COMEX Default Is Coming Soon: Bill Holter (pinecarr)
If criminal bankers would not have conspired to suppress gold for the last several years, what would the price be today? Holter says, “You couldn’t have $5,000 or $10,000 gold and 0% interest rates. I think there would have been a panic into metals (gold and silver) by now because the price suppression has been used to hit people’s emotions. It’s been used to hurt their psyche. I think if they had not dumped all this paper to suppress the price, the pot would have already boiled, and there would have been a run on the banks and a run into the metals.”
“People visibly see a plant moving and jobs lost and the narrative develops that this is weakening rather than strengthening the position of ordinary people and ordinary workers,” he said. “The benefits often times are diffused.”
About 200 protesters gathered in Hanover on Sunday to protest against the deal, with organisers saying they had expected considerably more people to turn out.
Many Germans fear the deal will lower standards for products, consumer protection and the labor market. Fifty-six percent of the Germans see free trade as a positive development, compared to 88 percent two years ago.
“Support for trade agreements is fading in a country that views itself as the global export champion,” Aart de Geus, Bertelsmann’s CEO, said.
The Death of Encryption (Tiffany D.)
Senators Richard Burr (R) of North Carolina and Dianne Feinstein (D) of California are the two senior members of the Senate Select Committee on Intelligence. Recently, they jointly introduced a bill instructing any technology company operating in the U.S. to make encrypted data “intelligible” when presented with a court order. Such decrypted data must be handed over on demand to “the government of the United States and the government of the District of Columbia, or any commonwealth or possession of the United States, of an Indian tribe, or of any state or political subdivision thereof.”
7 Must-See Commodities Charts (Taki T.)
Gold, being one of the leading commodities, has shown great strength in 2016. Uncoincidentally, gold has bounced right at secular support in January of this year. This is another proof that secular trend lines are extemely powerful. Note how this trend line was the last of three secular trend lines. As gold will retrace in the near future, it is imperative that the trend line is not broken to the downside, which would be the ultimate confirmation that the secular bull market is intact.
It is not as if public perceptions of the politicians could sink much lower in a country where virtually every party has been caught up in corruption scandals in recent years. But the nearly complete undermining of the public’s faith in its political institutions may be about the only thing achieved since the start of the year.
Almost eight decades after oil was first found in the country, officials on Monday are to unveil Deputy Crown Prince Mohammed bin Salman’s “Saudi Vision 2030,” a blueprint seeking to reduce the current reliance on revenue from crude exports. King Salman has approved the package of developmental, economic, social and other programs. Prince Mohammed, known as MbS among diplomats and Saudi watchers, disclosed details of the plan in interviews with Bloomberg in Riyadh.
Last night, after over 60 hours in the air and months of work on the ground, Solar Impulse completed its crossing of the Pacific. The landing at Moffett Field completed the most challenging part of its round-the-world journey, one interrupted by a long layover in Hawaii that allowed the team to sort out issues with the craft’s batteries.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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