The Zenconomics Report August Issue

submitted by jwithrow.
Click here to get the Journal of a Wayward Philosopher by Email

Journal of a Wayward Philosopher
Zenconomics Report August Dispatch

August 31, 2016
Hot Springs, VA

The S&P closed out Tuesday at $2,176. Gold closed at $1,314 per ounce. Crude Oil closed at $46.42 per barrel, and the 10-year Treasury rate closed at 1.57%. Bitcoin is trading around $573 per BTC today.

Dear Journal,

The August issue of the Zenconomics Report has gone out to members of our network. In this issue:

Low trading volumes and little volatility in the financial markets this month… The state of the sovereign debt markets… Two large banks pass on negative interest rates to clients… The latest on monetary-financed fiscal programs in Japan… Global investment demand for gold the highest on record for the first half of 2016… All eyes on the Federal Reserve next month… A quiet change to IMF’s special drawing right currency… A correction hits the gold stocks sector… the Zenconomics Report Model Portfolio updates… Two new additions to our model portfolio

This month we added two new positions to our model portfolio which is constructed according to the Beta Investment Strategy. This portfolio is designed to capitalize on the prominent macro trends in the world of finance, and it is built to be fluid and flexible when trends change.

The Zenconomics Report is 100% independent, and all opinions are our own. It is also 100% free, though it is only available to members of our network. For access, simply sign-up using the form below or at

New members receive access to all previous monthly issues, and we will also send you two free reports as a ‘thank you’ for subscribing.

Assess, Mitigate, Implement, and Prosper is a report detailing the concept and implementation of asset allocation. Asset allocation is about strategically spreading your capital out across several different asset classes, and it is a critical part of the Beta Investment Strategy. This report also covers the ins-and-outs of managing an investment portfolio, including the risk management techniques that everyone should understand before putting a dime into the stock market.

The Zenconomics Guide to the Information Age is a 28 page report covering money, commerce, jobs, Bitcoin wallets, peer-to-peer lending, Open Bazaar, freelancing, educational resources, mutual aid societies, the Infinite Banking Concept, peer-to-peer travel, Internet privacy, and numerous other Information Age tips and tricks with an eye on the future. This guide is designed to be very practical – each section is loaded with action items – but it is also written to be entertaining as well.

To financial freedom!

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A Golden Reset?

submitted by jwithrow.
Click here to get the Journal of a Wayward Philosopher by Email

Journal of a Wayward Philosopher
A Golden Reset?

April 15, 2016
Hot Springs, VA

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”Thomas Jefferson

The S&P closed out Thursday at $2,082. Gold closed at $1,226 per ounce. Crude Oil closed at $41.50 per barrel, and the 10-year Treasury rate closed at 1.78%. Bitcoin is trading around $430 per BTC today.

Dear Journal,

Last week we examined a potential path to the Great Reset triggered by the global adoption of negative interest rate policies (NIRP). The entry was not just speculation, however, but it was prompted by a report outlining a meeting in Manhattan between some major players in the world of finance and a source sitting at the nexus between government policy and the financial industry.

This meeting was not about the possibility of negative interest rates in the U.S., however. The unnamed source assumed NIRP was already baked into the cake. According to him it was not a matter of ‘if’, but ‘when’. Continue reading “A Golden Reset?”

Russia Buys More Gold Reserves

by A. Ananthalakshmi – Reuters:gold

SINGAPORE, Jan 27 (Reuters) – Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed on Tuesday.

The global financial institution later on Tuesday confirmed the Netherlands did not increase its bullion holdings in December, contrary to the IMF’s earlier report that the bank had raised gold holdings for the first time in 16 years.

The Dutch central bank, the world’s ninth-biggest official sector gold holder, has kept its holdings unchanged since late 2008. The bank earlier on Tuesday denied that it bought more gold last year.

Central bank buying and selling can have a significant influence on gold prices. Central banks became net buyers in 2010 after two decades as net sellers, driven by an increased interest in gold in the wake of the 2008 global economic crisis.

Gold prices rose nearly 1 percent in December, the first monthly rise in five, possibly on support from central bank purchases.

“It has been the emerging market central banks that have been doing the buying over the past few years, so it is encouraging for gold markets to see the Dutch additions,” said Victor Thianpiriya, an analyst with ANZ in Singapore, speaking before the IMF’s data correction.

The Dutch central bank in November moved to repatriate more than 120 tonnes of gold from vaults in the United States.

Net purchases by the euro area totaled 9.55 tonnes in December, at a time of heightened jitters over the economy and speculation over stimulus measures by the European Central Bank, which just last week announced a bond-buying programme.

Meanwhile, Russia added 20.73 tonnes to the world’s fifth-biggest gold holdings, bringing its total to 1,208.23 tonnes.

Russia’s gold-buying spree comes amidst a bearish outlook for its economy, which is expected to slide into recession this year on low oil prices and the fallout from sanctions over Ukraine.

Ratings agency S&P cut Russia’s sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.


Ukraine, which has seen renewed conflict with pro-Moscow separatists and is also struggling with economic growth, seems to have taken a pause in selling its gold holdings.

It sold about 16 tonnes of gold in October and November, but Tuesday’s data showed that its bullion reserves were steady at 23.64 tonnes in December.

Turkey, however, lowered gold holdings by 3.86 tonnes to 529.12 tonnes. Turkey counts gold held on deposit with commercial banks as part of the central bank’s bullion holdings.

Other buyers included Kazakhstan, Belarus and Malaysia. (Additional reporting by Jan Harvey in London; Editing by Ed Davies)

Article originally posted at