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U.S. Color Revolution: The Not So Phantom Menace

U.S. Color Revolution: The Not So Phantom Menace

“There is no civility, there is only politics…
The Bureaucrats are in charge now…”

— Senator Palpatine

The Black Revolution in the U.S. is proceeding according to script. We are into the 3rd act of it.

Act I was the Coronapocalypse setting the stage for vastly expanded government powers and the systemic undermining of the sitting President.

Act II was the summer of violence and fake polling data which created the illusion of a society at war with that same President for not addressing the needs of the people.

Underneath the headlines the forces arrayed against Trump were building the infrastructure to ensure that however the people voted on November 3rd, the outcome was pre-determined in their favor against him.

Act III is the election itself and the aftermath. The coup has begun. The pressure campaign to force the incumbent Trump, hated by the establishment, to concede has ratcheted up to eleven.

This is all very normal for color revolutions, just ask Alexander Lukashenko in Belarus or Viktor Yanukovich formerly of the Ukraine. We can’t ask Slobodon Milosovic. He dead.

But one thing happened they didn’t count on, Trump actually winning the election by margins in swing states that couldn’t be overcome without overt and blatant fraud.

That’s created the opportunity for a complete reversal of the current results and a successful countering of the color revolution strategy, which rests on a media-made frenzy supported by foreign government leaders to oust the sitting president from power quickly without proper adherence to the process.

And that feeds the plot points for the next eight weeks until Congress convenes to certify (or not) the Electoral College.

…click on the above link to read the rest of the article…

Market Friday: Is This the End of COMEX Paper Gold?

Market Friday: Is This the End of COMEX Paper Gold?

There’s been a lot of speculation in the Gold community about what’s happening in the market this year. 2020 has been wracked with unprecedented gyrations in the gold market.

It’s also seen gold finally breach the $2000 level and, this week after a nasty correction, is still holding onto most of its recent gains.

This rally in gold and the persistent supply tightness which has kept gold futures in contango for most of the year are indicators that something has fundamentally shifted in the gold market.

And now, the question on a lot of people’s minds is whether we’ll see the end of the fiction of the paper gold market as epitomized by the futures market on the COMEX.

Alistair Macleod’s recent article detailed the gyrations of the gold futures market explains why he felt the so-called bullion banks who work with the central banks to keep gold control have, in fact, lost control.

His detailed the use of open interest on the COMEX to push and pull the price of gold and how the market changed after March 23rd when the futures premiums blew out to a high of $70 over the cash price in the forex markets.

Screen Shot 2020 08 06 at 11.25.08 AM

Using mass liquidation to crater the price of gold and force thinly-margined, weak longs off their positions is a classic COMEX raid on the gold and silver markets.

And if you look closely at this chart you’ll see a few moments where dramatic drops in open interest didn’t result in big price drops. So, either longs ponied up the cash to stay in their positions or the buying into those ‘raids’ so intense that attempt failed to break the psychology of the gold market.

…click on the above link to read the rest of the article…

The Fed is Determined to Prove the QTM Right

The Fed is Determined to Prove the QTM Right

gold-dollar-trap

Milton Friedman famously said, “Inflation was always and everywhere a monetary phenomenon.” But Friedman didn’t live through the QE years here in the U.S. and blatantly ignored the twenty plus years of Japanese deflation despite QE and insane levels of money printing during the latter years of his life.

Because Friedman, like a lot of modern economists, adhered strictly to the Quantity Theory of Money (QTM).

And as an Austrian economics kinda guy I somewhat agree with the QTM. I agree with Ludwig von Mises on this, as you would expect. So, how do we square the QTM with the evidence that QE in all of its guises has resulted in deflation, as expressed by the general price level, where ever it has been tried?

Martin Armstrong ask this question all the time and is openly hostile to the QTM. And his arguments have some merit, because, as he rightly points out the QTM only looks at the supply side of the money equation.

It cares not about the demand side. He’s right about that. What he’s wrong about is that the Austrians, like von Mises, haven’t considered this either.

Demand for money is just as important as the supply of it. And during a crisis, the demand side of the equation for any particular currency may, in fact, be more important.

This is what the Fed has struggled with for the past twelve years. The demand for the U.S. dollar has far outstripped the increase in supply, causing a far lower aggregate price rise than anticipated by the QTM.

…click on the above link to read the rest of the article…

Podcast Episode #38 – Can America Survive the Civil War Now Underway

Podcast Episode #38 – Can America Survive the Civil War Now Underway

The fires may be out for now, but they have not been fully extinguished. The Culture War of the past ten years has quickly exploded into a Civil War. It doesn’t matter that this explosion was amplified by agent provocateurs and cynical political operatives hoping to retain control over the power centers.

This cultural inversion, in the words of Jonathan Pageau, that we have been going through these past four years in response to the election of Donald Trump is accelerating quickly and will reach its zenith with the November election.

And in the cycle of human civilizations after inversion comes death. What kind of death will it be? And what kind of rebirth will occur on the other side of that.

…click on the above link to listen to the podcast…

Where’s the Beef? – Not on the Horizon

Where’s the Beef? – Not on the Horizon

The reports continue to come in that there’s a real problem with the U.S. food supply. From McDonald’s reviewing their supply chain for beef to the pleas of ranchers already staring at feeding issues with last year’s poor harvests the signs are there for a major supply dislocation in beef going forward.

Kroger is limiting the amount of beef and pork people can buy. My local Winn-Dixie has had limits on large cuts of pork for the past couple of weeks. Pork loins have been gone for weeks now, so no pork jerky for us, which is a tragedy.

Now Wendy’s, which doesn’t use frozen beef, is reporting more than 20% of their stores are out of beef.

Stephens analyst James Rutherford noted 18% of Wendy’s restaurants were “completely sold out of beef items as of Monday evening,” reported Bloomberg

“By our count 1,043 Wendy’s units were selling zero beef items yesterday evening,” but within the figure, about 128 restaurants were still selling beef chili. Rutherford added that the shortage varies across the country and said some restaurants still have full menus, while states like Ohio, Michigan, Tennessee, Connecticut, and New York are “fully out of fresh beef.” The note also said Wendy’s is “more exposed” to meat shortages because of its reliance on fresh beef compared with its competitors. 

If you subscribe, like I do now, to the idea that this Coronapocalypse is mostly a cover story for the failures of the global financial and political system to usher in a new round of totalitarian control then destroying the most vulnerable, yet important, part of our food supply would be a key strategic goal.

My talk with Patrick Henningsen of 21st Century Wire recently covered the motive, means and opportunity for why this perspective should be our default setting.

…click on the above link to read the rest of the article…

Lockdowns Ending but Their Politics Still Rule

Lockdowns Ending but Their Politics Still Rule

dollar-tide-apes-trump

While it looks like the worm is turning against the draconian economic shutdowns decreed by governments, so much damage has already been done it likely won’t matter now.

I began the week hopeful that my home state of Florida would lead the way towards challenging the anti-human and thoroughly intolerable lock down mentality imposed on us by officials at the WHO, NAIAD, Johns Hopkins and the IHME.

That hope continued earlier this week while watching Governor Ron DeSantis give a half-hour presentation of why Florida not only outperformed all of the grossly negligent predictive models but nearly every other state in the union in nearly every metric relevant to COVID-19.

It, however, vanished completely when he finally unveiled his new plan, which was to graciously allow the private economy to get back to 25% capacity, following the same tyrannical guidelines of those now discredited members of President Trump’s Task Force.

I guess I need to remind myself of why hope is the most negative of all emotions.

“Phase One is a baby step,” DeSantis said during a news conference at Tampa General Hospital. “We are deliberately going to be very methodical, slow and data-driven on this because I think people want to have confidence things are going in a good direction.” He said a slow approach would also give the state an opportunity to step in to handle any spikes in the disease that might occur.

But this is typical political double-speak. Because the political pressure on DeSantis, Trump and other ‘Red State’ Governors to not open things back up has been enormous. If it wasn’t he would have shown more spine.

But, the numbers don’t support DeSantis’ decsion at all.

…click on the above link to read the rest of the article…

“Don’t Trace Me, Bro” — Just Say No to Contact Tracing

“Don’t Trace Me, Bro” — Just Say No to Contact Tracing

Contact Tracing? Really? That’s the next big government program to push for total surveillance over our lives. Now the real fallout from the Coronapocalypse comes to light.

The very people who created a fake pandemic out of faulty statistics, media fear-pimping and the rankest of propaganda are now pushing the total surveillance state to protect us (them?) from the next crisis.

James Corbett from the Corbett Report just published an excellent video discussing ‘contact tracing’ as promulgated by (who else?) the Clinton Global Initiative to create an army of new Brown Shirts to assist our wise and benevolent leaders in managing us like livestock.

James is urging us not to use their Orwellian term, and I agree with him. But the best way to do that is to make fun of it and them.

I propose just looking at them and saying, “Don’t Trace Me, Bro.”

As always when they want to herd us towards a terrible idea they first have to come up with a harmless sounding euphemism for it. Either that or just call it a war that we’re going to fight and win together, you know, for kids!

But this was always the plan with this virus. We can speculate as to why this has been done, why it was directed from the commanding heights of our society but, in the end, that speculation is irrelevant.

This is happening, it’s here and they are now working to square the circle. The goal is to finish off the last vestiges of anonymity and individuality started with the destruction of financial privacy during the Clinton Adminstration, which was wrapped in the classic government phrases “Know Your Customer” and “Anti-Money Laundering”

…click on the above link to read the rest of the article…

Who’s Next to Fail in the Post-COVID World?

As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt.

Money velocity has been falling for years. It is now cratering as we hide in our homes from a bug that eventually we will all have to reconcile with. Credit is the engine of the world of today. 

It is the gas which fuels the engine of the world.

COVID-19 has cratered the global economy exposing the internal rot within our hyper-financialized global economy as nothing more than a pyramid of Ponzi schemes…

… piling credit on top of credit until there are no more greater fools to sell the new debt to.

That’s the system we have. And it is collapsing precisely because the world is situated at the point where there is little more productive capacity to monetize and pull that capital from the future to fund the new debt.

It won’t matter if we replace this system with pure helicopter money without debt as the Modern Monetary Theory proponents argue. We’re already doing a version of this by having the central banks buy debt they never intend to sell on the open market. So, the debt itself is without value. The money printed from those bonds is as much scrip as if the bond had never been issued.

But the time lost by people in pursuit of uneconomic ends by mispricing risk and servicing debt they are legally obligated to service is real.

The engine is sputtering as trillions are printed to kick it back over one more time. But the gas has too much ethanol in it. There’s not enough air. 

…click on the above link to read the rest of the article…

Don’t Be Fooled by the Deplatforming of Facebook

Don’t Be Fooled by the Deplatforming of Facebook

The push for speech control escalates. There is now a concentration of stories concerning social media companies and their role in shaping political thought.

We are nine months from a pivotal presidential election in the U.S. and the push is on to ensure that the outcome goes the way those in power want it to. 

Three times in as many weeks billionaire busybody George Soros has attacked Facebook CEO Mark Zuckerberg, demanding he be removed because he is working to re-elect Donald Trump. 

This seems like an absurdity. But it isn’t. It’s all part of the game plan. 

Create a controversy that isn’t real to seed a narrative that there’s a problem in need of a solution. Facebook has been the center of this controversy to inflame passions on both sides of the political aisle to ensure the desired outcome.

They want regulation of all social media companies to create unscalable barriers to entry for new ones while curtailing free speech on the existing ones.

Warren Buffet would call that a moat. I call it tyranny. 

Enter Attorney General William Barr.

He weighed in recently that we need to have a conversation about Facebook et.al. in relation to their Section 230 immunity under the Communications Decency Act.

Section 230 grants immunity to companies like Facebook and Google from prosecution for content hosted on their services as they argue they are not publishers but rather just pass-through entities or platforms of user-generated content.

Now, it’s pretty clear for the past few years the social media companies have been acting with open editorial bias to deplatform undesirables. They rewrite broadly defined terms of services and EULAs (End-User Licence Agreements) which they use to justify controlling what content they are willing to host.

…click on the above link to read the rest of the article…

After Missiles Fly, Iraq Becomes the Battleground

After Missiles Fly, Iraq Becomes the Battleground

The future of the U.S.’s involvement in the Middle East is in Iraq. The exchange of hostilities between the U.S. and Iran occurred wholly on Iraqi soil and it has become the site on which that war will continue.

Israel continues to up the ante on Iran, following President Trump’s lead by bombing Shia militias stationed near the Al Bukumai border crossing between Syria and Iraq.

The U.S. and Israel are determined this border crossing remains closed and have demonstrated just how far they are willing to go to prevent the free flow of goods and people across this border. 

The regional allies of Iran are to be kept weak, divided and constantly under harassment. 

Iraq is the battleground because the U.S. lost in Syria. Despite the presence of U.S. troops squatting on Syrian oil fields in Deir Ezzor province or the troops sitting in the desert protecting the Syrian border with Jordan, the Russians, Hezbollah and the Iranian Quds forces continue to reclaim territory previously lost to the Syrian government. 

Now with Turkey redeploying its pet Salafist head-choppers from Idlib to Libya to fight General Haftar’s forces there to legitimize its claim to eastern Mediterannean gas deposits, the restoration of Syria’s territorial integrity west of the Euphrates River is nearly complete.

The defenders of Syria can soon transition into the rebuilders thereof, if allowed. And they didn’t do this alone, they had a silent partner in China the entire time. 

And, if I look at this situation honestly, it was China stepping out from behind the shadows into the light that is your inciting incident for this chapter in Iraq’s story.

China moving in to sign a $10.1 billion deal with the Iraqi government to begin the reconstruction of its ruined oil and gas industry in exchange for oil is of vital importance. 

…click on the above link to read the rest of the article…

Trump’s Point of No Return

Trump’s Point of No Return

When I wrote that the coup against President Trump had morphed into a Civil War, I wasn’t kidding. The sham impeachment created the perfect environment for the Democrats and Republicans to get something definitive from him by playing the House and the Senate off each other.

With the Senate Neocon Occupied Territory the escalation of belligerence since Speaker Nancy Pelosi pushed through the impeachment vote has been serious.

First, there was the rider to the NDAA which upped the sanctions on everyone willing to work on Nordstream 2. Then Lindsey Graham pushed the frankly insane DASKA bill through the Senate Foreign Relations Committee.

Pelosi forced her impeachment vote through the House on partisan lines. Then, clearly overstepping her authority, she refused to send the Articles to the Senate hoping to add a more serious charge, like Obstruction of Justice or Treason for laundering Russian money through Deutsche Bank

It is under these circumstances we should view the events in Iraq over the last week, especially the killing of IRGC Quds Forces Commander Qassem Solemaini.

Because I’ve warned from the beginning of this impeachment, Trump was just 17 votes in the Senate away from conviction. And failure on his part to respond to an attack on our troops now or our soil, the embassy in Baghdad, would have been enough to turn that many against him and install Mike Pence.

At the end of the day we are held captive by a minority of power-mad Trotskyites without any capacity for forgiveness or humility. They believe in societal order through the whip and the sword.

Truly Maoist in their thinking, the only political power that exists comes from the barrel of a gun. This is why there has been zero opportunities for diplomacy with Iran.

…click on the above link to read the rest of the article…

As Winter Comes Pipeline Wars Heat Up

As Winter Comes Pipeline Wars Heat Up 

For all of 2019 December has been a magnet. A number of major geopolitical issues come to head this month and many of them have everything to do with energy. This is the month that Russian gas giant Gazprom was due to finish production on three major pipeline projects – Nordstream 2, Turkstream and Power of Siberia.

Power of Siberia is here. It’s finished. Russian President Vladimir Putin and Chinese Premier Xi Jinping christened the pipeline to begin the month. Next month Putin will travel to Turkey to join President Recep Tayyip Erdogan to open the first of four potential trains of the Turkstream pipeline.

It is only Nordstream 2 that continues to lag behind because of insane levels of pressure from the United States that is dead set against this pipeline coming online.

And the reason for that is the last of the major energy issues surrounding Gazprom needing resolution this month, the gas transit contract between it and Ukraine’s Naftogaz.

The two gas companies have been locked in legal disputes for years, some of which center on Crimea’s decision to break away from Ukraine and rejoin Russia in 2014. Most of them, however, involve disputes over costs incurred during the previous and expiring gas transit contract.

The particulars today are ultimately irrelevant as these lawsuits have been used as nothing more than blackmail to keep a new contract from getting signed. Ukraine has sued Gazprom in courts, like in Sweden, that rule not by the tenets of contract law but rather through the lens of social justice.

These have been political decisions that allowed Naftogaz to seize Gazprom’s European assets, further complicating any resolution to the conflict. These policies were pursued aggressively by former Ukrainian President and long-time US State Department asset Petro Poroshenko and they have done nothing to help Ukraine.

…click on the above link to read the rest of the article…

A New Middle East Thanks to Putin

A New Middle East Thanks to Putin

Peace in the Middle East is coming at us fast and we’re going to have Russian President Vladimir Putin to thank for it. 

The howls of agony coming from U.S. and European foreign policy centers are deafening.  Pat Buchanan lists them in his latest article which asks if Putin is now the new king of the Middle East.

“Donald Trump Has Handed Putin the Middle East on a Plate” was the title of a Telegraph column. “Putin Seizes on Trump’s Syria Retreat to Cement Middle East Role,” said the Financial Times.

The U.S. press parroted the British: Putin is now the new master of the Mideast. And woe is us. 

Remember that the epicenter of virulent anti-Russian, pro-Israeli sentiment doesn’t begin with the Neocons along K-Street. It begins with the remnants of the British imperial class which still holds tremendous sway over British politics.

Think I’m wrong about that. Just look at Brexit.

As I pointed out the minute Trump defended his initial pullout of 50 U.S. troops to allow Turkey to cross into northern Syria, Putin has the situation mostly under control by laying the groundwork to craft win/win/win/win possibilities for everyone in the region.

Buchanan remains skeptical of this, saying that if Putin is the new king of the Middle East, will the crown lie heavy on his head?

It’s a fair question but I think it betrays Pat’s biases as an old Cold Warrior. 

Pat makes a series of comparisons between Russia’s military presence in the region and the size of the economies backing them to make his point. I think, frankly, that’s outdated analysis.

It is based on the premise that Russia has imperial aspirations in the region, similar to that of the U.S. At his core, Buchanan is still a ‘great powers theory’ kind of guy. 

 …click on the above link to read the rest of the article…

The Coup Has Begun – The Empire Strikes Back Everywhere

The Coup Has Begun – The Empire Strikes Back Everywhere

“I am altering the deal, pray I don’t alter it any further.”

Darth Vader, “The Empire Strikes Back”

You know I think there are no coincidences in politics. Everything happens on a particular schedule. So when I see a day as crazy as today I have to ask the question, “Why this, why now?”

Look at the headlines and you’ll see what I’m talking about. All of these things happened since I woke up at 7:30am this morning in Florida:

  1. The British Supreme Court just arrogated unprecedented power to itself by inserting itself into any dispute between the Government and Parliament. This upends more than 300 years of constitutional process.
  2. The Democrats have announced they will pursue impeachment charges against President Trump because an unverified, hearsay whistleblower made a complaint about a phone call between Trump and Ukrainian President Volodymyr Zelenski. Impeachment odds soared overnight as someone was tipped off about the Democrats’ plan.
  3. Bitcoin’s hashrate mysteriously flash-crashed more than 40% presaging a massive $1500 drop in price. 
  4. Donald Trump delivered a blistering critique of socialism at the United Nations General Assembly. Too bad he’s nearly as bad as the ones he’s fighting on the far left.
  5. Europe’s Trio of Faded Glory — The UK, France and Germany — joined in the chorus of unverified condemnation of Iran in the attack on the Saudi oil field on the 14th.
  6. The Federal Reserve continues to bail out banks to the tune of $65 to $75 billion per day through overnight repo operations that no one can give us an explanation as to why they’re needed.

This feels to me like a multi-level coup against those that dare stand athwart the global power structure. Both British and American leadership institutions are under sincere attack with these moves.

 …click on the above link to read the rest of the article…

Will the Yemen War be the End of Saudi Arabia?

Will the Yemen War be the End of Saudi Arabia?

The attack on Saudi Arabia’s major oil processing station in Abqaiq over the weekend was a major turning point in global politics. It may be even bigger than many of us realize.

While forces within U.S. political circles, Israel and Saudi Arabia keep trying to shift the blame to Iran, the most likely scenario is that the Houthis in North Yemen were responsible for the attack as a follow up to last month’s hit which showed off the capabilities of their new drones

That attack set the stage for the latest one in a classic case of the past being prologue. By showing the world it was capable of throwing drones anywhere in Saudi Arabia rebels in Yemen created plausibility for last weekend’s attack.

And as I said the other day this attack begs a lot of questions. And the ham-fisted push to blame Iran for it, after President Trump all but ruled out a military response from the U.S. from all corners of the U.S. and Saudi establishment opens up even more.

If this was a swarm attack from Iraq and Iran, as claimed now (and supported by factless conjecture) then how did all the vaunted U.S. technology fail to account for it?

U.S. Naval CENTCOM is in Bahrain folks. Are these people blind as well as incompetent? 

No. I don’t think they are. Say what you want about U.S. political leadership and the nigh-treasonous bureaucracy supporting it, I don’t think our military is that fundamentally corrupt, lazy or stupid.

What are we spending all of the money on, after all? 

By continuing to spin this attack up as Iranian in origin people like Secretary of State Mike Pompeo and the Saudi Arabian government are throwing the Pentagon under the bus.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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