investmentwatchblog--2020-08-19--Was That the Top in Gold?

Was That the Top in Gold?

It could have been .
But what is more likely , it could have been the final pre-plunge top in case of the mining stocks .
Why ?
Because the history tends to rhyme , and the verses appear more similar to what we already “ read ” in the mining stocks than they what we can see on the gold market .
Before digging into details , we would like to quote what we wrote on mining stocks on Monday : Back in March , gold moved back to its previous highs ( in fact it moved slightly above @ @ @ @ @ @ @ , it ’ s consolidating lower .
Still , we should keep in mind that there ’ s also the possibility that gold won ’ t repeat the March performance to the letter and history will rhyme instead .
Consequently , it might be more useful to monitor the market for signs of weakness and to pay extra attention to the time factor .
After all , time is more important than price ; when the time is right , the price will reverse .
Back in February , it took 4 days @ @ @ @ @ @ @ form their initial bottom and we saw the same thing also this time .
Back then , it then took 4 ( closing prices ) or 5 ( intraday extremes ) trading days for the miners to top .
Today will be the 4th trading day after the bottom , so if the history is to repeat itself with regard to time , miners might form the final top today or tomorrow .
This would be in tune with where the general stock market is trading right now .
It ’ s so @ @ @ @ @ @ @ could easily break to new highs and then invalidate this breakout today or tomorrow .
If gold does indeed rally to the previous highs or even moves slightly above them , we don ’ t expect miners to do the same thing .
In fact , we think that they would be likely to top close to the 61.8 % Fibonacci retracement level ( at most ) – at about $ 43 .
Yesterday , we clarified the “ close to ” part : “ close ” means that miners could move a @ @ @ @ @ @ @ did in March .
Gold miners moved to exactly $ 43 on Monday and closed at $ 42.96 , so if gold moved significantly higher from here ( say , $ 100 ) , miners would also be likely to move higher temporarily .
Since miners already reached the $ 43 level on Monday , yesterday we wrote that we wouldn ’ t be surprised to see GDX at $ 44 or even $ 45 at the top .
In short , miners – and the general stock market – did exactly what @ @ @ @ @ @ @ ETF moved to $ 44.09 yesterday , but then declined on an intraday basis , and ended the session lower , despite gold ’ s daily gain .
This means that at the same time , we saw : • None Miners ’ extreme weakness relative to gold and general stock market , which serves as the perfect “ sign of weakness ” that we previously wrote about • None Small breakout to new highs in the S & P 500 Index ( and in the most popular ETF on it : SPY @ @ @ @ @ @ @ of the intraday terms • None Miners ’ had formed a top in terms of the daily closing prices 4 days after the recent bottom , and they formed a top in intraday terms 5 days after the recent bottom – exactly the same thing that we saw in March , right before THE slide • None The shape of yesterday ’ s candlestick in the mining stocks is very similar to what we saw on March 6 – right before THE slide .
The above is a profoundly bearish combination for the @ @ @ @ @ @ @ – didn ’ t you say that gold could rally more ?
Yes , we did .
And gold could move higher while at the same time miners might not .
That ’ s exactly what happened in March .
Please take a look at the chart below for details .
The vertical , black line shows the day right after the top ( we didn ’ t want the line to cover the daily performance at the top ) , and it clearly shows that while gold was one day after the @ @ @ @ @ @ @ after the top .
The top in the mining stocks ( in terms of the daily closing prices ) took place on March 5 , which we marked with red , vertical line .
On March 5 , gold was still below its initial February high and the USD Index was just starting to move lower after briefly pausing .
In other words , miners decline started earlier than what we saw in gold or the USD Index .
One could say that the reason for it is was the situation in the @ @ @ @ @ @ @ latter was already declining in early March .
However , the fact that miners declined yesterday despite a daily rally in stocks makes the current case even more bearish for the miners .
Besides , the invalidation of the intraday breakout in stocks is a sign that miners are likely to get a bearish push from other stocks .
What does that all lead to ?
To the likelihood that we saw the final top in the mining stocks , which might be the right shoulder of a head-and-shoulders top pattern ( the @ @ @ @ @ @ @ be the neck thereof ) .
At the same time , it could be the case that gold will make another attempt to rally above the previous 2020 highs .
They key word here is “ could ” – it ’ s not something that is carved in stone .
In fact , back in March , silver was weaker , and gold was stronger .
We ’ re seeing the opposite right now – overall , the situation is already similar to what happened when the PMs were topping in March .
@ @ @ @ @ @ @ previous highs – just like it did in 2011 – it could trigger the sell-off , but at the same time we would like to stress that this kind of move is not required for the sell-off to start .
Especially in case of the mining stocks .
Naturally , the sell-off would be a temporary event and PMs and miners would be likely to soar in the following months .
Thank you for reading today ’ s free analysis .
Please note that it ’ s just a small fraction of today @ @ @ @ @ @ @ Alert .
If you ’ d like to read those premium details , we have good news .
As soon as you sign up for our free gold newsletter , you ’ ll get 7 access of no-obligation trial of our premium Gold & Silver Trading Alerts .
It ’ s really free , and since the incoming volatility is likely to be significant , we invite you to sign up today .
All essays , research and information found above represent analyses and opinions of Przemyslaw Radomski , CFA and Sunshine Profits @ @ @ @ @ @ @ it may prove wrong and be subject to change without notice .
Opinions and analyses are based on data available to authors of respective essays at the time of writing .
Although the information provided above is based on careful research and sources that are deemed to be accurate , Przemyslaw Radomski , CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported .
The opinions published above are neither an offer nor a recommendation to purchase or sell any securities .
Mr. Radomski is not @ @ @ @ @ @ @ Przemyslaw Radomski ’ s , CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports .
Investing , trading and speculation in any financial markets may involve high risk of loss .
Przemyslaw Radomski , CFA , Sunshine Profits ’ employees and affiliates as well as members of their families may have a short or long position in any securities , including those mentioned in any of the reports or essays , and may make additional purchases @ @ @ @ @ @ @ .

by Przemyslaw Radomski
It could have been. But what is more likely, it could have been the final pre-plunge top in case of the mining stocks. Why? Because the history tends to rhyme, and the verses appear more similar to what we already “read” in the mining stocks than they what we can see on the gold market.
Before digging into details, we would like to quote what we wrote on mining stocks on Monday:
Back in March, gold moved back to its previous highs (in fact it moved slightly above it) before topping and right now, it’s consolidating lower. Still, we should keep in mind that there’s also the possibility that gold won’t repeat the March performance to the letter and history will rhyme instead.
Consequently, it might be more useful to monitor the market for signs of weakness and to pay extra attention to the time factor.
After all, time is more important than price; when the time is right, the price will reverse.
Back in February, it took 4 days after the top for the miners to form their initial bottom and we saw the same thing also this time.
Back then, it then took 4 (closing prices) or 5 (intraday extremes) trading days for the miners to top. Today will be the 4th trading day after the bottom, so if the history is to repeat itself with regard to time, miners might form the final top today or tomorrow. This would be in tune with where the general stock market is trading right now. It’s so close to its previous high that it could easily break to new highs and then invalidate this breakout today or tomorrow.
If gold does indeed rally to the previous highs or even moves slightly above them, we don’t expect miners to do the same thing. In fact, we think that they would be likely to top close to the 61.8% Fibonacci retracement level (at most) – at about $43.
Yesterday, we clarified the “close to” part: “close” means that miners could move a bit above it, just like they did in March. Gold miners moved to exactly $43 on Monday and closed at $42.96, so if gold moved significantly higher from here (say, $100), miners would also be likely to move higher temporarily.
Since miners already reached the $43 level on Monday, yesterday we wrote that we wouldn’t be surprised to see GDX at $44 or even $45 at the top.
In short, miners – and the general stock market – did exactly what we have outlined above.
The GDX ETF moved to $44.09 yesterday, but then declined on an intraday basis, and ended the session lower, despite gold’s daily gain.
This means that at the same time, we saw:
We are primarily funded by readers. Please subscribe and donate to support us!
Miners’ extreme weakness relative to gold and general stock market, which serves as the perfect “sign of weakness” that we previously wrote about
Small breakout to new highs in the S&P 500 Index (and in the most popular ETF on it: SPY) that was then invalidated in case of the intraday terms
Miners’ had formed a top in terms of the daily closing prices 4 days after the recent bottom, and they formed a top in intraday terms 5 days after the recent bottom – exactly the same thing that we saw in March, right before THE slide
The shape of yesterday’s candlestick in the mining stocks is very similar to what we saw on March 6 – right before THE slide.
The above is a profoundly bearish combination for the next few days – weeks.
Wait – didn’t you say that gold could rally more?
Yes, we did. And gold could move higher while at the same time miners might not. That’s exactly what happened in March. Please take a look at the chart below for details.
The vertical, black line shows the day right after the top (we didn’t want the line to cover the daily performance at the top), and it clearly shows that while gold was one day after the top, miners were already 2 days after the top.
The top in the mining stocks (in terms of the daily closing prices) took place on March 5, which we marked with red, vertical line.
On March 5, gold was still below its initial February high and the USD Index was just starting to move lower after briefly pausing. In other words, miners decline started earlier than what we saw in gold or the USD Index.
One could say that the reason for it is was the situation in the general stock market. Indeed, the latter was already declining in early March. However, the fact that miners declined yesterday despite a daily rally in stocks makes the current case even more bearish for the miners. Besides, the invalidation of the intraday breakout in stocks is a sign that miners are likely to get a bearish push from other stocks.
What does that all lead to? To the likelihood that we saw the final top in the mining stocks, which might be the right shoulder of a head-and-shoulders top pattern (the red line on the HUI chart would be the neck thereof). At the same time, it could be the case that gold will make another attempt to rally above the previous 2020 highs. They key word here is “could” – it’s not something that is carved in stone. In fact, back in March, silver was weaker, and gold was stronger. We’re seeing the opposite right now – overall, the situation is already similar to what happened when the PMs were topping in March. Therefore, if gold moves slightly the previous highs – just like it did in 2011 – it could trigger the sell-off, but at the same time we would like to stress that this kind of move is not required for the sell-off to start. Especially in case of the mining stocks.
Naturally, the sell-off would be a temporary event and PMs and miners would be likely to soar in the following months.
Thank you for reading today’s free analysis. Please note that it’s just a small fraction of today’s full Gold & Silver Trading Alert. If you’d like to read those premium details, we have good news. As soon as you sign up for our free gold newsletter, you’ll get 7 access of no-obligation trial of our premium Gold & Silver Trading Alerts. It’s really free, and since the incoming volatility is likely to be significant, we invite you to sign up today.
Przemyslaw Radomski, CFA
Editor-in-chief, Gold & Silver Fund Manager
Sunshine Profits: Analysis. Care. Profits.
* * * * *
All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits’ associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski’s, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.


investmentwatchblog--2020-08-19--The Empire Will Strike Back: Dollar Supremacy Is the Fed’s Imperial Mandate

Triffin ’ s Paradox demands painful trade-offs to issue a reserve currency , and it demands the issuing central bank serve two competing audiences and markets .
Judging by the headlines and pundit chatter , the U.S. dollar is about to slide directly to zero .
This sense of certitude is interesting , given that no empire prospered by devaluing its currency .
Rather , devaluing the currency is a sure path to dissolution and collapse of the empire .
This dynamic–devaluation leads to decline and collapse–is not exactly a secret .
So what all those proclaiming the death of @ @ @ @ @ @ @ Project is consciously choosing suicide , all to boost the U.S. stock market which is now little more than a signaling mechanism and a means of accelerating wealth inequality , as the billionaire class and the billionaire wannabe ’ s in the top .01 % are the primary winners as stocks reach new highs .
Taking it one step further , those predicting the collapse of the U.S. dollar are predicting that not only will the Empire choose suicide , so will the billionaires because what will their fortunes be worth if the @ @ @ @ @ @ @ crowd ( and it is a crowd ) present the demise as ordained by some mysterious force , as if the Empire has no will or power to resist the inevitable slide to zero .
The helpless giant can only watch as the Federal Reserve debauches the dollar to boost stocks and float the mountains of debt required to keep the U.S. economy from imploding .
The USD-is-dead crowd also seems to overlook the inconvenient fact that all the other issuers of fiat currency are busy debauching their currencies , too by the @ @ @ @ @ @ @ of new currency , distributed to already-insanely-wealthy financiers and corporations .
( Debt-serfs can “ save themselves ” by borrowing more , heh . )
We get it : digitally printing trillions in excess of actual productivity eventually destroys the purchasing power of the over-issued currency .
We also get the need to keep interest rates at near-zero so governments can fund endless trillions in stimulus and other giveaways–billions to the billionaires and a trickle of bread-and-circuses to the debt-serfs .
But this isn ’ t the full list of dynamics in play @ @ @ @ @ @ @ on a number of factors : yield ( the interest rate paid by the issuing central bank ) being one , the amount of global debt denominated in the currency being another and the demands of global trade being a third .
Ultimately , every currency is a derivative contract on the resilience , adaptability and innovative capacity of its economy .
Every currency is a social construct that reflects the security of social contracts within the issuing economy , and the perceived security of the currency in the global marketplace .
The @ @ @ @ @ @ @ but they also conflict .
This is Triffin ’ s Paradox , which I ’ ve discussed for years .
In a nutshell , the paradox is every central bank with a global role as well as a domestic role serves two competing audiences : the domestic economy and the global economy .
There is no way to serve both .
The domestic exporters want a weaker currency , while foreign owners want a stronger currency .
Understanding the “ Exorbitant Privilege ” of the U.S. Dollar ( November 19 , 2012 ) @ @ @ @ @ @ @ anything else goes up : scarcity and demand .
If the Fed over-issues USD , scarcity value falls .
If non-domestic borrowers take loans denominated in USD , demand rises as this debt must be serviced and eventually paid off in USD .
The Fed ’ s mandates that are constantly repeated are all about the domestic economy : maintaining control of inflation ( Goldilocks : not too hot , not too cold ) and domestic employment ( if unemployment skyrockets and wages plummet , the debt-serfs might revolt ) .
But the @ @ @ @ @ @ @ to maintain USD global supremacy .
Unbelievable as it is to the unwashed masses and the clueless punditry , the domestic economy ( and the stock market ) are sideshows compared to the primacy of the mandate to maintain USD supremacy as the one and only essential reserve currency .
To maintain global supremacy as the one essential reserve currency , the Fed must balance scarcity and demand .
The pandemic illustrated the Fed ’ s dual role and the conflicting demands of being America ’ s central bank and the central bank @ @ @ @ @ @ @ keep the domestic economy and stock market from imploding , the Fed digitally printed $ 3 trillion and unleashed it as flood waters , raising all boats to some degree .
As the global central bank , it opened stupendous lines of credit , repo ’ s and currency swaps with other central banks to exceed global demand for USD , lest a soaring USD snuff the global stock market rally , a rally the Fed saw as the one essential signaling mechanism that the global economy was recovering .
This over-supply of @ @ @ @ @ @ @ ’ s value by eliminating scarcity–it didn ’ t affect demand which continues unabated .
Now that this one-off emergency response has done its job , the Fed has to switch back to defending the dollar ’ s value .
The clueless punditry is absolutely certain that the Fed is going to drive bond yields to zero or even below .
The reason why this is clueless is the punditry are only looking at the secondary mandates of the Fed and ignoring its Prime Directive : maintain USD supremacy .
Pushing rates negative @ @ @ @ @ @ @ is a sure way to reduce scarcity and demand , so those are not going to happen .
Rather , U.S. yields will start rising–maybe in fits and starts , but they will start moving up longer term .
And the Fed isn ’ t going to over-supply the global economy with dollars ; they ’ re going to start limiting the excess issuance , not publicly but behind closed doors .
Scarcity and demand will both rise , dragging the dollar higher .
Don ’ t bother asking why or how , @ @ @ @ @ @ @ every financial pundit pounding the table for zero or even negative yields .
Yields may dip and weave from month to month , but watch the trend .
Just as all currency is a social construct , trust in the liquidity and transparency of the currency ’ s market value is the essential ingredient in a currency ’ s valuation .
The only way to establish a trustworthy measure of liquidity and transparency is to allow the currency to float freely on the global FX exchange .
Issuing nations who want to control @ @ @ @ @ @ @ holder of the currency can be sure the value won ’ t be manipulated to serve the issuer ’ s political agenda .
You can ’ t control the global value of your currency and have a reserve currency .
This is where the punditry are again clueless .
China does not seem particularly keen to relinquish control of its currency ( RMB ) to market forces .
Thus it maintains a peg to the USD to retain control of the RMB ’ s value on global exchanges .
The demand for RMB @ @ @ @ @ @ @ about a 2 % share of global trade and an equally minimal role in global debt denominated in RMB .
To increase the global role of the RMB , China will have to end the USD peg and let the RMB and its sovereign bonds float freely and be priced by the market .
In other words , they ’ ll have to relinquish the direct control they currently have over the RMB ’ s valuation .
Triffin ’ s Paradox demands painful trade-offs to issue a reserve currency , and it demands @ @ @ @ @ @ @ audiences and markets .
This is why some economists believe the U.S. would be better served by giving up the reserve currency and thus be free to serve only the domestic economy .
This makes very good sense , but it overlooks one little thing : America ’ s global empire .
The Imperial Project requires USD supremacy , period .
Nothing less will do , and so that is the Fed ’ s single Prime Directive .
Audiobook edition now available : Will You Be Richer or Poorer ?
: Profit , @ @ @ @ @ @ @ World ( $ 13 ) ( Kindle $ 6.95 , print $ 11.95 ) Read the first section for free ( PDF ) .
Pathfinding our Destiny : Preventing the Final Fall of Our Democratic Republic ( $ 6.95 ( Kindle ) , $ 12 ( print ) , $ 13.08 ( audiobook ) : Read the first section for free ( PDF ) .
The Adventures of the Consulting Philosopher : The Disappearance of Drake $ 1.29 ( Kindle ) , $ 8.95 ( print ) ; read the first chapters for @ @ @ @ @ @ @ Unchained $ 6.95 ( Kindle ) , $ 15 ( print ) Read the first section for free ( PDF ) .
If you found value in this content , please join me in seeking solutions by becoming a $ 1/month patron of my work via patreon.com .

by Charles Hugh-Smith
Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets.
Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero. This sense of certitude is interesting, given that no empire prospered by devaluing its currency. Rather, devaluing the currency is a sure path to dissolution and collapse of the empire. This dynamic–devaluation leads to decline and collapse–is not exactly a secret.
So what all those proclaiming the death of the USD are saying is the Imperial Project is consciously choosing suicide, all to boost the U.S. stock market which is now little more than a signaling mechanism and a means of accelerating wealth inequality, as the billionaire class and the billionaire wannabe’s in the top .01% are the primary winners as stocks reach new highs.
(Recall that the U.S. economy is best described as anything goes and winners take most.)
Taking it one step further, those predicting the collapse of the U.S. dollar are predicting that not only will the Empire choose suicide, so will the billionaires because what will their fortunes be worth if the USD goes to zero?
The USD-is-dead crowd (and it is a crowd) present the demise as ordained by some mysterious force, as if the Empire has no will or power to resist the inevitable slide to zero. The helpless giant can only watch as the Federal Reserve debauches the dollar to boost stocks and float the mountains of debt required to keep the U.S. economy from imploding.
The USD-is-dead crowd also seems to overlook the inconvenient fact that all the other issuers of fiat currency are busy debauching their currencies, too by the same mechanisms: the endless digital printing of new currency, distributed to already-insanely-wealthy financiers and corporations. (Debt-serfs can “save themselves” by borrowing more, heh.)
We get it: digitally printing trillions in excess of actual productivity eventually destroys the purchasing power of the over-issued currency. We also get the need to keep interest rates at near-zero so governments can fund endless trillions in stimulus and other giveaways–billions to the billionaires and a trickle of bread-and-circuses to the debt-serfs.
But this isn’t the full list of dynamics in play. The demand for currency is based on a number of factors: yield (the interest rate paid by the issuing central bank) being one, the amount of global debt denominated in the currency being another and the demands of global trade being a third.
Ultimately, every currency is a derivative contract on the resilience, adaptability and innovative capacity of its economy. Every currency is a social construct that reflects the security of social contracts within the issuing economy, and the perceived security of the currency in the global marketplace.
The two are related, of course; but they also conflict. This is Triffin’s Paradox, which I’ve discussed for years. In a nutshell, the paradox is every central bank with a global role as well as a domestic role serves two competing audiences: the domestic economy and the global economy.
There is no way to serve both. The domestic exporters want a weaker currency, while foreign owners want a stronger currency.
Understanding the “Exorbitant Privilege” of the U.S. Dollar (November 19, 2012)
The Federal Reserve, Interest Rates and Triffin’s Paradox (November 19, 2015)
The dollar rises for the same reason anything else goes up: scarcity and demand. If the Fed over-issues USD, scarcity value falls. If non-domestic borrowers take loans denominated in USD, demand rises as this debt must be serviced and eventually paid off in USD.
The Fed’s mandates that are constantly repeated are all about the domestic economy: maintaining control of inflation (Goldilocks: not too hot, not too cold) and domestic employment (if unemployment skyrockets and wages plummet, the debt-serfs might revolt).
But the Fed’s one controlling mandate is to maintain USD global supremacy. Unbelievable as it is to the unwashed masses and the clueless punditry, the domestic economy (and the stock market) are sideshows compared to the primacy of the mandate to maintain USD supremacy as the one and only essential reserve currency.
To maintain global supremacy as the one essential reserve currency, the Fed must balance scarcity and demand. The pandemic illustrated the Fed’s dual role and the conflicting demands of being America’s central bank and the central bank of the global reserve currency.
To keep the domestic economy and stock market from imploding, the Fed digitally printed $3 trillion and unleashed it as flood waters, raising all boats to some degree.
As the global central bank, it opened stupendous lines of credit, repo’s and currency swaps with other central banks to exceed global demand for USD, lest a soaring USD snuff the global stock market rally, a rally the Fed saw as the one essential signaling mechanism that the global economy was recovering.
We are primarily funded by readers. Please subscribe and donate to support us!
This over-supply of USD was calculated to suppress the dollar’s value by eliminating scarcity–it didn’t affect demand which continues unabated.
Now that this one-off emergency response has done its job, the Fed has to switch back to defending the dollar’s value. The clueless punditry is absolutely certain that the Fed is going to drive bond yields to zero or even below. The reason why this is clueless is the punditry are only looking at the secondary mandates of the Fed and ignoring its Prime Directive: maintain USD supremacy.
Pushing rates negative and flooding the global economy with USD is a sure way to reduce scarcity and demand, so those are not going to happen.
Rather, U.S. yields will start rising–maybe in fits and starts, but they will start moving up longer term. And the Fed isn’t going to over-supply the global economy with dollars; they’re going to start limiting the excess issuance, not publicly but behind closed doors.
Scarcity and demand will both rise, dragging the dollar higher. Don’t bother asking why or how, just watch the yields click higher despite every financial pundit pounding the table for zero or even negative yields. Yields may dip and weave from month to month, but watch the trend.
Just as all currency is a social construct, trust in the liquidity and transparency of the currency’s market value is the essential ingredient in a currency’s valuation. The only way to establish a trustworthy measure of liquidity and transparency is to allow the currency to float freely on the global FX exchange. Issuing nations who want to control the value are intrinsically untrustworthy as no holder of the currency can be sure the value won’t be manipulated to serve the issuer’s political agenda.
You can’t control the global value of your currency and have a reserve currency. This is where the punditry are again clueless. China does not seem particularly keen to relinquish control of its currency (RMB) to market forces. Thus it maintains a peg to the USD to retain control of the RMB’s value on global exchanges.
The demand for RMB is thus limited. The RMB has about a 2% share of global trade and an equally minimal role in global debt denominated in RMB. To increase the global role of the RMB, China will have to end the USD peg and let the RMB and its sovereign bonds float freely and be priced by the market.
In other words, they’ll have to relinquish the direct control they currently have over the RMB’s valuation.
Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets. This is why some economists believe the U.S. would be better served by giving up the reserve currency and thus be free to serve only the domestic economy.
This makes very good sense, but it overlooks one little thing: America’s global empire. The Imperial Project requires USD supremacy, period. Nothing less will do, and so that is the Fed’s single Prime Directive.
Recent Podcasts:
AxisOfEasy Salon #17: Cognitive Conquest and Thinking the Unthinkable
My COVID-19 Pandemic Posts
My recent books:
Audiobook edition now available:
Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World ($13)
(Kindle $6.95, print $11.95) Read the first section for free (PDF).
Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 (Kindle), $12 (print), $13.08 ( audiobook): Read the first section for free (PDF).
The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)
Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.


investmentwatchblog--2020-08-19--Young Turks: Biden cannot win

Young Turks: Biden cannot win

There was a link posted in a different thread that lead to a Trump campaign short showing the Trump train @ @ @ @ @ and slowly after by Biden on a railed cart speaking all sorts of jiberish .
@ @ @ @ @ While sharing this with a group of liberal friends , they denied that Joe had @ @ @ @ @ , I had previously seen a video showing him say it , but searched for @ @ @ @ @ present them with .
That ’ s when I came across one by The Young @ @ @ @ @ the all were in psych wards after their dramatic meltdown last election .
I guess @ @ @ @ @ this election year .
Anyways , they talk about how creepy Joe is and discuss @ @ @ @ @ go on to say ( 6:05 ) that “ if Biden were the democratic nominee @ @ @ @ @ would lose to Trump , 100 % ” I ’ m seeing another meltdown in @ @ @ @

There was a link posted in a different thread that lead to a Trump campaign short showing the Trump train careening by, followed shortly and slowly after by Biden on a railed cart speaking all sorts of jiberish. It’s hilarious.
Here’s the link:
While sharing this with a group of liberal friends, they denied that Joe had said these things. Now, I had previously seen a video showing him say it, but searched for a better quality one to present them with.
We are primarily funded by readers. Please subscribe and donate to support us!
That’s when I came across one by The Young Turks. Personally I thought the all were in psych wards after their dramatic meltdown last election. I guess they are back at it this election year. Anyways, they talk about how creepy Joe is and discuss the clip of his jiberish….and go on to say (6:05) that “if Biden were the democratic nominee, that 100% he would lose to Trump, 100%”
I’m seeing another meltdown in their near future.
AC


investmentwatchblog--2020-08-19--“Short #dollar” is now the world’s most “consensus trade”, so commercials are at their most long sin

“Short #dollar” is now the world’s most “consensus trade”, so commercials are at their most long since December 2012.

`` Short # dollar '' is now the world 's most `` consensus trade '' , so commercials are at @ @ @ @ @ 2012 .
# USD > t.co/J5O6qQcBdn pic.twitter.com/cxkEYwyEXY

"Short #dollar" is now the world's most "consensus trade", so commercials are at their most long since December 2012. #USD > t.co/J5O6qQcBdn pic.twitter.com/cxkEYwyEXY
— Forex Databank (@ForexDatabank) August 17, 2020


investmentwatchblog--2020-08-19--Video of Beirut blast hitting hospital

Video of Beirut blast hitting hospital

This is pretty trippy.. Who ever is flying this drone is a super expert…
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Messager


investmentwatchblog--2020-08-19--Goodbye Dollar!!!!!! The Federal Reserve NWO Plan is Revealed!

For those who think this is still about Con-Vid-19 , just ask yourself a question ; Who ’ s benefiting @ @ @ @ @ ” This is about THE biggest wealth and power transfer in the world .
They @ @ @ @ @ , bring people to their knees and make them beg for a ONE WORLD DIGITAL @ @ @ @ @ that happen we deserve what ’ s coming .

For those who think this is still about Con-Vid-19, just ask yourself a question; Who’s benefiting during this “pandemic?” This is about THE biggest wealth and power transfer in the world. They want to decimate the dollar, bring people to their knees and make them beg for a ONE WORLD DIGITAL CURRENCY. If we let that happen we deserve what’s coming.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-08-19--Absolutely massive protests have erupted across South Korea. Protestors are demanding a loosing of #

When are we gon na stop asking the politicians permission and just go live our lives ?
The Koreans are @ @ @ @ @ s done .

Absolutely massive protests have erupted across South Korea. Protestors are demanding a loosing of #COVID19 restrictions. pic.twitter.com/VWfdCToaUz — SV News 🚨 (@SVNewsAlerts) August 17, 2020
When are we gonna stop asking the politicians permission and just go live our lives?
The Koreans are showing us how it’s done.
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Venus230


investmentwatchblog--2020-08-19--Here’s How 2020 Compares with the Great Depression (VIDEO)

It ’ s undeniable that we ’ re heading into an economic crisis , but how bad are things really ?
Pundits are making comparisons to the Great Depression based on unemployment numbers , looming evictions , and unprecedented lines at food banks .
But does our situation actually compare to the worst economic downturn in the industrialized world ?
This video analysis by Brian Duff compares our current-day crisis and the one that began in 1929 and the similarities are pretty alarming .
Also , this is a new YouTube channel I strongly recommend .
It ’ s going @ @ @ @ @ @ @ me when I tell you that you ’ re going to want to subscribe and give him a “ like.
” The biggest difference I see between these two eras – and this is the thing that will be our downfall – is that we are now a nation of consumers instead of producers .
Back in the 1920s and 1930s , people had the skills required to do things like producing food , preserving their harvests , and building structures , to name a few .
In our current time , skills @ @ @ @ @ @ @ outside the preparedness and homesteading world .
This lack of skills will carry over into a much more dependent populace in our current day and age .
Our government will not be able to continue providing for people as this crisis snowballs .
We ’ ve already seen widespread shortages that began as the pandemic began to become a reality here , and those really haven ’ t resolved themselves .
Essentials from China have remained limited , as predicted .
I think we can all imagine what will happen once the access @ @ @ @ @ @ @ and money becomes even more limited .
How do you think these eras compare ?
When you look at these two eras , do you see similarities ?
What are your thoughts on the current crisis and what do you suggest for those who want to be better prepared ?

by Daisy Luther
It’s undeniable that we’re heading into an economic crisis, but how bad are things really? Pundits are making comparisons to the Great Depression based on unemployment numbers, looming evictions, and unprecedented lines at food banks. But does our situation actually compare to the worst economic downturn in the industrialized world?
This video analysis by Brian Duff compares our current-day crisis and the one that began in 1929 and the similarities are pretty alarming. Also, this is a new YouTube channel I strongly recommend. It’s going to have some incredible information – trust me when I tell you that you’re going to want to subscribe and give him a “like.”
(Don’t forget to subscribe to this channel. You won’t regret it.)
We are primarily funded by readers. Please subscribe and donate to support us!
The biggest difference I see between these two eras – and this is the thing that will be our downfall – is that we are now a nation of consumers instead of producers. Back in the 1920s and 1930s, people had the skills required to do things like producing food, preserving their harvests, and building structures, to name a few. In our current time, skills like this are few and far between outside the preparedness and homesteading world.
This lack of skills will carry over into a much more dependent populace in our current day and age. Our government will not be able to continue providing for people as this crisis snowballs. We’ve already seen widespread shortages that began as the pandemic began to become a reality here, and those really haven’t resolved themselves. Essentials from China have remained limited, as predicted.
I think we can all imagine what will happen once the access to food, resources, shelter, and money becomes even more limited.
How do you think these eras compare?
When you look at these two eras, do you see similarities? What are your thoughts on the current crisis and what do you suggest for those who want to be better prepared?


investmentwatchblog--2020-08-19--Gold, Silver And Mining Stocks Smell The Demise Of The Dollar

The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday .
To be sure , this was a factor in the move on Monday .
However the precious metals are starting to price in the next round of money printing by the Fed and the coming avalanche of new Treasury bonds , both of which will be considerable in quantity and serve to further devalue the U.S. dollar .
On that note , the US dollar index tumbled below 93 on Monday .
In addition , per the TIC report @ @ @ @ @ @ @ into and out of U.S. securities , foreign entities led by China dumped $ 20.6 billion worth of Treasury securities in June .
The message is clear : the Fed will need to be a large buyer of the upcoming Treasury bond issuance and the precious metals sector loves the smell of this .
Chris Marcus ( Arcadia Economics ) and I discuss last week ’ s one-day price pullback in the precious metals sector and factors that will drive gold , silver and the mining stocks up to levels that may even @ @ @ @ @ @ @ junior and larger cap stock ideas have had huge moves higher .
I will be discussing what to do with these stocks in the next few issues of my Mining Stock Journal plus presenting any new ideas I uncover that have yet to be widely discovered .
You can learn more about Investment Research Dynamic ’ s newsletters by following these links ( note : a minimum subscription period beyond the 1st month is not required ) : Short Seller ’ s Journal subscription information Note : I do not receive any promotion @ @ @ @ @ @ @ the mining stock companies I present in my newsletter .
Furthermore , I invest in many of the ideas personally or in my fund .

by Dave Kranzler of Investment Research Dynamics
The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday. To be sure, this was a factor in the move on Monday. However the precious metals are starting to price in the next round of money printing by the Fed and the coming avalanche of new Treasury bonds, both of which will be considerable in quantity and serve to further devalue the U.S. dollar. On that note, the US dollar index tumbled below 93 on Monday. In addition, per the TIC report which shows the flow of international capital into and out of U.S. securities, foreign entities led by China dumped $20.6 billion worth of Treasury securities in June.
The message is clear: the Fed will need to be a large buyer of the upcoming Treasury bond issuance and the precious metals sector loves the smell of this.
We are primarily funded by readers. Please subscribe and donate to support us!
Chris Marcus (Arcadia Economics) and I discuss last week’s one-day price pullback in the precious metals sector and factors that will drive gold, silver and the mining stocks up to levels that may even surprise jaded goldbugs:
Several of my junior and larger cap stock ideas have had huge moves higher. I will be discussing what to do with these stocks in the next few issues of my Mining Stock Journal plus presenting any new ideas I uncover that have yet to be widely discovered. You can learn more about Investment Research Dynamic’s newsletters by following these links (note: a minimum subscription period beyond the 1st month is not required): Short Seller’s Journal subscription information
Note: I do not receive any promotion or sponsor payments in any form from the mining stock companies I present in my newsletter. Furthermore, I invest in many of the ideas personally or in my fund.


investmentwatchblog--2020-08-19--MSM Outlets Alter Picture Of Joe Biden To Remove Glaring Evidence Of Cognitive Decline

( Natural News ) During a recent call to Kamala Harris asking her to be his running mate , presidential hopeful Joe Biden was caught staring at a cheat sheet that apparently contained the very simple words he was supposed to say , demonstrating his continued mental decline .
What should have been a very basic would you like to be vice president in my administration if I win ?
type of conversation appears to have been so daunting for Biden that he had to have a script underneath his mobile phone to use as reference for his invitation .
@ @ @ @ @ @ @ , Biden was clearly using this piece of paper as a guide to remember the simple question he was supposed to ask Kamala , who appeared to have been expecting his call , meaning she was well aware beforehand that she was Biden ’ s pick .
This image , however , is not the same one that was used by MSNBC to report on Biden ’ s pick for VP .
Instead , the fake news outlet used the below image , which was deliberately altered to hide Biden ’ s cheat @ @ @ @ @ @ @ sound than he actually is in real life .
What MSBNC did was add an erroneous blue and white blip pattern above its “ Breaking News ” banner that conveniently blotted out Biden ’ s cheat sheet , only showing a portion of his face , hands , and mobile phone .
CNN hid cheat sheet and Biden holding his phone upside down MSNBC failed , however , to hide the fact that Biden was holding his phone upside down , as seen if you look closely at the phone screen and where @ @ @ @ @ @ @ While Biden may have simply been holding his phone upside down to point its microphone at the computer screen from which Kamala was seen talking to him , CNN took the time to cover that part up as well from its reporting on the call , in which both Biden ’ s cheat sheet and his upside down phone were conveniently hidden from a CNN banner that read : “ Soon : Biden & Harris to Appear Together in Delaware ” As we have come to expect from the lying mainstream media , @ @ @ @ @ @ @ Biden appear mentally sound and fit for office , when the exact opposite is actually true .
Coupled with Biden ’ s numerous incoherent interviews and other bouts of nonsensical rambling , it is beyond apparent that the 77-year-old is unfit for office .
What this means is that , should Biden win , yet lose his ability to govern , Kamala would supersede him and become president .
And if Biden is not replaced at the last minute as some suspect , America can almost expect to have Kamala become president at @ @ @ @ @ @ @ .
Americans need to be paying close attention to all of this because as entertaining as it might be to watch Biden stumble through sentences trying to form a cogent thought , he does not appear to be the true Democratic pick this fall .
Time will tell if he even gets nominated , but if he does , the country needs to be prepared for a Kamala takeover .
Either that or Biden really is just meant to be a senile “ puppet ” or “ filler ” president whose strings will @ @ @ @ @ @ @ life of his presidency .
“ The debates will show the true extent of Joe ’ s dementia , ” wrote one Twitter user in response to the news about the doctored images .
“ It is a sad state of affairs in the party of evil .
”

by Ethan Huff of Natural News
(Natural News) During a recent call to Kamala Harris asking her to be his running mate, presidential hopeful Joe Biden was caught staring at a cheat sheet that apparently contained the very simple words he was supposed to say, demonstrating his continued mental decline.
What should have been a very basic would you like to be vice president in my administration if I win? type of conversation appears to have been so daunting for Biden that he had to have a script underneath his mobile phone to use as reference for his invitation.
As you can see in the photo, Biden was clearly using this piece of paper as a guide to remember the simple question he was supposed to ask Kamala, who appeared to have been expecting his call, meaning she was well aware beforehand that she was Biden’s pick.
This image, however, is not the same one that was used by MSNBC to report on Biden’s pick for VP. Instead, the fake news outlet used the below image, which was deliberately altered to hide Biden’s cheat sheet and make him appear more cognitively sound than he actually is in real life.
What MSBNC did was add an erroneous blue and white blip pattern above its “Breaking News” banner that conveniently blotted out Biden’s cheat sheet, only showing a portion of his face, hands, and mobile phone.
CNN hid cheat sheet and Biden holding his phone upside down
MSNBC failed, however, to hide the fact that Biden was holding his phone upside down, as seen if you look closely at the phone screen and where the iPhone home button is located.
While Biden may have simply been holding his phone upside down to point its microphone at the computer screen from which Kamala was seen talking to him, CNN took the time to cover that part up as well from its reporting on the call, in which both Biden’s cheat sheet and his upside down phone were conveniently hidden from a CNN banner that read:
“Soon: Biden & Harris to Appear Together in Delaware”
As we have come to expect from the lying mainstream media, all efforts are being made to make Biden appear mentally sound and fit for office, when the exact opposite is actually true.
We are primarily funded by readers. Please subscribe and donate to support us!
Coupled with Biden’s numerous incoherent interviews and other bouts of nonsensical rambling, it is beyond apparent that the 77-year-old is unfit for office.
What this means is that, should Biden win, yet lose his ability to govern, Kamala would supersede him and become president. And if Biden is not replaced at the last minute as some suspect, America can almost expect to have Kamala become president at some point during the next four years.
Americans need to be paying close attention to all of this because as entertaining as it might be to watch Biden stumble through sentences trying to form a cogent thought, he does not appear to be the true Democratic pick this fall.
Time will tell if he even gets nominated, but if he does, the country needs to be prepared for a Kamala takeover. Either that or Biden really is just meant to be a senile “puppet” or “filler” president whose strings will be pulled by his controllers for the life of his presidency.
“The debates will show the true extent of Joe’s dementia,” wrote one Twitter user in response to the news about the doctored images. “It is a sad state of affairs in the party of evil.”
Sources for this article include:
Twitter.com
Twitter.com
NaturalNews.com


investmentwatchblog--2020-08-19--China: Deja vu all over again

China: Deja vu all over again

China ’ s Summer Grain Acquisitions Fell , but State Reported Grain Harvest Was “ Highest in History ” Chinascope A government report showing the progress of summer grain acquisitions , released on Wednesday August 12 , showed that wheat purchases in regions including Hebei , Jiangsu , Anhui , Shandong , and Henan dropped by 18 percent .
However , the state media in Jiangsu and Henan announced “ good news.
” The media claimed that the summer grain harvest “ stayed at the highest level in history.
” In the past few months , disastrous events have occurred @ @ @ @ @ @ @ and crops have seen severe damage .
However , Zhou Xuewen , the deputy Minister of Emergency Management and deputy Minister of Water Resources , boldly predicted at a recent press conference that the year 2020 will be a great year of harvest .
He stated , “ The year of flooding is often the year of harvest and will be the harvest of ( double-crops and ) late rice .
Why ?
The water conditions are better , and the soil is fertile .
Our disaster relief measures and our post-disaster recovery @ @ @ @ @ @ @ restoration and planting management , as well as some technologies being used , mean that I don ’ t think food will be affected this year.
” The website of the National Food and Strategic Reserves Administration published the progress of the summer grain purchases .
As of August 5 , the total purchase of wheat in the main producing areas was about 42.85 million tons , a drop of about 9.38 million tons , or 18 percent , on a year-on-year basis .
The CCP has always made use of Party agendas @ @ @ @ @ @ @ the Cultural Revolution this resulted in catastrophic starvation while the Party claimed historic grain yields .
Do you hear the echo ?
“ The Great Famine was falsely labeled a “ Three-Year Natural Disaster ” by the CCP .
In fact , those three years had favorable weather conditions without any massive natural disasters like flooding , drought , hurricane , tsunami , earthquake , frost , freeze , hail or plague of locusts .
The “ disaster ” was entirely caused by man .
The Great Leap Forward campaign required everyone in @ @ @ @ @ @ @ forcing farmers to leave their crops to rot in the field .
Despite this , officials in every region escalated their claims on production yields .
He Yiran , the First Secretary of the Party Committee of Liuzhou Prefecture , fabricated all by himself the shocking yield of “ 65,000 kilograms of paddy rice per mu [ 14 ] ” in Huanjiang County .
This was right after the Lushan Plenum when the CCP ’ s anti-rightist movement spread out to the entire country .
In order to demonstrate that the CCP was @ @ @ @ @ @ @ were expropriated by the government as a form of taxation according to these exaggerated yields .
Consequently , the grain rations , seeds and staple foods of the peasants were all confiscated .
When the demand still could not be met , the peasants were accused of hiding their crops .
He Yiran once said that they must strive to get first place in the competition for highest yield no matter how many people in Liuzhou would die .
Some peasants were deprived of everything , with only some handfuls of rice left @ @ @ @ @ @ @ Party Committee of Xunle District , Huanjiang County even issued an order to forbid cooking , preventing the peasants from eating the crops .
Patrols were conducted by militiamen at night .
If they saw light from a fire , they would proceed with a search and raid .
Many peasants did not even dare to cook edible wild herbs or bark , and died of starvation .
from Commentary 7 : On the Chinese Communist Party ’ s History of Killing From the national archives of Russia .
Revelations from the Russian @ @ @ @ @ @ @ engulfed Ukraine , the northern Caucasus , and the lower Volga River area in 1932–1933 was the result of Joseph Stalin ’ s policy of forced collectivization .
The heaviest losses occurred in Ukraine , which had been the most productive agricultural area of the Soviet Union .
Stalin was determined to crush all vestiges of Ukrainian nationalism .
Thus , the famine was accompanied by a devastating purge of the Ukrainian intelligentsia and the Ukrainian Communist party itself .
The famine broke the peasants ’ will to resist collectivization and left Ukraine @ @ @ @ @ @ @ .
The policy of all-out collectivization instituted by Stalin in 1929 to finance industrialization had a disastrous effect on agricultural productivity .
Nevertheless , in 1932 Stalin raised Ukraine ’ s grain procurement quotas by forty-four percent .
This meant that there would not be enough grain to feed the peasants , since Soviet law required that no grain from a collective farm could be given to the members of the farm until the government ’ s quota was met .
Stalin ’ s decision and the methods used to implement it condemned @ @ @ @ @ @ @ .
Party officials , with the aid of regular troops and secret police units , waged a merciless war of attrition against peasants who refused to give up their grain .
Even indispensable seed grain was forcibly confiscated from peasant households .
Any man , woman , or child caught taking even a handful of grain from a collective farm could be , and often was , executed or deported .
www.loc.gov/exhibits/archives/ukra.html Even though the harvest would have been adequate to meet former quotas , the quota demanded by Stalin threw the country @ @ @ @ @ @ @ early case of starvation as a tool of oppression by a Communist government .

China’s Summer Grain Acquisitions Fell, but State Reported Grain Harvest Was “Highest in History”
Chinascope
A government report showing the progress of summer grain acquisitions, released on Wednesday August 12, showed that wheat purchases in regions including Hebei, Jiangsu, Anhui, Shandong, and Henan dropped by 18 percent. However, the state media in Jiangsu and Henan announced “good news.” The media claimed that the summer grain harvest “stayed at the highest level in history.”
In the past few months, disastrous events have occurred in major agriculturally productive regions in China and crops have seen severe damage. However, Zhou Xuewen, the deputy Minister of Emergency Management and deputy Minister of Water Resources, boldly predicted at a recent press conference that the year 2020 will be a great year of harvest. He stated, “The year of flooding is often the year of harvest and will be the harvest of (double-crops and) late rice. Why? The water conditions are better, and the soil is fertile. Our disaster relief measures and our post-disaster recovery and reconstruction, along with our strengthened restoration and planting management, as well as some technologies being used, mean that I don’t think food will be affected this year.”
The website of the National Food and Strategic Reserves Administration published the progress of the summer grain purchases. As of August 5, the total purchase of wheat in the main producing areas was about 42.85 million tons, a drop of about 9.38 million tons, or 18 percent, on a year-on-year basis.
chinascope.org/archives/24227
The CCP has always made use of Party agendas to control the population, and during the Cultural Revolution this resulted in catastrophic starvation while the Party claimed historic grain yields. Do you hear the echo?
“The Great Famine was falsely labeled a “Three-Year Natural Disaster” by the CCP. In fact, those three years had favorable weather conditions without any massive natural disasters like flooding, drought, hurricane, tsunami, earthquake, frost, freeze, hail or plague of locusts. The “disaster” was entirely caused by man. The Great Leap Forward campaign required everyone in China to become involved in steel-making, forcing farmers to leave their crops to rot in the field. Despite this, officials in every region escalated their claims on production yields. He Yiran, the First Secretary of the Party Committee of Liuzhou Prefecture, fabricated all by himself the shocking yield of “65,000 kilograms of paddy rice per mu [14]” in Huanjiang County. This was right after the Lushan Plenum when the CCP’s anti-rightist movement spread out to the entire country. In order to demonstrate that the CCP was correct all the time, the crops were expropriated by the government as a form of taxation according to these exaggerated yields. Consequently, the grain rations, seeds and staple foods of the peasants were all confiscated. When the demand still could not be met, the peasants were accused of hiding their crops.
He Yiran once said that they must strive to get first place in the competition for highest yield no matter how many people in Liuzhou would die. Some peasants were deprived of everything, with only some handfuls of rice left hidden in the urine basin. The Party Committee of Xunle District, Huanjiang County even issued an order to forbid cooking, preventing the peasants from eating the crops. Patrols were conducted by militiamen at night. If they saw light from a fire, they would proceed with a search and raid. Many peasants did not even dare to cook edible wild herbs or bark, and died of starvation.
We are primarily funded by readers. Please subscribe and donate to support us!
from Commentary 7: On the Chinese Communist Party’s History of Killing
www.ninecommentaries.com/english-7
From the national archives of Russia.
Revelations from the Russian Archives
UKRAINIAN FAMINE
The dreadful famine that engulfed Ukraine, the northern Caucasus, and the lower Volga River area in 1932–1933 was the result of Joseph Stalin’s policy of forced collectivization. The heaviest losses occurred in Ukraine, which had been the most productive agricultural area of the Soviet Union. Stalin was determined to crush all vestiges of Ukrainian nationalism. Thus, the famine was accompanied by a devastating purge of the Ukrainian intelligentsia and the Ukrainian Communist party itself. The famine broke the peasants’ will to resist collectivization and left Ukraine politically, socially, and psychologically traumatized.
The policy of all-out collectivization instituted by Stalin in 1929 to finance industrialization had a disastrous effect on agricultural productivity. Nevertheless, in 1932 Stalin raised Ukraine’s grain procurement quotas by forty-four percent. This meant that there would not be enough grain to feed the peasants, since Soviet law required that no grain from a collective farm could be given to the members of the farm until the government’s quota was met. Stalin’s decision and the methods used to implement it condemned millions of peasants to death by starvation. Party officials, with the aid of regular troops and secret police units, waged a merciless war of attrition against peasants who refused to give up their grain. Even indispensable seed grain was forcibly confiscated from peasant households. Any man, woman, or child caught taking even a handful of grain from a collective farm could be, and often was, executed or deported.
www.loc.gov/exhibits/archives/ukra.html
Even though the harvest would have been adequate to meet former quotas, the quota demanded by Stalin threw the country into famine, killing millions.
An early case of starvation as a tool of oppression by a Communist government.
h/t Lily


investmentwatchblog--2020-08-19--New Zealand Has Rejected All Principles of a Free Society

It is one thing to have free markets where we can trade even for a living .
But what is @ @ @ @ @ whirlwind of complete authoritarian insanity .
COVID-19 is not any more lethal than the annual @ @ @ @ @ governments going completely insane destroying all our freedoms ?
Are politicians this stupid ?
Or @ @ @ @ @ selling out to the highest bidder ?
New Zealand has adopted the prison camp approach @ @ @ @ @ released until to accept their testing .
Keep in mind , they will incarcerate your @ @ @ @ @ any other family member who has visited .
This is like the Japanese Internment Camps @ @ @ @ @ They will use force to take you to their prison camps if you resist .

by Martin Armstrong
It is one thing to have free markets where we can trade even for a living. But what is unfolding around us is a whirlwind of complete authoritarian insanity. COVID-19 is not any more lethal than the annual flue. So why are governments going completely insane destroying all our freedoms? Are politicians this stupid? Or have they simply been bought selling out to the highest bidder?
We are primarily funded by readers. Please subscribe and donate to support us!
New Zealand has adopted the prison camp approach. You will not be released until to accept their testing. Keep in mind, they will incarcerate your entire household as well as any other family member who has visited. This is like the Japanese Internment Camps during World War II. They will use force to take you to their prison camps if you resist.


investmentwatchblog--2020-08-19--California is About to Unveil the First Ever Tax on Wealth

Yes , they are coming for your money .
As I first predicted in my booked The Everything Bubble in 2017 , whenever the next crisis hits in the U.S. , the political elites in the U.S. will use it as an excuse to implement wealth taxes and cash grabs .
The COVID-19 pandemic hit in February of 2020 .
And right on cue , within a few months policymakers are calling for wealth taxes .
To fund the insane debt loads cities and states have racked up in the decades leading up to the pandemic .
We ’ ve @ @ @ @ @ @ @ , where congresswoman Alexandria Ocasio-Cortez ( D-NY ) called for a wealth tax on New York billionaires to “ benefit working class ” New Yorkers .
Now California is getting on board , where rather that simply talking about it , the state has introduced an actual piece of legislation that would : 2 ) Implement a 0.4 % “ wealth tax ” , not on income but on actual wealth .
The bill is positioned to tax 0.4 % of wealth ( not including real estate ) for anyone worth over $ @ @ @ @ @ @ @ that wealth taxes would stop there , I ’ ve got a bridge in Brooklyn to sell you .
Like every other horrible policy of the last 20 years , the way this is done is by introducing a version of the policy that would be palatable to the average American .
In this case it ’ s “ taxing billionaires ” or the “ super wealthy.
” This same story played out with both the Patriot Act and Obamacare .
The political elite always sell the American people on aggressive policies by @ @ @ @ @ @ @ manner possible .
After all , who could be against the government spying on people if it is designed to just target terrorists ?
And who could be against the government taking over healthcare if you can keep your doctor and will save $ 2,500 per year on your healthcare bills ?
And who can be against taxing billionaires and multimillionaires 2 % of their net wealth ?
Except that ’ s not the plan at all .
The IMF has already shown us the plan… which is a 10 % tax on @ @ @ @ @ @ @ up sovereign balance sheets ( reduce debt levels ) .
And believe it or not , some of this plan has already been signed into law .
Did you know that in 2011 , the US passed legislation that would allow regulators to : 1 ) Freeze bank accounts and use them to “ bail-in ” financial institutions/ banks .
2 ) Close the “ gates ” on investment funds/ money market funds to stop you from getting your money out .
If you think that ’ s bad , consider that the @ @ @ @ @ @ @ savings during the next crisis/ recession .
If you think this sounds like a “ conspiracy theory ” we ’ ve actually uncovered a secret document outlining exactly how the elites plan to do this .
It was written by a man who has served as an advisor to THREE separate central banks .
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed ’ s sinister plan in our Special Report The Great Global Wealth Grab .
If you think this @ @ @ @ @ @ @ we ’ ve actually uncovered a secret document outlining exactly how the elites plan to do this .
It was written by a man who has served as an advisor to THREE separate central banks .
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed ’ s sinister plan in our Special Report The Great Global Wealth Grab .
We are making just 100 copies available for FREE the general public .
You can pick up a FREE copy at :

Yes, they are coming for your money.
As I first predicted in my booked The Everything Bubble in 2017, whenever the next crisis hits in the U.S., the political elites in the U.S. will use it as an excuse to implement wealth taxes and cash grabs.
The COVID-19 pandemic hit in February of 2020. And right on cue, within a few months policymakers are calling for wealth taxes.
Their reasoning?
To fund the insane debt loads cities and states have racked up in the decades leading up to the pandemic.
We’ve already addressed the situation in New York, where congresswoman Alexandria Ocasio-Cortez (D-NY) called for a wealth tax on New York billionaires to “benefit working class” New Yorkers.
Now California is getting on board, where rather that simply talking about it, the state has introduced an actual piece of legislation that would:
1) Raise income taxes from 13.3% to 16.8%.
2) Implement a 0.4% “wealth tax”, not on income but on actual wealth.
The bill is positioned to tax 0.4% of wealth (not including real estate) for anyone worth over $30 million. But if you think that wealth taxes would stop there, I’ve got a bridge in Brooklyn to sell you.
Like every other horrible policy of the last 20 years, the way this is done is by introducing a version of the policy that would be palatable to the average American. In this case it’s “taxing billionaires” or the “super wealthy.”
This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.
After all, who could be against the government spying on people if it is designed to just target terrorists?
And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?
And who can be against taxing billionaires and multimillionaires 2% of their net wealth?
Except that’s not the plan at all.
The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.
The reasoning?
We are primarily funded by readers. Please subscribe and donate to support us!
To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.
Did you know that in 2011, the US passed legislation that would allow regulators to:
1) Freeze bank accounts and use them to “bail-in” financial institutions/ banks.
2) Close the “gates” on investment funds/ money market funds to stop you from getting your money out.
3) Impose wealth taxes and seize unused assets.
If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.
If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.
If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.
We are making just 100 copies available for FREE the general public.
You can pick up a FREE copy at:
phoenixcapitalmarketing.com/GWG.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-08-19--THE ELITE GRAND SILVER MANIPULATION CONSPIRACY or THE ENERGY CLIFF: Which One Should You Be More Wor

THE ELITE GRAND SILVER MANIPULATION CONSPIRACY or THE ENERGY CLIFF: Which One Should You Be More Worried About?

Conspiracy theories , especially lousy ones , grab the attention of a lot of people .
So , if you want to acquire a lot of followers while making a nice buck doing so , then it pays to continue regurgitating the “ GRAND CONSPIRACY ” mantra .
I see this everywhere in the Alt-Media .
And , it doesn ’ t matter if facts are provided that disproves one of these lousy conspiracy theories , people rather believe in a GREAT SOUNDING LIE than deal with the TRUTH .
This is the subject matter of my article today .
@ @ @ @ @ @ @ out the difference , as I see it , between the “ Great Grand Elite Conspiracy & The Energy Cliff.
” So , when I mention the term “ ENERGY CLIFF , ” the chart below should clarify any doubts or questions .
Nearly 20 years ago , when I first became interested in silver , I followed silver analyst , Ted Butler .
Ted was putting out some interesting work on the silver market during the early 2000s .
However , if you compare Butler ’ s more recent work today , @ @ @ @ @ @ @ than his analysis was in 2002 .
Quite simply , while his analysis is more up to date , it still just focuses only on one issue… Silver Manipulation .
My analysis on the subject of “ Silver Manipulation ” is a bit different than Butler , and the majority of individuals who may call themselves “ Alt-Media followers .
If silver is being manipulated , I can assure you ; it isn ’ t the only asset on the Fed ’ s Intervention Playbook .
Due to the Fed and central bank @ @ @ @ @ @ @ years , including the massive stimulus and liquidity injections since 2008 , the entire market is being manipulated in one way or another .
So , to yell ” FIRE ” in a small town in California when there have been dozens of larger ones in the state at the same time suggests that it ’ s time to get a BIGGER VIEW of the world .
Is Silver Really Worth $ 600 Based On Being $ 50 In 1980 ?
Many analysts have suggested that the silver price on an inflation-adjusted metric @ @ @ @ @ @ @ .
These same precious metals analysts likely acquire this $ 600 price by using John William ’ s Shadowstats inflation data .
Thus , a $ 50 silver price ( $ 49.45 to be exact ) in early 1980 , would be worth $ 600 , adjusted for inflation .
However , there are two sides to the story .
If the primary silver miners were receiving $ 600 an ounce today , then their profit margins would be a mind-blowing 3600+ % or something very close to it .
So , is @ @ @ @ @ @ @ to enjoy a $ 580+ profit per ounce if it cost them $ 15-20 an ounce to produce silver ?
?
Here is my estimated profit per ounce for Pan American Silver from 2004 to Q1 2020 : Pan American Silver ’ s profit per ounce is shown on the bottom of the chart in either the GREEN or RED figures .
If they are green , then Pan American Silver posted a profit per ounce for the year , and the opposite is true if the color is red .
Can you @ @ @ @ @ @ @ $ 600 an ounce for silver , because that is what the “ Inflation-adjusted ” data suggests ?
Pan American Silver would be enjoying a profit of $ 583.50 per ounce based on a $ 16.50 total cost ( my complete cost analysis ) .
I can assure you ; there are no companies in the iron , aluminum , and base metal mining industry , making a profit margin of more than 25 % , on average .
So , do you really think it is “ REALISTIC ” for Pan American @ @ @ @ @ @ @ margin ?
?
Why doesn ’ t someone email Ted Butler and ask the same question ?
Don ’ t get me wrong ; I am not saying the markets are manipulated , but if we apply a bit of LOGIC , it is quite silly to expect a mining company to enjoy a 3600 % profit margin .
Now , that doesn ’ t mean I don ’ t see silver prices moving higher in the future .
I do .
However , it will be based upon a silver market when @ @ @ @ @ @ @ , as investors try to acquire physical silver , what little metal there is in the world .
The Grand Elite & The Collapse of The Ancient Roman Empire If you read some history books , you will know that Ancient Rome had its own Elite that controlled a large percentage of the empire .
So , nothing has changed in 2,000 years .
You would think as mere mortals , we would figure this out that AS THE WORLD TURNS , not much changed over the Millenium .
There have been Elite @ @ @ @ @ @ @ .
However , something quite significant has brought about a massive change in the world over the last 150 years .
The world brought on the most condensed source of energy that was also easily transportable… OIL .
Yeah , I know uranium has more condensed energy per unit than oil , but try mining uranium and building a nuclear power plant without oil , natural gas , and coal .
You can ’ t do it .
In the past , countries that controlled the silver and gold mines became the leading @ @ @ @ @ @ @ into the picture , the new prize was to control the oil reserves and market , not the gold and silver mine supply .
So , gold and silver as money became second fiddle to oil .
And in time , the Dollar was backed by oil via the Petro-Dollar Standard .
So , gold and silver transitioned more to behaving like mere commodities , which are based upon the cost of production and supply-demand forces , than as monetary metals .
But , this is all changing now due to the problems @ @ @ @ @ @ @ can assure you that the Ancient Roman citizens who were once criticizing the “ Elite ” for all their economic and societal ills had much worse things to worry about when the empire collapsed .
This is the same issue confronting individuals today who focus on the “ ELITE GRAND CONSPIRACY.
” When energy becomes a real problem , a large percentage of the Elite are going to get wiped out financially just as much as the lower classes .
So , I gather as we head over the ENERGY CLIFF ; we @ @ @ @ @ @ @ BOOGIE-MAN to hate .
The World Is Heading Into A New Paradigm : Protect Wealth Rather Than Build It A significant portion of my future analysis will be focusing on how the world will need to “ PROTECT WEALTH ” rather than try building it .
Of course , there will always be a group of individuals or companies that will do well during the next phase , but that won ’ t be many .
As the world heads over the Energy Cliff , most assets and real estate will lose a @ @ @ @ @ @ @ few are prepared for this reality .
Due to my energy analysis , I have become even confident in owning physical gold and silver .
The best reason to own the precious metals has to do with their ability to be “ Stores of Energy Equivalent Value.
” Try this one on for size… It takes 70 gallons of diesel equivalent value to produce an ounce of gold , found in my article below .
That equals the human energy equivalent of 3,500 people working 8 hours a day .
This article will @ @ @ @ @ @ @ select to become GOLD MEMBERS .
When energy becomes really problematic , a lot of stuff that we are currently using to run everything , will get into serious trouble .
So , if you have spent a lot of time focused on the ELITE and all the problems that have caused the working man , you will not be prepared for what ’ s coming ahead .
So , it ’ s time to switch our attention to the issue that really CONTROLS everything… and that is ENERGY .
If you understand @ @ @ @ @ @ @ be much better prepared mentally and financially .
Another quick reminder for followers that the SRSrocco Report will be transitioning to a Subscription Service by Friday , August 21st .
While we will provide some public posts , 80 % will only be available to paid subscribers of one of the membership levels .
To learn more about the Membership Plans , you can click here : SRSrocco Report Patreon Membership Plans .
Also , there is information on the new membership levels here at the SRSrocco Report : MEMBERSHIPS

by Steve St Angelo of SRSrocco Report
Conspiracy theories, especially lousy ones, grab the attention of a lot of people. So, if you want to acquire a lot of followers while making a nice buck doing so, then it pays to continue regurgitating the “GRAND CONSPIRACY” mantra. I see this everywhere in the Alt-Media. And, it doesn’t matter if facts are provided that disproves one of these lousy conspiracy theories, people rather believe in a GREAT SOUNDING LIE than deal with the TRUTH.
This is the subject matter of my article today. So, I am going to point out the difference, as I see it, between the “Great Grand Elite Conspiracy & The Energy Cliff.” So, when I mention the term “ENERGY CLIFF,” the chart below should clarify any doubts or questions.
Nearly 20 years ago, when I first became interested in silver, I followed silver analyst, Ted Butler. Ted was putting out some interesting work on the silver market during the early 2000s. However, if you compare Butler’s more recent work today, it isn’t that much different than his analysis was in 2002. Quite simply, while his analysis is more up to date, it still just focuses only on one issue… Silver Manipulation.
My analysis on the subject of “Silver Manipulation” is a bit different than Butler, and the majority of individuals who may call themselves “Alt-Media followers. If silver is being manipulated, I can assure you; it isn’t the only asset on the Fed’s Intervention Playbook. Due to the Fed and central bank interest rate policy over the past 40+ years, including the massive stimulus and liquidity injections since 2008, the entire market is being manipulated in one way or another.
So, to yell ” FIRE” in a small town in California when there have been dozens of larger ones in the state at the same time suggests that it’s time to get a BIGGER VIEW of the world.
Is Silver Really Worth $600 Based On Being $50 In 1980?
Many analysts have suggested that the silver price on an inflation-adjusted metric, should be worth $600 today. These same precious metals analysts likely acquire this $600 price by using John William’s Shadowstats inflation data. Thus, a $50 silver price ($49.45 to be exact) in early 1980, would be worth $600, adjusted for inflation.
However, there are two sides to the story. If the primary silver miners were receiving $600 an ounce today, then their profit margins would be a mind-blowing 3600+% or something very close to it. So, is it realistic for a silver mining company to enjoy a $580+ profit per ounce if it cost them $15-20 an ounce to produce silver??
Here is my estimated profit per ounce for Pan American Silver from 2004 to Q1 2020:
Pan American Silver’s profit per ounce is shown on the bottom of the chart in either the GREEN or RED figures. If they are green, then Pan American Silver posted a profit per ounce for the year, and the opposite is true if the color is red. Can you imagine if Pan American Silver was receiving $600 an ounce for silver, because that is what the “Inflation-adjusted” data suggests?
Pan American Silver would be enjoying a profit of $583.50 per ounce based on a $16.50 total cost (my complete cost analysis). I can assure you; there are no companies in the iron, aluminum, and base metal mining industry, making a profit margin of more than 25%, on average. So, do you really think it is “REALISTIC” for Pan American Silver to make a 3600+% profit margin??
Why doesn’t someone email Ted Butler and ask the same question? Don’t get me wrong; I am not saying the markets are manipulated, but if we apply a bit of LOGIC, it is quite silly to expect a mining company to enjoy a 3600% profit margin.
Now, that doesn’t mean I don’t see silver prices moving higher in the future. I do. However, it will be based upon a silver market when the world heads over the ENERGY CLIFF, as investors try to acquire physical silver, what little metal there is in the world.
The Grand Elite & The Collapse of The Ancient Roman Empire
If you read some history books, you will know that Ancient Rome had its own Elite that controlled a large percentage of the empire. So, nothing has changed in 2,000 years. You would think as mere mortals, we would figure this out that AS THE WORLD TURNS, not much changed over the Millenium. There have been Elite running the show for thousands of years.
We are primarily funded by readers. Please subscribe and donate to support us!
However, something quite significant has brought about a massive change in the world over the last 150 years. The world brought on the most condensed source of energy that was also easily transportable… OIL. Yeah, I know uranium has more condensed energy per unit than oil, but try mining uranium and building a nuclear power plant without oil, natural gas, and coal. You can’t do it.
In the past, countries that controlled the silver and gold mines became the leading empires. However, when oil came into the picture, the new prize was to control the oil reserves and market, not the gold and silver mine supply. So, gold and silver as money became second fiddle to oil. And in time, the Dollar was backed by oil via the Petro-Dollar Standard.
So, gold and silver transitioned more to behaving like mere commodities, which are based upon the cost of production and supply-demand forces, than as monetary metals. But, this is all changing now due to the problems we are facing with energy.
I can assure you that the Ancient Roman citizens who were once criticizing the “Elite” for all their economic and societal ills had much worse things to worry about when the empire collapsed. This is the same issue confronting individuals today who focus on the “ELITE GRAND CONSPIRACY.” When energy becomes a real problem, a large percentage of the Elite are going to get wiped out financially just as much as the lower classes. So, I gather as we head over the ENERGY CLIFF; we will need to come up with another BOOGIE-MAN to hate.
The World Is Heading Into A New Paradigm: Protect Wealth Rather Than Build It
A significant portion of my future analysis will be focusing on how the world will need to “PROTECT WEALTH” rather than try building it. Of course, there will always be a group of individuals or companies that will do well during the next phase, but that won’t be many. As the world heads over the Energy Cliff, most assets and real estate will lose a great deal of their value. Very few are prepared for this reality.
Due to my energy analysis, I have become even confident in owning physical gold and silver. The best reason to own the precious metals has to do with their ability to be “Stores of Energy Equivalent Value.”
Try this one on for size…
It takes 70 gallons of diesel equivalent value to produce an ounce of gold, found in my article below. That equals the human energy equivalent of 3,500 people working 8 hours a day.
This article will be available on Friday for those who select to become GOLD MEMBERS.
When energy becomes really problematic, a lot of stuff that we are currently using to run everything, will get into serious trouble. So, if you have spent a lot of time focused on the ELITE and all the problems that have caused the working man, you will not be prepared for what’s coming ahead.
So, it’s time to switch our attention to the issue that really CONTROLS everything… and that is ENERGY. If you understand the coming energy dynamics, you will be much better prepared mentally and financially.
Another quick reminder for followers that the SRSrocco Report will be transitioning to a Subscription Service by Friday, August 21st. While we will provide some public posts, 80% will only be available to paid subscribers of one of the membership levels. To learn more about the Membership Plans, you can click here: SRSrocco Report Patreon Membership Plans.
Also, there is information on the new membership levels here at the SRSrocco Report: MEMBERSHIPS


investmentwatchblog--2020-08-19--China: Villagers to collect “work points” for cash “points” and greater CCP control Video

China is in an economic recession and many unemployed workers have returned to the countryside .
Recently in Xiaoshan district , Hangzhou city , a digital governance model called “ work dividend calculator ” was introduced .
Residents in Hangzhou city feel like they have returned to the time of the Cultural Revolution .
They believe that the “ work dividend calculator ” is actually a tool to brainwash and control the people .
Netizens believe that the rural economy will deteriorate even further after the model is expanded in the future .
The so-called “ work dividend calculator ” @ @ @ @ @ @ @ allows each registered user to earn work points and increase their credit worthiness by participating in various activities hosted by the town and village .
These activities include reading certain articles , completing surveys , voluntary work , production labor , and public affairs participation .
The more you participate , the more points you earn .
These work points can be redeemed as cash to be spent at local businesses .
Hangzhou Daily reported on Aug. 9 that the campaign for “ work dividend calculator ” was launched online in Dashigai village @ @ @ @ @ @ @ The Party Secretary Yu of the district explained that the “ work dividend calculator ” came from “ earning work points ” in the villages , and it records the residents ’ contributions and earnings in terms of work points and credit worthiness .
Work points were the units used to calculate the workload and labor compensation of employees in the days of the People ’ s communes from 1958 to 1983 .
Residents in Hangzhou city believe that the “ Work Dividend Calculator ” is a tool used to brainwash and control @ @ @ @ @ @ @ implemented in the future , the rural economy will be worse .
Ms. Li from Hangzhou city said : “ Without a doubt , this event is to brainwash the people .
What ’ s the meaning behind work points ?
Work points can increase the credit system .
What does it do for the economy ?
The ‘ Alipay health code ’ is heavily used in the Hangzhou area , but it is not needed to take the subway in Shanghai.
” In February , during the epidemic , Alibaba ’ s @ @ @ @ @ @ @ to introduce a health QR code .

China is in an economic recession and many unemployed workers have returned to the countryside. Recently in Xiaoshan district, Hangzhou city, a digital governance model called “work dividend calculator” was introduced. Residents in Hangzhou city feel like they have returned to the time of the Cultural Revolution. They believe that the “work dividend calculator” is actually a tool to brainwash and control the people. Netizens believe that the rural economy will deteriorate even further after the model is expanded in the future.
The so-called “work dividend calculator” is a small program in WeChat that allows each registered user to earn work points and increase their credit worthiness by participating in various activities hosted by the town and village. These activities include reading certain articles, completing surveys, voluntary work, production labor, and public affairs participation. The more you participate, the more points you earn. These work points can be redeemed as cash to be spent at local businesses.
Hangzhou Daily reported on Aug. 9 that the campaign for “work dividend calculator” was launched online in Dashigai village and Foshan village, Xiaoshan District. The Party Secretary Yu of the district explained that the “work dividend calculator” came from “earning work points” in the villages, and it records the residents’ contributions and earnings in terms of work points and credit worthiness.
Work points were the units used to calculate the workload and labor compensation of employees in the days of the People’s communes from 1958 to 1983.
We are primarily funded by readers. Please subscribe and donate to support us!
Residents in Hangzhou city believe that the “Work Dividend Calculator” is a tool used to brainwash and control the villagers. Once it is further implemented in the future, the rural economy will be worse.
Ms. Li from Hangzhou city said: “Without a doubt, this event is to brainwash the people. What’s the meaning behind work points? Work points can increase the credit system. What does it do for the economy? The ‘Alipay health code’ is heavily used in the Hangzhou area, but it is not needed to take the subway in Shanghai.”
The Alipay health code app tracks Chinese citizens’ health and travel history.
In February, during the epidemic, Alibaba’s Alipay and Hangzhou city were the first to introduce a health QR code.


investmentwatchblog--2020-08-19--Top 12 billionaires in the U.S. now worth a combined one trillion dollars!

“ The rich get richer ” doesn ’ t even begin to tell the story these days .
According to @ @ @ @ @ , the wealth of the top 12 billionaires in the U.S. recently exploded to more @ @ @ @ @ yes , 13 digits .
The statistic , of course , is an eye-popping figure @ @ @ @ @ even more so in light of the devastation in the broader economy due to the @ @ @

“The rich get richer” doesn’t even begin to tell the story these days.
According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the U.S. recently exploded to more than one trillion dollars — yes, 13 digits.
The statistic, of course, is an eye-popping figure on its face, made even more so in light of the devastation in the broader economy due to the coronavirus pandemic.


investmentwatchblog--2020-08-19--Dr. Ron Paul : This is How I would Fix America

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008 .
He @ @ @ @ @ books , including the New York Times bestsellers The Revolution : A Manifesto and End @ @ @ @ @ defender of the US Constitution , Paul has been an advocate of sound money , @ @ @ @ @ , and international peace throughout his political career and beyond .
He is chairman of @ @ @ @ @ of the Campaign for Liberty , and distinguished counselor to the Ludwig von Mises Institute @ @ @ @ @ the Ron Paul Channel , an online broadcast alternative to the mainstream media .
Ron @ @ @ @ @ is Swords into Plowshares .

The Atlantis Report, Released on 8/18/20
We are primarily funded by readers. Please subscribe and donate to support us!
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career and beyond. He is chairman of the FREE Foundation, founder of the Campaign for Liberty, and distinguished counselor to the Ludwig von Mises Institute. Dr. Paul recently started the Ron Paul Channel, an online broadcast alternative to the mainstream media. Ron’s most recent novel is Swords into Plowshares.


investmentwatchblog--2020-08-19--EXPERTS SUGGEST “MEDICATING” WATER SUPPLY FOR LOCKDOWN COMPLIANCE.

I wonder how much longer before we wind up having Lithium , Valium , Xanax , and/or other massively mind @ @ @ @ @ our water supplies nationwide .

I wonder how much longer before we wind up having Lithium, Valium, Xanax, and/or other massively mind warping drugs in all of our water supplies nationwide.
www.nysenate.gov/legislation/bills/2019/A99
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Dark


investmentwatchblog--2020-08-19--YouTube quietly updates ToS to ban any content which contains hacked information about political can

YouTube quietly updates ToS to ban any content which contains hacked information about political candidates which may interfere with elections

I ’ m sure it will be applied equally to both sides .

I’m sure it will be applied equally to both sides.
We are primarily funded by readers. Please subscribe and donate to support us!
AC