• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Mexico

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Trumped! Why It Happened And What Comes Next, Part 1





First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.

 
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From 'Mad Dog' Mattis To New Mexico's Martinez - Donald Trump's Top 10 'Veep' Contenders





The race for The White House appears to have taken a backseat for a news cycle as the Republican "veepstakes" gets underway. Donald Trump said this morning that he would prefer a running mate with government experience to "help with pushing legislation through," adding that he puts a 40% chance that a former rival in the Republican race would get the nod. As The Hill reports, picking a VP could be a difficult undertaking, as some potential candidates might be hesitant to hitch their political future to a polarizing figure like Trump, but there will be plenty willing to roll the dice and join his historic outsider campaign.

 
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Where Does The U.S. Get Its Oil?





Ever wondered where the United States imports its oil from? Howmuch.net came out with some infographics to show that from 2000 to 2015. What we would highlight here is the notable shift from the U.S. depending heavily on Middle East countries and Mexico, to depending more on America's neighbor to the north, Canada.

 
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Buchanan: If There's A 2nd Cold War, Did Russia Really Start It?





Putin may top the enemies list of the Beltway establishment, but we should try to see the world from his point of view. Did we not ourselves slap aside the hand of Russian friendship, when proffered, when we chose to embrace our “unipolar moment,” to play the “great game” of empire and seek “benevolent global hegemony”? If there is a second Cold War, did Russia really start it?

 
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EU Plans $290K Per Person Fine For Countries Refusing "Fair Share" Of Refugees; Angry Response Ensues





The European Commission plans fines of $290,000 per person on countries refusing to take in their fair share of refugees. This plan is aimed straight at Poland, Slovokia, Hungary, the Czech Republic, and Austria. Sure enough, those countries promptly lashed out at the European Commission's proposal, blasting the plan as “blackmail.”

 
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Pro-Brexit Leader Jokes "Keep Sending Obama Over" After Surge In Polls





Who could have seen this coming? Having told the British public in so many words, "Vote No To Brexit, Vote Yes To Undemocratic Superstate!" it appears President Obama's unwanted presence in the UK-EU Referendum debate has backfired beautifully. As FreeBeacon reports, Arron Banks, the British entrepreneur leading a grassroots effort to leave the European Union urges Americans to "keep sending Obama over," as 'Brexit' odds have risen above plunging 'Bremain' odds since the President paid a visit to the Queeen.

 
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US Trade Deficit Tumbles As Overall Imports Plunge, Even As Oil Imports Continue To Rise





In a surprising development, the U.S. monthly international trade deficit decreased substantially in March 2016 from $47.0 billion in February (revised) to $40.4 billion in March, below the $41.2 billion expected, as exports declined by a modest $1.5 billion, a 0.9% drop to $176.62BN from $178.16BN in Feb. At the same time imports outright plunged by $8.1 billion, down 3.6% in March to $217.06BN from $225.13BN in Feb. Curiously this happened just as Canada announced a trade deficit of C$3.4 billion, the widest on record. In March, the US trade deficit excluding petroleum was $37.48 billion.

 
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Global Stocks Slide As Dollar Continues Rising: Has The "Pricing In" Of Trump Begun





While there was no unexpected overnight central bank announcement unlike yesterday's surprise by the RBA which unleashed volatility havoc in the FX market, which promptly spilled over into all asset classes, overnight stocks around the world saw another leg lower without a tangible catalyst, while EM currencies fell to a one-month low after two Fed presidents raised concern investors had become too complacent in their belief that U.S. interest rate raises will stay on hold. Or perhaps all that is happening is that after ignoring Trump, the market is starting to finally price in the possible reality of the Donald in the White House (although as Jeff Gundlach pointed out, Trump would be a far better president for the economy and the market than Hillary or Bernie).

 
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Ron Paul: "Our Economic System Is Designed To Fail"





"I oppose today’s so-called capitalism. I don’t even like the world “capitalism,” I like “free markets.” But if you say “free markets” and “capitalism” together, we don’t have that. We have interventionism. We have a planned economy, we have a welfare state, we have inflationism, we have central economic planning  by a central bank, we have a belief in deficit financing. It is so far removed from free-market capitalism that it’s foolish for people to label it free market and capitalize on this and say: “We know it’s so bad. What we need is socialism.” That is a problem."

 
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The Beginning Of The End For Cruz? Here Are Five Things To Watch For In Indiana Today





Update: *PAUL RYAN SAYS TRUMP WILL BE NOMINEE IF HE WINS INDIANA: CNBC

Today's primary in the Hoosier State could prove to be the last stand for Ted Cruz and John Kasich, as The Donald looks to deliver the final knockout blow to the two challengers. If Trump wins, it certainly would be an embarrassment for a GOP establishment that has literally done everything it can to stop Trump, most recently touting the Cruz/Kasich alliance that self-destructed just hours after it was announced.

 
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Obamacare To Unveil "Price Shock" One Week Before The Elections





The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare. But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.

 
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State-Sanctioned Theft - The Failed War On Drugs And Cops' Abuse Of Civil Forfeiture





The ugly unspoken truth is that the War on Drugs is a massive jobs and funding program for law enforcement that is operated under the guise of saving people from the evils of substance abuse. More than 40 years after it was started, we know that it has been a colossally-expensive epic failure on its stated goals, was intentionally designed to further disenfranchise marginalized groups, and has become a full-fledged assault on our civil liberties.

 
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Why Canada's Oil Industry May Never Be The Same





It is increasingly certain that the future will not be like the past. Previous downturns have been equally devastating but the primary causes eventually reversed themselves; low commodity prices recovered and damaging government policies were rescinded. This recovery will be different for a variety of reasons which will combine to cap growth, opportunity and profits, even if oil and gas prices spike. The following major changes appear permanent...

 
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"Why Our Children Should Hate Us" - Read The Lance Simmens Article Banned By The Huffington Post





"Vaxxed, the controversial documentary alleging a direct causal relationship between vaccines and exponential increases in autism amongst children is a deeply disturbing and hence critically important piece of work that will cause many sleepless nights for parents of infants everywhere..."

 
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"Peak Oil Demand" - The Collapse Of The Old Oil Order





Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. But what happens if confidence in the eventual resurgence of demand begins to wither? Then the incentives to cooperate begin to evaporate, too, and it’s every producer for itself in a mad scramble to protect market share. This new reality -- a world in which “peak oil demand,” rather than “peak oil,” will shape the consciousness of major players -- is what the Doha catastrophe foreshadowed.

 
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