Tuesday, April 30, 2024

The Value of Diamonds Sinks as Gold Stays Strong

by Peter Schiff, Schiff Gold:

Valentine’s Day is here and you might find yourself buying (or wishing you had remembered to buy) a Valentine’s Day present. A classic romantic present involves gold, diamonds, and sometimes both. And both diamonds and gold seem at first blush to have a lot in common.

Both are or at least can be beautiful. Diamonds are one of the shiniest gemstones (high refractive index if you’re science-minded) and can be perfectly clear or come in a wide range of colors. Gold is of course famously appealing to look at. Both diamonds and gold convey luxury and wealth, and both are regularly used to make luxury products such as rings, bracelets, watches, and earrings. 

A Busy Week for Gold

by Craig Hemke, Sprott Money:

As January ends and February begins, the calendar has suddenly gotten very busy in terms of news events that will impact the COMEX gold price. Whether that impact will be positive or negative remains to be seen.

Let’s start with the economic news pending for Tuesday. The monthly JOLTS jobs data has long been a driver of intraday volatility for the precious metals, and when it’s released on Tuesday, you can be certain that prices will once again be “jolted”. Why? This report measures trends in hiring and firing, and with the U.S. jobs market reportedly remaining “strong”, traders look to the JOLTS report for early warning signs in total employment.

You Should Rethink Flying United Airlines

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by Dennis Prager, Townhall:

2021, United Airlines released the following statement:

“Our flight deck should reflect the diverse group of people on board our planes every day. That’s why we plan for 50% of the 5,000 pilots we train in the next decade to be women or people of color.”

PASCAL NAJADI – THE WORLD MUST KNOW

from A_Warrior_Calls:

TRUTH LIVES on at https://sgtreport.tv/

Russia Discussing Integration of Payment Infrastructure With BRICS

from Sputnik News:

MOSCOW (Sputnik) – Russia is discussing with other BRICS countries the integration of national financial message transmission systems, and currently 159 foreign participants from 20 countries have already joined the Russian platform, Russian Central Bank Head Elvira Nabiullina told Sputnik.

The Fed Has a Dirty Little Secret: It’s Been Allowing the Wall Street Mega Banks to Calculate their Own Capital Requirements

by Pam Martens and Russ Martens, Wall St On Parade:

On July 27 of last year, the Vice Chair for Supervision at the Federal Reserve Board of Governors, Michael Barr, made the following statement as part of the proposed new capital requirements for mega banks in the U.S. – revealing the stunning news that the serially-charged mega banks on Wall Street have been allowed to use their own internal risk models to tell the Fed how much risk-weighted assets they have and, thus, how much capital they need to hold. Barr stated:

AFTER THE COLLAPSE: Here’s how we can build a better, NEW AMERICA

from Health Ranger Report:

TRUTH LIVES on at https://sgtreport.tv/

The Fed to Force Healthy Banks Into a Sinking Lifeboat

by Peter Schiff, Schiff Gold:

Federal regulators are plotting a course that could see America’s sturdiest banks tied to a sinking lifeboat. This plan, designed to compel banks to use the Federal Reserve’s discount window, aims to normalize the act of reaching for this financial lifeline amidst turbulent seas.

The DOJ Quietly Prosecutes the Covid Resistance

from Brownstone:

Midwives in New York and plastic surgeons in Utah didn’t close schools, shutter businesses, or add trillions of dollars to the national debt, yet they are the primary targets of the Biden DOJ’s Covid prosecution.

Court documents reveal how the Department of Justice has dedicated hundreds of thousands of dollars in resources to prosecuting Americans who forged Covid vaccination statuses, according to a new report from David Zweig.

Banks Pulled 50% of ALL SHORTS on Silver… Something Big is Coming w/ Dr. Kirk Elliott

from Man in America:

TRUTH LIVES on at https://sgtreport.tv/

No Evidence? Biden Associate Testifies That Joe Biden Met with China Energy President

by Matt Margolis, PJ Media:

It’s beyond infuriating how the media keeps regurgitating the same tired narrative about Joe Biden’s corruption investigation and impeachment inquiry. They adamantly refuse to acknowledge the overwhelming evidence pointing to his corruption: sworn testimonies, bank records, emails, phone calls, videos, photos, text messages, and even White House visitor logs all paint a damning picture.

Summary of dangers for 2024

by Alasdair Macleod, GoldMoney:

This year is likely to see wealth destruction on a massive scale. The reason this is not widely anticipated in financial markets is due to a mistaken belief that interest rates are at their peak and will decline over the year. The reason interest rates will rise is due to the colossal mountain of government debt to be financed and the restriction of commercial bank credit for non-financial businesses, forcing borrowing rates up and guaranteeing an economic slump.