Blog Archives

Will Cash Always Be Trash, Or Will It One Day Be King?

When the phantom wealth evaporates and risk assets go bidless, cash will once again be king, for the simple reason there will be so little of it.

Occasionally it’s a good idea to step away from the daily grind to consider the larger issues we all face–for example, the future of the money we earn and the bits we invest in something we hope holds or increases its value.

At present, cash is trash: cash earns almost no yield, and in some countries it now earns a negative interest rate, meaning it costs you to park your cash in a bank.

Even cash equivalents such as one-year Treasury bonds pay almost nothing.

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Ain’t campaigning hell.

Boris Johnson connects with the working class as he starts his election campaign.Getsome

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Why we need Bitcoin despite its flaws

“In a potential future ‘cashless society’, I want Bitcoin to exist. I want something that feels roughly like electronic cash, something that can exist as a marginal counterpower outside the walled gardens of mainstream payments… And like coins, I expect Bitcoin will never become a dominant payment system. I expect it will, at most, account for 1 per cent of transactions. But that is fine. 1 per cent privacy is going to be a lifeline in any future world of 99 per cent bank surveillance.”

Read the full article here: Why we need Bitcoin despite its flaws

Russell Brand: “Come to trew era cafe – ask for StartCOIN scratch cards – then you can fund more trew news banners” @rustyrockets

Meet the Overseas Contingency Operations Account – Washington D.C.’s Crony Capitalist War Slush Fund

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Many people will read this post, and posts like it, and shrug their shoulders saying that there’s always going to be corruption. True; however, there are degrees of corruption. When empires such as the U.S. attain a certain level of corruption that reaches the point in which it becomes engrained within the fabric of society, and you couple that with zero accountability for the super rich and powerful, you have the ingredients for societal collapse. We are rapidly approaching this point, and I personally don’t think there’s any way to stop it.

With all that in mind, I want to introduce readers to the Overseas Contingency Operations (OCO) account, or what is being referred to as the “war slush fund.” You know something’s bad when even Crazy John McCain calls it a “gimmick.”

Read more here.

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Risk of ‘World War’ between NATO and Russia on Ukraine as Yemen Bombed

Risk of ‘World War’ between NATO and Russia on Ukraine as Yemen Bombed

MARKET UPDATE

- Gold looks set for second consecutive week of gains
- Japan’s QE fails – Returns to zero inflation
- ‘Master of the universe’ central bank speeches today
- ETF and COMEX holdings fall as gold flows East
- JP Morgan to be part of new gold ‘fix’
- Greeks pull €8 billion from banks
- “No one knows how to solve the situation in Greece”
- Bundesbank warns debt in euro zone has entered “danger zone”
- UK and Irish house prices are falling … again

Today’s AM fix was USD 1,198.00, EUR 1,106.70 and GBP 805.32 per ounce.
Yesterday’s AM fix was USD 1,209.40, EUR 1,097.26 and GBP 809.23per ounce.

Gold climbed 0.65 percent or $7.80 and closed at $1,203.40 an ounce yesterday, while silver rose 0.47 percent or $0.08 at $17.05 an ounce.

Gold in U.S. Dollars - 1 Week

In the end of day trading in Singapore, gold prices climbed 0.3 percent to $1,199.95 an ounce after reaching a high on Thursday of  $1,219.40. Gold surged  after news of the bombing in Yemen but prices were capped at the $1,220 level prior to a retracement of much of the initial gains.

Oil prices jumped over 6 percent at one stage and stock markets worldwide slumped yesterday after Saudi Arabia and allies carried out air strikes, which fueled worries internationally that global energy shipments may be put at risk. (more…)

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The ART & WAR Show – Episode 1 from @Bach_Peter Thanks to @startjoin and @start_coin

Congratulations to the Trews Awning Takeover project. You just received a free £250 top up. @rustyrockets

5000 @start_coin scratch cards have arrived. We will begin our 1.5 Million Coin giveaway soon! #thefundingrevolution. @rustyrockets @startjoin

Another Oligarch Preaches to the Peasants – Charlie Munger Says “Prepare for Harder World”

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There’s a staggering amount of offensiveness in so few words. First off, he says that: “We should all be prepared for adjusting to a world that is harder.” Who is included in the word “all” here. Certainly not his fellow oligarchs, who already bailed themselves out in incredible fashion and have been spending the years since protecting themselves from the horrible future they’ve created. No, he is speaking to the masses, the plebs, the serfs, the peasants, the ruled. He is telling them tough luck, just try to avoid cannibalism in the future. Meanwhile, if you get close to my castle I’ll have you shot down like a dog on the spot.

Read more here.

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.@rustyrockets – The S*n fuming about this Trews sign and bullying newsagent. #OccupyMurdoch #JFT96

What Will End the 34-Year US Treasury Bond Bull Market?

U.S. Treasury bonds (10-year and 30-year) topped out above 15% in late 1981, and have traced a sawtooth pattern down ever since. The 10-year bond now yields 1.92% and the 30-year yields 2.51%.

Daily Treasury Yield Curve Rates.

Correspondent Mark G. recently asked a question that is on many minds: what might finally produce an end to the 34-year US Treasury Bond bull market? Here is Mark’s commentary on the question:

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