Monday, January 21, 2019

Meanwhile In Venezuela, The Real Mad Max Emerges

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from ZeroHedge:
While Silicon Valley seems obsessed by ‘blood boys’, its another part of the world that appears to have gone full Mad Max. As the following clip shows a gang of bikers chase down and attack a truck (with molotov cocktails) to steal its sugar payload

Not quite the “Guzzoline” or “Bullets” that Fury Road offers, but when all you have to eat is flamingoes or black stallions, sugar may be a good substitute worth risking your life over…

The Perfect Storage Options To Capitalize On Historically Undervalued Gold, Silver, And Platinum

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by Andy Hoffman, Miles Franklin:
This morning, I have several important topics to discuss – which, when today’s historically manipulated reality returns from the Bizarro World where PiMBEEB events result in higher stock, and lower Precious Metal, prices – will cumulatively, yield dramatic market “resets” unlike anything previously witnessed. Which in due time, must inevitably occur – given the gross, and patently unsustainable, financial, economic, and monetary distortions caused by the final stage of history’s largest, most destructive fiat Ponzi scheme.

To start with, a topic many of you are undoubtedly interested in hearing my take on, given that not only am I the only Precious Metal commentator to address it objectively; but given my considerable “experience” in this still nascent, but unquestionably world-changing technology, make me a “grizzled veteran” of the space; i.e., crypto-currency.

Global Warming Blown Out… Record Low Temps Recorded

by Martin Lioll, Conservative Tribune:
We keep on hearing about how global warming is making our planet hotter than ever. If you live in a third-floor beachfront condo, the left says, you’d better get ready to deal with seals swimming right outside your window — because that’s how fast the ice in the Arctic is melting.

There have been plenty of nails in the coffin of this sort of alarmism, but a new record in Greenland seems to be the latest piece of evidence the media is desperately trying to ignore. As climatologist Tony Heller points out at his blog, the Danish island territory just set its coldest July temperature on record.

In fact, it was the coldest temperature ever recorded in the Northern Hemisphere for the month of July: -33C (-27.4F).

TRUMP JR’S EMAIL SPARKS GOLD RECOVERY AS WELL AS SILVER/AGAIN MASSIVE VOLUME IN SILVER AT THE COMEX

HUGE MOVEMENT OF GOLD OUT OF COMEX WHILE HUGE MOVEMENTS INTO THE SILVER COMEX
from Harvey Organ:

RUSSIA EXPELS 35 USA DIPLOMATS AND SEIZES USA PROPERTY IN MOSCOW IN RETALIATION AGAINST SANCTIONS 6 MONTHS AGO.

In silver, the total open interest ROSE BY ONLY 6 contract(s) UP to 207,952 DESPITE THE NICE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 28 CENT(S). WE AGAIN MOST HAVE HAD CONTINUAL NEW SPECS GOING SHORT WITH THE COMMERCIALS BOTH COVERING AND ALSO GOING LONG. THE NET EFFECT A TINY GAIN IN OI.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.039 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 289 NOTICE(S) FOR 1,445,000 OZ OF SILVER

In gold, the total comex gold ROSE BY 4,372 CONTRACTS WITH THE RISE IN THE PRICE OF GOLD ($3.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,624 contracts.

we had 1 notice(s) filed upon for 100 oz of gold.

Read More @ Harveyorganblog.com

Donald Trump’s Very Own Big, Fat, Ugly Bubble

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by David Stockman, DailyReckoning:
The overwhelming source of what ails America economically is found in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive financial mutations on Wall Street and Main Street.

Bubble Finance policies have fueled an egregious financial engineering by the C-suites of corporate America. This bubble has skyrocketed to the tune of $15 trillion of stock buybacks, debt-fueled mergers deals and buyouts of the last decade.

The Fed fostered a borrowing binge in the household sector after the 1980s. It eventually resulted in Peak Debt and $15 trillion in debilitating debts on the homes, cars, incomes and futures of what used to be middle class America.

Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

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by Jeff Berwick, The Dollar Vigilante:
Just kidding.

The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.

On June 11th, bitcoin stuck its nose just above $3,000 and is currently near $2,377 for a pullback of 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

When I Found Out How Members Of Congress Really Spend Their Time, I Just About Threw Up

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by Michael Snyder, End Of The American Dream:
Did you know that many members of Congress spend three or four hours a day “dialing for dollars” in cramped call centers that both parties have set up in Washington? I promised that I would keep all of you updated on what I am learning as I run for Congress, and what I learned the other day just about had me losing my lunch. I always imagined members of Congress spending long hours in their offices working on legislation and other important matters, but the truth is that most members of Congress are little more than glorified telemarketers at this point. Winning the next election is everything for most of these Congress critters, and so they spend far more time making cold calls to potential donors than doing anything else.

“… A Recession Has Always Followed”: Is This The Real Reason The Fed Is Suddenly Panicking

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from ZeroHedge:
“Why is the Fed so desperate to raise rates and tighten financial conditions? Why has the Fed shifted from a dovish to a hawkish bias?”

That is the question on every trader’s, analyst’s and economist’s mind in the past month. Is it because the Fed is suddenly worried it has inflated another massive equity bubble (major banks now openly warn their clients the market is in frothy territory, if not inside a bubble), or is the Fed just worried that it will fall too far behind the curve and be unable to regain control of the economy once inflation spikes, without creating a recession (in what will soon be the second longest, if weakest, economic expansion of all time).