“If the US opts to further toughen sanctions in defiance of common sense and in disregard of its experience that has already been quite painful for them, then we will find measures in our toolbox that will have a painful impact, particularly in terms of America’s positioning in the world,” Ryabkov told the deputies of the Russian State Duma, ahead of a vote on a bill suspending the Russian-American deal on reprocessing weapons-grade plutonium.
Then today, in addition to the Fed's custody data, we also got the latest monthly Treasury International Capital data, which showed that the troubling trend presented last one month ago, has accelerated. Recall that a month ago, we reported that in the latest 12 months we have observed a not so stealthy, in fact quite massive $343 billion in Treasury selling by foreign central banks in the period July 2015- July 2016, something truly unprecedented in size and scope.
The Warnings of a New World War (Aaron M.)
In an interview with the Bild newspaper on Oct. 8, German Foreign Minister Frank-Walter Steinmeier, who is known for his cautious rhetoric, described the present international situation in the following woeful terms: “unfortunately it is an illusion to believe this is the old Cold War. The new times are different; they are more dangerous. Previously, the world was divided, but Moscow and Washington knew each other’s red lines and respected them. In a world with many regional conflicts and dwindling influence of the great powers, the world becomes more unpredictable.”
By buying and holding government debt to drive down borrowing costs and by remitting funds earned on those securities back to national treasuries, central bank chiefs Janet Yellen, Mario Draghi and Haruhiko Kuroda are in effect collaborating with their political counterparts to stretch crisis support into the distant future.
Don't Overlook Russia (Tiffany D.)
I believe U.S. stocks are dangerously overvalued. I believe the U.S. economy is a meth head addicted to the narcotic of free money and that the Federal Reserve is dangerously close to an epic crisis (no matter whether it raises or lowers interest rates). And I believe the U.S. dollar has all the strength of a 98-pound weakling strutting around Muscle Beach as though he owns the sand.
Of the 435 voting members in the House of Representatives and 100 in the Senate, 117 legislators’ scores decreased while 310 legislators’ scores increased an average of 14 percent. Eighty-two members of Congress received a perfect 100 percent, including House Minority Leader Nancy Pelosi. Representatives Jody Hice (GA-10), Paul A. Gosar (AZ-4), and Tom Graves (GA-14) received the lowest scores, 12 percent, based in part on voting against legislation that would manage cyanotoxins in drinking water and voting to repeal a law that mandates meat and other foods be labeled with their country of origin.
While this is the first instance we can think of where a car company has preemptively banned its customers from using their vehicles for a specific use, post-sale conditions imposed by car companies are not entirely unheard of. Ferrari, for example, has been known to insist that customers buying its most expensive cars (like the Enzo or LaFerrari) promise not to resell them before a certain point, and the Italian sports car maker also famously disliked the way one of its high-profile customers had his car wrapped.
Silver, Debt, and Deficits – From an Election Year Perspective (GE Christenson)
You can see that official national debt has been rising exponentially. At the current rate of increase it should approach $40 trillion in 8 years. Given the likelihood of more wars, recessions, more social spending, and accelerating Medicare and Social Security expenses the total debt might be considerably higher than $40 trillion in 8 years, regardless of who is elected.
South Oz is continuing with its streak of extreme weather. The latest being our encounter with what's being described as a category 2 'hurricane' with the added bonus of a severe front preceding it that produced many low-grade tornados. A score of major power transmission towers were twisted off their footings, 80 000 lightning strikes fried out a lot of 'secondary' electricity infrastructure … 40% of power that is usually being generated from wind had to be shut down due to extreme winds and base load backup generators failed in many locations (including my region).
Lithium demand is rising fast, but those that understand the product lifecycle and development stages see that we are on the cusp of something much bigger. As more and more countries cross the electric vehicle chasm, demand will explode. This is not even considering grid storage, which is set to outstrip electric vehicle demand, and the rising use of consumer electronics.
Gold & Silver
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