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Eurasian Economic Transformation Goes Forward

by F. William Engdahl, New Eastern Outlook:

At this juncture it’s clear that the attempt of the Trump Administration and related circles in the US military industrial complex have failed in their prime objective, that of driving a permanent wedge between Russia and China, the two great Eurasian powers capable of peacefully ending […]

With China’s Belt and Road Conference, Few Noticed the AIIB Added Another 7 Nations to its Coalition

from Rogue Money:

The Belt and Road Forum had both Russia’s President Vladimir Putin meeting with China’s President Xi Jinping on the progress of the Silk Road project, and on other programs the two leaders of the BRICS coalition have underway. And while the U.S. chose to send only a token representative to […]

Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate

by Charles Hugh Smith, Of Two Minds:

Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability.

Do we implode in a deflationary death spiral (ice) or in an inflationary death spiral (fire)? Debating the question has been a popular parlor […]

“This Is Probably Just The Beginning” – Chinese Banks Are In Big Trouble

from ZeroHedge:

That’s not supposed to happen…

With the crackdown on financial system leverage underway, Chinese banks (and securities firms) are in big trouble. As we noted previously, China’s bond curve is inverted, yields are surging, and Chinese regulatory decisions shutting down various shadow-banking pipelines has crushed securities firms’ stocks. However, as Bloomberg […]

“PETRIFIED”: Is JPMorgan Preparing for a MASSIVE Silver Spike? | Bill Murphy

from SilverDoctors:

On the Nature of Cash, Bonds, Digital Cash, and the Derivative Market

by Argentus Maximus, TF Metals Report:

People talk about derivative markets as dangerous places for the uninformed.

Educated investors have said that zero or near zero interest rates cause distortions in markets. Bonds which bear very little interest become overvalued at those times.

And cash has the nature of a zero coupon (interest rate) […]

Decentralization-The Future Of Monetary Value

by Andy Hoffman, Miles Franklin:

Of all the things I’ve observed in my three decades of financial market watching, none baffles me more than the idiocy of the Charlie Brown-like “traders” that buy paper gold and silver contracts on the COMEX, only to have the “football” pulled out by “Cartel Lucy” time and time […]

This Time It’s Different? Very Large Ethereum Correction in Near Future?

from WallStForMainSt:

New Home Sales Plunge 11.4% In April

by Dave Kranzler, Investment Research Dynamics:

So much for the jump in the builder’s confidence index reported last week. The Government reported a literal plunge in new home sales in April. Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall Street’s consensus estimate.

Analysts […]

Liar Loans Dog Subprime Auto-Loan-Backed Securities

by Wolf Richter, Wolf Street:

Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s.

“Liar loans” were a factor in the housing bust during the Financial Crisis that brought down the banks. Bank regulators now require lenders to verify income and employment of mortgage applicants and take other steps to […]

Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s

by Michael Snyder, The Economic Collapse Blog:

Even though I write about our ongoing long-term economic collapse every day, I didn’t realize that things were this bad. In this article, I am going to show you that the average rate of growth for the U.S. economy over the past 10 years is exactly equal […]

TERROR ATTACK IN MANCHESTER ENGLAND WITH 22 DEAD AND MANY CHILDREN/GOLD AND SILVER WHACKED TO COMMENCE OPTIONS EXPIRY WEEK

FOR 17 CONSECUTIVE TRADING DAYS, THE AMOUNT OF SILVER STANDING AT THE SILVER COMEX INCREASED: TODAY 23.26 MILLION OZ STAND!

from Harvey Organ:

COMMODITY GIANT NOBLE IN TROUBLE AS THE STOCK IS HALTED: ALL RATING AGENCIES MOVE THEIR DEBT TO JUNK/TROUBLE IN THE CHINESE BOND MARKET: THE 7 YR BOND HIGHER IN YIELD […]

The John Embry Interview

from Philip Kennedy:

Stocks and Precious Metals Charts – And Where They Make a Desert, They Call It Peace

from Jesse’s Café Américain:

“He felt that he had known them all, those strange terrible figures that had passed across the stage of the world, and made sin so marvelous and evil so full of subtlety.”

Oscar Wilde, The Picture of Dorian Gray

“In a nation run by swine, all pigs are upwardly […]

A Cautionary Tale for Bitcoin and Cryptocurrencies

by Matt, SGT Report:

Historically speaking, I’m pretty sure the blockchain will go down in history as one of mankinds greatest inventions. Hundreds of years from now high school students will look at old videos of Ben Bernanke and Janet Yellen and have to write an essay on ‘What were these people thinking’. Hopefully […]

$2,000 BITCOIN: COULD ETHEREUM GO TO $1,000?

from SGT Report:

Bitcoin is poised to pass $2,000 USD tonight, while Ethereum is up nearly $40 today alone to $127. Less than three months ago Ethereum was at $8. The crypto currencies are on fire, and in the case of Ethereum, for good reason. With a $11-12 Billion market cap, we ask the […]

Keiser Report: Debt & Taxes in Age of Trump (E1073)

from RT:

Max and Stacy discuss the great narrowing of the S&P 500 and how Amazon destroyed the department store. Max interviews Michael Pento of pentoport.com about debt and taxes in the age of Trump.