Fratboys at the Punchbowl

by Joe McAlinden
The Gold Report

The Federal Reserve, like chaperones at a fraternity house party, has appeared overly concerned about the prospect of upsetting the party-goers and has backed off from earlier indications that it would raise rates four times this year, says Joe McAlinden of McAlinden Research Partners.

William McChesney Martin, the longest sitting Federal Reserve Chairperson in history, once famously quipped that it was the Fed’s job to “order the punch bowl removed just when the party” really starts to get going. His point was that the Fed should raise interest rates and restrict liquidity to preempt an overheating economy before the economy actually overheats and it is too late. The metaphor is a bit dusty as it’s been over a decade since the Fed was in a tightening mode, but the “punchbowl” reference is increasingly relevant again.

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Why Russia Resents Us

by Patrick J. Buchanan

Friday, a Russian SU-27 did a barrel roll over a U.S. RC-135 over the Baltic, the second time in two weeks.

Also in April, the U.S. destroyer Donald Cook, off Russia’s Baltic enclave of Kaliningrad, was twice buzzed by Russian planes.

Vladimir Putin’s message: Keep your spy planes and ships a respectable distance away from us. Apparently, we have not received it.

Friday, Deputy Secretary of Defense Robert Work announced that 4,000 NATO troops, including two U.S. battalions, will be moved into Poland and the Baltic States, right on Russia’s border.

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Could The Price Of Silver Really Be Set To Surge 214% In Just 8 Months?

from King World News

After the recent bullish advance in the gold and silver markets, one analyst asks a fascinating question: Could the price of silver really be set to surge 214% in just 8 months?

Analyst David P. out of Europe: “Finally, some extremely good news for silver investors. The MACD-indicator on the silver chart has recently turned to a buy signal for the first time since late 2011 (see 28-year chart below):

[…] Analyst David P. continues: “This is the first time ever the MACD has crossed into a buy signal from such oversold levels. Silver was incredibly oversold in June 1982 (not shown on chart), but the MACD shows a much more oversold condition today — i.e more upside potential from a technical perspective.

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Will Your Bank Go Broke Because of Low Oil Prices?

by Justin Spittler
Casey Research

Gold just broke above a key level…

Today, the price of gold topped $1,300 for the first time since January 2015. Gold has now risen six straight days. And it’s off to its best start to a year in decades, up 19%.

Casey readers know gold is real money. It’s held its value for centuries because it’s durable, transportable, easily divisible, has intrinsic value, and is consistent around the world.

Gold typically performs well when investors are nervous about the stock market and economy. And if you’ve been reading the Dispatch, you know there’s plenty to be nervous about right now.

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Running Mate Turns Into Fall Girl

by Pater Tenebrarum
Acting Man

Odd Couple

While checking on the US primaries a few days ago, we came across a piece of news informing us that pretend candle-swallower Ted Cruz had picked Carly Fiorina as his “vice-presidential running mate”. Our first thought upon hearing this was “WTF”?

[…] It’s not so much that he’s picking another “loooooser” as The Donald would put it…the real absurdity of it is that even if Cruz were to win every single one of the remaining delegates (which isn’t going to happen in a million years), he could still no longer gain the number of delegates required to ensure his nomination. This has become a mathematical impossibility.

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Still Report #837 – Cruz Delegates Wavering

from Bill Still

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Update on the US Dollar Index

by Roland Watson
Silver Seek

This is an excerpt of the weekend update sent to subscribers on Sunday. The focus on this portion is the US Dollar Index which will largely determine the direction of silver and gold in the years ahead.

…. but to put things into a longer perspective, look at the chart below. The aforementioned US Dollar Index is charted in green since its inception in the early 1970s when the dollar finally shrugged off any pretence to being linked to gold.

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Critical Life Lessons to Avoid Getting Conned

by Ted Bauman
The Sovereign Investor

I was broke, the hotel insisted on a deposit and it was raining … hard.

I don’t mean broke as in “I left my wallet at home.” I mean there was nothing in the bank — at all. The puny limit on my only credit card was maxed out.

I stood in front of an unimpressed hotel clerk in a modest establishment about two miles from the city center. My employer had sent me to a conference at the last minute. My flight landed after dark, the taxi took an hour to get downtown through the downpour and they wouldn’t let me in unless I gave them the deposit that my office forgot to arrange.

That was the moment when I swore to myself that I’d never be one of the “salaried poor” again…

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A New Digital Cash System Was Just Unveiled at a Secret Meeting for Bankers in New York

by Michael Snyder
The Economic Collapse Blog

Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”. Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data. This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society. But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers? Is there something more going on here than we are being told?

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The Biggest Racket in the Universe

by Chris Campbell
Laissez Faire Books

“How did Uncle Sham come out on top of the power heap?” David Montgomery asks on his page.

It’s a good question.

“From what I can tell,” Montgomery opines, “it’s all about the money. Money is the lifeblood of any regime… The more money a regime extracts from people, the more powerful it becomes.”

Makes sense. The Land of the Free is, after all, the world’s top tax farmer. (And that is, mind you, out of 197 regimes in the world.) The IRS pulls in trillions of dollars each year. Trillions. Yet, it’s rare we see a dime of productive value to show for this absurd level of government spending.

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Jeff Berwick on the Collapse of Current Societal Pardadigm: Gold, Dollar, Parenting & Anarchism

from FutureMoneyTrends

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Houston Office Market Melts Down

by Wolf Richter
Wolf Street

Leasing activity plunges, availability & sublease space balloon

Office leasing activity in Houston in the first quarter plunged 25% from the already beaten-down levels a year ago, to 1.56 million square feet (msf), worse even than during the Financial Crisis, according to commercial real estate services firm Savills Studley.

That’s down 59% from the 3.8 msf of signed deals in the fourth quarter 2014, back when the oil bust was still considered a blip and hadn’t yet impacted the office market.

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