I’ve written sever Fun on Friday articles about gold scams. Usually, the victims are elderly folks and you can kind of understand how they might get fooled by scammers. But you know who I wouldn’t expect to get conned in a gold scam? Pawnshop owners. And yet, here we are. I mean, these people buy […]
from SchiffGold https://ift.tt/2EqIcfW
Friday, August 28, 2020
How in the World Did We Get Here? SchiffGold Friday Gold Wrap Aug. 28, 2020
Peter Schiff has been saying that the economic problems we face weren’t caused by the coronavirus pandemic — at least not directly. We were already in deep trouble long before COVID-19 arrived on the scene. In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey takes us on a journey back through […]
from SchiffGold https://ift.tt/3ltjEmP
from SchiffGold https://ift.tt/3ltjEmP
Thursday, August 27, 2020
Today’s Takedown Was Almost All Levered Futures Selling And Gold Bears May Get Their Faces Ripped Off, Plus All-Time High And More
Look at who said today's takedown was almost all levered futures selling and gold bears may get their faces ripped off, plus all-time high and more.
The post Today’s Takedown Was Almost All Levered Futures Selling And Gold Bears May Get Their Faces Ripped Off, Plus All-Time High And More appeared first on King World News.
from King World News https://ift.tt/2YFlyHr
A New Way to Tap Your Equity Without a Credit Report with Matthew Sullivan
from Kerry Lutz's Financial Survival Network
Click Here to Listen to the Audio
Matthew Sullivan has found a better way to draw down equity in your home. Rather than loan you the money, he’ll buy a piece of your home and won’t charge you any interest or require any monthly payments. He’ll take his cut when you sell your home or you buy him out. Which could be a very good way to quickly get some needed cash. You won’t need to fill out a credit app or go begging your banker. It’s all very straight forward and easy. It’s worth checking out if you have equity in your home.
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2YFy3mu
Raids Come and Go, but Gold is Still Gold with Nick Santiago (Ep #106)
from Daily Market Wisdom with Nick Santiago
1. Jay Powell gave his virtual Jackson Hole speech. He will remain accomodative and he will keep the pedal to the metal at this point until further notice. They’re saying they’ll let inflation run over 2%. Markets seem to like it. Futures moved higher and so did bond yields. Yields have bottomed and are up 4.5 basis today and will probably work their way higher. We could see 1.5% yields. It will have short term positive affect on the markets, but if they get too high, the market will take a hit. Could be on their way to 3%. Could be in two years or less. Now’s the time to borrow. The Fed doesn’t control, the bond market does. Can unlimited monetization continued unfettered.
2. Markets are up broadly Dow, Russell, S&P and Nasdaq. Bank stocks are very strong. What will increasing rates do to the market? We’re getting to the the 60 day time before the election. It’s a very tenuous time. Policies between Trump and Biden are diametrically opposed. Higher taxes, more regs, new green deals etc. Bad for energy. Next 60 days.
3. Gold and silver started up and then got slammed and is down $37 on the spot silver .79. Futures are down less than the spot. They never seem to match. Fake rally yesterday. Longer term trader/holder don’t worry. For traders buy signal will be forthcoming. Not much downside. This time isn’t different.
For more info, go to InTheMoneyStocks.com.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/31yP2sv
Daily Digest 8/27 – Fed Shift Could Keep Interest Rates Low For Longer, Hurricane Laura Arrives On LA Coast
Economy
Why Trump is betting his political life against Black Lives Matter protests (edelinski)
Trump will, tonight, address a Republican convention that has made clear the extent to which he sees the chaotic streets as a path to his re-election. His bet is essentially the same he’s been making since May: that, eventually, disorder will send voters into the arms of the candidate who enthusiastically embraces police.
“We will always stand with those who stand on the thin blue line and we’re not going to defund the police — not now, not ever,” Vice-President Mike Pence said Wednesday night in a preview of the president’s message.
Fed’s Shift Could Keep Interest Rates Low for Longer: Live Updates (jdargis)
“Our revised statement emphasizes that maximum employment is a broad-based and inclusive goal,” Mr. Powell said in remarks prepared for delivery Thursday, and “this change reflects our appreciation for the benefits of a strong labor market, particularly for many in low- and moderate-income communities.”
The Fed had been raising rates as joblessness fell to avoid economic overheating that ended in breakaway inflation, but in recent years, price gains have been tepid. The changes are an explicit recognition that too low, rather than too high, inflation is the problem.
Long Beach Mayor Plans Universal Basic Income Experiment (tmn)
Long Beach would be following in the footsteps of cities like Stockton, where 125 residents have been getting $500 per month since early 2019. Early results there indicate people are spending much of the money on basic necessities like food, household goods, clothing and utilities.
Garcia said these efforts are more important than ever, due to the widening economic inequality brought on by the coronavirus pandemic, especially for people of color.
When Half Of NYC’s Tax Base Leaves And Never Comes Back (thc0655)
New York’s Governor Andrew Cuomo has seen a bit of the iceberg in the distance. He recently took to MSNBC to beg the city’s wealthy, who fled the coronavirus outbreak, to return. Cuomo said he was extremely worried about New York City if too many of the well-heeled taxpayers who fled COVID decide there is no need to move back. “They are in their Hamptons homes, or Hudson Valley or Connecticut. I talk to them literally every day. I say. ‘When are you coming back? I’ll buy you a drink. I’ll cook. But they’re not coming back right now. And you know what else they’re thinking, if I stay there, they pay a lower income tax because they don’t pay the New York City surcharge. So, that would be a bad place if we had to go there.”
New Covid-19 testing guidelines, crafted at the White House, alarm public health experts (tmn)
“This is a collective experience that grows more concerning each day. It is substituting potential partisan policy for good regulatory and public health science,” said Michael Osterholm, director of the University of Minnesota’s Center for Infectious Diseases Research and Policy.
“The two foundational organizations in this country for public health really have been the CDC and the FDA” — the Food and Drug Administration — and the credibility of both has just really been undercut,” Osterholm said.
Remember The Pandemic? (tmn)
If the pandemic were truly in the past, however, Kudlow would have been delivering that message to a packed, roaring crowd at the Spectrum Center in Charlotte, North Carolina. Instead, Kudlow was speaking from a wood-paneled room at his home in Redding, Connecticut—a rural community with a population of fewer than 10,000 in one of the few states that has brought the coronavirus outbreak under control. He introduced himself as someone familiar to viewers who have seen him frequently “on TV and radio,” but so too was the tableau: a talking head surrounded by bookshelves and the comfort of a home that is not safe to leave.
Starbucks Cafe’s Covid Outbreak Spared Employees Who Wore Masks (tmn)
The Starbucks case is one of “the most important opportunities to study risk factors among a more or less controlled cohort of people,” said Arnold Bosman, director at Transmissible BV, a Netherlands-based developer of training materials for outbreak control. “This Starbucks event will be a very valuable training exercise for future generations of epidemiologists.”
Historynet: Debunking Boston Tea Party Myths (000)
As MPs debated the advisability of a government takeover, they also discussed schemes for unloading the company’s 18 million pounds of surplus tea. The European market was already saturated, but the American market was not. In theory, the East India Company could sell many tons of tea there if taxes were lowered. Two separate taxes were involved: one imposed on tea coming through Britain on its way from India and China to Western markets and another imposed when it arrived in America. Although cutting either one was an economically viable option, repealing the American tax would have had the added benefit of improving relations with colonists. That’s precisely why Lord North, the prime minister, rejected the idea.
Hurricane Laura arrives on Louisiana coast as Category 4 storm (Sparky1)
AccuWeather meteorologists warned that complete destruction of mobile homes along with roof and wall failure is possible from Laura. Locations could be uninhabitable for weeks or months, and roads impassible from large debris.
The US is in a water crisis far worse than most people imagine (Sparky1)
Each water system is unique, but some of the most toxic offenders include hexavalent chromium (an anticorrosive agent), PFOA (used to make Teflon pans), PFOS (a key ingredient in Scotchgard), TCE (used in dry cleaning and refrigeration), lead, fracking chemicals, chloramines (a water disinfectant) and more. Many of these chemicals are undetectable for those drinking the water. Many cause irreversible health problems and people in communities throughout the country are dealing with these repercussions.
Like a blood test for disease, you can only find what you test for. If you don’t order a specific test for one of these chemicals, you won’t know it’s there. And you can’t treat water unless you know what’s in it.
Unless we change course, the US agricultural system could collapse (Sparky1)
Even as snowmelt gushing from the mountains dwindles, the Central Valley farming behemoth gets ever more ravenous for irrigation water, switching from annual crops that can be fallowed in dry years to almond and pistachio groves, which require huge upfront investments and need to be watered every year. As a result, farm operations are increasingly resorting to tapping the water beneath them. Between 2002 and 2017, a period including two massive droughts, farmers siphoned enough water from the valley’s aquifers to fill Louisiana’s Lake Pontchartrain three times.
Bill McKibben: 130 Degrees (000)
The nations that use fossil fuel in large quantities have raised the temperature of the planet one degree Celsius (that’s about 1.8 degrees Fahrenheit) above its level before the Industrial Revolution. We passed the mark around 2015, which was coincidentally also the year we reached the first real global accords on climate action, in Paris. A rise of one degree doesn’t sound like an extraordinary change, but it is: each second, the carbon and methane we’ve emitted trap heat equivalent to the explosion of three Hiroshima-sized bombs. The carbon dioxide sensors erected in 1959 on the shoulder of the Mauna Loa volcano in Hawaii recorded a new record high in late May of this year, showing an atmosphere of about 417 parts per million CO2, more than a hundred above the levels our great-great-grandparents would have known, and indeed higher than anything in at least the last three million years.
Gold & Silver
Click to read the PM Daily Market Commentary
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 8/27 – Fed Shift Could Keep Interest Rates Low For Longer, Hurricane Laura Arrives On LA Coast appeared first on Peak Prosperity.
from Peak Prosperity https://ift.tt/3lopvdj
Gold Reacts, Fed May Not Like What It Sees
Gold initially rallied today on Fed release discussing inflation but the Fed may not like what it sees regarding future inflation.
The post Gold Reacts, Fed May Not Like What It Sees appeared first on King World News.
from King World News https://ift.tt/31xY1dd
Media Demands Cash Use; Calls Cashless Society a “Conspiracy Theory”
We’ve written extensively about the “war on cash.” Government officials and academics offer all kinds of plausible rationals for moving toward a cashless society. Most of them involve consumer convenience and the ability to battle drug dealers and big-time criminal organizations. But make no mistake, governments love the idea of eliminating cash for more a […]
from SchiffGold https://ift.tt/2Evvs7E
from SchiffGold https://ift.tt/2Evvs7E
Bad Monetary Theory Leads to Disastrous Government Policies
Last month, gold broke its all-time record price. As we have explained, to really understand what’s going on, you need to flip the equation. Dollars are at an all-time record low compared to gold. Simply put, the recent surge in gold prices is all about currency debasement. We were on this path long before coronavirus […]
from SchiffGold https://ift.tt/3b0t4l6
from SchiffGold https://ift.tt/3b0t4l6
Wednesday, August 26, 2020
Is Anything Really “Off the Record?” with Madeline Westerhout
from Kerry Lutz's Financial Survival Network
Madeline Westerhout was executive assistant to President Donald Trump from 2017 to 2019, and the Director of Oval Office Operations at the White House from February to August 2019. She’s authored a new book titled, Off the Record: My Dream Job at the White House, How I Lost It, and What I Learned. In it, the former “gatekeeper” of the Trump White House, writes about her relationship with the president, and tells the story of the terrible mistake that led to her losing her job.
Even Donald Trump has tweeted about the book, saying, “Great new book by former Director of Oval Office Operations, Madeleine Westerhout, entitled ‘Off the Record‘. When I look at all of the Fake Books and garbage written about me, it’s really nice to see a very smart and already wise young woman write an honest depiction of what went on at the White House during some extremely interesting and important times. So many good stories by someone who, unlike most other so called writers, was actually there, and a part of the action – of which there was plenty. Go buy this book, a job well done!”
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2EH0VmR
Despite Volatility Silver’s Next Leg Higher Poised To Take Out $30
Despite recent volatility in the precious metals, silver's next leg higher is poised to take out $30.
The post Despite Volatility Silver’s Next Leg Higher Poised To Take Out $30 appeared first on King World News.
from King World News https://ift.tt/2QwK2xS
Alasdair Macleod – $2,000 Gold Will Soon Be History As Gold Price Set To Ignite
Alasdair Macleod told King World News that the gold price is set to ignite and $2,000 gold will soon be history.
The post Alasdair Macleod – $2,000 Gold Will Soon Be History As Gold Price Set To Ignite appeared first on King World News.
from King World News https://ift.tt/3b0mGdN
ALERT: Look At What Is Actually Happening With Gold, Silver And The Mining Stocks
On the heels of the precious metals rallying, look at what is actually happening with gold, silver and the mining stocks.
The post ALERT: Look At What Is Actually Happening With Gold, Silver And The Mining Stocks appeared first on King World News.
from King World News https://ift.tt/31wr6pn
From the Foster House to the White House with Terrence K. Williams
from Kerry Lutz's Financial Survival Network
By all rights, Terrance K. Williams probably should have wound up in prison or dead. One of nine black children born to a crack addicted mother, Terrance went from one foster home to another. When he wasn’t in a foster home he was in a juvenile shelter. Somehow, it only made him stronger. An unshakable belief in God and in himself helped get him through it all. Now he’s a Trump Supporter and has visited the Whitehouse and can personally attest to the fact that President Trump is not a racist. It’s an incredible story of indomitable will and the drive make something of himself, which he most certainly has.
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2YEytcu
Consumer Confidence Down, Gold Prices Up with Nick Santiago (Ep #105)
from Daily Market Wisdom with Nick Santiago
1. Last night after the closing bell, Salesforce.com reported block buster earnings. The stock is trading higher by 26% today. This is the stock that is being added to the Dow Jones Industrial Average (DJIA), so that is positive for the DJIA going forward. This move is also helping a lot of the other leading cloud stocks today. Back in the day it was the railroad average. Now there’s everything, tech, pharma, heavy capital goods and now cloud computing. They have a tendency to get rid of under performing stocks and put in higher performers. Nick believes they added Salesforce to offset the Apple split. It’s really a nod towards the Cloud.
2. Dow down a little S&P Nasdaq up a little. Oil up a little bit. Transports are flat. Nasdaq is up 28% and S&P is up 6 percent. Other indexes are down. S&P was underwater and in up. You need to make the most money on the turns. Easy money is over.
3. Upside reversal in gold and silver almost every down tic gets bought. When consumer confidence slides, gold goes higher. Nick is a long term bull for the metals.
For more info, go to InTheMoneyStocks.com.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/32rFL4H
Subscribe to:
Posts (Atom)