The wonderful and loving group of monetary thieves at the Bank for International Settlement (BIS) have issued another warning about our global economy coming apart at the seams.
Over the past two weeks, ZeroHedge has chronicled another dramatic rise in the TED Spread. What does this mean and what might this portend for gold? Hmmm…those are excellent questions.
As an American, I hereby apologize to the world. If you thought the US Presidential Election was crazy thus far, you haven’t seen anything yet. Jason and I survey the political landscape and tie it into what’s going on with our economy and financial markets. – Eric Dubin
TND Editor’s Note: Philip Kennedy and I talked about the state of our financial markets and economy last week, as well as how the election cycle fits into the drama. We attempt to wrap our minds around how the “end game” will unfold.
The discussion about p/e ratios and other valuation ratios derived from Company-issued GAAP accounting financials is idiotic. The GAAP accounting allowances have been liberalized beyond a Bernie Sanders wet dream over the last 20 years. The p/e ratio at the peak of the tech bubble is completely different from the p/e ratio at the top of the 2007 stock bubble which is completely different then the p/e ratio now.
If 1999’s or 2007 GAAP standards were applied to today’s earnings, the P/E ratio on the S&P 500 would be at least as high as 65 p/e ratio registered in 2007. By several other metrics, most notably market cap/sales ratio, the current stock market is by far the most overvalued in history.
And that does analysis does not incorporate any adjustments for the fraud component of contemporary corporate accounting.
The S&P 500 and Dow are hitting all-time highs this week. This was triggered by the Ben Bernanke influenced Bank of Japan decision to engage in “helicopter money” activity in an attempt to stimulate economic activity. Notwithstanding the fact that Bernanke is likely the most destructive Central Banker in history, Japan’s decision will end in destruction of its currency. Maybe that’s what the NWO’ers are working toward achieving anyway.
TND Podcast Spotlight: Wall St For Main St
Jason Burack of Wall St for Main St interviewed returning guest, precious metals expert & paid consultant for the gold & silver mining industry, David Jensen. David is also a follower of Austrian School Economics.
Before they discuss David’s newest article, Jason first asks David about his opinion of the global economy through his Austrian School lens. David and Jason talk about the problems with Keynesian Economics and how Keynesianism and Monetarism have created enormous debt and economic problems the global economy can next longer handle.
Next, Jason asks David to discuss his newest article, which is available: click here.
Jason and David discuss gold and silver manipulation and the state of the gold and silver mining industry.
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TND VideoCast Spotlight: Deutsche Welle or DW is Germany’s international broadcaster. The following mini-doc covers the company’s travails. DW focuses on the point of view of employees, along with discussion about the condition of the company. To be perfectly blunt, DW doesn’t even scratch the surface when it comes to the financial rot that permeates Deutsche Bank’s books. Regardless, this looking glass into the perspectives of some of the bank’s employees makes the five minute clip worthy of spotlighting. – Eric Dubin, Managing Editor, The News Doctors
Silver Takes the Gold: Commodities Halftime Report 2016 By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Here we are at the halfway point of the year, less than two months away from the Rio 2016 Olympic Games. As a group, commodities are the top performing asset class, beating domestic equities, the U.S. dollar…
TND Exclusive: Eric Dubin
These are beautiful reversal moves. In the face of this level of buying interest, the cartel is failing to contain the tidal wave of paper gold and silver buying interest on the COMEX, while physical demand is also quite strong, worldwide, despite a temporary cooling of visible/reported purchases by the Chinese government.
We are in the end-game and it’s unfolding along the timeline I outlined in the 4th quarter of 2014. We are in a process decline for the standard equity markets that will indeed have a phase shift acceleration once the powers that be lose what they continue to maintain: the confidence of the men and women that manage the vast majority of money under management in the Western world. That amorphous amalgamation of capital is starting to move against the stewards of the US Dollar Paradigm and the financial system that grows out of it.
A great many “analysts” and pundits in the alternative asset community continue to get this overall phase shift timing totally incorrect because they don’t have a big enough multi-disciplinary-informed “color pallet” to paint an accurate picture. Thus, we have incorrect assessments of how the Greek Crisis timeline would unfold and serve as a delayed, contributing trigger versus crashing the market last summer. Same story with understanding how to place the walking dead Deutsche Bank into proper context. Deutsche Bank is not a “black swan,” but countless pundits continue to repeat that theme. Deutsche Bank is kindling on the funeral pyre of our hyper-financialized Western financial system.
This is just a TND Market Brief. Over the weekend, I’ll publish more detailed analysis. I will probably link that to the Silver Doctors podcast Doc and I record later today (look for that to be published by Saturday).
TND Podcast Spotlight: Wall Street For Main Street
Jason Burack of Wall St for Main St interviewed first time guest, Managing Director of Wind Rock Wealth Management http://windrockwealth.com/, Christopher Casey.
During this 30+ minute interview, Jason starts off by asking Chris about Brexit and if he thinks it’s good for freedom?
Chris says it’s too early to tell but that UK politicians, bureaucrats, central planners and Bank of England central bankers are good at screwing things up in the UK economy without help from the European Union (EU).
Jason and Chris talk about whether the economic and political elites expected the Brexit vote to turn out the way it did.
Next, Jason asks Chris how he found the Austrian School of Economics and why he likes it?
Chris talks about his background learning economics, reading books about economics and how after reading Milton Friedman he found a book from Mark Skousen called, Economics on Trial.
Jason and Chris discuss Austrian School Economics and why it’s good to learn and discuss Murray Rothbard’s book about the 1929 Great Depression.
Next, Jason asks Chris about stock market valuations and if it’s likely there’s a potential stock market crash in the next 6-12 months? Chris says there’s a high probability of a crash during that time period because valuations, especially using price to revenues, are at all time highs.
Jason then asks Chris about the rally in oil in 2016 and if it’s sustainable?
To wrap up the interview, Jason asks Chris about precious metals, the importance of diversification in one’s investment portfolio and whether as a money manager for clients he is worried about counter party risk and bail ins with potential bank failures on the horizon?
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