Submitted by Alasdair Macleod via GoldMoney.com,
Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily that the yuan will suffer a major devaluation any time between the next few months and perhaps the next three years.
The impression given is that this view is universal, almost to the exclusion of any other.
Submitted by Simon Black via SovereignMan.com,
Thirteen years ago my life changed forever.
Colin Powell, then US Secretary of State and the most credible person in George W. Bush’s cabinet, made the case for war in Iraq on February 5, 2003.
As a young military intelligence officer at the time, watching from a makeshift army base in Kuwait not far from the Iraq border.
Back then I was a true believer, trusting that the government was a force for good “making the world safe for democracy. . .”
World War 3 could be on the horizon as the Pentagon announces a quadruple increase in its 2017 budget and turns its back on promises made to Russia after the fall of the Soviet Union. US-NATO troops are to be positioned close to Russia’s borders. And to maintain U.S. hegemony in where half the world’s population lives, China is put under military and economic pressure by Obama’s strategic pivot to Asia.
Submitted by Shane Obata & Richardson GMP
The Golden Age
Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…
At present, there a multiple reasons to consider gold:
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low.
Commodities obviously are saying something very different from "the market"...