Quote from Eddie George, Governor Bank of England in 1999, when BoE dropped 400 tones of Gold, 50% of the BoE’s gold on the market:
“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.”
“I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.“
Howard Buffett, 1948
Tanzanian Gold’s Buckreef On Course To Be A Significant Gold Producer, Says CEO Stephen Mullowney
April 30, 2021
Tanzanian Gold’s (TSX: TNX; NYSE: TRX) Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania, is on track to become the region’s newest gold mine, according to the company’s CEO Stephen Mullowney.
The project involves the re-development of the past-producing Buckreef underground gold mine operated by a state-owned mining company during the late 1980s. The mine closed in 1990 due to low gold prices and lack of working capital.
The Buckreef project area hosts over 1.2 km of continuous mineralization, with two key deposits: Buckreef Main, which is open in all directions, and Buckreef West. The company is also advancing work on four prospects: Buziba, 20 km east of Buckreef Main; Tembo, three kilometres southwest; Bingwa, four kilometres east; and Eastern Porphyry, one kilometre east.
Tanzanian Gold is in the process of de-risking and advancing the project through the ramp-up of an open-pit oxide pilot treatment plant currently running at 4.5 tonnes per hour to a much larger plant of 36 tonnes per hour for an expected annual production of 15,000 to 20,000 oz. of gold.
The company has commenced the tender process with prospective engineering, procurement, and construction service providers for the plant, with production targeted for the first half of next year from an open-pit mining operation.
By Greg Hunter’s USAWatchdog.com (5.1.2021 Saturday Post)
Journalist Alex Newman says the rule of law is disappearing in America. You can see it in the thug tactics of raiding the office of the President’s former attorney Rudy Giuliani to the election audit finally underway in Arizona that is sure to reveal massive ballot fraud. Newman contends, “This is one of the biggest stories out there, which is why you won’t find much of it on legacy propaganda media. . . . Arizona is ground zero. . . . If they find fraud, and I believe they have and will find more, that means all these races get thrown into question. I think it is very clear the election was stolen from Donald Trump by Joe Biden and company. . . . If the Democrats are in such a comfortable position right now, all they have to do is wait and they will have a one-party state very much like California. They know if they lose one seat in the Senate, all of that is suddenly in jeopardy. Then there is the possibility to reverse this and, even more significant, to hold some of these criminals accountable. Right now, we just saw the raid on Giuliani. We saw the raid on some of Trump’s attorneys. This is banana republic stuff. This is gangster government, but it’s also the behavior that they don’t have solid control. It is the behavior of people who are terrified if things turn the other way, and they could, that they are going to be in some very deep trouble.”
Too much debt + too much printing + velocity frozen = what?
Guess what happens when they stop giving money away for free?
A Record 34% Of All Household Income In The US Now Comes From The Government
April 30, 2021
Following today’s release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a modest jump in personal spending, which however was dwarfed by a record surge in personal income, to be expected in the month when Biden’s latest $1.9 trillion stimmy hit.
But while the change in the headline data was notable, what was far more remarkable was data showing just how increasingly more reliant on the US government the population has become.
We are referring, of course, to Personal Current Transfer payments which are essentially government sourced income such as unemployment benefits, welfare checks, and so on. In March, this number exploded to a mind-blowing $8.1 trillion annualized, which was not only double the $4.1 trillion from February, but was also $5 trillion above the pre-Covid trend where transfer receipts were approximately $3.2 trillion.
By Greg Hunter’s USAWatchdog.com
Michigan State Economics Professor Mark Skidmore revealed more than three years ago, there was $21 trillion in what he called “Missing Money” from government books. He’s doing some new number crunching surrounding public policy and the effects on the Covid 19 (CV19) pandemic. It’s all laid out in a brand new report. What he found is appalling. One big fact his research revealed is up to 100,000 lives could have been saved by using Hydroxychloroquine (HCQ). Instead, the medical community and the mainstream media trashed it and told people it was “dangerous” and it “did not work.” That was a total lie. Dr. Skidmore explains, “So, we have all these countries that used it, and a number of countries, such as the United States, that for some reason did not use it and actually prevented it . . . claiming it was unsafe. So, our estimate is if the U.S. just allowed it and made it widely available from the beginning, we could have saved 80,000 to 100,000 lives.”
Dr. Skidmore said medical officials such as Dr. Fauci, who serves as the director of the U.S. National Institute of Allergy and Infectious Diseases, knew HCQ worked well against Corona Virus. In fact, Dr. Skidmore goes on to point out, “There was a paper published in the Virology Journal in 2005 . . . this is the outfit that Dr. Fauci oversees . . . . So, their journal published this paper that said HCQ was effective in treating the Corona Virus. The people who authored this study had been a part of the CDC at the time. So, we have known this for a long time. . . .We also now know there are as many as 200 peer reviewed studies that say it is effective if taken early on when somebody gets sick. It’s pretty overwhelming evidence if you take it early on, it’s extremely effective.”
So so true and the visuals to prove it.
Warning Light Flashing Red
April 27, 2021
When the warning light is flashing red, it’s prudent to have a capital preservation strategy in place.
Not everyone has an IRA or 401K invested in the stock market, for those who do, the red warning light is flashing red: markets have reached historic extremes on numerous fronts.
Just like in 2000, proponents claim “this time it’s different.” Back then, the claim was that since the Internet would be growing for decades, dot-com stocks could go to the moon and beyond.
The claim the the Internet would continue growing was sound, but the prediction that this growth would drive stock valuations into a never-ending bubble was unsound.
Once again we hear reasonable-sounding claims being used to support predictions of a never-ending rise in stock valuations.