Wednesday, September 30, 2020

NEGATIVE RATES LUNACY: History Will Condemn This STUPIDITY!

by Lior Gantz, Activist Post:

This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Lior Gantz of WealthResearchGroup.com and we’re excited to share this one with you!

When people read books about our times 80-120 years from now (which will describe the conditions that led to the worst financial crash this world will have ever seen), readers will demand to understand how billions of people from all walks of life chose to believe in fiat currencies, government bonds, and paper derivatives over hard money.

Hyperinflation Final Warning? Trump Just Tweeted About “Pumping Money” For 4th Time This Month!

from Silver Doctors:

HYPERINFLATION OF THE DOLLAR IS HERE! There is only one thing that’s missing until it’s blatantly obvious…

Hyperinflation of the dollar isn’t coming.

It’s already here.

By the Fed’s own admission in their slow, torturous murder of the dollar since 1913, we’ve already had the hyperinflation:

Gold and Silver Heating Up Says Money Manager

from Birch Gold Group:

This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold heats up and silver joins the race, the 3 catalysts driving gold’s rally, and one expert thinks gold is on the fast track to $1,500 an ounce.

Gold Heats Up and Silver Joins the Race

Last week, gold met the expectations of numerous forecasters by briefly passing the $1,450 level before trending lower. The move told money manager Frank Holmes that a jump to $1,500 is all but imminent, and that loose Federal Reserve policies will remain a key driver in the outstanding bull run.

Is Soros Planning to Use Embedded Terror Groups to Block the 2020 Election From Taking Place?

by Dave Hodges, The Common Sense Show:

The world is waking up to the danger that George Soros poses to the freedom of citizens from any country at anytime. Soros is a man who once betrayed his own people as this person of Jewish origin turn in his fellow Jews to the Nazis. This man is dangerous and has been responsible for toppling governments from all around the world. He promotes the overrunning of a nation by illegal immigration including right here in the United States as it has been determined that his nefarious organizations, such as Open Society is funding the present American invasion by third world immigrants who are frequently accompanied by terrorists, MS-13, drug cartel members and even the infamous ISIS. His actions are not limited to just illegal immigration, however, this is his claim to fame.

A Visit with Warwick Smith, CEO of American Pacific Mining Corp.

by Turd Ferguson, TF Metals Report:

As you know, from time to time we like to highlight some companies in the exploration space. Today’s visit with Warwick Smith allows us to learn more about his company, American Pacific Mining Corp.

A few of the points Warwick and I discuss over the course of this call:

  • The jurisdiction of American Pacific’s primary assets
  • The mining and geology background of the two company co-founders
  • The joint venture partner that has already made a significant investment in the company

Click HERE to listen

Brazil’s Massive Crime Against Humanity

by Paul Craig Roberts, Paul Craig Roberts:

The corrupt Brazilian government installed by Washington has decided to destroy the Amazon Rain Forest.  This will adversely affect the Earth’s climate by eliminating a massive carbon sink.

The beneficiaries of the destruction of the rain forest are the timber loggers who are buddies with Brazilian president Jair Bolsonaro, environmental minister Ricardo Salles, and farming lobbyist Tereza Cristina Dias.  

One might have thought that the build-up of CO2 and the impact of carbon emissions in raising the temperature of Earth would result in more careful and responsible policies than one that destroys a unique ecological habitat that stabilizes the Earth’s climate. For no other reason than to maximize profits for timber loggers, the Amazon Rain Forest is to be destroyed. This is unregulated international gangster capitalism at work.  Destroy the planet for everyone else so that a handful of gangsters can acquire fortunes.

It’s now obvious: The taxpayers of Illinois will have their incomes confiscated to fund increases for overpaid teachers … GET OUT while you still have your wallet

by Tracey Watson, Natural News:

A month ago, Chicago Mayor Lori Lightfoot insisted that the city’s pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bailout from the state. Governor J.B. Pritzker disagreed and denied her request, making it safe to assume that the funds continue to face the same serious problems.

It came as something of a shock, therefore, when just three weeks later, Mayor Lightfoot offered the Chicago Teachers’ Union 14 percent pay increases over the next five years – increases which will cost Chicago’s taxpayers a whopping extra $325 million, and ultimately place even more stress on the city’s pension funds. (Related: If Chicago can’t even fund its pensions, how is it going to fund “universal basic incomes” for the masses?

Tesla’s Questionable “Free Cash Flow” Claim

by Dave Kranzler, Investment Research Dynamics:

In last week’s earnings release, Elon Musk made the claim in the headline release that Tesla generated $614 million of “free cash flow,” which he defined as “operating cash flow less capex.”  Additionally, in the 2nd paragraph of the earnings release Musk states that, “As a result of this growth and operational improvements, we generated $614 million of free cash flow (operating cash flow less capex) in Q2.”

Notwithstanding that fact that Tesla has slashed its capex spending to what appears to be the bare minimum, and setting aside Musk’s claim of “operational improvements,” a careful dissection of the cash flow statement, balance sheet and footnote disclosures calls into question Musk’s assertion that the Company generated $614 million of “free cash flow.”

Fake Cash & Fake Accounting: Chinese Regulators Suddenly Halt 46 IPOs and Bond Offerings

by Wolf Richter, Wolf Street:

The companies are clients of China’s 2nd largest audit firm, now under investigation.

On Monday, Jinhe Biotechnology and Liande Automatic Equipment disclosed in filings that they had been ordered by the China Securities Regulatory Commission (CSRC) to suspend their plans to sell bonds.

On Sunday night, four companies — Hunan Baili Engineering Sci&Tech, Jiaao Enprotech Stock, MLS Co., and Woer Heat-Shrinkable Material Co. – disclosed in filings that they had been ordered by the CSRC to suspend their IPOs in Shanghai and Shenzhen.

1 in 2 American Adults is Already in the FBI’s Facial Recognition Database

from Humans Are Free:

A new report from Georgetown Law‘s Center on Privacy & Technology (CPT) suggests that Immigration and Customs Enforcement (ICE) may be using the rampant problem of illegal immigration as a type of cover to track and spy on Americans in violation of their Fourth Amendment rights under the United States Constitution.

ICE has apparently requested special access to Department of Motor Vehicles (DMV) databases in at least three states – Utah, Washington State, and Vermont – which the federal agency plans to use in conjunction with facial-recognition technology to scan people’s drivers’ license photos and match them against criminal and residency databases, all without their knowledge or consent.