I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold. But, to be clear, Russia just broke the paper gold suppression scheme. On Friday the Bank of Russia announced:…
6 Reasons Why the Stock Market Will Likely Retest Its February Lows…
The early February stock market correction wiped $6 trillion off the global market capitalization before equities reclaimed a chunk of lost ground. But there are at least six reasons why markets may test those recent lows, according to analysts at Bank of America Merrill Lynch. A $6 trillion drop in global market cap would imply […]
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have a Job…
Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May […]
Rearranging The Deck Shares——Central Banks Inflating Massive Debt Bubble Even Further…
While Central Banks continue to “rearrange deck chairs” by shuffling bad debt around the globe and fostering continued bailouts of banks and hedge funds, the “ship is still slowly sinking”…