Tuesday, June 22, 2021

The Unspooling

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by James Howard Kunstler, Kunstler:

With spring, things come unstuck; an unspooling has begun. The turnaround at the FBI and Department of Justice has been so swift that even The New York Times has shut up about collusion with Russia — at the same time omitting to report what appears to have been a wholly politicized FBI upper echelon intruding on the 2016 election campaign, and then laboring stealthily to un-do the election result.

The ominous silence enveloping the DOJ the week after Andrew McCabe’s firing — and before the release of the FBI Inspector General’s report — suggests to me that a grand jury is about to convene and indictments are in process, not necessarily from Special Prosecutor Robert Mueller’s office. The evidence already publicly-aired about FBI machinations and interventions on behalf of Hillary Clinton and against Donald Trump looks bad from any angle, and the wonder was that it took so long for anyone at the agency to answer for it.

The Precious Metals Look Good in the Years Ahead

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Contributed by Brad Sebion, MoneyandTrading.com, SGTreport.com:

At the moment gold has no defined trend and silver is in a downtrend. All the markets around the world, with the exception of Egypt, are in uptrends. However, there are a lot of reasons to remain bullish on the metals in the years ahead. 

The dollar is trading at a fourteen month low, currently priced at 93 on the US dollar index. It is no secret President Trump wants a cheap dollar during his presidency. Mario Draghi and the Bank of Japan are taking the same stance. They will keep money cheap and credit plentiful to keep the markets on course. Current fed policy makes it is highly likely the next rate hike in the US will not happen in the months ahead.

Investors should take notice of the gold and silver commitment of trader’s reports. The commercial banks have the lowest short exposure in some time. What are the chances the metals market gets taken down over a holiday, when the volume is low, and the commercial banks are right there getting rid of their short exposure. Very rarely are they wrong. At the end of March you could see the commercials heavily short the metals and a few weeks later the price of gold was capped at $1290 and silver topped out at $18.50. Today the reverse is happening.

Marin Katusa released a gold tweet towards the end of July. Katusa highlighted the continuing lack of discovery of new deposits. The chart he shared on twitter indicated gold discoveries are down 85{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in the past ten years, and gold reserves continue to decrease. Since this is trend remains more buyouts of junior mining companies are imminent. Marin Katusa’s Gold Tweet:

 

I believe in the future, more profits from the crypto currencies are going to be taken and some of that capital will flow into the precious metals. Companies like Euro Pacific Capital accept bitcoin as payment. Once the transaction is completed, bitcoin is converted into us dollars. Financial technology will continue to improve and more companies will transact in cryptocurrencies, even if they oppose the concept.

Corporate bond debt has reached over 45{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of GDP according to Federal Reserve statistics. The same peak levels were reached during the dot com bubble in 2001 and the housing bubble in 2008. Alan Greenspan recently made comments inferring the bond market is where the trouble is. The first sign of bonds rolling over may cause the conservative investor to move in the direction of the precious metals. 

Today commodities are trading at a record low levels compared to the S&P 500 according to the GSCI commodity index. Levels this low have only been reached in the early 1970s and in the late 1990s. John Maynard Keynes was correct is saying “Markets can stay irrational longer than you can stay solvent.  

 

 If one wants to take a position in the metals market, I would advise to watch the gold miners etf (GDX). In February of 2017 a large amount of volume came into the market and moved the price up quickly. This will happen again. Don’t try to catch the falling knife and try to guess where the bottom is, let the big volume and rising sediment tell you when to buy.

To an extent the markets are rigged. That being said, men can only manipulate markets for so long before the market overwhelms them. History bears this out over and over. If you have exposure to the metals market, stay patient. 

Brad Sebion                                                                                                                                       Moneyandtrading.com 

Cord-cutting gets even worse as pay TV sees another quarter of historic declines

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from fastcompany:

This feels a little like déjà vu. The country’s top cable and satellite TV providers just wrapped up another quarter of record subscriber declines as customers flee traditional pay-television distributors in favor of streaming and on-demand services, according to a research note from MoffettNathanson. Combined declines for the second quarter of 2017 came close to a million subscribers, the firm estimates, with Dish Network, DirectTV, and AT&T hit especially hard. As bad as it was, the customer exodus was not as bad as some analysts had predicted, prompting analyst Craig Moffett to ask the question, “Is ‘not as worse’ even a thing?”

“[Y]es, things are getting worse,” Moffett wrote. “But at least in Q2 they got worse more slowly. Less worse. Or, not as worse. Or, well, you get the idea.”

If all this sounds familiar, it’s because three months ago, the industry had just logged its worst quarter in history, losing an estimated 762,000 pay-TV subscribers. This time around, that number has jumped to 941,000 subscribers. Even Comcast, which had been bucking the trend over the last few quarters, ended Q2 with a net loss of 34,000 pay-TV customers.

 

What’s really interesting is to look at the trend over the last two years. Traditional pay-TV providers–that is, if you don’t factor in streaming services–saw combined subscription declines of more than a half-million customers per quarter in five of the last nine consecutive quarters.

Ep. 1520 What Part of This is Hard? – The Dan Bongino Show

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from The Dan Bongino Show:

TRUTH LIVES on at https://sgtreport.tv/

CDC’s Recommendation for Hepatitis B Vaccination in Infants. Are There More Risks Than Benefits?

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from Collective Evolution:

  • The Facts:The CDC’s recommendation for universal hepatitis B vaccination of infants puts most children at unnecessary risk of harm from the vaccine. By Jeremy R. Hammond, Contributing Writer, Children’s Health Defense
  • Reflect On:How much do physicians really know about vaccines?

Parents are told by public health officials and the media that they should vaccinate their children strictly according to the schedule recommended by the US Centers for Disease Control and Prevention (CDC). The CDC’s routine childhood vaccine schedule is based on solid science, we are told, and it is imperative that all parents comply to reduce the societal disease burden. Anyone who dares to criticize or dissent from public vaccine policy is characterized as dangerously ignorant and irrational. A recent New York Times editorial, for example, characterized anyone who does so as “the enemy” and described all vaccines on the CDC’s schedule as “crucial shots”.

President Trump Declares Sept. 3 ‘National Day of Prayer’ for Hurricane Harvey Victims

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from CNS News:

The following proclamation was issued by President Donald J. Trump on Sept. 1, 2017. 

 

President Donald J. Trump Proclaims September 3, 2017, as a National Day of Prayer for the Victims of Hurricane Harvey and for our National Response and Recovery Efforts

NATIONAL DAY OF PRAYER FOR THE VICTIMS OF HURRICANE HARVEY AND FOR OUR NATIONAL RESPONSE AND RECOVERY EFFORTS

 

 

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

 

A PROCLAMATION

 

 

Hurricane Harvey first made landfall as a Category 4 storm near Rockport, Texas, on the evening of August 25, 2017.  The storm has since devastated communities in both Texas and Louisiana, claiming many lives, inflicting countless injuries, destroying or damaging tens of thousands of homes, and causing billions of dollars in damage.  The entire Nation grieves with Texas and Louisiana.  We are deeply grateful for those performing acts of service, and we pray for healing and comfort for those in need.

 

Americans have always come to the aid of their fellow countrymen — friend helping friend, neighbor helping neighbor, and stranger helping stranger — and we vow to do so in response to Hurricane Harvey.  From the beginning of our Nation, Americans have joined together in prayer during times of great need, to ask for God’s blessings and guidance.  This tradition dates to June 12, 1775, when the Continental Congress proclaimed a day of prayer following the Battles of Lexington and Concord, and April 30, 1789, when President George Washington, during the Nation’s first Presidential inauguration, asked Americans to pray for God’s protection and favor.  

Read More @ https://www.cnsnews.com/news/article/cnsnewscom-staff/president-trump-declares-sept-3-national-day-prayer-hurricane-harvey

WAKE UP, JOE!

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from Mark Dice:

TRUTH LIVES on at https://sgtreport.tv/

Ukraine Tapped By Obama Admin To Hurt Trump, Help Clinton And Protect Bidens

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from ZeroHedge:

In January, 2016, the Obama White House summoned Ukrainian authorities to Washington to discuss several ongoing matters under the guise of coordinating “anti-corruption efforts,” reports The Hill‘s John Solomon.

The January 2016 gathering, confirmed by multiple participants and contemporaneous memos, brought some of Ukraine’s top corruption prosecutors and investigators face to face with members of former President Obama’s National Security Council (NSC), FBI, State Department and Department of Justice (DOJ).