Tuesday, June 17, 2025

Utah Legislature Passes Bill That Would Potentially Create Roadblocks to a Central Bank Digital Currency (CBDC)

by Mike Maharrey, Gold Seek:

The Utah legislature overwhelmingly approved a bill that would expressly exclude a central bank digital currency (CBDC) from the state’s definition of money, creating potentially significant roadblocks to its use as such in the state.

Rep. Tyler Clancy was the primary sponsor of HB164. Sen. Michael Kennedy ran the bill on the Senate side.

The proposed law would specify that “a central bank digital currency is not specie legal tender and is not legal tender in the state,” effectively excluding CBDC from the state’s definition of money under the Utah Specie Legal Tender Act.

Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks

by Pam Martens and Russ Martens, Wall St On Parade:

According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in the U.S. since the Great Depression of the 1930s.  The FCIC wrote in its final report: “…the existence of millions of derivatives contracts of all types between systemically important financial institutions — unseen and unknown in this unregulated market — added to uncertainty and escalated panic….”

THEY’VE POISONED EVERYTHING!! — SOFIA SMALLSTORM

from SGT Report:

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Why Gold? Why Now?

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by Jim Rickards, Daily Reckoning:

Despite the Wall Street happy talk about the Federal Reserve winning the battle against inflation, that battle has not been won.

Headline CPI (the kind Americans actually pay, not constructs like “core” and “super-core”) was 3.4% in December. That compares to 3.1% in November and 3.0% last June (the January numbers will come out tomorrow).

In other words, inflation is not gone and may even be on the rise with higher oil prices lately due to geopolitical concerns. The Fed will not raise rates, but they will not be quick to cut them given continued inflation.

Sorry, You Can’t Have Your Gold

by Jeff Thomas, International Man:

In this publication, we warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money. To add insult to injury, they’re creating reporting requirements with regard to the contents of  safe deposit boxes and restricting what can be stored in them – again, at risk of confiscation.

WHAT A SHAME: Hollywood Panics as Box Office Sales Plunge to ‘Alarming Lows’

by Mike LaChance, The Gateway Pundit:

It’s still very early in 2024 but woke Hollywood is having a very bad year already. Box office sales are way down and show no signs of improving in the near future.

Perhaps audiences are tired of political lectures from leftists who despise everything about traditional America. Or maybe no one wants to see another tired superhero movie. How many Marvels movies are there now, anyway? Who can keep track?

This is a simple case of people voting with their wallets.

Jason Bermas: Total Economic Enslavement

from The Alex Jones Show:

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

Election-Year Gold Trends & Factors for 2024

by Peter Schiff, Schiff Gold:

While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.

From the January to the September preceding elections since 1980, gold prices have tended to rise. This is often attributed to the nature of the relationship between incumbent presidents and the Fed, as existing administrations put pressure on the central bank to maintain looser monetary policy to foster an illusion of economic prosperity (which presidents can then “take credit” for). Meanwhile, knowing that they’re more likely to be replaced if the other side wins, Fed chairs have an incentive to play ball.

TJ Roberts Plans to Make Kentucky “the Crypto Capital of the World”

by Jose Nino, Big League Politics:

On February 6, 2024, TJ Roberts, a candidate running for Kentucky House of Representatives District 66, published a press release unveiling his plan to turn Kentucky into a hub for economic freedom.

He specifically cited the United States’ growing inflation as the main catalyst for his plan to make Kentucky “the Crypto Capital of the World.” He stated the following:

Putin, Tucker & Truth, Scotus Smashes Insurrection, Debt Surge

by Greg Hunter, USA Watchdog:

Tucker Carlson interviewed Vladimir Putin, and the Deep State melted down.  They called him a “Mouthpiece for Putin,” a “traitor” and threatened to sanction Carlson.  Why?  The truth is a powerful thing, and the Deep State wants you to think the lies they are telling you about the Ukraine war are true.  This against a backdrop of the US Senate sending another $60 billion for a war that has already cost the lives of 500,000 Ukrainian soldiers.  Putin says he is ready to stop the war and negotiate a peace deal.  It is dangerous for you to hear that blasphemy when so much money and kickbacks are being made off a war that was lost long ago.  Way to go, Tucker!

The Commercial Real Estate Crisis Of 2024 Is Going To Be A Doozy…

by Michael Snyder, The Economic Collapse Blog:

Over the last several years we have seen commercial real estate values plummet dramatically all over the United States.  One of the reasons why this is happening is because millions of Americans started working from home during the pandemic, and many of them never returned to the office once the pandemic subsided.  Another reason why this is happening is because there has been a mass exodus of businesses from our core urban areas.  Conditions have rapidly deteriorated in many of our largest cities, and it is exceedingly difficult to run a profitable business in the midst of an environment of constant theft and violence.  Ultimately, it is very easy to understand why commercial real estate values have crashed, and they will almost certainly go even lower.

Here’s When the Fed Will Cut

by Jim Rickards, Daily Reckoning:

When will the Fed cut rates? Before giving you the answer, let’s back up.

Before last week’s Federal Reserve meeting, I offered readers the following forecast of what would happen at that meeting:

On Wednesday, the Fed will leave its target rate for fed funds unchanged. That decision will keep the federal funds target at 5.50% as set at the July 26, 2023 meeting. Over the course of fifteen FOMC meetings beginning March 16, 2022, I’ve been correct in all my forecasts including the “skipped” rate hikes at the June, September, November, and December 2023 meetings. I’m confident I’ll be correct on Wednesday also.

The Fed did keep the fed funds rate unchanged as I projected. That makes 16 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting.

EVERYTHING IS A LIE — BIX WEIR

from SGT Report:

Bix Weir is back to talk about banksters, the “TRILLION DOLLAR” silver market and the fact that at this point pretty much everything we have ever been sold or told is a LIE.

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The Royal Mint’s Growing Interest in Singapore

from BullionStar:

The Royal Mint, which is the United Kingdom’s official government mint, is taking a growing interest in Singapore and Southeast Asia’s bullion market and is expanding its presence and product offerings in the gold and silver-hungry region.

With an illustrious history going all the way back to 886 AD, The Royal Mint is one of the world’s oldest mints and is famous for its high quality bullion products including the long-running Gold Sovereign coin, the gold, silver, and platinum Britannia, Queen’s Beast, and Tudor Beast series of coins, as well as a variety of gold, silver, and platinum bullion bars.