from RoadtoRoota:
The New Bretton Woods System: Lyndon LaRouche’s Moment in History
by Harley Schlanger, LaRouche PAC:
The stakes are very high in the fight to move from the Dec. 1 Trump-Xi summit and the resulting U.S.-China trade truce, and from the next (still unscheduled) Trump-Putin summit, directly into the first Four-Power discussions among the U.S., China, Russia and India towards a New Bretton Woods international fixed exchange-rate credit system—as designed by Lyndon LaRouche.
Now we see that alien elements in the U.S. Department of Justice are using provocative arrests and prosecutions, to try to shut down Washington-Beijing relations, just as they or others in the DOJ have been attacking Washington’s relations with Moscow for years, and are trying to cripple and eventually remove the elected U.S. President.
GOLD UP $2.10 TO $1292.00//SILVER UP 11 CENTS TO $15.02
by Harvey Organ, Harvey Organ Blog:
CHINA INJECTS A WHOPPING AMOUNT OF MONEY INTO ITS ECONOMY AND THAT SENT MARKETS FLYING TODAY
GOLD: $1292.00 UP $2.10 (COMEX TO COMEX CLOSING)
Silver: $15.02 UP 11 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1291.35
Gold is being recognized as money again by Central Banks
by Alex Deluce, Gold Telegraph:
Central banks seem to be in the news a lot. But does anyone actually know what their function is? Central banks control money, pure and simple. They determine a country’s money reserves (the amount of currency regular banks keep in their vaults), interest rates, and they print money, which invariably affects the rate of inflation. Every time you make a loan payment, the central bank has determined the interest.
The Housing Market Is Heading South
by Dave Kranzler, Investment Research Dynamics:
A subscriber from Canada emailed me last night about the Canadian housing market: “Toronto and Vancouver sales down 40% and 30% YoY respectively. Prices are still up in Vancouver but down 14% in Toronto. I don’t know how prices stay up if the volume continues to trend down. Canadians are even more levered than Americans I believe. This is going to get ugly before it’s all over.”
The only part I disagree is Canadians being more levered than Americans. The average first time buyer in the U.S. can buy a Fannie/Freddie guaranteed mortgage financed home with zero down as long as the credit score is north of 570. “Zero down?” you ask. Yes zero down. Now included in the down payment is any amount of concessions tossed in by the seller. Soft dollars. Fannie and Freddie are already asking for “bail out” money from the Government after posting big losses. Fannie posted a $6.5 billion loss in Q4. How is that possible if the housing market is healthy? It’s the sign that the average homebuyer is overleveraged.
Fewer Dollars / More Physical Gold: China Acquires Almost 12 Tons of Gold
by Rory Hall, The Daily Coin:
If you have been following along you know that China abruptly stopped acquiring gold in October 2016, the same month the IMF allowed the renminbi / yuan to join the SDR basket of currencies. China had met it’s gold obligation required by the IMF and why continue sharing with he world a closely held strategic component? No one else that’s not acquiring gold on the global market is reporting their gold. No audit or tours of the gold vaults, simply roll the numbers forward from the previous month, previous year, previous decade.
Goldman Sachs Is Quietly Trading Stocks In Its Own Dark Pools on 4 Continents
by Pam Martens and Russ Martens, Wall St On Parade:
Futures on the Dow Jones Industrial Average are up early this morning by more than 200 points. But the 10-year U.S. Treasury has also had a big rally, which dropped its yield overnight to just below 2 percent. The 10-year Note yield below 2 percent suggests a serious slowdown in the U.S. economy. That’s not something corporate stocks should be cheering about. The continuing aberrations in the U.S. stock market suggest a malfunctioning stock market structure and the first place to look is Dark Pools, which are unregulated stock exchanges run by the same mega Wall Street banks that blew up the U.S. financial system in 2008 and received the largest taxpayer bailout in U.S. history.
