Silver as an investment

TFMR: Rolling Along

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

via TF Metals Report

By TF

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Comex Digital Gold continued higher last evening but was once again stalled and reversed during the London Monkey session. Back on Friday, price quickly recovered the same type of losses. Can it do so again today?

But at some point, this has to slow down. Though the chart below makes CDG’s advance appear orderly….and for the most part, it has been…technical indicators suggest… (more…)

SHTFplan: The Omnipresent Surveillance State: Orwell’s Future Is Our Present Reality

Prepare yourself. Buy physical silver and storable food.

Read John W. Whitehead’s entire commentary here, on The Rutherford Institute

The Orwellian dystopia of thought control and an omnipresent surveillance state has become our reality.  George Orwell’s book 1984, although meant as fiction, has turned out to be an incredible prediction of our future.

The “land of the free” hasn’t been free since shortly after the American Revolution and it’s getting more authoritarian by the day. It’s been 70 years since Orwell (dying, beset by fever and bloody coughing fits, and driven to warn against the rise of a society in which rampant abuse of power and mass manipulation are the norm) depicted the ominous rise of ubiquitous technology, fascism, and totalitarianism in 1984.

“You had to live—did live, from habit that became instinct—in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.”—George Orwell, 1984 

Much like Orwell’s Big Brother in 1984, the government and its corporate spies now watch our every move. Much like Huxley’s A Brave New World, we are churning out a society of watchers who “have their liberties taken away from them, but … rather enjoy it, because they [are] distracted from any desire to rebel by propaganda or brainwashing.” Much like Atwood’s The Handmaid’s Tale, the populace is now taught to “know their place and their duties, to understand that they have no real rights but will be protected up to a point if they conform, and to think so poorly of themselves that they will accept their assigned fate and not rebel or run away.”John W. Whitehead, The Rutherford Institute

This world is truly dystopian, and that doesn’t just go for the United States.  The masters are brainwashing the slaves and the slaves aren’t doing anything about it.  In fact, most want more masters and to be further enslaved.  We are witnessing a wholly disturbing state of humanity right now.

Much like Philip K. Dick’s darkly prophetic vision of a dystopian police state (which became the basis for Steven Spielberg’s futuristic thriller Minority Report) we are now trapped in a world in which the government is all-seeing, all-knowing, and all-powerful, and if you dare to step out of line, dark-clad police SWAT teams and pre-crime units will crack a few skulls to bring the populace under control. Violence and government dominance rule over the masses and they are completely accepting and willing participants in their own enslavement.

What many fail to realize is that the government is not operating alone. It cannot. The government requires an accomplice. Thus, the increasingly complex security needs of the massive federal government, especially in the areas of defense, surveillance and data management, have been met within the corporate sector, which has shown itself to be a powerful ally that both depends on and feeds the growth of governmental overreach.

In fact, Big Tech wedded to Big Government has become Big Brother, and we are now ruled by the Corporate Elite whose tentacles have spread worldwide. For example, USA Today reports that five years after the 9/11 terrorist attacks, the homeland security business was booming to such an extent that it eclipsed mature enterprises like movie-making and the music industry in annual revenue. This security spending to private corporations such as Google, Amazon, Microsoft, and others is forecast to exceed $1 trillion in the near future.

The government now has at its disposal technological arsenals so sophisticated and invasive as to render any constitutional protections null and void. Spearheaded by the NSA, which has shown itself to care little to nothing for constitutional limits or privacy, the “security/industrial complex”—a marriage of government, military and corporate interests aimed at keeping Americans under constant surveillance—has come to dominate the government and our lives. At three times the size of the CIA, constituting one-third of the intelligence budget and with its own global spy network to boot, the NSA has a long history of spying on Americans, whether or not it has always had the authorization to do so. – John W. Whitehead, The Rutherford Institute

Orwell understood what many Americans, caught up in their partisan flag-waving, are still struggling to come to terms with: that there is no such thing as a government organized for the good of the people. Even the best intentions among those in government inevitably give way to the desire to maintain power and control over the citizenry at all costs.

We know what no one ever seizes power with the intention of relinquishing it. Power is not a means; it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power. Now you begin to understand me. –George Orwell, 1984

We have been reduced to a cowering citizenry which is rendered mute in the face of elected officials who refuse to represent us, helpless in the face of police brutality, powerless in the face of militarized tactics and technology that treat us like enemy combatants on a battlefield, and naked in the face of government surveillance that sees and hears all. We have nowhere left to go.  We have, so to speak, gone from being a nation where privacy is king to one where nothing is safe from the prying eyes of the government.

We are living in Orwell’s dystopian predicted future. John W. Whitehead poses the question: So how do you survive in the American surveillance state?

The truth is that we’re running out of options. As Whitehead makes clear in his book Battlefield America: The War on the American People, that we will all soon have to choose between self-indulgence (the bread-and-circus distractions offered up by the news media, politicians, sports conglomerates, entertainment industry, etc.) and self-preservation in the form of renewed vigilance about threats to our freedoms and active engagement in self-governance.

Read John W. Whitehead’s entire commentary here, on The Rutherford Institute

Marc Faber explains The Coming Pension Crisis

Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

World renown author and forecaster Marc Faber's [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:

Returning SBTV guest Marc Faber, editor and publisher of “The Gloom, Boom & Doom Report”, warns about the under-funding in public and private pensions. Will there be pitchforks when pensioners realize there is no money available for their retirement? Discussed in this interview: 01:31 State and…

[[ This is a content summary Only. Please Visit http://www.marcfabernews.com or the other Marc Faber Blog http://faber-blog.blogspot.com for the full story, >>>>]]

These Charts Suggest the Whole Wall Street Casino Has Become Taxpayer-Backstopped and Too-Big-to-Fail

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

These Charts Suggest the Whole Wall Street Casino Has Become Taxpayer-Backstopped and Too-Big-to-Fail

By Pam Martens and Russ Martens: June 14, 2019 ~ According to the Federal Deposit Insurance Corporation (FDIC), as of September 30, 2018 there was a total of $13.6 trillion in deposits at all 5,397 Federally insured banking and savings institutions in the U.S. but just nine mega banks represented 40 percent of all domestic deposits. Those nine are the insured banking units of the holding company for JPMorgan Chase with $1.3 trillion in domestic deposits; Bank of America at $1.36 trillion; Wells Fargo with $1.27 trillion; Citigroup at $504 billion; U.S. Bancorp $314 billion; Morgan Stanley $181 billion; BB&T $161 billion; Goldman Sachs $130 billion; and State Street $108 billion. Unfortunately, the FDIC’s Deposit Insurance Fund had only $100.2 billion as of September 30, 2018 to cover losses should any of those trillion-dollar-banks fail – which means they can’t fail and have thus become known as too-big-to-fail, even as they continue to take … Continue reading

“The Skid Is Everywhere”, And We Just Received More Confirmation That The Worst Is Yet To Come

All over America, large portions of our major cities are being transformed into stomach-churning cesspools of squalor.  Thousands of tens cities are popping up from coast to coast as the homeless population explodes, even the New York Times admits that we are facing “the worst drug crisis in American history”, there were more than 28,000 official complaints about human feces in the streets of San Francisco last year alone, and millions of rats are currently overrunning the city of Los Angeles.  And yet the authorities continue to insist that the economy is in good shape and that everything is going to be just fine.

Perhaps everything may seem “just fine” if you live in a heavily sanitized wealthy suburban neighborhood and you only get your news from heavily sanitized corporate media sources, but in the real world things are getting really bad.

The other day, LZ Granderson authored an editorial in which he described what life is like in Los Angeles right at this moment…

LA spent nearly $620 million in tax dollars last year to address the issue, and yet the number of homeless people increased by 16%, reaching nearly 60,000 people.

As a Los Angeles resident, I am among those who wonder what the mayor’s office is doing. When I lived downtown it was virtually impossible to walk a full block in any direction without seeing a homeless person. In Silver Lake where I live now, there are tent cities. On my drive to work I see people living underneath the highway overpasses. It’s no longer Skid Row here. The skid is everywhere.

Of course that phrase, “the skid is everywhere”, could also apply to San Francisco, Portland, Seattle, Denver, Minneapolis, Chicago, Detroit, St. Louis, Memphis, Cleveland, Baltimore, Philadelphia and countless other U.S. cities.

But without a doubt, L.A. is particularly disgusting at this point.  In fact, last weekend a columnist for the Los Angeles Times admitted that “Los Angeles has become a giant trash receptacle”

A swath of Los Angeles has devolved into a wasteland with rats scurrying among piles of decaying garbage and squalid tent cities, according to a series of stomach-churning photos that the Los Angeles Times says depict the “collapse of a city that’s lost control.”

“The city of Los Angeles has become a giant trash receptacle,” columnist Steve Lopez complained on Sunday.

We are seeing this happen at a time when we are being told that the U.S. economy is still relatively stable.

And I will concede that point.  Right now, the U.S. economy is a whole lot more stable than it will be in the months ahead.

So if things are this bad already in our major cities, what are those cities going to look like once we get deep into the next economic downturn?

On Friday, the Labor Department reported that 75,000 jobs were added to the U.S. economy in May.  That number is consistent with the extremely disappointing figure that ADP reported a few days earlier, and it is well below the number of jobs that we need just to keep up with population growth each month.

Prior to this latest report, there were already more working age Americans without a job than at any point during the last recession, and now things just got even worse.

But the government conveniently categorizes the vast majority of working age Americans without a job as “not in the labor force”, and so officially the unemployment rate is “very low” right now.

What a joke.

The truth is that the middle class has been steadily shrinking for an extended period of time, and all of the numbers that have been rolling in seem to indicate that an economic slowdown has begun.

For instance, when economic activity is expanding demand for key industrial resources such as copper, zinc and lumber increases and prices tend to go up.

But when economic activity is contracting, demand for those key industrial resources diminishes and prices tend to go down.

And right now we are seeing prices for copper, zinc and lumber decline precipitiously

Copper prices have fallen 6% in just the past month while zinc is down 8.5%. Copper and zinc are big components for many industrial and technology companies. People pay so much attention to copper as a barometer that traders jokingly call it Dr. Copper, as if it has a PhD in economics.

Lumber prices are falling as well, plunging about 10% in the past month. That could be viewed as a sign that the housing market — particularly new home construction — is weakening.

If you were looking for some exceedingly clear indications of where the U.S. economy is heading in the near future, you just got them.

But most Americans will continue to live in denial until the very end.  And even though 59 percent of the population is living paycheck to paycheck, people continue to rack up debt as if there was no tomorrow.

In fact, we just learned that the average size of a new vehicle loan in the U.S. just hit a brand new record high

People buying a new vehicle are borrowing more and paying more each month for their auto loan.

Experian, which tracks millions of auto loans each month, said the average amount borrowed to buy a new vehicle hit a record $32,187 in the first quarter. The average used-vehicle loan also hit a record, $20,137.

People ask me all the time about how they can prepare for the next economic downturn, and one of the key pieces of advice that I always give is to not take on more debt.

Right now everyone should be building up their financial cushions, because what is coming is not a joke.

Unfortunately, most Americans are still completely in denial about what is happening, and they will find themselves ill-prepared to handle the very harsh economic environment that is ahead.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post “The Skid Is Everywhere”, And We Just Received More Confirmation That The Worst Is Yet To Come appeared first on The Economic Collapse.

D-Day After 75 Years

D-Day After 75 Years

Paul Craig Roberts

Today is the 75th anniversary of the Normandy invasion.  Once again the event is celebrated by demonization of National Socialist Germany and glorification of America’s greatness in winning the war.  

In actual fact the Normandy invasion was not a significant contributor to Germany’s defeat.  A small US/British/Canadian/French force of about 150,000 soldiers of which about 73,000 were American faced a few German divisions at half strength and short of fuel and ammo.  The real war was on the Eastern front where millions of soldiers had been fighting for several years. 

The Red Army won World War II.  The cost to the Soviets was between 9 million and 11 million military deaths.  Adding in the Russian civilian deaths, the Soviet Union won the war at the cost of between 22 million and 27 million Soviet lives.

In contrast the US had 405,000 soldiers killed during WW II of which 111,600 died fighting the Japanese in the Pacific.

The falsificarion of history applies to World War II just as it does to everything else in the West, and President Trump’s D-Day speech exemplifies how false our history is.  Russia is simply left out of the story.  Putin was not even invited to the celebration.  The celebrants consisted of outgoing British prime minister May, failed French president Macron, and outgoing German chancellor Merkel who was there to celebrate her own country’s defeat, but they might as well not have been present.  Trump made the occasion America’s greatness.  We defeated Germany at a cost of less than 300,000 soldiers killed.  The Russians who lost 36 times more soldiers are not considered to be sufficiently important to the victory over Germany to be invited to the celebration.  

The post D-Day After 75 Years appeared first on PaulCraigRoberts.org.

SHTFplan: Democrats Want The Post Office To Handle All Your Banking Needs

Prepare yourself. Buy physical silver and storable food.

Imagine a bank with all the bureaucracy of the United States Post Office AND all the financial savviness of the U.S. government. If you like that idea, you’ll just love Democrats proposal to bank at your local post office.

Socialist lawmakers including U.S. Senator Bernie Sanders and U.S. Representative Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs, according to a report by Fox News. Oh, the future looks so bright for this country, huh?

Details Of Communist Ocasio-Cortez’s Ties To George Soros Revealed

Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat (both tyrannical socialists), see “postal banking” as a potential solution for the estimated 32.6 million U.S. households that are “unbanked” or “underbanked,” meaning they don’t have a checking or savings account and often turn to services like check cashing or payday loans that can harm them financially in the long term. But most of the “underbanked” have chosen to do so and won’t use the Post Office for banking even if leftists insisted.

The reasons most people choose not to use a bank would not be fixed by the Post Office, but amplified.  The Post Office is hardly in a position to become a bank because they lose so much money. The only reason it even exists is that it’s a government agency.  No business could operate like the Post Office and remain afloat.

Socialism has some horrible ideas, and while this one’s not up there with democide, it’s still pretty bad.

But still, socialists insist poor people should bank at the Post Office.  Perhaps Bernie Sanders should lead by example and use the Post Office as his primary bank.  But the multi-millionaire won’t do so, because he’s a hypocrite socialist.

But besides all these facts, this suggestion is stupid for statistical reasons as well. Market Watch reported that new research shows that only a small segment of the population lives closer to a post office than they do a bank, limiting the benefits postal banking could bring. Only about 20% of counties nationwide have more post office locations than they do bank branches, according to a recent study from Ken Tumin, founder of the banking website DepositAccounts, a subsidiary of LendingTree. And these counties are home to just 7.2 million people, roughly 7% of the country’s population. As for the number of counties that have a post office but no bank, the number is even smaller. This is true of roughly 1% of counties across the country and a mere 207,000 people, less than 1% of the nation’s population, live in them.

“Post offices are a less convenient option for most Americans,” Tumin wrote. “However, this fact does not mean the financial and banking needs of a substantial number of adults are well-served.” Besides, more and more people have access to a smartphone or the internet these days, and online banking is more readily available to a wider swath of the population, leading logical humans to question the need for postal banking as a solution.

The U.S. Postal Service is viewed as a good conduit for banking services in part because it already offers some financial services, including money orders and cashing of Treasury checks. There we go! So let’s get the government involved in banking like as they did with student loans.  Look how that turned out.  Only socialists can come up with ideas this completely and epically disastrous for civilization.

Let the government control your money! Look how good they are with the money they steal!

This isn’t a joke either, although it should be! There are actually politicians actively working to make this country look like Venezuela!

Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 10% Just Got Even BIGGER

via the economic collapse blog Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

The middle class in America is being systematically eviscerated, and it is getting worse with each passing year.  As you will see below, one new study has found that 10 percent of Americans now own 70 percent of all the wealth.  Once upon a time, the United States had the largest and most vibrant middle class in the history of the world, but pretty soon we are just going to have the ultra-wealthy and everyone else.  Our system has been designed to funnel as much wealth as possible to the very top of the financial pyramid, and that means that most of the rest of us are deeply struggling.  And when you are just barely getting by from month to month, all it takes is one bad break to knock you completely out of the middle class and into poverty.

I have been chronicling the demise of the middle class for many years, but I didn’t know that the numbers had gotten this bad.  According to a study that was recently conducted by the Federal Reserve, the percentage of wealth controlled by the top 10 percent of U.S. households has shot up from 60 percent in 1989 to 70 percent today

Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60% in 1989, according to a recent study by researchers at the Federal Reserve.

The study finds that the share of wealth among the richest 1% increased to 32% from 23% over the same period.

The ironic thing is that the Federal Reserve has actually done much to cause this high concentration of wealth among the elite.  In response to the last financial crisis, the Federal Reserve pumped unprecedented amounts of money into the financial system, and this has created the greatest stock market bubble in our history

The Dow Jones Industrial Average DJIA, +2.06% has climbed nearly 300% since its closing low in March 2009, the S&P 500 index SPX, +2.14% has climbed 325%, while the Nasdaq Composite Index COMP, +2.65% has soared 535% over the same period.

Meanwhile, wages have stagnated for ordinary Americans.  According to the Social Security Administration, the median yearly wage in the United States is currently just $30,533.  In other words, 50 percent of all American workers make at least that much per year, and 50 percent of all American workers make that much or less per year.

$30,533 a year breaks down to approximately $2,500 per month, and you simply can’t support a middle class lifestyle for a typical American family on $2,500 a month.

Meanwhile, the cost of living for middle class families has exploded higher over the past few decades…

Everyday expenses continue to rise, and as the shadow inflation increases, it also threatens to wipe out the middle class – what’s left of it anyway. In fact, middle-class life is now 30% more expensive than it was 20 years ago, according to a separate report by CNBC. The cost of things such as college, housing, and child care has risen precipitously: Tuition at public universities doubled between 1996 and 2016 and housing prices in popular cities have quadrupled, Alissa Quart, author and executive director of the Economic Hardship Reporting Projecttells CNBC Make It.

As the cost of living has risen faster than our incomes have, more Americans have been squeezed out of the middle class with each passing month.

As a result, an increasing number of Americans have become financially dependent on the government, and our rapidly expanding welfare state is a big reason why the federal government is now 22 trillion dollars in debt.

Of course many Americans are no longer able to make it at all, and the ranks of the homeless are swelling all over the nation.  In fact, we just got some brand new numbers about the growth of homelessness in the Los Angeles area that are absolutely eye-popping

The number of homeless people counted across Los Angeles County jumped 12% over the past year to nearly 59,000, with more young and old residents and families on the streets, officials said Tuesday.

The majority of the homeless were found within the city of Los Angeles, which saw a 16% increase to 36,300, the Los Angeles Homeless Services Authority said in presenting January’s annual count to the county Board of Supervisors.

Yes, it is true that we have a record number of millionaires on the west coast in 2019, but meanwhile our major west coast cities are being transformed into rotting, decaying nightmares right in front of our eyes.

During a recent interview with Laura Ingraham, Dr. Drew Pinsky admitted that there is “a complete breakdown of the basic needs of civilization in Los Angeles right now”

“We have a complete breakdown of the basic needs of civilization in Los Angeles right now,” Pinsky told host Laura Ingraham. “We have the three prongs of airborne disease, tuberculosis is exploding, (and) rodent-borne. We are one of the only cities in the country that doesn’t have a rodent control program, and sanitation has broken down.”

Pinsky’s comments followed news that Los Angeles police officer had contracted typhoid fever, a rare and life-threatening illness that fewer than 350 Americans contract each year.

Los Angeles had a typhus outbreak last summer and will likely have another this summer, Pinsky said. Meanwhile, bubonic plague – a pandemic that killed tens of millions of people during the 14th century – is “likely” already present in Los Angeles, Pinsky added.

Despite all of our great wealth and despite all of our advanced technology, this is what life is like in our second largest city right now.

And if things are degenerating this badly during stable times, what are things going to look like once our society plunges into chaos?

Ultimately, the American Dream is about being self-sufficient.  Most people want to be able to work hard and provide a nice life for their families, but that is becoming harder and harder to do.

No matter which political party has been in power in Washington, the middle class has continued to shrink and more wealth and power has become concentrated in the hands of the elite.

Now we stand on the precipice of the next major economic downturn, and many are deeply concerned about what that is going to mean for the future of our society.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 10% Just Got Even BIGGER appeared first on The Economic Collapse.

ZeroHedge: Citigroup “Informant” Link To Wealthy Trader Disclosed During High Profile Insider Trading Trial

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

The ongoing insider trading trial of Walid Choucair and former UBS Group AG compliance officer Fabiana Abdel-Malek has yielded new claims that a Citigroup employee who had access to “price sensitive information” communicated information to a wealthy trader involved in the trial, Alshair Fiyaz, according to Bloomberg.

The U.K.’s Financial Conduct Authority said that the Citi “source” disclosed the communication to them, and that it was backed up by “limited telephone contact” with an intermediary of Fiyaz in 2015 and 2017. 

Choucair, at his trial, has argued that tips he received came from Fiyaz and other traders, and not Abdel-Malek. Choucair and Abdel-Malek deny five counts of insider trading and Fiyaz has not been charged. 

The FCA, in presenting the new information to the jury, said it couldn’t disclose further details on the “source” because the information could wind up uncovering the identity of their informant. The FCA note didn’t make clear whether Fiyaz had received information from the Citigroup source directly or not.

The FCA says it investigated after it got a tip from an informant on May 14. The Citi employee “did not have computer access to price-sensitive information relating to the five stocks that are the subject of the ongoing trial, though it’s not been possible to conduct a detailed investigation because the disclosure was so recent.”

Abdel-Malek and Choucair are facing a total of 10 counts of insider trading as the FCA pins its enforcement hopes and dreams on a successful conviction – which the agency believes will send a message to other financial criminals in the city that they can face very real consequences, including lengthy prison sentences, for financial wrongdoing.

FCA

Recall, we pointed out in late 2018 that the FCA’s reputation was on the line, after charging Choucair with earning an illicit profit of 1. (more…)

via zerohedge

Durably Terrible

By TF

8 Comments |

The US economy continues to rapidly deteriorate as shown by yesterday’s PMIs and today’s Durable Goods report. The bond market shows this, as well, and now the “stock market” is struggling, too. That this is all leading to multiple fed funds rate cuts and a resumption of overt QE seems lost on the masses, at present. It won’t be that way much longer.

Here are a few links to today’s…