Hyperinflation

Hyperinflation Looms As 'Black Market' Egyptian Pound Crashes To Record Low

With all eyes on the drop in the British Pound, it is another 'pound' that is utterly collapsing. Despite its official exchange rate is 8.88 per dollar, Egypt’s pound dropped to 16.11 per dollar in the black market, another record that extends declines over the past month to 19% and down over 40% since it devalued in March.

"There Will Be Panic"

"We’ve been in the eye of the storm since then... and it’s a huge hurricane with a big eye... they’ve papered it over with trillion of currency units... Now, as we speak, we’re moving into the trailing edge and it’s going to be much worse, much longer lasting, and much different than the unpleasantness that we experienced back in 2008..."

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Six Impossible Things Before Breakfast

We live in an age when the level of deceit and propaganda is at an all-time high. Joseph Goebbels, Vladimir Lenin, and others did their best to force-feed propaganda to the masses, but they were rank amateurs compared to the spin doctors employed by the political leaders of today. They’re masters at convincing people of impossible things. Here are six impossible things that many seem to have little trouble accepting as reality.

An Unorthodox Solution To The World's Economic Problems

We currently face a monumental dilemma. How do we extract ourselves from all this excessive debt without crashing the world economy? It’s basically a “one time” get out of jail card for the world economy.

Why Socialism Is Here To Stay

“[T]he government has to take resources from someone before it can dole them out to others. This act of taking destroys an economy. The more you take from the productive members of society, the less productive they become. That’s the primary lesson of the history of socialism.”

Not Everyone Went Down With The Titanic

It’s one of the most dangerous myths most people believe... Boobus Americanus thinks cash he deposits into a bank is a personal asset he owns. But that’s not true. Once a deposit is made at the bank, it’s no longer your property. It’s the bank’s.

Dow 100,000? Marc Faber Warns: Central Banks "Will Monetize Everything... Introduce Socialism"

"...the madness in the present time may go on. In a manipulated market, it won’t end well... They could essentially monetize everything, and then you have state ownership. And through the central banking system, you introduce socialism and communism, which is state ownership of production and consumption. You would have that, yes, that they can do...I don’t think the central bankers are intelligent and smart enough to understand the consequences of their monetary policies at present."

GoldCore's picture

Gold consolidated after the gains of last week when gold rose 0.25% from $1324/oz to $1328.80/oz. Indeed, it was gold’s second consecutive weekly higher close which is bullish from a technical perspective. Markets being sentiment and momentum driven this could mean the recent correction is over as technical driven traders are likely to take signal from this and go long gold.

Is A VaR Shock Just Starting: Here Is The Checklist

It appears we have a disagreement between two JPMorgan analysts: while one, namely head quant Marco Kolanovic anticipates a significant deleveraging by quant and algo funds, JPM's fund flow guru is desperate to talk down the threat from a coordinated global selloff, and concludes that a VaR shock may not be imminent after all.

The Impoverishment Of The Masses

"There is something in the human psyche which denies economic truths. The explanation as to why free markets work is logical and simple to understand. The contrary evidence, that statist attempts to interfere with Adam Smith’s invisible hand always fail, is irrefutable. Yet the blame for failure is always laid at the door of capitalism. The few of us that persistently insist that right is not wrong and wrong is not right attempt a seemingly hopeless task of persuading the unwilling..."

The Greater Depression - Part 2: "Cinderella Man"

A victory by Hillary would be a victory for Wall Street, billionaire oligarchs, neo-con warmongers, propaganda media outlets, and corporate cronyism. A Trump victory would boost the morale of a middle class that has been abused, denigrated, belittled, ignored, and taken advantage of by the ruling class for decades. The hopes and dreams of millions are riding on a victory by the anti-Cinderella man. His popularity rides on a sea of rightful resentment, anger, and fury at how the average American has been screwed by the ruling class (both parties) for decades.