Sunday, July 12, 2020

Why the British Hate Donald Trump

by Harley Schlanger, LaRouche PAC:

With only two months before the crucial midterm Congressional elections in the U.S., President Trump is spending about half his time holding rallies around the country, backing candidates who support his program, while denouncing the Democratic Party’s effort to make the election into a referendum for Trump’s impeachment. Candidates whom Trump has endorsed in the Republican primaries have won, even when they were behind in the polls to their Republican opponents before the endorsement, but the outcome of the November elections is unclear.

MASSIVE RAID ON SILVER AND GOLD AT THE COMEX

CARMAGEDDON IN USA CAR INDUSTRY./4 STATES DO NOT HAVE THE REQUIRED BUDGET FOR 2018
from Harvey Organ:

In silver, the total open interest SURPRISINGLY ROSE BY 171 contract(s) UP to 201,056 DESPITE THE FALL IN PRICE OF SILVER THAT TOOK PLACE WITH FRIDAY’S TRADING (DOWN 2 CENT(S). AND THE CONSTANT TORMENT THESE PAST FEW WEEKS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0050 BILLION TO BE EXACT or 144{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 326 NOTICE(S) FOR 1,630,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY 7873 CONTRACTS DESPITE THE FALL IN THE PRICE OF GOLD ($3.50 with FRIDAY’S TRADING). The total gold OI stands at 460,557 contracts.

we had 30 notice(s) filed upon for 3000 oz of gold.

Read More @ Harveyorganblog.com

‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree

from RT:

Governments around the world have recently been on a “gold-buying spree.” These countries have a tactful reason for doing so, and this reason is directly tied to the anticipation of the inevitable end of US hegemony.

Central banks are among the largest purchasers of gold. So far in 2019, they have bought 145.5 tons of gold, which is more in a quarter of a year than central banks have purchased in the preceding six years. To put it bluntly, this figure represents a 68 percent increase from the year before. Last year, central banks increased their reserves by 651.5 tonnes compared to 375 tonnes in 2017. Reportedly, this is the largest net purchase of gold since 1967.

Crashing currency chaos spreads across the Global South

by Pepe Escobar, Asia Times:

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks.

Argentina’s problem is mostly to do with the neoliberal austerity of President Mauricio Macri’s government admitting it won’t be able to fulfill payment targets agreed with the IMF less than three months ago.

Another Sears Holdings Spinoff Dies

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by Wolf Richter, Wolf Street:

Lowe’s finally seems to get the brick-and-mortar meltdown.

Orchard Supply Hardware – whose mission was, according to its site, “to be America’s neighborhood hardware and garden store focused on paint, repair, and the backyard” – is an iconic name in California going back to the Great Depression when it started as a non-profit co-op to supply farmers. But now it’s scheduled to die.

Its 98 stores in California, Oregon, and Florida will be closed, along with its distribution center in Tracy, California. Its 4,000 employees will be let go. Liquidation sales start Thursday.

Time For More Physical Silver… And Zinc?

by SGT, SGT Report:

I’m buying more silver …and I’m following Keith Neumeyer’s lead by also increasing my exposure to zinc at these suppressed levels. The dwindling supply VS. growing demand gulf in silver, gold and zinc has grown too large because mining companies have been decimated by the cartel’s rigging of the prices of gold and silver.

IN SWEDEN, CASH IS ALMOST EXTINCT AS PEOPLE IMPLANT MICROCHIPS INTO THEIR HANDS TO PAY FOR PURCHASES

by Geoffrey Grinder, Now The End Begins:

More than 4,000 Swedes have implanted microchips in their hands, allowing them to pay for rail travel and food, or enter keyless offices, with a wave.

Just a few years ago, there were a couple of hundred of people in Sweden using human implantable microchips. The a thousand, then a few thousand, and now Sweden leads the world in microchip purchases. Cash in Sweden now accounts for only 1% of all transactions, and a full 50% of all Swedish banks will not accept cash deposits.

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:” Revelation 13:16 (KJV)

Quantitative Brainwashing

by Jeff Thomas, International Man:

We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.”

Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole story.

When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, it’s a bonus of epic proportions, given to banks by governments, at the expense of the taxpayer.

Another Day Older and Deeper in Debt

by Gary Christianson, Miles Franklin:

Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.

Another day older and $3 billion deeper in debt!

The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy.

Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

by Chris Powell, Gold Seek:

Dear Friend of GATA and Gold:

GoldCore’s daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great “global monetary reset” often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund’s super-currency, the Special Drawing Right, which began shortly after the IMF made the Chinese yuan a component of the basket of currencies composing the SDR. Since then, Rickards writes, the gold price, ordinarily volatile, has exhibited little volatility as priced in SDRs.

Global Inequality Explodes: 26 Ultra-Wealthy Billionaires Now Have As Much Money As The Poorest 3.8 Billion People

by Michael Snyder, End Of The American Dream:

If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world.  Oxfam has just issued a brand new report on global inequality, and what they have discovered is making headlines all over the globe.  The rich just keep getting richer, and meanwhile the slice of the pie owned by the poor just keeps getting smaller.  Today, almost half the world lives on less than $5.50 a day, and approximately 795 million people “do not have enough food”.  And even in a “wealthy country” like the United States, the gap between the rich and the poor is the largest that it has been since the 1920s, and more than half a million Americans are homeless right now.  This growing inequality is a ticking time bomb, and at some point it is going to explode.