Top Silver And Economic News Today

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

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China Almost Back To Normal, Real Estate, Economic Destruction, And Good Luck

With the Dow rallying along with the US dollar, China is almost back to normal, plus a look at economic destruction and good luck.

The post China Almost Back To Normal, Real Estate, Economic Destruction, And Good Luck appeared first on King World News.

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Is Jerome Powell the Next John Law? with Alasdair MacLeod

GoldMoney’s Alasdair MacLeod joined us today for an extensive discussion of the collapsing dollar. Alasdair believes that the current state of the Fed guarantees a hyper-inflationary collapse. And that means that investments, savings and pensions will become near worthless. Of course precious metals will go exponential. Real estate and other property will initially lose its value but will recover down the road. Alasdair equates the current situation with France’s Mississippi Bubble. John Law controlled the central bank and printed money with complete abandon. In the end disaster resulted and revolution. The Fed is following the same course and we can all expect similar results. Thereby, leaving gold and silver and lead as your ultimate salvation.

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Note Investing Made Easier with Martin Saenz

Martin Saenz brings social good into smart investing. Martin is a Managing Partner of Bequest Funds. Renowned as a thought leader in the mortgage note investment industry, Martin is generous with his first hand expertise, to the benefit of his many clients and followers. Genuine, loyal, and passionate about creating a better world through profitable business, he works hard to share and spread success. Together with business partner Shawn Muneio, Martin co-founded Bequest Funds with the dual purpose of helping investors grow their wealth and helping mortgage borrowers stay in their homes. Martin owned and operated multiple successful companies prior to launching BeQuest. A successful entrepreneur and real estate investor for over 15 years, he brings a high level of strategy and experience to the Bequest model. He has directly helped over a thousand families stay in their homes, and countless more through the influence of his mentorship.

https://www.peakprosperity.com/forum-topic/the-sweden-states/#post-584253

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Daily Digest 9/30 – The Trouble With America’s Water, How A Secret Catholic Society Took Over SCOTUS

Economy

The Election Has Already Been Hijacked & The Winner Decided: ‘We, The People’ Lose (CleanEnergyFan)

Most of all, voters want to buy into the fantasy that when they elect a president, they’re getting someone who truly represents the citizenry rather than the Deep State (in fact, in the oligarchy that is the American police state, an elite group of wealthy donors is calling the shots in cooperation with a political elite).

The sad truth is that it doesn’t matter who wins the White House, because they all work for the same boss: Corporate America. Understanding this, many corporations hedge their bets on who will win the White House by splitting their donations between Democratic and Republican candidates.

Brooklyn Voters Receive Absentee Ballot Envelopes With Wrong Voter Names And Addresses (jdargis)

At this point, the BOE does not know how many voters may be affected or how it will remedy the problem. But Ryan said they will make sure the vendor addresses this problem in future mailings, and by determining the best way to make sure people who received erroneous envelopes receive new ones.

“We will ensure on behalf of the voters in Brooklyn that the proper ballots and ballot envelopes are in the hands of the voters in advance of Election Day so they can vote,” Ryan told Gothamist / WNYC. “This problem will get corrected,” he added.

Why Does Everyone in America Think They’re Middle Class? (tmn)

The idea that the United States occupies a special, leading, and exemplary place—the world’s exceptional nation because of its middle class—has existed inchoately for a long while, but the connection between exceptionalism and the middle class has tightened over time. Patriots and European travelers saw the United States as especially promising for its particular freedoms, distribution of (formerly native) land, and absence of aristocratic and churchly restraints. Frederick Jackson Turner’s writings on the frontier, like some of the work of Marx and Engels, posited that access to land set the United States apart from class-ridden Europe, with Turner adding that the frontier itself made for democratic practices. However, for Marx, Engels, and Turner, this process had an end, as frontiers ran out and troubles lay ahead.

Veteran, War Hero, Defendant, Troll (jdargis)

Kolfage, along with three others, including former White House chief strategist Steve Bannon, are charged with defrauding thousands of donors to Kolfage’s nonprofit, We Build the Wall. Prosecutors allege the men deceived donors by using Kolfage’s public persona and his pledge not to take a dime in salary. Instead, Kolfage pocketed more than $350,000, according to the indictment. The men have pleaded not guilty.

So far, the nonprofit has helped build two private wall projects, including one in the Rio Grande Valley that a ProPublica/Texas Tribune investigation found could topple into the river if not properly fixed and maintained.

I Lived Through Collapse. America Is Already There. (thc0655)

It honestly becomes mundane (for the privileged). As Colombo kids we used to go out, worry about money, fall in love — life went on. We’d pop the trunk for a bomb check. Turn off our lights for the air raids. I’m not saying that we were untouched. My friend’s dad was killed, suddenly, by a landmine. RIP Uncle Nihal. I know people who were beaten, arrested, and went into exile. But that’s not what my photostream looks like. It was mostly food and parties and normal stuff for a dumb twentysomething.

If you’re waiting for a moment where you’re like “this is it,” I’m telling you, it never comes. Nobody comes on TV and says “things are officially bad.” There’s no launch party for decay. It’s just a pileup of outrages and atrocities in between friendships and weddings and perhaps an unusual amount of alcohol.

The Fed Has Given Big Business A Huge Advantage (CleanEnergyFan)

On Thursday Powell and Mnuchin appeared before the Senate Banking Committee and answered even more questions about the hardship the coronavirus has brought upon the economy. While they see significant support for legislation that supports jobs and extending the PPP the recognized the gap between the House and Senate negotiations. Still, they gave little doubt more money and fiscal support will be needed and they are ready to act. This includes looking at ways to expand the Main Street lending facility and make the programs more flexible. This means we will probably see more money flowing into a forgivable loan or grant programs. Both indicated the need to get more PPP money to businesses with decreased revenue saying it would be very important in the effort to save jobs.

Charles Hugh Smith: Helicopter Money And The End Of Taxes (CleanEnergyFan)

We’ve already had a taste of free money for everyone in the $1,200 giveaway earlier this year. There was also talk of dispensing with the individuals’ share of Social Security/Medicare taxes (7.65% of earned income) for a limited time, but this created confusion because it was unclear if this was a temporary measure that would be due later or an actual freebie.

Clearly, this was a trial balloon for eliminating the Social Security/Medicare tax for low and moderate income households. Why collect $1,200 in SSA taxes and then hand the household $1,200? Why not just eliminate the tax?

NY Attorney General Says Cops Should Stop Making Traffic Stops, Ignore Warrants (thc0655)

“The vast majority of traffic stops — including this one — do not involve criminal conduct, yet the involvement of police in such situations can result in violent interactions,” the attorney general’s office said. “The untimely death of Mr. Feliz further underscores the need for this change.”

The report also “highlighted studies demonstrating disparities in the use of force during traffic stops against Black and Latino men,” according to the New York Post.

Minneapolis City Council Backtracking On Pledge To Dismantle PD Amid Spike In Crime (thc0655)

Recent Minneapolis crime data released by the police department showed dramatic spikes in all kinds of criminal activity across the entire city since the rioting began in late May, WCCO reported.

The city council president blamed the police department for the crime spike and said it happened because officers were intentionally making the city less safe.

The Court of God: How a Catholic Secret Society Took Over SCOTUS (westcoastjan)

While the Federalist Society itself has plenty of dubious relationships with individuals like Charles Koch and his network of billionaire oligarchs hell-bent on reshaping American politics to serve their ends, it is Leo’s association to another organization that reveals links to far older and more powerful networks that harken back to the most recondite history of Cold War politics and the CIA in their ostensible fight against communism through an “unholy alliance” between the intelligence agency, the Vatican and the Mob.

South Korean-Built Mini Nuclear Reactors That “Won’t Melt Down” Approved For US (CleanEnergyFan)

It’s part of a $1.3 billion contract between Doosan and American company NuScale Power for work on a major project in Utah, approved by the US Nuclear Regulatory Commission in late August.

The nuclear plant is scheduled to come online by 2029 under the operation of Utah Associated Municipal Power Systems, with the South Korean-made small reactor modules, or SMRs, considered crucial to the cutting edge infrastructure and updated safety measures.

‘We’ve always known ours was contaminated’: the trouble with America’s water (000)

nce a week, Florencia Ramos makes a special trip to the market in Lindsay, California. “If you don’t have clean water, you have to go get some,” says Ramos, a farm worker and mother of four who lives in the neighboring Central Valley town of El Rancho.

She has been purchasing water for more than a decade now. At first, the county well water that flowed through her tap contained high levels of nitrate, a pervasive health hazard across the rural US, where nitrogen-rich fertilizer and livestock manure seep into groundwater. While it never tasted bad, she recalls her water service provider instructing her not to drink it. Things didn’t get any better in 2016, when El Rancho plugged into the city of Lindsay’s water system. That water was – and still is – polluted with potentially harmful disinfection byproducts, which form when chlorine used to kill harmful organisms reacts with manure and other organic matter.

Gold & Silver

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Central Bank Gold-Buying Expected to Ramp Up Next Year

Central bank gold-buying is expected to ramp up again in 2021 with Russia and China possibly entering back into the market. Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020. Bloomberg reported that according to Citi, Russia could return to the market next spring […]

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Is This a Buying Opportunity for Silver?

Gold’s recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs. That has led some to speculate that we’ve seen a knockout blow for silver. These are generally the same people who have declared the gold bull dead. But I […]

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Tuesday, September 29, 2020

This Could Turn Into A Serious Problem After The US Election Or Even Before

This could turn into a serious problem after the US election or even before.

The post This Could Turn Into A Serious Problem After The US Election Or Even Before appeared first on King World News.

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Fauci Places Politics Over Science (and your health)

If you care about your health, and the role of science in shaping policy, this video is for you.

First, let me re-re-state that I am *not* political. At all.

This video is in support of science and is neither in support of or against any politician, bureaucrat, or political party. That said, Anthony Fauci’s recent Senate testimony was a hot mess of anti-scientific statements and (willful? Ignorant?) overlooking of known science.

While showing how he was deficient in his statements I present the science that supports views directly opposite to his testimony. Herd immunity is discussed. T-cell cross-reactivity, and how the NIAID/NIH/CDC/FDA are *still* not recommending that everyone take Vitamin D. It’s truly a shameful moment for medicine and science. It’s the triumph of ego, politics and money over compassion and doing the right thing.

In this video you will learn that:

Herd immunity seems to have been achieved, mainly in lower economic countries (a.k.a. “third world”)
That t-cell cross-reactivity with the common cold coronaviruses is indeed a very real thing (according to the NIH’s own scientists)
That adequate Vitamin D levels are associated with a halving of the rate of Covid-19 mortality
That Fauci confuses correlation with causation – a big no-no in the world of science.

It really shouldn’t be this confused at this point. But it is, and not because the science is muddled.

I’m pretty certain that the Youtube algos will shut this video down, unsubscribe people, etc. All because I’m focusing on the science and daring to think for myself and use logic. Those are no-nos in this Brave New World.

Links:

The Sweden States – Peak Prosperity member Base12

SARS2 – Tcell Cross Reactivity

https://www.nih.gov/news-events/nih-research-matters/immune-cells-common-cold-may-recognize-sars-cov-2

https://www.cell.com/cell/pdf/S0092-8674(20)30610-3.pdf

https://science.sciencemag.org/content/early/2020/08/04/science.abd3871

T-Cells Political Football

https://www.newscientist.com/article/2253386-what-are-t-cells-and-why-have-they-become-a-political-football/

NY 22 % seropositive

https://www.cdc.gov/coronavirus/2019-ncov/cases-updates/commercial-lab-surveys.html

Vitamin D in UK

https://www.telegraph.co.uk/news/2020/09/26/correcting-britains-vitamin-d-deficiency-could-save-thousands/

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US Dollar Weakness Ignites Gold, Silver, And Mining Stocks, But This Is The Shocking Thing About The Rally

Today weakness in the US dollar ignited gold, silver and miners, but this is the shocking thing about this rally.

The post US Dollar Weakness Ignites Gold, Silver, And Mining Stocks, But This Is The Shocking Thing About The Rally appeared first on King World News.

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Biden is No Ally of the Second Amendment with John R. Lott Jr.

Noted economist John R. Lott, Jr., rejoins us for a discussion of what life would look like under a Biden administration. Beto O’Rourke would be put in charge of gun confiscation and expect the lock downs to last many lifetimes. But there’s hope, Trump’s latest Supreme Court pick, Amy Barrett is a pro-second amendment jurist who believes in the sanctity of the constitution and it’s acknowledgment of rights granted by the creator. No wonder the Dems are demanding a court-packing scheme to allow them control of the Federal Courts.

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$1 Billion JP Morgan Gold Rigging Fine is the Cost of Doing Business with Robert Kientz

First-time guest Robert Kientz gives a close-up view of the latest market rigging scheme by JP Morgan. Like so many other settlements, they neither admitted or denied the truth of the charges that they rigged precious metals markets through a variety of manipulation schemes, such as bid spoofing and other nefarious deeds. One billion dollars is just the cost of doing business for the mega-bank. Expect more mis-deeds and more misbehavior in the years ahead. The king is dead, long live the king.

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Daily Digest 9/29 – 2020 Temps Tie For Record Hottest, Are Our Rituals Of “Prosperity” Increasingly Meaningless?

Economy

IRS may put cryptocurrency question at the top of 1040 to catch cheaters (tmn)

Ed Zollars, a CPA with Kaplan Financial Education, told The Wall Street Journal that this strategy helped the IRS crack down on the use of offshore bank accounts a decade ago. Adding an explicit question about offshore bank accounts to tax forms increased compliance with reporting rules and has added billions of dollars to the federal treasury.

Eighteen Million Meals: A Look Inside New York City’s Emergency Food Aid Stockpile (Eddie Jay)

On Monday, as part of a revised mission away from an emergency stockpile, those 3,600 cases are scheduled to be delivered to three sites of the Masbia soup kitchen network in Brooklyn and Queens — the first time items are being distributed to New Yorkers under the emergency food initiative announced in April.

“It’s perfect timing,” said Alex Rapaport, director of Masbia. “We’re overrun with need.”

The return of CHAZ: Riots in Seattle lead to looting (TourGuideDC)

It is also important to note that the National Guard was planning on coming into the state and dismantling the CHAZ, but eventually did not need to do so. It remains to be seen whether they will be activate once again in this case.

We will continue following this story as events unfold.

Goodbye To All That: Are Our Rituals Of “Prosperity” Increasingly Meaningless? (Don R.)

The enormous expense of once-affordable rituals such as dining out means many will give up these consumption rituals because they can no longer afford it. Two sandwiches and two drinks, sales tax and a tip is now routinely $50 or more. (Note to wealthy readers: in the real world, it’s pretty difficult to earn $50 net of taxes and the cost of doing business.)

Other consumption rituals were embedded in modes of work that are dissolving because they’re no longer financially viable. The rituals of business travel and attending conferences paid by employers are dying because the luxury of these consumption rituals is no longer affordable to employers whose revenues and profits are in terminal decline.

The World’s Space Agencies Are on a Quest to Deflect a (Harmless) Asteroid (TourGuideDC)

Now, the world’s space agencies are teaming up to take planetary defense beyond theory. This month, the European Space Agency (ESA) approved and funded their part of the Asteroid Impact Deflection Assessment (AIDA), a joint mission with NASA and other space agencies to, for the first time, attempt to alter the orbit of a sizable asteroid in deep space.

O.U.R. Receives $150,000 to $350,000 in PPP Funds (000)

Millions of Americans are still out of work despite the rebound after the unemployment rate skyrocketed to 14.7% back in April. Of course in Washington, when we say “unemployed” they really mean those who filed for benefits and are receiving benefits. Behind the scenes lingo in Washington, is called the U-3- “Unemployment rate”. In reality, nearly a quarter of Americans were unemployed. The U-6. “real unemployment rate” was at 22.8% which is just over 18% in June.

The Students Left Behind By Remote Learning (jdargis)

It soon became clear that, even with the computer, this form of schooling wasn’t going to work for Shemar. He had a wireless connection at his grandmother’s house, but he spent some of his days at a row house, a mile to the southwest, that his mother had moved into, in one of her repeated efforts to establish a home for them. A few weeks earlier, a twenty-one-year-old man had been killed a block away. There was no Internet, and when his mother called Comcast to ask about the free Wi-Fi it was offering to the families of Baltimore schoolchildren, she was told that a previous tenant had applied, so she couldn’t do so herself. It was a familiar situation for her: so often, when she made an effort on her son’s behalf, it foundered quickly in a bureaucratic dead end.

Out There, Nobody Can Hear You Scream (tmn)

Even though it is legal for me to have a gun, I cannot tell if, as a Black woman, I’d be safer with or without it. Back in 2016, I watched the aftermath of Philando Castile’s killing as it was streamed on Facebook Live by his girlfriend, Diamond Reynolds. Castile was shot five times at close range by a police officer during a routine traffic stop, when he went to reach for his license, registration, and permit to carry a gun. His four-year-old daughter watched him die from the back seat. In his case, having the proper paperwork didn’t matter.

Dr. Malcom Kendrick: False positive tests (dwatney)

This issue does not seem to have been discussed. If you want to prevent spread of COVID19, you would presumably want very few false negatives in these swab tests. Otherwise people will be told they don’t have the disease – when they do – and happily go off spreading it around. Equally, you would be relaxed about false positives. People would isolate when they don’t need to, but not a great health issue.

Weirdly, however, this does not seem to be the case.

Record fish kill at Lake Norman tops 7,000 (Frances K.)

McRae says that appears to have taken pockets of oxygen out of the lakes lower levels. Fish trapped at those levels were unable to swim to the highest layers of the lake, where oxygen remains plentiful, because the middle layers were already oxygen-starved. The fish died of asphyxiation.

Similar incidents occurred in 2004 and 2009, he says. But last year, the number of deaths were very small, just 300. And in 2004, they totaled just 3,000. Both those kills occurred in August.

May 2020: Global temperatures tie for record hottest (Frances K.)

Before we talk about the few cool anomalies, let’s talk about just how tremendously above normal temperatures were in Asia. Much of northern Asia in Siberia easily saw temperatures over 10°F above average for the month of May. As a continent, Asia was a record 2.09°C (3.6°F) above average for the month, marking the first time Asia’s May temperatures were above average by 2°C. Overall, 7.55% of the globe had record-high May temperatures, including parts of the Atlantic, Pacific and Indian Oceans, along with Western Europe, Central and South America, Africa, and Asia.

Gold & Silver

Click to read the PM Daily Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

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This Is The Next Key Level For Gold, Plus Consumer Confidence, Monetary Policy And Real Estate

With the US dollar trading lower, this is the next key level for gold, plus consumer confidence, monetary policy and real estate.

The post This Is The Next Key Level For Gold, Plus Consumer Confidence, Monetary Policy And Real Estate appeared first on King World News.

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Everyone’s Holding Their Breath for the Great Debate Circus with Nick Santiago (Ep #127)

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Yale Economist Warns of Looming Dollar Collapse

Peter Schiff has been warning about a looming dollar collapse. During an appearance on Fox Business in July, Peter said the dollar isn’t just going down, it’s going to crash. “I think the dollar is going to keep drifting down until it collapses,” Peter said. “And this is going to usher in a real economic […]

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Peter Schiff vs. a Marxist

Peter Schiff recently appeared on RT’s Crosstalk and ended up in a debate with a Marxist. The focus of the discussion was a “K-shaped” recovery where some people benefit economically, but we’re left with many permanently mired in an economic underclass. Peter said you can talk about a K, L, U or V-shaped recovery, but […]

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Monday, September 28, 2020

Mind-Blowing Chart Of The Day!

This chart of the day is mind-blowing.

The post Mind-Blowing Chart Of The Day! appeared first on King World News.

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Silver Has Major Underlying Base, That’s A Lot Of Pessimism, What Will Hold Its Value? Inflation And Deflation, Plus Highest Level In History!

Silver has a major underlying base, that's a lot of pessimism, what will hold its value, inflation and deflation, plus highest level in history!

The post Silver Has Major Underlying Base, That’s A Lot Of Pessimism, What Will Hold Its Value? Inflation And Deflation, Plus Highest Level In History! appeared first on King World News.

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The Case for Gold and Silver with Peter Hug

There’s an increasing level of fear both in the US and worldwide. The Fed was looking for the administration to get another fiscal package to help move things forward. Economic data has been relatively benign. In Europe there’s fear of another Covid wave. Peter Hug doesn’t expect the economy to shut down and he doesn’t expect the Congress to do anything either. So it’s highly doubtful that another stimulus package is coming. And the market has reacted accordingly. The Fang stock correction should have led to a rotation into other sectors. The resulting anxiety has led to a rush to cash. Peter went neutral/negative about a month ago. Two elements in the metals markets, one is raising cash by investors who had large profits and the fear trade is in full force and they’re moving into cash away from metals. Metals get hurt in a financial collapse until there’s governmental intervention. The market is hooked on continuous infusions of stimulus and pulling it back will cause nasty withdrawl pains. There’s no cohesiveness in government at all. Peter is sticking to his end of the year gold price estimate of $1911, but it could be low. We have not seen the high on gold yet in this wave.

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Economic Impacts of Second Lockdown Will Be Severe

There’s a growing wave of calls for second lockdowns of European areas. Some are already under more severe restrictions on gatherings and permitted business activity.

But are they really necessary?

That’s what I explore in this video.

I’m also trying out new technology to see if it works better than “the disembodied voice.”

Now with picture-in-picture (PIP).

And cats!

Come for the cat video, stay for the logic!

The post Economic Impacts of Second Lockdown Will Be Severe appeared first on Peak Prosperity.

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Quarterly Window Dressing in Full Force with Nick Santiago (Ep #126)

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Daily Digest 9/28 – The ‘Disruption’ Con, The Road To Nowhere

Economy

Stephen Roach says that negative net domestic saving in the US and a soaring current-account deficit will weaken the greenback fast (Downunder Bound)

The net national saving rate, which measures the combined depreciation-adjusted saving of businesses, households, and the government sector, plunged into negative territory at -1% in the second quarter of 2020. That had not happened since the global financial crisis of 2008-09, when net national saving fell into negative territory for nine consecutive quarters, averaging -1.7% from the second quarter of 2008 to the second quarter of 2010.

Cruise Critic: ‘Urgent Need for Ships to Start Sailing’ from Florida, Federal Maritime Commission Says (Roger B.)

In its latest Fact Finding 30 report, FMC Commissioner Sola indicates that Florida has lost $3.2 billion in economic activity and 49,500 local jobs paying approximately $2.3 billion in wages as a result of the suspension of cruising following the COVID-19 coronavirus pandemic and the U.S. Centers for Disease Control and Prevention’s No-Sail Order, in effect through September 30.

The report notes that Florida is home to the top-three multiday cruise ports in the world, with 59 percent of all embarkations in the United States taking place there in 2018. Including the corporate and administrative staff of the cruise lines headquartered in Florida, the cruise industry was responsible for over 149,000 jobs in the state totalling $7.69 billion in wages.

Why Silicon Valley CEOs are such raging psychopaths (Adam)

According to the Hare Psychopathy Checklist — the universally accepted diagnostic tool used to assess this disorder — a psychopathic personality includes traits such as a grandiose sense of self-worth, a lack of remorse or guilt, poor behavioral controls, pathological lying and a lack of empathy.

These attributes aren’t just present “but celebrated in Silicon Valley,” says Gavet, who once held the position of executive vice-president of global operations for Priceline Group, among other roles.

The disruption con: why big tech’s favourite buzzword is nonsense (tmn)

More specifically, though, disruption resonates with our experience of capitalism. Think of all the companies and products that you remember treating as seemingly permanent, inextricable fixtures of your everyday life, that nevertheless slid right out and disappeared with time. Recall, if you’re of the right age, the act of respooling a cassette tape with your pinkie finger, or the phrase “Be kind, please rewind”. Or, for a slightly younger generation, the whistles of a dial-up modem or the mastication of a floppy disk drive. Disruption tells a story that explains how things that seem as if they will last forever nevertheless come to be short-lived.

Inside eBay’s Cockroach Cult: The Ghastly Story of a Stalking Scandal (Andy B.)

In January 2019, the temperature in Global Security and Resiliency went up even further. Elliott Management, a hedge fund considered merciless even by Wall Street standards, bought a chunk of eBay and asked for changes. Nobody was safe — especially the chief executive, Devin Wenig. The co-founder of another company that had earlier drawn the attention of Elliott said the experience of looking up the fund online was like “Googling this thing on your arm and it says, ‘You’re going to die.’”

As Mr. Wenig and other eBay executives tried to make nice with the hedge fund, they did not want to hear criticism of the company. That could cause trouble. And if some critic persisted? They needed to shut up. If necessary, they needed to be scared speechless.

Charles Hugh Smith: The Road To Nowhere – Whatever Can’t Be Politicized Ceases To Exist (CleanEnergyFan)

To remain confidential, everyday life must be treated as wartime. Your hand-written journal is safe, as long as you don’t share it digitally. But since we’ve morphed into an engagement-based social order, your selfhood now depends on engaging others digitally via “likes,” shares, etc. and sharing your most “engaging” images and experiences.

A non-shared, non-digital private life is now a form of non-existence that most people find painful and isolating. Hence the obsessive addiction to social media and “sharing” one’s (carefully edited) life online.

Highly-Educated Americans Are By Far The Most Closed-Minded; Gallup (CleanEnergyFan)

What all of the billionaires want is what the American public get as their Government. It’s bipartisanship amongst its billionaires. That’s what produces this Government’s policies. It’s what determines the Government that Americans get. However, what is basic in making it a dictatorship of the aristocracy-type (such as this America is) is that the population is very prejudiced, not open-minded — not each individual constantly seeking solid evidence to change one’s mind about how society works (what the reality in the nation actually is), so as for one’s view to become increasingly accurate over time. Instead, one’s myths are constantly being fed. Such a public, as this, are not individuals, in a democracy, but more like mobs, very manipulable.

USA Watchdog: Evil Covid Lies & People Died – Chris Martenson (pinecarr)

Martenson says severe economic damage has been done to the economy. Wall Street wins while Main Street loses. Martenson contends, “The economy is very bad at this point in time, and it’s being covered up by a very, very complicit Federal Reserve that is just propping markets up. Citadel, the hedge fund where Former Fed Chief Ben Bernanke works, is just crushing it this year. The first half of the year they made more money than any other year. His company does nothing but just front run the Fed and scoop billions of dollars. The Fed is just rewarding skimmers and grifters. Meanwhile, Yelp just reported that nearly 100,000 U.S. businesses have permanently closed. There are coffee shops, restaurants, little inns, hotels and all kinds of things, and they are just crushed in this story. The Fed has been shoveling money to the super elites while everybody else has been suffering. The stimulus that has gone out has mainly gone to the well-connected, the megacorporations and the big banks. It’s really just cut the legs out from the upper middle class on down.”

Twenty-one states are reporting increased Covid-19 cases as experts warn of a fall surge (tmn)

The US could see an explosion of Covid-19 cases in the fall and winter as people exercise less caution and spend more time indoors, where there is a greater likelihood of transmission, according to Dr. Chris Murray, director of the University of Washington’s Institute for Health Metrics and Evaluation (IHME).

Murray says the IHME model shows a “huge surge” expected to take off in October “and accelerate in November and December.” The IHME model indicates that the country is currently seeing about 765 daily deaths from Covid-19, but that number could jump to 3,000 daily deaths by late December.

Forecasting Intelligence: Herd Immunity And The Politics Of Recovery (James W.)

I have quoted at the top of this blog post an extract from a recent article written by Sir Vince Cable. Many of you will be wondering who he is. Sir Vince is a left-leaning Liberal Democrat (in American terms within the liberal tradition of the Democratic Party) and he is certainly no fan of Donald Trump.

And that is why his comments are so interesting. I agree with him that President Trump chose to prioritise the economy in his wider approach to the virus. It is a perfectly rational decision, taking into consideration the human and economic costs of an extended period of lockdown that are devastating for the wider private sector economy.

Nuclear plants in Arabian Sea face tsunami risk (000)

“Siting nuclear reactors in areas prone to natural disasters is not very wise,” says M.V. Ramana, Simons Chair in Disarmament, Global and Human Security and Director, Liu Institute for Global Issues, University of British Columbia, tells SciDev.Net. “In principle, one could add safety systems to lower the risk of accidents — a very high sea wall, for instance. Such safety systems, however, add to the cost of nuclear plants and make them even more uncompetitive when compared with other ways of generating electricity.”

Mexican farmers revolt over sending water to US during drought (Eddie Jay)

Mexican farmers in the drought-stricken state of Chihuahua are pitted against riot squads from the national guard in an increasingly violent standoff over their government’s decision to ship scarce water supplies to the United States.

Trump Administration Moves To Expand Development In Alaska’s Tongass National Forest (edelinski)

The forest plays a major role in the battle against climate change: The Tongass is an enormous natural carbon sink, holding an estimated 8% of all carbon stored in U.S. national forests.

But the rule change might not be permanent: If elected, Democratic presidential nominee Joe Biden could reverse the decision.

Gold & Silver

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CONTRARIAN GOLD ALERT: Gold Now In Backwardation, Ominous Sign For US Dollar, Plus A Bonus Interview!

Here is a contrarian gold alert, gold now in backwardation, ominous sign for the US dollar, plus a bonus interview! Gold Now In Backwardation September 28 (King World News) – Garlic

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SilverCrest Metals Inc.

SILVER: Big Money From Across The World Invests In SilverCrest Metals! SilverCrest Metals Inc. – Top Silver Company! To Learn More About Why Big Money From Across The World Invests

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Sunday, September 27, 2020

Ludwig von Mises: The Pernicious Effects of Inflation

Many people claim there is no inflation. But as we have explained, when understood correctly, it becomes clear that inflation is rampant. In fact, it is at all-time record levels. Strictly speaking, inflation is an increasing money supply, and by that measure, it has set records for five straight months. Even so, many will swear […]

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We Don’t Need a Higher Minimum Wage; We Need to Fix Our Money

You’ve almost certainly heard about the “fight for $15” movement to increase the minimum wage. Well, some activists have upped the ante. How does “Fight for $20” strike you? Here’s the problem, these people are trying to solve a legitimate problem with a really bad solution. Last year, Rep. Rashida Tlaib (D-Mich.) called for a […]

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Greyerz – Will 2021 Be The Year The US Dollar Crashes And A New World Currency Is Unleashed?

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned we will soon see the US dollar crash and a new world currency will be unleashed.

The post Greyerz – Will 2021 Be The Year The US Dollar Crashes And A New World Currency Is Unleashed? appeared first on King World News.

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Saturday, September 26, 2020

Alasdair Macleod – Big Money Aggressively Buying Gold Takedown, Creating Major Problem For Bullion Banks

Today London analyst Alasdair Macleod told King World News that big money is aggressively buying the takedown in the gold market, and this is creating a major problem fo the bullion banks.

The post Alasdair Macleod – Big Money Aggressively Buying Gold Takedown, Creating Major Problem For Bullion Banks appeared first on King World News.

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Daily Digest 9/26 – Bezos Breaks His Climate Pledge, How the Pandemic Will Finally End

Economy

How Do You Know If You’re Living Through the Death of an Empire? (Merle2)

I spent the better part of a decade thinking about the end of the Roman Empire in its various manifestations. Academics, being academics, agree on very little about the topic. The idea of “fall” is now passé, for better and for worse; scholars prefer to speak of a “transformation” of the Roman world taking place over centuries, or better still, a long, culturally distinct, and important-in-its-own-right Late Antiquity spanning the Mediterranean world and beyond. If the Roman Empire did ever come to a real end, all agree, it was a long, slow process spanning many lifetimes—hardly the stuff of dramatic narratives. There are still a few catastrophists out there, but not many.

SEC Raises Bar for Shareholder Resolutions (000)

Commissioners voted 3-2 to pass a final rule requiring shareholders to hold $25,000 of stock for a year, up from $2,000 currently, in order to submit such proposals. That threshold will fall to $15,000 after two years of ownership and to $2,000 after three years, setting a sliding scale that gives priority to longer-term shareholders.

The new rule also raised the percentage of votes that proposals must receive to be resubmitted—and prohibits multiple shareholders who don’t individually meet the minimum thresholds from joining together to submit a proposal.

Stakeholder Capitalism Gets a Report Card. It’s Not Good. (jdargis)

Financed by the Ford Foundation, the study is the work of KKS Advisors, a consultancy that counsels companies on environmental policy, and The Test of Corporate Purpose, a group of researchers convened to assess how corporations have responded to the pandemic and the movement against racial injustice. Its advisory board includes a professor of management at the University of Oxford, and senior executives from financial firms including Morgan Stanley and Liberty Mutual.

At Pentagon, Fears Grow That Trump Will Pull Military Into Election Unrest (000)

President Trump gave officials no solace on Wednesday and Thursday when he again refused to commit to a peaceful transfer of power no matter who wins the election, and on Thursday, he doubled down by saying he was not sure the election could be “honest.” His hedging, along with his expressed desire in June to invoke the 1807 Insurrection Act to send active-duty troops onto American streets to quell protests over the killing of George Floyd, has incited deep anxiety among senior military and Defense Department leaders, who insist they will do all they can to keep the armed forces out of the elections.

‘There will be an orderly transition’: McConnell dismisses Trump’s refusal to commit to peaceful transfer (tmn)

Senate Majority Leader Mitch McConnell, R-Ky., tweeted Thursday: “The winner of the November 3rd election will be inaugurated on January 20th. There will be an orderly transition just as there has been every four years since 1792.”

On his way to the Senate floor after his tweet, McConnell ignored a reporter’s question on what he would do if Trump refuses to step down and whether he’d insist he do so.

We Aren’t Nationally Mourning The 200,000 COVID-19 Victims Because If We Did It Would Be A Reckoning (tmn)

Instead, at the highest levels of government, there have been attempts to downplay the severity of the pandemic and even discount the dead. On Wednesday, President Donald Trump insisted that the number of deaths from the coronavirus in the US — the highest in the world — was much lower “if you take the blue states out.” At a rally on Monday night, he told supporters, “it affects virtually nobody.”

Among people of color asked to join Covid-19 vaccine trials, worries about inequities run deep (tmn)

Lurking underneath both of those interactions was that old, oh-so-American anxiety about being unable to get medical care. It was just one of the everyday inequalities that made would-be volunteers hesitant as researchers scrambled to include more people of color in their studies — a must to ensure that the shots are equally safe and effective for everyone.

Comparative experimental evidence on compliance with social distancing during the COVID-19 pandemic (Stephan N.)

Compliance varies systematically with COVID-19 fatalities and the strictness of lockdown measures. We also find substantial heterogeneity in the role of individual-level predictors. While there is an ideological gap in social distancing in the US and New Zealand, this is not the case in European countries. Taken together, our results suggest caution when trying to model pandemic health policies on other countries’ experiences. Behavioral interventions targeted towards specific demographics that work in one context might fail in another.

Here’s How the Pandemic Finally Ends (tmn)

They agree there’s a lot of fog left in the Covid-19 crystal ball, but most accept several likelihoods: At least one effective vaccine—hopefully several—will be approved in the U.S. by early next year. Producing and distributing a vaccine will take months, with the average American not receiving their dose (or doses) until at least mid- or late 2021. And while widespread inoculation will play a large role in bringing life back to normal, getting the shot will not be your cue to take off your mask and run free into a crowded bar. The end of the pandemic will be an evolution, not a revolution, the vaccine just another powerful tool in that process.

Bezos breaks his climate pledge (tmn)

According to a report from E&E News on Monday, the Amazon founder and CEO “promised in February to pour at least $10 billion of his personal fortune into fighting climate change, and [said] that the effort would ‘begin issuing grants this summer.’ [Tuesday] is the first day of fall, and the Bezos Earth Fund — as he dubbed the venture — has yet to announce a single grant. Further, there’s been little public evidence of much other work or spending.”

Amazon did not respond to E&E News’s requests for such evidence. A spokesperson wouldn’t even go on the record to decline comment.

Why dangerous ‘forever chemicals’ are allowed in US drinking water (000)

PFAS compounds are also ubiquitous, used in a range of products, from food-delivery boxes to nonstick cookware to stain-resistant clothing. But one of the most troubling routes to PFAS exposure is drinking water that has been contaminated by discharges from factories and other facilities.

Indeed, PFAS have been detected in the drinking water of more than 1,400 communities in 49 states, according to research by the PFAS Project at Northeastern University in Boston and the Environmental Working Group (EWG), an advocacy organization that estimates that 110 million people may have tap water contaminated with the chemicals.

Gold & Silver

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Danielle DiMartino Booth: BUCKLE UP – Phase 2 Of Layoffs Hitting High Income Earners

Today Danielle DiMartino Booth gave an incredibly powerful interview covering everything from buying the dip in gold to warning the coming collapse may be worse than what we saw in 2008-2009 as phase 2 of the layoffs are now hitting high income earners.

The post Danielle DiMartino Booth: BUCKLE UP – Phase 2 Of Layoffs Hitting High Income Earners appeared first on King World News.

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Danielle DiMartino Booth: Broadcast Interview – Available Now

Danielle DiMartino Booth: CEO & Chief Strategist for Quill Intelligence LLC: Quill is a research and analytics firm. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy...

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Danielle DiMartino Booth

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Friday, September 25, 2020

Everything Going Back to Normal? with Nick Santiago (Ep #125)