It’s the biggest change in the American workforce in over a century, and it’s happening at lightening speed. It’s estimated that in five years over 40 percent of the American labor force will have uncertain work; in a decade, most of us.
Increasingly, businesses need only a relatively small pool of “talent” anchored in the enterprise–innovators and strategists responsible for the firm’s unique competitive strength.
Both moves—the government pulling back from its market bailout and the currency devaluation—stem from the same ominous problem: China’s leaders are scrambling to find the money to keep its economy running. To understand the broader forces that led to this predicament, here’s a chart-based explainer tracing its origins.
Those who flatly dismiss the possibility there can be such a divergence between the market price and the natural clearing price have not been paying attention to what has been going on in any number of rigged markets over the past few years.
What I really worry about is that transition from one financial scheme to the next is never done peacefully. The hegemon that has the printing press, that has the reserve currency, they don’t just sit back and say we’ve had our time in the sun. Now it’s your turn. No, they fight as hard as they can to protect and defend that. That’s my biggest concern.
The Fed Is Dead Wrong (Tiffany B.)
The Fed won’t raise rates until the world economy looks healthier, but the world economy is actually OK. Even China is OK. (Apple said that the China consumer is pretty healthy). World economic numbers will look much better in 2016, and central banks outside the U.S. will begin raising rates … and that will finally give the Fed the cover it needs to raise.
Silver and Warnings From Exponential Markets (GE Christenson)
Paper markets such as T-Bonds and the S&P 500 have been levitated by central bank “money printing,” government support, and the inevitable devaluation of fiat currencies built into the structure of the financial system. Paper markets move higher – exponentially – as currencies devalue and reset or crash to lower levels, and then repeat.
The rally went beyond those factors, however. In fact, much of the gain was related to speculative movements and the decisions of oil traders moving barrels of oil on paper. Speculators had taken a near-record level of short positions on oil, predicting that oil prices would continue to fall. And they did fall, for about two months between June and August. However, with such a large preponderance of short positions, the timing was right for a correction.
The Cross Of The Moment (Gerry M.)
Fermi’s Paradox, climate change, capitalism, and collapse are some of the subjects discussed in this feature length documentary on the environmental crisis. Interviewees include Bill McKibben, Gary Snyder, Derrick Jensen, Peter D. Ward, Jill Stein, Bill Patzert, Guy McPherson and other top academics, scientists and public intellectuals.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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