Sunday, September 22, 2019

Jeff Berwick – Economic System Collapse Inevitable

by Kerry Lutz, Financial Survival Network:

According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell’s novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they’re completely free, when in reality the opposite is becoming more true by the day. Jeff’s prescription is anarcho-capitalism, free trade in the absence of any government. Whether it’s workable or not is anyone’s guess. Regardless, Jeff believes that you need cryptos and gold to help weather the coming storm. Along with a positive mental attitude, because eventually things will get better.

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WE ARE HEADING FOR A PERMANENT POMO (QE4)

by Harvey Organ, Harvey Organ Blog:

GOLD SKYROCKETS AFTER A CHINESE DELEGATION RETURNS HOME//GOLD UP $8.60 TO $1507.60 COMEX TO COMEX AND ANOTHER 9 DOLLARS IN THE ACCESS MARKET//SILVER UP 3 CENTS COMEX TO COMEX AND ANOTHER 17 CENTS IN THE ACCESS MARKET//CONTINUED SILVER QUEUE JUMPING// TRUMP SANCTIONS THE CENTRAL BANK OF IRAN//JPMORGAN’S NOWAK REMOVED FROM BOARD OF DIRECTORS OF LBMA//FED ANNOUNCES A 4TH REPO DAILY OPERATION AS WELL AS A TERM REPO: WE ARE HEADING FOR A PERMANENT POMO (QE4)

Market Report: The importance of $1500 for gold

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by Alasdair Macleod, GoldMoney:

After the sharp falls seen at the end of last week, gold and silver consolidated in a narrow range, other than yesterday when the ECB announced a 10 bp cut in its deposit rate to minus 0.5%. Gold’s trading range before and after the announcement was $25, while that of silver was 47 cents. Otherwise trading ranges were remarkably tight. By early morning trade in Europe this morning (Friday), gold was down a net $1 at $1506 and silver down two cents at $18.16.

JP Morgan tries to blame decade’s old Bear Stearns acquisition for gold manipulation that goes all the way to the LBMA

by Kenneth Schortgen, Shotgun Economics:

With JP Morgan having been fined more than a dozen times over the past decade for fraudulently rigging the Forex, Libor, and Mortgage interest rate markets, it should not be surprising that they have finally been outed for what most in the gold community suspected… rigging of that market as well.

China’s Golden Corridor – Gold Reserves and Negative Yield

by Marin Katusa, International Man:

Earlier this year, gold prices hit all-time highs in most major currencies.

The British Pound… the Canadian Dollar… the Australian Dollar… the Indian Rupee… the Japanese Yen… the Chinese Yuan… the South African Rand… and more.

It also broke above $1,500 in dollar terms. The highest it’s been in 6 years.

This shouldn’t come as a total surprise…a trade war between global economic powers, global debt spiraling out of control…

Hey MSM Propagandists: Overstock’s Ex-CEO Didn’t Just Dump His 5 Million Shares To Buy “Gold”, He Also Specifically Names “Silver”

from Silver Doctors:

Unnamed cryptos get the nod, but silver, as usual, gets the sh…ahh, nevermind. Here are the details of this MSM gold hit piece in disguise…

This story is gaining some traction in the mainstream today.

Let’s look at the story as covered by Bloomberg:

‘Spoofing’ Isn’t the Biggest Manipulation Going On, but These Prosecutions Are a Start

by Chris Powell, Money Metals:

Delighted as we all may be with this week’s news – the new indictments of JPMorganChase employees involved with the gold market, the U.S. Justice Department’s designation of the investment bank as a criminal enterprise, and the prospects of more indictments – we have to admit a couple of things about the situation.

First, the market manipulation of which the bank’s employees and supervisors stand accused – rigging prices largely by “spoofing” other traders – is not the sort of manipulation the Gold Anti-Trust Action Committee (GATA) long has complained about.

Serious Inroads, But Still Unfinished Business – Ted Butler

by Theodore Butler, Silver Seek:

By now, it would have been hard not to have read about the Justice Department’s landmark criminal indictments against three additional precious metals traders from JPMorgan. Two of the traders charged are current employees and include the head of global metals trading. The charges involve spoofing and market manipulation that extend back for nearly a decade. In a very serious turn, the Justice Department invoked the Racketeering and Corrupt Organization Act (RICO) and referred to the pattern of wrongdoing at JPMorgan as that of a criminal enterprise. I am grateful that the new charges validate virtually everything I have alleged about JPMorgan for more than ten years to the point where a subscriber quipped that the DOJ was plagiarizing my work.