Some market observations courtesy of the latest "Morning Porridge" from Mint's Bill Blain
* * *
Blain’s Morning Porridge – May 9th 2017
“I’ve met the Emperor of China and the only British working miner, but I’ve never…..”
Authored by Pepe Escobar via The Asia Times,
So in the end the West was saved by the election of Emmanuel Macron as President of France: relief in Brussels, a buoyant eurozone, rallies in Asian markets.
That was always a no-brainer. After all, Macron was endorsed by the EU, Goddess of the Market, and Barack Obama. And he was fully backed by the French ruling class.
This was a referendum on the EU – and the EU, in its current set-up, won.
Authored by Mac Slavo via SHTFplan.com,
If you happen to be visiting Rome, Italy anytime soon (or pretty much any Western European country), then you may want to come prepared with pepper spray or other self defense tools, because as you’ll see in the video below, peaceful refugees looking to culturally enhance Europe aren’t always as friendly as you may think.
by Keith Weiner
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question.
Which interest rate will be higher?
The Wrong Approach
It appears the chairmen of UBS have plenty to say on Europe.Following former UBS chairman Peter Kurer's comments that "to the elites, the EU is a means to get rich quickly and export their problems," UBS current chairman Axel Weber has warned bankers that Europe is not "out of the woods" from its political risks even after Emmanuel Macron’s reassuring victory in the French presidential election.
Peter Kurer recently remarked on the end of the Euro...