The Fed’s money printing is pushing gold higher but there is still a large spread between spot and futures price
Craig Hemke joins me today to share his thoughts on the announcement from the Fed today and the reaction in gold. Gold moved up today and broke $1,700 decisively in the futures contract but the spot price is continuing to lag. We have some comments on this discrepancy as well.
Dummies(fakes) used in hospital…fake virus reporting…..
Sorry, I just had to post this……
Webb……..should listen……might be a class action suit…..
Somewhat unfair. My neighbor is ER doctor. Had 3 patients die in one day from the virus. Very disturbing to her. Plus she does it with an immune disorder. Maybe caution is somewhat in order. There are real people taking real chances on a real threat.
Where does she practice……?
Did those patients have comorbidity? If so, how is she sure it’s the virus that caused the deaths? Is she 100% sure they had Covid19? Tests are revealing false positives. Plus some are saying Covid19 may be just a passenger virus. There’s a lot of conflicting info and still a lot that is not known. And have a look at this https://nomorefakenews.com/
Jerry:
They weren’t dead last month. They are dead now after corona diagnosis. Survival of the fittest is a somewhat a fascist concept. Might be good in the Serengeti for animals, but not a very human concept. Should we start milling redheads or people over 6’2”. Kind of like picking winners and losers on Wall Street. Shy should there be a level playing field?
David , are you talking to me or Ebo……just want to make sure
I have comorbidity.
If I get Covid-19, the odds are it will kill me.
And you want to tell me, it isn’t the virus that did it?
David have you been reading any of the articles being posted since Feb 22……Here on the Ker….
Do you think the entire World should be in Lock Down…..?
Not all the deaths are contributed to the virus alone……….I think that is what one is saying……We can assume, that this virus was planned…..from a lot of info coming to light.
My only point is that we don’t know who is spreading it nor who has it because testing is totally inadequate. It just may be that the people expressing their invulnerability and freedom may be the carriers killing off those that are exercising better judgement. That does not make the vulnerable an acceptable “cost” of “freedom of expression”.
Jerry…you out there? If so, you see this? Dang…
https://www.lewrockwell.com/political-theatre/from-robert-f-kennedy-jrs-instagram-post-today/
Worse than I thought ,or have read……The polo new start ups….I had heard, but, did not know or read it was BILLY BOB…..Connecting the Dots……
Wonder if , the OWL….will continue thinking of BILLY Bob….as a great wonderful human.
I have been saying for a long time…..Gates, is a con man.
polio….not polo…
I used to play polo…but I had to quit because my horse drown…
It was water polo…
Gates is responsible for a lot of deaths…and damage
Oh Heck………let’s go ahead and expose this dirt bag……….
Thanks, Bill Sardi.
“Vaccines, for Bill Gates, are a strategic philanthropy that feed his
many vaccine-related businesses (including Microsoft’s ambition to
control a global vac ID enterprise) and give him dictatorial control
over global health policy—the spear tip of corporate neo-imperialism.
Gates’ obsession with vaccines seems fueled by a messianic conviction
that he is ordained to save the world with technology and a god-like
willingness to experiment with the lives of lesser humans.
Promising to eradicate Polio with $1.2 billion, Gates took control of
India ‘s National Advisory Board (NAB) and mandated 50 polio vaccines
(up from 5) to every child before age 5. Indian doctors blame the
Gates campaign for a devastating vaccine-strain polio epidemic that
paralyzed 496,000 children between 2000 and 2017. In 2017, the Indian
Government dialed back Gates’ vaccine regimen and evicted Gates and
his cronies from the NAB. Polio paralysis rates dropped precipitously.
In 2017, the World Health Organization reluctantly admitted that the
global polio explosion is predominantly vaccine strain, meaning it is
coming from Gates’ Vaccine Program. The most frightening epidemics in
Congo, the Philippines, and Afghanistan are all linked to Gates’
vaccines. By 2018, ¾ of global polio cases were from Gates’ vaccines.
In 2014, the Gates Foundation funded tests of experimental HPV
vaccines, developed by GSK and Merck, on 23,000 young girls in remote
Indian provinces. Approximately 1,200 suffered severe side effects,
including autoimmune and fertility disorders. Seven died. Indian
government investigations charged that Gates funded researchers
committed pervasive ethical violations: pressuring vulnerable village
girls into the trial, bullying parents, forging consent forms, and
refusing medical care to the injured girls. The case is now in the
country’s Supreme Court.
In 2010, the Gates Foundation funded a trial of a GSK’s experimental
malaria vaccine, killing 151 African infants and causing serious
adverse effects including paralysis, seizure, and febrile convulsions
to 1,048 of the 5,049 children.
During Gates 2002 MenAfriVac Campaign in Sub-Saharan Africa, Gates
operatives forcibly vaccinated thousands of African children against
meningitis. Between 50-500 children developed paralysis. South African
newspapers complained, “We are guinea pigs for drug makers”
Nelson Mandela’s formar Senior Economist, Professor Patrick Bond,
describes Gates’ philantropic practises as “ruthless” and immoral”.
In 2010, Gates committed $ 10 billion to the WHO promising to reduce
population, in part, through new vaccines. A month later Gates told a
Ted Talk that new vaccines “could reduce population”.
In 2014, Kenya’s Catholic Doctors Association accused the WHO of
chemically sterilizing millions of unwilling Kenyan women with a phony
“tetanus” vaccine campaign. Independent labs found the sterility
formula in every vaccine tested. After denying the charges, WHO
finally admitted it had been developing the sterility vaccines for
over a decade. Similar accusations came from Tanzania, Nicaragua,
Mexico and the Philippines.
A 2017 study (Morgensen et.Al.2017) showed that WHO’s popular DTP is
killing more African than the disease it pretends to prevent.
Vaccinated girls suffered 10x the death rate of unvaccinated children.
Gates and the WHO refused to recall the lethal vaccine which WHO
forces upon millions of African children annually. Global public
health advocates around the world accuse Gates of – hijacking WHO’s
agenda away from the projects that are proven to curb infectious
diseases; clean water, hygiene, nutrition and economic development.
They say he has diverted agency resources to serve his personal fetish
– that good health only comes in a syringe.
In addition to using his philantropy to control WHO, UNICEF, GAVI and
PATH, Gates funds private pharmaceutical companies that manifacture
vaccines, and a massive network of pharmaceutical -industry front
groups that broadcast deceptive propaganda, develop fraudulent
studies, conduct surveillance and psychological operations against
vaccine hesitancy and use Gates’ power and money to silence dissent
and coerce compliance.
In this recent nonstop Pharmedia appearances, Gates appears gleeful
that the Covid-19 crisis will give him the opportunity to force his
third-world vaccine programs on American children.”
And the weasel Tony Fauci is a lackey of Bill Gates. They are both vaccine Nazis and would prefer patients die of Wu flu than be cured by malaria drugs and zinc.
They dream of mandatory vaccines for everyone.
Additional post below……..connecting Gates , to planned parent hood, IBM nazi participation with Hitler, connecting Gates to IBM, …ect……post below was provided by CHRIS T……..
Here’s more on the plan…provided by CT…..
Symbol – Silver #Producers – Daily Change %
CDE Coeur Mining, Inc. +22.12%
GPL Great Panther Mining Limited +20.91%
HL Hecla Mining Company +14.75%
SVM Silvercorp Metals Inc. +14.20%
IPT.V IMPACT Silver Corp. +12.12%
HOC.L Hochschild Mining plc +12.06%
PAAS Pan American Silver Corp. +12.01%
GGD.TO GoGold Resources Inc. +11.67%
EXN.TO Excellon Resources Inc. +11.54%
SCZ.V Santacruz Silver Mining Ltd. +11.11%
AG First Majestic Silver Corp. +10.47%
FSM Fortuna Silver Mines Inc. +9.50%
EXK Endeavour Silver Corp. +9.16%
FRES.L Fresnillo Plc +8.84%
USAS Americas Gold and Silver Corporation +7.88%
SSRM SSR Mining Inc. +7.48%
ASM Avino Silver & Gold Mines Ltd. +6.97%
MYA.TO Maya Gold and Silver Inc. +5.05%
SBR.TO Silver Bear Resources Plc +4.76%
SMTS Sierra Metals Inc. +0.01%
Symbol – Silver #Developers & #Explorers – Daily Change %
ASLM American Silver Mining Co. +55.56%
KS.V Klondike Silver Corp. +50.00%
SVG.V Silver Grail Resources Ltd. +18.18%
CCM.TO Canarc Resource Corp. +14.29%
AXU Alexco Resource Corp. +13.71%
MAG.TO MAG Silver Corp. +13.05%
BCM.V Bear Creek Mining Corporation +13.04%
AUU.V Aura Resources Inc. +12.50%
KTN.V Kootenay Silver Inc +12.50%
MMG.V Metallic Minerals Corp. +12.50%
REX.V Orex Minerals Inc. +12.50%
AAG.V Aftermath Silver Ltd. +12.50%
DEF.V Defiance Silver Corp. +12.00%
DV.V Dolly Varden Silver Corporation +10.42%
ASL.V Argentum Silver Corp. +8.82%
IVR.AX Investigator Resources Limited +8.33%
GRSL.V GR Silver Mining Ltd. +7.89%
ISLV International Silver, Inc. +6.67%
SNG.V Silver Range Resources Ltd. +6.67%
CCW.V Canada Cobalt Works Inc. +6.49%
CD.V Cantex Mine Development Corp. +5.45%
SVE.V Silver One Resources Inc. +4.76%
VZLA.V Vizsla Resources Corp. +4.35%
DSV.V Discovery Metals Corp. +4.05%
SIL.TO SilverCrest Metals Inc. +3.91%
AUN.V Aurcana Corporation +3.51%
SSV.V Southern Silver Exploration Corp. +3.45%
VIPR.V Silver Viper Minerals Corp. +3.33%
SVL.AX Silver Mines Limited +2.38%
MTR.L Metal Tiger plc +2.27%
AUMN Golden Minerals Company +1.72%
AZS.AX Azure Minerals Limited +1.52%
NUAG.V New Pacific Metals Corp. +1.43%
Hmmm… I wonder how many investors that wouldn’t touch Silver miners with a 10-foot pole a few weeks back have missed day after day of gains like these?
Most herd investors sold out at the lows last month to stay huddled and quivering in fear in cash, instead of raising cash to deploy last month and buy the f’ing dip.
Once again, most investors proved to scared herd animals, and not the “contrarians” that they like to believe they are. The real contrarians were buying into the weakness last month in early to mid March, and have been rewarded handsomely for zigging, while so many were zagging.
Symbol – Major #Gold #Producers – Daily Change %
NEM Newmont Corporation +13.42%
AU AngloGold Ashanti Limited +11.93%
KGC Kinross Gold Corporation +10.41%
GOLD Barrick Gold Corporation +10.29%
AUY Yamana Gold Inc. +10.06%
GFI Gold Fields Limited +8.60%
HMY Harmony Gold Mining Company Limited +8.10%
POLY.L Polymetal International plc +6.86%
AEM Agnico Eagle Mines Limited +6.76%
KL Kirkland Lake Gold Ltd. +6.69%
NCM.AX Newcrest Mining Limited +0.12%
Symbol – Mid-Tier #Gold #Producers – Daily Change %
TMR.TO TMAC Resources Inc. +27.45%
CXB.TO Calibre Mining Corp. +19.40%
DRD DRDGOLD Limited +14.24%
GUY.TO Guyana Goldfields Inc. +13.79%
AR.TO Argonaut Gold Inc. +13.59%
BTG B2Gold Corp. +12.60%
EGO Eldorado Gold Corporation +12.17%
POG.L Petropavlovsk PLC +10.07%
KNT.V K92 Mining Inc. +10.03%
TGZ.TO Teranga Gold Corporation +9.72%
OGC.TO OceanaGold Corporation +9.55%
IAG IAMGOLD Corporation +9.38%
DNG.TO Dynacor Gold Mines Inc. +8.96%
DPM.TO Dundee Precious Metals Inc. +8.94%
MUX McEwen Mining Inc. +8.74%
AGI Alamos Gold Inc. +8.56%
ASR.TO Alacer Gold Corp. +8.10%
GCM.TO Gran Colombia Gold Corp. +7.50%
SSRM SSR Mining Inc. +7.48%
CG.TO Centerra Gold Inc. +7.29%
PRU.TO Perseus Mining Limited +7.14%
MND.TO Mandalay Resources Corporation +6.94%
PVG Pretium Resources Inc. +6.92%
HGM.L Highland Gold Mining Limited +6.73%
ORV.TO Orvana Minerals Corp. +6.67%
EQX Equinox Gold Corp. +5.99%
EDV.TO Endeavour Mining Corporation +5.99%
ROXG.TO Roxgold Inc. +5.88%
NGD New Gold Inc. +5.57%
SMF.TO SEMAFO Inc. +5.40%
CEE.TO Centamin plc +5.15%
KOZAL.IS Koza Altin Isletmeleri A.S. +3.93%
KCN.AX Kingsgate Consolidated Limited +3.70%
SLR.AX Silver Lake Resources Limited +3.30%
TXG.TO Torex Gold Resources Inc. +3.24%
RMS.AX Ramelius Resources Limited +2.44%
CGG.TO China Gold International Resources Corp. Ltd. +2.31%
PAF.L Pan African Resources PLC +2.20%
PNR.AX Pantoro Limited +2.11%
AKG Asanko Gold Inc. +2.06%
EVN.AX Evolution Mining Limited +1.79%
RRL.AX Regis Resources Limited +1.53%
1818.HK Zhaojin Mining Industry Company Limited +0.99%
RSG.AX Resolute Mining Limited +0.58%
WGX.AX Westgold Resources Limited +0.55%
Symbol – Small #Gold #Producers – Daily Change %
SGI.V Superior Gold Inc. +20.00%
ANX.TO Anaconda Mining Inc. +20.00%
SBI.TO Serabi Gold plc +15.29%
HRT.TO Harte Gold Corp. +15.00%
F.V Fiore Gold Ltd. +14.58%
GG.V Galane Gold Ltd. +14.29%
CAL.TO Caledonia Mining Corporation Plc +12.32%
PG.TO Premier Gold Mines Limited +12.00%
GGD.TO GoGold Resources Inc. +11.67%
AGD.AX Austral Gold Limited +11.11%
ALO Alio Gold Inc. +10.41%
WDO.TO Wesdome Gold Mines Ltd. +10.10%
RED.AX Red 5 Limited +10.00%
SHG.L Shanta Gold Limited +8.33%
GORO Gold Resource Corporation +7.71%
MXSG Mexus Gold US +7.32%
ORA.TO Aura Minerals Inc. +6.90%
JAG.TO Jaguar Mining Inc. +6.52%
SAM.TO Starcore International Mines Ltd. +5.88%
AMI.AX Aurelia Metals Limited +4.84%
GXS.V Goldsource Mines Inc. +4.55%
RNX.TO Royal Nickel Corporation +4.35%
SFR.AX Sandfire Resources Limited +4.24%
GSS Golden Star Resources Ltd. +4.15%
ALK.AX Alkane Resources Limited +4.11%
IMII Inception Mining, Inc. +2.00%
MTL.L Metals Exploration plc +1.10%
Even CEF up near 30 since the Mar16 low
30%
Ongoing positive news release from Great Bear
Ted Butler on Reluctant Preppers claims JPM Is no longer short the PMs
Hey Marty – yes that move up in CEF is encouraging for the PM sector. According to the president of Sprott on the interview he just did with miningstockedu, they are seeing a new batch of younger and more diverse investors positioning into the PMs for the first time in years, which is a very constructive macro trend for the sector.
Yes, I saw the news on Great Bear where they hit 4.24 grams/tonne gold over 52.15 meters and extended the strike of the LP Zone. They are still doing solid work.
As for JPM who knows if they are both long and short in different vehicles, and they’ve been at the center of controversy and conspiracies for the last 2 decades, and I’ve spent little time considering what they may or may not be doing in my investing journey, as I just trade the markets as they come.
All I know is that Gold took a temporary swan dive down to deep support at $1450 but has surged back into the $1700s (again) and Silver bounced back from the $12’s to the high $15s and yet most folks have remained overly tepid to bearish on the miners during this whole rally the last few week.
> There is quite a disconnect in sentiment and price action as the miners clearly have bounced back hard, and most traders running for the exits a month ago missed it once again.
I was mentioning adding to many positions in early to mid March for a snapback rally swing-trade, while many were saying how dangerous that was with lower lows coming at any moment and that the place to be was in cash. (WTF?) After a selloff of 30-60% in many stocks, the place to be was adding to those quality positions for a bounce, and most of the quality stocks were on deep discount.
I was amazed at the chorus of folks that were retreating into cash into the worst part of the sell-off, instead of raising cash to be able to be deployed, but that is pretty typical herd investor reactions. Everyone likes to beat their chests about what contrarians they are, but most herd animals panic and run over the edge of the cliff each time we see something dramatic like what kicked off in the last week of February. The contrarians were looking for their spots to get positioned in that sell-off for the bounce bank, not trembling in fear holding onto their cash in a dark corner of their basement.
> Clearly buying that dip in mid March was the right call for the short-term, and the resulting V-shaped rally off those extreme oversold positions was an easy trade set up for anyone that likes buying low. As we’ve stated many times though, most like to cry low and buy high. 🙂
Personally, I’ve almost completely recovered from the big draw downs in my account value starting in late Feb & early March on those fishing line sell offs in the PMs, by swing-trading my way back out of it on this recent rally the last few weeks. I can’t imagine what a bad situation I’d have been in if I’d listened to most of the worry warts and sold near the lows to go defensively into cash. My biggest complaint at the time was not having enough cash to deploy into those deals across the board, and other “pros” were huddled up in fear holding onto a bag of cash.
To each their own, but that is the same wrong advice about hiding in cash that people were giving in late 2015 and early 2016, in each of the December sell downs in 2016,2017,2018,2019 (when they proceeded to rally each Q1 for nice returns), and the same bad advice folks were giving at this time last year in 2019, right before Gold & Silver miners went on one heck of a rally higher for the balance of last year. The time to raise more cash is when things are going extraordinarily well. For example, was it better to sell one’s miners for cash in Mid-March at the lows or would it be better to trim things back now after a few weeks of rallying? Clearly it was better to be going into the markets and buying into the weakness last month and then trimming back into the recent strength, but I doubt most PM pundits did that.
I’m not sure if PMs will rest again here, to edge back down and consolidate for the balance of April and early May as Doc is looking for, or if they’ll just keep charging higher, but I’ve built back up some dry powder by trimming back a few of the recent solid trades to take advantage of any further Spring sales we may see.
Ever Upward!
Marty – Here’s that interview with the CEO of Sprott discussing the new demographics of the investors that they are seeing positioning in the PMs over at Sprott.
________________________________________________________________
Sprott CEO Peter Grosskopf: Gold’s Technicals Point to $2,000+/oz
MiningStockEducation – April 7, 2020
0:50 Did Sprott Inc. foresee these recent events?
2:50 Thoughts on general equities
3:44 When will we see inflation? $2,000 gold coming…
5:36 Feedback from high net worth Sprott clients
6:36 Demographics of recent gold buyers
8:25 Increased interest in Sprott’s physical gold products
10:49 When will silver outperform gold?
12:18 Inflows into Tocqueville Gold Strategies now?
13:13 Best opportunities in junior mining sector now?
14:17 Questions about Sprott Resource Lending
15:30 $200-300M set aside for streaming & royalty investing
17:29 Best opportunities for Sprott Inc. in remainder of 2020?
It is just crazy to me that Gold is at $1740 (about $181 from it’s all time highs in 2011) and there is not more of a frenzy into the Gold miners.
While they are popping nicely in the high single-digits and low double digits, most of the producers and developers should be going up massively in overall valuations, and they are still nowhere near where they were valued in 2011 when Gold was last at these levels. There is still so much room for the miners to really run higher from here, that folks just are not seeing due to all the competing narratives lately in the general stock markets, biotech for cures, and the beaten up energy sector.
Sorry make that Gold is at $1752 and is $169 from it’s all time high of $1921 in 2011.
Doesn’t anyone notice this? I feel like I’ve taken crazy pills…
I noticed…….I even made a comment about it……OVER HEAD RESISTANCE is almost gone.
Yes, but OOTB you are a scholar and a gentleman…. 🙂
My question is when are the generalist investors or even the gold bugs going to wake up to just how undervalued the miners are at $1752 Gold compared to where they were trading back in 2011, when their costs weren’t nearly as low as they are now?
Maybe $1,752 Gold isn’t exciting enough for folks and it will take $2,000 for generalists to realize that the miners represent great value here.
https://www.bloomberg.com/quote/GC1:COM
I’m interested to see what happens when the Q1 2020 quarterly reports start hitting in a few weeks for the Gold #producers and if this wakes up Wall Street and Bay Street from their stupor regarding the mining sector; (and if they start connecting the dots on where things are trending).
Ever Upward!
Ah, ….good point…….EX…….I think it will happen…miners are going to eventually, to the moon….some of them. That is why , I continue to be prepared…. 🙂
Gone in 10 minutes: Gang jets off with stolen gold-silver bars from a desert mine in Mexico
Associated Press – 09 Apr 2020
> An unspecified amount of gold-silver alloy bars were stolen from a mine in Sonora, Mexico, on Wednesday morning
> Officials with Minas de Oro Nacional said five men stormed the site aboard a truck and subdued the staff moments before a jet landed on a strip
> It took the armed men just 10 minutes to load their Cessna with their haul before the gang made their getaway
> Minas de Oro Nacional, the Mexican subsidiary of Canada’s Alamos Gold, said authorities were searching clandestine airstrips in the area for the plane
I saw that headline at kitco…..I started to think of Butch Cassidy and Sundance Kid… 🙂
Haha! Good one OOTB. It is a growing concern at mines to beef up their security, especially as the price of Gold keeps charging higher. What that gang just pulled off in their robbery could happen again, and while I believe the companies are insured against some of that, they may need to invest in better security both physically, and in data security in case their staff are helping or leaking key information.
Wild times as always!
A month or so ago? gng reported stopping on their project due to gang activity.
Gold mines could become a big target for gangs, especially in Mexico.’
The gangs are often better armed than the military.
Yeah, different gangs and cartels are pretty much running each Mexican state, but only occasionally go after the miners, as they are normally busy going after all the local businesses and terrorizing the locals. I do remember Great Panther having a few issues a few years back with a group that came in and lit stuff on fire and scared some of the employees.
However in US & Canada there are still radical environmentalists that block projects going into production, or block the roads where there is production, or there is a more cumbersome government permitting process, etc… Every area has it’s own unique risk profiles, and mining is a tough business overall.
I don’t know nothin about that gold heist. I was not anywhere near Mexico on Wed. I was in Texas on Wed. morning and would have witnesses to verify that except I was wearing a mask for the CCP virus.
https://www.zerohedge.com/economics/japan-spend-billions-relocating-production-out-china
It is possible that as countries try to take back production to their own countries, China will seize factories (they half-own them anyway) in China and continue production….leading to massive over-production and deflation.
And so it has come to pass, so far this week gold and silver have held up well in light of Clive Maunds prediction of an immediate fall. Of course there is still time to play out in what is deemed the immediate future but at this stage the “Clive contrarian call” is playing out well.
Do you trust any news, any politician?
The Fed has nominated another $2.3 trillion to backstop the economy. Adding upto $4.5 trillion already, where and when will this end? Not to mention all the funding being pumped into the repo market. Another conundrum possibly to arise out of this unprecedented money creation, is how hard will governments find it to scale back this money creation when things return to normal? I mean the pressure to keep loose monetary conditions in play will emanate throughout society from central banks and governments down to big business, small business, employed individuals and unemployed individuals. And this is a global condition now. Out of these times, many will find it hard to fathom austerity.
It will be interesting to see how all this loose monetary policy plays out. Official inflation figures remain low, even though we all know many goods and services prices are trending higher. With all this copious amounts of cash awash in the financial world, basic economic principals suggest inflation should ramp up in the coming months and years. Yet this also should have happened back in the 2009-13 timeframe with all the money creation that took place then but it never eventuated. The banks figured out how to “park” the central banks newly created cash into Wall St without it filtering down into Main St. Equity markets subsequently inflated, so too did bank accounts and bonuses for the fat cats. The common folk were left in the rear view mirror… again!
Over the last 10 years, the powers that be have learnt how to essentially print money without paying the price of inflation. They have lined their own pockets, kept the status quo of greed and wealth inbalance whilst the tax payer has been left blindsided and footing the bill. It is the normal throughout the world, the love and addiction of cheap if not “free” money. Covid-19 has become a very convenient excuse to ramp up money printing all in the name of helping a countrys citizens (even though we know alot of money stays in corporations and big banks)
Now of course, these are exigent circumstances with economies and various job sectors slowing down if not coming to a stand still. So alot of this money will this time filter down to the average Joe to ensure people can still meet their debt obligations and day to day living expenses, which in-turn allows money and production to continue to circulate throughout a country. However, because many people and businesses have lost their regular, otherwise unrestrained income, these new “hand-outs” have essentially replaced the common wages and pay cheques. Therefore, money supply is not increasing unanimously across an entire economy at present. The dilemma is however, that the theory of these hand-outs is somewhat reliant on the masses in turn spending their stimulus directly into economy. Yet many people have become concerned about the strength of their countrys economy and are instead attempting to be more frugal than ever. Debt deferrals of all varieties are allowing this new mindset to take place. Also lets not forget that with so many countries in lockdown and people forced prisoners in their own homes, many cant physically spend their stimulus packages even if they wanted to. These new handouts have actually put certain demographics in a more advantageous position money wise. They are now earning more from these new government supported initiatives than they otherwise were beforehand. Hence another reason to save more.
When this pandemic subsides is when the chickens will have come home to roost. And so we will be paying off our countrys burdening debt via tax. We will be paying it off, so too our kids and our kids kids, and so on. All this new money will take decades to pay off if not longer. Lucky low interest rates are here to stay right?
One possible caveat: There is a theory that is gaining credibility here in Aus and that is Modern Monetary Theroy. The general essence of this theroy is that a country can pay off its own debt (which is their own currency) by simply printing more money. Because they can issue their own currency, they can never run out of money in the same way a business or a person can. The country can’t default on a debt that’s in its own dollars, MMT supporters say. By taking out a debt against its asset (in this case us the people), governments wont lose the asset if it reneges on its debt as we will always remain present contributing goods and services. And the MMT supporters say government spending limit is measured by inflation and not a governments budget. Through the simple laws of supply and demand, they maintain inflation will always remain under control so long as a country maintains the balance of producing enough goods and services for purcahse (supply) and it is not outstripped by all purchasing taking place in an economy (demand). This is why they believe that during periods of high employment the MMT crowd advocates that governments do not spend too freely as the economy will not be able to increase production in an apready stretched employed environment to meet potential demand that is the extra cash and therefore risk rising inflation. And with rising unemployment now taking place they assert this cannot be an issue at present. Not forgetting that all this newly created money is replacing and not partnering former wages. All the more reason to spend, spend, spend they say.
I personally call bullsh*t to the MMT theory and maintain reality will prove theory is not flawless.
Very well-stated Ozibatla. Yes, MMT and the modern Keynesian Economics is doubling and tripling down here at the end of it’s warped experiment, and it will end badly and with this unprecedented runaway money printing it is about to go out into the world and do a big ole’ belly flop into the financial pool.
Until then, spend, spend, spend central bankers and see if you can put the Humpty Dumpty world economy back together again…
Trillion-Dollar Bailouts are Outlandishly Bullish for Gold Prices
Author Image W. E. Messamore – April 7, 2020
“Gold prices declined as the Federal Reserve whittled down the money supply last decade. Now gold is primed to rocket like it did in 2008.”
“Gold prices don’t yet reflect the radically shifted economic outlook.”
“Debt-funded, multi-trillion dollar stimulus programs will crush the dollar.”
“Consequently the 2020s will be another gold decade.”
“As demand for gold rages to historically unprecedented levels, supply will continue to contract. Gold prices will go parabolic.”
“With the world economy flattened this spring, gold is back in $1,700 territory for the first time since 2012. But gold prices are cheap given the magnitude of the macro shifts happening now.”
https://www.ccn.com/trillion-dollar-bailouts-are-outlandishly-bullish-for-gold-prices/
OZ………GO AND LISTEN TO CHRIS T’s post below……….
On it Jerry, thanks.
Let me know what you think……..thanks…
Yep pretty much what Ive assumed all along if not more alarming than I initially thought. No wonder people become anti-establishment over time.
Ex, whatever happened to James the Lesser? Is he in you KER history book?
I mentioned him in the KER history book post, but have no idea where he went.
Maybe he became James the Greater and headed for greener pastures than slumming it with us plebs here at the KE Report. (?)
Dang, sorry. Do you have the link to the history book post?
Cheers Ex. These are crazy times and all this Covid-19 pandemic coupled with mass money printing seems a little too convenient to be purely coincidence. Hidden agendas at play.
Good point on…..
…The country can’t default on a debt that’s in its own dollars, MMT supporters say. By taking out a debt against its asset (in this case us the people),
The BONDAGE of DEBT……..will always be there as long as the SHEEPLE, do not understand, what is going on.
The sheeple will never understand. How many carry credit card debt at ridiculous rates of interest?
I bet , about 99%….
Americans Not Making Their Mortgage Payments Soar By 1064% In One Month
Wed, 04/08/2020
“According to the latest Mortgage Bankers Association Forbearance and Call Volume Survey which highlights the “unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus”, the total number of loans in forbearance grew to 2.66% as of April 1; just one month ago, on March 2, the rate was 0.25%, or a 1,064% increase in just one month.”
“For loans backed by Ginnie Mae, which serves low- and moderate-income borrowers, the surge was much greater, with total loans in forbearance soaring to 4.25% from 0.19% one month ago.”
“Overall, the MBA reports that total forbearance requests grew by 1,270% between the week of March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30.”
https://www.zerohedge.com/economics/americans-not-making-their-mortgage-payments-soar-1064-one-month
THe sheeple will never get it…………..Usury…….
https://en.wikipedia.org/wiki/Usury
There are some great lines………in this outline of usury…..
Usury (/ˈjuːʒəri/)[1][2] is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning, taking advantage of others’ misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law.
Usury and the Virus………………..part of the devils plan……..or we can just say the EVIL ONES…..
THAT IS A GREAT SUMMARY……………APPRECIATE THE POST……..
EVERYONE SHOULD LISTEN TO THIS……………….HELLO BIG OWL>>>>>tweet, tweet
CFS…………….got any comments on this one……….I plan on re posting this about as many times as it takes to give EVERY KER ADULT…….a WAKE UP, ….and I will give credit to CT for the post….
Great info…………ON IBM……..the dots are now connected……..Big OWL, is going to owe me an apology…..me think……. 🙂
Agreed, if memory serves, IBM came up the with barcodes and tracking with punch card systems, for the Jews in concentration camps in Germany during WW2. Nothing has changed…
______________________________________________
Bill Gates Crosses the Digital Rubicon, Says ‘Mass Gatherings’ May Not Return Without Global Vaccine
Robert Bridge – April 8, 2020
“A recurring theme among conspiracy theorists is that the elite are just waiting for the right moment to roll out their ‘mark of the beast’ technology to remotely identify and control every single human being on the planet, thus sealing their plans for a one world government. And with many people willing to do just about anything to get back to some sense of normalcy, those fears appear more justified with each passing day.”
“Whatever the case may be, many people would probably have serious reservations about being branded with an ID code even if it had never been mentioned in Holy Scripture. But that certainly has not stopped Microsoft founder Bill Gates, who has been warning about a global pandemic for years, from pushing such controversial technologies on all of us.”
“For anyone who may be wondering what one of those “most successful approaches” might look like, consider the following top contender for the contract. Researchers at the Massachusetts Institute of Technology (MIT) have developed what is essentially a hi-tech ‘tattoo’ that stores data in invisible dye under the skin. The ‘mark’ would be delivered together with a vaccine, most likely administered by Gavi, the global vaccine agency that also falls under the umbrella of the Bill & Melinda Gates Foundation.”
“The researchers showed that their new dye, which consists of nanocrystals called quantum dots… emits near-infrared light that can be detected by a specially equipped smartphone,” MIT News reported.
“And if the reader scrolls to the very bottom of the article, he will find that this study was funded first and foremost by the Bill and Melinda Gates Foundation.”
I have been looking at covid-19 numbers again. The reason most of the models have been rubbish as predictive tools is simple. They assumed, implicitly, that the first death in the U.S. and Western countries was in mid-December 2019. In fact, it probably was in early November 2019, mis-diagnosed as an influenza death. The effect of this mis-attribution is that the first deaths assigned to covid-19 appeared to ramp up much faster than they were actually increasing…..thus the apparent death rate was much higher than would normally have been modeled. As time has gone on, we have been scaling back parameters, closer to what they actually are, and thus the predictive numbers have also been decreasing.
It is probable that the currently projected number of 60,000 is still considerably above what will occur in actuality. Partly because early treatment with HCQ, zinc, Vitamin C + Azithromycin is, in fact, sufficiently an amelioration of the disease as to be an effective cure.
Very few more new cases to be infected, IF THEY ARE TREATED early, should die above a normal death rate associated with their comorbidities.
Currently in the U.S. we have:
Confirmed Cases total 465,477 increased in the last 24 hours by +33,795
deaths totaling 16,686 increasing in the last 24 hours by +1,899
Recovered cases totaling 32,275 increasing in the last 24 hours by +1,804
WITHIN A FEW DAYS, THOSE VICTIMS OF THIS BIOWEAPON THAT WERE NOT TREATED EARLY SHOULD DISAPPEAR FROM THE STATISTICS. THEN THE DEATH RATE SHOULD DROP ALMOST VERTICALLY. My conclusion, based on the statistics, is that there is NO reason that President Trump should not RIGHT NOW allow a return to normal behavior and work.
This bioweapon will remain in the environment, regardless for a period of time, in a similar way as normal influenza does. It will affect the population in the coming months, inevitably, but can be treated effectively to NOT cause many deaths that would have happened if the covid-19 disease had never existed. Failure to allow return to normality wil damage the economy unnecessarily.
I do not agree with George concerning Gates……..and you can see the comments, under his the utube post….many do not agree with him on Gates….
But, cfs, “damaging the economy unnecessarily” is also a part of the present game plane. Without the Wuhan Virus hype…getting the overwhelming majority of the sheeple to drink the propaganda Kool-aid…and without the resulting health scare and economic debacle, the Fed and gov would never have the “all clear” to launch everything we’ve seen in recent weeks. And with much more to come.
CFS…………is part of the distraction…………….JMO
Agreed Mr T. The coronavirus was just the pin meeting the debt bubble, and the excuse and cover for the FED to unload their cargo plane money to try to get them out of the deflationary corner that they had already painted themselves into prior to any of this health scare starting. Now out of fear and panic, the sheeple and government are approving spending measures and piling on the debt at such insane levels that would have never past the smell test just 3 months ago.
Now that people are freaking out, they did get their “all clear” to launch whatever bailout and buying measures imaginable, as you mentioned, and this will effect the US for decades, not just a few months. We are stealing from the future to get us through today, at a level most could never imagine (Trillions upon Trillions….)
Ex,………..give us your take on the tape Chris provided above…….
Scary stuff.
OOTB – I believe that video Mr. T posted is spot on, and something we’ve been discussing for a long time with the IBM and Planned Parenthood programming Bill Gates received from his parents and his obsession with depopulation and vaccines.
It was nice that it was only 5 mins and I already forwarded it to a friend that constantly promotes vaccines and attacks folks the question some of the research around them.
Thank you…..Now, I know you are a scholar…..and a gentleman 🙂
Agree Ex. I feel sorry for future generations including my college age kids who will be and are the bag holders. They are clueless as I was before the 09 crisis. As much as I have tried to show them and my wife, they all think I have become some conspiratorial nut case that has fallen off my rocker!
Do not worry Charles….you are not a nut case…..
Hi Charles, yep, out of fear citizens, governments, and central bankers are robbing from the future to make things more comfortable today, and are introducing systemic debt and economic challenges that will hurt us for years to come.
Don’t worry if everyone thinks you’re crazy – that usually means you are on the right track. 🙂
Ditto……
Ohh Charles I know the feeling. When the mind cannot compute whats in front of the eyes, ridicule is often the reaction/coping mechanism.
Yep agreed, well said. This level of money printing is absurd. I guess thats what happens when you effectively shut down the global economy.
It doesn’t matter what The Fed is doing, they are beaten. To turn around the ship they need to start addressing the real economic diseases from which business is suffering. Everything now a days is explained away by conspiracy theories and band aid solutions. Trump is only thinking of getting re-elected, he doesn’t understand or want to understand how to take control of this crisis and guide it in the right direction. It’s all about fundamentals like how do you deal with capital and labor in an imploding economy. DT
This time there must be real solutions not lowering interest rates and printing money. New leadership is required, when things get worse than they are now a new leader will step forward and guide us through this peril. The people that are in charge now are part of the problem. DT
What are the causes that lead us to this situation we are now in? Understand the problems, list them categorically and then start to think about solutions. DT
I can think of a few major problems, can you?
The FED IS NOT BEATEN……..they have already won……..DEBT BOMB…..
They have already put EVERY Tom, Dick and Harry……in BONDAGE….
The money is GONE……..to the Tribe Members…..
Jerry, all you can see these days are one conspiracy after another. Life will go on, but the solutions are not found in complaints, you must get people who can think there way through this, and believe me, this time answers must and will be found. DT
I did not create the FAKE FED………I see it perfectly…….through the scriptures….
Real simple………END THE FED…..money changers……..simple as it gets…
Jerry, okay end The Fed, now what else do you think is necessary. What other solutions can you come up with other than that? Is that it for you? DT
Term Limits……………next….
End the CIA………
End the IRS……….
Jerry, your solutions are a start but there are fundamental economic problems that will not be solved by ending The Fed and term limits. What about structural defects in the World economy like OPEC. DT
Dick………..all resolved by a DEBT JUBILEE……..
There are about…..7 Billion people in the world which would be real happy with a DEBT JUBILEE………
What about unrest in foreign countries caused by The American military, the real problems are many and not se easily dealt with by ending The Fed, term limits, The CIA, The IRS. DT
Funny part is ……..it is not conspiracy theory……..just facts being uncovered….and it has taken a long time to uncover…..and now we have the results…….
ALL the conflict….are a result of the CIA, ….and it’s associates…..
CIA….in these current times…….
You can’t just have a Debt jubilee without addressing the overproduction of capital and goods by countries like China and The US. It will just start all over again. Your solutions are bandages.
The CHinese……are already in so much debt, they are not going to recover.
THAT is true…….it will always start over again……because MAN CAN NOT FIGURE IT OUT.
Worldly wisdom always fails………..
Man can figure it out but it comes down to hard choices. The answer is to have honest money, it will happen again when the will is there brought about by hard times. DT
THere is no way…….people want hard choices……that is why , it is easy for the corrupt to take advantage of the stupid…..
Good Friday…..
Happy Easter! DT
The CFR is about 0.5% without treatment and less than 0.05%% with early HCQ +Zinc +Vitamin C.
i.e. LESS THAN FLU. THERE IS NO NEED TO WAIT FOR VACCINE.
CFS………..I want to give you credit for bringing the Nazi War Trials up …..
The connections between the Nazis and Watson, of IBM aiding and abetting, and the ties to GATES…..were a piece of the puzzle , that was missing….
All the pieces of the puzzle are coming together………not conspiracy…..but FACT…
The reason the initial CFR appeared high was that there was a lot of transmission, mostly asymptomatic, from late October 2019, so by the time this disease was recognized the denominator was MORE THAN AN ORDER OF MAGNITUDE HIGHER THAN CALCULATED, thus the estimated CFR was, in fact, wrong by over a order of magnitude too high, even without treatment.
Coronavirus outbreak: Trump, U.S. Task Force to provide COVID-19 update | LIVE
It intensely annoys me that the U.S. is so isolated from medication and testing used in the rest of the world. Is it arrogance ? Is it a feeling that only the U.S. can do things properly ?
Birx or whatever her name is has announced that she wants now for industry to develop antibody tests.
Does she not realize both Italy and the U.K. have been using tests (with 95% claimed accuracy) for over 2 months ? Is she ignorant or stupid ?
Likewise, both Fauci and Birx are still pushing vaccines, KNOWING that because of virus mutation, such vaccines would only be at best effective for a couple of years. Are they BOTH ignorant or stupid ? OR ARE THEY SIMPLY CORRUPT, in the pockets of Big Pharma ?
They, as well as the CDC and NIH, are corrupt, well paid lackeys of big pharma and Bill Gates. Their goal is mandatory vaccines for all. When Dr. Judy Mikovits tried to alert Fauci about the dangers of vaccines he destroyed her career and had her jailed to silence her. Fauci, the CDC, and the NIH are owned and run by Bill Gates, big pharma, and the vaccine mafia. Listen to what RFK, Jr. said about Gates on April 8.
The ZN ionophore tx already exists for 20 dollars…..
So, it has to be high priced toxic vaccines to scare the masses into begging for….
Trump Strikes Deal With Mexico To Help Cut Oil Production In OPEC+ Deal
By Tsvetana Paraskova – Apr 10, 2020
“Lopez Obrador spoke with U.S. President Donald Trump on Thursday and the United States agreed to cut 250,000 bpd for Mexico to help it reach the 400,000-bpd cut OPEC+ is asking of it, the Mexican president said at a news conference on Friday, noting that he had informed OPEC+ of this development.”
“OPEC delegates told Bloomberg, however, that they were not aware of details of a Trump-Lopez Obrador agreement about the U.S. helping Mexico to achieve the cuts. ”
Great article.
Ditto……great article…..
Barr………better get on the stick……..if, he is not part of the problem….jmo
cfs…& everyone else…a must listen to…Dr Shiva today , 10/4 2020
https://omny.fm/shows/podcasts/c-e-interview-dr-shiva-ayyadurai-4-10-20
He, He, Ha,HO,HO………….Models are all wrong……fake…..reports….
https://www.zerohedge.com/health/look-how-ridiculously-wrong-all-covid-19-models-were
These are all professional fearmongers who alarmed the country about a virus that appears to be in line with a severe flu season.
Some people need to be held accountable…..How about a GRAND JURY……
Looks like pea brain Schiffy wants to get his nose into the mix….according to zero.
How easy it is to spread fear. Much like the global warming alarmists in the 90s and 00s that said cities would sink under rising sea levels and vast areas would cook under significant temperature increases.
We Need ((((((((((( Frieda )))))))) AL !!!!!!!!!!!
We need Frank from Moscow instead of Frieda…. LOL
Hi Jerry…We both posted at the same time , But you beat me by a nano-second…..
Danm you…haha . IMO Freada is the worse long time guest Al , has ever had on his show.
She has never once posted a comment here….Perhaps she thinks she is above us mere plebs.
Irish……she is afraid , I would think…….
If, Owl, keeps running out of neighbors……I guess we will have to take up a spot on the blog……What would out banner be… 🙂
out to our….
I will check with my agent….Ex….for a proper name…. 🙂
Tony, I wonder why Al never asks Frieda about gold and silver? Maybe she could tell us something worth hearing.
James…………………………….WHY……………… ????????????????????????????
Jerry:
How about a Grand Jury?
Grand Jury’s are no guarantee for justice.
They can be rigged.
How about a Military Tribunal …..
Historically……all the pieces could fit together …..
Did you listen or watch, Chris T’s post…..above… it connects all the dots. to gates.
here…..
o this comment
On April 10, 2020 at 6:12 am,
Temple says:
Here’s more on the plan…
Reply to this comment
The Military is full of Satanists.
Unfortunately there is no more justice left in the World.
A sad state of affairs.
John/Jerry….Skip the above …What about public justice….lamp/tree/ rope.
Good one
The solution is simple.
KNOWLEDGE.
If the public understands what is actually going on, the public will not allow intended consequences to happen.
The REAL PROBLEM is a fake news that fails to find the truth and tell the truth.
KNOWLEDGE with ACTION……
Wait………..Class Action Law Suit…….George Webb suggested that one….almost forgot..
Class Action will not work either.
No Justice is no justice.
Look at the Class Action suit “Families of the Victims of 9/11” against the Saudi’s.
Former Treasury Secretary James Baker’s Law Firm is defending the Saudi’s.
19 years have passed.
They can tie up anything in the courts with enough money.
Good Point….
What George Webb claims to origin of CoV-II is not relevant, there is enough information, which is provable, to end self-isolation and render the virus as no more harmful than the common flu.
The knowledge that must be transmitted is WHEN the virus entered the US and how to suppress the damage the virus may cause:
The virus entered the US in late October 2019.
There exists a prophylactic treatment,
Let’s not press this issue…….The virus is not the issue at this point….
DID you listen or watch Chris’ tape…above…..connecting the dots…
RON PAUL…………calls Dr. F. death……..a FRAUD
https://www.zerohedge.com/political/ron-paul-trump-should-fire-fauci-he-wants-have-total-control-over-people
President Trump should have released the JFK Documents when they were scheduled, instead of postponing the release.
Dirty is as Dirty does.
That post was for all the “Trump Tards”
No offense to the retarded.
Ditto on the JFK files…….
The coroner’s report admitting a bullet entry through the front of the neck and a bullet entry through the bach of the head has been leaked.
Clearly two shooters, completely destroys the lone gunman theory.
At this moment , it is like talking about Lincoln…..day late and a dollar short…
I think a few who have followed the story for years…, already know that there were multiple shooters…..
Going on 60 years…the goooooberment will never reveal the truth.
How about a Mock Trial……. 🙂
Boys! Please watch Ben Swann!
Evil…….again………
https://www.statnews.com/2017/03/30/kennedy-antivaccine-crusade-disgrace/
Robert Kennedy blames Gates for crimes against children.
IRISH POSTED THAT On April 9, 2020 at 2:56 am,
irishtony says:
Meet the “EVIL” mr gates……………………………..BASTARD.
1 hour ago
Robert F Kennedy Jr UNLOADS on Bill Gates…..he “EVIL” mr gates……………………………..BASTARD.
1 hour ago
Robert F Kennedy Jr UNLOADS on Bill Gates
Robert F. Kennedy’s daughter, who was fighting Bill Gates on vaccine policy, mysteriously ended up dying along with her boy in a “freak canoe accident”. Obviously it’s not hard to get two bodies dead from asphyxiation loaded onto a canoe and then tip the canoe over in deep water, but the BIG mystery is how both bodies sank to the bottom when dead women float breast up. So obviously Robert is pissed, and he is now letting it all out. See these quotes from Robert with regard to Bill Gates:
Left and right, dumbass sheep can’t make sense of the facts. That’s always been the case and always will be.
Must listen to Stockman interview on the absurdity, insanity and the morally bankruptcy of the District of Criminals.
At least Stockman has a brain…..
At least, he is breaking down the stats………As, I said before….HOAKS…….man we have a lot of idiots…….unbelievable……Product of the Public School System…..
Glad you were able to listen to it. Don’t see how anyone can disagree with what he said.
I thought he had some great points…..
IT’s a prison . It’s over !
Let’s plan a JAIL BREAK………it is never over till you are DEAD…..
James can break Frieda out of her home lock down! Go James!
https://www.youtube.com/watch?v=B5Yk7eBcMfw