Thursday, December 12, 2019

U.N. Threatens United States Cannot Escape Paying Climate ‘Reparations’

by Alicia Luke, Freedom OutPost:

The United Nations warned the United States cannot escape paying punitive climate ‘reparations.’

A new mechanism was established in 2013, but with damage estimates climbing, there is no agreement on where the money might come from or even if it should be paid, although the U.S. is constantly the target of calls for financial reparations because it is rich, successful and a dominant world economic force.

Comey claims Horowitz report “vindicates” him but in reality the report exposes his FBI and leadership as toxic and unlawful

by JD Heyes, Natural News:

Justice Department Inspector General Michael Horowitz released his long-awaited report on abuses of the Foreign Intelligence Surveillance Act (FISA) Court by the FBI, and it contained very damning information.

As NewsTarget reported, Horowitz found “clear abuse” of the FISA application process used by the FBI to obtain surveillance warrants to spy on a member of the 2016 Trump campaign as well as “significant inaccuracies and omissions” in the application process — by seasoned federal agents, mind you — in the effort to place 2016 Trump campaign adviser Carter Page under surveillance.

As The Financial System Melts Down Gold And Silver Will Soar

by Dave Kranzler, Investment Research Dynamics:

To the extent that some analysts reject the Fed/Wall St/Perma-Bull narrative that the Fed’s repo operation is needed to address “temporary” liquidity issues or was caused by the newer regulatory constraints, the only explanation offered up is that the financial system’s “plumbing” is malfunctioning.  But there has to be an underlying cause…

…The underlying cause is abject deterioration in credit instruments – largely subprime right now – is causing an ever-widening chasm between the value of these securities and the funding used to finance those asset values.  The banks have reduced their willingness to fund  the increasing demand for overnight collateralized loans because they see first-hand the degree to which some of the collateral has become radioactive (CLO bonds, for instance).  The Fed has had to plug the “gap” with its repo operations, several of which have maturities extended up to a month. This is de facto QE, which is de facto money printing.

Brick & Mortar Meltdown Manhattan Style: Lenders Foreclose on Times Square Tower whose Six Retail Floors are 90% Vacant

by Wolf Richter, Wolf Street:

Wow, that was fast: In default is a $650 million portion of a $2 billion loan package, signed in 2018.

“20 Times Square,” a newly built tower at 701 Seventh Avenue in Manhattan, has six retail floors, two underground and four above ground, totaling 75,000 square feet of rentable space. On top of the retail space is the 452 room Edition Hotel. Work started in 2015, when Manhattan’s brick-and-mortar retail properties were still flying high.

Senators Give Explosive Critique of Wall Street’s Top Cop as Mainstream Media Yawns

by Pam Martens and Russ Martens, Wall St On Parade:

It’s becoming clear that the reason so many Americans have their pockets picked by Wall Street scam artists year after year is that mainstream media simply won’t put the dangers of dealing with the mega Wall Street banks on their front pages. Yesterday’s Senate Banking hearing is yet one more example of mainstream media failing the interests of the American people.

At yesterday’s hearing, Senator after Senator probed the Chairman of the Securities and Exchange Commission, Jay Clayton, on what were clearly intentional failings to hold Wall Street accountable. The scathing rebukes of the SEC came from both Republican and Democrats on the Senate panel. But you will find no reports about that hearing on the front pages of newspapers today — or in any section of leading newspapers.

Epstein and Prince Andrew Accuser Posts Chilling Tweet: “I Am Not Suicidal”

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from Vigilant Citizen:

Virginia Giuffre accused Jeffrey Epstein of sex trafficking and Prince Andrew of having relations with her while she was a minor. She recently posted a tweet saying: “I am making it publicly known that in no way, shape or form am I suicidal.”.

Virginia Giuffre is the most visible and prominent accuser in the cases of Jeffrey Epstein and Prince Andrew. She’s been in and out of court on several occasions and has appeared in TV interviews to make her story public.

Willem Middelkoop: Commodity Investors Are Facing a Once-in-a-Lifetime Opportunity to Profit

by Kerry Lutz, Financial Survival Network:

Willem Middelkoop believes we are staring down the beginnings of a generational bull market in commodities. In this interview, Willem shares how he plans to profit from the expected commodity bull market by focusing on investing in mineral discoveries. He discusses how the Commodity Discovery Fund identifies and invests in potential world-class discoveries.

Willem Middelkoop is the chairman of the Commodity Discovery Fund’s management team and is ultimately responsible for the fund’s investment policy. Willem is one of the pioneers of discovery investing and is the author of seven books on economics and financial markets.

Click HERE to Listen

GOLD & SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing

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by Steve St. Angelo, SRSRocco Report:

The gold and silver prices continue to consolidate since reaching new five-year highs in the summer.  Gold is nearly $100 lower from its high of $1,566 on September 4th, while silver is down more than $3 from its $19.75 peak on the very same day.  Thus, gold is down 6% while silver is off by more than 15% from the peak summer prices.

However, some precious metals analysts continue to harp on the “Price Hammering” or “Manipulated” knock-down of the metals when they didn’t complain when both gold and silver increased 23% and 38% respectively from their lows in just three months.  I bring this up again because the time spent fixated on the “supposed” precious metals manipulation will only amount to increased “FRUSTRATION.”  Rather, I believe it’s better to focus on understanding the underlying “ROOT” fundamentals of the market and the impact on the future value of gold and silver.