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Daily Digest 11/14 - Betting The Farm And Losing, Can Trump Really Revive The U.S. Coal Industry?

Chris Martenson - November 14, 2016 - 07:07
  • New York Times publisher vows to 'rededicate' paper to reporting honestly
  • With Trump in Power, the Fed Gets Ready for a Reckoning
  • "There's Chaos Everywhere" - Indians Angry As ATMs Run Dry After Cash Ban
  • Hillary Clinton blames Comey letters for election defeat, reports say
  • Trump's Victory Prevented World War 3
  • Bulgaria Elects Pro-Russian Pro-Military President in Shock Election Result for EU
  • Trump Economic Fabrication no Different than Obama or Bush Economic Deceptions
  • Can Trump Really Revive The U.S. Coal Industry?
  • End Of The U.S. Major Oil Industry Era: Big Trouble At ExxonMobil
  • Fact-Check: Was Physics Really Violated By EmDrive In New NASA Paper?
  • Betting the Farm and Losing: Banks Seek Collateral as Debts Rise

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Categories: Economics

Daily Digest 11/12 - "The Will of the People" Is a Myth, The Weather Forecast For Gas

Chris Martenson - November 12, 2016 - 08:28
  • "He Won Because The Elites Want Him There, The Global Economy Will Collapse"
  • "The Will of the People" Is a Myth
  • California secession group to hold meet-up at State Capitol
  • Here’s How Automation Will Prevent Trump’s Job Promises
  • Trump The Collapse With Gold
  • Family ties: why political dynasties rule in America’s democracy
  • The Weather Forcast For Gas
  • MPAA-backed Trans-Pacific Partnership accord dead in wake of Trump win

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Categories: Economics

Get Ready... Change Is Upon Us

Chris Martenson - November 11, 2016 - 17:05

At certain times, it’s really not that hard to predict "what" is going to happen next after disastrously short-sighted and self-interested policies are enacted. Predicting the "when", with precision, is much tricker. But obvious misguided economic policies are destined to have a limited period of apparent (but false) prosperity, after which they end with a nasty Bang!.

We have entered just such a time. This isn't a Trump vs Clinton thing; I'd make this claim regardless of who won this week's presidential election -- as our plight is much bigger than a single Administration. And my observation is that neither political party had much interest beyond some temporary election year lip-service to the economic plight of the middle class.

And by “middle class” I mean anybody not in the top 5% economic bracket. For those doing the math at home, that leaves the remaining 95% of us stuck in the meat grinder.

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Categories: Economics

Get Ready... Change Is Upon Us

Chris Martenson - November 11, 2016 - 17:05

At certain times, it’s really not that hard to predict "what" is going to happen next after disastrously short-sighted and self-interested policies are enacted. Predicting the "when", with precision, is much tricker. But obvious misguided economic policies are destined to have a limited period of apparent (but false) prosperity, after which they end with a nasty Bang!.

We have entered just such a time. This isn't a Trump vs Clinton thing; I'd make this claim regardless of who won this week's presidential election -- as our plight is much bigger than a single Administration. And my observation is that neither political party had much interest beyond some temporary election year lip-service to the economic plight of the middle class.

And by “middle class” I mean anybody not in the top 5% economic bracket. For those doing the math at home, that leaves the remaining 95% of us stuck in the meat grinder.

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Categories: Economics

Off The Cuff: The Sell-Off In Bonds

Chris Martenson - November 11, 2016 - 12:35

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Deconstructing The Election Results
    • Why the upset happened
  • Insurmountable Odds?
    • Trump inherits a country in tremendous debt
  • The Sell-off In Bonds
    • Is the world's biggest bubble bursting?
  • The Age Of The Iconoclast
    • Brexit + Trump is just the start of this age of upsets

So much to talk about this week....  Chris and John deconstruct Trump's upset win as well as the tremendous challenges he faces, inheriting a grossly overleveraged economy that is grossly overdue for a market correction. They're also are extremely concerned by the sharp acceleration we've seen this week in the sell-off in the bond market. As a reminder, the size of the bond market dwarfs other financial assets (except derivatives). It is "for all the marbles", as they say.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Daily Digest 11/11 - Good News Friday: Uncertainty And Elation About Trump Win, A Better Way To Vote

Chris Martenson - November 11, 2016 - 07:53
  • For Trump Voters, Uncertainty Mixes With Elation
  • Buying Trump's Infastructure
  • Maine Just Voted For A Better Way To Vote
  • President Trump: This Is How To Bring Back 1 Million Energy Jobs
  • Hyperloop One releases “comprehensive concept design” for high-speed rail in Dubai 
  • Judge Orders That Bottled Water Be Delivered to Residents of Flint, Mich.

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Categories: Economics

I Couldn’t Go to Standing Rock, So I Closed My Bank Accounts Instead

There are 38 banks supporting the Dakota Access pipeline. I found out mine was one of them.
Categories: Economics

The Future Is in Our Hands

Shareable Magazine - November 10, 2016 - 14:36

Undoubtedly many of our readers from around the world are reeling from the results of the U.S. presidential election. It has been the most divisive one in memory. The winning candidate used sexist, racist, and xenophobic language to rally supporters, stoke hate, and get media coverage. This is something we cannot support. It divides people, erodes our civic capacity, and makes working together for the common good more difficult. It’s also just plain wrong.

Categories: Economics

Daily Digest 11/10 - America's Voters Just Fired Their Ruling Elites, Robots Will Take 850,000 Jobs By 2030

Chris Martenson - November 10, 2016 - 05:04
  • David Stockman: "The Jig Is Up: America’s Voters Just Fired Their Ruling Elites"
  • Here Is What Donald Trump Wants To Do In His First 100 Days 
  • India Abolishes 500 and 1,000 Rupee Notes to Fight Corruption
  • An American In A Strange Land
  • Venezuela, A Failing State
  • The Rise Of Caesar
  • The Binge Breaker 
  • Could Trump’s Victory Render OPEC’s Output Deal Irrelevant?
  • Experts State Robots Will Take Over Additional 850,000 Jobs By 2030 
  • AI Will Colonize the Galaxy by the 2050s, According to the “Father of Deep Learning”
  • Pollution near equator has biggest impact on global ozone levels, study finds

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Categories: Economics

OK, Here's What We Think Is In Store After Last Night

Chris Martenson - November 9, 2016 - 11:08

Hopefully the wake-up call has been sent to the elites on both sides of the aisle. It’s time to pay attention to everyone again, not just your cloistered circle of buddies.

An important point needs to be raised here. Whether it happened now, or later, the basic fact remains that the future was always going to come to the moment when a tiny elite could not take and more from a shrinking pie without creating a backlash.

The only open question was when that was going to occur.

Well, it just happened.

The next question is whether that will be heeded now or, as was done in 2008 by the Fed, utterly ignored for one more chance on the Merry Go Round.

While a lot depends on Trump’s eventual team and policy priorities, the trajectory of increasing economic hardship for the 95%-ers out there is going to keep trudging along as we wait for additional clarity.

Those forces of increasing disenchantment will not evaporate for no reason.  It took many years for people to finally become disillusioned with Obama.  Trump gets no such grace period. 

I’ve yet to meet anybody who likes the man, so he won’t get much in the way of good behavior credits like Obama got.

So what matters most are...

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Categories: Economics

Daily Digest 11/9 - Cash Is Still King in Japan, A More Dysfunctional Congress Ahead

Chris Martenson - November 9, 2016 - 08:52
  • Ballot measures to watch regarding health care costs
  • This election has one sure thing: a more dysfunctional Congress
  • Puerto Rico town suspends services amid economic crisis
  • Puerto Rico voters choose new governor amid massive financial crisis that has left the island $70billion in debt and driven thousands to flee for mainland America
  • Brazil freezes Rio's accounts over unpaid debt
  • Cash Is Still King in Japan, and That Could Be a Problem for the BOJ
  • Italy's Target2 balance rises to new record high in October

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Categories: Economics

Daily Digest 11/8 - Prepare For The Presidential Collapse, China Unveils Major Decisions

Chris Martenson - November 8, 2016 - 07:17
  • Be Prepared – Precious Metals
  • Can U.S. Elections Really Be Stolen? Yes.
  • 5 Reasons (And Then Some) Not To Worry About A 'Rigged' Election
  • Escape The Election Fallout
  • Prepare For The Presidential Collapse
  • Silver Prices and the Train Wreck known as National Debt
  • Handling Renewable Growth: What Should Utilities Do?
  • China Unveils Three Major Decisions Within Three Minutes

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Categories: Economics

When You Don’t Have a Traditional Job, This Is How You Get Creative

Shareable Magazine - November 7, 2016 - 07:36

Article and images cross-posted from YES! Magazine. Article and images by Martin do Nascimento.

Categories: Economics

Jim Rickards: They're Going To Lock Down The System

Chris Martenson - November 6, 2016 - 09:50

Summary:

Click the play button below to listen to Chris' interview with Jim Rickards (35m:25s).

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Categories: Economics

Daily Digest 11/6 - 'Getting On With' Brexit, What Happens If Nobody Wins the Presidency?

Chris Martenson - November 6, 2016 - 08:55
  • The Biggest Turning Points In A Polarizing Campaign
  • What to know about the 15 states that will decide the election
  • What Happens If Nobody Wins the Presidency?
  • Brexit: Theresa May insists government 'getting on with it'
  • How Much Is This Land Worth?
  • Pesticide Drift Leads to Alleged Murder

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Categories: Economics

Daily Digest 11/5 - The Worst Party of the Year, Borrowing Binge Haunts Midwest Farmers

Chris Martenson - November 5, 2016 - 06:20
  • The Worst Party of the Year? Election Night
  • Federal Investigation of New Jersey Transit Finds Numerous Safety Violations
  • George Soros Spending $2 Million To Topple Arizona’s Sheriff Joe Arpaio
  • How Teens In The Balkans Are Duping Trump Supporters With Fake News
  • The Global Implications Of A Trump Presidency
  • Clinton, Trump do agree on one thing—the right to use marijuana
  • Doug Casey: Bubble in Gold, Crisis Investing Opportunities & more
  • Falling prices, borrowing binge haunt Midwest 'go-go farmers' 

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Categories: Economics

Off The Cuff: All Things Silver

Chris Martenson - November 4, 2016 - 10:39

In this week's Off The Cuff podcast, Chris and Ted Butler discuss:

  • How Precious Metals Spot Prices Get Set In This Market
    • The big banks operating in the paper markets have oversized influence
  • Silver's Moonshot Potential
    • An "accident waiting to happen" in terms of upside
  • Likely Triggers Of A Silver Supply Squeeze
    • A number of candidates abound
  • JP Morgan Is Amassing The World's Largest Silver Horde
    • Positioning itself for higher prices ahead?

Ted Butler returns to provide an extremely in-depth explanation of how the precious metals futures markets work (very important to understand this, as that's where PM prices are determined). Yes, it's an unlevel playing field; and yes, the big banks are at the heart of the unfairness. But -- as he explains in this hour-long exposition -- Ted is confident the fundamentals of supply and demand in the silver market will one day trump all, and why silver is "an accident waiting to happen" in terms of price upside:

What I am saying is: there is such an incredibly small amount of new silver that is available from current production (I’m including recycling because that is where it basically comes from) that it can be gobbled up in a second.

How can the price be so cheap with these kinds of facts and circumstances? The answer is we go back to the managed money, technical funds and the commercial banks. The price is being set in paper trading; it's not being set by the actual acquisition or disposal of real metal. It has nothing to do with that at all. And that can’t last forever.

We've already experienced expressions of this fact. I think we started talking with each other years ago when silver was in the single digits -- $4, $5, $6 an ounce -- then it ran to close to $50 in the beginning of 2011. The reason it can have these breathtaking price advances is because there is so little of it that when anybody goes to buy it, it just has a pronounced and disproportionate impact on price.

As Bunker Hunt, the late famous silver speculator and investor from years ago said, and it is more true today than it has ever been: Silver is an accident waiting to happen. And that accident is in terms of price to the upside. 

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Daily Digest 11/4 - Good News Friday: An Urban Oasis In Miami, Is A Pan-Asian Power Grid Possible?

Chris Martenson - November 4, 2016 - 03:34
  • Buck to the future
  • Tight U.S. Job Market Finally Delivers as Pay Accelerates
  • Last Economic Snapshot Before the Election Shows Healthy Job Growth
  • Treating Alzheimer’s May Begin With Testing Cannabinoids On Football Players
  • Is A Pan-Asian Power Grid Possible?
  • Nonprofit Org Creates Urban Oasis in Miami Where All Have Access to Locally Grown Food

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Categories: Economics

Nation’s Second-Largest School District Wants to Kick McDonald’s Out

After almost four years of McTeacher's Night fundraisers, teachers in the greater Los Angeles area are demanding the fast-food chain stop predatory marketing toward their students.
Categories: Economics