Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56761 Thu, 21 May 2015 14:17:55 GMT Global "Missing Inflation Mystery" Risks Making Central Bankers Bystanders http://implode-explode.com/viewnews/2015-05-21_GlobalMissingInflationMysteryRisksMakingCentralBankersBystanders.html ... central banks have repeatedly overestimated inflation since the middle of 2011, according to Marvin Barth, head of European foreign-exchange strategy at Barclays Plc in London. To him, a mounting concern is that about a third of the decade-long decline in worldwide inflation is potentially inexplicable.

If he's right then what he calls "global missingflation" threatens the ability of Yellen and company to push up prices and raises questions over whether they will ever be able to declare mission accomplished and truly end their use of easy stimulus.

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[In Barth's research, ] once he allowed for traditional drivers of prices such as demand or productivity, he found 35 percent of the slide in global inflation hard to pin down. Among the possible reasons could be deleveraging, technological progress, globalization, aging populations or China's deflationary impulse.

... the inflation puzzle is a reason for central banks to worry about the power of policy and may leave them reliant on factors over which they have less control such as commodities, currencies or wages to propel prices. Worse still is the risk that financial markets and the public lose faith in policy makers to control inflation. The inflation expectations of both over the next five years may start to suggest such doubts.

Of course this will continue to be a "mystery" as long as central bankers refuse to factor in asset inflation and other day-to-day expenses in the real world, such as financing costs.

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iehi-feed-56759 Thu, 21 May 2015 14:06:34 GMT ‘Shale-ionaires' Suffering from Wave of Bankrupt Oil Drillers - Bloomberg Business http://implode-explode.com/viewnews/2015-05-21_ShaleionairesSufferingfromWaveofBankruptOilDrillersBloombergBusi.html iehi-feed-56737 Mon, 18 May 2015 16:22:19 GMT Doug Noland - Today's New Paradigm http://implode-explode.com/viewnews/2015-05-18_DougNolandTodaysNewParadigm.html iehi-feed-56736 Mon, 18 May 2015 16:06:09 GMT Peak Of Bakken Oil Production Signals Collapse Of U.S. Economy? http://implode-explode.com/viewnews/2015-05-18_PeakOfBakkenOilProductionSignalsCollapseOfUSEconomy.html iehi-feed-56735 Mon, 18 May 2015 16:05:16 GMT The Triffin Dilemma http://implode-explode.com/viewnews/2015-05-18_TheTriffinDilemma.html iehi-feed-56734 Mon, 18 May 2015 16:00:44 GMT Gold Jumps Despite Stronger Dollar As Grexit Gets Ever Nearer, Futures Flat http://implode-explode.com/viewnews/2015-05-18_GoldJumpsDespiteStrongerDollarAsGrexitGetsEverNearerFuturesFlat.html iehi-feed-56726 Sat, 16 May 2015 13:33:23 GMT Bond turmoil signals new era of return-free risk http://implode-explode.com/viewnews/2015-05-16_Bondturmoilsignalsneweraofreturnfreerisk.html iehi-feed-56724 Fri, 15 May 2015 21:26:30 GMT Ray Dalio: "If You Don't Own Gold, You Know Neither History Nor Economics" http://implode-explode.com/viewnews/2015-05-15_RayDalioIfYouDontOwnGoldYouKnowNeitherHistoryNorEconomics.html iehi-feed-56723 Fri, 15 May 2015 21:25:49 GMT The Next Gold Bull Market Starts Before October - Jeff Clark http://implode-explode.com/viewnews/2015-05-15_TheNextGoldBullMarketStartsBeforeOctoberJeffClark.html iehi-feed-56721 Fri, 15 May 2015 20:23:36 GMT Flash Crash Scapegoat Nav Sarao Complained More Than 100 Times to Regulators About The Real Market Manipulators http://implode-explode.com/viewnews/2015-05-15_FlashCrashScapegoatNavSaraoComplainedMoreThan100TimestoRegulator.html iehi-feed-56720 Fri, 15 May 2015 20:21:15 GMT You Can't Read the TPP, But These Huge Corporations Can http://implode-explode.com/viewnews/2015-05-15_YouCantReadtheTPPButTheseHugeCorporationsCan.html So who can read the text of the TPP? Not you, it's classified. Even members of Congress can only look at it one section at a time in the Capitol's basement, without most of their staff or the ability to keep notes.

But there's an exception: if you're part of one of 28 U.S. government-appointed trade advisory committees providing advice to the U.S. negotiators. The committees with the most access to what's going on in the negotiations are 16 "Industry Trade Advisory Committees," whose members include AT&T, General Electric, Apple, Dow Chemical, Nike, Walmart and the American Petroleum Institute.

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iehi-feed-56715 Fri, 15 May 2015 14:17:57 GMT SEC a stumbling block in banks' forex guilty pleas: sources http://implode-explode.com/viewnews/2015-05-15_SECastumblingblockinbanksforexguiltypleassources.html iehi-feed-56713 Fri, 15 May 2015 14:11:28 GMT Germans pile into gold amid Greek eurozone default fears http://implode-explode.com/viewnews/2015-05-15_GermanspileintogoldamidGreekeurozonedefaultfears.html iehi-feed-56712 Fri, 15 May 2015 14:04:10 GMT The Real Reason China Is Buying Up The World's Gold [MUST READ] http://implode-explode.com/viewnews/2015-05-15_TheRealReasonChinaIsBuyingUpTheWorldsGoldMUSTREAD.html [Once it opens the SGE Gold-Yuan pricing mechanism", if China increases the number of yuan required to buy a troy ounce of gold, for example, the USA must allow the dollar gold price to rise with it. If not, the yuan will fall against the dollar. In other words, China will determine the value of the US dollar on world markets, not the USA. That shifts the power and leverage away from Washington DC and toward Beijing, and will have a dramatic effect on the financial strength of the US government.

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Once China has enough gold, it will bid up the yuan-denominated price into the stratosphere. Once it does that, there are only three choices [For the US]. (1) Maintain credibility and the reserve currency status by refusing to change the price of US dollar denominated gold. If it does that, domestic industries will be crippled by Chinese competition, because the yuan will become very cheap in relation to the dollar. (2) Allow the dollar denominated price of gold to skyrocket in synch with the yuan denominated price. That will end the US dollar's reserve currency status. (3) Kow-tow to Beijing, seeking a seal of approval from China for any serious financial maneuvers.

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iehi-feed-56703 Wed, 13 May 2015 16:32:22 GMT China IMF accounts adjustment could lead to new gold reserve announcement http://implode-explode.com/viewnews/2015-05-13_ChinaIMFaccountsadjustmentcouldleadtonewgoldreserveannouncement.html iehi-feed-56702 Wed, 13 May 2015 16:31:07 GMT China's Silk Road Economic Project Will Include Gold http://implode-explode.com/viewnews/2015-05-13_ChinasSilkRoadEconomicProjectWillIncludeGold.html gold-backed virtual currencies are coming out.]]> iehi-feed-56700 Wed, 13 May 2015 15:13:11 GMT BitGold begins trading on TSX Venture Exchange as gold transaction platform builds momentum http://implode-explode.com/viewnews/2015-05-13_BitGoldbeginstradingonTSXVentureExchangeasgoldtransactionplatfor.html Roy Sebag and Josh Crumb started their business with one simple guiding principle. "We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card," Sebag said in an interview. "It went from being a hobby of how to do that to this whole company."

Investors will start to get a better look at their vision on Wednesday, as shares of BitGold Inc. begin trading on the TSX Venture Exchange. It is the culmination of several years of hard work by the founders, and is being backed by George Soros, Sprott Inc. and other big-name financiers. The company has a valuation of more than $30 million...

"It is a complicated (structure). But for the user -- and this is the main thing -- it's just Paypal with gold. It's a nice clean interface," Crumb said.

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iehi-feed-56696 Tue, 12 May 2015 14:05:16 GMT Bank parents or main units seen pleading GUILTY over FX Manip http://implode-explode.com/viewnews/2015-05-12_BankparentsormainunitsseenpleadingGUILTYoverFXManip.html iehi-feed-56691 Tue, 12 May 2015 13:54:38 GMT Ruble-yuan settlements booming, set to reshape global finance http://implode-explode.com/viewnews/2015-05-12_Rubleyuansettlementsboomingsettoreshapeglobalfinance.html iehi-feed-56680 Sun, 10 May 2015 13:43:06 GMT China cuts interest rates for third time in six months as economy sputters http://implode-explode.com/viewnews/2015-05-10_Chinacutsinterestratesforthirdtimeinsixmonthsaseconomysputters.html