Markets Unprepared For $80 Oil Shock

By James Puplava – Re-Blogged From http://www.Silver-Phoenix500.com

The summer driving season is just around the corner and this year motorists are facing steeper prices for fuel, up from an average of $2.19 a gallon in 2016 to $2.87 today. By this summer, analysts are projecting gas prices to top $3 a gallon on average for the first time in 10 years.

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The 1970s All Over Again?

BY John Rubino – Re-Blogged From http://www.Gold-Eagle.com

For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they’re about as relevant as the Revolutionary War or the Reformation.

But for seasoned citizens who were around back then and paying attention, the similarities to today are becoming both eerie and scary. Consider:

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China is the Big Wild Card in Trump’s Iran Decision

Trump announces withdrawal from Iran deal.

President Donald Trump put Iran back in the penalty box on Tuesday — but the impact on the oil market could be determined by how China responds.

China, a voracious consumer of oil, holds great sway because it’s Iran’s biggest customer. Almost one-third of Iranian oil shipments this year have gone to China, according to energy research firm Genscape.

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They Did It…

By Mike Savage – Re-Blogged From http://www.Gold-Eagle.com

After many starts and stops over the past few years, the Chinese oil exchange launched on March 26, 2018 as I have been reporting for the past few weeks. This is a big deal. It appears to be a direct competitor to the US dollar in, right now, just oil but it could expand to many other materials- particularly in Eastern Europe and Asia where their one belt one road initiative is taking place. (the largest infrastructure plan the world has ever seen being overseen by China)

Basically, oil is now trading in Shanghai for Yuan rather than the US dollar. In addition, anyone who doesn’t want to hold Yuan can trade the Yuan for gold in either Shanghai or Hong Kong.

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What Trends We’re Tracking on International Women’s Day

Re-Blogged From Stratfor

The shift from a premodern farming society to a modern industrialized society, for example, hinged on the increased participation of women in the workforce. Many nations today, such as Japan, face demographic decline or economic stagnation. And in order to maintain growth, these countries are being forced to combat the legal and social barriers that have kept women out of the workforce. Even in regions such as the Middle East and North Africa, where women have explicitly been prevented from participating in public life, governments are hoping to encourage growth by embracing reform efforts that incorporate women into their economies.

A woman with the female gender pictogram made up on her face attends a demonstration as part of the 40th International Women's Day on March 8, 2017 in Marseille.

(ANNE-CHRISTINE POUJOULAT/AFP/Getty Images)

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Trade Wars

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice.

The back story appears to be far deeper than some relatively minor tariffs on steel and aluminium would suggest. It comes after a prolonged period of shadow-boxing between America in the blue corner and Russia and China in the red. To pursue the boxing analogy, China and Russia have been soaking up America’s punches on the basis America would simply tire herself out. It has been a replay of Muhammed Ali’s dope-on-a-rope strategy in the rumble-in-the-jungle, with America cast as George Foreman.

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