….Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!
Conspiracy Theory Proven Fact as Cops Remove Senator from Walmart Converted into Detention Center June 7, 2018
In 2015, Snopes attempted to fact-check “rumors” that “began to swirl in April 2015 when several Walmart stores around the U.S. were abruptly closed due what Walmart claimed were “plumbing problems.“ Walmarts in Pico Rivera, CA, Livingston, TX, Midland, TX, Brandon, FL, and Tulsa, OK, all suddenly closed their doors, with Walmart corporate announcing that some of those outlets would be shuttered for six months or more. We now know, even though Snopes has not updated its web page, that at least one of those Walmarts is a detention center to house children of immigrant families.
U.S. Senator Jeff Merkley (D-OR) attempted to enter the converted Walmart in Brownsville, TX to inspect the living conditions of immigrant children who had reportedly been separated from their parents and were rumored to be kept in cages and concrete floors of the converted Walmart. Merkley streamed live on social media his attempt to enter the facility but was denied entry by Homeland Security.
All the windows and doors to the facility—which is a shuttered Walmart—have been blacked out with window tinting. Merkley arrived and was immediately asked to leave by a female government worker.
As we have said many times, everything can be hacked. How safe is Cryptocurrency?
China Hacked US Navy Contractor, Stole 614GB Of Submarine Missile Secrets June 10, 2018
The U.S. Navy and the FBI are investigating a massive cyber breach that compromised the network of an unidentified Navy contractor, as Chinese hackers allegedly stole large amounts of data related to undersea warfare, including top-secret programs to develop supersonic anti-ship missiles for submarines by 2020, according to American officials, The Washington Post reported.
The data breach occurred earlier this year as the investigation is still ongoing. The officials said that the contractor was working at the Naval Undersea Warfare Center, a full-spectrum research, development, and testing arm of the Navy. The warfare center focuses on submarines, autonomous underwater systems, and offensive and defensive weapons systems associated with undersea warfare.
According to the WaPo, Chinese hackers stole a total of 614 gigabytes of plans for cutting-edge weapons relating to various undersea programs, as well as sensor data, submarine information about cryptographic systems, and an entire library of submarine electronic warfare data.
Since the cyber attack, this has been a nightmare for the Pentagon, as the Navy warned The Washington Post not to release further details about the secret submarine missile program, in their report. Meanwhile, Defense Secretary James Mattis ordered the Pentagon inspector general’s office Friday to investigate the massive data breach.
Those of you who appreciate long term log charts and cyclical analysis, this wave chart of TRX – weekly (since its birth) becomes interesting. Please note horizontal FIB…
Thank you Richard.
There’s a fine between “Free Speech” and “Sedition”.
Perhaps the Washington Post should be brought up on charges of Sedition.
An example must be made, lest the media gets out of hand. Nobody should be above law, especially the media. In my day, we called the “Shit Stirrers”.
CIGA Wolfgang Rech
“Start Throwing Rocks”: Washington Post Op-Ed Calls For More Violence In The Streets August 17, 2017
Authored by Daniel Lang via SHTFplan.com,
It’s not an exaggeration to say that battle lines are being drawn in America today. You can see it in the news everyday. As time goes on, people in this country are becoming very tribal, as Americans of different races, religions, and political persuasions turn on each other. What we saw in Charlottesville last weekend was just the latest sign that America is turning into a very dark place, where conflict between different demographics is the norm. And it probably won’t be the last indicator to emerge.
So how did we get to this place? How did we reach a point where America resembles Wiemar Germany, with white nationalists and socialist thugs battling it out on the streets and killing people?
If I were to pick one culprit for this mess, it would be the mainstream media. They’re the ones who have, for the most part, stood behind leftist ideologues for decades, and allowed them to bury public discourse under a wave of identity politics. They are at the very least, partly to blame. They’ve helped stoke divisions in this country that were once faint, or in the process of healing.
When the Reset comes there will be no room for a public virtual coin.
WSJ: CME and BTC Exchange Dispute Led US Regulators to Open Price Manipulation Probe June 9, 2018
Regulators from the US Commodity Futures Trading Commission (CFTC) reportedly demanded extensive trading data from several cryptocurrency exchanges, people familiar with the matter told the Wall Street Journal June 8. Regulators requested data in order to investigate whether manipulation might be compromising prices in digital currency markets.
The probe followed the launch of Bitcoin (BTC) futures by CME Group in December last year. CME forms its Bitcoin (BTC) futures prices based on data from four crypto exchanges; Bitstamp, Coinbase, itBit and Kraken, where manipulative trading could reportedly have distorted the value of BTC futures. Investigators are going after trading schemes that can be used to manipulate the price of BTC futures that the government directly regulates.
After the settlement of the first contract in January, CME requested that the four exchanges provide trading data. However, several of the exchanges declined to cooperate, stating that the request was intrusive. The crypto exchanges only handed over their data once CME shortened the time window of its request from one day to a few hours, said the sources.
There are many ways to interpret this with the majority as positive.
Consider the recent price action of gold when the king makers are using all kinds of fire to keep it below $1300.
However, we mere humans no longer make markets.
We are forced to accept prices determined by machines programmed to cheat in cyberspace.
Gold is the only and ultimate saving account to preserve value.
It will maintain value regardless of the machines or criminals that operate them.
This makes gold the ultimate saving account.
The time to buy it when you have some free cash to spend instead of buying a new 75-inch smart TV on credit or car on a no down payment 72 month mortgage.
Gold with silver will be the last men standing. Who the last man standing is the real question.
Not much of a handle; does it matter?
Courtesy of JB.
Judicial Watch Uncovers Hidden Strzok Emails In Latest Production Of Clinton-Lynch Tarmac Meeting Docs—Strzok Email Suggests Clinton Investigation Decision Made In April 2016 June 7, 2018
(Washington, DC) – Judicial Watch today released 1 pages of Federal Bureau of Investigation (FBI) documents related to the June 2016 tarmac meeting between former Attorney General Loretta Lynch and former President Bill Clinton showing involvement of the FBI’s former Chief of Counterespionage Peter Strzok.
The FBI originally informed Judicial Watch they could not locate any records related to the tarmac meeting. However, in a related FOIA lawsuit, the Justice Department located emails in which Justice Department officials communicated with the FBI and wrote that they had communicated with the FBI. As a result, by letter dated August 10, 2017, the FBI stated, “Upon further review, we subsequently determined potentially responsive documents may exist. As a result, your [FOIA] request has been reopened …” This is the second batch of documents the FBI produced since telling Judicial Watch they had no tarmac-related records.
The new documents were obtained by Judicial Watch in response to an October 2016 Freedom of Information Act (FOIA) lawsuit (Judicial Watch v. U.S. Department of Justice (No. 1:16-cv-02046)) filed after the Justice Department failed to comply with a July 7, 2016, FOIA request seeking:
A billion dollars for a weapon while Social Security goes bankrupt in a few years.
Although we know that there is no intrinsic value to the Dollar anymore, now it appears that those in power are taking this to the hilt by obtaining as many material goods as they can, while they still can.
CIGA Wolfgang Rech
Lockheed Martin Awarded $929 Million Contract For Hypersonic Weapon To Counter Russia, China June 9, 2018
Lockheed Martin, the defense company behind F-35A Lightning II, a fifth-generation combat aircraft, won a $928 million contract April 18 to develop a hypersonic missile for the U.S. Air Force that will travel more than five times faster than the speed of sound to overcome Russian and Chinese missile defense systems.
According to Lockheed Martin, under the indefinite-delivery/indefinite-quantity contract, the company will design and manufacture the Hypersonic Conventional Strike Weapon (HCSW), a new air-launched weapon system. The missile will be capable of speeds higher than Mach five and could render Russian and Chinese ballistic missile defense interceptors useless.
Lockheed Martin will be strategically working with the U.S. Air Force to “finalize system requirements under the contract’s initial task order,” the press release stated.
Many youngin’s today can’t fathom the idea that monetary institutions are all powerful and invincible.
In 1992 Jim Rogers and George Soros went head to head with the Central Bank of England…and won. Then in 1997 they went head to head with Bank of Thailand and won.
We see here today, in respect to Argentina, the Central Bank and even the IMF can’t stem the inevitable tide of the FX market.
Fundamentals dictate price, intervention is only window dressing. A life preserver, if you will, thrown to a drowning man in the middle of the ocean.
Keep an eye on the US Dollar in the very near future. Many events will have repercussions that the FED will be helpless to stem.
CIGA Wolfgang Rech
Argentina Peso Plunges To New Record Low June 8, 2018
Last night, Argentina got 50 billion pieces of good news, when the IMF agreed to provide the troubled Latin American nation with a $50BN standby loan, the largest even in IMF history. It also got some bad news, when the central bank announced it would remove the 25/USD barrier it had imposed in early May to prevent an escalating currency crisis.
Well, this morning, contrary to expectations that the Argentina Peso would rise on the IMF loan, ARS resumed its selloff, and promptly breached the central bank’s 25/USD barrier, and plunging 2.3% to 25.55.
Why do I get this eerie feeling, a deja vu of your “5 Pillars of Gold” years ago, only for stocks and not gold.
Could this be the first of the “Pillars” of FAANG stocks to fall? Who will be next? Any guesses?
Apple Slides On Report Of iPhone Order Cuts, Drags Nasdaq Lower June 8, 2018
Remember when a few months ago Apple stock slumped amid reports of slumping iPhone 10 demand and a weak orderbook, but investors were quick to forget all about Apple’s growing troubles when Tim Cook’s record stock buyback announcement and Warren Buffet latest investment quickly sent the stock to all time highs even though the fundamentals didn’t justify it? Well, it turns out that despite the generosity of Uncle Warren who is simply chasing after the biggest stock repurchase program he could find, nothing has changed or been fixed at Apple, and this morning Apple’s German ADRs and the stocks of Apple’s European supplier tumbled after Japan’s Nikkei reported that Apple has asked its supply chain to prepare around 20% fewer components for iPhones debuting in the latter half of 2018, “taking a cautious approach toward smartphone shipments compared with last year’s orders, industry sources say.”
“Apple is quite conservative in terms of placing new orders for upcoming iPhones this year,” one of the four sources, who is in the supply chain, told the Nikkei Asian Review. “For the three new models specifically, the total planned capacity could be up to 20% fewer than last year’s orders.”
The U.S. company last year placed orders to prepare for production of up to 100 million units of the new iPhone 8, iPhone 8 Plus and iPhone X, but this year Apple currently expects total shipments of only 80 million units for new models, two people said.
“It’s Just Like 1998”: Why One Bank Is Haunted By Visions Of Credit Tremors Bursting The Tech Bubble June 8, 2018
Earlier this week, Goldman Sachs, whose market-timing calls leave much to be desired, declared that tech stocks are “not a bubble”, and went so far as to predict that the secular increase in tech names could continue for decades, spawning vivid memories of Goldman predicting $200 oil months before the start of the second great depression, and before oil crashed by $100/barrel, wiping out a generation of muppets.
However, let’s just say that not everyone agrees with Goldman.
Back in March, just as the tech sector suffered its first big rout of 2018, Bank of America had the gall to tell the truth and observe that the “e-Commerce” sector, which consists of AMZN, NFLX, GOOG, TWTR, EBAY, FB, was now up 617% since the financial crisis, making it the 3rd largest bubble of the past 40 years, and at this rate – assuming no major drop in the 6 constituent stocks – was set to become the largest bubble of all time over the next few months.
I liken the dichotomous headline below to a weather headline:
“Sunny with Thunderstorms”
Perhaps these people are in the wrong business.
World bank warns of crisis and all is well?
CIGA Wolfgang Rech
Markets: Bank Stocks Jump, World Bank Warns Of A Crisis, Trade Deficit Narrows June 6, 2018
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after the US trade deficit narrowed in April, the EU announced details of $3.4 billion in tariffs on US goods to take effect in July, and the World Bank warns that the global economy could experience another 2008-type crisis if tariffs escalate into a trade war.
Here’s the performance of S&P 500 financial sector components as of 10:15 am ET:
I’m sure you can spot many more if you look around.
There are water companies looking to monopolize the product! Think about that!
“American Water Works Company, Inc. (NYSE: AWK)
Is the company a true monopoly in the United States? No. It does have a virtual monopoly is in its markets where it operates. There is competition in many markets for electricity, but that is not the case for water.”
You have Google, Monsanto, Microsoft, and others. Innocuous at first, but the power to spread out and dominate wherever they wish.
Not that I’m against the competitive spirit, but there are repercussions.
And those repercussions usually raise their head amongst the populace when the end result is near.
It all boils down to GREED.
But GREED is a 2 edged sword. Never forget this.
Certainly, there is hope. And that hope usually, but not always, comes in the fore in technology. Technological innovation supplanting the main players.
Try as they might, gold naysayers cannot supplant gold and silver. There is no innovative product even resembling their scarcity and qualities. No, not even crypto currencies.
CIGA Wolfgang Rech
Ramp up those printing presses!
Both currency presses and bond presses.
Looks like “peak” SS funding has been reached.
CIGA Wolfgang Rech
Social Security Expected to Dip Into Its Reserves This Year June 5, 2018
The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits.
This is three years sooner than expected a year ago, partly due to lower economic growth projections, according to the latest annual report the trustees of Social Security and Medicare released Tuesday. The program’s income comes from tax revenue and interest from its trust fund.
Hawaii 2018 – Were they prepared with bug out bags?
In the greatest transfer of wealth in history …. The only unanswered question still is; will it happen in a week, a month, or longer?
Panic in the Deep State – Alex Newman June 6, 2018
By Greg Hunter’s USAWatchdog.com
Journalist Alex Newman has written extensively about the New World Order, the push for one world government by globalists and the so called “Deep State” that has it’s invisible hand in just about everything. Newman contends things have not been going well for the people who want to rule the world since Trump won in 2016. Newman contends, “I get the impression they are very worried, and there is a lot of evidence that they are getting concerned they are losing their grip on power. I think we are starting to see some panic now. It very much reminds me of the rats fleeing the sinking ship expression. I think we are going to see some very interesting things in the days ahead. Trump has kind of gotten them cornered. I think they are actually very, very nervous about what comes next. . . . There are a lot of good things happening, and bad guys are starting to get nervous.”
We start our Thursday off with gold trading higher at $1,303.80 up $2.40 inside a $5 trading range between the high of $1,304.20 and the low of $1,299.60. Silver is up as well with its trade at $16.82, 12.6 cents higher with a range between $16.83 and $16.67 so far today sometime before 6am pst. All this leads to the US Dollar as it finds less resistance on the way down with its price at 93.32, some 32 points below yesterday’s drop and after the fiat masters were able to bring the value up a little more before yesterdays close. Treasuries are weaker across the board as well as we slide closer and closer towards the Triple Witch.
June Silver’s Open Interest did jump with the OI number now at 95 as somebody put in an order for immediate usage of some 76 contracts totaling 380,000 ounces to be settled out here or in London. Silver’s overall OI has climbed again and is now at 220,805, this is a 4.5% jump in the count or 8,902 additional short contracts, in order to keep the price as close as possible to the central bankers favorite number of $16.50. I got a feeling the Open Interest is going to make another world record after the G7 meeting this weekend.
Cryptos continue on as Bitcoin chimed in at $7,705, adding $95 with Ethereum at $608.98, up $2.44 and Litecoin is at $121.30 down 25 cents. Of note, a trading hub went down after being attacked . What one needs to understand here is the system is self-correcting. Each and every trading hub see’s what is going on when attacks happen and they all follow up on how to “keep it from happening again” or they die as traders leave.
The G7 is our next upcoming economic moment (of stress?) in which the European Leaders plan on “being strong” and “go against everything Trump wants” which is now a laughable statement because it sounds like Hillary’s resistance movement don’t it?. Remember also, we canceled the Iranian deal too! The G6 has forgotten that we won’t be bullied! In fact, the G6 has given 45 all the ammo he needs (push points) but the problem is we are in a different world were we no longer “go along”, especially if it’s not good for our country’s employment and manufacturing. There has to be give and take and if not, no deal! With the drop in liquidity over the years, the stress is climbing, especially since remaining participation in the markets is still about 50% of 2007 levels.
This weekend’s meeting may be something to behold, I for one would love to be that fly on the wall, but it may not matter much, especially if one has most of their holdings held outside this rotting system of banker malfeasance. So keep the precious metals close, and as always…Stay Strong!
Judicial Watch: Federal Court Hearing on June 6 Ordered for Emails between Peter Kadzik, John Podesta, and Clinton Campaign Officials June 05, 2018
udicial Watch also seeks Kadzik emails with non-government employees concerning Clinton use of non-state.gov email
Federal Judge previously placed an order of preservation on all Kadzik emails
(Washington, DC) – Judicial Watch today announced that Judge Dabney L. Friedrich of the U.S. District Court for the District of Columbia has ordered a hearing for June 6, 2018, regarding the personal email correspondence of Assistant Attorney General for Legislative Affairs Peter Kadzik with former Clinton presidential campaign chairman John Podesta, Clinton campaign officials, and others (Judicial Watch v. U.S. Department of Justice (No. 1:17-cv-00029)).
The court order came in response to a Freedom of Information Act (FOIA) lawsuit filed by Judicial Watch against the U.S. Department of Justice on January 15, 2017 after it failed to respond to a November 7, 2017 FOIA request seeking:
All email correspondence between Peter Kadzik on either his official Justice Department email account firstname.lastname@example.org and any non-government employee concerning, regarding, or relating to former Secretary of State Hillary Clinton’s use of non-state.gov email to conduct official government business;
All email correspondence between Peter Kadzik on either his official Justice Department email account or email@example.com and John Podesta; and
A bit too early to make such an outlandish statement.
Wait until the pork and soybean retaliatory tariffs take hold.
“The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.3 billion) and in foods, feeds, and beverages ($0.7 billion).”
Wait until the luxury European auto ban takes hold.
“The decrease in imports of goods mostly reflected decreases in consumer goods ($2.8 billion) and in automotive vehicles, parts, and engines ($0.9 billion). Increases in other goods ($1.3 billion) and in industrial supplies and materials ($1.2 billion) partly offset the decreases.”
For that matter, decreases in imports could be reflecting a weakening economy.
And with the ongoing oil trade agreements between Asia and the Mideast, utilizing the Yuan, don’t expect U.S. oil exports to make much headway.
To me, this not such a stellar report as the headlines make it appear to be,
CIGA Wolfgang Rech
Trump’s “Trade War” Is Working: US Trade Deficit Collapses June 6, 2018
One month after the biggest plunge in the US trade deficit since the financial crisis – good news for Trump who has engaged in “trade war” with the rest of the world to boost US trader and exports – the good news continued in April, when according to the Census Bureau, the US deficit shrank again, down 2.1% from a revised $47.2BN to $46.2BN – the lowest since September 2017, and beating not only the $49BN consensus estimate, but also also the lowest Wall Street estimate of $46.2BN.
Italy’s Problems Are Not Economic And Far From Over: Former ECB Director June 05, 2018
Although market fears of an Italian contagion effect are now largely subdued, one strategist said that the country is not out of the woods, yet.
Speaking from Brussels, Francesco Papadia, fellow of the Bruegel Institute and former market operations director of the European Central Bank told Kitco News that he remains sceptical whether the new government’s goals can be fiscally sustainable.
“For the time being, things have calmed down, but I would not say that we are out of the woods as yet, because we want to see whether this new government will comply with its electoral promises, which of course, cannot be implemented without big problems on the fiscal side,” he said.
Silver Manipulation Coming to Fore by Rory – The Daily Coin
It seems silver market manipulation is being noticed by, at least, one member of the House of Lords, Jeremy Lefroy.
Mark Anthony Taylor, The Abstraction, who has been working behind the scenes and in public forums, has made some real progress and earlier today shared the following letter:
John Glen MP,
Economic Secretary to the Treasury,
1 Horse Guards Road,
LONDON SW1A 2HQ
1st June 2018
Our Ref: JL
Silver and Gold Bullion Prices
On 10th May, at Leader’s Questions, I raised the matter of the manipulation of silver and gold bullion markets.
Several international banks have been fined substantial amounts in the United States as a result of such misdemeanours. However, a constituent of mine – who has suffered substantial losses on holdings of bullion within Europe – tells me that there has been no equivalent investigation or action in the UK or Europe, despite UK and European banks having been fined in the USA. This is despite places such as London and Frankfurt seeing very large volumes of trading in bullion and places where prices are set
U.S. Commerce Secretary Says 5G Priority For Trump Administration May 1, 2018
. . .
“I think the pitch that Sprint and T-Mobile are making is an interesting one, that their merger would propel Verizon and AT&T into more active pursuit of 5G,” Wilbur Ross told CNBC.
“Whoever pursues it, whoever does it, we’re very much in support of 5G. We need it. We need it for defense purposes, we need it for commercial purposes,” he added.
T-Mobile and Sprint said on Sunday they had agreed on a $26 billion all-stock merger, capping four years of on-and-off talks between the third and fourth largest U.S. wireless carriers. Regulators are expected to grill the firms on how they will price their combined wireless offerings.
T-Mobile, majority-owned by Deutsche Telekom AG (DTEGn.DE), and Sprint, controlled by Japan’s SoftBank Group Corp (9984.T), said the combined company would invest $40 billion over the next three years to upgrade networks to accommodate 5G.
Maybe they pay the money and still don’t get their gold?
Zero doubt in my mind the gold is not immediately available in any case…
Curious to see how quickly Citi can come up with Venezuela’s gold.
I’m convinced that Venezuela’s gold has been leased out the moment it was received. It is NOT Venezuela that must recover the gold…..but Citigroup.
“Venezuela central bank pays Citi $172 million to recover swapped gold”
Funny how the article appears to lead the reader into believing that Citi just made $172 million.
They didn’t. They simply have to give an equal amount of gold back to Venezuela.
CIGA Wolfgang Rech
Venezuela Central Bank Pays Citi $172 Million To Recover Swapped Gold – Sources June 1, 2018
By Corina Pons
CARACAS (Reuters) – Venezuela’s central bank in April paid $172 million (£128.8 million) to U.S. bank Citigroup (C.N) to recover part of the gold it had put up as guarantee in a swap operation, according to two sources familiar with the situation.
Sanctions levied by U.S. President Donald Trump last year bar U.S. banks from carrying out financing operations with Venezuela, meaning such swaps cannot be renewed.
“Citibank got paid,” said a local finance industry source familiar with the negotiation who asked not to be identified.
“The policy is to recover the gold,” added a second source consulted.
The move showed that, despite a broad default on billions of dollars in bonds, Venezuela is meeting some financial commitments, and the government of President Nicolas Maduro is able to transfer funds when it has reason to do so.
Citi declined to comment. The central bank did not respond to an email seeking comment.
The crisis-stricken OPEC nation has for years been carrying out gold swaps with Wall Street banks to boost the liquidity of its international reserves, which have dwindled to their lowest levels in decades as its socialist system implodes.
J. Johnson’s Latest: So Dudley Didn’t See This Coming Either June 4, 2018
Good Monday Morning!
We start our week off with a positive in the precious metals with Gold trading higher at $1,300.90 up $1.60 close to the high of $1,301.20 with a low so far at $1,293.80, sometime before 6am pst. Silver is showing a green light as well with its trade at $16.51, up 6.9 cents and at its high with a low at $16.38 in what could be considered a change in timing, of course the weeks ahead will have proven it. Normally we see prices of AG/AU dip at or just before the London trade session and continue to trade lower till the US Open. The US Dollar is down in what we used to describe as “sharply” lower at 93.66, some 50.9 points lower than Fridays close and 3 points off its low so far in early trade. The high we have registered for the day is at 94.165 as we see the parting interview of the outgoing New York Fed President Bill Dudley telling us he too didn’t see this coming! Anyone else tired of hearing this same excuse over the past 10+ years?
Silver’s Open Interest in the delivery month still stands at 372 contracts with a volume of 3 so far which means no dent was made in quantity as 1.860 million ounces stand for immediate receipt distribution from Comex or London. Silver’s total OI stands at 210,391 contracts which shows only a slight drop in positions held over the weekend as 278 left the board on Friday.
Cryptos remain as stagnant as our metals with Btc’s trade at $7,533 up from Friday mornings quote by $121 US Dollars, Ethereum trade is at $595.64 up $22.79, and Litecoin stands at $120.43, up $3.15 with very little news going on over the weekend.
Ironically or not, the positive stories of Gold are popping up everywhere today as the Dudley leaves the Fed with one title claiming a “The Quiet Revolution: Gold’s Monetary Rehabilitation Is Building“ with another Gold story of a dig site exposing gold ore which caused hundred’s to copy the 49er’s Gold rush but in So Africa. Although these are important stories, it’s the paper game that needs to be curbed and maybe, just maybe, it’s happening in the upper canopies of central bank planning as Italy, Greece, Spain, … ahh heck!! ALL of the northern Mediterranean Sea nations seem to be erupting in the political arenas as they try to escape their own financially created imprisonments (by their EU supported leaders) as Goldman Sachs popped off a story about the “Trump trade war” . This is a story which is coming from a bank who vacated a White House cabinet seat (Cohn) because of a supposed trade dispute (I prefer “a banker deal gone wrong”), then the next trading day, Blankfein decides it’s time to leave as well, and now they want to tell us what will happen if Trump gets his way, but from the outside (of the white house) looking in. LOL, Love this mess, Goldman is being treated like they have been treating the masses, ignored!! .. about time too! This Goldman mess seems to be something the press chooses to ignore but I find this intriguing still. Reducing their brokerage house mass to a very very few at the same time they have computer geeks running 25% of the gambit, what could go wrong? Imo, it may be that failed fiat math is about to be corrected (more or less) as Crypto and Blockchain technology become the future of trading and they are running full steam ahead all the while we get mislead.
Even though the realm of European Politics has the masses rising up again, we have our own political corruption show now as a court date for Hillary and her lawyer team(s) who will explain how they didn’t do anything wrong, like 33,000 emails being white washed after the subpoena, the DNC buy out, FBI/CIA/Clapper/Comey meddling, yada yada yada. The court date being next week at 2 p.m. on June 11 and is open to the public. All this leads us to is the reasons why most of our wealth should be in held in physical precious metals and away from this gang of financial and political despots as they get exposed court data by court date till one day the gloves come off and the metals find fair pricing, and I do believe that with all the delivery commotion going on while the entire banking system yells and scream everything is safe, is part of the end of the manipulation story, we shall see this in time, So HODL those metals, and as always … Stay Strong!
No FIAT currency is a store house of value, ever. Never has, never will be!
‘Somebody Stole Our Money!’ Italians Open To Ditch Euro To Stop ‘Bowing’ Heads To Germany June 2, 2018
Italy has faced a mounting debt problem over the past 30 years with debt totalling more than 130 percent of its economic output, second in the eurozone after Greece.
Pensioner Alberto Mazzelli told Al Jazeera that ditching the lira bought nothing but problems for Italians. He said: “It was supposed to be 2000 lira to the euro but what used to cost 1000 lira suddenly became one euro.
“So, somebody stole half of our money.”
The Italian lira was the official currency in Italy until January 1, 1999, when it was replaced by the euro.
Another Italian said Italy should remain in the euro but warned: “No, I don’t think we should leave but we should renegotiate so we are not bowing our heads to Germany.”
One Italian said: “I’d be ok with trying to leave the euro. But, of course, things could get even worse.”
Needless to say, we have many friends on this list…not to mention us three amigos!
The Department Of Homeland Security Plans To Compile A List Of All Bloggers, Journalists And “Social Media Influencers” June 3, 2018
Many were hoping that once Barack Obama was out of office we would see less of this Big Brother surveillance nonsense, but instead it seems to be getting even worse. In fact, the Department of Homeland Security has just announced that it intends to compile a comprehensive list of hundreds of thousands of “journalists, editors, correspondents, social media influencers, bloggers etc.”, and collect any “information that could be relevant” about them. So if you have a website, an important blog or you are just very active on social media, the Department of Homeland Security is going to put you on a list and will start collecting information about you. The DHS has already announced that it will hire a contractor to aid in monitoring media coverage, and they will definitely need plenty of help because it is going to be a very big job…
As part of its “media monitoring,” the DHS seeks to track more than 290,000 global news sources as well as social media in over 100 languages, including Arabic, Chinese and Russian, for instant translation into English. The successful contracting company will have “24/7 access to a password protected, media influencer database, including journalists, editors, correspondents, social media influencers, bloggers etc.” in order to “identify any and all media coverage related to the Department of Homeland Security or a particular event.”
“Any and all media coverage,” as you might imagine, is quite broad and includes “online, print, broadcast, cable, radio, trade and industry publications, local sources, national/international outlets, traditional news sources, and social media.”
Good As Gold: Turkey Uses Bullion To Stabilise Its Economy June 4, 2018
Turkey’s Economy Has Been In A Tailspin With An Inflationary Currency, But The Country Is Using Something Rare To Help Stabilise Itself: Gold.
In late 2011, Turkey started to allow commercial banks to use gold instead of the Turkish lira for their required deposits at the central bank. These deposits are known as reserve requirements and help ensure that the banks are capitalised.
Over the past six-or-so years, Turkey’s central bank has accumulated an additional 400 metric tonnes of gold. That’s a lot of yellow bricks – more than what Britain has – and the sizeable stash has the possibility to take the edge off the crisis.
To put the Turkish gold haul in perspective, there are 10 million ounces of gold – roughly 311 tonnes – at the Bank of England, according to the New York-based financial consulting firm CPM Group.
The burgeoning balance of bullion comes as the result of a change in banking rules made earlier this decade.
“I thought the Turkish thing was pure genius,” says Jeff Christian, founder of CPM Group. “It was using gold in the way that you should use it.”
I don’t expect most other states are much better off than New Jersey.
But I wonder if anyone is figuring this into inflation numbers!
‘A better way of putting it, as Bloomberg has done, is that New Jersey’s budget “would raise taxes on almost everything.” ‘
MSM doesn’t appear to reflect the serious of this situation. By serious, I don’t mean New Jersey’s financial straits, but the inevitability to stem the oncoming inflation bomb.
Inflation comes by way of many roads:
“While the state sales tax currently sits at 6.625%, Murphy has proposed returning it to 7% – reversing a deal both Christie and Democratic lawmakers struck in 2016 in exchange for a .23c gas tax hike.”
New York City hikes pack of cigarettes to $13, highest in US
NEW YORK CITY (WABC) —
The price of a pack of cigarettes in New York City has gone up to at least $13 as a law officially takes effect June 1.