Authored by Craig Wilson via The Daily Reckoning,
Jim Rickards joined Alex Stanczyk at the Physical Gold Fund to discuss current destabilizing factors that could drastically impact investors. During the first part of their conversation the economic expert delved into gold positioning for the future, the expanding threats from North Korea and liquidity in global markets.
Via StockBoardAsset.com,
Dramatic video has surfaced on liveleak.com of an intense firefight between a Mexican military unit and Cartel Del Golfo CDG members in Tamaulipas, Mexico.
The video starts out with Government troops rolling up to an intersection only to be met with a hellacious firefight.
Authored by Simon Black via SovereignMan.com,
One of the truly mind-boggling absurdities in modern finance has been the creation of ‘negative interest rates’ around the world.
Negative interest rates are particularly prominent in Europe.
Starting back in 2014, the European Central Bank (ECB) slashed its main interest rate to below zero.
One bizarre effect of this policy is that some banks have passed on these negative interest rates to their retail depositors.
Something strange happened on July 24: on that day the Bank of Japan announced it would reduce the size of its purchases of five-to-ten year JGBs from Y500 billion to Y470 billion. However, instead of yields and the yen spiking, as some had expected would happen, they slumped. And, just as unexpectedly, 10Y JGB yields continued to slump over the next month, despite another reduction in the amount of JGB in the 5-10 year bucket that the BOJ would purchase on August when it further reduced the amount to Y440 billion.
Authored by Lance Roberts via RealInvestmentAdvice.com,
No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle brewing in Washington.