• Daily Digest
    Janet Yellen

    Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event

    by Daily Digest

    Monday, January 18, 2021, 5:37 PM

Economy

UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero

Strategists at one of the world’s largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.

Between regulatory threats and central bank-issued competitors, there’s nothing stopping a wipeout in big-name digital currencies eventually, according to UBS Global Wealth Management.

After judge orders hospital to use experimental Covid-19 treatment, woman recovers

A judge ordered Millard Fillmore Suburban Hospital last week to give a Covid-19 patient an experimental treatment, and her family and attorneys say they believe that saved 80-year-old Judith Smentkiewicz’s life.

The drug Ivermectin – a pill sometimes used to treat children with head lice or to rid dogs and cats of worms – is not yet approved by the federal government for use against Covid-19. But Smentkiewicz’s son and daughter call it “a miracle drug” in their court papers.

Facebook Censors Mexican Cardinal for Denouncing ‘New World Order’

Facebook has censored a video of Cardinal Juan Sandoval Íñiguez, archbishop emeritus of Guadalajara, for suggesting that globalist leaders are exploiting the coronavirus pandemic to bring about a new world order.

In place of the cardinal’s weekly video, Facebook exhibited a greyed-out screenshot emblazoned with the banner “False information.” Underneath, Facebook added, “This publication repeats information about COVID-19 that independent fact checkers deemed false.”

The Ireland Event

For the past year, I’ve been consumed with how Covid numbers are used/manipulated to create political narratives. From China to WHO to don’t-test-don’t-tell to Covid Trutherism in all its forms … that’s been the windmill I’ve tilted at for almost 12 months now.

Last week I became consumed by a new twist on all this – Covid numbers that were being largely ignored. Insane infection numbers coming out of UK and Ireland, apparently driven by a new virus strain, that we acknowledged over here but didn’t seem to be too mussed about.

Americans Are Being Divided As The War On Domestic Terror Expands

Americans appear too divided and distracted to recognize that the architects of the Patriot Act and the failed War on Terror now have their sights set on the American homeland.

The first week of 2021 kicked off with chaos at the Capitol in Washington D.C. Was it a protest, a riot or an insurrection? Were there provocateurs, and if so, were they Antifa, the cops, and/or the Feds? As usual, everyone on the internet thinks they know the answer within ten minutes. Unfortunately, this genuinely leads to the spreading of unfounded theories – many based on nothing but speculation and emotion. But while the public is debating over theories and arguing amongst themselves, the newly emboldened Military Industrial Complex is eagerly anticipating the incoming Biden Administration as an opportunity to expand the War on Domestic Terror.

Poland Set To Make Censoring Social Media Accounts Illegal​​​​​​​

On Jan. 6, pro-Trump extremists stormed the US Capitol complex and disrupted Congress’s joint session to confirm President-elect Joe Biden’s electoral victory. Days later, social media companies went on a free speech crusade against President Trump, banning or limiting the president from various platforms, including Twitter, Facebook, and Snapchat.

It appears some Polish government officials have denounced big tech’s censorship of Trump. They are preparing to draft a law that will make it illegal for tech firms to ban accounts, according to The Guardian.

Top US banks’ tax bill could surge $11B under Biden administration

Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.

A new analysis published by Bloomberg found that the nation’s six biggest banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — could owe as much as $11 billion more in taxes if Biden increases the corporate rate from 21% to 28%.

Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package

Treasury Secretary nominee Janet Yellen on Tuesday steps into a new role following more than a quarter-century in government: salesperson for economic policy after years of defending Federal Reserve thinking and actions.

The Senate Finance Committee’s 10 a.m. hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes, but it will also serve as the first congressional forum where lawmakers will vet President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan. Yellen will tell them that low borrowing costs mean it’s time to “act big,” according to her prepared remarks.

Gold & Silver

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Provided daily by the Peak Prosperity Gold & Silver Group

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11 Comments

  • Tue, Jan 19, 2021 - 3:43am

    #1
    Hladini

    Hladini

    Status: Bronze Member

    Joined: Dec 28 2011

    Posts: 272

    9

    Jim Rickards

    Does anyone else have a problem with Jim Rickards?  I have a confession to make.  When Chris interviewed Jim way back when I began my first paid membership, I had so much distrust for Mr. Rickards that I cancelled my PP membership.  It took four or five years for me to come back.

    I've read a couple of his books and in the last one I picked up, Mr. Rickards shamed anyone who dared to question the official 911 story as an assault on the memories of those who perished.  Now I know Jim is a smart guy.  The physics of 911 is high school level.  Mr. Rickards was also one of those anointed, I mean appointed, to investigate the money trail, and even though there were massive, anomaly sized shorts in the airline sector, Mr. Rickards came to the conclusion there was nothing to see here, we can move on.

    This morning I'm listening to Dunagun interview Mr. Rickards and he whole heartedly denies there is any inflation what so ever, completely ignoring the inflation in assets.  In my opinion, he is more and more exposing himself as a Fed mouth piece/soap box, and he has mastered the art of repetition.  I may be imagining things, but I have seen folks like Hemke and Holter delicately dance around commenting on Jim Rickards.   I listen to Rickards, but I don't trust him, and sometimes I just have to turn him off.

    Top Ten Videos – January 17

     

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  • Tue, Jan 19, 2021 - 4:51am

    Oliveoilguy

    Status: Gold Member

    Joined: Jun 29 2012

    Posts: 983

    4

    Rickards

    He has always been someone I’ve listened to for ideas, background information, and macro thinking..His background in Financial terrorism is unique.  I don’t agree with his conclusions all the time, but I do believe he is one of the smartest guys out there. My interest is macro-economics and real money.

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  • Tue, Jan 19, 2021 - 5:18am

    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1405

    3

    OOG

    The best Macro info I have found is on Real Vision

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  • Tue, Jan 19, 2021 - 9:13am

    #4
    wotthecurtains

    wotthecurtains

    Status: Silver Member

    Joined: Feb 27 2020

    Posts: 324

    4

    Rickards is an interesting case

    I completely agree that you can see that he is working for someone at times.  Even when I agree with his assessment (of China for example), it just sounds so much like he is part of the intelligence apparatus.

     

    Still I have learned a lot about how the world works from that guy.  There is just such a rich background of information and argument (esp in his books) that its hard to dismiss him out of hand.

     

    I also think he is a bit like the jock of the goldbug world and this may make the other newsletter writers a bit uneasy.   Their lot has been to make arguments for owning gold that only got the "Hey look it's one of those nutters" response from the mainstream.

    Then Rickards makes a lot of the same arguments and suddenly cable news finds it credible.  I'd feel a bit jealous too.

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  • Tue, Jan 19, 2021 - 10:28am

    #5

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 333

    2

    Push Button Order or Human Act, choose

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  • Tue, Jan 19, 2021 - 12:42pm

    #6

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2326

    4

    The “Build Back Better” conspiracy theory (fronting for The Great Reset)

    https://twitter.com/CharlieEmma85/status/1351507371386949639?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1351507371386949639%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.theburningplatform.com%2F

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  • Tue, Jan 19, 2021 - 1:28pm

    Mike from Jersey

    Mike from Jersey

    Status: Member

    Joined: Jan 22 2018

    Posts: 239

    4

    Jim Rickards

    As others have noted, Jim Rickards is a bright guy and I have learned a lot from him about economics and economic history.

    But his ties to the intelligence community makes me seriously doubt some of his political comments.

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  • Tue, Jan 19, 2021 - 4:50pm

    #8

    blackeagle

    Status: Bronze Member

    Joined: May 16 2013

    Posts: 254

    1

    Excellent image

    https://twitter.com/JamesMelville/status/1351524737239937026?s=20

     

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  • Tue, Jan 19, 2021 - 6:25pm

    spiker

    spiker

    Status: Member

    Joined: Aug 04 2012

    Posts: 11

    2

    My take on Jim Rickards

    Page 6 of his latest book Aftermath goes into the assets bubble/ asset inflation aspect. Thats in the intro, so he does not dismiss it IMO.

    Think we are all coming at it correctly. Bright guy, good points, plugs himself quite a bit. Think he overplays that 'CIA insider' and special info guise so he can sell newsletters. His book are worth it, his articles and postings are worth it.  But he has his agenda and interests. I never liked he was part of LTCM. But I find kernels of truth in what he writes.  Like most, apply grains of salt to taste.

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  • Tue, Jan 19, 2021 - 7:26pm

    #10
    XZBD2

    XZBD2

    Status: Member

    Joined: Apr 15 2020

    Posts: 6

    2

    Jim Rickards

    #1. H.
    Interesting as Rickards promotes software that he says can predict an attack based on exactly the anomalies that showed up before 911 (https://courseupload.com/agora-financial-jim-rickards-intelligence-triggers/)

    #3 MM
    I thought Steven Van Meter's talk about CPI on Real Vision was quite informative.

    Obviously inflation (devaluation of the dollar) is happening, but I don't think it is so easy to predict its effect on prices as there are so many variables. A big one in the US is the increased parasitism by monopolies (Financial incl Banking, Healthcare, Insurance, Education, etc) unless you're like Wally World and can outsource those cost they are going to get passed on to the consumer.  On the other side you have deflation as a result of our aging population and technological advances plus the empires ability to extort other nations, best exemplified in confessions of an economic hit man, thus for some things the ability to import resources at below cost and products made by financial slaves.  Also there are all the political strategies to gain an advantage either short term or long term (ie China) and there is the unpredictability of nature as well as technological advances.  Finally there is the Eurodollar system where most of the dollar denominated assets which are used as money are created, much larger than what the Fed or US treasury has been doing (see Eurodollar University).

    I find Rickard's information useful and certainly he has a bias which impacts how he presents his information, just as I would say Adam is biased towards something along the Paleo diet, though I'm pretty sure Adam is not conspiring against vegetarians or vegans.  I don't know enough to say anything conclusive about Rickards except he is certainly trying to sell his new book.

    If you have lots of time and want to go down the conspiracy rabbit hole, I suggest you take a look at the work of Richard Grove, though expect to spend the whole rest of the year just reading all the supporting data for all the conspiracies.  A good place to start might be this recent two part conversation:

    Part 1:   https://www.youtube.com/watch?__s=5dpfdrsphg6jk9b9cqgh&v=EIXlp5fZ-kM&feature=youtu.be

    Part 2:   https://www.youtube.com/watch?__s=5dpfdrsphg6jk9b9cqgh&v=QJBftFHfLuM&feature=youtu.be

    Maybe you can find Rickards in this map showing how the powerful are connected throughout history and the world:
    See T&H brain found here: https://tragedyandhope.com

    A lesson from mt biking, spend your time focused on where you want to go, for if you spend all your time focused on the obstacles you are sure to hit them.

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  • Wed, Jan 20, 2021 - 12:43am

    Hladini

    Hladini

    Status: Bronze Member

    Joined: Dec 28 2011

    Posts: 272

    0

    thanks for the tips

    xz, I think I'll take a rain check on Grove for now and focus more on my 2021 goal list!

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