The recent decision to abolish several high-denomination Indian bank-notes was taken with a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes. However, it appears the new currency notes are being printed with the involvement of the same blacklisted companies that in fact were the source of fake notes to Pakistan in the first place.
"The VIX index – the famed “fear gauge” – no longer has any explanatory power for leverage... The mantle of the barometer of risk appetite and leverage has slipped from the VIX, and has passed to the dollar."
Regardless who was chosen as president for the next two terms, 80% of the population growth in the US will come from 65+yr/olds. This is the inverse from Bill Clinton's presidency which was the benefactor of the strongest demographic and population changes. The Fed has been dropping rates ever since to incentivize the decelerating growth among the young to spend more... but the population growth to consume(r) our way out of this debt bubble is never coming.
One of the recurring themes from these protestors being interviewed, primarily young people, was that Trump wasn’t going to do anything about student debt. "The truth is that they’re not interested in free education... They just want a free university degree... a piece of paper that confers neither education nor any guarantee of success in life."
Gold futures had their heaviest day of trading during April 2013 when a mysterious flash crash sent the precious metal collapsing with no clear fundamental/news catalyst. In June, Brexit sparked massive volume buying in the barbarous relic, but overnight, as a Trump victory became more and more of a reality, gold futures are approaching their busiest day ever.
The Friday before the election turned out to be another twofer for Wikileaks which just like yesterday, released two seperate Podesta email batches, unveiling Part 30 moments ago which revealed another 559 emails, brining the total to 47.834.
It appears that Argor-Heraeus, one of Switzerland's 4 giant gold refineries, is about to be acquired. Including Metalor and Valcambi, that would make 3 Swiss gold refinery takeovers in less than 18 months.
There's been little talk of gun control this presidential election cycle, although state-level proposals continue to make it onto state ballots. To keep pressing the issue of gun control, advocates for gun control employ several different sleight-of-hand rhetorical tricks...