Money manager Peter Schiff says the Federal Reserve has already
started a new money printing program that continues to expand the debt
bubble and keep global markets propped up. This started abruptly last
month in what is called the “repo market,” where the Fed provides
liquidity for traders of short-term money or overnight funding.
Peter Schiffはこういう、FEDはすでに紙幣印刷プログラムを再開している、債務バブルを膨らまし世界株式市場を支えている。これは先月突然「レポ市場」で始まった、ここでFEDは短期的な一夜もの流動性を供給している。
Schiff says, “When the Fed was doing QE3, they were buying $85
billion worth of debt per month. They (Fed) just did $176 billion in
three weeks, and they say they are not doing QE..."
"So, the Fed is monetizing more debt not doing QE than when
they were doing QE, which means they are doing it and they are going to
have to do more of it. The reason they are doing it is because
the markets are finally trying to move interest rates higher because the
Fed has been suppressing them. They are artificially low, and these
artificially low interest rates have done tremendous damage to the
economy over the years. Now, rates are rising, and the Fed is trying to
stop this from happening. They shouldn’t do this, but this is what they
have to do to keep the bubble from imploding. This is why they
have to go back to QE. If they didn’t, rates would be much higher, the
stock market would be much lower, real estate prices would be coming
down and we would be heading for another financial crisis.”
What is the end goal in all of this? Schiff contends, “The only goal our leaders have is to postpone the pain so they can get re-elected..." この状況の到達点は何だろう？Schiffの主張はこうだ、「我々の指導者の唯一の目的は痛みを先延ばしし、再選されることだ・・・」
"That’s the whole idea. Look, this is a gigantic time bomb; we just have to make sure that the fuse is longer. We
have an election coming up, and the Fed Chair just wants to make sure
they can keep everything going long enough to resign and have somebody
else be the fall guy. Nobody cares about the long term health of the
economy, and the plan is to delay the inevitable and pretend everything
is good. . . . As far as the debt is concerned, the debt is never going to be repaid. We can’t repay it, and, in fact, nobody even believes we are going to repay it.”
So, what is the next move by central bankers?
Schiff says, “It’s more politically expedient to take the printing
route, especially because nobody believes they are going to destroy the
currency..."
"They think they are going to print enough money to reduce the value
of the debt enough to make everything go away. It’s like trying to get a
little bit pregnant, which is impossible to do. So, once they start
monetizing debt in that way, then that’s it. The dollar is going
to get killed. That’s where we are headed. That’s the only thing that
hasn’t happened yet. Gold has broken out. Gold is over $1,500 per ounce,
and it is hitting record highs in most currencies. Not in the dollar,
yet. The dollar is still relatively strong against other fiat
currencies, but the fact it is this weak against gold shows you there is
a lot of underlying weakness in the dollar that has yet to manifest . .
. but that is going to happen. When the dollar starts to fall, that’s
going to take the bond market down with it. Long term interest rates are
ultimately going to rise when the dollar tanks.”
Source: Bloomberg
Schiff also says, “I think gold is undervalued relative to where it should be because so many people have too much confidence in central banks and fiat money..."
"They don’t realize they need to own gold. I think they are going to come to that epiphany soon, and when they do, the price of gold is going to explode...
Gold is going to be money again. There is no question in my mind that is going to happen.”
ゴールドは再度マネーになろうとしている。そうなることに私は何の疑念も持っていない。」
Schiff predicts President Trump will not get re-elected but not
because of impeachment, but the failing economy. Schiff says, “The trade
deficits are bigger than they have ever been. They are bigger than they
were under Obama..."
"Manufacturing is already in recession, and it will be deeper in recession by the time the election comes. The numbers are the worst they have been since 2009.
Most blue collar voters who voted for Trump in 2016 will be worse off in 2020. They will have more debt, and they will have lower real wages if they even have jobs.
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 ...
結局、中国は隣国日本で２０年前に起きたことを学んでいなかったということでしょう、というかどの国もどの政府も十分成熟するまでは「わかっちゃいるけどやめられない」ということでしょうね、きっと。 Spooked By Apple? Wait ‘Til China’s Bubble Bursts Written by Jesse Colombo | Jan, 3, 2019 Apple stock plunged nearly 10% on Thursday after the company cut its revenue forecast due to slowing iPhone sales in China. Apple’s woes dragged U.S. stock indices lower by more than 2% as fears of a more extensive China-driven slowdown spread. アップルの株価は火曜に約１０％下落した、同社が中国でのiPhone売上原則を予想したためだ。アップルの弱さが米国株式指数を２％以上押し下げた、中国主導でさらなる原則が広がるのではという懸念からだ。 From the New York Times : ニューヨークタイムスによると： For years, no matter what was happening elsewhere, global companies bet billions upon billions of dollars that China’s consumers would keep spending money. 長年、他国で何が起きようとも多国籍企業は中国消費は巨額を維持することに賭けてきた。 Now, just when the world economy could use their financial firepower, they are no longer so quick to open their wallets. 今や、世界経済が金融弾薬を用いてももはや彼らの財布を緩めることはできない。 The latest sign of a slowdown in...
多量のオピオイドを米国に送り込み、米国で深刻な麻薬中毒問題を引き起こしています。現代版「阿片戦争」です。あのトヨタ初の女性取締役もオピオイド中毒で逮捕解任されましたよね。 US Is Dependent On China For Almost 80% Of Its Medicine by Tyler Durden Fri, 05/31/2019 - 12:55 Experts are warning that the U.S. has become way too reliant on China for all our medicine , our pain killers, antibiotics, vitamins, aspirin and many cancer treatment medicine. 専門家はこう警告する、米国はすべての医薬品、痛み止め、抗生物質、ビタミン、アスピリン、各種抗がん剤で、中国依存度が高すぎる。 Fox Business reports that according to FDA estimates at least 80 percent of active ingredients found in all of America’s medicine come from abroad, primarily from China . And it’s not just the ingredients, China wants to become the world’s dominant generic drug maker. So far Chinese companies are making generic for everything from high blood pressure to chemotherapy drugs. 90 percent of America’s prescriptions a...
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...
Barrick’s average quarterly production since Q4’16 plunged an astounding 8.6% YoY. The reason Barrick’s management blew $6.5b in stock buying Randgold is they desperately needed more production to mask the precipitous drop in their own. Barrick’s total 2018 production of 4525k ounces was 18.0% below the 5516k it mined only a couple years earlier in 2016. At best adding Randgold just regains those losses. Barrickの平均四半期生産は２０１６Q4以来なんとYoYで８．６％下落している。Barrickの取締役が＄６．５Bも投じてRandgoldの株式を購入した理由は、彼らはなんとしても急落する自らの生産量を隠すために生産量増加としたかったからだ。Barrickの２０１８全生産量は４５２５Kオンスで、わずか２年前の５５１６ｋオンスから１８．０％も少ない。Randgoldを買収したところでこの下落を補うに過ぎない。 And GOLD has been suffering the same production struggles as ABX. Over its past 4 reported quarters, Randgold’s gold mined has fallen an average of 7.4% YoY. Can bringing two rapidly-depleting major gold miners together magically make a stronger one? I doubt it. Barrick’s reported production will enjoy a big temporary boost...
