Brazil

These Countries Have Nearly "Eliminated Cash From Circulation"

If you have any misguided notion that a cashless society is not coming, just keep telling yourself that every time you use a debit card, credit card or your phone for your next purchase. With the elimination of cash we effectively hand over our individual human sovereignty to the banks and the government.

Communism Again Gets A Free Pass - Setting The Record Straight On Castro

This week with the passing of Fidel Castro - another “distinguished” ‎butcher comrade with all the assorted hypocrisies - we were reminded of how that scourge of humanity got a free pass yet again. The world by and large missed a great opportunity to set the historical record straight.

The War On Cash Is Happening Faster Than We Could Have Imagined

The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash. And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash. Simply put, the data doesn’t support their assertion.

Frontrunning: November 30

  • Oil soars on OPEC hopes, dollar renews its surge (Reuters)
  • Oil Rallies on OPEC Optimism, Spurring Gains in Energy Producers (BBG)
  • Saudis say to take 'big hit' on oil output for OPEC deal, Iran can freeze (Reuters)
  • Leaner and meaner: U.S. shale greater threat to OPEC after oil price war (Reuters)
  • an the U.S. Become an Energy Superpower in 2017? (BBG)
  • RBS Fails Toughest-Ever BOE Stress Test, Boosts Capital Plan (RBS)

Fertility Rates Keep Dropping, And It's Going To Hit The Economy Hard

Total fertility rates, which can be defined as the average number of children born to a woman who survives her reproductive years (aged 15-49), have decreased globally by about half since 1960. This has drastically shaped today’s global economy, but a continued decline could have much more severe long-term consequences.

USDJPY Could Plunge As Low As 98 After "Trump Bubble" Bursts, UBS Wealth Warns

One week after JPM made the exact same forecast, warning that the recent surge in the USDJPY will fade dramatically as Dollar euphoria shifts to concerns about protectionism, overnight UBS Group’s $2 trillion wealth-management arm said yen traders have got the Donald Trump "trade" all wrong, and the yen will strengthen to 98 per dollar by this time next year.

Where Are We In The Business Cycle: A Troubling Chart From Morgan Stanley

According to Morgan Stanley, 2017 will be a year in which odds of a boom and bust have materially increased, consistent with a late-cycle US environment. So late, in fact, that one look at the chart below shows the US cycle has not only plateaued but is now stalling and is turning over.

The Ten Consequences Of Trump

For those who were wrong about the United States’ presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a dispassionate judgment about what Donald Trump’s administration may mean for the world. So here are ten likely consequences of the Trump presidency, divided equally between the good and the bad.

Can An OPEC Deal Save Venezuelan Oil From Total Collapse?

With the nation's currency in full-fledged hyperinflationary collapse, OilPrice.com's Nick Cunningham notes that at times it seems that Venezuela’s economic crisis cannot get any worse. Food shortages, electricity blackouts, and scarce medical supplies have created a humanitarian disaster in Venezuela. However, with each passing month the situation deteriorates, and the crisis appears to be entering a dangerous new phase.

Brazil's New President Temer Threatened With Impeachment After New Corruption Scandal Emerges

Brazil’s new president Michel Temer was dragged into yet another influence-trafficking scandal after his former minister of culture reportedly told police the president pressured him into authorizing a construction project benefiting another cabinet member; according to the local press, there is a recording of the conversation which according to Temer was largely innocuous.