- Source, Fin News:
How Much Gold Should you Have?
I recommend investors have 10 � 20 per cent in gold or other precious metals. 10 per cent for the conservative investors, 20 per cent for the more aggressive investor. This will serve you well in inflation or deflation, war and peace. So it really is an insurance policy, everyone should have it. Not all in, but 10 � 20 per cent.
Stocks Will Go Higher for the Wrong Reasons
Stock prices will continue to go higher as long as the Fed and other central banks are pumping out money. It is a bubble. It will end badly. People will find that this crashes, 30 � 40 per cent in the matter of weeks, maybe even less. But, in the time being I expect stock prices will go higher, but not for the right reasons.
- Source:
Kevin O�Leary Talks Taper with Jim Rickards
�The economy is not getting better�The fundamentals of the economy are not good, and I think that�s what the Fed said today. If the fundamentals were good, they would have just tapered and left it alone. That�s not what they did. They said they�d taper, then gave a very dovish guidance.� Mr. Rickards also believes the Fed had to acknowledge that QE is not producing inflation, which was their goal all along. This is largely due to the fact that the velocity of money has not picked up enough to cause inflation. Now they will need to try other things. �They really don�t know what they�re doing.�
We Should Expect A Dollar Collapse
"Gold is Going to $7000.00 or Higher Based on fundamental's, now is a Good Buying Opportunity" When it's to late & you want to buy Gold Your Not Going Be able to find It. " The Fed Does Not Know What I Is Doing" "The Fed is Manipulating the Dollar" - "The Fed Has Painted Itself In a Corner and Has No Way Out" - "We Should Expect A Dollar Collapse"
Inflation Will Take Precious Metals Much Higher
I think that the Fed and the other central banks are going to win the battle. Deflation is the national state of the world but central banks fear deflation so much they�re going to force inflation to happen. The problem is, when they�ll get a little inflation they�re going to find they�ve got a lot of inflation and it is going to take precious metals prices up much higher. But you know, if might play out of several years. I�m not saying this will happen in three to six months.
- Source Finance News Network:
Caution in the World of Bitcoin
Bitcoin is an interesting phenomenon. I�ve actually read a number of the technical papers, a number of legal briefs on them. I�m not anti-bitcoin or [a] bitcoin basher. I don�t invest in them personally, I don�t recommend them to clients. I understand them technically. They seem to appeal to technophiles and libertarians.
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
Bernanke's Best and Worst Decisions
- Source, Biz Asia America:
Don�t Worry Wall Street, The Fed�s (Still) Got Your Back
Don�t Worry Wall Street, The Fed�s (Still) Got Your Back
Where is Gold headed in 2014?
It really depends on the battle between deflation and inflation. Ultimately, I see gold much higher, as you know Lelde, I see it at $US 7,000 or $US 9,000 an ounce, possibly higher � Based on fundamentals and based on loss of confidence in the existing international monetary system.
But, if it did go lower that would be a very powerful price signal that deflation is winning the battle. There is a battle between deflation and inflation. I think ultimately inflation will win because the central banks will insist on it. But in the short run deflation could win, that could take it a bit lower.
But, if it did go lower that would be a very powerful price signal that deflation is winning the battle. There is a battle between deflation and inflation. I think ultimately inflation will win because the central banks will insist on it. But in the short run deflation could win, that could take it a bit lower.
- Source, Finance News Network:
If you were a victim or have any information...
... please contact the authorities! Do not contact a pastor, a church, or anyone but the police in the applicable jurisdiction. If you need help finding the appropriate agency to notify, please contact a member of S.N.A.P. and they will help you.
Attention Bellevue members. You need to read this as it mentions one of your former fair-haired boys:
Southern Baptists, the ERLC and the "devil-haunted universe"
Here Amy Smith does a great job of illustrating the cognitive dissonance between the problem of clergy sex abuse in the SBC and the continuing policy of the SBC leadership ignoring it or at best giving passing lip-service to it while crowing about "apply(ing) the gospel of the kingdom to the major cultural issues of our day."
This is the stated purpose of the SBC's recently-formed "ERLC Leadership Network" in the words of Russell Moore. I still laugh every time I read this.
The ERLC Leadership Network is about ministering in the midst of a devil-haunted universe," ERLC President Russell D. Moore said. "As we come alongside one another, we'll talk about crucial ethical issues confronting churches and how we can engage the culture with a Gospel-focus. We'll think through issues that aren't yet confronting churches, but will, and how we can best go through the difficulties of life and local church ministry with a joyful warrior kingdom expectancy-marching toward Zion on the triumphant side of history.
Who talks like that?! Such flowery language to describe a do-nothing bunch of self-righteous, back-slapping good old boys! (No women are allowed on the council.)
As Amy Smith observed...
How about start with the crucial issues already confronting churches? What about the "devil-haunted universe" of child sex crimes committed by their own Baptist ministers? Or are we really looking at a case of the ERLC picking and choosing "crucial ethical issues" based on selective moral outrage? I can't think of any issue more pressing and damaging to churches and kids within churches today than the ravaging of souls by child sex offenders.
Why, yes. Yes, they are picking and choosing. Because we all know that the "crucial ethical issues" of gays and women in leadership positions and wives who refuse to "respect" and "submit to their husbands in all things" are at the root of all of the church's problems.
I'm reminded of quotes from Bill Gothard (whose seminars Bellevue bused members to during the '80s and whose books and "principles" Adrian Rogers endorsed), or more recently, members of The Fellowship, aka "The Family," as documented in Jeff Sharlet's The Family and C Street. While I don't always agree with Mr. Sharlet's political views, he exposes (with copious footnotes and personal accounts from living among them) the influence "fundamentalists" have had on the world. The "conservative resurgence" is but a microcosm of this much larger organization whose "face" is the National Prayer Breakfast, the purpose of which is not to focus on God and prayer (surprise!) but "to be a forum for the political, social, and business elite to assemble and build relationships."
"The ERLC helps me think biblically and in Gospel-responsible ways about the issues confronting our people every single day," said [J.D.] Greear. "To not speak and think about these issues would be doing our people a great disservice. Russell Moore has assembled an excellent team to both represent us well, and help us lead our people well. The ERLC is a gift to our church and to the larger body of Christ."
Well, J.D., you and your buddies are doing your people a great disservice! Y'all can form all the good-old-boy committees you want, but until you put actions behind your flowery language, you're only making noise while victims continue to suffer in silence. It's time to man up, boys!
The Chinese Gold Floor
When it [the price of gold] got to US $1,900 [per ounce] I feel like that was a little bit of a spike. Now, I don�t think it is a bubble because you have to look at fundamentals. The fundamental price of gold will be much, much higher. But, when any � again, it doesn�t matter if is gold or any other commodity or stock for that matter � when it runs up that far that fast, you can expect a pull-back.
I didn�t necessarily expect a pull back to these levels but it�s interesting we�ve tested kind of $1,250 level three times. And, there does seem to be a floor there. I call it the Chinese floor - they do need to buy at the end of the day.
I didn�t necessarily expect a pull back to these levels but it�s interesting we�ve tested kind of $1,250 level three times. And, there does seem to be a floor there. I call it the Chinese floor - they do need to buy at the end of the day.
- Source, Finance News Network:
Jim Rickards - China, Gold, Bit Coin, Stocks, What to Expect in 2014
You know, whenever you are trying to solve a crime you say, �Who has the motive?�. The person with the greatest motive to keep the price of gold low is actually China, because they have the most to buy. So, people point the finger at the Fed, but you might suspect China, but also hedge funds are involved.
Traditionally hedge funds were not very involved in gold, they are now. Hedge funds don�t care if they trade gold or base ball cards, for them it is all about making money. And, they engage in manipulation. And, the enforcement side in the United States is very weak right now, so it�s almost an invitation for hedge funds to come in and play games.
So there are a number of things going on, some of them technical.
- Source:
Buying Every Ounce They Can Get Their Hands On
�It�s a very high hurdle for [Yellen] to reverse course," but �she might because she�s more dovish than Bernanke and I expect a recession in 2014.
China and Europe are just buying every ounce they can get their hands on and that actually makes sense.
If the price is being suppressed because weak hands are dumping it or there�s manipulation in the market, you would expect people to buy it.�
China and Europe are just buying every ounce they can get their hands on and that actually makes sense.
If the price is being suppressed because weak hands are dumping it or there�s manipulation in the market, you would expect people to buy it.�
- Jim Rickards via a recent Yahoo Finance interview.
You Can Borrow Money As Long As You Want
�We didn't get a pure tapering, we got two messages: one is they�re going to begin tapering in modest amounts and the other was that they've made it very clear that they�re not going to raise interest rates for a very long time.
What the Fed is saying is �Don�t worry we've got your back, you can borrow money for as long as you want,� and that�s what the stock market wanted.�
What the Fed is saying is �Don�t worry we've got your back, you can borrow money for as long as you want,� and that�s what the stock market wanted.�
- Jim Rickards via a recent Yahoo Finance interview.
You�re Going To Find There�s No Gold Available
Fed Chairman Ben Bernanke announced Wednesday that the Federal Reserve would begin tapering its $85 billion monthly bond-buying program in January.
The $10 billion dollar monthly cut to the Fed�s purchases of Treasuries and mortgage-backed securities comes amid a series of positive economic indicators including a falling unemployment rate, higher GDP and improving housing numbers.
- Source Yahoo Finance:
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