• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

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This Is The Maximum Amount Of Cash You Can Take Out At A Venezuela ATM

As Bloomberg's Nathan Crooks demonstrates, this is the maximum amount of money one can take out from a Venezuela ATM each day.


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The "System" Won't Survive The Robots

It’s really just a matter of time; the working man’s deal with his overseers is half dead already. But there’s still inertia in the system, and even the losers are keeping the faith. Hope dies slowly, after all. Nonetheless, the deal is collapsing and a new wave of robots will kill it altogether. Unless the overseers can pull back on technology – very fast and very hard – the deal that held through all our lifetimes will unwind.


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Americans - The New Second-Class Citizens

The Department of Labor has awarded Utica, New York, $2 million to teach young refugees how to build drones as part of a summer jobs program. "It was just a population we chose to target," said Alice Savino, executive director of the area Workforce Development Board, warning that "if we don't help [the refugee kids] be productive now, we’re going to pay for it later."


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Saudi Arabia Has Finally Figured Out How To Get Washington's Attention: Lobbyists

While Saudi Arabia's initial response (economic threats) to Washington's sudden renewed legislative interest in the '28 pages' may or may not have helped add fuel to the fire of those who believe the country has something to hide, it has also tried to have a softer approach to the issue, one that perhaps works the most effectively in Washington: Lobbyists.


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Shakespeare On Investing

“With every investment we get richer or wiser, never both...”


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Federal Reserve Accidentally Admits It Is Causing Inequality

"As stock prices rise, the gains are disproportionately distributed to the wealthy. Lower- and middle-income families who are also wealth-poor are less likely to expose their savings to the higher risks of equity markets.... gains in the stock market tend to benefit those in the wealthiest portion of the income distribution, who have better access to and higher participation in these asset markets."


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Meet The Syrian Al-Qaeda Linked Rebel Who Freely Visited America Last Year

U.S. foreign policy is such a disastrous joke, trying to keep up with it is essentially a full time job. In case you still had any doubt as to why ISIS and other assorted terrorists seemed virtually unstoppable in Syria until Russia became involved, the following piece should clear things up.


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Daiwa: "Round Two Of China Capital Outflows Is About To Begin"

Now that all eyes have turned on China eager to find how it will react to a potential Fed rate hike in June or July, the question is whether the sharp Chinese devaluation unveiled overnight, which sent the Yuan to fresh 5 year lows, will be a one-off event, and whether the PBOC will intervene far more aggressively in the offshore CNY market to keep FX market turmoil to a minimum. According to at least one person, the answer is no.


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Chasing Yield Into Minefields

Fed policies are directly responsible for ballooning the systemic risk in the financial and socioeconomic landscape. Not just pensions but actual individual retirees are facing the very same dilemma. For those lucky enough to still have a nest egg after the last two bubble crashes they are forced to venture further out onto the risk continuum. But there must be some upside to the ZIRP policies to offset the almost unmanageable amount of resultant risk, right? I mean these policies are meant to help the average American not hurt them, correct??


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Add It Up... And It Doesn't Add Up

Continuing deceleration of population growth offset by rate cuts incentivizing ever greater debt loads (with continually underperforming GDP) was the central banks only play. And now as population growth and decelerating demand really begin to wane...the playbook is basically exhausted save for one play...simply print money with which to buy and "permanently retire" those assets. Think Treasury's, think MBS, think equity's...think anything that can be digitally created and digitally destroyed all to perpetually shrink the outstanding float (think perpetual short squeeze). How long this can maintain asset values northward march in the face of the populations southward divergence is anybody's guess.


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Erdogan Halts European Refugee Deal After Merkel Snub, Says Turkey Has Other Options

Following Monday's visa snub by Merkel, Turkey's president said he would not take any steps regarding the implementation of migrant readmission until progress was made on visa liberalization. He also said funds that the EU had promised to pay Ankara for taking back refugees had not been paid.  Turkey added it is not worried if a decision cannot be reached, with Ankara’s new EU affairs minister saying that the EU was not the "sole option." 


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Downtown Seattle Hit By Widespread Power Outage

France may go dark tomorrow, but for residents of downtown Seattle elevators ground to a halt and lights went out across downtown Seattle late Wednesday morning as a major power outage struck. According to Komo News, the outage struck at about 11:30 a.m. The cause of the disruption was an equipment failure at Massachusetts Street Substation and was expected to last about two hours, according to Seattle City Light.


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The Two 'Faces' Of The Democratic Party

Presented with no comment...


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