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After several of weeks of sharp currency devaluation, the market was carefully watching last night's China trade data to see if the Yuan debasement had led to a positive trade outcome to the world's second biggest economy, and as reported last night, it was not disappointed when China reported a December trade surplus of $60.09 billion from $54.1 billion in November, as a result of exports rising (2.3%), the first increase since June, while imports declined by just 4%, the lowest since 2014 despite China importing a record amount of oil, or 33.2 million tons, ostensibly to take advantage of

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Gold Undervalued Due To Massive Stock Dilution & Debt

Posted with permission and written by Steve St. Angelo, SRSrocco Report (CLICK FOR ORIGINAL)

Submitted by William Engdahl via New Eastern Outlook,

Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.

Some thoughts on what lies ahead while President Obama jawbones... (grab a glass of wine or bottle)

Submitted by David Haggith via The Great Recession blog,

Mission Accomplished? It's a modern monetary miracle - China's trade surplus surged to CNY382bn (from 434bn), dramaticlaly higher than the expected drop to 338bn thanks to better than expected data for imports and exports. Imports dropped 4.0% (less than the 7.9% drop expected) and the smallest decline since December 2014 but it was exports that "proved" China's policymakers are large and in charge. For the first time since February 2015, China exports rose year-over-year (by 2.3%) dramatically better than the 4.1% plunge expected.