Thursday, December 1, 2016

One Man's View

It's just one man's opinion but one you might want to consider, Jeffery Gundlach.
----
Despite dipping to multi-month lows, one Wall Streeter – known to most as the “Bond King” – isn’t giving up on gold just yet.
Too Late To Be Buying Trump Trade, Gold Moving Higher - GundlachJeffrey Gundlach, founder of the more than $100 billion L.A.-based investment firm DoubleLine Capital, told reporters he expects financial markets to reverse course and that means, gold would move higher.
“The dollar is going to go down, yields have peaked and will move sideways, stocks have peaked as well and gold is going to go up in the short term," he said.
Gold continues to trade at 10-month lows as the U.S. dollar and bond yields creep higher since President-elect Donald Trump’s surprise victory last month. U.S. stock markets have also hit record highs since the election results came out, which have taken funds away from hard assets like gold. February Comex gold futures settled the day down 0.33% at $1,169.40 an ounce.
Gold continues to trade at 10-month lows as the U.S. dollar and bond yields creep higher since President-elect Donald Trump’s surprise victory last month. U.S. stock markets have also hit record highs since the election results came out, which have taken funds away from hard assets like gold. February Comex gold futures settled the day down 0.33% at $1,169.40 an ounce.
However, Gundlach said the so-called Trump Rally seen in U.S. stock markets, treasury yields and the greenback may be “losing steam.”
"It is so late to be buying the Trump Trade," he said.
According to the billionaire fund manager, investors are now looking for harder assets, telling reporters, “No more on this 'man behind the curtain' stuff. Industrials, materials ... people are tired of tweets. They want cement."
Gundlach’s outlook on gold is a stark contrast to another billionaire investor Stanley Druckenmiller, who after the presidential election, said he sold all his gold holdings on election night.
“All the reasons I owned [gold] for the last couple years, it seems to me they may be ending," he said in an interview with CNBC.






kitco.com/news/2016-12-01/Too-Late-To-Be-Buying-Trump-Trade-Gold-Moving-Higher-Gundlach.

Overnight

It was give back time overnight as several markets gave up some of their recent gains following unexciting sessions in the U.S. and Europe as the MSCI, the. Road east index of non-Japanese shares in the Asian-Pacific shed 0.6% while the Nikkei 225 lost a similar amount. The Hang Send dropped nearly 1.0%; the Kospi fell 0.7%; the Shanghai Composite was off 0.69%; the Shenzhen Composite shed 1.19% and the ASX 200 down 1.02%. U.S. 10-year Treasuries didn't help matters as they dropped from Thursday yield of 2.492 to 2.439%.

In Korea concerns about impeachment took a step back as President Geun-hey remains embroiled in a political scandal as the revised third-quater GDP came in up 0.6% from the previous quarter. An earlier estimate expected 0.7%. Crude oil slipped overnight but held above $50 a barrel. U.S. futures retreated slightly at  $50.89 a barrel with Brent at $53.58, off 0.67% and the dollar softened ahead of the U.S. jobs report due out later Friday. The dollare index traded at 100.88 down from the previous session at 101.59. The yen weakened also falling below the 114 level to 113.95 against the buck. Gold continues under pressure as it traded at $1,173.20 an ounce, still above around the $1,060 level it began at the beginning of this year.


The Line In The Sand

data:image/jpeg;base64,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
Anyone who doesn't already think or know money--big money--and politics are inseparable might what to consider getting a head examination soon. If you read this article you'll understand just how much it plays a role in your life.

The other thing you need to understand is a term used in the story, war. The people who lost want to stymie and defeat those who won. And they will do whatever they have to do to accomplish that. Fifty-five million voted one way, fifty-five million the other. Very few minds, if any, left to be convinced. That's about as clear a line in the sand or warning as you're going to get. You should also note if you have not stuck your head up somewhere only a scope ever shines how underground so-called safe spaces or shelters the elites are building.

Dante talked about the hottest places in hell being preserved for those who stay neutral in a crisis. When you try to justify money and democracy, you'll soon learn they're about as mixable as oil and water. This is not a democracy and never was one. If you think so, find out how much influence your vote has compared to what the big money mentioned in this article buys.

If you think otherwise, try to get in touch with your elected representative sometime. If you think some physician telling you to take two aspirins, go to bed and call him next year is distant, indifferent and cold, you have not tried to speak with your elected official anytime in this century.

The Russians are always a convenient foil just as we are for them. Even if the Russians were behind all the hacking--and they weren't--U.S. administrations have been spying on everyone including you and me. And they've used that spying to swing elections in other sovereign countries for years. And short of that, they use another common tool--assassinations.
----
The feeling I get from big donors out here in California is that... they’re shell-shocked," warns investor Marc Nathanson, who spent big in 2016, adding that he has no interest in participating in the party’s rebuilding efforts. As The Hill reports, many Democratic donors still feel burned by the party’s 2016 election losses and what they see as dysfunction in the DNC. "They’re tired," said one DNC official fingering the blame elsewhere, "they’re upset about the election, and there was significant trauma surrounding the Russians."

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/01/20161128_refund_0.jpg 

As The Hill's Jonathan Easley writes, Democratic donors stung by Hillary Clinton’s upset loss in the presidential race feel like they just set their money on fire.
The sore feelings are a huge problem for the Democratic National Committee (DNC), which is trying to rebuild its image and reinvigorate a defeated party in time for challenging midterm elections in 2018.

It’s also a worry for top liberal activists as they prepare for war with President-elect Donald Trump and a GOP Congress that is hell-bent on rolling back President Obama’s accomplishments.

Adding insult to the injury: The names of many donors were released in the WikiLeaks hack of Democratic emails, believed to have come at the hands of Russian intelligence. It was a mortifying development that has rattled some of the party’s big-money men and women.
Democratic investors went in on Clinton to the tune of more than $550 million, believing she would dispatch Trump, deliver Democrats the Senate and help the party make inroads into the GOP’s House majority. More:

zerohedge.com/news/2016-12-01/shell-shocked-democrat-donors-concerned-rudderless-dnc-i-may-well-be-done-political-








Wednesday, November 30, 2016

Overnight


It came somewhat as a surprise. Few were expecting it. The last time it happened was way back in 2008. Reuters reported:

The Organization of Petroleum Exporting Countries (OPEC) surprised the markets on Wednesday with an agreement to cut oil production by 1.2 million barrels a day, in an effort to support oil prices. Crude oil prices have declined by more than half since mid-2014 because of global oversupply and an increase of U.S. shale production

"The first joint production cut by OPEC-Russia in eight years is likely to accelerate the rebalancing of the crude oil market and provide a durable support to oil prices [but] higher oil prices would have quite disparate effects on different EM Asian countries." said Chang Wei Liang from Mizuho Bank Singapore, in a note on Thursday.

During Asian trade, Brent futures were up 0.02 percent at $51.85 a barrel, while U.S. crude futures were down 0.06 percent at $49.47.

That pushed at one point Nikkei 225  higher early on more than 2% and it carried other regional markets for the most part with it. The Hang Send was up 0.70%; the Kospi 0.11%; the Singapore Straight Times rallied  0.7% and the Shanghai Composite gained 0.5%. It was the highest the Nikkei has traded since last December and the broader Topix tacked on a 0.9% gain. The ASX 200 gained 1.1% to close at 5,500.2, again helped by the upswing in oil.

In currencies the dollar was trading at 101.46 against a basket of major currencies. Rising bonds yields, especially in the U.S. pulled  money out of Asia since the election, weakening regional currencies. Some are asking what comes next in the oil market. One analyst noted:

OPEC has agreed to cut production by about 1.2 million barrels per day, or about 4.5 percent of current production, to 32.5 million barrels per day.

Top oil exporter Saudi Arabia faces the unenviable tasks of policing cartel members and keeping crude prices within a range that will relieve pressure on oil-producing countries' economies, but which will dissuade non-OPEC producers from increasing output.

Analysts broadly expect an agreement to boost oil prices above $50 a barrel and keep them there. Prices have wavered between about $40 and $54 since the spring. Commodity watchers also believe the deal will set up a long-awaited balance between oil supply and demand in the first half of next year. The market has been oversupplied for more than two years, by as much as 2 million barrels a day.

Gold traded flat, off only slightly at $1,170.48 an ounce. In the previous session gold touched it lowest level since last February while the dollar held near its 9-month highs against the yen at 114.











A Point Not to Be Missed

We've talked a lot about leverage and how it can change hands. Once you get some, relinquish it at your own peril. The rise in the use of the globalists' favorite pejorative, populists, indicates just how fearful these bureaucratic bullies are.

Much of the crying coming from the anti-Brexit crowd is precisely about just this--loss of leverage. But the globalists will not go away easy as their continued pushing of scare tactics shows anyone who pays the least bit of attention. It's cunningly couched in language designed to convince the rest of us that they have our best interest in mind. They don't. These are political zealots who want what they want. Period. Miss that point and you'll also miss any hope you might have for a decent, independent life.

They completely missed Brexit and they scored even worse on the recent U.S. presidential election. So the odds are better than excellent they will underestimate the anger bubbling just below the surface around the globe against globalism. When their incessant scare tactics turnout like a bad tattoo that didn't take, they will ramp up their hostilities.

You are intelligent enough to read the following and decide for yourself.
 ----
 alt-market.com/articles/3073-the-real-reasons-why-another-american-civil-war-is-possible

You have to hand it to the regressive left, when they conjure propaganda they really know how to run with it. When their indoctrination doesn’t take, and the public stops them cold with a wall of skepticism, they don’t give up! No — the little buggers double down and go for broke!
I would point out, however, that this seemingly boundless drive to forsake all logic and reason in the name of ideology is not due to these people being special in their ambition. Rather, they are following a somewhat successful historic model; the model of communism. And by successful, I mean successfully destructive.
With Donald Trump on the way to the White House in January, along with a Republican majority in Congress and the Senate, leftists long accustomed to dominating the public narrative through the mainstream media have found themselves without leverage. Now, they must resort to ankle biting with efforts like the “fake news” meme, which is designed to undermine the alternative media through ad hominem.  Obviously this will fail.  It is far too late for the mainstream media to gain back any social capital, and they will have to adapt or die out.
With this avenue closing for the left, the next stage will be direct asymmetrics; they will use subversion at a more localized level; working to provoke “marginalized” groups into taking extreme action in order to illicit a negative and totalitarian response from conservatives.
I am rather well versed on the history of communist insurgencies, and one simple reality that consistently stands out to me is that wherever communist movements exist, war follows.  They may claim to be peaceful in their aims and methods, they may claim to want what is best for society as a whole, but when these movements are denied access to social evolution, they almost always revert to violent means.  The primary reason for this, I believe, is that they really do assume at their very core that their ideal is the ONLY ideal.
They think they are heroes, awakened to a world view that the rest of us are incapable of comprehending. In their minds, anyone seeking to obstruct them is either dangerously ignorant or a fascist hellbent on sabotaging humanity’s “natural progression” into the leftist utopia. Therefore any and all actions are justified on their part.  They are fighting “evil.”  And, of course, conservatives like you and I are the physical manifestations of that evil.  We are the super-villains that must be destroyed at all costs in the leftist fantasy world.

As I noted in my last article, Order Out Of chaos: The Defeat Of The Left Comes With A Cost, regressives in the form of social justice warriors are currently more cute in their provocations than dangerous, but this is only an early stage of their movement.  When these people do not get what they want, when they realize that propaganda methods are not effective, they will inevitably turn toward militancy and aggressive mob action.  This is the problem with zealots: they are infinitely capable of moral relativity.  They are monsters in people suits just waiting to be unleashed, but made even more dangerous by their self-image as guardians.

There is nothing worse than a psychopath with a desperate desire to nurture you.
After my last article, some readers responded that they understood my basic premise — that the left versus right dynamic is being instigated by global elites, and that this could result in both sides moving to opposing extremes of the political spectrum; communism versus fascism.  That said, they also wanted to know what I thought should be done about the left in particular?  Sure, the elites are the root cause of the threat, but what about all the crazed leftists the elites hide behind and exploit?  Don’t we have to deal with them at some point as well?
I would say yes, though our reaction must be measured or we risk falling into the paradigm trap the elites have constructed for us.

So, here is the reality — when a movement like the social justice cult reverts to zealotry, there is nothing that can be done to persuade them otherwise.  Some will leave the movement behind, but the majority will refuse to acknowledge that their ideology has failed to sway the masses, and that this might be due to the fact that their ideology is highly flawed. They will seek instead to FORCE us into compliance. This ensures that a violent conflict will eventually arise.


More Deserved Controversy

https://mishgea.files.wordpress.com/2016/11/hofer2.png?w=529&h=330
It is unwise to give people a vote. That's all you need to know as you read the followng article about Mr. Jean Claude Juncker.

Much of this goes with the daily whining at the Financial Times about how big of a mistake Brexit is and the people could request another vote since, as these crybabies wail away, as they daily post articles designed to scare people about what awaits then if they fail to hear the pleas of these fake journalists. What awaits you is freedom. more privacy and sovereignty, a voice in your affairs. Local. That's really scary stuff isn't it, especially when you won't need arrogant, indifferent Brussels bureaucrats threatening you at every turn.
----
European Commission President, Jean-Claude Juncker issued a warning to Austrian presidential candidate Norbert Hofer, regarding referendums.
Hofer, an anti-immigration, candidate is in a tight race for the election coming up on December 4.
If he wins, Hofer said he would hold in-out referendums if Brussels seeks to expand it power.

Please consider European president Jean-Claude Juncker pleads with EU leaders not to hold ‘in-out’ referendums – because voters will choose to Leave.

Jean-Claude Juncker has urged EU leaders not to hold referendums on their membership of the bloc because he fears their voters will also choose to leave. The European Commission president said giving people a vote would be ‘unwise’ as they could seek to replicate Brexit.
His remarks come as one of the contenders to become Austrian president has threatened to hold a referendum if the EU integrates further.

Norbert Hofer, who will become Europe’s first far-right head of state since the Second World War if elected on Sunday, has promised a ballot if the EU becomes more centralised following Brexit.
‘Regarding referenda on EU membership, I think it is not wise to organise this kind of debate, not only because I might be concerned about the final result but because this will pile more controversy onto the huge number already present at the heart of the EU.
‘Besides, I don’t think the next president of Austria, whoever it will be, will launch themselves into this kind of escapade.

mishtalk.com/2016/11/29/juncker-pleads-no-referendums/ 

The Magic Fades

This all the more reason why Jean Clause Juncker and his EU bureaucratic thugs need to go down. Coming from the liar himself there are times when you must lie. It's contagious, however.  Now this pathetic bureaucratic POS is saying, telling governments, not to hold referendums, "They could vote to leave."

When you see Juncker you see Mario "Magic Man" Draghi. When Mario said he'd do whatever it takes, he wasn't kidding,including apparently lying..
----
So could it really be that after years of stonewalling, Draghi, the ECB and the cabal of central bankers and regulators, are finally being dragged blinking in to the light?
Funny how so often the biggest most powerful criminals, the untouchables, are brought down by the smallest of their crimes. The one they thought so beneath them they never bothered to think about it.
Like Al Capone indicted for tax evasion.
Here is Irish MEP Luke Flanagan asking Mario Draghi directly, and in Parliament, the question that could be the smoking gun.
Flanagan  :
“In 2007 you were governor of Banca d’Italia…Unicredti the biggest bank on your watch: Can you please confirm whether you were informed by the Central Bank of Ireland of the multi-billion Euro breaches at UniCredit Dublin?  If so, can you explain why the bank has never been sanctioned for those breaches of 2007.”
You can see the exchange as it happened here.
Could this be the small piece of shit that sticks to the expensive suit?
If so, then Mr Draghi, the Irish regulator and the various politician and bankers involved will NOT welcome that the whole sordid tale as told by the whistleblower who would not be shut up,  is now published as a book.
Nor that now one question has been asked, others are going to be asked today.
If just one whistleblower succeeds in getting their question asked, their story told instead of being gaoled and silenced, then the others will be able to hope for justice too. For every insolvent, bailed out bank there is a whistleblower too threatened and bullied to dare to speak out.
For my part am trying to put together and fund a film about Too Big to Fail/Too Big to Goal. About the whistleblowers versus the banks no government will prosecute.
I’ll let you know.

golemxiv.co.uk/2016/11/first-small-piece-shit-finally-sticks/

Do You Really Want All That C12H22O11?

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR7hVx7gbRl6AdcTY2dtn0BYW5k4asXptBpoiJgByfHBB5zrv35
We are not Breibart regular readers. We read quite a bit at different sites and publications, left and right and otherwise.

We have suggested using your purse strings to combat PC wherever you encounter it. It is one of the few leverages you have. Here's a story that should interest you. It's a major corporation using its purse strings, political clout, to bully anyone who differs with them. That's the essence of PC and why this nation is deeply divided.

You can read the article for yourself and decide. We personally don't spend our hard earned money to support any candidates, corporations or companies that don't support our view. If those who differ with us can use their political clout, purse strings, we can certainly use ours. Expect to be the brunt of epithets, however, if you do. See Brexit voters both before and now.

We don't classify ourselves as conservative or liberal readers just because we read something. That's the BS of MSM. We are after information and truth. And we're not concerned or judgmental about where we find it. During this last election one could walk into a room of people, say something bad about Clinton and someone would pop up with:"You must be a Trump supporter."

The next day one could repeat the exercise, only this time saying it about Trump and someone would say: "You must be a Trump supporter." Not really to both. And that's why MSM is such BS and a cesspool of phony journalistic objectivity. They can't separate their reporting from their feelings. It's also why sooner than later they're going down.

Here is a list of Kellogg products.

Some of Kellogg’s brands: There's a lot of sugar here.
  • Kellogg’s Frosted Flakes®
  • Kellogg’s® Nutri-Grain®
  • Pop-Tarts®
  • Rice Krispies®
  • Cheez-It
  • Kashi
  • Eggo®
  • Frosted Mini-Wheats®
  • Cocoa Krispies
  • Morningstar Farms
  • Famous Amos
  • Kellogg’s Corn Flakes®
  • Kellogg’s Honey Smacks® cereal
  • Corn Pops®
  • Mother’s Cookies
  • Keebler Company
  • Smart Start®
  • Froot Loops™
  • Kellogg’s Raisin Bran®
  • Low Fat Granola
  • Fruit Flavored Snacks
  • Apple Jacks®
  • Cracklin’ Oat Bran®
  • Mueslix®
  • Smart Start®
  • Smorz
  • Kellogg’s Raisin Bran®
  • Krave
  • Crispix®
  • All-Bran®
  • Apple Jacks®
  • Crunchmania
.breitbart.com/big-government/2016/11/30/dumpkelloggs-kelloggs-declares-hate-45-million-americans-blacklisting-breitbart/

Pendulum Swings

data:image/png;base64,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
When the pendulum goes too far there is usually a push back.

The pendulum of PC has been out of wack for a longtime. Too long. We've said before PC is one of mankind's greatest dangers. Like all these so-called well-intention schemes supposedly offered to protect all of us from ourselves, it's unintended consequences created more of those things it was crafted to stop.

PC was never designed to teach people something PC never wanted: It taught parents and others they don't need some distant ,indifferent committee of bureaucrats to tell them how to live their lives. What is proper behavior and proper speech. Say hello to Brexit. PC is about duress. Zero tolerance. You will line up they way we say. This is the gift  of elitists and academics and a host of others who think they know better than you how you should live your life.

Here's some push back.
Did the politically-correct insanity just reach its tipping point? Just weeks after a notably politically-incorrect Donald Trump was swept to victory in the US election, HeatSt.com's Kieran Corcoran reports a university has pledged to end its culture of censorship and no-platforming, and has instead pledged to defend free speech.
Cardiff University in Wales has said it will no longer ban events by controversial speakers, declaring “censorship is not the answer.”
The decision was made by the Cardiff University Students’ Union at their annual conference last week, where they passed a motion called “Challenge, Don’t Censor.”

The move pushes back against the tide of safe space culture which seeks to insulate students from opinions they might find challenging.
Cardiff itself was the scene of one such incident last year, playing host to a virulent campaign to shut down a speech by feminist Germaine Greer over her views on transgender surgery.
Cardiff students passed their free speech motion – the full text of which can be found on page 25 of this document – on Thursday.

zerohedge.com/news/2016-11-30/university-stuns-world-pledges-support-free-speech-censorship-not-answer

And here is another example of what happens from the Financial times, of fall places,when in the PC world everyone gets a trophy.

Sir, Carl Henrik Leijonhielm (Letters, November 26) holds the Reagan cuts of the 1980s responsible for the current poor level of education of a substantial proportion of the US populace. Certainly, the Reagan cuts were damaging, but some of these educational deficiencies go back much further than the Reagan years.
In 1973, in my earlier career as a mathematician, I accepted a postdoctoral research fellowship at a major, well-rated US Midwestern state university. After an excellent year working with one of the leading figures in my field, I spent a year there as a visiting faculty member. I taught first-year students majoring (specialising) in mathematics and the sciences. They were just starting on differential calculus, which put them about two years behind their British counterparts, for whom this was (and still is) material for the first year of the sixth form. But many of those students were bright and hard working, and with perseverance did well.
I also taught, with the aid of several teaching assistants, a large class of humanities students in what was called “remedial mathematics”. These were 19-year-old university students who were unable to perform the most elementary calculations, such as adding together two simple fractions. Many of them could make little progress, despite their own and their teachers’ best efforts. It is hard to imagine the educational level of their many contemporaries who did not go to university or even complete high school.
The poor education of these students did not result from lack of money. There was plenty of money. Tuition fees were low and there were ample scholarships for students who needed them. The students largely came from suburbs where the high schools enjoyed resources beyond the dreams of most British schools of then and now. These students had grown up and received their early education in the affluence of 1960s suburban America.
Rather, I learnt that these students were the victims of an educational system, in their high schools and earlier, that had sheltered them from having to focus on any concepts that they found difficult. They had been taught that what mattered most was achieving self-expression, although they had not been taught the language skills that would have enabled them to express themselves clearly and cogently. Not surprisingly, when they encountered unavoidably difficult concepts they became resentful. Any difficulty derived only from the professor’s incompetence or deliberate obfuscation. Any question that they were unable to answer was a trick question. My university colleagues were aware of all this, shrugged it off, picked up their salaries, and carried on.
I was fortunate enough to move on to one of the leading scientific institutions for which the US is justly famous, with superbly educated, first-rate students. I have wondered over the years what became of those students in that Midwestern state, most of whom were white males, and who would now be in their 60s. That state was one of those that swung from Democrat to Republican in this year’s elections.
Prof Michael Singer
The Dickson Poon School of Law,
King’s College London, UK

 ft.com/content/2001a866-b591-11e6-961





Tuesday, November 29, 2016

Distant, Indifferent Bureaucrats

“On balance, nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe and around the world.”  

It's happening. That's a quote from former Secretary of Treasury Lawrence Summers. If you put any value on your privacy and your economic freedom you know Summers and his monetary henchmen need to be stopped dead in their tracks.

This is a global move to further enslave people most likely moved to the front burner by things like Brexit and the recent U.S. election. These are academic elites and they care nothing about you and your life. They always do this in their efforts to protect the rest of us from harm. They're such an altruistic crowd. That's pure BS. They want to tax, control and track every dime you make and how you spend it and they will do that by doing away with currencies. Then gold. This should be put to the people, not an arbitrary decision made by distant, indifferent government bureaucrats.
----
The global elites are using negative interest rates and inflation to make your money disappear. The whole idea of the war on cash is to force savers into digital bank accounts so their money can be taken from them in the form of negative interest rates.
One way to avoid negative interest rates is to go to physical cash. They can’t impose negative interest rates on cash.

In order to prevent people from using that option, the elites have launched a war on cash, as recent events have borne out. The war on cash is old news, but it is escalating rapidly...
India’s decision to make 1,000- and 500-rupee notes worthless is having devastating ripple effects in the Indian economy and the market for gold.

The consequences of the decision are both appalling and encouraging — appalling because they show governments’ ability to destroy wealth, and encouraging because they show the ingenuity of individuals operating under the thumb of an oppressive government.
One immediate consequence of the cash ban was that paper money began trading at a discount to face value. The entire banking system in India has been running out of cash and alternative forms of payment such as gold and barter have been emerging.

In plain English, you might be able to sell your illegal 1,000-rupee note to a middleman for 750 rupees in smaller denominations. You would get legal tender for your worthless 1,000-rupee note. The middleman presumably has some connection with the banks that allows him to deposit the funds without being harassed by the tax authorities.

In plain English, you might be able to sell your illegal 1,000-rupee note to a middleman for 750 rupees in smaller denominations.

It’s not unusual for bonds to trade at a discount due to changes in interest rates or credit quality, but this is the first time I’ve ever seen cash trading at a discount (although I did predict this development in Chapter 1 of my new book, The Road to Ruin.)

The second distortion is that gold is selling in India for over $2,000 per ounce at a time when the world market price is under $1,200 per ounce. This is because Indian citizens are rushing to buy gold for cash.

The gold dealers can then deposit the cash for full value. This is just another form of discount on the face value of the cash. It’s not that gold is more valuable; it’s just that your $2,000 is worth less than $1,200 (in rupee equivalents) when it comes time to buy the gold.

marketslant.com/articles/cash-almost-dead-gold-next-jim-rickards