Today, no one talks anymore about the beneficial effects of unimpeded capital movement. Today’s issue is “secular stagnation,” as former US Treasury Secretary Larry Summers puts it. The American economy isn’t growing even half as quickly as did in the 1990s. Japan has become the sick man of Asia. And Europe is sinking into a recession that has begun to slow down the German export machine and threaten prosperity.
How China And Gold Will Shape The Future (pinecarr)
Willem Middlekoop, author of The Big Reset: The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006 (while Ben Bernanke didn’t), Middlekoop asks, rhetorically, can the global credit expansion ‘experiment’ from 2002–2008, which Bernanke completely underestimated, be compared to the global QE ‘experiment’ from 2008–present? The answer is worrisome. In the following presentation he shares his thoughts on the future of the global monetary system; and how gold, the US and China are paramount for its outcome.
An American Dream Deferred (jdargis)
But then July turned into August, and August turned into September, and Obama decided it was more politically prudent to delay his executive action until after November’s midterm elections. So instead of being offered his reprieve, Javier was sent back to the poorest state in Mexico, where the advocate had sent him one final note. “Sorry,” it read. “Terrible timing.”
“She will remain subject to New Jersey’s mandatory quarantine order while in New Jersey,” the state’s health department said in a statement. “Health officials in Maine have been notified of her arrangements and will make a determination under their own laws on her treatment when she arrives.”
The announcement by Mr. Cuomo seemed intended to draw a sharp contrast — both in tone and in fact — to the policy’s implementation in New Jersey, where a nurse from Maine who arrived on Friday from Sierra Leone was swiftly quarantined in a tent set up inside a Newark hospital, with a portable toilet but with no shower.
Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil production was up slightly. The source, identified only as being familiar with the Saudi oil industry, said it extracted, on average, 9.7 million barrels of crude each day of the month, a rise from 9.597 million barrels per day in August.
Now that German growth has stumbled, the euro area is on the verge of tipping into its third recession in six years. Its leaders have squandered two years of respite, granted by the pledge of Mario Draghi, the European Central Bank’s president, to do “whatever it takes” to save the single currency. The French and the Italians have dodged structural reforms, while the Germans have insisted on too much austerity. Prices are falling in eight European countries. The zone’s overall inflation rate has slipped to 0.3% and may well go into outright decline next year. A region that makes up almost a fifth of world output is marching towards stagnation and deflation.
California is in the middle of its hottest and driest three years in recorded history. You’ve lived in the Central Valley a long time, and your work starkly documents the changing face of agriculture there. Does the current round of drought feel different from the rest?
It truly does feel new. It feels like uncharted territory. The big question in the air right now is: What’s next year going to bring? If we don’t have a seriously wet winter, next year could just be epic.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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