from Bannons War Room:
TRUTH LIVES on at https://sgtreport.tv/
by Mish Shedlock, Mish Talk:
Let’s discuss the role and meaning of lost Bitcoins on future price actions.
How Many Bitcoins Will There Be?
The maximum number of Bitcoins is 21 million. But if 30 percent of them are lost the actual available supply of usable Bitcoins is 21 – (.3 * 21) = 14.7 million.
by Susan Duclos, All News Pipeline:
There have been rumblings, online and off, throughout the world of finance that “something” is going on, but rumors being what they are, one must take that chatter with a grain of salt.
With that said, anything adding more weight to the camels back is going to contribute to the economic crisis we already face.
The Issues We Already Know Of:
Gas still above what it was before Joe Biden started occupying the White House (Expected to rise again after the November midterms). Food inflation causing more and more people to food banks, and others to change their eating habits because they get less food for more money at the grocery store. Overall inflation already costing American families more than 4K in annual income, according to the most recent reports.
by Martin Armstrong, Armstrong Economics:
Crime has been rampant across America over the last two years. The economic downturn hurt low-income communities the most, and some are turning to crime for quick money. The borders are open, and anyone can enter America from the south. Laws have been repealed to permit an assortment of crimes, sweetheart deals for violent offenders are common, and nearly every city has reported a sharp uptick in crime under the Biden Administration.
by Peter Schiff, Schiff Gold:
The price analysis last month titled Caution Warranted in the Short Term, highlighted the potential risk in gold and silver even after a rough July and early August. It concluded the path now is much less clear. Gold could be range bound again between $1750-$1800. Or, a hawkish Fed at the Jackson Hole summit could potentially crack $1750 and open up the door for new lows. The gold miners are definitely anticipating this!
Just when you thought it couldn’t possibly get any worse for the bond market, we got a dire 2Y auction.
One minute after 1pm, the Treasury announced results from today’s sale of $43 billion in 2Y paper, which were nothing short of disastrous. The high yield – already the highest in 15 years – was almost a full percent, or 98bps, above August’s 3.307%, and stopping at a high yield of 4.290%, the auction tailed the When Issued 4.274% by 1.6bps, the biggest tail going back to feb 2020 when the bond market was similarly paralyzed, but back then it was due to covid.
by Paul Joseph Watson, Summit News:
Poland has begun a program of distributing iodine tablets to emergency workers and first responders, starting with regional fire departments – who can in turn hand them out to the general population – in the event of a possible radioactive disaster at Europe’s largest nuclear power plant.
A Polish deputy minister first announced the plan on Thursday, warning of the possibility of dangerous radioactive exposure amid continued fighting in neighboring Ukraine, where technicians at the Zaporizhzhia Nuclear Power Plant continue to struggle to maintain safeguards.
by Paul Craig Roberts, Paul Craig Roberts:
The Federal Reserve is not conducting an anti-inflationary policy. It is conducting an anti-people policy.
The rising prices are not due to excessive consumer demand that needs to be curtailed by choking off credit. The rise in prices are the direct consequence of the idiot Biden regimes’ unnecessary Covid lockdowns and the idiot Biden regime’s Russian sanctions which have disrupted the globalism on which the Washington fools have based our economy. Putting people out of work cannot prevent higher prices due to supply constraints. The Federal Reserve is causing higher prices by further reducing supply.
by Ethan Huff, Natural News:
Uniper, which is being hit exceptionally hard by the ongoing European energy crisis, needs a lot of help if it is going to survive. The company has seen tremendous losses ever since the West imposed sanctions against Russia over its invasion of Ukraine.
by Wolf Richter, Wolf Street:
But this time, there’s over 8% inflation.
The Dow Jones Industrial Average on Friday closed about 300 points below its June 16 low, thereby having more than wiped out the bear-market rally gains. For the Dow, the bear-market rally started on June 17 and ended on August 16. During the two-month rally, the Dow had jumped 14%. By Friday at the close, it was again down 20% from its all-time high.