Wednesday, September 30, 2020

Something May Have Blown Up Already In The Financial System

by Dave Kranzler, Investment Research Dynamics:

The price of gold ran higher eight days in a row before today’s interventionist price smack. Technically, whatever that means, the gold price was likely due for a healthy pullback anyway. The price of gold is responding to what appears to be the Fed’s decision to begin cutting interest rates, though maybe not at the June meeting. Also, the Fed’s Jame Bullard commented that a $3 trillion Fed balance sheet should be considered the “new normal.” This means that close to 75% of the QE program was outright money printing.  Hello Weimar-style printing, so long U.S. dollar…

Developing: Italian Government Roiled After Country Used by Obama Deep State to Spy on Trump Campaign – 2 Intel Chiefs Fired

by Jim Hoft, The Gateway Pundit:

Maltese professor Joseph Mifsud was used to tie George Papadopoulos to Russia by the Mueller team and their mainstream media.  After Mifsud was interviewed by the Mueller team he went missing.  In April he was finally located in Rome next to the US embassy.  It’s time to ask him who he was working for.  It wasn’t Russia.  It was the US.

As we noted in February, candidate Trump’s unpaid volunteer George Papadopoulos was indicted by the Mueller team for lying. We are finding out about the FBI’s involvement in setting him up.

The mainstream media and the FBI, DOJ and Mueller team all wanted to connect President Trump to Russia so they set up Papadopoulos and then claimed that he met with Russians. The only problem is that the Russian was not a Russian – he’s a Maltese professor, Joseph Mifsud.  The entire connections in London were a set up.

Kim Dotcom affair: Why should we care about his possible extradition to the US?

from RT:

The founder of file-sharing service Megaupload, Kim Dotcom, has entered the final appeal battle to try and challenge his extradition to the US, where he faces decades behind bars for copyright infringement charges.

The appeal hearings kicked off in New Zealand’s Supreme Court on Monday. If the appeal fails, it will be up to the country’s interior minister to decide whether to actually greenlight the extradition.

Dotcom has resided in New Zealand since 2010 and the US case against the Megaupload founder has resulted in a lengthy extradition battle. While it was greenlighted in 2015, it has been repeatedly appealed in various courts since then, ultimately getting to the top judiciary.

John R. Lott, PHD – Anti-Second Amendment Presidential Candidates

by Kerry Lutz, Financial Survival Network:

Dr. John R. Lott Jr. returns to the program… Every major democrat candidate is anti-gun and anti-second amendment. Former NYC Mayor Michael Bloomberg has been unrelenting in his war on the right to self-defense. But there’s hope. A case pending before SCOTUS could scrap New York City’s obviously unconstitutional gun control scheme. The limitations are so oppressive, draconian and overbearing that virtually no one can get a concealed weapons permit.

Click HERE to Listen

SILVER PRICE UPDATE: For Silver To Head Higher, This Is A Key Level

by Steve St. Angelo, SRSRocco Report:

Even though the silver price has sold off today, it doesn’t mean the rally that started two weeks ago is over.  While the silver price was down more than 40 cents today, it may be retesting a support level before heading higher.  However, it doesn’t help that it took two weeks for silver to go up more than 70 cents, but then fall 30+ cents today.

Regardless, traders and algorithms follow certain technical price levels.  Thus, the silver price was trading in a falling wedge pattern for the past four months before breaking out of that trend last week. Typically, a falling wedge pattern is bullish. Yes, it sounds counter-intuitive, but falling wedges are more bullish to the price action while rising wedges are bearish.

Was this the Very Minute of Peak-Insanity in IPO Stocks?

by Wolf Richter, Wolf Street:

Those who bet on the most obvious short in the history of mankind got the heads handed to them.

Every stock-market IPO cycle has this minute. And afterwards is all downhill. And I wish I could be the guy who’d correctly pinpoint the very moment when peak-insanity in IPO stocks occurs, down not only to the day, but the very minute, and then bet on it correctly. So maybe I won’t be that guy, given that I’ve been on record for years as to why I’m not shorting anything anymore in this crazy market. But I have a candidate for this pinpoint minute of peak-insanity: Today at 9:59 a.m. Eastern Time.

PEPE ESCOBAR: The Unipolar Moment is Over

by Pepe Escobar, Consortium News:

The Russia-China strategic partnership, consolidated last week in Russia, has thrown U.S. elites into Supreme Paranoia mode, which is holding the whole world hostage.

Something extraordinary began with a short walk in St. Petersburg last Friday.

After a stroll, they took a boat on the Neva River, visited the legendary Aurora cruiser, and dropped in to examine the Renaissance masterpieces at the Hermitage. Cool, calm, collected, all the while it felt like they were mapping the ins and outs of a new, emerging, multipolar world.

Uh… What Did Pompeo Mean When He Vowed To “Push Back” Against Corbyn?

by Caitlin Johnstone, Medium:

An audio recording from a private meeting that was leaked to The Washington Post reportedly features US Secretary of State Mike Pompeo vowing to “push back” against surging British Labour leader Jeremy Corbyn, and many are concerned that what he said sounds an awful lot like a top US official promising to interfere in the UK’s democratic process.

At a closed-door meeting with Jewish leaders earlier this month, one of the attendees asked Pompeo if Corbyn becomes Prime Minister, “would you be willing to work with us to take on actions if life becomes very difficult for Jews in the UK?”

Beware of the Junk Bond (High Yield) Market

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by Pam Martens and Russ Martens, Wall St On Parade:

On Friday markets digested the nonfarm payrolls report from the U.S. Labor Department showing a weak job growth in May of just 75,000. That news adds to a myriad of other economic data, including a slowdown in durable goods orders, that suggest a deceleration of the U.S. economy.

The Atlanta Fed’s closely watched GDPNow indicator is showing a very weak 1.4 percent forecast for the second quarter of this year.