Egon von Greyerz: A Can Too Big For The Fed And ECB To Kick

Now is the final chance to jump on the gold wagon…

There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments.

If you want to understand the future, don’t spend your life preparing and constantly revising an Excel sheet with masses of economic data. Collective human behaviour is extremely predictable. But not by spreadsheet analysis but by studying history. 

HISTORY IS A BETTER FORECASTER THAN ECONOMISTS

There just is nothing new under the sun. So why is there so much time and money wasted around the world to make economic forecasts that are no better than a random job by a few chimps?

Instead, give some lateral thinkers a few history books and let them study the rise and decline of the major empires in history. That will tell them more about long term economic forecasts than any spreadsheet.

After a 50 year decline of the US economy and the dollar, we still hear about the V-shaped recovery being imminent.

On what planet do these people live who believe that a world on the cusp of an economic and social collapse is going to see a miraculous recovery out of the blue.

This is the problem with a system that is totally fake and dependant on constant flow of stimulus even though it has zero value. Most people are fooled and believe it is for real.

ALL EMPIRES END WITH COLLAPSING CURRENCY AND SURGING DEBTS

We are now in the final stages of the end game. The end of the end could be extended affairs or they could be extremely quick. Most declines of major cycles are drawn out and this one has lasted half a century. During that time the dollar is down 50% against the DM/Euro and 78% vs the Swiss franc. And US debt has gone up 65x since 1971 from $400B to $26T. A collapsing currency and surging debts are how all empires end.

But the end of the end has also been drawn out and started in 2006 with the Great Financial Crisis. The financial system was on the verge of collapse in 2008 but was miraculously rescued with tens of trillions of dollars in printed money and guarantees.

Central banks have since then frenetically kept the party going by manufacturing worthless paper money. The music should have stopped in 2008 but the participants are still dancing on the grave of a system that is about to succumb.

The degree of the coming disintegration of the world economy will only be known with certainty by future historians. What is clear though is that we are seeing the end of a major cycle. What we will experience next is not just the fall of one nation but of most nations on earth, both advanced and developing countries. Debt is a global problem that virtually every country is seriously affected by. When the financial system crumbles so will world trade.

WHAT WILL HAPPEN NEXT?

Asset Bubbles can only end in one of two ways: Either they Implode or they Explode

The principal bubbles we are here talking about is the financial system, stock markets, bond markets, and property. So in principle, we are looking at two options for this era to end.

The net result is always the same although the Explosion finale will be the more violent and lead to a quicker massacre than the Implosion.

Explosion

The risk of an Explosive end is very high. That would most probably involve acute problems in the banking system leading to a major bank defaulting, say Deutsche Bank. This would spread throughout the whole banking system like wildfire and obviously also affect the derivatives bubble of $1.5+ quadrillion. It would happen so quickly that central banks wouldn’t be able to print money fast enough to stop it. In any case, the whole financial world would know at that point that any freshly printed money would have ZERO value and therefore ZERO effect.

An Explosive outcome of this 100-year bubble-era would clearly be cataclysmic for the world. It would lead to a global deflationary depression of a magnitude never seen before. It would also take life back to a level of devastation and deprivation that would be unimaginable today.

Implosion

The only difference with an Implosive outcome is that it would take longer and therefore involve both hope and pain as desperate central banks create trillions and quadrillions of worthless dollars, euros etc to temporarily keep the balloon inflated.

Even though this process would be more drawn out, it would also fail in the end. First, there would be a brief period, maybe a couple of years, of hyperinflation before it would end in a deflationary collapse.

So these are the two options. There is absolutely nothing that can stop it. Well, we always have Deus ex Machina of course. Yes, miracles can always happen and the world would certainly need one this time. But sadly the odds are not in favour of these kinds of wonders...

- Source, Egon von Greyerz, read more here

Robert Moriarty: Transitioning from Democracy to American Tyranny

Robert Moriarty talks about America’s transition from Democracy to oppression and offers investment choices he thinks can help avoid poverty and enslavement.

- Source, Jay Taylor Media

Fed Orders Banks To Stop Buybacks, Cap Dividends and to Prepare for Commercial Real Estate Bust?

The Fed claims that US banks are in good shape, but ordered share buybacks stopped, a cap on bank dividends and to focus on building up more reserves.

- Source, Wall St for Main St

Catherine Austin Fitts: We are Watching the Mother of All Debt Entrapments

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says the Covid-19 crisis is really more of a so-called “Plandemic.” Fitts says, “What we are seeing is a reengineering of the global financial system on the just-do-it method. 

We saw a lot of smart money get out of the market at the top in January and February. 

Then, we saw a push to use police powers in the healthcare system to shut down a huge part of the independent economy globally. 

So, small business and small farms shut down across the board throwing the emerging markets and many small businesses into debt traps. 

So, we are watching the mother of all debt entrapments going on globally, and that means we are in for a radical reengineering. That’s what we are seeing in the U.S.”

- Source, USA Watchdog

Ron Paul: Coronavirus, Major Spike or Major Propaganda?

The doom and gloom "scientists" are back on television warning of a massive new spike in coronavirus cases...while admitting also to a massive "spike" in testing and a massive decrease in deaths across the country. 

Are they conditioning Americans to accept another lockdown and shutdown of the economy? How to explain the hysteria over rising "cases" while also admitting to falling deaths. 

Plus today: "contact tracing" looks to be a massive boondoggle in New York. Can Texas expect the same dismal failure of its third of a billion dollar "contact tracing" program?

- Source, Ron Paul

Golden Rule Radio: Are the Markets Ready for the Devastating Q2 Numbers?

As we approach quarter 2 investor earnings call season will the results shown disrupt the equities markets and have impacts spreading to the precious metals sector? We cover the price movements of gold, silver, platinum, palladium, the US Dollar Index, and equities markets on this week's show.

- Source, Golden Rule Radio

Ron Paul: $10 Trillion Federal Budget, Fed Buying Stocks and Bonds? This Fantasy Will End Soon

The U.S. federal government and its monopolist financier, The Federal Reserve, have created an economic fantasy world. 

They are now both feverishly trying to keep it going. 

If there's only one lesson of history that a person should understand, it's that central planning and central bank counterfeiting always fails. 

There has never been an exception, and the United States' failed attempt will join the others in the dustbin of history.

- Source, Ron Paul via the Liberty Report

Preparing for a Monetary Reset with Gold and Safe Haven Assets

Tom welcomes returning guest Jaime Carrasco of Canaccord Genuity to the program. Jaime discusses asset allocations in their portfolios and why many investors in various funds have little or no exposure to the precious metal sector. 

It can be difficult for many money managers to provide exposure to precious metals for their clients. Canaccord's Special Opportunity Portfolio is structured for that purpose. 

Jaime discusses a couple of charts that demonstrate the performance of gold and mining equities in recent months. 

They show a relative comparison between various possible investments like gold, miners, and the Dow going back to 2018. There appears to be a gradual restructuring occurring behind the scenes. 

Jaime anticipates a reset to a new hard money backed system. He expects Trump to focus on what works for the United States and not just Wall Street.

- Source, Palisade Radio

Market Update: Why Did The Stock Market Drop Last Week?

For weeks now, we’ve been warning that the ongoing melt-up in the markets isn’t sustainable. The higher it shoots, the more painful the inevitable correction will be...

- Source, Peak Prosperity

Gregory Mannarino: The Shocks Will Keep Getting Bigger

Despite global lockdowns - with unemployment, business closures, and GDPs crashing to depression levels​ - central banks are on an seemingly unstoppable track to impose even greater control over our lives and livelihood, all justified by ever-greater and more shocking crises. 

What can we do to get aware and prepared, and wake up our loved ones and friends, before it’s too late? Gregory Mannarino, trading coach known as “The Robin Hood of Wall Street,” and founder of TradersChoice.net, returns to Liberty and Finance / Reluctant Preppers to answer viewers’ questions about the economy, the volatile markets, the record debt-fueled repossession of everything by the Fed and central banks, and the specter of even more unthinkable crises and takeover of our lives in the near future.

- Source, Reluctant Preppers

Chris Vermeulen: Gold Wins in All Situations Moving Forward

Tom welcomes Chris the founder of Technical Traders Ltd. back to the program. Chris discusses the current market conditions and why a trend change is coming as precious metals, miners, and bonds are all showing positive patterns this week. 

Sentiment is reaching new highs, and a lot of leverage is being deployed in the markets. Chris is concerned about what could happen from a second wave of the pandemic. Things are starting to get pretty ugly, and anything could happen. 

He says, "This is the time you buy your gold, you buy your gun, buy extra food in case riots start happening... this is a possibility that you have to think about." Oil tends to correct itself, but since crude went negative, it has attracted short-term momentum traders. 

A small sideways pause follows each rally, but if a significant sell-off begins, there could be collapse as investors head for the exits. 

All these things are good for gold, gold is a global safe haven, and the Fed is likely to continue stimulus, meaning gold could go much higher. It could be fantastic for precious metals and miners if they go ballistic with printing and further devaluation of the dollar.

- Source, Palisade Radio

Ron Paul: $2 Trillion In Debt In 2 Months! Is It All About The Stock Market?

A failed financial system of central planning by The Federal Reserve is being clung to in America. 

It was wrong to ignore and replace the sound monetary system created by America's Founders and codified in the U.S. Constitution. 

The longer that we cling to the unconstitutional Federal Reserve, the greater the financial and economic pain we must suffer as a result.

- Source, Ron Paul

Wolf Street Report: America Convulses in Pain, Fed Bails Out the Wealthy

What's so insidious about the Fed's bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.

- Source, Wolf Street Report

Germany’s Economy Gad its Worst Month Ever at the Height of the Lockdown

Germany’s industrial production fell so sharply in April, at the height of the coronavirus lockdown in the country, that one economist has called it “the worst month ever” for the German economy, a key growth driver for the euro zone.

Industrial production fell by 17.9% in April from the previous month, following a 8.9% drop in March. Compared to the same month in 2019, industrial production declined by 25.3%, Germany’s statistics office Destatis said Monday, noting that the drop was “the largest decline since the beginning of the time series in January 1991.” The sharpest drop in production was seen in the auto industry, which recorded a decline of 74.6% month-on-month.

The numbers come after data Friday showed orders for Germany’s industrial goods in dropped 25.8% month-on-month in April, again the worst number since records began in 1991.

“Another sharp drop in industrial production shows that April 2020 will be the worst month ever for the German economy,” Carsten Brzeski, chief economist of euro zone and global head of macro at ING, said in a note Monday.

“Two months of Covid-19 have already left a more adverse impact than the entire financial crisis,” he added. “Today’s data also illustrates how an open economy like Germany has been hit severely by the lockdown measures both at home and abroad.”

The data from Germany comes despite the country having a far less severe epidemic than its western European peers. Germany has recorded 185,750 confirmed cases of the coronavirus (a number similar to its peers; France has reported just over 191,000 cases, for example) but it has recorded a far lower death toll. Germany has reported 8,685 deaths, according to data collated by Johns Hopkins University, while France, by contrast, has recorded 29,158 deaths.

Germany has attributed its lower death toll to an early lockdown, tracking and tracing early cases of the virus and a recently modernized healthcare system.

The government began to lift lockdown measures tentatively on April 20, allowing smaller retailers and car dealerships to reopen. Car production was allowed to restart at the end of April and further restrictions were lifted in early May, including the reopening of schools. Further lockdown measures are to be lifted soon, with Germany relaxing a travel ban to other European countries on June 15.

While economists like Brzeski expect the lifting of lockdown measures to lead to “a strong rebound in economic activity,” he that added: “the period after the imminent rebound does not look too promising,” and predicted further challenges for Germany’s crucial car industry.

“Contrary to the financial crisis and the important role of Asian countries in the swift recovery of German industry back then, there is currently no savior in sight to quickly boost external demand. This means that German industry, which had been battered by a series of adverse events like the diesel crisis and problems with admission norms in the automotive industry, low water levels in main rivers and trade tensions, as well as structural challenges, will have a hard time quickly returning as the economy’s poster child.”

Industry-watchers also forecast more short-term declines in industrial production, according to the closely-watched Ifo institute, which surveys business leaders on their outlook and expectations for the economy.

“German industry expects the decline in production to continue over the coming three months, albeit at a slower rate,” Klaus Wohlrabe, economist and head of surveys at the Ifo Institute, said Monday.

Ifo’s index of production expectations rose to negative 20.4 points in May, having stood at negative 51.0 points in April. Although this is the biggest month-on-month increase in the index since German reunification, Ifo noted, “all it means is that the nosedive is now flattening out,” Klaus Wohlrabe said in a note.

- Source, CNBC

Silver Will Explode and Fake Money Will Collapse Like in Third Century

History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back almost 2000 years to the Roman Empire we will find exactly the same symptoms as today.

Deficits, debts, excessive military spending, debasement of currency, breakdown of trade, plague, revolts, wars, and hyperinflation. This is exactly what happened in the Crisis of the 3rdcentury and right now the world is facing the same disasters. When Marcus Aurelius’ son Commodus (picture) became Emperor in 180 AD, the silver content of the Denarius coin was almost 90%. But then gradually costs were soaring and revenues declining and the empire was running out of real money or gold and also silver. More and more money was required to bribe a disloyal army. By 235 the situation became serious as many Roman legions were defeated by the Germanic peoples. The Roman generals also fought each other for control of the Empire. Between 235 AD and 284, there were more than 50 emperors most of them murdered or killed in battle. The finances of Rome declined rapidly and debts increased substantially. Taxes were continuously raised but there were fewer and fewer who were in a position to pay tax. From 250 AD there was also a plague that killed major parts of the population.

THE MORE IT CHANGES THE MORE IT STAYS THE SAME

By changing the names and years to today in the above paragraph, the situation is almost identical. From the creation of the Fed in 1913, the US and the dollar have gradually gone downhill but the acceleration phase started in 1971 when Nixon closed the gold window.

Again the similarity with Rome is astonishing. The real decline started in 235 when the Crisis of the 3rd century began. At that time the Denarius had 50% silver content which over the next 50 years declined to 5%, a 90% fall. Emperor Gallienus presided over this final fall in the 260s AD.

THE DECLINE OF THE ROMAN EMPIRE & THE DENARIUS

THE DOLLAR HAS LOST 98% SINCE 1971

The situation today is even worse. In the 50 years between 1971 and today, the dollar has lost 98% of its real value, measured in gold. The fall is now accelerating as the graph below shows. The dollar has lost a staggering 83% in the last 20 years since 2000.

THE SYMPTOMS ARE THE SAME BUT THE DATES CHANGE
What is absolutely extraordinary is that the symptoms of the 3rd century are identical today: Deficits, debts, excessive military spending, debasement of currency, breakdown of trade, plague, revolts, wars, and hyperinflation.

Each one of the above symptoms is present today. We obviously have the debts, deficits, etc. We also have social unrest in many countries and right now rampant in the US. We also have the plague in the form of Coronavirus. So far there are no major wars but sadly with the current geopolitical tensions, the risk is major.

HYPERINFLATION IS COMING

We don’t have hyperinflation yet which is typically defined as prices going up by 50% per month. But with the dollar having lost 98% over 50 years and 83% since 2000, it only has 2% to go to ZERO. And with the massive money printing and credit expansion that is now taking place, I cannot understand how anyone believes we can avoid it today.

Human beings always think that it is different today just because we are here. But how can anyone think that we can solve a debt problem with more debt? And when we look back at history, currency collapse and hyperinflation is a very frequent event. Just in the last 100 years, there have been over 60 hyperinflationary events in the world. And in the last 2000 years, the number could easily be over 1,000. What is totally different today is that the whole world is in a similar situation and when hyperinflation starts, very few countries will be able to avoid it. A global hyperinflation will clearly be both spectacular and devastating. It is not a question of IF only of WHEN.

Many are saying that we have no inflation today so how can we get hyperinflation. What few understand is that hyperinflation is a currency driven event. It arises as a result of the currency collapsing. And the currency collapses due to massive money printing which we are seeing the beginning of now.

But we are already seeing the first symptoms of hyperinflation with US Money Supply growing exponentially:

Hyperinflation happens very quickly, almost out of the blue. As the chart shows below. it can go exponential in a couple of years.

STOCKS IGNORE REALITY

Debts and money printing have been driving stock markets to ever dizzier heights for decades. Economic fundamentals and reality have little importance. Just give investors another injection of fake money and they euphorically invest it in the market. It is a perfect end to a fake world. You print worthless money and then buy shares that have a fake value hoping that the carousel will spin ever faster not realising that all the riders will soon fall off. And then the music stops and all goes dark.

But before the music stops, it is so loud that investors cannot hear all the warning signals.

And we certainly have had enough warnings. It all started in 2000 with tech stocks crashing 80%. That was also the time when stock markets peaked in real terms. But nobody noticed and most people still haven’t.

STOCKS ARE DOWN 70%

How can any investor with even an ounce of analytical ability not notice that since 1999 stocks are down almost 70% in real terms? Real terms obviously means gold since it is the only honest money and the only money that has survived in history. It is also the only money that over the millennia has maintained constant purchasing power. An ounce of gold 2000 years ago bought a good suit for a man and still does today.

It seems that for a great number of investors, stocks are the only investment they look at and believe they understand. But they don’t understand enough to realise that stocks in this century have been an extremely poor investment in real terms. What they can’t fathom either is that stocks are now entering a major secular bear market which will be devastating.

To measure stocks in a fiat currency like US dollars, does not reveal what actually happened to the investment. Since stocks seem to have gone up substantially in dollar terms this century, investors feel both rich and content. But in purchasing power terms they have been a losing investment as measuring stocks in gold reveals.

If we look at the chart below, the Dow is down 67% against gold in the last 20 years. The correction to the 1999-2011 fall finished in 2018 and now the ratio is on its way to below the 1 to 1 level which we saw in 1980. Dow and Gold were both at 850 then. I believe that we will see less than 0.5 to 1 which is the long term trend line.

A SUCKERS’ RALLY – AN ESSENTIAL INGREDIENT

So the Dow versus gold is an important indicator. Another essential ingredient required to end a bull market is a suckers’ rally. Before a market turns down properly, retail investors must be sucked in at the very end. These are the people who believe that the drop has finished and that the V-shaped recovery is happening. They will soon be disappointed as the market crashes to new lows.

The chart below shows that trading volume at Retail Brokers have quintupled this year. This is a typical signal that this bull market is coming to an end.

With the world economy collapsing, you wonder what planet stock market investors live on. Can’t they see what is happening? Just look at some of the problems in the world:

There are 100s of millions of unemployed or not working in the world today. This could rise to over 1.6 billion which is 50% of the global workforce according to the International Labour Organisation (ILO). It is estimated that as many as 40% of the people who have lost their jobs won’t get them back. GDP is collapsing – down 30-40% in Q2 in many countries. Retail trade, factory output, industrial production are crumbling. The airline, hotel, restaurant, and travel industries are hemorrhaging. Over 100,000 businesses have shut down in the US with many small and big businesses becoming insolvent as cash flow dries up.
STOCKS

If we look at the Nasdaq 100. It has just made a new all-time monthly closing high. This is totally mind-boggling bearing in mind the problems outlined above.

The Relative Strength Index at the bottom of the chart has not confirmed the Nasdaq new highs since 2018. This is a very bearish signal which almost without exception leads to a crash.

Another bearish factor is divergences between different indices. The new high of the Nasdaq is not confirmed by the Dow or the S&P. That is also a strong warning signal.

My opinion on global stock markets hasn’t changed. All the major indices are in the final stages of a correction up of the downtrend which started in February. The next leg down will be to new lows and thereafter much lower levels over the next couple of years.

CURRENCIES

Since all the currencies are in a race to the bottom, it is always difficult to predict which one will win. And it doesn’t really matter since the destiny is the same for all of them. It serves no purpose to hold worthless paper money which will be printed to death. Much better to hold physical gold and some silver. Still, it looks like the dollar is turning down now. The trend is not confirmed yet technically. But although I recommend to investors to not hold any major amount in any currency, I believe that the dollar is the most likely to fall first. This is based on the major economic and political problems the US is facing including a massive debt that is galloping higher.

- Source, Silver Bear Cafe

Real Vision Finance: Is the Economy Really on the Mend?

Real Vision CEO Raoul Pal and senior editor Ash Bennington discuss a roaring day on Wall Street as the U.S. labor market breathed a sigh of relief. Looking at everything from tech valuations to the AUD/USD trade, Raoul and Ash dive deeper into this jam-packed news day to see whether the economy really is on the mend. In the intro, Jack Farley touches on these themes and previews Raoul’s interview with Gerard Minack.

- Source, Real Vision Finance

Rob Kirby: Globalism is the True Enemy of Humanity and America

Macroeconomic analyst Rob Kirby says dollar debasement is all part of the globalist plan to destroy America because it stands in the way of the Marxist/communist inspired New World Order. 

This is what the rioters tearing America’s cities apart are doing in the name of race, but it is in fact being done by the newly designated terror group Antifa, which is supported by the Democrat party. 

Kirby closes by saying, “Globalism is the true enemy of humanity and it’s the true enemy of America, and America needs to wake up to this and get their heads around it very quickly.

This is all going to end when the dollar is no longer accepted in trade by the rest of the world.

They will say you have created too many dollars, and we want payment in something other than dollars because we don’t know what a dollar is really worth. 

Will these clowns that destroyed the dollar take that as an act of war? I suspect they will.”

- Source, USA Watchdog

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.”

- Source, Sprott Money Blog

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

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

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