The notion that people can openly talk about the assassination of a presidential candidate seems insane . . . but then I recall how here in the UK the same was said, and quoted in newspapers, about Jeremy Corbyn when he was leader of the Labour (sic) Party. We even had Mike Pompeo threatening much the same: it's much harder to achieve when the wrong guy has already been elected was the gist of what he said.
The BRICS in particular have been buying gold so as to lessen their dependence on the Dollar, so Armstrong is right. At the same time they have been getting out of Treasuries. I don't know that SWIFT is all that important anymore for the BRICS countries but having the collateral for loans and trades outside of the Dollar has become increasingly important. Gold will be that collateral.
Not, may you live in effing chaos, with a non functional legislative branch, a SCOTUS hanging on for dear life, a weaponized judicial system, out of control CIA, and a brainless POTUS being led around by a ring in his nose. Other than that...
Omnibus smells with so many Democratic priorities being funded, with less than a day for review.
And Johnson does not want to go on Tucker.
U.S. and European leadership has position that Russia can’t be allowed to win, but they have no option to prevent it. But, the reality of Russian Advances seems to be slowly impacting the official narrative. The Duran has been making a big thing about a politico article saying Ukraine is near collapse unless a miracle happens (a limited hangout).
Alexander Mercoulis of the Duran made the point the Russians have non Western Venues they can bring cases against the clearing house of the Eu confiscation, such as Hong Kong or Singapore.
And the Russian investigation continues on the Crocus terrorist act, which may (99% chance) turn up embarrassing Ukrainian/ Western connections.
The gold story is interesting. I don't ever recall a situation in any market like the one we are seeing in gold now. Gold is at new all time highs with a pretty steep run up just this year. Interest rates are still fairly elevated and conventional wisdom is that positive real interest rates should keep a lid on gold. But here we are. And the run up in gold is all but unmentioned in the mainstream media. CNBC loves to talk about Bitcoin. The public is getting 'invested' in Bitcoin and buying the ETFs. But the public (via ETFs) has been a big net seller of gold in the past 2 years. This run up is ALL driven by central banks. Typically, markets don't peak until the general public gets in. That is the time to sell. When the public isn't aware, it is time to buy. It seems impossible to think that buying gold at 2300 is a good buy but it just might be.
Central banks buy gold but they don't buy stocks of miners or silver. Gold is going up but silver hasn't moved much nore have the stocks of miners. The hacks at CNBC pushing the bitcoin story is NOT an endorsement of bitcoin (as opposed to gold or silver) to any rational person.
The mining stocks are tough because the costs of mining have risen even faster than (reported) inflation. When the hosts of CNBC talk incessently about BTC, they do drive public interest and that usually translates to the public spending their money on it.
Great chat but my biggest conundrum is not about where goest gold, bitcoin, miners etc. My biggest conundrum is where can we put our capital where it's safe from the World rulers? It seems to me that even physical gold can be taken from us and property too. Jim Rickards said a while back that he knew an asset that even the elite wouldn't touch. But this was bait to get people to sign up to some monthly subscription which the Internet told me was very hard to cancel so I never found that out.
Wouldn't surprise me if it's some financial instrument that common people don't normally buy. It has occurred to me that metals that aren't gold might be useful (silver, platinum, palladium, rhodium) but I really don't know. Asking such questions here is not terribly useful because people tend not to look at substack threads after a day or so, often not even that. We should perhaps find some investment related web forums and ask people there what investments are least likely to be confiscated. Anyhow, one of the best investments is planting fruit and veg on your property in case things get really horrible. :-)
If things get really bad, "they" can take everything from you including your life. All you can do about that possibility is try to vote for good, limited governance - and tell all your friends, family and neighbors to do the same. In the meantime, owning real things like property and gold is a good idea. Keep a good supply of emergency essentials just in case.
Seems to me that the US is at war both with the world and with itself. Maybe this is why Putin hasn't nuked it yet - he doesn't have to. Americans might just nuke themselves (metaphorically speaking).
When debt becomes unsustainable, the options are always hyperinflation or default. There is no need to use the inflated dollars to buy Bitcoin. They can just reestablish the USD as 1/1000 of the current USD (or whatever ratio works). It has been done many many times in other countries. The problem the US has is that it will lose reserve currency status. Global entities won't hold US Treasuries as collateral when the USD goes through redenomination. That will cause dramatic inflation for Americans and a plunge in standard of living as all those cargo ships that bring all the stuff to American shores won't be coming. Once that status is lost, it is gone forever.
G'day all, Can barely type (you-all win!) So short: Luongo is generally informed and perceptive. I do not get his angst w/MTG. She's a double agent? Best 2 all. (WrH)
Ps., do not argue w/table saws - "trust me" on this one.
Whatever her motives may be she makes good points. Maybe it is just me but I like to look at the validity of what is said prior to speculating on the motives of who said it.
Agree completely, D1. Not a knock, but even on this very reliable Substack site, one must remain objective as well as open minded. + do some of our own research, etc. never hurts. Blessings- I hope your Friday is a great one! (WrH)
Yes, the Deep State signalling is all over the place. With Johnson, he's trapped between Scylla and Charybdis. On the one hand, he has to do his owners' bidding and push for war with Russia and Gaza genocide; on the hand, he knows that large swathes of GOP voters are pissed off with what he and his donors are doing - especially after he said he'd like to invite Netanyahu to speak to Congress. Don't forget either that the whole "leadership" class right now consists of utter mediocrities who would struggle to cope in the best of times. And these are not the best of times. I think I'll spend tomorrow deepening the bunker in my back garden :)
Johnson also floated earlier, maybe a couple of weeks ago now, that he agreed with the idea of confiscating the Russian assets to “loan” the Ukie’s, and the Z-man the $60 billion. Maybe a forgivable loan like Hunter’s. That was part of the agreement he was supposed to set up for a rubber stamp show vote. When I heard that, I knew it was over. Other countries can play economic war as well. Play stupid games, win stupid prizes.
Check out the new post. That crazy ass idea may well have been part of the attempted gaslighting of the Russians to try to lure them into defeating themselves by agreeing to a frozen conflict.
You got a love POGO: "we have met the enemy and they is us!"
The notion that people can openly talk about the assassination of a presidential candidate seems insane . . . but then I recall how here in the UK the same was said, and quoted in newspapers, about Jeremy Corbyn when he was leader of the Labour (sic) Party. We even had Mike Pompeo threatening much the same: it's much harder to achieve when the wrong guy has already been elected was the gist of what he said.
what Pompeo said and where?
NYC 31/5/2018
https://www.counterfire.org/article/pompeo-threatens-corbyn-nothing-to-see-here-3/
The BRICS in particular have been buying gold so as to lessen their dependence on the Dollar, so Armstrong is right. At the same time they have been getting out of Treasuries. I don't know that SWIFT is all that important anymore for the BRICS countries but having the collateral for loans and trades outside of the Dollar has become increasingly important. Gold will be that collateral.
May you live in interesting time.
Not, may you live in effing chaos, with a non functional legislative branch, a SCOTUS hanging on for dear life, a weaponized judicial system, out of control CIA, and a brainless POTUS being led around by a ring in his nose. Other than that...
Omnibus smells with so many Democratic priorities being funded, with less than a day for review.
And Johnson does not want to go on Tucker.
U.S. and European leadership has position that Russia can’t be allowed to win, but they have no option to prevent it. But, the reality of Russian Advances seems to be slowly impacting the official narrative. The Duran has been making a big thing about a politico article saying Ukraine is near collapse unless a miracle happens (a limited hangout).
Alexander Mercoulis of the Duran made the point the Russians have non Western Venues they can bring cases against the clearing house of the Eu confiscation, such as Hong Kong or Singapore.
And the Russian investigation continues on the Crocus terrorist act, which may (99% chance) turn up embarrassing Ukrainian/ Western connections.
The gold story is interesting. I don't ever recall a situation in any market like the one we are seeing in gold now. Gold is at new all time highs with a pretty steep run up just this year. Interest rates are still fairly elevated and conventional wisdom is that positive real interest rates should keep a lid on gold. But here we are. And the run up in gold is all but unmentioned in the mainstream media. CNBC loves to talk about Bitcoin. The public is getting 'invested' in Bitcoin and buying the ETFs. But the public (via ETFs) has been a big net seller of gold in the past 2 years. This run up is ALL driven by central banks. Typically, markets don't peak until the general public gets in. That is the time to sell. When the public isn't aware, it is time to buy. It seems impossible to think that buying gold at 2300 is a good buy but it just might be.
Central banks buy gold but they don't buy stocks of miners or silver. Gold is going up but silver hasn't moved much nore have the stocks of miners. The hacks at CNBC pushing the bitcoin story is NOT an endorsement of bitcoin (as opposed to gold or silver) to any rational person.
The mining stocks are tough because the costs of mining have risen even faster than (reported) inflation. When the hosts of CNBC talk incessently about BTC, they do drive public interest and that usually translates to the public spending their money on it.
Great chat but my biggest conundrum is not about where goest gold, bitcoin, miners etc. My biggest conundrum is where can we put our capital where it's safe from the World rulers? It seems to me that even physical gold can be taken from us and property too. Jim Rickards said a while back that he knew an asset that even the elite wouldn't touch. But this was bait to get people to sign up to some monthly subscription which the Internet told me was very hard to cancel so I never found that out.
does anyone know which asset the Rickards mean ?
Wouldn't surprise me if it's some financial instrument that common people don't normally buy. It has occurred to me that metals that aren't gold might be useful (silver, platinum, palladium, rhodium) but I really don't know. Asking such questions here is not terribly useful because people tend not to look at substack threads after a day or so, often not even that. We should perhaps find some investment related web forums and ask people there what investments are least likely to be confiscated. Anyhow, one of the best investments is planting fruit and veg on your property in case things get really horrible. :-)
If things get really bad, "they" can take everything from you including your life. All you can do about that possibility is try to vote for good, limited governance - and tell all your friends, family and neighbors to do the same. In the meantime, owning real things like property and gold is a good idea. Keep a good supply of emergency essentials just in case.
Seems to me that the US is at war both with the world and with itself. Maybe this is why Putin hasn't nuked it yet - he doesn't have to. Americans might just nuke themselves (metaphorically speaking).
Whatever happens, do you see Biden still as the commander in chief position ? and there is no time for a new candidate.
Also there is no believable mobile, no acceptable "framing" for a fantasy assassination on Trump which would lethally backfire.
But continued support for the war machine is required. Other options seem to be hyperinflation or default : https://twitter.com/luke_broyles/status/1775557112376316205
When debt becomes unsustainable, the options are always hyperinflation or default. There is no need to use the inflated dollars to buy Bitcoin. They can just reestablish the USD as 1/1000 of the current USD (or whatever ratio works). It has been done many many times in other countries. The problem the US has is that it will lose reserve currency status. Global entities won't hold US Treasuries as collateral when the USD goes through redenomination. That will cause dramatic inflation for Americans and a plunge in standard of living as all those cargo ships that bring all the stuff to American shores won't be coming. Once that status is lost, it is gone forever.
G'day all, Can barely type (you-all win!) So short: Luongo is generally informed and perceptive. I do not get his angst w/MTG. She's a double agent? Best 2 all. (WrH)
Ps., do not argue w/table saws - "trust me" on this one.
Whatever her motives may be she makes good points. Maybe it is just me but I like to look at the validity of what is said prior to speculating on the motives of who said it.
Agree completely, D1. Not a knock, but even on this very reliable Substack site, one must remain objective as well as open minded. + do some of our own research, etc. never hurts. Blessings- I hope your Friday is a great one! (WrH)
Yes, the Deep State signalling is all over the place. With Johnson, he's trapped between Scylla and Charybdis. On the one hand, he has to do his owners' bidding and push for war with Russia and Gaza genocide; on the hand, he knows that large swathes of GOP voters are pissed off with what he and his donors are doing - especially after he said he'd like to invite Netanyahu to speak to Congress. Don't forget either that the whole "leadership" class right now consists of utter mediocrities who would struggle to cope in the best of times. And these are not the best of times. I think I'll spend tomorrow deepening the bunker in my back garden :)
Johnson also floated earlier, maybe a couple of weeks ago now, that he agreed with the idea of confiscating the Russian assets to “loan” the Ukie’s, and the Z-man the $60 billion. Maybe a forgivable loan like Hunter’s. That was part of the agreement he was supposed to set up for a rubber stamp show vote. When I heard that, I knew it was over. Other countries can play economic war as well. Play stupid games, win stupid prizes.
Check out the new post. That crazy ass idea may well have been part of the attempted gaslighting of the Russians to try to lure them into defeating themselves by agreeing to a frozen conflict.