by Daily Bell Staff
The Daily Bell
Hillary Promises a New Government Agency to Open Up Our Borders … Hillary’s open borders policy will reach fruition if she becomes president. In fact, she said … she is going to open up a new government agency to help illegal aliens and get them on a path to citizenship. She has already said that in her first 100 days, she will go much further than Barack Obama. – Independent Sentinel
Months ago, we predicted that the North American Union would return as a political issue in this presidential race. Hillary intends to move in this direction if elected.
Once president, she will reportedly take emphatic steps to do to the US what has been done in Europe: Combine countries in a larger, streamlined “partnership.” In this case the countries are Canada, Mexico and the US.
We explained long ago, that a signal to bring back this disastrous idea was Trump’s popular and determined intention to oppose easy migration from Mexico to the US. George Soros responded with funding for an amorphous Latin-American movement aimed at greater integration.
My generation says: “Each of us can remember where he was when he heard about Kennedy’s assassination.
We have already figured out that, faced with the choice between doing “helicopter money” and allowing a deflationary implosion to occur, those in power will elect the former, because it buys them more time by keeping the system limping along for longer, and we have now arrived at the stage where it will be one or other. The market has already figured it out too, which is why gold and silver have started a new bullmarket.
Deposit bail-in risks are slowly being realised in Ireland, after it emerged overnight that FBD, one of Ireland’s largest insurance companies, have been moving cash out of Irish bank deposits and into bonds.
We are less than 100 days away from the US election. How are regional tensions around the world likely to play out past the November 8th elections?
This Chinese Gold Market infographic guides you through the largest physical gold trading market in the world, China.
The authors of American Amnesia, well-known political scientists from Yale and Berkeley, argue that supporters of the free market have forgotten a fundamental truth. Defenders of the market often point to the “Great Fact,” as the distinguished economic historian Deirdre McCloskey terms it, i.e., the amazing increase in human well-being and wealth that began about two hundred years ago, when trade and production in parts of Europe and America became freer than ever before. Does this not make manifest the virtues of the free market? Our authors do not think so. It is the “mixed economy” of government and business that has accomplished the real economic miracle.
Late last week, the Dow, S&P 500 and Nasdaq all hit new all-time highs. That marks the first time all the major averages set new closing highs on the same day since 1999.
Good Day… And a Marvelous Monday to you! It’s a deluge of rain here in St. Louis this morning. The main road in and out of the area of the river city I live in, was closed due to flooding, so I had to find another way out! Cardinals do enough to keep everyone interested this past weekend, and the Olympics finished their first week and head into the last week of competition. The U.S. Data was bad again on Friday, and Pink Floyd greets me this morning with their song: Money… But if you’re asking for raises, no surprises That they’re giving none away… Story of my life right there folks… Story of my life…
There is no better way to describe the history behind the supposed world-changing cold fusion E-Cat invention anything other than a complete fiasco. The E-Cat’s inventor, Andrea Rossi, promised that his is breakthrough cold fusion technology would solve the world’s energy problem.
An increase in the amount of gold bullion held by GLD (the SPDR Gold Shares) and other bullion ETFs does not cause the gold price to rise. The cause-effect works the other way around and in any case the amount of gold that moves in/out of the ETFs is always trivial compared to the metal’s total trading volume. However, it is reasonable to view the change in GLD’s gold inventory as a sentiment indicator.
It is the dog days of summer. The metals are trading below their recent highs while the miners continue to be on the cusp of their next leg higher. In any event we remain bullish as we expect the next big move to be higher not lower. One reason, among many is Gold remains strong against foreign currencies and that often is a leading indicator for the sector at large. This is something we track often and we wanted to provide an update during the slowest period of the year.
The International Monetary Fund (IMF) is one of the most powerful institutions in the world. It acts as the de facto central bank of the world. The IMF makes loans to countries in distress, raises funds from its member nations and issues its own world money called the special drawing right (SDR).
The only way to reverse declines in labor participation and stagnation in wages and demand is to make it easier to start enterprises and hire people.
Japan and Europe have been operating with negative interest rates for going on a year now, and this is what they have to show for it:
Ever wonder why the dogs days of summer have seemed doggier than usual lately? Indeed, even with the broad averages in record territory, this has been the most boring summer that I can recall. Blame it on ETFs that were created to help, among others, Joe Sixpack spread off risk. It used to require deep pockets to do this with futures contracts, but with ETFs, every Tom, Dick & Harry with a $2000 trading account can do it. The result is that market volatility has been crushed by spread traders who typically short one-month volatility against VIX options expiring in two or three months.