I Have a Little White Bump in the Back of My Throat
When we started The Dollar Vigilante in 2010 we stated that the worldwide central banking fiat money system would collapse within the decade. Almost every Western government has done similarly and central banks continue to print money to make the dead system seem like it is still alive. Early in 2015 we caught on to an occult (hidden) timeline by which major financial events occur called the Shemitah, and the year after called the Jubilee (or Super Shemitah).
Investors bought record amounts of gold in the first half as concerns over Britain's vote on European Union membership and U.S. Purchases of 1,064 metric tons smashed a 2009 record by 16 percent, the World Gold Council said in a report Thursday. Complaining that they can't keep up with all the changes to the law, police departments in Colorado are demanding that the legislature impose a moratorium on any new cannabis-related legislation. Last week, I laid out the 12-reasons for why stock market "bulls" should pray that interest rates don't rise. The point here is that with the Federal Reserve talking about "tightening" monetary policy by hiking the "Fed Funds" rate – the reality is the Fed Funds rate has little to do with the actual credit market. Many a-list celebs have tones of fame but their fortunes are small potatoes compared to these folks, the billionaires. The story of millionaire Simon Cowell, who dropped out of school at 15, worked for Sony BMG and EMI Music.
Our roundtable guests talk about their roles as agents and being acknowledged by their clients. The world knows Valeria Lukyanova as the girl who turned herself into a real-life Barbie doll.
Government debt continues to mount and the only way to pay interest on the debt is to print more money. In the second quarter alone, investor demand more than doubled to 448.4 tons from a year earlier. And if you're like most investors, you keep up with how the companies you own are performing.
Just one word describes the outcome of that event given the current excessively leveraged consumption based economy of today – disaster.
The Fed rate is not actively traded and variable rate financial products are not linked to it. The US government, alone, has doubled its debt in the last eight years, from under $9 trillion to now well over $19 trillion.
You might even listen to quarterly "earnings calls," which are when CEOs present results and give their outlook on the business. However, the London Interbank Offered Rate (LIBOR) is the rate used as the benchmark for many adjustable rate mortgages, business loans and financial instruments traded on global financial markets.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, OR FUTURES.
For a nation that generates two-thirds of its GDP from consumption and which is hard-wired to shop, the bleak picture for brick-and-mortar retail would ordinarily be regarded as a yellow flag for investors. In other words, increases in LIBOR tightens the flow of liquidity in many of the debt markets that directly affect the average consumer and small business by increasing costs. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. This is particularly burdensome when annual rates disposable income growth is on the decline. The central banks are operating at full-steam, new-car deals have helped push household debt to levels not seen since 2006, and inflated home prices — Alan Greenspan's favorite source of 'wealth' — are within an inch of heights achieved just prior to the 2007-08 crash. We have no doubt that the stock market will eventually succumb to gravity, ending all of the giddiness.
In the meantime, it's all too clear that Americans, especially those in close proximity to Wall Street, will continue to party on.
I Have a Little White Bump in the Back of My Throat
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