by Egon Von Greyerz, Gold Switzerland:
Have you heard the good news?
The Atlanta Fed GDPNow estimates a 5.9% growth in real GDP for Q3 2023. In nominal terms, we can even boast of an 8.9% surge.
What fantastic news! Growth! Productivity!
This must mean we can all breath a collective sigh of relief as Powell continues his valiant war against inflation as GDP rises, right?
from RT:
De-dollarization is not simply an aim pursued by Russia but has become a global reality, Maria Zakharova says
Ever more countries are turning to national currencies for trade rather than use the US dollar, which has become a “very problematic” means of payment, Russian Foreign Ministry spokeswoman Maria Zakharova stated in an interview with the Turkish news outlet Aydinlik published on Sunday.
by Kurt Zindulka, Breitbart:
The son of Hungarian activist billionaire George Soros and chairman of Open Society Foundations rejected claims that his globalist funding operation will “retreat” from Europe, while warning that former President Donald Trump poses a risk to EU “unity” if re-elected.
Alex Soros, the scion of the Soros empire and recently installed head of the Open Society Foundations (OSF), said this week that his organisation is still intent on interfering in Europe, saying that the continent “remains of huge strategic importance to the work of OSF”.
by Ethan Huff, Natural News:
Effective Nov. 1, 2023, the National Australia Bank (NAB) plans to start debanking customers who engage in “mean” speech.
If someone else’s feelings become hurt by something a NAB customer says or does, the bank will take away his or her bank account as punishment.
According to The Counter Signal, the NAB updated its terms and conditions in such a way as to turn its relationship with customers into something “that resembles that of a schoolteacher or grade school student.”
from SGT Report:
Bumbling idiot Bidien gets booed in Maui, Grayscale defeats Gary in court and the banksters want you to trade your cash for CBDC slave money. So will ya?! Bob Kulda returns to SGT Report to break it all down and more.
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by Greg Hunter, USA Watchdog:
Analyst, financial writer and professional trader Rick Ackerman is forecasting a “deflationary end” to our debt-bloated financial system. Ackerman contends, “I think everybody agrees we have more debt than we can ever repay. So, it’s going to have to be repaid one way or another. The debt has to be discharged. Every penny of every debt has to be paid, if not by the borrower, by the lender. Hyperinflation would let borrowers skip free. . . . The powers that be are not going to go for that. The lenders are going to be in charge. This is why I said all of the mortgage contracts will come to resemble leases. This is so the lenders don’t wind up evicting 110 million Americans from their homes. . . . Things have gotten far crazier than I could have imagined a decade ago when I was forecasting a deflationary end.”
by Alasdair Macleod, Schiff Gold:
Gold and silver rallied from the lows of last week in quiet Comex trade for gold, but more active trade in silver. In Europe this morning, gold was at $1916, up $27 from last Friday’s close, and silver was up $1.30 at $24.14.
Gold has been remarkably quiet in all August, as the snapshot from the Comex web page below indicates.
by Matt Agorist, The Free Thought Project:
On this episode of the Free Thought Project podcast, hosts Jason and Matt welcome esteemed financial commentator, Peter Schiff. Delving into the intricacies of an impending financial collapse, they explore strategies for thriving in a faltering economy. The conversation touches on the emergence of Central Bank Digital Currencies (CBDCs) and highlights the profound impact of entities like the Federal Reserve and the deep state, suggesting they might be bigger threats to Americans than perceived foreign adversaries like Russia or China.
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $6.90 TO $1919.50//SILVER CLOSED UP 3 CENTS TO $24.22//PLATINUM CLOSED UP $21.40 TO $962.80 WHILE PALLADIUM CLOSED UP $29.90 TO $1258.85//IMPORTANT GOLD COMMENTARY TONIGHT: PETER SCHIFF//CHINA’S BID TO STIMULATE ITS ECONOMY FAILS/TWO OTHER IMPORTANT COMMENTARIES: DR LACALLE AND PEPE ESCOBAR//COVID UPDATES/VACCINE UPDATES/DR PAUL ALEXANDER/SLAY NEWS/EWOL NEWS/NEWS ADDICTS//RUSSIA VS UKRAINE UPDATES//DALLAS FED REPORTS THAT ITS SECTION IS IN RECESSION
by Daniel Lacalle, DLacalle:
Are the BRICS a threat to the U.S.?
The summit of the so-called BRICS (Brazil, Russia, India, China, and South Africa) has closed with an invitation to join the group extended to the Emirates, Egypt, Iran, Saudi Arabia, Argentina, and Ethiopia.
The summit has generated a lot of headlines about the impact of this widespread group of nations, including speculation about the end of the U.S. dollar as a global reserve currency if this group is perceived as a threat to the United States or even the International Monetary Fund.
Several things need to be clarified.
by Martin Armstrong, Armstrong Economics:
I reported previously that a dealer I knew suddenly had his credit line closed. I have warned that besides banks preparing for the coming CBCDs closing local branches in the USA as well as in Britain, I seriously question if they will allow people to buy precious metals and use cryptocurrencies post-CBDC. This is about control, and they want to shut down what they view as the underground economy, which they estimate is 20%-35%, and this is about increasing their taxation to automatic theft. This is the net result of Direct Taxation, which the Founding Fathers warned would happen, so they prohibited any form of Direct Taxation in the Constitution. The Socialists seized power and pushed for the income tax in 1913, and that has been a slow grinding process that led to eventually owning nothing and being very miserable – not happy.
