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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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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Inflationary Insolvency Will Make Gold And Silver Prices Explode

By John Rubino – Re-Blogged From Gold Eagle

What happens to gold and silver prices when the Fed “goes all in” during the next financial crisis?

Money manager Michael Pento says, “They are going to explode when the stock markets melt down and deficits are rising where is the money going to come from?

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After a Collision in Doklam, India and China Are Correcting Course

By Sarang Shidore Senior Global Analyst, Stratfor

Sarang Shidore

Re-Blogged From Stratfor

Highlights

  • Tensions between India and China have relaxed considerably since their armies faced off on the Doklam Plateau in the summer of 2017.
  • This change is a result of setbacks to Indian foreign policy and a more difficult global strategic environment for China.
  • Despite a return to limited cooperation, India will continue to see China as its biggest geopolitical rival, though it will compartmentalize its adversarial relationship.
  • India will continue to build up its military and establish new bilateral security ties to counter China, but it will also refrain from joining any anti-China military bloc, will soften its strident opposition to the Belt and Road Initiative and increase participation in Chinese-dominated multilateral initiatives.

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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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Why The Global Collapse Will Be Devastating

By Egon von Greyerz – Re-Blogged From King World News

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News there is no way out and this is why the global collapse will be devastating.

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