Monday, September 27, 2021

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Who Cares? Headline Debates are Wasting Your Time

from Daily Bell:

NFL players are kneeling, standing, sitting maybe, and probably laying down at times. Perhaps they are protesting police killings, or maybe they hate America, and some of them are very patriotic and do or do not support Donald Trump. I don’t know. Who cares?

How many headlines has this stupid manufactured controversy taken up? How many arguments and fights have ensued? Do people even know what they are arguing over?

North Korea is shooting missiles, and Trump is calling Kim Jung Un Rocket Man. Okay, this one seems a little more relevant to my life. I don’t want to be blown up. But is there anything I can do to stop Kim Jung Un or Trump from doing what they are doing? Is my worry going to solve anything?

Those are the big ones in the news right now, but there is still the usual cocktail of crime, death, and fear. And don’t get me wrong, it is great to stay up to date with what is going on. Knowing what crazy actions the Federal Reserve is going to take can help you protect your finances. Being aware of government abuses can help you steer clear of becoming a victim. Understanding what laws and regulations coming down the pipe can allow you to make a decision about how to structure your life to avoid the brunt of it.

But the big headlines, the “news” that is shoved down our throats doesn’t actually have to do with real life. It is all distraction. The news is just full of memes meant to elicit an emotional response and corral our behavior into one of a few pre-determined pens.

If you want the best dissection of cultural memes, watch South Park. Last season, in one episode the NFL announcers told fans and players to stand for the national anthem–or sit, or kneel–in order to show their support. Problem solved.

read more @ dailybell.com

The Health Ranger explains the origins of EVIL, why collectivism contradicts health freedom, and the simple answer to all politics

by Mike Adams, NaturalNews:

Chiming in on the most relevant philosophical issues of our day, I’ve recently posted three podcasts that are well worth a listen. Departing from current events, each of these philosophical podcasts covers a crucial sector of understanding for free-minded people who wish to prosper in a dangerous world (where your freedoms are under constant assault).

Hear more podcasts each day at the Health Ranger Report website.

Where does EVIL really come from?

This podcasts reveals the root cause of evil in our world and how it all has a single, common source. Listen to this fascinating podcast to hear the full explanation about consciousness, the “disconnect” and the root of all evil.

Read More @ naturalnews.com

Gold Standard Resulted In “Fewer Catastrophes” – FT

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by Jan Skoyles, GoldCore:

Editor Mark O’Byrne

– “Going off gold did the opposite of what many people think” – FT Alphaville
– “Surprising” findings show benefits of Gold Standard
–  Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold
– UK economy was ‘much less prone to extremes’ under than the gold standard – research shows
– ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows
– FT still wary of gold standard arguing ‘stability can be overrated and growth is worth having’
– Finding is not surprising and joins a wealth of evidence and research that shows gold’s importance as money, a store of value and safe haven asset

 

300 years ago last week on the 21st September, 1717 Sir Isaac Newton, Master of the Royal Mint of Great Britain, accidentally invented the gold standard.

Last month it was the 46th anniversary of President Nixon ending the gold standard. Since then the world has existed on a system of fiat paper and digital currency. It works so badly that it has lead to the global financial crisis, unending debt issues and a dramatic devaluation in sovereign currencies.

Despite this, much of the media and central banking system remain supporters of the current financial and monetary status quo.

They are so convinced that the time before fiat money was a disaster that anyone who suggests otherwise is labelled a gold-bug and told to move along.

Last week, there was a glimmer of light when the Financial Times’ Matthew C. Klein uncovered some 18-year old research into the gold standard and a recent speech by a Bank of England economist.

Mr Klein although a young man has quite an impressive journalistic c.v. He writes for FT Alphaville and Bloomberg View about the economy and financial markets.

He previously wrote for the Economist magazine and before that, Klein was a research associate at the Council on Foreign Relations (CFR), where he spent more than two years studying the history of the Federal Reserve and the intellectual history of monetary economics.

Read more @ goldcore.com

New Economic Study Presents a Disturbing Map of the United States

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by Pam Martins and Russ Martins, wallstreetonparade.com:

A new study backs up a theory that many Americans have long suspected: the U.S. is no longer the land of opportunity, despite what national statistics would have us believe. Rather, America is now narrowly constrained to zip codes of opportunity.

The new research comes from the Economic Innovation Group (EIG), a bipartisan public policy organization funded by successful tech entrepreneurs. The study provides detailed data on the economically distressed communities that have fundamentally changed the economic landscape of America. The authors write:

“A remarkably small proportion of places fuel national increases in jobs and businesses in today’s economy. High growth in these local economic powerhouses buoys national numbers while obscuring stagnant or declining economic activity in other parts of the country. EIG’s prior work shows that this trend represents a fundamental shift in the geography of economic growth in the United States.  Geographic disparities have, of course, always existed in this country, but the prospects of different communities used to rise or fall together to a far greater extent than they do today. Now, national statistics are often far removed from the experience of the typical American community.”

Some of the key findings from the groundbreaking study are the following:

Read More @ http://wallstreetonparade.com

Advice from the trader who made $1+ billion in 1929…

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from thedailybell:

[Editor’s note: This letter was co-written with Tim Price, co-founder of the VT Price Value portfolio and editor of Price Value International.]

In the late spring of 1720, Sir Isaac Newton decided to sell his stocks.

Newton had been an investor in the South Sea Company, a famous enterprise which effectively commanded a trading monopoly with South America.

The investment had already made Newton a lot of money, he was up more than 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in a very short time.

In fact, investors were clamoring to buy up the South Sea Company’s stock, and the share price kept climbing. And climbing.

Newton sensed that the market was getting overheated. It no longer made sense to him. So he sold.

There was only one problem: the share price of the South Sea Company kept climbing.

All of Newton’s friends were getting rich. So, against his better judgement, Newton went back in, repurchasing shares at more than three times the price of his original stake.

Read More @ http://www.thedailybell.com

Stocks and Precious Metals Charts – The Big Banks Cometh

from jessescrossroadscafe:

“While the largest banks can correctly claim that they have offloaded risky assets and bolstered the amount of cash on their balance sheets over the last decade, their business model has become fundamentally disconnected from the very people and entities it was designed to serve. Small community banks, which make up only 13 percent of all banking assets, do nearly half of all lending to small businesses.

Big banks are about deal making. They serve mostly themselves, existing as the middle of the hourglass that is our economy, charging whatever rent they like for others to pass through. (Finance is one of the few industries in which fees have gone up as the sector as a whole has grown.) The financial industry, dominated by the biggest banks, provides only 4 percent of all jobs in the country, yet takes about a quarter of the corporate profit pie.”

Rana Foroohar, How Big Banks Became Our Masters, NYT

Why doesn’t Washington reign in the obvious excesses and blatant frauds and abuses of the Big Banks?  I will let you answer that one for yourself.

The Dollar rally and a ‘risk on’ attitude continued to pressure the precious metals today.

Read More @ http://jessescrossroadscafe.blogspot.com

“Gold prices to reach $1,400 before the end of the year” – GoldCore

by Mark O’Byrne, GoldCore:

by MarketWatch

Gold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week.

December gold rose $14, or 1.1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, to settle at $1,311.50 an ounce. Prices, which lost about 2.1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} last week, saw their highest finish since Sept. 15, according to FastSet data as reported by Marketwatch.

“The backdrop for gold today is as bullish as it has been in a long time,” said Mark O’Byrne, research director at GoldCore in Dublin.

Gold in USD (5 years) 

He expects gold prices to reach $1,400 before the end of the year.

With President Donald Trump “in the White House and the political situation in the U.S. and globally more uncertain than it has been in many years, gold will almost certainly continue to see robust safe-haven demand,” he said.

“This should push gold higher in the coming months.”

Recent military tensions between North Korea and the U.S. and its allies has helped to underpin gold’s haven status as a hedge against a sudden escalation in geopolitical tension.

Read More @ goldcore.com

Trump: We’re ‘Totally Prepared’ for ‘Military Option’ Against North Korea

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by Melanie Arter, CNSNews:

President Donald Trump pushed back Tuesday on the North Korean foreign minister’s claim that the president has declared war on North Korea, characterizing his remarks at the United Nations as a “reply” to Kim Jong Un’s provocation, “not an original statement.”

During a joint press conference with Spanish President Mariano Rajoy, Trump was asked about the foreign minister’s statement and threat that Pyongyang would shoot at U.S. planes flying in international airspace.

 

“The foreign minister said you have declared, effectively, war on North Korea, and the North Korean government has threatened to shoot down or aim at American planes flying in international airspace. I would like your reaction to that,” CBS News Chief White House Correspondent Major Garrett asked.

Read more @ cnsnews.com