Rickards: Here’s The Gold Price In 2026 October 21, 2020
The first two major gold bull markets were 1971–80 and 1999–2011. Today, gold is in the early stages of its third bull market in 50 years.
How far can gold go during this bull run?
If we simply average the performance of the past two bull markets and extend the new bull market on that basis, we would expect to see prices peak at $14,000 per ounce by 2026.
What specifically is driving the new gold bull market?
From both long-term and short-term perspectives, there are three principal drivers: geopolitics, supply and demand and Fed interest rate policy (the dollar price of gold is just the inverse of dollar strength. A strong dollar equals a lower dollar price of gold, and a weak dollar equals a higher dollar price of gold. Fed rate policy determines if the dollar is strong or weak).
The first two factors have been driving the price of gold higher since 2015 and will continue to do so. Geopolitical hotspots like Iran, Korea, Crimea, Venezuela, China and Syria remain unresolved. Some are getting worse. Now we have armed conflict between Azerbaijan and Armenia in the Caucasus.
A long read but details who will ultimately own a Biden White House.
Blockbuster Report Reveals How Biden Family Was Compromised By China October 24, 2020
In a day when half the US population remained transfixed by the ongoing revelations about the contents of Hunter Biden’s “laptop from hell” and the other half was doing everything in its power to ignore the news which the socials have conveniently been desperate to censor, a far less noticed but perhaps just as important investigative report authored by the unknown Typhoon Investigations, was released by Christopher Balding, Associate Professor at Peking University HSBC School of Business Shenzhen, China and also Bloomberg contributor (which is odd considering the clear anti-Trump bias of the Bloomberg media empire) exposing Biden activities in China which “the press has simply refused to cover”, and which reveals “how Biden was compromised by the Communist Party of China.”
In a series of tweets around noon on Thursday, Balding said that he had really “not wanted to do this but roughly 2 months ago I was handed a report about Biden activities in China the press has simply refused to cover. I want to strongly emphasize I did not write the report but I know who did.”
Some more background on the origins of the report from Balding’s website:
For two months I have worked on behalf of my colleague to ensure that this report helped others report on the documented evidence of Biden activities with regards to China. I want to emphasize a couple of things about my own involvement.
First, I did not write the report and I am not responsible for the report. I have gone over the report with a fine tooth comb and can find nothing factually wrong with the report. Everything is cited and documented. Arguably the only weakness is that we do not have internal emails between Chinese players or the Chinese and Bidens that would make explicit what the links clearly imply.
Second, I will not be disclosing the individual who did write this report. They have very valid reasons to fear for both their personal safety and professional risks. Throughout the years that I have known this individual we never discussed politics. I have never heard them criticize any political party other than the CCP. They are not a Republican.
Apparently, a reader was taken aback and offended with Erik’s last article because he used the word “pussy”. Maybe I am wrong, but doesn’t the complaint itself prove his thought process? Maybe he should have been more politically incorrect and used the term “soy boy” to describe where America is headed? “Thin skin” seems to be sweeping the nation!
Bill Holter’s Commentary
Friday humor!
Not sure if this link will continue to work or if David Hogg finally figures it out and takes it down? The boy goes to Harvard…and doesn’t even know he doesn’t know? I might add, wonder if did he do the same amount of due diligence while demanding everyone give up their right to own guns for “safety”? Please read the replies for your humor!
Imagine calling the immigrant parents that bring their children to the United States for a better life “Coyotes”
Goldman Is Clawing Back Or Cutting Millions In Pay From CEO Solomon, Blankfein And Others Over 1MDB October 22, 2020
Goldman Sachs is moving to claw back or cut a total of $174 million in compensation from current and former employees including CEO David Solomon and former CEO Lloyd Blankfein over the 1MDB scandal.
The company announced Thursday a broad settlement with U.S. authorities over its role in the 1MDB debacle, in which a $6.5 billion Malaysian investment fund was looted with the help of some of the bank’s employees.
“The board views the 1MDB matter as an institutional failure, inconsistent with the high expectations it has for the firm,” the bank’s directors said Thursday in a statement.
Goldman is seeking to claw back $76 million from the three former employees most implicated in the scandal, the bank’s board said Thursday. The names of the bankers are Timothy Leissner, Roger Ng and Andrea Vella.
On top of that, five former senior executives including Blankfein have been asked to return $67 million in long-term compensation awarded back in 2011.
And finally, Solomon, his chief operating officer, chief financial officer and international division head will have their 2020 pay cut by $31 million. Those awards will be paid out in February of next year.
Erik takes us on a “ride”. Naturally his road led to gold and silver monies…!
Bill Holter’s Commentary
School grades are racist? I have a better explanation, there are school grades to differentiate between those with knowledge and lack of knowledge which has ZERO to do with race…What has and is happening is that the US is raising a nation of pussies where everyone receives a “participation trophy” for waking up in the morning. When I was a kid, if you received a trophy, it meant you worked hard and excelled at something. So much for “we are
San Diego School District Announces It Will Eliminate Grading Standards To “Combat Racism” October 20, 2020
The San Diego Unified School District has announced that it will eliminate its previously used grading standards in order to “combat racism”.
The move came about after it was revealed that just 7% of D or F grades are handed out to white students, while 23% went to Native Americans, 23% of failing grades went to Hispanics and 20% went to black students.
However, instead of trying to develop an actual understanding of why this is taking place, the school district simply announced that “discrimination” and “racism” were to blame before embarking on a complete do-over of the grading system in order to combat this apparent injustice.
Academic grades will now not be dependent on early tests (meaning students could flunk them and not have it affect their final grade), and grades “will now focus on mastery of the material, not a yearly average.”
Teachers will also not be able to consider non-material factors like bad behavior in the classroom and not handing in work on time when grading students.
The horrific irony of this of course is that is will simply incentivize already underperforming students to act out in class and miss coursework deadlines.
“January Is Going To Be A Mess” – A Tsunami Of Evictions Expected Across US October 20, 2020
The Trump adminstration walked back federal protections for renters in early October, even though rent moratoriums were still in effect, which allowed property owners and operators to begin the eviction process for millions of people as tens of billions of dollars in back rent is coming due.
In early September, the CDC published new, temporary guidelines to halt evictions because of the virus pandemic. The public health agency said:
“The CDC, located within the HHS announces the issuance of an Order under Section 361 of the Public Health Service Act to temporarily halt residential evictions to prevent the further spread of COVID-19… This Order is effective September 4, 2020, through December 31, 2020.”
Before the eviction moratorium went into effect on September 4, there was a 72-hour lapse, allowing landlords to evict non-paying tenants. Reuters interviewed Latrise Bean,35, who was one of the unfortunate people evicted during that time from her Milwaukee apartment.
Bean, who works at a software company, like millions of other Americans, had their working hours reduced by of the virus-induced economic downturn – now with an eviction on her record, making it more difficult to find a rental, she is now living at a temporary housing unit in a neighborhood even worse than the one before with her five-year-old daughter.
“I feel so unlucky,” said Bean. “I have really been through it.”
Kurt Schichter remembers the Romans in a very well written rant.
Conservatism Now Means Defeating The Establishment October 19, 2020
Look around you at the smoldering ruins of American society, and it’s clear that you owe our garbage Establishment nothing.
Not loyalty.
Not respect.
Not obedience.
Nothing.
It has failed you. And now it is dead to you.
Tear it all down.
Rip out its rotten foundations.
Burn the poisonous debris.
Rebuild it on a foundation of the Constitution.
There was once a social contract out there that we all thought we all signed on to. You know the outlines of the implicit deal. We agreed to give up certain prerogatives and to provide prestige and prosperity to those people – who became the Establishment – who would run our institutions for us. For example, we outsourced our right to avenge ourselves to the justice system and (except for immediate self-defense) to keep order to the police. We would respect and trust the objective, neutral truthtellers, called “journalists,” who would gather and disseminate the news and information we needed to be active citizens. And, in a formal way under our Constitution, we agreed to give government officials enumerated powers and to be bound by the rules implemented via due process and limited by the Bill of Rights.
This bonehead is/was CNN’s “chief legal analyst? So much for “CNN, the most trusted name in news”! I can just hear him now, “I was hacked, it was a mistake”?
New Yorker Suspends Jeffrey Toobin for Masturbating on Zoom Call October 19, 2020
The New Yorker has suspended reporter Jeffrey Toobin for masturbating on a Zoom video chat between members of the New Yorker and WNYC radio last week. Toobin says he did not realize his video was on.
“I made an embarrassingly stupid mistake, believing I was off-camera. I apologize to my wife, family, friends and co-workers,” Toobin told Motherboard.
“I believed I was not visible on Zoom. I thought no one on the Zoom call could see me. I thought I had muted the Zoom video,” he added.
Two people who were on the call told Motherboard separately that the call was an election simulation featuring many of the New Yorker’s biggest stars: Jane Mayer was playing establishment Republicans; Evan Osnos was Joe Biden, Jelani Cobb was establishment Democrats, Masha Gessen played Donald Trump, Andrew Marantz was the far right, Sue Halpern was left wing democrats, Dexter Filkins was the military, and Jeffrey Toobin playing the courts. There were also a handful of other producers on the call from the New Yorker and WNYC.
And while we are on the topic of CNN, I believe the reporter in the below video just got smoked with some very real in your face truth?
Bill Holter’s Commentary
Erik asks you bear with him re: politics even if you disagree with him. I will add this, if the left does in fact win (steal) the election, the 1st Amendment which is severely under fire now will ultimately fall…leaving Erik and other bloggers like us who tell the truth as we see it just plain out of business. How’s that for anxiety?
In the truth department, do you know how funny this is?
Twitter Refuses To Unlock NYPost Account Unless Paper Deletes Tweets About Hunter Biden October 17, 2020
By immediately condemning the Hunter Biden emails and photos published by the New York Post as the work of Russian hackers colluding with Rudy Giuliani, the MSM destroyed any credibility it might have had. As we pointed out earlier, more evidence has emerged to support Giuliani’s version of events – namely, that he was given a copy of the laptop’s hard drive and all of its contents by the owner of a Delaware computer-repair shop.
But despite apologizing and acknowledging “straight up blocking of URLs was wrong”, Twitter CEO Jack Dorsey has apparently not finished punishing the New York Post, because three days after the account was initially frozen, the New York Post hasn’t been able to tweet, and according to a NY Post report, Twitter has frozen the New York Post’s account until the paper’s social media managers agree to delete six tweets about Hunter Biden.
Day 3 @nypost account access has not been reinstated.
