Deranged Central Bankers Are Blowing Up The World
Submitted by Jim Quinn via The Burning Platform blog,
You are here
Business
Kyle Bass Is Dead Wrong About Chinese Banks Says Chinese Bank
China is upset with “speculators.”
You see it’s not that China’s economy is “landing hard” and it’s not that a massive yuan devaluation is almost a foregone conclusion. No, it’s that “manipulators,” “speculators,” financial “predators,” and all sorts of other nefarious foreign meddlers are colluding to destabilize the country’s economy and financial markets for personal gain.
DeBeers Cartel Deathwatch: Russia Set To Flood Diamond Market With Firesale Of 167,500 Carats
Thanksgiving Day in 2014 will remain in the history books for one key event: that is the day when OPEC effective collapsed, after Saudi Arabia refused to comply with demands by other OPEC members to cut oil production, unleashing the biggest ever drop in the price of oil, ultimately surpassing even that seen after the great financial crisis in duration and severity.
World Economic Climate Index Tumbles
Submitted by Constantin Gurdgiev via True Economics blog,
Global growth leading indicators are screaming it, Baltic Dry Index is screaming it, PMIs are screaming it, BRICS are living it, and now Ifo surveys are showing it: global economy is heading into a storm.
The latest warning is from the Ifo World Economic Climate Index.
Per Ifo release:
Goldman Tells Clients To Short Gold 5 Days After Saying Gold May Soar "Much Higher Over Time"
What a difference five days makes.
Recall last Wednesday evening, when none other than Goldman decided to be the latest to piggyback on gold's torrid momentum, by saing "there’s scope for the gold price to extend much higher over time." This is what Goldman's chartists predicted: