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 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
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 | Mac Slavo - ShtfPlan |
| What Could Pop The Everything Bubble |
| This article was originally published by Charles Hugh Smith at PeakProsperity.com. You can view more of his analysis at Of Two Minds.
I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air—nothing could be easier.
This is the lesson of the past eight years: if a problem can be solved by creating new money and buying assets, thenTuesday, October 31, 2017 |
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 | James Howard Kunstler |
Moby Trump  |
| He breached out of the horse latitudes in the Great Sea of Politics last spring and destroyed all the lesser whales with his mighty flukes, but now the Democratic Pequod, with its diverse and inclusive crew has vowed to chase him to the ends of the earth until he spouts black blood and rolls dead out. It’s Moby Trump! Skin your eyes for him men (and women, and intersectional non-binary zhes, theys, and hirs)! Do ye see a Bitcoin nailed to yonder mast? It goes to ye who raises me that whale of whFriday, June 9, 2017 |
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 | Mish - Global Economic Analysis |
| Revenge: Former Italian Prime Minister Seeks to Destroy the Euro |
| Former Italian prime minister Silvio Berlusconi resigned in 2011 in the midst of a eurozone crisis after the Italian parliament voted for austerity measures. He blames then ECB president Jean-Claude Trichet for his ouster.
Berlusconi was replaced by a technocrat Mario Monti, the first of four consecutive Italian technocrats.
He wants back in power, and he also wants Italy out of the Eurozone. Recent political moves indicate Berlusconi desires to destroy the euro even more than he wants back in pFriday, March 3, 2017 |
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| Mish - Global Economic Analysis |
 Italy Increasingly Likely to Abandon the Euro |
| An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.
The only missing ingredient is an early election. And early elections are now the odds-on favorite.
Let’s back up a bit to fill in the pieces as to how things got to this point.
Former prime minister Matteo Renzi stepped down in December after holding a referendum that failed miserably. See Renzi Resigns Following Crushing Referendum Defeat: Beppe Grillo, Marine le Pen, Matteo SalvSunday, February 5, 2017 |
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| Mish - Global Economic Analysis |
| Groundhog Day, Italian Style |
| Those who wish to understand Italian politics need only watch the American film classic “Groundhog Day“.
The movie stars Bill Murray who portray weatherman Phil Connors, an arrogant Pittsburgh TV weatherman who, during an assignment covering the annual Groundhog Day event in Punxsutawney, Pennsylvania, finds himself in a time loop, repeating the same day again and again.
So it is with Italian politics. Prime minister Matteo Renzi lost a referendum by a much greater than expected margin, resigneWednesday, December 14, 2016 |
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| Mish - Global Economic Analysis |
| Eurozone Day of Reckoning Coming Soon: Showdown Between Italy and Germany |
| The eurozone cannot survive without Italy. The serious problem at the moment is the Eurozone also cannot survive with Italy.
Two of Italy’s three largest parties are anti-Euro. The only party in Italy that does support the euro is ex-prime minister Matteo Renzi’s Democratic Party. And with Renzi gone, there’s a huge risk the party splinters.
Regardless, there are no likely scenarios that can keep things from flying apart according Wolfgang Münchau. I believe his analysis is solid.
Münchau makeMonday, December 12, 2016 |
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| Mish - Global Economic Analysis |
| Meet Paolo Gentiloni, 4th Consecutive Italian Technocrat Appointed Prime Minister: Renzi Not Vanquished Yet |
| Italian prime minister Matteo Renzi resigned as promised in the wake of an overwhelming defeat of a referendum he sponsored.
Today Sergio Mattarella, Italy’s president, appointed Paolo Gentiloni, the 4th Consecutive Technocrat as the new prime minister.
Paolo Gentiloni, Italy’s foreign minister, has been chosen to replace Matteo Renzi as prime minister amid signs of a quick solution to the political crisis that has convulsed the eurozone’s third-largest economy over the past week.
After three Monday, December 12, 2016 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Italian Referendum and Gold |
| Italians said “no” to constitutional reforms in Sunday’s referendum. What does it mean for the gold market?
The closely-watched Italian referendum about constitutional reforms was rejected by 59.1 percent of the voters. Have Italians just voted for hell? Not necessarily. Although many analysts considered the outcome of referendum as another vote – after Brexit and Trump’s victory – against political establishment, the reality is a bit more complex, as the proposed changes in constitution were quTuesday, December 6, 2016 |
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| Mish - Global Economic Analysis |
| Exit Stage 3 Delayed; Another Technocrat; Bank Bailout Coming; What About Beppe Grillo |
| Italy’s president, Sergio Mattarella, asked Renzi to stay on as prime minister. Renzi agreed to do so until a budget is in place, likely later this week.
The vast majority of the population wants an immediate election, but Mattarella wants another technocrat. Voter be damned, Italy’s 4th consecutive technocrat prime minister is coming up. I am available, and waiting a call.
The first mission of the new technocrat will be to pass legislation that will make it much harder for Beppe Grillo’s Five Tuesday, December 6, 2016 |
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| Mish - Global Economic Analysis |
| Renzi Resigns Following Crushing Referendum Defeat: Beppe Grillo, Marine le Pen, Matteo Salvina Tweets |
| Italian prime minster Matteo Renzi went down in flames in a crushing defeat of a referendum he sponsored.
Sergio Mattarella, Italy’s president, has a choice. President is largely a symbolic position but what happens next is up to Mattarella.
The president may ask Renzi to hang on in a caretaker role, there could be snap elections, there could be a fourth technocrat government. Renzi was the third consecutive appointed technocrat prime minister.
Extraordinarily Clear
The Telegraph reports MatteMonday, December 5, 2016 |
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 | Michael J. Kosares - USA Gold |
| The rush to gold: A new respect is growing |
| Crushthestreet/CTS staff/6-25-2016
“You didn’t come here today for bad news. There’s plenty of that everywhere you look, and even where you don’t look. So here’s the good news. A new rush to gold has begun. To see where we’re headed, let’s first see where we’ve been.”
MK note: This article is a short summation of the forces at work in the gold market. I think newcomers playing catch-up will find it particularly useful. Now would be a good time to take a deep breath – make an attempt to assessMonday, June 27, 2016 |
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 | Chris Powell - GATA |
| Ambrose Evans-Pritchard: The sky has not fallen after Brexit but we face years of hard labor |
| * * *
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, June 24, 2016
It is time for Project Grit. We warned over the final weeks of the campaign that a vote to leave the European Union would be traumatic, and that is what the country now faces as markets shudder and Westminster is thrown into turmoil. ...
The stunning upset last night marks a point of rupture for the post-war European order. It will be a Herculean task to extract Britain from the EU after 43 years enmeshed in a far-reachSaturday, June 25, 2016 |
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 | Captain Hook - Treasure Chest |
| Nature is Supreme |
| We are all in the flow of it - both physically and psychologically - where it should be understood - bottom line human behavior is a function of Mother Nature - believe it or not. We know this to be true because our behavior can be measured mathematically if one knows what to look for, implying while every aspect and outcome may not be quantifiable, amazingly, mass flows can. Known to most as mass (or crowd) psychology, humans have endeavored to measure this phenomenon within formal constructs tMonday, June 22, 2015 |
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| Mish - Global Economic Analysis |
 Ron Paul vs. USA Today on Crimea; Reflections on "High Costs" of USA Today Proposal  |
| A pair of articles on USA Today, one by Ron Paul, the other the view of the editorial board of USA Today, proves that even when the facts are laid out, hypocrites remain hypocrites.
Ron Paul's View
Crimea Secedes. So What?
Residents of Crimea voted over the weekend on whether they would remain an autonomous region of Ukraine or join the Russian Federation. In so doing, they joined a number of countries and regions — including recently Scotland, Catalonia and Venice — that are seeking to seceWednesday, March 19, 2014 |
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| Mish - Global Economic Analysis |
| Italy has 4th Government in 3 Years, the Last 3 Unelected; Questions of the Day |
| Following the ouster of Italian prime minister Enrico Letta in a political party power struggle, Matteo Renzi Set for Mandate to Lead Italy’s Next Government.
Matteo Renzi will on Monday be formally handed the job of forming Italy’s fourth government in just over two years with the aim of presenting his reform programme to parliament by the end of the week.
The 39-year-old leader of the centre-left Democrats, who ousted prime minister Enrico Letta in a party power struggle, has a mid-morning aTuesday, February 18, 2014 |
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 | Axel Merk - Merk Fund |
| Gold in a (Un)Tapered World |
| Gold is up, even getting a positive mention in Barron's. Is it Japan's election or the tapering of the taper talk that's driving gold higher of late? Is this a bounce or the beginning of a new major uptrend in gold? Until just a few weeks ago, pundits fell all over themselves to call an end of the gold bull market. Those that bought gold 10 years ago called the "correction" a blip; those that had bought in recent years required therapy; and those that never bought gold in the first place proudlyTuesday, July 23, 2013 |
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 | Bullion Vault. |
| Asia "Buys the Dip" in Gold, Western Physical Demand Also Jumps But ETF Outflows Continu |
| London Gold Market ReportWHOLESALE prices for buying gold climbed briefly above $1400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.In Hong Kong and Macau, the number of customers visiting stores run by the world's biggest jewelry chain, Chow Tai Fook, jumped by a quarter in the period between Saturday and Tuesday, Bloomberg reports."I think if prices fail to break through $1300, people will buy bacFriday, April 19, 2013 |
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| Mish - Global Economic Analysis |
| Beppe Grillo "We are the French Revolution Without the Guillotine" |
| With Beppe Grillo and unwilling to form a coalition government, and with Prime former Prime Minister Silvio Berlusconi making demands that Bersani will not go along with, Italian President Giorgio Napolitano Considers Options.
One of those options includes stepping down early so the next president can call elections. Under Italian law, an outgoing president is restricted. Napolitano's term ends mid-April.
Napolitano, who met with lawmakers yesterday, may make an announcement today, the presideSunday, March 31, 2013 |
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| Mish - Global Economic Analysis |
| Germany Warns Against "Silvio the Savior" (And That May Backfire); Fake Horse Race Odds |
| Italians head to the polls on February 24-25 to replace the technocrat government of prime minister Mario Monti.
Pier Luigi Bersani, who heads the centre-left Bene Commune (Common Good) coalition was considered a shoo-in a few short weeks ago, at least in the Chamber (the lower house of parliament).
It's all up in the air now as Silvio Berlusconi, head of the centre-right Il Popolo della Libertà (the People of Freedom) has staged a massive rally in the polls (now blacked out). Berlusconi hasThursday, February 21, 2013 |
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