A note of thanks to JGC for his support of our efforts.
A note of thanks to JGC for his support of our efforts.
Just in! Q says hi!
The following are links to articles on the topics from our Saturday talk. As always, I encourage our listeners to read for themselves.
It is up to those who know and care to lead. As Thomas Paine said, “These are the times that try men’s souls.” Nothing is guaranteed us.
Paul Craig Roberts
Trump’s surrender to the neoconservatives makes it impossible for an informed person to support him. He has signed off on the coup against democracy in Venezuela, and he has placed all life at risk by pulling out of the INF treaty with Russia.
The US has repeatedly backed the uprising against the left-wing government, and last November Bolton made a keynote speech calling for the “crumbling” of what he called the “Troika of Tyranny” – Venezuela, Nicaragua, and Cuba – saying the states represented a “a sordid cradle of communism in the Western hemisphere.”
After he returned to prominence under George W. Bush in yet another chapter of an unsinkable career, Bolton failed to dislodge Venezuela’s Hugo Chavez, the Sandinistas, or Cuba’s Fidel Castro (at one point, he accused Havana of developing biological weapons, without solid evidence). But as a man who with permission from Donald Trump now seems to be steering US foreign policy on dozens of key issues, Bolton has more resources than ever before to settle his lifelong ideological grudges.
February 20, 2019 “Information Clearing House” – It may seem oxymoronic, but President Trump is living proof that lunatics can think big. Not content with “only” threatening regime change in Venezuela, the American leader is expanding his mission to rid the Western hemisphere of socialism, with Cuba and Nicaragua next in line for US “salvation”.
In a particularly unhinged speech last weekend in Miami, Florida, Trump declared Venezuelan President Nicolas Madura a “Cuban puppet” and “failed dictator”. Trump denounced socialism with a verve that has not been heard from a US president since the depth of the Cold War more than 30 years ago.
A must watch video, or read, if you care about the Constitution.
Nightmare and insanity are akin: mysterious and involuntary states that skew and distort objective reality. One wakens from nightmare; from insanity there is no awakening.
Whether Americans live in the one state or the other is the paramount question of this era.
Will Nations act in their own best interests?
US demands China keep value of Yuan stable halt devaluations. According to sources close to the talks, the two sides are discussing how to codify language prohibiting currency manipulation in a memorandum of understanding that would form the outline of a deal.
Was the strong dollar policy used to suppress the price of gold?
Treasury Secretary Robert E. Rubin, taking a little air out of the rapidly rising dollar, suggested today that the Administration had ended its two-year-long effort to drive up the dollar against the world’s other major currencies.
US aid…is this for real? We couldn’t get aid to Puerto Rico, but to Venezuela no problem?
Trump plans to address the Venezuelan crisis during a gathering in Miami on Monday.
What can/should Americans do to right the wrongs?
The International Rogue Nation: America
In 2003, America (and its lap-dog UK) invaded and destroyed Iraq on the basis of lies to the effect that the U.S. (and UK) regime were certain that Saddam Hussein had and was developing weapons of mass destruction. These U.S. allegations were based on provable falsehoods when they were stated and published, but the regime’s ‘news’-media refused to publish and demonstrate (or “expose”) any of these lies. That’s how bad the regime was — it was virtually a total lock-down against truth, and for international conquest (in that case, of Iraq): it was mass-murder and destruction on the basis of sheer lies.
Debt? Who is the poster child for over spending?
Russia’s foreign exchange reserves can now cover all of the debt owed by both the government and domestic businesses, Russian President Vladimir Putin has announced.
Washington (AFP) – More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum.
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked back down each time. Very demoralizing. And now it’s gearing up for another try.
If you’re looking to understand why Gold continues to rally, you don’t have to look any further than the political arena where more and more politicians are calling for wealth taxes and cash grabs. Gold ALSO knows that Central Banks are trapped… and will be forced to turn on the money printing presses shortly.
The silver market is seeing a turn in fortunes as demand for physical bullion picks up, with the U.S. Mint selling out of 2018 and 2019 American Eagle silver coins. The mint issued a statement late Thursday saying they had run out of last year’s and this year’s dated one-ounce coins. “Market fluctuations have resulted in a temporary sellout of 2018 and 2019 silver bullion. Production at the Mint’s West Point facility continues and when sales resume, silver bullion will be offered under allocation,” the mint said.
– Last week, the United States national debt ticked above US$22 trillion for the first time, an amount equivalent to $67,000 per U.S. citizen
– The U.S. federal government owes more money than any other institution in the history of human civilization and it’s just getting worse
Below, a few factoids about just how eye-wateringly, bone-chillingly large the U.S. debt has become
– The U.S. debt is now higher than the combined market value of the Fortune 500 and just with the money it spends on interest, the U.S. could run Canada or Mexico
– Debt from one Trump term could pay for another WWII and all the gold ever mined would only pay off the debt accumulated under Obama
– All the gold in the world mined since the dawn of time adds to about 190,040 tonnes or 6.7 billion ounces. At the current per-ounce price of about $1,300, the world’s goal hoard worth over $8.5 trillion would be not enough to pay off the U.S. debt accumulated between 2009 and 2016
Newmont Mining Corp. (NEM – Get Report) shares jumped higher Friday amid reports that rival Barrick Gold Corp (GOLD – Get Report) is prepping a hostile takeover bid that would value the mining group at around $19 billion.
Cold war 2/0 only this time we may not be the winner
In his first major public address since the US formally pulled out of the INF arms-control treaty, Russian President Vladimir Putin warned on Wednesday that Russia would point its new arsenal of hypersonic missiles – which can purportedly bypass NATO’s ABM systems – directly at the US if it dares to reintroduce ground-based intermediate-range missiles to Europe.
Though Russia won’t deploy weapons preemptively, Putin said that if the US does place weapons in Europe, Russia will deliver an “asymmetric” response and target not only the host countries of those weapons, but “decision-making center” in the US (presumably Washington).
The Russian Defense Ministry has released the first video ever showing an underwater ‘field-test’ of the Poseidon, a huge robotic nuclear-capable mini-submarine with a miniature nuclear reactor.
Weekly police state up date. Wake up, everyone is being spied on. And don’t tell me you have nothing to hide!
Google could face a backlash over privacy after admitting that Nest users were not told about the existence of a microphone on their devices.
In Arizona this week, a state legislator named David Livingston stirred a controversy about DNA that may be a portent of privacy nightmares to come. A law he proposed would have forced many residents to give samples of their DNA to a state database, to be stored with their name and Social Security number.
Markets HA HA L.O.L. !
The Fed responds to the market, and the market responds to the Fed, until both are so attuned to each other that neither does anything. Today’s much-anticipated release of minutes from the January Federal Open Market Committee meeting revealed that the Federal Reserve would do… nothing.
Needless to say, it is very troubling that Americans are unable to afford home purchases with the 30% mortgage at just 4.5%, and suggests that even if inflation picks up, the Fed may have no choice but to keep rates flat to avoid a housing market crash.
Make America great again!!! It’s a fairy tail.
India is not expected to announce the winning bid until after a national election in May. Lockheed offered to move its F-16 production plant in Fort Worth, Texas, to India, if it wins the contract in a boost to Prime Minister Narendra Modi’s “Made In India” strategy to expand its Air Force and defense sector industry.
5 G this week.
“Putting in tens of millions of 5G antennae without a single biological test of safety has got to be about the stupidest idea anyone has had in the history of the world.”
As I had expected and published to you, the leadership of Tanzania
is truly anti-corruption, reasonable minded and pro free market business in a mutually fair setting.
My sincere congratulations to the leadership of Tanzania and of Barrack Gold on this extremely important step forward.
TZ, Barrick Agree On Plan To Settle Acacia Dispute
February 20 2019
Tanzanian President John Magufuli with Barrick Gold’s chief operating officer for Africa and Middle East Mr Willem Jacobs at State House Dar es Salaam on February 20, 2019. PHOTO | TANZANIAN PRESIDENCY
Tanzanian authorities and Canadian miner Barrick Gold say they have worked out a plan to settle the disputes between the government and Acacia Mining Plc.
The announcement followed a meeting between President John Magufuli and Barrick’s chief operating officer for Africa and Middle East Mr Willem Jacobs at State House Dar es Salaam on Wednesday.
“Everything is all set, we are now ready to move on,” Tanzania’s Legal Affairs minister Mr Palamagamba Kabudi said, adding that the implementation is set to begin before end of March.
London-listed Acacia has been engaged in a longstanding row with Tanzania over tax evasion, breach of environmental regulations, among other issues.
In October 2017, Barrick, which holds a 63.9 percent stake in Acacia, agreed to a $300 million payment to resolve the tax claims, set up a local operating firm in Tanzania, and share Acacia’s economic benefits with the government on a 50-50 basis.
Acacia has three mines in northern Tanzania – Bulyanhulu, Buzwagi and North Mara.
“Significant amounts of real value have been destroyed by this dispute and, in Barrick’s view, this proposal will allow the business to focus on rebuilding its mining operations in partnership with their respective stakeholders,” Barrick said in a statement.
The detailed proposal between Barrick and Tanzania will be presented to Acacia, which has independent directors.
I believe in the following nine rules as fundamental truths.
1/ Foundation of law is the Constitution of the Nation.
2/ Law rises from the Constitution.
3/ Rule of law is the key ingredient to National success.
4/ Free markets are an absolute must.
5/ Free markets must eliminate unfair computer games and manipulators, plus front runners, especially the standing government.
6/ The Federal Reserve is the major manipulator in all things now.
7/ Free markets are the basis of capital creation, not casino.
8/ Without Free Markets capital creation dies.
9/ Without capital creation the nation dies.
I am not a capitalist. That notion eventually kills the creation of capital as above explained.
Economics is natural law and can never be eliminated but, yes, delayed.
Delaying the economic natural law destroys the fabricate of business.
Destruction of the fabric ate of business results in very long term consequences.
Democracy is a dream of the Greeks that has never happened there or anywhere else.
This is my personal belief, and does not necessarily reflect the beliefs of my associates.
The following are links to articles on the topics from our Saturday talk. As always, I encourage our listeners to read for themselves.
“War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
Trump could not have become America’s President if he had not won the “vote” of his nation’s second-largest political donor in 2016, casinos-owner Sheldon Adelson.
In publicly recorded donations, as of 25 December 2018, Adelson and his wife donated $82,522,800 to Republican candidates
On the Democratic Party side, the largest 2016 donor was the largest of all political donors in 2016, the hedge fund manager Thomas Steyer, $91,069,795.
Tech; Are we so spied on, there is now no way out? They own us!
A key question that bears repeating is, should humans worry about their inept, bloodthirsty leaders handing over the reins of the war machine to… a war machine?
Boeing stock price 2003 25 dollars 2019 410 you do the math. This is the problem with appointing someone with “this deep of a conflict,” says Mandy Smithberger of the Project on Government Oversight’s Center for Defense Information. She told Politico that after Shanahan spent his entire career at Boeing, it would be “pretty close to impossible” for him to recuse himself from all Boeing-related matters.
Last October, the Trump administration pushed Iraqi officials to sign agreements with General Electric for multibillion-dollar power generation deals..
Police state? To serve and protect! The multi national corporations.
We’ve been railroaded into believing that our votes count, that we live in a democracy, that elections make a difference, that it matters whether we vote Republican or Democrat, and that our elected officials are looking out for our best interests. Truth be told, we live in an oligarchy, politicians represent only the profit motives of the corporate state, whose leaders know all too well that there is no discernible difference between red and blue politics, because there is only one color that matters in politics—green.
Multiple independent law enforcement experts, who agreed to review the incident, said the officers’ conduct was unlawful, potentially criminal, and one of the most cruel and troubling cases of police misconduct they’ve ever seen.
In addition to conducting a full and thorough check on the veteran’s body, the video also shows the federal agent checking Kolfage’s prosthetic legs and wheelchair, apparently for possible arms or explosives.
Shocked by the treatment of the most severly wounded airman in US history, the online community shamed TSA and united to express support for the veteran, who lost both his legs and his right hand in Iraq in 2004.
Laws once added almost never go away!
According to the Federal Register, 58 national emergencies have been declared since the National Emergency Act of 1976 was signed into law by President Gerald Ford…and 31 have been annually renewed and are currently still in effect, as listed in the Federal Register.
Here’s a list of the presidents who declared still ongoing national emergencies.
Venezuelan people have legitimate grounds for taking to the streets to protest against their president in times of hardship, but the French people do not. No siree! To add insult to rubber bullet injury, Emmanuel Macron, the man who has triggered the biggest protests in France for over half a century, has the gall (no pun intended) to be right at the forefront of those supporting an un-elected leader in Venezuela, and all in the name of ‘democracy.’
They hate us for our freedom! Bulls#*t! They hate us because we gassed them during Saddam’s imposed war on Iran from 1980 to 1988, the Western governments provided the Iraqi regime with chemical weapons and sophisticated military equipment as well as strategic supports.
During Saddam’s imposed war on Iran from 1980 to 1988, the Western governments provided the Iraqi regime with chemical weapons and sophisticated military equipment as well as strategic supports.
WARSAW — Vice President Mike Pence used an American-convened conference on Middle East security to lash out at Washington’s three closest European allies on Thursday, accusing them of trying “to break American sanctions against Iran’s murderous revolutionary regime.”
Nothing better illustrates Washington’s opposition to democracy and self-determination than the blatantly public coup Washington has organized against the properly elected president of Venezuela
Fallar told lawmakers that China actively supports autocratic governments in Cuba, Nicaragua, and Venezuela, and employs predatory lending practices across the continent. He said Beijing has been instrumental in developing infrastructure such as a secret antenna located in the deserts of Patagonia.
Brian Weeden, a space policy and security analyst with the Secure World Foundation, indicated that the US military deploys antennas similar to the one in Argentina.
“Unless there is something specifically different about this, it’s a little bit of the pot calling the kettle black,” he said.
“To me, there is no specific piece of evidence other than it happens to be Chinese that signals that it is nefarious.”
The US dollar dying a thousand cuts.
More than 40 countries and international organizations, including China, Indonesia, and Israel, as well as some South American countries, have expressed interest in a free-trade deal with the EEU. The trade bloc has also held negotiations with South Korea, Egypt, and India.
Iran signed an interim agreement with the economic bloc last year, with a full-fledged agreement expected within three years.
US military scientists, hiding behind diplomatic activities, are testing artificially created viruses in Pentagon laboratories in 25 countries (countries of the former USSR (Azerbaijan, Armenia, Georgia, Kazakhstan, Moldova, Uzbekistan and Ukraine (three laboratories), Middle East, Southeast Asia and Africa ), exposing injections allegedly from dangerous pathogens and diseases to hundreds of thousands of people, and we, Kazakhstanis, have long been “guinea pigs.” If we recall the massive outbreaks of meningitis last year with fatal cases, as well as the deaths of hundreds a few saigak heads a few years ago, the emergence of foci of atypical diseases or those that have long been suppressed, then everything immediately falls into place.
I’ve always been fascinated by nuclear weapons and the self-destructive tendencies of mankind. I discovered that as many as 400,000 American soldiers and sailors observed nuclear explosions just a few miles from ground zero in more than 200 atmospheric tests conducted between 1946 and 1962. It was difficult to get a precise count of how many men were involved, because most information was classified
Now approaching nearly a year after the April 7, 2018 alleged chemical attack in Douma, Syria — which the White House used as a pretext to bomb Syrian government facilities and bases throughout Damascus — a BBC reporter who investigated the incident on the ground has issued public statements saying the “Assad sarin attack” on Douma was indeed “staged”.
War and the end of the hegemon.
It’s curious that references to a major Asian power can be found in Bible prophecies that foretell in Revelation 16:12 that “the kings of the east” must come. Basically, this means that China is going to play a major role in the end of time event that quite possibly will be a nuclear holocaust also know WWIII.
Britain’s new aircraft carrier will be sent to China’s backyard in a show of strength as President Xi’s government increasingly disputes Pacific waters. Meanwhile, just to make sure China is really pissed off, overnight two US warships sailed near islands claimed by China in the disputed South China Sea,
In response, Chinese Vice Premier Hu Chunhua cancelled scheduled trade talks with Britain’s finance minister Philip Hammond just “hours” after the remarks, Reuters revealed Thursday.
Japan wants Russian gas. It’s currently buying it as LNG from Yamal and shipping it via the Arctic Sea Route.
Prime Minister Shinzo Abe reiterated this position this weekend after signing a major agreement with German Chancellor Angela Merkel. At some point there is only so long you can hold countries as vassals. Their best interests eventually come to dominate the relationship.
The U.S. is feeling that now with Japan and Germany and it all because of Russia’s vast energy reserves and their ability to craft win/win relationships with everyone.
Markets & Economy
The US economy is struggling for two reasons: The scope for a powerful monetary and fiscal response is limited, and the current “leadership” under President Trump lacks the competence to adequately respond to a crisis, during an interview with Bloomberg in Dubai.
Congress should give the economy a bump. Once a slowdown begins, it will be too late.
Bill, you posted this. What it proves is that Wall Street and Main Street are miles apart.
In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.”
The US equity market brushed off a sharp and surprising plunge in December retail sales, the worst since the Great Financial Crisis of 2008-2009. The numbers were so bad that analysts were tempted to dismiss them as an anomaly, although the Commerce Department insisted that the government shutdown did not affect the collection of data, and the drop occurred through most major sectors.
Markets are all rigged?
Once again, the Federal Reserve has upended markets. Investors had been bracing for the Fed to keep raising interest rates and shrinking its vast portfolio of assets, the equivalent of tapping on the brakes of the United States economy. But this year, the central bank has signaled that it was backing off.
Dow futs closed over 600 points higher than the overnight lows on the crappiest week’s macro-economic data in 8 years!! “Goldilocks, my ass” as one veteran trader said.
Unfortunately, there is no America. There is nothing to make great again. “America” is a fiction, a fantasy, a nostalgia that hucksters like Donald Trump (and other, marginally less buffoonish hucksters) use to sell whatever they are selling … themselves, wars, cars, whatever. What there is, in reality, instead of America, is a supranational global capitalist empire, a decentralized, interdependent network of global corporations, financial institutions, national governments, intelligence agencies, supranational governmental entities, military forces, media, and so on. If that sounds far-fetched or conspiratorial, look at what is going on in Venezuela.
In a globalized world what is an American company and to they care more about Americans than any one else? So why is the US military, which we pay for, used as toll for these corporations?
What what about those American oil corporations? They want that Venezuelan oil, don’t they? Well, sure they do, but here’s the thing … there are no “American” oil corporations. Corporations, especially multi-billion dollar transnational corporations (e.g., Chevron, ExxonMobil, et al.) have no nationalities, nor any real allegiances, other than to their major shareholders. Chevron, for example, whose major shareholders are asset management and mutual fund companies like Black Rock, The Vanguard Group, SSgA Funds Management, Geode Capital Management, Wellington Management, and other transnational, multi-trillion dollar outfits. Do you really believe that being nominally headquartered in Boston or New York makes these companies “American,” or that Deutsche Bank is a “German” bank, or that BP is a “British” company?
“Starting my working life in a Swiss Bank in Geneva two years before Nixon’s fatal decision, I have experience of that fall of the dollar that the Chinese predicted. In 1970, there were 4.30 Swiss francs to the dollar. Today you get just under one Franc for one US$. That is a catastrophic collapse of 77% of the world’s reserve currency in almost 50 years. If we look at the graph of the dollar against the Swiss franc below, we can see that this currency pair has been in a long consolidation at the bottom since 1987.
CHINA PREDICTED IN 1971 “THE DECLINE OF THE CAPITALIST SYSTEM”
The People’s Daily is the most influential and authoritative newspaper in China. It has been the official voice of the central government of the People’s Republic of China for the last 71 years.
The paper declared in 1971 when Nixon closed the gold window: “These unpopular measures reflect the seriousness of the US economic crisis and the decay and decline of the entire capitalist system.”
The paper further stated that the measures “mark the collapse of capitalist monetary system with the US dollar as its prop” and that “Nixon’s new economic policy cannot extricate the US from financial and economic crisis.” The article predicted instead that the measures would intensify the crisis.
Italy’s populist de facto leader Matteo Salvini seems set on shaking Europe’s financial establishment to the core. One day after the Italian deputy prime minister and leader of the League party, called for the elimination of Italy’s central bank and the country’s financial regulator, Consob, saying the two institutions should be “reduced to zero.
So we may see negative interest rates in the US, meaning you earn more holding gold (nothing) than you do losing money in cash.
Deutsche Bank has agreed to pay nearly C$5.5 million to settle class-action lawsuits in Canada accusing the bank of manipulating the gold and silver markets, according to the Toronto law firm representing the plaintiffs.
Production of gold by South African mines retreated the most in six years in December as a strike at the nation’s top producer of the metal continued.
Gold output declined 31 percent from a year earlier, compared with a revised 14 percent drop in November, Pretoria-based Statistics South Africa said in a statement on its website Thursday.
A generation of the young with dead-end social and economic prospects, calling themselves “dirt spoons,” aimed to strike it rich. They’ve ended up with big losses.
JPMorgan Chase & Co. (JPM – Get Report) will issue the first ever cryptocurrency by a U.S. bank, marking a significant change in tack for CEO Jamie Dimon, who once threatened to fire any employee he found trading bitcoin.
The following are links to articles on the topics from our Saturday talk for subscribers. As always, I encourage our listeners to read for themselves.
This week on the war front, what do you think? Is it getting better?
Perhaps China really is preparing for World War III in the South China Sea, but at the end of the day, the body of water is just that – the South China Sea. If the US refuses to accept Beijing’s claim to its island-building project in the sea and fear the potential for China to project its military prowess into the ocean, then it must equally reject its own claim over the waterways of most of the planet and send its military bases packing back to where they came from.
We’re going to be there and we’re going to be staying. We have to protect Israel,” he replied when pressed by CBS reporter Margaret Brennan. “We have to protect other things that we have. But we’re – yeah, they’ll be coming back in a matter of time.” He did note that “ultimately some will be coming home.”
Outgoing IDF Chief of Staff Gadi Eisenkot this weekend acknowledged for the first time that Israel had indeed provided weaponry to Syrian rebel groups in the Golan Heights during the country’s seven-year civil war.
Former Arms Inspector, Scott Ritter.
Some observers are concerned that the current lineup of administration hotheads is so devoid of scruples that it might well be planning to either provoke or false-flag the United States into the longed-for war against Iran.
Retired Congressman, Ron Paul, likewise declared, “There’s no history to show that Iran are aggressive people. When’s the last time they invaded a country? Over 200 years ago!” Richard Falk, an emeritus Princeton professor and early advocate for Ayatollah Khomeini and later a UN official (and 9/11 conspiracy theorist), likewise repeated the trope.
“Russia and China are using Venezuela as a proxy conflict to challenge the U.S. This is more than just economic support. Russia and China are leveraging its economic support to establish a military-industrial presence in Venezuela,” Joseph Humire, executive director of the Center for a Secure Free Society, told Fox News recently.
All of this suggests amidst what some analysts have dubbed “a new Cold War” scenario that another Cuban Missile Crisis in America’s backyard could be around the corner.
Concerns are rising among rival claimants and others that China may soon use the burgeoning facilities in the area to impose an Air Defense Identification Zone (ADIZ) in the South China Sea, a move that would restrict the aerial and maritime access to the sea region.
One of the most important statements made during the meeting came from Lavrov who said that according to Russian information…“the United States has been violating the Treaty since 1999, when it started testing combat unmanned aerial vehicles that have the same characteristics as land-based cruise missiles banned by the Treaty.”
Are we, the US, missing out on global growth and partnerships because we want to be the ones in charge?
While China and Russia solidify their economic and political alliance, the U.S. is missing an historic chance to join a multilateral world, clinging instead to military empire, argues Pepe Escobar.
Threatening to sanction European nations for doing business with Iran under the terms of the 2015 international nuclear accord – which Trump unilaterally abandoned last year – has forced the Europeans to protect their own vital interests, which necessarily entails circumventing the US dollar system.
In short, the American rulers are unwittingly digging their own grave.
As Michael Hudson points out, the erstwhile US hegemony is entering into an accelerated decline, largely brought on by its own hubris and unilateral aggression – even towards supposed allies.
It seems that in order to avert this collapse of power, the US is amping up the aggression and militarism in a desperate bid to assert itself.
The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.
The end of America’s unchallenged global economic dominance has arrived sooner than expected,” wrote US political economist Michael Hudson in a recent cogent essay.
Hudson goes on to point out with copious irony how the “end of US monetary imperialism” has been accelerated by a rightwing former real estate magnate, President Donald Trump, surrounded by a cabal of Neocons in his White House administration.
In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”
As golden opportunities go, China’s Xi Jinping is being offered one that Asia’s biggest economy must not miss.
The opening in question is the gold-buying surge by the most powerful central banks. In 2018, in fact, they bought the biggest blocks of the yellow metal since Richard Nixon’s day.
The 651.5 tonnes they hoarded – spending nearly US$28 billion – was 74% more than 2017 and it was the most since 1971 when then-US President Nixon ended the gold standard.
Great interview you both did on Greg Hunter!
Stockman has been touting gold as a must-have insurance policy. Stockman says, “The essential attribute of gold is that it is a contra central bank asset. It’s the one asset that can’t be influenced, manipulated, created or destroyed, for that matter, by the central banks. It’s the one asset that history has proven, without a doubt, can retain its value regardless of the mayhem and financial disorder caused by governments. . . . Gold is the alternative asset to a bubble ridden financial system that is driven by the central banks.”
This additional gold supply, however, does not meet the global demand for gold. Twenty-five percent of gold is sourced from recycling, and most of that is used for jewelry and electronics. Mining new gold is expensive and can take decades, so recycled gold becomes extremely important. It is uncertain how much gold there is left to extract, although the US Geological Survey estimates the amount to be 57,000 tons. The fact that the available amount of gold is extremely finite means that its price will only rise.
Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good and store of value as much as an investment.
General Motors will begin laying off 4,250 North American salaried workers Monday morning as part of a sweeping restructuring announced in November that includes the closure of five plants and the elimination of 15,000 jobs. The plan includes the destruction of 15 percent of the company’s 54,000 North American salaried jobs.
The world’s largest pension fund – in the world’s most demographically-challenged nation – suffered a stunning record loss in the last quarter as its Abe-supporting domestic-stock-buying-spree crushed Japan’s Government Pension Investment Fund (GPIF).
Would this list represent Socialism?!
“America will never be a socialist country,” Trump said.
Here, in the United States, we are alarmed by new calls to adopt socialism in our country,” he said. “America was founded on liberty and independence — not government coercion, domination and control…Tonight, we renew our resolve that America will never be a socialist country.”
The U.S. national debt is wildly out of control, and nobody in Washington seems to care. According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt. In just a few days, that figure will cross the 22 trillion dollar mark. Over the last 10 years, we have added more than 11 trillion dollars to the national debt,
Your personal safety comes first.
First they came for….Does it scare you how we have demonized one group after another. Did we not see this in Germany?
Incarceration in the United States is one of the main forms of punishment and rehabilitation for the commission of felony and other offenses. The United States has the largest prison population in the world, and the highest per-capita incarceration rate
On Martin Luther King, Jr. Day, Slate’s Alvaro Bedoya published an article chronicling how the civil rights leader had been systematically surveilled, harassed and threatened by the United States government:
President Trump has proved himself adroit at creating villains to serve as his political foils. In his State of the Union address on Tuesday, he introduced a new one: socialists.
The third-ranking elected official in Virginia, Attorney General Mark R. Herring, acknowledged Wednesday that he had worn blackface at a party as an undergraduate student, deepening a crisis that has engulfed the state’s Democratic leadership.
No, neither Nicholas nor Tuttle had criminal pasts which might have justified a John Dillinger style takedown. Tuttle had no criminal record at all. Nicholas had a single (dismissed) bad check charge on hers.
The US Air Force recently put out a request for samples of DNA and RNA from Russians and people of Russian descent. Their reasons are unclear. This story, fairly predictably, has got very little coverage in the MSM…none, in fact. Vladimir Putin mentioned it in a speech, and there have been articles in the alternative media (The Duran and Zero Hedge have mentioned it, and some international networks such as RT, teleSur etc.)…but mainstream news? Totally silent.
This is not some “crazy conspiracy theory”, the request (pictured above) is publicly available on US government websites.
They would never do anything to harm us would they? Please take the time to watch this video! They did this to all of us without our consent…
Japanese artist Isao Hashimoto has created a beautiful, undeniably scary time-lapse map of the 2053 nuclear explosions which have taken place between 1945 and 1998, beginning with the Manhattan Project’s “Trinity” test near Los Alamos and concluding with Pakistan’s nuclear tests in May of 1998. This leaves out North Korea’s two alleged nuclear tests in this past decade (the legitimacy of both of which is not 100% clear).
In a medical hypothesis by Samuel Milham of Washington State Department of Health (2009) entitled “Historical evidence that electrification caused the 20th century epidemic of diseases of civilisation” Milham reveals that once Thomas Edison began electrifying New York City in 1880, the onward march of electrification correlated with sharp rises in cardiovascular disease, diabetes, suicide and cancer.
Whereas on farms and countryside areas which lagged a long way behind urban areas in acquiring electrification, incidences of such disease were barely ever seen. It was not until the 1950’s that the majority of US farms got hooked-up onto electrical power.
The following are links to articles and videos on the topics from our Saturday talk. As always, I encourage our listeners to read and watch for themselves.
Geopolitical turmoil. Yes, this is why we talk geopolitics.
What would war do to Gold over night?
China has unveiled a new intermediate-range ballistic missile that it claims can strike the US territory of Guam or its warships at sea. The show of strength comes as both countries square off over Taiwan.
I’m not predicting it, but wars have started over less. Currency wars, trade wars, finally shooting wars. We’re currently two-thirds of the way there. As Mick Jagger sang, a U.S.-China shooting war is “just a shot away.”
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich?
If it is not in your hands it is not yours!
The bank’s decision to seize – a polite word for steal – more than a billion dollars’ worth of Venezuelan gold was reported to have been ordered by the governor after a call from US National Security Advisor John Bolton and Secretary of State Mike Pompeo – not even the president himself.
Britain, France and Germany on Thursday launched a trade mechanism to bypass US sanctions on Iran, drawing praise from Tehran — and a warning from Washington.
Gold has been one of the most stable and trending assets over past 5-6 months. The shiny metal closed above the huge 1300 level two days ago, and is currently pushing highest levels since May last year. The trend channel since November lows is intact. Next big stop is at the 1350 level. It seems the story of gold giving and giving continues.
Where do you two think this is going????
WASHINGTON — The Justice Department unveiled sweeping charges on Monday against the Chinese telecom firm Huawei and its chief financial officer, Meng Wanzhou, outlining a decade-long attempt by the company to steal trade secrets, obstruct a criminal investigation and evade economic sanctions on Iran.
The pair of indictments, which were partly unsealed on Monday, come amid a broad and aggressive campaign by the United States to try to thwart China’s biggest telecom equipment maker. Officials have long suspected Huawei of working to advance Beijing’s global ambitions and undermine America’s interests and have begun taking steps to curb its international presence.
Trumps picks. Who are they? Bolton-Pompeo-Abrams….
First they came for and killed and destroyed Yugoslavia, Afghanistan, Iraq, Libya, Syria, Yemen, and now Venezuela!
Do you think the same powers/They who have crushed all the Humans in the above country’s would have any qualms about doing the same to any one in this country who gets in there way?
Take Roger Stone, one of President Trump’s longtime supporters, for example.
This is a guy accused of witness tampering, obstruction of justice and lying to Congress. As far as we know, this guy is not the kingpin of a violent mob or drug-laundering scheme. He’s been charged with a political crime. So what does the FBI do? They send 29 heavily armed agents in 17 vehicles to carry out a SWAT-style raid on Stone’s Florida home just before dawn on Jan. 25, 2019.
Donald Trump is no different than his predecessors! During the campaign, he said whatever he had to in order to get elected. He promised to close down the neocon foreign wars and also fight the “deep state” by draining the swamp.
Recall the role Mr. Abrams played during the Reagan years. He helped fund the Contras in Nicaragua and is linked to the 1982 El Mozote massacre of hundreds of civilians in El Salvador. It was later estimated by a UN truth commission that 85 percent of the abuses during the civil war in El Salvador were committed by military death squads assisted by the Reagan administration.
Not at all. Turns out, the appointee is one of the president’s worst enemies, a man forcefully opposed to almost all of Trump’s policies and campaign promises, a man who repeatedly has said Trump is morally unfit for his office. He is Elliott Abrams, the 71-year-old éminence grise of the NeverTrump movement.
President Trump is he any different than those who came before him!
It has emerged US Vice President Mike Pence phoned Venezuelan opposition leader Juan Guaido last week urging him to make the unprecedented move to declare himself the “acting president”, and denounce the incumbent leader Nicolas Maduro as a “usurper.
It will make a big difference to the United States economically if we could have American oil companies invest in and produce the oil capabilities in Venezuela.
After decrying US sanctions against Venezuela’s state-run oil company PDVSA as “illegal” and enforcing “unfair competition”, a Kremlin spokesman has reiterated that Russia is prepared to use “all mechanisms available to us” to defend its economic interests in Venezuela – interests that are closely tied to the Maduro regime.
The U.S. is no longer in the top 10, or even the top 20, of least corrupt nations. Transparency International’s Corruption Perceptions Index for 2018 was released today and the United States has fallen four points deeper into corruption than last year. The U.S. now ranks below Luxembourg, Estonia and France, coming in at number 22 on the chart.
Years of growth, trillions in government bonds, and substantial capital sought from outside investors may see a U-Turn in the coming days as Japan’s prized economic policies were found to be reliant on fraudulent data. As per estimates, over 40 percent of Japan’s 56 economic policies contain errors, casting a shadow on all of the country’s analysis and reports generated over the years.
The 21 Trillion dollar question! do you think Japan is the only country that lies like an old rug a dog slept on?
(Bloomberg) — The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.
Read more at: https://www.bloombergquint.com/politics/another-year-another-1-trillion-in-new-debt-for-u-s-to-raise#gs.rySNEYNq
Copyright © BloombergQuint
So when the curtain comes down and the investing public is forced to admit that it is all paper never to be paid back and fear sets in. Gold goes to the moon..never to be seen again.