Sunday, October 20, 2019

‘Countdown has begun’: Iran to exceed uranium stockpile limit set by nuclear deal in 10 days

from RT:

Tehran will increase uranium production beyond the limits set by the 2015 nuclear deal by June 27, a spokesperson for the nation’s atomic energy agency, Behrouz Kamalvandi, said on Monday.

Iran has “already increased” uranium production at a nuclear research site in Natanz in the central Isfahan province, Kamalvandi told reporters at a heavy water nuclear complex in Arak.

From today, the countdown has begun, and by June 27, our uranium production will have surpassed 300kg

The Italian Job – Precious Metals Supply and Demand

by Pater Tenebrarum, Acting Man:

Lira Comeback?

The price of gold jumped 35 bucks last week, and that of silver 48 cents. The dollar is now down to 23 milligrams of gold.

Keith is on the road this week, so we will just comment on one thing. If Italy is serious about moving back to the lira, that will make the euro less sound (to say nothing of the lira). That will drive people mostly to the dollar, but also to gold.

THE FED’S CAPITULATION: WHAT IT MEANS FOR GOLD INVESTORS

by Claudio Grass, Claudio Grass:

“Perhaps they think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.” – Ludwig von Mises, Nation, State, and Economy

After the Federal Reserve’s monetary policy U-turn earlier this year and the central bank’s decision to cut interest rates for the first time in a decade, mainstream investors and analysts believe that holding rates lower and for longer will help keep stock markets afloat and the economic expansion alive. However, given the actual state of the economy, the fundamentals of most leading US companies, the unprecedented debt burden and spiking geopolitical risks, it is clear that these hopes are more akin to wishful thinking and that the Fed’s easing efforts can rather be described as “too little, too late”.

“Electromagnetic Attack” Sparks Massive Blackouts Across Venezuela

from ZeroHedge:

Widespread power blackouts were first reported on Monday evening across 15 Venezuelan states and Caracas, as per a report from Reuters Caracas newsroom.

Venezuelan information minister Jorge Rodrigues said an “electromagnetic attack caused the nationwide blackout” and power companies along with government officials, are in the process of restoring the nation’s power grid.

Venezuela Vows Response if US Takes Military Action

from Sputnik News:

The comments by the Venezuelan foreign minister come shortly after opposition leader Juan Guaido confirmed that he is considering the possibility of international intervention after being asked if he would welcome a US military option to break the months-long political impasse.

Venezuela’s Foreign Minister Jorge Arreaza stressed on Monday that Caracas prefers diplomacy to solve the ongoing political crisis, but is ready for any scenario, and will retaliate if the United States chooses to take military action against the government of President Nicolas Maduro.

QUEUE JUMPING CONTINUES UNABATED AT THE GOLD AND SILVER COMEX

by Harvey Organ, Harvey Organ Blog:

GOLD UP $4.00 TO $1284.60//SILVER IS DOWN 9 CENTS TO $14.77/SILVER IS STILL 7 CENTS BACKWARD IN LONDON//USA THREATENS ALLY UK IF THEY USE HUAWEI PRODUCTS//TURKEY IS SEVERE TROUBLE AS INTEREST RATES RISE TO 25.5% AND THE LIRA TUMBLES TO 6.23 TO THE DOLLAR//SOME GOOD SWAMP STORIES FOR YOU TONIGHT

GOLD: $1284.60  UP $4.00 (COMEX TO COMEX CLOSING)

Silver:  $14.77 DOWN 9 CENTS  (COMEX TO COMEX CLOSING)

Trump States He Will Be Meeting with Presidents Xi and Putin; In the Meantime, Many Dangers

by Harley Schlanger, LaRouche PAC:

Yesterday President Donald Trump stated, “I will be meeting with President Xi. I will be meeting with President Putin also.” Implying that the occasion will be the June G20 meeting in Japan, Trump made this emphatic announcement at a joint press conference this afternoon with his guest, Hungarian Prime Minister Victor Orban, at which occasion Trump was hit with raucous questions from the reporters, most all focussed on the fraught situations of U.S. tariffs with China, and confrontation with Iran.

Sweden: Bombings and Explosions Up 45 Percent in 2019

by Chris Tomlinson, Breitbart:

Swedish police say that the number of explosive incidents and bombings in Sweden from January to July has increased 45 percent compared to the same period in 2018.

Statistics released by the police show that Sweden saw a total of 83 explosive incidents during the period from January to July, a number that has increased to 120 this year, Swedish newspaper Dagens Nyheter reports.

Pentagon takes over G20, will push for Middle East peace and world federation

by Benjamin Fulford, Benjamin Fulford:

Now that a peace deal has been reached in principle in the Korean Peninsula, the U.S. military, which just took over presidency of the G20, is going to push for a real Middle East peace deal, Pentagon sources say.  Peace is also breaking out in other trouble spots like the Ukraine and the India/Pakistan border.  All this is happening as the U.S. and China call a truce in their trade war and start negotiations to form what is, as the Chinese government puts it, “a new model for global cooperation.”
http://www.xinhuanet.com/english/2019-06/30/c_138186688.htm

SILVER ADVANCES 12 CENTS AS THE BANKERS ARE VERY NERVOUS OF A BANKING DEFAULT IN SILVER

by Harvey Organ, Harvey Organ Blog:

CHINA DEVALUES WHICH SENDS THE DOLLAR YUAN EXCHANGE PAST 7:1 AND THAT WILL SEND A TSUNAMI OF DEFLATION THROUGHOUT THE GLOBE//GOLD RISES $18.85 TO $1465.55//SILVER ADVANCES 12 CENTS AS THE BANKERS ARE VERY NERVOUS OF A BANKING DEFAULT IN SILVER// AND FOR MATTER IN GOLD AS WELL//A MASSIVE 20,436 EFP CONTRACTS WERE ISSUED BY THE BANKERS IN GOLD IN A DESPERATE ATTEMPT TO CONTAIN THE PRICE//MASSIVE PROTESTS IN HONG ON SAT, SUN AND TODAY//IRAN INTERCEPTS ANOTHER OIL VESSEL//THE USA LOOKS LIKE THEY ARE GOING TO HAVE A NAVAL BLOCKADE ON VENEZUELA//INDIA NO LONGER ACCEPTS THE 72 YEAR AGREEMENT OF KASHMIR AND IT LOOKS LIKE THEY ARE GOING TO INVADE//THIS COULD BE A FULL SCALE WAR WITH PAKISTAN//TWO MAJOR SHOOTINGS IN THE USA OVER THE WEEKEND//MORE SWAMP STORIES FOR YOU TONIGHT

Truth or Consequences in the Russian Arctic

by Jim Dean, New Eastern Outlook:

The story of the Russian Arctic development has taken a back seat to the major geopolitical stories that grab the news headlines and are more suitable to one-sentence Twitter discussions. The Artic is not. It is a cold mystery wrapped in a freezing enigma.

Yes I know that is an old line, but it fits. While the potential riches of the Arctic have been extensively written about, so have the unknowns of what the long term costs and future problems could be.

One of the biggest concerns is that while global warming will open up the sea lanes for more traffic through the Northern Sea Route (NSC), the melting of the permafrost could create a nightmare in maintaining infrastructure; and the earth is literally moving beneath it.