Sierra Madre Precious Metals

– and They Are Making Up The Rules As They Go Along

Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are truly “safe” at this point. The cryptocurrency industry has already experienced an absolutely disastrous crash, collapsing bond prices have blown a 620 billion dollar black hole in bank balance sheets, residential real estate prices have started to plummet, and now the largest commercial real estate crisis in the entire history of the United States is looming.

The good news is that stock prices are holding steady for now, but that can only last for so long. Just like we witnessed in 2008, a major banking crisis will inevitably hit the stock market really hard. Continue reading →

“The world would be better off if people tried to become better. And people would become better if they stopped trying to become better off. For when everybody tries to become better off, nobody is better off. But when everybody tries to become better, everybody is better off.

What we give to the poor for Christ’s sake, is what we carry with us when we die.” ~ Peter Maurin

“Continue to love one another. And do not neglect hospitality to strangers, for thereby some have unknowingly entertained angels.” ~ Hebrews 13:1-2

“Our problems stem from our acceptance of this filthy, rotten system. People say, ‘what is the sense of our small effort?’ They cannot see that we must lay one brick at a time, take one step at a time. A pebble cast into a pond causes ripples that spread in all directions.

The mystery of the poor is this: that they are Jesus, and what you do for them you do for Him. It is the only way we have of knowing and believing in our love. The mystery of poverty is that by sharing in it, making ourselves poor in giving to others, we increase our knowledge of and belief in love.” ~ Dorothy Day
Continue reading →

Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe

Duration risk hammered Silicon Valley Bank and seems to have been lost on many bankers, fixed-income investors and bank regulators.

In January 2022, when yields on U.S. 10-year Treasury bonds, 3.471% were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would be bad for both stocks and bonds. Continue reading →

U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets.

Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors sit up and take notice – growth, asset prices and inflation could all weaken. Continue reading →

There is always more than one cockroach in the kitchen!

The gold market will remain well supported and should eventually see a sustained break above $2,000 an ounce as the biggest banking crisis since the 2008 Great Financial Crisis is far from over, according to one esteemed economist.

In an interview with Kitco News, David Rosenberg, founder of Rosenberg Research, said that gold and bonds remain two of his top investments for 2023 as the banking crisis threatens to push the global economy into a deep recession. Continue reading →

A word of advice to my fellow American: Be afraid. Be very, very afraid of the consequences of the soon-to-happen inevitable collapse of the American dollar as the benchmark international reserve currency.

Given that very soon the Russian ruble (which is backed by gold) and the Chinese yuan (which is backed by a basket of precious metals and commodities) will replace the U.S. dollar (which is merely a fiat currency – backed by NOTHING!), it would be worthwhile to briefly outline the force-able economic consequences for us Americans. Continue reading →

BRICS is an acronym for Brazil, Russia, India, China, and South Africa. They are countries that want to free themselves from the dollar-based US hegemony.

The dollar may be the ‘world’s reserve currency,’ but chains are made to be broken. The BRICS countries want trade to be more free and fair. They do not wish to be yoked to a slave currency based on debt.

The money masters behind our debt currency, the US dollar, are able to counterfeit as much of it as they like in order to further their wealth and power. Citizens are required to pay it all back with interest, which ultimately we cannot do without counterfeiting ourselves and if we tried, we’d be tossed in prison. Even worse… Continue reading →

IRS ‘is developing new Biden-backed algorithm that’ll see more white and Asian people targeted for tax audits to boost racial “equity”
A conservative legal group is accusing the Biden administration of directing the Internal Revenue Service to audit more white and Asian Americans in an effort to boost ‘equity.’

The America First Legal Foundation, a nonprofit that seeks to fight executive overreach, filed a Freedom of Information Act request on Tuesday claiming that an executive order President Biden signed last week encourages the IRS to alter its algorithms to audit more white and Asian taxpayers — and fewer black taxpayers.

Though the Executive Order on Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government does not specifically mention audits, it directs federal agencies — including the IRS — to find ways to make their practices more ‘equitable’ to underserved communities.

Specifically, the order directs agencies to ‘prevent and remedy discrimination, including by protecting the public from algorithmic discrimination.’

America First Legal Foundation is now investigating how that could affect the IRS, seeking internal documents from the agency referring to its efforts to improve ‘equity’ amongst Americans.

Under federal law, the Treasury Department now has just 20 business days to respond to the request… (Continue to full article)