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The Fundamental Unraveling of America

by Albin Sadar
American Thinker

By now, it must be overwhelmingly apparent to every American citizen that what candidate Barack Obama promised on the campaign trail back in 2008 has come to pass. Obama touted a “fundamental transformation of America” if elected president and, once elected, he proceeded to accomplish that one huge goal. The question in 2024 is whether enough people want to make the effort to re-ravel America to the normal, constitutional nation she once was.

It can certainly be argued that the country experienced a slow boiling of the frog during the eight years of Obama’s presidency and that, during that period, the pot neither got to boil too long nor did the frog feel the heat intensely enough to hop out. The Democrats anointed Hillary Clinton to follow Obama to continue the unraveling of America’s constitutional republic, replacing it with their own interpretation of a “democracy.”

Continue Reading at AmericanThinker.com…

The Sizable Gold Futures Market

by Craig Hemke
Sprott Money

About a decade ago, the organization Wikileaks unearthed and released a very interesting memo from December of 1974. Given the counter-intuitive price action of last Friday, I thought it might be instructive to review again what Wikileaks found.

First let’s review the timing of the memo. As you can see below, it’s dated December 10, 1974. Why is that important? COMEX gold futures trading began on December 31, 1974.

Next, note that this memo originated with the Department of the Treasury in London and was sent to the U.S Department of State. Here’s a link to the entire document:

Continue Reading at SprottMoney.com…

Interest Rates Surging as Gold Hits $2,400 and Silver Nears $30

from King World News

If you think trading has been a little wild recently in the stock market and gold, it now appears interest rates are headed even higher. That will only add fuel to the volatility.

Interest Rates Headed Higher

April 15 (King World News) – Dean Christians at SentimenTrader: What are rising Treasury yields signaling?

Key points:

Continue Reading at KingWorldNews.com…

Unicorn Dolly Varden Silver: Captures the Attention of Major Players; Only 8% Public Float

from Kerry Lutz's Financial Survival Network

We sat down with Shawn Khunkhun, CEO of Dolly Varden Silver, (🇺🇸DOLLF — 🇨🇦DV new sponsor) and dove into its unique strategy and recent successes. DV has been hitting high-grade gold and silver, most recently 79.4 g/t gold over 12.35 meters. The results have well exceeded Shawn’s optimistic expectations. The 2024 drilling season is getting off to the earliest start in many years, due to the lack of snow fall in British Columbia. The company will have 3 drills turning and plans for an updated resource estimate at in the future. It has an attractive capital structure, with a public float of just 8 percent. Interest expressed by major miners and large financial institutions has been increasing together with the price of gold and silver. The company recently raised C$15 million and has enough cash on-hand to meet its obligations for the next two years. While “Silver” is part of DV’s moniker, Shawn discussed the company’s substantial gold resources, which now equal its silver resources. He believes that Eric Sprott’s $300 silver is a real possibility. With the company selling at just $1 per ounce in the ground, a substantial discount to historic levels of similar companies, that price could increase substantially, which is why we own shares.

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The Latest Jobs Report: Boom or Bust for Inflation, Stock Market, and The Election? with Ted Thatcher

from Kerry Lutz's Financial Survival Network

Kerry and Ted Thatcher discussed various topics related to the economy and financial markets. They analyzed the latest jobs report and its potential impact on inflation, unemployment, and the stock market, as well as its significance for the upcoming election, the banking sector, and the Fed’s future actions. They also discussed the reliability of statistics, expressing doubts about the accuracy of the current job numbers and reflecting on the history of revisions in job and inflation figures. In addition, they explored the impact of the Florida economy on the real estate market, focusing on both commercial and residential building sectors, and the influence of mortgage rates on the market. They provided insights into the seasonal trends in Florida and the significance of connecting with Ted’s website for further information.

Click Here to Listen to the Audio

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Government & Media Pretending Massive Health Crisis Not Going On – Ed Dowd

by Greg Hunter
USA Watchdog

Former Wall Street money manager Ed Dowd is still a skillful number cruncher. His recently updated and wildly popular book “Cause Unknown: The Epidemic of Sudden Deaths in 2021, 2022 and 2023” has been correctly documenting the huge numbers of deaths and injuries caused by the CV19 bioweapon vax. Many are waking up to this crime against humanity, but many remain in the dark because the government and Lying Legacy Media (LLM) continue to cover up the worst murder and disability fraud in world history. Dowd says, “At this point, it’s overwhelming and has become almost comical. . . . This is asymmetric information. So, we have governments and media continuing to pretend a massive health crisis with chronic illness, deaths and disabilities is not going on. The data would suggest otherwise. . . . The data we have made public is free, but some people want projections and decision-making ideas. These are things we might end up starting a business from. I would have never thought we could. This is what asymmetric information does, and the government and the media are suppressing this information.”

Continue Reading at USAWatchdog.com…

Banks’ Exposure to CRE Loans by Bank Size

by Wolf Richter
Wolf Street

When CRE hits investors, fine, they were paid to take those risks. But we’re a little more squeamish when it comes to banks.

Commercial Real Estate loans amount to about $5 trillion. Not all CRE sectors are in trouble. At one end of the spectrum: Industrial is still in good shape. At the other end of the spectrum: office is in terrible shape. Somewhere in the middle: There have been some big defaults in multifamily, but the sector is in much better shape than office.

The 4,026 or so FDIC-insured commercial banks held $2.4 trillion of CRE loans at the end of 2023, according to FDIC data, amounting to roughly 10% of their total assets of $23.7 trillion. So banks hold a little less than half of CRE loans, and those loans are about 10% of their total assets.

Continue Reading at WolfStreet.com…

Bread and Circuses: What it Means for Once-Great Nations

from Zero Hedge

Authored by Nicole James via The Epoch Times,

Democracy, that ever-so-fleeting fancy, has a tendency to tumble into a bit of a tizz before it topples over, panting and gasping like a winded walrus.

John Adams, ever the prophet of doom, once quipped, “Democracy never lasts long. It soon wastes, exhausts and murders itself”—a sentiment echoing through the corridors of time.

And sounding much like the belch of a senator post-banquet in ancient Rome, where democracy was more a concept for philosophical banter than a practice.

Continue Reading at ZeroHedge.com…

Collective Debt – We Must All Pay for Student Loans

by Martin Armstrong
Armstrong Economics

Biden is destroying the financial future of generations with his reckless spending in an attempt to buy votes. Fed Chair Powell nearly admitted it in his interview with 60 Minutes in which he urged the government to show restraint when plunging the nation deeper into debt. Biden and the Democrats are cheering that he will “cancel” debt for an additional 277,000 under the SAVE plan. Do people not realize by now that the taxpayer is paying for this debt cancelation?

Biden already “forgave” the debts of 4.3 million borrowers, but the banks have not, and neither have the universities. The liberals believe the Big Guy is magically opening his wallet or waving a magic wand and making the debt disappear. NO – the lenders will receive a repayment, but now WE, the people, must pay for the debts of a few.

Continue Reading at ArmstrongEconomics.com…

China Switches Strategy From Stacking Gold to “Take All the Silver.” Sticking it to U.S. Short Sellers and Market Riggers.

by Jon Forrest Little
Silver Seek

Reddit Apes started #SilverSqueeze movement but we ain’t nothing. It’s all About China and their Unified Focus. Watch TikTok fuel the Real Silver Squeeze. […]

1. There are 1.400.000.000 Chinese citizens.

2. Just starting this week, the Chinese government is advertising and telling its loyal people to buy Silver instead of Gold.

3. Their orders in the past year were to stack Gold, as we reported in November 2023.

4. Silver and gold stacking is the cornerstone of their crafted and clever strategy of economic warfare.

Continue Reading at SilverSeek.com…

Sound Money vs. Fiat Currency: Trade and Credit Are the Wild Cards

by Charles Hugh Smith
Of Two Minds

We need to start thinking outside the current system, which has no solutions.

Our convictions about money are quasi-religious: heretics are burned at the stake. I’m not sure which stake I’ll be tied to, because all the conventional choices–fiat currency, sound money (gold, Bitcoin) or debt-free currency (a.k.a. MMT)–are all fatally flawed.

To understand why, consider the wild cards in any monetary system: global trade and credit. Let’s start with credit, which as David Graeber explained in his book Debt: The First 5,000 Years, has been an integral component of monetary arrangements since the dawn of civilization.

Taxes must be paid and seed purchased for the next crop, and so credit in some form–notched sticks, bills of sale, purchase orders, loans–is the lifeblood of commerce and state revenues. Credit naturally divides into short-term commercial credit–credit extended until the goods or payment are delivered–and longer term credit secured by collateral.

Continue Reading at OfTwoMinds.com…

This Terrifies the Regime

by Jeffrey Tucker
Daily Reckoning

In April 2020, I confidently predicted a political revolt, a movement against masks, a population-wide revulsion against the elites, a demand to reject “social distancing” and streaming-only life, plus widespread disgust at everything and everyone involved.

I was off by four years. It looks like the backlash may finally be here. New literature is emerging to document it all.

The new book White Rural Rage: The Threat to American Democracy is a viciously partisan, histrionic and gravely inaccurate account that gets nearly everything wrong but one: Vast swaths of the public are fed up, not with democracy but its opposite of ruling-class hegemony.

The revolt is not racial and not geographically determined. It’s not even about left and right, categories that are mostly a distraction. It’s class-based in large part but more precisely about the rulers versus the ruled.

Continue Reading at DailyReckoning.com…

Rand Paul: Mike Johnson Voting with Democrats On FISA, Spending ‘Abdicating the Power of the Purse’

by Jeff Poor
Breitbart.com

During this week’s broadcast of FNC’s “Sunday Morning Futures,” Sen. Rand Paul (R-KY) criticized House Speaker Mike Johnson (R-LA) for voting along with Democrats on two key subjects — the renewal of the Foreign Intelligence Surveillance Act (FISA) last week and a $1.2 trillion budget package last month.

Paul acknowledged that Senate Republicans were also partly to blame. However, he accused Johnson of abdicating the power of the purse.

“I want to also ask you about what you heard from the speaker regarding FISA,” host Maria Bartiromo asked. “Can we trust government? Can we trust government to use FISA appropriately and legally?”

“Absolutely not,” Paul replied. “Americans shouldn’t be spied on by their own government. The Fourth Amendment was put in by our founding fathers to protect us. FISA doesn’t obey the Fourth Amendment.

Continue Reading at Breitbart.com…

Don’t Forget to Claim Drug Dealing Income On Your Taxes

According to IRS guidance, any income derived from illegal activity is taxable, and there’s no statute of limitations on when they can go after you.

by Joe Lancaster
Reason.com

As just about every American adult knows and is dreading, Monday, April 15, is Tax Day. Each year, taxpayers scrounge together each income statement the government requires and any random receipt that may result in a modest deduction in the amount they’re expected to pay.

The IRS wants taxpayers to know that if you made money from anything illegal last year—stealing, selling illegal drugs, taking bribes—then that’s taxable, too.

Last year, Americans spent 6.5 billion hours doing their taxes, which translates to roughly $260 billion in lost productivity. That’s in addition to the $104 billion they spent in direct costs on the actual tax filing and preparation.

Much of that complexity stems from the amount of deductions and carve-outs the tax law allows, as well as the types of revenue required to be treated as taxable income.

Continue Reading at Reason.com…

The Bargain with Government is Coming Apart

by P.F. Kelly, Jr.
American Thinker

Imagine you are a mouse — a placid little creature — living in a labyrinth. You don’t know it’s a labyrinth; it’s just where you live. You follow a well worn path, meandering along, chasing the red button. The red button provides you with food or whatever makes you happy.

But you’ve started to notice that things are changing. It’s not as good as it used to be in the labyrinth, not as easy to get to the button. And the payoff when you get there isn’t as good anymore. You’re anxious, but you’re not sure what to do. You’re starting to wonder about things. It’s been dawning on you that following the path isn’t getting you anywhere, and you may even be going backwards.

Suddenly you’re presented with a choice: keep running along the same path, or exit the labyrinth. Will you head for the door? Are you nodding yes? Will you do it? What will it take for you to lift up your head and leave the comfortable confines of the labyrinth?

Continue Reading at AmericanThinker.com…

Trump: “Everything Biden Touches Turns to Shit”

What has he done that’s good? Nothing.

by Steve Watson
Modernity News

During a huge rally in Schnecksville, Pennsylvania Saturday night, Donald Trump blasted Joe Biden, reeling off a list of massive failures and urging that “everything he touches turns to shit.”

Trump was speaking while Iran, which just four years ago was crippled under Trump, but in the past three years has prospered after Biden eased sanctions, decided to launch a full on military attack on Israel.

[…] “Before going any further, I want to say God bless the people of Israel,” Trump stated, adding “They’re under attack right now. That’s because we show great weakness.”

Trump urged that such an attack would never have happened under his watch.

Continue Reading at Modernity.News…