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Pound Plunges By The Most Since March 2020 Versus US Dollar

Pound Plunges By The Most Since March 2020 Versus US Dollar

The pound plunged by the most since March 2020 and hit the lowest in 37 years against the dollar, as the UK government unveiled a fiscal stimulus package that threatens to fuel inflation and stoke the nation’s ballooning debt.

Sterling fell by as much as 3.7% to $1.0840 on Friday, triggering talk among investors about parity with the euro and the dollar and drawing comparisons with emerging markets as the country’s bonds also tumbled.

Investors are questioning how Chancellor of the Exchequer Kwasi Kwarteng will fund the most radical package of tax cuts for the UK since 1972, saying the move would fuel even-higher inflation and force the Bank of England into more aggressive tightening. The reduction in levies both on worker pay and companies will cost as much as £161 billion over the next five years.

“It’s hard to imagine a worse setup for the pound,” said James Athey, investment director at abrdn. “As ever in such EM-esque situations the worry is that once this cat is out of the bag even a return to orthodoxy might not quell the investor rush for the exit.”

That means an end to the pound’s rout may not be in sight. Bloomberg’s options pricing model now shows a one-in-four chance the pound will reach parity with the dollar in the next six months, up from 14% on Thursday. Risk reversals, a barometer of market positioning and sentiment, show that traders see the greatest downside risks for the sterling over the medium term in two years.

Ten-year gilt yields posted their biggest one-day jump on record in Bloomberg data going back to 1989, closing 33 basis points higher on the day at 3.83%.

Bluebay Asset Management LLP chief investment officer and senior portfolio manager Mark Dowding said he’s been short on the pound for “awhile now” and only added to that position Friday.

“We think the government plans will challenge finances and that this will continue to weigh on UK gilts and the pound,” he said, adding the pound can reach parity versus the US dollar and the euro.

The UK’s Debt Management Office increased its gilt sales plan for the fiscal year 2022-23 by £62.4 billion ($69.8 billion) to £193.9 billion to fund the spending. That compares to an estimated £60 billion increase expected by eight banks surveyed by Bloomberg.
 

Trouble Brewing

The last time the pound was this weak was in 1985. Back then, a strong dollar was again putting pressure on global currencies, prompting major economies to reach an agreement to stabilize the foreign exchange market with the Plaza Accord. While a strengthening dollar is again responsible for some of the pound’s decline, many of the currency’s problems today have also been self-inflicted.

Stephen Gallo, head of European FX strategy and Bank of Montreal, said that the pound’s problems “have been brewing for years.”

“In 2020 and 2021 the dollar was clobbered by risk on and Fed stimulus, as well as huge fiscal stimulus just about everywhere,” he said. “Now those factors have gone into reverse and they have been exacerbated by the war in Europe. But as far as G-10 currencies go, the GBP has not had strong currency fundamentals for a long time.”

For Citigroup Global Markets, shorting the pound against the US dollar “is the A trade” as the Federal Reserve pushes rates higher, fueling the dollar. Also the UK’s wide current account deficit calls for a weaker currency, according to the bank.

“The UK has jumped further down the fiscal rabbit hole in the same week the BoE announced active gilt sales. This is GBP bearish,” Citi strategists including Jamie Fahy wrote in a note on Friday.

Meanwhile, JP Morgan Chase & Co. currency analysts Meera Chandan and Patrick Locke lowered their cable target to $1.05 from $1.10 and are recommending shorts on the pound against the dollar and the Swiss franc.

“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” former US Treasury Secretary Lawrence Summers told Bloomberg Television on Friday. “I think Britain will be remembered for having pursued the worst macroeconomic policies of any major country in a long time.”

©2022 Bloomberg L.P.

Time to buy Gold and Silver on the dips

Tim Moseley

Where are the stops? Thursday September 22 gold and silver

Where are the stops? Thursday, September 22, gold and silver

Below are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day).

See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to a trader.

Stop Orders Defined

Stop orders in trading markets can be used for three purposes: One: To minimize a loss on a long or short position (protective stop). Two: To protect a profit on an existing long or short position (protective stop). Three: To initiate a new long or short position. A buy stop order is placed above the market and a sell stop order is placed below the market. Once the stop price is touched, the order is treated like a "market order" and will be filled at the best possible price.

Most stop orders are located and placed based upon key technical support or resistance levels on the daily chart, which if breached, would significantly change the near-term technical posture of that market.

Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.

The major advantage of using protective stops is that, before a trade is initiated, you have a pretty good idea of where you will be getting out of the trade if it's a loser. If the trade becomes a winner and profits begin to accrue, you may want to employ "trailing stops," whereby protective stops are adjusted to help lock in a profit should the market turn against your position.

By Jim Wyckoff

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

Gold sees post-FOMC relief rally safe-haven demand on Russia worries

Gold sees post-FOMC relief rally, safe-haven demand on Russia worries

Gold prices are solidly higher in afternoon U.S. trading Wednesday, after hitting a nearly 2.5-year low earlier in the afternoon. The yellow metal is seeing a “relief rally” after the FOMC meeting statement with no major surprises, an as-expected interest rate increase and Fed Chair Powell’s press conference comments were not deemed more hawkish than the marketplace expected. Also, safe-haven demand is featured in gold and silver after Russia escalated its war efforts and made nuclear threats. The metals bulls were further encouraged late this afternoon as the U.S. dollar index backed well down from its daily high. October gold was last up $24.20 at $1,685.20 and December silver was up $0.737 at $19.92.

This afternoon’s Federal Reserve FOMC statement saw the U.S. central bank raise the key Fed funds rate by 0.75% for the third straight meeting, to a range of 3.0% to 3.25%, in the Fed’s effort to tamp down problematic price inflation. The statement said the Fed sees the Fed funds rate at 4.6% at the end of 2023 and then declining slightly the following two years. The Fed is “highly attentive” to inflation risks, said the statement. The Fed also slightly lowered its forecast for U.S. GDP growth.

The Bank of England also holds its monetary policy meeting Thursday and is also expected to raise interest rates.

Risk aversion remains elevated at mid-week following news that Russian President Putin will partially mobilize more Russian troops to fight in his war with Ukraine, including implying in a speech that he could use nuclear weapons if Russia’s integrity is threatened. One analyst said the longer the war drags on and with Russia making little if any further progress, the more threatened Putin will become, which could prompt the dictator to take more drastic measures to ensure his own survival.

Gold sees new safe haven allure as Putin threatens to use all instruments to defend its territory

Global stock markets were mixed overnight, with Asian shares mostly down and European shares mostly up. U.S. stock indexes are firmer.

The key outside markets today see Nymex crude oil prices slightly up and trading around $84.00 a barrel. The U.S. dollar index is higher but well of its daily high after pushing to another 20-year high early on today. The yield on the 10-year U.S. Treasury note is fetching 3.524%.

Technically, October gold futures bears have the overall near-term technical advantage. However, today’s big “outside day” up on the daily bar chart does suggest the bears are now exhausted and that a near-term market bottom may be in place. Bulls’ next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at $1,700.00 and then at $1,715.00. First support is seen at today’s low of $1,651.50 and then at $1,635.00. Wyckoff's Market Rating: 2.0.

December silver futures bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $21.00. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at today’s high of $19.77 and then at $20.00. Next support is seen at $19.00 and then at last week’s low of $18.77. Wyckoff's Market Rating: 2.5.

December N.Y. copper closed down 425 points at 346.00 cents today. Prices closed near the session low today. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at this week’s high of 355.80 cents and then at 360.00 cents. First support is seen at last week’s low of the September low of 354.40 cents and then at 350.00 cents. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Gold silver feeling the pressure from hawkish central banks

Gold, silver feeling the pressure from hawkish central banks

Gold and silver prices are modestly lower in midday U.S. trading Tuesday. Hawkish monetary policies from the U.S. Federal Reserve and other major central banks of the world have cast a pall over the stock and financial markets at present, but have boosted U.S. Treasury yields and the U.S. dollar index—both of which are competing assets with the safe-haven metals. October gold was last down $4.70 at $1,662.90 and December silver was down $0.148 at $19.205.

Risk aversion remains elevated among traders and investors early this week. Marketplace focus is on the Federal Reserve’s FOMC meeting that begins Tuesday morning and ends Wednesday afternoon with a statement and press conference from Fed Chairman Jerome Powell. The FOMC is expected to remain aggressively hawkish and raise the key U.S. Fed funds rate by 0.75% in the Fed’s effort to tamp down problematic price inflation. Sweden’s central bank today raised its key interest rate by a full 1.0%. The Bank of England also holds its monetary policy meeting Thursday and is also expected to raise interest rates.

Global stock markets were mixed overnight, with European shares mostly lower and Asian shares mostly higher. U.S. stock indexes are lower at midday.

Russia's new gold exchange could challenge LBMA and reveal gold's 'fair' price – Matthew Piepenburg

The key outside markets today see Nymex crude oil prices lower and trading around $82.00 a barrel. The U.S. dollar index is higher in midday U.S. trading. The yield on the 10-year U.S. Treasury note is fetching 3.575% and climbing.

Technically, October gold futures prices are hovering near last week’s nearly 2.5-year low. The gold futures bears have the solid overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at today’s high of $1,678.00 and then at $1,686.30. First support is seen at the September low of $1,651.90 and then at $1,635.00. Wyckoff's Market Rating: 1.0.

December silver futures bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $21.00. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at this week’s high of $19.69 and then at $20.00. Next support is seen at $19.00 and then at last week’s low of $18.77. Wyckoff's Market Rating: 2.5.

December N.Y. copper closed down 70 points at 350.55 cents today. Prices closed nearer the session low today. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at this week’s high of 355.80 cents and then at 360.00 cents. First support is seen at last week’s low of the September low of 354.40 cents and then at 350.00 cents. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Delighted as You Want to Be

Delighted as You Want to Be

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Nearly everybody have listened to the hit solitary 'Don't Fret, Be Happy' by Bobby McFerrin. The song has a very appealing method of conveying its message of being happy to every person. Bobby Mcferiin's simple message surely made a lot of people by telling them not to worry.

Living a satisfied, durable as well as confident life is fantastic, and is likewise good for your health and wellness. Being happy really protects you from the stresses of life. Stress is connected to top causes of death such as cardiovascular disease, cancer cells as well as stroke.

Among the better things ever stated is – 'The only point in life that will always continue to be the very same is adjustment', as well as in our life we have the power to make the needed modifications if we want to. Even if we find ourselves in an intolerable circumstance we can always discover solace in the expertise that it also would alter.

ecosystem for entrepreneurs

Social media network or partnerships are essential to happiness. People are different, accept individuals for who or what they are, avoid clashes, constant debates, and also let go of all type of resentments. If arguments seem unavoidable still try and make an effort to recognize the circumstance and you might simply get along with well with

Joy is in fact discovered in everybody, raising it is a way to make a life a lot more fantastic as well as also healthier.

To be satisfied is fairly easy, simply make a decision to be a pleased person. Abraham Lincoln observed that lots of people for most of the moment can pick how happy or stressed out, just how kicked back or bothered, how brilliant or dull their overview to be. The choice is straightforward really, pick to be pleased.

There are numerous methods through which you can do this.

Say thanks to the taxi motorist for bringing you house securely, thank the cook for a fantastic supper and thank the guy that cleans your home windows. Give thanks to the postman for bringing you your mails, give thanks to the cop for making your location secure as well as give thanks to God for being active.

Information is difficult. Get much less of it. Some people just can not start their day without their daily dosage of news. Try and think of it, 99% of the information we listen to or read is bad information. Starting the day with trouble does not seem to be a reasonable thing to do.

A spiritual link is also recommended. Becoming part of a spiritual group with its singing, rites, chanting, prayers and also reflections promote internal tranquility.

These are the core fundamentals of time management that should be understood to develop a reliable individual time administration skill. These standard abilities can be great tuned better to consist of the finer factors of each skill that can give you that extra reserve to make the results you want.

Laugh and laugh heartily everyday. As they likewise state -' Giggling is the best medication'.

Express your feelings, love, friendship and also enthusiasm to people around you. They will certainly most likely reciprocate your activities. Try not to keep pencil up rage of aggravations, this misbehaves for your health and wellness. Rather find means of revealing them in such a way that will certainly not create even more injury or hurt to anybody.

Achievements are required for all of us, they provide us a feeling of value. Job on points that you feel worthy of your time.

Understanding is a joyous exercise. Attempt and discover something new everyday. Discovering likewise makes us broaden and expand our horizons. And also could also give us even more opportunities in the future.

Run, jog, stroll and do various other things that your body was created. Feeling active.

Stay clear of direct exposure to unfavorable aspects like loud noises, contaminants and also dangerous places.

These are minority simple points you can do daily to be delighted.

And always keep in mind the quote from Abraham Lincoln, he states that, "The majority of people have to do with as pleased as they comprise their minds to be."

Tim Moseley

What Actually Makes You Tick?

"What Actually Makes You Tick?" 10 inquiries you need to ask to on your own: a prep work to self-improvement

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Be all you can be, yet it's not constantly in the Military. I usually see myself as somewhat contented with my life the means things are, yet naturally, it's tough to think about anything else when there are real issues to be reviewed.

Still, I aim for something much deeper and much more purposeful.

So we're all pummelled with troubles. Honestly, it shouldn't also trouble or even impede us from coming to be all we should certainly be. Goals as kids should continue to live within us, although it would certainly be brief or as long as we might hold on to the dream. They claim you can not educate an old pet dog on new tricks … or can they?

ecosystem for entrepreneurs

1. What do I actually desire?
The question of the ages. So many points you intend to perform with your life therefore little time to even tackle throughout the day.

Discover something that you are good at can aid recognize that tiny action towards enhancement. Persistence is vital to know that it is worth it.

2. Should I really alter it?
Today's generation has actually taken an additional level of redefining 'self', or at least that's what the children are claiming. Having a military of adolescent nieces as well as nephews has actually shown me that there are far worse things that they might have had than acne or perhaps even indiscrimination. How does that fit into your way of living?

If history has educated us on one point, it's the life that we have actually gone through. Attempt to see if partying Seventies style wouldn't attract the younger generation, however, dancing becomes part of partying. See them praised after revealing to them how to actually dance than break their bones in break-dancing.

3. What's the silver lining in all of this?
With so much happening around us, there appears to be no space for even considering that light at the end of the tunnel. We can still see it as something positive without going through so much examination. As well as if it's a train at the end of the passage, take it for a flight and also see what makes the world go round!

4. Am I comfortable with what I'm doing?
There's always the easy means and also properly when it concerns choosing what goes with which footwear, handbag, t-shirt as well as whatnot. It doesn't take a genius to see yourself as someone special, otherwise, we'll all be equally the same in everything we do. Selection generates really intriguing as well as exciting inquiries to be tried out.

5. Have I done sufficient for myself?
Have you, or exists something extra you wish to do? Discontentment in every element can be unsafe in big dosages, yet in small amounts, you'll be able to see and also do stuff you might never imagine doing.

6. Am I delighted at where I am today?
It's an unfair inquiry so let it be a solution! The same goes for day-to-day life!

7. Am I interested on the contrary sex?
So perhaps I do not have a response to that, however, that does not imply I can not try it, though. Whether you shape up, transform the means you use your clothes or hair, or perhaps your attitude in the direction of individuals, you should constantly remember it will certainly constantly be for your own advantage.

8. How much could I have?
I suppose in this situation there are no such points on having things way too much or inadequate, yet it's even more on exactly how severely you actually require it. I wish to have lots of money, no denying that, yet the concern is how much are you willing to work for it.

9. What motivates me?
There are so many things that can make every person satisfied, however, selecting one of them may be the hardest component. It's not like you can't have one serving of your favorite food in a buffet as well as that's it.

10. What Truly Makes You Tick?
What actually makes you tick? Always bear in mind, that self-improvement is not just concerning the physical or philosophical change you have to go through, it's something that you truly desire.

Tim Moseley

Gold remains above 1680 a key technical level as traders await the FOMC meeting

Gold remains above $1680 a key technical level as traders await the FOMC meeting

Gold remains relatively muted as market participants await the start of the Federal Open Market Committee meeting tomorrow. As of 5 PM EDT gold futures basis, the most active December contract is currently trading at $1685 with a net gain of $1.50 today. The December contract opened at $1685.40, traded to a low of $1667.60 and a high of $1688.80

This is in contrast to the other precious metals, with palladium futures gaining 5.55%, platinum futures gaining 2.28%, and silver gaining 1.03%. All of the precious metals had fractional gains based on dollar weakness. The dollar index is currently fixed at 109.34 after factoring in a decline of 0.15%.

Market participants are anticipating the Federal Reserve to announce the latest interest rate hike after this week’s FOMC meeting on Wednesday. Beginning in March of this year the Federal Reserve raised the “federal funds rate” for the first time since 2018 by 25 basis points. They continued to raise rates at the May, June, and July FOMC meetings. The net result was the Fed moved rates from near zero to its current level of 225 – 250 basis points. According to the CME’s FedWatch tool, there is an 82% probability that the Fed will raise rates by 75 basis points on Wednesday. This would be the third interest rate hike of 75 basis points this year.

The Federal Reserve has been laser-focused on bringing inflation down to an acceptable level of approximately 2%. However, inflation remains exceedingly hot, and persistent. The CPI index hit a 41-year high in June coming in at 9.5%. The most recent data revealed that inflation remains extremely elevated coming in at 8.3% in August.

The majority of the decline in inflation is directly attributable to lower energy costs, with the gasoline index falling 7.7% in July. However, inflation for other essentials continues to be elevated. Prices for food at home rose 13.5% for the year ending in August.

According to the BLS, “Over that period, prices for food at home increased 13.5 percent, the largest 12-month percentage increase since the period ending March 1979. Food prices away from home increased 8.0 percent for the year ended August 2022, the largest over-the-year percentage increase since an 8.4-percent increase in October 1981.”

12-month cpi table

The graph above shows the 12-month percentage change in four categories in the Consumer Price Index. It clearly illustrates that the Federal Reserve is far from reaching its inflation target of 2% and has had only a minimal effect in reducing inflation even though it raised rates for the last four consecutive FOMC meetings, and will almost certainly enact another large rate hike of at least 75 basis points.

Even with another rate hike, it seems unlikely that the Federal Reserve will bring inflation close to its target level. The consensus among economists and analysts is that the Federal Reserve will raise rates to between 3 ½% to 4% by the end of the year. However, it must be noted that historically the Fed has had to raise rates to equal the level of inflation to effectively reduce inflation. It also must be noted that even the most aggressive rate hikes in the past by the Federal Reserve were accomplished over multiple years.

For more information on our service, simply use this link

Wishing you as always, good trading,
 

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

The Rise Of A Parallel Economy: Entrepreneurialism In Full Swing Challenging The Woke Trend

The Rise Of A Parallel Economy: Entrepreneurialism In Full Swing Challenging The “Woke” Trend 

In the current political climate and apparent age of awareness around privilege and oppression, many of us are questioning and re-examining previously unchallenged ideas. The degree of polarity is exponential worldwide, and derision is rampant among societies. Many are experiencing their freedom, identity, and self-expression being stripped away by the disingenuous elite who want to crush entrepreneurialism and critical thinking. 

The wheels have been set in motion for the Great Reset and Stakeholder Capitalism plans involving ESG, global Digital ID, and a new monetary system by the BIS. NGOs, asset management firms, and the banking cartel working with governments are enforcing mandates of ridiculous restrictions on companies in the name of climate change, hurting businesses and citizens worldwide. 

As is with big tech, specifically social media with its cancel culture oppressing free speech and self-expression. Both sides of the spectrum are in lockstep, trying to kill the entrepreneurial spirit and stifle innovation, which is precisely what they want, all in the name of stakeholder capitalism, with an aim to have complete control, but they won’t win. 

As we are in the very throes of a new satanic age, it’s time to be more creative and more entrepreneurial because the reality is the perplexing big tech and big finance left-wing ideology has created an entire woke industrial complex

That complex doesn't like any form of dissonance: you either abide by their rules on everything from climate change to transgenderism and vaccines to abortion, or you're out. That reality has been slowly growing for 20 years but now moving at a very rapid pace.

A growing number of entrepreneurs are seeing this oppressive dictatorship take hold, and the once thought of as “healthy capitalism” has turned into a “woke crony capitalism.” These brave critical thinkers are standing up for their rights and the people's rights, and they are on the verge of breaking the system. 

Thanks to the internet, cryptocurrency, blockchain technology, and the introduction of independent cloud servers as an alternative to the centralized AWS and the like, entrepreneurs are actually developing a Parallel Economy where we don't have to rely on the system and its corrupt ideology.

The individuals and companies that are rising up have proved it can be done. When the system rejects your views and confiscates your liberties and livelihood, you can continue and thrive outside the system, which is terrifying to the media. In the last decade, big tech, especially the social media giants, has become the gatekeepers of speech. This is a real threat to anyone who disagrees with the government and its power and string puppets. 

Many who have dared to share their views have been canceled on social media, email accounts blocked, bank accounts confiscated, and payment provider boycotts. This is the new system the left-wing is creating. If this insane left-wing crusade continues at the current pace, half of the population will be locked out of the economy entirely. That's what Russia faced when it was sanctioned by various governments and the western banking system. In fact, they created a parallel economy by creating their own banking system. 

People just want to participate in regular normal economic activity without being flagged for not believing in and using pronouns or wishing to use energy that actually works. One of the gracious things about the apolitical environment is that it unites us, irrespective of race, gender, or politics. 

The role of capitalism and an apolitical marketplace in an otherwise divided polity is to provide social forces that result in cohesion across divisions. So as this parallel economy grows, everybody is welcome to participate, with the only requirement being that you have the common sense to see the actual value of freedom.

Some innovators are fed up with woke left-wing intolerance and are the first to step out and take risks by building alternatives to counter an ever-increasing oppressed system. These alternatives cover the many aspects of our lives that the woke culture has infiltrated. 

We’ll review some of these inspiring entrepreneurs and their companies from various sectors pioneering the parallel economy, including financial, dating and relationships, entertainment, social media, and marketing, plus find out how we can participate in building a parallel economy.


Image source: Strive, Media Reel

Strive Asset Management 

The mission of  Strive Asset Management is to “restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics.” They are in direct competition with the asset management giants like Blackrock. They have seen the need to restore capitalism for the people who want to move in the traditional direction of focusing on products and services for profit rather than social agendas or ideologies.  

What Strive finds is that many major companies are not in competition with each other. So they do not take advantage of an opportunity to fill the gap that may arise due to a company's decisions to push agendas that many customers are adverse to and put off from participating.  

Why is that? It’s because the top shareholders are the same for all these companies; they are the woke investors like Blackrock, State Street, and Vanguard. There's a concentration of capital of around $20 trillion that is handled by these three companies alone. They are essentially the puppet masters behind the scenes pulling the strings and effectively mandating through soft power, ensuring these companies adopt their one-sided political agendas. 

So is that the free market where companies are free to do what they want to be sustainable and grow in the interests of product and service excellence? In effect, they're being told by a small group of actors directly doing favors for the government behind the scenes who are in bed with unelected leaders of the WEF to direct corporate America's and corporations' behaviors worldwide.

Entrepreneur, Author, and Co-founder of  Strive Asset Management, Vivek Ramaswamy, says,

“The free market is not free to fix what it's not free to fix. Companies need to have the restraints lifted so that they are able to and be allowed to pursue their own self-interest.” 

Fascism Hurts The Free World

So how do agendas like climate change, ESG, and pushing for a great reset of the world hurt the entrepreneurial and creative spirit? 

As explained by Vivek, one example is Chevron Oil and Gas Company when in 2020, they were forced to adopt a Scope 3 Emissions Cap. The company and its board were against this change, but Blackrock, State Street, and Vanguard voted in favor of it, so the majority supported the proposal, and of course, it was set in motion. 

The Emissions Cap requires not just Chevron to reduce its own emissions but to reduce the emissions of anyone who uses their oil, all the way downstream, including their employees who commute to work and the Amazon truck delivering food to its customers. So that means Chevron as a company is required to take responsibility for everything and everybody that uses its oil. 

It's a problem because Chevron, as a company, cannot exist as it has done if it has to take responsibility for reducing customers using its own product. Why would it ever be in the interest of a business, whether it be a small entrepreneurial business or a legacy company like Chevron, to say, “it's in my interest to force my consumers to use less of the core product that I make?” 

Nefarious Double Standards

That is a fundamentally anti-growth measure. It's essentially a measure opposed to human flourishing delivered through American capitalism. Furthermore, it's not even good for the environment or the alleged effects of climate change because when Chevron drops these projects, some firms in China get to pick them up that have even worse and dirtier oil production. 

It's interesting to note Blackrock doesn't apply the ESG standards to Chinese companies but gets its license to be an asset management builder in China and make a lot of money. And they're doing it while applying these ESG standards to the United States that cripple American energy companies and affect the lives of everyday citizens. 

It’s important to note that these asset management firms use peoples’ retirement funds to invest in their agenda-driven interests that do not serve the people's interests. It’s becoming clear that most people do not want their asset managers advocating for the political agendas they are pushing. 

It's a geopolitical tool and a trojan horse. They’ve used capitalism as a trojan horse to undermine America from within, and China will be the biggest beneficiary at the end of the day. It's the merger of state and corporate power that neither of them could do independently. It's a hybrid of the two together, making it more powerful than either alone. The merger of state and corporate power is the classical definition of fascism.


Image source: Twitter 

The Right Stuff

The Right Stuff is a new dating app co-founded by Daniel Huff. Huff is a Republican who worked at the White House as an adviser for the Trump administration before becoming an entrepreneur. He saw an opportunity and a real need to counter the antagonism and discrimination from many of the dating apps out there today that either promote or enforce left-wing extremist ideology. 

He brings to light how the conservative individual who subscribes to a “live and let live” philosophy has difficulty finding traditional mediums to connect with people. Many dating apps have agendas and ideologies that don’t necessarily fit society's moral values or ethical standards.  

It’s not just antagonism from the users of an app but the platforms' discrimination. One example of platform bias is when joining the community on one of the largest dating apps; it is an absolute requirement that you affirm your support for Black Lives Matter before having access. 

Another is pressing people to add pronouns to their profiles, which has become a contentious issue for many. Also, adding stickers to profiles relaying your interests, even political interests, except all stickers relate to left-wing only. 

According to Huff, the Left has repeatedly stated that if you don’t like how we do things, build your own, so he did! He says the Republicans have been playing catch up for too long with Liberal technology, adding,

“We just don't want to catch up. We want to make a superior product. And we can do that by adding features that no one else has that distinctively set us apart and help to create a parallel economy.” 

 
Image source: Twitter, EricJuly.com 

Rippaverse Comics

Rippaverse Comics is about bringing the industry back to its essence. The unfortunate state of the comic industry with the likes of Marvel and Disney, now owned by mega-corporations, where timeless characters have been bastardized beyond recognition. They are distorted with a leftist message of political and social views incongruent with the age-old narrative or characters. 

A bunch of activists masquerading as writers has infiltrated the industry. They use well-known characters as a medium or vehicle to push their leftist agendas and fundamentally ruin the industry for those who aren't interested in that. 

The corporate entities in control have no loyalty to the reader, the customer, or the legendary comic character that people know well and love. They don't protect or care about the sanctity or legacy of these characters. 

Commentator, content creator, and musician Eric July saw the opportunity and the hole in the market for a comic book company with ethics and standards that put customers first. The company vows to deliver content that doesn’t include current politics or narratives that many comic lovers are fed up with being force-fed. Also, the customers' ethnic backgrounds or genetic makeup are totally irrelevant to them. 

Founder and owner of Rippaverse Comics, Eric July, started this venture in the parallel economy with no external investors, and he has expressed it will remain that way, saying,

“We want to expand in many different avenues, including video games, animation, and maybe even live-action movies. But not if it means selling off our assets; we only answer to the customer.” 

In setting up the company, the project was completely organic. Eric bypassed all major organizations and regular channels when dealing with publishing and distribution and has been very successful in helping creatives and the people behind the scenes at Rippaverse Comics. 

This push to subvert the corrupted mega players has successfully gained tens of thousands of followers and subscribers. The company has surpassed its revenue expectations, so it’s clear there is a growing awareness in society of the evil game woke capitalism is playing. 


Image source: Markethive.com

Markethive Media – The Ecosystem For Entrepreneurs 

Markethive is a prominent contributor to the Parallel Economy in the social media, broadcasting, and inbound marketing spectrum. Thomas Prendergast, entrepreneur, author, artist, and engineer, pioneered the automated marketing concept and was ahead of the curve, initiating a social network in the ‘90s before Web 2.0 social media emerged. 

Thomas Prendergast, Founder, Architect, and CEO of Markethive, anticipated the tyrannous and evil direction of where the world was heading, hence the emergence of the first Blockchain-driven, decentralized social market network that circumvents the injustices forced upon us.  

Markethive is a Divine vision giving back the autonomy and freedom of expression desperately needed to communicate and conduct any business online. With a holistic approach, Markethive enables every individual to realize their potential regardless of what is happening out there.

Thomas expressly states,

“Amid this upheaval, Markethive’s primary objective is providing financial inclusion for all. We have blockchain technology and an integrated entrepreneurial ecosystem where people have privacy, autonomy, and sovereignty. 

They earn income with our native crypto coin (Hivecoin) in many different ways daily, including becoming a shareholder via the ILP, the added staking advantage of our crypto wallet with Markethive Credits, and profiting from the many cottage industries within the Markethive ecosystem. Essentially, it’s the community that owns Markethive and not the hierarchy".

Big venture capitalists or corporations do not fund Markethive. It is for the people, by the people, and of the people who stand for truth, liberty, and freedom. Furthermore, Markethive has removed itself from the centralized giant tech cloud services that have shown themselves as wicked despots and established sovereign cloud server systems, free from dictatorship and an internet shutdown due to censorship. 

These aspiring entrepreneurs and critical thinkers will not acquiesce to the insidious actions of big tech and are part of what is causing real frustration and risk for the woke culture and crony capitalists. Due to the fascism of governments and mega-corporations the world is experiencing, Markethive has its own merchant account and exchange to ensure complete privacy and anonymity. It also eliminates the threat of having your account closed or confiscated by authorities who feel the need to censor you and withdraw your liberties for whatever reason. 

The End Goal

The end goal of the projects is not to create a more polarized economy; through healthy competition and true diversity, the private sector that is depoliticized can bring divided communities together to cooperate in a transparent fashion.

There’s a resurgence of entrepreneurs and a rise of businesses being created to serve the hundreds of millions of customers and users who are tacitly ill-affected from their private sector or feel left behind by this woke trend. And they will do it in an elegant way rather than combative. The winners will be the new businesses that operate according to apolitical principles. 

Much to the chagrin of the authoritarian entities, we are entering a more decentralized age, where everybody wins. The free market is at its finest when we are doing what we love serving other people for the sake of all humanity. 

Entrepreneurs are the lifeblood of innovation, striving for a free and peaceful world. They are critical thinkers, creative and inspirational. They also ‘walk softly and carry a big stick’ and are not easily fooled by the trickery and lies of self-serving dictatorial agencies. 

With God’s help, we will withstand the technocracy that is trying to enslave humanity. There is something greater than the elite, tech giants, and mega-corporations that even they cannot control. Every thinking individual recognizes that something more prominent is taking place. You can be part of the Parallel Economy by joining and disseminating the good news and supporting the entrepreneurs and companies that will bring us into a new Golden Age. 

 

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Tim Moseley

The ‘biggest crash in history’ is here – should you protect yourself with gold silver and livestock? – Robert Kiyosaki

The 'biggest crash in history' is here – should you protect yourself with gold, silver, and livestock? – Robert Kiyosaki

The S&P 500 has lost 18 percent of its value over the year, and it is only going to get worse, according to Robert Kiyosaki, best-selling author of the Rich Dad, Poor Dad series. Kiyosaki suggested that investors protect their portfolios with "hard assets" like gold, silver, and livestock, as the "biggest crash in history" unfolds.

Kiyosaki spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.

"Anything that can be printed, like a stock certificate, a bond, or a dollar, I don't want it," he stated. "I'm a hardcore gold, silver, oil, and food buff… I'm a hardcore hard assets person."

He suggested that these assets are "insurance" rather than an investment.

"My answer is always to buy more gold and silver," said Kiyosaki. "It's not an investment… I buy gold and silver for one reason, because if push comes to shove, I can spend it anywhere in the world."

Kiyosaki's latest book is The Capitalist Manifesto.
 

Food Shortages

In June, Kiyosaki tweeted that canned tuna is the "best investment," as food shortages become more likely. Analysts have suggested that Europe could struggle with food supplies this winter, and Copa-Cogeca, the EU's farmer union, warned of food shortages due to higher energy costs.

Kiyosaki has previously stated that such shortages could reach the United States. He told Makori that he invests in livestock as a hedge against this possibility.

"I invest in Wagyu cattle," said Kiyosaki. "People talk about farmland and all that stuff, but I think cattle are great. You can always eat the thing."
 

Creeping Marxism

Kiyosaki said that Biden's decision to shut down the Keystone XL oil pipeline, under the guise of environmentalism, was a part of a ploy to weaken the middle class, and to bring about Marxism in America.

"Biden is a communist," he said. "When he took the Keystone XL pipeline off, he destroyed the middle class, because civilization runs on fuel and food… He is doing exactly what Marx said to do."

Kiyosaki explained that "socialists come under the guise of being environmentalists," increasing government control over the economy in order to bring about socialism. He also said that Marxists had infiltrated the U.S. education system.

"In 1930, the [Marxists] took over the Columbia University teachers' college," he explained. "Our country is being taught communism via the academic school teachers."

However, Kiyosaki maintained that he would still fight for the freedoms enshrined in the U.S. Constitution.

"I still fight for our freedom," he said. "You want to be a communist? It's your freedom. You want to be a Buddhist? I fight for that. You want to be Christian? I fight for that. I fight for freedom."

To find out Kiyosaki's price target for gold, watch the video above

By Cornelius Christian

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Gold’s week in the red but is silver flashing ‘buy signal’?

Gold's week in the red, but is silver flashing 'buy signal'?

Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020.

The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar and Treasuries up and gold down.

Here's a look at Kitco's top three stories of the week:

3. Gold price hits 2020 pandemic lows as Fed rate hike expectations weigh heavily on precious metal

2. Silver's 'buy signal' and why it is a good idea to hold commodities in recession, Goehring & Rozencwajg weighs in

1. Cathie Wood says Fed is making a mistake as calls for 100bps hike grow, Elon Musk confirms warning
 

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley