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China is continuing to sell out of US treasuries

Cory
November 17, 2016

Craig Hemke joins us today to discuss the general trend recently of bonds selling off. We consider who is selling out of US bonds but also the fact that yields in Germany and Japan have drifted into positive territory. There are a few different reasons why this would be happening that we all should consider.

Click download link to listen on this device: Download Show

Click here to visit Craig’s website – TFMetalsReport.com.

Discussion
23 Comments
    Nov 17, 2016 17:59 AM

    Bollies were squeezed TIGHT on allot of PM plays yesterday. Break out or down? Well we found out today…DOWN! In JDST and DSLV for a play now.

    Nov 17, 2016 17:25 PM

    The only way out of unserviceable debts for governments is to either default on the bonds or QE meant to lower interest rates indefinitely. A bond default means a currency collapse, while QE means rates lower for longer with stocks taking the hit. But all we’ve seen is higher equities. There has been no attempt to ‘normalize rates’ per se, just to keep stocks rising.

    b
    Nov 17, 2016 17:28 PM

    Yup, just a guess but I think things get interesting if we break $1140.

    Globetrotters might consider selling gold in India, articles are saying its going for about $3000 an once

    Might get interesting if Modi decides to makes gold ownership illegal.
    I know, I know, never happen. Wouldnt ever happen in the states either.

      Nov 17, 2016 17:04 PM

      There’s ZERO CHANCE of gold hitting $1200…right?

      http://www.tfmetalsreport.com/comment/170246#comment-170246

      Where is the accountability for countless blown predictions over the years?

      It’s right here…

      http://www.pmaccountability.com/

      ~~~~~~~~~~~~~~
      “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”
      ~~~~~~~~~~~~~
      Carl Sagan

      Just remember those words from a very smart man the next time you hear some self-proclaimed avoid all talk of how a dollar collapse never came close to manifesting itself into reality.

        b
        Nov 17, 2016 17:20 PM

        Thanks for that DarkPurpleHaze.
        Funny as heck.
        Might be one or two on this site that resemble some of that.
        Goldbugs, so funny.

        Maybe Ill email him for E Sprott and D Morgan

        Nov 17, 2016 17:25 PM

        The paperbugs of the world are far funnier than any goldbug. Sagan’s quote applies perfectly to the clueless herd.

        The dollar is down 80% versus gold since 2001 and would have to rise 60 FOLD to get back to its pre-Fed gold value.

          b
          Nov 17, 2016 17:14 PM

          1971 gold 35, 2001 gold 275(about)
          # of years…30
          2001 gold 275(about)
          2016 (this moment) 1208
          # of years……15

          If a person wants gold to make him cash, he needs to invest it, just like any other currency.
          Gold preserves purchasing power over long time frames.
          It doesnt do any more than that, its not supposed to do any more than that.

          Its been that way for thousands of years, as long as we have recorded history,
          wouldnt surprise me to find out it was that way before we began recording.
          I doubt if golds going to change any time soon.

          Nov 17, 2016 17:33 PM

          That’s roughly correct, but who said otherwise?

        GH
        Nov 18, 2016 18:18 AM

        Sagan’s quote, while true, doesn’t take away from the fact that he himself was a bamboozler, as meticulously documented in this book:

        https://www.amazon.com/Sagan-Immanuel-Velikovsky-Charles-Ginenthal/dp/1561840750/ref=sr_1_1?ie=UTF8&qid=1479478688&sr=8-1&keywords=carl+sagan+velikovsky

          GH
          Nov 18, 2016 18:27 AM

          The contemptible behavior of the AAAS documented here is shocking, and instructive. Like all things human, science too is frequently corrupted.

            b
            Nov 18, 2016 18:34 AM

            Sagans “cosmos” series was excellent.

            Not having read anything about it I have no idea what he would have “bamboozeled” about.

            Whatever it was, he sure got people interested in “the stars”, which I believe was his goal.

            Funny, seems we find everything is “bamboozeled”, everything except our religions of course.

            Nov 18, 2016 18:01 PM

            As long as you’re entertained, right, b?

            Referring to the book that GH linked to, this is for you:

            By John Scott on December 2, 2010

            This book is a blow-by-blow account of how Carl Sagan systematically misrepresented Velikovsky, and used the full weight of his reputation and position within the establishment to complete the work of suppression begun over two decades earlier by Harlow Shapley and Cecilia Payne-Gaposchkin. The sheer hypocrisy, dishonesty and self-regard of Sagan is brutally exposed for all the world to see. Unfortunately, for Sagan fans and true believers, the book will be so unpalatible that they might not get beyond the first few pages. Indeed, I would venture to suggest that almost none of the critics of this book, who have here given it a one-star rating on Amazon, have actually read it. The very act of reading it would dispel all notions one might have had of Sagan’s nobility and intellectual honesty. He was a fraud and, in some respects at least, a bully. He was also a very poor scientist, as Ginenthal demonstrates in literraly dozens of ways.
            The detail into which Ginenthal has gone over each and every point raised by Sagan is phenomenal, as is his understanding of the problems and his mastery of the technical terms and concepts involved. Quite simply, as a previous reviewer remarked, Ginenthal has done the research that Sagan couldn’t be bothered to do.
            Particularly impressive is his deconstruction of Sagan’s “explanation” of the unexpectedly high temperature of Venus (unexpected by everyone that is except Velikovsky). Rather than admit Velikovsky right on this issue, Sagan invoked a “runaway greenhouse” effect to account for the planet’s 900 degrees Fahrenheit surface temperature. As Ginenthal explains, greenhouses are warm primarily because they have a glass ceiling to prevent the loss of heat; and, as everyone (even Sagan) was aware, planets don’t have glass ceilings. In short, there is absolutely nothing on Venus, or any other planet, to prevent surface heat rising to the upper atmosphere and dissipating into space. Furthermore, the clouds of Venus are so brilliantly white that they deflect virtually all of the sun’s heat back into space; and even if they didn’t – even if they were dark and absorbed the sun’s energy – they still couldn’t carry that energy down to the surface of the planet. That, as Ginenthal remarked, breaks the second law of thermodynamics.
            Sagan, of course, in order to “disprove” Velikovsky, was quite prepared to break every law in the book – and the establishment was quite happy to let him get away with it.
            All in all, a masterful take on the continuing “Velikovsky Affair” and well worth the read.

          Nov 18, 2016 18:00 AM

          Velikovsky’s work was far more valuable and interesting than Sagan’s, in my book.

            Nov 18, 2016 18:38 AM

            Agreed. I’ve been interested in Immanuel Velikovsky’s catastrophe theory for a while , and like many great thinkers, he was mocked and unfairly marginalized by the scientific community.

            I did always get a kick out of Carl Sagan though, and the Cosmos series is a classic.

            Carl Sagan – ‘A Glorious Dawn’ ft Stephen Hawking (Symphony of Science)

            https://www.youtube.com/watch?v=zSgiXGELjbc

    Nov 17, 2016 17:06 PM

    “…proclaimed *expert* avoid…”

    Nov 17, 2016 17:24 PM

    Jesse Jackson Tells Obama: Give Blanket Pardon To Hillary Clinton

    Shortly after a haggard-looking Hillary Clinton made her first public appearance since the election, Jesse Jackson called for President Obama to issue a blanket pardon to Hillary Clinton before he leaves office, just like Ford did for Richard Nixon. Speaking at President Gerald Ford’s alma mater, while stopping short of saying Clinton did anything wrong, Jackson told a large crowd of University of Michigan students, faculty and administrators gathered at daylong celebration of his career that Obama should short-circuit President-elect Donald Trump’s promised attempt to prosecute Hillary Clinton for use of a private e-mail server.

    “It would be a monumental moral mistake to pursue the indictment of Hillary Clinton,” Jackson said and added that issuing the pardon could help heal the nation. In 1974, Ford, a University of Michigan alumnus, issued a full and complete pardon of Nixon for any crimes he may have committed. He said the pardon was in the best interests of the nation.

    http://www.zerohedge.com/news/2016-11-17/jesse-jackson-tells-obama-pardon-hillary-clinton

    CFS
    Nov 17, 2016 17:25 PM
    CFS
    Nov 17, 2016 17:33 PM

    In a major move to explore the use of digital currency in Singapore, the city state’s central bank plans to launch a pilot project with the country’s stock exchange and eight local and foreign banks to use blockchain technology for interbank payments.

    Cross-border foreign currency transactions will also be reviewed under the pilot as Singapore’s central bank looks to position the financial center as an important Fintech hub.
    The effort is supported by the R3 blockchain research lab and BCS Information Systems, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at the Singapore Fintech Festival
    “Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency,” Menon said on Wednesday.
    (SINGAPORE) The consortium includes Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Ltd, Credit Suisse, DBS Bank Ltd, The Hongkong and Shanghai Banking Corp Ltd, JP Morgan, OCBC Bank, Singapore Exchange and United Overseas Bank.

      b
      Nov 17, 2016 17:04 PM

      That is neat news.
      Once a digital currency can be used for taxes, do the rest become pointless?

    Nov 17, 2016 17:35 PM

    Hispanic Consumer Confidence Surges Post-Trump

    Well, that was not supposed to happen…

    http://www.zerohedge.com/news/2016-11-17/hispanic-consumer-confidence-surges-post-trump

    Nov 17, 2016 17:24 PM

    They are just buying all they can before the wall encloses them…