Wednesday, February 19, 2020

The Reason Why Gold & Silver Have Frustrated Investors Since 2011

by Steve St. Angelo, SRSRocco Report:
The biggest frustration to many precious metals investors, is why have the gold and silver prices under-performed the market since 2011? Actually, for gold it was since 2012. Even though gold hit a new record high of $1,900 in September 2011, its average annual price was higher in 2012 at $1,669 compared to $1,571 the prior year.

Regardless, the precious metals analysts back in 2012 were forecasting the market was going to experience even higher gold and silver prices, especially after the Fed announced QE 3 at the end of 2012. However, the precious metals community was taken by surprise as the gold and silver prices were hammered at the end of 2012 and into the beginning of 2013:

VIDEO: Cops Force K9 to Maul Innocent Man After Asking Them to Stay Out of His Yard

0

by Matt Agorist, The Free Thought Project:
Disturbing video shows Florida cops unleash a K9 on an innocent man after he allegedly asked them to stay on the other side of his fence.

Bartow, FL — Marquis Wright, 21, will likely be getting a hefty check at the expense of Bartow taxpayers in the near future as the taxpayers are held accountable for the horrific actions of the Bartow Police Department. For asking police to stay out on the other side of his fence, Wright was attacked, tasered, mauled by a K9, and kidnapped.

When police came to his home on Monday, Wright had done nothing wrong, committed no crime, and had harmed no one. However, the fact that Wright was entirely innocent did not prevent his attack and subsequent arrest.

Will Trump Fire Yellen or Vice Versa

by Michael Pento, Market Oracle:
Citigroup’s Economic Surprise Index just hit its lowest level since August 2011. But this level of disappointment has ironically emboldened the Fed to step up its hawkish monetary rhetoric. The truth is that the hard economic data is grossly missing analyst estimates to the downside as the economy inexorably grinds towards recession. This anemic growth and inflation data should have been sufficient to stay the Fed’s hand for the rest of this year and cause it to forgo the unwinding of its balance sheet.

But that’s not what’s happening. Ms. Yellen and Co. are threatening at least one more rate hike and to start selling what will end up to be around $2 trillion worth of MBS and Treasuries before the end of the year–starting at $10 billion each month and slowly growing to a maximum of $60 billion per month.

But why is the Fed suddenly in such a rush to normalize interest rates and its balance sheet? Perhaps it is because Ms. Yellen wants to fire Trump before she hears his favorite mantra, “you’re fired,” when her term expires in early 2018. It isn’t a coincidence that these Keynesian liberals at the Fed started to ignore the weak data concurrently with the election of the new President.

14 Facts That Prove That America’s Absolutely Pathetic System Of Public Education Deserves An ‘F’ Grade

0

by Michael Snyder, The Economic Collapse Blog:
One thing that almost everyone can agree upon is that our system of public education is broken. We spend far more money on public education than anyone else in the world, and yet the results are depressing to say the least. Considering how much we are putting into education, we should be producing the best students on the entire planet, but it just isn’t happening. Personally, I attended public schools from kindergarten all the way up through law school, and the quality of education that I received was extremely poor. Even on the collegiate level, most of the courses were so “dumbed down” that even the family dog could have passed them. And of course millions of other people all over the country would say the same sorts of things about their own educations. Many refer to what is happening to our society as “the dumbing down of America”, and if we don’t get things fixed the United States is on course to become a second class nation.

The Federal Reserves and Mainstream Media’s Moronic Statements On The Whole Foods Buyout

0

by Jeff Berwick, The Dollar Vigilante:
It’s already bad enough we live in a world overpopulated by idiots. Worse, they are often in charge of ‘the monetary system’ and even head up ‘the media’! Luckily for tomorrow, entrepreneurs are busy developing a decentralized crypto-monetary platform for a money that nobody can control, and an alternative media, of which we are part.

One recent article encompassed precisely the unnecessity of the stupidity of central bankers and their mainstream financial media lapdogs.

The article was entitled, “Amazon cutting prices at Whole Foods will not cause deflation.”

The author was responding to a quote from a Fed official, Charles Evans, who claimed the merger would result in lower grocery prices.

The Fast Track to “Carmageddon”

by Jim Rickards, DailyReckoning:
Back in the 1950s when GM had 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the auto market they always said that, “As General Motors goes, so goes the nation.”

That was obviously a tribute to GM’s economic muscle and its role as the driver of growth and rising living standards in post-war America’s booming economy. Those days are long gone for both GM and the nation. GM’s drastically reduced 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} market share of U.S. light vehicle sales in June was still an economic harbinger, albeit of a different sort.

GM offered a record $4,361 of cash incentives during June. That was up 7{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from last year and represented 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its average selling price of $35,650 per vehicle, also a record. But what it had to show for this muscular marketing effort was a 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decline in year-over-year sales and soaring inventories. The latter was up 46{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} from last June.

India: Cash is Back

by Pater Tenebrarum, Acting Man:
But the Crisis has Deepened and has Become More Entrenched (Part XIV)

Nobody for President

On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked a few people who Kovind is. No-one knew of him and people only vaguely remembered Ms. Kumar.

“Color Revolution” Comes Home? Are Americans Also the Victims of “Regime Change”?

by Kevin Zeese and Margaret Flowers, Global Research:
The United States has perfected the art of regime change operations. The US is the largest empire in world history with more than 1,000 military bases and troops operating throughout the world. In addition to military force, the US uses the soft power of regime change, often through ‘Color Revolutions.’ The US has been building its empire since the Civil War era, but it has been in the post-World War II period that it has perfected regime change operations.

Red Alert Economic Collapse Update

by SGT, SGT Report:

This is a red alert economic collapse update.

The state of Illinois is now on fiscal death watch after a District Court ruling on Friday demanded that the state pay back its debts at an accelerated rate.

Federal judge Joan Lefkow in Chicago ordered Illinois to come up with hundreds of millions of dollars it owes in Medicaid payments that state officials say the government doesn’t have, the Chicago Tribune reported.Judge Lefkow ordered the state to make $586 million in monthly payments (from the current $160 million).

Getting Down to Business

0

from Rogue Money:
“Today, Chinese-Russian relations have entered the best period of their development. This is a result of the long-term efforts of both sides. As they say, “the more people put twigs into the fire, the brighter its flame.” — President Xi Jinping, Moscow, July 4, 2017

Presidents Putin and Xi held a joint news conference on July 4th. The signing of agreements and deals that link arms between the two countries in the new Silk Road world is nothing new. But this time it is apparent that business leaders from both the private and public sectors are being woven even more strongly into the silk.

Primitive Technology: Stone Axe (celt)

3

from Primitive Technology:

The manufacture of a stone ax including the handle from using only primitive tools and materials. It is a celt (pronounced “selt”) a type of ax with a polished stone head wedged into a hole or mortise at the end of a wooden handle (not to be confused with a “Kelt” referring to a Celtic person). The head took about a week and a day to make as I chose to make it from a particularly large piece of basalt.