Thursday, March 21, 2019

Landmark study reveals what we always knew; food works better than Big Pharma’s poison

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by Vicki Batts, NaturalNews:

If there’s one thing we all know by now, it’s that food really is medicine. What you put into your body has perhaps the most profound impact on your overall health; there’s little dispute about the negative consequences of a bad diet. But when it comes to the good things a healthy diet can do for you, many people in the field of conventional medicine get a little skeptical. This is, in no small way, due to a lack of education about the true importance of nutrition.

“You are what you eat,” is a saying for a reason, after all.

And yet, when you’re diagnosed with a health problem, diet is often seen as a last resort — if it’s even considered at all. More often than not, prescription pills and other types of medical treatments are the first line of care for any number of health problems. But, as it turns out, many people could do even better on a healthy diet than they could ever imagine with Big Pharma’s drug cocktails.  Who knew?

A study published last year concluded that following a Mediterranean diet yielded better patient outcomes than taking statin drugs. This finding lies in stark contrast to what some other “experts” claim. A recent study published by the American Medical Association purported that an additional 9 million people in the U.S. ought to be prescribed the drugsas a preventive measure.

Under the American Heart Association and American College of Cardiology guidelines, some 26 million people would need a statin drug prescription. Many people question if thatmany people really need a statin — especially given the fact that there is much reason to believe that millions of people are already being given statins they don’t need.

Certainly, diet modification should be viewed as preferable to putting millions of Americans on drugs? For those concerned about health, the answer is obvious: diet is key. Profit-driven industries like Big Pharma, however, may disagree.

Either way, the landmark seven-year study has got something to prove: diet is better than drugs. In fact, the findings from Professor Giovanni de Gaetano of the Neuromed Institute in Pozzilli, Italy, and his team, showed that heart patients who followed a diet rich in vegetables, nuts, fish and olive oil could cut their risk of a premature death by a staggering 37 percent. Comparatively, heart patients taking statin drugs showcased a modest 18 percent reduction in risk of early death.

“Of course, doctors will continue to prescribe drugs such as statins but we can’t look at drugs as the only way of [saving lives],” Professor de Gaetano commented.

Diet has been intimated as a way to reduce disease risk and has even been shown to help reverse or mitigate the effects of many deleterious conditions. For example, another recent study found that diet and exercise were more effective at preventing the development of diabetes in high-risk populations than early administration of metformin — a popular drug for diabetics. And yet, which do you think doctors are more likely to prescribe to their high-risk patients: lifestyle modifications or a drug?

Dr. Aseem Malhotra, a consultant cardiologist at the Lister Hospital in Stevenage is part of a group of doctors in the U.K. who are trying to address this disconnect between medicine and nutrition. He commented, “Doctors need to know about the impact evidence-based lifestyle interventions such as diet can have on chronic conditions. The healing power of diet has been underplayed and, unlike drugs, doesn’t have side-effects. If it was a pill, any company that manufactured it would make billions because the effect is so good.”

It’s great to see that some doctors are waking up to the fact that Big Pharma’s concoctions are not the paragon of medicine they’re purported to be — and that perfectly good (and often better) health solutions can come from what you keep in your fridge.

Read More @ NaturalNews.com

Tragedy of the Speculations – Keith Weiner

by Keith Weiner, Sprott Money:

Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as the replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future.

In fact, it is not.

Why not? To answer, let us start with a look at the incentives offered by bitcoin. We saw a comment this week, which is apropos:

“Crypto is so exciting and stimulating that is actually very hard for me to be interested in/do things unrelated to it lately.”

This sentiment is chilling. It illustrates another way that bitcoin speculation is affecting the real world. Some people are actually producing less. Speculators like him get free money (i.e. the accumulated savings of others, provided as income). Why should they do mundane work for wages? The net result is that someone at the margin will have to consume less.

We could dub this the “tragedy of the speculations.”

We don’t prefer to focus on the real or alleged intentions of bitcoin creator Satoshi. We do not call this “unintended consequences” (though we doubt that Satoshi could have foreseen this). Instead, we say that the skyrocketing price creates a perverse incentive. A perverse incentive causes a perverse outcome. If people produce less because speculation is so much more fun (and rewarding), this is a perverse outcome.

A monetary system is supposed to enable greater productivity, not reduce it. A stable interest rate—and hence asset prices—is the principle virtue of a free market in money (i.e. the unadulterated gold standard ).

Bitcoin’s unstable price makes it unusable as money. Merchants may seem to accept bitcoin, but really they just want dollars. Such merchants use a bitcoin exchange to facilitate transactions. The exchange calculates the current amount of bitcoin to net out to the merchant’s dollar price (after the exchange fee). No merchant can hold any significant amount of bitcoin for the same reason no saver can hold his life savings in bitcoin (as opposed to a HODLer holding his speculation).

Suppose a merchant has 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} net margins, after cost of goods sold plus payroll and rent. That’s not bad, by the way, in this falling-interest rate regime. Just look at the increase in breweries in Switzerland, despite the decline in beer drinking . This is surely putting downward pressure on the profit margins of every brewery.

Anyways, suppose a merchant has a 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} profit margin. He keeps a significant amount of capital in bitcoin. In two days, he loses almost 20 percent as the price of bitcoin drops from $5,000 to nearly $4,000 between Saturday 2 Sep and Monday. That could be enough to bankrupt his company.

Business requires predictability. Some things are not predictable such as the weather (which is one reason why farmers use the futures market). However, the value of money is nearly as important as the rule of law itself, and the right of property. If the value of money is subject to big changes, then the ability (and incentives) to invest for the long-term are undermined or destroyed.

Bitcoin’s unstable price also means it cannot be used for borrowing. We have said in past articles that bitcoin is unsuitable for business loans to productive businesses. Only a bitcoin miner could borrow in bitcoin. A reader argued that there are indeed bitcoin lending exchanges. We found one site, but it had a scant two open loan requests—from bitcoin miners.

We came across bitcoin lending on another leading exchange, Bitconnect. This exchange offers a way to do what it calls lending bitcoin . Question #8 in the FAQ reads: “After completion of my lending contract, would I get back USD or BCC?” The answer is “You will receive USD back into your lending wallet.” If you click to read more, there is a page which reiterates the same answer. The first comment and response are interesting (these do not seem to be official responses by the company).

<John Currier> Why in the world would you pay back in USD?? I invested $49 on day one. I bought one bit coin at $.98 each. Are you saying that all I get back is the $.98 a coin in CASH??

<Wes Taylor> Lets say you invest $100 worth of bitconnect coin on day 1. Let’s say at the time, 15 BCC equals $100 witch would mean each coin would be valued at $6.66 each. At the end of the 299 lending term, you would receive 100 USD in your lending wallet. If they gave you 15 coins back at the end of your lending term and the price of each coin went from $6.66 a piece to over $20 a piece you would be getting back $300 plus the interest that you received throughout the 299 day Lending period. That would be unsustainable. The reason why you receive USD is because it’s more stable than the BCC coin. Imagine if you lent out $100,000 worth of BCC and then the coin went down from let’s say $100 a coin to $20 a coin then you would be losing value. Stability is the name of the game.

Mr. Taylor is (we assume) a proponent of bitcoin and a participant in bitcoin lending. He does not seem to be trying to make the case that bitcoin is unsuitable for lending. Yet he did just that.

Getting back to our starting point, above, we see speculation running rampant, to the point where it offers an incentive to stop producing and start partying. We see an unstable price, which mostly goes up in recent months—but which is punctuated by violent drops too. We see it’s useless for lending, except for a niche market to finance hardware purchases by miners.

And finally, we see bitcoin used as a mere conduit for dollar lending, which raises a simple question. Why bother with bitcoin—why call this bitcoin lending—if one is lending $100 worth of bitcoin and getting back $101? That’s just a 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} dollar loan (likely minus some bitcoin exchange fees and/or bid-ask spread).

Bitcoin could not work as money when it was $1. For the same reason, bitcoin did not work as money when it hit $5,000. It will not work as money if it hits $50,000 or if it drops back to $5 (or both).

The same applies to gold. Too often, the opponents of the gold standard trot out the trusty old saw, “there’s not enough gold to have a gold standard today” (presumably because they can’t really say gold caused the crisis of 2008).

And equally often, the defenders of gold take the bait. They say “it’s just a matter of price—maybe we can’t have a gold standard at $1,300 an ounce, but if we divide M1 money supply by the US government’s gold—$3.5 trillion divided by 147.3 million ounces—we get $23,760 an ounce. So, this claim amounts to asserting that at $23,760 an ounce, gold will circulate.

It won’t. It couldn’t.

Read More @ SprottMoney.com

History Shows That America Is on the Verge of Genocide

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by Dave Hodges, The Common Sense Show:

The 20th Century was the bloodiest century in the history of mankind. Tens of milions of people died in world wars and tens of millions of people died by the hand of their government. This begs the question:  “Which is more deadly to its people, death by government or death by war?”  The answer may surprise  threat ofmany.

In order to answer this question, we must first define our terms. There are four terms that researchers must be concerned with when trying to assess the threat of lethality of government to its own people.

” Genocide: among other things, the killing of people by a government because of their indelible group membership (race, ethnicity, religion, language).

Politicide: the murder of any person or people by a government because of their politics or for political purposes.

Mass Murder: the indiscriminate killing of any person or people by a government.

Democide: The murder of any person or people by a government, including genocide, politicide, and mass murder.”

This article is primarily concerned with what we now call Democide or death by government.

20th Century Murders Carried Out by Government

Thomas Jefferson once said that the Second Amendment was necessary , not because we had to worry about invasion from the British or the French, but because the people had more to fear from its government than it did from invading armies. In fact, Jefferson not only said the biggest threat to the welfare and security of its citizens was its own government, but that the people better be armed because they would have to overthrow their government about every 20 years.

Political regimes and/or governments, have brutaly murdered nearly 170,000,000 of their own citizens in the 20th century. This number amounts to 400{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} the number killed in all international and domestic wars and revolutions, put together. Keep in mind that most of the deaths, even in a world war, are still the product of genocide (e.g. Stalin 20 million, Hitler 12 million and Mao an estimated whopping 50-60 million victims of Democide).

When we look at the totality of this statistic, government is unquestionably the biggest threat to its citizens. And a totalitarian government is undoubtedly the most deadly and poses the biggest threat to its people.

Which Form of Government Poses the Most Threat to its Citizens?

In previous studies done on this topic, there can be no doubt that the mot dangerous form of government to its citizens is totalitarian. Conversely, the leate threatening form of government to its people is democratic.

America’s Increasing Totalitarian Government

After 9/11, many Americans were gravely concerned over the fact that we violated the advice of Ben Franklin when he admonished people that if they were “to sacrifice liberty for security, they will not get, nor deserve, either”. Truer words were never spoken. Yet, the people of the United States sat around and did nothing as their government, through the NSA, set up a police state surveillance grid. The people, under the NDAA, could be snatched off of the street without any due process. Since 9/11 we have lost any real guarantee of due process and unreasonable search and seizure. In other words, the Fourth and the Fifth Amendments to the Constitution have been obliterated. And by definition, America lives in a police state with all the intended trappings.

If one were to examine the chart listed above, a person living in a totalitarian regime, is over 4,200{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more likely to be murdered by its own totalitarian government than a person living in a democracy which is defined as a society that exercises real contraints on the power of government.

If we examine the trend curve of the American government, America has moved from a democracy, by definition, to an absolute police state. Please consider the following:

  1. The Patriot Acts 1 & 2 destroyed any semblance of keeping the govenrment from prying into citizens’ private affairs as defined by the now extinct 4th Amendment.
  2. As previously mentioned, the NDAA can snatch innocent civilians off of the street and even murder them without any “legal” consequences.
  3. When you deposited your last check into your bank, you gave them permission, to steal your money because since 2012, the courts have held that when you deposit your money into a bank, the bank owns your money. Civilian asset forfeiture allows the government to seize cash from citizens without due process of law. When an organization such as the IRS can seize your assets without any due process of law for SUSPECTED wrong doing, we, as Americans, must become cognizant of the fact that we live in a police state that is just as repressive as any police state even though mass murder has not YET entered the picture.

Conclusion

When Jefferson wrote that all people were afforded the rights of life, liberty, property and the pursuit of happiness, he thought he was writing an antidote for totalitarian government in America.

Read More @ TheCommonSenseShow.com

Can You Really “Shut Down” a Nuclear Power Plant before a Hurricane?

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by Leonard Hyman and Willian Tilles, Wolf Street:

Soothing words before the storm: “Our nuclear plants are now shut down.”

There are those who believe the answers to life’s most pressing questions can be found in one of two movies: “The Godfather” (part one) or “The Princess Bride.” In the latter movie, think of the Spaniard’s vaguely taunting response: “You keep using that word. I do not think it means what you think it means.”  Which might also be the reply to: “Our nuclear plants are now shut down.”

Right now we are thinking about the Turkey Point and St. Lucie nuclear power stations in South Florida, in the aftermath of hurricane Irma. But we could have been referring to the South Texas Nuclear Project south of Houston, just a week or two earlier.

Those Westinghouse pressurized water reactors have six modes of operation, sort of like gears in a car. The highest level of performance, mode 1 includes power operations all the way up to 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} power. Mode 6, the lowest level of operation, describes a plant in the state of being refueled.

Senior management at NextEra’s utility subsidiary, Florida Power & Light, placed their nuclear reactors in mode 4, “hot shutdown,” as the hurricane advanced towards the plants. (Mode 5 is cold shutdown with far lower internal reactor temperatures.)

In so-called hot shutdown, a nuclear plant has one primary requirement for ongoing safe operation — a reliable supply of electricity (assuming competent staff of course).

Even though nuclear plants produce electricity for the grid, they also require large amounts of electricity to maintain their own operations particularly in this instance for: 1) cooling the fuel in the recently operating nuclear reactor core and 2) cooling the spent fuel pools where used fuel rods are placed after removal from the reactor. These activities are known as residual heat removal.

Let’s get something straight. If the zombie apocalypse occurred tomorrow, really bad things would happen at nuclear plants. And perhaps in the surrounding area of say a few thousand square miles. But what would not happen is a nuclear explosion.

This is not to deny the potential for explosion. But a hydrogen explosion, a steam explosion and a nuclear bomb type explosion are three very different things. Only the first two have been experienced at commercial nuclear plants. Fukushima Daichi was an unfortunate case of the former (Three Mile Island may have come close) while Chernobyl experienced the latter.

Nuclear plants, thus, need considerable amounts of electricity to maintain safe operations around both the reactor and spent fuel pool. Most of the time, the power comes from another electric generating station nearby.

But when a hurricane knocks down the electric transmission lines, nuclear power plants rely on large, on-site diesel engines to provide electricity for continued operation.

During Hurricane Andrew, a category 4 hurricane which passed over the Turkey Point nuclear power station about twenty five years ago, all the units lost offsite power and relied solely on electricity from diesel generators for more than five days — until electrical connection with the grid was restored. Some variant of this scenario could be occurring, as we write.

Read More @ WolfStreet.com

Watch As Amazon Deletes Hundreds Of One-Star Reviews Of Hillary Clinton’s New Book

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from ZeroHedge:

In what many have dubbed a flagrant intervention by Amazon itself to seemingly boost the rating of Hillary Clinton’s new book “What Happened“, the Telegraph first reported, and subsequently many others observed first hand, that Amazon has been monitoring and deleting 1-star reviews of Hillary Clinton’s new book “which was greeted with a torrent of criticism on the day it was released.”

Reviews of What Happened have been mixed, with some accusing Clinton of using it as an opportunity to blame others – such as former FBI head James Comey, Bernie Sanders, Vladimir Putin, social media and pretty much everything else – for her failure, rather than herself. Even The New York Times, which supported Clinton’s campaign, wrote that the book is “a score-settling jubilee”.

What is fascinating, is how few one-star reviews have remained on the website amid reports and screengrabs showing that reviewers used the space to criticise the former First Lady. One 1-star review, which remained on the website earlier today, read: “Read all the promotional excerpts, which combined come close to book length – pretty good novel. It is fiction, isn’t it? Surely, someone is playing a joke.” Another wrote “Picked this book up at Wal-Mart out of sheer morbid curiosity. Returned it, claiming I bought the wrong book”

While this is not the first time Amazon has intervened to “adjust” the ratings of its products – in November negative comments under a book by anti-Trump broadcaster Megyn Kelly appeared to be removed by the retailer – it has rarely “adjusted” reviews of such a prominent product so publicly.

Speaking to Fortune, an Amazon spokesperson said: “In the case of a memoir, the subject of the book is the author and their views. It’s not our role to decide what a customer would view as helpful or unhelpful in making their decision. We do however have mechanisms in place to ensure that the voices of many do not drown out the voices of a few and we remove customer reviews that violate our community guidelines.”

And for those who find such intervention hard to believe, here is what Amazon’s intervention looks like chronologically on Wednesday.

First, courtesy of the way back machine, here is the rating breakdown as of 10:31am:

… and what it looks like right now: over 97{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the reviews are now 5 star, with over 1,000 reviews deleted. As of 5:30pm, of the 445 total review, 438 reviews were positive, and 7 (as of 5:30pm_ were critical. The latter number inexplicably keeps doing down.

To be sure, one can claim that neither the 1-star nor the 5-star reviews are legitimate, and were merely a partisan effort seeking to amass an either extremely negative or positive view of Clinton’s book, however Amazon’s decision to engage in a wholesale deletion of what appears to be uniformly low ratings will likely raise at least a few eyebrows.

Read More @ ZeroHedge.com

ANOTHER RAID WITH GOLD DOWN $4.20 AND SILVER DOWN 4 CENTS ON NEWS OF TRUMP’S SUPPOSED TAX REFORM COMING ON SEPT 25

from Harvey Organ, Harvey Organ Blog:

USA THREATENS CHINA WITH REMOVAL OF THE SWIFT PAYMENT SYSTEM IF THEY DO NOT BACK THE USA WISHES WITH RESPECT TO NORTH KOREA/TURKEY TURNS TO RUSSIA AS IT PURCHASES MISSILES FROM THEM/EX UBS TRADER ARRESTED IN THE USA FOR RIGGING GOLD AND SILVER

GOLD: $1324.40 DOWN   $4.20

Silver: $17.79  DOWN 4 CENT(S)

Closing access prices:

Gold $1323.20

silver: $17.78

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: $1336.44 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1332.55

PREMIUM FIRST FIX:  $3.89

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1334.59

NY GOLD PRICE AT THE EXACT SAME TIME: $1331.55

Premium of Shanghai 2nd fix/NY:$3.04

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1332.25

NY PRICING AT THE EXACT SAME TIME: $1332.20

LONDON SECOND GOLD FIX  10 AM: $1327.55

NY PRICING AT THE EXACT SAME TIME. 1328.65

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 3 NOTICE(S) FOR  300  OZ.

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ  (0.1679 TONNES)

For silver:

SEPTEMBER

 

 264 NOTICES FILED TODAY FOR

 

1,320,000  OZ/

Total number of notices filed so far this month: 4,898 for 24,490,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A RATHER LARGE 1031 contracts from  187,176 DOWN TO 188,207 DESPITE THE  DROP IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 1 CENT(S). WE HAVE NOW HAD THREE DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST HARDLY BUDGES.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS.

RESULT: A STEADY RISE IN OI COMEX  DESPITE THE 1 CENT PRICE LOSS. 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.941 BILLION TO BE EXACT or 134{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 264 NOTICE(S) FOR 1,320,000OZ OF SILVER

In gold, the open interest ROSE BY A MONSTROUS 6,487 CONTRACTS DESPITE THE  LOSS  in price of gold ($2.95 LOSS YESTERDAY). The new OI for the gold complex rests at 580,606. NO WONDER THAT WE ANOTHER FLASH CRASH AND ANOTHER DAY OF TORMENT FROM THE BANKERS. 

 

Result: A LARGE INCREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD ($2.95). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER.  NO DOUBT THAT ANOTHER FLASH CRASH WAS ORCHESTRATED TODAY DUE TO THE HUGE RISE IN OPEN INTEREST IN GOLD AND THE STEADY RISE IN OI IN SILVER

we had: 3 notice(s) filed upon for 300 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

Tonight , we had a huge change in gold inventory last night: a huge addition of 4.14 tonnes of gold.

Inventory rests tonight: 838.64 tonnes

SLV

Today: no change in inventory.

INVENTORY RESTS AT 327.088 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver ROSE BY A STEADY  1031 contracts from 187,176  UP TO 188,207(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE YESTERDAY’S 1 CENT LOSS IN TRADING. OUR LONGS ARE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS.

RESULT:  A  STEADY RISE IN OI  AT THE COMEX  DESPITE THE LARGE  FALL IN PRICE OF 1 CENTS. NO DOUBT THE RAID WAS CALLED UPON BY OUR BANKERS WHEN THEY SAW BOTH GOLD AND SILVER OI ROSE YESTERDAY.

(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 TUESDAY night/WEDNESDAY morning: Shanghai closed UP 4.65 POINTS OR 0.14{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED DOWN 78.16 POINTS OR 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed UP 89.20 POINTS OR 0.45{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.04{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.5333/Oil DOWN to 48.60 dollars per barrel for WTI and 54.55 for Brent. Stocks in Europe OPENED GREEN EXCEPT LONDON. Offshore yuan trades  6.5352 yuan to the dollar vs 6.5333 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A LITTLE STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS VERY HAPPY TODAY

Read More @ HarveyOrganBlog.com

Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is Catching Fire Among Grassroots Democrats

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by Michael Snyder, The Economic Collapse Blog:

Should you get free money from the U.S. government every month simply for being alive?  That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election.  At this point, 40 percent of all Americans already “prefer socialism to capitalism”, and the concept of a “universal basic income” is starting to catch fire among grassroots Democrats.  Many liberals are convinced that the time has come to fight for the right to “a minimum standard of living”, and one study by a “left-leaning” group found that giving every adult in the country $1,000 each month would increase the size of the U.S. economy by more than 2 trillion dollars

Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.

The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College’s Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.

What an incredible idea, eh?

All we have to do is give out free stuff and the economy grows like magic.  And the study also discovered that the larger the universal basic income is, the more the economy would grow.

So why not make it $10,000 a month for everyone?

Well, it turns out that there is a catch.  According to the study, the economy only grows if the universal basic income is funded by deficit spending.  If we have to raise taxes to pay for it, there is no positive benefit to the economy at all

These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds.

Oh.

What a bummer.

Getting free stuff from the government always sounds like a great idea until you realize that we are going to end up paying for it one way or another.

Unfortunately, that little detail isn’t stopping potential Democratic presidential candidates such as Mark Zuckerberg from “exploring” the idea.  And actually, it is being reported that Hillary Clinton almost made a “universal basic income” part of her platform in 2016

In her new book “What Happened,” and in a recent subsequent interview with Vox Editor-in-Chief Ezra Klein, Clinton explains how she seriously considered including a version of universal basic income — a radical solution to poverty, currently being tested in cities and countries around the world — as one of her platforms in the 2016 US presidential election.

The platform would have been called “Alaska for America,” in homage to the state’s Permanent Dividend Fund. Every year since 1982, Alaskans have received a yearly check — typically ranging from $1,000 to $2,000 — as a kickback from the pot of money that has been set aside in case oil reserves dry up.

If the left is ever able to get this implemented, do you think that we will ever be able to take it away?

Over time, government just keeps getting bigger and bigger and so does our national debt.  In fact, we just hit a major milestone in that regard.  According to CNS News, we just surpassed the 20 trillion dollar mark for the first time ever…

The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day–following President Donald Trump’s signing of a spending-and-debt-limit deal that will fund the government through Dec. 8.

If the left wants a “universal basic income”, they are going to have to get the money from somewhere.  Our budget deficit is already larger “than the entire GDP of Argentina”, and hard working Americans are already being taxed to death.

The truth is that the money simply isn’t there.  As it is, we need to dramatically cut back our borrowing because the path that we are currently on leads to national suicide.  Just consider the following numbers

Here’s the problem: the national debt is growing MUCH faster than the US economy. In Fiscal Year 2016, for example, the debt grew by 7.84{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Yet even when including the ‘benefits’ of inflation, the US economy only grew by 2.4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} over the same period.

Read More @ TheEconomicCollapseBlog.com

Overnight Strength In Gold & Silver: Cartel in BIG TROUBLE

from SilverDoctors:

SD Midweek Update: This is not what the cartel ordered. If Monday and Tuesday were all the cartel could muster, gold & silver are looking poised to rally in price to close the week…

Silver had strength to start the overnight session, and then again throughout the night:

This is pretty much where we would want silver to be. All things considered, the strong-arming of the markets looks to be waning. There is, after all, only so much hurricane. Hurricanes are regional events, and while the costs to rebuild will surely climb, it’s not like hurricanes offer the continued threat of Thermo-nuclear Armageddon, which seems to come front-and-center every few days now.

And so silver is looking healthy here for several reasons:

We know that silver is going to have a little trouble at $18.25. Sure enough, the two day tap-and-bounce followed by a dip is very bullish. Everything is set up for the move to the upside. Higher-lows, not screaming “overbought”, and the need for silver to catch-up to gold are all signaling that it is silver in control of the price action and not the central banks. What the silver price really need to accomplish is a commanding break-out above $18.50. Until that happens, the three-way divide between the skeptics, the bears and the bulls will remain as wide as ever.

Gold saw the same strength overnight as well:

Looking at the daily, we also see the healthy pullback in the yellow metal. There is also a bonus:

Read More @ SilverDoctors.com

The US Surpasses $20 Trillion In Debt As Bankruptcy and Hyperinflation Loom Closer

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by Jeff Berwick, The Dollar Vigilante:

The US government finally surpassed the long anticipated $20 trillion national debt mark on Friday the 8th.

Oh, I don’t say “finally” because they had so restricted their expenditures that it was taking longer than expected. That’s far from the case!

In fact, under globalist, Donald “Big Government” Trump, the federal government had its largest deficit month in history in June topping $400 billion for the first time.

The only reason it took this long to hit the big $20 trillion was due to a multitude of accounting tricks in order to put off acknowledging the expenditures until now in order to meet the debt ceiling… which I actually call the debt target, because they hit it every time.

How’s that for a chart? Does that look, in any way, sustainable? The short answer is, NO, OF COURSE NOT.

But, what else would you expect from a government who routinely loses trillions of dollars. Like that time Donald Rumsfeld announced the Pentagram (they call it the Pentagon) was missing $2.3 trillion on September 10th, 2001.

The next day, the accounting department at the Pentagon blew up and no one asked about it again.

Even the US government’s own auditors haven’t been able to audit their books properly for more than 20 years because it was deemed too vast to account for. Yes, too vast! Here’s a pro tip… if you have the largest government in the world, with the highest level of extortion (taxation), highest levels of debt and the most people in concentration camps… you aren’t the “land of the free.”

But now that the US government has admitted to $20 trillion in debt, what does this mean?

Well, first, that isn’t even close to the total debt and liabilities of the US government. When you take into account money already spent on Socialist InSecurity and Medicare, the total amount of debt and liabilities amounts to somewhere between $100 and $220 trillion.

And yes, there is about $100 trillion give or take that is hard to account for!

But, even if the lowest estimate of $100 trillion is used, that is still over $300,000 for every man, woman, and child in the US! Even a baby unlucky enough to be born today in the USSA is saddled with more than a quarter of a million dollars worth of debt.

Many Trump supporters say the exact same thing every President’s supporters say once he is in office… It isn’t his fault… It was the last guy.

To some extent that is true… But, there is absolutely nothing being done to reign in the spending of the US government by Trump. In fact, as I pointed out, it has only increased under his tyrannical regime. Exactly as I said it would.

This is the never-ending game of politics, to keep making things worse and worse and to keep people hoping for a change that never comes as the boot stamps down on their face, forever.

There will NEVER be change until people stop paying their extortion fees (called taxes) and stop obeying the illegitimate authority of government.

Government is nothing but a criminal organization. The only difference between it and the mafia is size.

And the only reason some people haven’t figured this out yet is because they are “taught” as children in the government indoctrination camps, doing their daily Pledge of Obedience and worshipping the flag from the age of five.

The only other way this tyrannical organization can be stopped is if/when it goes completely bankrupt and its fiat scrip, the US dollar, becomes worthless because of hyperinflation.

Because, after all, with $20 trillion in debt, if interest rates were allowed to rise to even 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, that would mean $2 trillion per year in interest payments… which is almost the entire tax/extortion/theft based revenue of the murderous US government.

At that point the dollar will hyperinflate in order to keep the game going for just a few more months. And then, total collapse.

It’s actually been planned for decades and we are nearing the end game right now. In fact, it may begin this month. Stay tuned to this blog (make sure to subscribe to our free email list on our home page to get them emailed directly to you as most social media continues to block our content) as I’ll soon be releasing some information that indicates the total collapse could begin as soon as this month.

Read More @ TheDollarVigilante.com