Silver as an investment

ZeroHedge: Supreme Court Takes Case That Could End Internet Censorship, Expand First Amendment

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Authored by Carmine Sabia via Citizen Truth,

After the recent purge of over 800 independent media outlets on Facebook, the Supreme Court is now hearing a case that could have ramifications for any future attempts at similar purges.

The United States Supreme Court has agreed to take a case that could change free speech on the Internet forever.

Manhattan Community Access Corp. v. Halleck, No. 17-702, the case that it has agreed to take, will decide if the private operator of a public access network is considered a state actor, CNBC reported.

The case could affect how companies like Facebook, Twitter, Instagram, Google and YouTube are governed. If the Court were to issue a far-reaching ruling it could subject such companies to First Amendment lawsuits and force them to allow a much broader scope of free speech from its users.

The Court decided to take the case on Friday and it is the first case that was taken after Justice Brett Kavanaugh joined the Court.

DeeDee Halleck and Jesus Melendez claimed that they were fired from Manhattan Neighborhood Network for speaking critically of the network. And, though the case does not involve the Internet giants, it could create a ruling that expands the First Amendment beyond the government.

“We stand at a moment when the very issue at the heart of this case — the interplay between private entities, nontraditional media, and the First Amendment — has been playing out in the courts, in other branches of government, and in the media itself,” the attorneys from MNN wrote in their letter to the Court asking it to take the case. (more…)

via zerohedge

ZeroHedge: As Portland Cracks Down On Violent Protests, Seattle Antifa Dox ICE Agents Over Twitter

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

Following a series of violent protests, the mayor of Portland has proposed new measures aimed at separating conservatives and liberals before anybody gets hurt. 

On Monday afternoon, Democrat Mayor Ted Wheeler proposed an emergency ordinance which would allow police to physically separate protesters and counter-protesters – corralling anyone with a history of violence into designated zones with enhanced police supervision .

“I will not allow continued, planned street violence between rival factions to take place in Portland, Oregon,” said Wheeler at a Monday press conference.

His comments come two days after leftist members of Antifa brawled with right-wing activism groups Proud Boys and Patriot Prayer – which saw protesters beating and assaulting each other with pepper spray. Several injuries were reported. 

via zerohedge

SHTFplan: The Fed Will Continue To Hike Interest Rates Despite Criticism

Prepare yourself. Buy physical silver and storable food.

The Federal Reserve has indicated that they will continue to hike up interest rates in spite of criticism from president Donald Trump and others who see the hike as damaging to the economy.  The Feds officials are dedicated to the belief that rising rates will contribute to a more stable economy.

If you have student loans, credit card debt, or a home equity line of credit, you may be seeing the cost of those loans jump up yet again.  A summary of the September 25-26 Federal Open Market Committee session reflected both confidence in the rate of economic growth and some hesitancy over the impact that tariffs might have on the future path, according to a report by CNBC. 

Unfortunately, ultimately, the committee unanimously voted to approve a quarter-point hike to its benchmark rate target, with members indicating that more increases are on the way. The increase took the target range to 2 percent to 2.25 percent. Although this news isn’t exactly new, it has now begun to have a negative effect on the wallets of some Americans and on the federal government. As the government continues to commit suicide with their rising national debt, soon, just the interest on the debt will surpass the United States’ bloated military budget.

“With regard to the outlook for monetary policy beyond this meeting, participants generally anticipated that further gradual increases in the target range for the federal funds rate would most likely be consistent with a sustained economic expansion, strong labor market conditions, and inflation near 2 percent over the medium term,” the minutes read.

Even though Trump has criticized the rising rates, the Fed turned the tables on him, saying his policies aren’t much better.  “Despite this optimism [over a strong economy], a number of contacts cited factors that were causing them to forego production or investment opportunities in some cases, including labor shortages and uncertainty regarding trade policy,” the minutes said. “In particular, tariffs on aluminum and steel were cited as reducing new investment in the energy sector. Contacts also suggested that firms were attempting to diversify the set of countries with which they trade — both imports and exports — as a result of uncertainty over tariff policy,” the summary added.

The move to hike rates again is in keeping with recent remarks from several Fed officials, who appear to be veering away from targeting a longer-run “neutral” rate that is neither restrictive nor accommodative and instead, letting economic data and financial conditions be the guide. The minutes note that all future policy moves would “depend on the evaluation of incoming information and its implications for the economic outlook. “In this context, estimates of the level of the neutral federal funds rate would be only one among many factors that the Committee would consider in making its policy decisions.”

New Samizdat: RT brings you a new censorship buster

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

New Samizdat: RT brings you a new censorship buster

As censorship takes over America, Russia steps up to offer us free speech.

https://www.rt.com/news/441535-new-samizdat-censorship-media/

The post New Samizdat: RT brings you a new censorship buster appeared first on PaulCraigRoberts.org.

Hurricane Michael

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

Dear Friends, I appreciate your many inquiries about how I fared with hurricane Michael. I was just far enough to the West to escape the destructive winds, but family members and friends experienced moderate to extensive damage. Needless to say, it has preoccupied most of my time and energy. PCR

The post Hurricane Michael appeared first on PaulCraigRoberts.org.

ZeroHedge: Americans’ Assessment Of The Economy Is Highest Since The Dot Com Bubble

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

According to Gallup, Americans’ evaluations of current US economic conditions and the economy’s trajectory have not been more optimistic since 2000. Currently, 54% of Americans rate economic conditions as “excellent” or “good,” and just 12% as “poor.” Also, by 57% to 34%, more Americans say the economy is getting better than say it is getting worse.

The combination of those answers results in a Gallup Economic Confidence Index of +33. The index was last at that level in January 2004, and has not been higher since November 2000 (+39), at the tail end of the dot-com bubble.

The latest results, based on a survey taken between Oct. 1-10, may have been affected negatively as the stock market has been volatile since then which could adversely affect consumer attitudes. Any effect of the stock market volatility that began Oct. 10 would not be fully reflected in these results.

Gallup first asked Americans to assess the state of the economy using its current conditions and economic outlook questions in 1992, and has done so on a regular basis since 1996. The questions were asked at least monthly between October 2000 and December 2008, and on Gallup’s annual April economic survey between 2009 and 2017. In December 2017, Gallup resumed asking them monthly.

Gallup asked the same questions on daily tracking surveys between 2008 and 2017. While the tracking and non-tracking survey estimates did not always match, they were usually within 10 points of each other. Because economic confidence was depressed throughout those years, it is safe to conclude that the current level of confidence has not been higher in any Gallup polling on the topic since 2000. (more…)

via zerohedge

ZeroHedge: In The World Of American Politics, One Khashoggi Is Worth One Million Yemeni Lives

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

Authored by Michael Howard via The American Herald Tribune,

At this point we can only assume that the Turkish version of events regarding the disappearance of Jamal Khashoggi is true. As always, I’m open to being proved wrong, and it’s certainly incumbent upon Ankara to release the audio evidence of which they claim to be in possession (though this, should it come out, will naturally be dismissed by the Saudis as fabricated or doctored), but the list of plausible alternative scenarios currently stands at zero. Khashoggi went into the Saudi consulate and was never seen again. If he had merely been kidnapped and jailed, we’d have heard from him by now. He would have appeared on Saudi state television and delivered some kind of scripted statement like Lebanese Prime Minister Saad Hariri did last November. The House of Saud appears to prefer this time of year, autumn, for abductions and assassinations.

If Khashoggi was, in fact, whacked out by a Saudi hit squad—complete with torture and Goodfellas-style dismemberment—as the Turks maintain he was, then Crown Prince Mohammed bin Salman is even crazier than we thought. Since being named heir apparent by his senile father, King Salman, the crown prince has been on a mission to establish himself as the region’s chief thug. This is no small task, but MbS, as he’s blithely referred to, seems up to the challenge.

As Patrick Cockburn recently wrote, the crown prince’s list of failures, in so short a span of time, is impressive. His escalation of the war in Yemen has achieved nothing unless you count mass murder and mass famine as achievements. The Houthis are holding fast, and the country has been all but obliterated. Perhaps, though, the Saudis view Yemen’s destruction favorably. Like the US invasion of Vietnam, Saudi Arabia’s overarching goal in Yemen is to demonstrate to the region what happens when populations revolt against their oppressors. You want to upend the status quo and realize a degree of independence and self-government, you’d better be prepared to be pulverized. That’s the warning being issued by Saudi Arabia in Yemen. (more…)

via zerohedge

ZeroHedge: Two Deutsche Bank Traders Found Guilty Of Rigging Libor

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

As regulators’ campaign to kill off Libor continues unabated, helping to squeeze the 3 month dollar Libor rate to its highest level since the financial crisis, federal prosecutors in New York have won convictions on charges of wire fraud and conspiracy against two former Deutsche Bank traders for rigging the benchmark rate that underpins the value of nearly $400 trillion in financial instruments denominated in a range of currencies.

Matthew Connolly, who supervised the bank’s money-market derivatives desk in New York, and Gavin Black, who traded derivatives in London, were convicted on the basis of testimony from three junior traders (two of whom pleaded guilty, and a third signed an agreement to avoid prosecution in exchange for his testimony), who said Connolly and Black directed them to aid in the altering of the bank’s Libor submissions to benefit the desk’s trading positions. The illicit behavior for which the two men were convicted took place between 2004 and 2011, according to Bloomberg.

DB

Matthew Connolly, left, outside the federal court house.

The convictions represent a major win for federal prosecutors, but they can’t celebrate just yet; last summer, convictions won by the DOJ against two London-based Rabobank traders were reversed on appeal, dealing an embarrassing blow to prosecutors in New York and the DOJ. All told, global regulators have secured $9 billion in fines from a collection of some of the world’s largest investment banks, including DB and Barclays.

But for the duration of the trial, it appeared that Connolly and Black would also beat the rap, as the judge treated the fumbling prosecutors with open hostility, particularly after one of the government’s key witnesses was called out by the defense in open court for lying about his bonus in a federal plea agreement.

The defense had some success in portraying the three witnesses as liars who molded their stories to avoid prosecution.

The three former traders told jurors that, at the urging of the defendants, they altered the rate or pressured others to submit false data to benefit trading positions held by Connolly and Black. Parietti said Connolly ordered him to disclose positions to the submitters in London because Connolly believed his team was being undermined by others at the bank who were rigging the rate in their favor.

The defense argued that there were no clear guidelines on how banks should submit their rates for the calculation of Libor until at least 2008, and that they weren’t expressly forbidden from taking derivative trading positions into account when making the submission until 2013.

(more…)

via zerohedge

SHTFplan: Mortgage Applications Tank As Interest Rates Soar

Prepare yourself. Buy physical silver and storable food.

Weekly mortgage application fell a whopping 7.1% as the cost of borrowing money surged.  Interest rates are climbing higher making debts more expensive, so naturally, fewer people can now afford to buy homes.

Rising interest rates appear to be the main culprit behind the tanking of new mortgage applications. Buyers just don’t want to pay the higher rates, which are now at an 8-year-high. According to CNBC, homebuyer demand is strong, but affordability was weakening even before rates began to rise, as tight supply pushed home prices sharply higher. The housing market is definitely cooling off now.

Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s (MBA) seasonally adjusted report. Volume was 15 percent lower compared with the same week one year ago. There was no adjustment made for the holiday, Columbus Day, in which banks were closed. With fewer borrowers now able to benefit from a refinance, refinance volume, which had been the majority of mortgage business following the recession, fell to 38.1 percent of total applications from 39 percent the previous week. Applications to refinance a home loan are highly sensitive to even the smallest rate adjustments.  They fell 9 percent for the week and were 33.5 percent lower than a year ago. Rates have moved 22 basis points higher in the past four weeks and have jumped 96 points in the past year.

“Treasury rates increased over the week, mainly as communication from Federal Reserve officials pointed to a continued path of rate hikes, based on the strength of the economy and hot job market,” said Joel Kan, an MBA economist according to CNBC. “Furthermore, four out of the five rates tracked in our survey increased.”

While there was some concern that this is bad news for the economy in general, others were more optimistic. The association’s new CEO, Robert Broeksmit is one who looked on the bright side. “Well, of course, I’m concerned, but I’m optimistic because the economy is so strong and the millennials are out buying houses and the demand is so high. We do have to work on the supply side,” said Broeksmit. “I think what you’ll see is as the rates continue to tick up, home price appreciation, the pace will slow, and there will be an equilibrium over time.”

But is he right? Are millennials buying houses? According to several reports, most millennials can’t actually afford to buy homes partly because their student loan debt is outrageous and they have taken jobs paying them much less than they anticipated. In addition to high interest rates and potentially negative effects on credit scores associated with student loans, millennials are earning less and struggling to find jobs compared with previous generations, reported Upworthy. It’s no surprise that saving for a down payment for a house is nearly impossible for many millennials.

This could be a sign of a weaker economy, or it could be an evening out of the housing bubble that we’ve been in for a while.  Either way, it isn’t as positive or optimistic for those trying to afford a house.

The CIA in league with the Democratic Party Is Moving to Take Control of the House of Representatives

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

The CIA in league with the Democratic Party Is Moving to Take Control of the House of Representatives

“An extraordinary number of former intelligence and military operatives from the CIA, Pentagon, National Security Council and State Department are seeking nomination as Democratic candidates for Congress in the 2018 midterm elections. The potential influx of military-intelligence personnel into the legislature has no precedent in US political history.

“If the Democrats capture a majority in the House of Representatives on November 6, as widely predicted, candidates drawn from the military-intelligence apparatus will comprise as many as half of the new Democratic members of Congress. They will hold the balance of power in the lower chamber of Congress.”

https://www.wsws.org/en/articles/2018/03/07/dems-m07.html

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