Andrew Hoffman, Miles Franklin, Released on 5/23/16
Sadly, it couldn’t be more obvious where things are going, both in the short- and intermediate-term. As I sit here early Monday morning, reading reports of a recessionary cliff-dive of Japanese PMI, exports, and imports – whilst, LOL, the Yen ominously surges; as well, reports of plummeting Chinese credit creation; and the lowest European PMI reading in 16 months; I can’t help considering how close we are to a total loss of the “powers that be’s” control over financial markets.
Also in the news, Greece’s traitorous Parliament – incredibly – voting for dramatically higher, across-the-board taxes on its predominatelyanti-austerity citizenry, to “unlock” €10 billion of “bailout” funds to pay off the Troika next month, amidst an unpayable repayment scheme scheduled for (at least) 43 years. Throw in a report that a British “Lord” insists Britons should simply work into their 70s if they can’t afford retirement, and you can see how far down the road to serfdom the world has come. Not to mention, the increasing level of disenfranchisement with the fraudulent monetary system that caused this economic monstrosity – as evidenced by record worldwide Precious Metals demand; and heck, the birth of Bitcoin.
Andrew (“Andy”) Hoffman, CFA joined Miles Franklin, one of America’s oldest, largest bullion dealers, in October 2011 and serves as Marketing Director. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics. Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. Andy’s articles can be found on the Miles Franklin Blog, at www.milesfranklin.com.