The Japanese Economic Twilight Zone

It wasn’t supposed to be like this. As I learned in my MBA studies in the early 1990s, the sun was setting on the U.S. as a global economic power, just as it had on the British Empire 80 years before. The Land of the Rising Sun was ascending, and our job was to manage the decline of the U.S. as effectively as possible. There was even a book from famed McKinsey consultant Kenichi Ohmae on the subject, Triad Power. The idea of Japan taking over the world infiltrated many parts of life. Japanese investors bought Rockefeller Center in New […]

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How Researchers Could Miss the Real Energy Story

I have been telling a fairly different energy story from most energy researchers. How could I possibly be correct? What have other researchers been missing? The “standard” approach is to start from the amount of resources that we have of a particular type, for example, oil in the ground, and see how far these resources will go. Growing development of technology seems to allow increasing amounts of these resources to be extracted. Thus, limits seem to be farther and farther in the distance, especially if a person starts out with an optimistic bias. It is easy to get this optimistic bias, […]

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If Hillary Clinton Is Charged With Obstruction Of Justice She Could Go To Prison For 20 Years

In the world of politics, the cover-up is often worse than the original crime.  It was his role in the Watergate cover-up that took down Richard Nixon, and now Hillary Clinton’s cover-up of her email scandal could send her to prison for a very, very long time.  When news broke that the FBI has renewed its investigation into Hillary Clinton’s emails, it sent shockwaves throughout the political world.  But this time around, we aren’t just talking about an investigation into the mishandling of classified documents.  I haven’t heard anyone talking about this, but if the FBI discovers that Hillary Clinton […]

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The dangerous scheming of stupid politicians

There is growing speculation that the Governor of the Bank of England, Mark Carney, will not extend his term. Carney originally agreed to a five-year term, which would end in 2018, but it had been thought he might extend to the more usual eight years for a Bank of England governor. This is now looking increasingly unlikely. Carney has come under fire from pro-Brexit politicians for warning that Brexit is likely to increase inflation and unemployment and reduce economic growth. They accuse him of “talking down” the UK. This is some chutzpah, from politicians whose incompetence and arrogance has stunned […]

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Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’

BullionStar In the Netherlands we have a financial newspaper that prints on pink paper and is named “Het Financieel Dagblad”. Basically it’s the Dutch equivalent of the Financial Times. A few weeks ago I was interviewed by two of their reporters, Joost van Kuppeveld and Lenneke Arts. Today the interview was published as part of a series of interviews with gold experts, among others, with myself and Aerdt Houben, Director Financial Markets at the Dutch central bank (DNB). Perhaps not surprisingly I disagree with several statements of Houben in his interview, to which I would like to respond in a […]

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Will Barack Obama Delay Or Suspend The Election If Hillary Is Forced Out By The New FBI Email Investigation?

Just when it looked like Hillary Clinton was poised to win the 2016 election, the FBI has thrown a gamechanger into the mix. On Friday, FBI Director James Comey announced that his agency has discovered new emails related to Hillary Clinton’s mishandling of classified information that they had not previously seen. According to the Associated Press, the newly discovered emails “did not come from her private server”, but instead were found when the FBI started going through electronic devices that belonged to top Clinton aide Huma Abedin and her husband Anthony Weiner.  The FBI has been looking into messages of […]

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How Will the Outcome of the Election Affect Wall Street?

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Michael Rivero of WhatReallyHappened.com as he shares his unfiltered insights on the home stretch of the upcoming election. He’ll also give us his thoughts on what could happen in the financial markets in the wake of the election results. Don’t miss a highly entertaining and informative conversation with Michael Rivero, coming up after this week’s market update. Precious metals markets are showing some signs of perking up as weaker-than-expected economic data continues to come in. On Thursday, durable goods data showed that demand for machinery […]

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The Paradox of Thrift

My housekeeper has a nicer car than me. Now, granted, 75% of America probably has a nicer car than me. I’m driving a car that, while only four years old, looks like it’s going on 20 because my kids have utterly destroyed it. The entire backseat looks like a Jackson Pollock painting of assorted stains and magic marker doodling. On the flip side, the car is paid for so I refuse to pay a single nickel to get it fixed up until my kids are older. I don’t even like paying to have it cleaned because I know that it […]

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Apostate Evangelicals Are Poised To Become The Deciding Factor In A Hillary Clinton Election Victory

If you look at the numbers, there is no way that Hillary Clinton could possibly win the election without the support of a substantial percentage of evangelical Christian voters.  In fact, if evangelical Christians stuck together they could pretty much elect whoever they want as president.  According to the Pew Research Center, 35 percent of all adults in the United States identify themselves as “evangelical” or “born again”, and it has been estimated that there are  94 million evangelical Christian adults in this country.  If evangelical Christians acted as a single voting block they could determine the outcome of every […]

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The Chinese Yuan and a Global Tipping Point

Every market cycle has 1 to 2 macro drivers at the heart of its regime. We call these the fulcrum points. Keep an eye on the fulcrum and you’ll know when a major cyclic turn is underfoot. The fulcrum point for the current cycle is without a doubt the US dollar (UUP). The dollar is sitting on top of a $ 9-$ 11 trillion powder keg of foreign carry trades — essentially short dollar positions. And the torch that’s likely to set off this powder keg of deflation is the Chinese yuan (FXI). A depreciating yuan equals a stronger dollar. […]

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