Meltdown

EU Exit "Only Way Out" From Greece's "Occupying Force" Of Refugees

When the public does not agree with the establishment's policies about illegal immigration and the protection of national identity, they blame the voters for immaturity, stupidity or fascism. So as the voters persist in retaining their views for national identity and against illegal immigration, the elites in Greece are replacing the native population by giving the illegal immigrants citizenship. There is only one way now to save what is left of Greece: The British way. Exit. Now.

Hillary: Deceit, Debt, & Delusions (Part 2)

Here’s the game being played behind the curtain, never to be revealed by Hillary, Yellen, the captured dying legacy media, or anyone beholden to the establishment for their paycheck or bribe...

Globalization Is Done

The end of growth exposes the stupidity and ignorance of all but (and even that’s a maybe) a precious few (of our) ‘leaders’. We are transcending into an entirely different stage of our lives, our economies, our societies. Growth is gone, it went out the window long ago only to be replaced with debt. And that’s going to take a lot of getting used to. But there’s nothing that says we couldn’t see it coming.

Frontrunning: October 6

  • Millions flee as Southeast U.S. braces for Hurricane Matthew (Reuters)
  • Hurricane Matthew Is a $15 Billion Threat Headed to Florida (BBG)
  • Three Risks to the Global Financial System as Debt Hits Record Levels (WSJ)
  • Deutsche Bank’s $14 Billion Scare (BBG)
  • Deutsche Bank Mismarked 37 Deals Like Paschi’s, Audit Says (BBG)
  • Monte Paschi Said to Plan Debt-Swap Deadline Before Italian Poll (BBG)
Gold Money's picture

Recent comments of FOMC members have sent real rates higher and gold lower, something we have witnessed several times this year. Since the beginning of the year, the FED has tried to appear hawkish while the actual policy outlook has in fact become ever more dovish. At this point, the FEDs own guidance for interest rates suggest there is very little downside for gold, but there are many more potential drivers to the upside

What Deutsche Bank Thinks Of The Mess At... Deutsche Bank

"So for what it’s worth however the ECB decides to navigate their latest challenge we are less inclined to embrace the classic financial sector meltdown led risk off trade that forces core rates significantly lower. Or at least it would need a spectacular display of policy incompetence first. (On second thoughts..?!)"