Gold World News Flash |
- Could Consuming This Mushroom Protect Against Radiation?
- The Slow, Inevitable Collapse Of The Two-Party System
- How to Destroy ISIS Propaganda and Wipe Out Its Ability to Recruit
- Peter Schiff and Harry Dent Debate on Economy
- This Video is Proof in 2016! (PROPHECY HAPPENING WORLDWIDE)
- The "Restaurant Recovery" Is Over: Casual Dining Sales Tumble For Fourth Straight Month
- Alan Watts ~ The Guilt Of Education By Society
- Jim Rickards 'New Case For Gold' At the Foreign Correspondents Club of Japan
- How Much & Where Did The U.S. Export Most Of Its Gold Since 2011??
- A Scam Called Valeant
- Ted Cruz is Right About Gold…
- Jim’s Mailbox
- Donald Trump reacts to Brussels attack (Full CNN interview)
- Gold Stocks Spring Rally
- JSMineset Gold About To Go Live!
- Bullard’s Words Boost The Dollar
- Powerful Prophecy of Coming Destruction, and Israel Attacked
- Pre-1965 Silver Pocket Change Provides Investors With an Economic Future
- The 'Dangerous Obsession' with Gold
- US Dollar Rebound Spells Further Downside for the Kiwi Dollar
- GLX, GLDX, Baby Gold Bull Market Stillborn?
- A Love Affair: India and Gold
| Could Consuming This Mushroom Protect Against Radiation? Posted: 25 Mar 2016 07:20 PM PDT by Alexandra Preston, Natural Society:
An early report of this possibility came from Russia in 2001 on the discovery of a melanin-rich species of fungi seeming to thrive within the walls of the Chernobyl meltdown reactor site. Three years later, the same observation was made for the surrounding soils. [1] In 1961, another study found that melanin-rich fungi were growing in a Nevada nuclear test site, surviving doses of up to 6,400 Grays (Gy)! That is around 2,000 times the lethal dose for humans. [2] Amazingly, a study published in PLoS from 2007 revealed that melanized fungal cells showed increased growth relative to non-melanized cells after ionizing radiation exposure. The electronic properties of the melanin also changed, raising questions about a role for melanin in energy use. If melanin could protect fungi from radiation, could consumption of mushrooms containing it protect humans and animals?Research published in 2012 found that melanin isolated from the fungus Gliocephalotrichum simplex and administered at a dose of 50mg/kg of body weight increased the 30-day survival of mice by 100%! Melanin up to a dose of 100mg/kg had no adverse effects. Additionally, a second 2012 study on another species of fungus, Auricularia auricula-judae (Jelly ear), suggests that these radio-protective abilities may be mostly melanin-specific. This time, mice were fed jelly ear, a part of East Asian cuisine, an hour before receiving a 9 Gy dose of radiation from Cesium-137. In comparison, anything over 0.1 Gy is dangerous for humans. All control mice died within 13 days, but 80-90% of the mice that ate jelly ear survived. Those fed white porcini mushrooms died nearly as fast as the controls, but had similar survival rates to the mice fed jelly ear if the white mushrooms were supplemented with melanin. |
| The Slow, Inevitable Collapse Of The Two-Party System Posted: 25 Mar 2016 07:00 PM PDT Submitted by Russell Whitehouse via OrientalReview.org, In this election year, it’s clear that a seismic political shift is rumbling through America. Widespread discontent for the status quo is surfacing from both the left and right. A year ago, it would have been impossible to envision a card-carrying socialist and a pre-WWII style populist mounting legitimate presidential campaigns (much less without Super PACs). Now, far-left and far-right sentiments are emerging from the underground as perfectly palatable options to Middle America. Establishment darlings like Hillary Clinton, Jeb Bush & Marco Rubio have faced extreme pressure from the New Normal in their respective political tents. It has become clear that the traditional 2-party system in America is starting to erode. Sanders’ supporters view Clinton as too untrustworthy & beholden to Big Business. Meanwhile Trump’s blue-collar base has rejected rank-and-file Republicans as being too unsympathetic to their economic concerns, while his surprising chunk of the evangelical contingent is refuting the Bush-flavored puritanism of Ted Cruz. Conversely, Clinton’s supporters reject Sander’s bold platform as delusional and Cruz’s base is increasingly being filled by #NeverTrump neocon purists and Romey-ite country club Republicans. One can see political parallels across the pond, in the UK’s 2015 Parliamentary elections. The two main parties in Westminster Palace, Conservative and Labour (roughly equivalent to the GOP and Democrats), were shaken up by two popular insurgencies. UKIP, the UK Independence Party, rose up from the rising flames of the relatively conservative British heartland’s fears of free trade in the EU and immigration, winning an eighth of the popular vote in England. To the north, SNP, the Scottish National Party, won 95% of Scotland’s seats by inspiring among other things, record youth turnout and social media support (sound familiar?), with a message of social democracy and defiance against the British status quo.
Intra-party schisms are also forming in the two Anglophone democracies. The Tories are tearing themselves apart over the Brexit, austerity and jockeying to succeed Cameron as Party Leader, while the American neocons are assessing the fallout of Trump’s ascendance while in free fall. Labour officials are debating whether to follow their insurgent leader Jeremy Corbyn to the far Left after 20 years of Tony Blair’s New Labour movement, which moved the party to the center to win back the support of big business and blue-collar voters. The New Labour centrist putsch coincided with Bill Clinton (and later Obama’s) similar efforts as the face of the Democrats. Now, Democratic voters are beginning to second-guess this political realignment, spearheaded by the presumptive Democratic nominee’s husband. Her opponent Bernie Sanders is siphoning away the youth vote and blue-collar moderates from the Democratic establishment, two of the Party’s traditional constituencies, by railing against neoliberal policies like free trade and social welfare cuts. Given the rise of social-democratic populism and nativist-protectionist populism to either flank of American politics, it would make sense to look at the formation of entirely new parties. Bernie Sanders can form a Stars-and-Pinstripes version of SNP; he too has the momentum of a more secular, progressive generation reaching political maturity as the more religious, conservative Baby Boomers begin to die out. Assuming Trump completes his takeover of the Grand Old Party at July’s convention, the neocon brain trust can form a new conservative movement; this is already being planned by members of the #NeverTrump triad. Evangelical and free market diehards can unite to mount a serious challenge to Trump’s right by fielding a Texas crusader like Ted Cruz or Rick Perry, or Mormon elder statesman Mitt Romney. Regardless of how Trump and Sanders fare in their respective conventions, they could still operate a serious race for the White House. Both New York loudmouths boast a gigantic wave of rabid new voters, as well as a wellspring of working-class Americans desperate to reverse Wall Street’s increasingly oligarchical dominance, mass layoffs/underemployment, stagnant wages, crumbling infrastructure & the other byproducts of the neoliberal-neoconservative economic policy alliance. Sanders could march into November as the nominee of the new Democratic Socialist Party, with a trail of young, idealistic future leaders tweeting and live-streaming behind him. Depending on July’s RNC, we could see a Make America Great Again Party (MAGAP, for short) trumpeting Trump’s message of putting power back in the hands of the American working class or a Romney-Cruz True Conservatives Party ticket touting Christian piety and Wall St fiscal policy. Get used to Sanders, Clinton, Trump & Cruz. You may see all 4 of them, come November... |
| How to Destroy ISIS Propaganda and Wipe Out Its Ability to Recruit Posted: 25 Mar 2016 05:34 PM PDT The Little-Known Secret to Destroying ISIS PropagandaI'm not opposed to killing every ISIS member and recruit. After all, they're trying to kill us. But Russia and the U.S.-led coalition haven't been able to wipe out ISIS with bombs. Why not? Military history shows that you usually cannot defeat your enemy unless you understand him at least a little bit. For example, the great Chinese military strategist Sun Tzu wrote in the Art of War:
Part of why we haven't won the battle against ISIS is we don't understand why their recruitment has been so successful. Specifically, ISIS pitches itself to ignorant, naive, unemployed, young Muslims as the group which will stop the Christian and Jewish "occupiers" from stealing their lands. (That's obviously no excuse for joining a terrorist group. Like I said, I have no problem killing everyone in ISIS.) But if the actual truth - that ISIS kills far more Muslims than Christians or Jews - were publicized, ISIS' propaganda and recruiting success would collapse. In other words, ISIS ability to recruit fighters and supporters would evaporate, and the group itself would quickly wither. “Between 82 and 97% of Terrorism-Related Fatalities” Are MUSLIMThe U.S. National Counterterrorism Center - the United States government organization responsible for national and international counterterrorism efforts - reported in 2011 (page 14):
According to a 2009 report published by the Counter Terrorism Center at the United States Military Academy at West Point, Al-Qaeda kills over seven times more Muslims than non-Muslims. The UN reported last year that Muslims are the largest victims of ISIS in Iraq. In 2013, the National Consortium for the Study of Terrorism and Responses to Terrorism's Global Terrorism Database – joint government-university program on terrorism, hosted at the University of Maryland noted that between 2004 and 2013, about half of all terrorist attacks, and 60% of fatalities due to terrorist attacks, took place in Iraq, Afghanistan and Pakistan - all of which have a mostly Muslim population:
The head of the Global Terrorism Database told BBC:
In other words, the vast majority of Muslims not only condemn ISIS … but they are actually bearing the brunt of ISIS’ cruelty. One American Muslim writes at Daily Beast:
(Muslims are also being slaughtered by ISIS for standing up and publicly opposing the terrorist group’s persecution of Christians. And as a sidenote, a 2013 study by Duke University showed that Muslim Americans helped catch more terrorism suspects and perpetrators than the United States government itself.) Indeed, if we want to stop ISIS, one of the most important things we can do is publicize the fact that ISIS is killing more “fellow” Muslims than any other victims. This will destroy ISIS propaganda that they are focused on a jihad or "holy war" against Christian and Jewish "occupiers". As Daily Beast pointed out in 2014:
How to Stop ISISUnfortunately, Western governments are increasing the threat from terrorism (all of the countries we’ve “regime changed” have descended into brutal chaos, allowing ISIS and other terrorists to spread) ... instead of doing the things which will stop terrorism. One of those things is to publicize the fact that most of ISIS' victims are Muslim, as it will destroy ISIS propaganda. Even the folks who want all Muslims to wipe each other out might wish to recognize that failing to publicize that fact is allowing ISIS recruitment to explode. While Armageddon might sound exciting to some, I'd rather punch holes in the inflating ISIS balloon, and then bump off the remaining ISIS fighers. Postscript: Despite the feeling we get from watching the MSM that we are all about to be killed by terrorists, the truth is that we are much more likely to die from a boring or bizarre accident than at the hand of a terrorist ... even the fear of terrorism is arguably more dangerous than terrorism itself. |
| Peter Schiff and Harry Dent Debate on Economy Posted: 25 Mar 2016 05:28 PM PDT Peter Schiff on Alex Jones InfoWars 3/25/2016 Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| This Video is Proof in 2016! (PROPHECY HAPPENING WORLDWIDE) Posted: 25 Mar 2016 04:30 PM PDT PROPHETIC EVENTS from the past week are you ready end times new world order bible prophecy something big is happening the big event strange events happening worldwide shocking strange sounds loud booms worldwide prophetic events The Financial Armageddon Economic Collapse Blog tracks... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| The "Restaurant Recovery" Is Over: Casual Dining Sales Tumble For Fourth Straight Month Posted: 25 Mar 2016 03:58 PM PDT While the US manufacturing sector has been in a clear recession for the past year as a result of the collapsing commodity complex, so far the stable growth in low-paying service jobs - at least according to the BLS' statistical assumptions - such as those of waiters and bartenders have kept the broader service economy out of contraction (even though recent Service PMI data has been downright scary).
This is now changing: as we showed a month ago, according to the lagged effect of the collapse of the Restaurant Performance Index, that party is over:
... just like it was in 2008;
But while such macro indices suffer from the same calendar and statistical aberrations which the BLS is all too famous for, a confirmation of the troubling restaurant downward trend was provided yesterday by company-level channel checks, courtesy of Sterne Agee, which show that same store sales trends at America's casual dining restaurants - those which cater to the vast majority of the US middle class - have suffered a fourth consecutive month of declines, something not observed since the first financial crisis, sliding a whopping 3% in March. From Sterne Agee's March 24 channel checks:
To be sure, Sterne Agee tries to spin this disturbing trend as faborably as posible:
However, it is becoming all too obviouos that not only has the great gas price collapse of 2015/2016 done anything to boost consumer spending on such core discretionary items as dinner, but that the purchasing power of the US middle class continues to deteriorate with every passing month - having troughed so far in March - and that economists are clueless to explain the reason behind this. And the worst news is that with gas prices set to anniversary their 2015 lows in a few months at which point they will start rising due to the base effect, suddenly the great "gas tax savings" which did nothing to boost spending, is about to go into reverse, and lead to the next even sharper leg lower in US household spending. We are confident economists will be very confused about the reasons why the US economy is about to deteriorate substantially in the second half, however surely they will find some climatic anomaly to blame it on. |
| Alan Watts ~ The Guilt Of Education By Society Posted: 25 Mar 2016 03:45 PM PDT In this video Allan Watts explains how society makes you believe that the system`s education is the only one for you ,without explaining Spiritual Education which is the most necessary one for Spiritual Life . The Financial Armageddon Economic Collapse Blog tracks trends and forecasts... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Jim Rickards 'New Case For Gold' At the Foreign Correspondents Club of Japan Posted: 25 Mar 2016 03:32 PM PDT |
| How Much & Where Did The U.S. Export Most Of Its Gold Since 2011?? Posted: 25 Mar 2016 01:51 PM PDT SRSRocco Report |
| Posted: 25 Mar 2016 01:28 PM PDT This post A Scam Called Valeant appeared first on Daily Reckoning. If you need evidence that Wall Street is a financial time bomb waiting for ignition look no further than the recent meltdown of Valeant Pharmaceuticals (VRX). Its market cap of $90 billion on August 5th has plunged to less than $12 billion by Wednesday's close. That's nearly a 90% haircut and VRX was no microcap penny stock. It was a giant favorite of hedge funds. On a single day last week, hedge funds lost $5.3 billion in value. Fitting justice, some might say, for the likes of rank gamblers like William Ackman (Pershing Square) and Jeffrey Ubben (ValueAct Holdings) who lost $700 million each that day. The fact that they have successfully promoted themselves for so long as masters of the universe, however, is the real moral of the story. The financial markets and media have been so corrupted by central bank bubble finance that they did not even recognize that Valeant was a monumental scam and that Ackman and Ubben are snake oil salesman in $5,000 suits. Presently, it will become clear that the hedge fund hotels are heavily occupied by many more of the same. Here's its chart:
No, Valeant wasn't caught selling poisoned pills or torturing kittens during the last seven months. What it was doing for the past seven years — aggressively pursuing every one of the financial engineering strategies that are worshipped and rewarded in the Wall Street casino — finally came home to roost. Valeant's evolution during that period arose straight out of the financial engineering playbook. It was a creature of Goldman Sachs and the various dealers, underwriters, hedge funds and consulting firms which drive the Bubble Finance trade. At the end of the day, they've turned the C-suites of corporate America into gambling dens by attracting, selecting and rewarding company-wrecking speculators and debt-crazed buccaneers to the top corporate jobs. In this case, the principal agent of destruction was a former M&A consultant from McKinsey & Co, Michael Pearson, who became CEO in 2008. Pearson's confederate in this scorched earth corporate "roll-up" enterprise was Howard Schiller, a 24-year veteran of Goldman Sachs, who became CFO in 2011, and soon completed the conversion of Valeant into a financial engineering machine. During their tenure, Pearson and Schiller spent about $40 billion on some 150 acquisitions. And exactly what common expertise and value added leverage did these far flung acquisitions in contact lenses, ophthalmological therapies, dermatology, cosmeceuticals, anti-aging creams, Botox equivalents, acne fighters, toenail fungus ointments and much more bring to the table? They brought an opportunity to slash thousands of jobs, eliminate R&D and fund massive amounts of goodwill and intangible assets with cheap debt. Valeant not only failed to acquire any significant pharmaceutical developments, but actually went in the opposite direction. That is, it militantly eschewed investment in drug research and development in an industry who's very purpose is the development of new drugs and therapies. Yet the alternative strategy they peddled to the occupants of the hedge fund hotel could only have thrived during the late stages of a Bubble Finance mania. In essence, Pearson and Schiller claimed that the rest of the industry was infinitely stupid, and that tens of billions of market cap could be created instantly by the simple expedient of buying companies with seasoned drugs and then jacking up prices, often by orders of magnitude. In fact, Valeant acquired a reputation for ferociously raising prices. In one year alone the company jacked-up the price of 81% of the drugs in its portfolio by an average of 66%. The point here is not to echo the Hillary Chorus in favor of government drug price controls. Quite the contrary. Despite a crony capitalist inspired patent regime and the endless legal obstacles thrown up by the Big Pharma cartel, the drug market is not immune to the laws of economics. Raise the price of drugs radically enough and you will eventually attract competitors into the market with new formulations that circumvent the patent; or get greedy enough and generics will swamp you on the patent's expiration. Massive, wanton, overnight price escalation is not a business strategy that builds sustainable value. It's a scalping tactic that works in the casino, but not the real world. At the same time, Pearson and Schiller slashed staff and chopped down R&D spending to a comically low 3% of sales. That compares to an industry norm of 12% to 18%. Finally, this Wall Street witches' brew was stirred together in financials that assumed these predatory price hikes would be permanent. The resulting profit projections, of course, had virtually nothing to do with the company's actual results. Thus, in 2014 it earned only $912 million under generally accepted accounting principles (GAAP), but claimed "cash" earnings of $2.85 billion. That meant that at its peak market cap in mid-2015 it was trading at a sporty 32X earnings, but not really. It was actually being valued in the casino at 101X earnings. Needless to say, on the back of that kind of financial scamming, it did not take long to turn Valeant into a veritable debt-mule. Its debt outstanding rose from $400 million in 2009 to $31 billion at present. That's a 78-fold eruption of debt. Valeant has been a veritable cash burning machine during its Wall Street driven M&A spree. During the 27 quarters since the end of 2008, VRX has generated a mere $7 billion in operating cash flow. But it consumed nearly $26 billion of cash on investments and deals. Stated differently, it was a Wall Street Ponzi pure and simple. It has been an absolutely profitless prosperity — not unlike the typical financial engineering driven roll-up. Over this 27 quarter period as a whole, sales totaled just under $30 billion. But its cumulative net income amounted to a miniscule $130 million. That's right. Over the last seven years, Valeant's GAAP profits have amounted to just 0.4% of sales. So why did Valeant's market cap soar from $1.2 billion, when Pearson arrived in 2008, to the recent peak of $90 billion during a period when the company has generated hardly a dime of profits? It was just another case of Wall Street financial engineering and speculative hype at work. It goes without saying, of course, that these Bubble Finance deformations have resulted from the lunatic cheap money and wealth effects levitation policies of the Fed. Financial repression and quantitative easing (QE) deeply subsidize corporate borrowing to fund financial engineering deals. Likewise, zero interest rates (ZIRP) are the mother's milk of Wall Street speculation. It's enabled hedge funds and other fast money traders to build-up positions in rocket ships like Valeant at virtually no cost through the options and dealer financing markets. But it's no mystery why these financial engineering scams happen over and again in financial markets which have been corrupted and disabled by the Fed and other central banks. It's because the deal fees from financial engineering are so lucrative. And because the checks and balance of a healthy free market in finance — such as short-sellers, heavy hedging expense and meaningful carry costs for debt financed speculations — have been destroyed by the central banks. Needless to say, Valeant is not a one-off aberration. It is the epitome of today's speculation swollen and highly combustible financial markets. And the all-powerful central bank which has fueled this dangerous, unhinged casino is now being led by a Keynesian school marm stumbling around in an explosives vest. She apparently has no idea that a 0.38% interest rate doesn't boost GDP. It's an ignition fuse that is fueling the greatest speculative mania in modern history. Valeant's spectacular implosion is no accident. To the contrary, it's the natural product of what the Wall Street casino does. Regards, David Stockman P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post A Scam Called Valeant appeared first on Daily Reckoning. |
| Posted: 25 Mar 2016 12:17 PM PDT This post Ted Cruz is Right About Gold… appeared first on Daily Reckoning. BALTIMORE – Nothing much happening in the stock market yesterday. So, we take this occasion to turn back to the seamy side of life… to the grit and tumble… to the dog eat dog… and red in tooth and claw world of U.S. presidential politics. But uncharacteristically, we rise not to talk smack about the candidates but to defend them. Yes, we always take the part of underdogs, diehards, and lost causes. And today, we take the part of Trump, Sanders, and Cruz – against their critics and calumniers. A stopped clock, they say (too often referring to your editor), is right twice a day. Candidates for the highest office in the United States are right less often. Still, occasionally – whether by accident or insight, we don't know – they have a good idea. And today, we congratulate them for it. Good on You, Trump… First up, Donald J. Trump. Most of his ideas are incredibly bad. Example: He and his arch-rival, Hillary Clinton, were in the news yesterday for criticizing the maker of Oreos for moving the plant where the iconic cookies are made to Mexico. Neither seemed interested in why the cookie maker was leaving. They were too busy shamelessly pandering to people worried about losing their jobs. They are not for "free trade," they say. They are for "fair trade." But the only "fair" trade is free trade. "Fair" can be whatever you want it to be. Which is why "fair trade" restrictions are nothing more than disguised payoffs to cronies and special interests. If they had bothered to look at why the Oreos were rolling south, they would have seen the entire confectionary industry is fleeing along with them. Why? Because the feds put up the price of their main ingredient – sugar – to two to three times the world price. Why did they do that? Because they are "protecting" a handful of millionaire crony sugar growers who give big contributions to the politicians. But let's not get caught up in The Donald's bad proposals. Our destination today is one of his good ones: He wants to pull out of NATO. The entire MBA-ed, bonused-up, chardonnay-sipping Establishment gasped. But it's a good idea. And pull out of the U.N. while you're at it. And every other blood-sucking alliance, NGO, and institution – especially the World Bank and the IMF. These groups take money from honest workers and use it on high salaries, conferences, first-class airline tickets, and dead-end programs. Good on you, Donald, for proposing to cut them off. Bernie's ApostasyWe also read Bernie Sanders' written speech (he was the major candidate who dared not to appear in person) to the powerful pro-Israel lobby group the American Israel Public Affairs Council (AIPAC). Perhaps, as the only Jewish candidate and surely the only one to live in a kibbutz, Bernie thought he could get away with snubbing the group.
The other candidates – including Trump and Hillary – told AIPAC what it wanted to hear. But not Sanders. He used the speech to call on Israel to end "disproportionate responses" to attacks… specifically the "Israeli counter-attacks that killed nearly 1,500 civilians and wounded thousands more" in 2014. The conservative Breitbart News Network – with offices in London, Texas, California, and Jerusalem – was quick to condemn the "five outrages" it found in Bernie's speech. Practically every other candidate and opinion maker saw the speech as more evidence that Bernie was unfit to be president. We didn't care for it much, either. If ever, by mistake or mischief, we are elected president, our foreign policy will be simply: "It's none of our business." That was okay for Washington and Jefferson… "Avoid foreign entanglements," warned Washington. Bernie came close. But neutrality would be asking too much of any real U.S. politician today. The U.S. is an empire. Everyone knows it. No sparrow can fall from a tree anywhere on any of the seven continents without setting off an alarm in Washington. Still, it's a delight to see a candidate for president using a speech to one of the largest sources of financing to say critical things about the organization in front of him. As far as we know, no candidate made a speech to the American Task Force on Palestine, which lobbies for an independent Palestinian state. Bravo, Mr. CruzAnd now, on to our third, and most sincere, act of appreciation. Believe it or not, Ted Cruz has made a "return to the gold standard" campaign promise. Yes, distinguished voice of the Deep State Martin Wolf on the pages of London's Financial Times could barely spit out the words. He regards the gold standard as a priest might view the devil's tail… The Establishment – great and good as it is – can live without NATO. It can survive without Israel, for that matter. But the gold standard would be a stake driven right through its black heart. In a podcast interview with Chris Lowe yesterday for lifetime subscribers of The Bill Bonner Letter, we explained:
At least, that's the way the way it is supposed to work. But that's not the way it does work. And the Deep State… the cronies… the zombies… governments, NGOs… Wall Street, and big business – all depend on this credit-based, corrupt dollar system. Bravo to Ted Cruz for proposing to end it. Like the other good ideas from Trump and Sanders, there is little chance it will be implemented any time soon. Still, we are grateful to Mr. Cruz for bringing it up. Regards, Bill Bonner P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post Ted Cruz is Right About Gold… appeared first on Daily Reckoning. |
| Posted: 25 Mar 2016 11:43 AM PDT Dear CIGAs, Gold is going to a price that will surpass even what Bill and I see on the upside. The price discovery mechanism is trending towards physical. The Comex is ancient history and does not know it. What is a contract written in paper worth if they do not function? The super-rich need their... Read more » The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset. |
| Donald Trump reacts to Brussels attack (Full CNN interview) Posted: 25 Mar 2016 11:40 AM PDT Donald Trump talks to CNN's Wolf Blitzer about the terror attacks in Brussels, Belgium, and what he would do as president to prevent a similar attack from happening in the U.S. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Posted: 25 Mar 2016 11:16 AM PDT The red-hot gold stocks have spent most of March in consolidation mode, grinding sideways near their 2016 highs. Interestingly this month’s rally pause is par for the course seasonally in gold-stock bull markets. Like gold itself, this sector tends to slump to a seasonal low in mid-March before embarking on a strong spring rally in April and May. With gold stocks back in a bull, their seasonality warrants consideration. Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans are creatures of habit and herd, which naturally colors our trading decisions. The calendar year’s passage affects the timing and intensity of buying and selling. |
| JSMineset Gold About To Go Live! Posted: 25 Mar 2016 10:39 AM PDT Dear Friends, Bill Holter and I have decided to officially launch our new premium website. This deluxe version of JSMineset will be known as JSMineset Gold. By subscribing, you will have access to additional content and up to the minute interviews and Q&A sessions. The premium version of JSMineset is advertisement free and will include... Read more » The post JSMineset Gold About To Go Live! appeared first on Jim Sinclair's Mineset. |
| Bullard’s Words Boost The Dollar Posted: 25 Mar 2016 09:03 AM PDT This post Bullard’s Words Boost The Dollar appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day, and a happy Friday to one and all! That would be apropos (no thinking) given there hasn’t been much thinking going on in the markets for some time now. We could go back to when the markets were pumping up the coffers of Greece, know all the while that Greece would never be able to pay them back, and so on. Shoot Rudy, we could go back even further if we wanted with TARP, cash for clunkers and rebates, but that would be reopening old wounds, and that sounds nasty, so we’ll skip that for today! But skipping ahead to today… We’ve still got a stock market floating around the room looking for a pin, bond yields with “real negative yields”, and a dollar that goes along as if it doesn’t have over $200 trillion in debt hanging on it, as Professor Lawrence Kotlikoff says. The dollar holds the conn again this morning for the sixth consecutive day. Yesterday, the dollar got a boost from Fed St. Louis president, James Bullard, who told the markets that the Fed “may be getting close to lifting rates again.”After the gasp from the crowd, he added a caveat that many didn’t hear; “Provided growth continues as forecast”. Hmmm, would that be the growth in the economy that was illustrated yesterday with a negative print of Durable and Capital Goods Orders for February? Go ahead and prove to me that you have “real economic growth”, and not the kind that is underpinned by Gov’t spending, when businesses aren’t buying equipment. At least this morning it’s not an all-out assault by the dollar, as the petrol currencies have carved out gains, with the Russian ruble posting the best performer title this morning. The gains the petrol currencies have carved out are very tiny. The price of oil rose a bit yesterday, not a lot, but a bit, and that helped the petrol currencies that include the currencies from Norway, Russia, Brazil, Canada and Mexico. I thought the petrol currencies traders had given up moving their respective currencies every time the price of oil moved an inch or two. But apparently not, because that’s what the price of oil did yesterday, move an inch or two. But you won’t see me, or hear me complaining about these moves. They just make me scratch my balding head. Gold wrapped a tourniquet around their open wound to stop the bleeding it had done for the last couple of days. I was reading Ed Steer’s letter this morning, and he noted that every time gold attempted to move past the previous day’s low, it was met with resistance, with three notable push-backs coming within an hour of the close of the COMEX. I shake my head in disgust at this stuff folks, and wonder when the regulators are going to do something about it, but knowing all along that they never will. Anyway, gold ended the day down $3 ($3.40) and at a low price for the month, which had held so much promise until this week. Oh, and don’t think for a minute that the other precious metals of silver, platinum and palladium have escaped the massive selling in gold. I still have my focus set on the first week of April, which is when the Chinese will begin their renminbi denominated spot pricing of gold. I know that a lot of hope has been centered on this implementation by the Chinese, as it could end the paper trading and the short trades that total more than the metal above ground. I don’t believe this implementation is going to work wonders right away, but eventually, maybe, just maybe, you never know, it might! Well, I already gave away the milk above when I told you about the Durable and Capital Goods Orders. But for those of you keeping score at home, Durable Goods Orders for February were negative -2.8%, and January’s positive number was revised downward. Capital Goods Orders also saw a negative number of -1.8% in February, and their January number was also revised downward. The Markit PMI (manufacturing index) gained less than expected, rising to just 51 instead of the 51.4 forecast, but well ahead of the January 49.7 print. As I told you yesterday, the markets don’t particularly pay attention to these Markit reports, and they didn’t yesterday. Today’s U.S. Data Cupboard has a final print on fourth QTR GDP. That works out well, since we’re about to end the first QTR. Which by the way my GDP Tracker has running about 1.7%, which would be a pickup from the 1% fourth QTR total, that I believe will print today. Besides GDP, we’ll also see the Fed’s preferred inflation data, the PCE (Personal Consumption Expenditures). I don’t expect any major changes to the PCE, but I would think James Bullard is, given his upbeat talk yesterday. Thank goodness for Ed Steer’s letter on days like this. Ed’s letter pointed me to a story on Zerohedge.com that can be found here, or you can view the snippet:
Chuck again. I’ve said it before and I’ll say it again, the economy is going nowhere, and when the sunshine and lollipops kids realize this, we can get to reality. That’s it for today. Happy Easter to those of you who celebrate it, like I do, I hope you have a nice Good Friday/Holy day, and that you get to head to fantastico Friday. And please, be good to yourself! Regards, Chuck Butler P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post Bullard’s Words Boost The Dollar appeared first on Daily Reckoning. |
| Powerful Prophecy of Coming Destruction, and Israel Attacked Posted: 25 Mar 2016 07:08 AM PDT Israel is attacked by missile coming out of Libya, and the USA suffers major devastation around same time, and much much more. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Pre-1965 Silver Pocket Change Provides Investors With an Economic Future Posted: 25 Mar 2016 05:42 AM PDT Among all the choices you have for gold and silver bullion, genuinely historic metal is still around at reasonable prices. The runaway classic is ninety-percent U.S. silver coinage. The lyrical ring of a handful of silver coins speaks not only to the history of the United States but also the entire heritage of sound money. Simply put, pre-1965 silver used to be called "pocket change." Everyone had some, saved some, spent some. Silver money was a natural part of everyday life. |
| The 'Dangerous Obsession' with Gold Posted: 24 Mar 2016 08:28 AM PDT "Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory." Bernard Baruch "The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented [by paper money], cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver." Adam Smith, Wealth of Nations, p. 262 |
| US Dollar Rebound Spells Further Downside for the Kiwi Dollar Posted: 24 Mar 2016 08:18 AM PDT With rhetoric for US rates hikes ramping higher while other advanced economies across the globe consider the merits of additional accommodation, the US dollar has found itself on the mend after several weeks of softness. Even though US macroeconomic data has been mixed and at times disappointing, first quarter growth is projected to be strong, paving the way for additional tightening while countries such as New Zealand contemplate lowering benchmark rates even further. |
| GLX, GLDX, Baby Gold Bull Market Stillborn? Posted: 24 Mar 2016 04:42 AM PDT Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market.. Did the baby bull die at birth ? Maybe , but I’ll need to see more proof that the bear market for the precious metals stocks, that ended on January 19th of this year is back. During a bull market it’s nice to see new highs being made even if it’s for the short to intermediate term time frame. Then to confirm a new uptrend we need to see higher highs and higher lows being made. Since the January 19th low we’ve seen the PM stock indexes making higher highs but we’ve not seen a higher low put in yet because the rally has been so strong. Tonight I would like to show you the new bull market for the GLDX, global explores, using horizontal support and resistance lines. You can apply the same principal to the other precious metals stock indexes like the HUI or the GDX. |
| Posted: 24 Mar 2016 04:28 AM PDT India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India. According to the World Gold Council, upwards of 50% of Indian demand for gold is destined for weddings. Gold is ingrained in the culture and a part of their belief system. Not only is it integral to weddings, gifts of gold are common for anniversaries, birthdays and religious festivals. Gold jewellery is not regarded solely as adornment. It is a store of wealth. At one time it was widely accepted that women could not own anything except for their gold jewellery. That custom still prevails outside the major cities. Gold has spanned centuries and millennia in India. |
In a time when radiation exposure from a number of sources, including air travel, nuclear power, and former testing grounds seems unavoidable, any news of radio-protective substance is 
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