from GoldSilver (w/ Mike Maloney):
TRUTH LIVES on at https://sgtreport.tv/
Pilot CBDC Shows Central Bank Has Total Control
by Rhoda Wilson, Expose News:
“Conspiracy Theorists” Were Right Again!
The pilot project of Brazil’s Central Bank Digital Currency the Real Digital allows the freezing of user wallets and reducing balances, as was always highly suspected by “conspiracy theorists!”
The Real Digital
The president of the Central Bank, Roberto Campos Neto, presented Brazil’s digital agenda back in November 2022 where a preview of the Real Digital app was presented. According to Campos “The Real Digital, the central bank digital currency (CBDC) in Brazil, appears to tokenize the banking system” he explained that the “CBDC is nothing more than a token issued by the bank upon deposit” (source).
JP Morgan Projects Record Gold Prices in 2024
by Peter Schiff, Schiff Gold:
JP Morgan forecasts $2,000 gold by the end of the year with the price continuing to rise to record highs in 2024.
In his latest note, JP Morgan executive director of global commodities research Greg Shearer projects the price of gold will average around $2,175 an ounce by the fourth quarter of 2024. That would represent an 11% increase from the current price.
Great Wealth Migration: New York, California Tax Revenue Tumbles Amid Exodus
from ZeroHedge:
Readers are already familiar with the mass migration from the Democratic strongholds of California and New York, known for high crime and tax rates. We have delved into this in our article, “Americans Continue To Flee High-Tax New York And California,” highlighting Texas and Florida as preferred destinations.
Inflation will return
by Alasdair Macleod, GoldMoney:
It is an error to expect inflation to continue to fall in America. All financial market values in the US and elsewhere are predicated on this hope.
The misunderstanding is to assume that the widely expected recession will lead to further falls in consumer price inflation, and that therefore interest rates and bond yields will decline. These hopes are based on Keynes’s rejection of Say’s law, which simply points out there is no such thing as Keynes’s general glut because the unemployed stop producing.
Russia Wants Africa To Assist In Global Dedollarization
by Mac Slavo, SHTF Plan:
Russia’s foreign ministry spokesperson Maria Zakharova said on Wednesday that Russia intends to work with Africa to destroy the United States dollar. Zakharova’s direct, provocative challenge to Washington and its dollar dominance, asserting that the U.S. is using the dollar for “global hegemony” and as “a means of realizing its aggression.”
De-dollarization chatter is not new. It has long been in the air, particularly in the lead-up to BRICS nations gathering in South Africa in August, with the question high on the agenda.
Analyst: Gold Just 12 Months Away from New All-Time High
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: WisdomTree’s case for $2,500 gold, Peter Schiff has some choice wording regarding inflation, and how China is using gold to defend the yuan.
Analyst predicts new all-time high for gold (within the next 12 months)
WisdomTree’s Nitesh Shah, head of commodities and macroeconomic research, analyzed the bullish and bearish scenarios for gold in the year ahead. It seems that the former is a little more believable. Shah believes all it will take for gold to reach $2,225 next year will be a meeting of, “consensus expectations.”
The real failure of “trickle down economics”
by Claudio Grass, Claudio Grass:
Part II of II
If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than any private sector decision-maker. Their financial compensation is a given and their time preference is dictated by their job description.
YELLOW TO SEEK BANKRUPTCY PROTECTION ON MONDAY/
by Harvey Organ, Harvey Organ Blog:
SPREADER AND TAS INDUCED RAID ON OUR PRECIOUS METALS: GOLD CLOSED DOWN $21.80 TO $1947.10//SILVER CLOSED DOWN 59 CENTS TO $24.21//PLATINUM CLOSED DOWN $25.80 TO $939.00//PALLADIUM CLOSED DOWN $50.05 TO $1244.95//ECB HIKES BY 25 BASIS POINTS AS EXPECTED//UPDATES ON UKRAINE VS RUSSIA//COVID UPDATES//DR PAUL ALEXANDER//HOUSING PERMIT DATA FROM THE USA//YELLOW TO SEEK BANKRUPTCY PROTECTION ON MONDAY
Bank’s attack on renowned vaccine skeptic includes closing accounts
from WND:
Refuses to explain abrupt cancellation of business, personal services
An old-line banking corporation has launched an attack on vaccine skeptic Dr. Joseph Mercola by closing his business account, according to a report from the Daily Caller News Foundation.
The publication said it obtained copies of documents showing the accounts closed by JPMorgan Chase include those for Mercola’s business, Mercola Market, officers of his company and an officer’s wife.
Race to the Bottom
by Jim Rickards, Daily Reckoning:
The currency wars are alive and well. Here’s the latest battle…
Over the past nine months, the Japanese yen rallied 13% against the dollar. But now the yen has started to fall in value.
This decline is not surprising. Japan’s economy has been flirting with recession. A new recession, likely in my view, would be the ninth recession since the historic stock market and real estate crash in Japan in 1990.
BIDEN WANTS TO TAX CANNED FOOD WITH 300% TARIFF
from The David Knight Show:
TRUTH LIVES on at https://sgtreport.tv/
RFK Jr: Plans for ‘Cashless Society’ Are about ‘Control and Oppression’
by Frank Bergman, Slay News:
Democrat presidential candidate Robert F. Kennedy Jr. has issued a warning to the public about the global plans to abolish physical cash to create “cashless societies.”
In an interview with The New York Post, RFK Jr., the nephew of President John F. Kennedy, took a deep dive into the topic of currency and the coming “digital cash” era.
As Slay News previously reported, Democrat President Joe Biden has ordered the Federal Reserve to implement a CBDC that will replace traditional money as a “digital dollar.”
Are El Salvador’s Sovereign Bonds The New Bitcoin?
by Chris Menahan, Information Liberation:
Capital is flooding into El Salvador thanks to President Nayib Bukele’s hugely successful crackdown on gangs.
From Reuters, “Move over, bitcoin: El Salvador sovereign bonds not done rallying”:
NEW YORK, July 19 (Reuters) – Investors in El Salvador international bonds are relishing 60% returns this year alone as debt issued by the Central American country recovers from calls of doom and default, with some betting the rally is not quite over yet.
