from King World News

Yesterday King World News reported that a major swap dealer, who is heavily upside down on short positions in the gold market, is now in trouble. KWN then posed the following question:

If the price of gold continues to surge, will some of the entities who are over-exposed short the gold market go insolvent? Or will the price of gold be brought down so the troubled shorts can regroup?

And today, all the sudden…

Well, some price capping in the gold market has been quite apparent in the last couple of trading sessions, but today it was reported that $5 billion of panicked paper gold futures selling occurred right after the physical market closed in London. But what really happened? Was it really panic or something else?

Continue Reading at KingWorldNews.com…

by Joshua Krause
The Daily Sheeple

This, right here, is where the term “presstitutes” comes from.

Is there anyone left who still thinks we get “news” from these people? We have turned a corner in this country, propaganda-wise. It’s full-on and blatant now. They aren’t even trying to pretend not to be puppets.

They just simply are puppets.

The scariest part is when a guest starts in with, “A girl who was raped by a pedophile that Hillary Clinton bragged about getting off—” And a female talking head at CNN rolls her eyes and cuts him off with “OH COME ONNNN” like that’s just so tired and boring and she’s just so over it already… when there’s audio of Hillary herself laughing about getting said pedophile who she obviously believes is guilty off on a technicality, so if anything, it’s one the most corroborated talking points that should be discussed that exists!

Continue Reading at TheDailySheeple.com…

by Chad Shoop
The Sovereign Investor

Taxes — a “four-letter word” for most people who bring home a paycheck.

But the reality is that taxes are also a measure of your prosperity. The more taxes you pay, the more income you bring home that year.

While I hate paying taxes, mainly because of the wasteful spending our government uses it for, I know that as I pay more taxes, I am making more money.

When compiled on a large scale, it is a sign of how strong the economy is as a whole.

As the government collects more taxes, it means our economy is growing.

Continue Reading at TheSovereignInvestor.com…

by Chris Campbell
Laissez Faire Books

Reporting from Tijuana, Mexico…

Happy Friday! Now, it’s my job to destroy it! [Cue the booming evil laughter].

Today, we’re going to ruin your Friday with three reasons the government sucks this week.

Let’s begin…

1.] DEA Refused to Reschedule Marijuana

Continue Reading at LFB.org…

from Zero Hedge

Moments ago, when we showed the newly released Clinton 2015 tax return, we posted a rhetorical question: “how much of the Clinton charity donations went to the Clinton Foundation? Taking a deduction for contributing to the employer of your daughter and expense payer of your husband is awesome.”

We now know the answer: as page 29 of the tax return reveals, of the $1,042,000 in charitable cash contributions, exactly $1 million went to, you guessed it, the Clinton Family Foundation, whose expenses pay among others those Clinton family members and friends employed by the foundation, like Chelsea Clinton who happens to be the foundation’s Vice Chair. Is this the ultimate Clinton reacharound?

Continue Reading at ZeroHedge.com…

by Marion Dakers
Telegraph.co.uk

Never mind the train strikes – the most damaging walkout of the summer won’t be the RMT members at Eurostar and Southern, but the refusal of the City’s bond­holders to join the Bank of England’s latest scheme to boost the economy.

The sellers’ strike on Tuesday, as bondholders declined to take the Bank’s generous offer to buy government debt above the odds, left just £52m on the table out of a possible £1.17bn – but it could be the first of many small shortfalls in the stimulus programme over the coming months.

Numerous big investors have said the pension funds that own these reliable bonds to match their massive liabilities are in no mood to part with them, and this reluctance will only push the price higher, weakening the returns they can get.

Continue Reading at Telegraph.co.uk…

by Mac Slavo
SHTF Plan

Russia has unveiled a secretive new technology that could give it the upper edge in clandestine operations and electronic warfare.

They have claimed success in the attempt to create an invisibility cloak, as RT reports:

A Russian defense company has created a “cloak,” which it says can make electronic objects invisible to enemy radar. The aim of the fiber technology, which is used in the cloak, is to make weapons invisible to prying eyes and detection systems.

The St. Petersburg-based company Roselectronics has come up with the invention and says it can make weapons that use thermal, infrared, and electromagnetic radar in targeting invisible.

Continue Reading at SHTFPlan.com…

by Adam English
Outsider Club

Last weekend, I went over the buying frenzy going on behind the scenes among gold miners and producers.

Today, I want to expand on why this won’t be an isolated event. There is a sustaining reason why this should continue for years to come.

We’re all familiar with peak oil. At a certain point the easy-to-get oil will be gone, extraction will get more expensive, and production will steadily decline, never to hit new highs.

The thing is, the same can apply to any finite resource. This is especially true for gold, silver, and other high-value metals that are exceptionally rare.

Continue Reading at OutsiderClub.com…

by Greg Guenthner
Daily Reckoning

The American consumer is washed up.

Traditional brick and mortar retailers are shuttering left and right. The entire sector is falling apart as malls are gutted and folks spend their money shopping online.

Sound familiar? I thought so…

Most investors have ditched the retail sector for good. But today, you’re going to see how you can actually make quick gains by betting on these maligned retail stocks. More on that in just a second…

At the very beginning of the year, we were able to capitalize on a sharp rebound in brick and mortar retailers.

Continue Reading at DailyReckoning.com…

by Bill Bonner
Acting Man

Corrupt and Unsustainable

James has been a big help. Trying to get him to sleep at night, we have been telling him fantastic and unbelievable bedtime stories – full of grotesque monsters… evil maniacs… and events that couldn’t possibly be true (catch up here and here).

[…] Yes, we have been explaining our modern money system… and coming to understand it better ourselves. The boy, just 14 months old, has probably missed some of the subtle points. But we feel confident that he got the gist of it. He knows the system is corrupt and unsustainable. He probably wonders how it will end; so do we.

Like a child that has climbed a ladder when no one was looking, U.S. stocks are near an all-time high. Soon, its parents will startle awake and try to get it down without injury. For the last five straight quarters, U.S. corporate earnings have fallen, while stocks have gone up. This divergence is not likely to last much longer.

Continue Reading at Acting-Man.com…

Central bank is urged to focus on QE instead by IMF analysts

by Sara Sjolin
Market Watch

Economists at the International Monetary Fund are urging the European Central Bank to stop yanking interest rates further into negative territory, warning it will take a toll on the region’s already struggling banks and reduce lending to businesses and households.

In a blog post on the IMF website, economists Andy Jobst and Huidan Lin say any additional cuts that would push rates further below zero will encounter diminishing returns and threaten, at this point, to do more harm than good.

“Further policy rate cuts could bring into focus the potential trade-off between effective monetary transmission and bank profitability. Lower bank profitability and equity prices could pressure banks with slender capital buffers to reduce lending, especially those with high levels of troubled loans,” the analysts said on the blog.

Continue Reading at MarketWatch.com…

from GoldSwitzerland

by Phoenix
US Chronicle

A Texas couple has been found guilty of engaging in forced labor of their two “servants,” and a judge, who was disgusted with their actions, has banished them from the United States.

Hassan al-Homoud, 46, and his wife Zainab al-Hosani, 39, pleaded guilty to the crimes of holding a person against their will, and forced labor, otherwise known as SLAVERY. They tried to convince the judge that their actions were acceptable because their Prophet Muhammad, the creator of the religion of Islam, kept slaves of his own. Therefore, any punishment that they received would be Islamophobic.

District Judge Orlando Garcia was having none of that. Nor did he chance having the couple go to an American prison where they might be out on good behavior, and then possibly resume their religion inspired actions.

Continue Reading at USChronicle.com…

from RonPaulLibertyReport

by Alasdair MacLeod
Gold Money

Last Friday (5 August) the US dollar jumped on better than expected payroll figures, and spent the first half of this week easing as the excitement wore off, before rallying again yesterday.

Gold and silver reflected these moves in reverse, falling heavily last Friday, recovering two-thirds of the fall by Wednesday’s US opening, then falling back yesterday. Gold rose only $7 net from Monday’s opening of $1333 to $1340 by early this morning UK time (12 August) and silver by 40 cents from $19.60 to $20.00.

Gold has essentially paused, the moves being a mirror-reflection of the moves that are coming from the dollar side of the price.

Continue Reading at Wealth.GoldMoney.com…

from RT

by Simon Black
Sovereign Man

The year was 1986.

Top Gun was the #1 movie in America.

Halley’s Comet was visible with the naked eye.

Microsoft went public, instantly making Bill Gates one of the wealthiest people in the world.

And the US government took in $93.7 million through a little known authority called “Civil Asset Forfeiture”.

Continue Reading at SovereignMan.com…

from ReasonTV

by Pam Martens and Russ Martens
Wall Street on Parade

Yesterday we published our 1,007th article here at Wall Street On Parade on the insidiously corrupt financial system in the United States known as Wall Street. It’s a system that now operates as an institutionalized wealth transfer mechanism that is hallowing out the middle class, leaving one of every five children in our nation living in poverty, while funneling the plunder to the top one-tenth of one percent.

Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington, while enshrined by a political campaign finance system that recycles a portion of the plunder to ensure greater plunders, will inevitably leave the nation’s economy in tatters — again. That’s because systemic corruption and legalized bribery within the financial arteries of the nation can only create grossly perverse economic outcomes.

Continue Reading at WallStreetOnParade.com…

from Bill Still

by Charles Hugh Smith
Of Two Minds

Ironically, autarky and these cultural dynamics arise from decentralization and the free flow of information, not one-world centralization.

In my recent essay Could the Deep State Be Sabotaging Hillary? I wrote:

“An increasingly powerful sector of the Deep State views the neo-con agenda as a disaster for American interests, and is far more focused on the Long Game of energy, food security, economic and military innovation and a productive response to climate change.”

This runs counter to the conventional view that the U.S. Deep State is rabidly attached to the neoconservative liberal hegemony model of geopolitical hard power. If you want some evidence for this shift, please read this essay from the journal of the Deep State, Foreign Affairs; if you read this carefully, you will find a devastating critique of the neo-con strategy and an alternative strategy based on autarky, a topic we’ll discuss in a moment.

Continue Reading at OfTwoMinds.com…

from Learn Liberty

from Zero Hedge

Having detailed Clinton-appointee Loretta Lynch’s DoJ push-back against the FBI’s Clinton Foundation probe, it seems Director Comey has decided to flex his own muscles and save face as DailyCaller reports, multiple FBI investigations are underway involving potential corruption charges against the Clinton Foundation, according to a former senior law enforcement official.

As we previously noted, a US official has told CNN…

At the time, three field offices were in agreement an investigation should be launched after the FBI received notification from a bank of suspicious activity from a foreigner who had donated to the Clinton Foundation, according to the official.

Continue Reading at ZeroHedge.com…

from misesmedia

by Martin Armstrong
Armstrong Economics

Tracking Everyone: Hunting for Money on Trains and in the Air

Private Blog – Gold & the Slingshot

Continue Reading at ArmstrongEconomics.com…

from Trends Journal

by Doug Casey
International Man

See here for Part III

Now to gratify the Druids among you.

Soil exhaustion, deforestation, and pollution—which abetted plagues—were problems for Rome. As was lead poisoning, in that the metal was widely used for eating and drinking utensils and for cookware. None of these things could bring down the house, but neither did they improve the situation. They might be equated today with fast food, antibiotics in the food chain, and industrial pollutants. Is the U.S. agricultural base unstable because it relies on gigantic monocultures of bioengineered grains that in turn rely on heavy inputs of chemicals, pesticides, and mined fertilizers? It’s true that production per acre has gone up steeply because of these things, but that’s despite the general decrease in depth of topsoil, destruction of native worms and bacteria, and growing pesticide resistance of weeds.

Continue Reading at InternationalMan.com…

from perpetualassets

by Eric Peters
Eric Peters Autos

It’s one thing to be told you must obey the law. But what being told to obey a cop who is acting contrary to the law?

This happens routinely – and (usually) without consequences.

For the cop, that is.

Here are a few examples:

In many states, it is still legal to “open carry” – that is, to openly carry a firearm on one’s hip (in a holster) or a rifle slung over one’s back… and so on. That is the law. Cops are supposed to know the law as well as enforce the law.

Continue Reading at EricPetersAutos.com…