Sunday, August 18, 2019

Sentiment Naturally Changes With Each Skirmish, As The Financial War Proceeds

by argentus maximus, TF Metals Report:
I listened to Craig in his pretty unique podcast of this Independence Day weekend, ( TFMR Podcast – Friday, June 30 ) and I totally appreciate his honesty and candour, and value that. Not many business owners have the chutzpah to openly discuss their difficulties with clients. It indicates humanity, honesty, ability to talk about difficulties and what is being done about them, during the process. And trust in their clients, which can only be built up incrementally over time. Weaker individuals wait until afterwards before saying anything that might show less than an invincible public image, if they ever dare say it.

I think that Turd isn’t doing anything “wrong” when a decline of subscribers becomes visible, though I am sure a lot of soul searching goes into it, because business is important.Seafarers have to sail through storms to get to the other side, that’s all. Unfortunately this is simply the bear grinding out the bullish element to incentivise the move of assets away from weaker individuals and over into the “right hands”. After the property is owned by “the right pockets” it will rise in price. It has always been so since capital could be used in a weaponized way, which was of course the end of capitalism there and then … a longer time ago, I believe, than many people think.

Stocks and Precious Metals Charts

from Jesse’s Café Américain:
“To escape the pain caused by regret for the past or fear about the future, this is the rule to follow: leave the past to the infinite mercy of God, the future to His good Providence, and give the present wholly to His love by being faithful to His grace.”

Jean-Pierre de Caussade, Abandonment to Divine Providence

“Man has places in his heart which do not yet exist, and into them enters suffering, in order that they may have life.”

Keiser Report: Rationing of Money (E1092)

from RT:

From Mexico City, Max and Stacy discuss rationing healthcare and investment opportunities. Max continues his interview with economist and columnist Alejandro Nadal about Trump’s economic and geopolitical policies and what they mean for Mexico.

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

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

Silver Is Now Offered At a Discount

0

by Keith Weiner, Silver Seek:
Have you ever been in a discussion about gold, when someone blurts out “we don’t have enough gold to operate a gold standard!” We have a standard retort. “Oh, that’s interesting. Please tell us how much gold you think would be necessary, and how you calculated it.”

We have never heard a coherent answer to this question. Most people just don’t like gold, and will say whatever words they think will dismiss the monetary question entirely, without actually having to address the issues.

The common answer from the gold community is not much better, “We could have a gold standard, if gold was at the right price.”

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

0

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!

Owning Gold Is the First Step to “Freedom Insurance”

0

by Nick Giambruno, Casey Research:
It’s predictable…

A government in need of cash will turn to destructive “solutions.”

Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal.

As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more.