Russia Warns US In Unprecedented “Secret” Face-To-Face Meeting Over Syria, But What’s The Endgame? – 09.23.17

 

  • The moment the first Russian jet landed in Syria at the invitation of the Assad government in 2015, Putin placed himself in the driver’s seat concerning the international proxy war in the Levant. From a strategic standpoint the armed opposition stood no chance of ever tipping the scales against Damascus from that moment onward. And though US relations with Russia became more belligerent and tense partly as a result of that intervention, it meant that Russia would set the terms of how the war would ultimately wind down.
  • Russia’s diplomatic and strategic victory in the Middle East was made clear this week as news broke of “secret” and unprecedented US-Russia face to face talks on Syria. The Russians reportedly issued a stern warning to the US military, saying that it will respond in force should the Syrian Army or Russian assets come under fire by US proxies. 

Read more at:Russia Warns US In Unprecedented “Secret” Face-To-Face Meeting Over Syria, But What’s The Endgame?

Source: zerohedge.com…

Global Strategist Forecasts: “A Massive Unwind Of The U.S. Dollar Is Coming… You’re Going To See A Rush For Gold” – 09.22.17

 

  • Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He’s also a well known resource hedge fund manager who legendary investor Doug Casey has called one of the best market analysts he’s ever worked with. His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange.
  • This trend, according to Katusa in a must see interview with Future Money Trends, will only continue to weaken the U.S. dollar going forward and the result will be a massive capital flight to gold in coming years:

Read more at:Global Strategist Forecasts: “A Massive Unwind Of The U.S. Dollar Is Coming… You’re Going To See A Rush For Gold”

Source:shtfplan.com…

Why Economic Data No Longer Matters – 09.21.17 

 

  • Back in mid-2009, we said that with the Fed and central banks nationalizing capital markets, macro and even micro data and newsflow will matter increasingly less and less, and the only thing that does matter is the Fed’s weekly H.4.1 statement, showing the changes to the Fed’s balance sheet. It also means that so-called “data dependency” is a farce (it is, and has always been “Dow dependency”), and that the impact of incremental newsflow will shrink with every passing week until virtually nobody pays attention (we have largely reached this state now).
  •  Since then it has been entertaining to watch how one after another stoic trader and commentator has thrown in the towel on conventional market orthodoxy to adopt precisely this kind of “tinfoil” thinking, the latest example being Bloomberg’s macro commentator Mark Cudmore,

Read more at:Why Economic Data No Longer Matters

Source: zerohedge.com…

The Obamacare “Death Spiral”: Health Plans Now Cost Employers More Than A New Car – 09.20.17 

 

  • With the Graham-Cassidy Obamacare replacement now officially dead, it appears Senate Republicans will be unable to pass a repeal-and-replace bill before the Sept. 30 deadline announced by the Senate Parliamentarian arrives – though it’s impossible to rule out another long-shot plan gaining momentum in the coming days.
  •  After the deadline, Senate Republicans would need 60 votes for their repeal-and-replace bill, effectively killing the repeal-and-replace effort, at least for now.
  • As Republicans struggle to fulfill their campaign promises to the American people, the Wall Street Journal has published a report showing that rising premiums are forcing some small business owners to stop offering benefits, the latest sign that Democrats ignored Republican rhetoric about the bill’s job-killing potential at their own political peril.

Read more at:The Obamacare “Death Spiral”: Health Plans Now Cost Employers More Than A New Car

Source: zerohedge.com…

“This Is Where The Next Financial Crisis Will Come From” – 09.19.17

 

  • In an extensive, must-read report published on Monday by Deutsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen, and how the world could respond assuming it still has means to counteract the next economic and financial crash. In our first take on the report yesterday, we showed one key aspect of the “crash” calculus: between bonds and stocks, global asset prices are  the most elevated they have ever been.
  • With that baseline in mind, what happens next should be obvious: unless one assumes that the laws of economics and finance are irreparably broken, a deep recession and a market crash are inevitable, especially after the third biggest and second longest central bank-sponsored bull market in history.

Read more at: “This Is Where The Next Financial Crisis Will Come From”

Source: zerohedge.com…

India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender – 09.18.17

 

  • Less than a year after India launched a shocking “war on cash” when on November 8, 2016 it unveiled a demonitization campaign in an effort to wipe out huge amounts of so-called ‘black money’ and streamline its largely cash-based economy, which however was called “a colossal failure which cost innocent lives and ruined the economy” by Rahul Gandhi earlier this month after it was revealed that 99% of the high denomination banknotes cancelled last year were in fact deposited or exchanged for new currency, even as India’s GDP tumbled to 2 year lows…
  •   … on Saturday, the Business Standard reported that while working on creating a legal framework for bitcoin and other digital currencies, the Indian government is considering launching its own bitcoin-like cryptocurrency.

Read more at:India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender

Source: zerohedge.com…

Is Google Coming For Your Cryptos – 09.17.17

 

  • The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers.  This is a double-edged sword and possibly indicates a shift in tax policy.
  • I don’t trust either Apple or Google at all.  The news from Coindesk about Apple and Google developing a payment API on the heels of multiple avenues of officaldom cracking down on cryptocurrencies is enough to give you whiplash.
  •  The work, started by the World Wide Web Consortium (W3C) with the help of Microsoft, Google, Facebook, Apple and Mozilla, is a tangible step forward for a currency-agnostic web payment standard first conceived in 2013. Equally, as bitcoin and other cryptocurrencies gain more momentum, the launch signifies the growing recognition of cryptocurrency as a payments technology.

Read more at:Is Google Coming For Your Cryptos

Source: tomluongo.me…