News, Rumors and Opinions Wednesday 8-4-2021
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 4 Aug. 2021
Compiled Wed. 4 Aug. 12:01 am EST by Judy Byington
Judy Note: Tier 4B (Us, the Internet Group) notification at any time.
The Big Call, Bruce: Thebigcall.net 712-770-4016 pin123456# (712) 770-4014
Some Bond Holders have been paid their 1%, others were expecting to get it on Wed. 4 Aug.
Possible notification for Tier 4B Wed. 4 Aug. with a full release of funds at 8am on Thurs. 5 Aug.
More Starlink going up Thurs. 5 Aug. and Sat. 7 Aug.
Emergency Alert System to be tested Aug. 11.
Tier 5 General Public to go the same time as Tier 4B.
Tier 4B would go to Redemption Center, or Tier 1 Bank Redemption Center to receive special rates.
Tier 5 General Public would use the teller window and be awarded the front screen rate.
Read full post here: https://dinarchronicles.com/2021/08/04/restored-republic-via-a-gcr-update-as-of-august-4-2021/
KTFA:
Ross: Something going on with ships:
The Associated Press reports that four vessels near the port of Fujairah are listed as "out of control" in the marine identification systems. The rule usually of such a status is that the vessel can not operate its engines and has no steering.
The vessels in this condition are:
Queen Ematha, the Golden Brilliant, Jag Pooja and Abyss
It’s been so far 6 ships in the Persian gulf that all communication with them is lost!
A British navy group says there has been a “potential hijack” of a ship off the coast of the United Arab Emirates in the Gulf of Oman. The event comes days after a drone struck an oil tanker linked to an Israeli billionaire near Oman, killing two.
The ship Asphalt Princess, which carries the Panama flag and carries cement, was hijacked off the coast of the United Arab Emirates, after a group of 8-9 gunmen boarded it.
According to the naval detection systems, the ship deviates from its planned course.
It has been 45 minutes since the ASPHALT PRINCESS ship’s location detection system was disconnected
It is not known at this time where it is.
PLUS: The Baghdad international airport was darkened! Reason is yet unknown!
Ross Update
Reports from a source in Iran’s Navy that IRGC Navy Special Forces who have hijacked the "Asphalt Princess" commercial ship are now transporting it to the port of Jask in southeast of Iran.
If true things could get real interesting
FYI- Asphalt Princess is a double-hulled tanker used to transport bitumen and asphalt operated by Asphalt Princess Shipping who bought her in 2017. The ship was launched on 19 December 1975 and completed in 1976 by Ankerlokken Glommen of Frederikstad, Norway
Ross- Update
Beirut: protestors mark the first anniversary of the ammonium nitrate storehouse explosion at the port of Beirut that many hold Hezbollah responsible for. Many of them wear t-shirts saying: Iran Out
Report that the Iranian Revolutionary Guards released the hijacked ship one hour before the arrival of an American destroyer to the area where the ship was.
The British Times in new details about the incident yesterday in the Gulf of Oman -
• Iranian forces stormed the ship in the Gulf of Oman.
• The ship's crew thwarted an attempt to take the ship to Iran.
• Iranian forces fled after the arrival of US and Oman warships.
British government sources say the attempt to hijack the 'Asphalt Princess' tanker off the coast of the UAE ended yesterday after the escape of Iranian gunmen following the arrival of two battleships one American and the other Omani.
The Iranian gunmen tried to hijack the 'Asphalt Princess' tanker and transport it to Iran, but the crew stopped the ship's engines so that it could not move anywhere.
(Today) Three rocket fired from Lebanon of which two hit the Israeli town of Kiryat Shmona. The IDF fired artillery three times in the past few hours. (I saw a short vid or where one of the rockets hit, appeared to be in an unpopulated area) Israeli artillery fired towards Lebanon a couple of hours ago in response to the rockets attack on northern Israel. (Again vid seems to indicate the area was in a field not in a populated area)
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Courtesy of Dinar Guru
Frank26 I know you want "now". But I don't know when "now" is. Nobody knows the date. What we do know is they're doing it. What we do know is that they're very blatant. They're very obvious/telling of what they're doing with their currency, with their exchange rate, with their economic reform of the countries pouring in, with their article VIII status. All of this is for the raising of the value of their currency...
Breitling Question: "What impact if any do you feel Biden's meeting with the Iraq Prime Minister and the announcement of the end of the U.S. combat mission in Iraq will have on the revaluation of the dinar?" They are going to revalue no matter what. Whether we stay in Iraq or we're out of Iraq...
Peter Grandich: This is the Financial Bubble to End all Bubbles
Palisades Gold Radio: Aug 4, 2021
Tom welcomes returning guest Peter Grandich to the show. Peter discusses how the markets have changed over his career and are now high-tech casinos.
The Fed has destroyed the fixed income market, pushing people to take riskier plays on their retirement investments.
He expects stagflation as inflation increases and the economy underperforms.
The Fed is trapped since it can't raise interest rates because of excessive debt. A few percentage point increase would equal half of the government's income.
Peter believes that the political system no longer has the political will or ability to address these problems. Politics has become an almost impossible place to accomplish anything.
The largest holder of US government debt was Japan, but they sold most of their treasuries last year. In addition, we continue to see countries like Russia and China move further away from the dollar and into gold.
So it seems we are rapidly reaching the end of the road for the dollar.
Complacency today is off the scale, as half of all financial advisors today have never experienced a bad market. Most investors are operating on "hope" that markets will continue higher. Now maybe the time to err on the side of caution. Gold has massive potential, but you won't see Wall Street say anything favorable about it.
So if you're looking for assets that are under-owned and unappreciated, look towards gold and silver. Peter explains why he is bullish on uranium-based solely based on the supply-demand fundamentals. In addition, there are only a handful of uranium companies.
Most of the utilities have yet to renew their long-term contracts and will likely end up doing so at much higher prices. Nuclear has to be included if we are going to meet future base demand for energy.
Solar and wind are not going to solve these problems by themselves. Peter gives us his thoughts on bitcoin, including some technological risks and why he is concerned about the excessive enthusiasm in that market. Also, there is a risk of further regulatory and political pressure being applied.