Gold World News Flash |
- Breaking News/Best Of The Web
- Trade Wars Could Collapse US Car Sales And Slash 715K Jobs
- The Truth About The Kavanaugh Circus!
- Government Is The Biggest Threat To Humanity with Mike Maloney
- JPMorgan's Marko Kolanovic says dollar hegemony is now at risk
- Peter Hambro returns to Russian gold miner Petropavlovsk
- Gold Price Can Still See a Lower Low
- REVEALED: America’s Economic Freedom
- Gold Investors: It Is Time for a Logic Lesson
| Posted: 27 Sep 2018 07:20 PM PDT “The Fed is facing two bubbles… and it can only save one” … Kavanah fireworks continue; Republicans working towards vote … Elon Musk sued by SEC for fraud, Tesla stock tumbles … Gold and silver at long-term bottom; BofA predicts gold $1,300. Best Of The Web The Fed is facing two bubbles… and it […] The post Breaking News/Best Of The Web appeared first on DollarCollapse.com. |
| Trade Wars Could Collapse US Car Sales And Slash 715K Jobs Posted: 27 Sep 2018 05:00 PM PDT The most significant and dangerous risks stem from policymaking. And on top of the list is, of course, the protectionist crusade of the Trump administration to disrupt the post–World War II global economic order the US was instrumental in building. The Financial Armageddon Economic... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| The Truth About The Kavanaugh Circus! Posted: 27 Sep 2018 04:00 PM PDT Luke and Jason of WeAreChange join the audience live to explain what is happening on Capitol Hill today regarding the Kavanaugh Hearing and how it has turned into a circus. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| Government Is The Biggest Threat To Humanity with Mike Maloney Posted: 27 Sep 2018 02:00 PM PDT Jeff Berwick interviews Mike Maloney of GoldSilver.com, well known author of 'The Guide to Investing in Gold and Silver' and 'The Hidden Secrets of Money' video series. Topics include: most of the strife of mankind comes from government, over-regulation and taxation, economic inefficiency,... [[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]  |
| JPMorgan's Marko Kolanovic says dollar hegemony is now at risk Posted: 27 Sep 2018 10:51 AM PDT By Cecile Gutscher A backlash against the world's reserve currency may be brewing as rivals to America look to weaken the dollar's hold over the global financial system, says Marko Kolanovic, macro-market wiz at JPMorgan Chase & Co. President Donald Trump's isolationist foreign policy is a "catalyst for long-term de-dollarization" among countries from Europe and Asia to the Middle East that have long lamented the hegemony of the U.S. currency, he wrote in a note co-authored with Bram Kaplan. ... Dispatch continues below ... ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. "With the current U.S. administration policies of unilateralism, trade wars, and sanctions increasingly affecting both friends and foes, the question arises whether the rest of the world should diversify away from the risks of the U.S. dollar and dollar-centric finance," said the quantitative and derivatives strategists. ... Gold, which tends to benefit from a weaker greenback, also offers a hedge for any tentative push to de-dollarize. And it's looking decidedly cheap right now, according to JPMorgan. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2018-09-27/jpmorgan-s-marko-kola... Join GATA here: New Orleans Investment Conference * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Peter Hambro returns to Russian gold miner Petropavlovsk Posted: 27 Sep 2018 06:20 AM PDT By Henry Sanderson City veteran Peter Hambro has returned to the Russian gold miner he co-founded, Petropavlovsk, following his ousting after a shareholder revolt. Mr. Hambro will be president of the company and a senior adviser to the board, the company said today. ... Dispatch continues below ... ADVERTISEMENT Buy, Sell, or Store Precious Metals with Money Metals Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group -- https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati... -- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals. Shop online with Money Metals Exchange here -- https://www.moneymetals.com/buy -- or by calling 1-800-800-1865. Meanwhile, the Money Metals Depository -- https://www.moneymetals.com/depository Mr. Hambro was ousted as an executive in June 2017 by shareholders, following a motion called by Russia's Renova Group, which is led by billionaire Viktor Vekselberg. He founded the gold miner with Pavel Maslovskiy, current chief executive, in 1994. Mr. Maslovskiy as well as Roderic Lyne, a former British ambassador to Russia, and Robert Jenkins were all reappointed to the board of Petropavlovsk in June after a second shareholder revolt led by two offshore funds. They were backed by the company's biggest shareholder, Kenes Rakishev, who launched his own cryptocurrency last year. Shares in the group rose 2.5 percent this morning. ... ... For the remainder of the report: https://www.ft.com/content/49b81b64-c227-11e8-95b1-d36dfef1b89a Join GATA here: New Orleans Investment Conference * * * Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Gold Price Can Still See a Lower Low Posted: 27 Sep 2018 01:52 AM PDT Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63216.html |
| REVEALED: America’s Economic Freedom Posted: 26 Sep 2018 06:27 AM PDT This post REVEALED: America's Economic Freedom appeared first on Daily Reckoning. The Economic Freedom of the World: 2018 Annual Report is out. On the following metrics of economic freedom nations are ranked: Size of government, property rights, legal system, soundness of money, freedom to trade internationally — and regulation. (Bear in mind, the report relies on data through 2016). Where do these United States rank among the nations of the Earth? How economically free is the Land of the Free? Answer shortly. But first a check on markets, free or otherwise… As expected, the Federal Reserve raised its target rate another 0.25% today. Stocks traded in green territory much of the day, fully expecting the announcement. But shortly after Jerome Powell's 2:30 press conference, markets took a sudden fright (more on which tomorrow). The Dow Jones ended the day 107 points lower. The S&P was down 10. The Nasdaq, seventeen. Gold could find no bid today — down six dollars and change to $1,198.90. But let us revisit the question of the day: Where is America ranked in the world's index of economic freedom? Since 1996 Canada's Fraser Institute has issued its annual Economic Freedom of the World report. Since the initial report America's commercial republic occupied the front ranks of economic freedom. It took second place as recently as 2000, for example. But after the great gale of 2008 blew on through, American economic freedom went under a cloud… Sixth place in 2009, by 2012 the U.S. was nearly out of the top 20 — 18th place. With "soundness of money" being one of Fraser's criteria, we should not be surprised… Quantitative easing was in full swing. The Federal Reserve had the printing press going every hour of the 24, seven days of the seven. Meantime, the Keynesian quack cure of "borrow and spend" issued forth in heavy doses. Post-crisis government spending went amok… and gaping budget deficits opened before us. In all, the United States government borrowed $11.6 trillion between 2008 and 2018. And the national debt swelled from $9.5 trillion to today's $21 trillion. In 2008 the U.S. debt-to-GDP ratio was 64%. Its current debt-to-GDP ratio stands at 106% — that is, the national debt exceeds the entire $19.9 trillion economy. Economic freedom? “The United States used to have one of the freest economies in the world,” as explains Ian Vasquez, co-author of the related Human Freedom Index. “It used to be a two, three or four, and then government started to grow [and] spend more,” he concludes. In reminder, the United States dropped clean to 18th place in the Index of Economic Freedom by 2012. Now an entire decade has passed since the great storm. Is American economic freedom rising… or falling? Once again, precisely where does the United States rank in the roster of economic freedom? The answer may stun you: Sixth place. Sixth place is not second place… nor is it first place. But it is far from 18th. We therefore lift a modest hymn in praise of rising American economic freedom. Excelling the United States in economic freedom are, in descending order: Hong Kong, Singapore, New Zealand, Switzerland… and Ireland. Falling in behind the United States are Georgia, Mauritius, the United Kingdom, Australia and Canada. In proof that economic might and economic freedom are not synonyms, China — the world's second-largest economy — rings in at 108th place. Would it surprise you to learn that starving Venezuela finished dead last? Economic freedom in Venezuela is reduced to the freedom of the belly to growl and the heart to break. Though in fairness… North Korea and Cuba yielded insufficient economic data for Fraser to even evaluate. Coming back home, and please do, the United States wins specific high marks for "sound money" and "regulation." The answers are close enough at hand… Since December 2015 the Federal Reserve has taken to the path of rising interest rates. Since October last, it has also been working down its post-crisis balance sheet. The business is scheduled to continue through 2020. Meantime, President Donald Trump has "undertaken the most extensive regulatory reduction ever conceived" — his words. A gust of rhetoric perhaps. But according to data from George Washington University's Regulatory Studies Center, “significant regulatory activity” declined 74% compared with Obama's first year. We might add that tax cuts have put more money to the service of economic freedom. All in all, a sweet dish. But do not forget: Money borrowed and spent today is money that must be repaid tomorrow — with interest. Tax cuts unmatched by spending cuts thus represent a false and temporary freedom. Government debt has swollen $1.46 trillion under Trump — a 7.3% increase. The Congressional Budget Office (CBO) projects trillion-dollar deficits for years on end. And debt service grows costlier as interest rates rise. Ultimately it threatens to swamp the entire budget. New York Times:
"It’s very much something to worry about," warns C. Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. "Everything else is getting squeezed." We applaud any and all advances in economic freedom. But come the next crisis, we fear it too may get "squeezed." Jim Rickards has spelled out the monetary elite's plans for the next crisis… The abolition of cash, the freezing of bank accounts, negative interest rates, "helicopter money" — all are likely on the menu. The last crisis dropped American economic freedom to 18th place. Only now has it recaptured sixth spot. Given the potential intensity of the next crisis… the wait may be far longer… Regards, Brian Maher The post REVEALED: America's Economic Freedom appeared first on Daily Reckoning. |
| Gold Investors: It Is Time for a Logic Lesson Posted: 26 Sep 2018 01:00 AM PDT Precious metals expert Michael Ballanger discusses distortions in the markets. |
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