Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The Coming Financial Sentinel Event


Recommended Posts

A woman asked Francisco, " What will become of the economy"? To wit Francisco replied, " You will get exactly what you deserve ".


This is the greatest economic video you will ever listen to. 






Watch "Is Money The Root Of All Evil? Mike Maloney Reads Atlas Shrugged" on YouTube


Link to comment
Share on other sites

Excerpt from "The Money Speech".


“So you think that money is the root of all evil?”

“Have you ever asked yourself,  what is the root of money?”


The following is an excerpt from Atlas Shrugged, © Copyright, 1957, by Ayn Rand.



“So you think that money is the root of all evil?” Said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?

“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow.

Those pieces of paper, which should have been gold, are a token of honor–your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money, Is this what you consider evil?

“Have you ever looked for the root of production? Take a look at an electric generator and dare tell yourself that it was created by the muscular effort of unthinking brutes. Try to grow a seed of wheat without the knowledge left to you by men who had to discover it for the first time. Try to obtain your food by means of nothing but physical motions–and you’ll learn that man’s mind is the root of all the goods produced and of all the wealth that has ever existed on earth.

“But you say that money is made by the strong at the expense of the weak? What strength do you mean? It is not the strength of guns or muscles. Wealth is the product of man’s capacity to think. Then is money made by the man who invents a motor at the expense of those who did not invent it? Is money made by the intelligent at the expense of the fools? By the able at the expense of the incompetent? By the ambitious at the expense of the lazy? Money is made–before it can be looted or mooched–made by the effort of every honest man, each to the extent of his ability. An honest man is one who knows that he can’t consume more than he has produced.’

“To trade by means of money is the code of the men of good will. Money rests on the axiom that every man is the owner of his mind and his effort. Money allows no power to prescribe the value of your effort except the voluntary choice of the man who is willing to trade you his effort in return. Money permits you to obtain for your goods and your labor that which they are worth to the men who buy them, but no more. Money permits no deals except those to mutual benefit by the unforced judgment of the traders. Money demands of you the recognition that men must work for their own benefit, not for their own injury, for their gain, not their loss–the recognition that they are not beasts of burden, born to carry the weight of your misery–that you must offer them values, not wounds–that the common bond among men is not the exchange of suffering, but the exchange of goods. Money demands that you sell, not your weakness to men’s stupidity, but your talent to their reason; it demands that you buy, not the shoddiest they offer, but the best that your money can find. And when men live by trade–with reason, not force, as their final arbiter–it is the best product that wins, the best performance, the man of best judgment and highest ability–and the degree of a man’s productiveness is the degree of his reward. This is the code of existence whose tool and symbol is money. Is this what you consider evil?

“But money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. It will give you the means for the satisfaction of your desires, but it will not provide you with desires. Money is the scourge of the men who attempt to reverse the law of causality–the men who seek to replace the mind by seizing the products of the mind.

“Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he’s evaded the knowledge of what to value, and it will not provide him with a purpose, if he’s evaded the choice of what to seek. Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money. Is this the reason why you call it evil?

“Only the man who does not need it, is fit to inherit wealth–the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it. Is this the reason why you call it evil?

“Money is your means of survival. The verdict you pronounce upon the source of your livelihood is the verdict you pronounce upon your life. If the source is corrupt, you have damned your own existence. Did you get your money by fraud? By pandering to men’s vices or men’s stupidity? By catering to fools, in the hope of getting more than your ability deserves? By lowering your standards? By doing work you despise for purchasers you scorn? If so, then your money will not give you a moment’s or a penny’s worth of joy. Then all the things you buy will become, not a tribute to you, but a reproach; not an achievement, but a reminder of shame. Then you’ll scream that money is evil. Evil, because it would not pinch-hit for your self-respect? Evil, because it would not let you enjoy your depravity? Is this the root of your hatred of money?

“Money will always remain an effect and refuse to replace you as the cause. Money is the product of virtue, but it will not give you virtue and it will not redeem your vices. Money will not give you the unearned, neither in matter nor in spirit. Is this the root of your hatred of money?

“Or did you say it’s the love of money that’s the root of all evil? To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.

“Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.

“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.

“But money demands of you the highest virtues, if you wish to make it or to keep it. Men who have no courage, pride or self-esteem, men who have no moral sense of their right to their money and are not willing to defend it as they defend their life, men who apologize for being rich–will not remain rich for long. They are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of the guilt–and of his life, as he deserves.

“Then you will see the rise of the men of the double standard–the men who live by force, yet count on those who live by trade to create the value of their looted money–the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law–men who use force to seize the wealth of disarmed victims–then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.

“Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed. Money is so noble a medium that is does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence.

Destroyers seize gold and leave to its owners a counterfeit pile of paper.


This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’

“When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world?’ You are.

“You stand in the midst of the greatest achievements of the greatest productive civilization and you wonder why it’s crumbling around you, while you’re damning its life-blood–money. You look upon money as the savages did before you, and you wonder why the jungle is creeping back to the edge of your cities. Throughout men’s history, money was always seized by looters of one brand or another, whose names changed, but whose method remained the same: to seize wealth by force and to keep the producers bound, demeaned, defamed, deprived of honor. That phrase about the evil of money, which you mouth with such righteous recklessness, comes from a time when wealth was produced by the labor of slaves–slaves who repeated the motions once discovered by somebody’s mind and left unimproved for centuries. So long as production was ruled by force, and wealth was obtained by conquest, there was little to conquer, Yet through all the centuries of stagnation and starvation, men exalted the looters, as aristocrats of the sword, as aristocrats of birth, as aristocrats of the bureau, and despised the producers, as slaves, as traders, as shopkeepers–as industrialists.

“To the glory of mankind, there was, for the first and only time in history, a country of money–and I have no higher, more reverent tribute to pay to America, for this means: a country of reason, justice, freedom, production, achievement. For the first time, man’s mind and money were set free, and there were no fortunes-by-conquest, but only fortunes-by-work, and instead of swordsmen and slaves, there appeared the real maker of wealth, the greatest worker, the highest type of human being–the self-made man–the American industrialist.

“If you ask me to name the proudest distinction of Americans, I would choose–because it contains all the others–the fact that they were the people who created the phrase ‘to make money.’ No other language or nation had ever used these words before; men had always thought of wealth as a static quantity–to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created. The words ‘to make money’ hold the essence of human morality.

“Yet these were the words for which Americans were denounced by the rotted cultures of the looters’ continents. Now the looters’ credo has brought you to regard your proudest achievements as a hallmark of shame, your prosperity as guilt, your greatest men, the industrialists, as blackguards, and your magnificent factories as the product and property of muscular labor, the labor of whip-driven slaves, like the pyramids of Egypt. The rotter who simpers that he sees no difference between the power of the dollar and the power of the whip, ought to learn the difference on his own hide– as, I think, he will.

“Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns–or dollars. Take your choice–there is no other–and your time is running out.”

  • Like 1
Link to comment
Share on other sites

Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed

Link to comment
Share on other sites

I'm going to offer a proposition here, one that I pray everyone will consider.


On February  2 2021 there was the highest demand for silver in the history of the Comex and yet the price of silver saw a decline that day. Less than 24 hours later J.P. Morgan sent out its head honcho from the silver department to spew a bunch of gobbledygook in an effort to convince people that everything is going to be okay. It is the prevailing belief that on the 2nd of Feb. the Comex actually broke and the PTB decided to not tell anyone for fear of what that would do to the rest of the worlds markets. If the news got out that the futures market in silver was busted it could cause a run on every other futures commodity and that could bleed over into the banking system causing a run on the banks. In this scenario the dictatorial leaders of our world would loose control as the masses would rise up and demand their removal. I'm not talking about a right vs. left thing but rather a united effort by people just wanting to feed their families. 


The downside of this, if true, is possibly the reason that Washington is pushing harder now to implement their Great Currency Reset. Something that is not in anyone's best interest. From mandatory Fed Reserve Bank accounts for all citizens to the implementation of the New Green Deal this Global Reset will destroy all our lives and eventually bring us into total bondage under the Government. 


So what is the solution? If the futures market in precious metals did break on the 2nd then  further pressure will only serve to enhance the effort to destroy the current Fiat Ponzi Scheme. Just by putting some of your savings into precious metals you can help send the sinister plans of the Banking system over the edge. Or you can do nothing and watch as they implement slavery under the one world currency of the SDRs. This may sound like some giant conspiracy theory to you but I assure you that even just a little research into the things I've brought up will enlighten you to the fact that this is real and something will happen by the end of this yr. 



  • Pow! 1
Link to comment
Share on other sites

Breaking News! Mint of Poland completely out of investment silver.


Mint of Poland completely out of investment silver! They do have some collectible coins with premium 2X over spot, but there are no investment coins or bars available anymore. Keep in mind that Polish KGHM is the world’s largest silver producer (top 8), and silver has always been available domestically, but not anymore. Something big is going on under the radar.

Link to comment
Share on other sites

Out of Control Government Spending Is Creating an Inflation Bomb

by John HawkinsPosted: March 20, 2021
Out of Control Government Spending Is Creating an Inflation Bomb

When the world’s second-richest man tells you that an extraordinarily volatile digital currency created by an unknown person or persons in 2009 is less “bs” than fiat money like the dollar, it should set off screaming alarms. Those alarms should have gotten even louder when Musk, whose net worth as of writing is $166.9 billion, put his money where his mouth was by putting 1.5 billion dollars of Tesla’s cash into Bitcoin. As someone who believes that Musk is right (and also owns Bitcoin), it’s worth asking why Musk and a lot of other people are so skeptical about the dollar. The answer is “inflation” and at a minimum, we need to take a very brief surface-level glance at America’s monetary history to understand what’s going on.

Gold has stood the test of time as a store of value for more than two thousand years, so if you have gold, you have a reliable store of wealth

. Unfortunately, gold isn’t very portable or easily splittable into smaller amounts, so creating dollars that represented gold made it easier to trade, pay salaries, and do everything else we do with money. From 1879 to 1933, Americans could trade in their dollars to the government for an equivalent amount of gold. FDR stopped the practice because he wanted to print more money to get us out of the Great Depression. Still, up until 1971, foreign governments could trade their dollars for gold, but Nixon put an end to that and drove a stake through the heart of what was left of the gold standard. Why did FDR and Nixon do this and why have other presidents continued this practice? All sorts of explanations are given,

but the short answer is that being on a gold standard puts limits on how much money the government can print.

That leads to more economic corrections, which are not necessarily a bad thing even though they can be painful in the short run. Additionally, when you can simply make as much money as you want, it TEMPORARILY leads to more prosperity and it allows you to simply print as much money as you need to deal with war or economic crisis. Sounds good, right? So, why would anyone want to be on the gold standard and have every dollar backed by gold? Because if the government can print as much money as it wants, it inevitably prints far too much, devalues the currency, and people lose interest in holding what they believe is worthless paper.

Many people are unaware of this, but this has already happened once in the United States during the Civil War. The South printed so much money to fund its debts, that inflation went up 9000% during just the four-year length of the war. Could the same thing happen again in modern times? Absolutely.


Fast-forwarding to today, if you look at the official statistics on inflation (the Consumer Price Index), it doesn’t look so bad. Over the last decade or so, it averages out to less than 2% per year. Of course, it doesn’t take a genius to figure out this is bogus and the real inflation rate now is probably AT LEAST 7%. If you look at some of the increases in prices over the last few decades, you get a better sense of how much of a bite inflation is taking out of your wallet. For example, in 1972, the average cost of a new car was $3500. Today, the average cost of a new car is $40,857. The cost of going to college has gone up 3009% in the last 50 years. Per capita, healthcare spending in 1970 was $353. Today it’s 31 times higher at $11,582. You can go on and on with these kinds of comparisons and yes, there are sometimes other factors at work, but inflation counts for most of the increase.

There are some interesting debates among economists about why America isn’t already in such a state of hyperinflation that it would require everyone to bring a briefcase full of money to the store to buy a Hershey bar, but the truth is no one really seems to know for sure and there is certainly no guarantee that will continue. That’s doubly true since we printed 23.6% of all the dollars in circulation LAST YEAR.


This is what we do now in the United States. We have a war, economic crisis, or pandemic and our solution to the problem is to print more money backed by nothing other than our promise to pay.


This should be of great concern to most of the people reading this column for two reasons. The first is that once investors conclude that investing money in Treasury bonds is no longer a safe bet because of inflation, it will create a death spiral, forcing the government to pay for spending through money printing instead of by issuing debt.

ladyGrace'sDaddy Santa's note, This is already happening now.

See Bond yields spike



The other reason it should freak you out is that a lot of the people reading this are relying on payments in dollars for their retirement. Social Security, pensions, cash savings – what will they be worth when you need them? Maybe not much at all. This has happened in other nations in the past, it’s happening in nations like Venezuela, Sudan, and Argentina today and it seems highly likely to happen here unless the Fed tightens monetary policy.

Inflation ends up being one of the most regressive taxes in existence because as a practical matter, it hurts the poor and middle class much more than the rich.


That’s because the rich can afford to put a big chunk of their money into hedges against inflation like gold, silver, art, real estate, and now bitcoin.


The poor and middle class? Not so much. They may benefit by having the real value of their debts reduced by inflation, however.


No one can predict exactly when America will go bankrupt or when inflation will finally get completely out of control, but if you have even a passing understanding of economics you can see it’s coming.


You may not know exactly when the boat is going to sink after having a hole torn in the hull, but you should be smart enough to start figuring out where the lifeboats are situated.


So, think about what you would do if every single dollar you have was suddenly worth a penny.


 Whatever it is, you should probably get an early start since we’re headed in that direction and seem increasingly comfortable printing massive amounts of money backed by nothing.

Link to comment
Share on other sites

Magflation: An Unexpected Gold and Silver Driver

by: David Smith


 Money Metals News Service


 March 9th, 2021



During the 1970's, the U.S. experienced a decade of below-trend economic growth combined with rising interest rates – and eventually – massively higher gold and silver prices.

Some sectors boomed while others lagged, and then as now, the majority of the population struggled with rising home and commodity prices, bookmarked by lofty interest rates.

This stilted and challenging environment, which came to be called stagflation, eventually drove the more perceptive people into gold and silver.

The result?

Gold, having been freed from its long-term tether of $35, first rose to $200, then dropped to $100 before rocketing to an all-time nominal high of $850.

As per usual on a percentage basis, silver rose even more, topping out at $50 the ounce.

For years now, (officially-stated) inflation has been annualizing at one or two percent per year. Most people, including the current generation of market participants, have little or no memory of the relatively high inflation, interest rates and metal's prices of the late '70's.

They may be about to get a shock...

Plata o Plomo?

Mexican bandits, when attempting to relieve victims of their money, might ask them "Plata o Plomo?" – Silver or lead (bullets)?

.22 Rounds for Sale at Gun Range

.22 rounds for sale at a local gun range.

Given that demand and the rising cost of components have now priced ammunition several times higher in all calibers than last year, perhaps those who stack both silver and ammo should change this phrase to "Plata y Plomo"... Silver and Lead.

The picture nearby from a local gun range shows something well beyond the Fed's sub-2% inflation target.

But then they also said it would be acceptable to let inflation "run hot." Last year a box of .22 rounds could be had for less than $25. Is the Fed getting what they asked for?

Inflation? Deflation? Both?

This debate has gone on for several years as governments continue to ramp up spending. Oversimplified, if they let our debts default, the result is deflation.

If the printing press and spending spigot remain unchecked, then inflation is more likely. Excessive demand, loss of confidence, and increased money velocity (turnover) leads reliably to the inflationary door.

A few asset classes like the stock market and most real estate sectors initially keep up but later on lag severely, as purchasing power declines precipitously.

But gold and silver catch a wave, and wealth preservation for the lucky relative few, historically topping out at 2.5 - 3% of the population's assets, is largely assured, enabling a small minority to seriously blunt the inflationary impacts on their material wealth.

Since August 2020, it hasn't been a bed of roses for metals/mining share holders.

However, as Lobo Tiggre states, "No price goes up forever without taking a break. That's why they call it a correction...In short, I see any near-term correction as a buying opportunity for commodities - even more so for gold and silver, which are monetary metals as well - notice that silver falls into both categories."

Prices UP? More buying of gold and silver. Prices Down? Same Story.

What's becoming increasingly apparent is that when gold and silver prices rise, public buying increases. And when prices drop... public buying increases! The mints I've spoken to all report sustained sales of everything gold and silver.

Take Australia's Perth Mint.

Perth Mint minted product sales for both gold and silver soared during February, with more than 124,000 troy ounces of gold, and more than 1.8 million troy ounces of silver sold during the month. Relative to February 2020, sales increased by more than 400% for gold and 200% for silver, as investors took advantage of lower precious metal prices.

The Federal Reserve has only three ways to "deal with" debt: make significant cuts in deficit spending; substantially raise taxes; or let inflation drive economic policy, with the end result that government debts are paid off in increasingly worth-less paper.

.22 Rounds for Sale at Gun Range

Agriculture Prices Have Broken a 10-Year Downtrend

Given the way politicians and the currency creators have historically dealt with this, I'd cast a strong vote for the inflationary "solution."

What indications do we have right now that not only is inflation higher in disparate sectors of the economy considerably than the government's highly- manipulated statistics tell us, but even more important, that the rate of increase is moving at a worrisome (to us) speed.

  • In Indonesia, tofu costs 30% more than it did in December.
  • In Brazil, the staple, turtle beans, have risen 50% in the past month.
  • In Russia, consumers are paying 60% more for sugar over the last year.
  • Cereal inflation is now running at a 20% annualized rate.
  • Locust swarms are devouring food supplies in East Africa and Saudi Arabia.
  • Michael Snyder writes that The Head of the UN Food Program has stated there will be "famines of biblical proportions in 2021."
  • And demonstrating that, thanks in no small part to the recent Wall Street Bets – Reddit successful (if initially short-lived) foray into buying silver miners and physical metal, the case that we're moving into the public recognition phase for our thesis has been greatly strengthened.

Note a new subreddit, Wall Street Silver, already has over 30,000 subscribers.

Few people are aware that, even as the Feds tout the validity of the CPI in tracking inflation – both current and expected – they openly admit food prices are the most accurate predictor of inflation!

Start keeping track of your grocery tab!

No less an establishment thinker than former U.S. Treasury Secretary, Lawrence Summers, opines, "I think there's a real possibility that within the year, we're going to be dealing with the most serious incipient inflation problem we have faced in the last forty years."

Consider that – starting right now – elevated inflation, concomitant with uneven economic growth and massive deficit spending via guaranteed income and the likely build out of MMT - is going to duplicate the deleterious stagflationary effects of the '70's... on steroids!

Got silver? Got lead?

Link to comment
Share on other sites



Kitco News) - Even if bond yields have room to move to 2%, investors should continue to hold precious metals as a long-term investment, according to one billionaire investor.

In an interview with CNBC, Mark Mobius, executive chairman of Templeton Emerging Markets Group and founder of Mobius Capital Partners, noted his long-term affection for precious metals. And not just gold, but silver, platinum, and palladium.

"You've got to be in these precious metals, simply because they represent a form of currency," he said in the interview. "So I believe that those who are looking at gold and silver would be wise to have some of that in their portfolio."

Mobius added that investors should hold about 10% of their portfolio in precious metals, particularly gold.

The gold market received a small boost Wednesday after the Federal Reserve signaled that it would be in no hurry to raise interest rates anytime soon, even as they raised their growth and inflation forecasts for 2021.

Although the yellow metal has given up some of its gains, prices are still holding well above critical support, around $1,700 an ounce. April gold futures last traded at $1,723.70 an ounce, down 0.23% on the day.

As for other precious metals, palladium has been the best performer in the sector. It continues to benefit from a significant supply/demand imbalance. So far this week, the precious metal is up 13%. The rally started after Russian mining giant and the world's largest palladium producer Nornickel said it expects platinum group metal production to fall by 710,000 ounces.

June palladium last traded at $2,672 an ounce, up more than 5% on the day.

Mobius' bullish outlook for precious metals comes as gold, in general, struggles to attract new bullish momentum as nominal bond yields continue to rise. The yield on 10-year notes is currently trading at a 13-month high above 1.7%.

Although bond yields have room to move higher, Mobius said investors need to look at the bigger picture.

"A 2% rate for the 10-year is not high and I don't think that will attract many people," he said. "It's not very significant".

Link to comment
Share on other sites

Notice how the above article by Kitco never mentions Silver in its analysis? That's because of what the squeeze is doing. 

This article is pushing every OTHER metal in hopes that some of the pressure on Silver will subside. We the people are very near breaking the Comex and thus exposing the house of cards our banking institutions have played on us all.

If FREEDOM is what you truly want then buy Silver. 

Link to comment
Share on other sites


Prices Are Set to Soar

by: Larry Reed
 Money Metals News Service
 March 19th, 2021

"Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.”

Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, franc, or whatever.

It shows up in various ways, most visibly in the form of rising prices, which a lot of people confuse as the inflation itself. The distinction is important because, as economist Percy Greaves once explained so eloquently, “Changing the definition changes the responsibility.”

Define inflation as rising prices and you’ll think that oil sheiks or private businesses are the culprits, and price controls are the answer.

Define inflation in the classic fashion as an increase in the supply of money, with rising prices as just one consequence, and you then have to ask the revealing question, “Who increases the money supply?” Only one outfit can do that legally; all others are called “counterfeiters” and go to jail.

So, it’s critically important to remember that inflation is not rising prices. Inflation is an increase in the money supply. Rising prices are just one of the effects of that.

Why do governments inflate? They all share one thing in common: an insatiable appetite for revenue. For both political and economic reasons, taxing and borrowing have limitations. But if you also have a monopoly over money creation, that becomes a third option for the monopolist. Anybody who thinks that politicians who possess such power will not abuse it is smoking some really bad weed.

Before paper money, governments inflated by reducing the precious-metal content of their coinage.

The ancient prophet Isaiah reprimanded the Israelites with these words: “Thy silver has become dross, thy wine mixed with water.”

Roman emperors repeatedly melted down the silver denarius and added junk metals until the denarius was less than 1 percent silver.

The Saracens of Spain clipped the edges of their coins so they could mint more until the coins became too small to circulate.

Paper money originated in China in the 7th Century A.D. but for centuries wherever it was adopted, it tended to be a receipt for the real thing, namely, gold and/or silver. Then kings and queens realized they could print paper money, strip it of its redeemability into precious metal, and force it upon their people.

The last 300 years of monetary history is riddled with paper hyperinflations that produced skyrocketing prices and economic disaster. Bolivia and Zimbabwe are among the countries that destroyed their own paper monies twice all within my own lifetime.

Rising prices are not the only consequence of ballooning the money supply. Inflation also erodes savings and encourages debt. It undermines confidence and deters investment. It destabilizes the economy by fostering booms and busts. If it’s bad enough, it can even wipe out the very government responsible for it in the first place. It can lead to even worse afflictions.

Hitler and Napoleon both rose to power in part because of the chaos of runaway inflations.

In our age, inflation of the money supply has taken a different and more sophisticated form than coin clipping or simple paper printing. With precious metal “backing” removed to accommodate reckless spending, governments still print a lot of paper money and they mint a lot of junk-metal coinage.

But today, inflation (properly defined) is primarily in the form of credit expansion orchestrated by central banks like the Federal Reserve. It lowers interest rates for a time, but the resulting increase in purchasing power eventually pushes up both prices and interest rates.

In the wake of the 9/11 terrorist attacks on New York and Washington, the Federal Reserve embarked upon years of monetary growth and dirt-cheap interest rates. Much of the new money and credit worked its way into real estate because of regulations aimed at boosting home ownership.

That deadly combination of easy money and misallocation of resources into insanely cheap mortgages produced a bubble. When the Fed reversed itself and jacked up interest rates in 2007-08, the bubble burst and produced the stock market crash and Great Recession of 2008-09.

For more than a decade now, the Fed has been flooding the economy with liquidity. Many people have been puzzled that years of easy money and low interest rates have not produced soaring consumer prices, but that was explained recently by economists John Greenwood and Steve H. Hanke.

In their February 22, 2021 op-ed in The Wall Street Journal, titled “The Money Boom is Already Here,” they wrote:

After that crisis [of 2008], the Fed began quantitative easing, which massively expanded its balance sheet. At the same time, commercial banks were busy shrinking their loan books from mortgage debt and securities, which meant the Fed’s injections did little more than offset the contraction of commercial bank balance sheets. As a result, money growth from 2010-19, as measured by the Fed’s broadest money measure, M2, averaged only 5.8% a year.

While money on the Fed’s books grew rapidly, money in the hands of the public grew more slowly. Spending and inflation were restrained, and the postcrisis recovery was anemic, with [price] inflation persistently below the Fed’s target.

The extended period of price tranquility may now be ending. Signs of a bubble in the stock, commodity, cryptocurrency and real estate markets are reappearing. Consumer prices are ticking up. And the reason why none of this should be surprising is to be found in this revealing paragraph in the same op-ed by Greenwood and Hanke:

Fast-forward to February 2020. Since then, the quantity of money in the U.S. economy, measured by M2, has increased by an astonishing $4 trillion. That’s a one-year increase of 26%–the largest annual percentage increase since 1943.

As COVID restrictions lift in coming weeks and months, demand for goods and services will rebound, at least for a while. Powered by all the funny money sloshing around in the system, pressure for producer and consumer prices to rise will come to a boil.

I’m betting that well before the Biden administration completes a term, we’ll see annual rates of price increases in double digits, accompanied by rising interest rates, to be followed once again by another painful economic correction.

When all this happens, we’ll look back and note that nothing really ever changed. Only the numbers and the magnitudes got bigger. It took a while for easy money to blow prices up, longer than most economists expected. But ultimately, the laws of economics cannot be repealed by any mortal, not even presumptuous politicians and planners in government.

I think that’s a lesson we should never have forgotten. We are about to learn it all over again, and it’s not going to be pretty.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.