Scary US & Foreign Market Chrts

By Clive Maund – Re-Blogged From Gold Eagle

There are times in life when being alarmed is actually a healthy defense mechanism that gives you an advantage over the many for whom “ignorance is bliss.” This is one of those times.

The U.S. stock market is now at a dangerous unprecedented overbought extreme, as the charts that we will look at in this update make abundantly clear, after years of being wafted higher by a combination of QE, ZIRP and stock buybacks, and latterly Trump’s tax bonanza, which has kept the party going by making windfall cash available for still more buybacks. However, with QE having already reversed into QT (Quantitative Tightening) and rates rising, the tide has already turned, and the vice is closing inexorably on the market, which will soon buckle and collapse back into an overdue and very necessary bear market that will serve to at least partially flush out the monstrous excesses of the past decade, before they come riding to the rescue with QE4. The magnitude of these excesses means that the bear market is likely to be anything but orderly, and it should be characterized by at least one big crash phase.

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We Should Ditch GDP As A Measure Of Economic Activity

By Alasdair Macleod – Re-Blogged From Silver Phoenix

This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An economy does not grow, only the quantity of fiat currency deployed grows. A successful economy progresses our condition, our wealth, our standards of living. The evolution of misleading statistics such as GDP to their current condition is only governed by their usefulness to governments, not as an objective development of sound theory by seekers of truth.

There are perhaps two plausible reasons for producing the GDP statistic, other than employing statisticians, and both have nothing to do with economics. By compiling the figures, a government keeps track of its tax base, and it can enter into the game of my-country-is-bigger-than-yours.

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Weekly Climate and Energy News Roundup #329

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

McKitrick-Christy Hypothesis Test: Last week’s TWTW discussed a test on the ability of climate models (a mean of the models used) to describe a 60 year-warming of slivers a layer of the atmosphere as measured by instruments in weather balloons. The area of the atmosphere of interest is the tropical troposphere at 200 to 300 millibar, about 30,000 to 40,000 feet (9100 to 12200m). Three different radiosonde data sets are used. For the averages from the models they use all 102 model runs in the CMIP5 archive.

The Coupled Model Intercomparison Project Phase 5 (CMIP5) consisting of 20 climate modeling groups, world-wide was convened in 2008 to prepare for the Fifth Assessment Report (AR5) of the UN Intergovernmental Panel on Climate Change (IPCC)

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Immigrant Population Hits 107-Year High

By Joshua Paladino – Re-Blogged From Liberty Headlines

Some of the largest immigration expansions, as a percentage, between 2010 and 2017 came from war-torn or economically struggling countries…

Asylum Seekers Keep Coming Despite Immigration Law Enforcement

As of July 2017, immigrants —legal and illegal — compose the highest percentage of the U.S. population that they have since 1910.

About one in seven current U.S. residents — 44.5 million — emigrated from a foreign country, according to a study conducted by the Center for Immigration Studies.

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Challenging the Inevitability of the Liberal World Order

Rodger Baker   Rodger Baker – Re-Blogged From Stratfor
Highlights
  • In contrast to the ideas of some of its proponents, the liberal world order is not the destiny of all societies around the world.
  • Those seeking to implement such an order have failed because they often don’t recognize realities on the ground, occasionally leading to chaos.
  • Acknowledging that the liberal world order is not inevitably for all of humanity is critical in improving our understanding of the world.
This picture shows a session of the U.N. General Assembly from June 13.
(DON EMMERT/AFP/Getty Images)

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All Hell Will Break Loose With Record Risk

By Egon von Greyerz And Greg Hunter – Re-Blogged From Silver Phoenix

Financial and precious metals expert Egon von Greyerz (EvG) vaults gold for clients at two secret locations on two continents. EvG is sounding the alarm about record breaking global risk and warns, “With this risk, people have to take insurance. This business is not a business, it is a passion, and I have a passion to help the few people that see the risks. . . . I think your best wealth preservation will be gold.”

In closing, EvG says, “. . . At some point, all hell will break loose. There is no question about it. It could be something very serious coming this autumn. The whole political system is fighting against Trump, and that is going to be tough, very tough. . . . The markets are giving me the signal that things are going to turn in the autumn, and you can easily find a number of catalysts for this to happen.”

FULL INTERVIEW:

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Italian Debt – A Financial Disaster Waiting To Happen

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.

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