro as well) and more...A MUST WATCH!

sorry, only for Subscribers...Click here for more

  • A sale of € 487.5 million 13-week bills last Wednesday drew Greece's first-ever negative yield of -0.02% as investors now pay bankrupt Athens for the privilege of lending it money. Greece has now joined other bankrupt EU-countries like Italy, Spain, a.o. in this morbid game.

greece negative yield 2019

Important Technicals:

  • Most technical analysts look at short-term trends, but if you want to determine if an asset has begun a new bull market, it’s probably more instructive to look at the long-term picture. Either the BAR-charts and even better the PF-charts will do. This is a chart of quarterly gold prices from 1975 through the third quarter of this year (September 2019). Notice the similarities between now and ...Click here for more

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Thursday & Friday, October 10/11, 2019 - The Bond Market is the Biggest Bubble of our Lifetime!


Updated Sections: Indexes in Real Money or Gold (probably the most important section) ,

Screen Shot 2019 10 09 at 3.19.45 PMFed's Balance Sheet Ballooned by $176 Billion Since September. The next bail-out or bail-in will be bigger than the 2008 one. Under Powell, normalization now means increasing the Fed's balance sheet to as yet undefined heights.  Within a few months, the  Fed's balance sheet will exceed the $4.5 trillion peak it hit prior to the FED starting QE. Sometime next year we expect the Fed's balance sheet to grow beyond $5 trillion and will keep growing indefinitely. But don't worry, it's not QE!

Powell announces the FED is 'not' doing QE - and the IDIOTS believe it!

The Bond Market is the Biggest Bubble of our Lifetime.  On a global level, bonds with a value of about $15 trillion currently trade with a negative yield. What’s going on here? For every investor today, the starting point must be the bond market. Just a few weeks ago, we had $17 trillion of negative-yielding debt. We’re now down to about 15, but even that is way too much. This is investment money that is guaranteed to produce a loss of capital. These extreme levels in today’s bond market can only have two possible explanations. One, the world faces an economic meltdown of epic proportions. Two, the bond market is the biggest bubble we have ever witnessed. The only way anyone can justify buying bonds with a negative yield is if they believe the deflationary argument is self-fulfilling.

So much for those who pretend Gold doesn't pay interest and is a bad investment.

Gold return 2019 10 08

Government has become a MONSTER destroying Free Entreprise, killing the economy and society. People must be extremely naive to believe the Government can and will bring anything good, ever. The video clearly explains how this is done.

Click here for more

Important Fundamentals:

us gold exports 2019 10 08

  • Banks cannot and will not survive on low and negative interest rates! People should Click here for more
  • HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than Click here for more

Important Technicals:

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Wednesday, October 9, 2019 - People live by their emotions rather than by Reason.


Updated Sections: World Stock Market Indexes, Majors - Fundamentals

apes“Devolved Parliament,” showing Britain’s House of Commons populated by chimpanzees, sold for £ 9.9 million with fees, or about $12.1 million, at Sotheby’s, setting an auction high for his work. Few people realize the Government,  Authorities are nothing more but a bunch of narcissist apes craving for power and money and that they don't give anything about The People. Most people DREAM that they can change something by voting. Not so!

People live by their EMOTIONS rather than by REASON.  They live by emotion and their approach is to feed emotions rather than moving on from them. Moving on requires honest reflection, which most persons are terrified of. Hedonistic addictions and constant guilt projection shut down any honest thinking process.

Without thinking too much, negative rates indicate that the economy is unable to generate sufficient income to service its debt. Debt Politicians & Central Banks generated over the past decennial and since 1971. Almost always, all roads lead us back to debt sustainability levels. In order for an economic system to reduce debt, it requires growth or inflation or currency devaluation. For an economic system to exercise one of the two (growth not included), the capital transfer is to be facilitated. This capital movement in a negative rate environment is from the savers to the borrowers. Your invested value, the money you gave to borrowers would have a value lower than the face value. Barbaric! Savers should be the winners, not the borrowers!

Developed economies are at a crisis point, the powers of unconventional monetary policy are exhausted, and markets are just beginning to wake up to this. When developed markets finally crack, there will be serious implications for every asset class and economy.

The emerging markets have more levers to pull when compared to developed markets, where the money printing taps have been turned on and interest rate settings are near zero. In the emerging world, economic and monetary policy is broadly orthodox. It is the West that is running unorthodox economic and monetary policy and it is the West, ironically, that is now on the cliff edge.

"Central Banks Are Creating Bubbles Instead Of Helping The Economy; The Result Will Be A Disaster."

Important Fundamentals:

  • DOW/GOLD AT THE BEGINNING OF A 95% FALL. Since 1999, the Dow is down 63% against gold. Just since April this year the Dow has fallen 20% against gold. But this is just the beginning. This ratio will go below the zero lines, where it was in 1980. This size of such a fall in the Dow/Gold ratio means that if you hold gold instead of stocks, you will avoid a relative loss of at least 95% in the next few years. Click here for more

Important Technicals:

"Every ship at the bottom of the ocean also had a chart room." There's an important caveat, there, however: Were the navigators looking at the charts? Stock charts only tell you something if you want to hear it...

 Click here for more

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Monday & Tuesday, October 7/8, 2019 - The Herd has an IQ as big as a Goldfish in a bowl.


Updated Sections: SA-Rand & Gold, Kr-Gold & Krona, Yuan Gold & Yuan, Rupee-Gold, World Stock Market Indexes (partly),

circusThe World and the Financial Markets have become one giant Casino ruled by Politicians, Central Banks, and their Propaganda Tricks,  Fiat Money creation, Interest Rate manipulation, market rigging. One day in the not too distant figure, this will all blow up. If we are happy, the circus we live in may last until 2024. At that time, it is almost sure the Democrats (read: Socialists, Communists) will take over and break the back of the Camel. Of course, this can already happen today, tomorrow, next week, next month or next year. TIMING is very hard, if possible at all. 

"Politicians have become dangerous Clowns, Central Bankers their toys and the world one dangerous Circus-Circus."

‘When the catharsis happens and the cops raid the house of ill repute, they carry out the good girls, the bad girls, and the piano player too.’ And that’s what’s going to happen in these financial markets when the big reset comes — everything is going to be given a pretty nasty haircut. So the idea then is to get out of the casino, liquidate stocks, liquidate bonds, get into cash and get into gold. And there’s going to be some really attractive opportunities to deploy cash once this happens. Of course, only for those who have stored their buying power into the correct safe instruments and kept these out of political reach. 

"Philip the Fair had the Crusaders tortured until they confessed where they had hidden their Gold." 


King Phillip IV of France set his sights on the fabled riches of the Knights Templar. His aim was to confiscate all their treasuries and properties in France, but he had to achieve ittemplars legally (Hitler also never did something illegal). He had to accuse them of crimes so heinous that, if proved, no one would dare come to their rescue. He had to accuse all of them, and he had to find a way to make the charges stick.

And he had to be quick about it because battle-hardened Templar knights were already returning to France. Also, he wanted to hand pope Clement a stack of confessions so damning that the pope would lose his stomach for siding with the Order. By making the charges religious in nature, Phillip would be seen not as an avaricious thief, but as a noble servant of God. [Ever heard of Global Warming? - History never changes...only the players and the setup change]

 "Today, Phillip will take away your pension, your savings, tax your real estate(s) to death and try to seize all your gold."


The idea that the consumer is strong and will save the economy is nonsense. Consumers have never been weaker. Their ability to spent is contingent on their willingness and ability to go deeper into debt. Both will end soon. The party is over. Time to pay the piper!

The Fed claims it is not doing QE, but last weeks it's balance sheet expanded by $88.1 bn. ...Click here for more

Important Fundamentals:

  • QE-4 has been initiated and the odds are that this will propel the stock markets to new highs. However, in our opinion, the Gold & Silver sector will do much better and will be a lot safer vehicle. We 'do hope' the stock markets resume their bull trend as this will SUPPORT even higher prices in the Gold & Silver sector.
  • xxxxx: Under the Radar Value with 5G and Cloud...Click here for more
  • xxx xxxx trims plans for Canadian cobalt mine on weak prices.

Important Technicals:

  • Our PF-chart of Gold expressed in Yuan & comment says it all. If you don't have Gold and/or Silver and you don't buy any now, you're a F****G RETARD?!
  • Gold & Silver: a... Click here for more
  • If and when the stock markets break their STOP BUY lines (overhead resistance zone), they will - by doing so - signal the stock markets will move into the hyperinflation-mode and will go a lot higher.   
  • The bar chart of Gold expressed in Krona below says it all...see the BUY-VOLUME on the chart. This has to break out... Click here for more

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Friday, October 4, 2019 - Gold and Silver ETFs are just a BAD idea. Just like any FIAT PAPER GOLD is a BAD idea.


Updated Sections: Aussie & Aussie-Gold, Swiss Franc & Gold , CanDollar & Gold, ¥en & Gold, 
£-British Pound & Gold

fools gold

Gold and Silver ETFs are just a BAD idea. Just like any FIAT PAPER GOLD is a BAD idea. Just like Gold & Silver options and warrants are a bad idea. Just like keeping your Gold & Silver in a Bank-vault is a bad idea. Just like keeping all your Gold & Silver withing political reach is a bad idea. With this type of debt instrument, you don’t actually own the gold yourself. You become a creditor with nothing more than a claim on someone else’s gold. Having said this, keeping all your money with a bank is as stupid.

There’s really no substitute for owning physical gold; it is an easy way to store a LOT of wealth outside of the financial system… and that’s an idea that everyone ought to consider. Most people hold their savings in bank or brokerage accounts, both of which can be quickly frozen by countless government agencies with nothing more than a phone call to your financial institution. This happens every single day to innocent people who have never done anything wrong in their lives.

"The culture of compliance among banks today is so extreme that they adopt a ‘guilty until proven innocent’ mentality to every single transaction."

These days, banks routinely freeze their customers’ accounts because they find completely normal, harmless transactions to be ‘suspicious’. The culture of compliance among banks today is so extreme that they adopt a ‘guilty until proven innocent’ mentality to every single transaction, treating their depositors like criminal suspects instead of valued customers. You’d have to be insane to keep 100% of your savings trapped in this kind of financial system where you can be so easily separated from your funds.

Unlike bank and brokerage accounts, gold stored in your safe in a vault is 100% under your control. And even a relatively small safe can hold millions of dollars worth of gold. Most Vaults INSURE your goods and in some vaults, you can even insure your goods against political risk (read: war).

Note: The banking system is in dire shape and to add injury to injury, Compliance makes things even worse. Our guess is that the Banking system will, best case scenario, survive until 2014.


Screen Shot 2019 10 03 at 2.56.44 PM
NEW YORK Housing Prices In Near ‘Free Fall,’ Conditions Mirror Recession Era.
  The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases.

The median sales price for properties fell 17 % from the same quarter last year, to $999,950. The average sales price dropped 12 %, to $1.64 million. Condominium sales fell 8 %, logging 946 transactions.

Note: wise investors buy Real Estate when interest rates are HIGH and sell when interest rates are LOW/Negative (like now). IDIOTS take a mortgage at a low, zero or negative interest rate and buy real estate now.


Important Fundamentals:

  • Don't buy Gold & Silver Bars. The day comes that Gold will sell for $3,700 per oz.  One bar will be worth $120,000 and that is a lot of money. If at that time you need to sell some gold, you have to sell your 1 kg. bar instead of some gold coins.
  • Exchange your Gold & Silver bars for Click here for more

Important Technicals:

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Thursday, October 3, 2019 - the creation of fiat money out of thin air sends incorrect signals to the entrepreneurs.


Updated Sections: , 

death of money

The creation of Fiat Money out of thin air and the resulting low/negative interest rates sends DANGEROUS incorrect signals to Entrepreneurs and Politicians
. It is all so simple that few actually understand it.  There is no such thing as FREE MONEY and ZERO/NEGATIVE interest rates can only exist momentarily.  Sooner or later, any system will revert to normalcy. The longer the natural laws of the economy are violated, the harder and the more catastrophic the return to NORMALCY will be.

"Normalcy is Positive interest rates and REAL money, and Money that cannot be printed or manufactured by human beings."


The Fiasco of Fiat Money by the Mises Institute

Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.

Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads to overindebtedness; it corrupts society's morals, and it will ultimately end in a depression on a grand scale.

The fiat-money regime essentially rests on central bankingmeaning that a government-sponsored central bank holds the money-production monopoly — and fractional-reserve banking, denoting banks issuing money created out of thin air, or ex nihilo.

In The Mystery of Banking, Murray N. Rothbard uncovers the fiat-money regime — with central banking and fractional-reserve banking — as a form of embezzlement, a scheme of thievery.

Fiat money is not only inflationary, thereby causing all the economic and societal evils of eroding the purchasing power of money and leading to a non-free-market related redistribution of income and wealth among the people; banks' circulation credit expansion also artificially lowers the market interest rate to below the rate that would prevail had the credit and fiat-money supply not been artificially raised, thereby making debt financing unduly attractive, especially for government.

It is the artificial lowering of the market interest rate that also induces an artificial boom, which leads to overconsumption and malinvestment, and which must ultimately end in a bust. Mises put it succinctly:

The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation, which, as in all other cases of unlimited inflation, ends in a "crack-up boom" and in a collapse of the money and credit system. Or the banks stop before this point is reached, voluntarily renounce further credit expansion and thus bring about the crisis. The depression follows in both instances.

Click here to read more on the Mises site

Click on the picture below for more on inflation and deflation.

"The curse of deflation is that it increases the burden of debts. Incomes fall: debts stay the same. This way lies suffocation."

Also, in a cycle of (hyper)inflation, we see a shift from HOCG to LOCG. In other words, because of the misallocation of funds into HOCG, the supply of these goods is too large for the consumers to absorb. The general price level of these goods tends to fall. On the other hand, because of the same misallocation of funds, there is a shortage in supply of LOCG and the general price level of these goods goes up. The (hyper)inflation cycle will last until all of the misallocated funds have shifted from the HOCG into the LOCG and the supply of these goods and the demand is in equilibrium. [note:  HOCG or High Order Capital Goods - LOCG or Low Order Consumer Goods.]

example: 1. because of very low-interest rates, a cookie factory might decide to take on more debt and expand its production. However, because of the general condition of the markets, the supply of the cookies is too large for the consumers to absorb.  The demand for cookies fall and so does the general level of price for cookies. The cookie factory runs into problems as it is no longer able to pay back its loan.  2. Thomas Cook is example #2.

Read: what has the Government done to our money...click here

Important Fundamentals:

  • Negative interest rates = they are panicking and doing the impossible to keep the economy alive...Click here for more

Important Technicals:

  • Stock markets do exactly what we called.
  • Gold & Silver do exactly what we called.  Click here for more

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Wednesday, October 2, 2019 - Ever heard of Real Estate flipping, Stock flipping?


Updated Sections: $-Gold, Silver, US-Dollar , €-Gold & $/€,

stock tradingEver heard of Real Estate flipping? Of Stock Flipping? It's a growing movement of people who are fed up with the false promises of get-rich-quick real estate investing. Today, people who used to FLIP REAL ESTATE during the years 2003-2006 are also joining.

These haven't learned their lesson after - in the years 2007-2009 - they got stuck during the real estate crisis in the USA. At that time all real estate flippers got stuck with their properties and lost HUGE. Funds were lost and properties were foreclosed on by the bankers. Note: unlike in Europe, in the USA one can return the keys of a property to the bank and not suffer more personal losses.

Now many people are tired of seeing no return on their savings. They are tired of these low and negative interest rates. And waiting MONTHS to see a return on their money (which they sometimes don't). Stock flippers think to have found a way to leverage the skills they built in real estate to make real money...While leaving behind the bone-crushing grind of finding, fixing, and selling properties. Some of them are now making $15,000-$30,000 a month with less than an hour of work a week. Most, however, are losing money and just like happened with Real Estate Flippers, the Stock flippers (or Traders) will lose BIG TIME once the next big correction and/or crash happens.

"My experience is that - in the end - short term traders and flippers always lose big because while short term fluctuations can from time to time be predictable , in the end these are as unpredictable as a roulette."

Healthy Investing must be the result of a reasoning process and a solid, sound position is the best to build over several years.  Once a position has been assumed one must sit tight and ride all corrections out. Emotions, as well as greed,  are one's biggest enemy. Remember all markets climb a wall of worry and fall off a cliff of enthusiasm. Hence, if you really want to earn, you will have to go against the flow: BUY when nobody does and SELL when everybody Buys!...if you do this, THE HERD will make you rich.


Interest Rates have gone BANANAS and even worse is that each additional created amount of DEBT & Money now has a NEGATIVE IMPACT on the economy.

Italy yields 2019 08 28 marginal yield of debt added 2019 08 21
Italy is bankrupt but pays no interest on its debt!? The more debt, the worse for the economy

Important Fundamentals:

  • The next explosive phase in the precious metals market has just started. As always is the case, the beginning is so slow that only the wealth preservationists and the gold bugs are seeing it. But since these are less than 1/2% of world financial assets, it means that virtually no one is aware of what is happening.
  • xxxx (xxx) has achieved a breakthrough in its shale gas exploration and added 741 billion cubic meters of shale gas reserves in the Sichuan province plus 358 million tons of oil. Click here for more

Important Technicals:

  • Whatever the media may pretend, TECHNICALLY SPEAKING, the Stock Markets don't look good!!! SEE CHARTS BELOW.
  • xxxx & xxxx continue to consolidate and current supports hold. We may even have a bottom.
  • The Dollar continues to xxx.

Click here for more

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Tuesday, October 1st, 2019 - We are nearing the end of this global fiat money experiment.


Updated Sections: Treasuries in the EU, Corporate Bonds, $-Gold,

sweden
Sweden and the UK are lost forever and countries like Belgium, The Netherlands and France are following in sequence
. From the beginning of 2019 to the end of July, there were 120 bombings in Sweden, according to police statistics.

  • In Uppsala alone, a picturesque Swedish university town, where 80% of girls do not feel safe in the city center, four rapes or attempted rapes took place in early August within four days.
  • "Stop the rapes – you are letting the women down... That women do not have the same opportunity to move freely in the streets and squares without having to worry about being exposed to crime, is a serious restriction on women's freedom and self-determination". — Josefin Malmqvist, member of parliament for the Moderate Party; Aftonbladet, August 24, 2019.

Last week’s REPO meltdown points to the 2008 financial crisis & may lead to new bank crashes.  The REPO rate is the interest rates a bank charges to other banks for loans which are used to cover overnight and SHORT term money problems. Last weeks,  the Fed had to step in and do a $75 billion repo facility on an overnight basis for several banks and plans to go on injection bn$75 on a daily basis until some time next October.

Why would you save if you receive no interest on your savings? This breaks all the natural laws on money. Having said this, WHY would banks pay interest on money which is worth nothing? With negative interest rates, you will NOT create more inflation because nobody is earning interest on money...there is NO profit...actually by doing so, Central banks are KILLING the economy and the financial system. Having said this, even by pushing interest rates to negative levels, Central bankers do NOT succeed in making consumers consume more. As long as they feel unsafe (like they do now) they will consume LESS!

In the end, the oversupply of debt will crash the bond markets and by then, the biggest bubble in the world will crash and we'll see hyperinflation. During times of hyperinflation, the price of HOCG (high order capital goods - like the price of real estate ) crash while the price of LOCG (low order consumer goods - like food soars ).

In order to allow for a fresh economic revival, the debt needs to be wiped out and such is only possible if the asset values are also wiped out. When this happens, Money will disappear, your bank deposits will become worthless, banks will go bankrupt, pensions will disappear, insurance Co's will no longer be able to cover the risks...nothing will be left, except for REAL MONEY. Measured in gold, stocks and property markets about to lose at least 95%.

The American society in particular lives off debt and credit cards. 50% of Americans make less than $30,000 a year. Even those who make $70,000 per year, struggle just to continue to be part of the Middle-class. This is all happening on borrowed money, credit card debt and borrowed time...Soon everything will be on sale and heavily discounted. Cash will NOT do...only Gold and Silver will protect you.

This time the BIG banks are in real trouble – more than $250 billion – FED had to inject this amount of money in order to keep the big banks afloat.

“The central banks are panicking. They don’t know what to do anymore. Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming"

The ECB, FED and Central Banks will be powerless during the next recession (which sits just around the corner). The Central Banks do whatever they can to delay this next recession for as long as possible. The problem, however, is that, the longer the delay, the more severe the recession!

Soon the Herd will experience that INFLATION = TAXATION. The following video is for those who still live in the conviction that in LALA_LAND Governments can solve the debt problem. 

In the following video, Glenn Beck clearly explains WHAT "repo" is and how dangerous the repo business can be. There is no doubt in my mind that Banks in Europe are coping with the same problem. Only, in Europe, it is easier to HIDE this from the public.

Important Fundamentals:

  • In a healthy economy economic growth drives consumer spending. In a bubble economy, debt drives consumer spending, which boosts GDP, but not the real economy. When the bubble pops the phony growth is exposed.
  • 280 bn $ is the daily turnover of the gold derivatives market. It is a multitude of gold production. 2,500-3,000 tonnes of gold are mined annually. This is 950,000 or 1,425,000,000 $ of gold or $1,4 bn.
  • ETF's are NOT buying physical Gold, Hedge funds are NOT buying physical Gold. Even the GLD is not buying physical gold.
  • Expect a failure to deliver physical gold and silver within the next 2 years... Click here for more

"The DAILY turnover of Gold on the paper market is 200 TIMES higher than the YEARLY physical production of Gold."

Important Technicals:

  • Friday's action in the Gold & Silver sector may well indicate  Click here for more 
  • As PAPER Gold & Silver correct,   

Click here for more

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