Sunday, July 25, 2021

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USA 10 YR YIELD HITS 2.74% AND THEN CRASHES BACK TO 2.71% ON HAWKISH FOMC/GOLD AND SILVER RISE ON INFLATION EXPECTATIONS

by Harvey Organ, Harvey Organ Blog:

GOLD UP $3.10 TO $1336.9 AT COMEX CLOSING TIME AND THEN SHOOTS UP ANOTHER 9.00 DOLLARS TO $1346.00/SILVER IS UP 17 CENTS TO $17.27 AT COMEX CLOSING TIME THEN SHOOTS UP TO $17.34/BANKERS ISSUE 14,404 EFP CONTRACTS TO LONGS AS A LONDON FORWARD/BANKERS ISSUE 2467 CONTRACTS TRANSFERRING LONGS OVER FOR A LONDON BASED FORWARD/HUGE SWAMP STORIES FOR YOU TONIGHT!!

GOLD: $1336.90 UP $3.10

Silver: $17.27 UP 17 cents

Closing access prices:

Gold $1344.20

silver: $17.34

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1347.22 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1339.70

PREMIUM FIRST FIX: $8.52

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SECOND SHANGHAI GOLD FIX: $1353.55

NY GOLD PRICE AT THE EXACT SAME TIME: $1342.85

Premium of Shanghai 2nd fix/NY:$10.70

SHANGHAI REJECTS  NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1343.35

NY PRICING AT THE EXACT SAME TIME: $1343.10

LONDON SECOND GOLD FIX 10 AM: $1345.35

NY PRICING AT THE EXACT SAME TIME. $1344.40???

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 452 NOTICE(S) FOR 45200 OZ.

TOTAL NOTICES SO FAR: 452 FOR 45200 OZ (1.4059 TONNES),

For silver:

jANUARY

116 NOTICE(S) FILED TODAY FOR

580,000 OZ/

Total number of notices filed so far this month: 116 for 580,000 oz

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Bitcoin: BID $10,203/OFFER $10,080 UP $176 (morning)

Bitcoin: BID/   $9984/ $10,200 offer down 51  (CLOSING/5 PM)

 

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY CONSIDERABLE 2830 contracts from 201,188 FALLING TO 198,358 DESPITE YESTERDAY’S TINY  6 CENT FALL IN SILVER PRICING.  WE HAD CONSIDERABLE COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  2467 EFP’S FOR MARCH AND AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 2467 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE  MAJOR PLAYERS WILLING TO TAKE ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 2467 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY:

2467 CONTRACTS (FOR 1 TRADING DAYS TOTAL 2467 CONTRACTS OR 12.335 MILLION OZ: AVERAGE PER DAY: 2467 CONTRACTS OR 12.335 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  12.335 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.17% OF ANNUAL GLOBAL PRODUCTION

 

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  248.205 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236,879 MILLION OZ

 

RESULT: A CONSIDERABLE SIZED LOSS IN OI COMEX DESPITE THE  6 CENT FALL IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 2467 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 2467 EFP’S WERE ISSUED FOR TODAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY LOST 363 OI CONTRACTS i.e. 2467 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 2830  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 6 CENTS AND A CLOSING PRICE OF $17.10 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.9915 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT JANUARY MONTH/ THEY FILED: 116 NOTICE(S) FOR 580,000 OZ OF SILVER

In gold, the open interest ROSE  BY A LARGE 2891 CONTRACTS UP TO 559,332 DESPITE THE GOOD SIZED FALL IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($4.85). IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TODAY AND IT TOTALED A GOOD SIZED  14,404 CONTRACTS OF WHICH FEBRUARY SAW 14,404 CONTRACTS ISSUED AND  APRIL SAW THE ISSUANCE OF 0 CONTRACTS.    The new OI for the gold complex rests at 561,437. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DUE TO THE DELAY IN THE RELEASE OF YESTERDAY’S DATA YOU CAN BET THE FARM THAT THEY HAVE DELAYED THE RELEASE OF MANY EFPS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR JANUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE TODAY WE HAVE A GAIN OF 17,295  CONTRACTS: 2891 OI CONTRACTS INCREASED AT THE COMEX AND A STRONG SIZED  14,404 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 11909 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 14,404 CONTRACTS OR 1,440,400  OZ OR 44.803 TONNES (1 TRADING DAYS AND THUS AVERAGING: 14,404 EFP CONTRACTS PER TRADING DAY OR 1,440,400 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 1 TRADING DAYS: IN  TONNES: 44.8 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 44.8/2200 TONNES =  2.03% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JANUARY ALONE.

 

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  697.02 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  GOOD SIZED INCREASE IN OI AT THE COMEX WITH THE LARGE SIZED FALL IN PRICE IN GOLD TRADING YESTERDAY ($4.85). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS ARE WAITING TO RECEIVE A PRIVATE EFP CONTRACT FOR EITHER FEBRUARY OR APRIL AND THESE GUYS ARE STILL NEGOTIATING THEIR DEAL. WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 14,404 AS THESE HAVE ALREADY BEEN NEGOTIATED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 14,404 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 17,295 contracts ON THE TWO EXCHANGES:

14,404 CONTRACTS MOVE TO LONDON AND  2891 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 53.79 TONNES).

we had: 452 notice(s) filed upon for 452,200 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD

With gold UP  $3.10, the crooks orchestrated another big change in gold inventory at the GLD/a withdrawal of 5.32 tonnes of gold/

Inventory rests tonight: 841.35 tonnes.

SLV/ 

A NO CHANGES IN SILVER INVENTORY AT THE SLV/ INVENTORY RESTS AT 313.896 MILLION OZ/

end

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL BY A CONSIDERABLE 2830 contracts from 201,188 DOWN TO 198,358 (AND now A LITTLE FURTHER FROM  THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE  THE SMALL SIZED LOSS  IN PRICE OF SILVER  (6 CENTS WITH RESPECT TO  YESTERDAY’S TRADING).   OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER GOOD 2467 PRIVATE EFP’S FOR MARCH  (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 0 EFP’S FOR ALL OTHER MONTHS .  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD MINIMAL COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE  OI LOSS AT THE COMEX OF  2830 CONTRACTS TO THE 2467 OI TRANSFERRED TO LONDON THROUGH EFP’S WE OBTAIN A LOSS OF 363 OPEN INTEREST CONTRACTS.  WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET LOSS TODAY IN OZ ON THE TWO EXCHANGES: 1.815 MILLION OZ!!!

RESULT: A CONSIDERABLE SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE SMALL SIZED LOSS  OF 6 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). BUT WE ALSO HAD ANOTHER GOOD 2467 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR FEBRUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed DOWN 7.17 points or 0.21% /Hang Sang CLOSED UP 193.68 pts or 0.86% / The Nikkei closed DOWN 193.68 POINTS OR 0.83%/Australia’s all ordinaires CLOSED UP 0.18%/Chinese yuan (ONSHORE) closed UP at 6.28897/Oil DOWN to 64.09 dollars per barrel for WTI and 68.03 for Brent. Stocks in Europe OPENED IN THE GREEN .   ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.2887. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.2887//ONSHORE YUAN MUCH STRONGER AGAINST THE DOLLAR/OFF SHORE MUCH STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  MUCH WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS HAPPY TODAY.(STRONGER CURRENCY BUT STILL  WEAK MARKETS )

 

Read More @ HarveyOrganBlog.com

Clearing up the Memo Spin

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from Tracy Beanz:

Watch: Michael Wolff Kicked Off “Morning Joe” by Mika Brzezinski Mid-Interview

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from The Anti Media:

The anti-Trump “resistance” appears to be turning on itself.

Independent media is under attack — and we need your help to save it! Click here to become an Anti-Media patron.

On Thursday morning, in a rare example of the antipathy many journalists feels toward “Fire and Fire” author Michael Wolff, MSNBC co-host Mika Brzezinski abruptly cut off her interview with Wolff on Morning Joe, after the author of the scandalous, if largely fictional, “tell all” book of the Trump presidency, said he never suggested that U.N. Ambassador Nikki Haley had an affair with President Donald Trump.

To that Brzezinski replied, “You might be having a fun time playing a little game dancing around this, but you’re slurring a woman. It’s disgraceful.”

“We’re done” the Morning Joe then cut off the interview after asking, with a straight face, “are you kidding? you’re on the set of Morning Joe, we don’t BS here.”

The exchange comes after Wolff recently appeared on Real Time With Bill Maher, where he said he was “absolutely sure” the president was having an affair with someone, and alluded to who that person was in one paragraph of his White House tell-all—that person being Haley, according to the Daily Beast. In the following days, Haley – a former South Carolina governor – has vehemently denied any relationship with Trump.

Minutes after Wolff was kicked off, he tweeted: “My bad, the President is right about Mika“…

… followed by: “The last time I was on Morning Joe off camera Joe and Mika eager to gossip about who Trump might be sleeping with.”

In more tweets, Wolff said, “It really would be hard to gossip more eagerly off camera than Mika and Joe gossip,” and “To be invited on a show with the purpose of being thrown off… is the new television.”

As a reminder, last summer Trump slammed Mika for being “low IQ” and “crazy” among other things.

Read More @ TheAntiMedia.com

Gold Bullion Price Suppression To End? Bullion Bank Traders Arrested For Manipulating Market

by Mark O’Byrne, Goldcore:

Gold Bullion Price Suppression To End? Bullion Bank Traders Arrested For Manipulating Market

– CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation
– Deutsche Bank ‘engaged in a scheme to manipulate the price of precious metals futures contracts’
– UBS ‘attempted to manipulate the price of precious metals futures contracts’
– HSBC engaged ‘in numerous acts of spoofing with respect to certain futures products in gold and other precious metals’
– Gold ‘experts’ continue to deny legal rulings, evidence amassed by GATA, admissions by banks and central banks including Greenspan and monetary history
– Counter intuitively, gold bullion price suppression is good news for those prudent few who look at the situation ‘holistically’, take a long term view and buy gold and silver bullion as insurance

A multi-agency CFTC-led investigation that also involved the Department of Justice and the FBI has resulted in ‘criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes.’

Deutsche Bank, UBS and HSBC had all been accused of engaging in manipulating the gold price and the bullion banks have now admitted they are guilty of the charges and have paid fines.

All those named in the investigation have been found to be manipulating the gold and other precious metals markets.

The banks face fines, although they can hardly be described as hefty given the size of their balance sheets and impact of their actions. Deutsche Bank and UBS have agreed to pay $30 million and $15 million respectively, while HSBC will pay $1.6 million.

The fines have been reduced as each of the banks assisted the CFTC in investigations which go back to activities as far back as 2008 and admitted the charges.

For years the idea that precious metals markets are subject to more than just free market forces has been dismissed by the mainstream media and some market commentators  Many have referred to gold and silver manipulation and gold bullion price suppression as topic fodder for the conspiracy and deep web forums. This is despite many years and reams of much evidence to the contrary.

Read More @ Goldcore.com

James Corbett: “What is The Price of Bitcoin in Dollars – Precisely the Wrong Question”

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by Rory Hall, The Daily Coin:

Cryptocurrencies are not anonymous and they are not decentralized, period. This is to say nothing of the dangers they pose as being “pirate money” that can create real world problems for a persons life. If you don’t believe me simply ask Randall LordRoss Ulbricht or anyone that has had their “wallet” hacked or stolen on any number of exchanges where cryptocurrencies are bought and sold. Whom can they turn when the wallet is drained of 100% of it’s contents?

I am all for free markets and free market innovations. I have been and will continue to be skeptical of a technology that was introduced to the world by a ghost. A ghost is something that comes out of the ether, has no material being and is not part of this world. Well, that perfectly describes Satoshi Nakamoto. Is it a little suspicious the “bitcoin” white paper was introduced to the world on Halloween 2008 at the very height of the financial meltdown or is it just me that sees this through a lens of skepticism?

Is it a little suspicious the foundation for Satoshi Nakamoto’s white paper was actually developed by the NSA and MIT in 1996 and now we learn the all important SHA-256 technology was also developed by the NSA.

The piece of the Bitcoin code created by the NSA is a hash function called SHA-256. SHA stands for Secure Hashing Algorithm. The hash is the expected outcome. An algorithm can be executed on a piece of data, and the output of that algorithm should match the hash. But you can’t figure out what the data was with just the hash. It only works in one direction. And there are enough different combinations that it is virtually impossible for any two pieces of data to create the same hash. Source

The evidence continues to mount that shows these cryptocurrencies are part of a beast system intent on enslaving the masses. The evidence is coming not only from governments and bankers but more importantly from the cryptocurrency experts themselves. The more that I know the more terrifying cryptocurrencies become.

I have been told time and again that I just don’t understand and I just need to research and study how cryptocurrencies work. Well, I have been studying and researching, but I am not interested in what the “charts” are telling me or “how rich I’m going to be” or how cryptocurrencies are going to revolutionize the currency system. No, let’s research what the policy makers are saying and, more importantly, what the policy makers are doing. Well, come to find out, they are saying and doing a lot about a handful of “pirates” attacking their source of power and control. Seems as if no one, with the exception of myself and Ken Schortgen and Chris Duane are actually looking behind the curtain to see what the developers are doing and ask who are these developers. It doesn’t matter what the crypto-crowd says, or doesn’t say, and it doesn’t change the facts.

We have reported what Andreas Antanoppolis stated a couple of years ago when ask the question – “do you have a totalitarian government? because I don’t want to live under that type of government.” Well, Andreas you already do. You just haven’t bothered to look around, earnestly, to see the walls closing in on your life, property and wealth.

It’s no secret that governments around the world are being strangled with unplayable debt. It is no secret the banking system, the too big to fail banks, became insolvent in 2008. These corrupt enterprises need a new “game” to continue the ponzi scheme charade and continue tricking the people into believing that government has all the answers and banks are how you conduct financial transactions. Neither of which is true but the mass of people do not understand this and, therefore, continue to allow these corrupt enterprises to dictate their lives.

Enter a “way out” of the banking system and way around government control – a new currency called cryptocurrency. The magic bean has been discovered! There is just one problem – it’s not magic and it doesn’t work as purported by 99% of the people telling you how great cryptocurrencies are and how freeing cryptocurrency are for the masses.

We recently reported on a debate between Peter Schiff and Peter van Velckenberg. Peter V, is a bitcoin advocate and was debating the virtues of bitcoin with Peter S. Only one problem. Peter V told the truth about bitcoin and spoiled his own party.

Now the non-traceable is the other aspect I wanted to address. We talked about the fundamental innovation as to how this thing (bitcoin) works. It works because there’s a ledger. Not only is that ledger traceable, with perfect fidelity, and there’s only one version of it; not a bunch of records kept by five different international correspondent banks that don’t record beneficial ownership of shell companies that open accounts. There’s one ledger it’s called the blockchain. If you know that someone received a payment at an address on that blockchain you see with perfect fidelity every transaction into and out of that address and this is exactly the type of technological tool that law enforcement has used to apprehend the people that have used these networks for bad purposes. Ross Ulbrecht, the guy that created the Silk Road he was caught with his laptop in front of him. They opened it up, they found the public address where he was receiving payments from the Silk Road drug market and that’s unimpeachable evidence that he benefited from every single atomistic transaction for drugs or heroin that happened on that website. Source

You see Peter V simply explains, in plain english, how perfectly well the blockchain tracks 100% of your transactions and ties 100% of your transactions together with ALL transactions – that’s right, 100% of every transaction, one ever makes! Every time funds come into your account the blockchain ties 100% of the transactions leading up to you receiving those funds back to all those transactions associated with those funds and every time your account sends funds out it tracks all those transactions and ties it back to you regardless of where those funds came from or where they go or how they are used – it is now tied directly to you as well!

Let’s say you receive funds from someone on the blockchain and 47 transactions prior to you receiving those funds someone used some of those funds to commit an act of fraud or embezzlement. The funds in your account are tied directly to that illegal transaction. Not only did you not know anything about the situation you don’t know any of the people involved. Then you send some of those funds out and 138 transactions later someone uses some of the funds in an an illegal drug deal. You are now associated with both acts and it doesn’t matter that you don’t know 99.9% of the people before or after the funds arrived/leave your wallet as you are still associated with those illicit transactions. Pretty cool, aye? This is exactly what Peter V explains above – please re-read what Peter V said and let me know what I missed.

Now, we learn from one of the smartest people in the alternative media space, James Corbett, that bitcoin and cryptocurrencies in general, are not all what we have been told they are. If someone would like to have a battle of wits with Mr. Corbett on this subject you would do well to have all your information gathered properly as I can assure you he has done the deep research and has all the tools necessary to present his side of the debate.

To use cryptocurrencies in the way it was intended or at least in the way some people have intended it for, is a type of “pirate money” is the best way to describe it.

Is it possible, more or less, to use cryptocurrencies sudnonymously (sp?) there is no anonymous use of cryptocurrencies at this point precisely, because as we know, the NSA, GCHQ  and other agencies like that do have access to the trunk line of the internet. So it would be rather naive to think that we are able to mask internet traffic and really baffle them with that. But at any rate. Transactions can remain sudnonymous(sp?) and If they are handled the right way they can be done directly, peer to peer, without the influence of third party middle men. Including across international state boundaries and that can enable a new type of market. A cryptocurrency market internationally.

This is where James really digs in and explains the value of bitcoin and all other cryptocurrencies in a way that is undeniable. This has been part of my argument as well. Chris Duane has been the most vocal about this aspect of cryptocurrencies as they are nothing more than, literally, blips on a screen.

Right now everyone is focused on what is the price of bitcoin in dollars. Which is precisely the wrong question to be asking if you are looking at this as truly disruptive technology. The real question would be “what can I actually get with these bitcoin” without having to change anything to dollars; without having to buy any bitcoins with dollars. Can I earn bitcoin, can I sell things for bitcoin? OR not bitcoin in particular because there are many, many different cryptocurrencies. But the point would be to try to create a cryptocurrency economy that is not dependent on that interface with fiat currency.

The video below begins at the 13:00 mark where Mr. Corbett over the next five minutes will explain everything one needs to understand about bitcoin, cryptocurrencies and the lack of value these digital-illusions bring to the market.

Read More @ TheDailyCoin.org

The Tax Man is Finally Catching Up On the Crypto Market

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by Darryn Pollock, Coin Telegraph:

When Bitcoin was still deeply buried underground in the world of unknown technology and the dark web, it was hardly seen as a threat, or even legitimate by those in power. However, it soon proved many in the mainstream wrong as it’s popularity and price skyrocketed.

Both of these factors have caused regulators and governmental institutions to sit up and take notice. But more than that, they have been forced to take action in response. Regulators are indeed catchingup to Bitcoin, as more and more hard-nosed approaches begin to make the news. It now looks as if the taxation authorities of some countries are also starting to get to grips with this fast moving, and mostly anonymous, monetary system/growing asset.

Just like death and taxes

It is hardly confusing as to why the tax man would want to come knocking on the Bitcoin community’s door. The power of this digital currency, along with others, has handed huge amounts of growth and prosperity to investors, prosperity that has up til now, been largely kept off the grid.

The amount of money, growth, and returns on investment mean that there is room for governments to stake their claim, but their methods in doing so are far more difficult in the grey area of crypto earnings. In normal circumstances, banks and other centralised financial institutions are obliged to disclose finances to taxation authorities. However, the same cannot be said for Bitcoin. There is currently no obligation on exchanges to disclose user information. In fact, it is unconstitutional in most settings, as the USA’s Internal Revenue Service (IRS) found out when they requested data and were turned down by the courts.

Additionally, Blockchain offers a transparent window into wallet addresses and transactions, but with anonymous IDs, these are no good to anyone trying to track down the owners of funds and their respective growth. This is also why there is a widely held fear of money laundering in the Bitcoin world.

How do they do it — from US to Australia

Given the difficulty in pegging down Bitcoin assets, different nations are trying different methods to try and claim tax from profits made by Bitcoin investors. The IRS, for example, has tried asking people nicely to declare their tax, and only 802 listened. The reset merely scoffed and remained in the shadows.

In Australia, the government has deemed that cryptocurrencies are “a form of property”, and therefore: “Any financial gains made from the selling of Bitcoin will generally be subject to capital gains tax (CGT) and must be reported to the Australian Tax Office,” a spokesperson from the tax office said.

While this is still a grey area, there has been a warning issued. The Australian Tax Office has warned it will be looking out for tell-tale signs of crypto tax dodgers living beyond their means:

“The Australian Tax Office is here to help those that are genuinely trying to meet their tax obligations. However, where people attempt to deliberately avoid these obligations, we will take strong action.”

This includes using “a range of existing powers” which are used to address “unexplained wealth and conspicuous consumption that may arise through profits derived from cryptocurrency investment”.

The South African Revenue Services (SARS) said in December last year that it would be exploring ways in which to track cryptocurrency trades in the hopes of addressing tax avoidance. In the meantime, it is looking to provide its own guidance for citizens on the tax treatment of cryptocurrencies, its first foray into controlling the gains made. As Asheer Jaywant Ram, senior lecturer in the School of Accountancy at the University of the Witwatersrand, puts it:

“I think there is enough interest and enough scope for SARS to be looking into this space, but now the question becomes, are they really going to accept taxpayers declaring their gains as capital gains tax or are they going to just say it is all revenue in nature?”

Income or capital?

This is a key question that a lot of nations will have to put to the sword as, should it be taxed as income, as opposed to capital, it will be at a higher rate. Proving that it was indeed a long-term investment, and thus subject to gains tax, is far more difficult in the fast moving ecosystem that is Bitcoin. Ram adds:

“Those sorts of debates on the nature of Bitcoin – I think those are coming – and I think it would be very interesting to actually see the outcome of those debates”

Read More @ CoinTelegraph.com

The Night the Democratic Party Committed Political Suicide

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by Wayne Allyn Root, Townhall:

Before I get to the embarrassment of the nasty, bitter State of the Union display by the Democratic Party, let me lead with great news.

First, the jobs front. Wednesday morning saw the release of ADP/Moody’s Analytics private payrolls report. New job creation exploded once again under President Trump. Businesses added 234,000 jobs in January versus an expected 185,000. Manufacturing added 12,000 jobs and construction 9,000 new jobs – in a traditionally slow month. WOW.

Secondly, the numbers from Trump’s State of the Union. Fox News had the biggest audience for a State of the Union in the history of cable news. The old record of 6.5 million viewers was smashed by smithereens by Trump with an astonishing 11.7 million viewers. It was also the highest rated presidential address of any kind in the history of cable news. 

Now to the reaction from viewers. CBS took an instant YouGov poll. Here are the amazing results. 

97 percent of Republican viewers liked Trump’s speech. 

72 percent of independents liked it.

Amazingly, 43 percent of Democrats liked it. 

Overall 75 percent of Americans approved of the speech. And a shocking 8 out of 10 felt President Trump was trying to unite the nation, rather than divide it. Two-thirds reported the speech made them feel proud. 

Which means anyone who isn’t a bitter, nasty, arrogant, hateful, Kool-Aid drinking socialist loved what they saw. Unfortunately, that leaves the entire Democrat Congress.

That’s why I report the Democratic Party committed political suicide on Tuesday night. Their response to Trump’s speech was out of bounds. It wasn’t normal. It was hateful. It was bizarre. Actually, in a word, it was “foreign.” The Democratic Party is now a foreign party in their own country. They no longer have any understanding of what people born in America think or feel. 

It’s perfectly fine to be respectfully opposed to the politics of one party or president. That’s acceptable. That’s as American as apple pie. But that’s not what happened on Tuesday night. 

Democrats were outed as the party that is rooting for America’s failure. Rooting against a booming economy. Rooting for misery, instead of prosperity. Rooting against job creation. Rooting against a booming stock market. Rooting against employee bonuses. Angry about the lowest black unemployment ever. Angry about the lowest Hispanic unemployment ever. Angry at the lowest female unemployment in 18 years. 

They openly frowned, grimaced, groaned and looked sick to their stomachs when President Trump celebrated the American flag…the national anthem… American freedom… and American opportunity. Bizarre. Self-destructive behavior.

But wait it gets worse. Democrats appeared to be on the side of murderous MS-13 gangs. When Trump touted legislation to help stop gang violence, drug dealing and murder by vicious MS-13 gangs…and when Trump introduced the parents of two young girls murdered by MS-13 killers…Democrats booed and groaned. 

Democrats clearly believe discussing murders by illegal aliens is “racist.” Democrats clearly believe Trump has to be Hitler or KKK to publicly admit there are people of color (gasp) murdering innocent Americans. This was the second worst moment of disconnect in American political history.

Now to the single worst disconnect ever. Amnesty-loving Democratic Congressman Luis Gutierrez WALKED OUT upon hearing chants of “USA, USA!” It was too much for him. He appeared to be on the verge of tears. Democrats consoled him. To Democrats, it’s now “racist” to love your country.

Read More @ Townhall.com

Pelosi Acknowledged People Are Angry Over ‘Crumbs’ Comments — So Said It Again

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by Amber Athey, Daily Caller:

Rep. Nancy Pelosi again referred to worker bonuses as “crumbs,” even while acknowledging that people have been mocking her for her out-of-touch comments.

Pelosi spoke at another tax-reform town hall in Massachusetts on Thursday, and made sure to remind everyone that she thinks the $1,000 bonuses companies are handing out in the wake of Trump’s tax cuts are “crumbs.” 

Her comments were relatively incoherent, but she essentially argued that the bonuses are nothing when compared to what the corporations get in tax cuts. She also admitted that she’s seen the ads mocking her for calling them “crumbs.” (RELATED: Pelosi: $1,000 Is ‘Crumbs’ For The Middle Class) 

“There is a tax advantage in the beginning for workers and that’s their enticement,” Pelosi said. “While they give banquets to… the high end, to corporate America, and I say ‘crumbs,’ they mock me in ads for saying that, compared to what they get at the high end.”

WATCH:

Read More @ DailyCaller.com

They Figured It Out!

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from Mark Dice:

#ReleaseTheMemo – Even Democrats Are Admitting That This Memo Could Get Mueller And Rosenstein Fired

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by Michael Snyder, End Of The American Dream:

Never before has there been so much talk about a memo in Washington.  In a previous article, I claimed that this could be “the biggest scandal in D.C. since Watergate”, but the truth is that this could actually be bigger than Watergate.  As you will see below, there are some that believe that this memo will implicate members of the previous administration all the way up to Barack Obama himself.  In the short-term, we are likely to see a number of top government officials fired, and even Democrats are admitting that this could include Deputy Attorney General Rod Rosenstein and Special Counsel Robert Mueller.  The following comes from Reuters

The top Democrat on the U.S. House of Representatives Intelligence Committee said on Wednesday a memo by the panel’s Republicans opens the door for the White House to fire the special counsel probing Russia’s alleged meddling in the U.S. election or the No. 2 official at the Justice Department.

“It … increases the risk of a constitutional crisis by setting the stage for subsequent actions by the White House to fire (Special Counsel Robert) Mueller or, as now seems more likely, Deputy Attorney General Rod J. Rosenstein,” Representative Adam Schiff said in an opinion piece in the Washington Post.

But if this memo is as damning as some believe that it will be, getting fired will not be the end of the story for many of these top officials.

If it is true that government surveillance powers were illegally used to target Donald Trump and his associates, and if it is true that the Obama administration, the FBI and the Clinton campaign illegally colluded in a desperate attempt to destroy Donald Trump, we should be seeing a lot of really big names go to prison.

In a previous article, I discussed how outraged many Republican members of Congress were after they initially read this memo.  Since that time, we have learned that current FBI Director Christopher Wray was “shocked to the core”after reading the four-page FISA abuse memo, and that he immediately asked Andrew McCabe to resign the next day…

Carter: What we know tonight is that FBI Director Christopher Wray went Sunday and reviewed the four-page FISA memo. The very next day, Andrew McCabe was asked to resign. Remember Sean, he was planning on resigning in March – that already came out in December. This time they asked him to go right away. You’re not coming into the office. I’ve heard rep[orts he didn’t even come in for the morning meeting – that he didn’t show up.

Hannity: A source of mine told me tonight that when Wray read this, it shocked him to his core.

It is absolutely imperative that the American people be given the opportunity to see this memo.

I believe that this memo has the potential to end the investigation that has haunted the president for nearly his entire time in the White House, and I believe that this memo also has the potential to throw the Democratic Party into a complete state of disarray.

Personally, I have been very vocal about the need to release this memo, and I don’t know why any of my opponents don’t seem to want to speak out publicly about this.  Maybe they have been and I have just not seen it yet.  So if any of you know of any public statements by my opponents on this matter please let me know.

As I stated during the recent candidate debate, I am not going to shy away from the hard issues, and that definitely sets our campaign apart from the exceedingly bland campaigns of my opponents.

The good news is that it looks like this memo may be on the verge of being released.  According to Zero Hedge, President Trump appeared to tell a member of Congress that he was on board with releasing the memo as he was leaving the State of the Union address…

It appears President Trump has managed to set another narrative as he left the House Chamber.

As Trump shook hands up the aisle after his SOTU address,Rep. Jeff Duncan called out to Trump, asking him “Let’s release the memo,” referring to the House Intelligence Committee’s FISA memo.

As the following clip shows, Trump responded instantly: “Oh yeah, don’t worry, 100%.”

Because this memo could potentially end the Special Counsel’s investigation, it would definitely make sense for Trump to release it.

And because this memo could be such a disaster for Democrats, it also makes sense why they are vehemently opposing any effort to make it public.

If it was just embarrassing that would be one thing.  Unfortunately, it appears that this memo is going to implicate many of the biggest names in the Democratic Party including Barack Obama.  Just consider what former Secret Service agent Dan Bongino is saying

Dan Bongino: It is not a coincidence that Devin Nunes who has an entire scope of what happened went back in March to the White House facility to read very specific intel that I think will very likely be in this memo. What am I saying by this? That the information was likely breached to Barack Obama. What does that mean? That means that this information was being used by Hillary and all of this other stuff that was in this dossier and all of this spying was probably being inserted into daily briefs by Barack Obama. Why else would Nunes have to go to the White House to read it.

Read More @ EndOfTheAmericanDream.com

How to stage a fake bioterror attack

by Jon Rappoport, No More Fake News:

“Imagine this. A big-time doctor from the US Biological Warfare Group waddles into a meeting room, where a collection of Army, CIA, NSA, and DHS representatives sit quietly in their chairs. He says: ‘So I understand you boys want to put on a little domestic bioterror show, to keep the natives from becoming too restless. Well, the first thing you need to know is, germs don’t obey orders. Forget all that sci-fi nonsense. Germs work and they don’t work. It’s a crapshoot. You could have a big fat dud on your hands. I can tell you how to make it work, though, if you give up on your fancy high-tech wet dreams…” (The Underground, Jon Rappoport)

There are future scenarios which, with enough exposure before they’re staged, can be stopped—or at least analyzed correctly when they occur.

A calculated bioterror event is one of those.

The primary fact is: no matter what kind of germ you’re talking about or where it came from, releasing it intentionally does not guarantee predictable results. Far from it.

For instance, people whose immune systems operate at different levels of strength are going to react differently.

The perpetrators may find that less than 2% of people exposed get sick or die.

But there is another strategy that should be understood:

The use of a germ as a cover story for a chemical.

In other words, there is no germ attack. It’s called a germ attack, but that’s a lie. The perps bring in researchers to the affected area, who go on to claim they have isolated a germ that is the cause of death and illness. It’s a sham. What really happened was:

The spread of a toxic chemical that can’t be detected, unless you’re looking for it.

The chemical has severe, deadly, and predictable effects for a week or two. Then it disperses and loses potency and the “epidemic” is done.

In some town, a fairly isolated community, the word goes out that people are suddenly falling ill and dying. The CDC and the Army are called in to cordon off the area and quarantine all citizens. A peremptory announcement is made, early on, that this is a biowar attack.

Major media are allowed outside the periphery. Network news anchors set up on-location and do their wall to wall broadcasts “from the scene.”

The entire nation, the entire world, is riveted on the event, 24/7.

People inside the cordon fall ill and die. Reports emerge from the town:

The networks state that “heroic doctors are taking samples of blood and the blood is being analyzed to find the germ that is causing the epidemic.” The DOD confirms over and over that this is, indeed, a biowar attack.

Human interest stories pile up. This family lost three members, that family lost everybody. Tragedy and horror produce the desired empathic response from “the world community.”

It’s a soap opera, except real people are dying.

The medical cartel promotes fear of the germ.

All controlling entities obtain their piece of the terrorist pie.

Finally, the doctors announce they have isolated the germ causing death in the small town, and researchers are rushing to develop a vaccine (which they produce in record time).

Everyone everywhere must be vaccinated, now. No choice. Do it or be quarantined or jailed.

In this declared martial law situation, the doctors are the heroes. The doctors and the Army. And the government, and even the media.

Then, after a few weeks, when the potency of the secret chemical has dispersed, it’s over.

When you think about it, this scenario is a rough approximation of what happens every day, all over the world, in doctor’s offices. The doctors are prescribing chemicals (drugs) whose effects are far more dangerous than germs that may (or may not) be causing patients to be ill.

In other words, a chem-war attack is being leveled at people all over the world all the time.

See Dr. Barbara Starfield (Johns Hopkins School of Public Health), July 26, 2000, Journal of the American Medical Association, “Is US health really the best in the world?” 106,000 people in America are killed every year by FDA-approved medical drugs. That’s over a million people per decade.

In the wake of a staged “biowar” terror attack, new laws are enacted. The State clamps down harder on basic freedoms. The right to travel is curtailed. Criticizing the authorities is viewed as highly illegal. Freedom of assembly is limited.

“Citizens must cooperate. We’re all in this together.”

A new federal law mandating the CDC schedule of vaccines for every child and adult—no exceptions permitted—is rushed through the Congress and signed by the President.

It’s all based on a lie…in the same way that the disease theory of the medical cartel is based on a lie: the strength of an individual’s immune system is the basic determinant of health or illness, not germs considered in a vacuum.

There are people who are determined to inflate the dangers of germs. They trumpet every “new” germ as the end of humankind on the planet. They especially sound the alarm when researchers claim a germ may have mutated or jumped from animals to humans.

“This is it! We’re done for!”

However, if you check into actual confirmed cases of death from recent so-called epidemics, such as West Nile, SARS, bird flu, Swine Flu, and Ebola, the numbers of deaths are incredibly low.

If political criminals, behind the scenes, wanted to stage a confined “biowar” event, they would choose a chemical, not a germ, and they would leverage such an event to curtail freedom.

Understand: researchers behind sealed doors in labs can claim, with unassailable ease, that they’ve found a germ that causes an outbreak. Almost no one challenges such an assertion.

This was the case, for example, with the vaunted SARS epidemic (a dud), in 2003, when 10 World Health Organization (WHO) labs, walled off from view, in communication with each other via closed circuit, announced they’d isolated a coronavirus as the culprit.

Later, in Canada, a WHO microbiologist, Frank Plummer, wandered off the reservation and told reporters he was puzzled by the fact that fewer and fewer SARS patients “had the coronavirus.” This was tantamount to confessing that the whole research effort had been a failure and a sham—but after a day or so of coverage, the press fell silent.

SARS was a nonsensical farce. Diagnosed patients had ordinary seasonal flu or a collection of familiar symptoms that could result from many different causes.

But the propaganda effort was a stunning success. Populations were frightened. The need for vaccines, in the public mind, was exacerbated.

Several years ago, I spoke with a biologist about the fake bioterror scenario I’ve sketched out above. His comment was: “Do you think any mainstream scientist would dare go into that cordoned-off town and actually check the area for a highly toxic chemical? He’d be blackballed, exiled, and discredited in a minute. The authorities would call him crazy. And that’s if he were lucky.”

Read More @ NoMoreFakeNews.com