Tuesday, October 15, 2019

Will Interest Rate Cuts Be Enough?

by Michael Pento, Market Oracle:

The main stream financial media is absolutely ebullient about global central banks’ renewed enthusiasm to cut interest rates to a level that is even lower than they already are. And, most importantly, Wall Street is completely confident that theses marginally-lower borrowing costs will not only be enough to pull the global economy out of its malaise; but will also be sufficient to provide enough monetary thrust to blow asset bubbles into the thermosphere.

However, the truth is Fed stimulus does not always work. This was the case during both 2000 and 2008. A significant amount of rate cuts was not enough to avert a recession and also did nothing in the way of preventing the stock market from collapsing.

Here’s why the gold price could really soar over the next two years

by Simon Black, Sovereign Man:

At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal.

This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes.

They were the tech entrepreneurs of their day, famous for their bold, absurdly expensive, and extremely high-risk ideas that often ended in catastrophic failure (or the mental/physical enslavement of countless people).

Economic Hitmen and Neoliberalism — The Truth About What’s Happening in Ecuador

by Dylan Charles, Activist Post:

The South American nation of Ecuador has been in the throes of a bloody populist revolution for nearly two weeks now. On October 3rd, 2019, President Lenín Moreno announced the enactment of Decree 883 which effectively ended decades of government fuel subsidies, causing the price of gasoline and diesel to jump sharply overnight.

In a televised speech on Oct. 3, Moreno announced executive order 883 which “liberates the price of diesel and extra gasoline,” justifying his decision by saying that the Ecuadorean state allocates more than US$1.3 billion a year in fuel subsidies.

A day later prices increased by 25 to 120 percent starting, as the gallon of gasoline will go from US$1.85 to US$2.30. While diesel, used by most freight transport, will increase from US$1.03 to US$2.27. A measure that was part of the US$4.2 billion deal with the International Monetary Fund. [Source]

It Does Not Take Some “Major Event” To Get To A $10,000 Gold Price

from Silver Doctors:

A war or famine is not necessary for gold to reach $10,000 per ounce. Here’s all it takes… 

by Frank Holmes of US Funds

“Travel,” Mahatma Gandhi once said, “is the language of peace.”

If that’s the case—and I happen to believe that it is—then I’m extremely bullish about the future, especially with respect to U.S.-China relations. Last week I was in Lower Manhattan, and the number of Chinese tourists I observed visiting the New York Stock Exchange (NYSE) and Federal Hall National Memorial—the epicenter of American capitalism and birthplace of the U.S. government—was encouraging. Everyone wanted their picture taken with the statue of George Washington, the father of the country with which their own government has been locked in a trade war for more than 18 months now.

The Eurozone In Crisis? New President of the European Central Bank (ECB) has a Criminal Record. Christine Lagarde

by Prof Michel Chossudovsky, Global Research:

Ms. Christine Lagarde, outgoing Managing Director of the IMF has been appointed to the position of president of the European Central Bank (ECB) effective November 1, 2019

France’s president Emmanuel Macron acting on behalf of powerful banking interests was instrumental in Ms. Lagarde’s nomination. Praised by the Western media, Lagarde was also endorsed by Wall Street and the US Federal Reserve.

What media reports fail to mention is that Lagarde is a corrupt official involved in financial fraud. She has a criminal record.

Are We Blocking Out the Sun?

by F. William Engdahl, New Eastern Outlook:

Climate change is real. However, serious scientific evidence is pointing to a very different causality than most discuss. Climate is a huge subject, an immensely complex one. There is controversy around whether we must implement drastic new taxes on fuels or other measures to reduce or “capture” CO2 to reduce Man-Made Global Warming. So far however, there are strong indications we are ignoring what might be a far greater factor in our climate and in increasing occurrence of severe weather around the world, from hurricanes to volcanic eruptions to earthquakes to severe cold, severe warm and severe rainfall. One causal factor being ignored in all the discussion is what influence solar activity has on our climate. We might well be ignoring this to our peril.

COVER-UP? ANTIFA Issues Gag Order Following Brutal Death Outside of Their Far-Left Hangout

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by Shane Trejo, Big League Politics:

An ANTIFA activist died this weekend after he was run down by a motor vehicle outside of a popular far-left hangout in Portland, OR.

Sean D. Kealiher, 23, was struck by an SUV during a deadly confrontation outside of the Cider Riot bar, which is a centralized hub of sorts for the city’s violent left-wing extremists. The vehicle was reportedly hailed with gunfire after it hit Kealiher, and then crashed into a nearby building.

UN Climate Scientist: ‘Carbon Dioxide Emissions Are Making The Earth Greener And More Fertile’

from Humans Are Free:

Carbon dioxide emissions are making the Earth greener and more fertile, a United Nations (UN) climate scientist has said.

In a paper for the Global Warming Policy Foundation, Dr Indur Goklany, who has previously represented the United States on the Intergovernmental Panel on Climate Change (IPCC), says that the rising level of carbon dioxide in the Earth’s atmosphere “is currently net beneficial for both humanity and the biosphere generally”.

The benefits are real, whereas the costs of warming are uncertain,” he adds.

There are satanists in the U.S. Naval Academy

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from Fellowship Of The Minds:

Rod Dreher is a senior editor at The American Conservative and a published author of four books. (Read more about him here.)

In an October 9 post on The American Conservative, Dreher alerts us to the alarming news that there are organized satanists in the U.S. Naval Academy.

Founded in 1845, the U.S. Naval Academy (USNA) is the second oldest of the United States’ five service academies, and educates officers for commissioning primarily into the U.S. Navy and U.S. Marine Corps.