Bix Weir, Mike Maloney and more Friday PM 6-25-2021
.Sound Money vs. Fiat Money : Effects on the Boom Bust Cycle
June 24, 2021
Sound Money vs. Fiat Money : Effects on the Boom Bust Cycle According to the Austrian business cycle theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate.
It is held that the major cause for this deviation is increases in the money supply. Based on this it would appear that on a gold standard……
Sound Money vs. Fiat Money : Effects on the Boom Bust Cycle
The Nomad Economist: June 24, 2021
Sound Money vs. Fiat Money : Effects on the Boom Bust Cycle According to the Austrian business cycle theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate.
It is held that the major cause for this deviation is increases in the money supply. Based on this it would appear that on a gold standard……
For the full transcript go to https://financearmageddon.blogspot.com
SILVER ALERT! 2 More Trading Days til July Delivery MONSTER! (Bix Weir)
Jun 25, 2021
Mike Maloney
The Great Reset: SDRs, Deflation & Gold's Coming Catch Up Phase
Premiered Jun 24, 2021
The ‘Great Reset’ is coming - but what is it? What role will the ‘SDR’ play? What does it entail for holders of precious metals?
Bis Weir and Pimpy Wednesday Evening 6-24-2021
.Bix Weir
ALERT! Silver Riggers NEED Once Last SLAM Before Tuesday!!
Jun 23, 2021
Silver open interest for July is still OFF THE CHARTS with the June contact expiring in only 4 DAYS!
Currently the open interest is close to 300 Million Ounces and UNLESS "They" slam the price down by next Tuesday we may see the BIGGEST SILVER DELIVERY MONTH in HISTORY!
Time will tell.
Bix Weir
ALERT! Silver Riggers NEED Once Last SLAM Before Tuesday!!
Jun 23, 2021
Silver open interest for July is still OFF THE CHARTS with the June contact expiring in only 4 DAYS!
Currently the open interest is close to 300 Million Ounces and UNLESS "They" slam the price down by next Tuesday we may see the BIGGEST SILVER DELIVERY MONTH in HISTORY!
Time will tell.
Hello, World!
All states should follow what Texas did with gold and silver
Pimpy’s Investment Chat: Jun 22, 2021
News, Rumors and Opinions Monday PM 6-21-2021
.Second Fleming RV Report Monday 6-21-2021\
Our military intel contact can’t say much except that IMF had to finish rate coordination after Iraq finished, the RV teams meeting and pointing fingers today means they are PUSHING HARD for the release right now,
His info agrees with Isaac’s info of “positive news for this week”; and his info agrees with the intel from Mr Fleming’s source who said, “There was a meeting today to determine who did what in causing the RV delay last night. The parties attending included: DOD, IMF, UST, WF, HSBC, and the specific principals from Iraq involved, all of the parties involved in the release.
The meeting was a lot of contentious finger pointing, but the end result was a unanimous - push this out right now decision. It's all in process.”
Second Fleming RV Report Monday 6-21-2021\
Our military intel contact can’t say much except that IMF had to finish rate coordination after Iraq finished, the RV teams meeting and pointing fingers today means they are PUSHING HARD for the release right now,
His info agrees with Isaac’s info of “positive news for this week”; and his info agrees with the intel from Mr Fleming’s source who said, “There was a meeting today to determine who did what in causing the RV delay last night. The parties attending included: DOD, IMF, UST, WF, HSBC, and the specific principals from Iraq involved, all of the parties involved in the release.
The meeting was a lot of contentious finger pointing, but the end result was a unanimous - push this out right now decision. It's all in process.”
He said they are doing what they need to behind the scenes to get it out, help them with prayers, as this is STILL our time—get ready for incredible freedom coming dead ahead, he said.
He also appreciated Mr Fleming’s background on the history of American Central Banking to the present.(edited)
KTFA:
Don961: Mazhar Muhammad Salih: Directions to write off 41 billion dollars for 8 countries, 100 percent
Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that Iraq's foreign debts are almost dead with the passage of time.
Saleh said, in press statements, that Iraq's foreign debt is estimated at forty-one billion dollars, and it belongs to eight countries, six of which are Arab, in addition to Turkey and two foreign countries, and other matters.
This, and the financial advisor to the Prime Minister continued that the trend is towards writing them off one hundred percent, noting that they are almost dead with the passage of time, especially since some of them are incorrect and completely unknown documents. LINK
Iobey777: WOW!! I wish all my debts would suddenly be gone 100%!! Whoohoo!! Maybe SOON!!
OlLar: Sounds like the "Paris Club" debt agreement is about to come to fruition, OH BUDDY.
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Samson: Warnings of the loss of Iraq's money abroad and parliamentary calls to legislate a law to recover it
08:55 - 06/21/2021
On Monday, members of the House of Representatives called for the enactment of a law to recover that money before the end of the current parliamentary session so that it does not go into the pockets of the corrupt.
A member of the Finance Committee, Ahmed Suleiman, told Al-Maalouma, "Iraq possesses frozen and smuggled sums in foreign banks estimated at about 500 billion dollars, which requires the executive authority to move quickly to recover them and address the financial situation."
On the other hand, the representative of the Al-Fateh Alliance, Hassan Shaker, warned in a statement to “The Information” of “the danger of the smuggled money going to the pockets of the corrupt, especially since the government did not make clear any seriousness to recover those funds,” stressing “the need to expedite the legislation of the Iraqi money recovery law.” abroad and not to carry over its law to the next parliamentary session.”
In addition, the legal expert, Tariq Harb, told Al-Maalouma that “there is great importance to legislating the aforementioned law, in addition to that it does not need more than a week in Parliament, in addition to that it depends on the judicial and punitive side and not only the seizure of funds, as well as on the international side. And not just internal. LINK
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Samson: China surprised the world with an oil discovery
06/21/21 15:41:13
The giant Chinese oil company, CNPC, announced the discovery of the largest shale oil reserves in China with a volume of one billion tons.
The company stated that new reserves of shale oil were explored in the Ordos field in the Chinese province of Gansu.
China began large-scale exploration and production of shale oil in Qingqing County, Gansu Province in 2019.
According to some forecasts, this will allow to stop China's increasing dependence on imported oil from abroad.
Available data indicate that China currently imports about 70% of national oil consumption. LINK
ALERT! Silver Riggers Dump 1 Billion oz in 1 Day to "Tamp Down" Price! (Bix Weir)
Jun 21, 2021
The Silver Riggers are panicking! On Thursday they dumped 1,063,130 oz of Silver Derivatives on the COMEX to "Tamp Down" the price below tech moving averages.
This ONLY happens when they are in TROUBLE!
Basel III Causing Gold's Volatility?
.Basel III: Causing Gold's Volatility?
Palisades Gold Radio: Jun 19, 2021
Tom welcomes a seasoned group of experts on the gold markets to discuss the upcoming Basel III changes to banking regulations and their potential impact.
We are joined by Bob Coleman, Vincent Lanci, Adrian Day, and Keith Weiner.
Keith discusses the reasons for the Basel III regulation in stabilizing the banking system. He argues these regulations will cause banks to be increasingly reluctant to participate in the gold business because of increased costs.
Basel III: Causing Gold's Volatility?
Palisades Gold Radio: Jun 19, 2021
Tom welcomes a seasoned group of experts on the gold markets to discuss the upcoming Basel III changes to banking regulations and their potential impact.
We are joined by Bob Coleman, Vincent Lanci, Adrian Day, and Keith Weiner.
Keith discusses the reasons for the Basel III regulation in stabilizing the banking system. He argues these regulations will cause banks to be increasingly reluctant to participate in the gold business because of increased costs.
As a result, some of these costs will be passed on and enter the retail markets. The LBMA has an extension on implementation and would prefer to be exempted from the Basel III regulations.
The LBMA may disappear if they have to comply with all these requirements. They have been arguing that there is no default risk with gold. These rules tighten up the market and may increase supply issues for those in the markets.
However, with fewer players, there may be more direct price discovery. In addition, the costs of hedging will rise, and this may kill off some of the marginal players in the industry.
When government intrudes into a market, they add extra friction, resulting in fewer transactions, and those on the margin are often forced out.
Adrian argues that banks aren't likely to acquire gold due to Basel III, contrary to many opinions of so-called experts in the gold space. Banks have lots of options in the tier one assets they can hold, and most banks today have large excess reserves already.
Bob discusses the possible impacts on the US dollar with these regulations. Since late February, there has been a lot of activity in the Repo markets where the bond markets started to crack.
He believes they may be deliberately trying to reduce counterparty risk by deleveraging gold.
Recent moves in gold have seen a move from weak hands to stronger hands. Adrian says, "The recent Fed news stories should have been headlined "Fed won't raise rates for two years." Instead, this market is reacting to thinner volumes, thinner exposure, and we now have a Fed that is beginning to say they will tighten.
Unallocated gold at the bank is not your asset; it's the bank's asset. If you are buying gold as insurance, the last thing you want is unallocated gold. Instead, hold and own physical metal yourself or at a depository in your name.
Time Stamp References:
0:00 - Introductions
1:14 - Basel III & Gold
5:15 - Good For Gold?
10:16 - LBMA & Basel III
13:48 - 85% Reserves?
17:14 - Tying it Together
23:15 - Not A Surprise
24:36 - Gold Deliveries
27:22 - Refiners & Comex
28:36 - Dollar Effects
38:24 - Golds Recent Moves
44:45 - Gold Basis Chart
50:00 - Recent Volatility
1:00:47 - Geopolitical Issues
1:05:02 - Unallocated Gold & Risk
1:09:26 - Final Thoughts
Talking Points From This Episode –
- Basel III Regulations and potential impacts on banks and gold markets.
- Regulation costs may be passed onto retail investors.
- Thoughts on recent volatility in the gold markets and the dollar.
- Risks with treating unallocated gold investments as insurance.
Economists Views on Basel 3, Inflation, The Gold Standard and more ....6-18-2021
.Basel 3 is Going to Forever Change the Global Gold Market | Andrew Maguire
Gold silver Pros: Premiered Jun 16, 2021
Tonight, Andrew Maguire walks us through how the 500-1 paper leverage to silver works, and why this is extremely bullish for the silver price.
As well, he gives his reasons why Basel 3 regulations will change the global gold market.
Basel 3 is Going to Forever Change the Global Gold Market | Andrew Maguire
Gold silver Pros: Premiered Jun 16, 2021
Tonight, Andrew Maguire walks us through how the 500-1 paper leverage to silver works, and why this is extremely bullish for the silver price.
As well, he gives his reasons why Basel 3 regulations will change the global gold market.
Lyn Alden: What's Really Happening To The Financial System | Gold, Silver & Commodities -MUST WATCH!
Jun 17, 2021
In this video, we speak to Lyn Alden. This is a full length interview where we discuss the future of the global financial system, gold, silver, commodities, inflation, and the stock market.
Lyn Alden shares her views on inflation, the stock market, and the future of the global financial system, including the best ways to prepare yourself.
Peter Boockvar: Inflation Will Handcuff the Fed
Palisades Gold Radio: Jun 18, 2021
Peter explains how inflation is affected by technology and production efficiency. These improvements over the past twenty years have helped to keep inflation low.
However, the service side of the economy has experienced considerable and consistent inflation. Today, service inflation is accelerating, and the critical question is where are goods prices going from here.
Peter believes that inflation will be longer-lasting and that it's likely to surprise many. Peter explains how the Fed uses the PCE inflation benchmark when it calculates inflation and why it's inaccurate regarding housing and health care.
He argues that basically anything the government subsidizes becomes more expensive. He explains how persistent inflation could bring serious problems for the Federal Reserve.
The dollar is experiencing issues due to the amount of money printing. They realize there is a limit to how much they can stimulate the economy, and Peter won't be surprised if they slow down the stimulus and spending.
A gold standard creates a limit to how much currency can be created because it has to be backed by metal in a vault. Such a standard once helped to hold politicians accountable.
The Fed's plans mean almost nothing, but most likely, they will take a less dovish approach from here. He expects the bull case for gold and silver to remain intact as the risks of continued high inflation will persist.
However, persistent inflation will catch many by surprise and may develop into a black swan event.
It's getting harder and harder to make money in the markets. So there will be a lot more bumps in the road over the next couple of years.
More News, Rumors and Opinions Thursday Afternoon 6-17-2021
.TNT:
Tishwash: Al-Kazemi receives the ambassadors of the European Union countries in Iraq
Today, Thursday, Prime Minister Mustafa Al-Kadhimi received the ambassadors of the European Union in Iraq, and discussed with them the monitoring of elections and the continuation of support for Iraq in its war against terrorism.
A statement by his office, of which Al-Nour News received a copy, said, "During the meeting, they discussed Iraqi-European relations and ways to develop them, stressing the importance of European support for Iraq in its war against terrorism and in the field of election monitoring, and renewing European support for UN Security Council Resolution No. 2576, which supports To contribute to the international monitoring of the Iraqi elections.
TNT:
Tishwash: Al-Kazemi receives the ambassadors of the European Union countries in Iraq
Today, Thursday, Prime Minister Mustafa Al-Kadhimi received the ambassadors of the European Union in Iraq, and discussed with them the monitoring of elections and the continuation of support for Iraq in its war against terrorism.
A statement by his office, of which Al-Nour News received a copy, said, "During the meeting, they discussed Iraqi-European relations and ways to develop them, stressing the importance of European support for Iraq in its war against terrorism and in the field of election monitoring, and renewing European support for UN Security Council Resolution No. 2576, which supports To contribute to the international monitoring of the Iraqi elections.
During the meeting, Al-Kazemi stressed, "The government has prepared all the requirements for holding the early elections on time, on October 10, and providing the appropriate conditions to ensure that their results are the true expression of the will of the Iraqi people."
For their part, the ambassadors expressed the European Union's support for the Iraqi government's directions aimed at imposing the rule of law and economic reform, as well as its growing interest in developing investment opportunities that will result in providing more job opportunities.
The ambassadors of the European Union expressed their confidence in the government's ability to meet the demands of citizens, achieve their aspirations for a dignified life and fulfill human rights standards.
The ambassadors affirmed the readiness of the European Union and its states to provide the support that Iraq needs to organize early elections, according to the priorities set by the Iraqi government, and in a manner that promotes broad participation and respects Iraqi sovereignty. link
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Tishwash: Al-Bayati: Parliament is required to reveal who is with the people and who is against them regarding the dollar issue
The leader of the Al-Fateh Alliance, Muhammad Al-Bayati, was surprised, on Thursday, that some blocs cried over the citizen and were the ones who voted to raise the price of the dollar.
Al-Bayati said, in a statement to the "Information" agency, that "Parliament should hold a session and re-vote on the exchange rates and clarify the truth of the blocs that cry in the media for the interest of the citizen, which is false."
He added, "In the event that this is done and a session is held and a quorum is achieved, the people will show the reality of many blocs that show solidarity with the citizen and conceal in secret deception."
He pointed out that "there are many steps through which Parliament can expose the lies and falsity of some political blocs in the issue of raising the dollar and deceiving citizens."
It is noteworthy that some blocs that announced their refusal to raise the exchange rate refused to reconsider the dollar and reduce it to its old status or choose an average price. link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Walkingstick [via Frank26] There is a date...The economic reform date is the same as the monetary reform date...There is a date written in stone and it has not changed of when the new small category notes, of when the new exchange rate, is scheduled to be released. IMO that date gets closer and closer... although the process of the education has just started...it is the words and explanation of this education that will instill confidence not only in the dinar, not just in the citizens of Iraq, but in the monetary reform itself...
Frank26 Article: "A national campaign to support the Iraqi dinar." Yes indeed a new rate of 1 to 1 that they have been campaigning and talking about at the CBI is coming...pay close attention to the word that the governor of the CBI is using with citizens...he told you yesterday 'a campaign of education is now starting' and once again are those not my exact words...?
Petra We've got nothing to share. Nothing going on. It's kinda boring. NOT! :) ...The Group of Seven [G7]...it made a very clear statement. It said that the G7 supports the sovereignty and independence of Iraq. That's the largest, financially most profitable countries in the world recognizing the sovereignty and independence of Iraq. That to me is a very clear clear statement of how they feel and where they feel Iraq is at...
Dinar Gold and Silver update for 06/17/21
Pimpy’s Investment Chat: Jun 17, 2021
Lynette Zang, The Nomad Economist and Mike Maloney 6-16-2021
.Lynette Zang: Silver Squeeze could start The Currency Reset: You Won't Believe What's Happening Next
I Love Prosperity: Jun 16, 2021
Lynette Zang: Prepare Yourself For The Currency Collapse
In this video, I share one of my favorite clips of my recent interview with Lynette Zang from ITM Trading. Lynette talks about Gold, Silver and what is really going on with the global financial system.
Lynette says we're in the early stages of a global currency collapse, the likes of which we've never seen on such magnitude.
In this video, she breaks down what she believe is happening, and what is coming next.
Lynette Zang: Silver Squeeze could start The Currency Reset: You Won't Believe What's Happening Next
I Love Prosperity: Jun 16, 2021
Lynette Zang: Prepare Yourself For The Currency Collapse
In this video, I share one of my favorite clips of my recent interview with Lynette Zang from ITM Trading. Lynette talks about Gold, Silver and what is really going on with the global financial system.
Lynette says we're in the early stages of a global currency collapse, the likes of which we've never seen on such magnitude.
In this video, she breaks down what she believe is happening, and what is coming next.
With Reverse Repos, The Fed Is Now Trying to Clean up Its Own Mess
The Nomad Economist: Premiered 14 hours ago
This spring Scott Pelley of 60 Minutes asked Fed chair Jerome Powell, “And you believe the system, because of the oversight of the Fed, has the wherewithal to stand a significant shock to the markets?”
After pointing out that the markets survived a 25 percent drop in GDP and the loss of 30 million jobs last covid spring, Powell admitted that “some parts of the financial system had to be bailed out again.
These were really, though, nonbank places like money market funds and things like that, where we had to step in again and provide liquidity.”
Money market funds (MMF) are what most investors consider cash. How could anything go wrong with cash? One wonders why the Fed would be forced to provide liquidity to shore up liquidity.
Silver's Coming Reversal will Be Shocking - Mike Maloney & Jeff Clark
Jun 16, 2021
Join Mike Maloney and Jeff Clark as they investigate the potential returns of silver, measured against the stock market.
More News, Rumors and Opinions Tuesday Evening 6-15-2021
.TNT:
Tuesday UPDATE for June 15, 2021
Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?)
Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month."
Time Will Tell!!
TNT:
Tuesday UPDATE for June 15, 2021
Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?)
Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month."
Time Will Tell!!
Tishwash: After Barzani’s announcement, a government source clarifies how to pay the region’s share of the budget
A government source explained how to pay the Kurdistan region’s share of the federal financial budget for 2021.
The source told {Euphrates News}, that “the amount will be an advance and for the purpose of addressing the suffering of the region’s employees who have not received their salaries for a while.”
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, announced this evening that he had reached an agreement with Baghdad regarding the region’s budget after his phone call with Prime Minister Mustafa Al-Kazemi.
Barzani said in a statement: “I am pleased to announce that an agreement has been reached under which the dues from the federal budget will be sent back to the Kurdistan region, with a retroactive effect, starting from January 2021.”
And he added, “During our phone call, I thanked him for his leadership, and I thanked the federal government for its support for this important turning point, through which we together overcame this difficult and long-standing obstacle.”
The Kurdistan Regional Government announced two weeks ago that it would send two important files to Baghdad related to “the region’s oil expenditures and non-oil revenues.”
And regarding sending the salaries of the region’s employees, the spokesman for the Kurdistan government, Jutiar Adel, suggested that “this issue will reach the implementation stage, and part of it has already reached the implementation stage, and in the near future financial dues will be sent to the Kurdistan region within the federal budget.”
It is noteworthy that the House of Representatives voted on March 31, 2021, to approve Article (11) of the Iraqi Budget Law for 2021, which is related to the Kurdistan Region’s share of the budget.
The Kurdistan region needs 895 billion dinars per month to distribute salaries without deduction, ie up to 10 trillion and 740 billion dinars annually. link
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Courtesy of Dinar Guru
Frank26 [Community member bank story] Member: I was talking to the Nova Scotia Bank and I asked it they'd be doing currency exchanges for foreign currency. They said yes. They even looked up the rate and told me what it was at the time. I was really excited. Frank: Did you specifically say the Iraqi dinar or did you just say foreign currencies? Member: They asked me what currencies and I told them the Iraqi dinar and dong. Frank: So Nova Scotia Bank in Canada is telling you they will do exchange with the Iraqi dinar whenever you want, right? Member: Yep, that's right. Frank: ...it's interesting to see that Nova Scotia is talking to you very comfortably. They are not being paranoid, 'Oh, we don't know anything. It's a scam. We don't do the dinar.' No. They treated you very business like didn't they? [post 1 of 2....stay tuned]
Frank26 [Community member bank story continued] Member: Yes they did. It was very business like and well done. They didn't say it was a scam or anything... Frank: Canada, you now know the bank that will be exchanging the Iraqi dinar. I find it interesting that that bank was saying no and now they're saying yes. IMO I think it's because banks are a little more savvy because the World Bank has been talking to the BIS and have been talking to many central banks. When's the last time you've had Wells Fargo say, 'No, it's a scam!' No. I don't hear that anymore...anyone who treated me like an imbecile all these years will never get my business... [post 2 of 2]
Is Inflation Really Transitory?...HEADLINE NEWS WITH LYNETTE ZANG
Streamed live 74 minutes ago
How Basel III will effect Gold and Silver
Pimpy’s Investment Chat: Jun 15, 2021
Lynette Zang and Miles Harris Friday PM 6-11-2021
.Q&A WITH LYNETTE ZANG
MARKETS, REAL ESTATE & CONFISCATION…
Jun 11, 2021
Question 1: 0:46 I am losing confidence in the markets & struggling to influence my family to get out of the system now. What is the best way you were able to get your family on your side?
Question 2: 4:06 When can we expect the real estate market to slow down for investment?
Question 3: 6:16 If we switch to a true digital currency why would we need the Fed or treasury?
Question 4: 8:30 Does it matter if Pre-1933 gold is ungraded or graded by PCGS/NGC? Wondering in terms of confiscation.
Q&A WITH LYNETTE ZANG
MARKETS, REAL ESTATE & CONFISCATION…
Jun 11, 2021
Question 1: 0:46 I am losing confidence in the markets & struggling to influence my family to get out of the system now. What is the best way you were able to get your family on your side?
Question 2: 4:06 When can we expect the real estate market to slow down for investment?
Question 3: 6:16 If we switch to a true digital currency why would we need the Fed or treasury?
Question 4: 8:30 Does it matter if Pre-1933 gold is ungraded or graded by PCGS/NGC? Wondering in terms of confiscation.
Question 5: 11:08 How do you feel about ETFs such as PSLV that are backed with physical silver?
Question 6: 12:28 How will they introduce UBI?
Question 7: 13:37 Why are some Gas stations giving discounts per gallon if you go in and pay with cash?
Meet your New Landlord: Wall St.
Miles Harris: Jun 11, 2021
Meet your new Landlord: Wall St and in particular Blackrock. A dangerous trend is rapidly underway and that is the purchase of single family rental properties by large financial institutions.
This threatens to send home prices ever higher and to reduce the ability of the middle class to build wealth through home equity.
Will Basel III End Paper Gold and Silver Markets? Alastair Macleod
.Alasdair Macleod: Will Basel III end paper gold & silver markets
Arcadia Economics: Premiered 87 minutes ago
Where there’s the possibility that the banks are forced to reign in their unallocated paper gold and silver contracts. Which some think might be the spark to finally free the precious metals prices.
Will that actually occur?
To find out, Alasdair Macleod of Goldmoney.com joins me on the show to explain what’s happening.
Alasdair Macleod: Will Basel III end paper gold & silver markets
Arcadia Economics: Premiered 87 minutes ago
Where there’s the possibility that the banks are forced to reign in their unallocated paper gold and silver contracts. Which some think might be the spark to finally free the precious metals prices.
Will that actually occur?
To find out, Alasdair Macleod of Goldmoney.com joins me on the show to explain what’s happening.
So click to watch the video now!
News, Rumors and Opinions Thursday Afternoon 6-10-2021
.KTFA:
Samson: Falling oil prices with weak demand for gasoline
10th June, 2021
Oil prices fell on Thursday, as inventory data in the United States, the world's largest oil consumer, showed an increase in gasoline stocks pointing to weaker-than-expected demand for fuel at the start of summer, the country's peak auto season
Brent crude futures were down 55 cents, or 0.76%, at $71.67 a barrel by 05:05 GMT, while US crude futures were down 53 cents, or 0.73%, at $69.43 a barrel
KTFA:
Samson: Falling oil prices with weak demand for gasoline
10th June, 2021
Oil prices fell on Thursday, as inventory data in the United States, the world's largest oil consumer, showed an increase in gasoline stocks pointing to weaker-than-expected demand for fuel at the start of summer, the country's peak auto season
Brent crude futures were down 55 cents, or 0.76%, at $71.67 a barrel by 05:05 GMT, while US crude futures were down 53 cents, or 0.73%, at $69.43 a barrel
The Energy Information Administration said yesterday, Wednesday, that US crude oil stocks, which include the Strategic Petroleum Reserve, fell by 5.2 million barrels in the week ending June 4 to 474 million barrels, and the data also showed that demand for gasoline fell to 8.48 million barrels per day in the week ending in the fourth. From June, down from 9.15 million barrels per day compared to the previous week, so the fuel stocks have grown
In India, fuel demand fell in May to its lowest level since August last year, with a second wave of COVID-19 hampering mobility and curtailing economic activity in the world's third largest oil consumer LINK
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TNT:
NetGlobal: The CBI has to make a move real soon. The exchange rate in Iraq is intolarable. 1500 to 1550 dinar to the dollar. The citizens are going to revolt. They have lost faith in the dinar and the government and the CBI.
RVAleady: Yes, with better planning all around, I think we could have been done long ago. Hopefully, everyone is in high gear now.
AndyB: are we getting close to where I can go fishing permanently yet?
Yada: Andy,,I'm confident we are! There is intense pressure for Iraq to change the value on their currency and Baghdad and Kurdistan are meeting now regarding the launch. The CBI will release the rate and they are directed by the White Papers that was accepted by all the PTB
Yada: Clearly, floating the currency now is cause the value to decease on the dinar but after they RI, it will attract the world to their doors and the second economy will be launched with all the investments
Yada: Just read Walkingstick, via Frank26, confirmed they are implementing the new mechanism, which we know is the new rate to fund the salaries, the budget, the HCL, the farmers, and the white papers
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Courtesy of Dinar Guru
Walkingstick [via Frank26] I want you to notice something. These terms 'implementing a new mechanism' are being used for everything that's needing a new exchange rate. They are implementing a new mechanism...You know them all - the salaries, the budget, the HCL, the farmers, the white papers.
Frank26 Kazimi and Ghaleb are in cahoots. They are on the same floor. They are standing on the same terra firma. They understand exactly what they are doing with their reforms. One of them is in charge of one reform. And the other one is in charge of the other reform but ironically enough one reform can't be launched without the other reform going first or simultaneously. Ghaleb and Kazimi are in deep conversations with the Fab 4...they meet everyday...right now the topics they are having...are hot on the economic and monetary reforms...
ALERT! JP Morgan Controls 63% of All COMEX Eligible Physical Silver...WHY?! (Bix Weir)
Jun 10, 2021
JP Morgan is controlling the entire Physical Silver market and most of that control comes from the Warehousing of 63% of COMEX Eligible silver.
JPM holds the entire World Hostage and can crash or pump the Silver Market at any moment deciding the fate of the very fragile financial system. Why is this ALLOWED to CONTINUE?