from Sprott Media:
by Kerry Lutz, Financial Survival Network:
John Rubino is back… With developing nations seeing their currencies collapse and bad stocks markets around the globe in negative territory (except the US) it’s beginning to look a lot like 2008. We answer your questions and cover a lot of ground. Best to be prepared and understand how to protect yourself. Remember in 2008 it all started with sub-prime mortgages and spread all over the globe. Could developing country currencies be the sub-prime bubble of yester-year.
Click HERE to Listen
by Charles Hugh Smith, Of Two Minds:
Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system.
Take a look at the Shanghai Stock Market (China) and tell me what you see:
A complete meltdown, right? More specifically, a four-month battle to cling to the key technical support of the 200-week moving average (the red line). Once the support finally broke, the index crashed.
by Steve St. Angelo, SRSRocco Report:
The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize. The rate at which U.S. shale oil production declines in the future is based on two key factors, remaining reserves, and the oil price.
Before I get into the remaining shale oil reserves, let’s first consider the price. When the oil price collapsed from mid-2014 to a low at the beginning of 2016, frackers cut drilling considerably. From March 2015 to September 2016, total U.S. shale oil production fell approximately 600,000 barrels per day (info Shaleprofile.com). However, this decline was not due to the peak in production, but rather, because the low oil price made drilling shale oil uneconomical.