Via SchiffGold.com,
Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.
Peter Schffは９月１７日にRT Boom Bustで金利、ゴールドそしてドルについて語った。Peterが言うには、次の景気後退で管理通貨は生き残れないだろう、と。
The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what’s going on.
Peter noted that the Fed has been artificially suppressing interest rates, particularly since the 2008 financial crisis.
Peterが言うには、FEDは人工的に金利を抑圧してきた、特に２００８年の金融危機以来だ。
And by keeping interest rates artificially low, they have created a
bubble that’s much bigger than the one that popped in 2008. And what
happened this morning is you could see the air coming out of that
bubble, because the market is trying to bring interest rates higher
because we have no real savings in this country. We have enormous debt. Everybody
is levered up to the max — government, the private sector, business,
consumers — because rates have been so low, we’ve borrowed so much money.
The market wants interest rates to be higher but the Fed doesn’t want
that to happen because the road back to normal interest rates is a very
bumpy one because it’s going to take us right through another financial
crisis. So, the Fed is trying to keep interest rates artificially low
and they almost lost control of it this morning. “
In effect, the Fed created about $50 to $70 billion out of thin air to supply the liquidity that the market needed.
実際には、FEDは＄５０Bから＄７０Bの資金を無から生み出し市場の要求に応じて流動性注入を行った。
But what happens next time? What happens if we need $100 billion? What happens if we need a trillion? Because
eventually, we will. Eventually, the Fed has to choose between
destroying the dollar and allowing the market to bring interest rates to
a level that makes sense for an economy with this much debt. Then all
hell breaks loose because we have a much worse financial crisis than the
one we had in ‘o8.”
Peter said as far as the Federal Reserve goes, we are heading toward a
recession, but the cure for what ails us is not cutting interest rates.
He said we need to go through the recession and higher rates are part
of the cleansing process.
But the Federal Reserve has no stomach for doing what’s right, so,
they will cut interest rates becuase that’s what the addicts on Wall
Street demand. So, we’re not going to have a real recovery. We’re just going to try to maintain this bubble.”
Peter reiterated what he’s been saying for months. The Fed will go
back to zero. It might even go negative. It will launch another round of
QE. But it won’t work this time.
They also discussed what Peter has called a very violent move in the bond market. Peter said the real problem is in the long end of the market where 30-year yields are barely above 2%.
Who in their right mind would loan the US government money
for 30 years — you’re not getting your money back for 30 years — at 2%
coupons for the next 30 years, waiting to get repaid?”
Peter touched on recent charges brought against JP Morgan employees
relating to the manipulations of the gold price. He said price
manipulation isn’t the reason the price of gold is relatively low.
It’s not much higher because too many people don’t understand what’s
going on. You know, they have confidence in the Federal Reserve, other
central banks. They believe in this bubble. They are as fooled
now as they were going into the 2008 financial crisis. The difference
was they were bailed out last time. As wrong as all the experts
were on Wall Street and in other countries who couldn’t see an obvious
crisis coming, when they were blindsided, their pals at the Federal
Reserve and other central banks were able to bail them out. It’s
not going to work this time. It doesn’t mean the central banks won’t
try. But as I said, it won’t succeed. They’re going to destroy the
dollar in the process, maybe even bring down the entire fiat monetary
system. And gold is already rising. Gold is telling you on the
ashes of this old system we’re going to resurrect the gold standard.
Because that’s what we had prior to the dollar taking over. We had a
much sounder monetary system then. We had a more viable global economy. Once
we took the money out of the economy, once we substituted real money
for fiat, that was the beginning of these problems and the end of these
problems is going to be returning to honest money, which is gold.”
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...
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 ...
米国はよく理解してませんが、日本の場合では量的緩和で日銀が国債買い上げした資金は日銀当座預金にそのままです、市中には流れていません。でもNHKのニュース等では「ジャブジャブ」という表現をアナウンサーが使い、さらに丁寧に水道の蛇口からお金が吐き出される画像まで示してくれます。これって心理効果が大きいですよね。量的緩和とは何かを７時のニュースや新聞でこれ以上丁寧に解説するのはそう簡単ではありません。一般の人も株式をやっている人も「イメージ」で捉える以上はそう簡単にできません。多くの人は量的緩和とはなにか、を理解していないと私は想像しています。 ただし、国債を買い上げるので長期金利が低下し住宅ローン金利等が下がったのは確実な効果です。一方で長短金利差が少なくなると銀行のビジネスモデルが成り立たなくなりますが。 This Is The One Chart Every Trader Should Have "Taped To Their Screen" by Tyler Durden Sat, 01/19/2019 - 18:55 After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018. 一年間のテーパリング後、FEDバランスシートがとうとう市場の注目をあびることになった、２０１８年の最後の３ヶ月だ。 By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS...
１００年に一度と言われる出来事が過去２０年で二回も起き、今度が三度目になるかどうか？ Ignore The Yield Curve, They Said… 03-30-19 Written by Lance Roberts | Mar, 30, 2019 A Run For The Highs 高値に向かう Friday wrapped up the first quarter of 2019, and it was the best quarterly performance since 2009. As shown in the chart below, if you bought the bottom, you are “ killing it.” ２０１９Q1も金曜に終わり、２００９年以来最良の四半期だった。下のチャートに示すが、もしみなさんが底値でかっていたなら、「息を呑まんばかりだ」ったろう。 However, you didn’t. しかしながら、そうはしなかったでしょう。 Despite all of the media “hoopla” about the rally, the reality is that for most, they are simply getting back to even over the last year. どのメディアもこのラリーで「大騒ぎ」だが、現実を思い起こすと、これは単に昨年のレベルに戻っただけのことだ。 That is, assuming you didn’t “sell the bottom” in December, which by looking at allocation changes, certainly appears to be the case for many. ということで、みなさんは１２月の「底値で売る」ようなことをしなかったろう、それは多くの人も同じことだ。 If we deconstruct the ratio we can see the rotation a bit better この比率を分析すると資金移動をもう少しよく理解できる Not surpr...
