Run On The Pound Sterling

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party 

– British pound already down 20% since Brexit, collapse already in play

– Run on the pound likely due to Labour’s ‘command economy’ approach

– Collapse in Sterling would undermine UK financial system

– Portfolios holding sterling and related assets would be significantly affected

– Pension funds and property the most likely to get hit by run on the pound

– Gold to benefit as sterling collapse picks up pace

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Pensions And Debt Time Bomb

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

£1 trillion crisis looms as pensions deficit and consumer loans snowball out of control
– UK pensions deficit soared by £100B to £710B, last month
– £200B unsecured consumer credit “time bomb” warn FCA
– 8.3 million people in UK with debt problems
– 2.2 million people in UK are in financial distress
– ‘President Trump land’ there is a savings gap of $70 trillion
– Global problem as pensions gap of developed countries growing by $28B per day

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The Forthcoming Global Crisis

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle. Most national economies are directly boosted by China, the important exception being America. This is confirmed by dollar weakness, which is expected to continue. The likely trigger for the crisis will be from the Eurozone, where the shift in monetary policy and the collapse in bond prices will be greatest. Importantly, we can put a tentative date on the crisis phase in the middle to second half of 2018, or early 2019 at the latest.

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British Suddenly Stop Buying Cars

By Mark O’Byrne -Re-Blogged From http://www.Silver-Phoenix500.com

British people suddenly stopped buying cars

– Massive debt including car loans, very low household savings – Brexit and decline in sterling and consumer confidence impacts – New cars being bought on PCP by people who could not normally afford them – UK car business has ‘exactly the same problems’ as the mortgage market 10 years ago, according to Morgan Stanley – Bank of England is investigating to make sure UK banks are not overly exposed… – Prudent British people buying gold with cash, not cars with debt

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The Great Carbon Scam

By Ira Goldstein – Re-Blogged From Toronto Sun

One thing you learn on the climate change beat is that the best journalism is done overseas.

In Canada, too many in the media, not knowing the issues, are empty vessels waiting to be filled by Trudeau government propaganda, which they uncritically regurgitate to their audiences.

By contrast, in the UK, one of many examples of serious reporting is a new radio documentary by the BBC’s environment correspondent, Matt McGrath.

Called “Carbon Counting,” McGrath reveals how many nations that signed the Paris accord are inaccurately reporting and/or hiding their greenhouse gas emissions from the United Nations.

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The Fiscal Benefits Of Free Trade

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

Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury departments in all the welfare nations are acutely aware of this problem, to which there’s no apparent solution. The economic recovery, so consistently forecast since the great financial crisis, has hardly materialised and has added to the problem.

There is, if treasury economists could only understand it, a solution in free trade.

One of the UK’s leading economists and Brexiteers, Patrick Minford, produced an interesting paper, which brought up this subject. It got little coverage in the press, and even that was extremely negative. Trading on the Future was the only economic modelling exercise that showed significant benefits for Britain from free trade.

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Drilling Set to Begin in British Shale

By Daniel Graeber – Re-Blogged From https://www.upi.com

Cuadrilla Resources says its drilling rig is on site and ready to tap into a natural gas basin in Lancashire.

Drilling is set to begin in a British shale natural gas basin, where Cuadrilla Resources said there is no precedent in the country. Photo courtesy of Cuadrilla Resources