How Much Death and Destrution Awaits Us in 2018?

The New Year is one full of economic, political, and war threats.
Among the economic threats are stock, bond, and real estate markets artificially pumped up by years of central bank money creation and by false reports of full employment. It is an open question whether participants in these markets are aware that underlying reality does not support the asset values. Central banks support stock markets not only with abundant liquidity but also with direct stock purchases. The Japanese central bank is now one of the largest owners of Japanese equities. Central banks, which are supposed to provide economic stability, have created a massive fraud.
Throughout the Western world politics has degenerated into fraud. No government serves the public’s interest. (See: ) Except for some former Soviet satellites in Eastern Europe, European governments have defied the will of the people by admitting vast numbers of refugees from Washington’s wars and others pretending to be refugees. The European governments further imperil their citizens with their support for Washington’s rising aggression toward Russia. The universal failure of democratic politics is leading directly to war.

This post was published at Paul Craig Roberts on December 30, 2017.

10 Reasons to Buy Gold Now

As we pointed out a few weeks ago, we’ve now entered the prime time to buy Christmas cards, decorations, and wrapping paper. Why? Because with Christmas in the rearview mirror, Christmas stuff is all on sale.
There are a lot of reasons to believe gold is also on sale right now.
The investment world has focused most of its attention on stock markets and cryptocurrencies over the last few months. But as an article recently published in Forbes points out, there are at least 10 good reasons to believe now is the time to buy gold.
1. Gold has outperformed the S&P 500 this century. Stock market mania is in the air, but investors seem to have forgotten that the S&P 500 has undergone two 40% corrections this century. If we index both gold and the S&P 500 to 100 as of Dec. 31, 1999, gold has returned better than 80% more than the market.
2. Supply is shrinking and miners are slashing exploration budgets. A number of analysts have predicted a significant drop in gold production is on the horizon. Mining companies have slashed exploration budgets and they are uncovering fewer and fewer large deposits.
3. Gold is a bargain compared to stocks. The gold to S&P 500 ratio stands at its lowest point in 10 years. In other words, the stock market is overvalued compared to gold.

This post was published at Schiffgold on DECEMBER 27, 2017.