by Doug Casey, International Man:
The media hated them.
Big Business, numerous federal agencies, and politicians of all stripes hated them too.
Even Tiffany & Co., the famous jewelry company, vilified them in a full-page advertisement in The New York Times, calling them “unconscionable.”
The villains everyone loved to hate were the Hunt brothers. They were critics of the fiat money system and advocated for hard money based on commodities.
from ZeroHedge:
While Jerome Powell’s highly anticipated Jackson Hole speech was, in the words of Brean Capital’s Russ Certo “underwhelming and anti-climatic”, one couldn’t say the same for the shocking luncheon speech by Bank of England’s outgoing governor, Mark Carney, titled “The Growing Challenges for Monetary Policy in the current International Monetary and Financial System“, where he dedicated no less than 23 pages to a stunning – for a central banker – cause: to describe why the dollar’s “destabilizing” reserve status role in the world economy has to end, and why central banks need to join together to create their own replacement reserve currency, one potentially tied to Facebook’s new “stablecoin” Libra, although in reality any “Synthetic Hegemonic Currency” as Carney defined it would do.
from Silver Doctors:
SD Friday Wrap: Pressure was applied to gold & silver all week long, but the cartel was NO MATCH FOR gold & silvers’ RAW POWER!!!
Wow!
What a week!
What a week it has been!
Silver withstood the pressure all week:
by Wolf Richter, Wolf Street:
Last time was during the Financial Crisis. Now it’s happening in a kinder and gentler way, but there is no crisis.
The evidence thickens: In July, the median price of new single-family houses fell 4.5% from July 2018, to $312,800, and was down 3.1% from July 2017, according to the Commerce Department this morning.
by Michael Snyder, The Economic Collapse Blog:
Just when things seemed to be settling down a little bit, our conflict with China has suddenly escalated to a dangerous new phase. This is not simply just a “trade war” any longer, and our relationship with China will never be the same again. As you will see below, President Trump just referred to Chinese President Xi Jinping as our “enemy”, and this is something that the Chinese are going to take extremely seriously. In China, the national leader is a representation of the government as a whole, and the government as a whole is a representation of the entire county. So to the Chinese people, what Trump just said will be interpreted as “the United States and China are now enemies”. Of course for Trump everything would be forgiven tomorrow if the Chinese totally caved in to his demands and started saying all sorts of nice things about him, but for the Chinese what has transpired in recent months will be remembered for generations.
by Alasdair Macleod, GoldMoney:
Gold and silver continued their consolidation into an eighth trading day this morning, from the intraday peak on 13 August. The band has tightened on declining Comex volume, which is as one would expect in a bullish consolidation. From last Friday, gold fell $17 to $1496 by European trade this morning (Friday) and silver by only five cents to $17.06.
Gold appears to have found support in the low $1490s, so it will be interesting to see if that still holds today. If it breaks, often you will see such a move being temporary, as serious buyers grasp the opportunity to buy more. Alternatively, if it holds, we could see a little more range-trading.
from Off Grid Survival:
At some point, when do we say enough is enough? Today, I read an article about a poor 106-year-old woman who is about to lose her home, which is fully paid for, because of the lifelong prison sentence known as property taxes.
Everything else we are taxed on is taxed at the time of sale, but not land or your home; nope, they know that your land equals freedom which is why the Founding Fathers believed property rights were as important as other human rights. In fact, many times, they talked about the right to acquire and possess private property being in some ways the most important of individual rights.
