A2A with John Butler of Amphora Capital

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Earlier today, we held our final A2A webinar of the year and we couldn't have had a better and more timely guest than John Butler, author of the great book, "The Golden Revolution".

In this tremendous, 45-minute presentation, John addresses a multitude of subjects, including:

  • The possibility of a gold-backed Russian government bond, which would provide stability for the rouble
  • What China might be planing to do with their gold reserves and the upcoming IMF meeting next autumn
  • The meaning of today's announcement by the SNB to begin charging negative interest to depositors
  • The growing list of gold repatriation requests from around the globe

Many other subjects are covered as well so please be sure to listen to the entire recording. When you're done, check out John's latest Amphora Report entitled "AS THE ‘SANCTIONS WAR’ HEATS UP, WILL PUTIN PLAY HIS ‘GOLD CARD’?"(https://www.atomcapital.co.uk/wp-content/files_mf/1416418354AR_1114.pdf). You should then join John's mailing list so that you're notified whenever he publishes something new.

Lastly, if you haven't yet read "The Golden Revolution", I strongly suggest you order it today by clicking the link below. It is as powerful and relevant today as it was when it was published in 2012. You won't be disappointed.

TF

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realitybiter
Dec 19, 2014 - 11:52am

China banking

is all nationalize, no? I listened to the "China Money Report" guy and he indicated that China views banking as a state controlled utility, not the abortion of a legalized theft scheme the West has. Their system is structured to have banking support the rest of the economy, not vice versa, as we have it. My point is that IMF/ world currency/ SDR may happen, but it will not look anything like the West currently has. There is no way the Chinese are going to sign up to bailout JPM retarded derivative trading desk.

Dec 19, 2014 - 11:48am

re: World Currency

China has already signed up as their CB is also governed by the IMF and BIS rules. China just gets a bigger piece of the new pie. They fully support the new IMF reforms.

realitybiter
Dec 19, 2014 - 11:44am

Water on the Rally

SAND breaking out, taking out highs. There. That should stop it.

erewenguy
Dec 19, 2014 - 11:41am

Market behavior

GLD, SLV, and JNUG are behaving fine. Don't expect a rocket. If we are coming out of this bear trend, price will spend more time at the bottom of the channel than at the top. Sustained moves at the top of the channel are for later when everyone is excited.

I'm just waiting to see if these actually resolve as up channels, or as bear flags.

Regardless, don't expect much action for a while. It's the holiday season, remember?

Drink some egg nog and tell someone your life is made rich because of them.

realitybiter
Dec 19, 2014 - 11:40am

World currency

There was a time when the sun never set on the British Empire. They ruled the world. and that was just 150 years ago....Today they are 2.5% of the world economy. Insignificant. Germany, Japan, US, and UK make up 30% of the world economy. And the other 70% are going to roll over? Do you really think that China and the BRI_S are going to sign up for more taxation from the last war winners? No way. And THEY hold the cards. Just like the US did in 1945. We may, likely will get a World currency, but it will be dictated by China.

Picabo
Dec 19, 2014 - 11:36am

I don't understand

why many of you cry out for gold and silver to break free and rise dramatically. If you believe, as I do, that gold and silver are the only way to preserve wealth and buying power-why would you want this? I have an almost six year old son who has a wonderful life. His mommy stays home and home schools him and daddy offices at home and is around most of the time. He gets almost everything he wants and is spoiled. He is beautiful, sweet, loving, rowdy, smart as hell and is our universe. I want this to continue for him. So let's say metals don't shoot to the moon but instead reach previous highs at $49 and $1900 respectively. Great right? Wrong. Right now I can keep buying at what I know is a huge discount. Prices going up means I buy less. What happens to cause gold and silver to do a moonshot? I promise you it won't look good. Are you praying for the day when this happens so you can feel rich? Are you going to go out and buy a big house or sports car? Nope. Something has happened to break the system and now the good old USA is in a shambles and for every one of us relaxing atop our nice pile of shiny metal there's 100 or 1000 people who have none. They also don't have food or water either. It gets really ugly really quickly. No more fun filled family days. Now we are fighting for survival. Innocence lost forever. I want to continue to buy metal at these prices and put back in my safe along with all the other items that I feel are necessary for survival and hope my son inherits it all one day so that he may feel secure. Do you ever get to the point where you feel like you have enough? I pray every day that this idiotic system keeps sputtering along because I like watching my son grow up happy. Sometimes I wish I could go back to being a normalcy biased sheep and enjoy the success I've worked so hard for. Hug your kids and wives or significant others. You don't want it to change today.

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

BarnacleBill
Dec 19, 2014 - 11:30am

For some reason

I've got a feeling I don't want to be long much anything over the weekend.

Russia and China both using their US$ to buy gold immediately. Dollar only a very temporary holding. :Putin has baited and set the trap. Just IMHO.

Dec 19, 2014 - 11:29am

Just a Theory...

There’s something that’s been bugging me about this conflict with Russia and what we’re calling a “New Cold War”. It’s been staring me right in the face long before the Maidan protests, Crimean annexation, civil war in the Donbass and the overt economic war between Russia and the West ever started. I haven’t been able to make sense of it, but the events in the last week with the Ruble collapsing and the CB of Russia’s quizzical interest rate hike have given me some more dots to connect. I want to share the idea with you all FWIW. And, admittedly, this is NOT my own original idea. On the contrary, many have written about aspects of the same theory, including some folks here in Turdville. But the theory seems more and more probably as these new dots emerge against the backdrop of a collapsing Western economic system.

We’re all aware that central banks are not beholden to their governments. These banks are private institutions that globally are governed by the IMF and BIS. We’re also aware that the current Western-dominated, petrodollar system is dying--mathematically, that patient can’t be saved. Yet, we assume that the actions of the financial elite are guided by incompetence and extreme hubris. We also naively assume that when the system collapses, that the elite’s control and manipulation ends and that somehow we will return to a golden age of freely-traded markets and non-fiat currencies.

What if those assumptions are wrong? What if the money changers are intentionally collapsing the current system to bring in an even more controlling economic system? Rather than discarding the idea outright, consider the plausibility. Why couldn’t an expanded IMF SDR basket be THE world’s reserve currency?

On Monday, the ruble was in freefall. Late that evening, the Russian CB hiked rates to 17%. In Monday’s podcast, Turdite SubjectivObject posted a very interesting 20 min video about the Russian Central Bank intentionally suppressing the Russian economy and what this rate hike meant for the Russian economy. On Tuesday, the CB’s intervention had been wiped out and the ruble was back in free-fall. In Tuesday’s podcast, Turdites cashonly and Tyberious both posted an article that I had read over the weekend, entitled “IMF Now Ready To Slam The Door On The U.S. And The Dollar”. Also in that thread, I posted an article by the same author (Brandon Smith) about the false East/West paradigm hiding the rise of a global currency. Finally, yesterday, Putin didn't chastise the Russian CB...he instead defended the CB’s actions during his marathon press conference.

What I’m driving at is, what if, CB’s don’t work for governments, but rather, governments work for central banks? What if it’s all part of an intentional path to bring about a global currency? It’s not as if the financial elite have confessed to this plan and other world leaders speaking about this for a couple of hundred years at least.

“Ordo Ab Chao”…order out of chaos. Intentionally crash the system so that the “goyim” beg for a new “better” replacement. If all of these currency wars get out of hand and create a horrific world-wide economic crisis AND/OR war, wouldn’t the people of the world (aka, energy producers from the “Matrix”) demand that the power to create money be limited so that never again can this type of crisis happen? Isn’t that how the League of Nations and United Nations came about?

Isn’t this the fullness of the phoenix symbol?

Crazy theory huh? Of course, there couldn’t be anything to it, right?

Early Rothschild (Danish for “Red Shield”) Crest:

Cover of Albert Pike’s “Morals and Dogmas”:

Official symbol of Tzarist AND modern-day Russia:

Admittedly, I’ve been driven towards this theory as part of studying Biblical end times (which has included an awareness of Masonic and other esoteric symbols and doctrine). I’ll leave that stuff out, but if you’re aware of what the double-headed eagle means, then maybe you’ll find even more utility out of the info.

Anyway, if you’ve made it this far, thanks! I guess, if there’s anything to this theory, then Putin never will nationalize the Russian CB. The Ruble won’t be backed by gold (not until it’s part of the IMF’s SDR basket, that is), and we could very well see Russia and America blaming the each other for economic woes in BOTH countries—possibly accompanied by war in Ukraine for good measure. IMF reforms proceed and then the new, expanded SDR system welcomes in a new (but short) time of peace and prosperity…and complete, world-wide economic control.

Just a theory.

realitybiter
Dec 19, 2014 - 11:10am

SirPL

and looks soon. new Collar limits are effective Sunday, fwiw.

Gold to Plat ratio.....actually 1:1 was very common during the 90's....however, I believe it is a bottom indicator to both....

Stock market....if you think about all Countries that have experienced high rates of money printing.....the stock market has most always participated first in enjoying the joy of inflation.....all the crap that is going on is symptomatic.

Take Nike. They, like most corporations, have been spending most, if not all, profit on stock buyback. This is nuts. In normal expansions, they spend a lot of that profit on plant and equipment, R&D, SGA, etc.....not stock. On the other hand, maybe they are buying their own stock because they are smart and recognize the inflation hedge......but it always fails. Last night they reported their recent quarter. Hit rev numbers, but forecast was weak...also sales were impacted by currency issues......hmmmmm.....at some point, these currency games which we are playing are going to be damaging. Especially to corps that rely on the dollar being stabile (only immune corp is one that trades locally,ie, none)

I think the day will come when they will wish they had not bought all this stock and their will only be interested parties in buying it at much lower levels....

Poundwize
Dec 19, 2014 - 10:59am

Today is Quadruple Witching Day

I expect them to hold gold under 1200.

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Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

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