from Greg Hunter:
Trump’s Trade War Dilemma And Gold
by Dave Kranzler, Investment Research Dynamics:
If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.
Please do not make the mistake of believing that the fate the of the stock market hinges on whether or not Trump and China reach some type of trade deal. The “trade war” is a “symptom” of an insanely overvalued stock market resting on a foundation of collapsing economic and financial fundamentals. The trade war is the stock market’s “assassination of Archduke Franz Ferdinand.”
Yes, James Freeman, We Do Know How Bad the Federal Reserve Is
by Pam Martens and Russ Martens, Wall St On Parade:
Earlier this week, James Freeman, the Assistant Editor of The Wall Street Journal’s editorial page, wrote an opinion piece headlined as “We’ll Never Know How Bad the Federal Reserve Is.” Freeman is also a Fox News contributor so one might be prone to suspect there is that typical right-wing bias to bash the Fed.
Freeman, however, has a legitimate beef. His new book, “Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi,” with co-author Vern McKinley was published this week and Freeman laments in the article about how the Fed “hides and then destroys documents.” If you’re a journalist attempting to compile a truthful and accurate account about a financial institution or a financial era and a key institution holding those documents refuses to release them, then the American people have lost the ability to exercise oversight of their government.
GOLD DOWN $3.00 TO $1198.20/SILVER DOWN 4 CENTS TO $14.15/USA INITIATES TARIFFS AND CHINA RECIPROCATES
by Harvey Organ, Harvey Organ Blog:
ISRAEL LAUNCHES HUGE ATTACK ON SYRIAN SOIL LAST NIGHT/SYRIA ACCIDENTLY SHOOTS DOWN A RUSSIAN RECONNAISSANCE PLANE/ MOSCOW BLAMES ISRAEL FOR USING THAT PLANE FOR COVER/DEMOCRATS SCARED OUT OF THEIR MINDS THAT TRUMP HAS DECLASSIFIED A HUGE NUMBER OF DOCUMENTS/HUGE FALLOUT FROM THE KAVANAUGH AND FORD DEBACLE: SO FAR FORD HAS NOT INDICATED SHE WILL TESTIFY ON MONDAY
Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”
by John Rubino, Dollar Collapse:
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies. From today’s Wall Street Journal:
Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears
U.S. oil prices are lagging behind global oil prices climbing toward $80 a barrel, the latest sign of a market that has gone from glutted to exceptionally tight in the past year.
BITCOIN STUMBLES AS CHINA SHUTS DOWN EXCHANGES
by Dawn Luger, The Daily Sheeple:
Regulators in China say the Bitcoin exchanges are all but banned, and the news caused the crypto currency to drop noticeably.
Reports from Bloomberg and The Wall Street Journal on Monday first indicated that China had planned to ban the trading of Bitcoin and other virtual currencies on its exchanges. Now, China’s second-largest digital-currency exchange announced it was shutting down its domestic trading operations. This is the latest development in China’s attempts to impose control within its borders over the stateless currency.
Bobby Lee, CEO of the bitcoin exchange BTCChina, tweeted Thursday that the firm would stop all trading on September 30 following China’s ban on initial coin offerings, the cryptocurrency-based fundraising method.
According to Bloomberg, China Business News reported that the city of Shanghai had ordered the closure of bitcoin trading platforms. The website Crypto Coins News further cited a local newsletter that said banning bitcoin exchanges was “certain.”
Bitcoin has come under pressure in recent weeks following negative headlines out of the UK and China. –Business Insider
Rumors that China will inevitably ban cryptocurrency trading altogether have escalated. A Caixin report out Friday suggested that China would even shut down all of its domestic exchanges. In addition, the Financial Conduct Authority, a UK watchdog, warned investors about the “risk” associated with ICOs.
The cryptocurrency has fallen about 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} since its September 1 high but it’s still up nearly 300{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} this year leading many to speculate that the Chinese ban and UK rhetoric will have a pretty small effect overall on the currency.
Read More @ TheDailySheeple.com
A streaming fountain of Truth
by Dr Jerome, TF Metals Report:
Since we may all be thinking of other things instead of metals today, and seeing that chart this morning with silver swatted down yet again, I am certainly focusing on other things. Well, perhaps the bankers just gave metals a mean look and said, “Get back in your room!” rather than a full trip to the woodshed.
(My gut says, “If silver really does drop to single digits, crack open the piggy bank [credit] and make a purchase.”)
In an effort to give Turd a break, I thought I’d share some history and thoughts on that pesky first amendment. It even seems to be relevant to recent discussions, even this morning as the SGT report has been deleted from Youtube (as pointed out by two of our watchful members, AlexP23 and Ben Stakin). see https://www.real.video/channel/sgtreport
First Venezuela, now Argentina on the verge of financial catastrophe
by Isabelle Z., Natural News:
Argentina could soon follow in Venezuela’s footsteps as the country moves toward financial collapse. The peso is dropping while prices rise dramatically, and Argentina has now made the very serious move of entering talks with the International Monetary Fund to seek financial rescue.
It’s an interesting step for the country given its history. When Argentina defaulted on $132 billion in foreign debt in 2001, the IMF admitted shortly thereafter that its support had prolonged the country’s crisis. The events of 2001 left one out of every five Argentineans unemployed and spurred 12 years of populist rule.
