water crisis

Sherwood Ross – The Water Crisis is Here

From Brazil to India and from California to Detroit, taps are running dry, as the water crisis goes global. Detroit grabbed headlines when the city cancelled the water and sewerage service for more than 50,000 residents for lack of payment. But Detroit’s trials are not unique. “Caught between unaffordable rising water rates and the imposition of European-wide austerity measures, thousands …

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Orwellian Global Economy? “Backwardation”, Negative Interest Rates and the Gold Market – Bill Holter

We live in a truly messed up and Orwellian world if you will.  In many parts of Europe, interest rates are negative.  Savers “pay” for the privilege of banks to hold their money, lenders pay sovereign treasuries to lend, new homeowners who borrow to buy property are paid to borrow.  This situation where borrowers get paid and lenders pay also exists …