from WallStForMainSt:
DROP YOUR WEAPONS: Gold – Be TRIGGER-READY!
by Lior Gantz, Government Slaves:
We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who Our Staff Looks At For Accurate Economic Forecasting.
In 2010, one of the best-performing asset managers in history, billionaire and Carolina Panthers owner, David Tepper, was quoted in what became one of the best lines of this bull market. He essentially said that if the FED does QE 1, 2, and 3 while buying bonds and is willing to see some inflation in the process, he certainly wouldn’t be fighting them and would go LONG.
Iran goes for “maximum counter-pressure”
by Pepe Escobar, Strategic Culture:
Sooner or later the US “maximum pressure” on Iran would inevitably be met by “maximum counter-pressure”. Sparks are ominously bound to fly.
For the past few days, intelligence circles across Eurasia had been prodding Tehran to consider a quite straightforward scenario. There would be no need to shut down the Strait of Hormuz if Quds Force commander, General Qasem Soleimani, the ultimate Pentagon bête noire, explained in detail, on global media, that Washington simply does not have the military capacity to keep the Strait open.
Shutting Down the Gulf Oil Trade: All Iran Needs to Do to Destroy the World Economy
from Russia Insider:
Sooner or later the US “maximum pressure” on Iran would inevitably be met by “maximum counter-pressure”. Sparks are ominously bound to fly.
For the past few days, intelligence circles across Eurasia had been prodding Tehran to consider a quite straightforward scenario. There would be no need to shut down the Strait of Hormuz if Quds Force commander, General Qasem Soleimani, the ultimate Pentagon bête noire, explained in detail, on global media, that Washington simply does not have the military capacity to keep the Strait open.
Hidden Fees Could Be Costing You Thousands of Dollars. Here’s How To Protect Yourself
by Dagny Taggart, The Organic Prepper:
How many times have you read the fine print on a bill and been shocked to find an unexpected fee listed?
Hidden fees are now so common that if you haven’t been slapped with one yet, you are in the minority.
Just over a year ago, Consumer Reports launched an ongoing campaign called What the Fee?! and the information they have gathered since launching the program is eye-opening. The nonprofit organization conducted a survey and found that at least 85 percent of Americans have encountered an unexpected or hidden fee over the past two years for a service they had used. And, two-thirds of the 2,000 surveyed said they are paying more now in surprise charges than they did five years ago.
Gold Reaches 5 Year High – Possible Bull Run Ahead
from Birch Gold Group:
Over the past few days, gold prices reached as high as $1,400, the highest in 5 years.
The jump in price followed news the Fed may act “dovish” and cut rates as soon as July. According to one CNBC article:
The central bank predicts one or two rate cuts in its set of economic predictions, but not until 2020. Despite cautious wording in the post-meeting statement Wednesday, markets are still betting the Fed cuts, as soon as July.
You can see the moment gold prices spiked in the chart below for spot gold:
The Lessons of Rome: Our Neofeudal Oligarchy
by Charles Hugh Smith, Of Two Minds:
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.
The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting.
The effort is well worth it, as the book helps us understand how the power structures of societies change over time in ways that may be largely invisible to those living through the changes.
The Inheritance of Rome focuses on the lasting influence of Rome’s centralized social and political structures even as centralized economic power and trade routes dissolved.
ZIRP And QE Won’t Save The Economy – Buy Gold
by Dave Kranzler, Investment Research Dynamics:
It’s not that we’ll mistake them for the truth. The real danger is that if we hear enough lies, then we no longer recognize the truth at all… – “Chernobyl” episode 1 opening monologue
I’ve been discussing the significance of the inverted yield curve in the last few of my Short Seller’s Journal. Notwithstanding pleas from the financial media and Wall Street soothsayers to ignore the inversion this time, this chart below illustrates my view that cutting interest rates may not do much (apologies to the source – I do not remember where I found the unedited chart):
