Why The Fed Needs To Defend Its Inflation Target
Happy to have John Rubino, Co-Author of The Money Bubble and Founder of DollarCollapse.com back on the show. We discuss the lunacy of the Fed having a stated inflation target and why it is defended.
Click here to visit John’s website.
Click download link to listen on this device: Download Show
“…new technology like blockchain or electronic currencies can be used to improve” global payments, and added that Ripple’s technology is “promising” as they work with regulators.
Helicopter Uncle Ben……..proclaims………………
Ripple is banking system generated crypto…….Of course Bernanke will be pro.
The propaganda on Ripple:
https://bitcointalk.org/index.php?topic=1752760.0
The only Ripple I ever feast on: https://www.youtube.com/watch?v=lVdTQ3OPtGY&feature=related
Beware the double forked tongue of Ben Shalom Bernanke and the revolving door from the Fed to the Brookings Institute. (Money Changer path of least resistance)
Next of course to the University system. Soon to be home of Hillary Clinton
Ben the cryptomanic………..hope he gets his whiskers caught in the revolving door…
Just by Bernanke endorsing it, the well informed will avoid it in droves. Same thing as JPM.
The gig is up. It’s just going to take some time to play out.
Ripple going a lot higher…….the delusional minds will be attracted to the whisker wizard knowledge of the all knowing eye…………
+1 for Jerry.
Ripple has a circulating supply of 38 billion coins, but eventually will have 100 billion, AND if I remember the original ripple.com/blog discussions back in 2014 there was no guarantee that would not be increased, just like any central bank does to fiat.
For the record CFS. I think your approach to the Cryptos makes the most sense.
You will also note that I refer to CFS as the resident Crypto genius and not myself because I know you understand the cryptos better than most. Including myself. That being said I still think Bitcoin will be able to evolve to meet all the challenges that will be presented in the future.
Just my 2 cents.
Crypto Genius ……….and Crypto Guru………
Thanks for the compliment.
Casey, Rule and Sprott, Lundin talking panel
Oops! I posted this down below because I saw the Sprott conversation and didn’t realize that was the link you had already posted. Anyways, and interesting chat.
Gold drops back below 1300, obviously conclusive proof the most accurate PM analyst ever is correct, Mr Dent.
The positive for gold bugs is that he has raised his projection to $700 from $400.
This is excellent news.
On the crypto side, Russia is creating their own if people hadnt heard yet.
The blockchain teck (hive) seems to be holding, for people that are a little upset missing bitcoin.
Probly all a big bubble about to pop tho.
Nice to get some novo news.
Yep……..heard that one Russia……..
$1306 in Shanghai.
The next 6 weeks should be fun as gold and miners get hammered and the Dow sails past 23,000. There won’t be a >2% correction until Dow hits 25,000.
Sprott developing a gold exchangeable crypto……..details to be given at New Orleans Conference later this month.
CFS:
Do Mr Sprott have any other Choice?
Does
gold going nowhere, and the sprott team will suck off the profits…….
2017 Gold Panel | Rick Rule, Doug Casey, Nick Hodge, Brien Lundin
In anticipation of the 2017 New Orleans Investment Conference, Rick Rule assembled a distinguished panel to discuss the state of the gold market and opportunities in mining stocks.
in other words..same as ever.
Ira’s metals:
Copper Breaks Out, Ethereum Poised
by @Goldfinger on October 16, 2017
https://ceo.ca/@goldfinger/copper-breaks-out-ethereum-poised
Here’s another new Blockchain company expanding its reach to Australia:
Global Blockchain Technologies Corp. Announces Commencement of Australian Listing
by @newsfile on October 15, 2017
https://ceo.ca/@newsfile/global-blockchain-technologies-corp-announcescommencement
JPMorgan launches payments network using blockchain technology
Reuters Staff – October16, 2017
this is old news I think……….
Some of these banks have been working on this since. ….2015
even as far back as 2011…….
Possibly. I haven’t followed it that closely. This story on Reuters just broke this morning.
As mentioned over the weekend, the blockchain technology will enable new processing of data and secure transactions in a way that many different companies will be able to utilize. The thing is that there are many new blockchain providers or platforms starting up, or businesses utilizing blockchain, but not all of them will work out.
This is completely separate from the discussion on cryptocurrencies, even though many cryptos are utilizing blockchain technology.
It is just an interesting business development in the tech sector to keep tabs on and since hardly anyone wants to discuss mining stocks these days, I figured I’d put up a few articles that caught my eye.
I posted today about Lithium under The Corvus Link from yesterday.
The Lithium majors and some of the top tier companies have been providing consistent gains.
Even some of the smaller explorers have provided stellar gains. Take Rock Tech Lithium up 459%. I really am kicking myself over this one because instead of taking the leader in the hard Rock Explorer,I invested in the second best using my stupid contractor mentality.I really like Lithium here.I think investors have been missing the boat and focusing to much on Gold and Silver.
JohnK – The Lithium Miners were some of my better performing stocks so far in 2017.
I hold Galaxy Resources, Pilbara Minerals, Lithium Americas, and Nemaska Minerals at present and have considered getting back into Orocobre and Neometals.
There are other investors I follow that have won big with AVZ Minerals or Wealth Minerals this year as well.
I trimmed back some of my Lithium stocks recently to be able to redeploy and rebalance some funds into the PMs and Base Metals stocks, but that is the beauty of diversification.
speaking of taking chips off the table to rebalance…..
3 Actionable Junior Mining Stock Charts (GTT, NVO, WML)
by @Goldfinger on October 16, 2017
https://ceo.ca/@goldfinger/3-actionable-junior-mining-stock-charts
Nice Shad:
Galaxy has been a good one. For some reason why I don’t know,the turn in the Aussies started around the 1st of September.Altura ALTAF has been steadily climbing since the 1st of September also.
In the Nevada Brine Cypress just did a PP for 1.4 million and the stock gained 42% last week .
I’m watching them and will know more after Friday when I do the recap.
Another one that is getting traction that has exposure to Nevada is Zimtu Capital. Zimtu has shares in many companies and I really don’t know much about them other than they have had three weeks of consistent gains.Last week they gained 19%.
I have your USA in the Zinc space and it has been a solid performer even with the lull in Silver.
For me I mostly follow the drill bit and watch for movement in the stock prior to results.
It’s been hard to watch certain companies make consistent gains and not have the funds to invest.Right now I am working on consistency more so than finding the multi baggers.Sometimes I wonder what I was thinking when I decided to quit my job and do this full time.
Yeah I’ve been watching Altura for a while but some Lithium bugs advised passing on it when I asked them about it, along with Bacanora, Dajin Resources, and International Lithium corp (who now has a JV with that large Asisan consortium Ganfeng). Some of the penny flippers over at ceo.ca have also been animated by MGX Minerals (doing lithium extraction from old oil/gas wells) and NRG metals now aligned with a Chinese chemical company.
One other company I gave serious consideration to was Critical Elements, but it is a bit bloated at this point and some didn’t like their economic study that came out.
It really is crazy because there are over 100 Lithium companies now, although some are already starting to jump ship into yet other commodities. I’ve been a broken record on this the last few years that, in the end, the world doesn’t need 100 or 50 or even 20 Lithium companies. There really is only room for about a dozen and that is why I stuck with the most advanced companies that were on track to make it to production and so far since investing in the space that’s been my focus.
Back in 2012 I was in Talison (the first Lithium only producer) outside of the big 3 before it was taken private and became Greenbrushes in Australia [owned by Tiangqui]. I was actually in Galaxy back in 2012 when they build their state of the art battery plant, which processed Talison’s material, but they had a money pinch, a death right after flicking on the switch, and ended up selling the plant to buy Lithium One instead. Back then I was also in Western Lithium, who became Lithium Americas through merging in the quiet period before the recent surge the last 2 years.
Anyway, I said the producers were real companies and would still be around a few years later we’ve seen Talison, Orocobre, Galaxy, and Neometals/Ganfeng/Mineral Resources all make it to production….. and yep…. they’re still around and thriving. Lithium Americas, Pilbara, and Nemaska are next up to bat and they’ve done great as well. Lithium is a sector where I do want “best of class” because I still feel most of the companies are just marketing fluff.
As for Zinc there are number of companies I like, but yes, USA/USAS is like a hybrid company where as they ramp up San Rafael they are really focused more so on Zinc/Lead this year than the Silver, which makes sense due to how the metals are currently priced and they are saving their higher grade Silver stopes for a year or two out. Still in 2017 their guidance was 2-2.5 million ounces of Silver, and 3 million Silver equivalent ounces from Zinc/Lead/some Copper.
I also haven’t forgotten where their valuation was before the reverse split so they can easily rise 4-10 times from current valuations. I won’t be surprised at all if they are in the double digits 2-3 years out.
Decentralizing Everything with Ethereum’s Vitalik Buterin
Disrupt SF 2017 – “AngelList’s Naval Ravikant brings Ethereum’s Vitalik Buterin onstage to explain what it is and why it’s useful.”
Snoop Dog Gone Wild………for cryptomanic govt, ….and Jamie D. is nuttier than a fruit cake., heck, he might even be a fruitcake………………jmo
Yes sir…. I heard Jamie D. was trying to corner the market on fruitcake.
He’ll be doing an ICO (Initial Cake Offering) soon. “Let them eat cake!” 🙂
You heard what happened to the last couple who said that………. 🙂
😮
2176423 Ontario Ltd. Announces Investment in Jaguar Mining Inc. (JAG) (JAGGF)
(Newsfile Corp. – October 16, 2017) – 2176423 Ontario Ltd. announces that today it purchased 5,000,000 common shares of Jaguar Mining Inc. pursuant to a private agreement at a price of $0.27 per Share for total consideration of $1,350,000. 2176423 Ontario Ltd. is beneficially owned by Eric Sprott.”
“The 5,000,000 Shares represent approximately 1.5% of the issued and outstanding Shares of Jaguar on a non-diluted basis. These Shares, together with the 2,000,000 Shares previously acquired by 2176423 Ontario Ltd. since June 15, 2017 being the date of its last early warning report, represent approximately 2.2% of the outstanding Shares. As of the date hereof, after giving effect to this acquisition, Mr. Sprott will hold directly and indirectly 71,300,596 Shares (approximately 21.9% of the outstanding Shares). Prior to the date hereof, Mr. Sprott beneficially owned 66,300,596 Shares representing approximately 20.4% of the issued and outstanding Shares on a non-diluted basis.”
https://ceo.ca/@newsfile/2176423-ontario-ltd-announces-investment-in-jaguar
Yep. Jag was at $.24 on the spike down low in August (where I started adding more) and it is already quietly up 50% in the last month closing today at $.36.
Not too shabby!
I expect (JAG) to get up in the $1- $2 range next year. (providing metals prices are higher, their exploration keeps hitting, and costs keep improving).
Certainly would be worthy of consideration……….jmo
Rockhaven drills 2.63 m of 94.09 g/t Au at Klaza
2017-10-16 08:49 ET – News Release
Mr. Matthew Turner reports
ROCKHAVEN RESOURCES LTD. INTERSECTS 94.09 G/T GOLD AND 545 G/T SILVER OVER 2.63 M AND 17.80 G/T GOLD AND 257 G/T SILVER OVER 6.54 M AT KLAZA PROJECT, YUKON
Rockhaven Resources Ltd. has released assay results for an additional seven diamond drill holes from the 2017 exploration program at its 100-per-cent-owned Klaza gold-silver property, located in the Dawson Range gold belt of southern Yukon.
Ascot drills 12.5 m of 8.04 g/t Au at Northern Lights
2017-10-16 09:08 ET – News Release
Mr. Derek White reports
ASCOT RESOURCES CONTINUES TO INTERSECT HIGHGRADE AT NORTHERN LIGHTS
Ascot Resources Ltd.’s Premier property covers more than 100 square kilometres near the town of Stewart in northwest British Columbia.
Thanks CFS. Those are some good drill hits for Rockhaven and Ascot. Strategic Metals has a nice position in Rockhaven, but I have considered Ascot in the past.
At present I’m just all stocked up on Silver companies with 15 in my portfolio, and a half dozen more I’m considering. For now, I’m just holding what I got (but there are 2-4 I may swap out down the road depending on how things play out).
October 16, 2017 – Red Eagle Exploration Limited (TSX-V: XR) (“XR”) is pleased to announce its new listing on the OTCQB market where shares began trading on October 12, 2017 under the symbol XRELF.
About Red Eagle Exploration, XR is a precious metals exploration and development corporation majority owned by gold producer Red Eagle Mining Corporation. XR has an experienced exploration and mine development team focused on building shareholder value through acquiring and de-risking high grade gold and silver projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. XR owns 100% of the Vetas Gold, California Gold and Santa Ana Silver projects, which consist of numerous historic and existing mines and where exploration is continuing.
I’ve had to average down in Red Eagle Mining since they had fallout a few months back from the new mining method where they are doing paste and fill and had to develop the paste plant. They’ll have things up and running again soon though, and I still believe they have tons of exploration potential on their property, beyond their controlling interest in (XR) Red Eagle Exploration
Thanks for giving us some “targets”. Appreciate it.
? Takeover for Cardinal Resources?
Lots more insider buying:
Filings by Transaction DateFilings by Filing DateFilings by InsiderMarkerCompetitors
Amended Filing Amended Filing As of 11:59pm ET October 15th, 2017
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Oct 13/17 Oct 11/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 5,000,000
Oct 13/17 Oct 11/17 Gold Fields Limited Indirect Ownership Common Shares 10 – Acquisition in the public market 8,279,729 $0.750
Sep 28/17 Sep 25/17 Gold Fields Limited Indirect Ownership Common Shares 10 – Acquisition in the public market 21,333 $0.674
Sep 28/17 Sep 22/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 2,000,000 $0.530
Sep 28/17 Sep 22/17 Gold Fields Limited Indirect Ownership Common Shares 10 – Acquisition in the public market 5,000,000 $0.680
Sep 28/17 Sep 12/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 33,000 $0.436
Sep 28/17 Sep 11/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 200,000 $0.464
Sep 28/17 Sep 6/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 350,000 $0.466
Sep 28/17 Sep 5/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market 127,000 $0.480
Sep 28/17 Aug 31/17 Gold Fields Limited Indirect Ownership Options (Listed) 10 – Acquisition in the public market
The greedy and the corrupt, which is worse?
https://wolfstreet.com/2017/10/16/whats-booming-asset-stripping-by-private-equity-firms/
And so it goes…..(bye, bye dollar)
https://www.bullionstar.com/blogs/ronan-manly/neck-neck-russian-chinese-official-gold-reserves/
And so it flies……bye, bye Boeing?
By ROB GILLIES – Associated Press – 1 hour ago
TORONTO (AP) — Canadian plane maker Bombardier announced Monday it has sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus for no cost. (???????)
The move comes after lackluster sales and after the U.S. Commerce Department imposed harsh duties on Bombardier, charging the Canadian company is selling the C Series planes in America below cost and receiving government subsidies.
The Commerce department recently announced it would impose an 80 percent duty comes on top of duties of nearly 220 percent. The case has been a win for U.S.-based rival Boeing.
Boeing has said it didn’t moved early enough against Airbus subsidies in the 1970s. Airbus is now is a global giant.
The move by Bombardier could possibly circumvent duties being imposed on the C Series. The C Series headquarters will remain in the Montreal area but a second assembly line for the 100- to 150-seat plane will be set up at Airbus’ facility in Mobil, Alabama, so the plane can be sold in the United States.
Airbus Chief Executive Office Tom Enders said an aircraft produced at an U.S. Airbus facility would not be subject to duties under the pending U.S. investigation.
By The Associated Press – Associated Press – Mon Oct 16, 6:25PM CDT
An activist who helped organize the Women’s March on Washington has accused an American Airlines pilot of racial discrimination in kicking her off a flight.
In a series of tweets and a Facebook Live post, Tamika Mallory said that a pilot had her removed from a Sunday flight from Miami to New York after she had a dispute with another airline employee over her seat assignment.
“Only reason this pilot got involved was to assert his white male power over who he thought was just some uppity black girl,” Mallory tweeted.
At least she was not dragged off by her hair!
Perhaps the Airline was fed up with her bitching, as it might be with a white person complaining about seat assignment.
Cory: Thanks for having JR on again. It’s been a while…….He’s very good at explaining all things in economics…..sometimes from a layman’s terms. Since I’m in that category, I enjoy listening to his conversations with you.
Lest we forget Las Vegas:
https://www.youtube.com/watch?v=3sFBz7CTQ5M
John Mauldin on VIX: http://www.mauldineconomics.com/frontlinethoughts/?utm_source=newsletter&utm_medium=email&utm_campaign=frontline
Some extremely interesting charts…….
Whats the shanghai gold price now? gold is 1284 up from 1282
potshares seem to be following gold again or still.
looks like bitcoin and hive are up again.
bitcoin over 7000 cdn, and I didnt see a use for it at $3. feeling not unlike a putz. lol
b:
Even owning Bitcoin,I was like a deer in the headlight starring at Ethereum at $9.I don’t feel so bad as my partner that steered me to Bitcoin missed it to. Go Figure.
To be honust I still dont see a use for bitcoin.
Dont have a clue where I could spend it.
Looks like the banks have caught up to bitcoin in the transferring cash dept.
Which was touted as the big plus of bitcoin.
Other than selling it for more than I pay for it, I see no use.
I guess there is and I just dont see it.
b:
You don’t have a clue where to spend it because you don’t own any Bitcoin and have never used it. You are not alone.
http://www.zerohedge.com/news/2017-10-16/one-banks-shocking-warning-central-banks-will-lead-orgy-blood