Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this month

Ad Space M-4

Things Are Continuing To Deteriorate In The Real World At An Alarming Rate



Posts : 16575
Thanked : 805
Join date : 2013-01-12

Things Are Continuing To Deteriorate In The Real World At An Alarming Rate

Post by Lobo on Tue 23 Feb 2016, 5:01 pm

Things Are Continuing To Deteriorate In The Real World At An Alarming Rate
February 23, 2016

[b][b]With stocks weakening, crude oil plunging, and gold surging, today a 50-year market veteran warned King World News that things are continuing to deteriorate in the real world at an alarming rate.[/b][/b]
John Embry:  “Eric, things are continuing to deteriorate in the real world at an alarming rate…
Continue reading the John Embry interview below…

“As Jason Goepfert pointed out last week, the open interest in gold and silver is blowing out as the commercials, i.e. the bullion banks, dramatically increased their short positions.  This has always signaled a period of vulnerability in the paper markets for gold and silver because for the last 4 1/2 years the large speculators have generally been flushed and the commercials have covered, making significant profits and keeping the precious metals prices controlled — as per the wishes of the Western central banks and governments.
World’s Debt Position In Serious Jeopardy
However, when this ploy finally fails and the shorts get overrun, the price moves in gold and silver will make you feel like your hair is on fire.  This, as you know Eric, is called a “commercial signal failure” and it happens very rarely.  
I agree with what James Turk told KWN about a coming short squeeze in the metals.  I sense that day is getting much closer as Western gold and silver inventories dwindle, mine supply peaks, and perhaps more importantly, global economic activity continues to weaken — putting the world’s debt position in serious jeopardy.
The fact that more and more Western countries are entertaining the idea of negative interest rates gives you a solid indication that excessive debt and decelerating economies are starting to take a brutal toll.
Interestingly, while on holiday in the Grenadines last week,  I had the pleasure of attending a breakfast where a very bright, well-connected finance professor from a renowned business school in Canada attempted to defend the move to negative interest rates.  In my eyes he certainly wasn’t very convincing.  But his complete faith in the system and the policies that are being implemented made me even more bearish.
Eric, I have believed for some time that the U.S. dollar has become severely overvalued.  I got an interesting example of that on my holiday in the Grenadines, where their currency — the eastern Caribbean dollar — is pegged to its U.S. counterpart.  As a result, tourism is down noticeably on the island I was on, and many expensive ex-pat homes are for sale.  This is happening because the island is less competitive vs the other warm vacation spots where their currencies have fallen sharply against the U.S. dollar.
In closing, I think it’s important to note the fact that the London Mayor, Boris Johnson, has come out in favor of BREXIT, and that could be a big factor in the upcoming referendum as he has credibility amongst the people.  
At this point the European Union is already in sufficient difficulty that a formal British exit might just trigger a complete dissolution of the already fragile union.
Problems Now Multiplying On All Fronts
In closing, I would just say that the problems are multiplying on all fronts — economic, financial and geopolitical.  This has resulted in even more frantic stock and bond market manipulations and intensifying economic propaganda.  All I can say to KWN readers around the world is stay tuned and use all available opportunities to increase gold and silver exposure on any manufactured, bogus weakness.”

    Current date/time is Mon 24 Oct 2016, 6:41 pm