by Frank Bergman, Slay News:
The European Union (EU) is advancing plans to introduce a new “Digital Identity” that will be directly linked to a central bank digital currency (CBDC), a top Euro official has revealed.
The plan was exposed Wednesday on social media by Dutch Member of the European Parliament Rob Roos.
Roos posted a video on Twitter/X to reveal the outcome of a closed-door meeting between top Eurocrats about the plan to roll out the system to the public.
by Ronan Manly, BullionStar:
With less than 20 trading days left until the end of 2023, we have just witnessed a series of record-breaking price developments in the international gold price, as well as heightened gold price volatility, and the price moving in a $120 range intraday.
While a new all-time high monthly close in the US dollar gold price was achieved on Thursday 30 November at $2040/oz, and new all-time highs on the weekly close and daily close were achieved on Friday 01 December at $2072/oz, these new record highs were in hindsight, overshadowed by what happened subsequently.
by Peter Schiff, Schiff Gold:
Consumers aren’t the only ones defaulting on their debts: Corporate bond defaults were up massively in 2023, especially for high-risk junk debt, and the trend is continuing this year at a pace not seen since the 2008 global financial crisis. Unsurprisingly, companies selling low-rated junk debt are being hit the worst.
Last year, according to S&P Global Ratings, corporate bond defaults increased by a disconcerting 80%. High interest rates coupled with high inflation have made it a struggle for companies to make good on their commitments even as waves of new bond buyers continue to arrive, eager to lock in higher yields before rates go down. Demand remains strong for junk bonds and hybrid debt, but for companies with poor liquidity, poor to negative cash flow, and/or an outsized existing debt burden, the result is a compelling setup for even more defaults in 2024.
by Jeff Thomas, International Man:
The image above may be considered by some as unfair, as it suggests that taxation is a form of robbery. Well, let’s check the dictionary for a definition:
“Robbery is defined as taking away of goods or property by force or intimidation.”
Well, that certainly fits the bill. Of course, Inland Revenue (or the IRS, CRA, etc., depending upon where you’re from) would say that it’s not robbery if it’s lawful. As I see it, the fact that a law has been passed to allow robbery does not change it from being robbery. It’s merely institutionalised robbery.
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
by Wolf Richter, Wolf Street:
Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress.
The total US national debt spiked by $1.0 trillion in 15 weeks since September 15, to $34.0 trillion, according to the Treasury Department’s figures this afternoon. In the seven months since the debt ceiling was lifted, the national debt spiked by $2.5 trillion.
by Chen Lin, Silver Seek:
2023 saw another year of the huge supply-demand deficit in silver, despite heavy investment selling. The most significant demand increase came from solar panels. In 2021, the Silver Institute and Metal Focus group were looking at PV (solar panel) using 110 million oz, growing at 12-13% per year. But in November 2023, the Silver Institute and Metal Focus group revised the 2023 estimate to about 200 million oz! In other words, in the past two years, over 100 million oz of silver was taken by the PV industry “unexpectedly”!
from SGT Report:
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from SGT Report:
As US military troops openly move on the streets of US cities over the weekend, the end game is at hand, and the ones running the game are hardcore Luciferians. Attorney Todd Callender and Dr. Lee Vliet join me to discuss the latest.
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by Ronan Manly, BullionStar:
Last year, a major theme in the global gold market was the record gold buying by central banks across the world, with the World Gold Council and its data gatherers (Metals Focus) calculating that central banks had cumulatively purchased a net 1136 tonnes of monetary gold during 2022.
At the outset of 2023, this led the World Gold Council to predict that:
“Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.”
by Jim Rickards, Daily Reckoning:
So-called artificial intelligence (AI) is taking the world by storm. Meanwhile, gold has shot up like a rocket over the past couple of months.
In mid-February, gold was trading at $1,990. Two months later, gold is trading above $2,400 — a $410 gain in just two months.
So here’s a question:
Is there a connection between AI and gold? It seems like an odd question. But as it turns out, the answer is yes. And surprisingly, there has been for decades. It involves the Cold War between the U.S. and the Soviet Union.
by Michael Snyder, The Economic Collapse Blog:
Supply chain problems were supposed to be a thing of the past, but instead our supply chains just keep getting hit by issue after issue. Have you noticed that it has become really difficult to acquire parts and get things repaired? It isn’t just your imagination. And have you noticed that store shelves seem rather sparse just about wherever you go shopping? During my latest visit to the local grocery store, I was stunned to see how thin stock levels had become. I assumed that it was because I had arrived at a bad time and that they were about to be restocked. But then I started looking into this, and I discovered that major supply chain issues are starting to develop all over the country.
by Susan Duclos, All News Pipeline:
A multi-day fire in Texas where multiple buildings at Feather Crest Farms was finally extinguished, making this just the latest in more than 100 accidents, plane crashes, explosions and fires, at food processing/manufacturing facilities since 2021.
Add that to the US cattle herd shrinking to the lowest level in more than seven decades, Amish farmers still under siege by the Biden regime, war affecting food prices in multiple categories, and unprecedented amounts of food recalls, food costs 20% higher than when Biden started occupying the White House, and we have the perfect storm of events making it difficult for parents to feed themselves and their children.
by Peter Schiff, Schiff Gold:
Industrial demand for silver is expected to set a record in 2023.
According to a forecast by Metal’s Focus in conjunction with the Silver Institute, industrial silver demand is on pace to rise by 8% to a record 632 million ounces. Investment in photovoltaics, power grid, and 5G networks, along with growth in consumer electronics and rising vehicle output are key drivers behind the elevated industrial demand.
