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    Daily Digest 11/19 – The Future Of Global Oil, Beirut Feels Forgotten

    by DailyDigest

    Thursday, November 19, 2015, 3:46 PM


Rollercoaster Crash: Top 4 Reasons For Deflation – Hidden Secrets Of Money 6 (Kevin J.)

Conclusive proof a market crash bigger than 1929 is coming. There are 4 unmistakable signals a financial crisis of epic proportions is headed straight toward us. And to walk you through each of them, bestselling author Mike Maloney has released a shocking new video. It’s the first episode of the all-new season of the Hidden Secrets of Money. And it contains vital information for avoiding a stock market collapse.

Mike Maloney: Bond Bust Will Be Biggest Crash in History (pinecarr)

Where does that leave gold and silver? Maloney says, “In the last great deflation, which was well studied, the Great Depression, gold rose 70%. If you owned gold, you ended up with two and a half times more purchasing power. One of the few assets that actually did well in the last great deflation was gold.”

Beirut, Also the Site of Deadly Attacks, Feels Forgotten (richcabot)

Around the crime scenes in south Beirut and central Paris alike, a sense of shock and sadness lingered into the weekend, with cafes and markets quieter than usual. The consecutive rampages, both claimed by the Islamic State, inspired feelings of shared, even global vulnerability — especially in Lebanon, where many expressed shock that such chaos had reached France, a country they regarded as far safer than their own.

Barclays to pay $150 million more to New York regulator in forex probe (richcabot)

Barclays, in some instances, used a feature called “Last Look” on its forex trading platform to automatically reject client orders that would be unprofitable for Barclays because of price swings in milliseconds-long hold periods the bank imposed after trades were placed.

Barclays, however, did not disclose to clients that the trades were being rejected, but instead cited technical issues or gave vague responses, NYDFS said.

The Future of Global Oil (Tiffany B.)

But as the Oxford Institute for Energy Studies recently noted, India’s oil demand broke out to even higher levels in a trend that started in December last year. By February, oil consumption rose to a record 3.91 million barrels a day, the second highest ever recorded in the country. The trend continues despite the removal of fuel subsidies and the imposition of excise taxes by the reformist Modi government.

Fed officials again flag December; see smooth rates liftoff (richcabot)

Rob Kaplan, the Fed’s newest policymaker, declined to use his first public appearance as president of the Dallas Fed to comment directly on the timing of a rate hike, but expressed confidence that inflation will rise back to the Fed’s 2 percent goal over the medium term. The Fed has said it needs exactly that confidence before raising rates.

Once rate hikes start, he said, the Fed will reassess conditions at each meeting and will pause further rate hikes if needed.

London Property Crashes – Off 11.5% in One Month (Aaron M.)

The emails have been coming in, asking how can our model can pinpoint so many aspects around the globe. This is a global model; it is not constructed on a single economy. Moreover, every aspect is included, for this was created from a list of panics irrespective of the underlying instrument.

Obama Administration Goes Easy on For-Profit-College Company With Goldman Sachs Ties (richcabot)

If you read that the DOJ required a loan-forgiveness program from Education Management Corporation, you might think that the Obama administration is seriously cracking down on for-profit education companies. However, the pool of students who will share in “the $102.8 million loan forgiveness program” is so restrictive that Education Management will not be held liable for the plundering of federal and personal loans totaling in the billions of dollars over the past few years. In short, the corporation has profited from its fraud, just as Wall Street financial firms – as BuzzFlash has frequently documented – have engaged in deceitful practices that resulted in profits exceeding government fines.

ISIS Goes Full “Jackass”, Tries To Shoot Down Fighter Jet With Pickup Truck Machine Gun (Afridev)

Then, for those who watched the video the militants released earlier this week threatening to attack Washington, you might have noticed that in the scenes with the soldiers standing in front of the armored truck, the guy on the right falls asleep standing up at least four separate times as the man in the center delivers an impassioned speech.

Gordon T. Long: Financial Repression, Gold, And The Dollar (Jonathan D.)

Gordon T Long has 40 Year career in technology, senior management and investment finance. He was Senior group executive with IBM and Motorola for over 20 years, Spearheaded International Subsidiary and Distributor Start-up Operations for high profile technology firm, Founded LCM Groupe in Paris, in 1995 to specialize in rapidly emerging Internet Venture, Capital and Private Equity Industry, Financial writer and commentator since 2010.

Scientists discover new antibiotic-resistant gene MCR-1 in China (richcabot)

“Equally worrying is that this type of resistance can be easily transferred between bacteria,” she said. Piddock said that global monitoring for MCR-1 resistance was going to be essential to prevent the spread of polymyxin-resistant bacteria.

The Black Market For Black Gold In The U.S. Is Booming (Evan K.)

From raw crude sucked from wells to expensive machinery that disappears out the back door, drillers from Texas to Colorado are struggling to stop theft that has only worsened amid the industry’s biggest slowdown in a generation. Losses reached almost $1 billion in 2013 and likely have grown since, according to estimates from the Energy Security Council, an industry trade group in Houston. The situation has been fostered by idled trucks, abandoned drilling sites and tens of thousands of lost jobs.

Fossil Fuel Subsidies Top $450 Billion Annually, Study Says (richcabot)

The report by Oil Change International, a Washington-based advocacy organization, and the Overseas Development Institute, a British research group, calculates the amount of money the G20 nations provide to oil, gas and coal companies through tax breaks, low cost loans and government investments. It comes just weeks before country representatives convene in Paris to forge a climate deal that aims to put the global energy economy on a path to zero emissions, and it underscores the obstacles this effort faces.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/18/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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  • Thu, Nov 19, 2015 - 4:15pm



    Status Silver Member (Offline)

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    Posts: 2932

    Brazil annual inflation rate tops 10 pct in mid-November Reuters

    Brazil annual inflation rate tops 10 pct in mid-November

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    China banks turn blind eye to soaring overdue loans

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    Petrobras's Dangerous Debt Math: $24 Billion Owed in 24 Months

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    MarketsGermany snags record low yields for 2-yr debt sale

    Financial Times – ‎Nov 18, 2015‎
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    Wall Street Journal – ‎3 hours ago‎
    BEIJING—China's central bank took another step to reduce the rates banks charge businesses and consumers in an attempt to counter the deflationary pressure that is weighing on growth in the world's second-largest economy. In a move characteristic of

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  • Fri, Nov 20, 2015 - 11:27pm



    Status Silver Member (Offline)

    Joined: Sep 22 2010

    Posts: 616

    NEW Global Reserve Currency

    Some of you who follow the debate about how we will get through the next financial crisis might enjoy Rickard's latest lengthy post about the history of the world's reserve currencies and how to protect yourself from the rebalancing of that BASKET.  Fascinating, as usual, at least for me.

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  • Fri, Nov 20, 2015 - 11:32pm



    Status Silver Member (Offline)

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    Posts: 616

    Rickards, again. Sorry


    Jim Rickards Strategic Intelligence  

    November 20, 2015

    Strategic Intelligence Issue #14

    The Only Way to Own the
    New World Money


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  • Sat, Nov 21, 2015 - 12:23am

    Reply to #3


    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    The Only Way to Own




    Was there a link to the article Ken? Just curious, sounded like it might be interesting. Do we all need to get chipped?

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