US Taxpayer Is Now A Major Counterparty To Wall Street Derivatives
Submitted by Pam Martens and Russ Martens via Wall Street On Parade,
Submitted by Pam Martens and Russ Martens via Wall Street On Parade,
Whether it is due to Trump's increasingly vocal anti-free trade rhetoric or due to the ongoing deterioration in the global economy, there has been a big change in the public's perception toward the transatlatnic deal known as TTIP in the recent months, with support for the agreement which was drafted by big corporations behind closed doors tumbling.
The credit-fueled speculative bubble in China's commodity market, as we detailed previously, exploded this week as the mainstream slowly comes to realize that the gains in industrial metals are not a "sign of strength in China's and the world's economic recovery" but merely the next rotation of fast-money slooshing from Chinese equities to Chinese corporate bonds to Chinese real estate and now to Chinese commodity futures...
By The SRSrocco Report
The financial system is sitting on the edge of a cliff and an increasing number of investors are beginning to realize it. I hear more and more evidence from contacts in the financial and precious metal industry that the U.S. banking industry and Dollar are in serious trouble.
Authored by James Rickards, originally posted at The Telegraph,
For a century, elites have worked to eliminate monetary gold, both physically and ideologically.
This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic.