Sunday, August 18, 2019

MASSIVE RAID ON SILVER AND GOLD AT THE COMEX

CARMAGEDDON IN USA CAR INDUSTRY./4 STATES DO NOT HAVE THE REQUIRED BUDGET FOR 2018
from Harvey Organ:

In silver, the total open interest SURPRISINGLY ROSE BY 171 contract(s) UP to 201,056 DESPITE THE FALL IN PRICE OF SILVER THAT TOOK PLACE WITH FRIDAY’S TRADING (DOWN 2 CENT(S). AND THE CONSTANT TORMENT THESE PAST FEW WEEKS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0050 BILLION TO BE EXACT or 144{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 326 NOTICE(S) FOR 1,630,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY 7873 CONTRACTS DESPITE THE FALL IN THE PRICE OF GOLD ($3.50 with FRIDAY’S TRADING). The total gold OI stands at 460,557 contracts.

we had 30 notice(s) filed upon for 3000 oz of gold.

Read More @ Harveyorganblog.com

Prepare For Asset Price Declines Of 50-75{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}

by Steve St. Angelo, SRSRocco Report:
What we have is a totally propped-up market based upon debt. Energy isn’t producing positive growth, really. So instead of having real economic growth, we have inflated economic growth and inflated asset values.

When growth starts to decline, I think we’re going to see the valuations of assets decline considerably. It’s anyone’s guess how quickly they can fall, but according to what I have been looking at, I think we are going to see a 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decrease in real estate values right off the bat. I am not saying this will happen in a day, but the first wave will be a 30-50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decrease in real estate values when the markets really start to crack. They are already at the edge of the cliff — and I see prices falling down the cliff, struggling to recover, and then falling even further. Actually, I predict within the next 5-10 years, we can easily see a 75{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} or more reduction in real estate values.

Putin: We Protect Syria’s “Statehood” to Prevent it Becoming Like Libya

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by Steven MacMillan, New Eastern Outlook:
In an explosive interview with Megyn Kelly at the 21st St. Petersburg International Economic Forum, the Russian President, Vladimir Putin, systematically destroyed many of the narratives promulgated by the enemies of the Syrian state who seek to turn the country into the new Libya.

Although the panel discussion covered many issues and featured other speakers, one of the most crucial sections was when Kelly questioned Putin over the Syrian conflict. The opening exchange consisted of Kelly asking the Russian leader whether he believed Assad was an “evil guy?”, allowing Putin to articulate one of the central reasons why Russia supports the Syrian government. Putin emphasized that it is not Assad that Russia is protecting per se; instead, Russia is protecting “the Syrian statehood” from collapsing into an abyss of chaos similar to the one we have seen Libya descend into since 2011:

Attempt To Set Up New U.S. Bombing of #Syria with Deadly Consequences?

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by Harley Schlanger, Rogue Money:
July 2, 2017 (EIRNS)—On June 26, President Trump’s Press Secretary Sean Spicer announced that the President had evidence that Syrian President Bashar al-Assad’s forces were preparing for a “new” chemical weapons attack. President Trump responded that Assad would pay “a heavy price” if an attack were attempted.

Now the British press agency Reuters has circulated a claim late on July 1, that al-Assad government forces attacked rebels and/or civilians near Damascus with chlorine gas. This British claim has, as of July 2, not been more widely repeated in the media.

Jackass’ Red Glare Upon The Petrodollar

by Turd Ferguson, TF Metals Report:
For your holiday listening pleasure, Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.

Again, what is the “petrodollar”. The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

To create constant demand for dollars…dollars which were now completely unhinged from any gold backing…and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates…and thus the US debt service cost…unnaturally low.

Click HERE to Listen

Reserve Currency Issuer Plus Global Pariah = Historic Monetary Reset

by Andy Hoffman, Miles Franklin:
The gold Cartel will eventually collapse – just like all Cartels before it, like the London Gold Pool in 1968, before gold surged from $35/oz to nearly $900/oz a decade later. However, in the meantime, we must continue to fight a monetary battle to the death – which mathematically, must be won by sound money; as, per the immortal theme of Gresham’s Law, good money always chases out bad. Not to mention, Economics 101; as, per last week’s “Precious Metals’ ultimate downside protection,” the mining industry has been so decimated by two decades of price suppression, supply is guaranteed to plunge indefinitely. This, as the terminal, malignant phase of history’s largest, most destructive fiat Ponzi scheme causes global Central bank printing presses to be turned up to “ludicrous speed” (Spaceballs reference).

Silver and the Great Future of Mexico

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by Hugo Salinas Price, Plata:
Your Excellency, Ambassador Edward Malayan; Doctor Vladimir Shamakhov, Director of the Northwest Institute of Management of Russian Presidential Academy, members of the Honorable Diplomatic Corps here present, and esteemed audience:

I am greatly privileged to be with all of your today, here in the Embassy of the Russian Federation in Mexico.

My special thanks for His Excellency, Ambassador Edward Malayan, who has become a very special friend. I thank him for his interest in my ideas regarding a silver coin, and especially for his support for my two visits to his great country, in the course of which I was able to talk with personalities of the Russian Academy of Sciences, the Central Bank of Russia, and the University of Moscow, as well as with various intellectuals and monetary analysts in Moscow and St. Petersburg. Your Excellency, many thanks for your friendship and assistance!

US Won’t Leave Syria After ISIS State Defeated, Says Commander of US Forces in Syria, Iraq

from Russia Insider:
Commander of the US-led anti-ISIS coalition anticipates a lengthy occupation of Syria

The three-star US general in command of American forces in Syria and Iraq says the US will leaves Syria as soon as ISIS is defeated, but not really. Actually, they will stick around, because after the ISIS state is defeated there will still be ISIS guerrillas to deal with:

Gen. Townsend promoted a young officer to first lieutenant on Wednesday — and he acknowledged to CBS News that U.S. troops won’t be leaving Syria any time soon.

New Syrian Banknotes With Portrait of Assad Printed in Russia – Central Bank

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from Sputnik News:
New Syrian banknotes with the face of Syrian President Bashar Assad were printed in Russia in 2015, Duraid Durgham, the governor of the Syrian central bank, told Sputnik on Monday.

DAMASCUS (Sputnik) — On Sunday, Durgham announced the introduction of the 2,000-pound ($3.9) note featuring Assad, the first notes to depict the president since his inauguration 17 years ago.

“The 2,000-lira [another name for the Syrian pound] note was printed in Russia, just like other banknotes in several recent years, and has protective advantages limiting the possibility of currency counterfeiting,” Durgham said.

Fake News Outlet New York Times Forced to Retract ‘Russian Hacking’ Story

from Hang The Bankers:
The New York Times has finally admitted that one of the favorite Russia-gate canards – that all 17 U.S. intelligence agencies concurred on the assessment of Russian hacking of Democratic emails – is false.

On Thursday, the Times appended a correction to a June 25 article that had repeated the false claim, which has been used by Democrats and the mainstream media for months to brush aside any doubts about the foundation of the Russia-gate scandal and portray President Trump as delusional for doubting what all 17 intelligence agencies supposedly knew to be true.