Friday, July 20, 2018

What’s Going on in Trucking and Rail?

by Wolf Richter, Wolf Street:

“Many modes are reporting limited capacity or no capacity at any price shippers are willing to pay.”

Everyone in the industry is loving it.

“The environment for us right now compared to where we were at the end of last year is dramatically different,” CSX CEO Jim Foote said Tuesday evening, when the railroad reported that earnings had jumped 72% from a year ago on a 6% revenue increase. “In terms of the pricing environment and the capacity environment, it’s a good time to be in the railroad business,” he said.

If Fed Tightening Stops in 2018, Will the Stock Market Be Saved From COLLAPSE?

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from The Money GPS:

https://www.youtube.com/watch?v=urUev9nWaI8

TRUMP SURPRISES THE CABAL IN THAT HE IS AGAINST THE FED RAISING INTEREST RATES: THAT SENDS THE DOLLAR DOWN AND GOLD AND SILVER UP

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by Harvey Organ, Harvey Organ Blog:

GOLD ENDS THE COMEX SESSION DOWN $1.00 TO $1227/SILVER IS DOWN 17 CENTS TO $15.43/ DESPITE THE CONSTANT WHACKING OF SILVER, THE SLV INVENTORY ROSE BY 752,000 OZ/CHINESE STOCKS PLUMMET LAST NIGHT/CHINA HAS ITS FIRST MAJOR BANKRUPTCY AS THE YUAN COLLAPSES TO ALMOST 6.79 TO THE DOLLAR/HUGE SWAMP STORIES FOR YOU TONIGHT

Seasonal Markets – Gold, Silver, Platinum & Palladium Price Movements | Golden Rule Radio

from McAlvany Financial:

https://www.youtube.com/watch?v=3IkOrof87yg

Busting a Myth: Gold Makes Boom-Bust Cycles Worse

by Peter Schiff, Schiff Gold:

Some people claim gold isn’t “sound” money any more than dollars or euros. They argue that the gold supply can be inflated just like a fiat currency. After all, gold is constantly being pulled out of the ground, right? They say a gold standard actually makes the boom-bust cycle worse. But commentators who make this claim miss a number of important points.

In the first place, gold is produced at a relatively constant rate and it’s impossible to ramp up production on a whim. It’s not like a gold mine operator can go fire up the printing press and produce more gold just because he wants to. Gold is, by its very nature, scarce. On the other hand, dollars are not. A government can create as much new currency as it wants, whenever it wants. Although the gold supply does inflate, it’s nothing like the intentional inflation we see with fiat currency.

John Rubino – Gold and Silver Hitting New Lows

by Kerry Lutz, Financial Survival Network:

John Rubino returns… Seasonal factors along with a strong US Dollar have led to a drop in most commodities, including gold and silver. It’s frustrating for those who believe that precious metals are a hedge against chaos, but it’s nothing we haven’t seen before. We’re heading to the 4th quarter, traditionally the strongest time of the year for precious metals prices. 70 percent of the time, prices go higher. In addition, we answer Arno’s question as to what happens when a country disposes of their US Treasury holdings. What can we expect if this becomes a trend. It could lead to serious issues with the Dollar and the US.

Click HERE to Listen

Revenge Of The Zombie Companies – Mike Maloney’s Early Warning Presentation

from GoldSilver (w/ Mike Maloney):

https://www.youtube.com/watch?v=6DbaH3iVM3g

War on Americans

by Gary Christenson, Deviant Investor:

Wars benefit the political and financial elite. Most wars are on-going, whether they include formal Congressional declaration or military actions. The following wars will continue.

War on drugs.
War on poverty.
War on cash.
War on reality based statistics.
War on savers.
War on students.
War on purchasing power.
War on pensions.
War on real money.
War on accountability and honest accounting.

US House Hearing: Crypto Presents a Challenge Beyond Hard and Fast Asset Classifications

by Marie Huillet, Coin Telegraph:

Witnesses before the U.S. House of Agriculture Committee at a public hearing July 18 were unanimous in their view that digital assets complicate the hard and fast distinctions of existing regulatory frameworks.

The hearing was chaired by Texas U.S. Representative Michael Conaway, who convened six eminent witnesses to give testimony — former Goldman Sachs partner and U.S. government regulator Gary Gensler, Andreessen Horowitz managing partner Scott Kupor, the CFTC’s Daniel Gorfine, law professor Joshua Fairfield, Clovyr CEO Amber Baldet, and Perkins Coie managing partner Lowell Ness.

Billionaire Druckenmiller: “Can we try capitalism? Real capitalism. Give it a chance”

by Simon Black, Sovereign Man:

Over the weekend I came across a recent speech given by hedge fund billionaire Stanley Druckenmiller that really lays out the pitiful state of free markets around the world.

Druckenmiller gave the speech a few months ago upon receiving the 2018 Alexander Hamilton award– which is given to a figure that best carries out the spirit of one of America’s Founding Fathers.

The Alexander Hamilton Institute promotes free markets, free trade and limited government.

US Money Supply and Fed Credit – the Liquidity Drain Becomes Serious

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by Pater Tenebrarum, Acting Man:

US Money Supply Growth Stalls

Our good friend Michael Pollaro, who keeps a close eye on global “Austrian” money supply measures and their components, has recently provided us with a very interesting update concerning two particular drivers of money supply growth. But first, here is a chart of our latest update of the y/y growth rate of the US broad true money supply aggregate TMS-2 until the end of June 2018 with a 12-month moving average.

Luxury doomsday bunkers selling for $2.3 million, complete with pool

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by Shepard Ambellas, Intellihub:

You can “ride out worldwide chaos” in your very own below ground doomsday bunker for the price tag of $2.3 million

(INTELLIHUB) — In the middle of nowhere in rural Kansas luxury doomsday bunkers are being sold to the elite.

A decommissioned nuclear silo reserved for the wealthy boasts 16,000 pound doors and is patrolled by armed security at all times.

To top it all off, live CCTV feeds of the surroundings are broadcasted into the subterranean condominium complex via TV screens which act as simulated windows to the real world one-hundred feet below the Earth’s surface.

Solutions without Historical Templates: Cryptocurrencies and Blockchains

by Charles Hugh Smith, Of Two Minds:

Crypto-blockchain technologies are leveraging the potential of computers and the web for direct political-social innovation.

We’re accustomed to three basic templates for system-wide solutions or improvements:

1. an individual “builds a better mousetrap” and starts a company to exploit this competitive advantage;

2. a company invents something that spawns a new industry (the photocopier, the web browser, for example) and/or disrupts existing business models;