By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com
The new Italian government will increase public spending and public debt.
It promised to reduce taxes, introduce basic security and reform pensions. Italy’s Northern League’s leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.
By Mike Gleason – Re-Bloggd From http://www.Gold-Eagle.com
Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it’s always great to have him on with us. Gerald, thanks for taking the time again today, and welcome back.
Gerald Celente: Thanks for having me on.
Mike Gleason: Well, Gerald, the potential for a trade war is the hot topic in the financial press these days. Around here, the question is what escalating concerns over trade might mean for the precious metals markets, and we would like to get your thoughts on that. But first, please give us your take on the President’s trade policy in general. Some people think the U.S. has been a major beneficiary of trade. We’ve been able to import real goods and services in exchange for increasingly worthless dollars. Others hate what so-called globalization has done to U.S. manufacturing and think Trump is delivering a long overdue warning shot to nations who have taken advantage of the U.S. So, where do you stand on all this?
By Arkadiusz Sieron – Re-Blogged From http://www.Gold-Eagle.com
The recent growth acceleration in the EU could distract attention from problems of the common bloc. Fortunately, you can always count on Italy. Whenever you start thinking that only bright future is ahead of the union, the descendants of the proud Romans remind about themselves. Indeed, Italy focuses three major EU’s problems like in a lens. What are they and how could they affect the gold market?
First, populism. As you remember, Italians held general elections in March. As we reported then, the populist party founded by comedian Beppe Grillo won about one-third of the votes. Since then, the Five Star Movement and League, the two biggest parties in the new parliament, have been negotiating to form a new government. In May, they finally published a contract for their shared platform.
By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt to manage economic outcomes are the result of monetary policy itself. The link between interest rate suppression in the early stages of the credit cycle, the creation of malinvestments and the subsequent debt dénouement was summed up in Hayek’s illustration of a triangle, which I covered in an earlier article.
Re-Blogged From Stratfor
Highlights
(EITAN ABRAMOVICH/AFP/Getty Images)
By Keith Weiner – Re-Blogged From http://www.Gold-Eagle.com
Support you’re driving a car, and you turn the steering wheel left [s/b right. -Bob]. You will feel the door and pillar of the car push your left shoulder (in a left-drive car). This is an observed fact.
One idea—let’s call it common sense physics—is that a force is pushing you outward into the door. If you picture the center of the circle that the car is making in its turn, there is an apparent radial force on you. The direction of this force is outward. It is called centrifugal force.
By David Haggith – Re-Blogged From Great Recession Blog
Europe’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the rest of Spain. All of Europe fell under Trumpian trade-war sanctions and threatened their own retaliation. And Germany’s most titanic bank got downgraded to the bottom of the junk-bond B-bin.
