Sunday, November 27, 2022

Reserve Currency Issuer Plus Global Pariah = Historic Monetary Reset

by Andy Hoffman, Miles Franklin:
The gold Cartel will eventually collapse – just like all Cartels before it, like the London Gold Pool in 1968, before gold surged from $35/oz to nearly $900/oz a decade later. However, in the meantime, we must continue to fight a monetary battle to the death – which mathematically, must be won by sound money; as, per the immortal theme of Gresham’s Law, good money always chases out bad. Not to mention, Economics 101; as, per last week’s “Precious Metals’ ultimate downside protection,” the mining industry has been so decimated by two decades of price suppression, supply is guaranteed to plunge indefinitely. This, as the terminal, malignant phase of history’s largest, most destructive fiat Ponzi scheme causes global Central bank printing presses to be turned up to “ludicrous speed” (Spaceballs reference).

Silver and the Great Future of Mexico

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by Hugo Salinas Price, Plata:
Your Excellency, Ambassador Edward Malayan; Doctor Vladimir Shamakhov, Director of the Northwest Institute of Management of Russian Presidential Academy, members of the Honorable Diplomatic Corps here present, and esteemed audience:

I am greatly privileged to be with all of your today, here in the Embassy of the Russian Federation in Mexico.

My special thanks for His Excellency, Ambassador Edward Malayan, who has become a very special friend. I thank him for his interest in my ideas regarding a silver coin, and especially for his support for my two visits to his great country, in the course of which I was able to talk with personalities of the Russian Academy of Sciences, the Central Bank of Russia, and the University of Moscow, as well as with various intellectuals and monetary analysts in Moscow and St. Petersburg. Your Excellency, many thanks for your friendship and assistance!

Owning Gold Is the First Step to “Freedom Insurance”

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

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

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

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

A Single Wiretap Intercepted 3 Million Calls Last Year — And It Absolutely Concerns You

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by Claire Bernish, Activist Post:
To carry out a relatively unimpressive drug sting, an unnamed federal agency swept up well over 3 million phone conversations in two months with a lone wiretap order — one of 3,186 such orders issued by federal and state judges in 2016 — evincing an overreach of State authority so egregious, it would behoove the law-abiding and law-breaking, alike, to take note.

“The federal wiretap with the most intercepts occurred during a narcotics investigation in the Middle District of Pennsylvania and resulted in the interception of 3,292,385 cell phone conversations or messages,” states the Wiretap Report 2016.

Waters at Risk? EPA Will Revoke the Clean Waters Act of 1972

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by Julie Fidler, Natural Society:
The U.S. Environmental Protection Agency (EPA), under the direction of the Trump administration, will revoke a rule that gives the agency broad authority over regulating the pollution of tributaries and wetlands that flow into the country’s largest rivers. [1]

EPA Administrator Scott Pruitt told Congress on June 27, 2017, that the agency would “provide clarity” by “withdrawing” the rule, and follow standards set in 2008. Pruitt had previously said he would recuse himself from working on litigation to the rule.

Said Pruitt:

EBay And PayPal Have An ENORMOUS Fraud Enabling Problem

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by Karl Denninger, Market Ticker:
I have recently become aware of an utterly enormous fraud vector problem with both of these related (used to be that PayPal was owned by Ebay) sites.

On every reputable site around the Internet, no matter what it is, when you sign up for an account you have to verify that you own the email address that you give them before they will let you do anything.

That’s true everywhere. It’s true for banks. It’s true for forums like mine, Garmin’s or anyone else’s. It’s true in every instance I’m aware of; you sign up, you get a link in your email, you click the link which is only known to you and then, and only then, can you do anything.

Except with eBAY and PayPal.

Blockchain Isn’t Just for Cryptos Any Longer as Delaware Close to Passing a Bill Allowing for Platform to Trade Stock

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by Kenneth Schortgen, The Daily Economist:
While many investors revel in the speculation that is Bitcoin and the cryptocurrencies, the fact of the matter is the financial system as a whole is salivating over the potential of blockchain technology. And on July 2 this platform just took a major step forward as the legislature for the state Delaware just passed an amendment allowing stocks and other equities to be traded in the future on the blockchain.

Facebook’s Solar Powered Drone has Successful Test Flight: Potential Internet Access to Billions

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by Mish Shedlock, Mish Talk:
Four billion people on the earth have no internet access. That will change if Facebook founder Mark Zuckerberg’s solar powered drone plan works.

A previous trial of his drone ended with a crash landing, but a May 2017 Test of the Aquila Drone was a huge success.

Facebook founder Mark Zuckerberg’s long-term plan for the drone, called Aquila, is to have it and others provide internet access to 4bn people around the world who are currently in the dark.

RON PAUL: NOT A ‘TOTAL SHOCK’ IF STOCKS PLUMMET 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} AND GOLD SOARS 50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} BY OCTOBER

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from InfoWars:
“If our markets are down 25 percent and gold is up 50 percent it wouldn’t be a total shock to me,” said Paul

A painful correction is coming and there’s little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul.

A painful correction is coming and there’s little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul.

Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon as October.