Western Interests Aim To Flummox Russia
Paul Craig Roberts and Michael Hudson
An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices.
Jim Rogers Buying Gold Bullion On Dips
By Chris at www.CapitalistExploits.at
After Pedro and his tortilla munching amigos south of the US border, Trump's favourite punching bag appears to be China:
I questioned the wisdom of this in last week's World Out of Whack.
Contrary to Trump's claims, China is trying to fight a market which is pressuring the yuan down. We know that China isn't actively pressuring their currency down but rather trying to hold back the outflows.
As China got back to work after Golden Week, it appeared a renewed exuberance appeared in every orifice of liquidity provision (even as PBOC sucked up excess for 6 straight days). Stocks are up, bonds are up, and commodities are soaring (all as Yuan tumbles) and tonight authorities unleashed 100bn reverse-repo (for the first time in 7 days) as leverage seems nothing to worry about again yields drop and asset prices rise.
The United States is concerned about the possibility of China making contact with extraterrestrials, according to the SETI Institute. John Hertz, former chairman of the board of trustees for the Search for Extraterrestrial Intelligence (SETI) told the Journal of the British Interplanetary Society that sending signals to alien civilizations was “extremely dangerous.” The warning comes after Chinese scientists announced that they were actively seeking to make contact with aliens in outer space.