Friday, August 7, 2020

GOLD HAS A HUGE DAY UP $16.60 AND SILVER SURPASSES THE KEY $17.25 MARK/FBI INFORMANT CAMPBELL WILL BE TESTIFYING BEFORE CONGRESS NEXT WEEK

by Harvey Organ, Harvey Organ Blog:

GOLD: $1295.10  UP $16.60

Silver: $17.33 UP 24 cents

Closing access prices:

Gold $1294.10

silver: $17.31`

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1290.19 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1282.60

PREMIUM FIRST FIX: $7.59

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SECOND SHANGHAI GOLD FIX: $1288.82

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.40

Premium of Shanghai 2nd fix/NY:$6.42

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LONDON FIRST GOLD FIX: 5:30 am est $1283.75

NY PRICING AT THE EXACT SAME TIME: $1283.60

LONDON SECOND GOLD FIX 10 AM: $1284.35

NY PRICING AT THE EXACT SAME TIME. 1285.50

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH:31 NOTICE(S) FOR 3100 OZ.

TOTAL NOTICES SO FAR: 1051 FOR 105,100 OZ (3.326TONNES)

For silver:

NOVEMBER

5 NOTICE(S) FILED TODAY FOR

25,000 OZ/

Total number of notices filed so far this month: 881 for 4,405,000 oz

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Bitcoin: BID $7846 OFFER /$7871 up $18.00 (MORNING)

BITCOIN : BID $7688 OFFER: $7713 // DOWN $140.00 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY A CONSIDERABLE  1745 contracts from 201,456 DOWN TO 199,711 EVEN THOUGH YESTERDAY’S TRADING SAW SILVER RISE  BY 11 CENTS.   WE DID HAVE MINIMAL LONG COMEX LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 865 DECEMBER EFP’S ISSUED ALONG WITH 62 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 927 CONTRACTS. THE ISSUANCE FOR MARCH BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH.  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AND THEY MUST EXPORT THEIR OBLIGATION TO LONDON. WE HAD 1312 EFP’S ISSUED YESTERDAY

RESULT: A SMALL SIZED FALL IN OI COMEX DESPITE THE 11 CENT PRICE RISE.  A SMALL NUMBER OF COMEX LONGS  EXITED OUT OF THE COMEX AND FROM THE CME DATA 927 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.998 BILLION TO BE EXACT or 144{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000 OZ OF SILVER

In gold, the open interest SURPRISINGLY FELL BY A HUGE 5,167 CONTRACTS DESPITE THE SMALL RISE IN PRICE OF GOLD ($0.90) WITH RESPECT TO YESTERDAY’S TRADING. WE HAD A SMALL AMOUNT OF COMEX LONGS EXIT THE ARENA.  HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED A CONSIDERABLE: 4,394 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 4,394 CONTRACTS AND FEB SAW THE ISSUANCE OF 0 CONTRACTS. The new OI for the gold complex rests at 531,000. DEMAND FOR GOLD INTENSIFIES DESPITE THE RAIDS.

Result: A HUGE SIZED DECREASE IN OI DESPITE THE SMALL RISE IN PRICE IN GOLD ON YESTERDAY ($0.90). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (4,394 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE   HAD A TINY AMOUNT OF GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  31  notice(s) filed upon for 3100 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

No change in gold inventory at the GLD/

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver UNEXPECTEDLY FELL BY 1745 contracts from 201,456 DOWN  TO 199,711 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE RISE IN SILVER PRICE (A GAIN OF 11 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 865  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 62 EFP’S FOR MARCH FOR A TOTAL OF 927 EFP CONTRACTS.  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO  A SMALL AMOUNT OF SILVER COMEX LIQUIDATION.

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 11 CENT GAIN IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 927 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH A TINY AMOUNT OF  SILVER COMEX LIQUIDATION.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late THURSDAY night/FRIDAY morning: Shanghai closed DOWN 16.34 points or .48{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 180.28 pts or 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 45.68 POINTS OR 0.20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.24{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN at 6.6330/Oil UP to 56.12 dollars per barrel for WTI and 62.10 for Brent. Stocks in Europe OPENED GREEN EXCEPT SPAIN  . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6330. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6405 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

Read More @ HarveyOrganBlog.com

Staying Safe Online: Five Cyber Safety Tips Every Parent Should Teach Their Kids

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by Tess Pennington, Ready Nutrition:

Years ago, when my kids were in elementary school, I let one of them play a kid’s game on my computer. Hours later, when I got back on the computer, I had a virus. This was our first of many discussions about cyber safety.

It’s safe to say that the internet is increasingly becoming more of an unsafe place thanks to new cyber threats coming out and child predators finding more sophisticated ways of accessing our children’s accounts. While this frightens parents, it doesn’t seem to stop children from wanting to get online to play games, hang out with friends, or research. Parents must stay ever vigilant in making sure children know the threats that are out there.

As a parent, I have explained the dangers on the internet and what they need to avoid, but is this enough? We say our “Stay Safe Online and Keep Away From Perverts” lecture and send them on their merry way? There is much more that we must explain to them!

Part of having the responsibility of being on the internet is using it safely. These tips are musts for ensuring your kids are staying safe online.

  1. What you put out into the internet stays there even if you delete it. It is important to understand this and avoid making off-hand comments, bullying statements to other kids, etc. What you put on the internet now will stay on the internet. That means your future boss could read it, your children’s children could read it, so be aware of this.
  2. Check your basic security to see what is showing up on search engines.Doing a simple Google search on your name, address, etc. to see if your personal information is protected is a great start in making sure your kids are staying safe. Moreover, teach them to keep this information off the internet. That means not adding this to social media accounts. To be clear, kids and teens should not post their email address, physical home address, phone numbers or any information that compromises the safety of the family.
  3. Use the strictest privacy settings for social media accounts. With 73{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of teens and 68{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of young adults on social media, it’s hard to avoid. You still have a say in where they “socialize” online, so be present when they are setting up their accounts to ensure their privacy is protected. As well, instruct them not to put personal information out there. For instance, a teen posts a message on Facebook indicating the family is leaving for the weekend and the house will be vacant. If the teen has posted their address at any time on their account, then they have painted a target on themselves and exposed that family to a possible break-in. Asking a trusted friend to see what personal information they can find on your social media accounts can also give you a different perspective and see what others are seeing on your account.
  4. Change your passwords. Keep your accounts safe from hacking by regularly changing the password. And no matter what you do, don’t use “password” or “12345” as your password. Make your password unpredictable using alphanumeric phrases. Here are some tips for creating an unhackable password.
  5. Check your computer regularly and search for viruses. Part of being on the internet is ensuring the computer you are using isn’t infected with virus software.

Read More @ ReadyNutrition.com

GOLD UP 90 CENTS ON THE DAY BUT SILVER, IS THE REAL STAR UP 11 CENTS TO $17.09

by Harvey Organ, Harvey Organ Blog:

IN ZIMBABWE ROBERT MUGABE REFUSES TO RESIGN/THE HOUSE PASSES THE TAX REFORM BILL AND NOW IT GOES TO THE SENATE

GOLD: $1278.50  up $0.90

Silver: $17.09 UP 11 cents

Closing access prices:

Gold $1278.60

silver: $17.08`

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1286.38 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1278.35

PREMIUM FIRST FIX: $8.03

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SECOND SHANGHAI GOLD FIX: $1287.39

NY GOLD PRICE AT THE EXACT SAME TIME: $1276.15

Premium of Shanghai 2nd fix/NY:$11.19

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LONDON FIRST GOLD FIX: 5:30 am est $1277.70

NY PRICING AT THE EXACT SAME TIME: $1277.70

LONDON SECOND GOLD FIX 10 AM: $1280.00

NY PRICING AT THE EXACT SAME TIME. 1280.00

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH:11 NOTICE(S) FOR 1100 OZ.

TOTAL NOTICES SO FAR: 1020 FOR 10,200 OZ (3.172TONNES)

For silver:

NOVEMBER

1 NOTICE(S) FILED TODAY FOR

5,000 OZ/

Total number of notices filed so far this month: 876 for 4,380,000 oz

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Bitcoin: BID $7452 OFFER /$7479 up $186.00 (MORNING)

BITCOIN : BID $7756 OFFER: $7781 // UP $490.00(CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A CONSIDERABLE  1557 contracts from 199,122 UP TO 201,456 EVEN THOUGH YESTERDAY’S TRADING SAW SILVER FALL  BY 10 CENTS.   WE DID HAVE ZERO LONG LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 1312 DECEMBER EFP’S ISSUED ALONG WITH 0 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1312 CONTRACTS. THE ISSUANCE FOR MARCH BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH.  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AND THEY MUST EXPORT THEIR OBLIGATION TO LONDON. YESTERDAY WE HAD 1050 TOTAL EFP’S ISSUED.

RESULT: A GOOD SIZED RISE IN OI COMEX DESPITE THE 10 CENT PRICE FALL. COMEX LONGS REFUSED TO EXIT OUT OF THE COMEX AND FROM THE CME DATA 1312 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER INTENSIFIES

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.007 BILLION TO BE EXACT or 144{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

In gold, the open interest ROSE BY A LARGER THAN EXPECTED 3244 CONTRACTS DESPITE THE FALL IN PRICE OF GOLD ($5.15) WITH RESPECT TO YESTERDAY’S TRADING IN WHICH WE SAW NO GOLD LEAVES FALL FROM THE COMEX GOLD TREE.  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED A MONSTROUS: 12,392 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 12,352 CONTRACTS AND FEB SAW THE ISSUANCE OF 40 CONTRACTS. The new OI for the gold complex rests at 536,298. DEMAND FOR GOLD INTENSIFIES DESPITE THE RAIDS.

Result: A HUGE SIZED INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ON YESTERDAY ($5.15). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (12,392 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE OBVIOUSLY  HAD NO GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  11  notice(s) filed upon for 1100 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

A small  change in gold inventory at the GLD/ a deposit of .300 tonnes

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver UNEXPECTEDLY ROSE BY 1557 contracts from 199,899 UP TO 201,456 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE FALL IN SILVER PRICE (A LOSS OF 10 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 1312  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 0 EFP’S FOR MARCH FOR A TOTAL OF 1050 EFP CONTRACTS  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO SILVER COMEX LIQUIDATION. TOTAL EFP’S ISSUED YESTERDAY BY THE CME IN SILVER TOTAL 1050 CONTRACTS. SO THIS FRAUD IS CONTINUING ON A DAILY BASIS

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 10 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 1312 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH NO  SILVER COMEX LIQUIDATION.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 3.27 points or .10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 167.07 pts or 0.58{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 322.80 POINTS OR 1.47{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.19{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN at 6.6320/Oil DOWN to 55.27 dollars per barrel for WTI and 61.62 for Brent. Stocks in Europe OPENED GREEN  . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6320. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.638 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS OT  VERY HAPPY TODAY

Read More @ HarveyOrganBlog:

You Can’t Possibly Be Serious

0

by Karl Denninger, Market Ticker:

Jesus, it’s that obvious and CNN ran this crap?

People need to go to ****ing prison for this.  NOW.

Yes, including Gloria Allred.  The yearbook is an obvious forgery and she peddled it on national television; that needs to be good for disbarment and prosecution.

The original tweet from CNN can still be looked at.  We’ll see how long it is before they try to take it down.  (Update: It appears one of Getty’s photographers shot the original photo; it’s been linked in the comments, and I checked it.  It’s pretty-clearly the image CNN used and it was also clearly shot in color as it includes portions of the people holding it in the picture….)

I took the image on the right side of their tweet, brought it into Photoshop and increased the size.

I will swear under oath that I did nothing to tamper with the color or tone and in fact did nothing other than increasing its zoom level to 400{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} because it would be impossible to tamper with the image at said greatly enhanced zoom level without causing visible artifacts in the background and periphery of the letters.  There is also a gradient in the paper caused by a B&W photo being in part of the area where the signature is, which again will cause visible artifacts if I were to try to tamper with it.  In other words I did this to add irrefutable proof that I did not in any way tamper with the image itself.  I also saved the extract from the tweet as a “PNG” which is lossless from my desktop to yours; no compression so there are no artifacts added in my process either; whatever CNN put forward, that’s what I (and you) have.

Those are clearly different inks for everything after the first name.

Was the original signature Roy or was it Ray?

Whatever it was, someone added “Moore DA”, the date and “Olde Hickory House” in a different ink color.

By the way, the claimant says that Moore knew she had a boyfriend “and offered to give her a ride home” when he assaulted her.  Was the boyfriend’s name RAY?

Read More @ Market-Ticker.org

THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS (PART TWO)

0

by Jim Quinn, The Burning Platform:

In Part 1 of this article I provided the background regarding the phases of Fourth Turnings and where we stand nine years into this period of crisis. I will now ponder what could happen during the remainder of this Fourth Turning.

“History offers no guarantees. Obviously, things could go horribly wrong – the possibilities ranging from a nuclear exchange to incurable plagues, from terrorist anarchy to high-tech dictatorship. We should not assume that Providence will always exempt our nation from the irreversible tragedies that have overtaken so many others: not just temporary hardship, but debasement and total ruin. Losing in the next Fourth Turning could mean something incomparably worse. It could mean a lasting defeat from which our national innocence – perhaps even our nation – might never recover.” – Strauss & Howe – The Fourth Turning

The most important point to comprehend is the death of the existing social order always occurs during the course of a Fourth Turning. Thus far, those constituting the Deep State hierarchy have fended off their demise. They are utilizing every tool at their disposal to retain their wealth, power and control. As their mass media propaganda machine falters, they have redoubled their rigging of financial markets to promote a narrative of economic recovery, while further enriching themselves and their cronies.

It is clear they have reached the peak of financial manipulation, money printing, and artificial interest rate suppression. The narrative is faltering. Their last and final option to retain power is war. As their “everything bubble” (stocks, bonds, real estate) inevitably implodes, civil and/or global military conflict will be utilized to distract the populace from their Deep State domestic disasters.

 

 

The time for compromise is long past. There are no moderates left in the political spectrum. The mood of the country is clearly trending towards conflict. Trump, as the grey champion of this Fourth Turning, has proven to be a lightning rod of hate. He infuriates his political opponents, the left wing media, many in his own party, foreign leaders, billionaires and most worrisome to his well-being – the shadowy surveillance state intel operatives.

His own FBI and CIA have been subverting his presidency and attempting to initiate his impeachment or as a last resort – coup. After running a campaign championing a reduction in foreign military intervention in the Middle East, reducing commitments to NATO and increasing cooperation with Russia, it appears Trump has been taken into a room and told the military industrial complex calls the shots. Trump has clearly made a self-preservation decision to avoid being JFK’d.

The possibility of global catastrophe is not taken seriously by the vast majority of Americans. It’s been over seventy years since the last global conflict and most of the people who experienced the horror are dead. We’ve forgotten the past and are condemned to relive it, just as we do every eighty or so years. The lack of volatility in financial markets portends drastic levels of volatility as the perception markets can’t fall has lured Wall Street 30 something MBAs and the investor class into a sense of invincibility.

Geopolitical tensions have been rising dramatically over the last few years, with religious extremism, oil, petro-dollar, historical rivalries and nationalism driving the world towards conflict. These extreme economic and geopolitical stresses are coinciding along the same timeline and will erupt simultaneously, catalyzing the climactic half of this Fourth Turning.

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

With the House of Saud descending into madness as religious zealots, kings, princes, and foreign infiltrators vie for control of their depleting oil riches, and tens of billions in high tech weaponry provided by American arms dealers, a Middle East conflagration is a certainty. Iran has been winning the proxy wars in Syria, Iraq, and Yemen. Saudi Arabia and Israel are determined to stop Iran’s expansion at any cost.

Mixing religious extremism, oil riches, gas pipelines, opium, egotistical dictators, nuclear bombs, hatred and territorial ambitions into the deepening militaristic global mood change is destined to spark a chain reaction of unintended consequences and unyielding responses. The next Middle East war will not be a proxy war. It will be a fight to the death.

You need a scorecard to figure out the alliances, opponents and wildcards. Iran appears to be aligned with Iraq, Qatar, Syria, Hezbollah, Yemen, and Russia. Saudi Arabia appears to be aligned with Israel, UAE, and the United States. Various factions, who include Turkey, ISIS, Al Qaeda, and the Kurds, are fighting one or more of these parties. In many cases the enemy of my enemy is my friend applies.

Peace and compromise are out of the question at this point. It’s just a matter of who pulls the trigger to kick off the fireworks. It looks like Saudi Arabia is willing to gamble everything on a final showdown with Iran. Once the shooting starts and the U.S. and Russia are sucked in, all bets are off on what happens next. Diplomacy will not be an option.

Read More @ TheBurningPlatform.com

Gold Part II

by Bob Rinear, The International Forecaster:

In history, many “things” have been labeled money. Shells, tree bark, stones, plants, etc. But all of them lost their attractiveness and people turned back to gold and silver. Will the crypto currencies likewise eventually be shunned for something more 3 dimensional like the metals again? Time will tell.

Over the weekend I was talking about how it’s my belief that Bitcoin was launched as an alternative to gold and silver. But, it was launched by the globalist elites, not some hermit Japanese guy who wanted to save humanity.

I was talking about how since Bitcoin was released, it’s been marketed as the “true” anti-money and how it is so convenient, anonymous, and wonderful. And, it has worked. Gold and Silver have done absolutely nothing for years, while Bitcoin hits a new high every week. Bravo.

I am NOT going to dive into our fearless new year predictions yet. We’ve still got some time for that. But it is my opinion that 2018 is going to bring us all manner of interesting situations. None of them will be particularly stable. Just for an example, it is no secret that a major shake up has taken place in Saudi Arabia. It is also no secret that the Saud’s have been a lot more chummy with China and Russia.

The ONLY thing that keeps the dollar as the Global Reserve currency is the “petro-dollar” deal that was set up in the early 70’s, to where the US promised to keep the House of Saud in power, and at the same time support them militarily. In return the Saud’s agreed to only sell oil in dollars.

Thus, if you’re the Joe-Blow country and you need oil, you first have to exchange Joe-Blow money for dollars and then use the dollars to buy the oil. This arrangement has kept a constant global demand for dollars for over 40 years. But, it’s creaking and groaning. The Saud’s know that their nation is deeply indebted, they know that American Shale players and Frackers have created competition and they know that China’s reserves are going to be completely depleted by the end of 2018. Consider this:

Nafeez Ahmed

A new scientific study led by the China University of Petroleum in Beijing, funded by the Chinese government, concludes that China is about to experience a peak in its total oil production as early as next year.

Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will undermine continuing economic growth and “challenge the sustainable development of Chinese society.”

This also has major implications for the prospect of a 2018 oil squeeze — as China scales its domestic oil peak, rising demand will impact world oil markets in a way most forecasters aren’t anticipating, contributing to a potential supply squeeze. That could happen in 2018 proper, or in the early years that follow.

So there’s a pretty good chance that the Saud’s are going to sell oil in exchange for Rubles and Yuans. If that plays out, the Dollars role is going to change dramatically. People will want out of it.

I suggested that until I see China and/or Russia moving to sell their gold holdings, I have to think that they know there’s a “value” there that they want more of. Russia and China have not only ‘not” sold any gold, they continue to buy about as much as they can.

Then we see anecdotal’s. What’s that? Well, things like Ray Dalio. Bridgewater is the world’s biggest hedge fund. Do you know what their 4th largest holding is now? It’s the GLD, which is the proxy stock for Gold. In fact, Bridgewater is now the 7th biggest holder of ALL the GLD stock.

Now, I don’t know Ray Dalio. But you don’t run the biggest hedge fund on earth by being stupid. So why did he go ahead in the 3rd quarter and buy up 100 million worth of Gold ETF’s? I tend to think that like me, he sees some rocky times coming in the not so distant future. Sure you can argue that he didn’t buy “real gold” as it physical metal, but at his level, buying 100 million worth of bullion would be a bit of a problem.

While you and I can buy all the little gold coins we want, at the Kilo-bar level, supply is very tight. Between India, Russia and China buying up all they can get, there’s huge premiums on bulk gold sales. Then of course you have the cost of “storage” in a secure vault. It is simply easier to deal with the ETF’s at his level.

But the point remains the same. The head of the biggest hedge fund on earth wants some pretty big exposure to gold. Yes that old relic that has done absolutely nothing for the last 6 years. Why is that? Again, I can only speculate, but it is my guess that a man with that kind of wealth under him, has “connections” around the globe that suggest to him that things could get rocky in the next year.

Again, I’m not ready to lay out our 2018 predictions, but I do tend to think that some pretty spectacular events could play out next year. Maybe Dalio thinks the same. Or maybe he just thinks that after 7 years of doing nothing it’s time for another leg higher? We don’t really know, but from what he’s said, he thinks the atmosphere is ripe for some market rattling events.

I’m not a big fan of the GLD. I’m more of a physical gold guy. You all know that. However, as long as the markets function, there is something to say about the ease of trading it. Likewise the miners. When gold is in fashion, the mining stocks do incredibly well. When they’re out of fashion as they have been lately, you’d be better off tossing your money in the gutter.

Right now the crypto currencies are the alternative of choice for a lot of people. But one does have to wonder about its staying power in the face of something truly ugly. For instance and NO I’m not predicting this, but let’s say a real shooting war breaks out in the Middle East and then something goes awry with North Korea. History tells us that in a situation like that, Gold and it’s stepchild silver tend to rise.

But what about Bitcoin? Will people still see the value in it during a time of heavy duress? We don’t know, it’s not been around long enough to live through such a thing. However I do feel confident that History would indeed repeat itself concerning the metals.

Money is a funny creature. Something, anything, only has value as a money because we agree to it. For instance gold has been thought of as money for 5000 years or more, yet you can’t eat it. It doesn’t shine your shoes, or plant your garden. It simply sits there and does nothing. Yet we “value” it because of it’s purity, rarity, inability to be produced out of thin air, etc. It also serves all the requirements of money such as utility, portability, durability, homogeneity, divisibility, malleability, Cognoscibility and stability of value.

In history, many “things” have been labeled money. Shells, tree bark, stones, plants, etc. But all of them lost their attractiveness and people turned back to gold and silver. Will the crypto currencies likewise eventually be shunned for something more 3 dimensional like the metals again? Time will tell. My guess is that yes it will. Do I say that because I’m some sort of “gold bug?” No. Not really. I say it because I’m cave man enough to continue to think that for something to have value, I should be able to touch it. Feel it. Hold it. Look at it. Weigh it.

Read More @ TheInternationalForecaster.com

Millennials: Read this

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by Simon Black, Sovereign Man:

Every year the Swiss banking giant Credit Suisse publishes a detailed report about Global Wealth.

And while drawing conclusions about ‘wealth’ (i.e. ‘net worth’) for the world’s 7.6 billion people is far from an exact science, the report routinely offers some interesting insights and trends.

This year’s report was just released this morning.

As an interesting finding, researchers noted that at the early part of this millennium, between 2000 and 2008, the wealth of the POOREST 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of people in the world actually climbed at a HIGHER rate than everyone else.

And over that same period, the share of global wealth owned by the top 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} actually declined.

Then the financial crisis broke out in 2008. And in the subsequent recovery from 2009 through today, wealth of the top 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} soared, leaving the bottom 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in the dust.

Now, don’t get me wrong– there’s absolutely nothing wrong with wealthy people becoming wealthier. It makes sense.

Think about it: Warren Buffett clearly has a greater level of financial sophistication than the Average Joe… so it stands to reason that Warren’s wealth will increase at a faster rate.

The issue (as we discussed in last week’s podcast on Class Warfare), is that the asset booms bubbles around the world that have driven stock prices higher over the last several years have disproportionately benefited people who were already wealthy.

So folks in the bottom 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} certainly have good reason to feel like the system is rigged against them. They feel stuck… with limited prospects for future growth.

I remember reading a recent article in the New York Times telling the tale of two janitors: one, who is currently a contract janitor for today’s most celebrated company– Apple.

The other was a janitor back in the early 1980s for one of that era’s most celebrated companies– Kodak.

The Kodak janitor in the 80s had access to opportunities and education that helped her rise through the ranks; within a decade, she was the company’s Chief Technology Officer.

Today’s Apple janitor sees her only possibility for advancement as becoming a supervisor of other janitors, a job that pays 50 cents per hour more.

Again- this is not a problem of wealth inequality. It’s a problem of mobility: people at the bottom don’t see any way of getting out.

From a generational basis, the issue is intensified for Millennials.

The Credit Suisse report has an entire chapter devoted to “the unlucky Millennials” who have been hit by rising debt and poorer job prospects.

And it’s true. Recent reports from the Treasury Department show that the US government owns nearly $1.5 trillion in student loans.

That’s pretty sad when you think about it: the US government’s #1 financial asset is debt owed by tens of millions of its young people for university education that didn’t even necessarily qualify them for a real career.

Millennials are the most educated generation in history. Yet there are record numbers of them working off student debts as waiters and bartenders, and supplementing their income on the side with ‘gigs’ (like being an Uber driver).

These are all perfectly good ways to generate some extra cash and pay the rent.

But they’re hardly long-term career prospects which afford opportunities to learn valuable skills and move up.

For Millennials who do have careers, they’re earning less (when adjusted for inflation) than Generation X or Boomers did at their age.

On top of all that, young people will spend their entire working lives paying into a pension system that likely won’t be there for them when it comes time to collect.

The Board of Trustees of Social Security tells us that the program is going to completely run out of money within the next 15 years. Millennials’ retirement horizon is far beyond that.

Overall the report paints a grim picture for the future prospects of young people.

But I have a far more upbeat view.

Young people have an incredible gift that previous generations never had.

Despite the ever-increasing cost of university tuition, access to extremely valuable information is incredibly cheap… in many cases free.

This means that learning important skills to help you build wealth and get ahead is easier and cheaper than ever before.

So is starting a business.

It’s possible to register a company online in minutes. To purchase and build a website in a few hours. To reach a worldwide network of suppliers without leaving your living room. To setup a store with the world’s largest online marketplaces with ease. To reach millions of targeted prospective customers in an instant.

None of this was ever possible before.

Read More @ SovereignMan.com

What Will Push Them Over the Edge?

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by Jeff Thomas, International Man:

Recently, the people of two of Italy’s most prosperous regions voted in a referendum, on whether they wished to have greater autonomy from Rome. The referendum is non-binding, but that’s not what’s most significant in the results.

What is significant is that over 95{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of those who voted in Lombardy did so in favour of greater autonomy. In Veneto, the number in favour of greater autonomy was even higher, at 98{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Roberto Maroni, president of Lombardy, said, “I now have a commitment… to go to Rome and give concrete actualization to the mandate that millions of Lombards have given me.”

It may appear on the surface that Mister Maroni intends to make an appeal for independence, but this is not what will occur. He’s a politician and won’t invite Rome to jail him for sedition. His goal will instead be to demand that a greater amount of the national income that’s generated by Lombardy and Veneto (about 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the total) remains within those regions.

This will not mean that he wants his people to be taxed less; his goal will be to retain a larger portion to be absorbed by the regional governments—to be in his own hands.

So much for the politicians’ agenda. But what does the referendum say about the people of the regions? Well, the extraordinarily high numbers in favour of greater self-determination demonstrate that virtually all the people in the regions have figured out that Rome is bilking them of their earnings and they’re getting pretty cheesed off.

In prosperous times, a population tends not to complain too much about being robbed through taxation. They grumble a bit, but tolerate it. However, in more stringent times, when people are finding it more difficult to make ends meet, they become more resentful of governments that are chronically both overreaching and wasteful.

Since 2008, we’ve been living in such a time, and the longer people go on without a true recovery, the more resentful they’re going to be.

Independence movements have been afoot in many countries in Europe, every state in the USA, and elsewhere on the globe, but, until recently, they’ve been minor issues, attracting primarily fringe support.

Brexit changed all that, as the people of one of the illustrious G7 countries voted to remove themselves from the parasitical EU.

This, of course, inspired the voters of “lesser” countries to consider the possibility of independence more seriously.

Some of these movements have been efforts by largely dependent entities such as Scotland to express the resentment of being the poor step-sister to a more prosperous central government, but others have been the result of the growing resentment that the province or region that’s producing the lion’s share of the national revenue is routinely having it siphoned off by the central government.

It’s predictable that any regional political leader will like the idea of independence, so that he can create his own country and become its president. However, in the present environment, we’re seeing the people of Lombardy, Veneto, Kurdish Iraq, and Catalonia voting overwhelmingly in favour of either full separation, or at least, greater autonomy.

Of course, this can’t be tolerated by the central governments, as it means that they’ll be losing all that revenue and, in many cases, this would collapse their economy.

But, at present, we’re looking at only the thin end of the wedge. There are countless other provinces and regions out there that have a similar desire to secede, and justifiably so.

After all, much of Europe, until the last century or so, was not made up of large countries. It was made up of lots of little tribal areas that sometimes worked collectively. Even the Roman Empire began as a collection of provinces.

Whilst we, today, are accustomed to a world map that’s remained largely the same throughout our lifetimes, there’s actually nothing sacred in the borders that were drawn on maps decades ago, often by people who had never been to those locales (in the case of former colonies and conquered areas). The smaller, tribal areas made more sense and actually worked more in favour of the inhabitants.

Read More @ InternationalMan.com