Let’s look at two different topics where we are seeing contradictory “evidence”. First up is what’s happening in the gold and silver markets. Never before have I seen sentiment as poor as it is today. Nor have I seen so many negative articles about gold in the various mainstream publications. It has gotten so bad, gold has even been compared to “pet rocks”! While we have seen food fights before, the name calling as of late has become deafening led recently by Martin Armstrong and Cliff Droke. I wonder how or what their response is to the physical side of the argument?
As you know, there have been “air pockets” in the price of gold over the last three years. Nearly always, these takedowns occur at night and in particular Sunday nights. The last one a couple of weeks back, saw $2.7 billion worth of gold sold over a two minute span. I have asked the question many times, “who” controls this much gold and if we could identify someone or some entity, “who” would ever sell in a manner to destroy pricing if a profit motive truly exists?
Andy Hoffman from Miles Franklin is back to document the global economic collapse for the final week of July, 2015.
With September looming, a month in which many have predicted the great collapse will begin in earnest, Andy and I cover the current state of affairs – as the global economic situation deteriorates. First on the menu, the Chinese stock markets where despite $800 Billion in overt government intervention in the past month the bubble continue to burst, causing ripple effects which are beginning to be felt globally.
We also cover the current state of the PHYSICAL metals markets, “As we speak we are at record demand, we’re at record deliveries of physical gold around the world and inventories everywhere from the Comex to the Shanghai Exchange to the GLD etf are vanishing. In silver it’s beyond ridiculous, the US Mint keeps running out of silver. The perfect storm is hitting precious metals and the powers that be are doing everything in their power to kick the can that last mile,” says Andy.
We also cover other critical news items from around the world including the never ending Fukushima nightmare, the secret UK government plan to unleash 5,000 armed soldiers on city streets, the rise of Donald Trump, and the fall of Abenomics.
One of the lead scientists who helped conduct the World Health Organization (WHO) study on Monsanto’s Roundup herbicide that determined the chemical to be “probably carcinogenic” has now gone on record saying that glyphosate is “definitely genotoxic.”
Professor Christopher Portier, speaking at a recent scientific briefing on glyphosate in Westminster, London, told listeners that there’s “no doubt” in his mind that glyphosate, the primary active ingredient in Roundup, causes genetic damage that can lead to cellular malfunction and cancer.
The event was put on by the U.K.-based Soil Association, which is pushing British authorities to implement a full ban on the use of glyphosate, which is commonly sprayed on genetically-modified (GM) crops and used as a pre-harvest ripening agent to help control weeds.
By any measure, the Chinese equity markets are in turmoil. The Shanghai Index, up 150 percent in a year and down some 30 percent since mid-June, was hit hard again Monday, losing another 8.5 percent — its second-biggest fall in its history. The selloff continues despite weeks of unprecedented market-rigging stimulus measures by the Chinese government. They include pumping in more than $200 billion to buy failing shares, restricting short selling and halting trading of nearly 50 percent of stocks on the Shanghai Composite. Although hundreds of stocks have resumed trading since the restrictions were implemented, 126 are still blocked from trading.
$225 Billion In Capital Flees China
Not only are its equity markets shedding trillions in investor losses, Goldman Sachs estimates some $225 billion of capital has flowed out of China in the second quarter.
The deals are moving hot and heavy in the Middle East. This may represent some sort of secret major realignment among middle eastern nations of which President Obama’s nuclear deal with Iran may only be a small part. A Russian news agency yesterday announced that the Russian government has signed major deals in Saudi Arabia, Egypt and Jordan for the construction of much needed nuclear power plants.
A New York based Devil obsessed cult, known as The Satanic Temple, used funds from a recent PR driven Baphomet statue unveiling in Detroit to fund an effort to undermine legal moves to ban abortion after 20-weeks, as well as other anti-abortion legislation.
Breitbart reports that a Temple spokeswoman told reporters that proceeds from $25 and $75 tickets to the event, billed as the “largest public satanic ceremony in history,” will be used to “support the reproductive rights legal action fund.”
Child sacrifice and ritual abuse has been linked to Satanism for hundreds of years. The story of the ancient Ammonite god Moloch, also known as Baal, says that he demanded his followers offer up their own children to be burned as sacrifices.
Due to Obamacare, my health plan has become something other than insurance. It is now, for the most part, nothing other than a wealth transfer scheme to benefit the politically connected over others.
In order to identify the difference between health insurance and government-mandated health care coverage, we can look to Human Action, in which Ludwig von Mises splits probability into class probability and case probability:
Class probability means: We know or assume to know, with regard to the problem concerned, everything about the behavior of a whole class of events or phenomena; but about the actual singular events or phenomena we know nothing but that they are elements of this class.
I don’t know of many charts out there that a bullish investor since 2011 would look at with more disgust than the silver chart. It has been an exceptionally painful experience for those bullishly inclined since 2011. In fact, silver has dropped 70% from its 2011 heights to its recent lows, and it is still not done. But this story certainly has a “silver lining” for those who are willing to be a bit more patient.
On Aug. 30, 2011, I wrote my first public column about silver, which called for a market top in silver with a shorting target of 42.90, and that it must remain below 44.30 for the downside to ensue. Within the same column, I provided a downside target of 26.80 in the futures.
On Sept. 2, 2011, silver futures reached a high of 43.72, and then began a waterfall decline which spiked as low as 26.36 24 days later before a larger countertrend rally took hold. In fact, in my comments to this column, I noted on Sept. 3, 2011, that “we are probably within a trading day or two of a big move,” and my perspective was clearly to the downside, as I was shorting silver at the time. As we now know, silver declined 38% within three weeks
Monetary policy divergence manifests itself first in currencies,because currencies aren’t an asset class at all, but a political construction that represents and symbolizes monetary policy.Then the divergence manifests itself in those asset classes, like commodities, that have no internal dynamics or cash flows and are thus only slightly removed in their construction and meaning from however they’re priced in this currency or that. From there the divergence spreads like a cancer (or like a cure for cancer, depending on your perspective) into commodity-sensitive real-world companies and national economies. Eventually – and this is the Big Point – the divergence spreads into everything, everywhere.
As usual, I have extremely timely, eminently actionable topics to discuss. And while I’d love to simply talk “big picture,” the collapse of history’s largest, most destructive fiat Ponzi scheme is moving too rapidly to be complacent. Trust me, I’d love to take a well-deserved rest – and man, is it well-deserved. However, the so-called “race to the finish” is on; and as I not only love my job, but feel compelled to do it as well as possible, there’s no way I’m going to slow down any time soon. In return, I ask for nothing but your goodwill, and help in spreading such “gospel” as rapidly as possible. That said, Miles Franklin would clearly appreciate the opportunity to earn your business, if you happen to be considering the purchase, sale, or storage of Precious Metals.
This week, it’s been a pleasure spending time with Miles Franklin’s first class team here in Vancouver – led by my “twin brother” Andy Schectman, who provided the Yin to my Yang at today’s presentations; with me answering investors’ questions about the markets and economy – and he, the “State of the Bullion Industry.” To that end, Andy and I have hosted numerous private meetings for investor groups throughout the country – and would be thrilled to do so for you, if you can put one together in your home town.
In 2012, President Barack Obama in a video message to supporters of Planned Parenthood Federation of America’s Political Action Committee pledged to fight efforts in Congress to defund the nation’s largest abortion provider.
“That’s why last year when Republicans in Congress threatened to shut down the government unless we stopped funding Planned Parenthood, I had a simple answer: ‘No,’” Obama says in the 2-minute video posted on YouTube by PPVotes on March 28, 2012.
“For you and for most Americans protecting women’s health is a mission that stands above politics,” Obama says. “Yet over the past year you’ve had to stand up to politicians who want to deny millions of women the care they rely on and inject themselves into decisions that are best made between a woman and her doctor.”