Signs Point to a Global Slowdown

Signs Point to a Global Slowdown

 

As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged.

This forecast is based on a better-late-than-never realization by the Fed that they are overtightening into fundamental economic weakness, followed quickly by a full-reversal flip to easing in the form of pauses on rate hikes in September and December.

Those pauses will be an admission the Fed sees no way out of its multiple rounds of QE and extended zero interest rate policy from 2008 to 2013 without causing a new recession. Once that occurs, inflation is just a matter of time. Gold will respond accordingly. Continue reading

China acquiring USA one company at a time

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What’s the best way for a country like China to exert its influence over the U.S. economy? Acquire American-owned companies like Chinese-owned Haier just did when they purchased General Electric’s (GE) appliance business for $5.4 billion.

So much for American independence and authentic Independence Day celebrations on July 4th.

America can no longer claim to be an independent nation when our manufacturing base is under foreign ownership or foreign control. After all, ownership equals control, and control equals sovereignty. We lose our sovereignty as a nation when foreign companies buy our land, factories, and companies.

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Kuhner: Obamatrade would destroy America

President Obama is on the verge of creating the New World Order. He is using Trade Promotion Authority — otherwise known as “fast track” — to pass his globalist dream: the Trans-Pacific Partnership, a sweeping 12-nation trade pact.

The TPP, however, is much more than about “free trade.” It is a deliberate attempt to create a new Pacific Union — a supranational entity modeled on the European Union. It is an embryonic political and economic union that, if implemented, would destroy U.S. sovereignty, flood America with unlimited immigration and subordinate the Constitution to an unelected, unaccountable international tribunal.

Yet, Republicans in Congress, who were swept into office to curb Obama’s imperial presidency, are betraying their voters — and their country. Continue reading