When will the media start showing this information?
It has been reported that Russia did hack Hillary’s server. Now, Russia is threatening to release all Hillary’s emails, which may jeopardize her election. The emails are widely expected to reveal how she was shaking down foreign governments to donate to her private “charity” in return for favors. This is calling into question just what Hillary would sell if President. A close look at the Clinton scandals shows a clear pattern. The sex scandals were all Bill while the money scandals were all Hillary. No first lady in history was ever embroiled in financial scandals one after the other.
The Energy Magazine Oilprice.com reported that Russian intelligence has informed Western intelligence agencies that the government in Moscow is now planning to publish the emails from Hillary Clinton. If this proves to be true, then this will confirm that she place national security second to her personal self-interest.
Then, the Democrats say that the Russian government had hacked its servers and were now in possession of the dossier, which they created on Donald Trump.
There are 11 million workers in Britain who assumed they had great pensions. The British Steel Pension Scheme is proposing to break its pension promises to its 130,000 members because they are losing money. Tata Steel is looking to sell its holding in its UK plants over the next few months, and that means that the £15bn pension scheme, that would normally be put into the general Pension Protection Fund, has been the slush fund for failed companies. So in other words, what they thought was a guarantee, will be nothing of the sort. Once government takes over anything, it just bleeds money.
An interesting take on what happened and presented in a very believable way; one wonders if the truth will ever really be known.
I happened to have a conversation with someone from Portugal who was neither a trader nor an investor, just an observant 23-year-old. When I asked for her take on the state of affairs in Europe, she candidly replied:
“Yes, there are groups of people who expect civil war. Actually, the situation in Europe at this moment is a big mess. Those in the Baltic countries are afraid of Russians, others are in a big panic because of ISIS, and the other third are upset about EU not to mention a mess with refuges and etc… In general, war industry brings amazing profit. So it is a question of time when history will repeat once again, as you say.”
COMMENT: Dear Mr. Armstrong,
Is there a bug in my computer or has the latest the Nigel Farage video been removed from your blog? I also can’t find the recent more private video on migrant problems in Germany, which was rather shocking for us as the German press is not allowed to automatically report on migrant problems. It’s not a free and independent press anymore.
Thank you for your very interesting and excellent blog.
Kind regards,
ml
REPLY: The videos are still there on my end. It appears that perhaps someone in Germany is blocking those videos. Very curious.
A fertilizer producer in north China default on bond payments has demonstrates a positive aspect that the state governments are not so eager to bail-out failed companies. This will be a positive step forward in transforming China into a major capital market. For now, it is still not ready for prime time.
Of course many are touting this as a reason to buy gold. It seems they will distort anything to justify a buy. Gold will rise on a sustainable basis when the GENERAL PUBLIC see that government is in trouble, not companies per se. That is starting to materialize in Europe and the election is starting to expose the corruption in the United States as “super delegates” hand Hillary the nomination nullifying the vote of the people. Bernie wants to keep going and on this issue he is correct. You cannot pretend this is a democracy and then do everything in your power to make sure the people really choose nothing.
That is the key to the future. When everyone wakes up and simply say – OMG. This is a joke! The 2016 election may lead to a real political revolution by 2018 overturning Congress entirely.
I really do hope that the Brits leave the EU as I would hate to seem them go down when the EU collapses in the next couple of years. Lets get it over with and at least try and save the United Kingdom.
The debate shifted following the Jobs Report, and people now assume that the Fed will not raise rates. Hence, we have a bounce in gold and the euro. That makes no fundamental sense regarding gold since higher rates indicate inflation and lower rates warn of deflation. The real confusion has been that most only focus on domestic issues. The euro would bounce if BREXIT won, giving a bit of a bid there. Nevertheless, the typical US analysts and newspapers pay no attention to BREXIT and just assume it is a European thing.
To the contrary, BREXIT is a huge deal for if the “real” vote prevails if we do see an exit that the establishment cannot prevent. Sure, the pound will get hit at first, but thereafter, a contagion of separation movements will appear and contribute to the demise of the euro. That will have a broader long-term influence on capital flows pouring into the USA.
Two-bedroom condos in Brooklyn are now going for over $1 million. This is all foreign capital pouring into the USA on cash deals. The same is taking place in Miami, and this is why the IRS demands title companies to pierce corporate veils to get at the real owners only in New York and Miami.
BREXIT can have a profound impact on the dollar because it has the potential to send mountains of cash fleeing Europe to the USA.
Then we have Donald Trump, and a victory there would really change America. Trump is talking about a 15% corporate tax rate that would match Hong Kong. If this policy were to happen, we would see $2 trillion in offshore corporate cash return to USA. Then if the Fed wisens up and fails to raise the 0.5 rate on excess reserves or eliminates it, as it should, there will be another $2 trillion freed up.
With $4 trillion free, the only place will be equities. We will see the Dow come into that sweet spot where you can buy it with two hands and watch it rally to test the 23,000 level in the years ahead. Nobody seems to expect a rally and that makes this even more explosive.
So for all the Fed watchers worried about a quarter point change in rates, they are missing the international picture. We have issued a special report on BREXIT for one simple reason:
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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