A Crisis Of Confidence

by Craig Hemke via Sprott Money News A Crisis of Confidence, Part Two – Craig Hemke (May 19, 2020) Back in March and April, a chasm opened between the dollar price of spot gold (XAU) and the front month COMEX futures contract. So-called …

READ MORE

The Destruction of Demand

by Charles Hugh Smith via Of Two Minds Demand based on debt, unfulfilled promises and unaffordable habits is burning down. The first-order effect of the lockdown was demand destruction as shelter-in-place orders and business closures restricted consumers’ ability to spend. The second-order effect will be …

READ MORE

China’s new outbreak shows signs that coronavirus could be changing. Brazil records its worst daily death toll from coronavirus

https://www.japantimes.co.jp/news/2020/05/20/asia-pacific/science-health-asia-pacific/china-new-coronavirus-outbreak/ Chinese doctors are seeing the coronavirus manifest differently among patients in its new cluster of cases in the northeast region compared to the original outbreak in Wuhan, suggesting that the pathogen may be changing in unknown ways and complicating …

READ MORE

Iran’s Currency Drops To Near All-Time Lows Against US Dollar. China uses new and renovated buildings in Africa for spying: report

https://en.radiofarda.com/a/iran-s-currency-drops-to-near-all-time-lows-against-us-dollar/30623944.html The depreciation of Iran’s currency against the U.S. dollar has continued in recent days, reaching near all-time lows as the country faces multiple economic challenges. Iran’s rial on Wednesday came close to 180,000 against one U.S. dollar, registering an …

READ MORE

Fight The Fed

by jessefelder “In my opinion, you have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%. One thing keeping the percentage down will be competition, which …

READ MORE

The Fed has broken the very concept of markets.

https://twitter.com/NorthmanTrader/status/1263048041352888321 https://twitter.com/hks55/status/1263124303014506502 https://twitter.com/hks55/status/1263107542101766153 United States Debt Holders By Size. Japan is the second largest holder of Treasuries. pic.twitter.com/Wfz44kCeDT — Daniel Lacalle (@dlacalle_IA) May 20, 2020 Central banks are causing massive inflation in sovereign bonds and disguising real risk. In any …

READ MORE

Grenell Moab #3 >> Susan Rice Memo Declassified and Released – Confirms Discussion About Flynn as Subject of FBI Investigation: // On January 5, 2017, President Obama and Susan Rice were discussing incoming National Security Advisor Michael Flynn with FBI Director James Comey

by sundance Acting DNI Richard Grenell declassified the hidden paragraph of the Susan Rice memo and it was released earlier today.  Our suspicions about the content of the redacted paragraph being Michael Flynn connected are confirmed. On January 5, 2017, President …

READ MORE