Three weeks after a meeting between the countries who signed the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which was ditched by US, French, British and German officials said the trade mechanism which was proposed last summer – designed to circumvent both SWIFT as well as US sanctions banning trade with Iran – called Instex, is now operational.
Martin Katusa was interviewed by Future Money Trends, and he’s been the one man who’s been dead-on when it comes to gold predictions! Katusa is the top name in the resource sector and not a deal goes public without crossing his desk, although most never see a check from him because he’s known as the most disciplined speculator in the venture markets.
If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening. According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number that is needed just to keep up with population growth.
Berkshire Hathaway Vice Chairman Charlie Munger recently warned against the Federal Reserve’s unbridled money printing. The central bank is going to end up turning the United States into Venezuela with an exponential inflation rate if they continue to print money to cover the government’s excessive spending.