Saturday, May 25, 2019

The egregious errors of static statistics

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by Alasdair Macleod, GoldMoney:

The measure of a man’s real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to inside the machinery of the state, he or she changes from representing the people to representing the state. Presumably there are honourable exceptions to this rule, but offhand, it’s hard to think of any in contemporary politics.

The failure of the test of a politician’s real character goes much deeper. Once he is embraced by the state, he has at his hands the tools of propaganda and disinformation. He can stoke up nationalism to swing a nation behind him. Some of us will have read Machiavelli’s Prince, that masterwork of the political arts, which instructs a politician how to retain and exploit political power. But very few of us are fully aware of the far darker arts of monetary debasement. It is no longer so crude as reducing the silver content of the denarius or issuing notes without the gold to cover it. No, with the panoply of treasuries, central banks and statistical departments, monetary debasement is subtler today, providing cover for the ultimate fraud committed by the state on its population.

Russia Did It!

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by Chris Martenson, Peak Prosperity:

This past week saw an enormous outpouring of respect and admiration for Stephen Hawking upon his passing.

In contrast to his frail health in life, his contributions to our understanding of the universe were prodigious and robust. Hawking’s elevation of rational and intellectual truth above all else, even his failing body, inspired a generation of science lovers.

Perhaps, too, he represented something in desperately short supply in today’s world: intellectual integrity.

Our lives are now fraught with easily-disproved fantasies, frauds and fictions being pushed to us through the media by institutions with deliberate agendas trying to engineer specific outcomes.

Those of us with a pragmatic mindset and an ability to recall (even quite recent) history, often find ourselves with mouths literally agape at the obvious deceptions being foisted upon what appears to be a terminally-gullible public.

BIGGEST BREAKTHROUGH IN ENERGY: Investor Warning

by Steve St. Angelo, SRSRocco Report:

As the U.S. and global oil industry continue to cannibalize itself just to stay alive, the market is totally clueless because investors are being misled by the fallacy that technology will solve our peak oil crisis. While technology has allowed more oil to make it to the market, it has done so at a very high cost. Unfortunately, a significant percentage of the increased cost to produce this high-tech oil was subsidized by debt from unsuspecting investors.

Hundreds of billions of Dollars were invested in the U.S. Shale Energy Industry by investors who were looking for a higher return on their money than they could receive from banks or other financial institutions. Sadly, most investors will not see the return of their funds as the U.S. Shale Energy Industry isn’t making the profits to pay back this debt.

US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion

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by Wolf Richter, Wolf Street:

These dang trillions are flying by so fast, they’re hard to see.

The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US gross national debt punched through the $21 trillion mark and reached $21.03 trillion.

Here’s the thing: On September 7, 2017, a little over six months ago, just before Congress suspended the debt ceiling, the gross national debt stood at $19.84 trillion.

A TYPICAL FRIDAY GOLD/SILVER RAID BY OUR BANKERS: GOLD DOWN $5.65 TO $1312.35 AND SILVER DOWN ANOTHER 15 CENTS TO $16.28

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by Harvey Organ, Harvey Organ Blog:

SILVER RECORDS A HUGE INCREASE IN COMEX OPEN INTEREST TO READ OVER 208,500 CONTRACTS/ GOLD ALSO RESPONDS TO A HIGHER OI OF 542000 CONTRACTS GAINING OVER 4000 CONTRACTS DESPITE A LOWER PRICE YESTERDAY/ HUGE EFP ISSUANCE FOR BOTH GOLD AND SILVER TODAY/GOOD SWAMP STORIES FOR YOU TODAY

Hypersonic weapons and your standard of living…?

by Bill Holter, Miles Franklin:

Do you believe there is any coincidence the Russians first, followed by the Chinese … announced “hypersonic weapons”? I ask this question for several reasons and will come to a conclusion at the end but for now, with the rollout of the “petro-yuan” set for March 26 is there any coincidence we find out about these weapons now?

We were even offered proof over the weekend of successful tests. If that were not enough, what heck is this? Please take the two minutes to watch the video, these are seasoned Navy pilots who sound like 15 year old boys seeing their first naked woman! The point being, they have never seen ANYTHING even close to this, no one has. What exactly did they see? Was it a UFO? Some sort of alien technology? Or, was it exactly what the Russians and Chinese have claimed?

Russian Nuclear Sub “Quietly” Traveled To US Coastline Undetected

from ZeroHedge:

As Russia weighs retaliating against the UK over its decision to expel a cadre of Russian diplomats after determining that senior Russian leaders (perhaps Putin himself) were responsible for a nerve-gas attack on a former Russian spy, RT revealed that a nuclear-powered submarine recently completed a clandestine exercise that brought it all the way to the US coast.

Nuclear

The stunning revelation was made during a Russian TV program called Zvedzda (Star), the official TV channel of the Russian Defense Ministry.

Flashback Article {Important}: Global Elite taken to GITMO by US Special Forces – Full Disclosure Implications

by Dr. Michael Salla, ExoPolitics:

The internet has been buzzing with rumors that high level VIP members of the Deep State (aka Cabal/Illuminati/Global Elite) are being detained for human rights abuses and corruption, and are being taken by U.S. Special Forces to military prison at Guantanamo Bay Naval Base (Gitmo) as a result of thousands of sealed indictments. Multiple sources have been reporting on some of the key VIP figures taken there.

While these are still only rumors, recent events point to their plausibility. If accurate, these secret investigations, arrests and extractions to Gitmo where they face extended detention and military justice has enormous political implications, and makes possible the release of suppressed information previously withheld by the Deep State.

REVEALED: Obama DOJ Forced FBI To Remove MASSIVE AMOUNT OF FUGITIVES From Background Check Database (VIDEO)

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by Joshua Caplan, The Gateway Pundit:

In a shocking admission, acting FBI deputy director David Bowdich revealed Wednesday that the Obama Justice Department forced the FBI to remove 500,000 fugitives from the National Instant Criminal Background Check System.

Gold Rush: Russia’s Reserves of Precious Metal at All-Time High

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from Russia Insider:

According to new statistics, Russia is currently the sixth-largest gold owner after the United States, Germany, Italy, France, and China.

Russia’s gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014, the Central Bank announced earlier this week.

“Our international reserves increased by $2.9 billion or 0.6 percent in a single week, mainly on the strength of positive re-evaluation,” the regulator explained.

In late-January, President Vladimir Putin said that the country’s gold reserves were looking up and now stood at $442.8 billion.