A Tale of Two Crashes, Part II
Written by Jeff Nielson (CLICK FOR ORIGINAL)
In the first part of this series, readers were presented with two separate but related expositions. First, readers were reminded of what is now a pattern of crime: the eight-year bubble-and-crash cycles manufactured by the Big Bank crime syndicate in the West.
While "greed was good" in the '80s, it appears "gold is good" in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers of gold for eight straight years, according to IMF estimates, the longest streak since the first troops were deployed in The Vietnam War.
Chart: Bloomberg
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Could it be that America's ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny?
America's smug ruling classes are supremely confident: they feel no fear, no caution, and exhibit no prudence.
I outlined the five ruling classes in America's Nine Classes: The New Class Hierarchy.
Submitted by Gail Tverberg via Our Finite World blog,
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely.
Figure 1. Ratio of Imported Goods and Services to GDP. Based in FRED data for IMPGS.
By EconMatters
We broke out in the copper market today. We look at what resistance levels are in play going forward in the market.
https://www.youtube.com/watch?v=WbsoHDzcNDI
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