Mining Sector Ideas

[bigworld]

Rinear's Latest from Sunday Morning
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Financial Intelligence Report

The Newsletter for people willing to take control of their financial future


Part 1: General Commentary
Part 2: Market Commentary

Silence of the Lambs

NOTE> I asked in the last article that if you would like to help support this newsletter and keep the ads out of it, a small donation would be appreciated. Some of you don't like the idea that the donation link is to our paypal account. I get that, their woke views aren't much in alignment with ours. Next year I will be adding different payment methods. But for right now, I'm stuck with them. If you can see to it, to support our work, Yes I'd appreciate it. I don't know of too many free newsletters that have never had an advertisement in them. Ours hasn't in 30 years, and believe me I've turned down tens of thousands of dollars in ad revenue I could have made. Actually, over 100 by now. So, help me keep it ad free. It costs a ton to send out "free" letters.

Okay....

The one thing the globalist cabal hates more than anything, is us Rubes being able to share information about the corruptions they are engaged in. It angers them to no end, that true American Patriots, can investigate their plans, and via the Internet, try and counter them. So, as you can imagine, they want ever more control over the net, and what can be posted on it and by whom. Consider this.... this is the kind of "inside" info that the elitists cannot allow to be spread in a free speech society:

Tara Servatius

NikkiHaley had breakfast with BlackRock CEO and World Economic Forum board member Larry Fink Tuesday morning to raise money. By that afternoon, Haley was pushing mandatory "verification" of all social media users. Here's why.

Fink's big push is what he calls "digital payments," or central bank digital currency. Fink wants America to adopt a system like India's digital system, called Aadhaar, which citizens must have a verified digital ID to use. Bill Gates' foundation designed their digital ID system, which they use to access the internet.

Last week, the World Economic Forum held a symposium to push "50 in 5" its goal to get 50 countries in 5 years to adopt Bill Gates' digital identity system, which strips anonymity from users, who then would be required to have it as part of a digital wallet in order to acess and spend digital money. With money tied to identity for the first time, governments could control how an individual spends it, because the central bank digital currency would be programmable. It is an authoritarian's dream because cancellation could now include tracking people's online postings and freezing their ability to use money.

The Europeon Union last week announced it is in the process of adopting Gates' totalitarian digital ID system, the software for which he is giving away for free. It would be voluntary at first, but eventually required to access social media, use money, and do just about everything else that is digital.

Essentially, what Haley just did was sell you out to get the so-called "mark of the beast" in exchange for campaign funding from the Fink crowd, which has limitless resources. Fink is the creator of ESG scores, which cancel companies that aren't woke enough by cutting them off from investment. He's apparently angling to cancel individuals and "score" them the same way. Oh, and by the way, digital IDs are the basis for the Chinese social credit system.

It's things like that, things I've said, things Don Bongino says, things Alex Jones says, things Dave Janda says, and multiple others, that absolutely drive them batshit. So, with that in mind, many of you don't know that the Biden admin has requested that basically the FCC takes over every single aspect of the internet. I'm not talking some goofy group of "fact checkers" in someone's basement. I'm talking about everything concerning the infrastructure, the implementation, the speed of downloads, and much much more.

Biden called on the FCC to implement a one-page section of the 2021 Infrastructure Investment and Jobs Act (Infrastructure Act) by adopting new rules of breathtaking scope, all in the name of "digital equity." For the first time ever, those rules would give the federal government a roving mandate to micromanage nearly every aspect of how the Internet functions...from how ISPs allocate capital and where they build, to the services that consumers can purchase; from the profits that ISPs can realize and how they market and advertise services, to the discounts and promotions that consumers can receive. Talk about central planning.

Folks they want it all.

But do not take my word for it. The text of the order expressly provides that the FCC would be empowered, for the first time, to regulate each and every ISP's:

"network infrastructure deployment, network reliability, network upgrades, network
maintenance, customer-premises equipment, and installation;

"speeds, capacities, latency, data caps, throttling, pricing, promotional rates, imposition of late
fees, opportunity for equipment rental, installation time, contract renewal terms, service
termination terms, and use of customer credit and account history";

"mandatory arbitration clauses, pricing, deposits, discounts, customer service, language
options, credit checks, marketing or advertising, contract renewal, upgrades, account termination,
transfers to another covered entity, and service suspension."

As exhausting as it is to read that list, the FCC itself says it is not an exhaustive list. The Biden Administration's plan empowers the FCC to regulate every aspect of the Internet sector for the first time ever. The plan is motivated by an ideology of government control that is not compatible with the fundamental precepts of free market capitalism. But it gets worse. The FCC reserves the right under this plan to regulate both "actions and omissions, whether recurring or a single instance." In other words, if you take any action, you may be liable, and if you do nothing, you may be liable. There is no path to complying with this standardless regime. It reads like a planning document drawn up in the faculty lounge of a university's Soviet Studies Department.

Well the vote took place on the 15th and yeah it passed. The vote was 3-2 in favor. This is what Ted Cruz had to say about it Monday:

U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) released the following statement after the Federal Communications Commission (FCC) voted to finalize its "Digital Discrimination" order:

"Despite admitting there's "little to no evidence" of discrimination by telecommunications companies, Democrats are hoping to convince the American people that broadband Internet is so racist they need to plow ahead with government-mandated affirmative action and race-based pricing. The only beneficiaries of this Orwellian "equity" plan are overzealous government regulators who want to control the Internet."

They're coming after us hard folks. From digital money, digital ID systems, absolute control of every aspect of the internet, everything you say or do. We are in the fight of our lives. That's why finding like minded web sites/pod casts, etc are so vital right now.

I used to do 10 - 15 radio shows and podcasts a week, mostly on terrestrial radio. It got overwhelming and I stopped about 5 years ago. But I think it's time for me to get back on the air, and really let loose. We're in a war, and I don't want to lose. Good luck.

The Market:

So, we've got some interesting things to look at right now. First off, The DOW, the S&P and the QQQ are in overbought territory. If you look at RSI, and MACD levels, we're clearly overdone. But markets can get "overdon'er" so to speak. Now, the S&P is challenging some highs it set in September right here at this 4510 to 4540 area. The DOW is also testing some resistance set in early September at the 35000 level. The QQQ is testing a peak high it set in July.

So, all three major indexes are challenging a resistance level. So too is the IWM, which is the Russell ETF. It's fighting to break over its 200 day moving average, which it managed to do Wednesday intra-day, but couldn't hold. Thus we've got challenges on four big indexes.

They're either going to be successful and start a leg higher into the seasonality, or we're going to take a pause here, retrace a bit and then see them try again in December. I think a slight fade/pause to build a base makes sense, but when markets have the MOMO, anything can happen. We could simply power ahead.

The powers that be, want this market higher. That's why they fudged the CPI reading and the market rejoiced. The Democrats know that most Americans are struggling, and if they keep the market up, it gives people hope that things aren't really that bad. Well they are that bad. You know it and they know it. But illusion is a powerful weapon and they're willing to use it.

The bottom line is this... this market has no business being at the levels its at. But it is being manipulated to remain up. Our bond auctions suck, no one wants our debt and the fed is buying up everything not nailed down to keep things running. The carry trade with the Japanese yen has about run its course, we've got two wars going on, and all manner of political upheaval as more and more evidence of the stolen election surfaces. We're in a dangerous place folks. So lean into this and get what you can. just know that the music could stop at any minute and we start a long sharp downturn. Yeah, it's like that. Good luck.