Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden. Today, no one is scoffing, and lithium is being viewed as our new super-mineral that will catapult us firmly into the next century.
Move Over Oil – Lithium Is The Future Read More »
Britain’s vote to exit the European Union (Brexit) on Thursday shocked not only the financial markets but especially rankled the establishment elite including the banksters, politicos and media. The rhetoric sounded like a repeat of the 2014 Scottish Referendum (See: Separatist Forces Growing in Europe) where they spent the weeks leading up to the vote sounding a bit like “Chicken Little” with their predictions that the sky would fall if Britain chose to leave the E.U. (or Scotland left the U.K.) It is interesting to note that the bank stocks were among the hardest hit in the post vote mayhem.
Brexit: Britain Defies the Odds and Chooses Independence Read More »
A referendum is being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union (EU). Polls currently indicate a bias for the leave scenario. However, Great Britain’s wagering markets continue to show a bias toward the stay scenario.
Brexit: Will They Stay Or Will They Go? Read More »
After a precipitous drop in November 2015 gold bottomed near $1,000/oz in December. But then in January and February everything changed. Gold went from a “Barbarous Relic” to a store of value and gold once again staged a major rally of about 20%. Shooting it back into the public eye.
Gold is Back in the LimeLight Read More »
Has oil seen the bottom? Where oil will be by Christmas 2016? Are lower oil prices a boon or bane for the economy? Will Electric Cars and Uber hurt or stimulate the economy? In an exclusive interview, Oilprice.com talked to award-winning economic commentator Mike “Mish” Shedlock about all this and more.
Mish on Oil, Lithium, Uber and More Read More »
In June 2015, when real estate billionaire Donald Trump announced that he was joining the host of candidates for the Republican Nomination for President he was considered to be either a “long shot” to gain the nomination or a joke. But on Thursday May 26th, the Associated Press announced that Billionaire and Republican presidential candidate Donald Trump has reached the magic number of delegates necessary to clinch his party’s nomination. The development comes after a small number of unbound Republican delegates told the AP that they would support Trump at the Republican National Convention this summer.
Trump Reaches Magic Number of Delegates Read More »
Traders who follow the price of gold and silver, should keep an eye out on the U.S. dollar index. Once the dollar starts to show signs of increased volatility (top) similar to 2000 – 2001 money will find its way into other currencies and precious metals as the new trade and safe haven.
Commodities Overtake Stocks and Bonds with Best Rally Since 2010! Read More »
In his first inaugural address, Thomas Jefferson said the purpose of government is to “restrain men from injuring one another” and “shall leave them otherwise free to regulate their own pursuits of industry and improvement.” Americans were to live under a presumption of freedom. A recent WSJ article said, “It was our boast that in America, unlike in any other country, you could live your life as you saw fit as long as you accorded the same liberty to everyone else.” But all that has changed now.
The More Corrupt the State, the More Numerous the Laws Read More »
Unfortunately, as soon as you put someone in control of the distribution of wealth… greedy, power-hungry individuals will gain control of it and take the majority share for themselves and their friends. Also as soon as you centralize the means of production it becomes inefficient and produces less… making everyone poorer. A lesson learned from the former Soviet Union (i.e. Soviet Socialist Republic): When the government mandated that a factory produce 1 million nails a month they produced a million tiny worthless nails. So the government mandated that they produce 100,000 pounds of nails so they produced 100,000 (equally worthless) 1 pound nails. On the other hand, a truly capitalist factory must produce what the consumer wants or it will go out of business.
Why America is no Longer a Free Capitalist Country Read More »
“What I have seen in the socialist country of Caracas, Venezuela,” Luke Rudkowski of WeAreChange wrote following his recent trip to the country, “has really rocked me to my core. “The government spends their resources on gun-free zones, no smoking areas, permits for everything, making sure people can’t protect and arm themselves, social planning, price controls on basic necessities that makes them nonexistent, bank controls so you can only take out $1 from an ATM, and you virtually have to wait in line for everything.
The Socialist Time Capsule Read More »
