Tuesday, February 27, 2024

“Stop PAYING your taxes right now, it’s the only way to stop them!” Anthony Hudson | Redacted News

from Redacted News:

TRUTH LIVES on at https://sgtreport.tv/

Best Week For Bullion In 2024 As Mega-Caps Melt-Up On Bad Breadth

from ZeroHedge:

Ok, so everyone knows, NVDA is awesome, topping $2 trillion in market cap intraday this week (after a $2BN hike above consensus)…

…but today saw a smidge of profit-taking…

MAG7 stocks were obviously up on the week (the sixth in the last seven), but today’s weakness took the basket back below its prior record high…

THE CONTROLLED DEMOLITION OF THE USA — BILL HOLTER

from SGT Report:

So the insane Marxist Mayor Adams of NYC is giving as much as $10K inm prepaid debit cards to illegals while as the same time the mornic evil NY AG is threatening to seize Trump properties if he doesn’t cough up the $355 million he’s been fined for his non-crime with no victims. The end for New York is near, and potentially for the USA as we know it. Bill Holter joins me to discuss the fall of the Republic and more.

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Is a Weak Yen Feeding the Global Gold Bull?

by Peter Schiff, Schiff Gold:

The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD.

The Long View: COMEX Precious Metal Prices in 2024

by Craig Hemke, Sprott Money:

An easily-predictable short squeeze has lifted COMEX precious metal prices off their recent floor. Equally predictable is the current rush to proclaim that new highs for 2024 will soon be forthcoming.

Let’s start with the latest Spec short squeeze. How can I say it was easily predictable? Below are X posts from yours truly on February 6 with follow up on February 9:

What Gold Mining Companies Are Telling Their Investors

by Peter Schiff, Schiff Gold:

The most direct way to invest in gold is to buy gold and as SchiffGold advises the smart way to buy gold is to buy gold coins or billions. Sometimes investors bullish on the long-term prospects of gold take a look at the stocks of gold mining companies. Stocks of course lack some of the most attractive features of gold such as physical portability, and its finite amount (stocks always be diluted). Plus, mining companies can go bankrupt and are at greater risk from new regulations.  

Fed Will Be Forced to Raise Tates to Defend the Dollar – Bill Holter

by Greg Hunter, USA Watchdog:

Precious metals expert and financial writer Bill Holter says the market is exuberant with the idea the Federal Reserve is going to be forced to cut interest rates as the economy sinks.  Holter has warned about the US dollar turning into confetti because of massive dollar printing and more and more bank bailouts.  Holter is taking the other side of the rate cutting bet, and he thinks the Fed will do just the opposite.  Holter says, “If you look at the amount of debt service the federal government is paying, it’s over $1 trillion a year.  That’s going to go to $1.5 trillion, and then it will go to $2 trillion in interest a year.  There is no reflection of deterioration of credit in the rates themselves.  I foresee the day, and it may be within the next year, that the Fed is forced to raise interest rates to defend the dollar.  That’s the problem.  You have bad credit with the country who issues the world’s reserve currency. . . .If all of a sudden the dollar falls apart, how does evil get paid to preform?  How do we fight wars?”

American Totalitarian “Crypto Dollar” May Come Before the Election

by Aaron Day, Brownstone:

Central Bank Digital Currencies (CBDCs) threaten to replace the cash we use with programmable, trackable, and censorable tokens controlled by governments. Your financial choices could be suppressed, and privacy eliminated. Based on what I’ve learned and experienced directly, this could happen before the 2024 election. The best way to stop it is through direct action, not through politics.

DEDOLLARIZATION IN MOTION: Egypt moves to decrease reliance on U.S. dollar, seeks trade settlements with BRICS states

by Richard Brown, Natural News:

Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs.

The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation.

A perfect storm in the making

by Claudio Grass, Claudio Grass:

The New Year is usually associated with a new beginning, a fresh start, or a “clean slate”. Unfortunately, for millions of Americans, these are wishes that are bound to remain unfulfilled – for them, the New Year has nothing “new” to offer at all: it will only perpetuate all the same burdens, obligations and worries of the past year and of the ones that came before.

One physical, practical manifestation of this (though it is certainly not a unique, or even a rare, example) is the fact that at the start of 2024, U.S. household debt reached a record high of $17.3 trillion, according to data from the Federal Reserve Bank of New York. To most of us, this is probably a shocking and nearly inconceivable amount, and it becomes even more surreal once one also factors in the most recent monetary policy reversal and the subsequent interest rate hikes.

Why America Will Never Surmount Its Mountain of Debt

from Schiff Gold:

Can America hope to climb past its mountain of $34 trillion of federal debt? With the staggering weight of unfunded liabilities in vital entitlement programs like Social Security and Medicare reaching a staggering $212 trillion, any strategy for repayment is met with formidable obstacles. Our guest contributor examines these challenges and arrives at a sobering verdict: the magnitude of the debt renders the prospect of repayment virtually impossible.