Financial markets

Bill Bonner spoke to James Rickards about central banks’ inability to stop the next financial crisis, as well as a possible financial market lock down.

China and Russia know that it is only a matter of time before the dollar will lose its status as reserve currency. They also know that before this happens, the dollar will start crumbling and eventually disappear into a black hole resulting in an implosion of all the dollar assets and debts.

Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge.

The traditional post jobs report rally for gold is in full swing. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.

Although we cannot reconcile this positive dollar outlook for the medium-term (long-term outlook remains bearish) with a positive outlook for the Precious Metals sector, there are times when the dollar and gold and silver rally together.

“Europe’s bank sector has grown too big and may need to shrink, possibly through mergers or failures (...) many banks in the euro area do not earn their cost of capital.” In other words, they are zombie banks, bankrupt and only kept alive by the liquidity flowing from the ECB.

Few Americans are aware that their real purchasing power has declined by 97% since that illustrious day on August 15, 1971 when Nixon sold the US down the drain. It is now only a matter of time until the dollar goes to ZERO. Es ist jetzt nur noch eine Frage der Zeit, bis der Dollar auf NULL geht.

Fabrice Drouin Ristori's exclusive interview with Charles Gave, economist and president of the liberal think tank Institut des Libertes, on gold, European banks and the risks that may have an impact on savers and investors.

Most pension funds are massively underfunded and the amount they are underfunded by is absolutely astounding. We are looking at a staggering $400 trillion gap by 2050 according to the World Economic Forum.

We seldom hear about the risk of a major financial crisis if rates were to rise – almost never within the official networks and mainstream media. One has to listen to independent “marginal” economists outside the banks or universities, such as our own Egon von Greyerz, or Olivier Delamarche, Bill Bo...