America

With the Chinese government having dramatically clamped down on various forms of capital flight in recent months (incidentally, a key driver for the surge in the price of bitcoin over the past year), Chinese residents have been coming up with increasingly more innovative forms of capital flight. One, noted previously, has been the unprecedented scramble to purchase foreign companies with no regard for price. After all, if the only intention is to have a legal basis to ship funds offshore, and debt investors willing to foot the bill, why not.

David Brooks says that he’s not taking Donald Trump’s march to the nomination lying down. He confesses that he has spent too much time inside bourgeois circles, talking to people like himself, and hasn’t spent enough time out with the kind of people who respond to Trump’s message.

Donald Trump could not have paid for a better advertisement for his campaign. From the Los Angeles Times:

Hundreds of demonstrators filled the street outside the Orange County amphitheater where Donald Trump held a rally Thursday night, stomping on cars, hurling rocks at motorists and forcefully declaring their opposition to the Republican presidential candidate.

Gold “Chart of The Decade” – Maths Suggest $10,000 Per Ounce Says Rickards

James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.

Gold in USD – 10 Years (GoldCore)

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The banquet of consequences is about to be served.

If we step back and look at what's happened since the Global Financial Crisis of 2008-09, it's easy to see that the global leadership has chosen to do more of what's failed spectacularly.