Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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In a word no. All depends on when the Chinese have had their fill of cheap Gold from the paper scum. At some point they will have bought enough and stun everyone with how much they have got.
Tdy yet another classic. ISIS 1 mile from Baghdad oil is up…Hong Kong huge demo …but the PM;s on their backsides……and despite the news the SM may well close up.
another miracle recovery in the SM, and a predictable drift lower in pm’s….it just never ends
Over the past year or so my family has switched to as much all natural foods as possible. That includes 4%MF yogurt, butter, extra virgin cold pressed olive oil, coconut cooking oil, whole milk, organic (garden)veggies and fruits, and home grown beef among other things. Also cut out as much sugar and “sweets” as possible, and try to avoid ALL GMO’s but without labeling that is very difficult. Also eliminated ALL fast foods. The results have been remarkable. The entire family has had a burst of energy and enthusiasm. Extra fat on the body stored in the wrong places, like around the waist, is gradually disappearing without any thought to dieting. My blood pressure, which has been high for 40 years, has now returned to normal, but I believe that has a lot to do with adding Chia, which is loaded with Omega 3 and 6, to my diet about 6 months ago.
One of the greatest things I have noticed is that the family in general seems to be much happier and healthier. Two teenage daughters especially are more cooperative and less argumentative, and ditto for the wife who now runs 4 miles daily and works her 12 hour shifts as a ICU RN, plays vollyball and soccer, etc etc. My own energy level is also much increased as I’ve cut, split, loaded, hauled, unloaded and stacked 13 cords of wood this past couple months, where in years past I was lucky to find the energy to put up the 4-5 cords we burn annually.
All I can say is you have nothing to lose by giving it a try, and you will certainly begin to see an increase in energy and vitality in the coming weeks and months. At least I sure did. Silverngold
John Hathaway issues imminent gold explosion warning number 178=
It’s not fun but this is the kind of thing that explosive moves come out of. What I really like is that the rest of the global equity markets are starting to show some weakness.
I think the biggest headwind gold has had has been this perception that investors can make money in the stock market, and the averages keep going higher so they don’t wan to miss out on the gains. So if we can break that spell, which would mean a hard correction in the global stock markets, this would remind people of the risk in the markets at these lofty levels, and that would give the gold market a pretty solid bid.
Of course we know that there is an enormous amount of short interest in the gold market, mainly speculative short interest, and that will provide the fuel for a major move higher.”
Hathaway added: “Something else that’s interesting to me here is that the gold/silver ratio is breaking out. The ratio gold/silver ratio is now over 69 and pushing 70. I think that’s interesting because that’s usually a coincident indicator, if not a precursor indicator, of economic weakness. I believe the economy is much less robust than the consensus has it. This is even before we see interest rates move higher.
But before we join the celebrating and victory laps they are doing on CNBC and Bloomberg, the durable goods number was bad today. A lot of the housing numbers are bad. Also, yesterday the Dutch equivalent of FedEx talked about having to rethink its forecast for the rest of this year by adjusting estimates sharply lower. To me those are signs of economic weakness.
This also confirms to me that not only is the economy soft but it’s also continuing to weaken. This will put the kibosh on the people who think the Fed can withdraw monetary stimulus and will be successful in doing so.”
Hathaway continued: “The Ned Davis research index of gold sentiment is the lowest it’s been in 30 years of data. They have data going back to December 30, 1994. Their chart of sentiment right now is basically at zero. Well, when that index is below a reading of 35, and of course it’s at zero right now, the average level of gains on trades is about 17 percent.
The other thing worth mentioning is that Mark Hulbert’s gold sentiment index is now at the second-lowest level ever. Hulbert said, ‘There has only been one time in the last 30 years when the HGNSI got any lower than it is today. That came in June 2013 when it fell to minus 56. Today it’s at minus 46.9.’ A couple of weeks after the June 2013 reading a rally began that by the end of August had tacked on more than $200 to the price of gold.
So this is the kind of thing that Bill Haynes’ $40 million gold buyer is seeing. It’s just extreme pessimism regarding gold. And if you put that together with a huge short interest and the fact that the global stock markets are now cracking, that’s a very, very powerful cocktail for a massive rally in gold.”
I heard that Dr. is a quack and lost his license to practice medicine in 2008 and most of the medical community poo poo’s on his advice.
the oven with some bubble and squeak–or a sausage and pepperoni pizza?
BUt low fat doesn’t mean blah taste–indian, chinese-thai-indonesian food–all whole grain and veggie/bean based–tastes pretty doggone good to me!
Apropos of nothing….ya got any idea if gold sees 800 first or 1500…?
Kunstler today—“We’ll become ISIS
Of course, the idea that higher education can lift a population out of this vortex of anomie is a cruel joke, especially now with the college loan racket parasitizing that flickering wish to succeed, turning young people into debt donkeys. The shelf-life of that particular set of lies and swindles will hit its sell-by date soon in a massive debt repudiation — and the nation will come to marvel at the mendacious system it allowed itself to get sucked into. But this still only begs the question of what young men will do in such a deceitful system.
My guess is that they will shift their attention and activity from the mind-slavery of the current Potemkin economy to the very monster we find ourselves fighting overseas: a domestic ISIS-style explosion of wrath wrapped in an extreme ideology of one kind or another replete with savagery and vengeance-seeking. The most dangerous thing that any society can do is invalidate young men. When the explosion of youthful male wrath occurs in the USA, it will come along at exactly the same time as all the other benchmarks of order become unmoored — especially the ones in money and politics — which will shatter the faith of the non-young and the non-male, too. Also, just imagine for a moment the numbers of young men America has trained with military skills the past 20 years. Not all of them will be disabled with PTSD, or mollified with rinky-dink jobs at the Wal-Mart, or lost in the transports of heroin and methedrine.
A full fat diet tastes so much better than a low fat one, add in some moderate exercise and all should be well.
The taste of margerine is vile, give me full fat butter any day, same with cream and milk.
Geneva group’s report predicts low interest rates forever
Submitted by cpowell on 11:07AM ET Monday, September 29, 2014. Section: Daily Dispatches
Which is to say financial repression and gold price suppression by central banks forever.
* * *
Geneva Report Warns Record Debt and Slow Growth Point to Crisis
By Chris Giles
Financial Times, London
Sunday, September 28, 2014
http://www.ft.com/intl/cms/s/0/4df99d28-4590-11e4-ab10-00144feabdc0.html
A “poisonous combination” of record debt and slowing growth suggest the global economy could be heading for another crisis, a hard-hitting report will warn on Monday.
The 16th annual Geneva Report, commissioned by the International Centre for Monetary and Banking Studies and written by a panel of senior economists including three former senior central bankers, predicts interest rates across the world will have to stay low for a “very, very long” time to enable households, companies, and governments to service their debts and avoid another crash.
Good article.
I believe this is correct for a number of reasons but if I had only one it would be this. If the goobers said lo-fat and margarine were good then it must be BS. When were you ever really told the real deal about anything from the goobers? Quite frankly though, many doctors are coming out with the idea that Saturated Fats are good for the body. Margarine is now becoming vilified. Of course, one must be careful what the source of the sat fats is from. Like avoiding meat with antibiotics and hormones.
I didn’t like the early action in gold and bailed at 8:35 am on my JNUG…but the SM turning down again may help gold…so I may get back in–even for a bounce the “ship turns slowly”=the $ index is down more that it was earlier but still is insignificant….crude is gaining….that gold couldn’t hold its gains when stocks were down 150 early on is not good action.
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JNUG – 08:25
Sold 1050s @ $13.45 – Total: $14,122.18
JNUG – 08:25:35
Sold 950s @ $13.44 – Total: $12,760.71
Afghanistan To Sign U.S. Security Agreement, Adviser Says
KABUL, Afghanistan (AP) — A senior adviser to U.S. President Barack Obama said Monday that Afghanistan will sign a deal Tuesday to allow American soldiers to remain in the country past the end of the year.
John Podesta, speaking to a news conference at the U.S. Embassy in Kabul, said he didn’t know if newly inaugurated President Ashraf Ghani Ahmadzai would be the official signing the deal for Afghanistan.
Podesta said he would sign it on behalf of the U.S.
The deal will allow about 10,000 American troops to stay in the country after the international combat mission ends on Dec. 31.
The announcement comes after Ashraf Ghani Ahmadzai was sworn in Monday as Afghanistan’s new president, replacing Hamid Karzai in the country’s first democratic transfer of power after the 2001 U.S.-led invasion toppled the Taliban.
http://www.huffingtonpost.com/2014/09/29/afghanistan-us-security_n_5899732.html
Copy that. They kept the “ball” or “game” (artificial stimulus) going after 1975 until 2008 when they hit a solid brick wall when the Americans “gave up” paying off debt on crashing real estate.
The “emerging markets” were CREATED with US consumer and tax dollars. It was a no brainer to me in 2008 that China et all would get hurt, go backwards, were peaking when Americans stopped spending. They get hurt.
We would have done better staying out, certainly! Who knows what the PTB would like there? I do think things aren’t going their way. They have some overall strategy but aren’t omnipotent.
ISIS fighters now ‘at the gates of Baghdad’: Islamic militants fighting ‘just one mile from Iraqi capital’ despite days Western airstrikes
That is another sign of everything or “westernization” in reverse. I heard re Hong Kong, going back to their roots also. The entire Middle East is de-westernizing. If TPTB had a mechanical engineering background, they would have known…
“Haste makes waste” “Measure twice cut once” “Don’t rush the important jobs” TPTB screwed up “rushing” globalization, and rushing a regime change in westernized Iraq. Obviously the master planners wanted to see the total conversion on their watch, and rushed it all.
Everything (westernized world) would have evolved naturally eventually over time, maybe 50-100 years. Now the jerks are losing the gains, and created a reverse evolution of the situation.
Arizona foot coach suspended for praying with team.
And they once called this country a christian nation?
Turkey’s government has banned all school pupils nationwide from having tattoos or body piercings in a new dress code deemed oppressive and unenforceable, according to the law’s critics.
While tattoos are not widespread among older generations, they have seen a surge in popularity amongst the young and secular sectors of society.
The measure, imposed by the government and published in the Official Gazette on Saturday, also prohibited a number of other things such as dyeing hair, wearing makeup and moustaches and beards for boys, according to local media reports.
Students could be punished through reprimands, suspension or expulsion. If a student fails to get a tattoo removed the punishment is not yet clear.
It shortly follows a previous set of measures which permitted the wearing Muslim headscarves in schools which critics has also denounced as corrosive of Turkey’s secular ideals.
Opponents and critics have said that President Recep Tayyip Erdogan’s recent moves constitute steps towards the Islamisation of the country.
I’d say “everything in moderation” People need to use some sense and take responsibility for what they put in their mouths. I trust Dr. Mercola much more than the run of the mill doctor.
Ever heard of the ketogenic diet-or others that say eat fats as long as u have no carbs? Funny, that science in the west would “prove” that it’s OK…where the meat, poultry/egg and dairy industry’s dominate….in some cultures whose diets are radically different from the modern diet—or where people haven’t much food and do physical labor all day–consuming fats is necessary and has no ill effect–but in america-with out unspeakably unnatural and dangerous diet–just follow Mercolas advice and u’ll end up at 400 lbs with heart disease and cancer and G*d only knows what else–the healthiest and longest lived micro-cultures–like the Okinawan elders and the Hunzas ate extreeeeeeeeeeeeeeeeemly low fat diets with 50-60 % COMPLEX carbohydrates….that’s the real inside dope palsey-walsey….live and let live is my motto–peace to all worlds!
