China sees new world order with oil benchmark backed by gold- Nikkei Asian Review

KW: “China’s move will allow exporters such as Russia and Iran to circumvent U.S. sanctions by trading in yuan. To further entice trade, China says the yuan will be fully convertible into gold on exchanges in Shanghai and Hong Kong.” The move indicates that China is leading the world back to something reminiscent of a gold standard….

The Coming Bear Market? by Robert J. Shiller – Project Syndicate

KW: The latest warning from the financial establishment comes from Nobel Prize winner, Robert Shiller of Yale University. Shiller is known as the co-inventor of the Case-Shiller Index of housing prices which he used to predict the housing market collapse before it happened in 2007. But, he is also the inventor of the CAPE ratio (cyclically…

Bill Gross: “We Have Fake Markets Because Of The Fed”

KW: More lies and distortions from the guru? Repeating an argument he has made increasingly more forcefully over the past few years, former bond king, Bill Gross, now at Janus Henderson where he oversees the $2.1 billion Unconstrained Bond Fund, said late on Monday that financial markets are artificially compressed, in the process distorting capitalism because of…