Thursday, February 29, 2024

HSBC rolls out cryptocurrency services in Hong Kong: Report

by Helen Partz, Coin Telegraph:

Three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kong’s largest bank.

Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

HSBC has enabled its customers to buy and sell Bitcoin

-based exchange-traded funds (ETFs), local journalist Colin Wu reported in a tweet on June 26.

Gold and Silver No Longer Subject to State Capital Gains Taxes in Arkansas

by Michael Maharrey, Schiff Gold:

On August 1, a law making gold and silver legal tender in Arkansas went into effect. The new law also effectively repeals the state capital gains tax on gold and silver.

Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.

Rep. Robin Lundstrum (R) and Sen. Jonathan Dismang (R) sponsored House Bill 1718 (HB1718). The law makes “gold and silver specie” legal tender in the state, meaning it is recognized as a medium of exchange. Practically speaking, this will allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles. In effect, it will create a more favorable legal structure for using gold and silver in transactions.

To Many Americans, It Already Feels Like We Are In A Deep Recession

by Michael Snyder, The Economic Collapse Blog:

Are you deeply struggling right now?  If so, I want you to know that you are not alone.  The things that I am about to share with you are not meant to be depressing.  Rather, I hope that you will be encouraged to see that there are countless others in the exact same boat.  Over the past few years, the cost of living has been rising much faster than paychecks have, and this has put enormous financial pressure on millions of American families.  In some cases, families are dealing with extreme financial stress even though both parents are working good jobs.  Virtually everything has become substantially more expensive, and so our money is not going nearly as far as it once did.

NEW – Bank of England, which is currently under fire for repeatedly hiking interest rates, now says people of any gender identity can be pregnant.

Great King’s Days Are Numbered

by Jim Rickards, Daily Reckoning:

As I’ve been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today.

A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader’s Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).

The fact is the global desire to move away from the dollar as a medium of exchange for international trade in goods and services has gone from a discussion point to a novelty to a looming reality in a remarkably short period of time.

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.  

Inflation will return

by Alasdair Macleod, GoldMoney:

It is an error to expect inflation to continue to fall in America. All financial market values in the US and elsewhere are predicated on this hope.

The misunderstanding is to assume that the widely expected recession will lead to further falls in consumer price inflation, and that therefore interest rates and bond yields will decline. These hopes are based on Keynes’s rejection of Say’s law, which simply points out there is no such thing as Keynes’s general glut because the unemployed stop producing.

WEF: Gen Z Will Accept CBDC

by Martin Armstrong, Armstrong Economics:

The World Economic Forum recently published an article explaining how banks can attract the youngest members of the global workforce. Gen Z (born between 1997-2012) is the first generation to grow up with the internet. Younger Millennials had access, but not to the extent of Gen Z who does not recall life before smartphones. The WEF is looking for ways to profit on their trust in digital products.

“Worldcoin” Is Here: Just Get Your Eyes Scanned By “The Orb” And Your New “World ID” Will Be Issued To You

by Michael Snyder, The Economic Collapse Blog:

Have you had your eyes scanned by “The Orb” yet?  All it takes is just one trip, and once your biometric data is in the database you will receive some free money and a new “digital identity” that you will be able to use all over the Internet.  Doesn’t that sound grand?  As you will see below, hundreds of thousands of people in Europe have already signed up.  Those that have created Worldcoin intend for it to be “a new identity and financial network” that is owned by everyone on the entire planet.  The following comes directly from the official Worldcoin website

DALLAS FED REPORTS THAT ITS SECTION IS IN RECESSION

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $6.90 TO $1919.50//SILVER CLOSED UP 3 CENTS TO $24.22//PLATINUM CLOSED UP $21.40 TO $962.80 WHILE PALLADIUM CLOSED UP $29.90 TO $1258.85//IMPORTANT GOLD COMMENTARY TONIGHT: PETER SCHIFF//CHINA’S BID TO STIMULATE ITS ECONOMY FAILS/TWO OTHER IMPORTANT COMMENTARIES: DR LACALLE AND PEPE ESCOBAR//COVID UPDATES/VACCINE UPDATES/DR PAUL ALEXANDER/SLAY NEWS/EWOL NEWS/NEWS ADDICTS//RUSSIA VS UKRAINE UPDATES//DALLAS FED REPORTS THAT ITS SECTION IS IN RECESSION

CHINA NEEDS A BAILOUT OF $13 BILLION EQUIVALENT FOR ITS PROPERTY BANKING BUSINESS TO BAIL OUT LOCAL BANKS

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $16.80 TO $1926.75//SILVER WAS UP $42 CENTS TO $23.11//PLATINUM WAS UP $8.30 TO $915.30//PALLADIUM WAS UP $8.05 TO $1253.45//EXCELLENT COMMENTARY TODAY FROM ALSDAIR MACLEOD//CHINA NEEDS A BAILOUT OF $13 BILLION EQUIVALENT FOR ITS PROPERTY BANKING BUSINESS TO BAIL OUT LOCAL BANKS//MORE UPDATES ON FRANCE AS THEIR GUN CONTROL IS INEFFECTIVE IN STOPPING THE VIOLANCE//COVID/VACCINE UPDATES/DR PAUL ALEXANDER/SLAY NEWS/THE JOBS REPORT WAS A BUST TODAY AS EXPECTED AND THAT REVERSED OUR PRECIOUS METALS NORTHBOUND AGAIN//MORE UPDATES ON THE USA JUDGE BLOCKING CENSORSHIP FROM GOVERNMENT

Going for the Gold in Texas

by Adam Dick, Ron Paul Institute:

This March, voters in the Texas Republican primary election will see on their ballots a proposition calling for the state government, utilizing its Texas Bullion Depository that began operations in 2018, to advance the use of gold and silver as legal tender.

The proposition reads as follows: “The Texas Legislature should establish authority within the Texas State Comptroller’s office to administer access to gold and silver through the Texas Bullion Depository for use as legal tender.”

BREAKING: MAX KEISER WARNS THE END OF THE DOLLAR IS NEAR, PLUS EL SALVADOR IS THE NEW AMERICA

from BANNED.VIDEO:

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