Monday, August 10, 2020

Keiser Report: Central Bank Engineered Growth in Billionaire Class (E1246)

from RT:

In the second half, Max interviews Simon Dixon of about ICOs, equity tokens and the future of crypto regulations.

Guess which bank just froze my funds over a simple transfer


by Simon Black, Sovereign Man:

What I’m about to tell you is a true story that highlights just how pathetic the banking system has become.

A few months ago I was presented with a compelling opportunity to invest with a prominent, well-established private business based in the UK.

And, after extensive due diligence, I decided to make the investment… around $4 million.

Because this particular investment happened to be denominated in US dollars, though, the funds were routed through the United States via one of the major Wall Street banks.


by Egon Von Greyerz, Gold Switzerland:

Whilst the US government worries about the military threat of Russia, and the trade deficit with China, they show no concern for the real problems. To understand what is really happening, all we need to do is to Follow the Money. The flows of real money reveal where global economic power is moving.

The US has not had a real budget surplus for almost 60 years and has run balance of payment deficits every year since 1975. A country that lives above its means for over half a century is technically and economically bankrupt. Its debt should have zero value and so should its currency. But the US has skilfully avoided bankruptcy so far by having the reserve currency of the world and being the biggest military power.

The Bitcoin Puzzle

by Hugo Salinas Price, Plata:

What is a “crypto-currency”? What are Bitcoins and all the rest of the crypto-currency pack?

They are digits on computers, and nothing more. What is “a digit on a computer”? The definition would seem to run along the lines of “an electric charge in a computer memory”.

If the ownership of a crypto-currency digit on a computer, or more exactly, on  a “blockchain system” of computers, constituted a legal right to a thing that has objective existence, say 1 kilo of copper, or 1 ounce of silver, or 1 ounce of gold, or any other physically existing commodity in a legally constituted depository, then I would have no problem with such a “crypto-currency”. However, so far as I know,  none of the crypto-currencies carry with them any legal right to the ownership of anything tangible at all.

The increasingly insane Left wants to turn America into the next Venezuela, as first “communist” set for election win in New York City

by JD Heyes, Natural News:

She calls herself a “Democratic Socialist,” but in reality, 28-year-old Alexandria Ocasio-Cortez is a communist in disguise.

Worse, she just won a Democratic primary in New York City, unseating a 10-term Rep. Joe Crowley, who was being groomed, some say, to take over for House Minority Leader Nancy Pelosi, D-Calif.

In the only debate with she had with Crowley, she made it clear where she stands, politically.

“For 20 years our rents have been going up, health care has been getting more expensive and our incomes are staying the same,” she said, as reported by the New York Post.

The Yield Curve Is The Economy’s Canary In A Coal Mine


by Dave Kranzler, Investment Research Dynamics:

The economy has hit a wall and is now sliding down it. I don’t care what bullish propaganda may or may not be bubbling up in the headlines from the financial media and Wall Street, the hard numbers I look at everyday show accelerating economic weakness. The fact that my view is contrary to mainstream consensus and political propaganda reinforces my conviction that my view about the economy is correct.

As an example of the ongoing underlying systemic decay and collapse conveyed by this week’s title, it was announced that General Electric would be removed from the Dow Jones Industrial Average index and replaced by Walgreen’s. GE was an original member of the index starting in 1896 and was a continuous member since 1907.

Gold Prices Next Decade – Part Two of Two

by Chris Marcus, Miles Franklin:

The price of gold should be how high or low in the next five—ten years?

Fractional reserve banking, governments and central banks debase currency units every day. So, what will gold be worth in ten years?

Four years ago I wrote the book “Gold Value and Gold Prices From 1971 – 2021.” The book provided a calculation for an equilibrium value of gold based on three external variables.

Military Seizes Control Of Water Supplies As Venezuelan Infrastructure Collapses

from ZeroHedge:

If there’s one group that has benefited from Venezuela’s economic collapse, it’s the country’s military, which has been handed control over much of the country’s remaining industry as the collapse has intensified. Venezuela’s army, about 160,000 strong, controls the mineral-rich Arco Minero del Orinoco, and some of its top officers are also serving as executives of Venezuela’s state-run oil company.

And as the collapse of social services has caused water supplies to dwindle, the military has recently hijacked what spigots remain, transforming access to water into a luxury that most Venezuelans can’t afford. Many of the pipes and reservoirs have fallen into disarray – or seen their supplies drastically diminished – the military is stepping in to take charge of the “equitable distribution” of what little remains. As part of the government’s socialist policy program, the cost of water is supposed to be subsidized – at least in theory. But with the state-owned water utility, known as Hidrocapital, has effectively abdicated its responsibilities, the military is increasingly stepping in, commandeering trucks and vans used by private individuals who have tried to step in and service parts of the capital, according to a Bloomberg report.

Here’s What Else Isn’t Normal: The Stock Market


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

There’s an old maxim on Wall Street that says “the trend is your friend.” It’s sort of like Newton’s first law of motion, frequently expressed as “An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.” Today, there is an unusually “unbalanced” factor weighing on everything we previously took for granted about our democracy and our American values. Does it also have its fingers in the U.S. stock market?

Yesterday morning at 6:30 a.m. the Dow Jones Industrial Average e-mini futures contract was showing a loss 107 points. That loss continued to grow gradually. By 7:15 a.m. the futures were showing a loss of 122. But that trend turned out not to be your friend. By 8:14 a.m. the futures had turned on a dime and were up 39 points.