“Prosperity is like a Jenga tower. Take one piece out and the whole thing can fall.”
That’s a direct quote from John Williams, the President of the San Francisco Federal Reserve Bank in a speech he gave a few weeks ago.
He could have just as easily been talking about propaganda. The Fed, the White House, Wall Street, the media have a vested interest in peddling a certain narrative a... read more
The "unsinkable" global financial system is rushing headlong toward its encounter with the iceberg.
Why did the Titanic sink, despite being considered unsinkable? The conventional answer is the design of its watertight compartments was flawed: the watertight bulkheads were limited in height to a few feet above the waterline.
The ship was designed such that if the first few compartments... read more
I only know of two men who really understand the true value of gold — an obscure clerk in the basement vault of the Banque de Paris and one of the directors of the Bank of England. Unfortunately, they disagree.
— Lord Nathan Rothschild
Money is gold, and nothing else.
— J.P. Morgan
Nobody really understands gold prices, and I don’t pretend to understand them either.
... read more
With stocks flat, crude oil falling nearly 4 percent, and gold trading lower, today a 50-year market veteran warned King World News that we are headed for some very difficult economic times globally.
John Embry: “I have to open by saying that Egon von Greyerz’s weekend contribution to KWN was an epic of logic. It should be required reading for all of our feckless central bankers and th... read more
It has become fashionable to lament that central banks have run out of ammo. While this may be true in some sense, we believe it also obscures the underlying issue — monetary policy intervention is not always the best remedy for an ailing global economy.
In particular, it's time for policymakers to broaden their horizons beyond interest rate cuts towards more meaningful structural and fis... read more
Since 2007, the world’s Central Banks have collectively put more than $14 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 17% of global GDP.
This kind of money printing is literally unheard of in modern history. And it has set the stage for a roaring wave of inflation to hit the financial system. Indeed, the first signs are a... read more
Today former Presidential advisor Larry Lindsey warned King World News this will end in tears and gold will reenter the monetary system.
Eric King: “You mentioned about the Fed and the right way to take back control of our money — can you talk about that?”
Larry Lindsey: “Yes. One of the things on my resume is that I was a Fed Governor for 5 1/2 years. And if you look at our... read more
