The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Why You Should Care About Fractional Reserve Banking

“Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road.”

I guess I see the glass “half empty”. I think there are more bumps than road.

http://www.kitco.com/commentaries/2017-03-31/Why-You-Should-Care-About-Fractional-Reserve-Banking.html

 

The Debt Ceiling…Biggest Test Of Donald Trump’s Presidency

I just can’t see any “good” way to solve this issue. We (or would it be they) have spent ourselves onto that famous piece of real estate known as between…a rock and hard place also once known as the “Poorhouse”. Looks like our progeny get to move in with us.

http://www.zerohedge.com/news/2017-03-17/debt-ceiling-deadline-has-passed-now-biggest-test-donald-trumps-presidency-begins

David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th.

I am curiously watching this date.

““I think what people are missing is this date, March 15th2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion.”

http://theeconomiccollapseblog.com/archives/retail-apocalypse-gains-momentum-as-david-stockman-warns-everything-will-grind-to-a-halt-after-march-15th

 

Financial Disaster Awaits Us?

“Now that all those traditional values are, by and large, gone, the only thing we have to look forward to is more and more economic and social chaos, followed no doubt by growing government tyranny.”

Yup. What he said.

http://www.kitco.com/commentaries/2017-03-02/What-Financial-Disaster-Awaits-Us-Next.html

 

The Death of Cash & Total Government Control of Spending

“Governments love it. Then they can control you.”

“…they are going to say they’re doing it for our own good”

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

 

Europe Accelerates Elimination Of Paper Money

Looks like the EU is following India on the elimination of Cash. If China and the US follow then so will the rest of the planet. Won’t it be nice to protected (controlled) by our friend the”Bank” (Big Brother).

“The incremental steps currently being taken may look trivial in isolation, but the ultimate end is to lay the foundation for an entire network for economic repression.”

http://www.zerohedge.com/news/2017-02-10/cash-no-longer-king-europe-accelerates-move-begin-elimination-paper-money

 

Behind The Scenes Power Play

Trump talks Gold up.

http://www.kitco.com/commentaries/2017-01-17/Trump-Comment-Sends-Gold-Higher-Here-Are-The-Potential-New-Comments-That-Can-Send-Gold-Soaring.html

Yellen talks Gold down.

http://www.kitco.com/commentaries/2017-01-19/Janet-Yellen-Talks-Gold-Down.html

I hope Trump wins this one.

India’s Death By Demonetization

If you are poor in India, your life has very little value to the Rich and Powerful. Funny, the first part of Demonetization is Demon.

http://www.latimes.com/world/la-fg-india-currency-20161230-story.html

 

 

India Update: Gold Ownership Effectively Illegal

I believe India (18% of world population) is on the verge of an economic meltdown and if so, there will be repercussions for the entire world financial system.

https://www.marketslant.com/articles/india-update-gold-ownership-effectively-illegal

 

Major Economic Warning Sign: The Euro Is Heading for Parity With The U.S. Dollar

“Here in the United States, few people are interested in hearing about a “global financial crisis” right at this moment, because in the aftermath of the election most people are feeling great about where things are heading.”

“Hopefully, happy days will stick around for a while.

But they won’t last forever.”

http://www.charismanews.com/opinion/61899-major-economic-warning-sign-the-euro-is-heading-for-parity-with-the-u-s-dollar

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