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Draghi made it clear however that the current stimulus needs to remain in place as inflation dynamics remain "more muted than one would expect."
    Jim Grant Simplifies the Gold Standard
Jun 28, 2017 - 06:37:50 PDT
The gold standard was a hard task master, all right. You couldn’t devalue your way out of trouble. You couldn’t run up a big domestic budget deficit.
Connecticut, too, appears wobbly. Rising pension benefits, the cost of servicing the state debt & falling tax revenue due to fleeing residents....
    Bond Insurers Sue Puerto Rico over Debt Deal
Jun 28, 2017 - 05:49:08 PDT
Bond insurers are suing Puerto Rico's financial oversight board over a $9 billion utility debt restructuring agreement, accusing the U.S. territory's financial supervisors of improperly withholding approval of the controversial deal.
President says explosives failed to detonate in incident following months of increasing violence against his rule
    Wolf Richter: A Major Adjustment Period Coming
Jun 28, 2017 - 05:28:25 PDT
“The debt needs to blow up. It needs to go way. There is too much debt.”
    Venezuela: What a Slide into Civil War Looks Like
Jun 28, 2017 - 05:24:02 PDT
It's not a full-blown civil war, but it's getting close to one. It shows the frustration Venezuelans must feel at a non-accountable, non-coping government that represents no one but itself – and note that these Venezuelans have been protesting since at least 2002
    Anxious Investors Try to Hedge Against a Big Selloff
Jun 28, 2017 - 05:21:55 PDT
Stock volatility is near an all-time low and corporate profits have bounced back from a year ago, but investors are increasingly moving to protect themselves from big swings in financial markets.
In a new NPR/PBS NewsHour/Marist poll, 55 percent of Americans say they disapprove of the Senate GOP bill to repeal and replace the Affordable Care Act.
Good news for investors in Louisiana. They will no longer have to pay sales tax when they buy gold, silver, and platinum.
Last week, Louisiana Gov. John Bel Edwards signed a bill into law that exempts the sale and purchase of gold and silver and other precious metals from state sales and use taxes. The new law will encourage their use and takes the first step toward breaking the Federal Reserve’s monopoly on money.
The HIGH RISK, LOW REWARD easily goes to the Dow & S&P, while the LOW RISK & HIGH REWARD belong to Gold & Silver.
Gold is the model 21st century weapon for financial wars.
    Central Banks Lock on the Way Money Is Created
Jun 27, 2017 - 13:34:51 PDT
The bank can issue 19 times this amount in new loans—in effect, creating $1,900,000 in new money out of thin air.
The end of growth is the start of the SHTF scenario in which we now find ourselves.
    Myopic Metals and Miner Miasma
June 27, 2017
I have been going to counseling for the better part of four years where my therapist is constantly prodding and pushing and pounding on me to "handle my emotions" such […]
Firm made bet on U.S. inflation that has gone awry: sources
    Why the Fed Will Fail Once Again
Jun 27, 2017 - 12:15:17 PDT
How Federal Reserve’s unbroken record of blunders is about to get even longer… and why it’ll have to fix its errors by September...
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be a run on the banking system at least as long as she lives. "Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we're
Have You Seen How Far Things Have Deteriorated In Venezuela? Alasdair MacLeod Warns the Movement Towards Socialism is Actually a Movement Towards Communism...
*FISCHER SAYS IT WOULD BE FOOLISH TO THINK ALL RISKS ELIMINATED