“No one likes to admit defeat. But global policymakers, who continue to insist that there’s more they can do to revive growth and inflation, are starting to sound like Monty Python’s Black Knight (click to see video)..."
Whenever people are forced by the government to accept and pay for things they do not want, the outcome is discontent and opposition, typically suppressed and downplayed by the mainstream media in accordance with the state’s agenda of political correctness. Trump stands for everyone who is sick and tired of the current system and the political elite who have grown out of touch with ordinary American citizens... they are the American version of the European anti-establishment movement.
"On November 8, you Joe Blow, Steve Blow, Bob Blow, Billy Blow, all the Blows get to go and blow up the whole goddamn system because it's your right. Trump's election is going to be the biggest fuck ever recorded in human history and it will feel good."
Just as we warned previously, it appears Russia is spoiling the oil-rally party. IFX reports that Russia's envoy has stated that they are "against oil output cuts." Furthermore, seemingly confirming no 'cut', Venezuela's Pino says "freeze" deal may only be temporary. So freeze at best (at record levels) and no cut..
"...The salesman balanced the two coins on his forefingers, and placing them near my ear, he gently touched one against the other. The sound was the delightfully pure ringing of gold! So that’s how I became a gold-bug at age 10. I still have them, after all these long years – I am now 84..my gold coins went from 10 silver pesos in 1942, to 1,523,000 paper pesos in the course of about 74 years."
For years, it has been speculated by critics that Herbalife could have a layer of fraud to it that transcends the pyramid scheme allegations of late. However, in a new research report prepared by 10/10 Research, and released today, a new layer of allegations of previously unreported - and so far unsubstantiated - criminal impropriety has emerged.
If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.
"We should be producing 9 million if it wasn't for the wars." Falah al-Amiri, head of Iraq state oil marketer SOMO, said, making it clear that Iraq would not cut production (or even freeze): "We are not going back. It’s a question of sovereignty."
Just as it did a week ago, in its latest episode, "Saturday Night Live" mocked the third and final debate between presidential rivals Hillary Clinton and Donald Trump. However, unlike one week ago, Trump has refrained from slamming SNL on Twitter as he did last Sunday, a comment which, as expected, reverberated with the media who accused him of not having a sense of humor.
"I realize I can’t change anyone’s mind if they see Trump as a monster who hates people with different genitalia and with skin pigmentation that is far superior to his own pasty-orange covering. To me, those illusions about Trump are ridiculous on face value. I can’t change anyone’s mind if they see Trump as a monster. So instead I will make you a promise: If Trump gets elected, and he does anything that looks even slightly Hitler-ish in office, I will join the resistance movement and help kill him."
Global stocks were modestly higher, before the European Central Bank gives its policy update, while investors weigh mixed earnings results. Asian stocks rise, U.S. equity-index futures are little changed. The euro touched its weakest level since July and stocks in the region fell after their first back-to-back gains in two weeks.
Wall Street is maneuvering to propose and implement a new retirement tax on Americans under a Hillary Clinton Administration. Leading the charge is billionaire financial oligarch Tony James, who is COO of private equity giant Blackstone. Mr. James is a generous contributor to Hillary Clinton’s Presidential run, and is listed as a “Hillblazer” by her campaign for having raised at least $100,000 toward her candidacy.
Following Pence's pounding of Kaine and Trump's trouncing of Clinton in the last two debates, the final showdown promises fireworks. Trump's arsenal is full after two weeks of embarrassing documents from WikiLeaks and The FBI, and with the news cycle beginning to lose contact with his sexual harrassment allegations, Clinton (having gone dark for a week) will remain focused on temperament, temperament, temperament.. and the fact that Trump is not a woman.