Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

Sep
23

TheDailyReckoning  |  James Rickards

The debt-to-GDP ratio in that example would be 40%. But we don’t have a $50 trillion economy. We have about a $19 trillion economy, which means our debt is bigger than our economy.

The Golden Solution to America’s Debt Crisis

Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade.

And it looks like annual deficits will be at the trillion dollar level sooner than later when projected spending is factored in.

Basically, the United States is going broke.

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Sep
23

ZeroHedge  |  Tyler Durden

 Simply put – for now – nothing else matters…

“Like watching paint dry,” is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen’s decision today means the risk-suppression boot is on the other foot (or feet) of The SNB, The ECB, and The BoJ; as he writes, “have no fear, The SNB knows what it’s doing.”

As we reported previously, [4] In the second quarter of the year, one in which unlike in Q1 fund flows showed a persistent and perplexing outflow from US stocks, a trading desk rumor emerged that even as institutional traders dumped stocks and retail investors piled into ETFs, a “mystery” central bank was quietly bidding up risk assets by aggressively buying stocks.

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Sep
23

TheHill  |  Armstrong Williams

The Federal Reserve, as Griffin explains, is neither “federal” nor a “reserve.” It is not owned by the federal government, and it does not hold real assets in reserve.

I recently had the opportunity to read “The Creature from Jekyll Island” by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions.

America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs)

The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and

So-called “foreign aid” is merely a clever means of shifting the bad debt incurred by banks and wealthy financiers to American taxpayers.

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Sep
23

TheCommonSenseShow  |  Dave Hodges

Why is the Wall Street Jounral reporting that a banking collapse could happen on 10/15? They are also reporting that the elite are pulling their money from the banks.

I don’t trust the WSJ farther than I can thrown them. What is behind this press release?

wsj

Sep
21

Mike Maloney

Sep
21

TrustNodes  |

An investor in Chinese bitcoin mines told AFP: “All of us didn’t believe they would shut down the exchanges so we are preparing for the worst.”

Chinese media is reporting executives of crypto exchanges have been ordered to not leave the country with a very rough translation stating:

“A number of informed sources say the executives of special currency trading platforms are not allowed to leave Beijing to cooperate with the investigation. In accordance with regulatory requirements, trading platform shareholders, the actual controller, executives and financial executives need to fully cooperate with the relevant work in the clean-up period in Beijing.”

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Sep
21
Sep
21

SHTFPlan  |  Mac Slavo

Global Strategist Forecasts: “A Massive Unwind Of The U.S. Dollar Is Coming… You’re Going To See A Rush For Gold”

Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He’s also a well known resource hedge fund manager who legendary investor Doug Casey has called one of the best market analysts he’s ever worked with. His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange.

This trend, according to Katusa in a must see interview with Future Money Trends, will only continue to weaken the U.S. dollar going forward and the result will be a massive capital flight to gold in coming years:

I think we’ll have a near term bounce on the U.S. dollar… then it’s going to be very weak… and then it’s going to go much, much lower… With China and Russia working together to de-dollarize the U.S. dollar starting with oil, which is the biggest market… and then all the other commodities.

You’re going to start seeing a massive unwind of these U.S. dollars in the emerging markets. 

When that money comes back… which it will… and the world starts cluing in that the emerging markets need gold to convert the Yuan and the Ruble and all these different factors, you’re going to see a massive rush for gold. Read the rest of this entry »

Sep
21

Financial Tsunami About to Hit Our Shores

Sep
21

BrisbaneTimes  |  Ambrose Evans-Pritchard

The world’s debt ratio was already at a record 276 per cent of GDP just before the Lehman crisis. It has since jumped to 327 per cent. Nothing like this has ever been seen before.

The US Federal Reserve and its fellow central banks can be forgiven for telling us a white lie: nothing would be gained from admitting that they do not know how to extricate the world safely from their extreme monetary experiment.

Fed chief Janet Yellen has finally pulled one major trigger after countless retreats. The long-awaited reversal of quantitative easing (QE) will kick off in October.

The puzzle is why the Yellen Fed – usually so cautious – has chosen to enter these treacherous waters when there is no strict need to do so.

It is a sea-change for the world. Deutsche Bank calls it the start of the “Great Central Bank Unwind”, candidate “Number One” for the world’s next financial crisis.

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