Tuesday, September 29, 2020

GLOBALISM vs NATIONALISM – Only One Can Win

by Wayne Jett, Classical Capital:

This is the best opportunity anyone now living has had to witness really good changes favoring humanity. Even in America, as in other nations, many generations have lived entire lives under political and economic domination by hidden powers. Henry George famously described these hidden powers in 1880 as “a vast and dominant pecuniary interest … [that] in every country … writes laws and molds thought ….” At long last, a campaign led by President Donald Trump is near de-throning those hidden powers and recovering enormous wealth illicitly taken by them during their long reign over humanity.

The Fed’s Repo Bailout and JPMorgan’s 38 Trading Floors

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

Since September 17 of this year, the central bank of the United States, the Federal Reserve, has been pumping hundreds of billions of dollars each week to unnamed trading firms on Wall Street. We know the loans are going to trading firms because the loans are being made to the 24 primary dealers (see list below) with whom the New York Fed conducts open market operations. (The list includes one foreign bank and 23 stock brokerage houses and investment banks.) The New York Fed has publicly disclosed that the loans are going to primary dealers but will not say which firms are getting the bulk of the money.

JPM EXECUTIVE VP FOR GOLD AND SILVER ARRESTED UNDER THE CHARGES OF RACKETEERING AND FRAUD

by Harvey Organ, Harvey Organ Blog:

GOLD UP $2.40 TO $1473.90//SILVER UP 11 CENTS TO $17.14//NEW RECORD FOR COMEX GOLD AT NORTH OF 717,000 CONTRACTS// STRONG QUEUE JUMPING IN GOLD// HONG KONG EVENTS OF TODAY//NETHERLANDS FACING A HUGE PENSION PROBLEM BECAUSE OF EU PROBLEMS..//JPM EXECUTIVE VP FOR GOLD AND SILVER ARRESTED UNDER THE CHARGES OF RACKETEERING AND FRAUD//HOROWITZ WILL RELEASE HIS PROBE ON FISA ABUSES/MORE SWAMP STORIES FOR YOU TONIGHT

Debt Slavery

by Gary Christianson, Miles Franklin:

Breaking news: The DOW hit another all-time high at 28,004 on October 15.

From Sven Henrich: “The Day of Reckoning.”

“… once again giant inflows of artificial liquidity are dominating the price action in markets irrespective of what’s going on with earnings or growth.”

Debts: Currency and Digital Accounts:

Dollar bills: Dollars are Federal Reserve Notes—a debt of the Fed to you, the holder of the dollar bill. These currency units have no intrinsic value.

THE FEDERAL RESERVE IS GAMBLING WITH THE GLOBAL ECONOMY

by Mac Slavo, SHTF Plan:

The economy is being gambled with.  The Federal Reserve is likely going to cut interest rates this week, and the global economy is at stake.

Despite unemployment being at historic lows and the stock market being at historic highs, a highly unusual action is shaping up to be the biggest gamble of Fed Chair Jerome H. Powell’s brief tenure as leader of the world’s most powerful economic institution.  The central bank will be putting the economy on the line to see what will happen when they cut interest rates.

Gold Demand Up 3% in the Third Quarter

by Peter Schiff, Schiff Gold:

Gold demand was up 3% in the third quarter, coming in at 1,107. 9 tons, according to the Gold Demand Trends Q3 2019 report put out by the World Gold Council.

Record inflows of gold into ETFs overcame weakness in the jewelry, and gold bar and coin markets to push overall demand higher.

Gold mine output dropped slightly, but a surge in recycling drove a modest gain in supply.

Gold-backed ETFs took in 258 tons of gold in Q3. ETF gold holdings reached all-time highs in September, hitting 2,808 tons. That eclipsed the previous record set back in 2012 when the price of gold was near $1,700 per ounce. According to the WGC, “Accommodative monetary policies, along with safe-haven and momentum buying, drove demand.”

The New Zeitgeist: Massive Demand for Physical Precious Metals, Tangible Assets, Here to Stay – Nathan McDonald

by Nathan McDonald, Sprott Money:

Wall Street has finally found its footing, after the Federal Reserve gave the green light to investors, indicating that endless amounts of quantitative easing was about to be unleashed upon the markets, using whatever tools they have available to them to achieve their goal of “supporting the economy”.

Additionally, the G7, after facing extreme criticism for their lack of united effort thus far, released the following joint statement;

“We will do whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system.”