Tuesday, August 9, 2022

Trump: US Will Not Use Armed Forces to Build Democracy Abroad Anymore

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from Sputnik News:

US President Donald Trump said that the United States will no longer use its armed forces to build democracy in other parts of the world.

WASHINGTON (Sputnik) — The United States will no longer use its armed forces to build democracy in other parts of the world anymore, US President Donald Trump said Monday.

“We will no longer use American military in order to construct democracies in faraway lands or try to rebuild other countries in our own image. Those days are now over. Instead we will work with allies and partners to protect our shared interests,” Trump said during a press conference in Fort Myer in Arlington, Virginia, presenting a new integrated strategy for the US approach to South Asia.

According to Trump, the United States will cooperate with Afghanistan as long as Kabul seeks to progress, however this assistance will not be endless.

“We are not nation building again. We are killing terrorists,” the president stressed.

Afghanistan has long experienced significant political, social and security-related instability, as terrorist organizations, including the IS and the Taliban radical movement (banned in Russia) continue to stage attacks against civilian and military targets.

The United States and its allies launched a military operation in Afghanistan in 2001 following 9/11 terror attacks. The mission in Afghanistan ended on December 28, 2014. On January 1, 2015, NATO announced its new mission in the country, called Resolute Support, to train and assist the Afghan security forces.

Read More @ SputnikNews.com

The Color Revolution Is Coming Home to America

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by Rob Slane, Russia Insider:

US is being prepared for a colored revolution. There’s no call to topple Trump yet but all conditions are being prepared for such a call

When I watched the following video for the first time, one word kept on flitting it’s way in and out of my mind: Demented. 

Judge for yourselves:

There they are shouting and spitting and kicking at a statue. A statue! As they do so, no doubt they’re congratulating themselves on their goodness, tolerance and liberal values, not to mention their enlightened views. Is this Monty Python? It’s almost comedic, until it hits you that the line between people doing this to a statue and doing it to a living person runs much closer than we might like to think

“You want a vision of the future,” wrote Orwell, “imagine a boot stamping on a human face — forever.”

I could sort of understand how Jews, for instance, after being liberated from a concentration camp, and upon seeing a statue of Hitler, might tear it down and spit on it. There would be a sort of sense in that. But the people in these videos? What did that unknown confederate soldier ever do to them to make them so enraged? Did he torture them? Did he kill their families? Did he lock them in concentration camps or gulags and work them to exhaustion? As far as I can tell he did none of those things, but the deranged mob went for him anyway.

So what did he do to them to make them act in this deranged way? Simple. He made them feel really good about themselves. Because he represents the South, and because the mob think that the Civil War was fought over the issue of slavery (er, no), they get to feel morally superior to him. He is bad, and because they have the “right” opinion about him, they are automatically good. The more kicking and screaming and spitting and hollering they do towards this image of badness, the more their own innate goodness shines through. So goes the thinking, if you can call it that.

Perhaps you’re of the opinion that these statues should come down. Okay, that may well be a reasonable viewpoint. But the problem with this sort of thing is not whether statues come down, but how they come down. There are three ways it can happen, and only one of them bodes well. The first is that the central government decrees that all such statues be removed. The second is that the mob, latching on to the whiff of revolution in the air, takes it upon itself to remove it, and perhaps adds some kicking the living daylights out of it for good measure. And the third way is that the issue is decided on at a local level, with local people consulted and even given the chance to vote on whether a statue should stay or go.

One of these is practically guaranteed to produce resentment among many. Another of these is practically guaranteed to produce mob rule, and as you ought to be aware, once the mob gets the bit between its teeth, it is very hard to get it to put the brakes on. Statues today, books tomorrow, people and Presidents the day after. Orwell again:

“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”

And the third, whilst not guaranteed to produce peace, at least has the advantage of taking into account the views of local people and the rule of law. In other words, unlike the others it has a chance of producing peaceful resolution, rather than resentment and anarchy.

But what about the white supremacists? What about them? They are evil and stupid, and yet their numbers are (thankfully) such that you need a zero and then a lot more zeros after the decimal point in order to count their percentage. It’s the mob that you want to watch out for. They have been well trained in the art of hating anyone who disagrees with them and calling it love, and of believing that they are life’s perennial victims.

Read More @ Russia-Insider.com

Is It Significant That The USS John S. McCain Was Damaged In A Collision On The Same Day As The Solar Eclipse?

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by Michael Snyder, The Economic Collapse Blog:

Could it be possible that it wasn’t just a “coincidence” that a naval vessel named the USS “John S. McCain” was severely damaged on the exact same day as “the Great American Eclipse”.  I have previously written about how solar eclipses have long been believed to be warnings that judgment is coming upon a nation, and this eclipse was the first in all of U.S. history to only be seen within the borders of our own country.  Tens of millions of Americans looked up into the sky to watch this eclipse take place, but it certainly wasn’t the only historic event to happen on Monday.  When a 600 foot long oil tanker rammed into the USS John S. McCain, according to local time it was already August 21st.  Many are wondering if these two events could be related somehow.

Of all the members of Congress, Senator John McCain has long been considered the most outspoken advocate for the aggressive use of U.S. military might.

And of all the vessels in the U.S. Navy, it was a ship bearing his name that was involved in this collision.  Of course this warship was not actually named after Senator McCain.  Rather, the destroyer was named after Admiral John S. McCain, Sr. and Admiral John S. McCain Jr.

You see, Senator McCain’s grandfather and father were both high ranking admirals, and that is how we got a destroyer with Senator McCain’s name on it.  If you are not familiar with the accident by now, the following account from the Daily Mail is a pretty good summary…

Ten sailors are missing and five were injured after the USS John S McCain destroyer was involved in a collision with a 600-foot oil tanker in busy Southeast Asian waters on Monday morning.

The collision between the US guided-missile destroyer and merchant vessel Alnic MC occurred east of Singapore at about 5.24am local time.

The McCain suffered ‘significant damage to the hull’ after a hole was torn in the warship beneath the waterline. It led to flooding of crew sleeping areas, machinery and communications rooms.

Could it be possible that the USS John McCain was used as a symbol to warn us that some sort of disastrous war or military incident is coming if we don’t change our ways?

And it is also interesting to note that this warship bearing John McCain’s name was damaged exactly 33 days after Senator McCain’s brain cancer was diagnosed.  The following comes from the Daily Crow

8 days before John McCain’s 81st birthday. It is already 8/21, or the date of the eclipse in the part of the world this took place. This came 33 days after the discovery of John McCain’s brain cancer diagnosis and today is 33 days before Revelation 12 sign.

Also on Monday we learned that after 16 years (8 + 8) in Afghanistan, the U.S. military will be making a renewed commitment to that conflict.  This is already America’s longest war by a wide margin, and there is no end in sight.

I have already shared so many numbers regarding this year in general, and the solar eclipse specifically.  But before we wrap up this article, let me throw just a few more at you.  The following comes from Pastor Mark Biltz

“I do believe we are headed for major judgment, based on scientific and historical data tied to biblical prophecy. In Matthew 24, Jesus discusses His coming as being similar to the days of Noah and Lot. He also ties the generation that will see His coming to the restoration of the nation of Israel.

“The timing is significant. God gave Noah’s generation a 120-year warning. It just so happens this year is the 120th anniversary of the first Zionist Congress held by Theodore Herzel on August 29, 1897. It also just so happens that very day was the first of Elul, and here we have the eclipse happening at the new moon of the month of Elul, beginning the month of repentance! This year is also the 100th anniversary of the Balfour Declaration presented on November 2, 1917, which just so happens to be the very day Noah’s flood rains began! This is also the 70th anniversary of Israel becoming a nation and the 50th anniversary of recapturing Jerusalem!”

To me, it definitely feels like we have reached a “turning point”.  Like the rest of you, I don’t know exactly what is going to happen next, but I have written about the extraordinary confluence of events that are going to happen over a 40 day periodbeginning with the eclipse and ending with Yom Kippur on September 30th.

Read More @ TheEconomicCollapseBlog.com

Report: Probe into Imran Awan Checking Whether Sensitive Govt. Info Sold to Foreign Intelligence

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by Breitbart News:

Paul Sperry at the New York Post gives an update on Imran Awan, the former IT staffer of Rep. Debbie Wasserman Schultz (D-FL). According to Sperry’s sources, Awan and up to four other individuals are being investigated for potentially stealing sensitive information on U.S. lawmakers and selling it to foreign governments. “Some 80 offices were potentially compromised,” he writes.

From the New York Post:

Federal authorities are investigating whether sensitive data was stolen from congressional offices by several Pakistani-American tech staffers and sold to Pakistani or Russian intelligence, knowledgeable sources say.

What started out 16 months ago as a scandal involving the alleged theft of computer equipment from Congress has turned into a national-security investigation involving FBI surveillance of the suspects.

Investigators now suspect that sensitive US government data — possibly including classified information — could have been compromised and may have been sold to hostile foreign governments that could use it to blackmail members of Congress or even put their lives at risk.

“This is a massive, massive scandal,” a senior US official familiar with the widening probe told The Post.

Read More @ Breitbart.com

John Rubino – Disappearing Middle Explains Charlottesville

by Kery Lutz, Financial Survival Network:

John Rubino joined us today. His take is that as the middle class disappears so does the middle point in our political debate, thereby leaving just the extremes. Obviously not a good thing. But attempting to wipeout or forget about our history is not the way to solve our problems. Rather history has proven to be the best teacher and an angry task master. Get ready for those who would attempt to rewrite or obliterate it. COT – Commitment of traders report has turned very bearish towards precious metals. This measure has worked continually over the past 10 years and shows no signs of quitting now. Will it be a down quarter for precious metals?

Click HERE to listen.

Read More @ FinancialSurvivalNetwork.com

Lightening-Fast COT Reversal: Now Fairly Bearish For Gold And Silver

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by John Rubino, Dollar Collapse:

That didn’t take long at all. Just a few weeks after the Commitment of Traders (COT) Reports for gold and silver turned positive – setting off a nice rally in both metals’ prices – this indicator has flipped back to strongly negative.

In gold especially, speculators (always wrong at big turning points) have loaded up on long futures contracts while closing out their short positions. The commercials (always right at big turning points) have done the opposite, closing out long positions and going aggressively short.

In the week ended August 15, the gold speculators and commercials got about 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more long and short, respectively. That’s a big one-week move, and brings the imbalance between good and bad positions to nearly 3-to-1 bearish. The trends in silver, while not as extreme, still point in a bearish direction.

Here’s the action presented graphically, with the silver lines on the top half of the chart representing speculator long positions and the purple bars below indicating commercial shorts. Note the leisurely pace of previous months, and contrast it with the v-shaped move that just took place. Not sure what that means, other than that speculators hoping to ride a longer upswing might be disappointed.

It’s important once again to note that the COT report is not a day-trading tool. Historically it’s been a pretty good indicator of the general trend over the following six or so months. But it has nothing to say about tomorrow or the day after. So it’s irrelevant for stackers and other long-term accumulators. But it is useful for someone who has their eye on a given gold/silver mining stock and is looking for a good entry point – which in this case might be a few months in the future.

Read More @  DollarCollapse.com

Cryptocurrencies: Modern Day Alchemy

by Michael Pento, Market Oracle:

Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money.

Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of new units and to verify the transfer of funds. Cryptocurrencies operate independently of governments and are decentralized.

The most popular cryptocurrency now is Bitcoin. Bitcoin has risen in popularity because, unlike government-backed fiat currencies, it has a finite number of coins–21 million, 15.5 million of which are currently in circulation–and user transactions remain anonymous. Thus, the argument goes, it is superior to the fiat currency system and a viable replacement for precious metals because of the limited supply, anonymity, and independence of central bank authority.

Cryptocurrencies are driven by a technology called Blockchain that allows for the transfer of stocks, bonds, property rights and digital currencies; directly, in real time, and with lower fees, because there is no middleman. The Blockchain technology itself is revolutionary and will make transactions more trusted, transparent and immutable.

While the technology driving cryptocurrencies is very interesting, the “coins” themselves are not equivalent with the Blockchain technology. Cryptocurrencies are simply piggybacking on the blockchain as they masquerade as real money. 

To explain, we must first consider what the properties of genuine money are. First and foremost, money is a store of wealth. For centuries PM’s have been the premiere storage of wealth – they have no challengers in this criterion. In order to be a store of wealth, money must have intrinsic value. In other words, there needs to be a significant cost involved in the production of new money: such as labor, equipment, and energy expended. It costs about $1,000 to extricate an ounce of gold from the ground. Gold simply cannot be produced by decree. {It is crucial to note that while additional Bitcoins must be mined with great expense, the creation of new cryptocurrencies is fairly easy to accomplish.}

Most importantly, money must also be virtually indestructible and extremely rare. Gold and platinum are extremely rare and do not corrode or oxidize. Essentially, they last forever.

However, unlike PM’s, fiat cryptocurrencies lose their utility during a simple power failure or whenever the internet goes down. People who put their faith in cryptocurrencies have to ask themselves how confident they are that there will never be a victim of an Electromagnetic Pulse bomb or a nuclear war that disables all forms of electronic communication. Try bartering for a can of beans with a fried PC.

A more likely scenario is that governments or hackers shut down Bitcoin exchanges. In fact, back in 2014, there was the infamous Mt. Gox hack, in which over 800,000 coins were stolen and almost caused the end of Bitcoin. The owners of cryptocurrencies must hope that governments never shut down the exchanges or websites that enable these electronic transactions. Governments can try to ban gold ownership, but that must be done on a door-to-door basis and is extremely difficult to accomplish. But to place confidence in cryptocurrencies is to put faith that governments cannot control the internet.

Gold and platinum are very rare within the earth’s crust, and the mine supply of these elements increase marginally each year. And the number of elements that are rare and indestructible are known, fixed and miniscule. If scientists routinely discovered new elements by the hundreds that are virtually indestructible and extremely rare, the value of all existing PM’s would become greatly diluted. That dynamic is exactly what is happening with cryptocurrencies.

Both cryptocurrencies and fiat paper money share this same inherent flaw: their supply is theoretically unlimited and can be increased by fiat. Even with this, the money supply of U.S. dollars, as represented by M2, has been increasing at a rate of about 5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} per annum. However, there are currently now over 1,000 digital currencies in existence, up from just a small handful in 2009, and that number is growing by the day.

These currencies are mostly homogeneous and therefore tend to act like a single commodity. Of course, there are some small differences. Ethereum, the second most popular cryptocurrency, offers self-executing agreements coded into the blockchain itself. But the core of the technology—decentralized digital money—is the same throughout the cryptocurrency world. Therefore, a more advanced currency with greater speed and capabilities would greatly reduce the value of all other inferior digital “money”; just as each new digital currency created greatly reduces the value of those already in existence.

The advocates of Bitcoin believe they have the upper hand to gold because it is limited to 21 million units. But what the holders of Bitcoins don’t yet understand is that even though this one cryptocurrency is limited in supply, the universe of commodity-like cryptocurrencies is unlimited.

Because cryptocurrencies are driven by quickly changing technology, you have no idea when your cryptocurrency will become obsolete. Therefore, you can go to sleep believing your wealth is stored in the equivalent of an iPhone and wake up realizing your life savings is parked in an eight-track cassette.

Read More @ MarketOracle.com

NO RAID TODAY AS GOLD RISES BY$5.05 TO $1291.20/SILVER REMAINS FLAT/GLD ADDS ANOTHER 3.85 TONNES TO ITS INVENTORY

by Harvey Organ, Harvey Organ Blog:

RUSSIA ADDS ANOTHER 12.44 TONNES TO ITS OFFICIAL RESERVES/MNUCHIN AGAIN AFFIRMS THE USA WILL RUN OF MONEY BY SEPT 29.2017/TWO COMMENTARIES TONIGHT ESSENTIAL TO READ: 1. JOHN WILLIAMS WITH GREG HUNTER; 2 DAVID STOCKMAN ON CHINA

GOLD: $1291.20  UP $5.05

Silver: $17.02  FLAT

Closing access prices:

Gold $1292.00

silver: $17.02

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: $1290.86 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1285.95

PREMIUM FIRST FIX:  $4.91

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SECOND SHANGHAI GOLD FIX: $1293.21

NY GOLD PRICE AT THE EXACT SAME TIME: $1285.30

Premium of Shanghai 2nd fix/NY:$7.91

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LONDON FIRST GOLD FIX:  5:30 am est  $1287.60

NY PRICING AT THE EXACT SAME TIME: $1287.60 

LONDON SECOND GOLD FIX  10 AM: $1292.90

NY PRICING AT THE EXACT SAME TIME. $1291.90 ????

For comex gold:

AUGUST/

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

TOTAL NOTICES SO FAR: 4581 FOR 458,100 OZ  (14.248 TONNES) 

For silver:

AUGUST

 

 24 NOTICES FILED TODAY FOR

 

120,000  OZ/

Total number of notices filed so far this month: 1075 for 5,375,000 oz

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end

The open interest in gold rose to 506,000 contracts despite gold being down on Friday.  However silver’s OI continues to drop (tonight:188,000) as the bankers are looking over their shoulder at London and witnessing huge shortages of physical metal plus a severe backwardation. We are now entering options expiry week and you know that gold and silver will be whacked until August 31.2017 (a week this Thursday). The crooks will do anything to keep gold below $1300.00 and silver below $17.10

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY A LARGER THAN EXPECTED 981 contracts from 189,812 DOWN to 188,831 with THE TINY FALL IN THE PRICE THAT SILVER UNDERTOOK WITH  FRIDAY’S TRADING (DOWN 4 CENTS) . THE FALL IN OI IS TINY WHEN YOU COMPARE IT TO GOLD (SEE BELOW). THE BANKERS AGAIN PROVIDED THE SHORT PAPER TO INITIATE ANOTHER RAID ON FRIDAY NOON TIME (7TH CONSECUTIVE DAY OF TORMENT). THAT SUCCEEDED IN DRIVING DOWN THE SILVER PRICE TO BELOW $17.00 UPON WHICH THE HFT TRADERS TOOK OVER ACCENTUATING THE FALL. NEWBIE LONGS, REALIZING ANOTHER BARGAIN WAS AT HAND GOBBLED UP WHAT WAS OFFERED.  THE BANKERS ARE STILL LOATHE TO SUPPLY THE PAPER COMPARED TO GOLD. RESULT: A LOWER OI, COUPLED WITH AN OUTSIDE DAY REVERSAL TO THE DOWNSIDE, ENDING IN A TINY LOSS FOR SILVER.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.944 BILLION TO BE EXACT or 135{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 24 NOTICE(S) FOR 120,000OZ OF SILVER

In gold, the open interest ROSE by A MONSTROUS 13,528 DESPITE THE FALL  in price of gold ($0.35 LOSS ON FRIDAY .). The new OI for the gold complex rests at 506,655. A raid was called upon at noon time FRIDAY (once London was officially put to bed) and that drove gold down from its zenith of $1301.00 down to 1286.15 at comex closing. Firstly newbie longs piled into the comex gold complex driving it up to the 1300 dollar area.  Then the bankers initiated their raid upon which the HFT traders accentuated the downfall.  However newbie specs did not liquidate but actually added on to their positions with the lower price. THE BANKERS CONTINUED TO SUPPLY COMEX GOLD WITH RECKLESS ABANDON.

Result: extremely higher OI with no gain in price

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, a big change in gold inventory: a deposit of 3.85 tonnes

Inventory rests tonight: 799.29 tonnes

IN THE LAST 26 TRADING DAYS: GLD SHEDS 37.68 TONNES YET GOLD IS HIGHER BY $58.20 . 

SLV

Today:  WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 334.407 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver FALL BY 981 contracts from 189,812 DOWN TO 188,831 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE TINY FALL IN SILVER PRICE (4 CENTS). SILVER ROSE TO OVER $17.25 BY FRIDAY NOON AND THEN THE BANKERS INITIATED A RAID, ACCENTUATED BY HFT TRADERS. NEWBIE LONGS DID NOT BUCKLE AND KEPT THEIR POSITIONS DESPITE THE RAID. SOME OLD SPEC LONGS SOLD TO NEWBIE SPEC LONGS..COMMERCIALS STILL LOATHE TO SUPPLY THE PAPER.   RESULT: SLIGHTER LOWER PRICE WITH A SLIGHT LOSS IN OI .(COMPARED TO GOLD)

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 18.18 POINTS OR 0.56{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 107.11 POINTS OR 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} The Nikkei closed DOWN 77.28 POINTS OR 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.32{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6719/Oil UP to 48.59 dollars per barrel for WTI and 52.66 for Brent. Stocks in Europe OPENED MIXED , Offshore yuan trades  6.6803 yuan to the dollar vs 6.6722 for onshore yuan. NOW THE OFFSHORE IS WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS STRONG TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY

Read More @ HarveyOrganBlog.com

You stand a higher chance of being crushed by a vending machine.

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by Simon Black, Sovereign Man:

There’s something I’ve always found mesmerizing about watching animals in the wild.

They have the most incredible instincts, honed from countless generations of survival against constant threats.

Animals have a keen sense of danger. They know immediately when something doesn’t feel right, and they act on it without hesitation.

I saw an incredible example of this last year when I was visiting a remote wildlife reservation in Zimbabwe.

It was late in the afternoon on a hot summer day, and my friends and I were ensconced in a hidden observation bunker situated on the edge of a water hole.

The animals all began to arrive, one species at a time, to cool off before nightfall. First the elephants. Then Rhinos. Zebras. Giraffes. Baboons.

It was a playful mood; all the animals seemed to be enjoying the water, when without warning, there was a stillness. The gazelles froze. The zebras’ ears perked.

Something wasn’t right. A smell. A sound. Something.

So they got the hell out of there.

We found out later that a ravenous pack of hyenas was on the prowl nearby, so the animals’ instincts were spot-on.

Deep, deeeep down, human beings have the same highly refined instincts.

Our long-lost ancestors struggled against every imaginable danger. And those lessons are hard-coded in our DNA.

We sense threats. We can feel it when something’s wrong.

The difference between our species and animals in the wild, though, is that we humans have way too many external influences that muck it all up.

Case in point: last week was obviously a tough one for anyone with any sense of humanity.

Acts of terrorism are scary.

And hearing about completely innocent people on a popular pedestrian promenade getting mowed down like bowling pins by some madman is definitely going to cause some discomfort.

But down here in Latin America at least, there was ensuring wall-to-wall news coverage for the next several days in a way I hadn’t seen since 9/11.

It’s all we saw. Terrorism. Terrorism. Terrorism.

This really amps up the fear factor for something that is already difficult to stomach.

So it’s easy to understand why I keep hearing people say things like, “We’re living through the most dangerous times in human history.”

It’s easy to lose perspective. But on the balance we have it pretty good.

13th century Europeans faced a far greater threat with the approaching Mongol hoard.

A century later they faced an even more terrible fate with the onset of the Bubonic Plague, which ultimately wiped out around 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Europe’s population.

Even in more recent times, the threat of nuclear annihilation between East and West posed a constant threat.

Yes, acts of terrorism are appalling. But taken in historical and mathematical context the danger is actually quite low.

The Cato Institute published some data recently showing that the chances of dying in a terror attack are around 1 in 3 million.

Statistically speaking, you have a better chance of being crushed to death by a vending machine.

But we don’t demand that our governments spend hundreds of billions of dollars that taxpayers cannot possibly afford in order to protect us from vending machines.

That’s because deep down we sense that vending machines don’t truly pose a threat.

But with terrorism our senses are heavily manipulated until we believe that the threat is far greater than what the statistics show.

The real irony is that the manipulation works both ways.

Just as we are manipulated into being terrified of certain risks that pose no real statistical threat, we are manipulated into ignoring other risks that are far more likely.

I would raise financial markets as an obvious example.

Read More @ SovereignMan.com

Monday Outlook: Gold & Silver Poised to Break-out or Die Trying

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from SilverDoctors:

We don’t need another gold & silver break-out fake-out, so watch these indicators going into the week…

Before getting into anything else, let’s start by saying we need improving morale. The last two weeks we have been otherwise hopeful on the price action of gold and silver, so we don’t need our morale or hope crushed right now. Let’s hope to consolidate from here, and if we end the week above $1300 gold and $17.50 silver, that would give us the “we got this” morale boost that is so badly needed.

The difficulty will be in actually consolidating, especially in silver. There has been little to no consolidation all year. The precious metals are either moving up, or they are dropping. Mostly dropping. Before we get into the charts, there is, however, some rough fundamental waters are ahead of us down river, and we know darn well that when we get to them, the market manipulators makers will want to start rocking the boat so that gold & silver tumble overboard.

This week is the Fed Jackson Hole meeting. Specifically it is the 24th, 25th, and 26th. Which means the Fed will have follow-through and a chance to do a little weekend jawboning if their the manipulation markets don not finish the week as they have planned or anticipated.  Of interesting to note, ECB President Mario Draghi will attend this year’s event which is called “Fostering a Dynamic Global Economy”. There are so many things wrong with that name, but suffice to say the Fed is proud to use a US National Park to discus manipulating the liquidity and exchange rates wherever and whenever they are needed at any point around the globe to pump their banking syndicate. Makes you wonder who’s side they are on, but we already knew that. But perhaps, this year, we see that they are not just on the side of the banks, but the side of the banks and not at all fighting for “monetary policy” in the United States. Perhaps Jackson Hole will market will hammer the final nail (after Bannon) in the “America First” stance? Sometimes it seems as if there was never going to be an America First, that it was all for show, but I digress, we’re here to talk about the markets.

Rounding out the technical schedule for the week, it is not very jam packed as far as market moving events.

  • Monday: Chicago Fed National Activity Index
  • Tuesday: House Price Index & Richmond Fed Manufacturing Index
  • Wednesday: MBA Mortgage Applications, New Home Sales, EIA Petroleum Report
  • Thursday: Action Jackson, Jobless Claims, PMI Composite, Existing Home Sales, Fed Balance Sheet, Money Supply, Etc
  • Friday: Action Jackson, Durable Goods, Yellen Morning Speech, Baker-Hughes Rig Count
  • Saturday: Conclusion of Action Jackson (be on the look out for surprise weekend policy announcement)

So fundamentals will be alive and well in the markets this week. As we can see, the “official” fundamental market moving events are many, and this does not even take into consideration the threat of thermo-nuclear war, terrorism and chaos in Europe, racism and violence in the United States, or an increasingly isolated President Trump, whom might be the target of further impeachment talks now that Bannon is out and there really is nobody left who is an “outsider” who could bring fresh, America First views and pressure.

Moving on to the technical, let’s begin with silver. Silver needs to be shown in light of it’s under-performance. On friday, the price of gold put in an intra-day high. But last week, base metal copper and precious metal palladium both had closes at highs for the year. This begs the question, what the heck is going on with silver? Here’s the gap:

Late last year, the three metals were coupled, and this makes sense, because there was election uncertainty, and silver can swing either way in times of increased demand either for monetary use or industrial use. Once the election was over, copper began it’s move in earnest. Palladium began its move too, also based on the fact that palladium is both a precious metal and an industrial metal. Silver, well, without pulling any punches, in my humble opinion, comes down to the fact that out of all the things in the world the US government fears most, it is silver they fear the most.

Sure, there is supporting the dollar, and there is fighting terrorism, domestic extremism spilling over into American streets and worsening international relations, US political turmoil, and the threat of thermo-nuclear war, yet, in light of all the things the that are feared, a rise in the silver price is feared the most. They won’t ever say this, they won’t ever say anything good about silver, but the price action just doesn’t jibe with all the factors, both fundamental and technical. Though maybe that is just the silverbug in me frustrated to be sitting at $17 at the end of summer.

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