Gold World News Flash |
- Global Economy Breakdown Has Accelerated
- Russian TV Report: China Refuses to Back Down in Escalating Trade Clash With US
- Jim’s Mailbox
- 7 Steps to Building Your Best Bucket List
- Ted Butler: What disconnect?
- Gold, Silver HUI Stocks Precious Metals Analysis
- One Step Closer to Recession
| Global Economy Breakdown Has Accelerated Posted: 28 Sep 2018 08:00 PM PDT According to Edmunds new vehicle sales for September are exptected to collapse, the auto makers are blaming the tariffs but we know that they are running out of sub prime people and channel stuffing is not working anymore. The global housing crisis has gotten worse, the US is not the only... [[ 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! ]]  |
| Russian TV Report: China Refuses to Back Down in Escalating Trade Clash With US Posted: 28 Sep 2018 06:00 PM PDT China is constructing the world. They just gave Africa 60 billion. They don't need the dollar, the yuans gold backed. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers... [[ 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! ]]  |
| Posted: 28 Sep 2018 11:20 AM PDT Jim, You and Bill warned about trade wars! Dave Trade Wars Could Collapse US Car Sales And Slash 715K Jobs: It Would Trigger A “Downward Cycle” September 27, 2018 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... Read more » The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset. |
| 7 Steps to Building Your Best Bucket List Posted: 28 Sep 2018 10:12 AM PDT This post 7 Steps to Building Your Best Bucket List appeared first on Daily Reckoning. One rainy afternoon an inspired 15-year old boy sat down at his kitchen table in Los Angeles and jotted down three words at the top of a yellow legal pad, "My Life List." Under that heading the boy listed 127 goals he wished to accomplish in his lifetime. Goals as big as fly a plane, explore the Congo River, run a mile in 5 minutes, light a match with a .22 rifle, and live to see the 21st century. Considered the world's greatest goal achiever and called "the real-life Indiana Jones" by the LA Times, John Goddard crossed off 111 of his 127 goals. After a battle with cancer Goddard died in 2013 at the age of 88 ½ years old leaving behind an inspiring legacy. How did a young boy become so motivated to not only write down a list of ambitious goals but actually set out and accomplish nearly all of them? Goddard says the spark was lit that rainy day when one of his father's friends was telling him how he regretted never having done the things he wanted to when he was John's age. If you're close to retirement, I have one question for you: What will you regret never having done when you die? Your Bucket ListSo many of us have life lists like John that we hope to accomplish during our retirement years but few manage to do what Goddard did. How come? Where most bucket lists go wrong is they leave out one key ingredient: intention. I've seen too many people show me their life lists with goals they have no intention of actually doing. These goals are typically wishes that are fun to daydream about when you're bored, but actually living out and doing these things is low priority. Toward the end of the movie Bucket List, after Morgan Freeman and Jack Nicholson finish climbing to the top of a pyramid in Egypt, Freeman asks Nicholson two questions. He says, "The ancient Egyptians had a beautiful belief about death. When their souls go to the entrance of heaven the gods asked them two questions. There answers determined whether they were admitted or not." Question 1: Have you found joy? Question 2: Has your life brought joy to others? Today my goal is to help you create a bucket list that drives your life in retirement. The two questions the Egyptians asked are a good litmus test for what should go on your life list but I think you should consider a few more things. Do's and Don'ts of a Bucket ListDO make a list of intentions, not wishes. Your bucket list needs to be something you actually want to do, not something you want to happen. Ten years from now when your million-dollar business is still an idea, it won't be because it wasn't attainable, it's simply because you didn't actually want to put in the work necessary to do it. Avoid writing down wishes, filter your list with goals you can picture yourself doing. DO make BIG audacious goals, but not unrealistic. Goddard's list is a good example of a bucket list with some audacious yet realistic goals. Learning how to fly a plane is ambitious but it's doable if you put in the hours. Saying you're going to own an NBA team is a pretty unrealistic goal unless you're willing to put in the work to make 8-9 figures a year. DO consider your priorities. Once again this comes down to what's most important to you. If family is a priority then write down goals that reflect that like spending time every week with your grandchildren. The key to sticking to your priorities is to be ruthless with the things that are not priorities in your life. Consider making a not-do list that you review frequently as well. This will keep you on track to crossing off what's truly important. DO make the goals on your list clear and check-off-able. Travel the globe is a vague goal. What countries do you want to visit? Better yet, what attractions, sites, and people do you want to see? Answer those three questions and build your travel goals around them. DO add small goals to your list. Lighting a match with a .22 rifle isn't an enormous goal but it sounds cool and probably looks badass. Don't forget to add some smaller goals to your list too. DON'T add goals to improve your "score." Small goals are fine but don't add things to your list just so you can cross it off and make your overall list appear more accomplished. Remember, these things need to have meaning to you. DON'T feel like you have to come up with exactly 100 goals. Fifty or one hundred, whatever arbitrary number you think your list needs to meet is wrong. Notice Goddard had 127 goals. Your list should be as long as it needs to be. However many meaningful goals you can realistically accomplish given the years you have remaining is what should determine the length of your list. Also consider that John started his list when he was a 15-year old boy. If you're 65, don't think you'll be able to do everything a young man with a 50-year head start will be able to accomplish. DON'T forget about the things you've already accomplished. This is optional but I think it pays to reflect on the goals you've already accomplished. Write down a few major goals you've hit in your life already. Maybe its countries you've traveled to or financial goals you've reached. Whatever your past goals you've attained put them on paper to remind yourself that you've already done some amazing things. DON'T write down goals that only sound good. Do you really want to read War and Peace cover to cover? The same goes for reading all of Shakespeare's work. There aren't too many people who honestly have the patience to sit and read these classics. While there's nothing wrong with this goal if you do, keep in mind your goals should reflect what you picture yourself actually doing, not what will sound good to a friend. DON'T depend on luck. Some goals will require a bit of luck but avoid making a list of goals that rest entirely on luck or other people's cooperation. For instance, if you wanted to have lunch with a famous movie star, don't be disappointed if this doesn't materialize. DON'T be stubborn about changing your list. Circumstances change and so will your life list. Be flexible and adjust your list according to your priorities and environment. If for whatever reason you run into money trouble, you may need to remove some of the more financially-dependent items off your list. Or choose do one or two of them instead of four or five. How to actually make your bucket list I hope now you have an idea of the type of goals you should be considering. Now comes the fun part, actually writing out your list. Step 1: BrainstormFind a quiet place you can think. Pour yourself a hot or cold beverage and jot down as many ideas that come to mind. Don't hold back and don't filter any of your ideas yet. Get everything on paper. Step 2: Categorize your goalsThere are a few main categories to choose from. Here are the most common ones you should consider. Obviously add or subtract whatever categories make sense for you. Travel Skills and knowledge Experiences Career Finances Relationships and family Physical feats Organize your ideas into these 7 categories. Step 3: Make your official listNow you should have a lot of ideas on paper. Take out a fresh piece of paper and write down your official list of goals. You can break your goals up by category or simply put all your goals in one long, numbered list. Step 4: Cut out anything on your list that doesn't inspire youRemember, the key to making a bucket list you'll actually do is intention. Review your "official" list and ruthlessly cut out anything that doesn't seem like you'd actually do it. Step 5: Put your list somewhere you'll see itThis step is crucial. Too many bucket lists get saved on hard drives or stored in a desk drawer never to be seen again. If you're serious about doing what's on your list then make your list prominent. Stick it on your fridge, bathroom mirror or as your computer desktop background. Anywhere you'll see it and be reminded. Step 6: Do one thing in the next weekIf you've taken the time to follow the steps I've laid out then your motivation must be high. Leverage that motivation and try to knock off at least one thing on your list within the next week. If you can't finish one thing then at least take some of the necessary steps to accomplishing one of your goals. This will help you build momentum. Step 7: Do it!There's no substitute for actually doing the work. Once you have your list written down, now you have to do it. Step 6 was a start but now you have to commit to really living your life in accordance with your list. Having a bucket list is one good way to establish goals, those things you've always wanted to do. I hope these steps I've laid out for you above help you get started with accomplishing some of long (and short) term goals you may have. To a richer life,
Nilus Mattive P.S. Please take a minute and click here now to watch this new clip. It's a minute or so long, max. And you need to see it. Because just a few seconds after putting your name on the mobile contact list my colleague is talking about and you could set yourself up to collect $6,500 or more on Monday morning… But you have less than 12 hours to register… Click here now and watch this short 1-minute clip. The post 7 Steps to Building Your Best Bucket List appeared first on Daily Reckoning. |
| Posted: 28 Sep 2018 09:27 AM PDT 12:26p ET Friday, September 28, 2018 Dear Friend of GATA and Gold: Silver market analyst and market-rigging critic Ted Butler today writes that all commodity futures markets, not just gold and silver, are setting prices with regard only to speculative short-selling, not to ordinary supply and demand. Butler wonders why the world "can't see what's directly in front of us." Butler's commentary is headlined "What Disconnect?" and it's posted at GoldSeek's companion site, SilverSeek, here: http://silverseek.com/commentary/what-disconnect-17426 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata 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, Silver HUI Stocks Precious Metals Analysis Posted: 28 Sep 2018 05:10 AM PDT Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63220.html |
| Posted: 27 Sep 2018 12:51 PM PDT This post One Step Closer to Recession appeared first on Daily Reckoning. As you know by now, the Federal Reserve raised interest rates again yesterday, its eighth increase since the rate hike cycle began in 2015. In his post-announcement press conference, Jerome Powell cited a strong economy, low unemployment, solid growth, etc. He said that “It’s a particularly bright moment" for the economy. Barring significant developments, the Fed may raise rates again in December and perhaps three times next year. Meanwhile, the Commerce Department announced this morning that second quarter U.S. GDP expanded at a 4.2% annualized rate, confirming the earlier estimate. On the surface it might look everything is great, that it is a particularly bright moment for the economy. But if you take a hard look behind the numbers, a different picture emerges. A lot of the cheerleaders say Trump's programs of tax cuts and deregulation will produce persistent trend growth of 3–4% or higher. Such growth would break decisively with the weak growth of the Obama years. It would also make the U.S. debt burden, currently at 105% of GDP, more sustainable if GDP were to grow faster than the national debt. There's one problem with the happy talk about 3–4% growth. We've seen it all before. In 2009, almost every economic forecaster and commentator was talking about "green shoots." In 2010, then-Secretary of the Treasury Tim Geithner forecast the "recovery summer." In 2017, the global monetary elites were praising the arrival (at last) of "synchronized global growth." None of this wishful thinking panned out. The green shoots turned brown, the recovery summer never came and the synchronized global growth was over almost as soon as it began. Any signs of trend growth have been strictly temporary (basically moving growth from one quarter to another through inventory and accounting quirks) and are quickly followed by weaker growth. In the first quarter of 2015, growth was 3.2%, but by the fourth quarter that year growth had fallen to a near-recession level of 0.5%. In the third quarter of 2016 growth was 2.8%, but it fell quickly to 1.2% by the first quarter of 2017. In the third quarter of 2017 growth was 3.2% but then returned to 2.0% by the first quarter of 2018, about the average for the past nine years. This pattern of temporarily strong growth followed by weak growth has been characteristic of the entire recovery that began in June 2009 and entered its 10th year a few months ago. In fact, we've seen even more extreme reversals in the recent past. In the third quarter of 2013, growth was 4.5%. But by the first quarter of 2014, just six months later, growth was actually negative, -2.1%, comparable to some of the worst quarters in recent recessions. Growth was 5.0% in the third quarter of 2014, but then fell off a cliff and was barely positive, 0.2%, in the first quarter of 2015. You get the point. Strong quarters have been followed by much weaker quarters within six months on six separate occasions in the past nine years. There's no reason to believe this trend will end now. The longer-term view of the entire recovery is more revealing. The recovery is currently 109 months old, the second-longest since the end of the Second World War. The average recovery since 1980 (a period of longer-than-average expansions) is 83 months. So this expansion has been extraordinarily long — far longer than average — indicating that a recession should be expected sooner rather than later. But the current expansion has also been the weakest recovery on record. Average annual growth during this expansion is 2.14%, compared with average annual growth for all expansions since 1980 of 3.21%. That 3.21% figure is what economists mean by "trend" growth. Even with the latest GDP numbers, the current expansion does not even come close to that trend. The "wealth gap" (the difference between 3.2% trend growth and 2.1% actual growth) is now over $4 trillion. That's how much poorer the U.S. economy is due to its inability to achieve sustainable trend growth. As for the Trump bump, growth in the first quarter of 2018 was 2.0%, slightly below the average since June 2009. Growth for all of 2017, Trump's first year in office, was 2.6%, slightly above the 2.14% average in this recovery but not close to the 3.5% growth proclaimed by Trump's supporters. In short, growth under Trump looks a lot like growth under Obama, with no reason to expect that to change anytime soon. In fact, the head winds caused by the strong dollar, the trade wars and out-of-control deficit spending may slow the economy and bring future growth down below the average of the Obama years. I've said repeatedly that the Fed is tightening into weakness. But it's more than the rate hikes. The Fed is also winding down its balance sheet, and the pace is scheduled to accelerate next year. Far from printing money, the Fed is destroying base money at a rapid pace. The Fed is basically burning money. They're doing this by not rolling over maturing Treasury and mortgage securities they hold on their balance sheet. That's a "double whammy" of tightening. When a security held by the Fed matures and the issuer pays it off, the money sent to the Fed just disappears. It's called quantitative tightening, or QT. When the Fed started QT in late 2017, they urged market participants to ignore it. They said the QT plan was on autopilot, the Fed was not going to use it as an instrument of policy and the money burning would "run on background" just like a computer program that's open but not in use at the moment. It's fine for the Fed to say that, but markets have another view. Analysts estimate that QT is the equivalent of two–four rate hikes per year over and above the explicit rate hikes. Bearing in mind that monetary policy works with a 12–18-month lag, this extraordinary tightening policy in a weak economy is almost certainly a recipe for a recession. And expected results are beginning to show up in the markets. Mortgage interest rates are up, mortgage refis are sinking like a stone and housing affordability is suffering. This will eventually result in fewer new home purchases, slower household formation and a weakening economy. The Fed will have to reverse course and cut rates, or at least "pause" in raising rates much sooner than they think. The Fed knows a recession will happen sooner rather than later and is desperate to acquire some dry powder (in the form of higher rates and a reduced balance sheet) so it can use it when the time comes. The problem, of course, is that by pursuing these policies, the Fed will cause the recession it is preparing to cure. The single most important factor in my analysis is that when the Fed realizes its mistake of tightening into economic weakness, it will have to turn on a dime and shift to an easing policy. Easing will come first through forward guidance and pauses in the rate hike tempo, then possibly actual rate cuts back to zero and finally reversing their balance sheet reductions by expanding the balance sheet through QE4 if needed. Jay Powell seems determined to continue rate hikes on an aggressive path and possibly to accelerate the hikes. But he might be in for a severe case of whiplash when he has to make a hard pivot to easing. But by then, the damage will have been done. Regards, Jim Rickards The post One Step Closer to Recession appeared first on Daily Reckoning. |
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