Saturday, February 23, 2019

The Fake News about Humanitarian Aid and Venezuela

by Alan Macleod, Ron Paul Institute:

In recent times the international media, including many who promised to “resist” the dangerous commander-in-chief Donald Trump, have been awash with stories about Nicolas Maduro blocking US “humanitarian aid” reaching Venezuela. Maduro is said to have even blocked a bridge in his desperation to starve his own people (see, for example, CNNCBCAssociated PressBBCNPRABCBloombergThe Guardian). A constant flow of stories such as this have served to establish a narrative of a dictator blocking a benevolent US government from helping its desperate people. Something must be done!

GSR interviews MICHAEL PENTO – Feb 19, 2019 Nugget

from GoldSeek.com Radio:

https://www.youtube.com/watch?v=ycbN2ja2zrY

NYC Fast-Food Workers Stunned Some Are Being Fired after $15 Minimum Wage Hike

by Chloe Anagnos, DC Clothesline:

When supporters of minimum wage increases argued that entry-level workers were not getting paid enough to support their families, experts warned that forcing employers to increase the wages for unskilled workers would produce unintended consequences. Now that critics of the law were proven right and workers are getting fired, proponents are doubling down.

Critics hoped that minimum wage supporters would finally understand that employers should be able to negotiate wages with workers freely, but those suffering the consequences seem blind to reality.

Will they ever realize that their push for a minimum wage hike is why they are out of a job?

A Recession Indicator Having A PERFECT Record For 70 Years Is About To Be Triggered

0

by Mac Slavo, SHTF Plan:

The unemployment rate has been a perfect forecaster of a recession in the past 70 years, and it appears to be edging closer to triggering that signal.  “It’s never been wrong. It’s something to watch,” said Joseph Lavorgna, chief economist for the Americas at Natixis.

As the unemployment rate hovers around 4% (the number reported in the mainstream media) a more accurate unemployment number is 8.1%.  This takes into account those who have given up on finding work and those who are underemployed (workers who are part-time but want full-time employment),  This more accurate unemployment number is called the U-6, while we often hear the U-3 reported on the news. But even former Federal Reserve chair Janet Yellen says the U-6 is a much more accurate indicator of where things are with regards to the economy.

Irrational Exuberance Abounds as the FED Caves to Market Pressures – Nathan McDonald (21/02/2019)

by Nathan McDonald, Sprott Money:

On August 16th, 2018, gold bullion ended its long-suffered downtrend, closing at $1176.20 USD.

Fast forward to today and we have a much different picture, as gold has rallied—and rallied hard—from this low point, hitting as high as $1340.10 USD earlier this week.

This continues the trend I said would unfold throughout 2019, and as we highlighted recently, it is coming to fruition as Eastern Central Banks become net positive buyers of the yellow metal, buying physical gold hand over fist.

As we have stated before, this charge is being led by some key players such as Russia, China, Turkey, Poland and India, all of whom are buying gold in ever-increasing quantities.

The US Housing Market Begins to Feel the Pain

by Wolf Richter, Wolf Street:

Fact is, home prices cannot outrun wages forever.

The market, if it’s allowed to, can fix the affordability problem that exists in many cities in the US by finding price levels were first-time buyers can afford to buy a home with the income they’re making. At its glacial pace, this is starting to happen in some markets, with sales volume dropping, and inventories rising, and sellers having to step down the aspirational ladder to make deals. In some of these markets, price levels have a long way to go before they make sense, where a household with a median income on the local scale can afford a median home. And there are now enough local housing markets that have turned south to where the impact is starting to creep into national averages.

Until There’s Nothing Left for Them to Take | Lynette Zang (Feb 19, 2019)

from Reluctant Preppers:

https://www.youtube.com/watch?v=spHKHYSoftA

Silver In The Dollar Collapse

from TruthNeverTold:

https://www.youtube.com/watch?v=ZEf960BlF0A

OPTIONS EXPIRY WEEK BEGINS AND AS USUAL THE CROOKS RAID GOLD DOWNWARD BY $19.50 TO $1325.45

by Harvey Organ, Harvey Organ Blog:

SILVER IS WHACKED BY 37 CENTS DOWN TO $15.87//FOR THE THIRD CONSECUTIVE DAY A MASSIVE QUEUE JUMP IN THE GOLD COMEX CASINO: TODAY OVER 1.5 TONNES JUMPED QUEUE //EUROPE CONTINUES TO DISAPPOINT AS ITS EXPORT ECONOMY IS GRINDING TO A HALT..//SHIPPING GIANT MAERSK WARNS THAT 2019 WILL BE WORSE THAN 2018//FROM THE USA: BAD NUMBERS FROM DURABLE GOODS/EXISTING HOME SALES AND A TERRIBLE PHILLY MFG REPORT//MORE SWAMP STORIES FOR YOU TONIGHT

Mr. Butler’s Silver Newsletter – Icing on the Cake

by Theodore Butler, Silver Seek:

MR. BUTLER’S SILVER NEWSLETTER
By James Cook

Silver analyst Theodore Butler writes a twice weekly newsletter on precious metals. Only a few people get to read this important newsletter. I’ve been talking to Ted about releasing one full issue for people to read. It’s important for investors to see the scope of his analysis. Mr. Butler has been a paid consultant to my company Investment Rarities for almost 20 years. I can vouch for his absolute integrity and his cautious approach in analyzing silver and gold. He relies on evidence and facts in arriving on his conclusions. He analyzes every known fact about silver and his knowledge of the silver market is unsurpassed. It’s no exaggeration to call him a silver genius. He has agreed to release the following current newsletter which gives insight into the thoroughness of his approach.

Downturns and Financial Crises – A Sequence

by Gary Christenson, Deviant Investor:

Bond Market Turned Down & Interest Rates Up – Check!

  • Two-Year yield bottomed September 2011
  • Five-Year yield bottomed July 2012
  • Ten-Year yield bottomed July 2016
  • The 30+ year bond bull market is done.

HACKING THE UNHACKABLE: THE MISSING CRYPTO-CURRENCY …

by Joseph P. Farrell, Giza Death Star:

Yesterday I blogged about JPMorgan’s daliances with crypto-currency, and its plans for a new crypto-currency pegged to the dollar,. in a system that could also handle other real currencies and even securities. And you’ll recall, I crawled out to the end of the twig of trademark High Octane Speculation once again, and probably managed to crawl off the twig as well. But just in case you missed it, here is that speculation: