On Thursday afternoon, NIA announced that it had shorted a large amount of Bitcoin at $5,950, prior to Thursday evening’s Amazon earnings conference call. NIA predicted that rumors of Amazon announcing that it will begin to accept Bitcoin as payment, would prove the be false – causing Bitcoin to decline in price immediately afterwards. NIA was… Read More
The Persecution of Norman Finkelstein The courageous Norman Finkelstein is being persecuted by corrupt police apparently working for two corrupt lawyers. https://www.change.org/p/janet-difiore-chief-judge-of-the-state-of-new-york-norman-g-finkelstein-must-walk-free The post The Persecution of Norman Finkelstein appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org
FORMER Gencor and BHP Billiton executive Miklos (Mike) Salamon passed away earlier this month, according to an announcement on October 25 by GEM Diamonds of which he was independent non-executive director. He had been battling cancer for several years. “Mr Salamon had served on the coard since 2008 and made an invaluable contribution,” said GEM.… Read More
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop. http://ads.investingchannel.com/adtags/OfTwoMinds/alternativeinvesting/300×250.js I’ve long held that if a problem can be solved by creating $1 trillion out of… Read More
China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal. According to the World Gold Council’s data on the second quarter of 2017, China accounts for about… Read More
As technology stocks and securitized mortgages have demonstrated all too recently, just because a bubble pops doesn’t mean it’s the end of the market. Hell, it doesn’t even necessarily preclude that another bubble won’t emerge years later. Wall Street analysts trying to figure out if JP Morgan CEO Jamie Dimon and Bridgewater Associates’ Ray Dalio… Read More
GOLD PRICES gave back yesterday’s bounce against a rising Dollar in London on Tuesday as world stock markets ignored Wall Street’s drop, bond yields rose, and a UK policy-maker tried to cool expectations for a hike in Pound Sterling interest rates. America’s S&P500 index last night capped a 5-day streak of new all-time record… Read More
China’s moves to replace the dollar as the global reserve currency may be denied, but with its ‘gold-for yuan’ option for oil purchases in its own currency it is moving another step closer. Source: sharpspixley.com
Authored by Pepe Escobar via The Asia Times, China's Belt and Road Initiative – the New Silk Road – will spark the country's development and turn the dream into reality… It all starts with Hong Kong as a major BRI financing hub. Now that President Xi Jinping has been duly elevated to the Chinese Communist… Read More
After nearly a year of cogitating, no one in the media, usually a fairly leaky institution, has been able to figure out who exactly who provided the infamous “Trump Dossier” to BuzzFeed which was published on January 10, 2017 and promptly debunked within approximately 35 seconds. As the Daily Caller points out today, less than… Read More
On April 18, 2016, it came to NIA’s attention that Bitcoin’s realized 30-day volatility had declined to only 15.8, which was below the realized 30-day volatility of gold. Since 2012, Bitcoin on average has traded with realized 30-day volatility that is 5.1X higher than the realized 30-day volatility of gold. It was shocking to see Bitcoin suddenly… Read More
The world’s oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business. Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada’s most popular precious metals… Read More
Happy days are here again for the U.S. economy – at least temporarily. On Friday, U.S. stocks hit another brand new record high. It seems like we are saying that almost every day lately, and most investors are absolutely thrilled by this seemingly endless surge. Global stocks are surging too – today world stocks hit a new record high for the 4th consecutive day in a row. But of course it isn’t just stock prices that are rising. As the week ended, pretty much everything was up, and we also got some good news about consumer sentiment. According to the new University of Michigan survey that was just released, U.S. consumers are the most optimistic about the economy that they have been since 2004…
The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far ahead of the 95 economists polled by Reuters anticipated.
“Consumer sentiment surged in early October, reaching its highest level since the start of 2004,” Richard Curtin, chief econ..
Authored by Andy Xie via The South China Morning Post,
Central banks continue to focus on consumption inflation, not asset inflation, in their decisions. Their attitude has supported one bubble after another. These bubbles have led to rising inequality and made mass consumer inflation less likely.
Since the 2008 financial crisis, asset inflation has fully recovered, and then some. The US household net worth is 34 per cent above the peak in 2007, versus 30 per cent for nominal GDP. China’s property value may have surpassed the total in the rest of the world combined. The world is stuck in a vicious cycle of asset bubbles, low consumer inflation, stagnant productivity and low wage growth.
The US Federal Reserve has indicated that it will begin to unwind its QE (quantitative easing) assets this month and raise the interest rate by another 25 basis points to 1.5 per cent. China has been clipping the debt wings of grey rhinos and pouring cold water on property speculation. They are..
Amazon has reportedly suspended Roy Price, its point man in Hollywood and the head of its ambitious video program, according to ReCode.
HollywoodReporter reports that in the wake of revelations about Harvey Weinstein’s alleged years-long sexual harassment and assault, a producer of one of Amazon Studios’ highest-profile TV shows is ready to talk about her “shocking and surreal” experience with Amazon’s programming chief.
“You will love my dick,” Price allegedly said to Isa Hackett, a producer on 'The Man in the High Castle,' who details a July 2015 incident at Comic-Con in San Diego.
On the evening of July 10, 2015, after a long day of promoting Man in the High Castle at Comic-Con in San Diego, Hackett attended a dinner with the show's cast and Amazon staff at the U.S. Grant Hotel. There she says she met Price for the first time. He asked her to attend an Amazon staff party later that night at the W Hotel (now the Renaissance) and she ended up in a taxi with Price a..
In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..
GOLD PRICES slipped against a rising US Dollar in London trade Thursday, cutting the metal’s recent losses in terms of other currencies such as the Euro as political tensions rose in the UK and Spain. Ahead of Friday’s official monthly jobs estimate, the Dollar price of gold held around $1275 per ounce as new… Read More
Forensic psychiatrist Dr. Michael Welner is convinced that Las Vegas shooter Stephen Paddock believed that the people that he was shooting “deserve to die”. As I detailed the other day, the massacre in Las Vegas was an operation that was planned well in advance. Paddock (and anyone that was helping him) specifically chose a country… Read More