from The Market Sniper:
TRUTH LIVES on at https://sgtreport.tv/
The FALL of the US empire is now self-evident
from Health Ranger Report:
TRUTH LIVES on at https://sgtreport.tv/
Gold and Silver No Longer Subject to State Capital Gains Taxes in Arkansas
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.
They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating
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.
Silver Supply Inadequate Amid Monstrous Industrial & Investment Demand
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.
A New Silver Whale?
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.
The ECB is Trapped Between Japan and the US
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.
JUST IN – Kenya suspends “eyeball scan” crypto project Worldcoin over safety concerns in the East African country.
— Disclose.tv (@disclosetv) August 2, 2023
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.
