This compilation of financial news includes videos by Arcadia Economics, Liberty and Finance with Michael Pento, As Good As Gold Australia with Lynette Zang, and Steven Van Metre.
Quick Summary:
Arcadia Economics goes into detail about the steady drain of silver from the COMEX’s registered inventory. Liberty and Finance talks with Michael Pento about how Europe has gone into recession and how the US has flashing red economic indicators. As Good As Gold Australia interviews Lynette Zang on how the global market debt time bomb is close to exploding. Steven Van Metre talks about comments sparking uncertainty over banking system.
Arcadia Economics
Premiered Jun 22, 2023
One of the key trends in the silver market over the past year has been the steady drain of silver from the COMEX’s registered inventory. Which has gone from 150 million ounces during the silver squeeze weekend in February of 2021, down to 27 million ounces as of last week.
However there was a big addition of 5 million ounces out of eligible into registered yesterday, which brings the registered category up to 32 million ounces ahead of the July delivery cycle.
The July deliveries begin late next week, and it’s possible that this silver is being added into registered to be prepared for delivery against July contracts, or also possibly some of the June contracts that remain open and have not been delivered on yet.
There was also a large addition of silver into the #SLV ETF this week, on Tuesday when the price was down significantly, and in today’s show we look at the recent changes, as well as what they could possibly lead to. This episode also includes notes about a potential change to the gold market in August, as well as the soaring inflation in the United Kingdom, where there was another substantial interest rate increase on Thursday morning.
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Liberty and Finance
Premiered Jun 23, 2023
Europe – on aggregate the largest economy in the world – just went into recession. In the U.S., many economic indicators are flashing red, and “everything is pointing to a recession,” says Michael Pento of Pento Portfolio Strategies. This year’s rally in stocks is merely a bear market rally, he notes, and discusses investments that he’s currently looking at.
As Good As Gold Australia
Jun 24, 2023
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview the incomparable, Lynette Zang, Chief Marketing Analyst at ITM Trading in Phoenix, Arizona.
Lynette will be the keynote speaker at the Australian Gold Conference in Sydney this coming August 29-30. Just a few days later, Lynette will once again be the keynote speaker at 2 AGAGA VIP Events in Melbourne, Sept 1 and Adelaide, Sept 4.
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The global debt market time bomb is close to exploding. Every second of every day, 24 hours a day, every day, global debt is climbing. The ‘Big Secret’ is this – it can’t ever stop!
It can’t ever stop, because at its core, the modern monetary system is debt based.
The entire world wide financial system is totally dependent on the relentless acquisition of exponentially more debt in greater and greater amounts just to function. What it costs an hour ago just for the system to function will require even more debt an hour from now just to function.
Central Banks, to keep the debt based system going must inflate. That is, they must create more debt. Central Banks create only one product, DEBT. The ability of a Central Bank to create debt and than issue that debt is how they stay in power.
Central Banks understand that the current monetary system has been pushed to the breaking point, they themselves have done this. Moreover, they have been aware for decades that this would eventually happen – they have been planning for it.
The first stage in the breakdown of the current system is well underway, which can be seen in skyrocketing world wide inflation and rising labour costs.
How much longer can this continue before the global debt market totally implodes?
In a recent survey held by Gold.org, 7 in 10 Central Banks confirmed that they plan on increasing their gold purchases over the coming year. If it’s good enough for the Central Banks to increase their exposure to gold, wouldn’t it make sense for us to do the same.
Steven Van Metre
Jun 24, 2023
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Prepare for the Storm: Surprising Comments Spark Speculation and Uncertainty Over Banking System
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