from Infowars:
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Central Bank Gold Buying Off To A Record-Breaking Start In 2023, Led By Singapore
from ZeroHedge:
It may not be the off the charts gold buying observed in the second half of 2022, but central bank Central bank gold buying made a blistering start to 2023 when according to the latest report from the World Gold Council, demand for the hard currency by the world’s money-printing authorities reached 228 tonnes in Q1, a 176% increase compared to the 82.7 tonnes one year ago. While lower than the figures seen in the previous two quarters this was nonetheless the strongest first quarter on record. According to the WGC, “this is all the more impressive considering it follows the record-breaking pace of demand last year.”
More Troubled Banks
by Paul Craig Roberts, Paul Craig Roberts:
As I reported at the time, the banking crisis is not limited to Silicon Valley Bank. Silicon Valley Bank’s failure was followed by the failures of New York Signature Bank and First Republic Bank of San Francisco. Now three more banks have had their stock prices collapse–Western Alliance, PacWest Bankcorp, and Metropolitan Bank.
As I have emphasized, the Federal Reserve’s higher interest rates are the cause of the bank troubles. The decade of zero interest rates left banks with portfolios of low interest rate assets on their balance sheets. As the Federal Reserve raised rates, these assets declined in value. Depositors saw that the banks were technically insolvent and withdrew funds. Others withdrew funds because they can now get higher interest rates from money market funds.
Where Not to Be in a Crisis
by Jeff Thomas, International Man:
For many years, there have been those who have been prognosticating an economic crisis – not just a recession lasting a year or two, but a full-blown Greater Depression that would eclipse any major event we’ve seen in our lifetimes.
That may appear to be an overstatement, but historically, it’s the norm for a time of major upheaval to occur every eighty years or so. And although some of us began analysing and commenting on the Greater Depression many years ago, it’s clear to all of us that we’ve now entered the leading edge of the crisis.
Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In California
from ZeroHedge:
The growing number of homeless encampments has spread like wildfire throughout the San Francisco Bay Area. For years, lawmakers in the state have implemented progressive policies that have backfired, sparking a multitude of crises, including soaring crime, rising homelessness, out-of-control drug overdoses, and population and business exodus.
One of the latest examples of implementing failed progressive policies is the inability to effectively address the homelessness and drug crisis on a two-mile stretch of road in Marin County, California, overrun by cars, tents, RVs, and trailers parked on the side of the road.
Homeless Encampments Are Exploding In Size All Over America As Rents Soar And Evictions Surge
by Michael Snyder, The Economic Collapse Blog:
Communities all over the United States are being taken over by giant homeless encampments, but we are supposed to believe that this is perfectly normal. The Biden administration is trying very hard to convince all of us that the economy is in fine shape even though many of our most prominent corporations are currently conducting mass layoffs and even though Challenger, Gray & Christmas is telling us that the number of jobs cuts during the first three months of this year was up 396 percent compared to the same period last year. Just like in 2008 and 2009, large numbers of people that have lost their jobs or their businesses are ending up living in the streets, and as a result homeless encampments are absolutely exploding in size from coast to coast.
California panel approves reparations proposal of up to $1.2 million EACH for black residents… but activists demand more than $200 million at heated public meeting
by Kamal Sultan, Daily Mail:
- California’s reparations task force approved recommendations which could give black residents $1.2million each as compensation for slavery and discrimination
- But activists believe it is ‘nowhere near enough’ and demanded $200million as some called it a ‘further injustice’ and others called for direct cash payments
- Previous calculations from economists predicted the reparations could cost around $800billion- more than twice California’s $300 billion annual budget
Retailers abandon downtown San Francisco in droves. Nordstrom is the latest, signaling the death of the area.US Debt: Net Interest to Exceed $700B by November
by Peter Schiff, Schiff Gold:
The chart below shows the gimmicks the Treasury has been using to manage the debt while the debt ceiling keeps a lid on new issuance. The primary gimmick used is pillaging government retirement funds which hold non-Marketable debt. In April, the government replenished some of what has been taken by retiring public debt (mostly short-term) as tax receipts increased cash available to the Treasury. They will most likely tap back into this next month as the government gets closer to running out of money.
Unicoin: “Universal Monetary Unit” Paves the Way to Global Currency
by Marie Hawthorne, Activist Post:
In March, Daisy wrote about FedNow, the instant payment system currently in the works. The American banking and government systems expect to start using it in July. As Daisy discussed, FedNow isn’t a central bank digital currency (CBDC), but it provides the framework for one.
I encourage you to read Daisy’s FedNow article. It will give you a good idea of how digital payments will be initially billed as a convenience, then something we can’t do business without. Read the article, and then imagine digital currency on a global scale.
This is in the works, too.
PART 2 – Smoking Guns: Nord Stream Sabotage ‘Secret Teams’ Revealed
from 21st Century Wire:
Get comfortable as you are about to embark on Part 2 of our investigative report into the Secret Team behind the Nord Stream pipeline sabotage operation. Despite facing the large swell of propaganda coming from the legacy media and their sudden renewed interest in the Nord Stream attack, we hope readers will appreciate the evidence-based, more realistic picture presented here regarding what an actual CIA-backed covered operation entails, as we identify the likely players, aiders and abetters from participating NATO members states.
