by David Kranzler
Investment Research Dynamics
Today is the Shadow of Truth’s 100th show.
We cover our favorite topics: Ponzi scheme U.S.A., gold market manipulation and the fraud underlying the stock market.
In addition, we discuss a development that Rory has uncovered concerning the IMF’s SDR and the gradual removal of the dollar as the world’s reserve currency. You read Rory’s analysis here:
Global De-Dollarization and here: SDR vs the Dollar. In the meantime, we hope you enjoy this “anniversary” episode of the Shadow of Truth:
Medical vs. Financial Engineering
Last year, according to the UN, 65.3 million individuals were forcibly displaced worldwide. “If these 65.3 million persons were a nation,” says the UN’s Global Trends: Forced Displacement in 2015, “they would make up the 21st largest in the world.”
Immigration is more than a touchy subject, and discussing it is often clouded by sentiment and disinformation. But a new poll makes clear that Americans have had enough of the unlimited swarm of immigration, at least in terms of its impact on American jobs.
With the price of oil tumbling and silver moving higher, the man who oversees more than $100 billion urges investors to buy gold and gold miners.
Any Rodney Dangerfield fans in the crowd? Certainly couldn’t blame you, as he was hilarious. He was king of the one-liners, with the “I don’t get no respect” routines perhaps his best-known repartee. But his genius didn’t end there. For our purposes today, I would like to borrow another of his famous catch phrases from the movie Easy Money, that being “it’s not easy bein me”. In this case however, the punch line is not so funny – not funny at all. Because it’s becoming increasingly difficult just to survive in this crazy world today with all the psychopaths running around attempting to exploit anything and everything that moves, where all to often these are the people ‘in charge’.
Before you start furiously typing out a retort, hear me out. First, I want to make it clear what I am not skeptical about. I am not skeptical about electric vehicles (EVs) continuing to grow rapidly for the foreseeable future. Indeed, I believe that will happen — although growth has slowed in the US in recent years.
Goldman Sachs strategists have cut their rating on global stocks to “underweight” over a three-month horizon, citing pricey valuations and poor earnings growth.
It all started with 9/11.
According to the National Bureau of Economic Research, the Great Recession (that was brought on by the implosion of Wall Street) ended in June 2009. What we’ve been in since that time is supposed to be the “recovery” part of the cycle. But for tens of millions of Americans, it has been hard to tell the recovery from the crisis in terms wealth accumulation, wage growth, or ability to earn a decent rate of interest on savings.
Talk to the average Joe on the street and he’ll tell you the world is coming undone…
You’re familiar with the children’s game of musical chairs. Ten children walk around nine chairs whilst listening to music. When the music stops, each must quickly find a chair and sit in it. One child is out of luck and is out of the game. Then a chair is removed and the nine remaining children walk around the eight remaining chairs, waiting for the music to stop again.
A rescue deal for Banca Monte dei Paschi di Siena sent shares of the troubled lender rallying on Monday, but the wider Italian banking sector slumped after the release of mixed stress test results.
Every day day of the another economist yaps about uncertainty.