from Kerry Lutz's Financial Survival Network
John Rubino and Kerry discussed the recent highs and lows of the gold and silver market, with Rubino explaining the concept of resistance and support in trading. They speculated on whether gold will drop to $2000 and bounce back up, which would indicate a bull market. Rubino also mentioned the macro reasons for a possible recession and how it could affect the precious metals market, with Lutz suggesting that this could be a “back up the truck moment” for buying gold. They also discussed the potential impact of ETFs on the cryptocurrency market, with John suggesting that the ETFs could be a significant new source of demand that sends Bitcoin and Ethereum up dramatically.
The conversation also touched on the possibility of a false flag attack in the Middle East to justify going to war, with Rubino expressing concern that some in the US government would like a US-Israeli alliance to destroy all perceived enemies in the region. They both urged caution and verification of any information coming from the government. Additionally, they engaged in a lively discussion about the upcoming election and the various scenarios that could occur, including scandals, health emergencies, and convictions. Overall, the conversation highlighted the unpredictability and uniqueness of the current political and economic climate.
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Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes.
Do you know why I put two sets of quotation marks around the word “”markets?””
A recent global assessment of 15-year-olds’ math and reading skills shows that the United States lags far behind its peer nations in math while performing unexpectedly well in reading. The Program for International Student Assessment (PISA) test compares students from over 100 countries. The results from the 2022 test, the first since the pandemic, show major declines in American students’ math performance and a surprising stability in reading scores.
Job openings in construction near record; job market retightens in manufacturing and in business & professional services where many tech companies are.
Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency, and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy.
Karen Kingston is a biotech analyst and former Pfizer employee who says Texas AG Ken Paxton’s recent lawsuit is charging Pfizer for many “lies” about their CV19 vax being safe and effective. Kingston contends this is going to begin a great awakening to the murders and disease caused by these injections. Many doctors now say the CV19 vax did not help a single person. Let that sink in. Kingston explains, “What Paxton and his team are going to do is expose thousands and thousands of lies that you were told by Pfizer and, specifically, CEO Albert Bourla. Albert Bourla went on a campaign of deception and a lying spree that resulted in a killing spree, and Bourla knew it. Ken Paxton and his legal team are charging Pfizer under the Deceptive Trade Practices Act of Texas. There are five counts they are being charged with across 18 violations. The 95% efficacy was not what you thought it was. . . . There was no evidence that it would stop transmission and infecting others. There was no evidence it worked against the variants. Then . . . there was the charge of scheming to suppress the truth about the failing vaccine. . . . This is huge.”
Representatives and witnesses highlighted concerns for girls and women during a contentious hearing on Tuesday challenging the Biden administration’s proposed changes to Title IX, which would effectively broaden the definition of sex to include “gender identity.”
President Joe Biden’s administration has awarded $6 billion in federal infrastructure spending to California for two high-speed rail projects — one, a failing public-sector effort by the state; the other, a private rail line from Southern California to Las Vegas.
Last night, in his third town hall appearance on FOX News since last June, former President Donald Trump said he believes that President Joe Biden will not be the Democrat party’s nominee for president next year.
Is your job safe? According to the Bureau of Labor Statistics, there were more than 13 million layoffs and discharges in the United States during the first nine months of 2023, and now “layoff season” has arrived. As the end of the year approaches, companies start taking a hard look at the bottom line, and that can result in harsh job cuts. When I was growing up, most large companies would at least wait until after the holiday season to shove workers into the street, but these days they just don’t care. The moment you are no longer considered to be an asset, they will throw you aside like a rotten fish. We live in a cold, cruel world, and that isn’t going to change any time soon.
All civilization has disintegrated, not just Western civilization. This fact is obvious from the entire world sitting watching, perhaps as entertainment as Romans watched death in the Colosseum, the Genocide of Gaza. The “moral democratic” US government rushes more bombs and money to enable Israel’s genocide of Palestine. European governments call the genocide “Israel’s right of self-defense.” Christian Zionists justify genocide in Christ’s name. In Europe those whose moral conscience drives them to protest are arrested. In “free and democratic” UK waving a Palestinian flag is cause for arrest. The Muslim world does nothing, displaying its total impotence and lack of self-respect. And the Russians and Chinese sit there and allow the US and Israel to remake the Middle East in their interest, a development that will increase the power of evil.