from ZeroHedge:
One of the biggest bankruptcies in US trucking history occurred Sunday when the nation’s third-largest less-than-truckload carrier, Yellow Corp., filed Chapter 11 in a Deleware court. The company has fallen victim to insurmountable debts, including a government loan and tense contract negotiations with the Teamsters Union. It listed assets and liabilities at $1 billion-$10 billion, with more than 100,000 creditors.
from Health Ranger Report:
TRUTH LIVES on at https://sgtreport.tv/
by Michael Maharrey, Schiff Gold:
On August 1, a law making gold and silver legal tender in Arkansas went into effect. The new law also effectively repeals the state capital gains tax on gold and silver.
Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
Rep. Robin Lundstrum (R) and Sen. Jonathan Dismang (R) sponsored House Bill 1718 (HB1718). The law makes “gold and silver specie” legal tender in the state, meaning it is recognized as a medium of exchange. Practically speaking, this will allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles. In effect, it will create a more favorable legal structure for using gold and silver in transactions.
from The Conservative Treehouse:
Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.
Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.
by Jon Forrest Little, Activist Post:
The G7 leaders say they are committed to reaching so-called “net zero” emissions by 2050 after halving global emissions by 2030.
The initiative has many buzz phrases such as building a “just and inclusive” clean-energy economy. The plan vilifies fossil fuels and glorifies “green energy” with sweeping statements asking “stakeholders to improve their ESG performance.”
But most of us are confused by what this all means.
The transition to net zero is moving forward quickly, even though critics believe it’s draconian with respect to its scope and consequences.
by Ted Butler, Silver Seek:
Data published in the Commitments of Traders (COT) reports over the past four reporting weeks indicate a number of highly unusual changes in COMEX silver futures positioning. One such highly unusual change is the emergence of a big managed money trader on the short side, which appears to be holding a net short position of roughly 10,000 contracts (50 million oz) in COMEX silver futures contracts.
This large managed money short trader first appeared a few months back and after reducing its short position profitably on lower prices, has come back on the short side as aggressively as at previous peak short levels. There’s no way of knowing in advance whether this big managed money short will be able to buy back the current large short position on lower prices again, but fortunately we will come to learn that in future COT reports.
by Tom Luongo, Tom Luongo:
The ECB has a credibility problem. It didn’t last year. Last year it was the Fed with the credibility problem. Today, it’s Christine Lagarde not Jerome Powell that needs to justify her policy.
Powell needed nearly a year after he began raising rates to get a significant portion of the market to believe he was serious about raising rates. Today, they don’t believe him if he making the odd dovish coo.
JUST IN – Kenya suspends “eyeball scan” crypto project Worldcoin over safety concerns in the East African country.
— Disclose.tv (@disclosetv) August 2, 2023
