Tuesday, June 22, 2021

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Negotiating yourself into good health habits: Expert shares tips for successful manipulation of your mindset

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by Russell Davis, Natural News:

Sticking to a healthy eating habit is challenging for most of us as it remains to be a prospect between pros and cons, psychology expert Elliot Berkman writes in a Daily Mail article. According to Berkman, the dichotomy between good and bad habits has its roots in the Western thought and has well encompassed history in classic examples such as reason versus passion among Greeks and the concept of sin and redemption among Judeo-Christian practitioners.

Berkman, a psychology professor at the University of Oregon, stresses that maintaining healthy eating habits is more than a two-way street and involves multiple facets of discipline. According to Berkman, likening the process into a battle between two sides may prove counterproductive as the human mind is designed to contain more than just two systems that work during decision making.

In order to effectively follow a healthy eating habit, Berkman suggests the following:

  1. Flee from temptation – Avoiding the potential battle is perhaps the most important step in anything that involves conflict. Berkman highlights the importance of avoiding places that would otherwise prompt a person to order unhealthy food.
  2. Get excited – Another way to maintain a healthy eating habit is getting excited about the prospect of eating healthy food, Berkman notes.
  3. Indulge once in a while – The psychology expert stresses that indulging in treats once in a while is a crucial part of forming a healthy habit. According to Berman, some people even plan when to indulge in order to give themselves a break.

The psychology experts concludes that people’s health still depends on the choices they make. (Related: “Perfect day on a plate” — doctor shares daily dietary tips for healthy living.)

Other hacks to trick the brain into healthy eating

Separate articles posted on Shape.com and the Positive Health Wellness website offer additional tips to coax the brain into following healthy eating habits. These tips include:

  1. Go for a variety –  Dr. Daniel Truong, neurologist and medical director at Orange Coast Memorial Medical Center in Fountain Valley, CA, recommends keeping your favorite treat handy as it prevents overeating if only one flavor is available. “There’s a phenomenon called flavor adaptation. If you continue to eat the same food, eventually you won’t want it as much. Humans love variety, so the more textures and tastes you have available, the more your mind want[s] to try it all,” Dr.  Truong explains.
  2. Use an unpleasant memory – The doctor also notes that recollecting unpleasant food memories, such as feeling sick after eating too many of a certain snack, may trigger food aversion and subsequent decrease in food intake.
  3. Avoid the T.V. – People tend to lose focus on their meals when watching the television, which results in overeating. Temporarily disregarding the television and putting down the mobile phone may reduce unnecessary distractions and help you focus and enjoy your meal.
  4. Eat slowly, chew furiously – People who tend to eat fast are more likely to eat more as satiety sets in much slower. Slowing down on food intake, and thoroughly chewing your food will help coax the brain into sending satiety signals.
  5. Use a bigger fork – Previous studies have shown that using a larger fork helps people feel full at an earlier time. Using a bigger fork tricks the brain that the body takes in bigger food portions, which in turn results in an earlier onset of satiety.

Read More @ NaturalNews.com

Mastercard CEO Calls Bitcoin “Junk” As BTC On Verge of Surpassing His Loan Shark Operation In Value

by Jeff Berwick, The Dollar Vigilante:

Every day now some corporate shill, central banker or politician is being forced to comment on bitcoin as it is now worth $100 billion and bigger than archaic remnants from the past like Goldman Sachs and Paypal.

Rhyming with Paypal, Ajaypal “Ajay” Banga, the CEO of Mastercard was the latest to step up to the microphone and do his best to say why he hates bitcoin.

Aside from the fact that bitcoin is quickly catching up to Mastercard’s $150 billion valuation, he had this to say to the Economic Times today:

“If the government creates digital currency, we will find a way to be in the game. We will provide rails for moving currency from customer to merchant. The government mandated digital currencies are interesting. Non-government mandated currency is junk.”

If you are unclear as to what he said I put it through a crony-capitalist/statist translator:

“If a group of violent criminals in a certain geographic region (government), extort (tax) the people in that region under threat of kidnapping or death and demand they pay their extortion fees with unbacked pieces of paper with dead criminals printed on them, we will do everything we can to become a willing accomplice to their crimes and become a scurious middleman to profit from it. If other people do not do this and use a voluntary free market money we do not like that… at all.”

Of course he would say that bitcoin is “junk”… it threatens and is threatening his entire business model. What else is he going to say? “We will eventually lose all our business to bitcoin, so we give up?”

Perhaps the funniest part of this is that Ajay Banga, which I have to admit is a pretty cool name, is from India where in the last year the government decided to demonetize a large portion of its fiat currency leaving many people broke, standing in long lines for weeks, and caused numerous suicides.

This is the system that Ajay prefers over a voluntary digital currency without middlemen that cannot be demonetized at the whim of a central banker or president leaving hundreds of millions of people destitute!

Also, Ajay probably hasn’t figured out a way to convert his loan sharking business over to bitcoin. Profiting 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} per year in interest from broke people to keep them in perpetual bondage doesn’t work as well without fiat.

Just like Jamie Demon who called bitcoin a “fraud”, or the terrorist Prince from Saudi Arabia, yesterday, who said bitcoin is like Enron, Ajay was told by his handlers to get out there today and try to tell people bitcoin is “junk.”

That’s all they can do. They can’t shut down bitcoin without shutting off the internet. And they can’t arrest bitcoin’s CEO because there is no CEO.

So, they are left trying to attack mathematical computer code with words!

I guess they haven’t heard. Bitcoin is the money badger. It don’t care what you do or say.

While the Saudi prince calls bitcoin a fraud, his loyal slaves don’t appear to think so.

Read More @ TheDollarVigilante.com

Here’s You and Here’s the Top Ten Percent

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by David Haggith, The Great Recession Blog:

In a nutshell, here is a graph that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood — you are living in a dingy bedroom economy that has only seen its net worth decline since the Great Recession began. Those who are in the top ten percent, on the other hand, profited astronomically from the Great Recession. It’s the best thing that ever happened to them, and you helped them do it with tax-backed or even tax-fundedbailouts and by allowing them a perpetual cycle of savings on their capital gains.

Clearly the only ones who “recovered” are at the top

Insanity is repeating the same thing over and over and expecting different results

Now you can see how those bailouts have trickled down to you as well as how capital-gains tax breaks have trickled down. Are you now going to go for Trump’s third-and-greatest-ever round of trickle-down economics?

Lower taxes for corporations may be a good idea (why tax the economic engines and rob them of fuel) if they also come with the end of loopholes (corporate welfare) and with a provision that the corporation cannot be engaged in any corporate buybacks during that tax year or the following. (Without that provision, lower corporate taxes will just fuel useless stock buybacks, making the rich richer, but doing nothing to grow the corporation and grow jobs).

Capital-gains tax breaks, on the other hand, have always been a terrible idea. The notion that such breaks cause people to reinvest their tax savings into creating new factories and jobs is not only proven wrong by thirty-plus years of history (see chart above for just the last decade of decline), but it is ludicrous in concept (even without historic proof):

Why would you reinvest your tax savings from your capital gains (say from the sale of stocks) into building a new factory? Why would you EVER do such STUPID thing when your government is assuring you that you can just buy and sell stocks the rest of your life and get taxed at a special lower rate? Why, especially would you do such a dumb thing when your central bank is assuring you they will keep fueling rising stock prices by giving speculators more free money to invest?

If you ignore the government’s double enticement to simply buy and sell stocks and, instead, reinvest your tax savings into building a factory, you have to …

  • create a business with all that is legally and financially involved,
  • hire people,
  • manage all business activities,
  • deal with all kinds of human problems,
  • take on huge financial risks that profits may never materialize,
  • take on huge future liabilities from the injury or harm that manufacturing can cause,
  • finally, find a market for your product and develop it.

Then, after you have done all of that, you are assured that any of the money you make at that hugely laborious enterprise will be taxed at a higher rate than your first money was taxed at because it is all ordinary profit. Why on earth would you do all of that when you can simply keep making money off of capital gains from speculatively buying and selling stocks in a market supported by your friendly central bankster while paying lower taxes for taking the easy route and, so, multiply your money faster?

Read More @ TheGreatRecession.info

Einhorn Vents his Frustrations about the Crazy Markets

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by Wolf Richter, Wolf Street:

Why trying to bet against this madness is a widow-maker trade. Logic has nothing to do with it.

Investors who’ve approached this stock market and its ludicrous valuations over the past few years from a point of view of fundamentals and “value” – thus, often on the side of short-selling those stocks – have gotten clobbered, or were at least left in the dust by buy-buy-buy fundamentals-don’t-matter automatons.

This has become an exercise in frustration-management for many – including, apparently, David Einhorn, founder and president of Greenlight Capital, a $7 billion hedge fund that became successful by searching for overvalued and undervalued companies and betting one way or the other. This strategy has hit the rocks in recent years. So far this year, the fund is up 3.3{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} while the S&P 500 is up 14{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

In a letter to Greenlight’s clients, reported by Business Insider, he unloaded his frustrations about this crazy market.

“The market remains very challenging for value investing strategies, as growth stocks have continued to outperform value stocks. The persistence of this dynamic leads to questions regarding whether value investing is a viable strategy.

“The knee-jerk instinct is to respond that when a proven strategy is so exceedingly out of favor that its viability is questioned, the cycle must be about to turn around. Unfortunately, we lack such clarity. After years of running into the wind, we are left with no sense stronger than, ‘it will turn when it turns.’”

On the short side, he cited Amazon, Tesla, and Netflix, whose ludicrous valuations are glaring examples of what a good short-target looks like, but so far, most of those daring souls who tried to follow logic and profit from shorting these stocks over the past few years have gotten their head handed to them.

Here’s what Einhorn said about the three heroes that he considers “our three most well-known ‘bubble’ shorts”:

Amazon: “Our view is that just because Amazon can disrupt somebody else’s profit stream, it doesn’t mean that Amazon earns that profit stream. For the moment, the market doesn’t agree. Perhaps, simply being disruptive is enough.”

Tesla: “Tesla had an awful quarter both in its current results and future prospects. In response, its shares fell almost 6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. We believe it deserved much worse.”

Netflix: “On the second quarter conference call, the CEO stated, ‘In some senses the negative free cash flow will be an indicator of enormous success.’ To us, all it indicates is that Netflix is capable of dramatically changing the economics of stand-up comedy in favor of the comedians.”

Yet Amazon is up 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} this year, Tesla and Netflix 58{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}! This market simply doesn’t tolerate logic other than buy, buy, buy – until something changes.

Einhorn goes on to muse about the “alternative paradigm”:

“Given the performance of certain stocks, we wonder if the market has adopted an alternative paradigm for calculating equity value. What if equity value has nothing to do with current or future profits and instead is derived from a company’s ability to be disruptive, to provide social change, or to advance new beneficial technologies, even when doing so results in current and future economic loss?

“It’s clear that a number of companies provide products and services to customers that come with a subsidy from equity holders. And yet, on a mark-to-market basis, the equity holders are doing just fine.”

This “subsidy” from equity holders and creditors to customers has become a common theme on WOLF STREET, including earlier today concerning Netflix. How long are stockholders and bondholders willing to subsidize the prices that consumers pay for goods and services? Netflix thinks forever. Rational brains think not. But so far, rational brains have lost nearly every time.

These companies fight for market share with bleeding-edge pricing to “disrupt,” but equity holders and creditors, instead of punishing companies for it, fall all over them and bid up their shares and bonds, and thus encourage them to do this.

The most glaring example is Tesla, a tiny automaker that’s now bleeding billions of dollars a year in cash and whose vehicle production is so minuscule it’s not even a rounding error in total global production of 94.6 million vehicles. And yet, it has a market capitalization of $56 billion. This disconnect is inexplicable for rational minds – and makes Tesla a very juicy target for shorting the shares.

But shorting crazy stocks in a crazy market is a widow-maker trade; once shares have reached crazy heights, there is no longer a rational limit, by definition, to how much crazier the already crazy shares can get. Someday, those bets will be correct. But in the prevailing market insanity, it’s impossible to divine when exactly that will be.

Read More @ WolfStreet.com

Strange Things Happening In The Paper Gold Market

by John Rubino, Dollar Collapse:

Back in September the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited – was a signal that gold would be going down for a while. It did:

Then things departed from the usual script. A falling gold price tends to make trend-following speculators bearish, which leads them to close out their long positions and expand their short bets. It also leads commercial players – the banks and fabricators that tend to be right at turning points – to start shifting from short to long.

But not this time. As the most recent commitment of traders (COT) report shows, speculators are staying long and commercials are staying short.

Here’s another way to visualize the process. The gray bars on the next chart represent the speculators and the red bars the commercials. Note how their positions tend to move in waves either away from or towards the middle line that represents zero. But lately their positions have flattened out.

Read More @ DollarCollapse.com

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

from ZeroHedge:

As a reminder, nothing lasts forever…

The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank.

“The solution to this is to replace the national currency with a global currency.”

The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen,

“Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”

As Pepe Escobar recently noted, ‘to overcome the excessive domination of the limited number of reserve currencies’ is the politest way of stating what the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar.

Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan. This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan – according to some – will be fully convertible into gold on both the Shanghai and Hong Kong exchanges.

The new triad of oil, yuan and gold is actually a win-win-win. No problem at all if energy providers prefer to be paid in physical gold instead of yuan. The key message is the US dollar being bypassed.

China’s plans for oil futures trading go back more than two decades, with the government introducing a domestic crude contract in 1993 and stopping a year later amid an overhaul of its energy industry. But in 2013, we first hinted at the birth of the petroyuan was looming

In doing so China is effectively lobbing the first shot across the bow of the Petrodollar system, and more importantly, the key support of the USD in the international arena… setting the scene for the petroyuan.

And now, we are within two months of it becoming a reality as China prepares to roll out a yuan-denominated oil contract within the next two months…

“Approval of the trading rules by the securities regulator marks the clearance of a major hurdle toward launch of the contract,” Li Zhoulei, an analyst with Everbright Futures, said by phone.

 

“The latest rules raised entry threshold for investors from the draft rules, which shows the government wants to avoid volatility when it first starts trading.”

Read More @ ZeroHedge.com

GOLD AND SILVER WITHSTAND ANOTHER ATTACK/GOLD DOWN $2.55 AND SILVER IS DOWN 10 CENTS

by Harvey Organ, Harvey Organ Blog:

FINALLY HOUSE COMMITTEES LOOKING INTO CLINTON FOUNDATION/URANIUM ONE SCANDAL/HOUSE COMMITTEE NOW LOOKING INTO THE COMEY HANDLING OF HILLARY CLINTON EMAIL SCANDAL/SENATOR JEFF FLAKE WILL NOT SEEK THE SENATE SEAT IN 2018/REPUBLICANS IN TURMOIL

GOLD: $1277.10 DOWN $2.55

Silver: $16.95 DOWN 10 cents

Closing access prices:

Gold $1277.00

silver: $16.95

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: $1290.44 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1281.80

PREMIUM FIRST FIX:  $8.64(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1291.54

NY GOLD PRICE AT THE EXACT SAME TIME: $1281.30

Premium of Shanghai 2nd fix/NY:$10.24 PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1278.30

NY PRICING AT THE EXACT SAME TIME: $1277.90

LONDON SECOND GOLD FIX  10 AM: $1276.45

NY PRICING AT THE EXACT SAME TIME. 1276.90

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 562 NOTICE(S) FOR  56,200  OZ.

TOTAL NOTICES SO FAR: 3005  FOR 300,500 OZ  (9.346TONNES)

For silver:

OCTOBER

 

 167 NOTICES FILED TODAY FOR

 

835,000  OZ/

Total number of notices filed so far this month: 965 for 4,825,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin:  $5693 bid /$5713 offer DOWN $166.00  (MORNING)

BITCOIN CLOSING;$5665 BID:5685. OFFER  DOWN $191.00

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY ONLY 240 contracts from  192 ,364 DOWN TO 192,124 WITH RESPECT TO YESTERDAY’S TRADING (up  2 CENTS).  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY ONCE AGAIN ORGANIZE ANOTHER ATTEMPTED RAID ON OUR PRECIOUS METALS TODAY. 

RESULT: A SMALL SIZED FALL IN OI COMEX  WITH THE  2 CENT PRICE RISE.  OUR BANKERS COULD NOT COVER MUCH OF THEIR HUGE SHORTFALL SO ANOTHER RAID WAS CALLED UPON.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.962 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 167 NOTICE(S) FOR 835,000  OZ OF SILVER.

In gold, the open interest  FELL BY 1923 CONTRACTS DESPITE THE TINY RISE IN PRICE OF GOLD ($0.30) .  The new OI for the gold complex rests at 527,390. OUR BANKER FRIENDS NO DOUBT COVERED A BIT OF THEIR SHORTFALL WITH THE TINY RISE IN PRICE BUT NOT ENOUGH FOR THEIR LIKING.  THUS THEY CALLED FOR ANOTHER RAID TRYING TO SHAKE MORE GOLD/SILVER LEAVES TO FALL.

 

Result: A SMALL SIZED  DECREASE IN OI WITH TINY RISE IN PRICE IN GOLD ($0.30). WE HAD SOME BANKER GOLD SHORT COVERING AS THE BANKERS FAILED MISERABLY TO LOOSEN ANY GOLD LEAVES FROM THE GOLD TREE YESTERDAY..SO THEY ORGANIZED ANOTHER RAID THIS MORNING.

we had: 562 notice(s) filed upon for 56,200  oz of gold.

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

GLD:   

Tonight , NO CHANGES  in gold inventory at the GLD/

Inventory rests tonight: 853.13 tonnes.

SLV

Today:   STRANGE!! WITH SILVER CLOSING HIGHER WE HAD A WITHDRAWAL OF 1,039,000 OZ FROM THE SLV

INVENTORY RESTS AT 320.288 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 ONLY 240 contracts from 192,364  DOWN TO 192,124(AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) .  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS.

RESULT:  A SMALL DECREASE IN SILVER OI  AT THE COMEX WITH THE  TINY RISE IN PRICE OF 2 CENTS (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF OUR SILVER SHORTS SO ANOTHER RAID WAS ORCHESTRATED THIS MORNING.

(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 MONDAY night/TUESDAY morning: Shanghai closed UP 7.55 points or .22{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED DOWN 150.91 pts or 0.53{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 108.52 POINTS OR .50/Australia’s all ordinaires CLOSED UP 0.09{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP  at 6.6314/Oil UP to 52.27 dollars per barrel for WTI and 57.73 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT LONDON  .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6314. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6331 AND //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  HAPPY TODAY.

Read More @ HarveyOrganBlog.com

USC Prof: ‘Whiteness’ Must Be ‘By Any And All Means, Destroyed’

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from Chris Menahan, Information Liberation:

The University of Southern California is employing a self-described “black identity extremist” who says “whiteness” “must be, by any and all means, destroyed.”

Charles H.F. Davis, according to his bio, is an “assistant professor of clinical education at the Rossier School of Education at the University of Southern California and chief strategy officer and director of research at the USC Race and Equity Center.”

A look at his Twitter profile shows it’s filled with anti-white racial hate and glamorizes the murder of police. 

H.F. Davis’s profile features a picture of himself doing a black power salute and his background image is an excerpt from an extremely graphic black panther comic book which shows a black woman threatening to shoot a white “pig” with a gun. 

Earlier this year, H.F. Davis said, “whiteness and white supremacy must be, by any and all means, destroyed.”

What does “destroying whiteness” entail? Look no further than H.F. Davis’s tweet praising “white genocide” professor George Ciccariello-Maher.

Ciccariello-Maher said late last year that all he wants “for Christmas” is “white genocide.” Ciccariello-Maher clarified his statement by saying that the massacre of whites during the Haitian revolution “was a good thing indeed.”

“I fully support @ciccmaher’s comments about the Haitian Revolution,” Charles H.F. Davis said in response to the controversy on Twitter. 

Read More @ InformationLiberation.com

Taxing 113 out of 365 days

by J Johnson, Miles Franklin:

This past Sunday was the 31st anniversary of “The reform act of 1986” in which our 2 party system came together to help reduce the tax burdens piled on by previous governance.  It was the second tax relief and was most helpful in releasing more of the burden across the entire nation and at all levels of income. What it did in the layman’s term was reduce the number of days of paying tax. We are now at 113 days out of 365, before we enter the tax freedom days. This is the heaviest yoke on our nations people ever recorded!  https://taxfoundation.org/tax-freedom-day-2017/

The burden on the American public is truly oppressive and since we are getting closer to the next midterm election period, the questions of “why did you vote against my tax reduction and why should I vote for you now since you lied back then?” will be ringing loud and clear in the town halls and community centers everywhere USA. This is going to be fun to watch!

Back in the 1980’s, interest rates were coming down putting even more money back into the public’s hands and the economic boom for the country was finally heading upward. Less money was going into the government’s coffers and more was being spent by the public generating supply and demand increases thus greasing the wheels of our economy.  But this time, it’s different.

Yes the tax burden is far heavier than in previous times but the interest rates are at 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, not the 18+{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} as in 1980.  Government malfeasance is one of the causes, pure and simple, (and yes  … again) but the economic side of things may need something more to fire up the financial furnace in order to heat up the economy.  If Trump is able to reduce the tax days by half would it be enough and if not what else could be done? Are there other cuts going on within all things government that may not be told that will help as well? Since we live in some sort of “no worthy news bubble” it is hard to tell what the heck the real reality is.

What may need to be done besides reducing the tax burden is not known at present but one thing for sure, our currency has to come down in value and hard! With that, hyperinflation in all things in order to survive, will rise as well as the precious metals.  A currency event will affect everything and in short order. This may not happen tomorrow or the next week or month, but a correction in credit (and in currency) is coming.

Interest rates have been held artificially low for a very long time. Now there needs to be some form of equilibrium brought back so the prices that have been held up (or down) because of this artificial economic stimulus, can find proper equilibrium within the arena of the trading floor.  I for one am very curious how this will look and what it will do for my risk positions. One thing for sure though, is my precious metal holdings outside this arena are secure and within my own control and no one else’s.

With the precious metal holdings, one can escape the futures volatility and the risk within this third party system. At present the bank holds most people’s funds for them, but for the banks benefit not the investors. The present game is called “deception”, and with the metals in hand one has far less to worry about.

We have a change coming. How deep, how broad, duration of time, and who it will affect, are the questions spinning in my head, but I’m not too worried personally. After all, the idea of holding physical Silver and Gold during times of duress has always been the constant.

The end of every currency experiment in the past has always lead to the highest prices ever in Silver and Gold. We have history as our guide since the creation/finding/rediscovering of the number zero (0) was made. Without this number, there was no bank, no investment, and no leverage. Could something as life altering as this discovered number be in our future?

We’ll find out in time, but for now, interest rates, currency, silver, and gold, are in play. This time though those that want to stay in politics have some very pissed off people to face and a whole slew of new faces to compete against that do not have the history of lies to hide.

Read More @ MilesFranklin.com

Law Firm that Silenced Harvey Weinstein Accusers also Involved in SIVs that Tanked Citigroup

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

Matthew Garrahan dropped a bigger bombshell in the Financial Times yesterday than even he realizes. Garrahan named the law firm that had crafted a gag order in 1998 to silence two women from ever speaking about their encounters with Harvey Weinstein. One woman, Zelda Perkins, was an assistant to Weinstein in London and charged him with egregious sexual harassment. The other unnamed female colleague charged Weinstein with sexual assault. The two were paid $125,000 each and given an iron-clad gag order. The terms of the gag order were so confidential that the women were not even allowed to have a full copy of what they had agreed to, just a summary of some of its terms.

The law firm representing Weinstein with the settlements and gag orders (officially called non-disclosure agreements) was Allen & Overy – the London derivatives powerhouse that also signed off on the Structured Investment Vehicles (SIVs) that played a significant role in helping to blow up Citigroup in 2008, resulting in the largest taxpayer bailout of a bank in financial history.

In 2007, according to Standard & Poor’s Structured Finance research reports, Citigroup was managing the following Structured Investment Vehicles that were incorporated in the Cayman Islands and not consolidated on Citigroup’s balance sheet: Centauri Corp., Beta Finance Corp., Sedna Finance Corp., Five Finance Corp., and Dorada Corp. In addition, according to press reports, Citigroup had created two more SIVs in 2006: Zela Finance Corp. and Vetra Finance Corp. The SIVs contained approximately $80 billion of mostly toxic debt, much of which ended up back on Citigroup’s balance sheet. Allen & Overy was the London counsel to Citigroup on these SIVs.

You don’t have to take our word for this. One of Allen & Overy’s own lawyers actually bragged on the law firm’s website about the key role it played in the “fascinating time” of the financial crisis – the most devastating economic collapse since the Great Depression that left millions of Americans out of work and foreclosure notices on their front door.

Elizabeth Collett described at the time on Allen & Overy’s website that 2007 summer and fall of financial hell as follows:

“The summer of 2007 was a fascinating time for those of us involved in the structured credit markets. Since I joined A&O’s derivatives and structured finance group as an associate in 2004 the capital markets had been growing very fast. With the onset of the credit crunch, however, our work changed from advising investment banks setting up complex finance structures to focusing on how existing structures would be affected by reduced liquidity and falling asset values.

“Structured Investment Vehicles (SIVs) were particularly hit hard given that they rely on constant funding and high credit ratings (which were, in part, reliant on the value of their assets). At its peak, the SIV market was worth around $400 billion (held by 30 vehicles), so it was not long before concern arose that these vehicles might start selling billions of dollars of assets into an already volatile market. In the early Autumn of 2007 the US Treasury called in a number of the biggest US investment banks and asked them to come up with a solution to the problem. Citibank, the largest of them, and the market leader in terms of managing SIVs, took on the challenge. Given A&O’s wealth of experience in advising on SIVs and, in particular, as Citibank’s English counsel on all the SIVs managed by them, we were the natural choice to advise and were therefore the first to be instructed.

“Although by the time the transaction ended there were six law firms (A&O being the only English law advisers), three structuring banks and an investment manager involved, I was fortunate enough to see the deal progress from the beginning. What came out of Citibank’s proposals, developed with our advice, was the Master Liquidity Enhancement Conduit (MLEC or, as the press dubbed it, the ‘Super-SIV’).  I was the lead associate in the A&O team, working with five partners and a number of other associates. I was involved at every stage including co-ordinating the A&O team, drafting parts of the term sheet, participating in conference calls to brainstorm the structure, reviewing and commenting on transaction documents and preparing draft agreements. Over the following two months the media coverage of the transaction gathered momentum (unsurprisingly since it was intended as a $100 billion solution to the SIV crisis) until there were almost daily reports on its progress in the Financial Times and the Wall Street Journal. It was fascinating to be working on such a high profile and politically sensitive transaction, and the media attention highlighted the fact that Allen & Overy is at the very forefront of the legal world in capital markets.”

The Master Liquidity Enhancement Conduit never made it off the ground as major Wall Street firms saw it for what it was – a not so subtle effort to bail out Citigroup by getting big Wall Street firms to chip in.

What actually saved Citigroup was a gun to the head of the taxpayer. Before it was all over, the U.S. Treasury pumped $45 billion in capital into Citigroup; the government guaranteed over $300 billion of Citigroup’s assets; the Federal Deposit Insurance Corporation (FDIC) guaranteed $5.75 billion of its senior unsecured debt and $26 billion of its commercial paper and interbank deposits; and the Federal Reserve secretly sluiced $2.5 trillion, cumulatively, in almost zero-interest loans to Citigroup.

And here’s the really sad part: to this day no one knows why Citigroup was worth saving. Its serial violations have continued since its bailout, including a felony count to which it admitted in 2015 related to its participation in a cartel to rig the foreign exchange market.

As for the legal cunning of Allen & Overy, the Financial Times describes its gag order for Zelda Perkins in the Weinstein matter as follows:

“There are plenty of clauses in it to direct and curtail her future behaviour, including if she were ever asked to provide testimony. One says that if ‘any criminal legal process’ involving Harvey Weinstein or Miramax requires her to give evidence, she will give 48 hours notice to Mark Mansell, a lawyer at Allen & Overy, ‘before making any disclosure’.

“In the event her evidence is required, ‘you [she] will use all reasonable endeavours to limit the scope of the disclosure as far as possible’, the agreement says, adding that she will agree to give ‘reasonable assistance’ to Miramax ‘if it elects to contest such process’.

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