AUGUST 23/CHINA INITIATES TARIFFS//TRUMP THROWS A TANTRUM//THE KING OF KLOWNS ON K STREET CONTINUES TO FUDDLE AROUND AND THUS WE HAVE: GOLD UP $28.50 TO $1527.30//SILVER IS UP 37 CENTS TO $17.43//TODAY’S EVENTS WERE BASICALLY CHINA VS THE USA//HUGE SWAMP STORIES FOR YOU TONIGHT AS WELL/
While it was unclear if Carney was focusing on Libra as the new reserve currency, or simply was hoping to find something against which the dollar could be devalued, the proposal was clearly shocking as it suggests that the central bank quiet acceptance of cryptocurrencies (especially in Japan) has been what many have speculated all along: a "currency" against which fiat money can be devalued in hopes of sparking fiat hyperinflation that inflates away record amounts of fiat debt. "In the longer term, we need to change the game. When change comes, it shouldn’t be to swap one currency hegemon for another."...
(This is no surprise for those who have followed our news items for some time. There was a hard asset conference in New York May 12-13, 2008 with two featured speakers. Benn Steil, Director, Interntional Economics CFR. He talked about the Coming of Global Gold Digital Currency. The other featured speaker was Larry Kudlow, who recently joined the Trump administraion as a economic advisor. These people always tell us in advance what is coming. Depositories have been set up. The first one in the US, I seem to remember, was in Texas. These places store you precious metals and issue you a debit card which lets you to make purchases against your holdings - at the metal price which is fixed each day.
The shocking idea of 50 year and 100 year bonds has already started overseas, and is being bandied about in the US. Yields are negative already in many places, and it costs everyone to have a bank account these days. Young people don't realize that the store-keeper or merchant incurs bank charges every time either a debit or credit card is used. You can see how the new proposals will be embraced by the public. Also, ignored by most - all these charges - either debit or credit - are a record of your habits. It is easy to set up a profile on each and every person with this system. It sure will help with the psychological profiles that are coming with new gun ownership proposals and other laws which are looming.)
The nationwide hysteria following mass shootings that occurred earlier this month in El Paso, TX and Dayton, OH is spiking, as dozens of people have been apprehended and charged after making supposed threats on social media and other digital forums in recent weeks.
Say No to the “Cashless Future” — and to Cashless Stores
I went to a counter-serve restaurant recently, and when the time came to pay for my order, took out my wallet, presented a $20 bill, and was told, “Sorry, we don’t accept cash.” I was flabbergasted. What happened to “legal tender for all debts public and private,” as it says right there on the bill? This has now happened to me at three separate establishments in recent months. The rise of cashless establishments is happening amid continuing hype over the supposed dawn of a “cashless future” and agitation by some very powerful interests that would love to see cash disappear. The credit card companies love it, naturally, and tech industry associations have also pushed for the concept.
Meanwhile, a backlash has prompted several cities and states including San Francisco, Philadelphia, and New Jersey to ban cashless stores (they’ve also been banned in Massachusetts since 1978). One salad chain, Sweetgreen, reversed its decision to go cashless amid criticism, and Amazon, which had reportedly been opposing legislative bans, has since announced that it will accept cash at its automated, cashier-less convenience stores. (As for the “legal tender” statement, that does not actually mandate the acceptance of cash for payment.) It is great to see this pushback against the supposed cashless future because this is a trend that should very much be nipped in the bud. There are several reasons why cashless stores, and a cashless society more broadly, are a bad idea. Such stores are: ... https://www.activistpost.com/2019/08/say-no-to-the-cashless-future-and-to-cashless-stores.html
Post Market: A Wrecking Ball Is Coming.. It May Be Sooner Than You Think. By Gregory Mannarino
Greg makes some serious suggestions about Mr. Trump. What do you think?
Illegals Fail To Scale New Border Wall
Leave it to Zendrive to create a safe driving app that can turn your smartphone into an insurance surveillance device. Zendrive encourages people and companies to download their safe driving app which uses a person's smartphone to detect unsafe driving habits.
LOS ANGELES — U.S. officials have intercepted and seized almost 53,000 illegal Chinese gun parts in three separate shipments at the port of Los Angeles/Long Beach.
I’ve been seeing the bales of plastic piling up at my local dump and I thought, “Why not make building materials out of all this stuff?” It turns out that there are some small moves being made in that direction.
On Thursday, Patrick Byrne went on live television to dismantle the FBI, saying he took orders from Peter Strzok during the 2016 presidential election to spy on Donald Trump, Ted Cruz, Marco Rubio and even Hillary Clinton... https://truepundit.com/shock-video-overstock-ceo-resigns-then-drops-bomb-on-live-tv-tech-boss-said-he-spied-for-fbi-on-trump-ted-cruz-marco-rubio/