10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

The Price We Pay For De-Civilization

rome 2614952 640Negative Interest Rates Are The Price We Pay For De-Civilization -Zero Hedge
"Do central bankers really think negative interest rates are rational? Both Europe and Asia are now awash in $17 trillion worth of negative-yielding sovereign and corporate bonds, and Alan Greenspan suggests negative interest rates soon will arrive in the US. Negative interest rates are just the latest front in the post-2008 era of 'extraordinary' monetary policy. They represent a Hail Mary pass from central bankers to stimulate more borrowing and more debt, though there is far more global debt today than in 2007....

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MMT: When in Doubt, Print Money

america 3125467 640When in Doubt, Print Money -City Journal
"Advocates of Modern Monetary Theory want us to believe that debt doesn't matter and that government can spend endlessly. Eleven years ago, the 2008 financial crisis transformed politics, creating the conditions for a new crop of national-profile candidates who are throwing the old rules away, from Donald J. Trump to Alexandria Ocasio-Cortez. Now, insurgent academics have come forward with a seemingly elegant theory to revolutionize economics, underpinning the profligate spending impulses of many of these newly minted politicians.

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Geopolitical Tensions Boost Gold Prices

gold is money 2430051 640Gold edges higher as softer dollar, Gulf tensions lend support -Reuters
"Gold prices rose on Friday and were headed for their first weekly gain in a month, supported by a softer dollar, tensions in the Middle East and caution about Sino-U.S. trade talks, while palladium climbed to a fresh record peak. Spot gold was up 0.3% at $1,503.36 per ounce, up about 1% this week. 'A weaker U.S. dollar is giving gold a little bit of an upward drift,' said Michael McCarthy, chief market strategist at CMC Markets...

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Democracy Doomed the Money System

money 2033591 640Democracy Doomed the Money System -Bonner/Bonner And Partners
"The plain people vote. But insiders - the elite, the cronies, the Deep State - make the important decisions. And these few can increase their own wealth and power only by taking it from the many they are meant to serve - the public. And when they are in the 'Inflate-or-Die' trap, rarely are they willing or able to risk easing off from inflation. First, because it threatens their power (the masses want free stuff too). Second, because it slows the transfer of wealth in their direction (it curbs the government spending on which they rely).

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