Wednesday, November 13, 2019

Keiser Report: Consequences of Neoliberalism (E1254)

from RT:

In the second half, Max interviews Scottish businessman, Neil Mitchell, about his many years long battle for justice for UK victims of RBS, the taxpayer owned bank that was found to have forced viable businesses into bankruptcy. Mitchell suspects the bank may have also practiced such tactics in America and is taking his case across the Atlantic.

India Soaks Up Physical Silver Supply – Craig Hemke (17/07/2018)

by Craig Hemke, Sprott Money:

Rather than another discussion of charts and COMEX price projections, this week we thought we should point out a physical fundamental that has gone seemingly unnoticed in 2018.

Before we begin, let’s be sure to give credit to Louis Cammarosano at Smaulgld. Louis diligently monitors global metal demand, and he brought this Indian demand issue to our attention last week. You can read his post here: https://smaulgld.com/india-silver-imports-april-20…

Russia Liquidates Its US Treasury Holdings

from ZeroHedge:

Last month we showed that as Trade Wars began in April, the world’s central banks and other official institutions dumped more Treasuries than in any month since January 2016, some $48.3BN, perhaps over concerns of others selling first, and precipitating a sharp move higher in yields. Fast forward one month later to May, when according to the latest just released Treasury International Capital (TIC) update, in May the selling of Treasurys by official entities continued, with another $24BN sold in the month of May, when yields continued to rise and eventually hit the 2018 highs of 3.11%.

Purchasing Power Warning

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by Gary Christianson, Miles Franklin:

In a better world we might expect:

  • “Honest” money is universally used, has intrinsic value, retains its purchasing power and cannot be counterfeited by individuals or bankers.
  • Individuals, corporations, and governments spend less than their income.
  • Governments and bankers support and encourage real accounting and “honest” money.

The Trade War Is Already Having A Huge Impact On The U.S. Economy

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by Michael Snyder, The Economic Collapse Blog:

The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy.  Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes.  Right now the mainstream media iabsolutely fixated on the drama surrounding the recently concluded Trump-Putin summit meeting, but the consequences of this trade war will ultimately be far more important for the lives of most ordinary Americans.  As more tariffs continue to be implemented, this will perhaps be the biggest disruption to the global economic system that we have seen in decades.  Perhaps you have not been affected personally yet, but for many Americans this trade war has changed everything.  For example, just consider the plight of soybean farmer Tim Bardole

THE RAIDS CONTINUE: GOLD DOWN $12.40 TO $1227.60 WITH SILVER DOWN 20 CENTS TO $15.60

by Harvey Organ, Harvey Organ Blog:

THE SHANGHAI OIL CONTRACT WHICH WILL MAKE ITS FIRST DELIVERY IN SEPT 2018/IT HAS A TURNOVER OF OVER 10 TRILLION YUAN OR 1.49 TRILLION USA/NO DOUBT THAT THE SELLERS OF THESE CONTRACTS DENOMINATED IN YUAN WILL CONVERT IN SHANGHAI TO GOLD

Norway Central Bank Goes Dark on Its $276 Billion in U.S. Stocks

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

With all the front page headlines on Russia’s meddling in the 2016 election to put Donald Trump in the White House, there needs to be some reflection on what’s happening today. Trump’s poll numbers are not collapsing today because the U.S. stock market appears to like Donald Trump. And since tens of millions of Americans’ 401(k) plans and future retirement prospects are tied to the stock market, self interest is playing a role in propping up the President’s approval ratings.

But to an ever growing degree, the U.S. stock market is being propped up by hedge fund algorithms, corporations taking on debt to buy back their own stock, big Wall Street banks’ dark pools trading in darkness and foreign central banks and foreign sovereign wealth funds gobbling up U.S. stocks.

Bitcoin Holders Are Today Learning Something Goldbugs Already Know

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by Clint Siegner, Money Metals:

Precious metals investors have learned a difficult truth in recent years. The best way to control a market is to put Wall Street in charge of it.

Gold and silver futures were created in the 1970s with the admitted purpose of “increasing volatility” in the markets and discouraging the ownership of physical bullion. It is a lesson that participants in other markets would do well to learn – specifically the Bitcoin and cryptocurrency markets.

Officials were terrified that free markets built around the supply and demand for tangible (not paper) gold and silver would wind up destroying confidence in the fiat dollar.