Debt Rattle August 20 2018

[Raúl Ilargi Meijer]

Henry Bacon General View of the Acropolis at Sunset 1927(?)   • It’s Not Turkey, It’s The Debt Cycle (Steen Jakobsen) • Turkish Firms, Government
[See the full post at: Debt Rattle August 20 2018]

[John Day]

I am working with the hypothesis that the Chinse Yuan peg to gold has been negotiated last Friday, and will no longer be contested/ The Friday graph shows an eerie straight line climb of $7-8/oz in the last 150 min, upon which nobody comments (like WTC #7). That has held this morning. The CNY peg appeared to be around 8200 CNY per oz. and was embattled all last week, though China can clearly hold it, and the battle is now off. I have been following this on my blog since 8/11/18 Gold Peg War. http://www.johndayblog.com/
Look at Kitco gold http://www.kitco.com/charts/popup/au24hr3day.html
Look at Gold Price China https://goldprice.org/gold-price-china.html
The bottom is in for gold, and the Chinese Yuan is fixed to it arouns 8100 – 8200 CNY/oz.
You have been informed. The world will notice. The “players” already know. I think leg 2 of 2008 is ready to go, but will it be before or after November elections?

[V. Arnold]

Shit life syndrome.
Drug and alcohol abuse; junk food diets.
Jobs better suited to robots; repetitive, boring, and high expectation of through-put.
Lifestyles that are the antithisis of a long and healthy existence.
In my experience, the only solution is individual action after thoroughly understanding the/ones actual situation.
I do not believe there is, any longer, a collective solution. That time is passed…
To reiterate; in my experience one must thoroughly understand the problem; generally that also makes the solution apparent.
My heart goes out to all people affected; for they were not taught how to deal with problems in the daily life; economics, money, debt, actual affordability, budgeting; and most importantly, critical thinking skills.

[zerosum]

“…So, it all makes sense now, Make America Great Again really means destroying the countries underneath the BRI. Just look at what the US is doing to Turkey this month….”

Which countries are fighting back?

Who are supplying the weapons?

MAYBE a different weapon
https://www.hhs.gov/opioids/about-the-epidemic/index.html

[zerosum]

Here some info to help you find the suppliers of opiods

The Opioid Epidemic: the No. 1 Cause of Death for Americans Under Age 50

Prescription opiate painkillers are responsible for 1.9 million Americans being addicted to drugs. This is more than the number of adults who are addicted to cocaine and heroin combined. Many people who abuse opioid drugs, whether types that are illegal or legal, report using multiple substances regularly, especially alcohol, cocaine and prescription opioid painkillers.

[davefairtex]

Gold * CNY/USD is not moving sideways, at least not that my mediium-term chart shows. It is showing a smaller trading range than some other things since 2016 – but so is GC * GBP.

Something to watch though.

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