Tuesday, July 7, 2020

The Auto Subprime Bubble is Here

by Tom Lewis, Gold Telegraph:

Used car sales have been up since 2008, and the price of used cars has been reasonable. Low-interest rates have made the purchase of used vehicles very affordable and auto loans easy to get. But economic reality has finally caught up with buyers as subprime loan delinquencies are increasing and expected to become worse.

Thanks to the Federal Reserve’s low-interest-rate policy, consumers have had a car-buying spree, with over $1.1 trillion in auto loans outstanding. As interest rates are rising, consumers are finding it more difficult to pay off old loans, while the number of new loans is down significantly.

Market Report: Gold back up above $1300 on strong technicals

by Alasdair Macleod, GoldMoney:

On Monday, the recent sell-off halted, with gold testing $1282.5, but silver held well above its lows of last week. By early European trade this morning (Friday), gold was up a net $23 at $1305 from last Friday’s close, and silver up 25 cents at $16.67.

The background was continuing dollar strength, notably reflected in gold price strength in euros and sterling relative to dollars, as shown in the next chart.

The Depression Playbook

by Doug Casey, International Man:

A crash is coming, and it may be terrific…The vicious circle will get in full swing and the result will be a serious business depression. There may be a stampede for selling which will exceed anything that the Stock Exchange has ever witnessed…Wise are those investors who now get out of debt.

— Roger Babson, September, 1929

In the run-up to the 1929 crash, which heralded in the Great Depression, many pundits claimed that the new highs in the market signified that the business cycle had been “repealed.”

Families of MK Ultra Victims File Lawsuit Over Government Mind Control Experiments

by John Vibes, Activist Post:

Most of the government mind control programs that exist are kept secret, but over the years there is one that managed to draw the attention of the public. That program was a government project called “MK Ultra,” a CIA operation that involved extreme methods of mind control that were tested on US and Canadian citizens. The projects began in the 1940s and ran until the 1970s when the details of the experiments were exposed because victims began speaking out about the conditions that they were subjected to.

There were 150 “sub-projects” within the MKU program, many involved advanced brainwashing techniques using psychological drugs, sensory deprivation and electroshock therapy.

Russian Born Money Manager Endorses LOOMIS Gold Silver Storage

from Silver Doctors:

“To achieve long term bullion depository success, one must understand the risks one assumes with…”

Always nice to have one’s own confirmation bias validated, especially with critical matters like choosing the safest gold silver bullion depository service for upper middle class and higher net worth gold silver bullion owners. Yesterday was indeed one of those examples.

Russian born money manager, Simon Mikhailovich, in Real Vision’s free 20/20 newsletter confirmed what we have indeed stated in multiple medias and within educational sections of our new website (e.g. 1, 2, 3).

For your eyes only: A short history of Democrat-spy collusion

by Roger Kimball, The Burning Platform:

Who what where when why? The desiderata school teachers drill into their charges trying to master effective writing skills apply also in the effort to understand that byzantine drama known to the world as the Trump-Russia-collusion investigation.

Let’s start with “when.” When did it start? We know that the FBI opened its official investigation on 31 July 2016. An obscure, low-level volunteer to the Trump campaign called Carter Page was front and centre then. He’d been the FBI’s radar for a long time. Years before, it was known, the Russians had made some overtures to him but 1) they concluded that he was an “idiot” not worth recruiting and 2) he had actually aided the FBI in prosecuting at least two Russian spies.

Homesteading or Prepping with Very Little Money- Part 2

by M.C., Survival Blog:

Now that you have begun your prepping with very little money to buy the basic survival rations, let’s make your food a little more varied and palatable. You may be surprised how you can do this.

Edible Weeds
Go to the library and find a book on the edible weeds in your area. Collect them, and dry them. You can use a window screen to dry them on, after spraying it with water to remove dust and debris and allowing it to dry. Those dried weeds will add flavor and nutrition to your meals. Some, like Lambs Quarters which grows almost everywhere, are absolutely delicious and in pretty much unlimited quantities every year. To a couple cups of boiling water, you could add some dried “weeds”, a handful of rice, and some salt (or any other seasoning you have), and you have soup.

Austria’s New Coalition Betrays on CETA Trade Agreement

by F. William Engdahl, New Eastern Outlook:

US President Trump told the world his government rejects negotiations on the highly controversial TTIP (Trans-Atlantic Trade and Investment Partnership). Citizen groups and EU opponents of the Obama comprehensive trade agreement breathed a sigh of relief. Too little attention has been given to the agreement reached between Canada and CETA, the Comprehensive Economic and Trade Agreement (German: Umfassendes Wirtschafts- und Handelsabkommen), sometimes called the Canada-EU Trade Agreement. Secretly and behind any public open discussion, the largest global multinational corporations are moving the world closer to a top-down corporate dictatorship, a 21st Century version of Mussolini’s Corporativism. A major potential roadblock to CETA approval has now fallen in Austria under a new populist coalition government of Sebastian Kurz.

Two helicopter snipers were deployed on the night of the 1 October massacre, police records show

by Shepard Ambellas, Intellihub:

A newly released officer report from the night of the 1 October massacre reveal a police helicopter and snipers were deployed to counter the attack and neutralize the threat

Las Vegas Metropolitan Police Department Officer K. Delzer helped to deploy LVMPD’s tactical helicopter unit (Air 5), along with a pilot (Officer Bryan Woolard P7558), and two highly-trained police snipers armed with high-output belt-fed rifles for their gut-wrenching mission in which they were ordered to stop the 1 October attack.

Official police records show, Officer Delzer arrived at the parking lot of the Harley Davidson dealership located at 5191 S. Las Vegas Blvd. around 10:40 p.m. where he assisted in the aerial deployment of two heavily-armed, heavily-trained, snipers, along with a courageous pilot into what appeared to be an urban war zone at the time.

“Peace Negotiator” Mike Pompeo: There is a CIA Plot to Assassinate Kim Jong-un?

by Prof Michel Chossudovsky, Global Research:

n May of last year, the DPRK accused both the CIA (headed by Mike Pompeo) and the ROK’s National Intelligence Service (NIS) of “a failed plot to assassinate its leader Kim Jong-un with a biochemical bomb at a military parade in Pyongyang.”

Neither the CIA nor the White House responded to these accusations.

While press reports acknowledged the CIA’s “long history” of political assassinations, the DPRK’s accusations were casually dismissed.

According to The Guardian (March 5, 2017)

“The CIA has a long history of helping to kill leaders around the world. US intelligence agency has since 1945 succeeded in deposing or killing a string of leaders, but was forced to cut back after a Senate investigation in the 1970s”

ALERT: Poloniex Exchange Rules Change…GET OUT! (Bix Weir)


from RoadtoRoota: