This week for the first time - in the name of "transparency" - the London Bullion Market Association unveiled that as at 31 March, 2017 there were 7,449 tonnes of gold, or 596,000 gold bars, valued at $298 billion sotred in the vaults around London as well as $19 billion in silver. Only the gold hoard at Fort Knox and among Indian households said to account for more than the LBMA's inventory, which clears just over $18 billion in gold daily.
Authored by Paul Craig Roberts,
President Trump has been defeated by the military/security complex and forced into continuing the orchestrated and dangerous tensions with Russia. Trump’s defeat has taught the Russians the lesson I have been trying to teach them for years, and that is that Russia is much more valuable to Washington as an enemy than as a friend.
Do we now conclude with Russia’s Prime Minister Dmitry Medvedev that Trump is washed up and “utterly powerless?”
I think not.
Authored by James George Jatras via The Strategic Culture Foundation,
President Donald Trump has signed the sanctions bill against Russia, North Korea, and Iran. With the near-unanimous, veto-proof margin by which the so-called «Countering America’s Adversaries Through Sanctions Act» was passed by both the House and the Senate, Trump was in a lose-lose position.
We've frequently warned about the myriad of potential risks arising from the massive capital flows from active to passively managed accounts which will eventually, and inevitably, wreak havoc upon the markets. It is, in fact, this transition which is inextricably linked to the market's apparent disregard for traditional valuation metrics as it surges to all new highs with each passing day.
Authored by James Howard Kunstler via Kunstler.com,