“We can ignore reality, but we cannot ignore the consequences of ignoring reality.” Ayn Rand
|physical: add up to $200 per oz.||for physical add up to $11 per oz.||Are you still Paper Gold?
- Better, we advise you to consult the site on a daily basis. Especially because the most interesting YouTube videos are often CENSURED!
- Go back and read the older updates & Education hall - there is also A LOT of valuable information in these.
- Candle (and often also PF-charts may be updated at all times, even if not mentioned in the "Updated Sections" - do check the charts in the sections
Wednesday/Thursday, October 20,21, 2021 - They're Coming For You with TAXES and with HYPERINFLATION (hidden taxes).
Updated Sections: Gold & Silver Juniors, Recession Proof(LOCG), Recession Proof-hold,
Bio Tech-Pharma, Oil Shares,
Yesterday, 34 years ago was a Monday and I learned firsthand what a CRASH was like. I still exactly know WHERE I was, how I was dressed, and how it felt to feel the bottom slide away under my feet! Most of today's investors were still not born that year...
For years, politicians have claimed that the rich weren’t paying their “fair share.” While it’s taken a decade or more for voters to catch wind of the truth, people are finally beginning to realize that the rich actually pay far more than the rest of us (about 40$ to 60% of all taxes).
According to official figures, the average household in the top 1% earns 120 times what the average poor household earns, but pays 2,000 times as much taxes. Even after deductions, exemptions, write-offs, income deferrals, and whatever other accounting and legal arcana the rich throw at their tax returns, in the end, the typical one-percenter paid 32% of his income in 2018 versus 13% for the typical middle-class household and almost 0% for the typical poor household.
What politicians want is to foment class warfare. If they can get the middle class and poor to resent the rich, those same politicians can expand the scope of taxation into areas it has never before touched. At the same time, by doing this, they buy a lot of votes...and don't we all know that there are more votes available in the middle class...and even more in the lower classes.
What’s really going on is that politicians see a coming fiscal storm, and they are desperate to find new sources of revenue before it hits. By 2031 the federal debt will have reached almost $36 trillion. Figures are even worse in the EUSSR.
The politicians have realized that raising taxes isn’t enough. They need new sources of tax revenue that haven’t existed before. Their first step is to institute new taxes on wealth and unrealized capital gains. The second step is to instate a “Reichsfluchtsteuer” in order to be able to tax anybody who decides to vote with his feet..or emigrates to a country where the politicians are not that stupid yet.
"A day of reckoning is coming. That will be when all the money of the others has been spent."
A day of reckoning is coming. That will be when all the money of the others has been spent. And the whole process accelerates because (Hyper)INFLATION now also starts to steal your wealth. Inflation is nothing more than a HIDDEN TAX. Inflation is the more than proportional creation of fiat money out of thin air. Since 2008 the additional Fiat money created out of thin air was as much as was created over the first 250 years.
What most don't realize is that WEALTH is NOT currency, is NOT money in your bank account. Wealth is a strange animal, it is like a Cameleon changing colors. For those holding ASSETS expressed in US-Dollars, (and this includes Real Estate), they should be aware that at this time the total liabilities of the U.S.A. are 1,100% of GDP (Gross Domestic Product). In other words, the reality is that the USA is bankrupt and therefore also its currency or the US-Dollar.
"It is NOT the price of Goods & Services going up, but the value of paper money coming down!"
This is NO drill...this is for REAL...It will get ugly, very quickly!
We could make similar reasoning for the Euro, the British Pound, the Japanese Yen, the Aussie, the Swiss,...etc. Therefore, holding your wealth in Sterling, Euros, Yen, Swiss franc,...etc also is not safe. The liabilities of the former countries are also extremely high and these countries, their currencies, and assets expressed in these currencies are therefore also in a state of bankruptcy.
"There is only ONE SAFE SOLUTION and it is to store your wealth in the mother of all assets or GOLD (and Silver)."
There are only 3 ways out of this shit. One is that a prosperous economic boom allows us over the next years to cover for all the liabilities. I don't have to convince anybody that this is simply impossible. TWO is to declare a DEBT MORATORIUM. The problem with TWO is that the people would riot and it would cost the heads of the ruling class & politicians (like it did during the French Revolution). THREE is Hyperinflation. Hyperinflation is a more or less politically safe way of getting rid of all debt and liabilities. It also has the advantage that it allows politicians to BLAME OTHERS (COVID-virus) for the problems. and politicians LOVE to blame others....because the Herd always buys it!
Driving the interest rates down did not and can not solve the problem. This only postpones the drama. The longer you postpone the drama, the bigger the catharsis (Von Mises). Low and negative interest rates, however, have only a marginal impact and will NOT change the outcome of the coming 'exponential' action of hyperinflation (or the exponential loss of purchasing power of the currencies).
- Staying in the Digital Financial system is about the worst one can do today. When worst comes to worst, the drama may happen overnight and there will be no escape whatsoever. The best way for anybody is in fact, very simple. However, it is ignored by 99% of the people. Just like Covid-19 did, what is coming will happen in a way most people have NOT prepared for.
- Advisors and Bankers and Investors keep discussing whether we shall see higher or lower markets, whether we shall see higher or lower interest rates, which sectors will benefit, and which sectors will suffer. Almost none goes all the way to the core of what really is going to happen.
- Everybody is wasting his energy and time by looking at the details but overlooking the big picture. This is no longer a matter of STOCK PICKING!
The following video proofs how SICK politicians are. The ruling class has become hazardous to Planet Earth. These sick minds have to GO as soon as possible. The longer the "We the People" wait, the more blood will flow!
- Copper Supply Squeeze Puts Premium on Spot Trades. Spot copper prices have soared to an all-time high today at $11,300 per metric ton amidst extremely tight supply, just as the spread between cash and three-month futures surged beyond $1,000 per tonne, a premium not seen since 1994.
- The US xxxxxx Generation Breaks the Cold Streak. Following 7 years of consecutive year-on-year declines, the EIA believes electricity generation from coal is poised to bounce back this year as skyrocketing gas prices and relatively stable coal prices have boosted the prospects of the latter.
- The US drilling services firm xxxxxxxx posted a net profit of $248 million in Q3, bouncing back from a net loss year-on-year, as oil and gas producers ramped up drilling on the back of increasing crude prices,
- Uranium shares (URA +6.2%) rocket higher after Kazakhstan, the world's largest producer and seller of natural uranium, unveils plans to launch in a physical uranium fund.
|Food prices will go up ‘tremendously’ over the coming weeks and months.||Real Inflation is 13%|
- I get the impression that GOLD will become a deja vu of 1968 or an OVERNIGHT SCENARIO. (see The Gold pool).
- Silver is back over $24/oz.
- After 18 months of near-vertical gains…the greatest stock market bull run in history is starting to falter. And while some experts are urging investors to “buy the dip”…others are warning that the worst crash in financial history is straight ahead. Sure is that when we express equities in Index In Real Money/Gold the crash is already happening.
- Charts are like a STRIP. Looking at one chart is meaningless. Only when looking at all charts you will understand the whole picture and the story...and will you be able to invest properly.
|Still a bear trend!||A cup and handle for $-Gold.
||The next Target for Oil is $88|
|Running into Resistance.|
© - All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.
Monday/Tuesday, October 18-19, 2021 - This is NO DRILL...this is for REAL!
Updated Sections: Gold & Silver Majors, Miners & Gold vs SPX
No signs of stopping. Gas and electricity prices in Europe hit another record. Thank you IDIOT-GREEN-POLITICIANS. U.S. crude oil benchmark WTI hit the highest level in seven years. Rallying gas prices are already boosting oil demand with gas-to-oil switch
Vladimir Lenin, Russia’s Communist revolutionary, famously observed that the “best way to destroy the West is to debauch the currency.” This crucial component of the Marxist-Leninist prescription for the West’s demise is now being implemented by many leading central banks. Low to negative interest rate policies in many countries wreak havoc with the markets and break down social classes. They ravish the savings of the middle class in particular.
The myth that recessions and overheating can be prevented by central banks and that cheap money stimulates consumption and investment, thus boosting the economy, has led to low to negative interest rate policies in many countries. In reality, this policy causes speculative bubbles and crashes, destroys savings, and strains the affected countries’ social fabric.
Savings endow their owners with freedom of choice. They also inspire healthy pride and self-confidence. Debts, on the other hand, limit one’s freedom, as third parties, the creditors, have their say. This loss of freedom in a debt-driven society increases dependence on public welfare, especially in retirement. The IMF and some central banks, including Germany’s Bundesbank, now want to accelerate this alarming “socialization” process by proposing to confiscate a considerable share of citizens’ savings in order to cover government debt.
These “monetarist” interventions in the economy are amplified by overregulation and a mania for control. A combination of ever-growing government debt, elimination of the incentives to save and an empowered bureaucracy is putting Western countries on a path to becoming planned economies.
‘The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation'
Once the currency is debased, savings are taken away, property rights are weakened to a point where they remain only on paper, a Marxist-Leninist “socialization” of the means of production is practically accomplished. It is worth noting how smugly the current talk of abolishing cash in favor of electronic accounts fits into the scheme of total state control.
Today, citizens of Western democracies are subjected to ever-expanding, all-encompassing registration, and monitoring. Tax systems are becoming more complex, which justifies additional layers of supervision. Personal finances are scrutinized under pretexts ranging from tax compliance to fighting terrorism, and private payments must be accounted for.
An excessive exchange of data to and between authorities has become the rule and this erosion of privacy meets little resistance. Those in the West who unwittingly helped the Communists’ cynical agenda are “useful idiots”; nowadays, these are people who say to themselves, “I am honest, I have nothing to hide, and therefore I do not object to such controls.” These are also the people who don't care about wearing Masks, to let them be vaccinated and be part of the COVID-PASS system. They don't realize that this is just a drill for what is to come next. One thing is certain: the data will be misused, freedom further restricted.
A free society can only grow based on freedom of choice and trust. In 1989, the bankrupt and thoroughly compromised Soviet system left the scene. Incredibly now, the policies of the West’s leading central banks and governments are working to resurrect EXACTLY the SAME policies under a different name.
- Today's monetary crisis started in 1971 after Nixon closed the gold window. Over the past years, the Authorities and Central Banks were more or less able to contain the problem. Only, now, we have come to a point where little or no arrows are left. Be aware that "the last arrow" most of the time is WAR! (revolution, civil war,...)
- The Debt Ceiling, this COVID-THING is nothing more but a pony, cowboy, and Indian show to divert the attention of the herd.
- Gold Demand
- Charts are like a STRIP. Looking at one chart only is meaningless. Only when looking at all charts you will understand the whole picture and the story...and will you be able to invest properly.
- Massive Volume On Gold’s Upside Breakout And Miners Surge 4%, But Look At the Silver Surprise.
| Breakout for $-Gold
||A short term 30% profit potential
||Breakout for Juniors|
|Bullish and good for +100%||Bullish Wedge good for +100%
||Good for +20%|
|Good for +20%|
© - All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.
Friday, October 15, 2021 - Are you still chasing Fools Gold or are you aware that only Real Physical Gold counts!?
Updated Sections: World Stock Market Index, Long Term Charts, Royalty Cos, Gold-Silver Majors
Putin says the US itself is killing the dollar as a reserve currency by weaponizing sanctions & uncontrolled money printing, fueling inflation. One does not have to be an Einstein to understand this...or do you?! Why then, do most people keep chasing FOOLS GOLD!??
"You must stop expressing the price of assets in FIAT MONEY for only the price in Real Money or Gold counts."
Do you really think that the value of "your portfolio" goes up and keeps going up? Do you still live the dream that Real Estate prices keep going up? What about commodities? Energy? The Goldonomic site brings you a CELAR and EAZY to understand answers to these questions. And believe me, the answers are not so rosy as most people and even financial advisors think.
The fallacy of most investors is that they measure their wealth with a stick that creates illusory wealth. To measure your wealth in a currency that has lost 98% of its value over 50 years is like living in LALA-land. You have the illusion that your wealth is growing whilst in fact, it is the money you measure it in that is falling.
So if you look at the REAL growth in your assets since 1971, you should discount it by 98%. Hmmm – where is my money gone? Well, your money has been confiscated by the government. The US has since the early 1930s spent more money than it has collected in taxes and made up the difference by creating fake money called dollars. Consistent budget deficits led to an ever-increasing debt and more money printing. And when you create money out of thin air like the US and most of the world has done at an accelerated level since 1971, your currency takes the hit.
You get a salary rise...but is your real spendable income going up or going down? Most of the time, the truth is that You are paid more, but you end with less! Personal income rose again in August, but once again rising prices ate up all the gains and then some. Economists and pundits talk about inflation as an academic exercise. They rarely reflect on the fact that rising prices have real impacts on real people.
Personal income from all sources rose by 0.2% from July to August. This includes wages, stimulus payments, transfer payments (unemployment, Social Security benefits, etc.) along with income from other sources such as interest, dividends, and rental income, according to the latest data from the Bureau of Economic Analysis.
But when you factor in inflation, “real” personal income fell by 0.2%. When factoring out government transfer payments, “real” personal income dropped 0.3% and fell below the pre-pandemic level in February 2020.
When you factor in REAL INFLATION, "real" income fell dramatically. Add to this, that as your nominal income goes up, so does your taxation level. Or, in other words, you will have to pay more tax on a smaller real income.
So, while Americans saw more money in their wallets, they were able to buy less with those dollars. As WolfStreet put it, “It’s tough getting beaten up by the worst bout of inflation in 30 years.”
“The transition from a world based on the golden calf and false values will be devastating, and indeed the bitter beginnings are already here. But there is no other way to end an era based on fiat money and fallacious premises.”…
Politicians finally start to wake up as Renewable-Green-Energy is put in bad daylight.
After too little wind and too much sunshine solar panels stopping operating, El Nina may well see that this coming winter, the Renewal-Energy adepts turn green because of the coming cold winter. A La Nina Event is increasingly likely this Winter. Japan’s meteorological agency JMA has increased its probability forecast for a La Nina weather event from 30% to 60%, indicating that spells of cold weather in Northeast Asia are increasingly more likely in December 2021-February 2022 which spells trouble for electricity demand in Asia Pacific.
Norwegian Indigenous Group Turns Against Wind Energy. In a landmark ruling for European law practice, Norway’s Supreme Court ruled that two wind farms, owned by a consortium led by Statkraft and built on territories inhabited by Sami people – whose grazing animals are frightened by the sight and sound of wind turbines – should see their licenses revoked.
Even French President Marcon starts to push mini-nuclear-power stations as a solution for the high fossil energy prices. This path should have been walked a decade ago and certainly, it would have been so if it was not for those GREEN-RETARDED-IDIOTS out there. Macron correctly fears that he won't be re-elected next year for he is a real douchebag living with a woman who could be his Grannie.
Only for Subscribers: physical gold is the best asset to hold for wealth preservation purposes.
Only Gold & Silver owned directly outside the financial system protects against the following risks:
- Systemic taxation
- Financial bankruptcy
- A monetary (hyper)inflation
- Counterparty risks
"But there is only one valid measure of gold. That is how many ounces or grams you hold."
- This (hyper)inflation is FOR REAL and won't go away as Powell and Lagarde pretend will!
- The price of NATGAS has hit exactly the target ($5.80) we called the end of 2019, beginning of 2020. [see section Natural Gas & shares]
© - All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic.
Wednesday/Thursday, October 13-14, 2021, Government is an institution of LEGAL THEFT!
Updated Sections: Swedish Krona & Gold, Aussie & Gold, Yen & Gold, SA Rand & Gold
"Has Hyperinflation begun? - I think it has. The Herd, however, won't believe it (nor anything else) unless after they see it on TV (Nixon)."
High inflation and sharply negative real interest rates are the new normal. I wonder how long it will take investors to figure out that inflation is not only here to stay, but that it's going to get much worse, and that there's not a damn thing the Fed & Central Banks (BoE, BoJ, BoS, EU) is going to do about it?
The government has become a corrupted crime syndicate. Politicians are totally bribed by the cartel. The Banksters, Drug Dealers, Military mob, the Big Tech & Main Stream Media are one cartel and the first three use the Big Tech to silence us. The Media is 100% controlled by the cartel and Freedom is dead.
At least 80% of the people buy the narrative sold by the authorities, central banks, MSM. The end of the FREE MEDIA we had in 1996 (see earlier updates) as legislation was put into place by Bill Clinton that destroyed all SMALL INDEPENDENT MEDIA entities. The end result was 6 large media cartels that control all NEWS.
The government has become an institution of Legal theft:
- 1971: it started under Nixon when the conversion of currency to gold was abolished.
- As a consequence, over the following years...more debt was created as well as more currency out of thin air.
- At the same time, we had more direct taxation.
- And more direct taxation because a rising nominal income pushed one into a higher tax rate bracket.
- The government has seized pension funds, health insurance companies, etc...and uses the assets for other means.
- The government forces pension funds, (re)insurance cos', banks (treasury),...to invest in Treasuries and similar (up to 80% of their assets).
- 1981: Central banks start to push interest rates down by creating more and more FIAT CURRENCY out of thin air and keeps bringing these down.
- 2008: QE or the exponential creation of fiat money out of thin air starts.
- 2019: COVID or the exponential creation of fiat money out of thin air accelerates.
- January 2021: The low and negative real interest rates become a blatant theft of assets.
- March 2021: Inflation becomes visible to all as it is no longer possible to keep the COOKED inflation rates low and steady.
- Oct 2021: the beginning of hyperinflation? The situation has become dramatically so bad that they have to choose between Deflation (DEBT MORATORIUM) or Hyperinflation. The odds that Politicians opt for Deflation is ZERO as they "under no condition want to take the blame" for their own misbehavior. Hyperinflation allows the politicians to blame others and today COVID in particular. They will blame it all on COVID: the rising cost of energy, rising container and freight rates, labor force problems, supply chain problems...
- Retail prices soar and your shopping cart now costs double the price it costed you last year.
- This (hyper)inflation sits just around the corner and will steal your wealth just like it has been and is stolen in Argentina, Venezuela, Zimbabwe, Weimar,...The FIAT money you have in your bank account will remain but after some time, you won't even be able to buy 3 eggs with your pension, life insurance, bank account, portfolio,...
We expect that the actual situation ( physical lockdown) to mutate into a Financial lockdown (just as happens in China). Therefore, everybody who has assets in the DIGITAL financial system will see his assets controlled and probably partially seized by the Authorities who will not hesitate to block these as soon as the account holder doesn't behave properly.
The latter is already more or less happening for 2-3 years: compliance of banks and brokers becomes impossible and banks close bank accounts for no real reason. All because of government pressure and the fear of Government sanctions as they don't want to run the risk that their license is taken away. Add to this the COMMUNIST UBO and CRS legislation.
Some people still incorrectly pretend that Real Estate prices continue to spike. In particular in Belgium and the Netherlands.
The picture below has been published on our home page for months now. It clearly shows that starting in 2006-2007 the cost of Belgian Real Estate "expressed in Real Money or Gold" is tanking, is coming down. Not going UP!
The evolution of the Real Estate price expressed in Fiat Money is meaningless. People in Argentina, Zimbabwe, Venezuela, the Weimar experienced this first hand. Soon, people and investors out of the EUSSR and the USA are also about to experience it. The NILE (DENIAL) is the longest stream on Planet Earth.
- The price of NATGAS has hit exactly the target ($5.80) we called the end of 2019, beginning of 2020. [see section Natural Gas & shares]
Monday/Tuesday, October 11-12, 2021, The "NO STOCK economy" is running into severe problems!.
Updated Sections: Rupee Gold , Swiss Franc & Gold, Euro and €-Gold, Candollar & Gold,
British Pound & Gold,
Is it just me, or does it feel like America is running out of everything? I visited CVS last week to pick up some at-home COVID-19 tests. They’d been sold out for a week, an employee told me. So I asked about paper towels. “We’re out of those too,” he said. “Try Walgreens.” I drove to a Walgreens that had paper towels. But when I asked a pharmacist to fill some very common prescriptions, he told me the store had run out. “Try the Target up the road,” he suggested. Target’s pharmacy had the meds, but its front area was alarmingly barren, like the canned-food section of a grocery store one hour before a hurricane makes landfall.
Next-day deliveries are becoming day-after-next deliveries. That car part you need? It’ll take an extra week, sorry. The book you were looking for? Come back in November. The baby crib you bought? Make it December. Planning to buy a new car? Wait until the end of 2022 or buy a used car. Eyeing a new home-improvement job that requires several construction workers? Haha, pray for 2022.
Apart from Shipments problems and a lack of empty Containers, there also is a severe shortage of truck drivers. The Minnesota Trucking Association estimates that the country has a shortage of about 60,000 drivers, due to longtime recruitment issues, early retirements, and COVID-canceled driving-school classes.
Supply chains depend on containers, ports, railroads, warehouses, and trucks. Every stage of this international assembly line is breaking down in its own unique way. When the global supply chain works, it’s like a beautifully invisible system of dominoes clicking forward. Today we see that dominoes can fall backward too. The main culprit of all these problems?! ...yes, you guessed it, it's GOVERNMENT with their idiot Lockdowns and sick Covid-regulations. It's the Government paying drivers to stay at home more than what they would earn by driving the containers to the retailers. A luxury made possible because they are printing fiat money out of thin air.
Made in China is coming to hunt us with revenge!
The world is getting a lesson in Econ 101: High demand plus limited supply equals prices spiraling to the moon. Before the pandemic, reserving a container that holds roughly 35,000 books cost $2,500. Now it costs $25,000.
China’s Property Fantasia Turns Nightmarish...and it all happens almost overnight. Tomorrow also in your country and your town!
Virtually NO Chinese investor believed this would stop, just like today, virtually NO American, Belgian, Dutch, European investor believes it will stop! Was it all just a pleasant dream? Investors in Chinese property developer Fantasia’s dollar debt who a year ago were feasting on juicy, but still single-digit yields, now find themselves without their principal. Many others could find themselves in a similar position soon. Especially in Europe.
"Real Purchasing power has fallen so deep that newcomers can no longer afford a home!"
Fantasia Holdings failed to repay a $206 million U.S. dollar bond on Monday. The company is much smaller than whale-like Evergrande—its sales last year were $3.4 billion versus the latter’s $79 billion—but many more developers that overextended themselves in the boom years could face a similar fate.
"Housing has become a speculative asset"
China’s housing market continued sputtering in September, after an already terrible August. In terms of area sold, new home sales in 30 Chinese cities tracked by information provider Wind fell 33% year over year. That is consistent with plunging sales reported by developers themselves: Kaisa’s September contract sales by value dropped 48% from last year while Country Garden’s were down 29%. Home sales in China as a whole by value fell 20% year over year in August.
Indebted developers will now find it even harder to raise cash by preselling unbuilt apartments—a critical source of financing. The fact that a company as big as Evergrande is being allowed to flounder probably means other struggling developers are out of luck too. Bonds of indebted Chinese developers like Sunac or Kaisa have now fallen to distressed levels, with yields above 20%. A June 2022 Kaisa dollar bond trades at 73.625% of par value following Fantasia’s missed payment, according to FactSet—down from around 87% a week earlier.
Crucially, housing prices so far seem resilient—though it is possible that will change given rapidly worsening home sales in the past two months, especially since some developers are offering deep discounts to boost sales. Smaller cities look particularly vulnerable. New residential floor space sold in so-called third- and fourth-tier cities fell 49% from a year earlier, according to Nomura.
"It is an undeniable fact that gold has been the best asset class in this century."
STOCK MARKET – A LOTTERY WITH ONLY WINNERS? How can anyone go wrong today? Investing is a lottery where you are guaranteed to win the top prize every time. Virtually no investor believes this will stop. Just look at US Margin Debt for example which is at $900 billion up from $250 billion in 2009. And yes, expressed in FIAT MONEY it may not stop. Only with your portfolio, in the near future, you won't even be able to buy THREE EGGS! (just like is the case in Venezuela).
Because people don't believe it will stop, because the Stock Markets are pepped up each time there is a weakness, many buy securities (Stocks, Bonds, ETF,..) on credit. However, we must remember is that the leverage effect of margin debt works much faster on the downside than on the way up. When markets tank this leads to forced liquidations and panic. And this is what we may see in the not too distant future. Take Black Monday on October 19, 1987. The Dow dropped 40% in a matter of days. October 19 is my Birthday and I remember exactly WHERE I was when it all started. I even remember the clothes I was wearing. The bottom fell out of the Stock Market. There were only SELLERS and NO BUYERS. Scary it was.
"Before this investment cycle ends stocks will lose 90%+ in real terms. (see the section of Indexes in Real Money and note we already lost 80%)"
As history learns, people REFUSE to THINK and take precautions. The Herd keeps chasing Fiat Money and will only start to react the day they SMELL something is derailing. As usual, by then, it ALWAYS is too late: , , Madoff, the US Real Estate bubble of 2007, Bitcoin & Cryptos, the Venezuelan Bolivar, Argentine, the Zimbabwe Dollar, ...
|We start to see empty shelves at Walmart!||In Socialist California gas gets as expensive as $8 per gallon!|
- Plus 300k jobless claims each week in the USA...or 1,2 million claims each month.
- Small scale nuclear companies are picking up pace, following the example of bigger nuclear firms looking for their place in the future of renewables, as nuclear power finally makes a comeback following years of criticism and fear of power stations. Two companies in Poland, xxxxx and xxxxx, are looking to get small-scale modular SMR nuclear reactors up and running in a bid to stake their claim to the future of Europe’s nuclear power. To date, over 70 companies around the world are involved in SMR nuclear reactor projects, with the popularity of small-scale nuclear business quickly expanding. Note we already list one manufacturer of Small nuclear power plants in our Uranium section.
- The rules of today's game are not to try to collect some crumbles, but rather to make big money and even better to preserve one's purchasing power in a safe and conservative way. One can keep repeating the same over and over again. As long as we have no BREAKUP of a consolidation-accumulation zone or a BREAKDOWN a consolidation-distribution zone one must sit tight and be patient. Such yields because the bigger the consolidation zone, the longer it takes, the stronger the up or down leg after the breakout. Another advantage of 'consolidation zones' is that it gives the investor time to double-check its positions and, if necessary, to adjust one's long-term positions.
Friday, October 8, 2021, The rising price of commodities, gas & oil is the only reason the Dollar is not collapsing.
Updated Sections: Gold-$, Silver, US Dollar, Rupee Gold , Swiss Franc & Gold,
Euro and €-Gold, Candollar & Gold, British Pound & Gold
Commodity markets and in particular Crude Oil, Natural Gas, Uranium (energy-related commodities) are INTERNATIONAL markets and national authorities can do little to control these. On the contrary, WHEN the national ENERGY programs are inefficient (Wind & Solar are VERY inefficient and idiocies), the international markets come back with a vengeance. This is exactly what is happening today. They (the slimy politicians) will of course blame COVID instead of their SICK-IDIOT-RETARDED ENERGY POLICY. What we experience today, was an ACCIDENT Waiting to happen. A policy a la "Greta Thunberg" with dramatic consequences for mankind. [By the way, one has to be a sicko to use a retarded girl to promote "Renewable Energy"]
We have digressed and reverted centuries to when the courageous intellectual few had to argue and defend science to the religious zealots drunk on power. The dynamic is no different today. My God!
The COVIDIANS are a vengeful cult and are backed by heaps of TOXIC FIAT trash money (currency).
During times of economic recession and depression, because energy is a catalyst for all consumer prices, one must try to use the most economic source of energy. Exactly the opposite has been done over the past years. The arrogance of the Green Humans who thought they can control nature now comes back to hunt and punish them...for years we have been explaining the idiocy of Global Warming and renewable energy (wind and solar - see Subscriber sections). Today, it becomes clear that we were right.
On Investing: I agree, you can continue to GAMBLE in these CASINO-FIAT financial markets and hope you will, over time, continue to book more fiat money profits...hoping you will be able to flip your positions out of these Fiat-Financial markets and into real assets at the last moment. Or, you can wisely invest in REAL-MONEY markets and catch two birds with one stone. See your savings blossom and still have these the day the financial system implodes or this expected hyperinflation and Legal Theft by Authorities & Banksters becomes reality.
The Herd has been brainwashed (still is) and still believes that Fiat Money will survive (Fiat Money = banknotes, bank deposits, Treasuries, Stocks, Cryptocurrencies... (all other assets where the final price is a function of the Fiat-Money market like Real Estate & Art will suffer the day fiat money implodes). History learns no fiat money system survives more than 65 years. This time won't be different.
For Real Estate investors: just imagine what will happen to the general price level of Real Estate on the day where the HERD (because of the dwindling real purchasing power) can no longer honor to pay its mortgage. Imagine what will happen the day the LENDERS (Banks) come under so much pressure that they have to recall outstanding mortgages and can no longer deliver any new ones. The answer is simple: the price of real estate will crash to unseen low levels.
- Gold & Silver are REAL MONEY. Physical Gold & Silver are real money without any counter-party risk. On condition, you BUY the PHYSICAL metals and you store these "out of political reach". Because Gold & Silver are REAL MONEY, it is impossible to lose by investing in Gold & Silver. For it is the price of the FIAT-MONEY that fluctuates versus Gold & Silver and not the other way around. Therefore, today, it is by definition IMPOSSIBLE to LOSE by investing in Gold & Silver.
- There only is ONE WAY we can see lower Gold & Silver prices, and that is if and when the Financial System implodes. Only at that time, it will be people WITH Gold & Silver and people WITHOUT Gold & Silver. However, the holders of the physical metal will still be able to buy the same quantity of Goods and Services, and probably more.
|Very bullish: super buy zone!||Target is +30% (shart run) and +90% (medium term)|
|€-Gold: there is only one way and it is UP!||Only inflation-adjusted, one sees the reality: In the long run, Gold does better than stocks. The same applies to Real Estate.|
Wednesday/Thursday, October 6-7, 2021, Silver in the low $20 oz. range, “they are actually paying you to take it".
Updated Sections: Indexes In Real Money/Gold,
The BIG lie always comes in a different form. It comes out of the Politicians (Authorities) and makes "the people" do the ugliest and bloodiest things. WARS is an excellent example.
"There is no such thing as a free lunch. Everything has to be paid for. With REAL MONEY or with hard work!"
The policy responses to Covid have been awful, but those failures are dwarfed by the energy and supply chain policy inactions that are bringing us into a very dark & cold winter. Energy and material shortfalls are far more likely to seriously impact your life in the near future.
"The truth about the fuel crisis: we are simply too reliant on renewables."
An energy crisis is roiling across the USA, UK, and Europe on the cusp of winter, and the rest of the world is on the horizon. It's already being felt in the UK, Europe, China, Russia, and the U.S. In the UK, the media is blaming everyday citizens for what is actually a much deeper structural problem and bungling executed by government policies. A better explanation acknowledges the origins of the current energy crisis in a predictable outcome of the failure to invest in the production of oil and supply stability because of so said Global Warming & Renewable Energy during this COVID-19 times (knowing we have peak oil).
The Authorities will make you believe the crisis is “transitory” as the inflation they themselves create through central bankers’ monetary policies. As always, the people will find out the politicians are again lying between their teeth. A major economic shock is guaranteed – one that will disproportionately impact all classes.
“The Herd will start to wake up by the end of October and more will follow in November and December.”
Everything is in a process of breaking down. Food production, trucking, shipping, health services, the military breaks down, the political system breaks down and the financial system will suffer a horrible unfixable crash...
Because of Covid & Vaccines, millions will get very sick and many of them will die. The breakdowns could get so bad that we may have a “Red October.” The breakdowns will wake up the masses to all the evil that has been hidden. We are, at a point, where the ‘normies’ are going to wake up. But what are they going to wake up to? There are so many layers that it’s going to take a long time for people to come to some understanding. I think, basically, they will get to a point that they say that’s good enough, I don’t need to know anymore.”
One very big wake-up call is going to come from our crashing financial system. Hyperinflation is showing up everywhere. . . . We will have the real estate markets, cost of potatoes, gold, silver, and Bitcoin and those things that are outside the dollar system. We are about to see the beginning of a bull run in commodity prices that is similar to what happened in Venezuela. That will be the last gasping breaths of our financial system.
People will wake up to being purposely poisoned and murdered by government bureaucrats, left journalists & MSM, drug company executives, and doctors who pushed this will face an outraged grieving public. This could turn very, very ugly. If they will come to understand that this was deliberate, individuals will take revenge on the people who actually injected them. You will see people take revenge on, world leaders, the politicians, and the Bill Gates of the world.
“Cash will be king” even though the Federal Reserve may go completely away. As a consequence, we will see Gold at $20,000 per ounce and Silver over $200 and vaulting higher day after day. Today, they are actually paying you to take silver.” The price of Silver should be at least $600 per ounce. They are suppressing it by about $580 per ounce, and that means it’s very cheap to buy at the suppressed price.
|Expensive Gas because of bad GREEN politics!? -->>>>||No problem...James Bond will save us!|
There is NO such thing as OFFSHORE. Everything and nothing is "offshore". It just depends on one's situation. These Pandora papers are mainly a LEFT, libertarian, journalist JOKE published at the wrong time. Today is all about Global Warming, Renewable Energy, and COVID-19. By tomorrow, the Herd will have forgotten about it. A random walk through the site will prove it. If you have time to waste, click on the picture to the left and see for yourself.
This Pandora thing is a cheap hunt for sensation by low-class journalists who are bribed to do so by politicians. Its main goal is to induce FEAR. Just like the main purpose of COVID is to induce FEAR.
The State is an institution of THEFT! Government and Politicians are the BIGGEST THIEFS. These are immoral people who themselves don't pay any taxes, ever. In this process, they are assisted by their lackeys or petty-government officials. As LEGAL THEFT has reached a level of 40% to 60% of your income, it becomes a MORAL OBLIGATION to minimize your taxation.
- HSBC bank has a worse problem than Evergrande. (see section Banks & Financials)
- Soon “cash will be Prince and Gold will be King”
- The timing of the widespread outages comes as a Facebook whistleblower will be testifying before Congress on Tuesday. The whistleblower appeared on "60 Minutes" Sunday, detailing the tech company's mission to put profit before doing "what was good for the public," including clamping down on hate speech. Shares of the tech company slid 6% by early afternoon, tumbling not just on the whistleblower but also the global outage.
|Note: both are expressed in Fiat Money.||It is clear stocks are gonna give!|
|The new commodity Bull market has already begun. See Commodity section.||The 2021 Oil crisis is already BIGGER than the 1970 one!|
- Gold & Silver sector:
- Following shares are strong Buys. See charts below.
Monday/Tuesday, October 4-5, 2021, fireworks in the sections for Gold, Silver, Natural Gas & Uranium.!
Updated Sections: Natural Gas(updated yields), Inflation Index, World Stock Market Indexes
You don't buy gold to get rich. You buy gold to stay rich. Most people who are buying Bitcoin are doing so to get rich. The problem with putting too much money into something that has the potential to make you rich is that it has an even greater potential to make you poor.
People who follow our advice, don't try to get rich. Rather, they try to preserve their savings and purchasing power. They go for SAFETY. Because this is the only wise way to invest, these people will end rich. Whether they want it or not. They will end rich because all others will lose it all! See charts and information in the Subscriber section to realize how well Gold & Silver did in the past.
"50% of your energy bill are TAXES & Expensive Energy is a Catalyst for inflation!"
Congratulations to all GREEN IDIOT MORONS in the EUSSR (and the world). They won the Oscar for the MOST-IDIOT-ENERGY policy ever. The price of Coal rose by a factor of 3. As we forecasted, the price of Natural Gas spiked (see section - Natural Gas). Because there was a shortage - yes, you won't believe it - of WIND (at least that is what they make you believe). But also because of the CRAZY ENERGY politics of the EU. The French are adding to the idiocy by BLOCKING the price of Natural Gas. Clear the french Castex-moron doesn't understand that PRICE CONTROLS always result in empty shelves and that this will result in NO ENERGY and NO NATURAL GAS the coming winter. He also omits to mention that the European Authorities are taxing the ENERGY by 50%. We expect that over time, the Natural Gas storage will resume to NORMAL and hope the price will ease somewhat.
The Decommission of Nuclear Power Stations (see section Uranium Shares) at a time where we have PEAK GAS is suicidal. Natural gas production in Norway peaked in 2017. The Dutch gas production already peaked in 1996...
High Natural Gas and Energy prices drive FERTILIZER manufacturers out of business and the higher price of fertilizer will have a severe impact on the price of food stocks. Those who bought an Electric Vehicle to save on taxes, actually made the problem worse.
What nobody seems to understand, is that the ENERGY policy is a drama that is the direct result of the creation of fiat money out of thin air, fractional reserve banking, and misallocation of funds resulting out of it. This will lead to a severe energy shock. Probably worse than the 1970 energy shock. I wonder how the Authorities will make the triage on WHO will get natural gas and who won't? They already proved during the Covid-crisis that they are very bad at it.
"Brace of a new 1970 style energy crisis as a result of a shortage of SUPPLY."
Samuelson was, just like Keynes a COMMUNIST and both are ENNEMIES of society. Samuelson pretended that the GNP of the USSR would surpass that of the US by 1984 or in the worst case 1997. Samuelson’s thinking influenced multiple generations of economists and bureaucrats.
Samuelson was a fan of socialism, and as he said in the 1989 edition of his hallmark text: "The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive.’”
Over the years, contrary to what Samuelson preached would happen, the Russian Gross Domestic Product contracted. Things got so bad that the USSR collapsed (went bankrupt) in October 1989.
Today, as The West (EUSSR, USA,..) is applying the same STUPID policies to society, we already know for sure that the outcome will be similar: the EUSSR, the USA, the UK, Japan,...are about to go bankrupt. Just like Venezuela, Zimbabwe, Argentina,...more in the subscribers' section below.
Note: see how incorrect the official GDP figures were at the beginning (more than double the painful reality) and how close to reality these became in the end...when there was no room left for lies and PROPAGANDA
- In Venezuela, on October 1st, the SOCIALIST (Communists) monkeys took again SIX ZERO's off the Bolivar. To ease the job of the Central Bank, they also digitalized the Bolivar. [soon also in your country]
- In the US and A, Biden promised to do everything within his power to spend as much tax money as possible.
- EUSSR inflation rate jumps to 13-year high (the cooked statistics).
|This time we can expect MORE gain.||Gold investors beat inflation by 700%|
|The graph for the Euro looks very similar!||Remember the HUGE inflation rate we had because of the 1970 Oil Price spike! This time will be WORSE!|
- Fireworks in the sections for Gold, Silver, Natural Gas & Uranium. Looks like the financial markets start to understand that the policies of these GREEN-IDIOTS in LALA-land are failing.
- Stock Markets are doing exactly what we forecasted. This however does NOT mean that the bull market is over. It is NOT and will NOT be over until after the Fat Lady sings. We expect HIGHER (fiat) STOCK MARKETS after this correction.
Friday, October 1st, 2021 - Gold up by $80 and A new edition of the "Reichsfluchtsteuer".
Updated Sections: Gold-$, Silver, US Dollar, most candle charts in all Gold & Silver & miners sections, ,
Every year, more than 200,000 Germans and many more Europeans leave their homeland for good. Most of them are young, highly qualified people. The motives of these emigrants can be manifold: Better career development and promotion opportunities, better-earning potential, lower tax burden, marriage to a foreigner, and so on.
The classic motives (high taxation and regulations) have recently been joined by the flight of entrepreneurs from excessive, if not irrational, environmental regulations and the chaos brought by the "Global Warming and Renewable Energy," as well as the flight of freedom-loving people from the “woke” and “politic-correct” mentality making personal opinions on the topics of climate protection and corona vaccine impossible.
But anyone who has had enough of the restrictions on fundamental rights, bureaucratic small-mindedness, herd instinct, and therefore strives for a new start or for a Happy Retirement in a more liberal-minded country will soon find that he cannot so easily escape the relentless grip of the EUSSR financial administration. Especially the German financial administration.
The exit tax: EU's Anti-Tax Avoidance Directive (ATAD)
The EUSSR-welfare state is not letting its sheep go scot-free. This is because it has to implement the EU's Anti-Tax Avoidance Directive (ATAD). As of January 1, 2022, it will no longer be possible to defer exit tax for an unlimited period.
It will only be possible to pay the immediately due exit tax in installments over seven years upon request, provided that the taxpayer provides the responsible tax office with security for this purpose. According to the German Foreign Tax Act of 1973, popularly known as "Lex Horten", the exit tax is due from an equity stake of one percent in a company. The removal is deemed to be a fictitious sale of the shares in the company (including the hidden reserves accumulated since the purchase). The amount of the exit tax depends on the taxpayer's personal income tax rate.
"With CRS-UBO they push you inside the controlled area...next they close the trap and seize your savings!"
According to the new version of the ATAD-Directive, entrepreneurs and capital owners are subject to exit tax not only when emigrating to a third country, but also when changing their residence within the EU. Specialist lawyers consider in particular the obligation of a security deposit to be highly problematic because company shares are not accepted as securities. If the taxpayer in the EU (Germany) does not have real estate, federal treasury bonds, or demand deposits whose value is recognized as sufficient by the tax office, the exit tax may become due immediately even when moving within the EU. This can cause serious liquidity problems for Small Medium Enterprises. Moreover, in the future, profit distributions or repayments of capital contributions in excess of 25 percent of the taxpayer's share in the business will also lead to immediate payment of the exit tax. According to business lawyers, this can lead to the "locking up of assets" in corporations.
"Emigrants had to pay a 25% tax on their assets to the Government!"
The current tightening of the taxation on the assets held by emigrants reminds me of the "Fourth (Emergency) Decree of the President of the Reich for the Protection of the Economy and Finances and for the Protection of Domestic Peace, issued at the end of 1931, which has gone down in the history books under the official abbreviation "Reich Flight Tax". See our earlier article...click here.. See our earlier article...click here.
This tax was initially levied on all emigrants whose assets exceeded 200,000 Reichsmarks or whose annual income was higher than 20,000 Reichsmarks. The tax rate was 25 percent of the taxpayer's assets. Initially, the Reichsfluchtsteuer was to be levied for only one year. But under the short-lived Schleicher government, the validity of the emergency decree was extended by two years. Before 1933, however, this tax provided the state with little revenue, because during the Great Depression there was little incentive to emigrate, as the situation was equally bad almost everywhere.
Then Hitler came to power. The Nazis deliberately used the Reich Flight Tax, which they had not invented, to plunder Jewish emigrants, who were eventually left with little more than pocket money at the beginning of World War II. Until the infamous Wannsee Conference in January 1942, the Nazis' official goal was not to exterminate the Jews but to drive them out of Europe.
In May 1934, the "Law on the Amendment of the Regulations on the Reich Flight Tax" lowered the wealth limit to 50,000 Reichsmarks. Whereas before Hitler's seizure of power not even one million Reichsmarks had reached the state coffers via the Reich Flight Tax, the revenue rose almost exponentially in the years that followed.
Bank and securities deposits of German Emigrants were transferred to blocked accounts and could only be transferred abroad, if at all, against high deductions. In total, the state took in almost a billion Reichsmarks via the Reich Flight Tax, which was a lot of money in those days.
Conclusion: instead of incorrectly panicking about being unable to repatriate capital to your country, rather panic about the impossibility you may have to take it OUT of the Country. Once it becomes impossible to export capital, you're a sitting (golden) duck for the Government. Last but not least: DON'T FALL FOR THE UBO-REGISTER AND CRS propaganda lies...and know that it is still POSSIBLE to keep and store savings "out of political reach!" Keep your assets SAFE. If not for yourself, do it for your children, grandchildren, and loved ones. Know that once GOVERNMENT gets its SLIMY hands on your savings, they will spend it like DRUNKEN SAILORS.
- When rising interest rates, bounce down a resistance zone, so will the US-Dollar and related assets.
- A random walk through the site pages for Gold and Silver expressed in the main currencies, brought a clear and distinct message.