by Kerry Lutz, Financial Survival Network:
John Rubino is back for another Monday… It’s always good to be the king, as a wise philosopher one stated. And being the king of currencies is no exception. The US Dollar is rolling along and crushing every currency in its path. But how long can it go on? Looks like there’s really life in the mining space once again, with Barrick’s acquisition of Randgold.reserve currency!
Click HERE to Listen
by Michael Pento, Market Oracle:
Global financial services firm Lehman Brother’s stock was in free-fall during the first week of September 2008. After making huge bets in the mortgage securities space, Lehman’s President Dick Fuld feared bankruptcy and frantically sought out a buyer. The company was hopeful to strike a weekend deal with either Barclays PLC or Bank of America.
Nevertheless, Lehman’s outsized investments in the mortgage market ultimately proved them too risky a partner for anyone; and the giant investment bank went belly-up on September 15th. Prior to this event, Lehman had reported record earnings every year from 2005 to 2007. The Street believed the company to be infallible. Analysts held on to hope until the bitter end. Their mantra went something like this, “nothing to see here, this is a small correction in a small section of the housing market that has little effect on the overall economy.”
by Harvey Organ, Harvey Organ Blog:
RUSSIA INCREASES ITS RESERVES BY 31.1 TONNES (20 TONNES FROM THEIR OWN PRODUCTION AND 11 TONNES OF IMPORTED GOLD/SINGAPORE ADDS 12 TONNES AND SURPRISINGLY THAILAND ADDS A HUGE 21 TONNES OF GOLD: GOLD IS DEFINITELY MOVING FROM EAST TO WEST!!/ CHINA REFUSES TO TALK TO THE USA AS THEY CANCEL THEIR NEXT MEETING..THEY WILL NOT NEGOTIATE UNDER THE THREAT OF SANCTIONS AND THE TRADE WAR/BIG STORY: DRAGHI ANNOUNCES THAT INFLATION IN THE EU AREA IS “VIGOROUS” AND THAT WILL SET THE STAGE FOR THE ECB TO RAISE RATES AND PIERCE THE DEBT BALLOON/THERESA MAY AND HER PARTY IN TURMOIL AS HER BREXIT PLAN HAS FEW TAKERS/MEGA STORIES ON THE ROSENSTEIN SITUATION AND ON THE KAVANAUGH NOMINATION!!/PLUS OTHER SWAMP STORIES
by Keith Weiner, Sprott Money:
Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with the English language).
So it is with wry amusement that, this week, Keith heard an ad for an exclusive-to-Pandora series. The symptoms of falling-interest-disease are ubiquitous.
by Ron Paul, Ron Paul Institute:
This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to bring them to the floor.
The GOP tax plan does offset some of the damage caused by federal control of education by making it easier for parents to escape failing government schools or “edexit.” It accomplishes this by allowing money saved in a tax-free 529 education savings account to be used for homeschooling expenses.
by Chris Marcus, Miles Franklin:
One of the primary reasons why I left Wall Street in 2012 was because I had started to notice the difference between what gets reported to the public, and what I actually saw going on in the markets.
Certainly as the years have passed, there is a growing awareness, especially by those in the precious metals community, that often the mainstream media does not always give the most accurate assessment of the environment.
The latest example being the comparison between the increase in household income and the increase in the price of goods that people actually buy.
by Patrick J. Buchanan, The Duran:
By the end of his second term, President Ronald Reagan, who had called the Soviet Union an “evil empire,” was strolling through Red Square with Russians slapping him on the back.
Bliss was it in that dawn to be alive.
And how have we husbanded the fruits of our Cold War triumph?
This month, China’s leader-for-life Xi Jinping stood beside Vladimir Putin as 3,000 Chinese troops maneuvered with 300,000 Russians, 1,000 planes, and 900 tanks in Moscow’s largest military exercise in 40 years.
