A newsletter for economic news, global trends, politics, money, and investment. Published on Wednesdays and Saturdays for subscribers. Get a free sample of our full issue, or Subscribe today.
I'm not going to bore you all to tears talking about how all the currencies are fiat, they're printing us to hyper inflation, the debts are too large, economies in shambles, unemployment at depression levels, and all the normal economic gore we show you each week. What I want to focus on today is the 1) supply and 2) the reasons for ownership for metal.
The negotiating text of the treaty is not only being kept from the public, it is even being kept from members of the US Congress and lawmakers in other countries, despite the fact that leaked drafts of the text make it clear that the agreement will almost certainly require changes to law in order to implement.
Monsanto is the world's leading GMO seed producer. It's profiting at the expense of human health. It wants all animal and vegetable life forms patented. It wants global food control. It wants labeling prohibited. It wants reliable science buried. It wants issues of food safety ignored. It wants consumers to have no say.
When it comes to Bitcoin, this ambivalence of mine has left me particularly on the fence. The debate that has taken place in recent months seems, to have played out on the far poles of opinion on the matter. All we have heard are arguments between the currency's ardent defenders—who seem too strident, too ardent, too zealous for my liking—and its staunch opponents—who seem too categorical, too unimaginative, too closed-minded.
Tyranny could be optics, are our modern day governments tyrannical? One of the surest signs that you are living in a tyranny is that there is a two-tier system of justice: one for the tyrants and their friends, another for everyone else. Is this so in America?
In a regular universe a rising currency is a sign that the market values the strength of your economy and the stability of your government. In our upside-down universe, however, a rising currency is merely a sign that you have the nicest looking economy in a rough neighbourhood and that your competitors' governments are likely to fall apart slightly quicker than your own.
If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.
Since the dawn of the 1900's, the deluge of life changing events has been overwhelming... not long ago a technology morphed into something that while not completely a "stand alone" concept, is a game changer. I'm speaking about 3D printing and boy is it about to shake up the world.
Both Greece and Spain already have levels of unemployment that are greater than anything the U.S. experienced during the Great Depression of the 1930s. Pay close attention to what is happening over there, because it is coming here too. You see, the truth is that Europe is a lot like the United States. We are both drowning in unprecedented levels of debt, and we both have overleveraged banking systems that resemble a house of cards.
Bernanke was appointed to head the biggest strongest central bank on earth, because of the fact we were going to go into a depression. Since that day, his approach to the problem was to print money. His approach to any problem is to print money. He's printed more of it than ever in history. Here's a man, at the helm of arguably the single most important "bank" on planet earth and guess what? He never worked at a bank before.
So how does the paranormal relate to the markets? Because up is down. Bad is good. Worse is better. Everywhere we look we see disconnects that simply boggle the mind. For instance last week we got the durable goods report. It was horrid. We saw the Richmond Fed Report hit and it too was horrid.
Well there you have it. Do you think that if Japan is going to spend 35 BILLION dollars on stocks; that stocks just might go up?? Do you suppose that in looking for return, the Swiss National Bank might have taken some of that "10% of entire reserves" and bought dividend paying US stocks? If the UK plans on spending “billions” on stocks, don’t you feel that maybe the stocks will rise? If not, then I suggest you check yourself for signs of a frontal lobotomy.
If terrorism is the use of violence to further political ends, then the real terrorists by definition are the ones who are ramping up the fear after each and every incident in order to shape the public's perception. Has some shadowy group of scary bearded men with turbans really caused the American population to cower in fear at the first sign of a homemade explosive anywhere in the country?
CISPA Passed, which will give the government power to spy on your internet communiacations, US troops on the ground in the middle east, 10b arms deal to Israel, Saudis, UAE, Afghan opium up, more issues at Fukushima, Reuters goofed on Soros obituary.
Goldman posted a $2.2 billion first quarter profit on Tuesday, though, so they continue to laugh all the way to...themselves, I suppose. The attack on gold appears to be a coordinated raid that began with the dumping of 500 tons of naked shorts on the markets on Friday. Bob Rinear reports on Boston: I was sickened by what I saw. An unattended bomb left in an area where completely innocent folks will be maimed and killed is the ultimate in coward maneuvers.