India’s Booming Economy Expected To Firm Up Gold Demand

By Frank Holmes – Re-Blogged From Gold Eagle

Starting today, the five-day festival known as Diwali—literally, “a row of lights”—will be observed by millions of Hindus, Sikhs and Jains worldwide. A celebration of good triumphing over evil, the festival typically coincides with the Hindu new year. Regular readers of Frank Talk should know that Diwali is also an auspicious time to buy gold coins and jewelry as gifts for loved ones, and in the past the increased demand has been enough to move gold prices to the upside.

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Why The Market Crash Is Just Beginning

By Michael Pento – Re-Blogged From Silver Phoenix

Wall Street’s playbook stipulates that every down tick in the market is just another buying opportunity. While that is most often true, peak margins, a slowing global economy and the bond bubble collapse makes this time more like 2008 than just a routine selloff.

In the vanguard of this coming market crash is China, whose make-pretend growth rate slid to 6.5% in the third quarter. This is the slowest pace of growth that the communist government has been willing to own up to since the last global financial crisis. Leaving one to conclude that the reality in China is far worse.

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New UN Shipping Rules to Boost Climate Change, Wipe 3% Off US GDP by 2020

By Eric Worrall – Re-Blogged From WUWT

The United Nations International Maritime Organisation is in the process of introducing new marine diesel standards which economists worry will have a serious negative impact on Climate Change and the US economy.

Sulphur-emissions rules for shipping will worsen global warming

The IMO’s rules could also wipe 3% off America’s GDP

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Kudlow: Market Worried Democrats Will Overturn Trump Growth Policies

By F McGuire – Re-Blogged From Newsmax

White House economic adviser Larry Kudlow says that Wall Street is plunging because of fear Democrats will win midterms and end President Donald Trump’s “pro-growth policies.”

Kudlow, speaking to reporters outside the White House on Tuesday, blamed the market decline on mid-term elections, CNBC.com reported.

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A 50% Market Decline & No Way To Stop It

By Michael Snyder – Re-Blogged From Freedom Outpost

Is Ron Paul about to be proven right once again?  For a very long time, Ron Paul has been one of my political heroes.  His willingness to stand up for true constitutional values and to keep saying “no” to the Washington establishment over and over again won the hearts of millions of American voters, and I wish that there had been enough of us to send him to the White House either in 2008 or in 2012.  To this day, I still wish that we could make his classic work entitled “End The Fed” required reading in every high school classroom in America.  He was one of the few members of Congress that actually understood economics, and it is very sad that he has now retired from politics.  With the enormous mess that Washington D.C. has become, we sure could use a lot more statesmen like him right now.

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International Panel Calls for End to Global War on Fossil Fuels

By Anthony Watts – Re-Blogged From WUWT

More than 100 leading scholars from 12 countries have issued a report contending “the global war on fossil fuels … was never founded on sound science or economics” and urging the world’s policymakers to “acknowledge this truth and end that war.”

The Nongovernmental International Panel on Climate Change (NIPCC), an independent organization founded in 2003 to fact-check the work of the United Nations on the issue of climate change, today released the Summary for Policymakers of Climate Change Reconsidered II: Fossil Fuels. The 27-page Summary provides an early look at a 1,000-page report expected to be released on December 4 at a climate science symposium during the United Nations Conference of the Parties (COP-24) in Katowice, Poland. 

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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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