Economy

The Chinese know what's going on.

"After a couple of generations of US-dollar dominance, Americans have become lazy with our wealth. While we exploit our economic power by going into debt for fancy cars, big-screen TVs, and expensive smart phones, our creditors are steadily stockpiling gold."

"Unfortunately, many Westerners were selling into the Eastern demand. In fact, the stagnant spot price concealed a historic transfer of real wealth."

They're smarter than we are.

Gold manipulation impacts international trade.

"More recently all members of the Shanghai Cooperation Organisation, a common security and trading bloc led by Russia and China and incorporating the bulk of Asia’s land mass, have been accumulating gold. Between current SCO and future members (India, Iran, Afghanistan, Mongolia, Belarus and Sri Lanka), with their citizens numbering over 3 billion people, they have together cornered the global market for physical supply, without even taking account of demand from the rest of South East Asia’s gold-hungry population."

Western central banks have little left to sell.

China undermines dollar's reserve status.  China quietly accumulating gold.

Car brands are dropping like flies.

Unemployment unexpectedly fell to 7 percent in November, and 455,000 people entered the workforce, but 41 percent of those jobs were in government.

"Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month.
At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. (The overall national unemployment rate fell from 7.3 percent to 7.0  percent.)"

This is terrible news.

The spin that this one report means the economy is finally recovering is already out. It was like they already had the article written.

Streaming music sites dying because of copyright.