Investing in precious metals 101

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    From: Ronni Stoeferle: In Gold We Trust
  • Wed, Jun 19, 2019 - 11:55am

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    Eric

    Eric

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    No Rate Cuts for 2019

    The fed today announced that there will be no rate cuts for the rest of 2019.  Do you guys still predict a rate cut in July? Or do you think they’re going to ride it out a bit longer and have that rate cut on the ready incase the market begins to wobble a little bit ?

    I can’t see the market being stable throughout this whole year. But of course the Fed is not going to say anything negative if they really don’t have to, and probably the Fed meeting this month was just to maintain the status quo. If you guys still think they’re going to cut rates next month, what kind of catalyst that would be seen by the public would cause the Fed to do this?

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  • From: Waiting For The Black Swan
  • Wed, Jun 19, 2019 - 10:35am

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    sand_puppy

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    Joined: Apr 13 2011

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    Global Power--Iran War, Left-Right Conflict, Concentration of Firearms

    Several author’s come from the perspective that a global elite (the globalists) are about to crash the global economy as a part of their efforts to re-engineer the global geopolitical structure through chaos, with them in charge, of course.

    One is Brandon Smith writing here.

    Iran War Looming

    War with Iran at this time makes no sense whatsoever unless you look at it from a globalist perspective…. the only group that stands to gain from such catastrophe, as war with Iran would seal the fate of the US economy. The most immediate threat would be the potential shutdown of the Strait of Hormuz by Iran, …. [with an] explosion in oil prices would be devastating to the global economy….

    In the longer term complete destabilization of the Middle East would result, …. [An Iran war] coupled with the trade war would fulfill the globalist narrative that the Trump Administration and the conservatives that support him are a “menace” to global stability. …

    Currently, the mainstream media is very quiet on the Iran situation despite the sudden shift of US military resources to the region, which leads me to believe that a conflict is being planned in the near term.

    —–

    As edwardelinski reported above, the Jerusalem post advises that the US is planning on a massive, but focused, bombing of Iranian nuclear facilities.

    The Israeli military intelligence public website debka.com reports that IRAN is Planning on attacking a major Saudi Oil site.

    DEBKAfile Exclusive (June 18, 2019): US intelligence learns from a highly credible source that Iran’s Revolutionary Guards have completed preparations for a large-scale assault on an important Saudi oil facility within days. On Monday, June 17, the aides of senior US congress members were summoned to the White House for a briefing on this intelligence and informed that this time the administration is gearing up for a military response.

    Additional troops, destroyers, submarines and patriot missiles have been moved to the gulf to “counter the Iranian threat.”

    How does DEBKA know of these dastardly Iranian intentions?  Anonymous sources.

    What Saudi facility will be attacked?  Don’t know.

    The key element here is to make the masses believe that Iran is the evil aggressor and trying to start a war.  Our actions are defensive.

    ———-

    Pepe Excobar reports on the developing Eurasian cooperation networks between Russia, China, India and including places at the table for the  “-stans,” Pakistan and Iran.  I don’t follow this closely, but, China and Russia will most certainly have strong feelings about an attack on Iran.  To what degree will they be involved?

    ———–

    Left-Right Conflict

    Brandon Smith also writes about another facet of this same process where the global elites consolidate their power through the nurturing of Left-Right conflict.

    There is a common misconception among newer activists in the liberty movement that the idea of the “false left/right paradigm” means that there is no political spectrum; that the entire notion of left vs right is a fabrication. This is not exactly the case. When we talk about false paradigms in regards to politics (or geopolitics), what we are actually referring to is the elitist class, otherwise known as globalists, and the fact that they have no left or right political orientationThey do not care about Democrats or Republicans, they have no loyalty to either party. Their loyalty is to their own agenda [which is the centralization of power in their own hands], and they will exploit BOTH sides to get what they want whenever possible.

    The end goal of the globalist cabal is to eventually reach a point where EVERYONE in the world is a supporter of totalitarian centralization.

    _____

    Removal of Firearms from the Common Citizens

    Another pre-requisite of centralized control by the elite is to eliminate citizen firearms.  You cannot impose a (RED Meme) vicious totalitarian rule on an armed population.  They have enough power to fight back and will not submit.

    Daisy Luther at TheOrganicPrepper.com writes on this aspect this week.

    The “Mass Shootings Map” Propaganda

    If you use any form of social media whatsoever, you’ve probably seen the scary “mass shootings map” published by PBS, leading people to believe that they live in a terrifying place and that the only answer is  strict gun control [letting representatives of the state be the only people allowed weapons.]

    These terrifying dots are not all brazen shoot-outs in malls or movie theaters, during which someone takes out as many people as they can. But that’s how it’s portrayed. It’s posted without any real criteria except for the fact that it is incidents in which 4 or more people are shot, including the initial perpetrator.

    There are many vital stats missing. Here are just a few of the questions you should ask yourself when you look at that ridiculous mass shooting map.

    • Are any of these homeowners protecting their family from a home invasion? We don’t know – we just know that 4 people were shot.
    • Are any of these incidents of gang violence? We don’t know – we just know that 4 people were shot. Also, I’m pretty sure gang-members don’t register their firearms or get permits to carry them
    • Are any of these shooters victims of the mental health industry, taking SSRI anti-depressants?  Actually we do know that quite a few of them were. Despite the fact that SSRIs don’t work on everyone who takes them, and on some they actually cause the person taking them to become violent and act on their thoughts, I don’t see anyone calling for a ban on SSRIs.
    • Are these all legally obtained guns? We don’t know – we just know that 4 people were shot. This most recent incident happened in California, home of some of the most stringent gun laws in the country. (It was nearly an 8-month process to get my own concealed carry permit here, and many were the hoops I had to jump through.)
    • How many of these happened in gun-free zones? [SP addition]

    This is a scare tactic, meant to frighten those who won’t think more deeply about the issue. It’s for people who read the headlines, but not the articles.

    The map was published by PBS, who is sponsored in part by Pew Charitable Trust. While the map makes it look like gun violence is on the uptick, Pew reported in a recent article that it actually dropped in half a decade ago, and has remained steady since.

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  • From: Damion Lupo: The Qualified Retirement Plan (QRP)
  • Wed, Jun 19, 2019 - 9:04am

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    anastasio

    anastasio

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    Setting up an LLC in Virginia

    Setting up an LLC in VA will cost you $100 if you do it yourself, and an annual “registration fee” of $50.

    Here is the link to the VA State Corporation Commission’s forms and more info:

    https://www.scc.virginia.gov/clk/dom_llc.aspx

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  • From: Daily Digest 6/19 – Italy’s Public Debt Hits New High, When Debt Becomes A Life Sentence
  • Wed, Jun 19, 2019 - 7:41am

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    Doug

    Doug

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    follow ups

    Although quite different in subject matter, these recent stories have been discussed here before.  I wonder whether there are any follow up thoughts the regulars here might have.

    https://www.rferl.org/a/jit-name-suspects-charges-mh17-ukraine-malaysia-russia-shootdown/30007817.html

    https://www.apnews.com/c595b9e6ccb84b969d59c5b270f58cce

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  • From: Daily Digest 6/19 – Italy’s Public Debt Hits New High, When Debt Becomes A Life Sentence
  • Wed, Jun 19, 2019 - 7:07am

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    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2934

    The Currency Wars Are Starting to Flare Up Again

    The Currency Wars Are Starting to Flare Up Again

    Bloomberg16 hours ago
    “Fifty years I’ve been in this business, and never in 50 years did I think $12 trillion would be negative interest rates,” David Kotok, chairman of Cumberland …

    Value of debt with negative yields nears $12 trillion

    MarketWatch18 hours ago
    The total amount of debt with yields below zero stands at around $11.8 trillion as of June 17, according to Bloomberg data This amount however doesn’t take …

    China sells dollars and buys gold as tensions rise

    Nikkei Asian Review21 hours ago
    SHANGHAI — China reduced its holdings of U.S. government debt again in April … to $1.11 trillion, down $90 billion from the most recent peak in August 2017.

    ‘Deaths of despair’ soaring among Gen Z & millennials: ‘It’s the …

    RT9 hours ago
    The national debt has ballooned, driven by two decades of an unwinnable war whose cost is poised to top $6 trillion, and the Pentagon’s budget has swollen to …

    Huge Wall of Maturing Debt Looms for India’s Shadow Lenders

    Bloomberg17 hours ago
    Facing a record amount of debt that’s about to mature, India’s non-bank … year, have a record 1.1 trillion rupees ($15.8 billion) of local-currency bonds due next …

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  • From: Damion Lupo: The Qualified Retirement Plan (QRP)
  • Wed, Jun 19, 2019 - 6:17am

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    sand_puppy

    Status Platinum Member (Online)

    Joined: Apr 13 2011

    Posts: 1839

    Cost of QRP?

    I just ordered the book.  Can anyone give me a ballpark cost of setting up this EQRP account and LLC?

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  • From: Damion Lupo: The Qualified Retirement Plan (QRP)
  • Tue, Jun 18, 2019 - 10:24pm

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    fated

    fated

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    small = simple savings

    And  I grow mint, thyme, rosemary, sage, oregano, lemongrass, chives, chamomile, tarragon, parsley, etc. and pick for relatively free, while someone i know pays $3- for a wilting bunch from the supermarket when they need it, or they go without. My health and my pocket are better off. Many of these herbs are perennial and cuttings can be shared for free with others, and the seed saved from the annuals to plant again. Bonus – I get to control the (lack of ) chemicals that are sprayed onto them, and there is no plastic packaging. My three serves of herbs that go into a soup would cost this other person $9-. Ouch. We most of us have an area of financial weakness, but we also can control what we spend or source for free.  In Australia where most people are quite well off by world standards, ‘I can’t save’ really means, I can’t be bothered to prioritise saving and changing my habits so that  I can retain wealth and build a stable financial base.

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  • From: Advanced Strategies For Real Estate Investing
  • Tue, Jun 18, 2019 - 8:05pm

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    EMRGE

    EMRGE

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    Real estate investing

    Hi everyone

    A question when buying assets like investment property. Based on a series of asset bubbles (housing included) waiting to burst, how are we able to protect from an erosion in property prices if i invest in residential property?

    I would appreciate the group’s thoughts, Thanks

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  • From: Damion Lupo: The Qualified Retirement Plan (QRP)
  • Tue, Jun 18, 2019 - 6:02pm

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    Chris Martenson

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    QRP Answers

    I’d love more discussion, especially from anyone else who’s set up a similar structure and can help to weigh the various options.  Did you look at any other providers or structures?

    Yes, I did.  I liked the QRP over a standard self-directed because of the extra layer of protection offered by the LLC.  In the US anybody can sue anybody for anything at any time.  Merits be damned.  I’ve also learned that once anything goes to trial in front of a jury, anything’s possible.

    So having various structured layers of legal protections is, unfortunately, a part of life in the US.

    Can one use a QRP to invest directly in Treasuries?

    Yes, you can.  The LLC will have a managing member (you) that will be responsible for directing the investments.  That LLC will have a bank account and a checkbook, same as any other legal entity.  That bank account can be linked to Treasury Direct.  I have not taken that last step yet, but I plan to.

    I don’t fancy the tax benefits of that move, Treasury interest is already partially tax advantaged, I just would prefer any loose cash to be earning more than slightly above 0% in a bank account.

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  • From: Damion Lupo: The Qualified Retirement Plan (QRP)
  • Tue, Jun 18, 2019 - 2:58pm

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    Dr.Bill

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    QRP

    Can one use a QRP to invest directly in Treasuries

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