Asset protection

Man Who Predicted Collapse Of Euro Against Swiss Franc Gives More Shocking Predictions For 2015

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Posted by Egon von Greyerz

on Saturday, 17 January 2015 09:18

King-World-News-Man-Who-Predicted-Collapse-In-Swiss-Franc-Gives-More-Shocking-Predictions-For-2015-1728x800 cToday the man who remarkably predicted the collapse of the euro against the Swiss franc just 45 days ago shares more shocking predictions for 2015 with King World News. This interview takes a trip down the rabbit hole of central bank lies and deception and eventual collapse.

Greyerz: “Eric, what a day. Currency wars in 2015 are starting with a massive capitulation of the Swiss National Bank. As I have predicted for months, the SNB finally released the peg between the euro and Swiss franc at 1.20. This caused massive moves in the currency markets as well as massive losses for the Swiss National Bank….ie the Swiss National Bank has just suffered losses of 80 Billion Swiss Francs - that's over 10% of Swiss GDP. 

Continue reading the Egon von Greyerz interview

Asset protection

An Historically Momentous Day

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Posted by Andrew Hoffman - Miles Franklin

on Thursday, 15 January 2015 06:38

Screen Shot 2015-01-15 at 5.08.00 AMRemember this day – Wednesday, January 14th, 2015; as it may well be recalled as a key inflection point in financial history. I had planned on writing of just one “historically momentous” event – i.e., last night’s implosion of base metal prices, signaling the “death of manipulation” of the illicitly supported copper market. However, before I even started writing – at 8:40 AM EST – no less than seven such events littered the global economic and financial landscape.


Asset protection

Kurzweil's Black Swans

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Posted by George Smith on Ray Kurzweil

on Wednesday, 14 January 2015 08:23

techno-human-140x77What can we expect in 2015?  Global recession and civil disorder top the list, according to what I read.  Given the way central banks and governments have sabotaged free markets at every turn, coupled with the belligerent nature of U.S. foreign policy and the militarization of our police, both forecasts strike me as plausible. 
But the plausible doesn’t need forecasting, does it?  We need to be reminded of it, certainly, and in that sense it’s critical.  But what we really want to know is: Are any black swans on the horizon?
There are two problems with black swans.  One is predicting them: how do you predict an event that by definition comes as a surprise?  The other is convincing people that this surprising event will in fact occur.  


Asset protection

Only Asset Class That is Relatively and Absolutely Depressed is Gold & Silver Shares

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Posted by Marc Faber: The Gloom, Boom & Doom Report

on Monday, 12 January 2015 16:28

In this interview Marc lays out his reasons for an imminent Stock Market Correction/Crash of 30-40%, and why the only sector that is truly beaten down right now are the gold and silver mining shares. Some key summaries of this 13 minute interview are below - Money Talks Editor


When speaking about an imminent stock market correction, Marc Faber argues that since the market hasn't had more than a 10% correction since 2011, it is likely that we will se a 30-40% decline in the not to distant future.

Marc has witnessed many bull markets and crashes in his career. Marc says that bull markets frequently go on for longer than expected, but the current bull market is already very old, and has been going up steeply since 2009 – in other words, more than 5 years old. “The one thing I can say, is that we are in a aging bull market, and the recovery has lasted longer than the typical recovery phase over the past 100 years.”

We ask Marc if the Fed's current slowdown in tapering will be reversed in a stock market correction? Marc points out that whenever there is a problem with liquidity in the markets (1988, 2000, 2007), the Fed has stimulated the economy by injecting liquidity, so it's not unlikely that the Fed will again try to support assets markets. The problem is when this goes on long enough, numerous assets aren't affordable for the majority of people. The impact of this may be negative for the economy, because some asset prices may rise disproportionally in comparison to other prices. 

On the multi year low in mining equities, Marc says that general assets are very high right now. And the only asset class that in Marc's view are beaten down now are the gold and silver mining shares. When looking at the Dow Jones Index in comparison to the GDXJ(junior gold mining stocks index), the underperformance from the GDXJ has been colossal. As a contrarian or as a value investor, Marc sees reasonable value in the gold mining stocks right now. Government bonds and other assets are essentially inflated, but the gold mining stocks are deflated.

Speaking on the influx on gold into Asia... Marc thinks it's an interesting situation, because in the west we have rumors of central bank's manipulation of the gold market to keep the price depressed. Marc believes that these rumors are insensible – the West should want to sell their gold at a high price, not at a low price point.  

Finally, in the last 20 years, there has been a huge increase of wealth in Asia. The increase in gold purchases in Asia, comes from a growing population, and a population which is increasingly affluent. Marc says that in terms of the Asian stock markets, they are relatively depressed in comparison to the US stock markets, and there is better value there.


 About Marc Faber


Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.

Asset protection

How This Great Race to Disaster Finally Ends

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Posted by Bill Bonner & Chris Hunter - Diary of a Rogue Economist

on Friday, 09 January 2015 09:19

Bill-BonnerThe Dow rose 323 points yesterday, or 1.8%. 

People come to think what they must think when they must think it. But what do they think now? Why do they think stocks are so valuable? 

Apparently, they believe that Janet Yellen, Mario Draghi and Haruhiko Kuroda – the powers that be – will continue to make stocks go up. 

The Fed has stopped active liquidity pumping. But it still has its hand on the pump handle, just in case. 

The European Central Bank is promising and preparing to pump as soon as it can get the Germans out of the way. And the Japanese – the world leaders in modern state finance – are pumping with both hands.

Gaming the System

Since 2009, the Fed has put more than $3.5 trillion to work on investors' behalf. 

This – along with the help of the ECB, the Bank of Japan, the Bank of England, the People's Bank of China, etc. – has helped lift stock markets by $18 trillion. 

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