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.”
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 Andy May – Re-Blogged From http://www.WattsUpWithThat.com
Poverty and access to energy are closely related. Although it probably isn’t possible to show that access to energy is the key reason so many have been lifted out of poverty in recent decades, the data and logic suggests that this so. In the United States, the average person uses about 300 million BTUs of energy per year according to the EIA. This is equivalent to the manual labor of 69 healthy people working hard for 6 hours per day. Worldwide, the average person uses 73 million BTUs, the equivalent of 16 hardworking people.
Prior to the industrial age, which began with the first practical coal- and wood-fired steam engines between 1712 and 1776, slavery, bonded servants and serfs were common, this group made up over 90% of the world’s population in 1800. For a few people to live well they needed lots of servants and domestic animals to do the manual labor for them. Now, in the age of electricity, petroleum and nuclear powerplants, most manual labor can be done by machines. No longer do a few wealthy people live from the labor of others, everyone who has access to energy can live well. Before the industrial age, nearly everyone was extremely poor as seen in Figure 1, today fewer than 10% are extremely poor.
By David Middleton, petroleum geologist – Re-Blogged From WUWT
JUN 17, 2018
What If India And China Used Natural Gas And Oil Like The U.S.?
Jude Clemente , CONTRIBUTOR
BP’s just releasedStatistical Review of World Energy 2018 has got my wheels turning. The first thing you should know is that global energy consumption has essentially just begun: around 85% of the global population – 6 in every 7 humans – still lives in developing nations. They don’t live in rich cities, like San Francisco, Toronto, New York City, Los Angeles, London, or Tokyo; they live in poorer ones, like Mumbai, Lagos, Jakarta, Guangzhou, Calcutta, and Karachi. This is where the future energy action is man: at least 90% of future demand will be in nations that are currently not developed. We rich, “all the energy that we want at our fingertips” Westerners still aren’t grasping a sad and cold reality: most of the world is poor and energy deprived.
By Mac Slavo – Re-Blogged From Freedom Outpost
A European Union committee has just approved rules that could “destroy the internet as we know it.” The two new and controversial rules change the dynamics of the internet and introduce wide-ranging new changes to the way the web works.
For starters, the rules, known as Article 11 and Article 13 could be used to “ban memes.” Article 13 has been criticized by campaigners who claim that it could force internet companies to ban all memes. It requires that all websites check posts against a database of copyrighted work, and remove those that are flagged. The reason many believe this could lead to a meme ban is that memes often use images taken from films or TV shows and could be removed by websites under article 13. It’s just a convenient and propagandized way of making censorship sound better, though.
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.