Saturday, 6 June 2020

Maxime Bernier Becomes First Major Western Political Leader to Call for a Gold Standard

Maxime Bernier, who recently became the world’s first major leader to call for the re-imposition of the gold standard, is quietly carving out a niche as one of the country’s most innovative monetary policy thinkers.

“Central banks are printing massive amounts of currency to prevent the economy’s collapse under the weight of debt,” says Bernier, leader of the People’s Party of Canada. “The fiat money system is bankrupt.”

Bernier made the comments in the wake of widespread spending announcements by the Trudeau government, which he argues has been using the financial crisis to funnel money to special interest groups.

“The gold standard forces politicians to be fiscally responsible,” says Bernier. “The Trudeau Government is spending money every day that we don’t have. But in the end we have to pay, and the price will be inflation.”

Bernier argues that ordinary Canadians are bearing the brunt of these policies. “Inflation is a hidden tax that transfers money in a sneaky way. We are seeing rising prices in things that people need, like food. But for stuff that they don’t need, like airline tickets, they are falling.”

A global monetary policy conference

Bernier acknowledges that in a globalized economy Canada cannot implement a gold standard on its own. However, as Canadian Prime Minister he would use his bully pulpit to promote the idea in international forums, possibly at an updated Bretton Wood conference.

In the meantime, a People’s Party of Canada government would use its clout to negotiate a new inflation targeting agreement with the Bank of Canada, one which would set stable prices—that is, a 0% inflation rate—as a key goal, as opposed to the current 2%.

More important, Bernier would review the way that inflation rates are currently calculated, to ensure they do not understate the burdens that ordinary Canadians are feeling.

“The U.S. dollar is the international currency, but that has to change,” says Bernier. “The Constitution forced the American government to back coinage by gold or silver. But now it is backed by nothing.”

Talking directly to the Canadian people

The fact that Bernier made his monetary policy announcements on both Twitter and his new YouTube station provides an indication as to how free market thinkers have been forced to adapt.

The Trudeau Government’s decision to fund major media has imposed a climate of fear and self-censorship on industry executives, who now receive a significant portion of their operating budgets from the governments they are supposed to cover.

According to Bernier, a long-time critic of the CBC, this creates inherent conflicts of interests, many of which are so subtle that they are hard to identify, let alone remedy.

Bernier cites the Toronto Globe and Mail, which recently called for increased government funding to help Canadian media weather the recent government lockdowns.

“How can you report fairly about someone who signs your paycheck … when you are asking for a raise?” asks Bernier rhetorically. “It is not possible. I want the media to be independent.”

Convincing Canada’s real elites: the 10%

Bernier, like others who have argued for sounder monetary policies (such as Libertarian Party of Canada leader Tim Moen and Conrad Black, author of The Canadian Manifesto), will face considerable challenges.

The most difficult will be overcoming objections of Canada’s real elites, who could be thought of as “the 10%”: the politicians, bankers, and insiders who are the first to get their hands on the cash when the Bank of Canada prints money.

The 10% includes the influential tenured university professors, administrators, and government workers who produce much of the existing “research” into monetary policy, almost all of whom quietly leave office with multimillionaire taxpayer-guaranteed pensions and vast real estate wealth.

These privileged elites, coupled with government-financed media who cover them, have huge incentives to maintain the status quo.

Preparing for the next election

Bernier’s immediate priority will be preparing for the next Canadian election, which according to some rumours could come as early as this fall.

“We created a party in less than a year,” says Bernier. “While I lost my seat, we fielded 315 candidates and got 1.6% of the vote. It took the Green Party 20 years and five elections to get to that level. Our challenge is to build from there.”

“The future of Canada depends on it,” says Bernier. “I have read Hayek, Mises, and Rothbard, who educated me about the gold standard, which is the best way to maintain purchasing power and prosperity. In the 19th century we had a gold standard and had unprecedented growth. Now we have constant booms and busts.”

Friday, 5 June 2020

Watch This Before You Invest In Gold and Silver ETFs or Mining Stocks

Today Mike Maloney recorded a video that he later decided to split into two parts. 

Viewers have been asking for the past few days for his opinion on the recent social unrest, so Mike added his thoughts as an introduction to his planned video for the day. 

After recording the video, he thought it would be best to split off the section on gold and silver ETFs into its own video.

- Source, Mike Maloney

Wednesday, 3 June 2020

1929 Vs Now: Are We Headed For The Greatest Depression?

“What’s coming will be the weirdest, most twisted thing you’ve ever seen, something that will be very hard to predict—so the more educated you are on history the better chance you have at surviving it.” 

This sobering quote from Mike Maloney highlights why he devotes his new video to the Great Depression… because it can offer valuable insights into what could be ahead for us today. 

When Mike wrote his bestselling book Guide to Investing in Gold & Silver, he studied many sources about the Great Depression, but he relied mostly on three books to get a broad view of what happened. 

Mike will share those books with you… but as he says, he ended up doing so much research that two-thirds of what he’d written about the Great Depression had to be cut! 

Sit back and enjoy Mike reading some excerpts of what was cut from his book, along with some photos and other quotes from that painful era. Listen to how they sound oh-so-familiar to what is happening today.

- Source, Mike Maloney

Monday, 1 June 2020

This Event Has Revealed The Structural Fragility Of America, Central Banks Are Failing

Todays interview is with Charles Hugh Smith, Charles talks cv-19 in Hawaii and how the island is handling it. The discussion then branches off into centralization, the [CB] and how the people have the ability to change everything when faced with disastrous situations. 

Charles explains how the event has revealed the agenda of certain individuals, how the economic system does not function properly and how it needs to be changed. Most of artwork that are included with these videos have been created by X22 Report Spotlight and they are used as a representation of the subject matter. 

The representative artwork included with these videos shall not be construed as the actual events that are taking place.

- Source, X22 Report

Sunday, 31 May 2020

John Rubino: The Silver Bull Market Will Be Totally Spectacular

The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1 ounce of gold. That’s a near record of 100 to 1 silver/gold ratio. 

Rubino contends, “The silver/gold ratio says silver is clearly a buy based on historical trends and the relationship between gold and silver.

You would expect silver going forward to outperform gold, and you would expect gold to go up as well.

This is now a bull market, and they will both go up, but silver will outperform gold.

There is just so much more debt in the world, and there is so much more of a need for safe haven assets that you would expect silver to blow right through its previous high levels. 

This time around, it could be totally spectacular with what happens with silver. There is going to come a time when everyone will want to talk about silver, but that day is not yet.”

- Source, USA Watchdog

Friday, 29 May 2020

Peter Schiff: Buy Gold and Silver Now before It’s Too Late

Money printing by the Fed and Congress is off the charts. This is why money manager Peter Schiff thinks precious metals are a no-brainer investment. 

Schiff says, “It’s not that gold is gaining in value, it’s that fiat currencies are all losing value. 

Gold is the one stable factor. It’s the one thing governments can’t create out of thin air. Every currency in the world, except the dollar, are hitting new record lows against gold. You need more Euros, Rands or Aussie dollars to buy an ounce of gold.

The U.S. dollar is losing value more slowly, but this is going to change. We are going to win the race to the bottom.

People need to convert their dollars now into gold or silver. If you think the price of gold is going up now, wait til the dollar is the weakest of the currencies.

That’s going to accelerate the appreciation of gold and that’s going to put gold in the spotlight as the replacement to the U.S. dollar as the main reserve asset for global central banks.”

- Source, USA Watchdog

Wednesday, 27 May 2020

Two French kids reportedly discover gold bars worth over $100,000 during lockdown

Two French kids reportedly stumbled upon more than $100,000 worth of gold while they were in coronavirus lockdown.

According to local media, the children — both around 10 years old — made the discovery when their family went to stay with an older relative in the French town of Vendome after lockdown measures were enforced in March.

A few days after their arrival, they decided to build a fort, BFM TV reported, which led them to search for objects they could use around the house. During the search, the children found the two gold bars wrapped up in old sheets.

Until he saw the bars, the children’s father thought they had found his mother’s antique knife holders, according to BFM.

But when he saw the bars, which weighed around a kilogram each, he contacted local auctioneers who confirmed that they were gold bullion.

The bars are set to be auctioned off at Rouillac auction house in Vendome on June 16. Reportedly worth just over 100,000 euros ($108,979) combined, the bars are estimated to fetch at least 80,000 euros at auction.

Philippe Rouillac, an auctioneer at the organization, told BFM the bars had been bought by the children’s grandmother in 1967 but had been lost since then.

“We are going to wait for gold prices to rise a little more,” he said. He added that at the start of 2020, each bar would be worth around 43,000 euros, but by June, their value could rise to 54,000 euros.

- Source, CNBC

Monday, 25 May 2020

The 2020 In Gold We Trust Report: The Dawning of a Golden Decade

Only a few weeks after publishing last year’s Report we surpassed the resistance zone of around 1360 and gold entered a new phase of the bull market. 

We can expect new all-time high, also in US dollar terms. Looking at more recent days, we see that gold did exactly what it was supposed to do and served as the solid rock during the turbulent times of the corona-crisis.

- Source, In Gold We Trust

Saturday, 23 May 2020

Phase 2 Of The China Trade Deal, Weaken China, Rework Supply Chains

Todays interview is with Bob Kudla. The interview starts off with Bob discussing the economy, that it will recover but it will take some time. 

China trade deal might not happen but because of the event the Chinese supply chains are being looked at and reworked. China is now weakened. Gold and silver are ready to move.

- Source, X22 Report

Friday, 22 May 2020

Is a Credit Crisis Looming? The Corona Correction

Roger Hirst and John Dioufas, Refinitiv’s Director of Macro & Economics, talk about the impact of coronavirus across global credit markets. Is a credit crisis on the horizon?

- Source, Real Vision

Thursday, 21 May 2020

Globalists Supply Chains Broken, China Weakened, US Economy Positioned For Growth, Gold Next

Today Interview is with Lior Gantz of Wealth Research Group, Lior talks about how people are coping with the event and how his country is opening up for business. 

Lior the talks about the economy and how China's supply chains are now broken the economy has been weakened. The US is positioned to grow and gold is ready to take off.

- Source, X22 Report

Tuesday, 19 May 2020

Bo Polny: The Coming Gold Rush Will Be Epic, Like Never Before Seen

Cycle expert and financial analyst BoPolny thinks the stock market will have another leg down to “around 15,000 on the DOW, if not lower, by June of 2021.” 

Polny also says, “The markets are finished. We have only seen the start of a recession, and the next thing coming is a worldwide depression. So, what we have seen in the markets is only a warmup. 

We are in a recession going into a depression. This is the third seal of revelation which is a rebalancing of the financial system as we know it. 

The rebalancing specifically relates to gold, silver and paper. The world has been using a paper based monetary system that is, in essence, backed by nothing. 

You might want to say it is backed by good faith and confidence, but I don’t see much faith and confidence in this world anymore. We are going to have a gold rush, and it is going to be epic.”

- Source, USA Watchdog