3 Minute Gold News – Jim Rickards – Fox Business – Feb. 5, 2018

3 Minute Gold News

A Quick Read for Busy People

Interview synopsis of Jim Rickards, New York Times bestselling author of The New Case for Gold, The Death of Money, Currency Wars and The Road to Ruin, with Stuart Varney from Fox Business.

Jim is the Editor of Strategic Intelligence, Chief Global Strategist for Meraglim Inc., former general counsel for Long Term Capital Management, and a consultant to the U.S. Intelligence community and U.S. Department of Defense.

by: Elaine Diane Taylor



U.S. Employment Report
Why is the Market Tanking?
Atlanta Fed Says 5.4% Growth


Jim Rickards



The Employment Report was good but the Bureau of Labor Statistics reports nominal terms and not real terms, so you have to subtract inflation from the report of 2.9% year-over-year gains.

Inflation is close to 2%. You have to subtract that from the job’s report, and you end up with a 1% gain.

It’s better than zero, but normally in a strong economy you see growth at 3, 4 or 5% for wages.

That’s what the Fed is looking for.

So again, good number and better than it has been, but not strong historically.



The market is tanking mainly because of higher interest rates, but also because the Fed doesn’t put cold water on the Employment Report, like Jim did above.

The Fed is on track to raise interest rates four times in 2018 so the market is discounting that.

It happened in 1987 and in 1994.

In 1987 the bond market tanked – interest rates went up and prices went down in March.

Then in October the stock market fell 22% in one day – that’s the equivalent of 5,000 DOW points today.

In 1994 the bond market sold off in April.

Then the Mexican Tequila Crisis happened the following December, and the Treasury has to use their slush fund to bail out the world.

The market has a long historical memory.

When you see interest rates going up like this you see the stock market get a little nervous.

That’s what’s going on.


A Wall Street analyst will take the data they have and do a lot of projections for the rest of the quarter.

That’s not what Atlanta does. They use the data they have at the time and use it for the rest of the quarter without making projections.

If you look back at the last two time series, the Atlanta Fed started out at over 4% at the beginning of the quarter and ended at high 2s or 3%.

Their methodology is very volatile so Jim isn’t putting a lot of weight on the 5.4% prediction.

Jim Rickards can be found on Twitter and at James Rickards Project.


Gold in the hand

My thoughts…


When the system has its next crisis, which it does every seven years or so, the global elite (the IMF, the central bankers, the G20 heads of state and finance ministers) will try to put Humpty Dumpty back together again.

They’ll want a new system, news rules of the game where they keep control.

We all like control and we all want to keep it when it’s ours.

But in a crisis rivals want to take advantage, so the elite will try for a smooth fix. But if that doesn’t work they’ll do whatever it takes. They’ll shut it down or cause chaos. They’ll do what they think is necessary to keep control.

Restoring confidence will be crucial. But how do you “restore” something new that has no “store” – no history of value you can count on? In the past they used gold.

Gold is indestructible. It has no counter-party risk. It cannot lie, it cannot break a promise to pay because it’s not a promise to pay at all. It is the payment itself. It’s the wealth and value itself. And over time gold has kept value when everything else fell apart.

There’s an overwhelming amount of debt in the world system. More than can ever be repaid. The debt-based central bank model has reached its end, and the players are all scrambling. A reset is coming. They all know.

All the global rivals are quietly moving their pieces for an advantage when it comes to a head. Nations, corporations, others actors. Currency wars, trade wars, shooting wars.

The world is a wheel and the patterns repeat because people in groups are the same over time.

You never know for sure what a single person will do, but you can predict quite well what a group will do. And in fear or anger a group gets tight and moves as one. Very easy to predict. It’s quantum mechanics. It’s a season inside what the Romans called a seculum. It’s the earth spinning around the sun. Like clockwork. Like a wheel.

Screen Shot 2018-01-25 at 12.31.14 PM
Illustration by John Tenniel.

Words move people. Words sway. Watch for the elite to redefine words.

Watch the unfolding fight over who is master of the meaning of words.

All the king’s horses and all the king’s men will be used in the war over words.

The pieces are moving behind-the-scenes to set up for the new game of Coins and Crowns.

The stock market. The way every market works. The definition of a market, of value and how we exchange it.

History is a wheel.

The world is wheels inside bigger wheels, and we’re coming up to a big turn of a number of completed cycles at once.

Propaganda will rule for a while. All the players, the nations, the major corporations, the global elite and others, will try to sway the largest group to their benefit. They will try to divide and incite hatred. They don’t care about the individual. They will try to group people against other groups at the expense of each individual.

Watch the words and do your own research. Who is your ally? Who is your enemy? What does history say?

In the past there was gold.

When there was no trust between nations there was gold. When there was confusion in who were allies and who were enemies there was gold.

Who has the best tech? Who uses gold? Who rules space? Who uses gold in space? No one’s sure what’s up the other players’ sleeves. No one knows what the new rules will be.

But if future is as past then there will be gold.

In Lewis Carroll‘s Through the Looking-Glass (1872), Humpty Dumpty tells Alice that the question is which meaning is the master.

    “I don’t know what you mean by ‘glory,’ ” Alice said.
Humpty Dumpty smiled contemptuously. “Of course you don’t—till I tell you. I meant ‘there’s a nice knock-down argument for you!’ ”
“But ‘glory’ doesn’t mean ‘a nice knock-down argument’,” Alice objected.
“When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean—neither more nor less.”
“The question is,” said Alice, “whether you can make words mean so many different things.”
“The question is,” said Humpty Dumpty, “which is to be master—that’s all.”




Gold is at $1,343.80 U.S. per ounce.

Screen Shot 2018-02-05 at 7.34.34 PM


It’s all going down, down, down… the peasants reeling

Elaine Diane Taylor~

February 5, 2018


Coins and Crowns

words and music Elaine Diane Taylor
from the album Coins and Crowns available on iTunes


Single featured in Episode 1 of Mike Maloney’s documentary series Hidden Secrets of Money.


Screen Shot 2016-03-11 at 9.49.31 AM


A Terrible Breeze    (North Korea and Nuclear War)

The news comes down
A little bluebird sings
Words of war
Fire and furious things
Of testing might
‘Til no patience knows
If keeping still
Still keeps you safe at home

It’s a terrible breeze
They speak of today
Of threats that used to live a world away
We all know wind
Can blow both ways
And a terrible breeze can blow it all away

A worldwide net
Sees our village grow
Until we all forget
What each one used to know
How a blind bird’s wings
Can reach the shore
And turn the wheel of peace and war

Village fools sinking down, down, down
Debt and gold wound in numbered shrouds
Deal of a life it’s bread and clowns
Can we afford another go around?
The news comes down.

It’s a terrible breeze. The news comes down.

words and music Elaine Diane Taylor
©2017 Elaine Art & Media SOCAN/ASCAP


Single available on iTunes



Not Much of a Holiday (Greek Debt and Media Persuasion)

words and music Elaine Diane Taylor

© 2015 Intelligentsia Media, Inc. All rights reserved.


Single available on iTunes

The Greek bank holiday and long lines to get a few euros for the day. Debt deals behind closed doors. The media telling us what opinions to have. China building islands in the South China Sea and claiming all the international waves. More dealing to come. More standing in line for those who owe. Who owes? There’s a long line of nations in debt and this is far from done.


Screen Shot 2016-03-11 at 9.49.31 AM



Preparing for the Fall live boutique album available on iTunes — featuring Wag the Dog, Black Swan Dive,  American Pie and Gods of the Copybook Headings.



The Gods of the Copybook Headings

words by Rudyard Kipling and music by Elaine Diane Taylor

©2014 Intelligentsia Media Inc.


from the album Preparing for the Fall available on iTunes


The copybooks of the early 1900s gave us all the wisdom we need. The sayings that were copied are the truths, the gods, of our world. All the empires who followed the gods of the marketplace instead have fallen, and there’s terror and slaughter when the gods of the copybook headings return. The lyrics are by Rudyard Kipling. One of my gurus.

Another Week on Wall Street

words and music Elaine Diane Taylor

© 2013 Intelligentsia Media Inc. All rights reserved.


from the album Coins and Crowns available on iTunes

See the bankers wave their Wall Street wands and conjure piles of paper green. Naked short selling is like betting that your neighbour’s house will burn down. But in this scenario it happens to burn down. If the bankers win then we lose the whole world as we know it. I wrote this in 2009, with a lyric “A little grease (Greece) is floating out to sea, and little pigs (Portugal, Italy, Greece and Spain) are bobbing up and down, they’ll send a storm and we’ll see, when the tide goes out who’s naked on the beach“, and it’s coming on now. The world is changing as we know it.


Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.

Please feel free to leave a comment. Email addresses are not publicly shown.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s