Saturday, July 2, 2022

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Poverty, Prosperity, and Precious Metals – Jeff Nielson

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by Jeff Nielson, Sprott Money:

In the 20th century; by the end of the 1960’s, Western societies and especially Canada and the United States reached a level of prosperity never seen before – or since. Since the early 1970’s; the standard of living across the Western world has been in a relentless trajectory downward.

An article from April 2012 noted that the standard of living in the United States had already fallen by more than 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} since its zenith. Since that time, the standard of living in the U.S. (and across the West) has been devoured by 5 ½ years more “inflation” – the same “inflation” that the criminal bankers and corrupt politicians insist does not exist.

At the end of the 1960’s; a chocolate bar cost a dime. Today, a smaller version of that same chocolate bar costs close to a dollar. That 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} loss in purchasing power of the paper in our wallets is all inflation.

The beginning of the collapse in our standard of living in the early 1970’s wasn’t the only event of note at that time. The early 1970’s also marked the end of the gold standard. Coincidence?

From the end of World War II until the end of the gold standard, the standard of living across the Western world went almost straight up. Since Paul Volcker assassinated the gold standard, our standard of living has gone straight down. Seventy-five years of “coincidence”?

Of course not. The Criminals themselves have already confessed to their crime.

In the absence of the gold standard, there is no way to protect savings [wealth] from confiscation [theft] through inflation.

– Alan Greenspan

The correct, economic definition of inflation is simple: an increase in the supply of money. Print and steal. The bankers print more of their funny-money, and that dilution causes the value of the sunny-money to decline.

Where does the wealth go? Where has the 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} loss in the purchasing power of our paper gone since the bankers assassinated the gold standard? Into the bankers’ vaults.

All of the new funny-money that is printed up is handed to the Big Banks. The Big Banks, and only the Big Banks (and their oligarch owners ) are immune to the crime of print-and-steal. Everyone else loses.

For 1,000 years, this has been the bankers’ Game. That is why for 1,000 years, every one of their paper fiat currencies has gone to zero. Print-and-steal long enough and eventually you reach zero.

The affluence of the end of the 1960’s was obvious: two-car garages, with only one wage-earner. Virtually everyone who wanted to own their own home could afford to do so, with no more than a 20-year mortgage.

Today, with the typical family, it’s two wage-earners and a one-car garage – for the fortunate minority who can afford to live in their own home. For many of the Working Poor , it’s two wage-earners, an apartment, and no car. And they are still luckier than many: the Homeless People. No car. No roof.

This is what 45+ years of print-and-steal has produced. Readers have been previously alerted to this crime against humanity .

At first glance, this chart may be indecipherable to some, insignificant to others. Look closer.

We see that even though the West and India have nearly identical populations, the West has more than 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more of the poorest-of-the-poor. When we compare the West with Africa, we see that the West (with a slightly greater population) hosts a slightly greater percentage of the poorest-of-the-poor. In proportionate terms; the West and Africa have roughly identical percentages of the poorest-of-the-poor.

Let me repeat this. When it comes to the poorest people on Earth, as percentages of our populations, there are now more of the poorest-of-the-poor in the West than in India, and a virtually identical percentage when compared to Africa .

To be clear, when considering starvation-level poverty, the plight is still worse in so-called Third World nations. However, when it comes to the lowest two deciles of wealth (the bottom 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}), in proportionate terms there are more of such people in the West than in India – and the same amount as in Africa.

Things aren’t much better for the 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the population right above that .

About half of Canadian workers living paycheque to paycheque: survey

Print and steal. From one wage earner and a two-car garage to “paycheque to paycheque”.

Print and steal. The bankers’ Crime can’t continue for another 45 years because print-and-steal does more than impoverish populations. It bankrupts entire societies .

Global Debt Hits 325{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Of World GDP, Rises To Record $217 Trillion

Most of this debt has been created in the West: 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the world’s population, more than half of the world’s debts. Debt Jubilee is now inevitable in the West. For most of the Rest of the World it will be a matter of choice: not allowing only the West’s Deadbeat Debtors to walk away from their debts.

Greece already tried for its own Debt Jubilee – after its economy was totally destroyed by the economic terrorism of the One Bank. The bankers said “no”, telling this bankrupt nation that it had to borrow more money. How perverse is that?

As the holder of all these (illegal and unenforceable) debts, the One Bank will try to delay Debt Jubilee as long as possible. Until then, it is just more print-and-steal. But we do not have to be victims.

Our corrupt governments refuse to protect us from print-and-steal by resurrecting the gold standard. So there is no protection available at the Systemic level. However, we can still protect ourselves as individuals.

Regular readers and astute investors know the antidote to print-and-steal: precious metals. The logic could not be more elementary.

The crime of print-and-steal is how the bankers loot the wealth from inside our paper. How do we protect ourselves? We don’t hold our wealth inside the bankers’ paper. We store our wealth in gold and silver. There it is safe from the One Bank.

Forget about the phony paper prices for gold and silver. Their only significance is a favorable exchange rate when we jettison more of the bankers’ paper.

With our wealth safely stored in gold and silver, all that the Criminals are capable of doing is to temporarily depress the paper exchange rate – they are the Rulers of all that (fraudulent) paper. They can do no more than that. And even here it is important to maintain perspective.

Two thousand years ago in ancient Rome; with a one-ounce gold coin a gentlemen could purchase a suit of the finest clothing, along with accessories – a hand-made toga, belt, and sandals.

Read More @ SprottMoney.com

Behold a Pale Horse, and its Rider is Death

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by Paul Craig Roberts, Paul Craig Roberts:

Two of America’s most populous states, Texas and Florida, are in hurricane ruins, and Washington is fomenting more wars.

The US national debt is now over $20 trillion, and Washington is fomenting more wars.

The entire world is helping Washington foment wars—including two targeted countries themselves—Russia and China—both of which are helping Washington foment more wars. Believe it or not, both Russia and China voted with Washington on the UN Security Council to impose more and harsher sanctions on North Korea, a country guilty of nothing but a desire to have the means to protect itself from the US and not become yet another Washington victim like Afghanistan, Iraq, Libya, Somalia, Yemen, Syria, Serbia, and Ukraine overthrown in a US coup and now poverty-stricken.

I once thought that Russia and China were checks on Washington’s unilateralism, but apparently not. Both governments have been knuckled under by Washington and both voted to punish North Korea for striving to be sufficiently armed to protect its sovereignty from Washington.

Why are Russia and China repeating their same mistake that they made when they supported Washington’s no-fly UN resolution for Libya, a resolution that Washington and NATO stood on its head when they launched air attacks that helped the CIA organized “jihadists” overthrow Libya’s progressive government and murder Gaddafi?

Russia knows that it is surrounded by US nuclear and military bases. So does China. The question is: have Russia and China capitulated out of fear? Or is their cooperation with Washington a ruse while they prepare their own strike on Washington, or are the two misguided governments trying to cooperate with Washington a la sanctions so as to avoid having to confront a US military attack on North Korea?

It requires much competence to confront evil, and there is probably more evil in Washington than there is competence in Russia and China, two counries interested in being rich to an extent that it might cost them their sovereignty and existence.

When you see such potentially powerful countries as Russia and China collapse under Washington’s pressure in the UN Security Council, it makes you wonder if the various analyses of Washington’s many weaknesses are real, and if they are real, if Russia and China are aware of them.

How does one go about explaining why two counries, whose sovereignty is in the way of Washington’s world hegemony, help their known enemy bully yet another small country, especially one in their orbit of influence? How can Russia complain of sanctions against Russia based on nothing but Washington’s propaganda when Russia supports sanctions against North Korea based on Washington’s propaganda?

Russia and China have nothing to fear from North Korean nuclear weapons. Indeed, no one does except a country that attacks North Korea. What is the explanation for Russia and China lining up with Washington’s foreign policy against North Korea when Russia and China know that Washington’s foreign policy is hostile to Russia and China?

Just the other day Washington announced that it was increasing its navy warships in the South China Sea to make sure China doesn’t think the South China Sea is Chinese, instead of American, territorial waters. Just the other day more election interferring charges were leveled against Russia. This time Facebook was the mechanism by which Russia stole the US presidential election.

Read More @ PaulCraigRoberts.com

Blood pressure can be significantly lowered in just one month with magnesium, study finds

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by Michelle Simmons, Natural News:

A study found that everyday magnesium intake significantly reduces blood pressure in a month, reported the Daily Mail.

It stated that taking the recommended dose of 300 milligrams (mg) for males lowered hypertension and boosted the flow of blood. Researchers suggested that people who suffer from, or are at-risk of, high blood pressure should consider taking magnesium supplements. Thirty-four studies with a total of 2,028 participants were reviewed by the researchers from Indiana University. The findings were published in the journal Hypertension.

The results of the study showed that taking a 300 mg magnesium supplement every day for one month is enough to significantly lower hypertension and improve blood flow.

Dr. Yiging Song, lead author of the study, told The Daily Mail that magnesium supplements should be considered for lowering blood pressure in “high-risk persons or hypertension patients.”

The recommended dose of magnesium supplements a day by the United Kingdom’s National Health Services (NHS)  is 300 mg for men aged between 19 and 64, while women need 270 mg.

However, other experts argued that dietary sources of minerals, such as leafy greensbananas, and nuts, are sufficient to raise the level of magnesium in the body.

The study was also reported by Live Science in 2016.

“Our findings support a causal of anti-hypertensive effect of magnesium supplements daily in adults,” the researchers wrote, according to the Live Science report.

“This study underscores the importance of consuming a healthy diet that provides the recommended amount of magnesium as a strategy for helping to control blood pressure,” Penny Kris-Etherton, an American Heart Association spokeswoman and a professor of nutrition at the University of Pennyslvania, said in a statement reported in the Live Sciencearticle.

Magnesium and its benefits

Magnesium is one of the six essential macro-minerals that comprise 99 percent of the body’s mineral content. It plays an important role in helping build bones, enabling nerves to function, and is essential to the production of energy from food.

Magnesium is widely distributed in plant and animal foods and beverages. You can increase your magnesium levels by eating magnesium-rich foods such as dark leafy greens, fish, bananas, dried fruit, and nuts and seeds. Tap, mineral, and bottled waters are also sources of magnesium, but the level of magnesium in water varies by the source and brand. (Related: 11 Foods That Increase Magnesium Levels, Prevent High Blood Pressure, Blood Clots & Muscle Fatigue.)

Don’t overdose

However, having too much of something is also harmful for the body. Be mindful of your magnesium levels as excessive dietary intake of the said mineral also has side effects.

Taking in too much magnesium can lead to magnesium overdose which is technically known as hypermagnesemia. This occurs when there is too much magnesium in the body and can occur, although rarely, in people with chronic health conditions. It is most often seen in people with kidney failure after they take medications containing magnesium, such as laxatives or antacids. People with heart disease and gastrointestinal disorders are also at a higher risk. Other symptoms include lethargy, muscle weakness, irregular heartbeat, urine retention, respiratory distress, and even cardiac arrest.

According to the NHS Office of Dietary Supplements, although too much magnesium from food does not pose a health risk in healthy individuals because the kidneys eliminate excess amount in the urine, high doses of magnesium from dietary supplements or medications can result in diarrhea, nausea, and abdominal cramping.

Instead, some experts recommend people to absorb magnesium topically or through the skin, for example through bath salts.

Read More @ NaturalNews.com

From 9/11 to Antifa- An Eye Opening Point Of View

by Bernie Suarez, The Sleuth Journal:

I want to outline some important points that illustrate how we arrived at where we are today in America. I’m referring to, of course, the America we live in today where Communists and Anarchists under the umbrella of organizations like “Antifa” claiming to be “anti-fascist” are now under a falsely assumed morality violently attacking Americans who disagree with their point of view, predominantly conservatives, Christians, patriots and Trump supporters among others. These attacks of course are not random, they are very much planned and provoked for political reasons.

If we were drawing lines connecting key events starting with 9/11/01 to the present day we would want to consider some important points and key events. Below are just a small list of things to consider.

1- Start with the September 11th 2001 false flag attack on America by the globalist ruling elite. As most of humanity already knows today 9/11 was a false flag military operation, a coup d’etat on America, a day when a lot of money and wealth changed hands and no one to this day has bothered to hold anyone accountable. Among many things 9/11 set the stage for the surveillance state, the endless war on terror and paved the road for Obama to act as the savior in a post-Bush era only to destroy America much more than Bush could have ever dreamed of and roll out the new global order agenda overtly.

2- Many things changed over the course of the past 8 years of Obama. One huge concept I want to bring to your attention to is the notion of “civilian armies” as it compares to the historic view of scary military armies. You may wonder, what could be worse than the notion of an armed military oppressing its own people? We’ve seen this throughout history and no doubt military power under the control of tyrants is a fearful thing. But modern times has shown us that there is another scary reality that can unfold when allowed to do so with the funding of deep state criminals who are trying to overthrow nation states that don’t cooperate with their planned global order and that is armed radical militant civilian armies. Yes, armed uncontrolled radical civilian armies or “militants”, “rebels” or terrorists, as we have seen today can impose just as much misery and chaos on civilization as any military army. We’ve seen this also throughout history and we know that this also doesn’t end very well.

3- Thus when you think of the new global world order rooted in collectivism and cultural marxism think “civilian armies” and remember that Obama promised in his 2008 campaign that he would create an “army of civilians” who he promised would be “just as strong” and “just as powerful” as our military. Ask yourself, what did he mean by this?

4- Globalization and the undermining of all Western values has accelerated beyond belief. Using a global propaganda campaign to indoctrinate the young and using multinational corporations redefining what constitutes, for example, “harassment” the globalists have become the new thought police attempting to dissolve and override all reason, science, conservative values and natural law itself. This massive global attempt to redefine reality is all part of the war on Truth, the war on the individual and the war on nation states. Many argue this is also a war on god, on faith, on science, reason and logic as well. Christians argue this is clearly synonymous with the so called “mark of the beast” and admittedly the symbolisms and similarities are definitely there.

5- Because of the above redefining of language and meaning of things this new thought police has gone from mocking those who exposed the 9/11 crimes as “conspiracy theorists” to now outright accusing those who disagree with us as guilty of “harassment” which unlike the accusation of “conspiracy theorists” carries with it a presumed guilt and an “act” of criminality to it. If you are “harassing” you are committing a punishable crime. This crime of course will then lead to a loss of wages (getting fired), loss of freedom (jail) or worse. Much worse consequences than being called a conspiracy theorist don’t you think?

It is very important to stop this madness that now threatens humanity and America and see it for what it really is. It’s censorship re-packaged as “anti-fascism” and anti-hate. It’s the rolling out of the thought police and the ushering in of the new global order. The video below ties in the road from 9/11 to Antifa.

Read More @ TheSleuthJournal.com

On Guard Against The Banks

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by Turd Ferguson, TF Metals:

Following the events of yesterday, it seems wise this morning to take an in-depth look at the charts in order to discern what moves The Banks may take next in the hope of stemming this rally and reversing the trends.

Let’s start with Comex Digital Gold. It has been in an UPtrend since July 10 and this rally has carried it $150 or about 12.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. In doing so, The Commercials on the CoT have increased their NET short position by 182,000 contracts and, specifically, the 24 Banks of the Bank Participation Report have doubled their NET short position, going from 104,748 contracts NET short in July to 213,746 NET short last week.

This places the CoT in its “worst” position since last September and this BPR reveals the largest NET short position on record. Therefore, you KNOW that The Banks will do just about anything at this point to reverse the trend and begin flushing The Specs back out of paper gold. Though they are clearly capable of pulling this off, it may take them a while to do it. Why, you ask?

For CDG, it’s all about the moving averages. We noted early last week that CDG’s 50-day had bullishly crossed UP and through both its 10-day and 200-day MAs. This is a very bullish trend indicator and, most importantly, it sets the Spec HFTs into a “buy the dip mode”. You can see this playing out already when you look at the daily chart.

Also last week, we began to discuss the significance of the $1331 level as support in any pullback. This was the level of resistance and then support in late August so we hoped/expected that same action on any pullback. And look what has happened thus far this week! Even though the all-important USDJPY is up another 50 pips today and pressing against 110, Comex gold is hanging firm at….$1332! For us, this is clear evidence of the HFTs buying the dip.

And here’s the big challenge for The Banks. Check where you can find those MAs. The closest is the 50-day but it’s all the way down near $1280. The Banks are not going to be able to flip the Spec HFTs until, at a minimum, the 50-day is violated to the downside. So, this is why we can say “it may take a while” for The Banks to really generate the downside momentum that will flush The Specs in the same old, wash-and-rinse pattern.

This doesn’t mean that a massive raid can’t happen. What it DOES mean, though, is that aggressive traders should have plenty of warning and can use this time to hedge and prepare. Again, use the chart below as a guide and watch that rising 50-day closely.

Now let’s look at Comex Digital Silver. It, too, is holding the support area that we identified last week. This support is quite clearly the most recent highs near $17.90 last June.

Read More @ TFMetals.com

The Terrible Facts about the Real Earnings of Men

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by Wolf Richter, Wolf Street:

The income data from the Census Bureau is here. Men, sit down.

On the surface, the data looks benign, with trends improving. And this is what you will see when you look at the media coverage of the Census Bureau’s Income and Poverty report (PDF) released today:

  • Median household income, adjusted for inflation (via CPI), rose 3.2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} between 2015 and 2016 to $59,039, the second year in a row of annual increases.
  • For “family households,” the median income rose 2.7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to $75,062. For “nonfamily households,” it rose 4.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to $35,761.
  • The official poverty rate (weighted average threshold for a family of four = $24,563) inched down from last year to 12.7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, about the same as in 2007, before the Financial Crisis made a mess of people’s lives. In total, 40.6 million people live in poverty by this definition.
  • The poverty rate for families fell to 9.8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, from 10.4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} a year earlier, affecting 8.1 million families.

The survey is based on respondents at 98,000 addresses across the US — so a very large sample. Household income includes the amounts of money that the household received during that year from each of the following sources:

  1. Earnings
  2. Unemployment compensation
  3. Workers’ compensation
  4. Social security
  5. Supplemental security income
  6. Public assistance
  7. Veterans’ payments
  8. Survivor benefits
  9. Disability benefits
  10. Pension or retirement income
  11. Interest
  12. Dividends
  13. Rents, royalties, and estates and trusts
  14. Educational assistance
  15. Alimony
  16. Child support
  17. Financial assistance from outside of the household
  18. Other income

All these sources combined form household income in this survey. Adjusted for inflation via the Consumer Price Index for urban consumers (CPI-U), the median household income, at $59.039, has set a new record, beating the prior record set in 1999 ($58,665).

This was the good news, with median household income finally a tad above where it had been 17 years ago:

And that’s what the media focused on, this triumph of 17 years of stagnation, rather than decline. But buried in the data is a bitter reality for men:

44 years of real earnings decline.

For women who were working full-time year-round, median earnings (income obtained only from working) rose 0.7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} on an inflation-adjusted basis from a year ago to $48,328, continuing well-deserved increases over the data series going back to 1960. The female-to-male earnings ratio hit a new record of 80.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, after steady increases, up from the 60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}-range, where it had been between 1960 and 1982. And while that may still be inadequate, and while more progress needs to be made for women in the workforce, it was nevertheless the good news.

Men in the workforce haven’t been so lucky. They have experienced the brunt of the wage repression over the past four decades, obtained in part via inflation, where wages inch up, but not quite enough to keep up with the Fed-engineered loss of purchasing power of the dollar.

Read More @ WolfStreet.com

A Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk

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by Hugo Salinas Price, Plata:

Who created the Mexican silver peso known as the “0.720 Peso”? President of Mexico Venustiano Carranza.

When did minting of this coin begin? In 1920.

Why was it known as the “0.720 Peso”? Because its silver content was 72{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its weight.

What was the silver content of the “0.720 Peso”? The pure silver content of the “0.720 Peso” was 12 grams.

What was the value of the silver in the “0.720 Peso” in 1920? In 1920, 12 grams of silver were worth 52 Mexican cents.

For how many years was the “0.720 Peso” in circulation? It circulated for 25 years, until 1945.

During those 25 years, was the silver in the “0.720 Peso” ever worth less than 52 centavos? Yes; in 1931, 12 grams of silver were worth only 31 centavos, but the public using the coin took no notice of this fact.

Why did the “0.720 Peso” go out of circulation in 1945? It went out of circulation because after World War II, the international price of silver rose and thus the silver in the “0.720 Peso” was worth more than one Peso. Minting more silver Pesos became a loss-making business for the Mexican Mint, so minting ceased.

What became of the “0.720 Peso” coins when they went out of circulation? Most of the coins were sent to a refinery so that their silver could be sold at a profit on the international markets, as happened to the US silver coinage in the 1960’s, but some were saved by Mexican savers, and can still be purchased in downtown Mexico City.

Were other silver Peso coins minted, after the “0.720 Peso” went out of circulation? Yes, three different silver one-Peso coins were offered to the public after 1945: In 1947-1949, a silver one-Peso coin was minted with 7 grams of silver; in 1950-1954, a silver one-Peso coin was minted with 4 grams of silver; in 1957-1967, the last one-Peso coin with silver was minted, and it contained only 1.6 grams of silver.

What happened to all these coins? They all suffered the same fate as the “0.720 Peso”: they were sent to the refinery, because the value of the silver they contained became worth more than one Peso.

What took the place of the “0.720 Peso” when it went out of circulation? It was replaced with a paper “One Peso” note, whose cost of production was next to nothing. As inflation of the stock of money in circulation advanced, coins of One Peso became quite unimportant, in spite of the inclusion of some silver in the Peso coins of the Fifties and Sixties.

Paper money record: In 1925, $2.03 Mexican Pesos bought $1.00 Dollar. In 2017, it costs $17,600 Pesos to purchase $1.00 Dollar. (Three zeros were wiped off the Peso in 1993, in a cosmetic measure to make it look better; thus the “Official Exchange Rate” is $17.60 “new” Pesos to $1.00 Dollar at this writing.)

This does not take into account the depreciation of the US Dollar itself, which is now worth something like 3cents of its value in 1920.

CONCLUSIONS

1.- It is impossible to mint silver coins for stable popular savings, if they bear a stamped monetary value, because the value of silver fluctuates with a tendency to rise, and thus any stamped value on a silver coin will always be surpassed by the rising value of the silver in the coin.

Read More @ Plata.com.mx

GOLD AND SILVER HOLD AFTER RELENTLESS ATTACKS BY THE BANKS: GOLD DOWN ONLY $2.95 AND SILVER IS DOWN ONLY 1 CENT

by Harvey Organ, Harvey Organ Blog:

EU TRYING TO EXTRACT A HUGE PENALTY FROM THE UK FOR BREXIT/ENGLAND BALKS/HURRICANE IRMA NOW FLOODS SAVANNAH GEORGIA AFTER SURGE FLOODS ALSO HIT CHARLESTON SC AND JACKSONVILLE

GOLD: $1328.60 DOWN   $2.95

Silver: $17.83  DOWN 1 CENT(S)

Closing access prices:

Gold $1331.75

silver: $17.89

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: $1342.23 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1337.40

PREMIUM FIRST FIX:  $4.83

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SECOND SHANGHAI GOLD FIX: $1330.58

NY GOLD PRICE AT THE EXACT SAME TIME: $1326.25

Premium of Shanghai 2nd fix/NY:$4.33

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LONDON FIRST GOLD FIX:  5:30 am est  $1326.25

NY PRICING AT THE EXACT SAME TIME: $1326.00

LONDON SECOND GOLD FIX  10 AM: $1326.50

NY PRICING AT THE EXACT SAME TIME. 1326.80

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR  0  OZ.

TOTAL NOTICES SO FAR: 51 FOR 5100 OZ  (0.1586 TONNES)

For silver:

SEPTEMBER

 

 158 NOTICES FILED TODAY FOR

 

790,000  OZ/

Total number of notices filed so far this month: 4,634 for 23,170,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

Today was a good day as gold and silver withstood massive paper hits throughout the night and early this morning with the bankers going all out to lower the two prices of our precious metals.  Lately we have seen gold/silver withstand these fierce attacks.  You will recall that Andrew Maguire confirmed that perennial precious metal short Goldman Sachs has turned to the buy side.  They know the antics of the banks and it sure looks like it is these guys that are thwarting the paper selling efforts of our remaining banks.

Let us have a look at the data for today

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In silver, the total open interest FELL BY A RATHER LOW 1165 contracts from  188,176 DOWN TO 187,176 DESPITE THE HEAVY SIZED DROP IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 19 CENT(S). WE HAVE HAD TWO DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST HARDLY BUDGES.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS.

RESULT: A SMALL FALL IN OI COMEX  DESPITE THE 19 CENT PRICE LOSS. 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.935 BILLION TO BE EXACT or 133{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 158 NOTICE(S) FOR 790,000OZ OF SILVER

In gold, the open interest FELL BY A SMALLER THAN EXPECTED 3,325 CONTRACTS DESPITE THE BIG LOSS  in price of gold ($15.05 LOSS YESTERDAY). The new OI for the gold complex rests at 574,119. NO WONDER THAT WE ANOTHER DAY OF TORMENT FROM THE BANKERS. 

THE FLASH CRASHES ARE CERTAINLY HAVE AN EFFECT ON SOME OF OUR WEAKER LONGS AS THEY DEPART THE CROOKED CASINO. THE BANKERS WERE NOT AS SUCCESSFUL IN COVERING SOME OF THEIR SHORTFALL.

Result: A SMALL SIZED LOSS IN OI DESPITE THE HUGE FALL IN PRICE IN GOLD ($15.05). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER.  SOME OF OUR NEWBIE LONGS GOT ANNIHILATED ON ANOTHER FLASH CRASH.  THE BANKERS WERE NOT AS SUCCESSFUL IN COVERING THEIR SHORTS AS THEY WOULD HAVE LIKED.

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD:

Tonight , we had no  changes in gold inventory:.as of 5;40 pm est

Inventory rests tonight: 834.50 tonnes

SLV

Today: no change in inventory.

INVENTORY RESTS AT 327.088 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 SMALLER THAN EXPECTED 1165 contractsfrom 188,341  DOWN TO 187,176(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE YESTERDAY’S 19 CENT LOSS IN TRADING. OUR LONGS ARE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS.

RESULT:  A  SMALLER OI  LOSS AT THE COMEX THAT WAS EXPECTED DESPITE THE LARGE  FALL IN PRICE OF 19 CENTS.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 3.06 POINTS OR 0.09{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 17.11 POINTS OR 0.06{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed UP 230.85 POINTS OR 1.18{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.54{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN at 6.5360/Oil DOWN to 47.83 dollars per barrel for WTI and 53.83 for Brent. Stocks in Europe OPENED GREEN EXCEPT LONDON. Offshore yuan trades  6.5426 yuan to the dollar vs 6.5360 for onshore yuan. NOW THE OFFSHORE MOVED MUCH WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A LOT WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS NOT VERY HAPPY TODAY

Read More @ HarveyOrganBlog.com

Are Elite Controllers a fantasy? Read this.

by Jon Rappoport, No More Fake News:

We rarely get a chance to see a smoking gun that proves elite controllers are running the show from behind the curtain.

That’s why there is a curtain.

So I’m republishing a conversation between two members of the Rockefeller Trilateral Commission (TC) and a US reporter.

First, a bit of background:

In 1969, four years before birthing the TC with David Rockefeller, Zbigniew Brzezinski wrote: “[The] nation state as a fundamental unit of man’s organized life has ceased to be the principal creative force. International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation state.”

Goodbye, separate nations.

Any doubt on the question of TC goals is answered by David Rockefeller himself, the founder of the TC, in his Memoirs (2003): “Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that is the charge, I stand guilty, and I am proud of it.”

Who is in charge of destroying national economies, in order to create a new international order?

Who keeps pushing new economy-destroying trade treaties?

Who demands that these treaties must be ratified?

Who is in the business of killing jobs and hope?

Who demands that more US jobs disappear overseas and never come back?

The Trilateral Commission (TC).

The original stated goal of the TC was to create “a new international economic order.”

Here is a stunning piece of forgotten history, a 1978 conversation between a US reporter and two members of the Trilateral Commission. (Source: “Trilateralism: The Trilateral Commission and Elite Planning for World Management”, ed. by Holly Sklar, 1980, South End Press, Pages 192-3).

The conversation was public knowledge at the time.

Anyone who was anyone in Washington politics, in media, in think-tanks, had access to it. Understood its meaning.

But no one shouted from the rooftops. No one used the conversation to force a scandal. No one protested loudly.

The conversation revealed that the entire basis of the US Constitution had been torpedoed, that the people who were running US national policy (which includes trade treaties) were agents of an elite shadow group. No question about it.

And yet: official silence. Media silence. The Dept. of Justice made no moves, Congress undertook no serious inquiries, and the President, Jimmy Carter, issued no statements.

Carter was himself an agent of the Trilateral Commission in the White House.

He had been plucked from obscurity by David Rockefeller, and through elite TC press connections, vaulted into the spotlight as a pre-eminent choice for the Presidency.

The 1978 conversation featured reporter, Jeremiah Novak, and two Trilateral Commission members, Karl Kaiser and Richard Cooper. The interview took up the issue of who exactly, during President Carter’s administration, was formulating US economic and political policy.

The careless and off-hand attitude of Trilateralists Kaiser and Cooper is astonishing. It’s as if they’re saying, “What we’re revealing is already out in the open, it’s too late to do anything about it, why are you so worked up, we’ve already won…”

Here we go:

NOVAK (the reporter): Is it true that a private [Trilateral committee] led by Henry Owen of the US and made up of [Trilateral] representatives of the US, UK, West Germany, Japan, France and the EEC is coordinating the economic and political policies of the Trilateral countries [which would include the US]?

COOPER: Yes, they have met three times.

NOVAK: Yet, in your recent paper you state that this committee should remain informal because to formalize ‘this function might well prove offensive to some of the Trilateral and other countries which do not take part.’ Who are you afraid of?

KAISER: Many countries in Europe would resent the dominant role that West Germany plays at these [Trilateral] meetings.

COOPER: Many people still live in a world of separate nations, and they would resent such coordination [of policy].

NOVAK: But this [Trilateral] committee is essential to your whole policy. How can you keep it a secret or fail to try to get popular support [for its decisions on how Trilateral member nations will conduct their economic and political policies]?

COOPER: Well, I guess it’s the press’ job to publicize it.

NOVAK: Yes, but why doesn’t President Carter come out with it and tell the American people that [US] economic and political power is being coordinated by a [Trilateral] committee made up of Henry Owen and six others? After all, if [US] policy is being made on a multinational level, the people should know.

COOPER: President Carter and Secretary of State Vance have constantly alluded to this in their speeches. [a lie]

KAISER: It just hasn’t become an issue.

This interview slipped under the mainstream media radar, which is to say, it was buried.

US economic and political policy run by a committee of the Trilateral Commission—the Commission had been created in 1973 by David Rockefeller and his sidekick, Zbigniew Brzezinski.

When Carter won the presidential election, his aide, Hamilton Jordan, said that if after the inauguration, Cy Vance and Brzezinski came on board as secretary of state and national security adviser, “We’ve lost. And I’ll quit.” Lost—because both men were powerful members of the Trilateral Commission and their appointment to key positions would signal a surrender of White House control to the Commission.

Vance and Brzezinski were appointed secretary of state and national security adviser, as Jordan feared. But he didn’t quit. He became Carter’s chief of staff.

Now consider the vast propaganda efforts of the past 40 years, on so many levels, to install the idea that all nations and peoples of the world are a single Collective.

From a very high level of political and economic power, this propaganda op has had the objective of grooming the population for a planet that is one coagulated mass, run and managed by one force. A central engine of that force is the Trilateral Commission.

How does a shadowy group like the TC accomplish its goal? One basic strategy is: destabilize nations; ruin their economies; ratify trade treaties that effectively send millions and millions of manufacturing jobs off to places where virtual slave labor does the work; adding insult to injury, export the cheap products of those slave-factories back to the nations who lost the jobs and undercut their domestic manufacturers, forcing them to close their doors and fire still more employees.

And then solve that economic chaos by bringing order.

What kind of order?

Eventually, one planet, with national borders erased, under one management system, with a planned global economy, “to restore stability,” “for the good of all, for lasting harmony.”

If you were a young ambitious reporter for The New York Times, if you read this astonishing Trilateral interview, wouldn’t you go to your editor and demand to be put on the story? Wouldn’t you want to dig deep and find out more details and names? Wouldn’t you want to blow the whole, yes, conspiracy, wide open? Wouldn’t you want readers to know the truth about who is running their country from behind the scenes?

Well, yes, you might. But if you did, and if you wouldn’t back down after your editor told you to forget about it, you would end up with no job, and eventually you would be covering picnics for some small-town newspaper.

With the rise of independent media, however, reporters don’t need to worry about Sunday picnics.

The truth suffices.

Read More @ NoMoreFakeNews.com

Ethereum creator predicts cryptocurrencies will eventually be swallowed up by system they were built to reject

by Kenneth Schortgen, Daily Economist:

In an interesting and perhaps shocking admission from last week, one of the co-creators of the Ethereum platform and cryptocurrency professed that nearly all the cryptos currently out there will eventually be swallowed up in the very same financial system they were originally built to reject and oppose.

Blockchain tech entrepreneur and innovator Vitalik Buterin says that the current wave of cryptocurrencies may eventually become a part of the centralized financial systems that they were supposed to be protesting in the first place. 

Buterin, who created the first Blockchain-based computing platform Ethereum, was at a local meeting of tech startups and tech individuals in Tel Aviv, Israel when he made the statement. 

Buterin, who also supports the Blockchain startup OmiseGO, said that even if there will come a time when support for cryptocurrency will eventually be a part of the system, it will still not be replacing traditional money anytime soon. He also acknowledged that the Blockchain-based innovations may face the usual problems that also affect traditional money like big price oscillations. 

Buterin says: 

“Are they [tokens] going to replace fiat? I believe no”. 

There are several reasons why governments would want to keep traditional fiat such as dollars as euros, even if the nations also adopts cryptocurrency. 

Buterin also said that institutionalized Blockchain networks may hinder the growth of decentralized Blockchain projects all over the world. This may mean that technical struggles like over-regulation and the digital currency “bubble” bursting could happen. 

He, however, remains hopeful that the Blockchain industry will not be limited by setbacks. – Coin Telegraph

Read More @ TheDailyEconomist.com