that “action” is front running the crash…

Until today, G&S wouldn’t break…we could get 2 or 3 straight days of liquidation…

I was wrong…I said that in the next crash G&S would not repeat the wipeout of 2008…

Yesterdays little attempt to put on a happy face in the U.S. stock market…and the all day long talk on the financial

channels that Greece was of no real importance…were a jolly good try at keeping a stiff upper lip…

THERE’S Your Hyperinflation!

Yield Purchasing Power (YPP) shows how much you can buy, not with a dollar of cash, but with the earnings on a dollar of productive capital.

by Keith Weiner

Previously, I compared two archetypal retirees. Clarence retired with $100,000 in 1979, and Larry retired with $1,000,000 in 2014. Clarence was able to earn 2/3 of the median income in interest on his savings. Larry was nowhere near that. He would need over $100 million to do the same. In 35 years, the YPP of a 3-month CD fell more than 1,000-fold.

The collapse in YPP suggests an analogy to hyperinflation. Look at how much capital you need to support a middle class lifestyle. Measured in dollars, the dollar price of this capital is skyrocketing.

And yet, all is not well in the realm of the central banks. Krugman may be right about prices, but nothing is wonderful. The economic downturn, which began in 2008, has been so bad that central banks persist in their unprecedented monetary policies. So if purchasing power isn’t collapsing, where can one find evidence of the problem?

Yield Purchasing Power (YPP) shows how much you can buy, not with a dollar of cash, but with the earnings on a dollar of productive capital. No one wants to spend their life savings or inheritance. People are happy to spend their income, but not their savings.

To come back to the analogy of the family farm, people should think in terms of how much food it can grow, not how much food they can buy by selling the farm. The tractor
is good for producing food, not to be exchanged for it. Why, then, do people think of the purchasing power of their life savings, in terms of its liquidation value?

If they want to live long and prosper, they should think of their yield purchasing power. Their hard-earned assets should provide income. And it is here, that hyperinflation has set in.

Previously, I compared two archetypal retirees. Clarence retired with $100,000 in 1979, and Larry retired with $1,000,000 in 2014. Clarence was able to earn 2/3 of the median income in interest on his savings. Larry was nowhere near that. He would need over $100 million to do the same. In 35 years, the YPP of a 3-month CD fell more than 1,000-fold.

The collapse in YPP suggests an analogy to hyperinflation. Look at how much capital you need to support a middle class lifestyle. Measured in dollars, the dollar price of this capital is skyrocketing.

This skyrocketing price of capital has the same effect as hyperinflation: it undermines savings and causes people to eat themselves out of house and home.

What does this mean for anyone with less than what they need to support themselves—$100M and rising? They must liquidate their capital, and live by consuming their savings. It’s terrifying to anyone in that position—which means anyone in the middle class.

This problem is not well understood, because it masquerades as rising asset prices. The first tractor to go to the block fetched $1,000. The second went for $2,000. The farmland may fetch a few million. Everyone loves rising asset prices, and so in their greed and euphoria they miss the point.

This article is from Keith Weiner’s weekly column, called The Gold Standard, at the Swiss National Bank and Swiss Franc Blog SNBCHF.com.

No man or woman would or could suggest this is good leadership to the nation. I could share other words which would also describe this person. I digress.

Buygold,
To reiterate, the system controls the majority of the markets/news/governmental bodies globally today. Regarding platinum I will buy today again and general average over these summer months. I hold no equity stocks, only pm and cash. This is my view.
Until the day comes when a black swan “event” occurs ….their system is exposed…this could continue till it does not. There are great men who believe in the PM’s historical accountability. There are another group who does not and wishes world domination.
Do not despair….continue to believe and prepare. It is summer…winter is coming….in more versions of the term ………winter.

Controversial bill would block state and local laws requiring the labeling genetically engineered foods

A fierce food fight has erupted in Congress over the labeling of genetically engineered foods.

At the center of the conflict is a bill sponsored by Republican Rep. Mike Pompeo of Kansas that would block state and local laws from requiring food labels to disclose genetically engineered ingredients.

Republican Rep. Mike Pompeo of Kansas has sponsored a bill that would block states from requiring food labels to disclose genetically modified ingredients in favor of a voluntary labeling system overseen by the federal government.

So far, three states – Vermont, Connecticut and Maine – have passed mandatory labeling laws for genetically modified food. At least fifteen other states are considering similar regulations.

Pompeo’s “Safe and Accurate Food Labeling Act” would nix those laws and instead set up a voluntary nationwide labeling system overseen by the federal government.

Read more here: http://www.mcclatchydc.com/news/nation-world/national/article26573356.html#storylink=cpy

Storm Clouds are brewing on the horizon! We can
keep ahead of it on the Gold Train!
http://www.railpictures.net/viewphoto.php?id=537346

the lemmings jump into USD’s and UST’s at a time of crisis.

as usual, pm’s get dumped for no reason

Just once I’d love to see the mother of all comebacks on a day when they throw the kitchen sink at G & S

You know, just dump it all at once. Surely this will get a good price. Again obviously no one smart would ever do this, so it’s obviously the government or a bank that does this. If this ins’t manipulation, WTH is it?

Silver Wheaton Remains Confident in Business Structure Following Receipt of CRA Proposal Letter

http://finance.yahoo.com/news/silver-wheaton-remains-confident-business-035000353.html

Timmins Gold Commences Underground Pilot Phase at its San Francisco Mine

http://finance.yahoo.com/news/timmins-gold-commences-underground-pilot-100000858.html

Claude Produces 20,619 Ounces of Gold in Q2 and Increases 2015 Gold Production Guidance

http://finance.yahoo.com/news/claude-produces-20-619-ounces-110000309.html

Comstock Mining Announces Preliminary Second Quarter 2015 Results

http://finance.yahoo.com/news/comstock-mining-announces-preliminary-second-120100087.html

Zambia aims to cut power to mines by up to 30 pct-sources

http://finance.yahoo.com/news/zambia-aims-cut-power-mines-123523049.html

Silver Bear Announces Maiden Mineral Resource Estimate for Additional Deposits at the Mangazeisky Silver Project, Yakutia, Russia

http://finance.yahoo.com/news/silver-bear-announces-maiden-mineral-125214176.html

Silver getting crushed.

How come margin calls only happen in pm’s?

Gold & Silver Slammed On Massive Volume As Margin Calls Mount

This quote from Jesses Cafe Americano

”

The Best Silver Stock You’ve Never Heard Of

Ray Dalio is one of the best stock-pickers around.

In 1975, he founded Bridgewater Associates. Over the next four decades, Dalio went on to generate double-digit compounded returns for his investors, turning his Connecticut-based firm into one of the largest hedge funds in the world.

For this reason, I always pay close attention to what stocks Dalio is buying. And right now, he’s making some interesting bets in the mining industry.

In a recent 13-F SEC filing, Dalio disclosed a 463,000 share position in precious metals giant Silver Wheaton Corp. (NYSE/SLW). What makes this company interesting is that it doesn’t actually own or operate any mines at all. Instead, you could think of Silver Wheaton like the banker of the mining industry. (Source: Bridgewater Associates 13-F Filing, last accessed July 5, 2015.)”

He never gets down and dirty, even though he has to deal with insects.