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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Painful as this week’s government intervention against gold was for gold investors, at least it may have demolished what was left of the credibility of the World Gold Council. The council’s “chief market strategist,” John Reade, tiptoed up to the intervention and then … Read more
…. pic.twitter.com/QUNzkxx1nX — ELINT News (@ELINTNews) August 15, 2021 “There's going to be no circumstance where you see people lifted off the roof of an Embassy of the United States of America from Afghanistan” – Joe Biden, July 8, 2021pic.twitter.com/R1qnnTvyoX — Jack Posobiec (@JackPosobiec) August 15, 2021 The American public has turned on Joe Biden … Read more
by confoundedinterest17 The purchasing power of the US Dollar has been virtually erased since the creation of The Federal Reserve in 1913 when $1,000 in 1913 is now worth $36.36. And M2 Money Velocity (GDP/M2 Money) has crashed and burned to the lowest level in history. Inflation? Home price growth YoY is the highest in modern … Read more
Firefighter catches suicide jumper out of the air https://t.co/jiDd2XrdP3 — Dudes Posting Their W’s (@DudespostingWs) August 14, 2021
Multiple helicopters, one after another land, load and takeoff at U.S. Embassy in Kabul as U.S. forces scramble to get people out. Blackhawk helicopters now flying in as well. This is happening right now — just clipped this video from an ABC News satellite feed running LIVE out of Kabul right now. h/t yahuyemeni111
It’s been 14 years since Ohio raised the rate of tax on motor fuel. But in those 14 years, fuel efficiency, electric and hybrid cars, and rising costs of materials to maintain, repair and replace roads have widened the gap in funding for road infrastructure. “We look at it as a user fee for the … Read more
US inflation is at 5.4%/yr for July. Consumers are paying the price. With the explosive growth in the US money supply, I predict that inflation will reach 6%-9% by the end of the year. Inflation will be Biden’s Achilles’s heal. pic.twitter.com/46v9Xf3DRE — Steve Hanke (@steve_hanke) August 14, 2021 Fast Food This Year: 1. Chipotle raised … Read more
by Peter Schiff of Peter Schiff Podcast Gold reacts counterintuitively to inflation fears. Fed changes the definition of transitory inflation. Q2 Productivity numbers disappoint analysts. Biggest government expansion of the welfare state since the New Deal and Great Society. Elizabeth Warren wants to sick the IRS on the middle class. AMC tries to pump their stock as a … Read more
by confoundedinterest17 U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest since December 2011, data released Friday showed. … Read more
https://twitter.com/chrissaccoccia1/status/1426563779010117641
It looks like retirees will get a raise next year. The Senior Citizens League is a nonpartisan advocacy group for older Americans and has a history of accurately forecasting the annual cost-of-living adjustment. The group estimates the Social Security COLA for 2022 may be 6.2%. The boost would be much higher than the 1.3% change … Read more
SAN FRANCISCO (KRON) – A recent Zillow report is predicting several cities will become even less affordable for homeowners within a few short months. The report says Austin, Texas, will become the least affordable major U.S. city by December for home-buyers, if you take all California locations out of the equation. https://www.wrbl.com/news/lifestyle/this-city-is-quickly-becoming-the-least-affordable-place-to-own-a-home-outside-of-california/ h/t Sheriff of … Read more
The federal minimum wage has remained at $7.25 an hour for the past 12 years. Despite years of debate over a raise to $15 per hour, and a recent focus in Congress on increasing wages, even if that increase was implemented it is no longer enough to support the average American family. A new report … Read more
Grammy Award-winning singer Erykah Badu is begging the Obamas to forgive her after she posted videos to social media showing the world just how former President Barack Obama celebrated his 60th birthday last weekend among hundreds of maskless party guests. Obama’s party came just as the delta variant of the coronavirus was surging across the … Read more
There are concerns, however, the governor isn't focused enough on COVID mitigation. @CarlosGSmith saying today DeSantis needs to take more proactive measures. "Right now, our hospitals are in crisis," he says. pic.twitter.com/Isia6KTXrq — Forrest Saunders (@FBSaunders) August 12, 2021
REPORT: 👴 Biden just handed the Taliban a weapons GOLDMINE. pic.twitter.com/AY1CTRIPGa — New Granada (@NewGranada1979) August 14, 2021 See all the photos here… SOURCE
Intelligence sources say China is preparing to recognize the Taliban’s legitimacy Islamist militants now control two-thirds of Afghanistan after military blitz They are closing in on Kabul following the withdrawal of US troops China has close ties with Pakistan, which some say is aiding the Taliban Beijing seeks to expand trade and resource extraction in post-US … Read more
Photo by cottonbro From Birch Gold Group The U.S. Treasury publishes its balance sheet annually. The most recent, for fiscal year 2020, is so egregiously out of whack it might be hard to wrap your head around: Total Assets: $5.95 trillion Total Liabilities: $32.74 trillion Net Position (total assets minus total liabilities): -$26.80 trillion All figures above have … Read more
