Thursday, August 13, 2020

Screameth The Bureau of Lies and Scams

by Karl Denninger, Market Ticker:

Hmmmmm.

Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade.

Do you believe that?  Well, let’s have a look inside to see what the unadjusted household numbers say.

The SIX dumbest and most absurd stories of 2018

by Simon Black, Sovereign Man:

Every week we send out an alert to our premium subscribers highlighting important news that often goes overlooked…

We scour through recent court cases, laws moving through congress, whispers in the government and various, international news sites to find the latest things happening that could infringe upon your freedom… or that just make us laugh and cringe due to the never-ending stupidity of governments around the world.

If we had to pick one, dominant trend for 2018, it would be the rise of the “snowflake.”

Keith Weiner: Uncle Sam’s Debt-Money System Is Immoral, Tantamount to Theft

by Clint Siegner, Money Metals:

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up we’ll hear a truly fascinating interview with Keith Weiner of Monetary Metals and the Gold Standard Institute.

Keith tells the story about a large cash sale he had a decade ago, how incredibly uncomfortable it made him to have such a big cash position and how it ultimately led him to begin thinking about and pursuing a new gold standard as a solution to our nation’s monetary problems. He also lays out a compelling case about why the dollar, or Federal Reserve Note, is deeply immoral. Don’t miss a wonderful interview with Keith Weiner, coming up after this week’s market update.

click HERE to listen

Preparation is Vital. 2019 is Destined for Chaos – Nathan McDonald (04/01/2019)

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by Nathan McDonald, Sprott Money:

As you make your New Year’s resolutions, make sure you allot room for some much needed protection as we head into 2019 and beyond.

It may not be the rosy picture many of you were hoping for, but sadly, 2019 appears to be destined for increased chaos, turmoil and outright confusion.

The chief driver of this will undoubtedly be the current disheveled state of affairs we are seeing unfold in the United States.

Fed’s Balance Sheet Reduction Reaches $402 Billion

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by Wolf Richter, Wolf Street:

The QE unwind has started to rattle some nerves.

For the past two months, the sound of wailing and gnashing of teeth about the Fed’s QE unwind has been deafening. The Fed started the QE unwind in October 2017. As I covered it on a monthly basis, my ruminations on how it would unwind part of the asset-price inflation and Bernanke’s “wealth effect” that had resulted from QE were frequently pooh-poohed. They said that the truly glacial pace of the QE unwind was too slow to make any difference; that QE had just been a “book-keeping entry,” and that therefore the QE unwind would also be just a book-keeping entry; that QE had never caused any kind of asset price inflation in the first place, and that therefore the QE unwind would not reverse that asset-price inflation, or whatever.

A Metaphor For America: 700 Pound Man Plans To Eat And Play Video Games While Naked Until He Dies

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by Michael Snyder, The Economic Collapse Blog:

34-year-old Casey King is so obese that he can’t work, he has to bathe outside in a trough like a pig, and he has to rely on his father to constantly take care of him.  He now weighs more than 700 pounds, but he just keeps on eating massive amounts of unhealthy food.  Just like America as a whole, he has absolutely no self-discipline and absolutely no desire to turn his life around.  On some level he understands that he is literally killing himself with his destructive behavior, but he does not have a desire to change.  Instead, he told TLC that he “will just eat until I am dead”