Saturday, July 11, 2020

How To Recognize When Your Society Is Suffering A Dramatic Decline

by Brandon Smith, Alt Market:

When historians and analysts look at the factors surrounding the collapse of a society, they often focus on the larger events and indicators — the moments of infamy. However, I think it’s important to consider the reality that large scale societal decline is built upon a mixture of elements, prominent as well as small. Collapse is a process, not a singular event. It happens over time, not overnight. It is a spectrum of moments and terrible choices, set in motion in most cases by people in positions of power, but helped along by useful idiots among the masses. The decline of a nation or civilization requires the complicity of a host of saboteurs.

So, instead of focusing on the top down approach, which is rather common, let’s start from the foundations of our culture to better understand why there is clear and definable destabilization.

The Federal Reserve Un-Discussed Structure

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by Martin Armstrong, Armstrong Economics:

COMMENT: Your 4-2-18 FEDERAL RESERVE VS CONGRESS Blog should be framed & sent to every talk show host and politician in the country. It really puts everything in perspective.
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REPLY: What I find most astonishing is that to write that article, all you have to do is a little investigation. Nobody bothers to question anything. That is the most shocking thing I have encountered. So often I get responses like how come I am the only one saying this? Some people think this is just sophistry or made up. I cannot explain why investigative journalists never dare to actually investigate. All I can assume is that some have tried, but their editors will not allow such articles to be published. It is truly mind-numbing.

The Empire Strikes Back, Part 2: India Pulls The Plug On Cryptos

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by John Rubino, Dollar Collapse:

As bitcoin and its thousand or so cousins evolve from novelty to threat, the existing monetary system is reacting pretty much as evil empires tend to, with coercion and co-optation. This week it’s India:

India cracks down on bitcoin and hints it may launch its own digital currency
The Reserve Bank of India (RBI) has initiated a crackdown on cryptocurrencies such as bitcoin, even as it considers a proposal for issuing its own digital currency.

“It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time. A circular in this regard is being issued separately,” the RBI said in a statement.

Silver Bullion: Should We Be Worried About Silver?

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by Mark O’Byrne, Silver Seek:

– Bloomberg’s Mike McGlone silver “set to test the $18 an ounce resistance level”
– LBMA report: volume of silver ounces transferred in February fell by 24%
– Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver
– Gold/silver ratio at near two-year high on silver’s underperformance
– Silver COT reports remain more bullish than at any time in history
– Silver expected to outperform gold as macro and industrial factors begin to drive price

Why A Dollar Collapse Is Inevitable

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by Alasdair Macleod, GoldMoney:

“Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon between countries, in particular those on which there devolves special responsibility by virtue of their economic and financial capabilities.”

General Charles de Gaulle, February 1965

We have been here before – twice. The first time was in the late 1920s, which led to the dollar’s devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.

Trade Is a Matter of Survival for China

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by Jim Rickards, Daily Reckoning:

Many investors are familiar with the fact that President Franklin Roosevelt closed all of the banks in America and confiscated all of the privately-owned gold by executive order in the early days of his administration, which began in 1933.

Presidents since then have seized assets from countries such as Iran, Syria, North Korea and Cuba and imposed sanctions on Russia and many other countries by executive order.

Yet, relatively few are familiar with the statutory authority for these orders.

The president does not need an act of Congress to support such extreme actions. The laws have already been passed and the president has standing authority to act like a dictator with regard to financial assets.

Mueller was set to deliver highly enriched uranium to the Russians in 2009, under Hillary Clinton’s orders

by Shepard Ambellas, Intellihub:

Clinton-Mueller Russian uranium ties surfaced in Wikileaks release

Former Secretary of State Hillary Clinton facilitated the transfer a highly enriched uranium (HEU) previously confiscated by the U.S. Department of Energy (DOE) during a 2006 “nuclear smuggling sting operation involving one Russian national and several Georgian accomplices,” a newly leaked classified cable shows.

So-called “background” information was provided in the cable which gave vague details on a 2006 nuclear smuggling sting operation in which the U.S. government took possession of some HEU previously owned by the Russians.

World’s Most Wanted Bank Whistleblower Was Just Arrested, for the Worst Possible Reason

by Wolf Richter, Wolf Street:

For a prisoner exchange between Switzerland and Spain?

Hervé Falciani, the French-Italian former HSBC employee who blew the whistle on HSBC and 130,000 global tax evaders in 2008, has been arrested in Madrid on Tuesday in response to an arrest warrant issued by Switzerland for breaking the country’s bank secrecy laws.

He lives in France, which rarely extradites its own citizens. But when Spanish authorities learned that he was in town to speak at a conference ominously titled, “When Telling the Truth is Heroic,” they made their move. If he is extradited to Switzerland he could face up to five years in prison.