[KR1037] Keiser Report: Greek Final Reckoning

We discuss Greece hurtling towards a final reckoning. In the second half, Max interviews journalist and author, Tim Shorrock, about what exactly is happening in the Korean Peninsula as Kim Jong-un assassinates his half-brother while, in the US, Trump takes control of the global hegemonic power.


Those Systems That Aren’t Busy Being Born Are Busy Dying

One way to understand the rising sense of disintegration and discord around the globe is to realize that those systems that aren’t busy being born are busy dying–and virtually none of our primary systems are busy being born.

The line is from Bob Dylan’s song It’s Alright, Ma (I’m Only Bleeding): “he not busy being born is busy dying.”

What does busy being born mean? For both individuals and systems, it means adapting by advancing understanding, flexibility and capabilities.

Systems that are dying are rigid, mal-adapted, resistant to change, obsessed with obscuring their failure and retaining their grip on cronyist privilege and power. Big Pharma: dying. Banking: dying. Governance, a.k.a. political processes: dying. Enforced consensus: dying.

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Oscars Debacle – Movies More Costly As Dollar Devalued

  • Cost of Best Picture winners show very significant devaluation of the dollar
  • Average cost to make an Oscar winning film is over $43 million – in gold terms, this is over 106,000 ounces
  • Four $15 million films show nearly 100% difference when priced in gold ounces
  • Oscar fiasco was courtesy of error by accountants PWC
  • Whilst the price of the films remained the same, the cost in gold ounces fell from 11.53% of the cost to make the Departed, in 2009 to just 6.4% in 2012
  • In an error prone, irrational and volatile world, gold retains value over time …

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The Oscars – the drama of the dollar

Oscars night seemingly sent Warren Beatty and Faye Dunaway a bit La La as they declared the wrong film the winner of the Best Picture Award at the Oscars, last night.

Instead of announcing ‘Moonlight’ as the winner of the industry’s highest accolade, they read out ‘La La Land’. Cue a few awkward moments, no doubt some heads rolling behind the scenes of the Dolby Theatre and a Daily Mail headline of ‘FAKE OSCARS FIASCO.’

Which it wasn’t really, just a bit odd after a very slick night.

Moonlight was the story of a man who grows up unsure and occasionally uncomfortable about who he is. La La Land is a musical love story about a couple trying to make it in LA – a city known for destroying hopes and throwing many hopefuls to the wayside. Both narratives are not unfamiliar to the world in which we find ourselves. Unfortunately our world is not a fantasy and will certainly not be done with our attentions in just over two hours.

When we wrote about the Oscars last week, we asked if they were Worth Their Weight in Gold and concluded that whilst we might dream in gold just like the glitterati, perhaps gold bullion would be a better investment for most of us. We showed that the price of gold has climbed 60 times ever since the first ceremony in 1929, a sobering example of the devaluation of fiat currencies in the last 88 years.

Whilst we think the devaluation of the dollar, and the maintained value of gold is the lesson to take away, there are a number of different lessons actors, directors and studios would like the critics and viewers to believe they can draw from their masterpieces. For some this is about the big bucks and box office numbers, and how they can make or break a film.

We agree, today there a few examples around that really show how little value the dollar carries.

Now that we are on the other side of the most 89th Academy Awards we take a look at what we can learn from last night’s behemoth that was the Oscars and the films that they work to honour.

Cost of making Best Picture

 In the last twenty years, the average cost to make an Oscar winning film is over $43 million. In gold terms it is over 106,000 ounces.

The above graph doesn’t mean very much though, just that the cost of films go up and down, no matter what currency you decide to price it in.

In the decade of the financial crisis, this has come down somewhat and the average is more like $27 million, or 29,600 ounces. This statistic alone shows you how the dollar is falling in real value. Whilst the average cost in US Dollars to make a winning film is 60% in the last decade, compared to the average in the last 20 years, it is just 27% of the 20 year average when priced in gold ounces.

When you rebase to 100, using 2007 as the base year, then you begin to see some interesting results. Conveniently, Martin Scorcese’s 2007 The Departed is the most expensive Best Picture film in the last decade, cost ing $90 million. This was equal to just over 150,000 ounces of gold. No film since then has cost as much. Lincoln was close, costing just 72% of the price of Scorcese’s epic gangster film, but interestingly when priced in gold it cost just 26% percent of the Departed’s gold budget, with 39,000 ounces needed to fund the biopic.

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The $15 million question

Perhaps as a sign of the times, Best Picture winners have been getting cheaper in recent years. Moonlight cost just $5 million to make, the lowest price for a winning film in at least two decades. It was also the cheapest in terms of gold ounces, costing just 3,997 ounces.

Read full story here…

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Call GoldCore and speak with a Gold and Silver Specialist today!


Apptrade is about to Disrupt the App Economy with Blockchains and Billions

Initial Token Offering Apptrade

Bitcoin IRA: Initiating Coverage of APPX (Apptrade)

ITO: Apptrade

Read the rest of the 12 page report for HERE


The Cartel’s BIGGEST FEAR

As Gold and Silver Burn Higher,
Fund Manager Dave Kranzler Reveals The Cartel’s BIGGEST FEAR: 

 


Click Here For Full Coverage:

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It’s Bubble Time: Wisdom & discipline will separate winners from victims

We are now living under the biggest financial asset bubble in history.

Make no mistake, though; when this bubble bursts, it is going to be unimaginably destructive. So it’s critically important at this time to be able to recognize the risks and position yourself and your wealth accordingly.

Click here to read the full article


It’s Truth About Markets Time: Trump, May, Brexit ….

Trump, May, Brexit . . . please note the use of commas. 😀

To download the show, click image below.

Truth About Markets time!

For more download and listening options, visit Archive dot org


Trump’s Policies Are Authoritarian, Not Populist

Trump and his spokespeople recently have made their opinions known on a variety of issues on which I hold strong beliefs. The three I will focus on today are: 1) Civil Asset Forfeiture. 2) Private Prisons. 3) Legalization of Recreational Marijuana. On all three of these issues, Trump has taken an authoritarian, unethical and quite unpopular position. Rather than challenge the oligarchs who’ve run this country into the ground, he’s appointed them to be his top advisors. Now he wants to make life increasingly unfree and miserable for average Americans. Not a very populist agenda.

Read the rest here.

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How Do We Design a DeGrowth Economy?

I’ve written about DeGrowth for many years, including Degrowth, Anti-Consumerism and Peak Consumption (May 9, 2013), Degrowth Solutions: Half-Farmer, Half-X (July 19, 2014) and And the Next Big Thing Is … Degrowth? (April 7, 2014)

These are the basic concepts of Degrowth:

1. Consumerism is psychological/ spiritual junk food (French: malbouffe) that actively reduces well-being (bien-etre) rather than increases it.

2. Better rather than more: well-being is increased by everything that cannot be commoditized by a market economy or financialized by a cartel-state financial machine– friendship, family, community, self-cultivation. The goal of economic and social growth should be better, not more. On a national scale, the cancerous-growth measured by gross domestic product (GDP) should be replaced with gross domestic happiness/ gross national happiness (GNH).

3. A recognition that resources are not infinite, despite claims to the contrary. For one example of many: China Is Plundering the Planet’s Seas (The Atlantic). Indeed, all the evidence suggests that access to cheap energy only speeds up the depletion and despoliation of every other resource.

4. The unsustainability of consumerist “growth” that’s dependent on resource depletion funded by financialization (i.e. the endless expansion of credit and phantom collateral). (This is covered in greater depth in my short book Why Our Status Quo Failed and Is Beyond Reform.)

5. The diminishing returns on private consumption and “bridges to nowhere” (crony-capitalist public consumption).

6. The failure of neoliberal capitalism and communism alike in their pursuit of growth at any cost.

Degrowth is heresy in what John Michael Greer calls the religion of progress (i.e. growth).

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Gold Up 9% YTD – 4th Higher Weekly Close and Breaks Resistance At $1,250/oz

  • Gold up 1.5% in euros and dollars this week
  • Silver up 1.4% this week and now up 14.3% and is the best performing market YTD
  • Gold up 9% year to date – fourth consecutive higher weekly close and breaks resistance at $1,250/oz
  • Gold up 9.4% in euros year to date as Le Pen’s lead in polls widened
  • Gold up another 6.4% in sterling pounds year to date as ‘Hard Brexit’ looms
  • French and Dutch elections pose risks to Eurozone itself and the entire European Union project
  • Euro contagion risk on renewed concerns this week about new debt crisis due to extremely high public debt and very fragile banks in Greece, Italy and Portugal

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Gold pushed to near a four month high amid heightened political uncertainty in the U.S. and the EU this morning.

Gold rose another  $6.40, or 0.5%, to $1,258 an ounce and is currently set for a 1.5% gain this week. It is higher for a second day today and looks set for a fourth consecutive week of gains which is positive from a technical and momentum perspective.

All precious metals have made gains, gold, silver, platinum and palladium, as both the euro and the dollar weakened.

Silver jumped another 1% to $18.25 an ounce. Silver was set for a weekly gain of 1.3%, a ninth straight week of advances and is now 14.3% higher year to date. The best performing market in the world.

Geo-political worries and political concerns in the EU continue which is leading a flight to safety bid in gold futures market and gold exchange traded funds (ETFs) and demand for safe haven gold bullion.

The dollar looks vulnerable due to the uncertainty about US President Donald Trump and the new U.S. administration’s policies. Overnight Trump attacked China and accused the Chinese of being ‘grand champions’ of currency manipulation (see gold news below).

This alone is quite bullish for gold. It does not create confidence about trade relations between the world’s two biggest economies and it suggests that we may be about to embark on the next phase of the global currency wars.

Reduced expectations of a US rate hike in March following the release of the minutes from the US Federal Reserve’s last meeting are also helping gold.

Read full story here…

Interested in learning more about physical gold and silver?
Call GoldCore and speak with a Gold and Silver Specialist today!


Trump’s Controversy Could Unleash Uncertainties of Epic Proportions on the Global Economy

Could Unleash Uncertainties of Epic Proportions -min

President Donald Trump’s words, actions, and inactions can move the market – the Trump effect already moves stocks, commodities, forex, and the general economy. The Trump effect is understandable based on the fact that Trump wields huge power as the President of the United States. However, the Trump effect is being amplified in the socio-political, economic, and financial landscapes because Trump seems to thrive on controversy.

In the buildup to the 2016 elections, Trump was a constant feature in news headlines for the most controversial statements. During the campaigns, Trump made some ‘unconventional’ promises that the mass media, his critics, and political elites often dismissed as the ramblings of someone that doesn’t understand the workings of government. However, since taking the Oath of Office on January 20, Trump has set in motion the mechanisms to actualize many of his campaign promises.

Now, economists are scared that Trump could usher in a wave of uncertainty of epic proportions in the global economic and geopolitical landscapes. This post provides insights into some of the reasons economist are worried about how the global economy might fare under Trump.

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Could Rising Interest Rates Be Good for U.S. Treasury ETFs?

Could Rising Interest Rates Be Good for U.S. Treasury ETF

A rising interest rate environment could be difficult for some bond investors. Assuming everything else remains stagnant, when interest rates rise, bond prices tend to fall, and the opposite is true. Consequently, a bond exchange-traded fund (ETF) or bond portfolios could experience volatility when interest rates are moving. On February 14, 2017, U.S. Treasury ETFs, such as the iShares 20+ Year Treasury Bond ETF (TLT) fell due to Federal Reserve Chair Janet Yellen’s comments in her speech, indicating that the Federal Open Market Committee (FOMC) was open to interest rate hikes.

According to Fed Chair Yellen, “At our upcoming meetings, the Committee will evaluate whether employment and inflation are continuing to evolve in line with these expectations, in which case a further adjustment of the federal funds rate would likely be appropriate.” Read more ›