China

China

Frontrunning: December 14

  • Disney Agrees to Buy Fox Assets in $52.4 Billion Deal (WSJ)
  • The Fed Isn’t the Tax Cut’s Enemy (WSJ)
  • The Republicans’ Problem Is Bigger Than Alabama (BBG)
  • ECB Leaves Rates Unchanged and Sees QE to September or Beyond (BBG)
  • A Christmastime Tax Cut for Some, a Lump of Coal for Others (WSJ)

Gold Will Soar... As China Kneecaps The Dollar

"The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars..."

A Question For Every Investor

"If a correction in the stock or bond markets comes, the Central Banks will buy stocks with printed money, like the Japanese Central Bank, etc. Will there ever be a shakeout of the garbage and junk in the system? I am losing all confidence."

Could Central Banks Dump Gold In Favor Of Bitcoin?

"The acquisition of decentralized cryptocurrencies as reserves may sound crazy now, but as central banks destroy the purchasing power of their fiat currencies, all sorts of ideas that seem crazy now will start looking practical once the death spiral of the current unstable monetary regime begins."

OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge

Keep an eye on very tightly hedged US shale producers, who after looking at today's 2 year high oil prices, have unleashed a torrent of production which will hit the market some time over the next 2-3 weeks, sending global inventories surging once again, resetting the entire production cut process from square one.