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Tuesday, July 2, 2019

Off The Cuff: Cartel-driven Politics

In this week’s Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
  • Cartel-driven Politics
    • The debates reveal the agenda of the deep-pocket donors
  • Our Broken Health Care & Education Systems
    • They serve the cartels at the expense of their customers
  • 'Burnout' Is Becoming An Epidemic
    • And this is during the "good times"?
  • We Need A Movement Focused On "Meaning"
    • Isn't that (and happiness) what really matters in life?
This week Chris and Charles take a close look at the platforms being promoted by the bevy of presidential hopefuls, and lament the lock-step commitment to the same "business as usual" that is destroying the prospects and well-being of everyday Americans. Rather than looking critically at the "borrow and spend" addiction that is drowning us under an unserviceable mountain of debt and liabilities, the candidates are hustling to out-compete each other in spending $trillions more. All, of course, in service to the corporate cartels donating to their campaigns: 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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ALERT: This Is A Huge Warning As Gold Surges Back Above $1,400

With the price of gold rebounding back above the $1,400 level by surging $22, this is a huge warning.

The post ALERT: This Is A Huge Warning As Gold Surges Back Above $1,400 appeared first on King World News.



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Daily Digest 7/2 – U.S. Proposes Tarriffs On E.U. Products, A Heat Wave Tests Europe’s Defenses

Economy

At least 7 dead as tens of thousands protest in Sudan, demanding civilian rule (Sparky1)

The Central Committee of Sudan Doctors said there are “many reported critical injuries caused by the gunshots of Transitional Military Council’s militias” and that the wounded were being treated in hospitals. The Transitional Military Council has been running the country since the overthrow of former leader Omar al-Bashir.

Trump Helps Bring Shunned Authoritarians Back In From the Cold (tmn)

The encounters marked a welcome and long-sought return from the cold for the likes of Putin and Saudi Arabia’s Mohammed bin Salman, who have otherwise been the target of sanctions, isolation and opprobrium from the U.S. government. All came away having gained from the exchange, whether something concrete like trade concessions or more nebulous, such as legitimacy and respect.

Hong Kong: protesters take to streets on anniversary of China handover (Sparky1)

While an official ceremony took place at the Hong Kong Convention and Exhibition Centre to mark the 22nd anniversary of the return of sovereignty from Britain to China, tensions spiked once more in the financial hub after hundreds of mainly young, masked protesters mostly in black wearing hard hats and goggles seized three key thoroughfares, some deploying metal and plastic barriers to block the way.

Defense Department to ban beer and pizza? Mandatory keto diet may enhance military performance (Thomas R.)

“One of the effects of truly being in ketosis is that it changes the way your body handles oxygen deprivation, so you can actually stay underwater at depths for longer periods of time and not go into oxygen seizures,” Sanders said at the Special Operations Forces Industry Conference last month.

Discussion of new dietary guidelines for service members comes at a time of growing concern about obesity in the military and its potential threat to readiness.

Inside the Secret Border Patrol Facebook Group Where Agents Joke About Migrant Deaths and Post Sexist Memes (Sparky1)

“These comments and memes are extremely troubling,” said Daniel Martinez, a sociologist at the University of Arizona in Tucson who studies the border. “They’re clearly xenophobic and sexist.”

The postings, in his view, reflect what “seems to be a pervasive culture of cruelty aimed at immigrants within CBP. This isn’t just a few rogue agents or ‘bad apples.’”

UK: 80 Per Cent of Police Physically Attacked as Violent Crime Rises (thc0655)

Police officers are not the only first responders in Britain to be experiencing rising violence in the line of duty. Trade union GMB released statistics last year revealing that 72 per cent of ambulance workers have been attacked, with staff having been left with broken bones, stab wounds, and bite marks whilst trying to discharge their duties administering medical aid.

There has also been a rise in attacks on firefighters, and two prison guards are treated by accident and emergency units in hospitals every day.

US proposes tariffs on EU cheese, pork and whiskey (Sparky1)

Trump has made taking aim at what he views as unfair trade practices that disadvantage the US a key goal of his presidency, and tariffs are his favored tool for doing so.

The latest chapter in the US-EU trade spat comes amid a trade war between Washington and Beijing that has seen the two sides impose tariffs on hundreds of billions of dollars in two-way trade.

Pesticide Emergency Exemptions; Agency Decisions and State and Federal Agency Crisis Declarations (Sparky1)

EPA has granted emergency exemptions to the following State and Federal agencies. The emergency exemptions may take the following form: Crisis, public health, quarantine, or specific. EPA has not denied any emergency exemptions in this notice.

Glastonbury fans leave thousands of plastic bottles and rubbish despite eco-warrior plastic ban (thc0655)

There were more than one million plastic drinks bottles sold at the festival in 2017, and zero sold in 2019.

This weekend saw scorching temperatures hit Glastonbury as the UK baked in a heatwave.

Trade Truce Sends Oil Prices Higher (Michael S.)

The political dynamic may also constrain both leaders. Trump is trapped between trying to present a tough approach towards China while also needing to avoid an economic slowdown, especially with the presidential campaign heating up. He will even face pressure from some in his own party. For instance, Senator Marco Rubio denounced Trump’s decision to back off sanctions on Chinese tech firm Huawei.

Guadalajara, Mexico, covered in ice after a freakish summer hailstorm (Sparky1)

Low pressure extending south from the US and Mexico border had been forecast to contribute to developing storms along the boundary separating different air masses, CNN Meteorologist Michael Guy said.

“Once these storms developed, all the ingredients came together for there to be this strange hailstorm over Guadalajara,” he said.

Antarctic sea ice in dizzying decline since 2014: study (Sparky1)

Unlike the Arctic, Antarctica is not warming and remains the coldest place on Earth, as well as its largest source of freshwater.

Its mountains are covered in ice are capable of raising the level of the oceans by 57 meters, according to a 2013 study.

Welcome to the fastest-heating place on Earth (tmn)

Svalbard is unique, but also a microcosm of what is happening in the wider world. The archipelago – which is slightly smaller than Ireland – is at the centre of a perfect climate storm. Temperature pressures come from above (the Arctic atmosphere, which is heating at twice the global average) and the nearby ocean (which brings ever warmer currents from the Gulf of Mexico). As its white, snowy surface melts, the land reflects less and absorbs more heat from the sun. As the ice around the shores disappears, the previous calm continental weather is being replaced by rough coastal storms.

Solar eclipse 2019: How to watch the solar eclipse TODAY when the moon blocks out sun (Thomas R.)

The solar eclipse will be visible over a 125-mile (200km) wide path which spans from coast to coast across Chile and Argentina.

However, the maximum time of four minutes and 33 seconds may be visible only to observers on boats and aeroplanes, as it will be happening over the Pacific Ocean.

Japan resumes commercial whaling for first time in 30 years (Sparky1)

The five Kushiro vessels will together kill 227 whales through to late December, according to the fisheries agency, which had delayed announcing the quota until the conclusion of the G20 summit in Osaka on Saturday. The quota includes 52 minke, 150 Bryde’s and 25 sei whales, the agency said.

A Heat Wave Tests Europe’s Defenses. Expect More. (Sparky1)

It is part of an unmistakable trend: The hottest summers in Europe in the last 500 years have all come in the last 17 years. Several of those heat waves bear the fingerprints of human-caused climate change. In years to come, scientists say, many more are likely to batter what is naturally one of the world’s temperate zones.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/1/19

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 7/2 – U.S. Proposes Tarriffs On E.U. Products, A Heat Wave Tests Europe’s Defenses appeared first on Peak Prosperity.



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Negatively-Yielding Debt Surges to Record Levels

The total amount of negatively-yielding debt globally surged to more than $13 trillion for the first time ever late last month. The amount of negative-yielding bonds has grown precipitously since the Federal Reserve did a monetary policy 180 with the Powell Pause earlier this year. The European Central Bank poured fuel on the fire last month […]

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Weaponizing the Dollar Is Risky Business (Video)

SchiffGold’s own Mike Maharrey recently appeared on RT to talk about the potential consequences of US policies that effectively weaponize the dollar. We’ve been reporting extensively on efforts by Russia, China and other countries to minimize their exposure to the dollar. Russia and China recently agreed to increase trade using their own national currencies. This […]

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Mickey Fulp – Monthly Major Market Review for June 2019

from Financial Survival Network

Mickey Fulp is back for another monthly review… US Stock markets regained last month’s lost ground. Canadian markets and emerging markets followed suit. Dollar flat, Euro up 1.7%, Bitcoin the month’s big winner up 48.8% to 12323, 10 year treasury yield down to just 2.0%. Silver rose 5% and gold closed out at 1410. Platinum was up 5% to 834 and Palladium soared to 1516 an amazing close. Copper down nearly 3.3% to 2.71 per lb. WTI recovered 8.80% to 58.20 and Brent followed suit up 3.3% for the month. Natgas continued its slide down another 5.5%. Uranium was up 23.85. Gold/silver ratio hit 92.3. Plat to AU at .59, Plat to Pal down to .55. That’s it for June, check back next month for July’s performance.

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Monday, July 1, 2019

Multi-billionaire Hugo Salinas Price Just Warned This Is What Has International Bankers So Worried

Multi-billionaire Hugo Salinas Price just warned this is what has international bankers so worried.

The post Multi-billionaire Hugo Salinas Price Just Warned This Is What Has International Bankers So Worried appeared first on King World News.



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First Time In 80 Months! Plus Gold Is Rising In Popularity But Here Is Why You Don’t Have To Worry About Silver

Take a look at what just happened for the first time in 80 months! Plus gold is rising in popularity but here is why you don't have to worry about silver.

The post First Time In 80 Months! Plus Gold Is Rising In Popularity But Here Is Why You Don’t Have To Worry About Silver appeared first on King World News.



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Astonishing Look At The Fierce Trading In Gold, A Major U-Turn By This Central Bank And Trouble Brewing In The US And China

Here is an astonishing look at the fierce trading in the gold market, a major u-turn by this central bank, and trouble brewing in the US and China.

The post Astonishing Look At The Fierce Trading In Gold, A Major U-Turn By This Central Bank And Trouble Brewing In The US And China appeared first on King World News.



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John Rubino – Gold Pullback and Democrats Demise

from Financial Survival Network

John Rubino returns… Free college keeps sounding better and better. Maybe Bernie is on to something. How many kids are now taking out big loans in the expectation of the Bernie Put, or forgiveness of student loans. Gold and Bitcoin pulled back a bit but are probably just consolidating for the next advance. It’s a mixed up crazy world.

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Todd “Bubba” Horwitz – Selling Pressure for Gold and Bitcoin

from Financial Survival Network

Todd “Bubba” Horwitz is the man behind TheBubbaShow.org and BubbaTrading.com. Gold and Bitcoin have seen some selling pressure over the past couple of days. Gold peaked on Monday and Bitcoin late on Wednesday. The key reversal patterns were unmistakable in both. The metal and the crypto both made recent highs and had dramatic sell offs from the highs. On Monday as it looked like Gold was going to the moon and traded as high as 1442, though it fell apart falling about 3% since. Our target remains 1380-1390, which should be the lows of the current down move. In identical fashion, Bitcoin was exploding on Wednesday making 3-year highs before reversing 2% from the highs. These patterns are common in all markets, traders and investors chase markets higher on the fear of missing out or short covering. Once markets regain equilibrium, they usually consolidate looking for support or resistance. In this case, both gold and bitcoin are searching for support. Both markets should resume there upward momentum after finding support, Gold 1380-1390 and Bitcoin around 10,000.

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PERFECT GOLD STORM: Despite Volatility, Price Of Gold Set To Dramatically Accelerate Toward $10,000!

With volatility ramping up in the gold market, it appears that a "perfect gold storm" is coming and the price of gold is set to dramatically accelerate toward $10,000 after consolidating.

The post PERFECT GOLD STORM: Despite Volatility, Price Of Gold Set To Dramatically Accelerate Toward $10,000! appeared first on King World News.



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Daily Digest 7/1 – 80% Of Stock Market Now On Autopilot, Prepping For The Pork-Pocalypse


Economy

80% of the stock market is now on autopilot (Adam)

While algorithmic models have gained popularity on Wall Street, low-cost passive vehicles keep raking in assets from Main Street. Passive funds have attracted $39 billion of inflows so far this year, whereas active funds lost a whopping $90 billion in 2019, according to J.P. Morgan.

Central bank plans to create digital currencies receive backing (Adam)

Central bankers, including Mr Carstens, have been dismissive of the first wave of cryptocurrencies, viewing the likes of bitcoin and ethereum as speculative instruments that cannot be described as money due to the volatility of their value against the most widely used state currencies, such as the US dollar and the euro.

Do the Republicans Even Believe in Democracy Anymore? (newsbuoy)

We have been brought up to believe that American political parties are the same — that they are similar creatures with similar traits and similar ways of behaving. Political science spent decades teaching us this. The idea that one party has become so radically different from the other, despite mountains of evidence, is a tough sell.

Government outlaws multi-currency system, reintroduces Zim dollar (Sparky1)

“Accordingly, the Zimbabwe dollar, with effect from 24th June, 2019, but subject to subsection 3, be the sole legal tender in Zimbabwe in all transactions,” Statutory Instrument 142 says.

The new Zimbabwe dollar will have same boundaries, extent in space, time, or meaning as the RTGS dollars, which entails all bond notes and approved forms of electronic money in Zimbabwe.

Perence Shiri bans buying and selling of maize in Zimbabwe (Sparky1)

The Minister of Lands, Agriculture, Water, Climate and Rural Resettlement Retired Air Marshall Perence Shiri has enacted Statutory Instrument 145 of 2019 (Grain Marketing Control of Sale of Maize Regulations, 2019) which bans the buying and selling of maize among unauthorized persons in Zimbabwe.

The SI says, “No person or statutory body or company or entity shall buy or otherwise acquire any maize from any farmer or producer otherwise than through the Grain Marketing Board.”

The Coming Cash For Not-Clunkers (thc0655)

Given the choice between a $45,000 electric crossover SUV and a non-electric crossover of the same general size (and with more range and without needing to be hooked to a “fast” charger for 30-45 minutes to recover a partial charge) that can be bought for $20,000 less, which do you suppose most people will choose?

If they are allowed the choice.

Russia plans to tow a nuclear power station to the Arctic. Critics dub it a ‘floating Chernobyl’ (thc0655)

Russia’s civilian nuclear industry also faced public questions following the Chernobyl catastrophe, which shaped concerns about “the peaceful atom” for decades to follow. Construction of dozens of nuclear plants stopped, affecting not only massive Chernobyl-scale projects but also slowing down the use of low-power reactors like the one in what would become the floating station (The Chernobyl plant produced up to 4,000 megawatts. Lomonosov has two reactors producing 35 megawatts each).

Piles of poop, litter on trails, trampled wildflowers. In the social-media era, Washington’s public lands are being destroyed. What can be done? (thc0655)

“I’ve heard people say people who do these things are just ‘hiking their own hike.’ That doesn’t mean you do what you damn well please. Trails are on public property and come with rules and regulations. Roads are public property, too, and we share them with a lot of people. I can’t just drive my own drive. … That mentality astounds me. Trails are being inundated with a lot of new, clueless people right now, and we need a massive public-education campaign.”

On a tiny, isolated island, USDA scientists race to prep for the pork-pocalypse (edelinski)

The pigs arrived a week or so before the vets descended on Plum Island for FADD School—the two-week course that mints new Foreign Animal Disease Diagnosticians. There’s a delicate balance to inoculating animals with a fatal virus for educational purposes: You can’t inject them too early, or they’ll die before the students have a chance to observe their symptoms (and, later, to perform a necropsy—the animal version of an autopsy). You also can’t inject them too late, or they’ll stay perfectly healthy for the duration of the visit, only to drop dead soon after. The ASF-afflicted pigs will be observed each day as the virus progresses, then euthanized and examined more closely.

Gold & Silver

Click to read the PM Daily Market Commentary: June 2019

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 7/1 – 80% Of Stock Market Now On Autopilot, Prepping For The Pork-Pocalypse appeared first on Peak Prosperity.



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Peter Schiff: The Reality on Wall Street

The Dow Jones just had its best June since 1938. Overall, stocks were up around 7% last month. It was also the best first half for stocks in 22 years. Meanwhile, gold gained about 8% on the month. As Peter pointed out in his latest podcast, while stocks had significant gains in dollar terms, they […]

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Peter Schiff: Gold Glitters in Times of Turmoil

Although it has given back some of its gains with news of a ceasefire and a resumption of talks in the trade war between the US and China, gold has surged over the last couple of weeks driven by global instability and turmoil – not only from the ongoing trade conflict, but also with the […]

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