Saturday, May 4, 2024

DEBT RATTLE NOW AUDIBLE…

by Joseph P. Farrell, Giza Death Star:

Regular readers here know that I’m certainly nowhere close to being a master or guru of finance and economics. If I were, I’d be rich, and I’m definitely not rich. And I freely admit, this current system and its woes make no sense to me because… well, because it makes no sense.  Bond prices go up, yields go down, inflation goes up, while there are signs of a deflationary future, and there’s more yellin’ from Yellen(whom I’m convinced cannot possibly be as stupid as she acts, because if she is, you might as well make her the “vice president” and put the  Ayatollah Kamala in charge of the Fed). We produce … well, pretty much nothing other than “financial instruments” which in turn produce more and more nothing other than financial instruments, and this all means it’s a perfect time for the United Auto Workers to strike so that what few cars we still do produce will not be produced, and we’re told we’re better off under “president”  Bai Den Dhzao and his hand-puppet act than before.

THEY’VE POISONED EVERYTHING!! — SOFIA SMALLSTORM

from SGT Report:

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LOUISIANA’S BULLION BILL AND SOME NECESSARY CLARIFICATIONS

by Joseph P. Farrell, Giza Death Star:

After last week’s blog about the South Dakota bullion and unit-of-account bill, I received an  email from Catherine Austin Fitts that the movement to state bullion depositories might be the latest gimik and squeeze play from the banksters.  We’ll get to why that possibility should never be ignored in a moment, because the Louisiana bill, as written, contains some telltale signs that her misgivings are well-founded.  But I also want to use this opportunity to clarify my thinking for the record, and to remind readers here that if you read my individual blogs and do not contextualize them within the wider body of my thinking about financial and physical systems, that you will be bound to misinterpret and forget what I’ve stated on previous occasions. Absent any repudiation by me, those earlier statements still form part of my thinking.

Why Are Online Banking Services Suddenly Being Disrupted All Over The United States?

by Mac Slavo, SHTF Plan:

Should we be concerned about all of the problems that are suddenly erupting at our banks?  U.S. banks have been shutting down hundreds of branches, they have been laying off thousands of workers, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever.  If all of that wasn’t bad enough, now endless “glitches” are plaguing our banking system.  For example, the glitch that caused paychecks not to be deposited at many banks on Friday still has not been fully resolved

GoldSeek Radio Nugget – Martin Armstrong:

from GoldSeek Radio Nugget:

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

JP MORGAN FORECASTS $30 SILVER IN 2024

from Arcadia Economics:

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

ANALYSIS: Conservatives’ Boycotts Wipe Off Billions From Target and Bud Light Valuations, More Brand Battles Upcoming

from The Epoch Times:

Major brands such as Bud Light and Target, among others, are facing immense backlash from supporting LGBTQ causes, with the market capitalization of the firms crashing by double digits in recent weeks.

Stores of Target were boycotted after the retail giant rolled out its Pride collection at the beginning of May, including some items targeted at children. Between May 1 and May 30, Target’s market capitalization fell from $72.52 billion to $61.78 billion—a decline of 14.80 percent. Bud Light became a target after partnering with transgender social media personality Dylan Mulvaney in a promotional campaign in April. Between April 3 and May 30, the market cap of Anheuser-Busch, which owns Bud Light, fell from $132.06 billion to $108.19 billion—a decrease of over 18 percent.

Soros Son Vows ‘No Retreat’ From Europe, Warns Trump and ‘MAGA-Style’ Republicans Threaten EU Unity

by Kurt Zindulka, Breitbart:

The son of Hungarian activist billionaire George Soros and chairman of Open Society Foundations rejected claims that his globalist funding operation will “retreat” from Europe, while warning that former President Donald Trump poses a risk to EU “unity” if re-elected.

Alex Soros, the scion of the Soros empire and recently installed head of the Open Society Foundations (OSF), said this week that his organisation is still intent on interfering in Europe, saying that the continent “remains of huge strategic importance to the work of OSF”.

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.

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.

Moody’s Lowers US Credit Outlook to “Negative”

by Michael Maharrey, Schiff Gold:

Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice.

On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The agency typically resolves an outlook by either revising it back to stable or executing an actual downgrade within 18 to 24 months.

Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago

by Wolf Richter, Wolf Street:

Trillions whooshing by so fast they’re hard to see.

The total US national debt spiked by $1.58 trillion since the debt ceiling was lifted, and by $2.16 trillion from a year ago, to $33.04 trillion, according to the Treasury Department’s figures this afternoon.

A stunning amount of new debt that is getting piled on in a stunningly short amount of time, even as the economy has been growing at decent rates! Congratulations, America 🥂

How high will GOLD and BITCOIN go?

from Health Ranger Report:

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

A Busy Week for Gold

by Craig Hemke, Sprott Money:

As January ends and February begins, the calendar has suddenly gotten very busy in terms of news events that will impact the COMEX gold price. Whether that impact will be positive or negative remains to be seen.

Let’s start with the economic news pending for Tuesday. The monthly JOLTS jobs data has long been a driver of intraday volatility for the precious metals, and when it’s released on Tuesday, you can be certain that prices will once again be “jolted”. Why? This report measures trends in hiring and firing, and with the U.S. jobs market reportedly remaining “strong”, traders look to the JOLTS report for early warning signs in total employment.