Thursday, September 19, 2019

Jeff Berwick – Economic System Collapse Inevitable

from Financial Survival Network

According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell’s novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they’re completely free, when in reality the opposite is becoming more true by the day. Jeff’s prescription is anarcho-capitalism, free trade in the absence of any government. Whether it’s workable or not is anyone’s guess. Regardless, Jeff believes that you need cryptos and gold to help weather the coming storm. Along with a positive mental attitude, because eventually things will get better.

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Debbie Bloyd – Americans Want Denmark’s Negative-Interest Mortgages

from Financial Survival Network

Debbie Bloyd joins the program… Two weeks ago Jyske Bank, Denmark’s third-largest bank, shocked the world by offering mortgages with a negative interest rate. Put simply, the bank would effectively pay customers to borrow money. It’s a bit more complicated than that, however, as borrowers have to pay fees that offset the savings. The news got loads of attention, as people struggled to wrap their heads around being paid for something they are supposed to be purchasing. Consumers around the world wanted in on the action. The weekend following the negative mortgages announcement, Jyske Bank received 80-90 inquiries from Americans who wanted these viral mortgages. It’s all been rather amusing for Jyske Bank and its housing economist Mikkel Høegh, who has had to deal with all the attention. “What I have said to the Americans is that they have to have a Danish property to get such a loan,” Høegh told Yahoo Finance in an email. “Some of the Americans then asked if I could help them buying a property in Denmark. I can’t with that but we can help them with the funding if they get the house.” Jyske Bank has had to do a lot of clarifying; there’s a widespread misconception that the bank is actually paying borrowers to take their money.

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Daily Digest 9/20 – Good News Friday: More Supporting Nonprofit News Sites, UC To Dump Fossil Fuel Investments

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header "Good News Friday." We will save and post weekly. Enjoy!


Report: More people are supporting nonprofit news sites (Sparky1)

Most of her calls a few years ago used to be from journalists looking for work, Cross said. Now she’s hearing from more business people, concerned citizens and even politicians wondering what can be done to support journalism.

While the percentage of overall foundation giving may be going down, the amount of money being put in is still increasing, particularly for supporting journalism on specific issues like the environment and social justice, the report said.

Wearable cyborg uses brainwaves to let people walk again (Sparky1)

When Sorensen heard about the brain wave-controlled exoskeleton, which was developed by Japanese roboticist Yoshiyuki Sankai, she knew she had to give it a try. She was determined to walk at her daughter’s wedding a few months later in December.

But it’s not just those with disabilities or injuries who stand to benefit. By 2050, there will be more than 2 billion people over age 60, according to the World Health Organization (WHO), and exoskeletons could offer a solution to the world’s aging population.

How to see the International Space Station fly over the eastern US this week (Thomas R.)

The ISS will outshine all of the stars and planets in the sky, making it easy to spot. However; it will only be visible for a few minutes, so knowing what time to look is very important.

A Newly Identified Protein May Be the Key to Vanquishing the Common Cold (tmn)

A problem for both approaches is the huge diversity of viral pathogens. For instance, the viral group responsible for at least half of all cases of the common cold—rhinovirus–has at least 160 different types. Developing more than 100 vaccines to cure one illness is obviously not practical, and in any case, other viruses also cause colds. Complicating matters further, many viruses can mutate in ways that make them resistant to drugs or capable of overcoming immunity. All of which is why an important goal in virology is the development of “broad spectrum” antivirals that are effective against many viruses simultaneously.

Faced With Criticism, Trump Administration Reverses Abrupt End to Humanitarian Relief (sv)

On hearing that she had a chance to stay in California, rather than return to Guatemala, where the drug is not available and she cannot receive the required medical care, Ms. Bueso said, “This is amazing. This is great news to wake up to.”

Woman creates custom dolls to match children’s disabilties (Sparky1)

Amy Jandrisevits is bringing smiles to children all over the world from a sewing machine in her dining room. Four years ago, Jandrisevits made a custom doll for a child with an amputated leg.

Pritzker signs new law raising teacher pay minimum to $40,000 (sv)

The current minimum teacher salary ranges from only $9,000 to $11,000. The new law signed by Pritzker Thursday raises the minimum to $32,076 for the 2020-2021 school year, $34,576 in 2021-2022, $37,076 in 2022-2023 and $40,000 in 2023-2024. Afterward, the minimum salary will rise based on the Consumer Price Index, subject to review by the General Assembly.

This med student was given last rites before finding a treatment that saved his life. His method could help millions (Sparky1)

“You learn a lot by almost dying,” he says.

He learned enough to surprise his doctors by coming up with a way to treat his disease. Almost six years later he’s in remission, he and his wife have a baby girl and he’s devoting his medical career to saving other patients like him.

University of California to dump fossil fuel investments (Sparky1)

The 10-campus system has been shedding fossil fuel investments for several years. It previously dumped several hundred million dollars’ worth of investments in coal, tar sands and companies building a Dakota-to-Illinois oil pipeline.

The university, which has seen its investment assets grow to $126.1 billion, hasn’t made any new investments in fossil fuels since 2014, the article said.

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars (Thomas R.)

Hydrogen’s proponents point to how clean it is as an energy source as water and heat are the only byproducts and how it can be made from a number of sources, including methane, coal, water, even garbage. Resource-poor Japan sees hydrogen as a way to greater energy security.

They also argue that driving ranges and refueling times for FCVs are comparable to gasoline cars, whereas EVs require hours to recharge and provide only a few hundred kilometers of range.

Toy company Hasbro to discontinue use of plastic in packaging (sv)

“We know consumers share our commitment to protecting the environment, and we want families to feel good knowing that our packaging will be virtually plastic-free, and our products can be easily recycled through our Toy Recycling Program with TerraCycle,” Hasbro President and COO John Frascotti said.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/18/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

The post Daily Digest 9/20 – Good News Friday: More Supporting Nonprofit News Sites, UC To Dump Fossil Fuel Investments appeared first on Peak Prosperity.

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Edward Karr | We’ve Just Acquired Another High-Potential Nevada Gold Project

from Mining Stock Education

U.S. Gold Corp. (NASDAQ: USAU) is pleased to announce it has closed the acquisition of Orevada Metals, Inc. (“Orevada Metals”) in an all share transaction. Orevada Metals is, a Nevada corporation, wholly owned by a privately held Canadian company (“Orevada”), which has become a new wholly-owned subsidiary of U.S. Gold Corp. Orevada has an option to acquire a 70% interest in the Maggie Creek Project.

The acquisition of Orevada and the option to acquire the Maggie Creek Project, gives U.S. Gold Corp. its second promising exploration project in Nevada, on the Carlin Trend. The Maggie Creek Project is located in the heart of the Carlin Trend, immediately adjacent to Newmont Mining’s (NYSE: NEM) 26-million-ounce Gold Quarry mine. The Project occurs along the northeast projection of the Gold Quarry fault zone, which is an important mineralizing control at the Gold Quarry mine, indicating significant potential to discover Carlin style gold deposits in one of the world’s most sought-after gold districts. The recent discoveries at Carlin (Leeville) and Gold Quarry (Chukar) demonstrate the potential for high-grade deposits at depth – mostly untested at Maggie Creek. Newmont’s Rainbow deposit occurs immediately south of the Maggie Creek project boundary

Edward Karr is an international entrepreneur, the founder of several investment management and investment banking firms based in Geneva, Switzerland and has been active in the natural resource industry for years. Ed has significant experience in serving as a Board member with numerous public companies. Currently, he is the President, CEO and Director of U.S. Gold Corp, a gold exploration and development company.

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Continue Reading at MiningStockEducation.com…


Bill Powers: Greetings and welcome back to Mining Stock Education. I’m Bill Powers, your host, and in today’s episode we are going to be getting an update from one of our sponsors, U.S. Gold Corp. And we’re going to be hearing from Ed Karr, the president, CEO, director and founder of U.S. Gold Corp.. Ed, welcome back to the show and you had a press release out a couple of days ago about an acquisition in Nevada. Please give us an update on that.

Ed Karr: Yeah, certainly will. Great to be back with you Bill, and we really appreciate the ongoing interest in the company and U.S. Gold Corp.. So yeah, it’s an exciting time for us right now. It really is. Here we are mid September, 2019. As you point out, Bill, we just recently announced an acquisition, so we have acquired a company called Orevada Metals. And Orevada has an option on a very, very perspective gold exploration project that’s called Maggie Creek. It is on the Carlin Trend in Nevada. So, right next to Gold Quarry, really, really big mine there. So, looks very, very perspective. This is U.S. Gold Corp., it’s second high potential exploration project in Nevada, and we now have exploration projects on both the Cortez and the Carlin Trend. So, exciting time for us.

Bill Powers: Has this property been drilled thus far?

Ed Karr: It has, yeah. There’s quite a history with Maggie Creek and the Maggie Creek Gold claims. You know, right next to it is Gold Quarry, which is a massive 26 million ounce deposit. So, world class. And with this acquisition, U.S. Gold Corp., we now control approximately three square miles of unpatented mining claims on the Carlin Trend. When you look at at some of the historic drilling, Bill, that has taken place here at Maggie Creek, there’s a total of approximately 241 total historic drill holes. Of those, only 21 holes have drilled about down to a thousand feet and the majority of them, about 184 drill holes were 500 feet or less. And as you and the subscribers, your listeners know, that’s a very common occurrence. The exploration methods 10, 20 years ago were pretty much shallow drilling, shallow holes, and now most geologists are realizing that these deposits can certainly be deeper, and that’s what it really looks like for us the opportunity at Maggie Creek is.

Bill Powers: Your other a flagship property there in Nevada is the Keystone Project, and it was U.S. Gold Corp. that consolidated that and you of course were a key player in that. And now on this 20 square mile project, you are now drilling the first organized, thoroughly thought out drill program. Can you give us an update of what’s going on and the status of this?

Ed Karr: Bill, I’d be happy to. And as you point out, U.S. Gold Corp. is the very first company to completely consolidate the Keystone district. Again, that’s on the Cortez Trend, about 10 miles South of Barrick Gold’s Cortez Hills Complex. Big project, district scale, 650 mining claims, so about 20 square miles there. And we are on our fourth exploration season right now. We’ve done a tremendous amount of work over the last three going on four years. So, we’ve done mapping led by Tom Chapin, he was former Barrick Gold and a very, very senior project geologist and mapper. For three years, Tom mapped the entire project. We’ve done geophysics led by Jim Wright. Multiple gravity surveys for interpretation. A lot of geochemistry led by contract geologists. Brion Theriault has been out on the project picking up rocket chip soil samples. Joe Laravie has created digital maps for us and our project geologists Ken Coleman is out on the project today running the drill program.

So we have drills turning, we have developed real targets over the last four years. The end of last year we received our plan of operations, so from a permitting standpoint we have the entire district open for us to exploration, and we believe, we hope we are very close, Bill, to discovery success. We are quite excited about our 2019 exploration program. We are currently right now on our fifth drill hole, so we’ve completed four. We’re moving to five. As we drill these holes, the core chip samples go to the assay laboratories and we hope to have these assays back sometime, let’s say mid to end of October.

Bill Powers: Are the assay labs a little backed up, perhaps, because of increased drilling in Nevada this year?

Ed Karr: Yeah, good point Bill. You know with the price of gold obviously busting through $1,500, little more focus activity in the sector, there’s certainly been a a flurry of exploration this year. More people drilling, more projects, more excitement. So, the assay labs certainly are busy. They seem to have a good handle on it. We’re hoping we don’t have any major delays, but there is more activity and it’s just indicative of this kind of overall natural resource market heating up.

Bill Powers: So a future drill program at Keystone would be determined after we see the results and the geological team interprets those results?

Ed Karr: That’s exactly it. So once we get these assays back, Ken Coleman in conjunction with the entire team and our outside consultants will look at this, kind of interpret them. Obviously success would be if we drill into a major high-grade feeder zone and we have a good intercept, but if not, we’ll look at the indications. We’ll look at the geology and then we will design our phase two 2019 program which will probably take place late fall

Bill Powers: U.S. Gold Corp. also has the Copper King project in Wyoming. This is a preliminary economic assessment stage project. Last time we talked, you were talking about maximizing and increasing the economics of this study. Could you give us an update on this project please?

Ed Karr: Yeah, that’s exactly right Bill. And so I was out in Wyoming on the project and in Cheyenne in mid-July with Secretary Ryan Zinke. We met with the governor of Wyoming, just still trying to get a lot of political support, a bunch of consultants out there from both mine engineering and permitting, met with the regulators. So, things are going quite well. I will be back in Wyoming next week. So, meeting with a couple of our leading consultants and we have hired now two of the leading guys out there to help us take Copper King from a preliminary economic assessment up to a pre-feasibility study. So that’s being led by a gentleman named Marc LeVier. Marc was the former head of metallurgy at Newmont Mining and another gentleman, Mark Jorgensen. So, they’re going to work with us on a proposal. We’ll be doing some drilling at Copper King for metallurgy. We’ll be looking at the optimal production scenario into this pre-feasibility study, really tightening up a lot of our economics and numbers coming up with a real definitive mine plan, and we’re quite excited about it. We think as we take this project from a PEA to a PFS level, this is just going to give us a lot more confidence in the robustness of the resource and we’ll have that out at some point in 2020. We believe it’s going to create a lot of shareholder value for U.S. Gold Corp..

Bill Powers: Ed, we spoke about three months ago on this show and you laid out your macro thesis for a rising gold price and thus far you’ve been right. As we speak, it’s $1,500 gold, which we haven’t seen in six years. What are your thoughts on the current gold market?

Ed Karr: I think, Bill, we’re in the first inning of a nine inning ball game. I really believe that the party’s just getting started. It’s never going to be straight up nor do we want it to go straight up. It’ll move probably more stair staff will rise with the gold price and then consolidate for a little while. We did bump up to about $1,550, had a pull back here to $1,500, some of the junior exploration stocks had a little run in a pull back. Very, very normal, but I believe this market really has legs. When we look at the geopolitical landscape around the world, the indebtedness of central banks and of Western Europe, the United States, Japan, even China, there is a lot of reasons why institutions and individuals want to be long gold and I think prices are going to head a lot higher in the next couple of years.

Bill Powers: Ed, as we conclude, what are your final thoughts that you’d like to share with investors about U.S. Gold Corp. in Q4 coming up here?

Ed Karr: Yeah. Look Bill, it’s an exciting time for us with this acquisition. We now have two great, great exploration projects in Nevada on two of the most premier, world famous gold trends. Project Keystone on the Cortez Trend, a new project, Maggie Creek on the world famous Carlin Trend. So that gives our potential investors the upside. Copper King in Wyoming, you can really hang your hat on the valuation and our resource there. We’re on the NASDAQ, so a U.S. listed company on a major U.S. exchange with all U.S. projects. Great team, great board, great consultants outside geological team and advisors and we are just pushing forward towards discovery success. I’d say to everyone, continue to watch our news over the next couple weeks. These assay results could be very critical. If we can hit a discovery, this could be a real value creating event for the company. We still have a very tight market cap and share structure and we think we’re in good position to deliver a lot of shareholder value.

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Daily Digest 9/19 – U.S. Says Saudi Oil Site Attack Was ‘Act Of War,’ The Global Expansion of AI Surveillance


FedEx CEO: ‘Whistling past the graveyard’ on the U.S. consumer belies a broader slowdown (Thomas R.)

Smith’s remarks came on the heels of weaker-than-expected results out the gate for FedEx’s first quarter of the 2020 fiscal year. The shipping giant – which derives about one-third of its annual revenue from international sources – missed on both the top and bottom lines, and lowered its full-year adjusted earnings per share guidance in part due to a “weakening global macro environment driven by increasing trade tensions and policy uncertainty.”

U.S. housing starts, building permits scale 12-year high (Sparky1)

Housing starts jumped 12.3% to a seasonally adjusted annual rate of 1.364 million units last month, the highest level since June 2007, the government said. Data for July was revised up to show homebuilding falling to a pace of 1.215 million units, instead of decreasing at a rate of 1.191 million units as previously reported.

The Global Expansion of AI Surveillance (edelinski)

China is a major driver of AI surveillance worldwide. Technology linked to Chinese companies—particularly Huawei, Hikvision, Dahua, and ZTE—supply AI surveillance technology in sixty-three countries, thirty-six of which have signed onto China’s Belt and Road Initiative (BRI). Huawei alone is responsible for providing AI surveillance technology to at least fifty countries worldwide. No other company comes close. The next largest non-Chinese supplier of AI surveillance tech is Japan’s NEC Corporation (fourteen countries).

Worried about a recession? Here’s 5 ways small businesses can weather a downturn (Thomas R.)

So yes, there are some very strong indicators that we are headed into a recession, possibly a severe one, and probably sooner rather than later. Unfortunately, given that we are already in a heated election cycle, the chance that something will be done in Washington to help mitigate the situation is unlikely.

‘This Is Crazy!’: Wall Street Scurries to Protect Itself in Repo Surge (Thomas R.)

Up and down Wall Street, phones lit up Tuesday morning as a crucial market for billions in overnight borrowing suddenly started to dry up. What had begun on Friday, with tremors inside U.S. short-term funding markets, was escalating rapidly.

200,000 people applied for jobs at Amazon in a single week (Thomas R.)

Thousands of job-seekers flocked to one of those employment fairs this week in Arlington County, Virginia, the planned site of one of up to two new U.S. headquarters Amazon is planning to build. And while the company earlier this year bailed from New York City as the site of one of those hubs amid fierce local opposition, attendees at the Virginia event seemed more receptive.

Here’s why regulators are so worried about Facebook’s digital currency (Thomas R.)

It appears to be a running theme from a number of regulators and lawmakers, who worry libra would compete with government currencies. That’s because Facebook is such an influential platform, with more than 2.4 billion monthly active users as of July 2019. And the companies it’s partnering with in a Switzerland-based consortium known as the Libra Association include giants like Uber, Visa and Vodafone.

Millennials have an average of $28,000 in debt—and the biggest source isn’t student loans (Thomas R.)

“One issue that a lot of millennials have is that they have not wanted to sacrifice their lifestyle, even though they have student loans or lower incomes,” Bonneau says. “That has left us in this spot where they’ve accumulated a significant amount of credit card debt.”

That’s especially concerning because it’s important to save for future financial goals, such as buying a home or building a retirement fund, when you’re young and have time to let compound interest grow your money.

Millions of Americans’ Medical Images and Data Are Available on the Internet. Anyone Can Take a Peek. (tmn)

The insecure servers we uncovered add to a growing list of medical records systems that have been compromised in recent years. Unlike some of the more infamous recent security breaches, in which hackers circumvented a company’s cyber defenses, these records were often stored on servers that lacked the security precautions that long ago became standard for businesses and government agencies.

Garments for lease: ‘rental’ apparel brings new wrinkles for retail stores (Thomas R.)

Even fast-fashion stalwart H&M (HMb.ST), with nearly 5,000 stores globally, said in August it would include a limited rental service featuring its premium-priced collection made from recycled fibers in a revamped central Stockholm store.

The services cater to a growing number of people like Batitto who want to purchase just a few items and rent the rest.

Amazon figured out a way for online shoppers to pay in cash (Thomas R.)

“Customers have told us they love the convenience of paying in cash,” Ben Volk, Director, Payments at Amazon, said in a statement Wednesday. “Together with Western Union, we’re able to offer customers more shopping choices, enabling them to pay for their online purchases in a way that is convenient for them.”

The Internet Cloud Has a Dirty Secret (Thomas R.)

“People don’t think about the backend consequences of Netflix streaming,” says Debra Tan, the director of Hong Kong-based nonprofit China Water Risk. “The information and communications technology (ICT) sector is probably one of the most power-hungry sectors going forward.”

Deep Future (James W.)

Imagine if, instead of a few drone attacks, a far bigger attack of Saudi oil facilities occurred and the bulk of Saudi oil supply went off-line for months on end, if not, forever? Could you imagine the economic and geopolitical chaos that would result! In such a scenario you would be wise to stockpile food and other core goods if you haven’t already got your secret supplies sorted.

This is a reminder of how fragile our industrial civilization is to major shocks.

Retiring At The Zero Bound (newsbuoy)

It was in the midst of this strange new environment of increasing economic and political threats within a time of decreasing monetary and fiscal policy efficacy that I happened to choose to take my retirement two years ago. As time has passed over the last two years, it has become clear to me that we will soon be driven (by events) back to the zero bound for interest rates, just as we were 10 years ago.

Full Interview: Edward Snowden On Trump, Privacy, And Threats To Democracy (Sparky1)

On the eve of his memoir ‘Permanent Record’ being published, NSA whistleblower Edward Snowden talked at length from Moscow with MSNBC’s Brian Williams in an exclusive interview. This is their discussion in its entirety, edited down slightly for clarity.

Successful Retirees ‘No Longer Welcomed’: ‘We Didn’t Leave Connecticut … Connecticut Left Us’ (Adam)

Democrat lawmakers, for example, passed a paid family medical leave bill — to be “paid” for by people who work in the private sector. They will be forced to contribute 0.5 percent of their paycheck to a state-run “trust fund” to pay for workers to take up to 12 weeks of paid family leave time per year. The leave may be taken not just to care for a new baby but also to care for grandparents and friends who are of no relation to workers.

The Bolsheviks even want to tax your toaster oven… (thc0655)

It’s no longer some lofty sound byte. There are detailed plans and real support behind it… which means you might want to strongly consider your own options for a Plan B.

For some people, that might even mean picking up and moving. It’s not such a radical concept… people do it all the time, especially state-to-state.

SF Restaurant Leaders Sound Alarm on Industry Crisis at City Hall Meeting (thc0655)

San Francisco’s 5,200 restaurants generate $4.7 billion in taxable sales to the city and provide for 65,000 jobs in SF, restaurant industry veteran and Golden Gate Restaurant Association representative Laurie Thomas told Supervisors in her remarks yesterday. But based on her numbers, garnered through Yelp, restaurant closures have begun to outpace openings by nine percent. “We’re seeing a troubling trend,” said Thomas, who owns Rose’s Cafe in Cow Hollow, but whose North Beach restaurant, Rose Pistola, closed in 2017 after 21 years in business.

The Journey, Not The Destination (GE Christenson)

The upward path was not sustainable. Amazon stock crashed after the “Dot.com” bubble and fell over 90% during the following two years. It then rose to over $2,000 by 2018. What happens next to this high-flying stock?

Trump says California cities ‘destroy themselves’ with homelessness (Thomas R.)

Earlier this week, Gov. Gavin Newsom, a Democrat, and several California mayors and county and state officials asked the Trump administration for 50,000 additional vouchers for those most affected by the housing crisis, the Los Angeles Times reported. In the letter signed Monday, they also requested the federal government provide incentives for landlords to accept the housing vouchers.

US says attack on Saudi oil site was an Iranian ‘act of war’ (Sparky1)

Eighteen drones and seven cruise missiles were launched in the assault, Al-Malki said, with three missiles failing to make their targets. He said the cruise missiles had a range of 700 kilometers (435 miles), meaning they could not have been fired from inside Yemen.

Saudi Arabia to restore oil output fully by end of September: energy minister (Thomas R.)

He was referring to attacks on Saturday on state-owned oil company Saudi Aramco’s plants in Abqaiq and Khurais, including the world’s largest oil processing facility, which shut down 5.7 million barrels per day, which is more than half of Saudi Arabia’s production, or 5% of global output.

Aramco’s Chief Executive Amin Nasser said the company, which is preparing for an initial public offering (IPO), was still in the process of estimating repair work but that it was “not that significant,” given the company’s size.

Trump revokes waiver for California to set higher auto emissions standards (Thomas R.)

The Trump administration has long been at odds with California, especially on environmental issues. Talks between California environmental regulators and the administration broke down earlier this year. Yet this summer, the state negotiated an agreement with several automakers to design cars to meet standards higher than those set by the federal government.

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive (Thomas R.)

Toyota has sold fewer than 10,000 of the Mirai, a fuel cell sedan it touted as a game changer at its launch five years ago. Costing consumers about 5 million yen ($46,200) in Japan after subsidies, it is one of three fuel cell cars available to consumers. Hyundai Motor Co (005380.KS) sells the Nexo, while Honda Motor Co Ltd (7267.T) leases out the Clarity.

Fukushima trial ends in not guilty verdict, but nuclear disaster will haunt Japan for decades to come (Sparky1)

This month, officials said that water pumped into the stricken plant to cool its nuclear cores might have to be dumped into the ocean, due to a lack of storage space for the thousands of tons of contaminated liquid. Around 300 to 400 tons of highly radioactive water is generated every day; it’s currently stored in hundreds of tanks at the site, from which there have been multiple leaks in the years since decommissioning started.

Shocking Video Simulation Shows the Devastation Nuclear War Would Cause (Sparky1)

Researchers at Princeton University created a simulation to see just how bad a nuclear war between the US and Russia would be for humanity, and the picture they paint is terrifying. The team used the Pentagon’s own plans (which were recently leaked) to “highlight the potentially catastrophic consequences of current US and Russian nuclear war plans,” a press release states.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/18/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

The post Daily Digest 9/19 – U.S. Says Saudi Oil Site Attack Was ‘Act Of War,’ The Global Expansion of AI Surveillance appeared first on Peak Prosperity.

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Peter Schiff: Whatever the Fed Is Going to Do Will Stink to High Heaven

The Federal Reserve did exactly what the markets expected on Wednesday, cutting interest rates by another 25 basis points. The central bank sent out mixed signals about what will happen next. Markets widely construed the Fed’s messaging as somewhat hawkish. In its policy statement, the Fed said the US economy is growing at a “moderate” […]

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Peter Schiff: The Next Crash Could Bring Down the Fiat Money System

Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession. The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and […]

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Wednesday, September 18, 2019

Danielle Park – What’s the Repo Market Trying to Tell You?

from Financial Survival Network

Danielle Park notes that repurchase agreements or Repos are a cornerstone of today’s leveraged economic system. They’ve been around since 1917. It’s a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is unheralded. When things start going wrong in this market, there’s likely major problems ahead. It’s a market based on trust and certainty of repayment by banks and other major financial institutions. When they lose faith as they did in 2008, bad things happen. Like credit freezes and potential bank failures. Will 2019 be a replay of 2008? Let’s see what happens next.

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Fed Prepared To Go Medieval With Rate Cuts And QE, Plus Here Is When It’s Ok For Bears To Fight The Fed

Today the Federal Reserve cut interest rates, and it appears to be prepared to go medieval with rate cuts and QE, plus here is when it's ok for bears to fight the Fed.

The post Fed Prepared To Go Medieval With Rate Cuts And QE, Plus Here Is When It’s Ok For Bears To Fight The Fed appeared first on King World News.

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Fed Cuts Interest Rates, But Here Is The Bottom Line

Today the Federal Reserve cut interest rates, but here is the bottom line.

The post Fed Cuts Interest Rates, But Here Is The Bottom Line appeared first on King World News.

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FOMC: Wild Moves Over The Past Two Days, Plus The Fed Created A Monster

With everyone focused on the Fed's interest rate decision, here is a look at the monster the Fed created, plus a look at the wild moves over the past two days.

The post FOMC: Wild Moves Over The Past Two Days, Plus The Fed Created A Monster appeared first on King World News.

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Daily Digest 9/18 – Equifax To Sell More Utility & Phone Records, Oil Shock Hits Global Economy Already On Shaky Ground


Oil shock hits a global economy that’s already on shaky ground (Saxplayer00o1)

Following the release of fresh data for August, analysts at Societe Generale pointed out Monday that the industrial sector is “losing momentum at an alarmingly rapid pace,” and expressed concern that weakness could spill over into consumer spending and the services sector. Higher oil prices, which would come as the price of pork soars, are the last thing the country needs.

Repo Market Chaos Signals Fed May Be Losing Control of Rates (Saxplayer00o1)

One of the key U.S. borrowing markets saw a massive surge Monday, a sign the Federal Reserve is having trouble controlling short-term interest rates.

Amid the settlement of Treasury coupon auctions and the influx of quarterly corporate tax payments, the rate on overnight repurchase agreements soared by as much as 248 basis points to 4.75%, the highest level since December, according to ICAP pricing.

St. Clair County Home Values Down 23%, Property Taxes Up 5% Since Recession (Illinois) (Saxplayer00o1)

The biggest factor driving rising property taxes? Unsustainable growth in pension costs for government workers. Pension liabilities have risen faster than taxpayers’ ability to pay, forcing state and local governments to constantly scramble for new sources of revenue – often in the form of property tax hikes.

$53.2 Billion In QE Lite: Fed Concludes First Repo In A Decade Amid Liquidity Panic (Sparky1)

While the Fed did not disclose how many banks participated in the operation, it is safe to say it was a sizable number. Worse, the result from today’s unexpected repo operation, we can now conclude that in addition to $1.3 trillion in ‘excess reserves’, a Fed which is now cutting rates and will cut rates by 25bps tomorrow, the US financial system somehow found itself with a liquidity shortfall of $53 billion that almost paralyzed the interbank funding market.

SpaceX’s Next Starship Prototype Taking Shape (Photos) (Thomas R.)

The Mk1 and Mk2 follow in the footsteps of SpaceX’s Starhopper vehicle, which was retired after acing a big test flight last month. But the new vehicles are far more ambitious and more capable. Whereas Starhopper sported just a single Raptor engine and stayed within a few hundred feet of the ground, for example, the Mk1 and Mk2 will be powered by at least three Raptors and will go much higher.

IBM will soon launch a 53-qubit quantum computer (Thomas R.)

The fact that IBM is now opening this Quantum Computation itself, of course, is a pretty good indication about how serious the company is about its quantum efforts. The company’s quantum program also now supports 80 partnerships with commercial clients, academic institutions and research laboratories. Some of these have started to use the available machines to work on real-world problems, though the current state of the art in quantum computing is still now quite ready for solving anything but toy problems and testing basic algorithms.

Need a loan? Equifax plans to sell more utility, phone records (Sparky1)

The Equifax move and other credit-industry changes in large part are aimed at assessing people who have no credit reports or scores—or low scores.

Critics say the changes could make risky consumers appear safer than they actually are. But Equifax says some consumers—such as loan applicants who are new to the U.S. or pay for most expenses with cash—simply don’t have traditional borrowing backgrounds.

Need Cash? Companies Are Considering Magazine Subscriptions and Phone Bills When Making Loans (Sparky1)

For decades, banks and other financiers have relied primarily on consumers’ borrowing history to make lending decisions. Now revenue-hungry companies are considering metrics both mundane and peculiar, like whether applicants shop at discount stores, subscribe to magazines or pay their phone bills on time.

Just last month, 53 Americans died in mass shootings…while 40,000 died from obesity (LesPhelps)

In short, the human body is designed to live off the land and move around ­without the aid of transport, but “modern life” means we’re eating far too much processed food and being more sedentary as we’re ferried from A to B.

But even though the food industry must take its fair share of blame, it’s also the case that certain healthier alternatives introduced by KFC, among others, failed due to lack of interest from customers.

Mortgage demand from buyers jumps, just as interest rates spike (Thomas R.)

Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually. Buyers have been coming back to the market in the past few weeks, despite the low supply of homes for sale. Higher interest rates and overheated home prices last spring held buyers back, so some of that demand may be showing up now.

The silenced: meet the climate whistleblowers muzzled by Trump (tmn)

“The National Park Service and Fish and Wildlife Service had it worst because they didn’t have anything to do with oil and gas or mining permitting process, and the lobbyists in charge had no interest in wildlife, conservation or biodiversity.

“But every agency suffered, because the mantra of the administration was to drain the swamp – and it quickly became clear that the swamp was not the high-paid lobbyists, but the rank-and-file government professionals who serve the country.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/17/19

Provided daily by the Peak Prosperity Gold & Silver Group

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John Rubino – Trump the Master Debaser

from Financial Survival Network

John Rubino is back… Missiles are flying in the Middle East, Saudi oil production has been halved and we’re worrying about negative interest rates. Trump is proving to be the Master Debaser. Lower interest rates will cure all the world’s ills. Precious metals can’t accommodate all the world’s flight capital. Therefore, the US stock markets have become the home for scared money. What other choice is there?

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Peter Schiff: Why the Fed Won’t Be Able to Rescue the Economy the Next Time Around

Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates to zero and holding them […]

from SchiffGold.com https://ift.tt/2NmHoLI

Fed Runs Repo Operations; Is It Baby-Stepping Toward QE?

In a move “Bond King” Jeffrey Gundlach said could be a prelude to the next round of quantitative easing, the New York Fed conducted a repurchase operation involving about $53 billion in debt instruments on Tuesday. The move to designed to unplug the financial system’s “plumbing” with an injection of cash was the first such […]

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