Bill Holter’s Commentary
Dave spoke of this yesterday on our weekly call for subscribers.
Following The Golden Rule: Iran & Venezuela Prime Examples Of Intrinsic Value Of Money Vs. Gold
August 11, 2018
Once again, gold has proved itself to be the most reliable safe haven as more and more citizens in countries hit by US sanctions are hoarding the metal in an effort to protect their savings from collapsing national currencies.
Rising demand for gold in Iran and Venezuela has sent prices for the precious metal to unprecedented levels while local currencies depreciate daily.
As of the end of July, gold prices in the struggling Latin American state saw a 3.1-million-percent increase against the beginning of the year, with an ounce of the yellow metal surging to 211 million bolivars ($1019,45). Venezuela is currently fighting the worst economic crisis ever, with the International Monetary Fund (IMF) expecting inflation to reach a colossal one-million percent by the end of 2018. The skyrocketing inflation that is unavoidably dragging down the Venezuelan bolivar is forcing people to buy up gold to keep their savings from disappearing.
Venezuela is currently the subject of various penalties imposed by the White House over alleged violations of human rights and of undermining democracy. Americans are banned from investing in newly issued Venezuelan bonds and the country’s state-run corporations. Caracas sees this “economic war” as one of the key reasons for longstanding crisis in the country.
At the same time, the latest decision by the US to partially re-impose sanctions on Iran has boosted demand for gold in that country, as its citizens are looking to protect their wealth against the devaluation of the national currency.
Bill Holter’s Commentary
It only took a moment for this article to click in mentally. I guess they will probably also study global warming on this mission…and make a stopover on the moon?
NASA Launches Historic Probe To ‘Touch Sun’
August 12, 2018
TAMPA (AFP) –
NASA on Sunday launched a $1.5 billion spacecraft toward the Sun on a historic mission to protect the Earth by unveiling the mysteries of dangerous solar storms.
“Three, two, one, and liftoff!” said a NASA commentator as the Parker Solar Probe lit up the dark night sky aboard a Delta IV-Heavy rocket from Cape Canaveral, Florida at 3:31 am (0731 GMT).
The unmanned spacecraft aims to get closer than any human-made object in history to the center of our solar system.
The probe is designed to plunge into the Sun’s atmosphere, known as the corona, during a seven-year mission.
It is protected by an ultra-powerful heat shield that can endure unprecedented levels of heat, and radiation 500 times that experienced on Earth.
– Strange veil –
NASA has billed the mission as the first spacecraft to “touch the Sun.”