It's not just "tinfoil blogs" who (for the past 11 years)
have been warning that a monetary reset is inevitable and the only
viable fallback option once trust and faith in fiat is lost, is a gold
standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too.
An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that "if the entire system collapses, the gold stock provides a collateral to start over." De Nederlandshce Bank(DNB)もしくはDutch Central Bankの論文によると、彼らの主張が多くの人にショックを与えた「もし全金融システムが崩壊すると、ゴールド備蓄がシステム再起動の担保となる。」というものだ。
While gloomy predictions of a monetary reset are hardly new, they have
traditionally been relegated to the fringe of mainstream financial
thought - after all, as Mario Draghi stated on several occasions in
recent years, the mere contemplation of a "doomsday scenario" is enough
to create the self-fulfilling prophecy which materializes it. As such,
it is stunning to see a mainstream financial institution open up about
the superior value of limited supply, non-fiat, sound money assets.
It is also hypocritical given the diametrically opposed Keynesian
practices regularly engaged in by central banks and official
institutions worldwide: after all, just a few months back, the IMF published a paper bashing Germany's adoption of the gold standard in the 1870s as the catalyst for instability in the global monetary system.
Fast forward to today, when the Dutch Central Bank is admitting not
only did gold not destabilize the monetary system, but it will be its
only savior when everything crashes.
"If things go wrong, prices may fall. But, crisis or not, a gold bar
always holds value." This makes it the opposite of "shares, bonds and
other securities" all of which have inherent risk.
Photo of gold bars from the DNB's article "Goud van DNB."
According to the IMF's latest data, the DNB holds 615 tons (15,000
bars) of gold mainly in Amsterdam, with other stores in the U.K. and
North America; the value of this gold reserve is over €6 billion ($6.62
billion). Calling gold the “trust anchor,” the article details briefly
why the hard asset is so important to wealth building and the global
economy, claiming: "Gold is... the trust anchor for the
financial system. If the whole system collapses, the gold stock provides
a collateral to start over. Gold gives confidence in the power of the
central bank's balance sheet."
Why this sudden admission of what goldbugs have been saying for
years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to "the new DNB Cash Center at military premises in Zeist."
Almost as if the Netherlands is preparing for the grand
reset, and is moving its most valuable asset to a "military"
installation just for that purpose.
それはまるでオランダが the grand reset に備えているかのようだ、そして最も価値のある資産を「軍隊」監督下に移動している。
As bitcoin.com tongue-in-cheek points out, "DNB is no stranger to
playing along with the Keynesian, inflationary games of the global
monetary system. A system which, according to some, is now more a Ponzi scheme based on force and blind faith than sound economic principle. That
notwithstanding, the centralized financial powers of the world know the
real score, and that’s why hard assets like gold are hoarded and locked
down while everyday, individual residents of these geopolitical
jurisdictions are encouraged to spend and spend, going further into debt
to prop up ultimately unsound national economies."
It is hardly a coincidence that in its preparation for monetary
doomsday, the Dutsch Central Bank is also set to begin cracking down on
crypto exchanges and wallets, stating that "firms offering services for
the exchange between cryptos and regular money, and crypto wallet
providers must register with De Nederlandsche Bank."
While the push for greater KYC/AML transparency is a growing global
trend, and is hardly surprising in a world in which trillions in assets
reside in "tax-evading" offshore jurisdiction, the remarkable aspect of
this latest crackdown against crypto - which many see as a modern, more
efficient form of "gold" - is the fact that invasive regulations and
restrictions by central banks can be seen as yet another means of
stockpiling precious assets. This time, not gold bars, but bitcoin and
crypto.
As for the timing of the "great monetary reset", which other central
banks have already quietly hinted at themselves amid massive
repatriation of physical gold from the New York Fed to various European
central banks such as Germany and Austria, we are confident
that the trust-keepers of the current establishment - such as other
central banks and the IMF - will be kind enough to provide ample advance
notice to the citizens of the "developed" world to exchange their fiat
into hard assets. Or, then again, perhaps not.
「great monetary reset」と期を同じくして、他国中央銀行もすでに密かに自国金塊をNew York Fedから幾つかの欧州各国の中央銀行に回帰させている、たとえばドイツとかオーストラリアだ、ZeroHedgeはこう確信している、他国中央銀行やIMFのような既存のイスタブリッシュ達のtrust-keeper は「先進国」の市民に対して管理通貨をハードアセットに交換するように知らしめるだろう。まあ、いつもの繰り返しだが、そうではないかもしれない。
Amazonで買物をしてContrarianJを応援しよう Silver Outperforming Gold 2 Adam Hamilton July 26, 2019 3232 Words Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver’s upside potential is massive. ここ2週シルバーは急騰した、ゴールドを遥かに凌ぐものだ。これは注目すべきことだ、もう何年もシルバーはひどいものだった。この極端に嫌われた金属が大きく心理を買えている、とうとうゴールド上昇を増幅するに至った。シルバーは対ゴールドで極端に過小評価されているだけでなく、投資家は積極的に買い進んでいる。シルバーの潜在上昇力は巨大なものだ。 Silver’s performance in recent years has been brutally bad, repelling all but the most fanatical contrarians. Historically silver prices have been mostly ...
Amazonで買物をしてContrarianJを応援しよう Junk Bond Bubble In Pictures: Deflation Up Next by Tyler Durden Fri, 07/19/2019 - 14:37 Authored by Mike Shedlock via MishTalk, The widely discussed "everything bubble" is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed ... 幅広く議論されている「everything bubble」は実際に企業ジャンク・ボンドバブルにも言えることであり、これはFEDによりドーピング注入されている・・・ The highest grade AAA corporate bonds yield 2.75%. BBB-rated corporate bonds, just one step above junk, 3.5%. BB-rated bonds yield just 4.28%. 最高級ランクAAA企業債権の金利は2.75%だ。あとひとランク悪化でジャンク・ボンド入りするBBB債権金利は3.5%。BB格付け債権の金利でもわずか4.28%でしかない。 Corporate Bond Spreads 企業債権金利のスプレッド The spread between Prime AAA bonds and lower-medium grade bonds (see chart below) is just 0.77 percentage points. 最上位AAA債権と低中ランク債権のスプレッドがわずか0.77%しかない。 The spre...
Class 8 Heavy Truck Orders Crash 68% in January by Tyler Durden Wed, 02/06/2019 - 17:25 Among the latest dismal news about the strength of the US economy, on Tuesday ACT Research released preliminary truck orders for January 2019 which showed that Class 8 truck orders collapsed an astounding 68% for January. The decline is being attributed to a 300,000+ vehicle backlog potentially prompting fleets to halt purchases in the near term. 米国経済に関し最近憂鬱なニュースが多い中で、火曜にACT researchが2019年1月のトラック発注を開示した、1月にClass 8のトラック発注がなんと68%も急落した。この発注減は短期的に300,000台超の潜在在庫を生み出す。 Specifically, in January Class 8 net orders were 15,800 units (14,700 SA; 176,400 SAAR), down 68% YoY and down 26% MoM. Class 5- 7 January net orders were 23,400...
Gold Stocks Surge Higher Adam Hamilton February 22, 2019 2932 Words The gold miners’ stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run considerably higher in coming months. 今週金鉱株は力強く上昇し新高値となった。上昇が積み上がりこの小さなコントラリアンセクターはさらに注目を集めている、これが心理を強気なものにする。ラリーが加速するが、金鉱株はテクニカル的にはまだ安値で、対ゴールドでとても過小評価されている。というわけで力強い上昇は今後数ヶ月まだかなりな上昇余地がある。 The gold miners’ stocks are ultimately leveraged plays on gold, which overwhelmingly drives their profits. The much-maligned yellow metal has enjoyed a strong upleg since mid-August, when record gold-futures s...
一定のエネルギーが外部から流入する系ではその流入量が普遍一定でも、散逸構造、自己組織化をすることが知られています。散逸構造では空間時間的な周期構造が生じます。たとえば隔離された無人島にうさぎときつねを放した場合、時間とともに均衡値に近づきますが、完全な定常状態にはならずその前後で周期的な変動が起きます、うさぎを捕食しすぎてが減るとキツネの食料が減りキツネの個体数上昇には限界が生じ、その後うさぎの個体数が増えます。うさぎの数もその島の植物総量に限界があります。 株式市場にも30年前後のバリュエーション変動があります。管理人はこの原因はたぶん投資家の世代交代に起因するものだと感じています。多くの人の投資寿命は30年前後です。私を含めて現在投資をしている人は英國や日本で政府債務解消のための金融抑圧など記憶にもないでしょう、学校の歴史でも教えてくれません。あの米国でも金本位制のなかで国民からゴールドを強制買い上げし、ゴールド価格を改定したり個人がゴールド保有を長年禁止していたことを多くの人は知らないでしょう。少なくとも私は学校の歴史で習った覚えがありません。 また大統領任期に関連した8年前後の変動があります、政党は政権を維持するために選挙に向けて財政刺激策を行いますが選挙後にはこれが息切れします。大統領選挙前数ヶ月の株価動向と選挙結果、民主共和転換、の相関は90%を超えています。トランプのときもそうでした、YellenはFRB議長としては珍しい熱心な民主党員で、FEDバランスシート正常化の先送り、二回目の金利引き上げの先送りをしたのですが、2016年秋には株価が徐々に下落してしまいました。 次に短いのが1年の変動で気候に関する人の気分や新学期・新年度に関するものです。もっと短いのが週間の変動で、月曜や金曜は特異的な動きをします。こういう繰り返しは左の参考図書「市場のサイクルは永遠に」に解説されています。 Are We In A Secular Bull Market? Written by Lance Roberts | Jan, 7, 2019 Just recently, Jeff Saut from Raymond James made a very interesting statement with re...