by irdadmin | Apr 30, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be...
by irdadmin | Apr 28, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“How did you go bankrupt?” Bill asked “Two Ways,” Mike said. “Gradually then suddenly” – Ernest Hemingway, “The Sun Also Rises” And this could usher in the “suddenly” moment: “The president of...
by irdadmin | Apr 25, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be...
by irdadmin | Apr 22, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
For central banks, monetary inflation is everywhere the solution. Bank rescues, payment chain failures, the furloughing of millions of employees, helicopter money to bail out whole populations, money to bail out governments, money to support all categories of...
by irdadmin | Apr 16, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
“We have previously called Wall Street an institutionalized wealth transfer system from the 99 percent to the 1 percent. The CARES Act puts the wealth transfer system on steroids by letting the fat cats on Wall Street keep their decade-long obscene compensation...
by irdadmin | Apr 10, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You [the public] are the sucker. Your role in the Federal Reserve System is to absorb losses [on the crappy assets the Fed buys off of bank and hedge fund balance sheets]…The Fed is there to facilitate your absorption of those losses and that’s...
