Continued Financial Market Deterioration Impacts Gold Eagle Sales In A Big Way – Excerpt: “While some of individuals believe that the Fed and U.S. Government will continue rigging the markets for the next decade or more, I believe we will witness a financial dislocation or black swan event within the next year.”
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Pension Cuts – Excerpt: “The Washington Post reports that the Treasury Department is on the verge of approving an application from the Central States Pension Fund – a plan that covers Teamster truckers in several states – to cut worker pensions by an average of 23 percent, and even more for younger retirees. Over 250,000 truckers and their families would be affected. Workers over 75, or those who have acquired a disability, would be exempt from the changes.” – Submitted by C.F.
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In 1 in 5 Families in the U.S., No One Works – “In 2015, there were 16,060,000 families with no member employed” – Submitted by B.B.
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BOJ Officials Are Said to Eye Possible Negative Rate on Loans – Excerpt: “Having adopted a negative interest rate on some excess reserves to penalize financial institutions for leaving money idle, the Bank of Japan may consider helping them lend by offering a negative rate on some loans, according to people familiar with talks at the BOJ.”
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China Launches Yuan Gold Fix To “Exert More Control Over Price Of Gold”
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