Thursday, November 14, 2019

Congress Quietly Passed a Bill Allowing Warrantless Searches of Homes—Only 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Opposed It

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by Rachel Blevins, The Free Thought Project:

A major red flag was buried in the text of a bill with a seemingly harmless title.

A bill that will allow homes to be searched without a warrant was passed with overwhelming support by the United States Congress, and signed into law by President Trump—and it happened with no media coverage and very little fanfare.

On the surface, House Joint Resolution 76 looks harmless. The title of the bill claims that its purpose is Granting the consent and approval of Congress for the Commonwealth of Virginia, the State of Maryland, and the District of Columbia to enter into a compact relating to the establishment of the Washington Metrorail Safety Commission.”

“Whereas the Washington Metropolitan Area Transit Authority, an interstate compact agency of the District of Columbia, the Commonwealth of Virginia, and the State of Maryland, provides transportation services to millions of people each year, the safety of whom is paramount; Whereas an effective and safe Washington Metropolitan Area Transit Authority system is essential to the commerce and prosperity of the National Capital region; Whereas the Tri-State Oversight Committee, created by a memorandum of understanding amongst these 3 jurisdictions, has provided safety oversight of the Washington Metropolitan Area Transit Authority.”

The proposal for a safety commission to act as a wing of the Washington Metropolitan Area Transit Authority may sound logical, when its power includes thing such as the ability to Adopt, revise, and distribute a written State Safety Oversight Program” and to “Review, approve, oversee, and enforce the adoption and implementation of WMATA’s Public Transportation Agency Safety Plan.”

However, there is one major red flag buried within the text of the bill that stems from the list of “powers” given to the Washington Metrorail Safety Commission, and it violates one of the basic tenants of the U.S. Constitution.

“In performing its duties, the Commission, through its Board or designated employees or agents, may:Enter upon the WMATA Rail System and, upon reasonable notice and a finding by the chief executive officer that a need exists, upon any lands, waters, and premises adjacent to the WMATA Rail System, including, without limitation, property owned or occupied by the federal government, for the purpose of making inspections, investigations, examinations, and testing as the Commission may deem necessary to carry out the purposes of this MSC Compact, and such entry shall not be deemed a trespass.”

The text gives the Commission the authority to enter property near the Metro Rail System “without limitation” and without a warrant, for the purpose of “making inspections, investigations, examinations, and testing.”

Read More @ TheFreeThoughtProject.com

3 Major Banks Are Now Warning of Another Global Recession

by The Anti Media:

Highlighting conditions similar to the lead-up to the 2008 financial crisis, three major Wall Street banks this month issued warnings that a proverbial “Winter Is Coming” for planet-wide financial markets. From Bloomberg:

“HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.

“Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop.”

Andrew Sheets, chief cross-asset strategist at Morgan Stanley, wrote in a note to traders Tuesday that a large part of the problem is that investments are increasingly untethered to Forex (FX), the decentralized global market for the trading of currencies.

“Equities have become less correlated with FX, FX has become less correlated with rates, and everything has become less sensitive to oil,” Sheets wrote.

Morgan Stanley’s financial model shows that global assets are the least correlated they have been in a decade. Essentially, investors are basing decisions solely on factors specific to the individual stock and ignoring larger outside drivers like manufacturing data — just as they did in the last half of the 2000s.

As this occurs, relationships between assets break down, as Sheets wrote Tuesday:

“These low macro and micro correlations confirm the idea that we’re in a late-cycle environment, and it’s no accident that the last time we saw readings this low was 2005-07.”

All this investor confidence has led to a decrease in stock market volatility. That’s not a good thing, says Steven Major, global head of fixed-income research for HSBC Holdings.

“Low volatility across asset classes may give a false sense of security and bond markets may be caught napping,” Major wrote in a note to clients on August 8. He added that “years of international spillover from quantitative easing” increase the risk that local triggers will have a greater impact on global markets.

Strategists from Citigroup, as well, fear that governments’ attempts to implement economic stimulus following the 2008 crisis — and the fact that those efforts are easing — could join with other factors to produce the next worldwide recession, as Bloomberg noted Tuesday:

Read More @ TheAntiMedia.com

If You Can’t Change Your Mind, Change the Subject

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by Andrew P. Napolitano, Lew Rockwell:

On the heels of his worst week in office, during which his crude comments about race were widely perceived as defending racism and hatred — comments that sent some of his natural domestic allies fleeing — President Donald Trump could not bring himself to articulate a mea culpa.

Instead, he purported to defend as “some very fine people” the monsters who shouted “Jews will not replace us” and “blood and soil” (a virulent Nazi slogan calling for lands where only Aryans may live) as they clashed with those who rejected their messages in Charlottesville, Virginia.

Police failure and general government indifference about the freedom of speech permitted one of the racists to kill one of those who had come to reject the hate.

After the deceased was identified, one of the neo-Nazis there said she deserved to die because she was “fat.” It is difficult for me to accept that I am writing about neo-Nazis calling for racial purity and rejoicing in the death of an innocent — in America in 2017. But here we are. They are among us, and these subjects must be addressed.

At first, the president made a rambling statement about bad people on “both sides”; then he read a nicely worded attack on racists; and then he held a disastrous impromptu news conference in which he was so morally ambivalent that he seemed to reject his duty as president.

Rejecting, as well, the pleas of those around him to renounce his own failure to renounce his moral ambivalence — which won him a public accolade from the most notorious Ku Klux Klan fanatic in the country — Trump decided to change the subject.

Like former President Bill Clinton after his disastrous public appearance before a federal grand jury that was investigating him, Trump decided to fight a war. But the war he announced we will “fight to win” earlier this week is the longest, most misguided, costliest and least understood war in our history, and we are fighting for people who hate us.

If these phrases and ideas sound familiar, they should. They are not my words — though I agree with them — but those of candidate Trump. He articulated them forcefully to the American electorate during last year’s presidential election campaign. He actually began attacking the war in Afghanistan long before he announced his presidential candidacy.

If he has been consistent on any public issue, it has been his opposition to this useless, lawless, costly war — until he needed to change the subject.

Read More @ LewRockwell.com

Urban Survivors: A Post-SHTF Water Supply

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by Jeremiah Johnson, Ready Nutrition:

ReadyNutrition Guys and Gals, we’re going to cover some quick, down-and-dirty techniques for throwing a water supply together before the SHTF for our urban-dwelling readers.  Too often urbanites are ignored, and there are surely many more of you as readers than the comments reveal.

Many of you may be wondering about this, as I’ve written extensively about a rain-catchment system for your home, underground cisterns, methods of water storage in the home, and the like.  I have also written on how to locate water from “unlikely” sources.  So why this?

Because we’re a hair’s breadth away from a war and/or an EMP (Electromagnetic Pulse) Strike against the U.S., and many have not initiated any of these plans for water storage.

On another note, naysayers and trolls have been posting without hiatus.  Their methods are simple: Deny, Discredit, and Denounce.  Do not pay any attention to these “nonproductive” comments, in which everything written is attacked without any viable solution being proposed.  The information presented here is not as “perfect” as the credentials of the trolls, however, if you take the initiative…research it yourself and then act upon it…the information gives you both options and ideas to enable you to succeed.

If you’re in an urban environment, especially living in an apartment or condo, your options regarding water storage are going to be severely limited.  Tell you what.  If you’re not thinking outside of the box, nobody will do so for you when the time is needed.  My advice is if you have a storage unit in the building or complex?  See if you can rent an extra one.  If not, then allocate the one that you have for storing emergency supplies, one of them being water.

You can store 5-gallon containers with water in that storage unit.  A good idea for you would be two 5-gallon containers for each member of the family.  That would give you a minimum of a five-day supply per family member, as each person needs about 2 gallons per day.  Cases of bottled water would be your next option, followed by the 2-liter bottle storage method.  Ensure that if you’re in an apartment, that you have at least 1 of those 5-gallon containers per person.  I’m trying to suggest it so that you don’t have too much “water weight” in one given area…although 1 container per person is certainly on the “conservative” side.  Use your best judgment.

In an apartment: allocate water for use for the toilet.  You want a couple of 5-gallon containers for the toilet.  When the emergency either occurs or looms “danger close,” you need to fill up the bathtub and all the sinks in the house completely.  Fill up every large container that can’t be easily knocked over, and preferably those with lids.  Fill up containers with lids, lining and stacking them up all over the house, if need be.

You may plan on bugging out, but you may be trapped there for a while, and it’s better safe than sorry: load up now and store it to see you through until you can leave.

Here’s an idea for you that may work should your city or town be suffering from the effects of an EMP but not a nuke or nuclear radiation.  Tap into the downspout nearest to your unit.  With the aid of a square and a sturdy but flexible sheet of plastic (such as a disposable plastic baking sheet, for instance), make a “funnel” and run the end of this into a length of 1” or comparable PVC pipe, securing your funnel with strong duct tape.  You’ll then need to “punch” into the downspout, and then position your funnel to catch the water and run it into your PVC pipe, then to a container that you preposition.

To answer your question: if you just place a container at the bottom of the downspout and there’s a water shortage, how long will it be until a “Planet of the Apes” scenario unfolds, and another 100 people want the water that’s in that container?

Not to mention that you’ll have to expose yourself to the outside.  High rise apartment-dwellers will have a hard time with this one, and if you don’t have a balcony facing the downspout, you’ll have to figure an alternative method to pipe it in or collect it.  For apartment dwellers with balconies, you can stretch sheets of plastic in an “open” funnel, and channel the water into collecting containers.  Preposition open containers all over your balcony.

Here’s a good idea for you.  Pick up a large metal or plastic outdoor garbage can.  Line the inside of it with two layers of thick contractor strength trash bags.  Leave that out on your balcony or on your porch.  Be smart: after the SHTF, place a bunch of trash around the base of it, maybe kick a dent or two into it, and go at it with a can of spray paint all over.  Make it appear to be a trash can.

But it’ll be your “urban cistern,” hidden from the IHM (Incredible Human Mob).

You can fill that with water you collect, from the rain-gutter tap I just mentioned, to the smaller containers and plastic sheets you use to gather rainwater.  With the plastic bag overlapped it will look just as an ordinary trash can.

Make sure you also have plenty of water purification gear: filters, chemical additives such as bleach, iodine, or HTH (calcium hypochlorite) to treat the water you collect, and pitchers with filtration systems, such as Brita’s, etc.  You also need to find a building or storage facility that is not going to hold anything particularly useful.  Use the spouts from this location to collect rainwater.  Just remember, chances are unless you visit it or watch over it, the water you collect will be taken.

Now, about others in your building: if you’re fortunate enough to have a laundry room in your building, you can organize a “building water supply” with the washing machines.  Run the machines to fill and use them as a storage reservoir.  You can (after it has hit) disconnect the hoses and see if you might be able to take some water from them.  Don’t forget that utility sink: stopper it up, plug it up, or whatever.  But fill that bad boy up, and keep it topped off.

Read More @ ReadyNutrition.com

Conspiracy Theorists Can Relax! Steve Mnuchin Peers Through Ft. Knox Window And Confirms Gold Is Still There!

by Jeff Berwick, The Dollar Vigilante:

Imagine it was 1937 and you stored your gold with someone… let’s call them Uncle Sam.

After about 20 years you told Sam that you’d like to see the gold and make sure it was still there. He said sure; you can come and take a quick look. And you did… and you were satisfied that it looked like the gold was still there.

Decades then went by… more than 40 years in fact… and you told Sam that you’d like to make sure the gold is still there.

He replied, “Sure, but you can’t count it or touch it or anything. You can just look through the window and see it is still there.”

“Oh, and another thing,” said Sam, “We get to select the person who can take a quick look.”

You’d start to get quite suspicious, wouldn’t you? It had been more than 40 years since you were even allowed to see the gold and more than 60 years since the last time Sam allowed you to count it.

“Who do you select to take a look for us?” you asked, eyebrows furrowed.

“Steve Mnuchin,” said Uncle Sam.

That is exactly what has happened with the gold supposedly stored by the US government in Fort Knox.

The last time the gold was even counted was in 1953. And the last time anyone was even allowed to take a quick peek at it was 1974!

And just this week, Treasury Secretary, Steve Mnuchin, went on behalf of the American people to take a quick look and confirm the gold is still there.

After all, who could you possibly trust more than Steve Mnuchin. The man who spent 17 years working in investment banking, most notably with Goldman Sachs, was a business partner with George Soros and was sued over his involvement with Bernie Madoff securities.

Yet, in the most nonchalant way possible, this week, Mnuchin quipped to an audience in Louisville, Kentucky, “I assume the gold is still there.”

And then, he mosied over to Fort Knox, walked in, walked out and tweeted…. And I kid you not, “Glad gold is safe.”

That’s it! He didn’t count it or check to see the books to see if it had been leant out to anyone, didn’t have some assays done to ensure it was actually gold and not an alloy.

None of that. He just took a quick glance to see there was some gold there. Good enough! No need to check again for another 50 years!

What else would you expect from a US federal government whose own auditors say their books have been completely unauditable for 20 years. Or how the Pentagram still can’t find over 6.5 trillion dollars.

So now, after nearly 50 years of nobody auditing the gold, one of the most untrustworthy people in the world took a gander and declared that everything is fine.

And the mouth breathing, government educated, fluoridated, chem-trailed, GMO’ed and vaccinated tax slaves in the US were too busy working three jobs even to notice.

We’d make more of a kerfuffle about the whole thing ourselves if it weren’t for the fact that the total amount of gold held in Fort Knox, if it truly is still there and still owned by the federal government, if sold today, would only cover the expenses of the US government for less than two weeks.

That’s right.

At today’s price of $1290, the total value of the gold holdings at Fort Knox, if they are really there (again, the only one who has seen the gold in the last half century is Steve Mnunchin) are worth about $200 billion.

In June, alone, the US government spent $429 billion.

So, if all the gold at Ft. Knox was sold, it’d cover about 14 days of expenses.

So, in terms of the importance of the gold holdings in the US government’s balance sheet, it is actually negligible.

Some, though, might say the gold held at Fort Knox is important if the US were to ever go back to a gold standard.

Well, for one thing, don’t hold your breath for that to ever happen.

If the US government put the US dollar on a gold standard that was managed by itself or by the Fed or Treasury to the extent that it was adopted in the classical sense it would bankrupt the government and/or severely tie its hands.

While this would be the best news possible for nearly everyone on Earth… What are the chances the US government would destroy itself on purpose? Not very likely.

And, even if it somehow did, it still wouldn’t be easy, nor necessarily very free-market.

It is hard to predict how they would do it if they did. That is, would they choose to have the dollar be backed by a weight in gold or would the gold price be fixed? Would the government erect state banks as it did before the Fed? Or would it redefine and use the Fed to regulate the exchangeability between dollars and gold? Or would it be the Treasury directly? Another way that has been discussed is to incorporate gold as a top tier asset under the latest Basel guidelines, which implies little difference in the analysis. Or they could create a Fedcoin backed by gold, and the token could rely on a program of some type of inflationism built into it.

But it’s not likely they would abandon fractional reserve banking altogether.

Whatever the case, if it is a government directive it is not likely to be “sound.” It is likely to be rigged. It is likely to tilt the playing field, as usual.

Some gold bugs, though, would point out that if the US were to somehow go back to a gold standard, the value of gold would likely have to increase dramatically.

Read More @ TheDollarVigilante.com

Why Am I Doing This?

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by Michael Krieger, Liberty Blitzkrieg:

Those of you who’ve read me for many years will have undoubtedly noticed a major transformation in the tone and content of my writing over the course of 2017. This shift has been the result of much personal introspection regarding how I had been doing things in the past and whether I was pleased with the outcome.

In the June post, People Are Devolving Into Degeneracy and Violence – Don’t Join the Club, I noted:

When times get tough people can unite and fight back against a common enemy, or they can be manipulated into fighting each other. Unfortunately, the latter has become increasingly popular amongst all sides in what has become an increasingly deranged, adolescent and counterproductive political environment.

Meanwhile, the people who are truly powerful, the oligarchs of industry and their bought and paid for political minions are the ones who really benefit. The primary purpose of this website from the very beginning has been to highlight how power actually functions in imperial America with the hope that people across the political spectrum could unite and push back against the unaccountable rent-seeking practices of a common enemy. It seems I was extraordinarily naive.

When a writer and thinker such as myself is forced to admit failure, it’s a very tough pill to swallow. Writing this blog is in many ways a thankless task. I’m essentially doing volunteer work day in and day out because I passionately believe in the ideas I put forth, and to see them have little to no effect on the public debate can be very depressing. Rather than seeing human beings unite to throw off the predatory shackles that bind them as I had hoped, I see people who should be coming together punching and yelling at each other in the streets — and that’s on a good day. On bad days, people are getting shot or run over, from Virginia to London. Watching all this madness unfold while the truly powerful sit back and grin, more secure in their positions as ever before thanks to rabble fighting each other, sometimes makes me want to just stop doing this writing thing. After all, what’s the point?

Upon deeper reflection, I’ve come away with several unpleasant self-critiques about how I had been engaging with readers over the past five years. For one thing, I realized that most of my posts revolved around expressing outrage about how poorly other people were acting and how dangerous these actions were to society at large.

While understanding how the system works and identifying some particularly bad actors is very important, it’s not nearly enough. By spending so much thought and energy on the transgressions of others, I realized that I had done my part to contribute to the “outrage culture” which currently infects our political dialogue. Pointing fingers at others incessantly is what unconscious people do, which more conscious people inspire others to live up to their best nature. For years, I had been doing too much of the former, and not enough of the latter. That’s not to say there’s no value in calling out bad actors, I think there is. The point is that my content had become defined by a dangerous imbalance, and it was bad for me and bad for you.

 

To see what I mean, let’s take a step back in time. Upon seeing the government response to the financial crisis nearly a decade ago, I immediately knew that the country was headed for a very dangerous and tumultuous time. This realization left me with a sense of a mission to get out there and warn people about what was happening and the destructive implications that would inevitably follow. You simply cannot have elitist theft and corruption at the scale we witnessed in the post financial crisis era without major blowback. I figured that the most important thing I could do was explain how the entire economy and political paradigm had become a parasitic, criminal, systemic cancer. I figured if people “woke up” to reality and got upset about it, we could unify the public against oligarchy and implement true governance by the people, for the people. I was completely wrong.

People certainly got angry, but much of this anger was channeled toward the election of a narcissistic con man, who immediately handed his administration over to Wall Street, just as all his predecessors had before him. Even worse, the election of Trump has made it even easier to divide the public against one another, rather than against true power. The road we’re headed on right now doesn’t end well, and I’ve recognized the error of my ways.

As I noted in yesterday’s post, operating from a state of anger (or fear) will only result in very bad responses to our real problems. Calling reality as I see it is as important as ever, but merely trying to get people outraged will never get us to where we need to — as individuals or a nation.

Part of the reason I felt like a failure when reflecting upon how things turned out since the financial crisis was due to my unrealistic expectations. I assumed a largely unconscious population could overcome and transcend our corrupt, neo-feudal society simply by becoming outraged. This was an extremely stupid and lazy assumption, and I now recognize that. I’ve since come to understand that a culture does indeed reflect the individuals who reside in it — an discomforting, yet fundamental truth.

Read More @ LibertyBlitzkrieg.com

TWO HUGE WHACKS ON GOLD AND SILVER TODAY BUT OUR PRECIOUS METALS ARE STILL RESILIENT: GOLD DOWN ONLY $2.15 AND SILVER DOWN 9 CENTS

by Harvey Organ, Harvey Organ Blog:

GREECE HIT WITH A HUGE INFLUX OF MIGRANTS FROM TURKEY/ISRAEL WARNS PUTIN THAT IRAN MUST LEAVE SYRIA OR ELSE THEY WILL ATTACK/TRUMP WANTS HIS WALL: IF NOT HE WILL SHUT DOWN GOVERNMENT/CITY OF HARTFORD WILL LIKELY FILE FOR BANKRUPTCY PROTECTION

GOLD: $1286.85  DOW $2.15

Silver: $16.98  DOWN 9 CENTS

Closing access prices:

Gold $1290.40

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: $1294.05 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1287.80

PREMIUM FIRST FIX:  $6.25

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SECOND SHANGHAI GOLD FIX: $1293.21

NY GOLD PRICE AT THE EXACT SAME TIME: $1289.60

Premium of Shanghai 2nd fix/NY:$3.61

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LONDON FIRST GOLD FIX:  5:30 am est  $1285.90

NY PRICING AT THE EXACT SAME TIME: $1286.20

LONDON SECOND GOLD FIX  10 AM: $1289.00

NY PRICING AT THE EXACT SAME TIME. $1289.10

For comex gold:

AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR  NIL  OZ.

TOTAL NOTICES SO FAR: 4584 FOR 458,400 OZ  (14.258 TONNES)

For silver:

AUGUST

 

 28 NOTICES FILED TODAY FOR

 

140,000  OZ/

Total number of notices filed so far this month: 1132 for 5,600,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 

As I have mentioned we are in options expiry week and you should expect pressure on gold/silver for the next 6 trading days. Today, the bankers twice repelled gold/silver’s advance as they try and keep gold under $1300 and silver under $17.00. The USA has only $82. billion left in the kitty with a burn rate of around 3 billion per day. David Stockman believes that there is little chance for a clean rise in the debt ceiling without huge concessions to Democrats. This article is a must read..

Let us have a look at the data for today

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In silver, the total open interest ROSE by A HUGE 4,889 contracts from 187,227 UP TO 192,116 DESPITE THE TINY RISE IN PRICE THAT SILVER UNDERTOOK WITH  YESTERDAY’S TRADING (UP 9 CENTS). NO DOUBT THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING THAT HE WANTS HIS WALL OR HE WILL SHUT DOWN GOVERNMENT CAUSED MANY TO ENTER THE PRECIOUS METALS ARENA.  THE BANKERS HAD NO CHOICE BUT TO SUPPLY THE NECESSARY SHORT PAPER WITH THE NEWBIE SPECS ENTERING THE ARENA WITH RECKLESS ABANDON… SOME OLDER SPECS EXITED WITH A PROFIT.YESTERDAY,  THE BANKERS WERE TELEGRAPHING A RAID THIS MORNING (SILVER SUBDUED IN PRICE COMPARED TO GOLD) WHICH FAILED AGAIN.  THE BANKERS ARE GETTING QUITE NERVOUS WITH THEIR CONTINUED FAILED ATTEMPTS TO CONTROL THE PRECIOUS METALS ARENA.   

RESULT: A MUCH HIGHER OI WITH A SLIGHT PRICE INCREASE.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.966 BILLION TO BE EXACT or 138{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 5,784 CONTRACTS WITH THE RISE  in price of gold ($3.35 GAIN  YESTERDAY .). The new OI for the gold complex rests at 506,227.

AS IN SILVER, THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING TO CLOSE GOVERNMENT IF HE DID NOT GET HIS WALL HAD A HUGE NUMBER OF NEWBIE SPECS ENTER THE GOLD ARENA WITH THE COMMERCIALS SUPPLYING THE NECESSARY PAPER. SOME OLD SPECS SOLD FOR A PROFIT, THINKING THAT THE PRECIOUS METALS WILL ALWAYS LOWER IN PRICE DURING OPTIONS EXPIRY WEEK.

Result: A HUGE GAIN IN OI with A RISE IN PRICE IN GOLD.

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD:

Today, no changes in gold inventory:

Inventory rests tonight: 799.29 tonnes

IN THE LAST 29 TRADING DAYS: GLD SHEDS 37.68 TONNES YET GOLD IS HIGHER BY $54.35 .

SLV

Today:  WE HAD A BIG CHANGE IN SILVER INVENTORY TONIGHT: A WITHDRAWAL OF 1.229 MILLION OZ/

INVENTORY RESTS AT 333.178 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver RISE BY 4,889 contracts from 187,227 UP TO 192,116 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH YESTERDAY’S 9 CENT GAIN IN TRADING. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE WHEREBY TRUMP THREATENED TO SHUT DOWN GOVERNMENT UNLESS HE GOT HIS WALL. NEWBIE SPECS ENTERED THE ARENA.  OLD SPECS THINKING THAT OPTIONS EXPIRY WEEK  NEVER WITNESSES A SILVER RISE, SOLD SOME OF THEIR LONGS FOR A PROFIT.  THE BANKERS HAD NO CHOICE BUT TO SUPPLY SOME NEW SHORTS AND AGAIN THEY COULD NOT COVER. THE BANKERS KEPT  SILVER IN CHECK TELEGRAPHING AN ATTEMPTED RAID WHICH AGAIN FAILED THIS MORNING

 

RESULT:  A MUCH HIGHER OI WITH A TINY HIGHER PRICE.

(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 16.19 POINTS OR 0.49{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 166.93 POINTS OR .43{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 80.81 POINTS OR 0.42{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6617/Oil DOWN to 48.14 dollars per barrel for WTI and 52.34 for Brent. Stocks in Europe OPENED GREEN , Offshore yuan trades  6.6613 yuan to the dollar vs 6.6617 for onshore yuan. NOW THE OFFSHORE MOVED STRONGER  TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS NOT  HAPPY TODAY

Read More @ HarveyOrganBlog.com

U.S. Senate Wants To Label WikiLeaks A “Non-State Hostile Intelligence Service”

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by Aaron Kesel, Activist Post:

The U.S. Senate is considering a bill that would classify WikiLeaks as a “non-state hostile intelligence service” bundled as part of the 2018 Intelligence Authorization Act. Presumably, that classification would authorize the use of force against WikiLeaks.

“It is the sense of Congress that WikiLeaks and the senior leadership of WikiLeaks resemble a non-state hostile intelligence service often abetted by state actors and should be treated as such a service by the United States,” a section of the Act reads.

The Act almost unanimously passed a Senate panel last month 14-1, rejected by only one man, Sen. Ron Wyden, an Oregon Democrat who staunchly opposed the measure due to the provision that was snuck in about WikiLeaks.

“The language in the bill suggesting that the U.S. government has some unstated course of action against ‘non-state hostile intelligence services’ is equally troubling,” Wyden said in a press release. “The damage done by WikiLeaks to the United States is clear. But with any new challenge to our country, Congress ought not react in a manner that could have negative consequences, unforeseen or not, for our constitutional principles. The introduction of vague, undefined new categories of enemies constitutes such an ill-considered reaction.”

“The use of the novel phrase ‘non-state hostile intelligence service’ may have legal, constitutional and policy implications, particularly should it be applied to journalists inquiring about secrets,” said Senator Wyden.

Attorney General Jeff Sessions previously said in April that the arrest of WikiLeaks’ publisher Julian Assange was a “priority” for the DOJ.

“We are going to step up our effort and already are stepping up our efforts on all leaks,” he said. “This is a matter that’s gone beyond anything I’m aware of. We have professionals that have been in the security business of the United States for many years that are shocked by the number of leaks and some of them are quite serious. So yes, it is a priority. We’ve already begun to step up our efforts and whenever a case can be made, we will seek to put some people in jail,” Sessions said.

Meanwhile, CIA Director Mike Pompeo has regularly labeled WikiLeaks a “non-state hostile intelligence service,” the same term used in the Senate bill.

WikiLeaks, an international non-profit whistleblowing organization, has leaked at least 10 million classified documents to date from various governments including the United States. In 2016, the group published a number of documents and emails from the Democratic National Committee (DNC) and Hillary Clinton’s campaign chair John Podesta that suggested the DNC deliberately tried to discredit presidential candidate Bernie Sanders over then-Democratic nominee Hillary Clinton.

Read More @ ActivistPost.com

Leaked Mnuchin Pic Shows ONLY 1 GOLD Bar Left at Fort Knox!!!

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from SilverDoctors:

The photo from just now is epic! We are breathless, speechless, and not quite sure what to make of it… 

“You mean to tell me this is all that’s left???”

Read More @ SilverDoctors.com

The Truth About the Fort Knox Gold

by Jim Rickards, Daily Reckoning:

One of the little-known items on the Fed’s balance sheet is a vital asset it received from the U.S. Treasury a long time ago…

During the Great Depression, in 1933, President Roosevelt issued an executive order requiring anyone with gold to surrender it to a Federal Reserve bank or any member bank of the Federal Reserve system.

The Federal Reserve banks also required the commercial banks to hand over their gold to the Fed. Now, suddenly, the gold went out of the commercial banks into the Federal Reserve Bank.

But under the Gold Reserve Act of 1934, the Fed was ordered to surrender all its gold to the Treasury Department. All the nation’s gold in effect came under direct government ownership.

Now, this is key: The Federal Reserve is actually a private system, while the Treasury is an arm of the U.S. government. And the Fifth Amendment of the Constitution prevents the government from taking private property without just compensation.

To get around that legality, the “just compensation” was a gold certificate the Treasury issued to the Fed in exchange for its physical gold.

To this day, the Fed carries that gold certificate on its balance sheet.

The Treasury officially values its gold at $42 an ounce. That was the official gold price from 1973, two years after the U.S. abandoned the Bretton Woods system. Of course, the market price of gold today is almost $1,300 an ounce.

But if you take the face value of the gold on the Fed balance sheet, divide it by $42 an ounce and then come up with a number of ounces and convert that into tons, it comes out to over 8,000 tons.

That’s highly interesting, because that’s how much gold the Treasury currently owns.

The Treasury needs at least 8,000 tons of gold to back up that paper certificate it handed the Fed back in the 1930s to satisfy the Fifth Amendment.

If you take the 8,000 tons on the Fed balance sheet in the form of this gold certificate, market to market at $1,300, that mounts to well over $300 billion.

So the secret to the Fed’s balance sheet is its “hidden gold asset,” that gold certificate it received from the Treasury in the 1930s.

Nobody talks about this or admits it. But our whole system is based on gold.

But what about the gold in Fort Knox? Is it actually there?

There is a lot of confusion on this subject.

First off, Fort Knox was built in 1937 partly to house gold that the Treasury was scooping up after the Gold Reserve Act took effect. The gold had been kept it in vaults in the basement of the Treasury. But they ran out of space, so they built Fort Knox to house the gold.

Many gold bugs and conspiracy theorists say there is no actual gold in Fort Knox. They say the reason the government will not audit the gold, for example, is because the gold is not there.

But the truth is quite the opposite.

If you are the Fed or the Treasury and you want people to think that gold is unimportant — which they do — why would you audit it?

You audit things that are important. You do not audit things that are unimportant. If the Fed doesn’t want you to think that gold is important, it follows that they would not audit it. Auditing it pays gold too much respect.

I am in favor of an audit, just to be clear. But the fact that the government does not audit the gold does not tell you that the gold is not there. They just do not want you to pay any attention to it.

But is the gold actually in Fort Knox?

Let me say it right now: Yes, the gold is there. I actually have some evidence that the gold is there from military sources.

Incidentally, most people think all the Treasury gold is in Fort Knox. But that is not correct. A little more than half the gold is at Fort Knox, but the rest is stored at West Point on the Hudson River in New York.

Read More @ DailyRickards.com

WHAT TBP MEANS TO ME

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by Jim Quinn, The Burning Platform:

With all the turmoil in the last few weeks over websites, censorship, free speech, and leftist tech corporations banning sites they don’t like, I thought it would be a good time to clarify my vision and purpose for The Burning Platform. First, TBP is not an alt-right, white supremacist or pro-nazi website. I also don’t consider it a pro-Republican website. It’s been built by being anti lots of stuff. I don’t want to be part of any group that would have me as a member.

My philosophy is practical libertarian. I want to be left alone to live my life as I choose. I don’t care how others live their lives. The less government, the better. The purpose of our military is to protect our country from invasion, not policing the world. The Austrian School of economics makes the most sense to me. Keynesian economists are either liars or brain damaged. I’m a strict Constitutionalist. I despise Wall Street bankers, the Federal Reserve, liberal politicians, GOP establishment politicians, neo-cons, fake news corporate media, the military industrial complex, government apparatchiks, the surveillance state, and the Deep State oligarchs.

The site’s patron saints are Ron Paul and David Walker. The mistreatment of Ron Paul by the corporate media and the GOP establishment during his 2008 and 2012 campaigns for president was the motivation for me to begin writing. The name of the website is taken from a quote by David Walker which I believe sums up the dilemma facing our country. Our fiscal situation is now far worse than it was when he made this statement in 2007. But still, the ignorant masses continue to mindlessly sleepwalk through life staring at their iGadgets as the American Empire accelerates towards bankruptcy and a great fall.

“The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon.

There are striking similarities between America’s current situation and the factors that brought down Rome, including declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility by the central government. The fiscal imbalance meant the US was on a path toward an explosion of debt.

With the looming retirement of baby boomers, spiraling healthcare costs, plummeting savings rates and increasing reliance on foreign lenders, we face unprecedented fiscal risks. Current US policy on education, energy, the environment, immigration and Iraq also was on an unsustainable path. Our very prosperity is placing greater demands on our physical infrastructure. Billions of dollars will be needed to modernize everything from highways and airports to water and sewage systems.”

 David Walker – 2007

The original intent of creating this website was to have a place where I could post my articles without being censored. Seeking Alpha began changing my articles and eventually banning me. Financial Sense black balled me. They both sold out to Wall Street. After having a falling out with my original web master and then running the site on the cheap by myself for a few years, a massive denial of service attack in 2014 looked like it would be the end of TBP. That is when fellow blogger Mike Krieger and TMWNN came to my rescue. TMWNN fought off the denial of service attack and has protected TBP ever since.

TBP went from a half assed shoestring operation to a more professional website. My generous readers stepped up with a significant level of donations and the big boob ads get plenty of clicks from my dirty old man demographic, generating decent ad revenue. The site has changed dramatically over the last few years as my annual visitor totals have doubled from 4.4 million to 8.8 million. Not bad for some guy doing this in his spare time.

As the TBP community has grown I had to make a choice. I could just write an article or two per week and leave the site dormant for most of the week. I have very limited time, especially during the workweek. It became clear to me the community wanted to interact on a daily basis, so I decided to turn TBP into a mini Zero Hedge with 15 to 20 posts per day from various writers. I’ve been thrilled to have multiple TBPers become great contributors to the site with an outstanding array of articles and viewpoints. I’ve become more of a publisher/editor and less of a writer. I prefer writing, but keeping this community entertained and involved on a daily basis is more important.

The entire point of this website is to piss people off, wake them up to the evils being done by their government, uncover the fake data pumped out on a daily basis by the government and media, reveal the propaganda techniques used by the Deep State to keep the sheep sedated, and warn them of the financial peril that unequivocally will destroy our country. I view everything through the lens of the Fourth Turning. Strauss & Howe’s generational theory makes total sense to me. There is nothing that has happened since I read that book in 2007 to make me question it’s hypothesis. We are in the middle of a Fourth Turning and I’m trying to help people navigate through it.

Read More @ TheBurningPlatform.com