- IMF bombshell: Age of America nears end
By Brett Arends, MarketWatch
Commentary: China’s economy will surpass the U.S. in 2016
BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed. For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think. According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now. Put that in your calendar.
It provides a painful context for the budget wrangling taking place in Washington right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
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- Gold & Silver Forecast
The US Government, JPM and HSBC are all in there strongly today trying to manipulate the market says Bob Chapman of the International forecaster , tomorrow is the gold and silver option expiration and it’s about 30 to 80 thousands contracts in the money, the criminals at the COMEX are going to have to put up with very heavy buying gold and silver by Asian and Indian interests particularly China , they gonna have their hands full tomorrow…
- Is there a silver shortage in the open market? It appears to be the case. Demand for bullion is outstripping supply at the moment. APMEX (bullion supplier) now wants to buy US Minted bullion from anyone!
Apmex Starts Reverse Inquiry: Seeks To Buy “Any Quantity” Of Silver From Clients At $3 Over Spot
by Tyler Durden, ZeroHedge
Over the past hour Zero Hedge has been inundated with reader comments notifying us that Apmex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a “reverse ïnquiry” in which it will pay “you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!” and “We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!” So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], …