Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade. And it looks like annual deficits will be at the trillion dollar level sooner than later when projected spending is factored in. Basically, the United States is going broke. I don’t say that to be hyperbolic. I’m not looking to scare people or attract attentio... read more
INVESTORS PREPARE: China To Launch Massive Bull Market In Gold And These Surprising Markets War In Gold & Silver Heating Up. Look At What Commercial Hedgers And Banks Are Doing Greyerz and Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next STOCK MARKET CRASH WARNING: “Reversal Could Happen Quickly And Strongly…Likely To Induce Panic” Celente – This Is What Has What Has The Elite Worried Across The Globe INVESTORS PREPARE: China To Launch Massive Bull Market In Gold And These Surprising Markets September 16, 2017 Today one of the greats in the business warned King World News that investors should prepare for China to launch a massive bull market in gold and these surprising markets. China To Launch Massive Bull Market In Gold Dr. Stephen Leeb:  “China never rests on its laurels, and China is always thinking ahead.  As we reported recently, China plans to take control of the Eastern oil market – the world’s most dynamic oil market, control over which is likely to lead to China’s control of oil markets outside the East. It’s a step that will lead to a gold-backed yuan being widely used in trade – not just oil trading but trade in general – throughout the East and possibly beyond. It is step that is in the process of launching gold into an epic bull market as gold becomes the center of a new monetary order… IMPORTANT… To find out which junior a leader in the gold mining industry just bought a 20% stake in CLICK HERE OR BELOW: Sponsored At the same time, this farsighted country is thinking several moves beyond oil. Oil is going to be around for a long time still – for decades, if not generations. But there will come a time when oil will fade and other energy sources will power the world – including powering automobiles – and China is making sure it will be dominant in those sources as well. In the future, like today, the country with the greatest control over energy is the country whose currency will be the world’s most important. Among industries where new energies will play a massive role is automobiles. China Moving To Control The Auto Market This past week, China announced it was drawing up plans to phase out sales of cars with internal combustion engines (something many European countries and Britain have announced they are planning as well) and promote electric vehicles (EVs). At first glance, this seems to be a noble goal. China is committed to reducing greenhouse gas emissions, and EVs are more climate-friendly than gas-powered vehicles.  But it’s revealing that this wasn’t the only car-related story from China this week. Another was a story in The Financial Times reporting that China’s auto companies are going after export markets. Geely Automobile will begin selling one of its leading brands in Europe next year. Great Wall, another large Chinese automaker, already has begun selling pickup trucks in Italy and is trying to acquire the Jeep brand from Fiat Chrysler. And BYD, China’s largest company in the auto arena, has been exporting electric buses to the U.S. We see these stories as intricately related. They point to China’s ultimate goal, which is to secure a global franchise in one of the world’s most important industries – automobiles – as part and parcel of its intention to maintain control over all the minerals and resources that will be needed to power cars in the post-oil world. And that, in turn, is essential to China’s determination to maintain a gold-linked yuan, or probably a basket of gold basket of gold-backed currencies that include the Yuan, as the world’s predominant currency, something that will ensure China’s control over its own fate. Here’s how I see it. By announcing it intends to phase out gasoline-powered cars, China can plausibly tell the world, sorry, we can’t export to you the critical minerals and commodities needed to make the most efficient, most cost-effective EVs. But hey, what we can do is sell you the efficient EVs that we make right here in China. It’s a characteristic mark of its foresight that China has been accumulating and stockpiling those critical EV components. First and foremost, among them are heavy rare earths. They are needed to make the most powerful permanent magnets,  a critical source of free energy, which in turn are critical to making the most efficient electric motors. China has a vertical monopoly in heavy rare earths and essentially controls around 90 percent of the world’s supply, an enormous boon to its automakers and a benefit that car companies outside China must do without. Tesla, for instance, has had to rely on induction motors, which result in less efficient engines.  China Has The Rare Earths Now here’s a historical tidbit worth mentioning in this context: Deng, China’s first leader as the country was transforming its economy in the 1970s, once said that while the Middle East had oil, China had rare earths. That was long before anyone was contemplating the end of the oil age. Now, quite remarkably, China is positioning itself simultaneously not just as the leader in rare earths but as a leading factor in oil as well. Not only is it the world’s biggest oil importer, underpinning its ability to create an Eastern oil benchmark. It’s also the biggest provider of refined oil products, at least to the East. Once China seals the deal by backing oil trading with a gold-linked yuan, its control over oil will extend more broadly to overall trade within the East and likely beyond. But if its multi-tentacled role in oil will guarantee China’s overall preeminence today, what about in coming decades when the age of oil finally ends? That question brings us back to China’s announcement about curbing sales of gas-powered vehicles. A day after making the announcement, China pulled back a bit, saying its automakers weren’t ready for the rules they planned to impose – a kind of cap and trade system designed to reward companies producing the most EVs – and that they would be put off to 2019.  As we noted, it seems the real purpose of making this announcement now, when the rules were still in such a rough and ready shape, was to stake a claim to leadership in new energies as an excuse for holding onto all the resources needed to implement them.  Rare earths for EV engines are far from the only critical resources that are relevant. EVs also depend on efficient batteries. And, predictably, China by a large margin is the world’s largest battery producer. And guess what China is the country that has the greatest access to the commodities and minerals essential to EV batteries.  One of these is lithium. China through holdings it has in Australia as well as within its own borders has huge lithium holdings, and there’s also evidence that it has been stockpiling lithium. China Controls Cobalt… Another essential component of EV batteries is cobalt, probably the most expensive ingredient going into electric car batteries and a mineral that Tesla has said it’s even more concerned about obtaining than lithium. While you can make batteries without cobalt, they’re less efficient, and Tesla needs efficient batteries to compensate for its less-efficient engines. China has a secure source of cobalt through its purchase of a major Congolese mine, along with its overall strong relationship with the Congo, which has the world’s largest supplies. And Graphite One last chemical we must mention is graphite, which is vital for virtually all rechargeable batteries. China controls the natural graphite market. We say natural because while there is a substitute for natural graphite, it’s expensive – and, coming round full circle here, it involves oil products. To sum up: looking ahead – as China is doing – to the post-oil world, the Middle Kingdom, by announcing its commitment to a greener EV world, has made a case for withholding from the rest of the world many of the critical resources needed for that world. Instead, China can export its cars – essentially tantamount to maintaining control over the next major energy source, or more precisely the product whose efficient use of energy will be most critical in a world without abundant oil. Smart. And no one should be surprised. China To Link Its Currency To Gold It amounts to a multi-generational plan to control energy and via that control to maintain currency hegemony. And it all starts with gold, because the genesis of China’s currency control will be linking its currency to gold as the new Eastern oil benchmark gets underway. All investors should model themselves on China in securing their own future – thinking and planning ahead and establishing as large a position in gold as possible.” ***Later today KWN will be releasing an audio interview that you won’t want to miss. ***ALSO JUST RELEASED: War In Gold & Silver Heating Up. Look At What Commercials And Banks Are Doing CLICK HERE. © 2017 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged. 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China To Launch Massive Bull Market In Gold Dr. Stephen Leeb:  “China never rests on its laurels, and China is always thinking ahead.  As we reported recently, China plans to take control of the Eastern oil market – the world’s most dynamic oil market, control over which is likely to lead to China’s control of oil markets outside the East. It’s a step that will lead to a gold-bac... read more
After 8 years of reckless central bank policies and bubbling stock prices, today one of the greats in the business issued a stock market crash warning. Head of Floor Operations at UBS:  Of Calendars And Cautions – This year has seen many longstanding seasonal patterns fail to perform. Sell in May and Go Away was a clear loss maker this year. The traditional market weakness in August and... read more
Bitcoin tumbled, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of cryptocurrencies by the end of September. Regional Chinese regulators were notified of the timeline by a central bank-led group overseeing Internet finance risks, said the people, who asked not to be named because the information is private. Bitcoi... read more
The four-decade long monopoly of the U.S. Petro-Dollar as the world’s reserve currency is coming to an end.  Unfortunately, most Americans have no clue that when the Dollar loses its reserve currency status, life will get a lot tougher living in the U.S. of A.  Let’s say, Americans will finally receive “Precious metals religion.” The U.S. Dollar Index fell considerably yesterday and... read more
Dear President Trump, Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs. And that those elites would use this new currency to replace the U.S. dollar as the global reserve currency.... read more
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private. Aut... read more
Today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about the biggest crisis the world has ever faced and the silver breakout. “Risk involves the chance an investment’s actual return will differ from the expected return. Risk includes the possibility of losing some or all of the original investment.” — (In... read more
Gold gained in Asia on Friday as investors awaited a potential ICBM test by North Korea on September 9 to mark its founding as a nation, with regional views mixed on the prospect for actual military confrontation. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose 0.56% to $1,358.05 a troy ounce. China's trade balance data came in at a surplus... read more
In 1869, a 48-year old Jewish immigrant from the tiny village of Trappstadt in Germany’s Bavaria region hung a shingle outside of his small office in lower Manhattan to officially launch his new business. His name was Marcus Goldman, and the business he started, what’s now known as Goldman Sachs, has become the preeminent investment bank in the world with nearly $1 trillion in assets.... read more
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