Did you hear what Rosanne said????
The world markets are in free fall Italy up sets bond market Gross big looser.
Next day every thing is a OK back to up markets every where.
Exposed: The Quiet Global Panic Into Gold
May 30, 2018
. . .
China, Russia, and Turkey in particular have boosted their central bank gold holdings substantially since 2007, namely by 307% (China), 408% (Russia), and 486% (Turkey). In Q4 2007 China, Russia, Turkey, and India together held 1,524 tons of gold, which represented just 5.1% of total official gold reserves at the time. In Q4 2017 their combined reserves amounted to 4,804 tons, or 14.3% of total official gold reserves.
King World News note: Keep in mind that the US economy is in stagflation and when the United States went through stagflation in the 1970s, gold soared 25.5-times in price and the price of silver went up 38-times. When the pendulum swings in gold’s favor and away from stocks, the upside gains in the gold and silver markets will be breathtaking.
USA in a Debt Trap Death Spiral
June 1, 2018
The US economy and its financial structures have never recovered from the great financial meltdown of 2008 despite the passage of ten years. Little discussion has been given to the fact that the Republican Congress last year abandoned the process of mandatory budget cuts or automatic sequestration that had been voted in a feeble attempt to rein in the dramatic rise in US government debt. That was merely an added factor in what soon will be recognized as a classic debt trap. What is now looming over not just the US economy but also the global financial system is a crisis that could spell the end of the post-1944 dollar system.
. . .
Moody’s Credit Rating has just issued a warning that, barring some sort of miracle, as US interest rates rise, and they are, as much as 22% of US corporations that are being kept alive borrowing at historically low interest, not only in shale oil but in construction and utilities, so-called “zombie” corporations, will face an avalanche of mass defaults on their debt. Moody’s writes that, “low interest rates and investor appetite for yield has pushed companies into issuing mounds of debt that offer comparatively low levels of protection for investors.” The Moody’s report goes on to state some alarming numbers: since 2009, the level of global non-financial junk-rated companies has soared by 58%, representing $3.7 trillion in outstanding debt, the highest ever. Some 40%, or $2 trillion, are rated B1 or lower. Since 2009, US corporate debt has increased by 49%, hitting a record total of $8.8 trillion. Much of that debt has been used to fund stock repurchases by the companies to boost their stock price, the main reason for the unprecedented Wall Street stock market bubble.
This is much bigger than anyone understands.
The Chinese will soon own all the mineral rich African counties. Not squeak out of Washington because they simply do not understand that when this one item is done, the world of technology manufacturing belongs China. We seem to sheep all walking towards a cliff, with no intelligent life here.
All smart phones and bombs will carry the label “Made in China.”
The world moves on while Americans get bread and circus.
De-Dollarization Escalates: “African Economy Needs More Usage Of Chinese Yuan”
June 2, 2018
The world’s push towards de-dollarization continues to accelerate as Americans go about their daily lives worrying more about blasphemous comedians, participation trophies, and Kim and Kanye’s traitorous behavior.
From yuan-denominated oil futures (and soon to be yuan-denominated metals contracts) to Europe’s decision to use Yuan to pay for Iranian oil; and from non-dollar settlement systems for Russia/Chinese trade to Turkey’s call for citizens to dump the dollar, it appears each action of the Trump administration deepens the distrust in the dollar hegemony, coalescing the world against Washington’s reserve currency unipolar order.
All of which leads to this…
In a well-placed interview in China’s Xinhua news – the official press agency of the People’s Republic of China – officials from Africa are seen calling for more yuanification of the massive continent’s economies.
There has been a general consensus among some eastern and southern African countries that there should be more usage of the Chinese yuan in the region because of China’s growing influence in business and trade, a financial expert said Thursday.
Executive director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) Caleb Fundanga said a forum for financial experts earlier in the week had agreed that there was need to use the Chinese yuan as a reserve currency because China was playing an active role in their economies.
Russia knows it is not a worthless relic.
Russia To Double Gold Extraction Becoming World’s Second Biggest Producer
June 3, 2018
Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world’s second largest producer of the precious metal.
The country is currently third in the global rating of gold miners after Australia and China. However, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute of Geotechnology, as quoted by Vedomosti.
In 2017, Russia extracted 8.8 million ounces, accounting for 8.3 percent of total global production, according to data by the UK consultancy Metals Focus, as quoted by the media. The newly discovered gold deposits will reportedly allow miners to increase extraction by half in seven years. By 2030, extraction is expected to grow by nearly eight million ounces.
Earlier this year, state exploration company Rosgeo said that a new discovery, holding some 900 tons of silver and gold, was found in the Republic of Bashkortostan. According to initial estimates, there are some 87 tons-worth of gold in the area. Silver deposits, meanwhile, are estimated at 787 tons.
Courtesy of Dave.
A Whopping 95.9 Million Americans Are No Longer In The Labor Force
June 1, 2018
Record low unemployment rate my fat ass!!!
Don’t believe the BLS bullshit. Scanning the Household data proves it is bullshit. If the economy was booming the number of people not in the labor force would be declining, as discouraged people came back into the work force. From May 2017 through September 2017 that was actually happening. The number of people not in the labor force declined by 558,000. The participation rate increased to 63%. This was definitely positive economic news.
Since September 2017 the unemployment rate has supposedly fallen from 4.2% to 3.8%. Sounds awesome. But it’s bullshit. Just the facts ma’am:
New jobs added since September 2017 – 1.15 million Number of people who have left the labor force since September 2017 – 1.435 million
The participation rate has dropped back to 62.7%. The average number of new jobs added over the last eight months is a pitiful 144,000 per month, while 179,000 per month have left the labor force.
The reported unemployment rate of 3.8% is pure propaganda, not supported by the reality on the ground. Millions of Americans don’t leave the labor force when jobs are plentiful and the economy is humming along. So it goes.
Via Zero Hedge
Courtesy of Dave.
Diplomatic Humiliation As US Vetoes Resolution on Protecting Palestinians
June 2, 2018
“Information Clearing House” – The United States vetoed Friday a UN draft resolution calling for measures to protect Palestinians after more than 100 were killed by Israeli fire during protests at the Gaza fence.
Ten countries including China, France and Russia voted in favor of the draft. Four countries – Britain, Ethiopia, the Netherlands and Poland – abstained.
Courtesy of JB.
Courtesy of JB.
‘Pack Your Bags’: Italy’s New Interior Minister Talks Tough On Migrants