These are the signs of an economic collapse (Wendy SD)
The divide between the haves and the have-nots is growing exponentially. If the 99 percent can’t contribute to the economy because of the dire financial situations they find themselves in, then you see gross domestic product growth reports of 1 percent, such as we have seen lately.
Increases in wealth for those with central bank-supplied free money for financiers are measured in the millions of dollars. Even small-fry with capital invested in bubble markets have experienced gains in the hundreds of thousands of dollars–entire lifetimes of earned income for those earning $25,000 to $35,000 annually.
All Time Highs and Lows … and the Great Collapse (GE Christenson)
Central bank intrusions into markets. The Fed has helped the 1% but hurt most others. The Bank of Japan, Swiss Central Bank, and the EU are buying equities. Interest rates have been forced to the lowest levels in history. Economies are struggling even though central banks have aggressively “stimulated.” Perhaps the purpose of the stimulation was to boost the wealth of the 1%…
In the very near term, while traders continue to monitor any other comments from Fed officials they will also be focused on the monthly U.S. jobs report due out on Friday as a strong number could heighten expectations for monetary tightening, and vice-versa.
Meanwhile, according to the latest report published by the World Gold Council , it seems that investors are losing faith in the current financial system as well as being fed up with monetary policy in particular negative interest rates, and have therefore put their money into hard assets such as gold.
A Pleasant Lull (Don R.)
Events, not personalities, are going to demonstrate where things are at in the late-stage techno-industrial crack-up at hand. The shamans at the Federal Reserve have exhausted their repertoire of incantations for levitating the financial markets and, more ominously, the value of the US dollar. The prankish god they serve has arranged things so that the very faith needed to sustain their illusory influence will run down the drain as November 8 creeps closer. They must be getting awfully nervous down at the Eccles Building.
In Cincinnati, some medical and law enforcement officials said they believed the overdoses were largely caused by a synthetic drug called carfentanil, an animal tranquilizer used on livestock and elephants with no practical uses for humans. Fentanyl can be 50 times stronger than heroin, and carfentanil is as much as 100 times more potent than fentanyl. Experts said an amount smaller than a snowflake could kill a person.
But in the short-term the record levels of crude oil and refined products sitting in storage have prevented oil prices from rebounding. The U.S. had 525 million barrels of crude oil inventories at the end of August and 232 million barrels of gasoline. Both figures are sharply higher than the running five-year average and higher than even year-ago levels. And inventories are only down slightly from their peaks hit earlier this year. Until oil and refined product inventories start to draw down much more forcefully, oil prices will struggle to rise above, say, $50 per barrel.
Lava Flows From Hawaii’s Kīlauea Volcano (jdargis)
The current active lava flow (named “61g”) from Hawaii’s Kīlauea Volcano began as an eruption in May, and has spent months making its way to the shoreline. The flow reached the water in late July, and has now forged several entry points near near Kamokuna. The current flow is not a threat to any local communities, largely following previous lava flow paths. As geologists from the Hawaiian Volcano Observatory track the progress of the flow, visitors have been making the hike, or taking sightseeing boats, to view the ocean entry of 61g. Kīlauea has been continuously erupting since January of 1983.
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