The Gold Chronicles

Topics Include:

*New Book under development on the Pandemic and Depression

*Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy

*Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important

*Unemployment Claims have exceeded 38m in the US

*There has never been a time when the stock market does not accurately reflect what is happening in the real economy

*S&P 500 is a cap weighted index where a few major companies dominate the index. Major companies which are doing well do not reflect the stock market as a whole or the rest of the economy

*Algorithms that decide the majority of trading in markets today were written before the Pandemic

*Deflation, Inflation, Hyperinflation

*The psychology of inflation and what leads to increase of velocity of money - quantity theory of money versus phase transitions in psychology

*In a deflationary environment where the Fed has printed close to $10T but still cant get inflation leaves one tool left in the toolkit.. raising the price of gold

*Raising the price of gold would require open market operations in gold - Fed printing money to buy gold or to sell gold in order to maintain a specific price range measured in USD

*Raising the price of gold as a tool to get inflation in the USD during prolonged and massive deflation is not a theory, it has been used in the past

*Expectations of continuing deflation in the short to mid term, but inflation must be created, the trick for the Fed is making sure it sticks the landing

*Scenarios for gold price and inflation numbers if the Fed overshoots and ends up with higher inflation than it wants

*Censorship and deplatforming of people from major media platforms such as YouTube and Twitter

*The polarization of views of people around the world in terms of freedom vs authoritarian approaches to governance, and where it is leading

*The “inner fascist” - #NeoFascistGene

*Essential versus Nonessential Businesses and Occupations

*United States Code: Law enforcement officers, judges, public officials violating Constitutional rights under color of law versus emergency powers granted during threats to national security

*Reparations for China such as seizing/cancelling UST’s or delisting Chinese company stocks on US exchanges

*Will reparations move the US and China closer to kinetic warfare

Topics Include:

*Opening salvos of Global Financial Crisis II (GFCII)

*The entire precious metals complex (gold and silver) has been cleaned out globally

*The best time to act has past, now is the second best time to act

*The global run on precious metals is probably less than 5% of the population, when the majority catches on to damage done to USD the demand could be historic

*Price dis-connect between paper and physical gold price

*How price discovery in the gold market is resolved *What happens when the Swiss refineries open again

*The effect of key relationships with Swiss refineries on access to gold and silver

*Mining output dropping due to mines getting shut down reduces available supply of gold

*US Unemployment Claims hitting record levels, 3.28M claims in one week

*Fed injecting capital into system trying to prevent liquidity freezes (Ice-9)

*Why we are entering the next Great Depression

*In comparison, during "The Great Depression" Dow Jones dropped 89%

*The Great Depression played out over 3 years, we are a third of the way there in 3 weeks

*Consequences of Supply Chain Shutdowns

*Why the US could lose up to 50% of its economic output by the end of the downturn

*The social and political consequences of QEternity *What happens when complex systems collide

*Regarding mass migrations and unrest, watch South Africa and Mexico

*Full Spectrum Warfare - Financial, Biological, Cyber, Social Engineering, Kinetic

*What are the chances we will see kinetic warfare

*Why China could be eyeballing Taiwan during the crisis

*How the Covid-19 numbers out of China are questionable

*CARES Bill - Whats in it

*Whats happens to gold if we see massive deflation (Great Depression II)

*The two ways gold is revalued in a massive deflation

*It took 25 years for US markets to recover from the Great Depression

*Jim: "Be wary of suckers rallies"

*Practical things people can do during this crisis

*Spoiler - Jim's new call on the US Presidential election and how the crisis has changed the probabilities

Topics Include:

*The most important event of 2019 and how it will impact the future

*Why the surge in repo rates from Q4 last year was the beginning of QE4

*Why the Fed is now backed into a corner

*How Fed tools may now be less effective

*Forecast of US Presidential Election for 2020

*War on Cash

*Fintech/Blockchain disrupting traditional financial business models

*Central Bank Digital Currencies

*Facebook's upcoming payments system Libra

Topics Include:

*History of gold – Nixon tariffs, and closing the gold window

*Investment case for gold

*Why US debt to GDP ratio and increasing debt load creates a systemic problem with specific outcomes, all of which indicate an allocation to gold may be prudent

*How low gold sentiment in western markets may indicate a key buying opportunity

*Physics properties of gold, and why gold is a truly non-correlated means of storing wealth that is indestructible

*Why Physical Gold Fund uses Switzerland as a core component of the logistics and safety chain for the fund’s gold

*Physical Gold Fund vaulting protocols and governance

*Refinery Operations

*Gold market historical performance, current technical indicators and outlook

Topics Include:

*Implications of the USMCA between the US, Canada, and Mexico

*The importance of Robert Lighthizer’s role in US trade negotiations

*Update on tensions between Russia and Ukraine

*Russia’s “buffer states” of outlying countries

*How Russia’s gas pipelines running through Ukraine are critical infrastructure

*Why Russia purchasing close to 30 tons of gold per month is a strategic move

*How a decentralized permissioned ledger cryptocurrency sponsored by Russia and or China and settled in physical gold could be the next system used by sovereigns to settle net trade balances without using the US dollar

*Why Switzerland could be an ideal location to settle net payments in gold

*Update on Saudi Arabia stability, succession, and world relations

*Thoughts on the G20 upcoming meetings and trade negotiations

*Update on Fed monetary policy and interest rates

Topics Include:

*Cyberwarfare Update – Chinese embedding hacking chips onto server mother boards used in American Industry and Department of Defense Systems at the factory level

*Why infrastructure will be most likely targets for cyberwarfare

*How cyber financial-warfare versus financial systems, stock markets, banks is an evolving and real threat

*How physical gold is resilient versus cyber financial-warfare

*IMF Global Financial Stability Report

*How markets are over 90% automated trading, and there are no human market makers available to stabilize falling markets

*Total official gold adjusted upwards for Central Bank buying. Eurozone countries now buying gold may be signaling important shift in Central Bank behavior

*Gold requires no counter-parties to retain its value, all other currencies rely on counter parties

*Game Theory on Future Monetary System Based On A Sovereign Issued Crypto Currency: Permissioned Distributed Ledger sponsored by China / Russia / IMF, Digital Coin tied to the SDR for measure of value, net of payments settled in Physical Gold

Topics Include:

*US Dollar Hegemony

*Why the US Dollar is considered the world reserve currency

*US Dollar as global trade settlement currency

*Tools of financial warfare - how the United States controls the majority of currency flows around the world

*How the US Dollar Payment system works

*How SWIFT works

*Secondary market sanctions at a business level

*Sovereign reactions to US Financial Warfare

*Future alternative payment systems

Topics Include:

*USD/Gold and SDR/Gold were highly correlated up until Oct 1st 2016

*Oct 1st 2016 Chinese Yuan added to the SDR basket

*Since Oct 1st 2016 SDR/Gold trading tightly in a range of 875 to 925

*Why market operations by a central bank would explain SDR/Gold staying in such a tight band

*Possible actors conducting open market operations to maintain SDR/Gold

*Reasons actors may be interested in maintaining SDR/Gold

*Expansion required in SDR may be aided by a sovereign or supra-sovereign controlled distributed ledger / blockchain

*Timetables and implications for gold investors

Topic Include:

*On the In Gold We Trust report ( @IGWTreport ) by @RonStoeferle and @MarkValek

*The New Axis of Gold - How emerging market central banks are accumulating gold and what it means

*Conversation with the former head of the IMF, John Lipsky

*Why Russia buying gold for 38 consecutive months is a strategic move

*US is engaged in financial warfare with China, Russia, Iran, and North Korea

*How and why targets of US sanctions are working on alternatives to the US dollar system

*A game theory scenario on a Chinese/Russian controlled permissioned distributed ledger with a government issued token backed by physical gold

*Why some institutions are buying physical gold, changing from paper gold allocations to physical gold allocations

Topics Include:

*Update on gold markets

*New phase of financial warfare with Iran

*Financial system chokepoints

*US Dollar payments system

*SWIFT transfers and third party influence

*How the US uses dollar payments leverage to control non US transaction

*How Inflation turns people against government and increases probability of civil unrest, limits government options

*How the current situation with converging factors in Iran, China, Russia, can lead to a disturbance in the gold markets and dollar payments system