A Trade War Truce Won’t Fix China

By Michael Pento – Re-Blogged From Pento Porfolios

The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at the G-20 meeting in Argentina. But the truth is, China’s problems are structural in nature–resulting from a centrally-planned economy that goads its citizenry into pre-fabricated urban areas in order to manufacture a pre-determined rate of growth. Nevertheless, what the Chinese government has actually accomplished is to produce a dystopia; one that was erected upon the largest percentage increase in debt the world has ever witnessed.

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Environmental Groups Claim Coal Killed 7,600 People in Europe in 2016… Can’t Name Any of the Victims

By David Middleton – Re-Blogged From WUWT

[Sue the Bastards! -Bob]

Groups target Europe’s coal companies over harmful emissions

FILE – In this Feb. 27, 2018 file photo a coal-fired power station steams in the cold winter air in Gelsenkirchen, Germany. Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. In a report published Tuesday, Nov. 20, 2018 five campaign groups, including Greenpeace, blame the companies for 7,600 premature deaths and millions of work days lost across Europe in 2016. (AP Photo/Martin Meissner, file) (Martin Meissner)

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The Approaching Storm

By Gary Christenson -Re-Blogged From Gold Eagle

Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion.

His sequence:

  1. Bear Market
  2. Recession
  3. Deficits explode
  4. Return of ZIRP and QE
  5. Dollar tanks
  6. Gold [and silver] soars
  7. CPI spikes
  8. Long-term rates rise
  9. Federal Reserve is forced to hike rates during a recession
  10. A financial crisis without stimulus or bailouts.

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Why Interest Rates Are Rising Long-Term

By Alasdair Macleod – Re-Blogged From GoldMoney

There are growing expectations that the current cycle of rising interest rates will result in a deflationary recession. While a credit crisis is increasingly likely to evolve in the coming months, it is a highly inflationary situation. A combination of higher interest rates and catastrophic falls in the purchasing power of fiat currencies will continue to plague welfare-driven states in the wake of a credit crunch. The standard post-crisis solution of monetary and fiscal reflation will not be available. This article examines the ultimate consequences of the West’s abandonment of sound money, free markets and wealth creation in favour of increasing state intervention and wealth destruction.

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Weekly Climate and Energy News Roundup #336

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

By Ken Haapala, President

Quote of the WeekIf you thought that science was certain – well, that is just an error on your part.” ― Richard P. Feynman

Number of the Week: $51.5 Billion in subsidies over 10 years.

Correcting Errors: Making errors in works that have been published is always embarrassing. One of the purposes of peer review is to find possible errors and correct them before publication. Unfortunately, in climate science peer review has become political review – if the findings do not suit the reviewer’s political views, the work is rejected – the lack of space is a common excuse.

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After Germany’s Merkel Comes Chaos

By John Rubino – Re-Blogged From Dollar Collapse

After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021.

What happens next is almost certain to be chaotic, as the following chart (courtesy of this morning’s Wall Street Journal) makes clear:

German political parties Merkel

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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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