Weekend Show – Sat 13 Jan, 2018

Comments on Metals, The FANG Stocks, Bitcoin, and Trump’s First Year

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This was a news heavy week for treasuries with the 10 year touching just under the 2.60% level. We also saw precious metals rise nicely but US markets continued to scream higher. The US Dollar was especially noteworthy as it closed Friday at it’s lowest level since 2014. In the show this week we have some insights on the metals complex from a technical and fundamental side plus comments on cryptocurrencies and the push back on the FANG stocks.

This week was also a very busy week for our sponsors and a wide range of metals stocks. Please click on the links below and comment or email with questions or discussion points for management. I do my best to cover companies that have developing story and are vetted by other experts in the sector.

  • Segment 1 & 2: Jesse Felder, Founder of The Felder Report kicks off the first 2 segments discussing the scrutiny that the FANG stocks are coming under around the world. We also discuss the argument that Bitcoin and cryptocurrencies in general are a better store of value than gold.
  • Segment 3: David Vincent, Canamex CEO and a well known technical trader shares his insights on the long term cycle in the CDNX, a great barometer for metals stocks.
  • Segment 4: We wrap up the show with John Kaiser and his comments on how continued global growth is beneficial for metals. Plus insights on a more advanced metals company.
  • Segment 5: Adam Levin discusses cyber security with Big Al.
  • Segment 6: We continue our discussion about cyber security with Adam Levin.
  • Segment 7: Stephen Gregory Publisher of The Epoch Times discusses the factual reporting that his paper strives to provide.
  • Segment 8: Stephen Gregory summarizes his newspapers coverage of Trumps first year in office.

Exclusive Company Updates and Interviews


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Segment 5

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Segment 6

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Segment 7

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Segment 8

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Featuring:
Jesse FelderDavid VincentJohn KaiserAdam LevinStephen GregoryCory Fleck
Al Korelin

Comments:
  1. On January 13, 2018 at 4:22 am,
    Excelsior says:

    Looking forward to another KER weekend show. Thanks Cory & Big Al and the rest of the crew.

  2. On January 13, 2018 at 4:25 am,
    Excelsior says:

    Junior Equities Rise Steadily Amid Bitcoin Mania
    The Weekly Dig – Jan 12, 2018
    by Mick Carew, PhD, Emma Boggio, MSC, CPA and CA, & The Haywood Mining Team

    $HRT $EQX $BGM $CMMC $OSK $LUG $MOZ $BTO $AGI

    http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d5iibc-MMJan122018.ceo.pdf

  3. On January 13, 2018 at 4:27 am,
    Excelsior says:

    To the moon with Crypto Wars — Issue No. 9

    Your dose of crypto news and analysis from @BTO and @Goldfinger

    https://ceo.ca/@bto/to-the-moon-with-crypto-wars-issue-no-9

    • On January 13, 2018 at 4:39 am,
      Excelsior says:

      Gold & Blockchain
      January 10, 2018 – Kevin Vecmanis, P.Eng

      “Gold never changes – only the world changes around it.”

      “Gold, as an asset class, has one of the richest histories of all the earthly assets ever to have value bestowed upon them by man. As far back as we go in history, for which there is archaeological record, we find evidence of an infatuation with gold. ”

      “I was talking with a friend the other day about VanAurum, artificial intelligence, and blockchain. He asked, “Why are you building an artificial intelligence for gold? Isn’t it dead? Why don’t you just build an artificial intelligence for analyzing crypto?”

      “As an investor, it’s perception like this that gets me excited. Successful investing is all about selling things that people want now, and reinvesting that money into something that people will want later….”

      http://www.vanaurumtech.com/single-post/2018/01/10/Gold-Blockchain

  4. On January 13, 2018 at 4:29 am,
    Excelsior says:

    The raw materials that fuel the Green Revolution
    Visual Capitalist | Jan. 11, 2018

    “A major theme of the conference is sustainable energy – and the math indeed makes it clear that to fully transition to a green economy, we’ll need vast amounts of metals like copper, silicon, aluminum, lithium, cobalt, rare earths, and silver.”

    “These metals and minerals are needed to generate, store, and distribute green energy. Without them, the reality is that technologies like solar panels, wind turbines, lithium-ion batteries, nuclear reactors, and electric vehicles are simply not possible.”

    http://www.mining.com/web/raw-materials-fuel-green-revolution/

  5. On January 13, 2018 at 4:30 am,
    confused says:

    Again David Vincent a.k.a “Spock” works on a very high level! Cory, can you post his monthly chart(s)? I tried both Chrome and Firefox without any luck to see and live chart links.
    thanks

  6. On January 13, 2018 at 4:40 am,
    Markedtofuture says:
  7. On January 13, 2018 at 4:44 am,
    Wolfster says:

    Hey Ex any thoughts on this comment regarding USA ….I own both anyways but found it an interesting comment.
    I went all in with Trevali Mining today. I discovered that they received a $90M windfall in quarter 4 from concentrate that came along with the purchase of their African mines. This concentrate was sold in quarter 4. I expect TV to earn $170M after tax in 2018 for .20 per share. I expect poor fourth quarter results from USA as grades at San Rafael started out poorly. I will likely get back in to USA in April if production looks better there. Galena remains a VERY high cost operation and if they have labor problems that could make it worse. TV has better near term prospects.

    • On January 13, 2018 at 5:04 am,
      Excelsior says:

      The company all in costs now that San Rafael is in production will be around $3-4 by the end of 2018. Whenever companies start production they throw the lower grade stockpiles at the mill to optimize it before accessing the higher grade stopes. Whoever this poster is also failed to point out that the grades for Silver are lower because they are focusing on the parts of the mine that are more Zinc/Lead focused while those prices are higher to capitalize on it, but combined concentrate with the Silver + Zinc/Lead is plenty high enough and their metal recovery is within 5% of what they expected so they’re doing just fine.

      Here is something from the December production update now that USAS has moved into production at San Rafael:

      ______________________________________________________________________

      “Mine production at San Rafael is currently averaging approximately 1,200 tonnes per day and increasing as additional ore headings continue to be established. The Company’s Los Braceros mill began processing San Rafael ore on November 19, 2017 and has steadily increased throughput and recoveries. It has averaged approximately 1,400 tonnes per day through the pre-production period with silver, zinc and lead recoveries within 5% of Company expectations and continues to improve. An accumulated pre-production stockpile of approximately 23,000 tonnes is available to supplement mill feed as necessary. The mine is initially targeting 1,500 tonnes per day of throughput in early Q1 2018 and expects to test the limits of the existing design capacity of the mill in the second half of 2018.”

      “We are pleased at achieving this significant milestone for the Company,” said Daren Dell, Americas Silver’s Chief Operating Officer. “This mine will be the cornerstone of our Mexican operations and provide cash flow for further drilling and development of our Zone 120 resource, as well as future exploration on our greater land position in the Cosalá district without equity dilution.”

      https://ceo.ca/@businesswire/americas-silver-corporation-declares-commercial-production-rafael-mine

      • On January 13, 2018 at 5:09 am,
        Excelsior says:

        Americas Silver – Derisked And Well Positioned For The Current Rally In Zinc Prices

        Jan. 4, 2018 – Simple Digressions – SeekingAlpha

        “During the fourth quarter of 2016 the company started the construction of San Rafael with an estimated capital expenditure of $22M, then reduced to $17M. To complicate things further, the Cosala mine consists of three sub-mines: Nuestra Senora, El Cajon and San Rafael. To go smoothly from the current operations at Nuestra Senora to San Rafael the company decided to get the additional ore feed from the El Cajon mine. As a result, the financial reports published in 2017 (particularly the 3Q 2017 report) were not an easy read.”

        Applying current metal prices (silver: $17 / oz; zinc: $1.5 / lb and lead: $1.16 / lb) the value of metals in ground is as follows:

        Silver: $205.7M
        Zinc: $506.4M
        Lead: $161.9M
        It means that now, basically, San Rafael is a base metals (zinc and lead) / silver operation with zinc being the primary metal.

        “Secondly, according to the technical report for San Rafael, over the next six years the new mine should be delivering 35.6 million pounds of zinc in annual production, on average (in 2016 Americas Silver produced 10.1 million pounds of zinc). In my opinion, this huge increase in zinc production should have a positive impact on the company’s results – since the beginning of 2016 zinc prices have been going steadily up (look at the chart below) and, according to CRU Group, this trend should continue this year:”

        • On January 13, 2018 at 5:15 am,
          Excelsior says:

          The other thing to mention is that Galena is producing a large amount of Silver Zinc and Lead as well, and they have been and are continuing to reduce costs.

          Here is pg 7 of their December Corporate Presentation:

          ___________________________________________________________________

          GALENA COMPLEX (IDAHO, USA) – OPERATIONAL UPDATE

          • Over 250 million ounces of historical silver production
          • High-grade silver mine, 10+ years mine life with expansion opportunities
          – Undergone 3-year change from Ag/Cu ore to Ag/Pb to reduce costs and increase profitability
          • Large proven reserve and resource base which can be exploited with low capex
          – Underutilized milling and hoisting capacity
          – Developments underway of Ag/Pb areas at Upper Country and Caladay Zone
          – Available Ag/Cu ore at Galena Mine and Coeur Mine re-start if silver price increases
          • Development and underground equipment capital to be added in 2018 and 2019 to lower costs further
          • Further drilling to confirm the continuity of the 4900 Level 360/366 Vein and to extend and upgrade the resource
          • Both areas 3400/4900 level could see development starting in 2018 to increase production and reduce costs in 2019 and beyond

          http://www.americassilvercorp.com/i/pdf/presentations/presentation20171207.pdf

      • On January 13, 2018 at 5:21 am,
        Wolfster says:

        Thanks….with zinc where it’s at I just want to make sure I’m in the right plays to max my profits. TV is getting close yo breaking out to new highs…producers obviously are trading higher…..finding the explorers aka tk et al are not participating recently after good runs ….perhaps needing to consolidate after their runs

        • On January 13, 2018 at 5:23 am,
          Wolfster says:

          BTW …the gentleman who first suggested rzz and gzz to me just mentioned buying rzz again this past week FWIW

          • On January 13, 2018 at 5:37 am,
            Excelsior says:

            No change on my end. I’d still much rather own GZZ versus RZZ.

            An investor in GZZ gets 1/2 of RZZ and all the other projects, JVs, and stock holdings with Sirios, Bonterra, etc…

            ______________________________________

            ** GZZ owns 5,605,246 shares of Abitibi Royalties (TSXV:RZZ)

            – RZZ owns royalties on parts of the Canadian Malartic Mine, including a 3% NSR on
            Odyssey North

            – Inferred resource at Odyssey, subject to the RZZ NSR – 1,039,941 ounces @ 2.16 gpt

            * GZZ owns 4 million shares of Sirios Resources Inc. (TSXV:SOI)
            – 2.5 – 4% NSR on the Cheechoo Prospect

            * Active Joint Ventures
            – Lac Barry, Centremaque and Island 27

            * Share ownerships
            – 49.2% of RZZ (5,605,246 shares)
            – 24.6% of MZZ (8,163,634 shares)
            – 3.1% of SOI
            – 16.6% of IZZ (4,170,910 shares)

            ** Golden Valley granted an option to Val-d’Or Mining Corporation to acquire a
            100% interest in 61 of its grassroots properties

            – Val-d’Or Mining Corporation must incur $4,000,000 of exploration expenditures on the properties before December 31, 2021
            – $500,000 before December 31, 2018
            – $750,000 before December 31, 2019
            – $1,000,000 before December 31, 2020
            – $1,750,000 to be incurred on or before December 31, 2021

            * Val-d’Or Mining Corporation will issue 16,666,668 common shares to Golden Valley at $0.12 per share ($2 million value)
            – Val-d’Or Mining Corporation has granted Golden Valley a 1.25% NSR on the 61 properties
            – 1% of the royalty may be bought back for $5 million

            http://www.goldenvalleymines.com/investors/presentations/GZZ-01-Dec-2017-Cdn_website.pdf

          • On January 13, 2018 at 5:38 am,
            Excelsior says:

            Speaking of GZZ – Here’s an interview with good ole’ Glenn !

            _______________________________________________________

            Glenn Mullan | PDAC President (and ceo of Golden Valley Mines GZZ) discusses 2018 PDAC Convention & How it Benefits the Mining Investor

            MiningStockEducation – Jan 11, 2018

            https://www.youtube.com/watch?v=cPwpuojeGNw

          • On January 13, 2018 at 5:42 am,
            Wolfster says:

            I agree with you and think gzz is undervalued vs rzz…he didn’t have time for me to ask why he was specific about buying rzz or whether it was assumed that gzz was part of the package….we are heading into the annual drill update season for Malartic

          • On January 13, 2018 at 5:46 am,
            Excelsior says:

            Bring on the Malartic Drilling !! 😉

        • On January 13, 2018 at 5:30 am,
          Excelsior says:

          Zinc price hits fresh decade high
          Frik Els | Jan. 12, 2018,

          http://www.mining.com/zinc-price-hits-fresh-decade-high/

          • On January 13, 2018 at 5:45 am,
            Excelsior says:

            Wolfster – regarding Zinc I do like Trevali and have owned it before. They are like Glencore’s lapdog, and picked up 2 more projects off Glencore last year that were spun out to them. I also like Pasinex for a producer, but clearly some of the Silver companies can have excellent Zinc upside, and that is my feeling with Americas Silver at present with their focus more on Zinc/Lead but still with plenty of Silver. They also have lots of Silver in the ground that they are saving for better prices, so that makes all the sense in the world to focus on Zinc/Lead now while the prices are so elevated.

            Other Zinc Developers & Explorers that I hold are Tinka Resources, Vendetta Mining, Canada Zinc Metals, Callinex Mines, and Heron Resources.

            I was considering Foran but it has already taken off, but Fireweed Zinc, Constantine Metals, Ascendant Resources, and Solitario Zinc are still on my short list.

          • On January 13, 2018 at 6:04 am,
            Wolfster says:

            I recently looked at Ascendant and it’s at the top of my list for producers to buy….Tinka is the only explorer I have right now.Callinex went in my penalty box so to speak but are almost out of it….Fireweed is interesting and also am keeping an eye on barksdale…..and am waiting for Nevsun to get all cylinders firing

          • On January 13, 2018 at 12:38 pm,
            Excelsior says:

            I wasn’t aware that Ascendant was producing yet, until someone raised the point recently on ceo. As for Nevsun, I’ve never owned it (a bit too large and clunky for me, and they are avoided due to speculation about what may have happened 10-15 years ago – although none of it was ever substantiated). However, I do have royalties on NevSun’s Serbian properties through EMX Royalties, and that is going to be a cash cow for them. EMX had the deal with Reservoir before Nevsun acquired them.

            As for Callinex, they were exciting, and then everyone put them in the penalty box when they missed, but this last year’s drill program had them hitting as planned once again and they had some good results. What I like about them is that they have one of the few land packages surrounding Hudbay’s operations, and Hudbay is running out of ore and needs a new asset if they are going to keep their processing center open and keep everyone employed. I could see CNX getting acquired by Hudbay in the next year or two for just that reason.

            As for Tinka Resources, they’ve been one of my top Zinc picks for over a year now, and I really like Vendetta Mining as well. Both are likely to be acquired by a larger company in late 2018 or early 2019, so I just set it and forget it with those 2.

            I’ve talked about it ad nauseam, but (CZX) Canada Zinc Metals has a huge resource defined and is partnered with Teck Resources and Korean Zinc, and I they are JVing a few properties from CZX, and have made strategic investments in Canada Zinc Metals. I believe this latest news release seals the deal and CZX will get nabbed by both these companies in the not so distant future.

            ____________________________________________________________________

            Canada Zinc Metals Announces Completion of Initial Earn-in On the Pie Option Properties
            January 11, 2018 –

            “Canada Zinc Metals Corp. (CZX) is pleased to announce that Teck Resources Limited (TECK.B) and Korea Zinc Co. Ltd. have delivered to the Company an exercise notice regarding the Optionees’ First Option on the Pie, Yuen and Cirque East properties.”

            http://www.canadazincmetals.com/news/index.php?content_id=273

            _____________________________________________________________________

            The only bummer in my Zinc portfolio in 2017 was Heron Resources. I’m not sure exactly why the market punished them so hard for the capital raise needed to build their huge Copper/Zinc “Woodlawn Project”. They languished all year long mostly on hold trying to secure the big capital raise, and have been in construction the rest of 2017. They just restructured their shares with a rollback, and I’m considering just doubling down now that the dust has settled.

            Woodlawn is going to be a massive project and if everyone is so animated by Copper and Zinc, then I’d much rather have a company going into production on a new long-life mine, than some beaten down old base metals company that has used up most of their asset years ago.

            Again, there are others on my short-list as mentioned above, but I’m looking forward to another great year in the Zinc sector.

    • On January 14, 2018 at 12:13 am,
      Excelsior says:

      (CNX) (CLLXF) Callinex Mines: Zinc Exploration & Development In Canada – PEA For Nash Creek Coming Soon

      ResourceCapitalAG – Dec 7, 2017 #VIDEO Interview

      https://www.youtube.com/watch?v=2RDlaSlT2T0

      • On January 14, 2018 at 12:15 am,
        Excelsior says:

        Callinex Issues Letter to Shareholders

        by @newswire on January 3, 2018

        “In 2017 we completed nearly 20,000m of diamond drilling within our zinc-rich project portfolio marking the busiest year in the history of the Company. Callinex aggressively moved forward its advanced-stage assets in the Bathurst Mining District supported by the robust zinc market where the price rose by 29% in 2017, further building on a 60% increase from 2016.”

        “A milestone in 2017 was the completion of a maiden drilling campaign at the Nash Creek Project, which culminated with the major expansion of the Nash Creek Deposit to the north. The success of this program led to an expanded drilling campaign that concluded just before the holiday season. While we await assay results from the most recent campaign, which consists of 35 holes, we are encouraged that the deposit remains open for continued expansion in the New Year.”

        “Work completed this year has demonstrated that the Nash Creek Deposit is materially larger than when the Company first acquired it. While our initial focus has been to continue to expand the deposit to the north, we believe there is strong exploration potential in all directions. Additionally, the Central Zone, located 1.6 km to the east where historic drilling has intersected zinc mineralization in widely-spaced drill holes, could host a significant resource with additional drilling.”

        https://ceo.ca/@newswire/callinex-issues-letter-to-shareholders-1809c

  8. On January 13, 2018 at 4:46 am,
    Markedtofuture says:

    Very busy 2 weeks coming up in Oz. All the Novo exploration team back on Monday and looking forward to Artemis working with Quinton and Novo these weeks on progressing Purdy’s Reward and other aspects of conglomerate gold. @Artemis_ARV @edward_mead $ARV I hit Perth Monday.
    1:43 AM – 13 Jan 2018 twitter DavidLenigas Replying to @aronro

    @roweman_rowey Show me one discovery of size that has ever gone in to production in under 3 years. I can’t think of any. Now the Radio Hill plant could initially change all of that. But let’s see.

    https://hotcopper.com.au/threads/novo-ann-just-released.3927329/page-241?post_id=29857439

  9. On January 13, 2018 at 4:51 am,
    Markedtofuture says:

    Sara Carter: Fusion GPS testimony backfired on the Democrats

    Fox News contributor Sara Carter, ‘Trumped Up’ author Alan Dershowitz and Judicial Watch president Tom Fitton weigh in on ‘Hannity.’

    https://video.foxnews.com/v/5709340629001/?playlist_id=930909813001#sp=show-clips

    • On January 13, 2018 at 5:03 am,
      Markedtofuture says:

      Hannity: FISA abuses are worthy of further investigation

      Jan. 12, 2018 – 7:05 – Are media so anti-Trump that they no longer care about the truth?

      https://video.foxnews.com/v/5709319677001/?playlist_id=930909813001#sp=show-clips

      • On January 13, 2018 at 5:12 am,
        Markedtofuture says:

        Obama rips Fox News viewers: ‘You are living on a different planet’

        Former President Barack Obama resurfaced on Friday and took a shot at Fox News viewers, saying they’re “living on a different planet” than people who consume mainstream media.

        http://www.foxnews.com/entertainment/2018/01/12/obama-rips-fox-news-viewers-are-living-on-different-planet.html

        • On January 13, 2018 at 5:30 am,
          Ozibatla says:

          It begs the question, What planet does the ever so righteous Obama live on???

        • On January 14, 2018 at 12:07 pm,
          CFS says:

          I can’t listen to Bloomberg anymore.

          Opinions are pure trash .
          The ultimate in fake news criticism, pandering to liberal scum.

          • On January 14, 2018 at 1:34 pm,
            OOTB Jerry says:

            Ditto

          • On January 14, 2018 at 1:35 pm,
            OOTB Jerry says:

            I have not listened to Bloomy for 8 yrs……..maybe 10….no maybe 17 yrs…….

  10. On January 13, 2018 at 4:53 am,
    Markedtofuture says:

    New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards

    A new survey from LendEDU reveals that a staggering number of Americans are making BitCoin purchases on their credit cards…what could go wrong?

    https://www.zerohedge.com/news/2018-01-11/new-survey-reveals-staggering-number-people-are-buying-bitcoin-their-credit-cards

    • On January 13, 2018 at 5:19 am,
      Excelsior says:

      Interesting article Markedtofuture.

      If Bitcoin is “Gold 2.0” or a “Store of Value” then why are people borrowing “money” on their credit cards?

      Wouldn’t it make more sense to just transfer money into an exchange to buy them directly, rather than borrowing “money” (dollars) at compound interest to move funds into Bitcoin?

      Clearly, Bitcoin is being used as a speculative trading vehicle and not a store of value for those using credit cards to buy them.

      People are great….

      • On January 13, 2018 at 5:24 am,
        Excelsior says:

        In a way it is like buying Bitcoin with margin, since these people can’t afford to just buy them. This will magnify gains and give them access to funds that they don’t currently have if Bitcoin goes up, where they can sell at a profit and then pay off the cards.

        However, if they do this and Bitcoin corrects down further, and the interest comes due, then they’ll be screwed and compound their losses.

        It’s a 2-way street and may work out making some folks extra money, but the risk factor is great for some people to get their clocks cleaned, and create a situation where they are paying interest on money borrowed that could tank in value.

      • On January 13, 2018 at 5:29 am,
        Wolfster says:

        Or if people are like me they do everything on their visa for the points and travel for free.😉

        • On January 13, 2018 at 5:38 am,
          Wolfster says:

          And pay it off every month obviously so we pay no interest

          • On January 13, 2018 at 5:53 am,
            Excelsior says:

            Yeah, if one just pays the credit card off in full for points, that is fine. ( I do the same thing, and use it more like a convenience card but make money every year on the qualified purchases).

            However, if I was going to “store value” then I would just transfer $ from a bank to a crypto directly, and not entangle a credit card into the mix.

            Regardless, I doubt most of the people using credit cards to buy bitcoins are paying their cards off in full each month, and it is far more probable that they are borrowing money they don’t have to speculate in the markets. That is like juggling dynamite.

  11. On January 13, 2018 at 5:27 am,
    Ozibatla says:

    “Gold never changes – only the world around it does”
    A good quote Ex. I couldnt agree more. Although, that doesnt always bode well for the yellow metal.

    As we chew through the years, we get closer towards that ever elusive can that has been kicked down the road. I truly believe this moment will not be good for the majority. This world and those who pillage it are going to get their just desserts!

    Those who are short sighted will also be short changed!

    • On January 13, 2018 at 5:58 am,
      Excelsior says:

      Ozibatla – I agree that when we get to the elusive spot in the road where the can is no longer able to be kicked, then “this moment will not be good for the majority.”

      Yes, those who do not properly prepare, diversify, and take corrective action when the time is near, will pay a heftier price and have more of their net worth and quality of life eroded.

      I’m not placing all my hope in Gold, but I don’t mind having exposure to PMs along with the rest of the mix as a hedge against insane monetary policy and an inflation shock.

      The only constant is change.

  12. On January 13, 2018 at 6:22 am,
    Wolfster says:

    With regards to royalties streamers I have been looking into Metalla.They have even started paying a dividend and hope to eventually introduce a DRIP as well
    http://www.metallaroyalty.com/wp-content/uploads/2018/01/Metalla-January-2017.pdf

    • On January 13, 2018 at 12:08 pm,
      Excelsior says:

      I’ve considered Metalla but can’t stop adding to Maverix Metals. I was in Marlin Gold pretty heavy, which had a very nice 2017, but when the spun off Sailfish Royalty separately, I felt it was a bit over-valued compared to others. EMX Royalty is still way undervalued, so I’ve been adding there too, but I can’t get past how impressive the royalties are on Maverix for the time being.

      They are partnered with Evolution Mining, Pan American Silver, Endeavour Mining, RNC Minerals, Ramelius Resources, Rye Patch Gold, Fortuna Silver, Coeur Mining, Atlantic Gold, Goldquest Mining, Yamana Gold, Barrick Gold, Panoramic Resources, Minotaur Exploration, Auryn Resources, Independence Group, Aura Silver and a few others….

      ____________________________________________________________

      (MMX) Maverix Metals – Corporate Presentation:

      http://maverixmetals.com/investors/presentations/

  13. On January 13, 2018 at 6:24 am,
    Ozibatla says:

    Yes a good tactic Ex. I feel similar. Diversification is key. Small exposure in PMs is not a bad thing in this manic world.

    • On January 13, 2018 at 11:57 am,
      Excelsior says:

      +1

  14. On January 13, 2018 at 7:21 am,
    Ebolan says:

    RE Segment 8 Trump’s 1st Year and Media Coverage

    The lamestream media absolutely hates Trump and will always put him in the worst light possible.

    The media will do this to anyone who does not believe in the Soros New World Odor slavish state agenda to among other things flood this country with third world immigrants and destroy western culture. The lamestream media is doing everything they can to force this down our throats. That is why it is so entertaining to see Trump slam these b@stards on Twitter and everywhere else.

  15. On January 13, 2018 at 7:39 am,
    CFS says:

    Sections 7 & 8:
    In the previous sections I was slightly surprised, Big Al, at the level of naivety displayed with regard to data collection. One should assume that everything you type, say or do is monitored.
    Our best hope is that so much data is collected that the collectors are swamped by excess data and do not manage to analyse all of it well. (Unfortunately they are getting better.)
    With regard to the Epoch Times: How much does it concern you that it was founded by Chinese? I have no indication of misinformation being delivered by the newspaper; I am merely always suspicious.
    It is not what you know you don’t know that is the problem; It is what you don’t know that you don’t know.
    I listen/watch RT, but I am ever mindful of its Russian origin. With the Epoch Times there is no such overt connection, so should I be worried?

    • On January 13, 2018 at 12:38 pm,
      Big Al says:

      The Epoch Times is in direct contrast to the Chinese Communist Government and that is why the paper is outlawed in Mainland China.

      • On January 13, 2018 at 1:32 pm,
        CFS says:

        There is no Chinese “Communist” government any more; as opposed to a collection of oligarchs who maintain power by force.

        • On January 13, 2018 at 2:55 pm,
          Big Al says:

          The point being that The Epoch Times is outlawed in Mainland China.

    • On January 13, 2018 at 3:30 pm,
      Big Al says:

      CFS, how many times have I told the story about the former federal prosecuting attorney in Washington telling me in a conversation that I am definitely on “a list”. Yes, my friend, I am very aware about what you are talking about.

  16. On January 13, 2018 at 7:51 am,
    OOTB Jerry says:
    • On January 13, 2018 at 8:47 am,
      Ebolan says:

      My guess is that this stage of the cycle continues and if the criminals in DC pass a “stimulus” bill it will last even longer. So markets prolly head higher the rest of the year.

      However, all this just makes the crash that much worse for this crack fueled Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse monster our rulers have created.

      • On January 13, 2018 at 10:25 am,
        OOTB Jerry says:

        Stimulation by DEBT……….

        • On January 13, 2018 at 10:26 am,
          OOTB Jerry says:
          • On January 13, 2018 at 10:28 am,
            OOTB Jerry says:

            Sheeple will never figure it out……………until they are on the street…..and the Fed owns everything…….

          • On January 13, 2018 at 12:04 pm,
            Big Al says:

            You kind of have to realize, Jerry, that it is not advantageous to the Fed for it to own everything.

          • On January 13, 2018 at 10:29 am,
            Ebolan says:
          • On January 13, 2018 at 12:03 pm,
            Big Al says:

            I agree with what Durden is saying, but I wish that he would put it a bit more politely.

          • On January 13, 2018 at 10:31 am,
            OOTB Jerry says:

            Ebo…….isn’t that the TRUTH……….a big DITTO on that one………..

          • On January 13, 2018 at 12:12 pm,
            OOTB Jerry says:

            Owl……..in stead of “Fed”….put the word Central Banks, and the House of Red./Rothchild…. 🙂

      • On January 13, 2018 at 12:33 pm,
        Big Al says:

        I am not sure that a stimulus bill is a bad idea, Eddy. Convince me that I am wrong.

        • On January 13, 2018 at 12:57 pm,
          Ebolan says:

          Aren’t we stimulated enough, Mr. Big Al?

          Maybe to the point of agitation???

          Who’s gonna pay for the one trillion dollars the politicians are now throwing around? You? Your kids? Your grandkids?

          And mind you, the feral gooberment already has over $20 trillion in debt and adding to it at nearly a trillion a year AND it has hundreds of trillions of unfunded liabilities…

          When and where does the debt insanity end, Mr. Big Al Korelin….why do you want to enable this insanity further?

          And can’t you see this $1 trillion will be a feeding trough for every special interest pig? Crony crapitalism at its worst…

          • On January 13, 2018 at 3:09 pm,
            Big Al says:

            Eddy,

            I assume that you are referring to my comment earlier about infrastructure spending. I personally believe that spending on the infrastructure in this day and age is a good idea.

          • On January 13, 2018 at 3:29 pm,
            Ebolan says:

            So why does it have to be dictated by the District of Criminals? Why not let states or even localities deal with it? How does some bureaucrat in the District of Criminals (or working for some Feral Gooberment agency) know what’s best for your state? Do you think a politician from West Virginia is going to make fixing a bridge in your state a priority or will said politician do all he/she can to bring home the pork for his/her district, no matter that the money may be needed for other things somewhere else?

          • On January 13, 2018 at 3:30 pm,
            Ebolan says:

            Also, how does the 1 trillion get paid for when the feral gooberment is already drowning in debt?

  17. On January 13, 2018 at 7:56 am,
    Ebolan says:

    Sh*t Hole Politicians Importing Sh*t Hole Thugs from Sh*t Hole Countries

    They want to destroy western culture and YOU should be furious…

    How Europe Built Its Own Funeral Pyre, Then Leapt In
    Mass immigration, guilt and a continent on the brink of ‘societal catastrophe.’

    The defining issue of our day is mass immigration into the nations of Western heritage. This growing inflow threatens to remake those nations and overwhelm their cultural identity. This is the issue that played the largest role in getting Donald Trump elected. It drove Britain’s Brexit vote. It is roiling the European continent, mounting tensions inside the EU and driving a wedge between the elites of those nations and their general populations.

    Indeed, the central battlefront in the immigration wars is Europe, which accepted a trickle of immigrants in the immediate postwar era due to labor shortages. But over the years the trickle became a stream, then a growing river, and finally a torrent—to the extent that ethnic Britons are now a minority in their own capital city, refugee flows into Germany went from 48,589 in 2010 to 1.5 million in 2015, and Italy, a key entry point, received at one point an average of 6,500 new arrivals a day.

    http://www.theamericanconservative.com/articles/how-europe-built-its-own-funeral-pyre-then-leapt-in/

    • On January 13, 2018 at 8:03 am,
      Ebolan says:

      Just ask yourself why your rulers not only allow, but encourage the importation of millions of poor third world immigrants for YOU to support. Ask yourself why your rulers allow tens of thousands of MS 13 and the most vicious Mexican gang members to come into this country…food for thought…don’t choke on it…

      • On January 13, 2018 at 12:35 pm,
        Big Al says:

        Eddy, at this point all I can say is that I think that the “open border” concept got away from them. I really believe that by the way.

  18. On January 13, 2018 at 8:06 am,
    Ebolan says:

    From 1965 to 2015, more than 16 million Mexicans migrated to the U.S. in one of the largest mass migrations in modern history. Why did this happen? Why must this country accept any more immigrants at all? Especially when the vast majority of immigrants our rulers want to import can’t even support themselves? Ask yourself why all this is happening?

    • On January 13, 2018 at 12:20 pm,
      Big Al says:

      Eddy, people have various answers to this question. I personally think that it is simply part of a plan to dramatically increase the left’s voting segment. No more complicated than that.

  19. On January 13, 2018 at 8:08 am,
    Ebolan says:
  20. On January 13, 2018 at 8:09 am,
    Silverdollar says:

    Appreciated Jesse’s comments on cryptos. Most level-headed explanation I’ve heard yet. Thank you Cory for picking the subject. Personally, I’ll discard any thought of putting any funds into crypto anything.
    Now, do you want another subject to explore Cory? Try and get Jesse to visit with you on Marijuana which has more lasting power than cryptos. IMO. Thanks for the show.

    • On January 13, 2018 at 8:15 am,
      Ebolan says:

      See this. Link to Towsend article. Not sure what Jimmy Song thinks of it.

  21. On January 13, 2018 at 8:11 am,
    Whit says:

    Oh ya. My wife and I were talking bout the relation of criptos, and pm. I couldnt agree with Jesse anymore. Its good to know that my resource mind, leads my callus hands. Thanks Cory for that interview, also it’s a good feeling to have everybody at the KER in my front pocket!!

    • On January 13, 2018 at 12:17 pm,
      Big Al says:

      Cory is doing a great job Whit. By the way, nice to have your comments back!

  22. On January 13, 2018 at 9:35 am,
    Ebolan says:

    Tax slaves and Demonocracy…

    https://www.youtube.com/watch?v=aM-Mmxm0OEQ

  23. On January 13, 2018 at 10:11 am,
    OOTB Jerry says:
    • On January 13, 2018 at 10:12 am,
      OOTB Jerry says:

      Attorney General Jeff Sessions originally tried to claim that there was no connection between Uranium One and the nuclear transport bribery case, however several congressional republicans pushed back:

      “Attorney General Sessions seemed to say that the bribery, racketeering and money laundering offenses involving Tenex’s Vadim Mikerin occurred after the approval of the Uranium One deal by the Obama administration. But we know that the FBI’s confidential informant was actively compiling incriminating evidence as far back as 2009,” Rep. Ron DeSantis, (R-Fla.) told The Hill.

      “It is hard to fathom how such a transaction could have been approved without the existence of the underlying corruption being disclosed. I hope AG Sessions gets briefed about the CI and gives the Uranium One case the scrutiny it deserves,” added DeSantis, whose House Oversight and Government Reform subcommittees is one of the investigating panels.

      • On January 13, 2018 at 10:17 am,
        OOTB Jerry says:

        Sessions better come up with something bigger, or he needs to exit, or be charged himself for covering up……jmo

        • On January 13, 2018 at 11:10 am,
          Ebolan says:

          He’s JASC (Just Another Swamp Creature). Been a gooberment employee all his adult life.

          I am sure he has been compromised long ago and has plenty of skeletons in his closet.

          Prosecuting politicians and gooberment employees for crimes in the District of Criminals would be like handing out speeding tickets at the Indy 500 which is why it doesn’t happen.

          • On January 13, 2018 at 11:22 am,
            OOTB Jerry says:

            I was giving him benefit of the doubt, ……but,……I am beginning to believe he is a REAL SC…..

          • On January 13, 2018 at 12:30 pm,
            Big Al says:

            You make a good point about his career path Eddy!

  24. On January 13, 2018 at 10:21 am,
    OOTB Jerry says:

    Biggest Con Job in History……..Central Banks…..
    https://www.zerohedge.com/news/2018-01-13/drowning-money-river

    • On January 13, 2018 at 10:22 am,
      OOTB Jerry says:

      The money river is the huge tsunami of investment capital sloshing around the globe, birthed by the historically-unprecedented money printing conducted by the world’s central banks over the past decade. Since 2008, they’ve more than tripled their collective balance sheet:

      • On January 13, 2018 at 10:23 am,
        OOTB Jerry says:

        They are calling the central banks having Asset/(Money Printing)……..lol

      • On January 13, 2018 at 11:11 am,
        Ebolan says:

        It will have a very sad ending and I bet your great-great grand kids will still be dealing with the fall out.

        • On January 13, 2018 at 11:24 am,
          OOTB Jerry says:

          I think we should render unto Caesar , what is Caesar’s……..ALL THE DEBT……

          • On January 13, 2018 at 11:54 am,
            Big Al says:

            I really like that Jerry. YOu are one bright guy!

          • On January 13, 2018 at 12:35 pm,
            Ebolan says:

            The rulers expect us and our kids and grandkids to be their tax surfs in their New World Odor Plantation Casino.

  25. On January 13, 2018 at 10:23 am,
    Dennis M. O'Neil says:

    Litcoin, Etehereum are interesting block chain considerations.
    Watching the ratios compress between these two and Bitcoin has been akin to watching the Gold/Silver ration compress in fall 2010 to mid spring 2011.
    Be nimble with the blockchain.
    Beware of unstacking, instead continue to add to metal provisions with block chain profits.
    Keep a close eye on hashgraph technology. It may be very disruptive to the sector.

    The First Majestic/Primero/Wheaton PM deal reminded me a lot of the Mount Milligan Royal Gold restructuring. Very interesting. Win-Win-Win all around.

    Former Silver Wheaton unstacks a sizable Ag stream to Silver/Mexico centric First Majestic. $ of Au stream is high and inflation adjusted. Good thing Silver Wheaton changed its name.

    • On January 13, 2018 at 12:11 pm,
      Big Al says:

      Nice to have you back ESQ!

      • On January 13, 2018 at 3:11 pm,
        Dennis M. O'Neil says:

        One must protect themselves from being distracted away from good things.
        This forum is a good thing.
        I have been distracted.

        • On January 13, 2018 at 3:15 pm,
          Big Al says:

          My thoughts exactly, ESQ. I appreciate you saying that this forum is a good thing as I certainly think it is.

    • On January 13, 2018 at 12:27 pm,
      CFS says:

      Hashgraph is being developed, but cryptos are developing at a similar or faster rate.

      As cryptos change to proof of stake and morph into hashgraph, I’m not sure many will notice the change from blockchain.

      • On January 13, 2018 at 1:14 pm,
        Dennis M. O'Neil says:

        CFS…..FYI: https://www.youtube.com/watch?v=pOc23lJw7ls

        Sorry about the typos in my initial post.
        I was dipping donuts in my coffee as I typed.

        • On January 13, 2018 at 3:04 pm,
          Big Al says:

          I just read and re-read an informative article about block chain and hashtag. The author claims that both systems are in the very beginning stages and are analogous to the Wright Flyer and have not yet even come close to resembling a practical airplane.

    • On January 13, 2018 at 2:16 pm,
      irishtony says:

      Hello Dennis…Nice to hear from you.
      I agree with you……Beware of unstaking.

      • On January 13, 2018 at 4:54 pm,
        Dennis M. O'Neil says:

        I remember you!
        You funny!

  26. On January 13, 2018 at 11:50 am,
    CFS says:

    Don’t you realize Caesar is us?
    All assets and debts of the Government are owned and paid for by the people.
    Sure some swamp creatures are temporarily in charge and manage to syphon assets for themselves, but the people put them where they are. The people will remove them eventually, peacefully or not.

    • On January 13, 2018 at 11:53 am,
      Big Al says:

      That, my friend, is a n interesting way to look at it. Aren’t semantics interesting!

    • On January 13, 2018 at 12:00 pm,
      OOTB Jerry says:

      I do not see any of my pictures on any currency……… 🙂

      • On January 13, 2018 at 12:02 pm,
        OOTB Jerry says:

        Sometimes , I wonder what people study

        • On January 13, 2018 at 12:08 pm,
          Big Al says:

          People study whatever validates their personal opinion, OOTB.

          • On January 13, 2018 at 12:13 pm,
            OOTB Jerry says:

            Good one OWL…….. 🙂

      • On January 13, 2018 at 12:03 pm,
        CFS says:

        And who is pictured on Bitcoin?

      • On January 13, 2018 at 1:11 pm,
        OOTB Jerry says:

        Was the 16th Amendment ever ratified………..

        • On January 13, 2018 at 1:19 pm,
          Dennis M. O'Neil says:
          • On January 13, 2018 at 2:58 pm,
            Big Al says:

            Can you explain that in simple terms?

        • On January 13, 2018 at 3:22 pm,
          Big Al says:

          Ratified on Feb. 3, 1915

          • On January 13, 2018 at 3:26 pm,
            OOTB Jerry says:

            Supreme Court Decisions Concerning the 16th Amendment, Sovereignty, and Corporations
            by lstuler
            United States Supreme Court’s decisions, the United States Code (the statutes of law enacted by Congress), the Code of Federal Regulations (the implementing regulations for the statutes in the United States Code and which government agency is responsible), and actual Acts of Congress have been relied upon for the information within this Blog.

            The Declaration of Independence is the organic law of the land. This was so stated in the first volume of the United States Code years ago. Open the first volume of the United States Code (USC) and it lists the organic laws of the land in chronological order as follows: The Declaration of Independence, The Articles of Confederation, The Northwest Ordinance, The Constitution, The Amendments to the Constitution, and finally the actual statutes of the USC starting with Title 1 USC. The latest version of the USC has modified the language to state that the Declaration of Independence, The Articles of Confederation, and the Northwest Ordinance are documents that are “antecedent” to the Constitution. Regardless of the description, all of these documents have to be included in the first volume of the USC as they are the basis of law in America. You will need to go to the nearest law library to see the first several volumes of the USC as the official government printing office (http://www.gpo.gov/fdsys/) starts with Title 1 USC.

            The Declaration of Independence established a new country free from Great Britain’s jurisdiction. The main tenet of the Declaration of Independence is that “all men are created equal”. This main tenet means that sovereignty lies with the individual, not with the government – the government is simply made up of other sovereign Americans. (It did require many, many years to abolish slavery and grant suffrage to women, but at the time of 1776 only men of property were considered.) This tenet cannot ever be overridden by any subsequent document, including the Constitution and its Amendments. Such a scenario of individual sovereignty had never before existed as citizens of all other countries are subservient to the government, be it a monarchy, dictatorship, or some type of Socialist or totalitarian structure (Communism, Nazism, Fascism, Democracy, or other name). Yes, Democracy is such a structure – it is simply a system of government based upon majority rule and that has no applicability to sovereign Americans. America has a democratic voting process, but America was established as a Republic based upon the Declaration of Independence’s tenet that “all men are created equal”. This has been stated as such by the Supreme Court:

            “When our forefathers threw off their allegiance to Great Britain and established a republican government, assuredly they deemed that the nation which they called into being was endowed with those general powers to acquire territory which all independent governments in virtue of their sovereignty enjoyed. This is demonstrated by the concluding paragraph of the Declaration of Independence, which reads as follows:

            ‘As free and independent states, they [the United States of America] have full power to levy war, conclude peace, contract alliances, establish commerce, and to do all other acts and things which independent states may of right do.’…” Downes v. Bidwell, 182 US 244 (1901).

            The above Supreme Court decision (Downes v. Bidwell) will be cited further along as a very important decision, but as you see the Declaration of Independence is relied upon as the basis of law in America by the Supreme Court.

            U.S. SUPREME COURT DECISIONS CONCERNING SOVEREIGNTY

            Since “all men are created equal”, sovereignty lies with the individual – we Americans are individual sovereigns. Sovereignty means that the individual is free from all external control.

            The Supreme Court has upheld the sovereignty of the individual in several decisions as follows:

            “Under our system the people, who are there called subjects, are the sovereign. Their rights, whether collective or individual, are not bound to give way to a sentiment of loyalty to the person of the monarch. The citizen here knows no person, however near to those in power, or however powerful himself, to whom he need yield the rights which the law secures to him when it is well administered. When he, in one of the courts of competent jurisdiction, has established his right to property, there is no reason why deference to any person, natural or artificial, not even the United States, should prevent him from using the means which the law gives him for the protection and enforcement of that right.” United States v. Lee, 106 U.S. 196 (1882).

            Note concerning the above Supreme Court decision (United States v. Lee): the court was referring to Great Britain where it states “who are there called subjects”.

            “But be that as it may, there is no such thing as a power of inherent sovereignty in the government of the United States. It is a government of delegated powers, supreme within its prescribed sphere, but powerless outside of it. In this country, sovereignty resides in the people, and congress can exercise no power which they have not, by their constitution, intrusted to it; all else is withheld.” Julliard v. Greenman, 110 U.S. 421 (1884).

            Note concerning the above Supreme Court decision (Juliard v. Greenman): the federal government is supreme within its prescribed spheres of commerce – foreign commerce, interstate commerce, and trade with the Indians (Article I, Section 8, Clause 3 of the Constitution).

            “Conceding that the witness was an officer of the corporation under investigation, and that he was entitled to assert the rights of corporation with respect to the production of its books and papers, we are of the opinion that there is a clear distinction in this particular between an individual and a corporation, and that the latter has no right to refuse to submit its books and papers for an examination at the suit of the state. The individual may stand upon his constitutional rights as a citizen. He is entitled to carry on his private business in his own way. His power to contract is unlimited. He owes no duty to the state or to his neighbors to divulge his business, or to open his doors to an investigation, so far as it may tend to criminate him. He owes no such duty to the state, since he receives nothing therefrom, beyond the protection of his life and property. His rights are such as existed by the law of the land long antecedent to the organization of the state, and can only be taken from him by due process of law, and in accordance with the Constitution. Among his rights are a refusal to incriminate himself, and the immunity of himself and his property from arrest or seizure except under a warrant of the law. He owes nothing to the public so long as he does not trespass upon their rights.” Hale v. Henkle, 201 U.S. 43 (1906).

            So the Declaration of Independence established America, a country wherein the individual is the source of power – the individual is not subject to regulation by the federal government as held in the above noted Supreme Court decisions due to the sovereignty of the individual.

            U.S. SUPREME COURT DECISIONS ON THE 16TH AMENDMENT

            All of the above Supreme Court decisions concerning sovereignty were adjudicated before the ratification of the 16th Amendment (February 3, 1913). The following Supreme Court decisions all concern the 16th Amendment:

            “Indeed, from another point of view, the Amendment demonstrates that no such purpose was intended, and on the contrary shows that it was drawn with the object of maintaining the limitations of the Constitution and harmonizing their operation.” Brushaber v. Union Pacific R.R. Co., 240 U.S. 1 (1916).

            Note concerning the above Supreme Court decision (Brushaber v. Union Pacific R.R. Co.): the court was pontificating on the difference between indirect taxation and direct taxation and that the Constitution limited the federal government to these types of taxes – but the court finally stated that the object was to maintain the limitations of the Constitution and that the income tax was an indirect tax.

            “But, aside from the obvious error of the proposition, intrinsically considered, it manifestly disregards the fact that by the previous ruling it was settled that the provisions of the 16th Amendment conferred no new power of taxation…” Stanton v. Baltic Mining, 240 U.S. 103 (1916).

            Note concerning the above Supreme Court decision (Stanton v. Baltic Mining): where the court referenced “the previous ruling” it was pointing to the Brushaber v. Union Pacific R.R. Co. which was adjudicated immediately before the Stanton v. Baltic Mining decision. The important thing to grasp here is that no new power of taxation was granted to the federal government by the 16th Amendment.

            “The Sixteenth Amendment, although referred to in argument, has no real bearing and may be put out of view. As pointed out in recent decisions, it does not extend the taxing power to new or excepted subjects, but merely removes all occasion, which otherwise might exist, for an apportionment among the states of taxes laid on income, whether it be derived from one source or another. Brushaber v. Union Pacific R.R. Co., 240 U.S. 1; Stanton v. Baltic Mining, 240 U.S. 103.” William E. Peck and Co., Inc. v. Lowe, 247 U.S. 165 (1918).

            Note concerning the above Supreme Court decision (William E. Peck and Co., Inc. v. Lowe): the court states directly that the 16th Amendment did not extend the taxing power to new or excepted subjects.

            “The Sixteenth Amendment must be construed in connection with the taxing clauses of the original Constitution and the effect attributed to them before the amendment was adopted.” Eisner v. Macomber, 252 U.S. 189 (1920).

            Note concerning the above Supreme Court decision (Eisner v. Macomber): here the court states directly that the effect attributed to the taxing clauses are the same as before the ratification of the 16th Amendment.

            So, the Supreme Court has ruled that the 16th Amendment conferred no new taxing power to the federal government, nor did it extend the taxing power to new or excepted subjects – Brushaber v. Union Pacific R.R. Co., 240 U.S. 1; Stanton v. Baltic Mining, 240 U.S. 103; William E. Peck and Co., Inc. v. Lowe, 247 U.S. 165. The Supreme Court ruled that the 16th Amendment must be construed with the original taxing clauses of the Constitution and the effect attributed to them before the amendment was adopted – Eisner v. Macomber, 252 U.S. 189.

            An income tax is, by simple definition, a tax on a commercial activity. The only commercial jurisdiction that the federal government has been granted by the Constitution is foreign commerce, interstate commerce, and trade with the Indians – Article I, Section 8, Clause 3 states: “To regulate Commerce with foreign Nations, and among the several States, and with the Indian tribes”. A sovereign American is not subject to the federal government’s commercial jurisdiction.

            Note: the federal government can tax all Americans under a direct tax, but such a tax is based upon each State’s population. The census is used to determine the population of each State and then the federal government must determine its exact taxing revenue requirements (the population is also used to determine the number of representatives that each State may have in Congress, so a State is discouraged from inflating its population to get more delegates because a direct tax would then be based upon the inflated number). A direct tax is then sent to each State – an individual’s income has nothing to do with it. But as ruled in Brushaber v. Union Pacific R.R. Co. the income tax is an indirect tax.

            By considering all of the above Supreme Court rulings, something doesn’t add up:

            According to the Supreme Court, an individual American is sovereign and according to the Supreme Court, the 16th Amendment did not grant the federal government any new taxing power. Since the Declaration of Independence states that “all men are created equal”, a sovereign American cannot possibly be subject to a tax on income, as such a tax is on a commercial activity.

            So, the only way to solve this conundrum is to think through carefully what the Supreme Court has stated in its decisions. Of course, the federal government likes to cite Brushaber v. Union Pacific R.R. Co. in order to say that the 16th Amendment and the income tax are constitutional (and the media has parroted this over and over again without questioning the government’s pronouncements). Well, that may be, but just because the Supreme Court decided that the 16th Amendment and the income tax are constitutional, that doesn’t mean that it applies to sovereign Americans. And that leads to the only logical conclusion – that the income tax is within one of the commercial jurisdictions granted to the federal government by the Constitution. This would keep all of the above Supreme Court decisions in harmony – that the 16th Amendment didn’t confer any new taxing power to the federal government and that the individual American is sovereign, not under the federal government’s limited jurisdiction.

            Well, by digging into the specifics of the Supreme Court’s decision in Brushaber v. Union Pacific R.R. Co. it is discovered that Mr. Frank Brushaber was a withholding agent for foreign investors in the Union Pacific Railroad Company. There are two considerations here that are important – (1) that Mr. Brushaber was involved in federal revenue as a withholding agent and (2) that foreign investors were involved. Both of such issues would be within the federal government’s jurisdiction – obviously, the Supreme Court was aware of all of this.

            It is necessary to read more Supreme Court decisions in order to decipher just how the federal government is now proceeding to tax all Americans’ income. After all, the second plank of the Communist Manifesto is the income tax – a Communist government has total control and jurisdiction over its subjects.

            U.S. SUPREME COURT DECISIONS CONCERNING CORPORATIONS

            There has been a lot of wailing and moaning concerning the Supreme Court’s holding in Citizens’ United v. F.E.C., 558 U.S. 310 (2010) that a corporation is a “person” under the law. Actually, this decision held that corporations are entitled to make political contributions under the First Amendment. This decision relied upon earlier Supreme Court decisions.

            The following is from the headnote to the Supreme Court decision that follows:

            “One of the points made and discussed at length in the brief of counsel for defendants in error was that “Corporations are persons within the meaning of the Fourteenth Amendment to the Constitution of the United States.” Before argument MR. CHIEF JUSTICE WAITE said: The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of opinion that it does.” Santa Clara County v. Southern Pacific Railroad, 118 U.S. 394 (1886).

            “Under the designation of ‘person’ there is no doubt that a private corporation is included [in the Fourteenth Amendment]. Such corporations are merely associations of individuals united for a special purpose, and permitted to do business under a particular name, and have a succession of members without dissolution.” Pembina Consolidated Silver Mining Co. v. Pennsylvania, 125 U.S. 181 (1888).

            Note concerning the above Supreme Court decisions (Santa Clara County v. Southern Pacific Railroad and Pembina Consolidated Silver Mining Co. v. Pennsylvania): these decisions state that corporations are persons for the purposes of the 14th Amendment.

            The following is the next paragraph from the U.S. Supreme Court decision that was cited above in the section “U.S. Supreme Court Decisions Concerning Sovereignty” (Hale v. Henkle, 201 U.S. 43):

            “Upon the other hand, the corporation is a creature of the state. It is presumed to be incorporated for the benefit of the public. It receives certain special privileges and franchises, and holds them subject to the laws of the state and the limitations of its charter. Its powers are limited by law. It can make no contract not authorized by its charter. Its rights to act as a corporation are only preserved to it so long as it obeys the laws of its creation. There is a reserved right in the legislature to investigate its contracts and find out whether it has exceeded its powers. It would be a strange anomaly to hold that a state, having chartered a corporation to make use of certain franchises, could not, in the exercise of its sovereignty, inquire how these franchises had been employed, and whether they had been abused, and demand the production of the corporate books and papers for that purpose. The defense amounts to this: That an officer of a corporation which is charged with a criminal violation of the statute, may plead the criminality of such corporation as a refusal to produce its books. To state this proposition is to answer it. While an individual may lawfully refuse to answer incriminating questions unless protected by an immunity statute, it does not follow that a corporation, vested with special privileges and franchises, may refuse to show its hand when charged with an abuse of such privileges.” Hale v. Henkle, 201 U.S. 43 (1906).

            As stated above the corporation is a creature of the state (government) and subject to the government under its sovereignty. But, as evidenced above, the government’s sovereignty is limited by the Constitution. To have the Supreme Court rule that a corporation is a “person” and allowed to make political contributions on par with a real person makes no logical sense since the government itself was created by “We the People” through the adoption of the Constitution by the States. In other words, the people created the federal government and the federal government created the corporations. How can a creature of the government, the corporation, be on an equal basis under the law with the people who created the government in the first place?

            The key is found above by the Supreme Court’s reference to the 14th Amendment in its decisions of Santa Clara County v. Southern Pacific Railroad and Pembina Consolidated Silver Mining Co. v. Pennsylvania. In both of those decisions the Supreme Court stated that corporations are “persons” for the purposes Section 1 of the 14th Amendment.

            THE 14TH AMENDMENT WAS ADOPTED TO DESTROY SOVEREIGNTY

            It is, therefore, incumbent to read Section 1 of the 14th Amendment since the Supreme Court has cited it:

            “Section 1. All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to an person within its jurisdiction the equal protection of the laws.”

            Now as the Supreme Court held in several decisions above (United States v. Lee, Julliard v. Greenman, and Hale v. Henkle) an American is sovereign, not subject to the federal government. Yet the 14th Amendment speaks of a person born in the United States and subject to its jurisdiction. Over the many years since the adoption of the 14th Amendment there have been many, many court cases concerning such a situation, but the government has remained silent and no court decision has been rendered to explain it.

            Since the government’s Internal Revenue Service presumes jurisdiction over everyone simply for the act of earning income, it is now necessary to inquire into its law.

            The very first income tax regulation states the following (CFR = Code of Federal Regulations and the symbol “§” means “section”):

            26 CFR §1.1-1 Income Tax on Individuals.

            “(c) Who is a citizen. Every person born or naturalized in the United States and subject to its jurisdiction is a citizen. For other rules governing the acquisition of citizenship, see chapters 1 and 2 of title III of the Immigration and Nationality Act (8 U.S.C. 1401–1459)…”.

            There within the very first regulation is the same description of a “citizen” as defined within Section 1 of the 14th Amendment – a person born in the United States and subject to its jurisdiction. It further states that one should see chapters 1 and 2 of title III of the Immigration and Nationality Act (8 USC 1401- 1459). Title 8 USC is “Aliens and Nationality” and has nothing at all to do with an American born in one of the States.

            Further investigation into exactly what this 14th Amendment citizen is leads to the definitions at 26 USC section 2208, which concerns estate taxes, and 26 USC section 2501(b), which concerns gift taxes. Both of these sections define the term “United States citizen” wherever used in this title (title 26, “Internal Revenue Code”). Finally, under the regulations that implement 26 USC section 2501(b) is an example of such a citizen at 26 CFR 25.2501-1(c):

            “Example. A, a citizen of the United States by reason of his birth in the United States at San Francisco, established residence in Puerto Rico and acquired Puerto Rican citizenship. A makes a gift of stock of a Spanish corporation on September 4, 1958, while a citizen and domiciliary of Puerto Rico. A’s gift is, by reason of the provisions of section 2501(b) subject to the tax imposed by section 2501 inasmuch as his United States citizenship is based on birth in the United States and is not based solely on being a citizen of a possession or solely on birth or residence in a possession.”.

            The question is why would anyone born in the one of the States want to give up his or her sovereignty by acquiring Puerto Rican citizenship? The U.S. possessions and territories are under the federal government’s jurisdiction. Article IV, Section 3, Clause 2 of the Constitution grants the federal government complete jurisdiction over the territory and property of the United States. The possessions and territories are also considered foreign as they have not adopted the Constitution to become a State.

            The Supreme Court has held the following concerning Puerto Rico:

            “Puerto Rico, an island possession, like a territory, is an agency of the federal government, having no independent sovereignty comparable to that of a state in virtue of which taxes may be levied.” Domenech v National City Bank of New York, 294 US 199 (1935).

            The seemingly innocuous birth certificate is the federal government’s big secret. The 14th Amendment is speaking of the person in the example cited above at 26 CFR 25.2501-1(c). Since the individual American is sovereign, there is no reason to have a birth certificate issued by the government. By entering a newborn’s name and address on the birth certificate, that newborn is an unsuspecting victim that has created a residence in Puerto Rico and, further, acquired Puerto Rican citizenship. Such a person born in the United States who then established a residence in Puerto Rico and, further, acquired Puerto Rican citizenship would indeed be, as stated in the 14th Amendment, born in the United States and subject to its jurisdiction. This acquisition of Puerto Rican citizenship would also be in harmony with the internal revenue regulation cited above (26 CFR 1.1-1(c)) where it referenced the Immigration and Nationality Act within title 8 USC, “Aliens and Nationality”. The 14th Amendment citizen is legally known as the “U.S. citizen”.

            Now who would have created such a scheme? There is no reason for Congress on its own to create such a duplicitous amendment – all members of Congress are, again, simply other sovereign Americans.

            However, there is no doubt that the Constitution grants the federal government total jurisdiction over foreign commerce and, as well, over its possessions and territories. So the 14th Amendment citizen is doubly under the federal government’s jurisdiction – once as a U.S. possession citizen and once as a foreigner as the possessions are “foreign” to the Constitution as they have not adopted the Constitution to become a State.

            This allows the federal government to proceed under its foreign commerce sovereignty over the 14th Amendment citizen.

            Further examination of the 14th Amendment reveals this:

            “Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned…”.

            There’s the clue to who is behind this duplicitous scheme – the bankers who loan money to the federal government. By making it a constitutional amendment that the validity of the public debt cannot be questioned, the bankers were laying the groundwork to bankrupt the federal government and then, through the use of the 14th Amendment’s birth certificate, devise a taxing scheme on all Americans to pay the interest on their loans to the government.

            THE ACT OF CONGRESS THAT ENACTED THE INCOME TAX

            On the I.R.S. website is the following:

            “Brief History of I.R.S.

            Origin
            The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses.”

            Going back to the original Act of Congress referenced within the “Brief History of I.R.S.” evidences that on July 1, 1862, Congress approved “An Act to provide Internal Revenue to support the Government and to pay Interest on the Public Debt” which created the office of Commissioner of Internal Revenue within the United States Treasury Department. However, the “Brief History of I.R.S.” is intentionally misleading as this Act of Congress did not enact the income tax. This Act of Congress references a previously enacted law wherein the income tax was created.

            This is confirmed by the Supreme Court:

            “Each of the fifteen income tax acts adopted from time to time during that last 67 years has been retroactive, in that it applied to income earned, prior to the passage of the act, during the calendar year.”

            The above cite then references a footnote which follows, in part:

            “The Act of August 5, 1861, c. 45, 12 Stat. 292, 309, applied to all incomes for the calendar year next preceding January 1, 1862. The Act of July 1, 1862, c. 119, 12 Stat. 432, 473, enacted higher rates, applicable to incomes for the year ending December 31, 1862.” Untermyer v. Anderson (1928) 276 US 440.

            The income tax was created by the Act of Congress on August 5, 1861, “An Act to provide increased Revenue from Imports, to pay Interest on the Public Debt, and for other Purposes”. So, the income tax is within an act concerning importing and will be used to pay interest to the bankers. The “Brief History of I.R.S.” didn’t want to show the actual Act of Congress that enacted the income tax as it would evidence that it is within foreign commerce – importing. However, both of the above Acts of Congress state that the intent of the Acts is to provide revenue to pay the interest on the public debt – the interest payments go to the bankers. The I.R.S. was established simply for the bankers to collect their unwarranted interest.

            The regulations in the CFR are broken down into “parts”. Part 2 of the Internal Revenue regulations is titled “Maritime Construction Reserve Fund” and Part 3 is titled “Capital Construction Fund”. Both of these sets of regulations are listed as “statutory provisions”. A “statutory provision” is where the statutes of another title of the USC are used directly as the implementing regulations in the CFR for another title. In this case, title 46 USC, “Shipping”, statutes are used directly as the implementing regulations for title 26 CFR, “Internal Revenue”. Title 46 USC, “Shipping”, obviously concerns commerce, and as granted by the Constitution, the federal government only has jurisdiction over foreign commerce, interstate commerce, and trade with the Indians. This is in harmony with the discovery that the income tax was enacted by an Act of Congress concerning importing (Act of Congress approved on August 5, 1861).

            § 2.1 within Part 2 of the Internal Revenue regulations is titled “Statutory provisions; section 511 and 905, Merchant Marine Act, 1936, and related statutes”. Within section 905 of the Merchant Marine Act of 1936 is the following:

            “(c) The words citizen of the United States include a corporation, partnership, or association only if it is a citizen of the United States within the meaning of section 2 of the Shipping Act, 1916, as amended (U.S.C., title 46, sec. 802), and with respect to a corporation under title VI of this Act, all directors of the corporation are citizens of the United States, and, in the case of a corporation, partnership, or association operating a vessel on the Great Lakes, or on bays, sounds, rivers, harbors, or inland lakes of the United States the amount of interest required to be owned by a citizen of the United States shall be not less than 75 per centum.”

            The Supreme Court’s decisions in Santa Clara County v. Southern Pacific Railroad and Pembina Consolidated Silver Mining Co. v. Pennsylvania above stated that corporations are “persons” for the purposes Section 1 of the 14th Amendment. The Shipping Act of 1916 and the Merchant Marine Act of 1936 have put into the law under title 46 USC, “Shipping”, that a corporation is included as a citizen of the United States. This is within the commerce jurisdiction of the federal government. We now understand that the purpose of the 14th Amendment was to turn a sovereign American into a subject of the federal government under its limited commercial jurisdiction. The Supreme Court has been ruling on corporations as “persons” under the federal government’s foreign commerce clause.

            Since we now know that the internal revenue statutes are implemented by title 46 USC, “Shipping”, and as found above in 26 CFR Part 2.1 a corporation is considered a citizen of the United States, the same must be true in title 26 USC, “Internal Revenue Code”. Here is the section of definitions:

            Ҥ 7701. Definitions

            (a) When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof—

            (1) Person

            The term ‘‘person’’ shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.”

            It is within Part 2 and Part 3 of the Internal Revenue regulations (which are actually the statutes of title 46 USC, “Shipping”) where the income tax scheme is laid out. Within title 46 USC, “Shipping”, are the definitions of legal “terms” that the federal government always uses concerning the income tax. Most important is that of “taxpayer” as found at 26 CFR 2.1-1(a)(5): “Taxpayer means a citizen who has established or seeks to establish, a construction reserve fund under the provisions of section 511 of the [Merchant Marine] Act and the regulations in this part, and may include a partnership.”. And the regulations at 46 CFR part 287 are identical with those under title 26 CFR 2.1-1 wherein the definition of “taxpayer” is found. This again ties back to the original Act of Congress approved on August 5, 1861, that enacted the income tax. It is reasonable that the term “taxpayer” is from title 46 USC, “Shipping”, since the income tax was enacted within an Act of Congress concerning importing.

            26 CFR 2.1-1(b) then states: (b) Insofar as the computation and collection of taxes are concerned, other terms used in the regulations in this part, except as otherwise provided, have the same meaning as in the Internal Revenue Code and the regulations thereunder.

            § 3.0 within Part 3 of the Internal Revenue regulations is titled “Statutory provisions; section 607, Merchant Marine Act, 1936, as amended”. Within section 607 of the Merchant Marine Act of 1936 is the following:

            “(e) Establishment of Accounts.

            For purposes of this section—

            (1) Within the fund established pursuant to this section three accounts shall be maintained:

            (A) The capital account,

            (B) The capital gain account, and

            (C) The ordinary income account.”

            You have probably heard of these “terms” used by the I.R.S. These “terms” are further defined within Part 3 of the Internal Revenue regulations (which are statutes from title 46 USC, “Shipping”) at 26 CFR 3.4, “Establishment of Accounts”. Don’t expect your accountant or the employees of the I.R.S. to know this. These accounts are also defined in the statutes at 26 USC section 7518, “Tax incentives relating to merchant marine capital construction funds.”

            U.S. SUPREME COURT DECISION CONCERNING PUERTO RICO

            The acquisition of Puerto Rico (originally spelled Porto Rico) from Spain led to the following Supreme Court decision (Downes v. Bidwell – this is the same decision first cited above concerning the Declaration of Independence):

            “The result of what has been said is that while in an international sense Porto Rico was not a foreign country, since it was subject to the sovereignty of and was owned by the United States, it was foreign to the United States in a domestic sense, because the island had not been incorporated into the United States, but was merely appurtenant thereto as a possession. As a necessary consequence, the impost in question assessed on coming from Porto Rico into the United States after the cession was within the power of Congress, and that body was not, moreover, as to such impost, controlled by the clause requiring that imposts should be uniform throughout the United States; in other words, the provision of the Constitution just referred to was not applicable to Congress in legislating for Porto Rico…”

            “This must be the result, since, as already said, it seems to me it is not open to serious dispute that the military arm of the government of the United States may hold and occupy conquered territory without incorporation for such length of time as may seem appropriate to Congress in the exercise of its discretion. The denial of the right of the civil power to do so would not, therefore, prevent the holding of territory by the United States if it was deemed best by the political department of the government, but would simply necessitate that it should be exercised by the military instead of by the civil power.” Downes v. Bidwell, 182 US 244 (1901).

            So the Supreme Court has ruled, based upon the treaty with Spain that ceded Puerto Rico to the United States, that Puerto Rico is to be considered under the military arm of the United States. The last paragraph of Article IX of the treaty follows:

            “The civil rights and political status of the native inhabitants of the territories hereby ceded to the United States shall be determined by the Congress.”

            Without an Act of Congress to incorporate Puerto Rico into the United States, the revenue laws within Puerto Rico are to be administered by the military arm of the United States. This explains the gold-fringed flag – it represents the military arm of the United States (my previous research had concluded that the gold-fringed flag represented foreign commerce). So the birth certificate not only destroys an American’s sovereignty, it makes that person subject to the military arm of the federal government!

            THE REAL HISTORY OF THE UNITED STATES

            Great Britain may have lost the American Revolution on the battlefield, but the monarchy had no intention of losing its ability to tax its American colonists. As soon as the ink dried on the Declaration of Independence the monarchy set into motion its bankers’ (the world’s banking headquarters is in London) plan to bankrupt America. This had to be done very slowly so that one generation after the next would slowly be misled and brainwashed into believing that the federal government was somehow in control of Americans where “all men are created equal”.

            The Articles of Confederation were drafted on July 9, 1778, and ratified on March 1, 1781. The Articles of Confederation created a very weak central government that was incapable of supporting itself due to its lack of power to enforce the raising of revenue. The Constitution was drafted on September 17, 1787, in an effort to create a more powerful central government capable of raising its necessary revenue. The Federalist and Anti-Federalist Papers were written to voice the reasons both for and against the ratification of the Constitution. Article VII of the Constitution stated that ratification of the conventions of nine States would be necessary for the establishment of the federal government under the Constitution. The First Congress was convened on March 4, 1789, in New York City and began lawmaking under the Constitution. As the federal government under the Constitution was created by the individual States, the Constitution only grants the federal government jurisdiction over foreign commerce, interstate commerce, and trade with the Indians as so stated in Article I, Section 8, Clause 3: “To regulate commerce with foreign Nations, and among the several States, and with the Indian tribes;”. The individual States are left with jurisdiction over intrastate commerce. Due to the overriding tenet that “all men are created equal”, neither the States’ governments nor the federal government has any commercial jurisdiction over the sovereign individual – that’s the definition of sovereignty. Such a scenario was intolerable to the monarchy of Great Britain.

            Just 2 years after the ratification of the Constitution by the requisite nine States, Alexander Hamilton, obviously one of the bankers, wrote the Act of Congress that enacted a tax on stills and the stills’ distillate, alcohol. This is an unconstitutional tax as it taxes an intrastate activity. Knowing that full well, Hamilton stated that the tax would be collected by the existing revenue agents – the only revenue agents were those in the Customs. There is no such thing as a revenue agent with any jurisdiction over intrastate commerce within the federal government – the Constitution has no such support. This law caused what was known as “The Whiskey Rebellion”. It was called a rebellion in order to cover up the fact that the tax was unconstitutional. George Washington only led the federal militia as far as Bedford, Pennsylvania. Alexander Hamilton, himself, led the federal militia into southwestern Pennsylvania and rode roughshod over anyone who had a still. Where is the legal foundation for Alexander Hamilton, the Secretary of the Treasury, to lead the federal militia? This was the first overt sign that the bankers had no intent to allow individual sovereignty to survive in the long run. As well, where is the authority for the Secretary of Treasury to write an Act of Congress? This was only 2 years into government under the Constitution and “The Whiskey Rebellion” in southwestern Pennsylvania was a frontier. The majority of Americans lived in the big eastern United States cities where no one was really affected by the happenings in the frontier.

            In essence, this was Great Britain’s way of implementing the Stamp Act that caused the Boston Tea Party and eventually the American Revolution. All internal revenue taxes were originally stamp taxes – liquor and tobacco both used stamps.

            By going back to the original law that enacted the income tax above (Act of Congress approved on August 5, 1861), it is stated that the tax is imposed upon the collectors of the (unconstitutional) tax on stills. This was done to prepare to implement the 14th and 16th Amendments in order to punish Americans for protesting against the Stamp Act.

            The Federal Reserve System was established in 1913 contemporarily with the 16th Amendment. The Federal Reserve System is not a government agency, but is a private corporation (of counterfeiters).

            The next step was the Prohibition (based upon the unconstitutional tax on stills and the distillate, alcohol) which was begun one year after the ratification of the 18th Amendment (January 16, 1919), as stated in Section 1 of the Amendment. This was to remain in place while the federal government was bankrupted by the Federal Reserve System’s loaning of counterfeit money until the interest could no longer be paid. Since the income tax only applied to the collectors of the tax on stills and the distillate, alcohol, this was the basis to make the income tax evasion charge against Al Capone – a nationwide audience now thought that the income tax applied to everyone simply for the “crime” of earning a living.

            The Federal Reserve System managed to bankrupt the federal government in 1933, just 20 years after its creation.

            This is when all of the machinations of the bankers since the founding of this country came to fruition. In the mid-1930’s a slew of laws were approved by Congress. This is when Social Security and the Merchant Marine Act of 1936 were created. This is also when the Code of Federal Regulations (CFR) was created. The CFR cites the implementing regulations that support the statutes in the United States Code (USC). It is here that the bankruptcy of the United States is evidenced: Title 11 USC, “Bankruptcy”, is implemented by title 11 CFR, “Federal Elections”. We Americans are now simply electing a bankruptcy “administration” during the federal elections. This is why a corporation was held to be allowed to make political contributions in the Citizens United v. F.E.C. (Federal Election Commission) Supreme Court decision. Corporations have not been elevated to the same status as a sovereign American. The sovereign American was destroyed by the application of the 14th Amendment’s birth certificate and, thus, lowered to the status of the government’s creature – the corporation. Also in 1933 the internal revenue laws (based upon the unconstitutional the tax on stills and the distillate, alcohol) were moved to the Virgin Islands and Puerto Rico (see title 48, “Territories and Insular Possessions”, section 734a for Puerto Rico and section 1402 for the Virgin Islands).

            Now the bankers (international counterfeiters) needed to complete the subjugation of all Americans and make them pay the interest on their counterfeit money loans to the federal government.

            To establish the income tax, Social Security was created. When one applies for a Social Security number on the “Form SS-5”, the applicant is actually signing a federal employment form. The applicant becomes a “taxpayer” which was evidenced above to be defined at 26 CFR 2.1-1(a)(5): “Taxpayer means a citizen who has established or seeks to establish, a construction reserve fund under the provisions of section 511 of the [Merchant Marine] Act and the regulations in this part, and may include a partnership.”.

            The “Form SS-5”, on line 5, asks the applicant to select a box to designate his status: “U.S. Citizen”, “Legal Alien Allowed To Work”, “Legal Alien Not Allowed To Work”, and “Other”. This is another indication that the government is relying on foreign commerce since we now know that the “U.S. citizen” is an American born in one of the States who then acquires Puerto Rican citizenship through the birth certificate. Then there are two categories of aliens. The interesting thing to note is that after the two boxes “Legal Alien Not Allowed To Work” and “Other” it states “See instructions on page 3”. Those instructions on page 3 then state at item number 5 that you must state why you need a Social Security number and, further, that: “NOTE: Most agencies do not require that you have a Social Security number.”. This is certainly true as a sovereign American does not need a Social Security number. But we all have been misled to believe that we are “U.S. citizens”, “taxpayers”, and “U.S. residents”. The legal term “U.S. resident” is the combination of the legal terms “U.S. citizen” and “taxpayer” – a total slave to the federal government (title 26 USC, section 865(g)). The taxes that the I.R.S. is empowered to collect are F.I.C.A. and the self-employment tax – both of these taxes are U.S. possession taxes since, as noted above, the federal government has no jurisdiction over intrastate commerce (see title 26 USC, section 7655). That’s why it was important for the international counterfeiters to establish the birth certificate. The I.R.S. is only empowered to collect the income tax known as F.I.C.A. – a gross income tax not subject to deductions. The income tax with deductions itself is voluntary (which the government has always stated, but not explained) – that’s why the exemplification of a “U.S. citizen” (26 CFR 25.2501-1(c)) is found under the gift tax regulations. The Form 1040 is actually a gift tax form with foreign tax credits. As long as you pay your F.I.C.A. tax, you have honored your contract with the I.R.S. and then the I.R.S. cannot enforce collection over the voluntary income tax, but, of course, no one is supposed to know this. The Patient Protection and Affordable Care Act is simply an update of the F.I.C.A. laws – that’s why the I.R.S. is empowered to collect the new tax.

            Great Britain’s international counterfeiters have never been content with the amount of control that they have over Americans. The birth certificate makes a newborn into a citizen of Puerto Rico, a U.S. possession, which is totally under the federal government’s jurisdiction as so granted by the Constitution in Article IV, Section 3, Clause 2. And, as noted in the Supreme Court decision above (Downes v. Bidwell), Puerto Rico is under the military arm of the federal government. Then the Social Security applicant becomes a federal employee, the “taxpayer”. Think about it – only a federal employee is subject to federal employment taxes. Then the legal term “U.S. resident” is the combination of both terms with the addition of being involved in importing. That makes the “U.S. resident” subject to the foreign commerce clause of the Constitution. There is no one more of a slave than the “U.S. resident”.

            The U.S. Census Bureau’s overly inquisitive questionnaire was sent to “Resident”. Property taxes are addressed to “Resident”. A sovereign American’s property cannot be taxed and taken away by some local government, but a “Resident” has absolutely no rights at all.

            INCOME TAX INDICTMENTS AND THE COURT’S JURISDICTION

            As this Blog concerns Supreme Court decisions, there must be a trail to the underlying jurisdiction within the United States Code (USC) for income tax prosecutions – anything done by any part of the federal government, which includes the courts, must be within its limited jurisdiction.

            The federal courts are granted jurisdiction to adjudicate over specific issues, again as delineated by the Constitution. In title 28 USC, “Judiciary and Judicial Procedure”, chapter 85, “District courts; jurisdiction”, the three commercial jurisdictions granted to the federal government are listed separately: section 1336, “Surface Board Transportation orders”, which was renamed from “Interstate Commerce Commission’s orders” in 1995, is the interstate commerce jurisdiction; section 1362, “Indian tribes”, is obviously the trade with the Indians commerce jurisdiction; and section 1340, “Internal revenue; customs duties”, is the foreign commerce jurisdiction. “Customs duties” is obviously foreign commerce – the customs service collects revenue for the federal government from importing duties of foreign countries. So here it is evidenced by the USC that internal revenue is within foreign commerce. This goes back to the law that enacted the unconstitutional tax on stills and the distillate, alcohol, wherein it was stated that the collectors of the tax would be those already empowered to collect the existing taxes – the customs.

            An indictment for a crime must specifically state all the elements of the crime. Obviously, an I.R.S. indictment cannot state that their victim is a member of the Merchant Marine, a federal employee (“taxpayer”), and a person with Puerto Rican citizenship (“U.S. citizen”) who’s involved with importing (foreign commerce). Anyone that was charged with such a background could easily defend himself. That’s again where the legal term “resident” comes into play – all I.R.S. indictments make it appear that the government has complete control over the victim by simply stating that the victim is a “resident”.

            Then during a federal prosecution for income taxes, an American’s birth certificate is entered into evidence by the U.S. Department of Justice (district attorney, assistant district attorney, federal tax attorney, etc.) even though only the top tax lawyers at the Department of Justice really know the underlying law. This is the connection to the 14th Amendment – the birth certificate makes one born in the United States and subject to its jurisdiction.

            At this point the victim has surreptitiously been put in an indefensible position in front of the federal judge that is holding court under the gold-fringed flag of the military arm of the federal government.

            The Federal Reserve System is simply a bunch of glorified counterfeiters – printing paper money backed by nothing but debt. Remember the 14th Amendment states that the public debt may never be questioned! And the 14th Amendment led to the birth certificate that makes you subject to the federal government which is completely at odds with the Declaration of Independence. The bankers that own the U.S. federal government have absolutely no respect for the tenet that “all men are created equal”, while the media continues to talk about our freedom – we’re all slaves under the military arm of the federal government.

          • On January 13, 2018 at 3:28 pm,
            OOTB Jerry says:

            Sorry……..did not mean to copy that much material……computer gone wild….

          • On January 13, 2018 at 4:37 pm,
            Dennis M. O'Neil says:

            The above lengthy contribution represents there was a legislative Jekyll Island bankster coup de tat just over a century ago.

            Many of the things discussed in this forum did not begin here.
            But they were re-amplified here.

          • On January 14, 2018 at 2:15 pm,
            OOTB Jerry says:

            People should read this document, and then read the STRAWMAN……
            And then the Act of 1871………JMO

    • On January 13, 2018 at 12:30 pm,
      OOTB Jerry says:

      Caesar is not us……Caesar has been hijacked……..

      • On January 13, 2018 at 1:09 pm,
        Markedtofuture says:

        Vegas Gunman Sent Cryptic Email Suggesting He May Have Had Help

        The gunman who opened fire on a Las Vegas music festival from the Mandalay Bay Hotel and Casino was an arms dealer, and his girlfriend handled his ammo and helped him load magazines, according to search warrants unsealed by a judge on Friday.

        https://www.zerohedge.com/news/2018-01-13/vegas-gunman-sent-cryptic-email-about-bumpfire-ars-100-round-magazine-massacre

      • On January 13, 2018 at 1:14 pm,
        CFS says:

        You don’t know the half of it….

        Did you know, for example, my ex-students who are insiders in the Bank of England, tell me that it is highly probable that the US treasury will buy long-term treasuries as well as shares in the market place so they can totally control the interest rate curve.
        The BoE has been watching Switzerland.
        Did you know, last year, by printing money for free and investing in the world stock markets, the Bank of Switzerland actually made more money than Apple?
        It is theorized that the Bank of England can totally control the LSE, while profiting from investments primarily in the U.S.

        • On January 13, 2018 at 1:16 pm,
          CFS says:

          My comment above refers to OOTB’s “Caesar has been hijacked”

          • On January 13, 2018 at 1:43 pm,
            OOTB Jerry says:

            One only has to go and look up the TAX rate, back in 1864….to see that Caesar is OUT OF CONTROL

        • On January 13, 2018 at 1:19 pm,
          OOTB Jerry says:

          All the MONEY CHANGERS/Central Banks…..are related….and NOTHING surprises me.
          https://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking26.htm

          • On January 13, 2018 at 1:38 pm,
            OOTB Jerry says:
          • On January 13, 2018 at 1:40 pm,
            OOTB Jerry says:

            The money river is the huge tsunami of investment capital sloshing around the globe, birthed by the historically-unprecedented money printing conducted by the world’s central banks over the past decade. Since 2008, they’ve more than tripled their collective balance sheet:

        • On January 13, 2018 at 3:00 pm,
          Big Al says:

          I don’t have time to verify that and so I will take you word for it.

  27. On January 13, 2018 at 12:11 pm,
    Matthew says:
  28. On January 13, 2018 at 12:22 pm,
    Excelsior says:

    Adrian Day – Gold Mining Stocks Has Anything Changed

    By Collin Kettell – Dec 21, 2017

    http://palisaderadio.com/adrian-day-gold-mining-stocks-has-anything-changed/

  29. On January 13, 2018 at 12:31 pm,
    Matthew says:

    The gold miners (GDM) have taken back the 89 week MA after closing below it for the last 12 weeks:

    http://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=3&mn=6&dy=9&id=p83642746793&a=561700128

  30. On January 13, 2018 at 12:53 pm,
    Ebolan says:

    More food for thought from Deist and Boldin…

    https://mises.org/library/michael-boldin-how-decentralization-could-work

  31. On January 13, 2018 at 1:02 pm,
    Matthew says:

    The 30 year T-bond priced in gold peaked two years ago just as the gold sector bottomed and looks very bad today. For this and many other reasons, those who thought gold was just enjoying a counter trend bounce clearly didn’t know what they were talking about.

    $USB:$GOLD weekly:

    http://stockcharts.com/h-sc/ui?s=%24USB%3A%24GOLD&p=W&yr=5&mn=0&dy=13&id=p01861365243&a=533236644

  32. On January 13, 2018 at 1:03 pm,
    Mike says:

    In case anyone wants to check out Erik Townsend’s article that Jesse Felder mentioned … here it is:

    “Blockchain Debunked: Why one of the most-important technological breakthroughs of all time was never suitable beyond use as a proof-of-concept prototype”

    https://www.macrovoices.com/macrovoices-content/list-research-roundup/1474-blockchain-debunked/file

    • On January 13, 2018 at 1:25 pm,
      CFS says:

      FYI blockchain discussion:
      https://www.youtube.com/watch?v=_LK_mOFg3UI

    • On January 13, 2018 at 3:06 pm,
      Big Al says:

      Thanks Mike, I read and re-read that article and referred to it in another post here.

    • On January 13, 2018 at 4:21 pm,
      Excelsior says:

      Thanks Mike that was a good article.

  33. On January 13, 2018 at 1:04 pm,
    Markedtofuture says:

    The New Cold War in 2018 — A Discussion With Professor Stephen F. Cohen

    A few days ago, we had the opportunity to visit with Professor Stephen F. Cohen. As regular readers know, we’ve been featuring his weekly podcasts with John Batchelor for the past four years so it was a real honor to speak with him directly regarding The New Cold War.

    https://www.tfmetalsreport.com/podcast/8770/new-cold-war-2018-discussion-professor-stephen-f-cohen#new

    • On January 13, 2018 at 1:56 pm,
      Markedtofuture says:

      Alabama Declares State Of Emergency Over Flu Epidemic As Death Toll Rises

      One hundred years after the Spanish flu pandemic, could we be facing another deadly global outbreak?

      https://www.zerohedge.com/news/2018-01-13/alabama-declares-state-emergency-over-flu-epidemic-death-toll-rises

      • On January 13, 2018 at 2:45 pm,
        Big Al says:

        We have a lot of people up here in Washington state who have either the flu or a cold that is absolutely debilitating and lasts for weeks and weeks. I currently am blessed with the latter.

        Kathy had surgery yesterday and we were told that a lot of hospital staff are currently out with the flu.

        • On January 13, 2018 at 6:37 pm,
          OOTB Jerry says:

          Hope all is well, and that Kathy’s surgery was a success….hoping for speedy recovery…

          • On January 14, 2018 at 12:22 pm,
            Markedtofuture says:

            +1

  34. On January 13, 2018 at 1:28 pm,
    Matthew says:

    Re: Seg. 3

    I agree with David Vincent’s view that the coming gains will happen more slowly than they did in 2016 but I attribute part of that to the fact that the sentiment at the ’15/’16 low couldn’t have been worse so the mean reversion kicked off while only very strong hands held shares. We don’t quite have that situation now but we do have potential catalysts that could add plenty of fuel to this move.

    For technical and fundamental reasons, I am more bullish than David long term.

    As for the CDNX, I think the next level where we will see a protracted pause is around 1300 (the price action of the last 8 years shows the validity of the following fork)…

    http://stockcharts.com/h-sc/ui?s=%24CDNX&p=W&yr=10&mn=11&dy=11&id=p55531230446&a=530620420

  35. On January 13, 2018 at 1:50 pm,
    Dennis M. O'Neil says:

    What a day.
    A 2 handicap paying golf in beautiful Lake Tahoe.
    You are wealthy and feel good for donating to charity.
    You are in a scramble and score a hole in one.
    What a day! Q says, ‘And she denies it in writing.’

    • On January 13, 2018 at 2:51 pm,
      Big Al says:

      Sorry Esq. but I don’t understand the reference to Q.

  36. On January 13, 2018 at 2:05 pm,
    OOTB Jerry says:
    • On January 13, 2018 at 2:42 pm,
      Big Al says:

      Now Jerry that is just not American. Why should people who are able have to provide something back to society for their medical care? Does that make sense to you?

    • On January 13, 2018 at 3:16 pm,
      Ebolan says:

      If they’re sick how are they gonna make’em work? Better to get the gooberment completely out of healthcare.

    • On January 13, 2018 at 3:17 pm,
      Ebolan says:

      My prediction is this won’t work at all. People just won’t enroll in Medicaid and will show up at the ER when they get sick, have an accident, etc. And the gooberment mandates hospitals can’t turn people away, so what incentive is their to enroll in Medicaid?

    • On January 13, 2018 at 3:23 pm,
      Ebolan says:

      If the gooberment stopped interfering in healthcare and let the free market and charity deal with it there would be no need for Medicaid. Instead, with healthcare ridiculously expensive they are millions on Medicaid and really, when you come down to it, the ACA subsidies are just another form of Medicaid.

  37. On January 13, 2018 at 2:15 pm,
    Dennis M. O'Neil says:

    Cryptos may have a good week with Wall Street Bonus season hitting big.
    The paper guys in the know know to hedge their USD based wealth.
    The anonymity helps them huge.
    Take % of profits and by $17 dollar Ag.

    • On January 13, 2018 at 2:34 pm,
      Big Al says:

      They might have a good week Dennis, but don’t understand them and there are only so many concepts that my pee brain allows me to deal with!

      • On January 13, 2018 at 7:38 pm,
        Dennis M. O'Neil says:

        Al,

        Think technologically assisted wampum.

        • On January 14, 2018 at 12:21 pm,
          Big Al says:

          You mean like the ones that are currently being used and have been for the past few years that we know of?

  38. On January 13, 2018 at 2:36 pm,
    Ebolan says:

    You boys see this…our rulers scared the shiite outta the sheeple…

    Drudge Headline

    FALSE MISSILE ALERT SHAKES HAWAII
    ‘PUSHED WRONG BUTTON’
    38 MINUTES OF TERROR
    RESIDENTS CRYING AND SCREAMING

    SHOCK VIDEO: CHILDREN PLACED IN STORM DRAINS DURING WARNING…
    FCC launching full inquiry…

    SHOCK VIDEO: CHILDREN PLACED IN STORM DRAINS DURING WARNING…
    FCC launching full inquiry…

    http://www.dailymail.co.uk/news/article-5266357/Hawaii-receives-ballistic-missile-threat-warning.html

    ‘The whole state was terrified’: Panic in Hawaii as Civil Defense issues alert for ‘inbound ballistic missile threat’ which told residents to ‘urgently seek shelter’ – then takes 37 MINUTES to say it was a false alarm

    Read more: http://www.dailymail.co.uk/news/article-5266357/Hawaii-receives-ballistic-missile-threat-warning.html

    Be scared, boys….be very scared…your rulers would have it no other way.

    • On January 13, 2018 at 2:49 pm,
      Big Al says:

      Eddy, I am not really sure what the “rulers”have to do with anything along these specific lines.

      • On January 13, 2018 at 3:13 pm,
        Ebolan says:

        Mr. Big Al Korelin, rulers get their “legitimacy” through fear. Always have, always will. It is always in their interests to keep the sheeple stirred up.

        Ever heard of Two Minutes Hate? (If not google it or just read 1984.) Well, Hawaii just got their 37 Minutes Fear, surely to be followed by 37 Minutes Hate.

        Maybe Bob Moriarty or Matthew can jump in here. They can explain it a lot better than I can.

        • On January 13, 2018 at 3:17 pm,
          Big Al says:

          I do understand and I do agree with you Eddy.

        • On January 13, 2018 at 3:27 pm,
          Matthew says:

          I think you explained enough, Ebolan. Those who want to know more have no excuse not to and will remain ignorant only by choice.

          There is no way that that false alert was an accident.

          • On January 13, 2018 at 4:26 pm,
            b says:

            You would think it was no accident, but its gotta be possible that the training was inadequate, maybe we are seeing the results of a dumbing down in education.

            Recall the destroyers that ran into merchant vessels?
            Could have something to do with training.

            PCR said a few times, the real danger of nuclear war is starting by accident.

            Push the wrong button? laughable, whoever would do that is a total putz.
            Nice to know our nuclear security is in the hands of a putz no?

        • On January 13, 2018 at 4:14 pm,
          Ebolan says:

          How to Engineer a Crisis

          https://www.corbettreport.com/crisis/

  39. On January 13, 2018 at 2:37 pm,
    Ebolan says:

    ou boys see this…our rulers scared the shiite outta the sheeple…

    Drudge Headline

    FALSE MISSILE ALERT SHAKES HAWAII
    ‘PUSHED WRONG BUTTON’
    38 MINUTES OF TERROR
    RESIDENTS CRYING AND SCREAMING

    SHOCK VIDEO: CHILDREN PLACED IN STORM DRAINS DURING WARNING…
    FCC launching full inquiry…

    SHOCK VIDEO: CHILDREN PLACED IN STORM DRAINS DURING WARNING…
    FCC launching full inquiry…

    http://www.dailymail.co.uk/news/article-5266357/Hawaii-receives-ballistic-missile-threat-warning.html

    ‘The whole state was terrified’: Panic in Hawaii as Civil Defense issues alert for ‘inbound ballistic missile threat’ which told residents to ‘urgently seek shelter’ – then takes 37 MINUTES to say it was a false alarm

    Be scared, boys….be very scared…your rulers would have it no other way.

    • On January 13, 2018 at 2:48 pm,
      Big Al says:

      What is the reason for the 35 minute delay?

      • On January 13, 2018 at 6:35 pm,
        CFS says:

        government efficiency?

  40. On January 13, 2018 at 2:48 pm,
    Dan says:

    that was a fine segment on social media by Mr. Felder. My opinion is that Facebook is so destructive for one major reason. That reason is it’s developer and guiding hand is the most evil-man-with-power to live in my life time. I’m beginning to think that is a prerequisite for aspiring to the Presidency. Just look hat how he hired attorneys in Hawaii to help him pretend he was a small farmer so that he could gather up all those small land holdings to create his compound. He knows what he wants and he’s willing to do anything to get it. The last time a decent human being got close to the Presidency was Jimmy Carter.

  41. On January 13, 2018 at 2:49 pm,
    Markedtofuture says:

    If Hawaii spent more time working on their own infrastructure instead of working on ways to knock down Trump Executive orders, the state would run a little smoother.

    Governor David Ige, who apologized for the mistake, said in televised remarks that the alert was sent during a employee shift change at the Hawaii Emergency Management Agency. Vern Miyagi, the agency’s administrator, called it “human error.”

    Trump was wrapping up a round of golf at Trump International Golf Club in West Palm Beach, Florida when the incident was unfolding. White House spokeswoman Lindsay Walters said Trump was briefed and that it “was purely a state exercise.”

    Residents “Crying And Screaming” After False “ICBM Threat” Alert Rattles Hawaii; Gabbard Slams Trump

  42. On January 13, 2018 at 2:53 pm,
    Markedtofuture says:

    1.13 – Hawaiian Missile OOPS/Assange Chess/Unsealed Indictment/IG Report Comes Early

    https://www.youtube.com/watch?v=KM6DTC_i-8s

  43. On January 13, 2018 at 2:55 pm,
    Ebolan says:

    DIY electicity…you boys ready to go off grid???

    https://youtu.be/m1Fg2fXpFGA?t=616

    • On January 13, 2018 at 2:56 pm,
      Ebolan says:

      Also, mentions what scamster and scoundrel Elon Musk is…

      • On January 15, 2018 at 6:34 am,
        OOTB Jerry says:

        Elon the Scammer………good stuff………..check the 12 min mark…..

  44. On January 13, 2018 at 3:25 pm,
    Dick Tracy says:

    Who wants a President who seems to like everybody, and wants to do favors for everybody, and wants to make everybody happy. I prefer a President who calls Haiti what it is, now I don’t want to say that but I think most people would agree with me. The days of Archie Bunker have been over for a long time but the pendulum is just starting to swing back. We can’t always be neighborly to the whole American public, that has never worked and it has been tried many times. DT

  45. On January 13, 2018 at 3:50 pm,
    Ebolan says:

    Europe is Dying. A Cry for Help.

    Dang, checkout the idiots in the first 16 seconds of that video…

    https://www.bitchute.com/video/7KDdYF6kqNlq/

    • On January 13, 2018 at 4:03 pm,
      Ebolan says:

      Amazing that the German people, the people of Denmark, etc. can’t comprehend the pure evil of their rulers. The German people need to take matters into their own hands. Merkel should be tried for crimes against her people and hung in public if convicted.

      • On January 13, 2018 at 4:15 pm,
        Dick Tracy says:

        Ebolan, what is it that you want from your government, what is normal for you? How would you go about returning your government to the people? You denounce everything but never come up with solutions or possible change for the better. It’s about time you got off the pot, Well? DT

        • On January 13, 2018 at 4:32 pm,
          Ebolan says:

          How about if they stop stealing half of everything I make? Is that too much to ask for?

          How about if the stop running up ruinous debt my kids will have to pay for? Is that too much to ask for?

          How about if they stop importing criminals from third world hell holes and making me pay for their food, housing, medical care and eventual incarceration. Is that too much to ask for?

          • On January 14, 2018 at 6:52 pm,
            bonzo barzini says:

            Hear, hear!

        • On January 13, 2018 at 4:34 pm,
          Ebolan says:

          I am not asking they do anything…I am asking that they STOP doing what they are doing which is nothing but criminal…again…is that too much to ask for?

        • On January 13, 2018 at 4:36 pm,
          Ebolan says:

          And if I am being brutally honest…no way will they return government to the people…and what exactly does that mean, anyway??? How can you return a criminal entity to the people???

          • On January 13, 2018 at 4:39 pm,
            Ebolan says:

            And I would bet that Matthew or Bob Moriarty could provide better answers if you are seeking further explanation.

        • On January 13, 2018 at 5:41 pm,
          Dick Tracy says:

          Those aren’t solutions, they are gripes. It’s easy to be critical, how would you change the present system to make it the kind of government you would like to see?

          • On January 13, 2018 at 6:19 pm,
            OOTB Jerry says:

            End the Fed. that will solve about 90% of the issues.
            Term Limits for congress
            Claw back all the money the TBTF banks have been loaned, in the last 8 yrs.(close Goldman)
            Jail Hilly, Billy, Obama, Lynch, Holder, Bush 1 & 2…
            Cut the Military Spending in Half…. by Closing Half of the Military Bases.
            End The Dept of Education.
            End the CIA
            End the IRS dealing with individuals income tax….tax to be collected at time of purchase.(see constitution)
            End the Electoral College, paper ballot voting only
            End the DOE, eliminate all subsidies….
            End Farmer Subsidies.
            Build the Wall, with the unemployed youth
            Forgive all College Loans, by having the youth provide work on the wall..
            Have everyone serve at least 2 yrs military service.

          • On January 13, 2018 at 6:21 pm,
            OOTB Jerry says:

            Oh,….And call up the Pentagon….and tell them to fork over the missing $21 Trillion

          • On January 13, 2018 at 7:11 pm,
            Excelsior says:

            Good suggestions OOTB. I doubt we’ll see those happen, but they are the right approach.

          • On January 13, 2018 at 7:19 pm,
            OOTB Jerry says:

            Thanks…..EX….

          • On January 14, 2018 at 10:19 am,
            Robert Moriarty says:

            DT:

            If you required a balanced budget you would be half way home. All of our problems go back to government spending totally out of control. The sole benefit of a gold standard is that you can’t print gold.

          • On January 14, 2018 at 10:57 am,
            Big Al says:

            A very true story, Bob, that nobody seems to believe!

          • On January 14, 2018 at 12:24 pm,
            Dick Tracy says:

            Canada has been following The US for years and our government sold all it’s gold years ago, the same can be said for Britain. The Chinese don’t want US treasuries but the next shoe to drop is will they give The US back their gold that we thought was in Fort Knox. Please Xi may I have some gold bullion. DT

          • On January 14, 2018 at 3:08 pm,
            b says:

            You dont print gold, but you can print currency all ya want, gold standard or not.

            All those war debts were due to printing, big debts from both world wars and we were on a gold standard.

            Im wondering if any system that prints is just an agreed upon illusion.

          • On January 14, 2018 at 6:54 pm,
            bonzo barzini says:

            Why end the electoral college? It saved us from Hillary.

          • On January 14, 2018 at 7:09 pm,
            Matthew says:

            Why the Electoral College Is Great, and No One Should Even Think About Abolishing It

            https://youtu.be/2LEocayWFH8?t=44

          • On January 15, 2018 at 7:04 am,
            OOTB Jerry says:

            Matthew…….excellent post on the Electoral College, …So, with that in mind, I retract my statement on ending the EC., change of heart , change of mind……

      • On January 13, 2018 at 4:21 pm,
        CFS says:

        Consider the average man you may meet.
        Now realize that if he is, indeed, average, then half of the people you meet are dumber than him.
        Ain’t one person – one vote great!

  46. On January 13, 2018 at 4:23 pm,
    CFS says:

    In the age of computers, the weight of the vote anyone casts should be proportional to the taxes they pay.

    • On January 13, 2018 at 5:10 pm,
      Dennis M. O'Neil says:

      That would mean the elite would be disenfranchised.

  47. On January 13, 2018 at 4:43 pm,
    Markedtofuture says:

    Catherine Austin Fitts Interview

    around 10:00 mark they start discussing the “story of I am good”. How the private prison scam started via the Clinton’s and Bush’s, Wall street. Obama and Oprah’s pretty faces helped get the money steered away from black people to help move in the Hispanics.

    The 21 Trillion gone missing was due to engineering the financial coup of the U.S. 15:30 states how they let their black brothers and sisters go down the shoot. Informative to say the least.

    https://www.youtube.com/watch?v=6LXunw2TF_o

    • On January 13, 2018 at 5:20 pm,
      CFS says:

      posted days ago

  48. On January 13, 2018 at 4:55 pm,
    Excelsior says:

    Here is a great success story from my pal @Jayfire and how he’s just recently crossed the $1 million in “profits” milestone investing in Jr Miners since late 2015.

    Jay had already turned a $1 million profit in his prior real estate career at an early age, and decided to venture into the insanity of Jr Mining as his next adventure back in 2015.

    He initially positioned $424,320 in mining stocks a few years back, and now his total speculative portfolio has grown to $1,470,453 and he is considering start to cash out these miners as they rally into this bull market, to spend more time traveling the world and meeting new people. A job well done, and he helped many other investors on his path the last few years.

    Jay is a total class act, and I wish him all the best on his next chapter of life. His story is an encouraging read for anyone that may have had a challenging 2017 in the mining space, or missed the moves up in 2016 or early 2017 in the mining stocks.

    _________________________________________________________________

    Early FI – Twice Up the Mountain
    by FI FIGHTER on JANUARY 13, 2018

    — Financial Independence, Mining Stocks, Progress

    http://fifighter.com/financial-independence/2018/01/early-fi-twice-up-the-mountain/#comment-161094

  49. On January 13, 2018 at 5:37 pm,
    Ozibatla says:

    I wonder if it is at all possible that palladium will catch and overtake gold. With the premium being a little more than $200 as we speak it mat seem unlikely. However the difference did used to be around $600 a couple of years back.

    • On January 13, 2018 at 6:45 pm,
      bonzo barzini says:

      Platinum always sold at a premium to gold in the past but now is cheaper than gold.
      I don’t think this will last. But silver looks even better than platinum or gold.

      • On January 13, 2018 at 7:09 pm,
        Excelsior says:

        Agreed Ozibatla & bonzo barzini.

      • On January 14, 2018 at 4:54 am,
        Ozibatla says:

        Duly noted but I was actually referring to palladium. Its looking real strong at the moment

        • On January 14, 2018 at 9:07 am,
          Excelsior says:

          Palladium has been extremely strong all of 2017, but it is a bit overbought now.

          The reasoning is it was a cheaper replacement (substitution) for Platinum in some manufacturing, and with the auto sector it is because of the transition over to more gasoline cars over diesel.

          Having said that, Platinum has a much larger investment demand for coins, bars, and jewelry than Palladium does, so I’d expect it to close up the gap on Gold when PMs take off, and surpass Palladium once again (likely later in the year and into 2019).

          I’m likely going to be rotating more into the PGMs as the year progresses, but have seen a few nice moves lately in companies like Platinum Group Metals, Polymet, and North American Palladium. The one I’m still most interested in is Jubilee Platinum due to their nice margins on the Platinum/Chrome tailings, as well as their huge undeveloped PGM project and lastly a huge Nickel project.

          http://www.jubileeplatinum.com/projects.htm

          • On January 14, 2018 at 9:10 am,
            Excelsior says:

            I guess they’ve rebranded now as Jubilee Metals (even though their website still reflects the old name of Jubilee Platinum). I makes sense considering their exposure to Chrome, Nickel, along with the Platinum & Palladium.

          • On January 14, 2018 at 9:21 am,
            Excelsior says:

            According to the info on page 4 it looks like they are also expanding into a Zinc/Lead/Vanadium recovery plant, so that’s a new growth project.

            http://www.jubileemetalsgroup.com/investor/financials/Jubilee%20AR2017.pdf

  50. On January 13, 2018 at 5:46 pm,
    CFS says:
    • On January 13, 2018 at 6:40 pm,
      OOTB Jerry says:

      welve years after entering college during the 2003-2004 academic year, 21% of black student loan borrowers who graduated with a bachelor’s degree defaulted on their debts, according to an analysis of government data by Judith Scott-Clayton, a professor of economics and education at Columbia University’s Teachers College. But just 18% of white borrowers who actually dropped out of school defaulted 12 years after entering.

      The findings are part of a report indicating troubling trends among the broader student loan borrower population. Scott-Clayton’s findings suggest that by 2023, 40% of borrowers who entered school during the 2003-2004 academic year will have defaulted on their debts. But the analysis highlights particular distress among certain groups of borrowers: Black students and those who attended for-profit colleges. Another irony: In many cases, those two groups overlap.

  51. On January 13, 2018 at 7:15 pm,
    OOTB Jerry says:
    • On January 13, 2018 at 7:16 pm,
      OOTB Jerry says:

      check the numbers from 2000 …..from $400billion to $5 Trillion today…..

    • On January 14, 2018 at 12:28 pm,
      Big Al says:

      Like a major increase in the strength of one and a major decrease in the strength of another? This event was predicted a number of years back on our site and others, Jerry.

      Seems to me that you also called it/

      • On January 14, 2018 at 1:52 pm,
        OOTB Jerry says:

        I remember reading a book in 1995.., called the WORLD IS FLAT, …the author was predicting China would be manufacturing a lot of the product in the future., I guess he got it correct….

        • On January 14, 2018 at 2:10 pm,
          Big Al says:

          A country that powerful historically will simply not dry up and blow away. Will it Jerry?

          • On January 14, 2018 at 2:30 pm,
            OOTB Jerry says:

            We will not blow away….but, I think we are in for an Awakening…..
            The number of vacant cities in China is still a puzzle to me.
            I wonder, if there are still 1000 cities, that are vacant , that could hold 1 million people.
            Real estate might be a problem for the Chinese, if, we get into a recession.
            You know the bankers are going to squeeze the borrower, …

          • On January 14, 2018 at 2:31 pm,
            OOTB Jerry says:

            that should read ….1000 cities, that each could contain 1 million people

  52. On January 13, 2018 at 7:22 pm,
    Dennis M. O'Neil says:

    I was reading the latest Ted Butler article about JPM Ag hoarding Ag at unprecedented levels historically.
    He referenced the Hunt Brothers and Warren historically acquisitions.
    But his article made me think of the US Strategic stockpile.
    The US Strategic Stockpile is depleted.
    But it is not as if we do not need it.
    Just as the first several comments referenced the need of cobalt for batteries, we need silver strategically. Even more now than when the Ag Stockpile was dishoarded.
    This made me think….Could JP Morgan’s warehouse be holding the new US Strategic Stockpile? Could the US have

    • On January 14, 2018 at 12:23 pm,
      Big Al says:

      Interesting question ESQ.

      By the way do you have any idea why your comments are always pending as I certainly don’t!

      • On January 14, 2018 at 3:25 pm,
        Dennis M. O'Neil says:

        Langley!

        Qs my comments.

        • On January 15, 2018 at 11:40 am,
          OOTB Jerry says:

          Notice that above Dennis………your comments have been delay…

  53. On January 13, 2018 at 7:24 pm,
    Dennis M. O'Neil says:

    on the QT re-established and immense US Strategic stockpile of Silver via the FED buddy Agent JPM?

  54. On January 13, 2018 at 9:29 pm,
    Dennis M. O'Neil says:
    • On January 14, 2018 at 12:19 pm,
      Big Al says:

      I could not get it to play ESQ

  55. On January 13, 2018 at 9:45 pm,
    Dennis M. O'Neil says:

    Q is now.
    TCBTS has ended.
    Riders on the storm rocks.

  56. On January 13, 2018 at 10:38 pm,
    Excelsior says:

    Hmmm….. Don’t you just love it when the main stream media posts titles like this:

    __________________________________________________________________________

    The Stock Market Never Goes Down Anymore

    By Elena Popina – January 12, 2018

    https://www.bloomberg.com/news/articles/2018-01-12/stock-momentum-getting-historic-on-eve-of-big-earnings-season?

    • On January 13, 2018 at 10:39 pm,
      Excelsior says:

      Now…… where do we see articles like this at the bottom or when tops are forming?

      • On January 14, 2018 at 7:26 am,
        Robert Moriarty says:

        Ex:

        I’ll get back to you on this. I have to spend some time thinking about it.

        • On January 14, 2018 at 12:50 pm,
          Excelsior says:

          funny Bob M.

      • On January 14, 2018 at 8:30 am,
        Dick Tracy says:

        Inflation is much worse now than it had been two years ago. The price level in The Stock Market is preposterous. The speculative memory is short, people believe that every crash will be followed by a recovery and that every recovery will bring prices to a new high point. There is no reason to sell you are bound to win in the end. What the bull operators are saying, this time it’s true. This is a new era. Prosperity is coming into full bloom. It’s total madness and is a product of mob psychology. DT

        • On January 14, 2018 at 8:50 am,
          CFS says:

          https://mcalvanyweeklycommentary.com/

          The Buffet indicator is flashing warnings stoickmarket too high.

        • On January 14, 2018 at 12:06 pm,
          Big Al says:

          Dick T, don’t you think that maybe there is the chance that people are more optimistic now than they have been in the past. Investors were not particularly optimistic during the eight Obama years while the while the other side was.

          Just a thought and also what I happen to believe.

        • On January 14, 2018 at 12:56 pm,
          Excelsior says:

          Agreed DT. Inflation is creeping into our lives anyway in medical care, services, education, food costs, power bills, event tickets, etc… despite what the government metrics point out.

          When the other shoe drops, and a correction in the general equities is not met by a swift recovery, and they buy more, but it keeps dropping, then confidence will be rattled a we witness a 10-15% correction in the general markets.

          We are finally entering the blow-off top range that so many have been waiting on for years now, when one takes a step back and starts digesting comments like those in that article above:

          ___________________________________________

          “Up eight times in the first nine days of 2018, the S&P 500 has broken away from a trend line, its 200-day moving average, with a velocity unseen since 2013, the best year for equities in a generation. The benchmark now sits more than 11 percent above the level, putting it in the 92nd percentile of momentum, data going back 20 years show.”

          “Something has changed in equities. If 2017 was a slow but steady slog, 2018 has been off to the races, with shares rising at four times last year’s daily rate on the back of Donald Trump’s tax package and gathering signs of economic strength. Forty seven companies in the S&P 500 are already up at least 10 percent this year, compared with just two down as much.”

          “Even if you were the bullest of the bulls, this crazy rally start to the year took you off guard,” said Michael Antonelli, an institutional equity sales trader and managing director at Robert W. Baird & Co. “We’ve completely run out of ways to describe what’s happening. We get asked a lot, are you seeing anything different that could explain the rally? The answer is no.”

          • On January 14, 2018 at 1:51 pm,
            Big Al says:

            i can add nothing to your comment Excelsior other than “we live in interesting times”!

          • On January 14, 2018 at 5:09 pm,
            Excelsior says:

            Big Al – we certainly do live in interesting times and we are getting nearer to a “tipping point”.

  57. On January 14, 2018 at 12:18 am,
    Matthew says:
  58. On January 14, 2018 at 12:54 am,
    Matthew says:

    The 30 year T-bond is in collapse mode versus gold. We should find out soon whether or not a correcting stock market can slow the inevitable.

    http://stockcharts.com/h-sc/ui?s=%24USB%3A%24GOLD&p=W&yr=6&mn=6&dy=0&id=p08354149654&a=542652984

  59. On January 14, 2018 at 1:03 am,
    Matthew says:

    The yen closed at a four month high and is on a buy signal that leaves a lot of room to the upside…

    http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=3&mn=11&dy=0&id=p11892384881&a=535011275

  60. On January 14, 2018 at 1:09 am,
    Matthew says:
  61. On January 14, 2018 at 6:57 am,
    CFS says:
    • On January 14, 2018 at 8:36 am,
      OOTB Jerry says:

      Shipp explains, “I differentiate between the ‘Deep State’ and the shadow government. The shadow government are the secret intelligence agencies that have such power and secrecy that they act even without the knowledge of Congress. There are many things that they do with impunity. Then there is the ‘Deep State,’ which is the military industrial complex, all of the industrial corporations and their lobbyists, and they have all the money, power and greed that give all the money to the Senators and Congressmen.

      • On January 14, 2018 at 12:01 pm,
        Big Al says:

        I appreciate his definitions Jerry. I have always felt that way about the “shadow government”and the “deep state”

        Have a great Sunday. I will be in front of my computer all day making sure that my “cold gets worse” This one hangs on for ever and even keeps me from drinking my “good red wine”

        • On January 14, 2018 at 12:09 pm,
          Dick Tracy says:

          Would that “good red wine” be called “Ripple”.

          • On January 14, 2018 at 2:23 pm,
            Big Al says:

            Haven’t had that one for over fifty years!

        • On January 14, 2018 at 1:57 pm,
          OOTB Jerry says:

          OWL…….ditto on the definitions….
          .Sorry, to hear about the cold….get plenty of sleep, water and wear your slippers.
          Btw, Hope Kathy is feeling better……..

          • On January 14, 2018 at 2:08 pm,
            Big Al says:

            Thank you Jerry and God bless!

          • On January 14, 2018 at 2:39 pm,
            OOTB Jerry says:

            Ditto on the God Bless……The Lord knows we all need a lot of that……

    • On January 14, 2018 at 12:15 pm,
      Big Al says:

      All I can say CFS, is that I hope this headline is true. Time will tell.

  62. On January 14, 2018 at 7:21 am,
    CFS says:

    If I remember correctly Obama abolished Posse Commitatus, so it is interesting how that has backfired against the Democrats. The President can now, indeed, use the military against the swamp critters.
    I wonder how the media can be brought into impartiality. The general public is so stupid as to believe much of the media garbage.

    • On January 14, 2018 at 12:14 pm,
      Big Al says:

      I think that we would all agree with you, CFS

  63. On January 14, 2018 at 8:03 am,
    CFS says:

    Interesting changes in the Middle East:
    http://podbay.fm/show/589864479/e/1515823256?autostart=1

    • On January 14, 2018 at 12:12 pm,
      Big Al says:

      The pod cast does ask an interesting question.

  64. On January 14, 2018 at 8:24 am,
    Markedtofuture says:

    Pioneer Resources PIO.AX PIONF HotCopper post…

    There are a few points that have been missed here.
    1. Yes results are late, but anyone who has been around this company for a while has come to expect this. I don’t say that is a good thing, but is a given.
    2. Both announcements said that the extent of drilling may be extended, depending on results.
    3. The Company knows results of drilling almost in real time. They will have pXRF results on all drills on site.
    4. These results will determine if there is to be further drilling.
    5. If there is further drilling on either or both projects, depending on results, the programme may not yet be complete.
    6. PIO have not previously, to my knowledge, released results of pXRF tests.
    7. As far as I recall we now have a mining licence.
    8. All effort will now be on finalising off-take of the caesium.
    9. Greater reserves of caesium a will lead to much better off-take contracts, and it would be foolish to settle off-take arrangements when there may shortly be further information which will substantially enhance the value of the project to a buyer.
    10. The announcement on cobalt drilling said that drillings would be taken for metallurgical testing. PIO are a very conservative outfit and would not spend money on metallurgical testing unless they believed, based on legacy drill results, that they had a sufficient resource to sustain a mining operation.

    This leads me to some very exciting conclusions. We are extending the caesium drilling because we have had some very positive results. Given the released results of the exploration so far, I don’t see how it could be otherwise. We know that caesium is a valuable commodity. I do not believe that the market or any one here knows just how valuable. The deep horizon well was the deepest, deep water well ever drilled. The accident there cost BP so much that at one time is was suggested that the cost may cause the collapse of one of the largest companies in the world. It has been reported that if caesium formate had been used as the drilling fluid, the disaster would have been avoided. It has been reported that BP offered to buy Cabot’s complete stock of caesium formate and Cabot refused to supply. It is practically impossible to drill in the North Sea unless caesium formate is used as the drilling fluid. Given all the above it is unlikely that any deep water wells will be drilled without caesium formate as the drilling fluid. Apart from anything else, it would be very difficult to arrange insurance for such a job.
    The easy, on shore, oil has mostly been developed. Most new wells will be deep water or shale. Trump has just opened most of the coast of the USA to oil exploration. There have been exciting new discoveries in deep water off the West Coast of Africa. There have been successful trials drilling shale with caesium formate fluid and the reports are that there are commercial advantages in using caesium formate. The potential demand is huge and we have the only significant supply known.
    Then there are reports of a five fold increase in production from photovoltaic cells with the addition of a caesium compound. All that over and above the existing uses of caesium in electronics and ceramics.
    The price of cobolt has increased by a factor of three in the last twelve months and the predicted demand will see further rapid increases in price. We have legacy drilling indicating profitable deposits of cobalt ore at current prices.

    As well we have a very good farm out on gold at Acra and a good gold project at Kangan. We have a suite of other properties on the back burner. We may have to wait a few weeks for results, but they will surely come.

    https://hotcopper.com.au/threads/no-news-my-take.3960326/page-27?post_id=30291269

  65. On January 14, 2018 at 8:55 am,
    CFS says:

    An example of the madness of crowds?

    Associated Press – 1 hour ago
    BERLIN (AP) — A team of experienced journalists is launching a new online magazine in Switzerland after reportedly collecting more than 7.7 million Swiss francs ($8 million) with the help of a crowdfunding campaign.

    The German-language magazine, called Republik , is intended to provide high-quality, ad-free journalism to paying members.

    Over 15,700 people paid at least 240 francs for an annual subscription within weeks of the project’s announcement in April. Private investors contributed another 3.5 million francs.

    • On January 14, 2018 at 11:57 am,
      Big Al says:

      Thanks for this info CFS. I believe that I see a “white knight” heading our way!

      One of the reasons that I respect The Epoch Times as much as I do is that it appears to fall into this category.

      Go to their free website and read a bit and then please give me your opinion.

  66. On January 14, 2018 at 9:00 am,
    CFS says:

    C’est le meme chose comme L’Etats Uni…..

    PARIS (AP) — Can a democratic country outlaw fake news?

    France is about to find out, after President Emmanuel Macron ordered a law to quash false information disseminated around electoral campaigns.

    Impossible to enforce. Sure to backfire. Smacking of authoritarianism. Criticism is pouring in from media advocates, tech experts — and Kremlin-backed broadcaster RT.

    Macron’s stance “could be just the beginning of actually censoring freedom of speech. We believe it is a very dangerous situation,” Xenia Fedorova, director of RT’s newly launched French-language channel, told The Associated Press.

    Yet in a world where a falsehood can now reach billions instantaneously, and political manipulation is increasingly sophisticated, Macron argues something must be done.

    A congressional report by U.S. Democrats released Thursday detailed apparent Russian efforts to undermine politics in 19 European countries since 2016, using cyberattacks, disinformation, clandestine social media operations, financing of fringe political groups and in extreme cases, assassination attempts. Macron’s own campaign suffered a big hacking attack last year, though the government later said it had found no proof of Russian involvement.

    Propaganda and disinformation aren’t new, or unique to Russia. Author and technology historian Edward Tenner argues that fake news is as old as “George Washington’s cherry tree” — an enduring but untrue legend about the first U.S. president.

    While democracies usually rely on defamation and libel laws to combat false publications, Macron wants more.

    In a new year’s speech to journalists, Macron said he’s ordering a new “legal arsenal” that would oblige news sites to reveal who owns them and where their money comes from. It could cap the money allowed for content seen as aimed at swaying an election, and allow emergency legal action to block websites. The French broadcaster regulator’s remit would expand to allow it to suspend media seen as trying to destabilize a vote — notably those “controlled or influenced by foreign powers.”

    That probably means outlets like RT — whose coverage was seen as favoring far-right candidate Marine Le Pen in last year’s French election and which many consider a tool of the Russian government — and Sputnik, which drew attention for reporting a rumor during the French presidential campaign that Macron was having a gay affair.

    He denied it, and beat Le Pen anyway, but never forgot.

    RT’s Fedorova says they are being unfairly targeted. Speaking from RT’s gleaming French studios on the banks of the Seine River, she says she struggled to get permits to open in France and her journalists are routinely barred from the Elysee Palace after Macron accused RT and Sputnik last year of being “organs of (Russian) influence.”

    RT France’s coverage appears broadly similar to other French networks, with a slightly greater emphasis on street violence and migrants. The biggest difference: its extensive coverage of Syria, which stresses the Russian and Syrian government’s views.

    “RT stands for giving the floor, the platform to different opinions, and I personally believe that diversity of voices is absolutely necessary in order to have the big picture,” said Fedorova, who says RT will be watching Macron’s plan closely.

    Media freedom watchdog Reporters Without Borders is also watching closely. It has decried fake news as undermining journalists who work hard to uncover wrongdoing and verify information, but is wary about Macron’s order.

    “We are not opposed to the principle of a law against fake news. But the point is to be able to write a law without endangering the freedom to reveal things,” the group’s chief, Christophe Deloire, told the AP.

    “Probably our democracies have to be defended in front of the fake news wave,” he said, but not “with the ways that despotic countries use.”

    His group, also known by French acronym RSF, is working with partners on a potential certification system that could classify news sources according to their verification methods, transparency about financing and other criteria — and leave it up to the public to decide what to believe.

    As France’s government prepares its bill, it will be learning lessons from a German law that went into effect this month cracking down on hate speech on social networks. Some fear legitimate posts by satirists or journalists about hateful speech are being accidentally caught up in the dragnet.

    Shutting down websites can also backfire, by calling more attention to them.

    “The only long-term solution for the fake news problem is a more sophisticated public,” Tenner said.

    “Sophisticated manipulators of facts will always find a way around whatever regulations are in place,” such as creating a front company to sponsor a website, he said, or writing “something that is misleading and inflammatory that is factually true.”

    Daniel Castro, vice president of the Information Technology and Innovation Foundation, outlines another problem: “People like fake news. It reinforces their beliefs.”

    He says Macron is prompting “a very valid conversation” about campaign funding and transparency. But “where it runs into trouble is when they try to define fake news.”

    The Macron government’s digital affairs chief is lucid about the challenges ahead.

  67. On January 14, 2018 at 9:03 am,
    CFS says:

    PARIS (AP) — Can a democratic country outlaw fake news?

    France is about to find out, after President Emmanuel Macron ordered a law to quash false information disseminated around electoral campaigns.

    Impossible to enforce. Sure to backfire. Smacking of authoritarianism. Criticism is pouring in from media advocates, tech experts — and Kremlin-backed broadcaster RT.

    Macron’s stance “could be just the beginning of actually censoring freedom of speech. We believe it is a very dangerous situation,” Xenia Fedorova, director of RT’s newly launched French-language channel, told The Associated Press.

    Yet in a world where a falsehood can now reach billions instantaneously, and political manipulation is increasingly sophisticated, Macron argues something must be done.

    A congressional report by U.S. Democrats released Thursday detailed apparent Russian efforts to undermine politics in 19 European countries since 2016, using cyberattacks, disinformation, clandestine social media operations, financing of fringe political groups and in extreme cases, assassination attempts. Macron’s own campaign suffered a big hacking attack last year, though the government later said it had found no proof of Russian involvement.

    Propaganda and disinformation aren’t new, or unique to Russia. Author and technology historian Edward Tenner argues that fake news is as old as “George Washington’s cherry tree” — an enduring but untrue legend about the first U.S. president.

    While democracies usually rely on defamation and libel laws to combat false publications, Macron wants more.

    In a new year’s speech to journalists, Macron said he’s ordering a new “legal arsenal” that would oblige news sites to reveal who owns them and where their money comes from. It could cap the money allowed for content seen as aimed at swaying an election, and allow emergency legal action to block websites. The French broadcaster regulator’s remit would expand to allow it to suspend media seen as trying to destabilize a vote — notably those “controlled or influenced by foreign powers.”

    That probably means outlets like RT — whose coverage was seen as favoring far-right candidate Marine Le Pen in last year’s French election and which many consider a tool of the Russian government — and Sputnik, which drew attention for reporting a rumor during the French presidential campaign that Macron was having a gay affair.

    He denied it, and beat Le Pen anyway, but never forgot.

    RT’s Fedorova says they are being unfairly targeted. Speaking from RT’s gleaming French studios on the banks of the Seine River, she says she struggled to get permits to open in France and her journalists are routinely barred from the Elysee Palace after Macron accused RT and Sputnik last year of being “organs of (Russian) influence.”

    RT France’s coverage appears broadly similar to other French networks, with a slightly greater emphasis on street violence and migrants. The biggest difference: its extensive coverage of Syria, which stresses the Russian and Syrian government’s views.

    “RT stands for giving the floor, the platform to different opinions, and I personally believe that diversity of voices is absolutely necessary in order to have the big picture,” said Fedorova, who says RT will be watching Macron’s plan closely.

    Media freedom watchdog Reporters Without Borders is also watching closely. It has decried fake news as undermining journalists who work hard to uncover wrongdoing and verify information, but is wary about Macron’s order.

    “We are not opposed to the principle of a law against fake news. But the point is to be able to write a law without endangering the freedom to reveal things,” the group’s chief, Christophe Deloire, told the AP.

    “Probably our democracies have to be defended in front of the fake news wave,” he said, but not “with the ways that despotic countries use.”

    His group, also known by French acronym RSF, is working with partners on a potential certification system that could classify news sources according to their verification methods, transparency about financing and other criteria — and leave it up to the public to decide what to believe.

    As France’s government prepares its bill, it will be learning lessons from a German law that went into effect this month cracking down on hate speech on social networks. Some fear legitimate posts by satirists or journalists about hateful speech are being accidentally caught up in the dragnet.

    Shutting down websites can also backfire, by calling more attention to them.

    “The only long-term solution for the fake news problem is a more sophisticated public,” Tenner said.

    “Sophisticated manipulators of facts will always find a way around whatever regulations are in place,” such as creating a front company to sponsor a website, he said, or writing “something that is misleading and inflammatory that is factually true.”

    Daniel Castro, vice president of the Information Technology and Innovation Foundation, outlines another problem: “People like fake news. It reinforces their beliefs.”

    He says Macron is prompting “a very valid conversation” about campaign funding and transparency. But “where it runs into trouble is when they try to define fake news.”

    The Macron government’s digital affairs chief is lucid about the challenges ahead.

    • On January 14, 2018 at 11:20 am,
      Big Al says:

      I fear that the internet is almost causing more problems than benefits. The idea that a more sophisticated public is the only viable long term solution to fake news is, of course true, but will never happen. And that is unfortunate.

      It takes a very sophisticated and cleaver individual to accomplish distributing “fake news” that is actually believed by a large group of people but those “originators and distributors” are definitely out there and so far never held liable.

      I personally believe, CFS, that if news is proven to be fake the originator should be held liable and even jailed.

      It is easy to say that an increased level of sophisticated people is the only way to combat “fake news”. Unfortunately, that is like saying “all people are created equal”

      • On January 14, 2018 at 12:17 pm,
        CFS says:

        To some extent fake news is combatted on social media by calling it out.

        Unfortunately people like Soros uses his millions to have trolls commenting against conservatives.
        I just hope logic trumps name-calling.

      • On January 14, 2018 at 12:25 pm,
        CFS says:

        Freedom of speech is always a two-edged sword.

        But I believe the righteous will aways win in the end.

        • On January 14, 2018 at 1:56 pm,
          Big Al says:

          Yes, freedom of speech is definitely a two edged sword. Yes of course the righteous will win in the end,but before that event occurs we are going to witness some really crazy things.

          Let me return with a question which is: “Is Hillary truly a criminal”? How about another question: I Trump truly a fascist?

          I hate to say it CFS but the questions don’t even come close to stopping there.

          • On January 14, 2018 at 3:53 pm,
            CFS says:

            Hillary and all the Clintons are at a minimum tax evaders, and liars.

            I do not think Trump is a fascist.
            He is borish, but he is an impatient businessman at heart more than anything.

            He chooses not to care very much about whether others find him offensive.
            I now believe he is attempting to do what he believes is best for the country.
            He is clearly NOT seeking personal reward. That fact alone, places him well above the majority of congress, in my book.
            I would like him to reduce greatly the size of government, but I do not expect that of him, because I feel he is at heart a New York democrat.
            But it is nice to have a blunt honest person as President, who is sticking to his campaign promises.

          • On January 14, 2018 at 7:06 pm,
            bonzo barzini says:

            Trump is not a fascist. The Clintons are not only crooks, but also murderers, just like LBJ.

  68. On January 14, 2018 at 9:04 am,
    CFS says:

    C’est la meme chose comme L’etats Uni.

  69. On January 14, 2018 at 9:10 am,
    CFS says:
    • On January 14, 2018 at 11:02 am,
      Big Al says:

      Are the increasing number of advertisements on sites like Zero Hedge starting to bother you CFS?

      They are really starting to bother me!

      • On January 14, 2018 at 12:12 pm,
        CFS says:

        Zerohedge will manage to take itself out of business.

        Their income is probably proportional yo number of clicks not duration of watching…..they will lose business eventually.

        Drudge Report is much better.

        • On January 14, 2018 at 2:22 pm,
          Big Al says:

          I personally view Drudge as being more credible and much less opinionated. How about you?

          • On January 14, 2018 at 3:27 pm,
            CFS says:

            Drudge is conservative, but moderately so. He does, however, report most factually.

            I wonder how so many commentators are considered “experts” in anything, when they allow their personal views to affect their judgements.
            https://www.youtube.com/channel/UCLfU0s7hrfgKs11YWUwSimA

      • On January 14, 2018 at 1:11 pm,
        irishtony says:

        Hello AL….I use Firefox, & addblocker on my computor, & i dont get a single add when i visit Zerohedge….Try it. BTW how is Kathy ?

        • On January 14, 2018 at 1:49 pm,
          Big Al says:

          Thanks for the advice Irish. I will get addblocker when I am done on the forum.

          BTW, both Kathy and I are really sick right now. The Korelin house is not a good place to be. Hopefully this will change shortly.

          • On January 14, 2018 at 2:17 pm,
            Big Al says:

            Mr Irish,

            I just looked into ad blocker for Chrome and was informed that it had the ability to “read your site and make changes” Sounds kind of invasive to me.

            Any other comments on ad blocker from anyone else?

          • On January 14, 2018 at 3:58 pm,
            CFS says:

            I wish the Korelin family a speedy recovery to good health.

            This version of Spanish flu scares me. I am not sure I would survive catching it, so I am being very careful.

          • On January 14, 2018 at 6:28 pm,
            CFS says:

            I have adblocker plus on my Chromebook….no problems. (I don’t particularly like my chromebook, but it is one of my alternatives.)
            I have internet explorer too, with adblocker.
            I prefer Mozilla Firefox,on which I currently do not run an adblocker.

    • On January 14, 2018 at 12:56 pm,
      CFS says:

      I had better comment before I’m attacked by R.M.
      The discount Turkish airline (Pegasus Airlines) has FLYPGS.COM painted on its planes.
      It offers a lot of package vacations to Brits and Germans, but has long been referred to as flying pigs in the UK. I did not make the epithet up.

  70. On January 14, 2018 at 12:40 pm,
    Excelsior says:

    Mark Cuban In Conversation With Kyle Bass | Real Vision Video

    Real Vision #VIDEO – Dec 12, 2017

    “Entrepreneur, Investor, Maverick. Mark Cuban arrives on Real Vision, in an incredible conversation with the equally legendary Kyle Bass, who finds out what makes the man from Shark Tank tick and his approach to investing, alongside some sharp insights on the future of AI, robotics and ICOs. These two legends apply their unique perspectives to dealing with generational wealth, their opinions on central banks, investible trends, and digital currencies. The world is changing very rapidly, and Cuban believes AI will have more of an impact on humanity that the advent of the internet. Bass and Cuban touch on the problem with digital currencies, in the difficulty to transact. To finish, Cuban offers several investable ideas going forward.”

    https://www.youtube.com/watch?v=PAcZPUjLdf4

    • On January 14, 2018 at 1:34 pm,
      CFS says:

      Here’s a more interesting Q & A session with Mark Cuban:

      https://www.youtube.com/watch?v=ii36plwJAnc

      • On January 14, 2018 at 1:59 pm,
        CFS says:

        The sad thing is that neither Mark Cuban nor Donald Trump are brilliantly “smart”.
        Cuban graduated from Indiana with a Baccalaureate in Business, while Trump did it at Wharton. Both ran “reality TV shows, and both are billionaires, but high intellect is not a requirement for any of that. Luckily for them, neither of them are really all that stupid,either.

        • On January 14, 2018 at 5:04 pm,
          Excelsior says:

          Kyle B & Mark C. covered some interesting concepts and ideas in that interview, so after listening it seemed worth posting in case anyone else may enjoy it.

    • On January 14, 2018 at 7:27 pm,
      bonzo barzini says:

      I have a masters from Indiana so I must be smarter than Cuban.

      • On January 14, 2018 at 7:43 pm,
        Big Al says:

        A Hooser? Best basketball film ever made and I love basketball!

        • On January 14, 2018 at 8:32 pm,
          bonzo barzini says:

          No, I’m not really a Hoosier. I am a Texan who went to grad school at Indiana. I started there the same year Bobby Knight did. I went to all the home football games for 3 years but never went to a basketball game at IU as the only basketball I enjoy is the Rice women’s team. I like the Astros! And the Australian Open starts tomorrow. Go Federer!

  71. On January 14, 2018 at 1:35 pm,
    Matthew says:

    Don’t let the skeptics fool you; gold is going much higher…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&b=5&g=0&id=p17278326630&a=503736549

    • On January 14, 2018 at 1:47 pm,
      Big Al says:

      I agree with both you and Jerry, Matthew! Just a gut level feeling!

  72. On January 14, 2018 at 2:37 pm,
    Matthew says:

    Gold is up 25% since it bottomed 2 years ago yet commodity index GNX is up 50% versus gold for the same period. THAT is what a bull market in resources is supposed to look like.
    The irony is that the biggest nominal moves in the gold space happen when gold is falling in real terms (i.e., versus commodities). Gold had its best real gains in 2014 and 2015 which is why the gold miners are now so appealing — real gains for the price of gold translates to real gains for the profitability of the gold miners.

    $GNX:GLD weekly (breaking out):

    http://stockcharts.com/h-sc/ui?s=%24GNX%3AGLD&p=W&yr=4&mn=9&dy=0&id=p54704439049&a=378282313

    • On January 15, 2018 at 8:00 am,
      OOTB Jerry says:

      …..I saw a chart starting from the year 2000 to present, that said, gold was averaging 20% a yr. average return over the time period.
      Another chart 5 yrs ago, from the year 1971 to 2011, suggested that the over all return was 9.4 %….still not bad as hedge against inflation…………JMO
      Wonder if, the present is starting to figure in a return to inflation…..?

  73. On January 14, 2018 at 3:21 pm,
    Matthew says:
  74. On January 14, 2018 at 3:26 pm,
    Matthew says:

    Gold:XAU is breaking down and that is obviously a good thing if you hold gold and silver miners…

    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU&p=W&st=2011-02-02&en=2017-08-31&id=p77769941414&a=542284343

    • On January 14, 2018 at 7:55 pm,
      Excelsior says:

      It is the miners turn to shine….

      • On January 14, 2018 at 7:57 pm,
        Big Al says:

        From the number that I looked at a bit earlier, I would say this could be an interesting week coming up!

        • On January 14, 2018 at 8:07 pm,
          Matthew says:

          I agree, Al. Good gains are very likely.

  75. On January 14, 2018 at 5:01 pm,
    CFS says:

    The missile warning in Hawaii, was a deliberate act to side-tract Trump from other things.
    The missile warning alert could NOT happen by accident; there are simply too many failsafes involved.

    Almost certainly rogue employees set in place by Obama were involved.
    There are more and more problems associated by personnel in the swamp.

  76. On January 14, 2018 at 5:03 pm,
    CFS says:

    side-track not side-tract

    • On January 14, 2018 at 5:27 pm,
      CFS says:

      Was this the indictment that will lead to Hillary going to Jail?

      Department of Justice
      Office of Public Affairs
      FOR IMMEDIATE RELEASE
      Friday, January 12, 2018
      Former President of Maryland-Based Transportation Company Indicted on 11 Counts Related to Foreign Bribery, Fraud and Money Laundering Scheme
      Executive Allegedly Paid Bribes to a Russian Official So His Company Could Win Highly Sensitive Nuclear Fuel Transportation Contracts
      An indictment against a former co-president of a Maryland-based transportation company that provides services for the transportation of nuclear materials to customers in the United States and abroad, was unsealed today for his alleged role in a scheme that involved the bribery of an official at a subsidiary of Russia’s State Atomic Energy Corporation.

      Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, Acting U.S. Attorney Stephen M. Schenning of the District of Maryland, Principal Deputy Inspector General April G. Stephenson of the U.S. Department of Energy’s Office of Inspector General (DOE-OIG) and Assistant Director in Charge Andew W. Vale of the FBI’s Washington, D.C. Field Office made the announcement.

      Mark Lambert, 54, of Mount Airy, Maryland, was charged in an 11-count indictment with one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and to commit wire fraud, seven counts of violating the FCPA, two counts of wire fraud and one count of international promotion money laundering. The charges stem from an alleged scheme to bribe Vadim Mikerin, a Russian official at JSC Techsnabexport (TENEX), a subsidiary of Russia’s State Atomic Energy Corporation and the sole supplier and exporter of Russian Federation uranium and uranium enrichment services to nuclear power companies worldwide, in order to secure contracts with TENEX.

      The case against Lambert is assigned to U.S. District Court Judge Theodore D. Chuang of the District of Maryland.

      According to the indictment, beginning at least as early as 2009 and continuing until October 2014, Lambert conspired with others at “Transportation Corporation A” to make corrupt and fraudulent bribery and kickback payments to offshore bank accounts associated with shell companies, at the direction of, and for the benefit of, a Russian official, Vadim Mikerin, in order to secure improper business advantages and obtain and retain business with TENEX. In order to effectuate and conceal the corrupt and fraudulent bribe payments, Lambert and others allegedly caused fake invoices to be prepared, purportedly from TENEX to Transportation Corporation A, that described services that were never provided, and then Lambert and others caused Transportation Corporation A to wire the corrupt payments for those purported services to shell companies in Latvia, Cyprus and Switzerland. Lambert and others also allegedly used code words like “lucky figures,” “LF,” “lucky numbers,” and “cake” to describe the payments in emails to the Russian official at his personal email account. The indictment also alleges that Lambert and others caused Transportation Corporation A to overbill TENEX by building the cost of the corrupt payments into their invoices, and TENEX thus overpaid for Transportation Corporation A’s services.

      In June 2015, Lambert’s former co-president, Daren Condrey, pleaded guilty to conspiracy to violate the FCPA and commit wire fraud, and Vadim Mikerin pleaded guilty to conspiracy to commit money laundering involving violations of the FCPA. Mikerin is currently serving a sentence of 48 months in prison and Condrey is awaiting sentencing. The indictment includes allegations against Lambert based on his role in effectuating the criminal scheme with Condrey, Mikerin, and others.

      The charges in the indictment are merely allegations, and the defendant is presumed innocent unless proven guilty beyond a reasonable doubt in a court of law.

      The case is being investigated by DOE-OIG and the FBI. Assistant Chiefs Ephraim Wernick and Christopher J. Cestaro and Trial Attorney Derek J. Ettinger of the Criminal Division’s Fraud Section, as well as Assistant U.S. Attorneys David I. Salem and Michael T. Packard of the District of Maryland, are prosecuting the case.

      The Criminal Division’s Office of International Affairs has provided significant assistance in this matter. The Department also thanks its law enforcement colleagues in Switzerland, Latvia and Cyprus for providing valuable assistance with the investigation and prosecution of the case.

      The Criminal Division’s Fraud Section is responsible for investigating and prosecuting all FCPA matters. Additional information about the Justice Department’s FCPA enforcement efforts can be found at http://www.justice.gov/criminal/fraud/fcpa.

      Topic(s):
      Foreign Corruption
      Component(s):
      Criminal Division
      USAO – Maryland
      Press Release Number:
      18-34

  77. On January 14, 2018 at 5:05 pm,
    Excelsior says:

    Charts of The Day: Gold, Silver and EUR/USD

    The Hedgeless Horseman – January 14, 2018

    http://www.thehedgelesshorseman.com/chart-of-the-day/charts-day-gold-silver-usdeur/

  78. On January 14, 2018 at 5:08 pm,
    Excelsior says:

    GLD: Is ‘It’ Happening?
    Jan. 14, 2018 – Viking Analytics

    “On Friday, the dollar index fell to a low not seen since late 2014. Continued weakness in the dollar will lead to inflation in all dollar-based commodities like gold, crude oil and agricultural products.”

    “Next week, the U.S. financial markets will have a shortened holiday week. There are big political issues looming, like a potential shutdown of the U.S. government, and an ongoing battle over immigration reform. As a result, the week ahead could see continued volatility in the U.S. dollar – either up or down. These moves in the dollar will likely affect gold, crude oil and other commodities – one way or another.”

    > Is IT Happening?

    “Is this the beginning of the dollar collapse? Is that why Bitcoin and other cryptocurrencies have risen so far, so fast? Does the pending yuan-based oil futures contract lead to the end of the petro-dollar? Is that why oil has risen so far, so fast? “Is IT happening??”

    https://seekingalpha.com/amp/article/4137422-gld-it-happening

    • On January 14, 2018 at 5:49 pm,
      Dick Tracy says:

      The Federal Reserve is caught in a nasty situation, they have been propping up the stock markets through speculative loans based on securities. What happens now if they raise rates, they risk bringing about a terrific smash in the market and appearing to do so deliberately and wantonly. How much longer will new rates attract speculation, at some point soon the speculators won’t want to pay the fancy rates, but these low rates are killing the economy through inflation. When the crash hits I think we will see a 1930’s style deflationary depression.

      • On January 14, 2018 at 6:18 pm,
        CFS says:

        On what basis is it reasonable to expect a deflationary depression?

        In order to have deflation, we have to have a decrease in money supply.
        Is it reasonable to think this will happen? I don’t think so. Heck, there are even ideas being floated about giving out minimum incomes.

        Is a depression possible?
        A depression is a sustained, long-term downturn in economic activity. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle. A recession is clearly possible, if not probable, but depression? Is it probable that taxation would be increased, as in the ’30s? Is it probable the Federal Reserve will do nothing?

        • On January 14, 2018 at 6:49 pm,
          Matthew says:

          The Dow and the 30 year T-bond fell by more than 80% versus gold from 2001 to 2011; the CRB fell by 80%+ versus gold between 2005 and 2016. So, in real terms, we’ve already had very serious deflation. What’s different this time compared to the 1930s is that savers are being destroyed to help those who have been irresponsible.

          The sheeple should be ashamed of themselves for allowing themselves to be duped by the collectivists who have taken over both parties.

          The always wrong deflationists should be ashamed of themselves for being illogical and incapable of comparing apples to apples when comparing the present to the past.

          • On January 15, 2018 at 8:42 am,
            OOTB Jerry says:

            Ditto………. What’s different this time compared to the 1930s is that savers are being destroyed to help those who have been irresponsible.

      • On January 14, 2018 at 6:53 pm,
        Excelsior says:

        DT – I agree that the FED has painted themselves into a corner where they can’t raise rates to quickly without crushing the system (due to the unfathomable debt burden), and they don’t have far they can drop them in the next crisis.

        It is like a game of chicken that has gone on so long, by perpetually printing and kicking the can down the road with TARP, Quantative Easing, Stimulous programs, and keeping a low to negative real rate environment, that most of the inflation was directed into the equity markets. Those days are waning now though, and as wages rise and more and more evidence of inflation in everyday life shows up, then this is the tipping point.

        It truly is remarkable that they’ve prolonged the pain to the financial system as long as they have since the 2008 crisis, but a decade later, the same systemic problems are still in place and the debt load and money supply has only grown larger.

        What is interesting about past corrective periods is that it is typically something small and seemingly disconnected that starts the ball rolling. We saw a few flare ups just from small countries banking like Iceland, or Greece, or Cyrpess, so when the real poop hits the fan, and the first dominoes start to fall, it won’t worry people at first. However, when the larger pattern of dominoes start tumbling then we’ll see the VIX spike, volatility ripple through the financial sector, and people will realize that markets go both up and down.

        • On January 14, 2018 at 6:54 pm,
          Excelsior says:

          to = too

        • On January 14, 2018 at 7:19 pm,
          Excelsior says:

          Luckily for all of us, the central planners and central bankers are good at stalling the inevitable, so there has been plenty of time to enjoy the runaway stock markets for the last decade in most people’s retirement accounts. (if they had them invested in the US equities, or bothered to save).

          There may still be one stunning climactic chapter where things blow off even more in the DOW, Nasdaq, or S&P 500, but the insane levels of optimism in the main stream investing community is seriously a bell ringing marking the beginning of a top. When people start to actually believe that this time is different and that markets will only go up, is the final piece of the puzzle for a Bear market to be born. When Volatility doesn’t exist and is at record lows, then this is the garden with hubris gets choked out by the thorns and weeds of mean reversion and panic selling when the fear sets in. It doesn’t need to be catastrophic, but a 10-15% correction would know the main stream investors down a peg, and bring a little sanity back to some of the valuations we are seeing today.

          Personally, I’ve been stunned at the performance of the general equities coming out of the 2008/2009 financial crisis and it surpassed any expectations I heard anyone discussing as possible back at that time period.

          In my retirement account I left all my chips on the table and added aggressively for the whole ride up, as I just dollar cost averaged in every month. It was only back during the end of 2017 that I decided to switch up the allocation of funds and move 30% of my retirement into companies outside of the US and in Emerging Markets, as an initial diversification strategy. 70% remains in the circus show of the general equities markets to ride this rally up to wherever it’s heading….. for now. It is diversified across small caps, mid caps, and growth, but there is a growing portion allocated to more defensive funds.

          In my other trading account (that I discuss on here), it is no secret that I’m stocked up on resource companies and energy stocks. While it is good sport to regularly debate the smaller trading patterns, and pip and blips; there is little doubt in my mind that when we look back on this time period in 5 years that it will have been an excellent time to position in the commodity and energy sectors.

          I am prepared to see my trading account eclipse my retirement account over the next 2-3 years, and then I’ll likely pull much of this out and rotate it into real estate for longer term storage. That is the plan at least. You know what they say though about the “best laid plans.” 🙂

          As always – good luck to everyone in their trading. Ever Upward.

          • On January 15, 2018 at 3:29 am,
            Wolfster says:

            All I know is zinc is up nicely along with copper. Gold up too. So it should be ever upward at least today. 😋

          • On January 15, 2018 at 8:23 am,
            Excelsior says:

            Yep – Zinc, Copper, and Gold are having a party and everyone’s invited. (lol).

  79. On January 14, 2018 at 5:59 pm,
    CFS says:

    Is this the beginning of the dollar collapse?
    Not the beginning, but the Quickening.

    Is that why Bitcoin and other cryptocurrencies have risen so far, so fast?
    Not really. Bitcoin has risen far, for a longer time, because it has first-mover advantage and was a good idea. It will possibly retain first-mover advantage, but other better distributed systems and cryptos will evolve.

    Does the pending yuan-based oil futures contract lead to the end of the petro-dollar?
    You betcha, even if not overnight.

    More importantly, as people get out of fiat dollars into real things, we will see inflation and increases in asset values of real things.

    The stock market is historically high by any measures, but, like in the Weimar Republic, that does not mean it cannot get “crazy” higher before a collapse.

    Unlike the portrayers of doom, I do not believe :millions will die” if the U.S. monetary system collapses; there will be disruption for sure, but not a mass starvation, Mad Max scenario.

  80. On January 14, 2018 at 7:07 pm,
    johnnygeneric says:

    I think the analysis of gold vis a vis cryptos is not quite right. My gold holdings remain intact and is at the amount I want it at. I al slowly adding to my holdings.

    At the same time, I’m into cryptos and at times have used that to purchase gold in the last couple of years.

    I am mainly concentrating on mining companies and hace increased my holding of them.

    There are MANY of us out there.

    Cryptos are here to stay. We are seeing a complete re-write of how things in general being handled in the “trustless” system. I think you underestimate the HUGE resources that are being implemented to re-write how we do business.

  81. On January 14, 2018 at 7:13 pm,
    Dennis M. O'Neil says:

    Q is

    • On January 14, 2018 at 7:59 pm,
      Big Al says:

      Q is what, Esq?

  82. On January 14, 2018 at 8:02 pm,
    Markedtofuture says:

    “How To Properly Punch A Nazi” & Other Insane Tidbits From James Damore’s Lawsuite Against Google

    The lawsuit James Damore filed against Google on Monday provides a fascinating glimpse into the way the company and many of its employees see the workplace in terms of a demographic hierarchy, and what happens to those who diverge from the consensus view.

    Details from diversity training sessions, accounts of alleged reverse discrimination, and screenshots of internal communications on company forums and message boards in the lawsuit cast the company culture as extremely hostile to employees with unpopular opinions, especially heterosexuals, men, white people, and those who hold conservative views.

    https://www.zerohedge.com/news/2018-01-14/19-insane-tidbits-james-damores-lawsuit-about-googles-office-environment

  83. On January 15, 2018 at 8:25 am,
    Excelsior says:

    OPTIMUM ENTRY POINT FOR GOLD AND SILVER STOCKS AS MASSIVE NEW SECTOR BULLMARKET SOON TO BEGIN…

    Clive Maund – originally published Thursday, January 11, 2018

    https://www.clivemaund.com/article.php?id=4487

  84. On January 15, 2018 at 8:29 am,
    OOTB Jerry says:

    Just in case some do not get to the next page………Russia GOLD PICTUREs in the Vault.
    https://www.silverdoctors.com/gold/gold-news/move-over-fort-knox-heres-an-actual-look-inside-russias-gold-vaults-at-their-gold-reserves/

  85. On January 15, 2018 at 8:33 am,
    Excelsior says:

    (ANX) (ANXGF) Anaconda Intersects 12.47 g/t Gold over 5.0 Metres at Argyle; Expands Deposit Along Strike
    by @newswire on January 15, 2018

    https://ceo.ca/@newswire/anaconda-intersects-1247-gt-gold-over-50-metres

    • On January 15, 2018 at 8:36 am,
      Excelsior says:

      (BBB) (BXTMF) Brixton Metals Provides Update on its Hog Heaven Silver-Gold Project

      Jan 15, 2018

      Highlights from the 722 holes historically drilled:

      The Hog Heaven project represents a high-grade Ag-Au-Cu-Pb-Zn underground opportunity where gold and base metals add significant value on a Ag equivalent basis

      > Hole AFR-79-5 returned 12.19m of 1,089 g/t Ag and/or 2,330 g/t Silver Equivalent for 114 percent increase when gold, copper, lead and zinc values are included as Ag equivalent

      >Hole AFR-81-8 returned 54.86m of 254 g/t Ag and 411 g/t Ag equivalent for a 62 percent increase when gold is included as silver equivalent, there is no assay data for copper, lead or zinc

      > Analysis of the intervals that were not assayed for base metals may provide additional metal value

      > Notable intercepts are 53.34m of 643 g/t Ag equivalent including 9.15m of 2,226 g/t AgEq in Hole AFR-81-38A and 18.29m of 1,623 g/t AgEq from 106.68m including 9.15m of 2,951 g/t AgEq in Hole AFR-79-5

      https://ceo.ca/@marketwired/brixton-metals-provides-update-on-its-hog-heaven-silver-gold

      • On January 15, 2018 at 8:40 am,
        Excelsior says:

        (MUX) McEwen Mining Reports 2017 Full Year and Q4 Production Results

        Jan. 15, 2018 (GLOBE NEWSWIRE)

        * Q4 2017 Highlights

        – El Gallo achieved production of 19,893 gold equivalent ounces in Q4, successfully recuperating lost production due to equipment failure in July.

        – Black Fox had a good first quarter after the transition to MUX ownership, producing 14,279 gold equivalent ounces.

        – Funding for a $10 million exploration program in the Timmins region, focusing on the Black Fox Complex.

        https://ceo.ca/@nasdaq/mcewen-mining-reports-2017-full-year-and-q4-production

        • On January 15, 2018 at 9:14 am,
          Wolfster says:

          Onwards and upwards…..tv broke out to new 52 week highs too

  86. On January 15, 2018 at 8:51 am,
    Excelsior says:

    (NXE) NexGen Confirms Multiple Broad Zones of Mineralization at South Arrow

    by @newswire on January 15, 2018

    https://ceo.ca/@newswire/nexgen-confirms-multiple-broad-zones-of-mineralization

  87. On January 25, 2018 at 1:37 pm,
    Donald McNary says:

    When it comes to buying and selling of bitcoins, Liviacoins is the must-stop place.