Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% on the Week
By: Chris Mullen, Gold Seeker Report

5 reasons why commodities are the place to be in 2018
By: Richard (Rick) Mills

Loan Shark Nation: Forcing Our Kids To Choose Between Student Loans And Everything Else
By: John Rubino

Why the Debt Ceiling Means Nothing, Yet Everything
By: Nathan McDonald

COT Gold, Silver and US Dollar Index Report - February 16, 2018

GDX Weathers Stock Selloff
By: Adam Hamilton, CPA

5 Things to Know About the Chinese New Year
By: U.S. Global Investors

The Dollar and Gold for 2018
By: Gary Christenson

Is The Fed Back To “Quantitative Easing?”
By: Dave Kranzler

GoldSeek Radio Nugget: Arch Crawford and Chris Waltzek


GoldSeek Web

The Jig Is Up for the Fed

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 13 January 2016 | Print  | Disqus

Traders seem obsessed lately with the ups, and mostly downs, of crude oil — so much so that every dip, feint and jiggle in energy futures is being replicated almost tick-for-tick by the S&Ps. A recent op-ed piece by Don Luskin in the Wall Street Journal asserted that falling oil prices brought on mainly by a fracking glut are crushing the world economy, but this gets it exactly wrong. In fact, falling crude prices are merely symptomatic, albeit in a big way, of deflationary forces that are starting to implode the global economy with black-hole force.

Economists, policymakers and pundits should be focused on the strengthening dollar, since that is the locus of deflation’s power. That they have instead trained their attention on crude is understandable, since falling prices threaten to gut some very large producers. But the epiphany is likely to be the same in any event, to wit: the Fed is no more able to restrain the dollar than keep oil prices from falling. If you understand this, you can see why the token tightening in December was the worst policy blunder ever made by a central bank. It has set in motion a global deleveraging that will not stop until the Dow Industrials have shed two-thirds or more of their value.

If the unwinding replicates the 1929 Crash and its aftermath, stocks are destined to fall by 85%. That figure could prove to be optimistic, given that the dollar was sound when the Great Depression began and roughly a third of the U.S. economy was tied to agricultural. Americans literally lived off the land back then. These days, tens of millions of workers probably have no idea whether the economy could do without them.  Unfortunately, they may be about to find out.  If you don’t subscribe, click here to receive two weeks’ free access to all trading touts, impromptu online tech sessions in real time and a 24/7 chat room that draws great traders from around the world.


| Digg This Article
 -- Published: Wednesday, 13 January 2016 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.