Sunday, May 22, 2022

Nancy Pelosi Finally Loses Some Money

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by Simon Black, Sovereign Man:

Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

Hunter Biden: The Greatest Businessman of All Time

Forget Elon Musk. Hunter Biden must clearly be the greatest businessman of all time.

Yesterday, NBC News released an analysis of Hunter Biden’s hard drive, showing that the Big Guy’s son earned a whopping $11 million over the past few years from Ukrainian and Chinese firms with which he did business.

Why Are Dozens Of Processing Facilities Burning Down?

from Humans Are Free:

With each passing day inflation rates soar to sky-high levels. Prices of groceries, fuel, and housing are rising astronomically every week. As Americans struggle to afford basic necessities, the United States government is hemorrhaging billions of dollars overseas. Simultaneously, domestic supply chain issues have left shelves increasingly barren, and rampant shortages are impacting the lives of millions. Unfortunately, citizens must now brace for yet another unexpected blow.

Inflation Comes to Japan, amid Plunging Yen, Inflation Subsidies. Bank of Japan Blows it Off as “Transitory,” Throws Yen under Bus

by Wolf Richter, Wolf Street:

The Japanese people are not amused.

OK, so here we go. The overall consumer price index for all items in Japan jumped by 0.4% in April from March, the third month in a row of 0.4% increases (4.8% annualized), and by 2.5% from a year ago, up from an increase of 1.2% in the prior month, Japan’s Statistics Bureau reported today.

Latest CDC data confirms Fully Vaccinated 5 to 11-year-olds have a higher Covid-19 infection rate than their Unvaccinated Peers

by Rhoda Wilson, Expose News:

The U.S. Centers for Disease Control has revealed that fully vaccinated 5 to 11-year-old children have been more likely to be infected with Covid-19 than unvaccinated children of the same age since early February 2022, and the gap between the two groups is widening by the week.

Be Prepared! The Dollar Is Getting Ready To Turn From Sirloin To Bottom Round – This Is When Gold Will Really Shine As The Bottom Falls Out On America

by MN Gordon, All News Pipeline:

Dollar Strength

Amidst a backdrop of raging consumer price inflation something strange and unexpected is going on.  The U.S. dollar has become more valuable.  Not against goods and services.  But against foreign currencies.

For example, the U.S. dollar index, which is a measure of the value of the dollar relative to a basket of foreign currencies, recently crossed the 105 level.  This marks its highest level since December 2002.  Not since tech stocks were in full meltdown in 2002 has the dollar been so strong.

Without questions, the dollar’s had quite a run.  The dollar index increased over 6 percent in 2021.  So far in 2022, it has already gained over 7 percent.  And, for the time being, and despite shortsighted dollar weaponization policies, the dollar is preserving its reserve currency status.

Existing Home Sales Skid to Pre-Pandemic Level, a Housing Bust is Underway

by Mish Shedlock, Mish Talk:

Existing home sale declined for the third month. It’s just a start of what’s coming.

The National Association of Realtors reports Existing-Home Sales Retract 2.4% in April

Report Highlights 

  • Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million.

Inside the Gold Vault of the Portuguese Central Bank

by Ronan Manly, BullionStar:

On Tuesday 17 May, the central bank of Portugal brought a group of Portuguese reporters and photographers on a visit to its gold vault located in a high security compound in a town called Carregado, about 30 minutes drive north-east of Portugal’s capital Lisbon.

The Portuguese central bank, known as “Banco de Portugal”, boasts significant gold reserves, and claims to hold 382.6 tonnes of gold, a figure which puts in in 6th place among European central bank gold holders, only behind Germany, Italy, France, Switzerland, and the Netherlands, and in 14th place on a global basis.

Comex Countdown: Gold Shows Strength while Silver Sees Cash Settlement

by Peter Schiff, Schiff Gold:

This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.

Silver: Recent Delivery Month

Silver is wrapping up May which is a major month contract on the Comex. Delivery volume has been falling and resumes the downward trend that has been ongoing for a year. As the chart below shows, December and March now appear to be anomalies rather than a change in trend (for now).

CHINA TO BUY CHEAP RUSSIAN OIL FOR ITS RESERVES AND NO DOUBT WILL PAY FOR IT WITH GOLD

by Harvey Organ, Harvey Organ Blog:

GOLD UP $7.75 TO $1844.20//SILVER DOWN 20 CENTS TO $21.69//PLATINUM UP $15.10 TO $965.95/PALLADIUM DOWN $56.10 TO $1959.15//COVID UPDATES/ VACCINE IMPACT//CHINA TO BUY CHEAP RUSSIAN OIL FOR ITS RESERVES AND NO DOUBT WILL PAY FOR IT WITH GOLD//RUSSIAN ROUBLE HITS A 7 YEAR HIGH//RUSSIA NOW CUTS OF FINLAND FROM ELECTRICITY

Beyond Beans Bullets and Band-Aids, Part 2, by Todd Albertson

by Todd Albertson, Survival Blog:

(Continued from Part 1. This concludes the article.)

Have a Plan

The key to preparing for a disaster —both emotionally and physically—is to plan ahead of time. Make sure you know what your role is during a disaster. During an actual emergency, you may be literally incapable of thinking clearly as life suddenly and drastically changes. Knowing what to do should this happen can lessen your anxiety during an emergency. Being less anxious can help you think more wisely and logically and thus reduce the risk of injury or death.

The Solution for Social Media Spam Bots Is Already Here

by Charles Hugh Smith, Of Two Minds:

The right of free speech should not be confused with an obligation for privately owned enterprises to allow spamming and spoofing under the guise of free speech.

The problem of bots on Twitter is in the news. This is of course a problem in all social media: fake accounts, spamming accounts, spoofing (expropriating your identity) accounts, and so on, all courtesy of anonymous account creation.

The solution to the tsunami of social-media bots is already here and already in use. It’s known as identity verification.

Revisiting An Old Premise

by Ted Butler, Silver Seek:

A month ago, silver and gold prices looked ready to surge higher, with silver prices at $26 and gold pressing on $2000 and with just about every commentator calling for a significant breakout to the upside. The only “fly in the ointment” was a quite negative market structure on the COMEX, which indicated the commercial traders were way too short and the managed money traders were already way too long to allow for a price surge higher. Sure enough, the commercials prevailed (as they always have) and instead of prices climbing, they got smashed lower.

The U.S. Economy Is In A Recession Now – Gold, Silver Set To Soar

by Dave Kranzler, Investment Research Dynamics:

“We’ve seen a downturn in the price as expressed in the paper derivatives precious metals’ price. There hasn’t been any large scale physical selling of gold or silver. Coin dealers sell gold and silver on a daily basis to retail buyers and the bullion banks broker bullion from major gold bullion producers into the countries that are buying – India, Russia, China, etc – but I have not heard of any entity that owns a large amount of gold say ‘we have to sell 100 tonnes gold, bid wanted in comp…”