With precious metal mining stocks finally taking a breather on Tuesday after a huge run up so far in 2016, we invited Bryan Slusarchuk, the President of K92 Mining Inc. to tell us about the upcoming IPO of this soon to be well known new gold producer. With Eric Sprott reportedly investing tens of millions into the junior mining stocks space, the timing appears to be right to leverage the inevitable rise in the global gold price with gold and silver producers.
Bryan says that central banker collusion will cause all paper currencies to lose their value and he predicts that citizens of the United States may soon understand what Venezuelans are now beginning to know: That a hyperinflationary collapse of a nation’s currency is a nightmare, and only those who have planned well for it will survive. “You have central banker collusion supporting one another’s paper currencies with more worthless paper currency reserves, that just doesn’t end well. That’s why it’s so important that investors consider gold and silver as part of their investment strategy,” Slusarchuk says.
Bill Holter from JS Mineset.com is back to help us document the collapse for the fourth week of May, 2016. And as physical gold and silver moves East and into the strong hands of more than a billion Chinese, and as foreign banks publicly settle global trade in the Yuan, Bill reminds us that “Every step forward by China, is one or two steps backward for the US and the Dollar, that’s what’s happening. For instance, if the Yuan is backed by gold, then why would someone accept the Dollar in lieu of the Yuan if the Dollar’s not backed by anything?”
The build out of the infrastructure for the world to move completely away from the Dollar is almost complete. You have been warned.
On Wednesday, Donald Trump mentioned Weekly Standard neocon and Fox News pundit Bill Kristol and the effort to establish a third party.
Trump said Kristol “wants the war in Iraq. All the guy wants to do is kill people, go to war and kill people, even though he knows it’s not working, although he doesn’t know because he’s not smart enough.”
Kristol was a leading proponent of the invasion and occupation of Iraq. He teamed up with fellow neocon Lawrence Kaplan and wrote The War Over Iraq which predicted a “two month war, not an eight year war” in 2003, weeks before the invasion. According to Kristol, the Gulf War, the Kosovo War, the War in Afghanistan, and the Iraq War were not invasions, but rather “liberations.” The invasion of Iraq alone cost over one million Iraqi lives.
An experimental cancer treatment has been given “breakthrough” status by the Food and Drug Administration (FDA), but is it really a “miracle drug,” as portrayed by the mainstream media?
The treatment, which uses a genetically-altered version of the polio virus to fight cancer cells, has been given fast track status for Phase 2 trials. If the Phase 2 trials are successful, Phase 3 testing may not be required, and a drug based on the treatment could be made available within a few years.
Phase 1 trials of the treatment on an aggressive form of brain cancer called glioblastoma were successful enough to give many people hope that a revolutionary new cancer-fighting weapon might be on the horizon.
AUDIT REVEALS CLINTON EMAIL SERVER VIOLATED SECURITY RULES. Clinton never asked for permission to set up a private server, failed to report several hacking attempts and most revealing is a 2010 email in which she instructed aide Huma Abedin to keep her emails separate because she didn’t want any of her “personal” emails being accessed by the State Department.
To say that Hillary did not react properly to the damning State Department Inspector General report which yesterday found that she broke numerous government rules by setting up her own email server, would be a gruesome understatement.
Trump represents the “racist backlash” of white supremacists, claims journalist
The Guardian’s Steven Thrasher is looking forward to the day when America’s “dying white majority” is overthrown and a political revolution led by people of color ends the “white supremacist” system currently represented by Donald Trump’s presidential campaign.
In a video for the Guardian’s YouTube channel, Thrasher claims that the rise in popularity of Donald Trump was predictable because “every bold advancement of progress in the United States is met by a racist backlash.”
In an era when “anything goes”, some people are pushing the envelope to shocking new extremes. At one time, most of the debate was about one or two of the “alternative lifestyles” that are out there, but now there are a multitude of rapidly growing “communities” that are into things that would have been unheard of in previous generations. We have gotten to a point where a large portion of our young adults are completely rejecting traditional values regarding marriage and family, and they are seeking out other paths that they hope will lead them to the fulfillment that they crave.
Let’s talk about “puppy play” first. There is a growing community of people in the western world that are absolutely obsessed with dressing up like cats or dogs and behaving just like them.
Elton John used a court ordered injunction to block my previous YouTube video about him to everyone living in the UK. In the video I called him out for the Orwellian legal threats he’s making to me and others who are pointing out how he’s threatening the media, Twitter, and now YouTube with legal and criminal penalties for exposing him and his “husband” David Furnish’s involvement in a celebrity threesome sex scandal in the UK.
“I think that one of the fears that they have is a run on cash. If they told you and I that they’re going to tax your deposits by a hundred basis points, well it’s better to put it in a safe or under your mattress. And that’s why you see a resurgence in gold. The more they move to negative rates, the more gold is gonna take off because there’s no carrying cost.“
Hayman Capital founder Kyle Bass sat down recently for a conversation with Maria Bartiromo and Gary Kaminsky on Wall Street Week. He covered a variety of topics such as NIRP, income inequality, and the U.S. presidential race. As our regular readers know, Kyle correctly predicted the housing crisis, and is now calling for the yuan to be dramatically devalued.
“Crime is contagious. If the Government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.” – Justice Louis Brandeis (1856-1941)
Last week, this column chronicled the startling admissions of lying by White House senior adviser Ben Rhodes. Rhodes readily acknowledged to The New York Times that he lied to the public and to members of Congress during the negotiations that produced the recent Iranian nuclear deal so as to temper the “irrational” fear that some senators and representatives had of the mullahs who run the government in Iran.
He was asked — not subpoenaed — to testify before the House Oversight and Government Reform Committee about his lying, and he refused to show up, claiming his lies were protected by executive privilege. Because he spoke publicly about this, he has no privilege, yet nothing further happened. The committee gave up the ghost.
Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world.
To put that in perspective, Visual Capitalist’s Jeff Desjardins notes thatmore gold is traded in London each day than what is stored at Fort Knox (4,176 tonnes). On a higher volume day, amounts closer to total U.S. gold reserves (8,133.5 tonnes) can change hands.
How is this possible?
The infographic below tells the story about gold’s foremost trading hub, as well as the paper gold market in London, England:
One of the biggest drivers for the physical silver price explosion is the panic of industrial users to get heir hands on the physical silver that is necessary to manufacturer their products. Remember, very little silver is used in most silver applications so the price is “inelastic” meaning industrial users will pay almost ANY price to get physical silver.
Before you ask…Yes, Apple Corp. with their $216B in cash will be (or likely has already) started stocking up on physical silver as every iPhone uses a little necessary silver.
But signs of this “industrial panic to buy” in the mainstream media have been sparse in the past – until now…
No One Hates the IRS More Than House Republicans … Pity John Koskinen, who agreed to take one of the worst jobs in America and is now being punished for it. In 2013, President Barack Obama asked Koskinen to take over at the Internal Revenue Service amid budgetary chaos, deteriorating morale and a simmering scandal. House Republicans are now trying to impeach him. – Bloomberg
We don’t pity John Koskinen. We watched a good deal of the IRS hearings as they unfolded and it was fairly obvious a cover-up was taking place.
The people involved either weren’t telling the truth or were subject to convenient memory lapses.
It was obvious that higher-up officials at the IRS, presumably at the behest of the Obama administration, has schemed to delay the non profit status of Tea Party groups opposed to Obama.