t’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to service it – and inflation (the other way to shrink a debt burden) remains below target.
Now “anemic” is becoming “non-existent.” In the US, mini-credit-bubbles like auto loans, home mortgages and student loans are sputtering, leading economists to dial back their rosy scenarios for 2016. The Atlanta Fed’s GDP Now forecast for Q3 growth, for instance, was a robust 3.8% in August but is now less than 2% — and still falling.
U.S. Democratic presidential candidate Hillary Clinton said in a private speech to bankers three years ago that the United States had warned Beijing it would “ring China with missile defense” unless it did more to rein in North Korea’s missile program, according to hacked emails.
According to a purported Clinton campaign document attached to an email published by Wikileaks, Clinton said in a speech to Goldman Sachs on June 4, 2013, that the message to China had been, “You either control them, or we’re going to have to defend against them.”
For most experts, failure is a learning experience that leads to a search for new methods. That’s not true for central bankers. When their policies fail, they try more of the same in the vain hope that quantity will make up for the lack of quality in their ideas.
In the past seven years, major central banks have created over $15 trillion of new money, mostly through purchases of government bonds.
These money printing and bond purchase programs have been called QE1, QE2 and QE3 in the U.S., Euro-QE in Europe and QQE (quantitative and qualitative easing) in Japan.
The Money GPS:
With so much stacked against him, can Donald Trump pull off a miracle and actually win this election? Right at this moment, things are looking quite grim for the Trump campaign. Following the release of the lewd audio tape, six women have come forward and have accused him of doing the exact sorts of things that he admitted to on that tape, and the mainstream media is going after him with all they’ve got. Of course the Clintons have done far worse things than Trump has, and that is the case that Trump must make to the American people in the last 25 days of this election. But it certainly isn’t helping that Trump is receiving very little help from his own party. In fact, earlier today Politico published an article entitled “RNC TV ad spending for Trump: $0” which documented the fact that the Republican National Committee has not spent a single penny on television advertising for Trump so far in 2016.
from Harvey Organ:
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
Read More @ Harveyorganblog.com
Today in court, attorneys for Ammon Bundy presented a signed affidavit from the Rusty Hammond that his family has, in fact, remained silent because of threats by the federal government.
In Donald Trump’s latest speech in Florida he claims by default to be the leader of a movement to end the corrupt political establishment in the US.
Is this true? It’s a fair question, and so far all opinions are nothing but a guess.
He is certainly hitting the hearts of many, not just in America. Any person who has begun even a mediocre investigation into the reality of the current state of world affairs knows that the corporate media is a tool of ‘belief control’ which will not inform you of many truths, including that the US and many other governments have been hijacked by “global special interests”, as Trump puts it.