Thursday, July 18, 2019

GOLD REBOUNDS ON ITALIAN FEARS: GOLD RISES BY $5.30 TO $1298.50

by Harvey Organ, Harvey Organ Blog:

SILVER UP 10 CENTS TO $16.52/MEXICAN PESO PLUMMETS PAST THE 20 BARRIER TO 20.20 TO THE DOLLAR AS THEY IMPOSE TARIFFS ON IMPORTS OF PORK/BRAZILIAN REAL TUMBLES TO CLOSE TO THE 4 REALS TO THE DOLLAR AS THIS COUNTRY HAD A 7 WEEK TRUCKING STRIKE AND THEN A PETRO STRIKE/ INFLATION IS RUNNING RAMPANT IN BRAZIL/HUGE SWAMP STORY AS BILL PRIESTAP A WILLING WITNESS WILL CAUSE HEADACHES FOR OUR DEMOCRATS

Illinois Considering “Asset Transfers” To Pensions: Be Afraid

from ZeroHedge:

Submitted by Mark Glennon of Wirepoints

Governor JB Pritzker’s administration has now made clear it will seriously consider the latest idea to address Illinois’ pension crisis – transferring public assets directly to state pensions. It recently announced the formation of a task force on the subject.

At its core, the concept is exceptionally simple. In practice, however, it’s exceptionally subject to smoke and mirrors and would further obscure a pension system that’s already far too opaque. More importantly, asset transfers do nothing to improve the state’s overall fiscal health.

Mining Exec: We’ve Found All the Gold

by Peter Schiff, Schiff Gold:

The head of one of the world’s largest gold mining companies says we’ve found all the gold.

Ian Telfer serves as the chairman of Goldcorp Inc., a worldwide gold mining company based in Canada. During an interview with the Financial Post, he said the world has reached “peak gold,” meaning as we move into the future, mine production will decline steadily.

If I could give one sentence about the gold mining business … it’s that in my life, gold produced from mines has gone up pretty steadily for 40 years. Well, either this year it starts to go down, or next year it starts to go down, or it’s already going down. We’re right at peak gold here.”

097: Europe… what could possibly go wrong?

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by Simon Black, Sovereign Man:

It’s been a hell of a week here in the Italian countryside. I’ve been treating my team and some friends to a sort of mini-vacation at a 400-year old wine and olive estate that we’ve taken over.

The views, the food, the wine, the company… it’s all incredible. Each night about two dozen of us dine outside under a canopy of grape vines, and the conversations are so stimulating that the dinners often last for 7 or 8 hours.

Being in Italy, though, it’s hard to not notice the obvious deterioration of this beautiful country.

Click HERE to listen

Bizarro World: The Herd Has Truly Gone Mad

by Chris Martenson, Peak Prosperity:

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

~ Charles Mackay (1841)

Like me, you may often feel gobsmacked when looking at the world around you.

How did things get so screwed up?

The simple summary is: the world has gone mad.

It’s not the first time.