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arminius

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Uglytruth

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Was furloughed for 2 weeks in April. Don't even have my unemployment yet after 5 letters & a phone call. System won't let me apply.
 

Au-myn

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Well, Asia is certainly hot for the PM's with Au running up to 1929 up 1.4% while Ag is cranking it up to 23.49 up 3.4%.
 

JayDubya

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This is bigger than Covid. But few people are paying attention.

Most people realize that 2020 has thrust two game-changing trends upon us that will change the world for years to come.

The first is Covid.

In less than six months, this virus has created extreme global hysteria and economic devastation.

Countless businesses have gone bust or are teetering on the edge. Tens of millions of jobs have been lost.

Government debt around the world has exploded higher. And their heavy-handed abuse of power has been astonishing… often incomprehensible.

Politicians and public health officials have suspended many of our most fundamental freedoms, threatened to come into our homes and take our family members away, and even banished us from our own private properties.

We’ve also seen a breakdown in basic social conventions.

Family and friends have stopped gathering together in person out of fear that someone may be a carrier. Weddings and funerals are virtual. And a simple handshake is practically considered an act of biological terrorism.

And, just like 9/11 nearly two decades ago, many effects of Covid will never return to ‘normal’.

Then there's the social justice movement... which tore onto the world stage two months ago with a desire to make important cultural changes.

At its core, the movement is virtuous. After all, it’s supposed to be about freedom.

But it has quickly become divisive, menacing, and pointlessly violent.

Everything is offensive. Intellectual dissent must be immediately squashed. People lose their jobs, receive death threats, or are censored, merely for expressing completely valid (and even supportive) opinions.

And some of the largest corporations in the world have all submitted to the Twitter mob, like Nazi collaborators in France who began goose-stepping with the Wehrmacht the moment Hitler took Paris.

History is being rewritten. Vocabulary is being replaced. And any civil discourse results in persecution.

Just like lingering Covid effects, this social turmoil will also be with us for years. Don’t fool yourself into believing it’s some some flash in the pan that will be over in a few weeks.

But what I wanted to tell you today is that there is a THIRD, major trend brewing right now. And it could prove to be even bigger than Covid, bigger than the social justice movement.

It’s not one that evokes the same emotion. So you won’t see too many people marching in the streets or cowering in fear in their homes. There’s no hysteria.

This third major trend is rational. And that’s why it’s largely been ignored. But its impact could be far bigger and longer lasting.

I’m talking about conflict with China.

Over the past several months we’ve witnessed a minor trade dispute between the United States and China escalating into a major diplomatic conflict, and now, into full-blow Cold War.

US Secretary of State Mike Pompeo left no doubt about this when he essentially declared cold war against China’s communist party in a speech late last week:

“If we bend the knee now, our children’s children may be at the mercy of the Chinese Communist Party, whose actions are the primary challenge today in the free world.

General Secretary Xi is not destined to tyrannize inside and outside of China forever, unless we allow it.

Richard Nixon was right when he wrote in 1967 that ‘the world cannot be safe until China changes.’ Now it’s up to us to heed his words.

Today the danger is clear. And today the awakening is happening.

Today the free world must respond. We can never go back to the past.”

It’s pretty incredible how China has already managed to get most of the world to bend to its will.

There are so many examples of this; major US airlines like Delta and American, have scrubbed references to “Taiwan” on their websites so as not to offend the Chinese communist party.

Hollywood, despite constantly thrusting its woke social justice politics in everyone’s faces, refuses to utter the slightest criticism of China, simply so they can squeeze out more box office revenue there.

And the National Basketball Association squashed an executive for Tweeting support to Hong Kong protesters last year.

Even the league’s biggest and most outspoken star, Lebron James, meekishly told reporters that China has “a complicated issue with racial, socioeconomic and geopolitical layers" and that he saw “little upside in speaking up” against the Chinese communist party.

Comparing sports team owners to ‘slave owners’ is perfectly fine. But don’t say anything bad about China!

In addition to Pompeo’s speeech, the US-China conflict escalated last week when the US government ordered the Chinese to close its consulate in Houston, Texas.

The Chinese government retaliated by closing a US consulate in China.

This is after months of sanctions, asset seizures, tariffs, arrests, expelling of foreign journalists, and plenty of tension about the Coronavirus.

I know there’s a lot of fear that an actual shooting war will break out between the US and China. And that is a possibility.

I’m probably biased as a West Point graduate, but I’m convinced that the US Marine Corps and Army Rangers are the most proficient fighting forces in the world.

But the reality is that China has a bigger army. It's better equipped with newer, better technology. Its tanks are superior, and it has more of them.

China has also been investing heavily in its Navy and Air Force; it already has more ships than the US Navy, and it has also rolled out a fifth-generation fighter jet, the J-20, to compete head-to-head against the US military's F-22 and F-35.

But that's just conventional warfare. The next war will be highly unconventional... and the Chinese are dominant in "system destruction warfare".

They could take down the US power grid, hack multiple defense and intelligence networks, and remotely disrupt key US command and control elements, before a single shot was fired.

This is not my assessment; the Pentagon has been wargaming conflict between the US and China for years. And in the words of one researcher who has participated in these scenarios, the US “gets its ass handed to it.”

Fortunately, a shooting war is unlikely. Why would China want to invade the US and deal with 400 million guns in the hands of the civilian population?

Why would the US want to invade China and deal with another Vietnam war?

War doesn’t benefit either nation, and on that basis it’s possible… but not probable.

What is likely is a total reset in the global financial system.

The current “Bretton Woods” financial system in which the US economy and US dollar are at the center of the global economy is decades old.

The US has derived extraordinary wealth and prosperity from this system for years.

Bretton Woods is the reason why the US national debt can be nearly $27 trillion (over 100% of GDP) without the dollar collapsing in value.

It’s the reason why the Federal Reserve can conjure trillions of dollars out of thin air and keep interest rates at 0% for years, but still be taken seriously.

Losing this advantage would be nothing short of catastrophic for the US economy.

And continued conflict with China is the one thing that is practically guaranteed to make it happen.

That’s why this trend-- conflict with China-- could be the biggest thing happening right now.

It’s not as scary as Covid, it’s not as emotional as social justice… but the effects may be permanently devastating.

To your freedom,



Simon Black,
 

andial

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China has around a trillion in treasury holdings who knows these days but my logic says they would dump them before any shooting war starts. Yes they had more 4 years ago but no dumping in progress that i have heard.
 

Uglytruth

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China has around a trillion in treasury holdings who knows these days but my logic says they would dump them before any shooting war starts. Yes they had more 4 years ago but no dumping in progress that i have heard.
Not even a dent in the kung flu bills they caused.
 

WillA2

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This is bigger than Covid. But few people are paying attention.

Most people realize that 2020 has thrust two game-changing trends upon us that will change the world for years to come.

The first is Covid.

In less than six months, this virus has created extreme global hysteria and economic devastation.

Countless businesses have gone bust or are teetering on the edge. Tens of millions of jobs have been lost.

Government debt around the world has exploded higher. And their heavy-handed abuse of power has been astonishing… often incomprehensible.

Politicians and public health officials have suspended many of our most fundamental freedoms, threatened to come into our homes and take our family members away, and even banished us from our own private properties.

We’ve also seen a breakdown in basic social conventions.

Family and friends have stopped gathering together in person out of fear that someone may be a carrier. Weddings and funerals are virtual. And a simple handshake is practically considered an act of biological terrorism.

And, just like 9/11 nearly two decades ago, many effects of Covid will never return to ‘normal’.

Then there's the social justice movement... which tore onto the world stage two months ago with a desire to make important cultural changes.

At its core, the movement is virtuous. After all, it’s supposed to be about freedom.

But it has quickly become divisive, menacing, and pointlessly violent.

Everything is offensive. Intellectual dissent must be immediately squashed. People lose their jobs, receive death threats, or are censored, merely for expressing completely valid (and even supportive) opinions.

And some of the largest corporations in the world have all submitted to the Twitter mob, like Nazi collaborators in France who began goose-stepping with the Wehrmacht the moment Hitler took Paris.

History is being rewritten. Vocabulary is being replaced. And any civil discourse results in persecution.

Just like lingering Covid effects, this social turmoil will also be with us for years. Don’t fool yourself into believing it’s some some flash in the pan that will be over in a few weeks.

But what I wanted to tell you today is that there is a THIRD, major trend brewing right now. And it could prove to be even bigger than Covid, bigger than the social justice movement.

It’s not one that evokes the same emotion. So you won’t see too many people marching in the streets or cowering in fear in their homes. There’s no hysteria.

This third major trend is rational. And that’s why it’s largely been ignored. But its impact could be far bigger and longer lasting.

I’m talking about conflict with China.

Over the past several months we’ve witnessed a minor trade dispute between the United States and China escalating into a major diplomatic conflict, and now, into full-blow Cold War.

US Secretary of State Mike Pompeo left no doubt about this when he essentially declared cold war against China’s communist party in a speech late last week:

“If we bend the knee now, our children’s children may be at the mercy of the Chinese Communist Party, whose actions are the primary challenge today in the free world.

General Secretary Xi is not destined to tyrannize inside and outside of China forever, unless we allow it.

Richard Nixon was right when he wrote in 1967 that ‘the world cannot be safe until China changes.’ Now it’s up to us to heed his words.

Today the danger is clear. And today the awakening is happening.

Today the free world must respond. We can never go back to the past.”

It’s pretty incredible how China has already managed to get most of the world to bend to its will.

There are so many examples of this; major US airlines like Delta and American, have scrubbed references to “Taiwan” on their websites so as not to offend the Chinese communist party.

Hollywood, despite constantly thrusting its woke social justice politics in everyone’s faces, refuses to utter the slightest criticism of China, simply so they can squeeze out more box office revenue there.

And the National Basketball Association squashed an executive for Tweeting support to Hong Kong protesters last year.

Even the league’s biggest and most outspoken star, Lebron James, meekishly told reporters that China has “a complicated issue with racial, socioeconomic and geopolitical layers" and that he saw “little upside in speaking up” against the Chinese communist party.

Comparing sports team owners to ‘slave owners’ is perfectly fine. But don’t say anything bad about China!

In addition to Pompeo’s speeech, the US-China conflict escalated last week when the US government ordered the Chinese to close its consulate in Houston, Texas.

The Chinese government retaliated by closing a US consulate in China.

This is after months of sanctions, asset seizures, tariffs, arrests, expelling of foreign journalists, and plenty of tension about the Coronavirus.

I know there’s a lot of fear that an actual shooting war will break out between the US and China. And that is a possibility.

I’m probably biased as a West Point graduate, but I’m convinced that the US Marine Corps and Army Rangers are the most proficient fighting forces in the world.

But the reality is that China has a bigger army. It's better equipped with newer, better technology. Its tanks are superior, and it has more of them.

China has also been investing heavily in its Navy and Air Force; it already has more ships than the US Navy, and it has also rolled out a fifth-generation fighter jet, the J-20, to compete head-to-head against the US military's F-22 and F-35.

But that's just conventional warfare. The next war will be highly unconventional... and the Chinese are dominant in "system destruction warfare".

They could take down the US power grid, hack multiple defense and intelligence networks, and remotely disrupt key US command and control elements, before a single shot was fired.

This is not my assessment; the Pentagon has been wargaming conflict between the US and China for years. And in the words of one researcher who has participated in these scenarios, the US “gets its ass handed to it.”

Fortunately, a shooting war is unlikely. Why would China want to invade the US and deal with 400 million guns in the hands of the civilian population?

Why would the US want to invade China and deal with another Vietnam war?

War doesn’t benefit either nation, and on that basis it’s possible… but not probable.

What is likely is a total reset in the global financial system.

The current “Bretton Woods” financial system in which the US economy and US dollar are at the center of the global economy is decades old.

The US has derived extraordinary wealth and prosperity from this system for years.

Bretton Woods is the reason why the US national debt can be nearly $27 trillion (over 100% of GDP) without the dollar collapsing in value.

It’s the reason why the Federal Reserve can conjure trillions of dollars out of thin air and keep interest rates at 0% for years, but still be taken seriously.

Losing this advantage would be nothing short of catastrophic for the US economy.

And continued conflict with China is the one thing that is practically guaranteed to make it happen.

That’s why this trend-- conflict with China-- could be the biggest thing happening right now.

It’s not as scary as Covid, it’s not as emotional as social justice… but the effects may be permanently devastating.

To your freedom,



Simon Black,
The Trump Administration is the first in a very long time to stand up against the ccp. No other country in the world has stood up against them with the exception of Taiwan. The ccp got so used to having their way, I don't think they fully understand how to deal with Donald Trump. Currently they are betting heavily against him in the upcoming election. Another person on this blog has hinted at it, but perhaps they were burning fake ballots in that consulate that got shut down in Texas. I don't know. But I do know they are not being catered to by the current Administration.
 

JayDubya

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Doug Casey on the Cultural Revolution in the US and What It Means for the Election

International Man: In 2016, you accurately predicted that Donald Trump would be the next president of the United States.

It came as a complete shock for most people. What do you think of his chances of winning a second term?

Doug Casey: I’m not a fan of Trump, per se. He has no philosophical center, no core beliefs. He’s an opportunist who flies by the seat of his pants.

His economic policies are disjointed and inconsistent. Many are idiotic. It’s true he wants to deregulate the economy, and he deserves kudos for that.

But he’s encouraging reckless monetary policies—zero-percent interest rates, gigantic increases in debt, massive public-works projects, and the creation of trillions of new dollars. He’s just building the house of cards higher while enriching the Deep State and corrupting the 30 million Americans making more not working than they made working.

Almost as bad as that is the way he slaps on import duties, embargoes, and quotas at whim. He devastated American farmers by provoking China into a trade war, then spent billions in subsidies to keep them from bankruptcy.

His foreign policies are dangerous. Provoking the Iranians and the Russians is counterproductive. What’s worse, he’s started a cold war with China that could easily spin out of control and turn into a hot war.

But on the bright side, he’s a cultural conservative. And that’s why people support him. He wants to see the US return to the golden days of yesteryear, the world of Leave it to Beaver, Ozzie and Harriet, and Father Knows Best. We’d all like to see domestic tranquility and rising prosperity. But that’s not the world we’re going to be living in, not just for 2020, but the whole decade.

For years, I’ve joked that I planned on watching riots on my widescreen from a secure location, not out my front window. Things have now become so predictable that when I turn on the news, I kill the audio and just put the Stone’s "Street Fighting Man" on a continuous loop.

Given a choice between Trump and the Democrats, if you like what’s left of the US, you have to be a Trump supporter. But since we’ll be in the midst of a gigantic political, economic, and social crisis in November, people will want a radical change. That’s what the Democrats are promising, so they’re likely to win. But there are other factors.

The last election was close enough, but now, four years later, there are four more cohorts of kids that have gone through high school and college and been indoctrinated by their uniformly left-wing teachers. They’re going to vote Democrat overwhelmingly.

The only bright spot for Trump is the stock market. That said, I’m not optimistic about the stock market. It’s at current levels not because the economy is doing well, but because of the avalanche of money being printed. Where it is in November is a question of how much more money the Fed will print, and how much of it flows into the stock market.

For reasons I’ve detailed in the past, the economy is going to be worse, however. And people vote their pocketbook. Bill Clinton was right when he said, "It’s the economy, stupid." If stocks fall, it will compound this effect. A high stock market can give the illusion of prosperity.

On top of all that, the conservatives are completely demoralized. It’s impossible to defend being a white person anymore; propaganda has made it shameful to be white. If you object to the race-baiters, you’ll be shouted down in the media—even by other white people. It looks like everything you grew up with and thought was part of the cosmic firmament is being washed away as unworthy.

Here are two examples.

Recently, in Stone Mountain in Georgia, there were 1,000 uniformed, armed black men who went out of their way to say that they were looking for a fight. "Where are the rednecks that want to fight with us?"

Well, that would have been out of the question at any time in the past, but no rednecks showed up to the party. That’s partially because they’ve been psychologically cowed, and partially because they recognize that if they did, and if law enforcement was brought in, they’d be the ones that were prosecuted, not the black people.

It’s a complete inversion of what would have been the case only a generation ago. Then the blacks would have been too psychologically cowed to turn up for a fight, and the legal system would have railroaded them.

Just to be clear, I’m opposed to any kind of identity politics, regardless of the group. The point is that there’s been a sea change in mass psychology.

There’s also the case of the Black Lives Matter sign painted in yellow on 5th Avenue. A couple of white people only got as far as painting over a couple of letters before they were arrested. They’re being prosecuted for defacing public property. But the people who recently destroyed statues are not being prosecuted.

It’s a matter of psychology. Whites and conservatives no longer believe in themselves. When that’s true, it’s game over. Yes, I know it’s not true of all of them—but I believe it’s a fair generalization.

If I were to bet money this time on who will win the election, with great regret, I’d have to pick the Democrats.

International Man: For the entirety of Trump’s presidency, there have been nonstop attacks on his legitimacy.

First, it was the allegations of Russian collusion, and then there was the impeachment trial and Ukraine-Gate.

What do you make of this?

Doug Casey: In a way, it’s evidence of the old saying, turnabout is fair play.

For many years, the US government has cultivated regime change in foreign countries by interfering very overtly in their elections.

Why should we be surprised if it happens here?

Although, as far as the Russians are concerned, it’s not even a tempest in a toilet bowl. I’m sure that some Russian kids played around on their computers to see what they could do, but it was totally trivial and meaningless.

The real problem is that when you have a cultural split—such as developed in the US—a country cannot, and more importantly, should not stay together.

At this point, politics has become a contest of who gets to impose their will on the rest of the country. When that’s the case, a country is best off dividing. People should have freedom of association, generally with those whom they share culture, traditions, and general worldviews.

The alternative is chaos, such as we’ve seen in the last few months, or maybe a civil war. And this one wouldn’t be like the unpleasantness of 1861–1865. That was a failed war of secession. The South simply wanted to go its own way. Slavery was an issue, but not the issue. Perhaps we should analyze the war in a future conversation.

The South should have been allowed to break off, much the way that Slovakia and the Czech Republic separated, or the way that Yugoslavia divided into six republics—or, for that matter, the way the Soviet Union broke up into 15 republics.

Abraham Lincoln created the poisonous meme that the states had to be held together by force. Most people now think it’s some type of a crime to even intimate that the US could—or should—break up.

The US is no longer a country that is united by culture and language, ideas, or anything else. It’s become a multicultural domestic empire. It’s too large to be governable. The central government is totally bankrupt. It should break up peaceably before the situation gets completely out of control.

Going back to the idea of foreign interference in US elections, there already are millions of foreign citizens—illegal aliens orchestrated by the Left—interfering directly in the outcome by voting. That’s much more of a change than some random Russians making political comments on Facebook.

International Man: There is no question that tensions are running high in the US. Recently, we saw riots take place in most US cities, a takeover of part of Seattle, and the tearing down of historical statues and cultural symbols.

Is the country on the cusp of a full-blown cultural revolution?

Doug Casey: It appears to be—and these things can come out of almost nowhere.

It’s like the witch hysteria in Salem, among other places in the late 17th century. It just came out of nowhere and took hold—complete irrationality. But if you argued against the prevailing hysteria, you too could be accused and hung.

Look at what happened in Rwanda a generation ago. The Hutus and Tutsis had lived together, more or less amicably, for generations. Then, all of a sudden, a million people got hacked with machetes. The wave blew over, and now things are peaceful again. But if you weren’t out there slaughtering Tutsis during the hysteria, you might be accused of being a sympathizer and killed yourself.

It happened during the Terror of the French Revolution. Over a short period perhaps 40,000 people were murdered, mostly guillotined.

It happened in Cambodia with Pol Pot, when a quarter of the population was murdered. That was a cultural revolution against the educated, and essentially anyone who wasn’t a peasant.

Of course, China is the largest of all, the Great Cultural Revolution of the 60s. The whole country, or at least what looked like the whole country, was bamboozled into overthrowing what they called the Four Olds—old customs, old culture, old habits, and old ideas.

Right now, the same meme is spreading in the US.

The people promoting a US cultural revolution aren’t getting much resistance. The old regime—the conservatives, the Republicans—are totally bamboozled and intimidated. They’ve been brainwashed into accepting the righteousness of the Left’s cultural, political, and social agendas. They don’t like it, but they sheepishly accept it. The schools, the NGOs, corporations, Hollywood, the media have inculcated their notions into society.

This is a real problem. When these things get out of control, the consequences can be genuinely terrible. Trends in motion tend to stay in motion—and this one is even accelerating.

America is unique among the world’s countries because it was founded on the premises of individualism and capitalism, free minds and free markets. More than any other country, it’s lived up to those ideals.

But these people don’t want just a change of government; they want to overturn the actual things that have made America, America. There’s no other place to go once America goes.

Where can you run? In fact, the whole world is moving in the same direction.

International Man: Let’s talk about the Democratic Candidate for president, Joe Biden.

It’s clear that Biden is in cognitive decline.

What do you think this means for his chances of winning in November? If he does win, who will really be running the country?

Doug Casey: Maybe it doesn’t make any difference who the Democratic candidate is at this point. They could probably run a chimpanzee in his place and expect the same result. This election is all about hating Trump. It has little to do with what Trump does or doesn’t believe—because he has no philosophical center. Unfortunately, he’s an authoritarian and a jingoist at heart. His supporters equate that with strength.

The fact that Biden is borderline senile is irrelevant. What’s much more important is who’s going to be his vice president. Biden has said it’s going to be a black female. Which, in today’s heated environment, means basically a crypto-communist.

That’s really dangerous because the president has a lot of power: including the power to make several thousand direct appointees with immense influence. Trump has been very unsuccessful in all his appointments. Philosophically, he might as well have picked random names out of the telephone directory. The Democrats, however, can be counted on to plug in fully vetted idealogues.

If Biden wins, he’ll probably get the Senate and the House too. The Democrats will get a vast array of programs and departments approved. The changes will be much more radical than either Roosevelt’s New Deal or Johnson’s Great Society.

They’ll finance it with unlimited money in a world of Modern Monetary Theory (MMT). The US will get a makeover. America will cease to exist.

It’s really serious. The consequences of the Greater Depression will go far beyond a simple bear market.

We’ve survived borderline incompetent and crazy presidents before, of course, like Woodrow Wilson. During his second term, he was rarely even seen in public. It’s known that his wife was making all the decisions. She was, in effect, speaking for Woodrow. Incidentally, he’s my candidate for our worst president. He gave us the Federal Reserve, the income tax, World War One, and much more.

Franklin Roosevelt was elected in 1932, 1936, 1940 and 1944. He would have been elected for life if he hadn’t died in office. Maybe Americans really want a king or a dictator, if Roosevelt is any indication.

Of course, the Constitution now prohibits more than two terms. But perhaps, that no longer makes much difference.

Sure, the president is important. But the fact of the matter is that the Deep State—which is to say the top senators and congressmen, heads of the Praetorian agencies, generals, top corporate guys, top academic guys, top media people—really runs the country.

Since the Deep State supports Biden and despises Trump, they’ll do everything in their power to defeat him.

The 2016 election hit them out of left field. They were taken completely by surprise; they didn’t think it was possible. This time they’re going to be organized, and the Deep State is going to be working actively against Trump’s reelection. That along with everything else I’ve enumerated here and, in our conversation, last week makes for a gloomy scenario.

The chances are overwhelming that the Democrats will win.

Then the cat’s out of the bag. It’s all over for the Old America. Even if we don’t have an actual civil war.
 

davycoppitt

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Here is a pic of the parking lot of a large hotel in downtown Minneapolis I took yesterday. I have never not had to fight to get a spot. Maybe 8 cars in the parking lot. Almost all businesses I have been going in are hurting and hurting bad. You can see it when you talk with the owners. They are finally seeing it for what it is.

hotel.jpg
 

BarnacleBob

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Is the U.S. dollar and dollar denominated bank credit in Jeopardy of collapsing??? Per the St. Louis Fed, the banks are reportedly solvent....

Total physical currency in circulation: $1,759.8 billions

fredgraph.png


Total bank credit issued & outstanding:
$14,858.1461 billions.

fredgraph (1).png


Total bank assets: $20,183.7352 billions

fredgraph (2).png


Total bank liabilities: $18,017.1450 billions

fredgraph (3).png


The Government's Financial Position and Condition
This Financial Report presents the government’s financial position at the end of the fiscal year, explains how and why the financial position changed during the year, and discusses the government’s financial condition and how it may change in the future.

https://fiscal.treasury.gov/reports...ernment-financial-position-and-condition.html
 
Last edited:

Scorpio

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something else to add,

really nice run in metals, but now they are both pegged in way overbought status,

pretty sure the robinhood boyz and others have had a play in this run

time to sheer the sheep

gold.png


silver.png
 

Scorpio

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added some lines to the charts so you could see where these are at,

a break to the 50 dma would be a positive to set up the next leg or run

gold.png


silver.png
 

Scorpio

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the oil big boy BP,

announces a dividend cut in 1/2,
announces massive decline in revenues,

and the stock is jumping on the newz

too funny
 

Strawboss

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Scorpio

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as expected, metals open up on the tramp stimulus newz

but, the dollar isn't really doing much, flat to up,

so by the am, we could see if the metals resume a correction or if they gather steam to the up

for now they are holding their opening gains quite well
 

BarnacleBob

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It was NOT the Federal Reserve Act that created the problems, it was President Grover Cleveland that did. The Federal Treasury was nearly out of gold in 1895, at the depths of the Panic of 1893. JP Morgan had put forward a plan for the federal government to buy gold from his and European banks but it was declined in favor of a plan to sell bonds directly to the general public to overcome the crisis. Morgan, sure there was not enough time to implement such a plan, demanded and eventually obtained a meeting with Grover Cleveland where he claimed the government could default that day if they didn't do something. Morgan came up with a plan to use an old civil war statute that allowed Morgan and the Rothschilds to sell gold directly to the U.S. Treasury, 3.5 million ounces, to restore the treasury surplus, in exchange for a 30-year bond issue.

The Federal Reserve Act spread the wealth and control beyond that just of Morgan and the Rothschilds.
 

Scorpio

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yes, the fed reserve act came from the act of the us being broke yet again,

it had a habit of doing that,

kind of like current day argentina, constantly going broke
 

madhu

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Despite that church being in an active seismic zone, it has withstood for 1500 years, an engineering marvel. Of course Ancient Rome has the pantheon and so much history,

Constantinople and Istanbul has so much of history. That then leads to the greek history. Amazing sun worshipers, pagans before christianity.
 

Scorpio

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just as we talked of earlier,

metals getting the heave to today,

big downs as you all know, but certainly predictable as we did here,

the run was so silly to the up, that we could easily see a drop all the way to the breakout just over 20
 

Scorpio

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asking a question,

we have all heard the scuttlebutt re chin li buying mountains of us grains,
so that helps the demand side of things for the farmers,

then this week, a storm moves thru the plains, kicking the daylights out of the croplands as it moved thru. Supposedly real high winds covering very large swaths of country. Assuredly this should have damaged a great deal of the fall harvest.

grain prices are showing some movement,

Sure corn moved some today, but it doesn't seem equivalent to the newz?

what do the traders know that the narrative doesn't fit the pricing?

while placing long bets, seems as though they are cautiously doing so,

1.png
 
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Scorpio

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you saw some movement in corn with the above chart,
here is the bean chart, showing a bit more of a move to the up over the past couple of days


edit and btw, beans are showing a possible bullish cross very soon with the 50x200 cross coming up


bean.png
 

Uglytruth

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N W Ohio is dry.... very dry. Talked with my neighbor who is a farmer the other day. Yields are going to be way down in this area.
 

Scorpio

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natty bases a bit, then makes another run Friday,

Haven't kept up on the news that is keeping that one running

1.png
 

Scorpio

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here you go stack


sc.png
 

Hystckndle

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Shite a brick. Looked at that last Friday and muttered to myself.
The big guys have it hedged I suppose...but that can sure turn on you.
Thought of you today...and talked to Mrs Stack about it...
drove past the standing tall silo looking concrete stairwells of a progressing , some dried in, some buildings just at slab,
stick build 3 story complex, few hundred units...but was going 80 and camera phone not appropro...
Lotta jack locked up in the timber. Man what a chart.
 

Scorpio

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I have no projects exposed to it at this time,
as I planned to sit down til after the election about now,

worked out great from my standpoint
 

Uglytruth

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Talking with a coworker today. Smart guy from India. He is a Bernie supporter so we have fun talking about it. He has a much different perspective than we have been taught here in the US. He was telling me about WW1. About how Prez Wilson built up the navy.

The Naval Act of 1916 was also called the "Big Navy Act" was United States federal legislation that called for vastly enlarging the US navy. An overlooked landmark piece of legislation, President Woodrow Wilson determined amidst the repeated incidents with Germany to build "incomparably, the greatest Navy in the world" over a ten-year period with the intent of making the U.S. Navy equal to any two others in the world. Ultimately, more than $500 million was to be spent on ten battleships, six battlecruisers, thirty submarines, fifty destroyers, and other support vessels, to be built over a three-year period.

And it got me to thinking about a timeline. Fed reserve started in 1913 & war breaks out in europe in 1914........

Rockoff estimates the total cost of World War I to the United States at approximately $32 billion, or 52 percent of gross national product at the time. He breaks down the financing of the U.S. war effort as follows: 22 percent in taxes, 58 percent through borrowings from the public, and 20 percent in money creation.

So the banksters win again.



Talking to another person I work with that is very sharp he teases me about Zerohedge Conservative Tree House articles. He sends me links and that forces me to read them so we can continue our conversation.

As I am reading them they are pretty much 180° from what my articles stated.

Is it possible tptb have created both sides of the same argument to appeal to one "side" or the other and post it to keep us at each others throats?
They know no one is watching the tv or readying news papers. Both sides saying it's gotta be true I read it on the innerwebthingy.
 

Scorpio

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we have had these discussions here,

where the internet back in the day was the wild wild west,
when in a matter of no time at all, all these various items became available to us,

and as time went on, the propagandists saw it as a vehicle to continue their nonsense,
much of that is posted here and across the net

BB made a comment many years ago that we would see the day where the internet eventually became a commercial enterprise, rather than a free source of information,

which of course has come true,

and with that, one can easily see the information on the net being co-opted by 'interested parties' shall we say
 

Uglytruth

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* We know both parties are corrupt to the core and need eliminated.
* We know the only way to do that is to blow up the system.
**** What if Trump runs as an independent?
* Remember he is popular not the republican side of the uniparty.
* Dementia Joe is a sick man and no one wants the trojan ho. (or what's been inside her)
* Repukes have no one ready, registered, paperwork deadlines etc..... and are caught flat footed.
* The ds would not be expecting such a crazy move.
* It would knock the two party system into orbit.
* Exposing the fake news & corruption.....
* The uniparty's parties heads explode on both sides.
* ds exposed.
* Makes it hard to cheat on preprinted mail in voting.
* Time for acting like a conservative is over.
* Time for acting like a progressive is over.
* Talk about a STORM!
 

Uglytruth

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Above idea came from reading this......

https://intelnews.org/2020/08/21/01-2857/

Republican ex-intelligence officials launch high-profile campaign against Trump

August 21, 2020 by Joseph Fitsanakis 10 Comments

A group of former United States senior intelligence and national security officials, who support the Republican Party, launched today a campaign to deny Donald Trump a second term as president. Calling itself Former Republican National Security Officials for Biden, the group launched its high-profile campaign with a full-time ad in the business broadsheet The Wall Street Journal.


The ad is signed by 73 members and supporters of the Republican Party, who served in senior intelligence and national security posts under presidents Donald Trump, George W. Bush, George H.W. Bush, and Ronald Reagan. The list of signatories includes former Air Force Secretary Mike Donley, former National Counterterrorism Center Director Michael Leiter, former Director of National Intelligence John Negroponte, and former Central Intelligence Agency (CIA) Director General Michael Hayden. William Webster, who served as director of the Federal Bureau of Investigation and the CIA, and Elizabeth Neumann, former assistant secretary of Homeland Security, also signed the ad.


The text of the ad accuses the US president of corruption and lambasts him for lacking “the character and competence to lead this nation” in a time of crisis. It argues that Trump is “unfit to serve as president” because he “solicited foreign influence”, “disparaged [the US] armed forces, intelligence agencies, and diplomats”, and “imperiled America’s security”. In these and other ways, says the Republican group, Trump has “demonstrated that he is dangerously unfit to serve another term”.


This development highlights the contentious and at times downright adversarial relationship that has existed between the White House and parts of the United States Intelligence Community during Trump’s presidency. At the same time, such a high-profile effort by established intelligence and national security figures to deny the US president a second term in office, could be used by the Trump campaign as evidence of his crusade against what his supporters refer to as the ‘deep state’. The term refers to a purported network of unelected interests that resist the president’s efforts to implement his political agenda.
 

gringott

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That is really weird. NeoCon RINOs don't like Mr. Trump. Who would have thought that possible?