As the precious metals prices surged this year, so did U.S. petroleum inventories. While rising gold and silver prices are a positive sign for the precious metals industry, the surging U.S. petroleum stocks are extremely negative. However, the prices of the metals and energy are currently not trading based on the fundamental values.
For example, the price of oil continues to rally on the back of rising U.S. and world petroleum stocks. This is especially true in the United States. Not only are total U.S. Gasoline stocks higher this May compared to the same period last year, they are up considerably over the past decade:
In the first part of this series, the term “hyperinflation” was defined. “Inflation” is an increase in the supply of money. The prefix “hyper” denotes that something is excessive. Thus by necessary, logical extrapolation, hyperinflation can only be an excessive or exponential increase in the supply of money (currency).
Most people will either not understand or not agree with this definition, because they have been consistently fed a pseudo-definition of this term, that “hyperinflation” represents an exponential increase in prices, i.e. extreme price inflation. In fact, this extreme price-spiral is not the actual hyperinflation, but rather the consequence of hyperinflation. The causal chain here is elementary.
Here’s an excerpt with a link to the original Vineyard of the Saker post:
Bulgaria had no Russian bases in Soviet times, but now has a number of US ones and is already in increasing danger at a time of growing Cold War 2.0 tensions. If Washington moved nukes into the country without the government’s permission, it would be a display of arrogance that could cost the USA dear.
But to use the huge US base in Kosovo would be to put the weapons just a few miles form major concentrations of armed Jihadists, surely unwise even by Washington’s standards of recklessly or deliberately sending weapons to places from which they are promptly seized by Al Qaeda or ISIS.
I recently received this email inquiring as to how the criminal elite would stop the 2016 election if Trump were on the verge of winning.
Following the email is my answer.
Thank you for your articles and your radio show. I appreciate you and pray for you everyday.
You have mentioned that you think the Kaine will replace Clinton due to bad health. Do you think the same is true for Pence. If Trump is elected will the is supporter of the free trade agreements replace an assassinated Donald Trump?
Episode 1046a. Greece just sold its largest port to China. Macy’s closes 100 stores, retail continues to contract. Obama says wages are growing, but a recent revision in wages shows they are declining. The Federal Tax receipts are as low as 2008 right before the crash, unemployment at 4.9% I think not. Gold demand reaches record highs in the first half of 2016. Obamacare on the verge of collapse.
According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, Russia’s economy would be far ahead of where it stands today. It would have avoided most of the capital flight to the West by relying on self-finance.
Washington, however, took advantage of a naive, gullible and demoralized Russian government which looked to Washington for guidance in the post-Soviet era. Russians thought that the rivalry between the two countries had ended with the Soviet collapse and trusted American advice to modernize the Russian economy with best-practice Western ideas. Instead, Washington abused this trust to saddle Russia with an economic policy designed to carve up Russian economic assets and transfer ownership into foreign hands.