Leges sine moribus vanae
not only is are banks shorting gold to create a buying opportunity. they are also making harder for gold mines to profit. eventually works will stop, the metals will stop and all the gold and silver above ground will disappear into oblivion.
This is where buying a gun and ammo will come in handy folks.
His name is Edward Snowden
What is Capitalism?
"Isn't it DEFLATION, Peter?" This guy and Mish and others love to hate on anyone warning about INFLATION. The Fed creates trillions out of thin air, and yet they're saying inflation is not a threat. Amazing. Don't they see what's going on? The money's pouring into the stock market!
Every week, the Fed buys $20 billion in bonds, and the sellers take that fresh money and buy stocks! The stock sellers take that money and put into more stocks, while their brokers collect massive fees. JP Morgan ALONE has $500 billion in deposits. FIVE HUNDRED BILLION in one bank. That's a lot of cash doing nothing! What about the SIX HUNDRED BILLIONS in our trade deficit? That's equal to a year's worth of QE. Suckers in China are eating our inflation.
Deflation exists because banks are not lending and buisnesses cannot put money where its needed, into capital projects and salaries. That's not changing with all the QE.
What happens when the dollar collapses and the stock market, the bank vaults, and the Chinese won't absorb all that cash anymore, and instead pour it into commodities?
October 1923, my friends.
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
i dont know where you live but here in ohio you cant find a bank that isnt trying to give away loans.
and superior credit in North Texas.
Connecticut. My boss couldn't get any bank to loan him money, something he never had a problem doing before 2008. He had to go to the loan sharks, otherwise known as Venture Capital firms. They took a buzz saw to our personnel and sold off our productive machinery to get a quick turnaround as "proof" of our good faith. We're downsizing again as we cannot build revenue fast enough for the "partners'" liking. Cost cutting comes before production. When all costs are cut, along with a few veins, then they'll be happy, but not until they pull their five mil out with a 25% return in five years. Or was it four?
Anyway, banks have given up on waiting for returns from small to medium sized businesses. Playing f'in roulette in the stock market is much more profitable, especially if its with someon else's money and all they risk is ruining a customer and not getting further fees and commissions.
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