Rents and housing costs make up 30% of CPI. They’re its largest component. They’re soaring in real life. But not in the CPI.
China Gold Congress in Beijing
The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners.
The event, co-sponsored by the World Gold Council (WGC) and the China Gold Association, showcases China’s gold industry and acts as a focus point for what is now the world’s largest gold market in terms of demand and product innovation.
Discussions and forums during the event cover everything from reserve asset management for the official or central banking sector, through to investment products and mining supply. One of the key themes this year is the internationalisation of the gold market.
This is why Capitalism is failing in the US: because not only is it now clear that the US economy is, for the most part, a rigged game… but that NO ONE involved in the rigging is punished.
A paradigm shift for the Eurozone...
Plus: Exclusive Interview with FBI Whistleblower
Quick update, and outline of reasons to suspect anxiety over Scottish independence has peaked.
A farce, a tragic comedy and a travesty...
If nothing else we have learned it doesn’t matter how obvious the lie is if people don’t want to know the truth.
Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With ChinaSubmitted by GoldCore on 09/10/2014 15:32 -0400
Russia-Iran Oil-for-Goods Contracts
Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed.
With both countries now sanctioned by the West, Russia and Iran have been in extensive negotiations on how to facilitate Iranian oil exports without breaching the UN Security Council nuclear deal that was agreed between Iran, Germany and the five UN Council permanent last January.
So what they're doing is requiring medical marijuana dispensaries...........to set aside a portion of their cannabis............to give away free............to poor people
There are some people, who if they don't already know, you can't tell em' --Yogi Berra
I would like to open a pass book savings account......................
Well, I am profitable on this latest move up in 10-year yields, and I expect yields to continue rising through the 10 and 30 year bond auctions later this week ...
The penny stock mafia are at it again...