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Posts by Louis Palafoutas

Unsustainable Debt Burdens

While the U.S. government can seemingly borrow and spend without limits, the U.S. consumer appears to be nearing the end of its rope. Somehow this always seems to happen at the worst possible time. The problem, of course, is that U.S. consumer debt has gone parabolic since early 2009. Student loans, auto loans, and credit…

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How Will This Global Debt Bubble Ever End?

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The two games are connected: asset bubbles require leverage and credit. Prices for homes, stocks, bonds,…

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Diagnosis of Gold Correction: Normal

Murphy’s Law, applied to gold and silver: the price will fall right after you buy. As most of you know, gold and silver have been on a tear this year. Gold hit $1,363.75 (based on London PM fix) on August 2. But yesterday it fell to $1,253.45, what amounts to an 8.1% pullback. As you’re…

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Beware Of Digital Wealth

“The numbers that represent your accounts in banks and credit cards have numbers that represent balances. Your stock investments have numbers that represent performance. The whole digital illusion leaks like a sieve. Fraud is everywhere, in the banks, in your computer, in your devices, everywhere. Nothing is safe, none of your digital wealth is safe.…

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Financially Engineered Wealth

Tiago André Aug. 15, 2016 11:14 AM ET Financial theory tells us that as the discount rate goes down asset prices go up. Central banks are artificially pushing asset prices higher with their zero interest rate policy. Monetary policy has failed to create jobs but has increased disparity between rich and poor and unfairly transferred…

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LCR Coin Partners With The Royal Canadian Mint

LCR Coin is proud to announce it has been chosen by The Royal Canadian Mint to join their exclusive Bullion DNA Dealer Program. The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company, the Mint is recognized as one of the largest…

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China smells blood as Venezuela accelerates gold sell-offs

Venezuela’s $1.7bn gold sell-off in the first quarter of 2016 has made them a prime target for ’conquest by capital’ from their primary global financier, China. Wednesday night, the Financial Times reported that Venezuela’s gold reserves “plunged to their lowest level on record” after their central bank made the decision to sell 1.38-million ounces of…

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