In The News Today

Posted at 10:09 AM (CST) by & filed under In The News.

Bill Holter’s Commetary

This represents about 6% of GDP. What would 4% GDP growth have been if we did not increase debt by 6%? Do you understand the math here?

In FY 2018: Debt Up $1,271,158,167,127; Feds Borrowed $8,172 Per Every American With A Job
October 1, 2018

By Terence P. Jeffrey

(CNSNews.com) – The federal debt increased by $1,271,158,167,126.72 in fiscal 2018, according to data released today by the Treasury.

The total federal debt started the fiscal year at $20,244,900,016,053.51 according to the Treasury, and finished the fiscal year at $21,516,058,183,180.23.

The federal fiscal year runs from October 1 through September 30.

 

 

 

 

 

 

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Jim Sinclair’s Commentary

Everybody is onto manipulation.

The metals game yet some commentators still like to deny it.

Bank Of Nova Scotia Charged By CFTC With Spoofing In Gold, Silver Futures
October 1, 2018

The Bank of Nova Scotia BNS, -1.06% was charged by the Commodity Futures Trading Commission with multiple acts of spoofing in gold and silver futures between June 2013 and June 2016. Traders placed orders to buy or sell precious metals futures contracts with the intent to cancel the orders before execution, the CFTC said. The CFTC fine was $800,000, as the CFTC said the penalty was substantially reduced because it reported the conduct to the agency.

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