Saturday, October 19, 2019

New Satellite System Pinpoints Hidden Gold

by Chris Reilly, Casey Research:

After avoiding the cocaine fields and guerilla fighters, he finally made it to the rope bridge…

If it broke, he would’ve plunged into a river 130 feet below.

Luckily, he crossed it no problem.

It wasn’t the first time the “Indiana Jones of gold” risked his life…

Politics Drops Its Pretenses, Throwing Gasoline On The Fire

from Silver Doctors:

Can the increasing politicization of life in America be stopped, or even slowed?

by Jeff Deist via Mises

Can the increasing politicization of life in America be stopped, or even slowed?

To be sure, average Americans do not want this. Most people prefer not to lead overly political lives, beyond perhaps voting once in a while and grumbling about taxes or potholes. Most people prefer to focus on work, family, hobbies, sports, or a million other pursuits instead of politics. We watch the game instead of attending the Tuesday night city council meeting. But increasingly we all feel the pressure, drawing us inexorably into a highly-politicized world which demands we take binary “sides” on Trump, impeachment, abortion, guns, climate change, and far more. This politicization seeps into our jobs, family lives, neighborhoods places of worship, social interactions, and even our sports and entertainment.

Two Admitted Felons, UBS and Citigroup, Are Now Gaming Wall Street’s Private Justice System

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

Yesterday, the Public Investors Advocate Bar Association (PIABA) Foundation released a research study showing that Wall Street’s banks and brokerage firms are back to their old tricks again in gaming the private justice system that its crony self-regulator, FINRA, has carved out for the benefit of Wall Street to the detriment of Main Street.

PIABA previously exposed how FINRA, when it was called NASD, rigged the selection process for picking arbitrators so that the croniest ones kept getting selected. PIABA released this statement on July 20, 2000:

69 Percent Of U.S. Households “Are Preparing For A Possible Recession”

by Michael Snyder, The Economic Collapse Blog:

Do you believe that a recession is coming?  If so, you certainly have a lot of company.  It turns out that more than two-thirds of all U.S. households “are preparing for a possible recession” right now.  There is a growing national consensus that that U.S. economy is heading for big trouble, and this is causing a lot of people to cut back on spending.  In fact, we just witnessed the first drop in retail sales in seven months.  If this slowdown in retail spending extends into the holiday season, that could potentially be absolutely disastrous for the entire retail industry.  We are already in the midst of the worst “retail apocalypse” in U.S. history, and we are learning of more store closings with each passing day.  But of course it isn’t just the retail industry that is in very serious trouble, and I have some brand new numbers from a couple of other sectors that I will share with you below.

EXPECT MASSIVE HONG KONG PROTESTS THIS WEEKEND

by Harvey Organ, Harvey Organ Blog:

GOLD UP $10.25 TO $1490//SILVER UP 4 CENTS TO $17.42//A MASSIVE QUEUE JUMP AT THE GOLD COMEX OF APPROX 1 TONNE AS BANKERS SEARCH OUT BADLY NEEDED GOLD//QE4 BEGINS IN EARNEST AT THE FED AS DEMAND FOR DOLLARS WAS 400% OVERSUBSCRIBED//COLLATERAL RATE RISES TO 2.27% PUTTING THE DEALERS UNDERWATER WITH THE LATEST BILL PURCHASES//EXPECT MASSIVE HONG KONG PROTESTS THIS WEEKEND//TURKISH STATE OWNED HALKBANK CHARGED WITH VIOLATING SANCTIONS AND THIS COULD BE TROUBLE FOR THE LIRA

The IRS Admits it is Targeting the Poor Because it is “Easier and Cheaper” Than Auditing the Wealthy

by Jenny Jayne, The Organic Prepper:

The IRS has announced that it’s “too expensive” to audit the rich. Affluent taxpayers, the 1%, are too well protected from government intrusion. Their tax returns are complex and take more time and more experienced auditors to review them. The IRS then has to pay these more experienced auditors a higher price to audit those larger accounts. It’s become an expensive hassle for them. They encounter resistance from the teams that the affluent have behind them to defend them from the IRS. So, what is their solution?

Are Americans Close to Maxing Out Their Credit Cards?

by Peter Schiff, Schiff Gold:

Consumers continued to pile on debt in August, according to the latest data released by the Federal Reserve. But credit card debt fell slightly, raising a troubling question: are consumers close to maxing out the plastic?

Total consumer credit grew by another $17.9 billion in August. That represents an annualized increase of 5.2% and pushes total consumer indebtedness to a new record of $4.14 trillion (seasonally adjusted).

The Fed consumer debt figures include credit card debt, student loans and auto loans, but do not factor in mortgage debt.