the truth in plain view
do not think it is an exaggeration to say history is
largely a history of inflation, usually inflations
engineered by governments for the gain of governments."
"Facts do not cease to exist because they
are ignored." --
Gold is a universal currency - simplistic,
honest and trustworthy. Gold holds value
over the long term.
My goal is to expose the sense and nonsense
of the econo-babble and boil the discussion
down to the fundamentals by providing (only
the) pertinent information.
LMR is an economic commentary blog offering
an assemblage of current news, editorial
pertaining to precious metals, fiat
currencies and the global economy.
Reality based investing - guaranteeing your
financial security through the personal
ownership of physical gold and silver.
Onward Toward Bullion Bank Collapse
The events of Friday not only speed the
eventual collapse of the Bullion Bank Paper
Derivative Pricing Scheme, they also
highlight the fraud of this current system
and shine light upon the utter desperation
of these Banks to maintain it.
Jim Rogers on Brexit: "Worse than any bear
market you’ve seen in your lifetime."
UK's decision to leave the European Union
will lead to an economic crisis more severe
than what the world faced in 2008, according
to legendary investor Jim Rogers, chairman
of Rogers Holdings.
"The Global Economy Can No Longer Rely On
Debt" - BIS Warns
Bank for International Settlements
late June which means it is time for the
annual warning by the Bank of International
Settlements about the growing futility of
monetary policy and central bank impotence.
the summary -
"Easy-money policies and
unprecedented monetary stimulus have started
to backfire in global financial markets".
Brexit: The System Cannot Hold
Holland, France, Denmark, Italy, Spain,
Hungary, they will all have calls for
referendums. Greece already had one a year
ago. The center cannot hold. Nor can the
system. If referendums were held in all
remaining 27 EU member states, the union
would be a lot smaller the next morning. The
Unholy Union depends on people not getting a
A New Balance Of Power In The Gold Market
Shanghai exchange is a physical market,
where buyers go to get actual gold and
silver. Prices are set by sellers with metal
to move and buyers who want to take
delivery. On the Western paper exchanges, in
contrast, the players mostly gamble on price
movements using futures contracts with very
little actual metal changing hands.
Durable-Goods Orders Sink Across The Board
Orders for long-lasting goods critical to
U.S. economic growth declined across the
board in May, raising further doubts about
the health of the economy in the wake of the
weak jobs report.
More Anomalous Gold Data In Latest Swiss
The latest gold import and
export data from Switzerland, one of the few
countries to report these flows in detail,
as usual open up some interesting insights
into global supply and demand. Overall Swiss
gold exports rose by around 20% month on
month to 177.3 tonnes making the country a
Policy Dilemma: Back to the Future or the
after the June 1979 electoral victory in the
United Kingdom, Lady Margaret Thatcher, the
new Prime Minister, eliminated restrictions
on the ability to move money in and out of
the United Kingdom. Some of her supporters
regard it as one of her best and most
revolutionary acts. The Telegraph noted that
“in the economic dark ages that were the
1970s, UK citizens could forget about buying
property abroad, purchasing foreign
equities, or financing a holiday. The
economic impact was devastating.
US Investors Jump On Australian Kangaroo
Sales of silver coins from
the Australian mint have doubled over the
past year, far outpacing growth in demand
for other coins including those made of gold
and the US Mint’s popular silver American
Gold Reserves a Key Strategy Again
Up until the second half of the 20th
century, the most important factor that
determined the strength of a country’s
monetary system was how much precious metal
it could stockpile in the form of gold
reserves. To some economists, this regime
was decried as simplistic, inflexible—even
“barbarous.” Nonetheless, such a system that
relied upon a gold standard worked
remarkably well in terms of maintaining
order and stability across the international
"We Have Reached The Point That Keynes
Warned Of In His General Theory."
that new warnings about failing central bank
policy are emerging every single day, from
Bank of America, among others, here courtesy of Bloomberg's
Christopher Maloney is a brand new
one, one which take a different angle, and
suggests that none other than Keynes
predicted just the "dead end" outcome that
the world finds itself in right now.
You are currently living through the dumbest
monetary experimental end game in history
Eugene von Bohm-Bawerk
We have seen several
explanations for the financial crisis and
its lingering effects depressing our global
economy in its aftermath. Some are plain
stupid, such as greed for some reason
suddenly overwhelmed people working within
finance, as if people in finance were not
greedy before 2007. Others try to explain it
through “liberalisation” which is almost
just as nonsensical as government regulators
never liberalised anything, but rather
allowed fraud, in polite company called
fractional reserve banking, to grow
The World Economy Is Stagnating Like It’s
A financial crisis sends the global
economy into recession. The U.S. government
responds with a fiscal and monetary
stimulus. Growth recovers, and unemployment
drops, but the debts and psychological scars
of the downturn linger.
Golden Reign drills 6.9 m of 14.45 g/t Au at
Golden Reign Resources Ltd. has released
final assay results from the now-completed,
combined metallurgical/infill drilling
program on its wholly owned San Albino gold
deposit, located in Nueva Segovia,
Nicaragua. (I am sticking to my forecast that the high-grade San Albino Gold Mine
will become the most important gold mine in
Nicaragua by the end of 2017)
Gold And Silver - Insanity Is World "Norm."
We know of no discernible line where stupid
begins; but for sure, it does not end.
are two primary reasons for the never-ending
goal of buying and holding physical gold and
Switzerland Withdraws Application To Join
EU: Only "Lunatics May Want To Join Now."
Resentment toward the EU hit
a new high yesterday when the upper house of
the Swiss parliament on Wednesday followed
footsteps of Iceland,
and voted to invalidate its 1992 application
to join the European Union, backing an
earlier decision by the lower house.
Money Velocity refers to the
velocity of money, which is the
frequency at which the average unit of
currency is used to purchase newly
domestically-produced goods and services
within a given time period. In other words,
it is the number of times one unit of
money is spent to buy goods and services
per unit of time. How can America be
in recovery when the velocity of money
continues to drop?
'X' Marks The Spot - Wages Started Losing
When The Dollar Delinked From Gold In 1971
One could of course comment on the actions
of that economic bedlamite, Richard Nixon –
but the chart speaks volumes:
Is it rational to hold a medium of exchange (US dollar)
that has lost 95% of its value since 1913?
Larry Myles Reports