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.
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
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.
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.
from The David Knight Show:
TRUTH LIVES on at https://sgtreport.tv/
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.”
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.
by Claudio Grass, Claudio Grass:
Part I of II
For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising tide lifts all boats or plainly put, the obvious fact that when job creators thrive, so do the people that hold those jobs and sustain themselves and their families thanks to them.
by Ethan Huff, Natural News:
The head of the world’s largest asset manager has changed his mind on cryptocurrencies like Bitcoin, which he opposed in 2017 but supports today.
Larry Fink, CEO of BlackRock, is making the media rounds in support of cryptos, arguing that they can “democratize” finance while “digitizing gold.” With United States regulators now considering the creation of an ETF directly linked to Bitcoin, Fink is suddenly all about cryptos, which he says have the potential to “revolutionize” finance.
by Michael Snyder, The Economic Collapse Blog:
Have you had your eyes scanned by “The Orb” yet? All it takes is just one trip, and once your biometric data is in the database you will receive some free money and a new “digital identity” that you will be able to use all over the Internet. Doesn’t that sound grand? As you will see below, hundreds of thousands of people in Europe have already signed up. Those that have created Worldcoin intend for it to be “a new identity and financial network” that is owned by everyone on the entire planet. The following comes directly from the official Worldcoin website…
from SGT Report:
Bix Weir from RoadToRoota.com, Chris Marcus from ArcadiaEconomics.com and Jean-Claude from BeyondMystic are back to discuss the manipulation of the most undervalued tangible asset on earth, and the very real possibility that one ounce of silver may cost exponentially more in coming years, or even months.
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by Karl Denninger, Market Ticker:
You may think “all is well” or at least “all is reasonably ok”.
You’re wrong.
Just as in early 2007 it was clear that we were staring down a monster problem and whistling past the economic graveyard, we are once again doing the same thing. In early 2007 I called out the fact that WaMu was paying dividends out of money they didn’t actually have; it was a (legal) accounting fiction created by negative amortization loans that made it appear they had “value” that didn’t really exist. Of course it could have been ok in that case because perhaps people could have eventually paid all they owed at an ever-increasing rate, but to believe that you had to believe that infinite re-finance activity at ever-lower costs was going to continue forever, because either that had to stop and people had to pay on what they owed (in which case the “value” stopped going up and earnings stopped happening), it must continue (to keep the trend going) or there was soon going to be a crash.
JUST IN – Putin signed a law on introducing a central bank digital ruble and creating an appropriate electronic platform — TASS
— Disclose.tv (@disclosetv) July 24, 2023
