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Wednesday, July 31, 2019

Triple Lutz Report #470 – Vancouver Wrap-Up

from Financial Survival Network

Gold and silver have broken out. What’s next? We know that the stock market has continued to go up, the US Dollar has been strengthening and gold has been going up. Why is this happening? We’re starting to see select junior miners breaking out as well. It looks like the worm has turned. We also discuss the Baltimore situation and why American cities are crumbling. It all began during the civil unrest of the 1960’s. The combination of rampant crime and forced busing led to white flight. Most cities have yet to recover. And when you take a look at Baltimore, you can’t help but notice billions of aid dollars have been wasted or stolen. So it’s great that someone is finally calling them out and being honest about the situation. Let’s hope it continues and eventually change.

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Jamie Keech – Profiting from the Coming Resource Stock Boom

from Financial Survival Network

We sat down with Jamie Keech in Vancouver to get an idea of where the mining sector is headed. Unsurprisingly, he’s guardedly optimistic. While metals prices have been rising, many sector stocks have been slow to follow. Jamie did us a real service by explaining the red flags looks for when he’s deciding what stocks to invest in. He’s always on the look-out for self-serving managements that put its interest above the company’s owners, the shareholders. He explains why investors must look for companies where management and shareholder interests are aligned. You just have to look at the financial statements and spend a little time reviewing them. The answer usually resides within them.

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One Pro Just Warned Panic Rate Cuts Coming In Fall, Investors Should Buy Dips In Gold

One pro just warned investors panic rate cuts are coming in the fall and investors should buy dips in gold.

The post One Pro Just Warned Panic Rate Cuts Coming In Fall, Investors Should Buy Dips In Gold appeared first on King World News.



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Celente – Fed Cuts But Monetary Insanity Keeps Gold Above $1,400 Near Breakout That Will Send Gold To $2,000

On the heels of the Fed cutting interest rates by 1/4 point, the top trends forecaster in the world, Gerald Celente, said the monetary insanity cannot be sustained as gold remains above $1,400, near breakout that will send the price of gold above $2,000.

The post Celente – Fed Cuts But Monetary Insanity Keeps Gold Above $1,400 Near Breakout That Will Send Gold To $2,000 appeared first on King World News.



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FED DECISION: Denial Is Powerful And Ultimately Painful, About The Fed, Plus How ECB Is About To Surprise The World

Post Fed decision, the ECB is about to surprise the world, denial is powerful and ultimately painful, oh, and about the Fed...

The post FED DECISION: Denial Is Powerful And Ultimately Painful, About The Fed, Plus How ECB Is About To Surprise The World appeared first on King World News.



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Pat Donnelly | After Our Recent Share Price Pullback, I Wanted to Sell My House to Buy More Stock

from Mining Stock Education

Pat Donnelly provides an update on Trilogy Metals’ progress and upcoming catalysts. Pat also shares his analysis of the copper markets and commentary on Trilogy Metals’ recent share price pullback. This interview was recorded onsite at the 2019 Sprott Natural Resource Symposium.

Pat Donnelly is Vice President, Corporate Communications & Development for Trilogy Metals and has a broad range of experience in mineral exploration, capital markets, corporate development and investor relations. He began his career as a project geologist 25 years ago exploring for precious and base metals and diamonds in western and northern Canada. Subsequently, Pat worked for a Canadian securities firm as a base metals mining analyst. Between 2012 and 2014 Mr. Donnelly was the Vice-President of Corporate Communications for Trilogy Metals. Most recently he was the President of First Mining Gold Corp. where he played a key role. Pat holds a B.Sc. in Geology (Honors) from the University of British Columbia and has an MBA from the University of Toronto.

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Daily Digest 7/31 – Federal Borrowing Soars as Deficit Fear Fades, Markets Get Ready For The Great Unknown


Economy

A Fed Reversal Will Store Up Trouble (Saxplayer00o1)

Will the world’s currencies face a reckoning in 2019? This year gold has risen 10% against the U.S. dollar. Alternative currencies like bitcoin have risen about 160% against the dollar. All other major currencies have also fallen by similar magnitudes against both gold and bitcoin—troubling signs. The larger story is that an unnecessary return to fiscal and monetary stimulus, signaled over the past few weeks by the Federal Reserve and the European Central Bank, may produce a crisis of confidence in fiat currencies, including the U.S. dollar.

Companies are ramping up share buybacks, and they’re increasingly using debt to do so (Saxplayer00o1)

U.S. companies are on pace to break another record for share repurchases in 2019, using a combination of cash and debt to push the total to close to $1 trillion.

Federal Borrowing Soars as Deficit Fear Fades (Saxplayer00o1)

The Congressional Budget Office estimated last week the budget deal would add $265 billion to federal deficits over the next decade, though projected deficits could be as high as $1.7 trillion during that time if spending continues on the same trajectory.

The Undeclared Currency War: How the ECB Is Forcing the Fed’s Hand (Saxplayer00o1)

The European Central Bank’s policy rate, at minus 0.4%, is already nearly 3 percentage points below the Fed’s. And last week ECB President Mario Draghi strongly hinted it will soon go further into negative territory. Fed officials have concluded they cannot permit U.S. rates to deviate too far from their foreign counterparts’. So even though the U.S. economy is in much better shape than Europe’s, the ECB is helping to force the Fed’s hand.

Markets Get Ready for the Great Unknown (Saxplayer00o1)

The Institute of International Finance said earlier this month that the mountain of global debt expanded by $3 trillion in the first quarter to just more than $246 trillion. That increase compares with the $3.3 trillion expansion for all of last year. The just-signed budget deal in Washington shows it will only get worse, with the deficit forecast to expand to $1 trillion or more in the U.S. The Treasury Department said Monday that it expects to issue $433 billion in net marketable debt from July through September, $274 billion more than it estimated in April.

Negative Interest Rates: Someday The Bank May Pay You For Your Mortgage (Saxplayer00o1)

Would this drive up debt levels? You bet. But in this environment, you could pay off your debt more easily … by taking on more debt.
Say you have $100 of debt and you’re paying 5 per cent on it, or $5 per year. You borrow another $100, this time at minus-1 per cent, and make $1 for carrying that debt. That reduces the cost of the first $100 you borrowed to $4.

Asset Bubbles to Zombie Companies: The Dark Side of Rate Cuts (Saxplayer00o1)

Even some junk bonds now trade at levels where investors have to pay for the privilege of holding them. The number of such securities denominated in euros and trading with a negative yield now stands at 12, according to data compiled by Bloomberg. At the start of the year there were none.

Watch out, America: China and Russia are stockpiling gold (Saxplayer00o1)

And there’s an obvious reason for China to buy gold. It wants to break up the global hegemony of the U.S. dollar — the hegemony that former French President Charles de Gaulle called America’s “exorbitant privilege.” It wants to make its own currency, the renminbi, a world player. And Odey argues that buying gold bullion is a natural move. Gold reserves should add to world confidence in the Chinese currency.

Milton Friedman: The Forgotten History of the Godfather of Conservative Libertarianism (Alex)

Friedman came from humble beginnings, the son of two Jewish immigrants from an area of the Kingdom of Hungary currently located in Ukraine. His family soon moved to New Jersey. And at 16, he won a scholarship to Rutgers University, where he studied mathematics and economics with an eye toward becoming an actuary. He was offered two different scholarships: One to Brown University to study math, the other to the University of Chicago to study economics. He opted for the latter. It is here that he met his future wife, Rose Director, also an economist.

YouTube needs ‘new set of rules and laws’: executive (Sparky1)

“We want to make sure that YouTube remains an open platform because that’s where a lot of the magic comes from, even though there may be some opinions and voices on the platform that I don’t agree with, that you don’t agree with.”

Tech giants are facing increased scrutiny, with some political leaders calling for a breakup of the dominant players and others seeking tougher privacy and content moderation rules.

Pfizer to combine off-patent drug business with Mylan (Sparky1)

Bresch was at the helm when the company was skewered for its massive price increases for the EpiPen emergency treatment, one of several issues that has dogged Mylan in recent years.

Analysts at Morningstar characterized Mylan as “one of the most controversial publicly traded healthcare companies,” citing charges of “price gouging” for EpiPen and a high debt load, among other issues.

Cambodia buying ‘tens of thousands’ of Chinese weapons: PM (Sparky1)

China has lavished billions of dollars in soft loans, infrastructure and investment on the poor Southeast Asian kingdom, which has tilted away from the US amid Hun Sen’s increasingly authoritarian rule.

3 Things to Watch as Summer Heat Bakes the Arctic (newsbuoy)

Arctic sea ice levels have been far below average so far this season. According to the National Snow and Ice Data Center (NSIDC), the ice extent this month has been nearly on par with the levels seen in July 2012, a summer marked by high rates of ice melt.

Sea ice typically falls to its lowest point of the year in September, at the end of the summer. September 2012 saw the lowest sea ice extent since the satellite record began. This year’s similarities raise the question of whether the season is heading for a new record.

Farmers struggle to find hay for animals as wet spring creates shortage (Sparky1)

“I normally sell to horse farms,” said Karl Gearhart, the owner of Gearhart Farms, which grows and sells hay in central Ohio. “In the last four months, I’ve sold more to dairies and beef cattle than I have in the last 17 years I’ve been in business.”

Gold & Silver

Click to read the PM Daily Market Commentary: 7/30/19

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 7/31 – Federal Borrowing Soars as Deficit Fear Fades, Markets Get Ready For The Great Unknown appeared first on Peak Prosperity.



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Peter Schiff: Gold Will Go Much Higher Than $5,000 (Video)

In a podcast last week, Peter Schiff said we have all the elements of a gold bull market. This week, he appeared on Kitco News and talked with Daniela Carbone about what’s going on with gold. Peter said he thinks we’re at the beginning of a breakout from the consolidation we’ve seen in the market […]

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Central Bank Gold-Buying Continued Unabated in June

Central banks continued to buy gold in June according to the latest data released by the World Gold Council. Globally, central banks added a net 126.5 tons of gold to their reserves last month, led by the announcement of a 94.9 increase in Polish gold reserves. That brings total reported central bank gold purchases on […]

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Tuesday, July 30, 2019

Rick Rule – Millennials Will Turn to Gold and Mining Stocks

from Financial Survival Network

Rick Rule sat down with us at the Sprott Conference. He’s extremely upbeat about precious metals and believes we’re at the beginning of another bull market. The average such bull lasts for three years and sees advances of 300 percent or more. What will propel this one even further is the discovery of the sector by millennials. Rick believes that their refined research skills, their need to self-validate information and their risk-taking nature will secure them large gains, at least initially. Then greed and recklessness could takeover and lead to larger losses. We also talked about AI in exploration, and the independent rogue miners who do so much damage. Get ready for the bull now!

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Doug Casey – The Situation is Hopeless But Never Serious

from Financial Survival Network

The current economic situation, at least according to Doug Casey is hopeless. There’s no turning back as debt continues to mount and the decline of the West becomes ever more obvious. The best thing you can do is learn to profit from it, which Doug has done quite well. We also talked about Doug’s upcoming book The Assassin. Fun times ahead.

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Rolex Indicator Just Flashed A Major Warning, Only Massive QE Will End This, And Is The Public Scared Or Broke?

The Rolex indicator just flashed a major warning, only massive QE will end this, and is the public scared or broke?

The post Rolex Indicator Just Flashed A Major Warning, Only Massive QE Will End This, And Is The Public Scared Or Broke? appeared first on King World News.



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The Biggest Bubble Of All, Gold & Silver Ignoring Strong US Dollar, Market Panic Or Admit How Bad Things Really Are, Plus QE And Fiat Money Is Failing

Here is a look at the biggest bubble of all, gold and silver ignoring strong US dollar, market panic or admit how bad things really are, plus QE and fiat money failing.

The post The Biggest Bubble Of All, Gold & Silver Ignoring Strong US Dollar, Market Panic Or Admit How Bad Things Really Are, Plus QE And Fiat Money Is Failing appeared first on King World News.



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Off The Cuff: The Destruction Of Coherent Ideas

In this week’s Off The Cuff podcast, Chris and James Howard Kunstler discuss:
  • The Shale Oil Booby-Trap
    • Fake prosperity that will tank the markets when it ends
  • Could The US Government Nationalize The Oil Industry?
    • It very well could
  • The Destruction Of Coherent Ideas
    • To fail to plan is to plan to fail
  • What Are We Willing To Give Up?
    • A better future depends on abandoning some of our self-destructive luxuries
In this week's podcast, Chris and Jim tackle a wide range of issues -- from shale oil, to Jeffrey Epstein, wokesterdom, the financial bubble, social malaise, and the future of society. One deficit particularly concerning to Jim is our culture's inability to have coherent discourse. If we can't engage in understanding and intelligently debating with one another, how will we ever devise effective solutions to the many challenges we face? Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
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Gold Market May Be Coiling For Another Big Surge To $1,550-1,580, The Death Of The Bond Markets, Plus What’s Coming In The Next Few Months?

Here is a look at why the gold market may be coiling for another big surge to $1,550-$1,580, the death of the bond markets, plus what's coming in the next few months?

The post Gold Market May Be Coiling For Another Big Surge To $1,550-1,580, The Death Of The Bond Markets, Plus What’s Coming In The Next Few Months? appeared first on King World News.



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Daily Digest 7/30 – Fed Chief Signals Rate Cut Ahead, Is An Aging Population Actually Bad For The Economy?


Economy

Stocks close higher, S&P 500 hits 3,000 for the first time as Fed chief signals rate cut ahead (TS)

“Crosscurrents have reemerged,” Powell said. “Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”

Google Continues Investments in Military and Police AI Technology Through Venture Capital Arm (Sparky1)

The startups not only receive financial support from Google. Google employees shared internal company emails with The Intercept that stated that all firms backed by Gradient Ventures “will be able to access vast swaths of training data that Google has accumulated to train their own AI systems” and “will have the opportunity to receive advanced AI trainings from Google.”

Senior computer engineers from Google will rotate into firms backed by Gradient Ventures, the emails noted, to provide “the kind of hand-holding support that we think is helpful in growing an AI ecosystem.”

Raytheon, DARPA complete design review for hypersonic weapon (Sparky1)

Hypersonic vehicles operate at high altitude and at speeds up to five times the speed of sound. A boost glide weapon uses a rocket to accelerate its payload and achieve hypersonic speeds, before the payload separates from the rocket and glides to its target, according to Raytheon. The proposed weapons offer engagement from longer distances, shorter response times and greater effectiveness.

Is an aging population actually bad for the economy? (Sparky1)

One thing all of these stories should end with is a slowdown in economic growth per person. In 2017, the economists Daron Acemoglu and Pascual Restrepo looked at how rapidly GDP per capita grew between 1995 and 2015 in a whole bunch of countries (the vertical axis below) and compared it to how much the ratio of old people to working-age people changed (the horizontal axis) over the same period. Contrary to the prevalent assumption, they found basically no relationship at all.

The House Passes Budget Deal to Increase Military Spending (thc0655)

Then, their livelihoods, their wealth, their reputations – and the entire economy – depend on more inflation. So, you’ve got to continue inflating… or go into rehab.

Inflate or Die. There’s no third choice.

Dialysis Firm Cancels $524,600.17 Medical Bill After Journalists Investigate (edelinski)

Like her husband, Jessica is relieved that their bill seems to be resolved but worried that other people with bills like theirs might not be so lucky. She’s also grateful for all the attention their story has garnered. Montana Sen. Jon Tester’s office and their hospital’s insurance broker both offered to advocate for them. “And a nephrologist from Pennsylvania called me at work and expressed outrage and said she forwarded on our story to the medical director of Fresenius on our behalf,” Jessica wrote in an email.

Rich investors may have let a hospital go bankrupt. Now, they could profit from the land (Sparky1)

“There’s no way he doesn’t make money off the land,” said Patrick Clancy, president and CEO of Philadelphia Works, the city’s workforce development agency, which is now charged with helping thousands of newly unemployed workers. “He will have left our city and gone back to wherever he calls home with money in his hands and 2,400 people scrambling around.”

Evicted by Matthew Desmond review – what if the problem of poverty is that it’s profitable to other people? (AL)

Even in the Great Depression, evictions used to be rare. Now, each year, hundreds of thousands, perhaps millions, of renters are put out on the street. Even a paid-up tenant can be easily evicted. Arleen loses one apartment when her son Jori throws a snowball at a passing car and the enraged driver kicks in the front door, and another when the police come after Jori when he kicks a teacher and runs home. Any kind of trouble that brings the police can lead to eviction, which means women can lose their homes if they call 911 when their man beats them up. Think about that the next time someone asks why women don’t call the cops on violent partners.

Tulsi Gabbard Calls for Americans to Unite Against Big Tech (thc0655)

The Hawaii congresswoman and Iraq war veteran recently announced a lawsuit against Google after the tech giant allegedly shut down her Google Ads account shortly after the first Democrat presidential debate, at precisely the moment when her bid for the White House was attracting renewed attention from Google users.

Trump aide submitted drafts of 2016 ‘America First’ energy speech to UAE for edits, emails show (Sparky1)

“The Trump Administration has virtually obliterated the lines normally separating government policy making from corporate and foreign interests,” according to a report overseen by House Oversight Chairman Elijah Cummings, a Maryland Democrat, who commissioned the investigation into back channel business dealings between certain Trump aides and Middle Eastern countries.

A 26-year-old billionaire is building virtual border walls — and the federal government is buying (Sparky1)

Along remote stretches of the U.S.-Mexico border, and on the perimeters of military bases around the world, Luckey’s vision was already becoming reality. Customs and Border Protection is using Anduril’s high-tech surveillance network as a “virtual wall” of interlinked, solar-powered sentry towers that can alert agents of suspicious activity, and the company has signed similar deals with U.S. and U.K. military branches.

Brazil’s indigenous people: Miners kill one in invasion of protected reserve (tmn)

“This is the first violent invasion in 30 years since the demarcation of the indigenous reserves in Amapá,” Senator Rodolfe Rodrigues told local newspaper Diário do Amapá (in Portuguese), warning of a “blood bath”.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/29/19

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 7/30 – Fed Chief Signals Rate Cut Ahead, Is An Aging Population Actually Bad For The Economy? appeared first on Peak Prosperity.



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It’s Bipartisan Fiscal Suicide!

Trump’s bipartisan spending deal took a step closer to reality last week when the US House passed a budget bill by a 284-149 vote. The bill increases discretionary spending from $1.32 trillion in the current fiscal year to $1.37 trillion in fiscal 2020 and then raises it again to $1.375 trillion the year after that. The […]

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Peter Schiff: Trump Kills the Tea Party

After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By negotiating a disastrous budget deal with Democrats, the President could become the greatest creator of government debt in the history of the country. While Trump is selling the two-year deal […]

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Monday, July 29, 2019

David Morgan – Negative Interest Rates Having a Negative Effect

from The Morgan Report

David Morgan‘s weekly perspective…

How low can central banks go? Until recently, it was assumed that policy makers had to stop once they had cut nominal interest rates to zero. But that is not the case and we’re all going to pay for it. Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. You Can Continue To Grow Your Wealth Regardless Of The Changing Winds Of Politics, The Economy And The Financial Markets. Let me show you how…

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Fed To Cut Rates Wednesday But What’s Next?

The Fed will definitely cut rates on Wednesday but what's next?

The post Fed To Cut Rates Wednesday But What’s Next? appeared first on King World News.



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Last Time We Saw This Setup Gold Rallied For Months And Years

One of the greats just said the last time we saw this setup gold rallied for months and years.

The post Last Time We Saw This Setup Gold Rallied For Months And Years appeared first on King World News.



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James Turk – Investors Missed Important News That Will Not Only Have A Huge Impact On Gold But Also The World

Today James Turk warned King World News that investors around the world missed a historic news release that will not only impact gold but also the world.

The post James Turk – Investors Missed Important News That Will Not Only Have A Huge Impact On Gold But Also The World appeared first on King World News.



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Daily Digest 7/29 – U.S. Dollar Declarations Show Currency Move Still in Play, Farmers Reckon With New Reality In Heartland


Economy

Moscow Police Arrest More Than 1,300 at Election Protest (Sparky1)

An independent monitoring group said more than 1,300 people were arrested near City Hall, the intended site of the rally, although many never made it there. As in past protests, the authorities began making arrests blocks away so a large crowd could not form.

Aleksei Navalny, Putin Foe, Is Hospitalized After ‘Severe Allergic Reaction’ in Jail (Sparky1)

“Aleksei doesn’t have any allergy and has never had one. Moreover, he ate the same food with his cellmates and didn’t use any new perfumes or personal care products,” she said, adding that while in the hospital, Mr. Navalny can only eat the food that is allowed in prison.

Sports and IQ: the persistence of race ‘science’ in competition (newsbuoy)

Evans zooms in on two focal points of racial stereotypes: sport and intelligence. His section on the success of Kenyan marathon runners in global contests is brilliant: it demolishes the idea of genetic explanations for any region’s sporting achievements. Some have speculated that Kenyans might have, on average, longer, thinner legs than other people, or differences in heart and muscle function. Evans notes, however, that we don’t make such generalizations about white British athletes when they do disproportionately well in global athletics. Such claims for athletic prowess are lazy biological essentialism, heavily doped with racism.

Coren: Protesters were peaceful, then riot police charged (Sparky1)

CNN’s Anna Coren reports from inside a Hong Kong subway station where riot police charged at protesters who were attempting to peacefully leave the demonstration. This incident comes as thousands of marchers packed a town near Hong Kong’s border with China to condemn police violence.

Trump Dollar Declarations Show U.S. Currency Move Still in Play (Sparky1)

Unilateral intervention would contradict a longstanding commitment that the U.S. reaffirmed last month, along with other members of the Group of 20, that actively weakening exchange rates in order to boost exports is in no one’s interest. The U.S. last intervened in FX markets in 2011, when it stepped in along with other nations after the yen soared in the wake of a devastating earthquake in Japan.

Israel launches race to build 5G mobile networks (newsbuoy)

Bandwidth ranging from 3,500 to 3,600 MHz will be open to all bidders, encouraging competition for 5G services and infrastructure. “The financial strength of [Israeli cellular network] companies at this time is no secret, and the tender takes this situation into account,” said Amsalem.

Whatever happened to the Palestinian 3G deal? (newsbuoy)

The November 2015 deal determined that Israel would provide the West Bank’s two cell service providers, Jawal and Wataniya, with 20 megahertz(Mhz) of 3G frequencies, the minimum for two telecommunications companies to operate 3G services. The first ten Mhz would be allocated for exclusive Palestinian use, and the second ten Mhz would be assigned for shared use between the Palestinian companies and two Israeli companies, Cellcom and Pelephone.

A deadly mosquito-borne virus that causes brain swelling in humans has been detected in Florida (Sparky1)

People develop symptoms about 4 to 10 days after they are bitten by an infected mosquito, the CDC says. Signs include sudden onset of headache, high fever, chills and vomiting. More severe symptoms include disorientation, seizures and coma.

The new political story that could change everything (Cornelius999)

And perhaps this is the most important thing that rewilding offers us, the most important thing that’s missing from our lives: hope. In motivating people to love and defend the natural world, an ounce of hope is worth a ton of despair. The story rewilding tells us is that ecological change need not always proceed in one direction. It offers us the hope that our silent spring could be replaced by a raucous summer.

Swarms of grasshoppers invade Las Vegas: “Everybody was going crazy” (Sparky1)

Nevada state entomologist Jeff Knight told reporters the number of adult pallid-winged grasshoppers traveling north to central Nevada is unusual but not unprecedented and they pose no danger. Knight says the insects don’t carry disease, don’t bite, and probably won’t damage anybody’s yard before they’re gone in several weeks. He says they’re usually attracted to ultraviolet light sources.

This floating city concept is one way to cope with climate change (Sparky1)

Illustrations of what the company calls Oceanix City show a leafy enclave built on floating concrete platforms, each covering almost five acres and moored to the seafloor in shallow waters. The platforms are linked by walkways to form cohesive communities with all the trappings of urban life, with a sustainable twist: buildings made of timber from sustainable forests; greenhouses, vertical farms and underwater gardens; renewable power sources like wind and solar; sewage and waste-recycling systems; and desalination plants to provide potable water.

Do airplane contrails add to climate change? Yes, and the problem is about to get worse. (Sparky1)

“Given the forecast for the increase in air traffic, which is very large, this contrail effect will increase even more than the carbon dioxide impact,” says study co-author Ulrike Burkhardt, an atmospheric physicist at the German Aerospace Center’s (DLR) Institute of Atmospheric Physics. “And so it will remain the largest aviation impact on the climate,” outpacing the contribution to warming from the carbon dioxide and other greenhouse gases in airplane exhaust.

Robots come to the rescue after Fukushima Daiichi nuclear disaster (Sparky1)

Lake Barrett is a nuclear engineer and former Department of Energy official who oversaw the cleanup of the worst nuclear accident in U.S. history, Three Mile Island. He was hired as a senior adviser by TEPCO, the Tokyo Electric Power Company that owns the plant and is in charge of the effort to find the missing fuel.

“I’m not a climate change guy, but…”: Farmers reckon with new reality in the heartland (Sparky1)

In March 2019, record-breaking floods inundated America’s breadbasket, a region that’s also a key exporter of corn and soybeans to the world. Much of the Midwest was overwhelmed with floods as a result of torrential rains, frozen ground unable to absorb more water, heavy snowmelt, and a series of extreme weather events that culminated in a major winter storm—described by meteorologists as a “bomb cyclone.”

Under Brazil’s Far Right Leader, Amazon Protections Slashed and Forests Fall (newsbuoy)

Brazil’s part of the Amazon has lost more than 1,330 square miles of forest cover since Mr. Bolsonaro took office in January, a 39 percent increase over the same period last year, according to the government agency that tracks deforestation.

In June alone, when the cooler, drier season began and cutting trees became easier, the deforestation rate rose drastically, with roughly 80 percent more forest cover lost than in June of last year.

Trinity: “The most significant hazard of the entire Manhattan Project” (newsbuoy)

“New Mexico residents were neither warned before the 1945 Trinity blast, informed of health hazards afterward, nor evacuated before, during, or after the test. Exposure rates in public areas from the world’s first nuclear explosion were measured at levels 10,000- times higher than currently allowed.”

Gold & Silver

Click to read the PM Daily Market Commentary: 7/27/19

Provided daily by the Peak Prosperity Gold & Silver Group

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The post Daily Digest 7/29 – U.S. Dollar Declarations Show Currency Move Still in Play, Farmers Reckon With New Reality In Heartland appeared first on Peak Prosperity.



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Peter Schiff: All This Talk About a Booming Economy Is Fake News

We got the first Q2 GDP estimate on Friday. Economic growth slowed to 2.1%, but the number came in slightly better than economists had projected. In his most recent podcast, Peter Schiff broke down the GDP report. As he put it, when you actually look beneath the numbers, the quarter was a disaster. This was […]

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Peter Schiff: If You Understood What This Means, You Would Be Buying Gold as Fast as You Can

Gold has risen to six-year highs in recent weeks as the Federal Reserve has pivoted back toward an easy-money monetary policy. Markets widely anticipate a Federal Reserve interest rate cut this week and the economy appears to be slowing. Peter Schiff recently appeared on RT Boom Bust to explain why he believes this is the […]

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Sunday, July 28, 2019

KWN Special Audio Interview Has Now Been Released!

The KWN special audio interview has now been released!

The post KWN Special Audio Interview Has Now Been Released! appeared first on King World News.



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Adrian Day: Broadcast Interview – Available Now

Adrian Day: Chairman and Chief Executive Officer - Adrian Day is considered a pioneer in promoting the benefits of global investing in this country.  A native of London, after graduating with honors from the London School of Economics, Mr. Day spent many years…

The post Adrian Day: Broadcast Interview – Available Now appeared first on King World News.



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Adrian Day

Adrian Day: Chairman and Chief Executive Officer - Adrian Day is considered a pioneer in promoting the benefits of global investing in this country.  A native of London, after graduating with honors from the London School of Economics, Mr. Day spent many years…

The post Adrian Day appeared first on King World News.



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Greyerz Just Warned Central Banks Are Now In Panic Mode, Worried The Financial System Will Disappear Into A Black Hole

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned central banks are now panicking behind the scenes, worried the financial system will disappear into a black hole.

The post Greyerz Just Warned Central Banks Are Now In Panic Mode, Worried The Financial System Will Disappear Into A Black Hole appeared first on King World News.



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Saturday, July 27, 2019

KWN Special Audio Release Sunday. In The Meantime, Here Is The Stunning Quote Of The Day

The KWN audio interview will be released on Sunday. In the meantime, here is the stunning quote of the day.

The post KWN Special Audio Release Sunday. In The Meantime, Here Is The Stunning Quote Of The Day appeared first on King World News.



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Daily Digest 7/27 – Killer Heat Hits U.S. And Europe, Has F.I.R.E. Been Extinguished?


Economy

China-US Trade War: Japan G20 Déjà vu? (newsbuoy)

This past June 29, 2019 Trump and China president, Xi, met again at the G20 in Japan in the midst of a potential further escalating the trade war. Has anything changed as a result of their meeting? Or is it just deja vu of their prior G20 meeting in Buenos Aires on December 2, 2018?

Armed robbers steal at least $30 million of gold and precious metals in Sao Paulo airport heist (Sparky1)

The gunmen left the airport with approximately 750 kilograms (1,653 pounds) of gold and other metals due for shipment to Zurich and New York. No shots were fired and no one was injured during the robbery, the state news agency said.

According to Brazil’s Federal Highway Police, the thieves may have had access to internal information about airport operations.

Did Trump’s ‘Plan B’ For Iran Just Fail? (Michael S.)

The rhetoric from the Trump administration has already appreciably softened from the recent past. For instance, National Security Adviser John Bolton issued a statement earlier this year directly to Ayatollah Ali Khamenei on the anniversary of the 1979 Islamic Revolution in Iran, where Bolton concluded by saying, “I don’t think you’ll have many more anniversaries to enjoy,” a not very subtle threat of regime change.

Flags of inconvenience: noose tightens around Iranian shipping (Thomas R.)

In the biggest cull, Panama, the world’s most important flag state, removed 59 tankers linked to Iran and Syria earlier this year, a decision welcomed by the United States which wants to cut off Tehran’s vital oil exports.

Tulsi Gabbard Sues Google for Censorship of Ads (thc0655)

The Gabbard campaign’s legal complaint cites Breitbart News reporting to highlight Google’s interference in the democratic process. The complaint cites the Google Tape, an hour-long recording of Google executives’ reactions to the 2016 general election obtained by this reporter and published by Breitbart News last September, and Google employees’ campaign to ban Breitbart from Google Ads, an effort that was revealed by Breitbart News last year.

F.I.R.E. – Ignited By The Bull, Extinguished By The Bear (Joseph G.)

How did they make this happen? Shen and Leung, who was also a computer engineer, are part of the FIRE movement — which stands for Financial Independence, Retire Early — where the goal is to save a lot so you can retire early. The couple retired at 31 with roughly $1 million in the bank. They’re currently withdrawing 3.5% a year from that nest egg, and say they can easily travel the world on that money — as they’ve got lots of practice being frugal.”

Trump says U.S. could tax French wine in retaliation for digital tax (Sparky1)

“If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly,” Trump tweeted on Friday. “I’ve always said American wine is better than French wine!”

Inflation Ghosts: Past, Present & Future (GE Christenson)

Monetary inflation appears innocuous at first. Governments and economies need liquidity, print currency units and feed them into the economy. People feel wealthier. Prices rise, usually faster than income. Debt payments become more onerous and the standard of living declines. The central bank prints more currency.

NASA has revealed Orion, and its Artemis moon mission has never been closer (Thomas R.)

“The Orion crew vehicle for the Artemis 1 mission is complete and ready to begin preparations for its historic first flight,” said Vice President Pence, who joined NASA Administrator Jim Bridenstine and Apollo 11 Lunar Module Pilot Buzz Aldrin (among other NASA luminaries) onstage.

Rare brain-eating amoeba kills swimmer days after visit to Fantasy Lake water park in Hope Mills (Thomas R.)

Naegleria fowleri does not cause illness if swallowed but can be fatal if forced up the nose–which can happen to people when diving, water-skiing or doing other water activities.
The rare brain-eating amoeba usually infects people after it has been hot for a long period of time–creating a higher water temperature and lower water levels.

U.S. tax collectors urge owners of virtual currencies to pay back taxes, file amended returns (Sparky1)

In July 2018, the IRS announced that it would begin a series of compliance campaigns on U.S. taxpayers to “collect tax on worldwide income from all sources,” including transactions involving virtual currency.

Biosynthesis of cannflavins A and B from Cannabis sativa L (newsbuoy)

We provide evidence that a unique branch point from the general plant flavonoid pathway has evolved in C. sativa in which the widespread plant flavone, luteolin, is converted into cannflavin A and B via regiospecific methylation and prenylation reactions. The identification of these two enzymatic steps opens new opportunities for the metabolic engineering of cannflavin A and cannflavin B biosynthesis and underscores the value of phylogenomics driven gene discovery, an approach that is largely underutilized in the Cannabis research space.

With Congress limiting what can be dumped at nuke sites, the energy department may just redefine what it’s dumping (edelinski)

Washington is home of the Hanford Nuclear Site—also known as “the most toxic place in America”, which produced plutonium for the nation’s nuclear weapons program some 70 years ago in the throes of the Cold War. That site has been in a cleanup mode for 30 years, and the DOE is spending $110 billion to clean up 56 million gallons of chemical and nuclear waste stored in underground tanks. That task is expected to last possibly another 50 years. Hanford has also been called “an underground Chernobyl waiting to happen” because if just one of the nearly 200 tanks explodes, it could be catastrophic.

Killer Heat in the United States: Climate Choices and the Future of Dangerously Hot Days (Roger B.)

Extreme heat is poised to rise steeply in frequency and severity over the coming decades, bringing unprecedented health risks for people and communities across the country.

Europe heat wave: Temperatures hit 109 degrees in Paris “urban heat island” (Thomas R.)

The high heat has officials concerned about the stability of Notre Dame Cathedral, which almost burnt down in April. They worry the stones could become unstable leading to a collapse.

Heat, then hail: Weather and travel woes hit Britain, France (Sparky1)

It marked the second day of travel disruptions in European capitals after one of the hottest days in memory, when many places in Western Europe saw temperatures soar beyond 40 degrees Celsius (104 degrees Fahrenheit). Compounding that, the weekend is a big travel moment across Europe as families head off for their summer holidays now that schools have broken up for the academic year.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/11/19

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."

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Friday, July 26, 2019

Bullion Banks & Commercials Ramp Up Short Positions In Silver, Add To Gold Shorts

This week bullion banks and commercial hedgers ramped up short positions in the silver market and also added to gold shorts.

The post Bullion Banks & Commercials Ramp Up Short Positions In Silver, Add To Gold Shorts appeared first on King World News.



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The Antidote To This Insanity

Executive Summary

  • Our complex economy is poised for a forced, painful simplification
  • The urgency to prepare for this inevitable Tipping Point
  • The actions I'm taking right now in my own life to prepare for this
If you have not yet read Part 1: Overdosing On Crazy Pills, available free to all readers, please click here to read it first.
In the coming years and decades there will be hell to pay for society failing to properly assess the risks and re-align its priorities and activities accordingly. There’s not a lot you can do about any of it either.  That’s been my purpose in exploring the biological underpinnings, as well as the limitations and realities, of our genetic programming. Since humans are wired for optimism, and strongly discount the future for the present, then short-term decision making is what we’ll get. Unfortunately, we need long-term decision making.  But because that’s currently 'out of stock' in today's society, you need to do what you can at your own personal level. As I am fond of saying, when it comes to decision-making, I have great faith in individuals and almost no faith in groups. People I trust,.  Groups, not so much. The larger the group involved, the more suspect it becomes.  I’ll bet the founders of Google had the best of 'non-evil' intentions when they began.  But now the behemoth is busy spying for the government, helping to weaken and overthrow various foreign governments that are unfriendly to western business interests, and helping to rig domestic elections. Two guys doing pretty good.  Big giant powerful company becomes evil.  Stop me if you’ve heard that one before… So to take all of this seriously means taking the following steps to...   (enroll to keep reading)
Enroll Now
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Overdosing On Crazy Pills

Sometimes an otherwise-forgettable movie will be lifted up out of obscurity by the internet and made into a useful meme.

In the movie Zoolander Will Ferrell’s character, ‘Jacobim Mugatu,’ screams the line “I feel like I’m taking crazy pills!” because it seems nobody else sees what he does.

I have that feeling nearly every day now. And it’s getting more frequent and intense.

To the point where, some days, it feels like I’m in danger of overdosing on crazy pills.

Crazy Pill #1

Financial bubbles happen. History is full of them.  It’s just that they’re just not supposed to happen more than once a generation.

How can so many people have completely forgotten the painful lessons of not one, but two, recent bubbles?

The bursting of the DotCom bubble in 2000 was traumatic.  “Eyeballs” were favored for a time over “earnings.” But then investors woke up to the fact that all of their rationalizations for the sky-high valuations of profitless companies were actually ridiculous.

Okay, fine.  Lesson learned.  Earnings are actually important.

But here we go, again, less than 20 years after the DotCom bubble (and only 10 years post-subprime bubble — both far less than a full generation later to allow the keepers of the memories a chance to die off) with exactly the same dynamic at play:

% of IPOS with negative earnings

In the pre-financialization era that ended a few decades ago, a more normal mix would have been roughly 15% of IPOs with negative earnings.  Today it’s nearly 80%.

Just as it was in 2000.

By way of example, let’s look at Uber and Lyft.  Both companies aren’t just unprofitable, but wildly so.  The more these companies make in revenue, the greater the accompanying losses:

Lyft revenue & profit chart

(Source)

This is the very essence of a broken business model. It’s no different – literally, exactly the same – as a circa-1999 DotCom losing gobs of money on a pie-in-the-sky business scheme that sounded great but didn’t actually work.

No matter to Lyft’s stock price, though, as the market (or ““market”” as I refer to it because it’s so deformed it needs double quote marks to signify that condition) now values this cash-burning furnace at $18.9 billion:

Lyft stock price chart

Lyft’s stock price just keeps going higher, no matter the losses. One can only imagine how much higher it will explode if Lyft manages to somehow turn in slightly-less-than-negative-as-last-time earnings next quarter.

What matters during an asset price bubble is not the rational, but the rationalizations.  Uber and Lyft are “transforming transportation” and “reducing urban congestion” even though taxis already existed and there’s zero evidence of the latter.

Wolf Richter said it very well in a recent piece:

Anything goes: story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, and financial engineering stocks that generate mind-boggling share prices that give these companies incomprehensible market capitalizations, and the mere mention of “fundamentals” gets naysayers ridiculed and thrown out.

It’s like the whole market has gone nuts.

(Source)

The full quote that goes with the meme is “Doesn’t anyone notice this?!? I feel like I’m taking crazy pills!!”

How can people not notice what’s going on?

Crazy pills meme

Crazy Pill #2

I keep reading articles where hapless financial journalists try earnestly to make sense of a world that is now senseless.

It must be terribly frustrating to be see the impact the central bank bubble is having on distorting the markets, but your editors disallow you to point any of that out to your readers.

A recent WSJ article noted that investors poured money into bond funds at a record pace in the first half of 2019. It then went on to explain this as a sign that investors might be cautious about the economy.

Sure, that’s probably a fair conclusion during normal times. But not when crazy pills are being served buffet-style by the world’s central banks.

Instead, we have to note that the world now has a whopping $13.7 trillion in negative yielding bonds – meaning record high bond prices – and negative earning IPOs both existing simultaneously.

When investors are cautious, they move money out of stocks and into bonds.  That’s what the journalist was grasping for, but that’s not what’s happening now.  Money is flooding into both stocks and bonds.  It’s concurrently a risk-on and a risk-off environment — which means its actually neither.

It’s a bubble.

A magnificently-deformed time of massive monetary excesses.

We’re currently witnessing a massive blow-off top that will end in something quite akin to the Dark Ages – a time of systemic breakdown when we’ll be lucky to preserve the pinnacles of our current technological achievements.  But let’s save that idea for later.

To make the “Bubble!” claim more concrete, let me burrow in a bit.  Switzerland’s government bond market will serve nicely as a case in point:

Swiss 50-yr yield falls below 0%, entire Swiss curve now negative

July 25, 2019

(Reuters) – Swiss 50-year borrowing costs fell below 0% on Thursday for first time since August 2016, meaning Switzerland’s entire government bond market now trades with negative yields.

The 50-year yield fell 2.6 basis points to minus 0.014%.

(Source)

Pick any Swiss bond of any maturity and you’ll have to pay the Swiss government for the luxury of buying and holding that bond.

In the case of the 50-year bond, you’d pay $1,000 today for the pleasure of having the Swiss government promise to pay you back $993 in the year 2069.

Heck, even if the bond was paying 0% vs. a negative amount, that would mean that your money has no value.  You give an entity your money and they give you back exactly the same amount 50 years later.

But with negative interest rates, you’re getting even less than that back.

I could possibly make sense of that if we knew that the amount of circulating money was going to fall over time, so there were fewer claims against more ‘things’ over time.  That is, deflation.

But we’re in the exact opposite world with global central banks easing like mad at the moment and promising even more.  Rate cuts. And more QE. And making serious comments about maybe buying equities directly.  Or maybe just print up money and distribute it via MMT.  The central banks have promised in word and deed that they’ll do whatever it takes!

Against that backdrop, what can we make of the hundreds and thousands of individual “investors” that are actually buying the Swiss 50-year bond at a negative yield of -0.014%?

If they hold that bond to maturity, they’re going to get less money back than they put in AND the purchasing power of that money is going to be seriously diminished. What sane person would make that deal?

Again, doesn’t anybody notice this?

Crazy pills meme

Crazy Pill #3

By far the largest crazy pill I am taking, a horse-sized one that feels larger than my throat, concerns the serious consequences with society’s addiction to perpetual economic growth.

Edward Abbey said it best:

Edward Abbey quote

That’s what we’ve got now.

There’s nothing wrong with growth per se. But if it becomes the mission instead of the strategy, then it’s cancerous and self-destructive.

Virtually nobody in power ever questions the “need” for economic growth.  It’s a universally understood imperative, especially among the banking class.

Despite already having supremely frothy stock prices and negative bond yields that require mega-doses of crazy pills to even contemplate, the world’s central banks are desperately scrambling to justify easing more — to drive stock and bond prices to even frothier heights.

And for what exactly?  What’s so urgent, right here and now, about getting even more growth?

In nature, seasons come and go. The sun rises and sets. But if it were up to the central banks, the sun would stay perched at its mid-summer noon apex forever.  Think of the corn yields!

Maybe we can invent a pill that will banish sleep.  Think of the extra productivity of the resulting 80-hour work week!

Meanwhile, casually scanning the headlines we notice multiplying ecological breakdowns like these:

Individually any one of these might be explained away as a fluke. But collectively? They clearly shout that something is terribly wrong with the natural world resulting from our current monomaniacal pursuit of growth.

The current trajectory of the environmental data is frightening. People either are aware of this, ignorant of it, or in denial about it.  Anybody of my age (mid 50’s) who spent time outside as a kid, or has noticed the recent dearth of insects on the screen door on summer nights, can see with their own eyes how the natural world of insects and migratory birds has been collapsing.

Doesn’t anybody else notice this?

Crazy pills meme gif

To me, it’s just a simple statement of fact to say that the economy is a subset of the natural world.  No ecology = no economy.  No oysters in the bay means no oyster fishery.  No soil means no farming.

But the way things are currently configured, within every political and financial institution, along with their compliant media presstitutes, the one and only goal is more GDP growth.

Which means more throughput of ‘stuff’.  Resources + energy = more stuff.

When times get tough and GDP starts looking like it might (gasp!) fall, the State freaks out and floods the world with more money and more credit to cattle-prod the economy back to ‘health’.

The implicit, if not explicit, assumption contained therein is that some sort of salvation, or broad social good, results from perpetual GDP growth.

That was coincidentally true during the 1700’s, 1800’s and most of the 1900’s.  But it’s absolutely not true anymore in the 2000’s. The blind pursuit of growth is now diminishing society’s prospects, not enhancing them. But the keepers of power have not managed to adjust to this new reality.

At least not publicly. Though you should see the number of rich people and high-level government institutions that are preparing for massive disruptions by building world-class bug-out shelters and stocking up years of provisions.

You might consider doing the same. Just in case.

I certainly have.

Conclusion

Being at peace with today’s status quo requires taking crazy pills.  Lots and lots of them.

Such is the nature of late-stage bubbles.

It’s also the nature of civilizations that have run their narrative past the breaking point. Late-empire Romans needed crazy pills to believe in Emperor Caligula. So did the Aztecs when they embraced Cortez.

Towards the end, the leadership of a dwindling civilization isn’t the cause the decline, but reflective of it.  Once the narrative thread no longer makes any sense, having defective leadership is a requirement. It’s something the culture demands in order to keep the perverted status quo going.

This is why I’m strictly apolitical.  It matters not to me whether it would have been Trump or Clinton in the White House.  Either/both would have been similarly defective leaders.  We are badly off the rails at this point, and our political system reflects that.

Similarly, I’m agnostic about who heads the central banks around the world.  Draghi was loathsome, but Lagarde won’t be any better.  Powell certainly speaks more clearly than Greenspan, but he’s literally no different.

Today we have a small cabal of unelected officials, many without any real-world operating experience (such as starting and managing a productive business) setting the prices of not just money, but of every financial asset.  And after they “serve the public” they then rotate into the exact same banks and financial firms that most benefited from their “service.”

How is any of that different from the way the Soviet Union set crop targets and prices?  It’s not.

The bottom line is this:  Nothing will change until the system breaks.

It’s a 100% guarantee that somewhere between here and 2069 interest rates will be either very far north of -0.014% and/or the Swiss franc (and other fiat currency) has become worthless.

It’s a further guarantee that more cities and, possibly entire countries, will run out of fresh water. Agricultural soils will become vastly less productive. And the world will be well past peak oil.

In Part 2: The Antidote To This Insanity, we provide direct steps you can take right now to persevere, and potentially prosper, through what’s ahead. And to be ‘part of the solution’ vs among those still contributing to the catastrophes our culture is creating.

It’s entirely possible that ecosystem collapse will render whole new swaths of the globe uninhabitable to humans.

But, by all means, buy as much Uber and Lyft stock as you want.

But if you do, be sure to chug down a handful of crazy pills first.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access).

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