Reality

Following Near Record Buying Spree, Gold ETF Holding Rise Above 2,000 Tons, Highest Since 2013

Holdings in bullion-backed exchange-traded funds rose 4.1 tons to 2,001.4 tons on Wednesday, data compiled by Bloomberg show. That’s larger than the alleged gold reserves held by China (in reality China holds far more gold but it willing to only represent a fraction of its official holdings) the biggest consumer and a consistent central-bank buyer in recent months. The latest increase followed the biggest one-day gain since 2009 in the SPDR Gold Shares, the largest gold ETF.

“Italian Government Collapse More Than Just A Possibility”

Four new polls show comedian Beppe Grillo’s Five Star Movement (M5S) ahead of prime minister  Matteo Renzi’s Democratic Party (PD) were an election held today. The next election will be no later than May 23, 2018. Renzi promised to step down if he fails a constitutional reform referendum later this year. The reform referendum will likely be held no later than this October.

A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank

Speaking at a joint news conference Italy's Prime Minister Matteo Renzi said "other European banks had much bigger problems" than their Italian counterparts "If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred."

A Period Of Major Civil Unrest Looms – How To Win An Inevitable Confrontation With The Status Quo

It’s quite fitting that the shameless police murder below occurred on the exact same day that Hillary Clinton was set free by the top cops in the nation thanks solely to her position of power and influence... None of this will be lost upon a citizenry which is already seething with rage and very close to a tipping point. Increasingly, the general public is coming to the very unpleasant realization that they live in a corporate oligarchy in which they are subjects rather than citizens. The more they are pushed into a corner, the sooner they will lash out in all sorts of ways.

China To Boost "Economic Growth" By Changing Definition Of GDP

Under the new method, the size of the economy is larger than previously estimated; 2015 GDP was revised up by 1.3% to 11tn USD, the Real growth rate was also revised up (rates vary from year to year and averaged 0.06% (6 bps) over the past 5 years). The upward revision is because China’s R&D expenditure growth has been consistently faster than that of overall GDP. With further upward revisions, which appear likely, there should be incrementally lower pressures to reach the growth targets in the coming years.

Our Future Is (Literally) Crumbling Before Our Eyes

The sorts of predicaments the world faces -- ranging from over $200 trillion in debt, to our unsustainable addiction to fossil fuels, to our over-stressed ecosystems -- all require that we get deadly serious about confronting them ASAP, and make difficult decisions and trade-offs. However, our global leaders always seem to opt to kick the can down the road if at all possible. Short-term thinking and near-term priorities dependably get precedence over doing the right thing for the future. Tomorrow’s generations are thrown under the bus by selfishly motivated actors today.

It's Not The Brexit Stupid!

Brexit is just a symptom of the disease eating away at the fabric of our global economy. Lehman’s collapse was not the cause of the 2008 worldwide financial crisis. It was just the excuse for something that was going to happen no matter what. Bad debt, bad bankers, bad regulators, bad politicians, media cheer leading, and a willfully ignorant populace were a toxic combination – and it’s worse today.

Bill Gross Says Yellen "Worships False Idols" So "Worry About The Return Of Your Money, Not On It"

"Investors should not hope unrealistically for deficit spending any time soon. To me, that means at best, a ceiling on risk asset prices (stocks, high yield bonds, private equity, real estate) and at worst, minus signs at year's end that force investors to abandon hope for future returns compared to historic examples. Worry for now about the return "of" your money, not the return "on" it."

Martin Armstrong: "James Comey Had No Problem Keeping Me In Prison Without Any Charges"

James Comey was the chief prosecutor in the Southern District of New York between 2003 and 2005. He had no problem keeping me in Federal Prison on contempt of court without any charges, indictment, or a civil complaint describing any crime whatsoever that they even admitted openly in court. There was never any charges, complaint ever filed and they publicly stated “there is no description of criminal liability.” So he is not someone who upholds the Constitution when it goes against government or the banks. As they say, the Department of Justice is really “Just Us” in reality. He has proven that once again.

The Revolt Against Globalism... Is Going Global

Whatever the contradictions and ideological idiosyncrasies of the various anti-globalist forces now on the move, their victory is a precondition for the recovery of liberty in America.