It’s an easy and comfortable feeling when the talking heads on the main television news networks tell us they’re bullish on the economy and the stock market. It can lull us into a sense of complacency, and that’s a very dangerous state of mind for any investor. It takes a great deal of guts and gumption to buck the system and get real about what’s going on in our economy.
Portfolio Wealth Global seeks out thoughtful and courageous influencers in the alternative financial media, and we were very happy to speak recently with well-known markets and metals authority Rob Kirby, who is the owner and publisher of KirbyAnalytics.com. A trusted resource of news and views on the markets, Rob’s Kirby Analytics Newsletter provides outstanding proprietary macroeconomic research and consistently hard-hitting analysis.
Born in Halifax, Nova Scotia, Rob Kirby started writing in 1997 and was involved in a number of entrepreneurial pursuits during that time. In 2002, Mr. Kirby went to work for Investor’s Group, the largest mutual fund company in Canada. He worked there until September 2004, when he resigned to write about the markets – and his book on the gold suppression movement – from a “gold bug’s” point of view.
Courtesy of marketsanity.com
Rob Kirby has an intimate knowledge of foreign exchange markets, Euro-dollar markets, interest rate derivatives, government bond markets (both U.S. and Canada), as well as the precious metals markets. Rob has been a featured essayist at Lemetropolecafe.com, Financialsense.com, and Safehaven.com, as well as KirbyAnalytics.com. The essays Mr. Kirby has written tell the story of his education in the financial markets, and they effectively expose the global conspiracy against precious metals.
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Mr. Kirby has written a book, The Gold Suppression Movement, and he maintains that our entire way of life is in jeopardy. Portfolio Wealth Global wanted to find out Rob’s thoughts on the real state of the economy and what’s actually going on in the equities and precious metals markets. In a recent interview, Rob gave an absolutely blistering critique of the traditional media as well as the stewards of our monetary system.
According to Rob Kirby, we’re fed “happy juice” in the mainstream financial press – we’re told that all is well with the economy. We have a stock market at record highs, along with record high real-estate prices in most parts of the world. We even see record high prices for cars and fine art… The only thing we don’t have at record high prices are precious metals.
Courtesy of thedailycoin.org
You could also argue that we have record high prices for bonds, according to Rob Kirby. Interest rates have been held at artificially low levels; even though the Fed claims that they’re tightening, the 10-year bond hasn’t really moved up at all. The only thing we’ve seen with the “tightening” of the fed funds rate is a flattening of the yield curve.
The flattening of the yield curve is of extreme significance: it sounds an alarm bell, according to Rob Kirby, as do record prices for everything on the planet except precious metals. Typically, this means that too much money is in play, or in other words, too much money has been printed by the central banks.
So, what’s in store for the world economy, our monetary system, and precious metals? According to Rob Kirby, all fiat currencies inevitably go to their true intrinsic value, which is zero. Furthermore, Mr. Kirby states that he will live to see a day when you cannot buy an ounce of gold with fiat money. To put it another way, an ounce of gold will be priceless in terms of dollars as we know them today.
Furthermore, when the dollar fails – which it will, according to Rob Kirby – will be replaced with a new currency. Mr. Kirby is expecting that the new currency that replaces the dollar will be connected to something tangible and that could be precious metals.
Whatever it turns out to be based upon, the new currency will be tied to a basket of tangible things, and it will be convertible at fixed rates to tangible things, states Mr. Kirby. This is because the unmitigated printing of fiat money, at its core, promotes dishonest commerce, and dishonest commerce is not a sound foundation of international relations and a peaceable world.
Portfolio Wealth Global is paying full attention to the inimitable Rob Kirby and his frank analysis of our economy and markets. We wholeheartedly recommend that you check out KirbyAnalytics.com, along with our full offering of financial reports, which include our extensive report on the coming stock market crash, our must-see report on the coming gold bull market that is just weeks away, along with Portfolio Wealth Global’s in-depth report on how to diversify with a simple three-part portfolio.
Research Partner, PortfolioWealthGlobal.com
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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