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The War on Gold and Individual Freedom Intensifies.
I don't need no wah-wah Mining\Metal News
And I know how sweet life can be
If I keep myself free, wah-wah
I don't need no wah-wah
Wah-Wah (2014 Remaster)
Ronan Manly: Trump tariffs will trigger trade war, with gold and silver benefiting
Submitted by admin on Mon, 2024-12-09 10:22 Section: Daily Dispatches
By Ronan Manly
Bullion Star, Singapore
Monday, December 9, 2024
With less than two months until his inauguration on 20 January 2025, U.S. President-elect Donald Trump is ramping up the rhetoric on tariff threats to unprecedented levels -- even by his own "all guns blazing" standards.
In the space of less than two weeks, Trump has lost no time in firing off import tariff threats against China, Canada, Mexico, and all nine member countries of BRICS (a grouping that represents 45% of the world's population).
In doing so, Trump is rekindling fears of global trade wars and creating global economic uncertainty.
This global economic uncertainty coupled with the expected increase in inflation caused by probable trade wars will have serious consequences for global financial markets, but will likely be a boon for precious metals prices, given the role of gold and as universal safe-haven assets and traditional inflation hedges. ...
... For the remainder of the analysis:
https://www.bullionstar.us/blogs/ronan-manly/trump-tariffs-will-trigger-global-trade-war-with-gold-and-silver-set-to-benefit/
.....
China signals bolder stimulus for next year as Trump returns
Submitted by admin on Mon, 2024-12-09 10:41 Section: Daily Dispatches
From Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, December 9, 2024
China's top leaders signaled bolder economic support next year using their most direct language on stimulus in years, as Beijing braces for a trade war when Donald Trump takes office.
President Xi Jinping's decision-making Politburo vowed to embrace a "moderately loose" monetary policy in 2025, signaling more rate cuts ahead and shifting from a "prudent" strategy that has held for 14 years.
he 24-man body also vowed "more proactive" fiscal policy at its monthly huddle, according to the official Xinhua News Agency, raising expectations for Beijing to widen the fiscal deficit from 3% at the annual parliamentary session in March. That would open the door to more central government borrowing to shore up the faltering economy. ...
For the remainder of the report:
https://finance.yahoo.com/news/china-eases-monetary-policy-stance-073152230.html
......
Stocks slumped today, and failed to recover even into the close.
They were incredibly short term overextended.
Gold and silver rallied sharply after the Non-Farm Payrolls and Option Expiration smackdowns.
Wash - rinse -repeat.
Bitcoin backed off further from its attempted takedown of $100,000.
VIX ticked upward slightly but there was no real fear in the markets today.
The billionaires are attempting to terraform the American political landscape to make their oligarchy more comfortable.
Have a pleasant evening.
https://jessescrossroadscafe.blogspot.com/
🚨I'm Quitting my J.O.B for YouTube 🚨 F**k This Shi*
Roxy Music - Jealous Guy
Current State of the Silver Markets | Keith Neumeyer
Uncovering the full potential of one of the largest past-producing gold mines in South America
1972 HITS ARCHIVE: Jump Into The Fire - Nilsson (stereo 45 single version)
Commodity Wars Rage as the Big Money Accumulates Hard Assets for Cents on the Dollar.
Rob McEwen - These Commodities Will Be On Everyone's Radar Discussed in this interview:
Dec 1, 2024 #Wealthprotection #Singapore #Wealthpreservation
Rob McEwen from McEwen Mining joins Patrick Vierra in a chat about the economy, precious metals, the health of the miners, and the challenges they face. Regulations, nationalization and demand outpacing supply are just some of the topics discussed as these are but some of the challenges miners face. Opportunities are here.
00:00 Introduction
02:03 Current Trends in Gold Prices
06:16 U.S. Debt, Inflation, Manufacturing Competitiveness
08:46 Global Currency Concerns
13:52 Confiscation of Assets, U.N. Falling Apart, Sovereignty
17:50 The Health of the Miners and Copper Demand
23:20 Can Copper Keep Up With the Electrification of Everything?
32:30 Updates and Info on McEwen Mining
Contraire. Advertising pays bills also. So you are a customer/contributor💲 For me I have level 2 for my penny stocks.🙂
Translation of Birthday Party unicorn piñata: A more than fully priced market ready to be harvested 🙀
Hey I get the hint !
but I don't pay the bills around here
Thanks to them that pay the bills around here
or else their would be no Ihub
The Dollar’s Decline: Gold, Silver, and the Great Financial Reset Feat Stephen Leeb - LFTV Ep 202 Timestamps:
Dec 6, 2024
In this episode of Live from the Vault, Andrew Maguire teams up with economist Dr Stephen Leeb to dissect the seismic shifts in the global financial landscape. They uncover why the US dollar’s dominance is crumbling, the role of gold in reshaping monetary systems, and the pivotal moves by BRICS nations to establish a multipolar world order.
Delve into the implications of fiat currency failures, central bank gold strategies, and the critical importance of spiritual versus material approaches to global economics.
00:00 Start
01:33 Introduction of Dr Stephen Leeb
02:53 Spiritual vs material focus in economics
05:55 End of the gold standard and fiat currency issues
09:43 Economic progress in the US, Russia, and China
12:21 Russia and China’s rise in the 21st century
18:12 Decline of US innovation and rise of short-termism
24:04 Fragility of the US monetary system
30:01 Gold’s growing importance in a multipolar world
37:02 Central bank strategies and BRICS gold-backed systems
43:03 Spirituality, science, and sustainable economics
50:05 Future of gold and silver as key assets
57:07 Digital gold and sound money movement
Alicia’s Birthday Party unicorn piñata!! With hilarious results!! l Bowie Family Vlogs
When The Music's Over (Live At The Bowl '68)
Bitcoin is a competitor for gold, not dollar, Fed chairman says
with MMGYS Sound
Jamiroquai - Virtual Insanity (Official Video)
Bitcoin is a competitor for gold, not dollar, Fed chairman says
Submitted by admin on Wed, 2024-12-04 18:01 Section: Daily Dispatches
By Rocio Fabbro
Quartz, New York
Wednesday, December 4, 2024
While cryptocurrency fans like to float bitcoin as a possible replacement for the U.S. dollar, Federal Reserve Chairman Jerome Powell doesn't quite see it that way.
Speaking today at The New York Times DealBook Summit in Manhattan, the central banker said bitcoin is a speculative asset like gold rather than something comparable to a currency.
"It's just like gold only it's virtual," Powell said. "People are not using it as a form of payment or as a store of value. It's highly volatile. It's not a competitor for the dollar. It's really a competitor for gold." ...
... For the remainder of the report:
https://qz.com/bitcoin-gold-us-dollar-federal-reserve-chair-powell-1851713794
gys4
Jan Nieuwenhuijs: Repatriated gold reaches historic highs
with MMGYS Sound
Hope you're having a good evening ☺️
Submitted by admin on Thu, 2024-12-05 13:26 Section: Daily Dispatches
By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Thursday, December 5, 2024
The share of global official gold reserves NOT stored at the Federal Reserve Bank of New York and Bank of England in London has reached 78% in 2024, from 51% in 1972.
The shift in this ratio appears to be accelerating and can be seen as a proxy for the West’s decline in financial dominance.
"Gold is the bedrock of stability for the international monetary system," wrote former President of the German central bank, Jens Weidmann, in 2019. Not surprisingly, no national currency has ever become the world reserve currency without a substantial amount of precious metal supporting it.
Before the U.S. dollar, the pound sterling was the world reserve currency. In the 19th century, a significant part of global commerce was transacted in sterling (backed by gold) and cleared in London. Central banks could redeem British pounds for gold and build their metallic reserves at the vault of the Bank of England in the most liquid gold market globally: London. ...
... For the remainder of the report:
https://www.moneymetals.com/news/2024/12/05/repatriated-gold-reaches-historic-highs-003667
What Shelter from the Mania?
MMGYS Soundtracks
“The 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy."
Alex Carey, Taking the Risk Out of Democracy: Corporate Propaganda, 1997
"How did we get into this mess in the first place? As in the 1920s, the current 'disturbance' started with a 'mania.' But manias always have a cause. If you investigate individually the manias that the market has so dubbed over the years, in every case, it was expansive monetary policy that generated the boom in an asset. The particular asset varied from one boom to another. But the basic underlying propagator was too-easy monetary policy and too-low interest rates."
Brian M Carney, Bernanke Is Fighting the Last War, Oct. 18, 2008
"We may make ourselves popular by telling our fellow citizens that they have made Discoveries, conceived Inventions, and made Improvements. We may boast that we are the chosen people; we may even thank God that we are not like other men. But after all it will be but flattery, and the delusion, the self deceit of the Pharisee."
John Adams, Letter to John Taylor, 29 July 1814
"We are entering a speculative mania now. Hysteria and passions are running high with greed and entitlement. When the reckoning comes, the insiders and moneyed interests will be blaming the small speculators. They always do. But they are at the heart of it, urging on the speculation, and steadily weakening the safeguards and regulations at every turn so that they can extend their outsized misappropriation of the nation's wealth."
Jesse, Mania, 26 January 2021
"It is equally beyond doubt, that every speculative mania which has run its course of folly and disaster in this country has derived its original impulse from cheap money."
The Economist, 1858
“In reading the History of Nations, we find that, like individuals, they have their whims and their peculiarities, their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.”
Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds, 1841
"The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse."
Charles Kindelberger, Manias, Panics, and Crashes, 1978
"In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them."
John Kenneth Galbraith, The Great Crash of 1929
Tomorrow will be the Non-Farm Payrolls report for November.
And given that the risk markets are highly dependent on liquidity supplied by the Fed, its importance is greatly amplified.
So let's see how it goes.
The Dollar fell, losing the 106 handle. It's a bit surprising given the economic and political turmoil in Europe. The euro is the largest influence on the DXY index.
VIX marked time at a recent low.
Stocks tried to rally but foundered, with the futures falling even further from unchanged after the close.
Gold and silver were suitable hit the day before the Payrolls, although silver managed to take back all of its losses from the open, finishing unchanged.
But as this latest episode of the Fed's meddling to support its increasingly parasitical banking system winds down, we see the aftermath of the bubble approaching once again.
And the neo-cons, the warhawks in Washington, are gorging themselves with abandon one what the financial system fails to consume of the real economy.
Where can one find a safe shelter from his hysteria, this willful mania?
Not in Bitcoin, of that I am almost sure.
And not in the self-serving strategic blundering of the likes of Blinken, Sullivan, and Biden. They are at the heart of decay and corruption in the bare bones of the Empire.
And almost assuredly not from act two of Don Trumpolini. It will be different, but not likely better.
One must look to history, to see what assets have endured the storms of human greed and foolishness, of broken promises and betrayals.
And stand, to remain standing, despite the lawless winds that blow through the land.
Have a pleasant evening.
https://jessescrossroadscafe.blogspot.com/
https://jessescrossroadscafe.blogspot.com/
Lone Justice - Shelter live
ADULT MUSICAL CHAIR- Funniest musical chair...very funny.
Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair
Reading soundtracks by MMGYS
Coldplay - Fix You
By Pam Martens and Russ Martens: December 5, 2024 ~
Paul Atkins
Two years ago, more than 1,600 computer scientists, software engineers and technologists from around the world sent a letter to U.S. Senate and House Committee Chairs, Ranking Members, and Congressional leaders.
There were 45 signatories that were employed at Google at the time; 19 who worked at Microsoft; 11 employed at Apple. There were signatories that are Ph.Ds from the most prestigious universities in the world, including the University of Oxford and MIT. And all 1,600 signed a letter that says this about crypto and blockchain:
“We strongly disagree with the narrative—peddled by those with a financial stake in the crypto-asset industry—that these technologies represent a positive financial innovation and are in any way suited to solving the financial problems facing ordinary Americans…
“As software engineers and technologists with deep expertise in our fields, we dispute the claims made in recent years about the novelty and potential of blockchain technology. Blockchain technology cannot, and will not, have transaction reversal or data privacy mechanisms because they are antithetical to its base design. Financial technologies that serve the public must always have mechanisms for fraud mitigation and allow a human-in-the-loop to reverse transactions; blockchain permits neither.”
The letter links to an article from Bruce Schneier, a Security Technologist who teaches at the Harvard Kennedy School. The article appeared at Wired on February 6, 2019 under the headline: “There’s No Good Reason to Trust Blockchain Technology.” The article makes the following salient points:
“What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network. And you need to trust them absolutely, because they’re often single points of failure.
“When that trust turns out to be misplaced, there is no recourse. If your bitcoin exchange gets hacked, you lose all of your money. If your bitcoin wallet gets hacked, you lose all of your money. If you forget your login credentials, you lose all of your money. If there’s a bug in the code of your smart contract, you lose all of your money. If someone successfully hacks the blockchain security, you lose all of your money. In many ways, trusting technology is harder than trusting people. Would you rather trust a human legal system or the details of some computer code you don’t have the expertise to audit?”
In 2019, Trump Tweeted that “Bitcoin and other Cryptocurrencies” are “based on thin air” and “can facilitate unlawful behavior, including drug trade….” In 2021, Trump was on Fox Business calling crypto a scam. But all that was before crypto billionaires began plowing big money into his latest campaign for President and he and his family created their own crypto firm, World Liberty Financial. Now Trump is all in on crypto and pledging to make the U.S. the crypto capital of the world.
This past July, Trump delivered a speech at the 2024 Bitcoin Conference in Nashville, Tennessee. At 46 minutes and 10 seconds (46:10) on this CSPAN video of the Trump speech, you can hear Trump say this to the audience:
“America will become the world’s undisputed bitcoin mining powerhouse. You’ll be a bitcoin mining powerhouse. You will not have to move your family to China. We will not be moving to China. As we implement these reforms, Bitcoin and crypto will grow our economy, cement American financial dominance and strengthen our entire country, long into the future….”
Yesterday, consistent with what Trump is doing with other federal agencies, Trump nominated a crypto cheerleader, Paul Atkins, to become Chair of the Securities and Exchange Commission. And, unlike some of Trump’s other jaw-dropping picks, Atkins has actual prior experience at the SEC, so he will more than likely pass Senate confirmation.
That could make Atkins an extremely dangerous man to U.S. national security interests because crypto mining is adding to the heating of the planet and life-threatening climate change.
In January 2022, Senator Elizabeth Warren and other Democrats in Congress investigated the inherent dangers between crypto, energy usage and the heating of the planet. A press statement summarized their concerns as follows:
“Bitcoin is the largest cryptocurrency by market cap, and the United States’ share of Bitcoin mining increased from 4% in August 2019 to 35% in July 2021. This share of mining is growing even more rapidly after China’s crackdown on crypto-mining, which left 500,000 mining operations looking for new locations. This could push North America to represent over 40% of the total global computing power dedicated to mining Bitcoin. As more cryptomining operations proliferate in the United States, the extraordinary energy use raises alarms about massive carbon emissions and the impacts of this energy consumption on consumer energy prices. A recent study estimated that cryptomining in upstate New York raised annual electric bills by about $165 million for small businesses and $79 million for consumers.”
According to a report published by the United Nations University and Earth’s Future journal, “during the 2020–2021 period, the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. This means that if Bitcoin were a country, its energy consumption would have ranked 27th in the world, ahead of a country like Pakistan, with a population of over 230 million people. The resulting carbon footprint was equivalent to that of burning 84 billion pounds of coal or operating 190 natural gas-fired power plants. To offset this footprint, 3.9 billion trees should be planted, covering an area almost equal to the area of the Netherlands, Switzerland, or Denmark or 7% of the Amazon rainforest.”
The report also found this:
“The UN scientists report that Bitcoin mining heavily relies on fossil energy sources, with coal accounting for 45% of Bitcoin’s energy supply mix, followed by natural gas (21%). Hydropower, a renewable energy source with significant water and environmental impacts, is the most important renewable source of energy of the Bitcoin mining network, satisfying 16% of its electricity demand. Nuclear energy has a considerable share of 9% in Bitcoin’s energy supply mix, whereas renewables such as solar and wind only provide 2% and 5% of the total electricity used by Bitcoin.”
Bitcoin mining involves massive banks of computers being deployed to solve complex math problems which have no practical use to society. The incentive to build these crypto “mines” and solve the math problems is simply to get rewarded with the payment of Bitcoins. A rational person would have to seriously question if the fossil fuel industry has been the invisible hand in creating this preposterous business model to prop up energy demand and prices.
Indicating just how pleased crypto interests were with the nomination of Atkins to head the SEC, Bitcoin spiked above $100,000 yesterday for the first time, following the announcement.
Atkins worked for two SEC Chairmen in the 90s, serving as Chief of Staff to Richard Breeden and Counsellor to Arthur Levitt. He returned to the SEC as a Commissioner from 2002 to 2008. Atkins received his J.D. from Vanderbilt University School of Law.
Following his stint as an SEC Commissioner, Atkins founded Patomak Global Partners in 2009. He remains there today as its CEO. Patomak is a firm that helps crypto firms, Wall Street trading houses and megabanks push for less regulation and get out of trouble with their regulators. It is the quintessential revolving door company with its lawyers having previously worked at Big Law firms providing outside counsel to Wall Street and/or at federal regulators like the SEC and Office of the Comptroller of the Currency (OCC). For an understanding of just how that revolving door spins, the orbit of Keith Noreika who now serves as Executive Vice President and Chairman of the Banking Supervision and Regulation Group at Patomak Global Partners is an eye opener.
Patomak’s website shares the following about its “Litigation Support” and “Crisis Management and Investigation Issues” for its clients:
“Our team assists counsel in legal, regulatory, and transactional issues involving major financial firms and collaborates with counsel to develop litigation strategies. The team then assists counsel with preparing for depositions and enforcement interviews. Patomak’s experience and vision help clients develop effective litigation strategies in preparation for depositions and enforcement interviews.”
And this:
“We work with law firms to support financial institutions during high-profile regulatory investigations. In doing so, we provide expert-level insights to aid preparation for interactions with regulators and Congress on sensitive issues.”
https://wallstreetonparade.com/2024/12/despite-more-than-1600-tech-scientists-signing-a-letter-calling-crypto-a-sham-trump-names-a-crypto-cheerleader-for-sec-chair/
Every 1's A Winner - ZDF Fernsehgarten 18.08.2019