The US is Still Playing Checkers While Putin is Playing Chess to Weaken the Dollar

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November 24, 2023

by Christopher LaBorde, Gold Seek:

Last Tuesday (Nov. 22), during an emergency virtual BRICS meeting Putin declared that US unilateralism has wrecked all chances of peace in the Middle East. The statement was made with the support of China, BRICS nation supporters, the Arab world, and much of the Global South.

The following day a temporary cease-fire was brokered. A month after a UN General Assembly meeting voted on a Humanitarian truce, a week after the UN instructed the need for Humanitarian Pauses, and 12 hours after a Russian President explained that the US is destroying peace; the bullets will stop for increments of 24 hours. The accusation was that the US was killing people and destroying all options on peace by monopolizing diplomacy for their own interests. Putin’s timing, audience, and framing for this statement were that of a master chess player. Its moves like these that have left Biden looking more confused and bewildered than ever.

Shrinkflation: Robbing Us Quietly in Back Alleys

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November 23, 2023

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by Michael Maharrey, Schiff Gold:

Inflation robs you of purchasing power by driving up the price of everything you buy. You see the impacts of inflation every time you go to the store. But sometimes inflation hits you in a more subtle way that’s difficult to see – through “shrinkflation.”

I experienced shrinkflation first-hand last weekend.

Inflation-driven rising prices don’t just hit consumers. In fact, they typically impact producers first. As the cost of materials, labor and equipment goes up, companies feel the pinch. Eventually, they pass those costs on to their customers.

THE CRASH WILL BE SPECTACULAR

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November 23, 2023

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by Jim Quinn, The Burning Platform:

“Interest on the federal debt is now so immense that it’s consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt…”

The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term basis.

The Biden Regime Plans to Import 65,000 Additional Foreign Workers to Put Downward Pressure on Working Class American Wages

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November 23, 2023

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by Jose Nino, Big League Politics:

The Biden regime has plans of importing roughly 65,000 H-2B foreign visa workers. Such an immigration influx will result in migrants taking blue-collar jobs from working class Americans. This comes at a time when millions of Americans are largely not participating in the workforce.

Late on November 3, 2023, the Department of Homeland Security (DHS) and Labor Department announced that they will let businesses import 65,000 additional H-2B foreign visa workers to gain employment in construction, meatpacking, landscaping, and other economic sectors.

JUST IN – Turkey’s central bank raises interest rate by 5% to 40%, a bigger-than-expected hike.

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November 23, 2023

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JUST IN – Turkey's central bank raises interest rate by 5% to 40%, a bigger-than-expected hike.

— Disclose.tv (@disclosetv) November 23, 2023

Capitalism’s Bleak Future: Homelessness, Inflation, Cryptocurrency with John Rubino

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November 23, 2023

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by Kerry Lutz, Financial Survival Network:

John Rubino is back… Did inflation just reverse course? What’s the difference between disinflation and deflation? Are stocks right to like the Fed pause? How hard do things have to get for the Fed to start easing? Leading economic indicators down for the 19th straight month. Bitcoin is rocking. Will we finally get an EFT, and what will be the impact? Argentina just elected a libertarian. China and Saudi Arabia central banks sign local currency swap agreement. Read John’s latest ZeroHedge article here.

Continue

“This Is The BIGGEST REAL ESTATE BUBBLE IN HISTORY” Mike Maloney & Alan Hibbard

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November 22, 2023

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from GoldSilver (w/ Mike Maloney):

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

Industrial Demand for Silver on Pace to Set Record in 2023

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November 21, 2023

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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.

Ask the Expert – James Turk

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November 21, 2023

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by Craig Hemke, Sprott Money:

In this episode of Ask the Expert, host Craig Hemke and guest James Turk discuss:

The current state of the precious metals industry
Analysis of interest rates and their impact
Outlook on the economy, inflation, monetary policy and much more!

Watch the full video below.

CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES

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November 21, 2023

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by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $4.15 TO $1977.95/SILVER CLOSED DOWN 26 CENTS TO $23.51//PLATINUM CLOSED UP $24.95 TO $923.90 WHILE PALLADIUM CLOSED UP $32.25 TO $1087.75//CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES AND//IMPORTANT GOLD COMMENTARY TODAY FROM MATHEW PIEPENBERG//MELEI WINS THE ARGENTIAN ELECTION AND HE IS RIGHT WING, A LIBERTARIAN, FREE MARKET AND A STRONG SUPPORTER OF STORING PHYSICAL GOLD AS AN OFFICIAL ASSET. HE IS A STRONG SUPPORTER OF ISRAEL//INDIA PURCHASES A MASSIVE 125 TONNES OF GOLD IN OCT.//WILL BE DIFFICULT FOR THE FED TO PURCHASE IS 67 TONNES OF GOLD SHORTFALL//UPDATES ON ISRAEL-GAZAN WARN: FINALLY SHIFA HOSPITAL REVEALS MASSIVE WEAPONRY AND OTHER STUFF REVEALING ITS MILITARY COMMAND CENTRE//ISRAEL SURROUNDS INDONESIAN HOSPITAL AS WELL AS POUNDING THE SOUTH PART OF GAZA//COVID UPDATES//VACCINE INJURIES//DR PAUL ALEXANDER, SLAY NEWS/EVOL NEWS/NEWS ADDICTS//USA LEADING INDICATORS DROP FOR 19TH STRAIGHT MONTH

Dutch Central Bank Admits It Has Prepared for a New Gold Standard

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November 20, 2023

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by Jan Nieuwenhuijs, Gainesville Coins:

In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the gold price will skyrocket, and official gold reserves can be used to underpin a new gold standard, according to DNB. These statements confirm what I have been writing for the past years about central banks having prepared for a new international gold standard.

Question of the Day: Why Does the Fed Value Its Gold at $35 Per Ounce?

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November 20, 2023

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by Mish Shedlock, Mish Talk:

At $35 per ounce the Fed values its gold at $11.037 billion. What’s the gold really worth and why the low valuation?

The Fed has no oil to revalue but it does have gold. How much?

Fed’s Balance Sheet in Millions of Dollars

Your Credit Card Company Might Be Bankrolling Left-Wing Activism

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November 20, 2023

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by Robert Schmad, The Daily Caller:

Charitable foundations funded by credit card companies and managed by their executives are pouring millions of dollars into liberal advocacy organizations, tax filings show.

The American Express Foundation and the Visa Foundation, philanthropic arms of two of the largest credit card companies in the world, gave grants to several major left-wing groups between 2019 and 2021. Executives from Visa and American Express sit on the boards of their respective foundations, both of which have taken millions from the corporations that established them.

Anti-Woke Central Bank Nemesis Javier Milei Wins Argentina’s Presidential Election

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November 20, 2023

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from ZeroHedge:

Javier Milei, the outsider libertarian candidate with radical solutions to Argentina’s economic crisis, has just won Sunday’s presidential runoff against Economy Minister Sergio Massa.

In a surprise outcome, Massa conceded in a speech to supporters in Buenos Aires on Sunday even before the official results were released, saying he called Milei to congratulate him on his victory.

What’s Behind the Wave of Bank Account Closures?

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November 19, 2023

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from Birch Gold Group:

From Peter Reagan at Birch Gold Group

We’ve already reported that your bank could fail at any time thanks to the Fed’s fight against inflation. Banks adapted to a near-zero interest rate environment over the last two decades, and today they’re in bad shape overall.

Today, many are offering tempting yields on savings accounts. (Because it’s cheaper to borrow money from you, the customer, than from the Federal Reserve’s emergency funding program. I cannot stress this enough: no bank is truly safe.

Now, so long as your deposits stay under the FDIC’s insurance limits, a bank failure might be little more than a temporary inconvenience. When a bank does fail, the FDIC generally creeps in on a Sunday and makes sure everything is open for business as usual Under New Management the following morning.

Death of the Dollar

Former Silver Bull Warren Buffett on the Coming $84 Trillion Wealth Transfer

5 Reasons People Are Predicting $3,000 Gold

Silver Prices Set to SOAR: Are Central Banks Facing a UNPRECEDENTED TRAP? 🌍💰

Confirmed: China is the ‘Secret’ Gold Buyer

The Latest Gold Survey Found Something Very Interesting

The US is Still Playing Checkers While Putin is Playing Chess to Weaken the Dollar

Shrinkflation: Robbing Us Quietly in Back Alleys

THE CRASH WILL BE SPECTACULAR

The Biden Regime Plans to Import 65,000 Additional Foreign Workers to Put Downward Pressure on Working Class American Wages

JUST IN – Turkey’s central bank raises interest rate by 5% to 40%, a bigger-than-expected hike.

Capitalism’s Bleak Future: Homelessness, Inflation, Cryptocurrency with John Rubino

“This Is The BIGGEST REAL ESTATE BUBBLE IN HISTORY” Mike Maloney & Alan Hibbard

Industrial Demand for Silver on Pace to Set Record in 2023

Ask the Expert – James Turk

CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES

Dutch Central Bank Admits It Has Prepared for a New Gold Standard

Question of the Day: Why Does the Fed Value Its Gold at $35 Per Ounce?

Your Credit Card Company Might Be Bankrolling Left-Wing Activism

Anti-Woke Central Bank Nemesis Javier Milei Wins Argentina’s Presidential Election

What’s Behind the Wave of Bank Account Closures?