China fights a losing war against the “impossible trinity”… could be broke within a year

KW: From Jim Rickards newsletter, The “impossible trinity” is an economic concept developed by the great economist Robert Mundell in the early 1960s. Mundell said that a country could not have an open capital account, fixed exchange rate and an independent monetary policy all at the same time without causing a reserve crisis. The idea…

Gold Double-Slammed As ‘Traders’ Puke $3.5 Billion Notional Through Futures Markets | Zero Hedge

KW: No one has $3.5bn of real gold to sell but this graph shows just how desperate the central banker manipulators of the gold market are to ensure that gold does not become an alternative currency that ordinary people hold should the money system they manipulate falter with breakdowns following things like Brexit or an…

All Eyes On Monte Paschi, Whose Bailout Is Now In Doubt, And Italian Bank Sector Contagion

KW: All financial commentaries (including the ones supposedly posting Russian propaganda) have warned of a severe banking crisis should the Italian referendum fail, which it has. This is the first report on the possible outcome with the Euro having a hard time vs the USD Repeated from Zerohedge: As we noted last night, when we…

The governments plan to steal your money: The Deep State’s Attempt To Suppress India’s Gold Demand | Investment Research Dynamics

KW: Followers of markets will know that gold has been stuggling of recent months, indeed Harry Dent of Dent Research is actually saying ‘sell out now’ before its too late as gold is heading down to $700/once or lower in light of Indian governments moves lately. While the gold price has fallen below $1,200/once it…

A long and happy Retirement, well nearly. Is your financial adviser a danger to your wealth?

KW:  “a dangerous idea has taken hold in the financial services industry,” warns our trend follower Michael Covel. Your financial adviser may be the most dangerous person to your wealth. “Millions all over the world like you have been told that following it is the surest path to a comfortable retirement,” he says. Just one…