Crackpot Economics: Currency Crisis, Fear, and Gold

The very fact that havens are in uptrends is suggestive of comparably unattractive economic news ahead again. The very fact that havens are in uptrends is suggestive of comparably unattractive economic news ahead again. The fact that havens are in uptrends is suggestive of comparably unattractive economic news ahead again. You are receiving this email because you subscribed to Outsider Club. [Click here]( to manage your e-mail preferences. [Outsider Club logo] Crackpot Economics: Currency Crisis, Fear, and Gold By James Dines Written Oct. 02, 2019 Publisher's Note: Your editor is off this week chasing pronghorn on the Wyoming prairie. I’ll be back with my Wednesday missive next week. Until then, I think you’ll agree I’ve found a suitable replacement. Here’s Mr. James Dines on today’s crackpot economics, mass fear, and the coming currency crisis. To your wealth, [Nick Hodge Signature] Nick Hodge Outsider Club Founder and President --------------------------------------------------------------- We predicted 1997’s international currency crisis in Thailand, which shook Southeast Asia to its economic roots. Now the very fact that havens are in uptrends is suggestive of comparably unattractive economic news ahead again. Another clue, a veritable bent blade of grass, has been our “haven” theory, and it occurred when Russia’s stock market average unexpectedly had an upside breakout. We wondered why a new Russian uptrend appeared despite the crippling international economic sanctions that followed its illegal seizure of Crimea and eastern Ukraine. Again, our natural curiosity was aroused. Then we watched Russia steadily buying gold, month after month. Why gold, and from where was Russia getting the money to buy it despite the above mentioned sanctions? Indeed, China, Turkey, and India have also been big gold buyers recently. As Alice in Wonderland said, it’s getting “curiouser and curiouser.” [The Conspiracy to End America]( Conspiracy. It’s the only word for it. Hostile powers including Russia, China, and Iran are plotting to knock out the American economy. On September 1st, 2017, they went public. When this comes to a head in the next few months, it will be worse than 9/11, Lehman Brothers, and Pearl Harbor… combined. [Watch this urgent briefing to get all the facts.]( Other nations have likewise been buying gold, despite agreement in the international media that gold was out of fashion. What’s going on? That’s not all. The Dines Letter has for a long time been underlining other weird things in the currency arena. For example, the very emergence of new currencies in cryptocoins (2,337 kinds) got crowned by Facebook, a public corporation, actually seeking to establish its own currency, the Libra coin! We have been reporting for some time that many international currencies were signaling trouble by declining against the U.S. dollar. Confirmation of “The Coming Currency Crisis” emerged with gold and silver having displayed uptrends, sensing underlying concern. Only frightened money that unmasks a flight to safety could explain the above disparate anomalies! Look around: the mass media doesn’t even mention “The Coming Currency Crisis.” Nothing new: here is The Dines Letter stuck alone again in our predictions. He who is first always ‘looks wrong’ because the future is inherently ‘unbelievable.’ Returning to where Russia has been getting money for gold… We’ve mentioned how a Danish bank was recently caught accepting wads of newly-printed rubles, selling them in the open markets, buying U.S. dollars with the proceeds, and returning the American bucks to Russia. [Gold Could Disappear From the Ground Forever]( New gold discoveries are hitting record lows. Just the price to mine gold has skyrocketed 412% over the last decade. With only 5% of mines actually panning out... Gold is being squeezed so much, that a price explosion is imminent. And that’s only one reason for gold to jump... I have four more catalysts to show you. [Plus, discover the #1 gold play to make right now here.]( It’s a true story and we predicted it would happen in our book The Invisible Crash. Because paper money has no intrinsic value, any nation could print paper money and could exchange it into dollars (pounds, yen, whichever), to buy real estate in London, New York, or wherever else — with free money, just by printing it! Unbacked paper money is the basis of what The Dines Letter calls “crackpot economics,” and we have long warned that it is dangerously unstable. [There will be currency crises again and again, until the ultimate one.]( Government economists don’t believe this, which is why we have such a low opinion of the Fed: its obsessive tinkering with interest rates, instead of comprehending the danger of an upheaval in the entire paper currency system. It was easy for anyone to have foreseen. And the recent nomination of goldbug Judy Shelton to the Fed is too-little-too-late for a return to a link with gold; a vast avalanche of old paper money already overhangs the world. As we struggle to calculate how to lead you, our guess is the coming flight from paper money would lead to some kind of new currency. Probably just for transfers of land and corporations, backed by gold, barrels of oil, or something else of tangible value, possibly a crypto such as Bitcoin, or even America’s gold in Fort Knox. Have You Staked Your $7,924 Claim Yet? President Trump just revealed [his new plan to pay any American who stakes a claim...]( To collect checks for $2,493... $4,112... and $7,924 — every month! They’re called [“coal contracts,”]( and regular folks all over the country are already collecting huge payouts. But you only have until November 6 to stake your claim, so take action right now. [Click here now to see Trump’s plan for yourself... and claim your first “coal contract” today.]( We’re not certain yet, but the odds are increasing that the next paper money will be linked to gold. And thus silver also. Gold’s rejection by government economists at “central banks” is why America’s debt was permitted to soar to the current unpayably high $22 trillion. There is an understandably muted undertone of Mass Fear driving the various anomalies listed above. [Click here for the full story on the currency crisis that is already here.]( --------------------------------------------------------------- James Dines is legendary for having made correct forecasts that were in complete contradiction to the rest of the financial community. He is the author of five highly regarded books, including "Goldbug!," in addition to his popular newsletter, The Dines Letter, and videotaped educational series. Dines' highly successful investment strategies have been praised by Barron's, Financial Times, Forbes, Moneyline, and The New York Times, among others. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Tidy Up Your Positions]( [Donald Trump: Agent of Chaos]( [You’re About to Be Miserable... We All Are]( [The Global Economy Is Thomas Cook]( [Five Bullish Gold Trends]( --------------------------------------------------------------- This email was sent to {EMAIL}. 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