Gold Price – Crossing The Rubicon

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken.

The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest of the world, the rise of Asia from which America is excluded is unstoppable, geopolitics are shifting away from US global dominance, and the end is in sight for monopolistic payment for oil in US dollars.

These subjects have been covered in some detail in my recent articles, which will be referred to for further clarification where appropriate. This article summarises these trends, and explains why the consequence appear certain to drive gold, priced in dollars, much higher.

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Enemies of Humanity

By Steven Lyazi  Re-Blogged From http://www.WattsUpWithThat.com

Mosquitoes and uncaring environmental activists perpetuate poverty, disease and death

After being infected again with malaria last July, I spent almost a month in a Kampala hospital. Paying for my treatment was extremely difficult, as it is for most Ugandan and African families. I was lucky I could scrape the money together. Many families cannot afford proper treatment.

Where and how can they get the money to go back to the hospital again and again, every time a family member gets malaria, when they also need food, clothes and so many other things – or malaria makes them so sick that they can’t work for weeks or even months? Many parents can do nothing except watch their loved ones die in agony, and then give them a simple burial.

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The Forces Driving Democratic Recession

By Jay Ogilvy – Re-Blogged From Stratfor

Liberal democracy is in retreat across the globe. Following decades of expansion since the 1950s, the spread of democracy hit a wall in the new millennium. Freedom House, using carefully crafted metrics, has measured a decline in democracy and freedom worldwide. Definitions are important: Does the fact of elections, even where the outcome is autocratically determined, qualify a country as a democracy? By most measures and definitions, there are now about 25 fewer democratic countries than there were at the turn of the millennium.

Founding co-editor of the Journal of Democracy Larry Diamond wrote a 2015 paper, “Facing up to the Democratic Recession.” Diamond asks, reasonably enough, “Why have freedom and democracy been regressing in many countries? The most important and pervasive answer is, in brief, bad governance.” But this tells us very little. How and why has governance been so bad?

Oxfam’s Climate Warriors Declare War on Poor People

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

Oxfam have written a report which claims coal power will create more poverty. In my opinion this claim is a disgusting direct attack on the coal fired industrialisation, jobs and opportunities currently lifting a growing number of people out of chronic poverty in Asia and Africa.

Energy Use 2010-2015

Energy Use for Aluminium Smelting 2010-2015. Source World Aluminium Institute

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There’s No Easy Way Out of Africa for French Forces

Re-Blogged From Stratfor

Forecast Highlights
  • The weakness of Sahel states, including Mali and Niger, will continue to force them to rely on foreign powers, such as France, for security.
  • France will continue working to prevent a security crisis from developing in any of its partner states in the terrorist-rich Sahel.
  • Newly elected French president Manuel Macron will be limited in his ability to militarily disengage from Mali and Africa more broadly.

Despite all of France’s pressing domestic issues, its newly elected president, Emmanuel Macron, traveled to Mali during his first week in office, sending a clear message to the world: France still considers Africa a top priority. On the trip, Macron met May 19 with Malian President Ibrahim Boubacar Keita and with some of the more than 3,000 French troops stationed in the country under the aegis of Operation Barkhane. Though Macron’s political strategy is still solidifying from campaign promises into actual policy, his administration will face the same severe constraints in the Sahel region as did his predecessors, including institutional weakness, resilient Islamic militant groups and rough physical terrain — which will make a military drawdown difficult.

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Europe’s Biggest Solar Company Goes Up In Smoke

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

Meanwhile: African Nations To Build More Than 100 New Coal Power Plants

Germany’s SolarWorld, once Europe’s biggest solar power equipment group, said on Wednesday it would file for insolvency, overwhelmed by Chinese rivals who had long been a thorn in the side of founder and CEO Frank Asbeck, once known as “the Sun King”. A renewed wave of cheap Chinese exports, caused by reduced ambitions in China to expand solar power generation, was too much to bear for the group, which made its last net profit in 2014. —Reuters, 11 May 2017

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2017 Annual World Forecast

[This is a very comprehensive, very long article. Please be ready. -Bob]

Re-Blogged From Stratfor

The convulsions to come in 2017 are the political manifestations of much deeper forces in play. In much of the developed world, the trend of aging demographics and declining productivity is layered with technological innovation and the labor displacement that comes with it. China’s economic slowdown and its ongoing evolution compound this dynamic. At the same time the world is trying to cope with reduced Chinese demand after decades of record growth, China is also slowly but surely moving its own economy up the value chain to produce and assemble many of the inputs it once imported, with the intent of increasingly selling to itself. All these forces combined will have a dramatic and enduring impact on the global economy and ultimately on the shape of the international system for decades to come.

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