from The Daily Coin.org
Gold and Silver as Monetary Metals
by Jeff Nielson
Bullion Bulls Canada
Informed readers will be well-acquainted with the fact that gold and silver are “monetary metals”, since this property of precious metals is widely reported. Where readers will have far less clarity is in terms of what this actually means, since it is rarely (if ever) explained.
Referring to gold and silver as monetary metals means far more than the simple fact that gold and silver are “money”. Indeed, it implies more than the fact that gold and silver are (both) Good Money. What makes gold and silver monetary metals is the fact that they represent the perfect standard and/or metric to reflect changes in our monetary system. It is this property of reflecting such changes that makes gold and silver monetary metals.
The Latest Updates from King World News – 2016.08.14
from King World News
We Are Now Only Months Away From The Worst Global Crisis In History
China Is About To Shock The World With Its Next Move
Rick Rule – After Gold’s Biggest Surge In 36 Years, People Should Do This Right Now
Money Is Now Pouring Into Gold & Silver Mining Stocks
ALERT: BIS Intervenes In The Gold Market To Aid Battered Gold Shorts!
Is College Worth It?
The $1.4 trillion question gets harder to answer as a record number of Americans attend universities.
from My Budget 360
One of the most perplexing questions on the minds of young Americans today is whether college is worth the associated tuition cost. It is rather humbling to see that $1.4 trillion in student debt is outstanding today. That is more than auto debt and credit card debt. College tuition has outpaced virtually every category that is tracked in our inflation measures. It has out run housing prices. It has left healthcare in the dust. It has crushed wages which are stagnant for nearly a generation. The last item is probably the most important measure to examine. If college is worth it, why have wages gone stagnant all the while tuition prices continue to go up? Is it because of federal loans? Is it because of mega complexes being built? Or is there something else going on?
Mainstream Media Finally Admits Bias
Say what you will about this 2016 Oval Office puppet (s)election cycle, it is accelerating the breakdown of the old media dinosaurs and their establishment journalism system.
from The International Forecaster
Stop the presses! The mainstream media are acknowledging that they are biased! As Captain Renault would no doubt observe, “I’m shocked–shocked!–to find bias going on in these establishments!”
OK, alright, all kidding aside this will come as no surprise to my regular readers. In fact, as you’ll remember it was just a couple of months ago that I wrote about how all journalists and all news outlets are fundamentally biased. But in the past the MSM has always pretended to be telling you “the way it is.”
Well, not anymore. On at least three separate occasions this month alone major mainstream outlets have openly admitted their political bias.
First there was New York Times’ Public Editor Liz Spayd’s column “The Clinton Story You Didn’t Read Here” where she criticized the paper for not covering the story of Hillary Clinton’s pants-on-fire interview with Fox where she lied about her lies about the email scandal (talk about meta!).
How to Write a Fable
by Hardscrabble Farmer
The Burning Platform
Once upon a time there was a farmer. He lived in a modest house at the edge of a great, dark wood with a wide field in front and a clear running stream at the bottom of the land. He had a young wife who bore him many healthy children and together they worked the land and tended their field. Life was good for them, with warm sunny days and bountiful harvests. There was always the sound of laughter and of puppies barking and cows lowing in the field. The orchard that they planted grew strong and the barn was filled with sweet hay to feed their livestock.
One day the farmer and his wife sat together and looked out upon their field with pride.
Gold and Silver – Panic Precious Metals Selling by Elite Overt
by Michael Noonan
Market Oracle
The Military Industrial Complex [MIC], economic war, and massive amounts of newly created debt, year after year after year, have the common purpose of protecting the Federal Reserve fiat Ponzi scheme to preserve the failing “dollar” as the world’s reserve currency. Except for phony accounting, all banks are failing, massively underfunded and totally insolvent. Everything possible is being done to prop up these banks to keep the illusion of financial stability alive, even resorting to stealing from depositors.
Why anyone maintains fiat money in a bank is a mystery defying fiscal self-responsibility. All retirement accounts, at least in the United States, will be subject to government confiscation replacing everyone’s investments with worthless government bonds. After all, who more than the federal government can better manage your own funds?!
The Week in Review: August 13, 2016
by Mises Institute
Mises.org
This week the world’s attention turned to Rio this week with Brazil’s Olympics games. As the biggest corporatist scam of all time, these games have cost the Brazilian people $12 billion dollars, most of it going to the pockets of the politically well connected. Hopefully the obvious injustice will help spur more Brazilians to follow Rothbard’s example and learn to hate the state. Like their neighbor Venezuela, the Brazilian people will have to choose between capitalism or chaos. Luckily the growing success of Austrian economics in the country still offers it the chance to finally live up to the hype of being “the country of the future.”
America’s “Humanitarian War” Against the World
by Prof. Michel Chossudovsky
Global Research
The following text is a point by point thematic summary of Prof. Michel Chossudovsky‘s presentation at the Science for Peace Conference, Academy of Sciences, Malaysia. Kuala Lumpur, 15-16 August 2016
Introduction
Historically, science has supported the development of the weapons industry and the war economy. “Science for Peace” indelibly requires reversing the logic whereby commissioned scientific endeavors are directed towards supporting what President Eisenhower called “The Military Industrial Complex”.
What is consequently required is a massive redirection of science and technology towards the pursuit of broad societal objectives. In turn, this requires a major shift in what is euphemistically called “US Foreign Policy”, namely America’s global military agenda.
The Emperor Wears No Clothes but Who Else Dares to Say So?
by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
Somebody smashed the gold price out of the blue today, with no particular news developments to explain it:
http://www.chartseeker.com/images/AU-24HR-LG.png?r=463917316745.4918
Zero Hedge asserts that the smash was accomplished by the dumping of $5 billion in paper gold:
http://www.zerohedge.com/news/2016-08-12/european-close-sparks-selling-p…
King World News charges that it was done by the Bank for International Settlements —
The Most Successful Investments Have Two Things in Common
by Chris Mayer
Daily Reckoning
I’m going to tell you a remarkable story…
It illustrates the two key factors that go into a successful investment. Together, they’re the surest way I know to score life-changing wins. And they apply to just about any asset, regardless of what the economy is doing.
I was in New York City recently having breakfast with Ken, a longtime reader and friend. Ken is a sharp-tongued New Yorker who tells you exactly what he thinks, good and bad. He runs a small hedge fund in Connecticut. And made a lot of money in the 1980s and 90s riding stocks like Home Depot and Wal-Mart.
But his best investment ever wasn’t in stocks…
All-Time Highs For Stocks – The Real Reason
by Mike Meyer
Daily Pfennig
Last week, the S&P 500 Index and the NASDAQ both hit all-time highs. And, a lot of investors are scratching their heads as to why.
After all, as readers of the Daily Pfennig® newsletter are aware, corporate earnings haven’t been that great. In the first quarter of 2016, year-over-year earnings were actually down 6.7%. So far in the second quarter, earnings are down 3.5% compared to last year’s second quarter. So, what gives?
The economy isn’t booming. As we pointed out last week, gross domestic product (GDP) growth in the second quarter was a big disappointment as the U.S. economy only grew 1.2%, which was well below Wall Street expectations of 2.6%.
So How Bad is Media (and Social Media) Bias in This Election?
by Michael Krieger
Liberty Blitzkrieg
Earlier today, I came across an interesting article about media (and social media) bias related to the 2016 Presidential election. The piece was published in the Observer and titled, Tech Companies Apple, Twitter, Google, and Instagram Collude to Defeat Trump. Here are a few excerpts:
The usual suspects from left-leaning major media outlets like The New York Times, MSNBC, CNN and even entertainment networks are doing everything in their power to ensure a Clinton victory. Look no further than to Wolf Blitzer mincing around and drinking wine at the Democratic convention, celebrating Hillary’s nomination. But the propaganda skewing this election runs much deeper than just the media: our iPhones, iPads, social media networks, Google and even video games are all in the tank for Hillary Clinton—and it’s chilling.
Hillary’s Top Aide Huma Abedin Confirms: “She’s Often Confused”
by Mac Slavo
SHTF Plan
Hillary Clinton’s long-time aide and campaign insider Huma Abedin may have inadvertently confirmed that Hillary Clinton’s mental and physical health are deteriorating. In a private email sent via Clinton’s unsecured server and released after a Freedom of Information request by Judicial Watch, Abedin exchanges emails with State Department aide Monica Hanley and notes that Hanley must go over material with Clinton because she is often confused.
Via Breitbart:
On January 26, 2013, Abedin had the following email exchange with Hanley:
- Abedin: Have you been going over her calls with her? So she knows singh is at 8? [India Prime Minister Manmohan Singh]
Panic? China is Hoarding Cash at the Fastest Pace Since Lehman
from Zero Hedge
The last few months have seen trillions of dollars of fresh credit puked into existence in China to enable goal-seeked growth numbers to creep lower (as opposed to utterly collapse). The problem is… the Chinese are hoarding that cash at the fastest pace since Lehman as liquidity concerns flood through the nation.
China’s M2, a broad gauge of money supply including savings deposits, rose at the slowest pace in 15 months and trailed the government’s full-year target of +11% in July. But, as Bloomberg details, by contrast, M1, the total of cash, checks and demand deposits, rose at the quickest pace in six years…
Discovery of Bulgarian Old Gold Supports the Evolution of Private Money
by Daily Bell Staff
The Daily Bell
World’s Oldest Gold Object May Have Just Been Unearthed in Bulgaria … A small gold bead shows that Copper Age people in the Balkans were processing gold 6,500 years ago… – Smithsonian
This gold bead further confirms the maturity of private monetary history in our view.
Reference.com tells us, HERE: “The existence of gold has been known for over 5,500 years; therefore, the exact location of its discovery is unknown.”
Now Smithsonian, above, has reported that humans were manipulating gold 6500 years ago.
But we’ve often argued that gold (and silver) were seen as “precious metals” many more thousands of years ago than that. Maybe older gold items don’t survive today because when people discovered them, they were recycled.
Guest Post: Clinton Foundation & Crooked Hillary in More Trouble
by David Kranzler
Investment Research Dynamics
IRD Note: I am not a Trump supporter or advocate. In fact, once again I’ll maintain my streak of not voting in any election of any kind since the 1992 election. Your vote does not matter other than it perpetuates a completely corrupted political system that no longer bears any characteristics of having even been a Constitutional democracy.
Having said that, I feel strongly that Hillary Clinton needs to be stopped if at all possible. The depths of her corruption, immorality and depravity know no bounds. Perhaps the most mind-blowing aspect to Clinton’s campaign is the willingness of her supporters to ignore and all evidence or documentation which details her criminality. It just does not matter to them.
Weekend Edition: China’s New Silk Road to Make a Big Move in Gold
from Casey Research
Editor’s note: Today, we’re sharing one of the biggest stories you’re not hearing about…
China is hard at work on the largest, most ambitious infrastructure project in history. Below, International Man editor Nick Giambruno breaks down why the U.S. should be worried… and why this project could send gold to the moon.
————————————————
By Nick Giambruno, Senior Editor, International Man
It’s one of the great engineering achievements in history…
At 48 miles long, the Panama Canal cuts through a narrow strip of land in Central America.
Blessed by Misfortune
by Bill Bonner
Daily Reckoning
It’s still way too early to know if the bull market trend of the last seven years has run its course. Mr. Market may be exhausted from all this running uphill. Or he may be just toying with us. We will wait to see.
When prices go in your direction, you’re asking for trouble. No need to think; you know it all already. No need to worry, either; just sit back and let the money come to you. Until it doesn’t.
You are much better off when the financial news goes against you. Then you have to wonder about your premises, your emotions — and your sanity.
Hardly a day goes by that we don’t thank our lucky stars.