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It’s Raining Diamonds, Plus a Look at the Haves and the Have Nots

from King World News

It’s raining diamonds, plus a look at the haves and the have notes.

The Haves And The Have Nots

July 24 (King World News) – Gerald Celente: “Global net wealth staged a significant recovery in 2023, growing by 4.3% after a difficult year in 2022,” according to the annual Global Wealth Report prepared by the Boston Consulting Group.

Assets of the 73,000 ultra-high-net-worth individuals—the “ultra-rich”—rose to about $400 trillion. Financial wealth—cash-related assets rather than real estate, commodities, and other non-financial possessions—gained almost 7 percent after shrinking 4 percent in 2022.

Continue Reading at KingWorldNews.com…

The American Tradition of Abolishing Central Banks

by Thomas J. DiLorenzo
Mises.org

In discussing the Mises Institute’s June 24th full-page Wall Street Journal ad entitled “Who Needs the Fed?” on talk radio recently most of the interviewers naturally expressed skepticism over whether the Fed could ever actually be abolished and a gold-and-silver standard reinstituted. It reminded me of something Murray Rothbard said about this. If the government had monopolized say, shoe production a hundred years ago and someone suggested the privatization of shoe production, there would be cries of: “Who will make shoes? The government has always made shoes!”

Well, America has not always had a central bank and in fact, the three precursors of the Fed — the Bank of North America, the First Bank of the United States, and the Second Bank of the United States — were all abolished in the eighteenth and nineteenth centuries. It happened then, and it can happen again.

Continue Reading at Mises.org…

AI Threats to Financial Stability: Can Gold & Silver Provide Shelter? with Darryl Schoon

from Kerry Lutz's Financial Survival Network

Kerry and Darryl Schoon discussed various topics related to the impact of AI, the fragility of complex systems, and the significance of gold and silver in the financial industry. Darryl expressed his doubts about AI’s ability to distinguish truth from information and highlighted the limitations of information in solving problems. He also discussed the consequences of central banks’ actions on the financial community and the economy, emphasizing the challenges faced by both in managing the liquidity of the economy. The conversation also explored the risks within the financial industry, the prioritization of profit over safety, and the societal impact of these issues. Finally, they discussed the essential role of gold and silver in navigating through economic challenges and preparing for the next cycle of growth.

Click Here to Listen to the Audio

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Who’s in Charge: Pelosi, Obama, or the Clintons?

by Christopher Chantrill
American Thinker

Frankly, as the ladies say, I am “exhausted” after a week of assassination attempts, Secret Service blame dodging, and Donald Trump infuriating the noblesse by ad-libbing his acceptance speech.

But it all comes down to this. If we elect Donald Trump president in November we are likely voting for three things.

First, we are voting to stop illegal immigration.

Second, we are voting to stop the Green New Scam.

Third, we are voting to grow the economy.

Okay, I can think of some more.

Fourth, we are going to push back against woke.

Continue Reading at AmericanThinker.com…

Cheatle Evades While More Troubling Questions Emerge About What Happened in “the Other Building”

Cheatle stonewalls and lies, while the grey-suited man raises questions. Meanwhile things look very bad for whoever was in the two story building and really tough and troubling questions emerge. The Citizens’ Investigation plows on!

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

In today’s episode, I cover Cheatle’s ridiculously awful performance in from of Congress and tear it apart. When she wasn’t ducking question outright, she was giving false and incomplete answers. Of course, I am there with the receipts.

We can’t let this harpy re-write history to her incompetent and weaselly standards.

As well I discuss “the grey-suited man” who Senator Ron Johnson surfaced as possibly being an ATF agent. If you thought things were weird already, buckle up.

Continue Reading at PeakProsperity.com…

Trump Campaign Files Complaint Over Transfer of Biden Campaign Funds to Harris

by Elizabeth Weibel
Breitbart.com

The Trump campaign filed a complaint regarding the transfer of millions of dollars from President Joe Biden’s campaign funds over to Vice President Kamala Harris’s presidential campaign.

Former President Donald Trump’s campaign filed the complaint with the Federal Election Commission (FEC), claiming that the $96 million that sat in the Biden campaign’s account that was transferred to Harris is a violation, according to Bloomberg News.

In the complaint, David Warrington, a lawyer for the former president’s campaign describes the transfer as being “a brazen money grab that would constitute the single largest excessive contribution and biggest violation in the history of the Federal Election Campaign Act,” the complaint viewed by the outlet states.

Continue Reading at Breitbart.com…

Here Comes the Inventory of Vacant Homes: With Buyers On Strike Despite Lower Mortgage Rates, Supply Spikes to Highest in Four Years. Sales Drop Further Except at High End

by Wolf Richter
Wolf Street

A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.”

Mortgage rates have dropped to about 6.8%, down by a full percentage point from October last year, and yet sales of existing homes have plunged, and vacant homes for sale are coming out of the woodwork, the same vacant homes that the industry said didn’t exist, the second and third homes that people had moved out of but didn’t sell when they bought a new home over the past few years in order to ride the price spike all the way to the top. So now it’s time to sell those vacant homes. And supply in June spiked to the highest level in four years.

Continue Reading at WolfStreet.com…

Who Really Controls Your Access to Politicians? The Swamp!

by Martin Armstrong
Armstrong Economics

QUESTION: Marty, I watched Rep. Anna Paulina Luna interrogating the questionable Secret Service Director Cheatle. Paulina accused her of perjury. She says that Garland probably told her to stonewall. Pailina is your representative. Why has she not asked the Inspector General to investigate your case with all the evidence you presented in the Plot to Seize Russia? It seems with Hillary sniffing around the presidency, if she is really gun-ho, she should be championing what you have uncovered.

ANSWER: Let me explain how Washington really works. The UNELECTED bureaucrats run the show – NOT your representative. They stand guard, and you will NEVER be beyond them if it is an issue that they do not want to raise. I doubt that Paulina is even aware of who I am, and I live in her district. I have been in contact with the bureaucrats who surround her, but that is as far as you ever get unless THEY approve of whatever issue is discussed – not the politician. So, without 10,000 letters stuffing her mailbox, the bureaucrats (SWAMP) guard the gates, and you will never get past them, for their real job is to defend the SWAMP!

Continue Reading at ArmstrongEconomics.com…

Ok, Now I’m Truly Confused

by Karl Denninger
Market-Ticker.org

JD Vance is, as everyone knows at this point, the VP nominee on the GOP side.

This story showed up recently:

Usha Chilukuri Vance, the wife of Ohio Sen. J.D. Vance, has left her job as a corporate litigator at Munger, Tolles & Olson, a prestigious law firm in San Francisco.

Shortly after former President Donald Trump revealed on Monday his decision to add J.D. to his ticket for the upcoming presidential election in November, Usha’s online biography vanished from the company’s website.

The couple has three children. Vance is a Senator from Ohio which means he has to live in the State. They met and married in San Francisco which wouldn’t be unusual considering they were college classmates.

But this is unusual:

Continue Reading at Market-Ticker.org…

Gen Z and Millennial Investors Want Gold!

by Mike Maharrey
GoldSeek

You might think of gold as old-fashioned – an investment that mostly appeals to Boomers. But in the real world, it’s Millennials and Gen-Zers who are clamoring for gold.

According to a recent study by Bank of America Private Bank, 45 percent of wealthy investors under the age of 43 own gold, and another 45 percent expressed interest in holding the yellow metal. In other words, 90 percent of millennials and Gen Z investors are positive about gold.

These are far higher percentages than we find among Gen X and Boomer investors.

A separate study by State Street found millennials on average have about 17 percent of their portfolios allocated to gold, the highest percentage of any age demographic. Boomers and Xers average about 10 percent.

Continue Reading at GoldSeek.com…

Promising to Restore ‘Law and Order,’ Trump Falsely Claims Crime is Rising

The most notable recent increase happened on the former president’s watch, when homicides spiked.

by Jacob Sullum
Reason.com

“Our crime rate is going up,” former President Donald Trump claimed during the Republican National Convention last week, when he vowed to “Make America Safe Once Again.” Yet the most notable recent increase in the homicide rate happened on Trump’s watch, and violent crime has been falling since then.

That gap between Republican rhetoric and reality corresponds with long-standing public perceptions of crime, which Americans routinely say is going up even when it is going down. Trump is hoping to capitalize on that misperception as he campaigns on a promise to reverse a nonexistent trend by “restor[ing] law and order.”

Violent crime in the United States has fallen precipitously since 1993, when the homicide rate was 9.5 per 100,000 residents. By 2013, the rate was less than half that number.

Continue Reading at Reason.com…

The COMEX Gold Two-Step

by Craig Hemke
Sprott Money

For the past two weeks, we’ve tried to prepare you for a rally in the COMEX gold price. Seasonal trends, along with economic reality, should combine for a breakout move in August and September. For now, though, we’re still in July and the usual COMEX pattern of “wash and rinse” is underway.

If you missed last week’s post, I urge you to read it now. We tried to detail the reasons for expecting a late summer rally, and I think we made a compelling case.

That post concluded with a warning, however, and that warning now seems somewhat prescient:

Continue Reading at SprottMoney.com…

What Happened to Biden in Vegas?

Sources claim Biden suffered a ‘mini stroke’

by Steve Watson
Modernity News

Multiple sources have reportedly commented that something so significant happened to Joe Biden in Las Vegas last week that local law enforcement were alerted to clear a way to an emergency medical centre, before the plan was abruptly changed and he was rushed home on Air Force One.

As we highlighted yesterday, in Biden’s absence rumours have mounted over his condition and whereabouts.

[…] But what is all this about a medical episode in Vegas?

Conservative commentator Charlie Kirk has been following leads he was given by sources within Las Vegas PD and close to the Las Vegas Metro.

Kirk’s original post now has over 22 million views.

Continue Reading at Modernity.News…

VP Kamala Harris Had 92% Staff Turnover During Her First Three Years

from Zero Hedge

By Adam Andrzejewski of OpenTheBooks:

“People really, really do not want to work for Kamala Harris,” wrote former staffer Dan McLaughlin, January 2022.

Topline

Under Kamala Harris, the Office of the Vice President has been called a “revolving door,” a “staff exodus” of key aides “heading for the exits.”

Continue Reading at ZeroHedge.com…

The Percentage of Americans That Worry They Won’t Be Able to Pay Their Bills is Higher Than it Was During the Great Recession

by Michael Snyder
The Economic Collapse Blog

Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then. Slowly but surely, our economic strength has been fading and our standard of living has been falling. Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling. According to a CNN poll that was just released, almost 40 percent of all U.S. adults “say they worry most or all of the time that their family’s income won’t be enough to meet expenses”…

Many Americans regularly worry they won’t be able to make ends meet.

Continue Reading at TheEconomicCollapseBlog.com…

Massive Global Report: All-Cause Mortality Due to Injections and Lockdowns, Not COVID

by Ben Bartee
The Daily Bell

Originally published via Armageddon Prose:

COVID Propaganda Roundup: The latest updates on the “new normal” – chronicling the lies, distortions, and abuses by the ruling class.

Massive Global Report: All-Cause Mortality Due to Injections, Lockdowns, Not COVID

A massive review of mortality data from 125 countries worldwide has concluded definitively that the deaths commonly attributed to “COVID” were actually due to other factors, including lockdowns and, in bitter irony, the shots themselves that were marketed as the solution to the so-called pandemic.

The relevant findings, via Correlation Canada (emphasis added):

Continue Reading at TheDailyBell.com…

Two Economic Indicators Plunge Near Lowest Levels in History

from King World News

Two economic indicators have plunged near the lowest levels in history. This is not the sign of a healthy economy. Take a look…

Things Are Tough All Over

July 23 (King World News) – Peter Boockvar: The July Philly non-manufacturing index fell to the lowest level since December 2020.

Non-Manufacturing Tumbles To Lowest Level Since 2020

Continue Reading at KingWorldNews.com…