Monday, September 21, 2020

John Rubino – Why the US Dollar Can’t Protect You

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by Kerry Lutz, Financial Survival Network:

John Rubino is back…

Thomas a member of the FSN community asked us a question about the viability and future of the US Dollar. While the dollar might be the best looking horse in the glue factory, it’s still headed for the glue pot of history. If all fiat currencies are going down, you need to look elsewhere to protect your wealth and your future.

Click HERE to Listen

The Empire Strikes Back, Part 3: “Big Meat” Tries To Define Away The Competition

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by John Rubino, Dollar Collapse:

Silicon Valley is pouring venture capital into startups that use cultured animal cells to grow meat. The hope (now backed with hundreds of millions of dollars) is that they’ll someday replace corn fields, feedlots and slaughterhouses with football-field sized vats from which an entire city’s hamburgers and chicken nuggets emerge sans animal suffering or land degradation.

Most people would probably say that as long as the taste, nutrition and price are comparable to traditional meat, the more the merrier. Let the competition begin.

But not Big Meat. Like most entrenched Establishments, the various factory farming organizations and state farm bureaus have no intention of becoming the next coal industry, virtually wiped off the map by new and better technologies. So they’re trying to head this stampede off at the pass by, among other things, laying claim to the word “meat”:

Don’t Wait Too Long to Leave the Party

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by Jim Rickards, Daily Reckoning:

Liquidity is the ultimate paradox in finance. It’s always there when you don’t need it and never there when you need it most. The reason is crowd behavior, or what mathematicians call hypersynchronicity (a fancy word for everyone doing the same thing at the same time).

When markets are calm, no one wants liquidity because investors are happy to hold stocks, bonds, currencies, commodities and other assets in their portfolios. As a result, there’s plenty of liquidity on offer from bank lenders and very few takers.

The opposite is true.

Global Silver Scrap Supply Falls To 26-Year Low

by Steve St. Angelo, SRSRocco Report:

Global silver scrap supply fell to its lowest level in 26 years. World silver recycling in 2017 dropped by nearly 50% since its peak in 2011. According to the 2018 World Silver Survey, global silver scrap supply declined to 138 million oz (Moz) compared to 261 Moz in 2011. While the lower silver price is partly responsible for the large drop in silver recycling, there are other market dynamics.

For example, silver recycling from the photography sector has declined since consumption peaked in 1999. The photography industry was using 228 Moz of silver in 1999 compared to the 44 Moz last year. Thus, silver consumption in photography has declined by 80% in nearly two decades… and along with it, a great deal of recycled silver supply.

APRIL COALITION OF FORCES STRIKE CHEMICAL OPERATIONS INSIDE SYRIA

by Harvey Organ, Harvey Organ Blog:

MINOR RESPONSES FROM BOTH CHINA AND RUSSIA/GOLD UP $2.80 TO $1347.90/SILVER UP 7 CENTS TO $16.68/US HAS DECIDED NOT TO WITHDRAW ITS TROOPS FROM SYRIA/USA HOLDING A MASSIVE DRILL OF 4,000 TROOPS JUST OUTSIDE SYRIA IN AQABA/MORE SWAMP STORIES

There Is Something Gold & Silver Must Do Before The Rally Can Begin In Earnest

from Silver Doctors:

SD Outlook: Has gold & silver’s rally been put on hold with new found world peace? Here’s what gold & silver need to do to show the rally is real…

Amazing.

The war cycle is in line with the news cycle, and it’s even in line with the market cycle.

You see, when market negative news hits the tape, it could wreak serious havoc on the markets, and as such, it’s always best to have market devastating news, like, oh a war, happen on a Friday, wrapped up by Saturday morning, so that by the time markets open Sunday evening it was as if nothing had happened.

Just amazing.

Interest Expenditures Will Now Exceed Military Spending – We are being Walled-In by our Own Debt

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by Martin Armstrong, Armstrong Economics:

I have been warning for years at the World Economic Conferences that interest expenditures will reach the point that they will crowd out everything else. Well at last, as we enter 2019 and the War Cycle heats up, interest expenditures will not EXCEED even military spending. Welcome to the SOVEREIGN DEBT CRISIS. I have also stated for years that we elect people to run a government with absolutely NO QUALIFICATION whatsoever. There were people who want Oprah to run for President because she is (1) black and (2) a woman. This is the standard of expertise far too many people apply when it comes to politics. I have also made the analogy that this is like asking a cab driver to conduct open-heart-surgery on you because he smiles nice and holds a good conversation.