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Is the Food Crisis Over or Just Getting Started?

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Is the Food Crisis Over or Just Getting Started?

by Chris MacIntosh, contributor, International Man Communique

Is the Food Crisis Over or Just Getting Started?

 

Are You Hungry?

Good, according to the central planners. The folks over at the UN stopped destroying the world for a brief few minutes to publish a piece (snapshot below) justifying their behavior and explaining the "benefits" of the famine they’ve engineered.

Not making this up.

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The article remained on the UN website for a day or so before being deleted after it went viral on social media, with people horrified at the truly unbelievable evil. The good thing about this is that as they continue with their predictive programming and NLP (seriously, look into both and it promises to blow your mind), more and more people wake from their trance. Once woken, they realize the incredible danger they are all in. And that is a good thing because you can’t fight an enemy until you understand one exists.

The "great reset" requires a populace beholden to the government and nobody else. As the central planners pursue their agenda of getting there, this is bound to be fraught with an awakening and a lot of angst.

 

The Great Awakening of the Average Joe

While Joe Sixpack doesn’t understand most of these, he doesn’t actually need to.

What Joe does care about is when he can’t afford groceries and when his electricity bill now suddenly wipes out his entire annual disposable income.

And that is enough to provide both pushback and an increasing ability to awaken to the horrors of what comes for him if this communist agenda masquerading as a plan to "save us from climate change" is NOT stopped in its tracks.

And with this realization will come politicians — many who themselves are parasites but doing what comes naturally to them: sensing a shift in the winds and rushing to get in front of it, champion it, and gain support.

Here, take a look. According to France24, Giuseppe Conte, the head of Five Star, said:

I have a strong fear that September will be a time when many families will face the terrible choice of paying their electricity bills or buying food. We are absolutely willing to dialogue, to make our constructive contribution to the government, to Draghi, (but) we are not willing to write a blank cheque.

He’s not wrong, of course, but this is a thug who was a massive contributor to the problems our proverbial "Joe" now faces.

Take a look at this.

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And as we’ve been continuously saying: energy underpins EVERYTHING, which is why Eurozone CPI looks like it just mainlined viagra.

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And this is saying something because as you know the way they measure CPI is, of course, complete hogwash and roughly half the real rate. Check out John Williams’ Shadowstats, where inflation in the US is calculated based on the methodology used back in the ’80s (pre-fraud). It just hit 17.3%. That’s a tad more than the 9.1% print they just tried to trick you with.

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The other thing "Joe" cares about is when the government — under the guise of "saving the planet" — begins the process of stealing up to 50% of the farms in the Netherlands.

 

Reducing Nitrogen Emissions

Under a ridiculous narrative of "reducing nitrogen omissions," the Dutch government is proceeding with a blatant land grab of 30% of the Farmland. It is worth pointing out that air is 78% nitrogen. These morons have literally decided that air is dangerous.

Anyway, the farmers are having none of it and have blockaded roads, airports, and distribution centers. The fishermen have joined in and blocked the ports.

Domestically the Dutch farmers have massive support. Gratefully, people seem to intuitively understand that without them there will be no food. The propaganda is no longer having the desired effect on the populace. What a shame!

Every day a few more people wake to reality, and once you wake, you can’t unsee what you’ve seen. The existing political parties’ credibility is severely damaged. I’ve thought for some years now that if there is to be a shift, it will likely come from third parties. This is true across the Western world, and not uniquely a Dutch thing.

The Farmer–Citizen Movement in the Netherlands is now gaining momentum and size faster than any other.

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Over in France, the Marxist agenda gathers momentum.

France plans full nationalization of power utility EDF

France will fully nationalize EDF (EDF.PA), Prime Minister Elisabeth Borne said on Wednesday, in a move that would give the government more control over a restructuring of the debt-laden group while contending with a European energy crisis.

 

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It is at this point that we should review a little history.

The last head of a European government to be killed and eaten by a mob was Dutch Johan de Witt in 1672, who was mutilated, hung, and had his liver roasted and digested by Orangists in the Hague.

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Davos man deserves at least as much.

In the meantime, Europeans are going to be cold and hungry. Winter is just a few short months away now which brings us to investment implications. The stampede will begin in earnest for food and all those banned products like fertilizer.

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives by democratizing power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com will release its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

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Gold silver down amid weak China economic news bearish outside markets

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Gold, silver down amid weak China economic news, bearish outside markets

Gold and silver prices are solidly lower in midday U.S. trading Monday, on demand concerns for the metals after a batch of weak economic data from China. Sharply lower crude oil prices and a stronger U.S. dollar index to start the trading week are also bearish daily forces working against the metals. October gold futures were last down $19.60 at $1,785.70. September Comex silver futures were last down $0.443 at $20.26 an ounce.

China's central bank this week unexpectedly announced it is lowering interest rates and adding liquidity to China's financial system after some dour economic data reported for the world's second-largest economy. Chinese data on factory output, investment, consumer spending and real estate all weakened in July. The dour China news added to fears of a global economic recession. Covid restrictions and a troubled property market have helped to hobble China's economy in recent months. Other raw commodity prices on Monday also took a hit on the China news, led by a big drop in crude oil prices. China is a major global consumer of raw commodities, including metals. A weakening Chinese economy suggests less demand for raw commodities.

Global stock markets were mixed overnight. U.S. stock indexes are a bit higher at midday.

Ghana's central bank to buy domestic gold in September to strengthen nation's foreign reserves

The key outside markets today see Nymex crude oil prices sharply lower and trading around $88.50 a barrel. The U.S. dollar index is solidly higher in midday U.S. trading. The yield on the 10-year U.S. Treasury note is fetching 2.781%.

Technically, October gold futures bears have the overall near-term technical advantage. A fledgling price uptrend is now just barely in place on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at the August high of $1,814.40. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,725.00. First resistance is seen at $1,800.00 and then at today's high of 1,808.20. First support is seen at today's low of $1,777.60 and then at $1,760.00. Wyckoff's Market Rating: 3.5.

September silver futures bears have the overall near-term technical advantage. A fledgling uptrend on the daily bar chart has stalled out. Silver bulls' next upside price objective is closing prices above solid technical resistance at $22.00. The next downside price objective for the bears is closing prices below solid support at $19.00. First resistance is seen at $20.50 and then at today's high of $20.87. Next support is seen at $20.00 and then at $19.47. Wyckoff's Market Rating: 3.5.

September N.Y. copper closed down 525 points at 361.60 cents today. Prices closed near mid-range. The key "outside markets" were bearish for copper today as crude oil prices were sharply down and the U.S. dollar index was higher. The copper bulls and bears are on a level overall near-term technical playing field. Prices are trending up on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 385.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 330.00 cents. First resistance is seen at last week's high of 371.30 cents and then at 380.00 cents. First support is seen at today's low of 354.60 cents and then at 350.00 cents. Wyckoff's Market Rating: 5.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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Stronger dollar set for weekly loss as traders adjust rate hike bets

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Stronger dollar set for weekly loss as traders adjust rate hike bets

The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal Reserve officials who cautioned the battle against rising prices is far from over.

U.S. import prices declined for the first time in seven months in July on lower costs for both fuel and non-fuel products, data showed on Friday, in the third report this week to hint inflation may have peaked. read more

Another two key inflation measures, for consumer prices and producer prices, cooled in July, data on Wednesday and Thursday showed, prompting traders to pare back views that the Fed will raise interest rates by 75 basis points for a third consecutive time when it meets in September. read more

The dollar dropped more than 1% after Wednesday's consumer price index data, but has reversed some of those losses and is on track for a 0.8% decline for the week.

"While the improvement in inflation dealt the dollar a setback this week, conviction in a less aggressive Fed remains highly fluid, so conseq

uently, it's been tough to keep the dollar down for meaningful stretches," said Joe Manimbo, senior market analyst at Convera.

At 10:35 a.m. Eastern time (1435 GMT), the dollar index was up 0.533% at 105.68 .

The greenback's turnaround followed a steady drumbeat from Fed officials who made clear they would continue to tighten. San Francisco Federal Reserve Bank President Mary Daly said on Thursday she was open to the possibility of another 75 basis point hike in September. read more

"The Fed is going to be inclined to push back against the notion of a premature policy pivot," said Manimbo. "That would threaten to unravel all of the hard work they've done to bring down inflation."

Traders were pricing in around a 36.5% chance of a 75 bps Fed rate hike in September and a 63.5% chance of 50 bps.

The dollar was up 0.4% against Japan's currency, with the greenback at 133.51 yen .

Kit Juckes, head of FX strategy at Societe Generale, said dollar trading was likely to remain "choppy".

"It's not going to be going significantly weaker in a straight line because there’s still a danger than the market has to reprice terminal Fed funds higher, given there’s still plenty of inflation," Juckes said.

The British pound fell 0.745 to $1.2124 versus the dollar. Data showed UK GDP contracted by less than forecast in June, even though an extra public holiday had been expected to cause a big drag. read more

The euro was down 0.54% at $1.0262 . French inflation was up 6.8% year-on-year in July, while for Spain it was 10.8%, the highest since 1984, data showed.

The euro has been weighed down by Europe's struggles with the war in Ukraine, the hunt for non-Russian energy sources and a hit to the German economy from scant rainfall. read more

Commerzbank said in a note it had revised its euro-dollar forecast lower, as it expects a euro-area recession as a base scenario, having previously been a "risk scenario".

The bank said it expects the euro to fall to $0.98 in December and to not recover until later in 2023.

The New Zealand dollar was lifted by expectations of a Reserve Bank of New Zealand rate rise next week.

Reporting by John McCrank in New York; additional reporting by Elizabeth Howcroft in London; Editing by Mark Potter, David Holmes and Alexander Smith

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Tornado Cash Whirlwind: Fed Prohibits US Citizens From Using the Service

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Tornado Cash Whirlwind: Fed Prohibits U.S. Citizens From Using the Service.

Cryptocurrency mixing service Tornado Cash has been blacklisted in the U.S. Now, this has created a whirlwind in the crypto community. It is essential to understand exactly what's happening here as it will have important implications for the industry. However, this is not the first time the U.S. government has imposed a ban on crypto-related companies.

Tornado Cash's blacklisting sparks outrage in the crypto community as the U.S. Treasury sanctions the Ethereum hybrid protocol. The developers working on Tornado Cash and the log itself have been removed from the popular code hosting site Github. Vitalik Buterin has publicly admitted that he used the protocol in good faith, and his supporters have condemned censorship as unconstitutional. At the same time, someone started sending illicit Ethereum from Tornado Cash to a range of celebrities, from Jimmy Fallon to Jake Paul.

Tornado Cash is a firm that allows customers to conceal the origin of their cryptocurrency transactions. The U.S. Treasury Department has banned all Americans from using the website because it played a crucial role in laundering billions of dollars worth of cryptocurrencies. It is one of the main tools hackers use, most notably the $625 million breach of Axie Infinity's Ronin network by North Korea's Lazarus Group in March.

Before I go further, let's dive into the ecosystem of Tornado Cash to understand what the network is about and its functionalities.

Image source: Moralis Academy

What is Tornado Cash?

The blockchain transactions of Ethereum and Bitcoin, the two largest cryptocurrencies in the world today, are fully public and visible. Thanks to this high level of transparency, almost anyone can use their public address to track users' spending behavior. If they wish to disclose their transaction history, they only need user data for a single transaction that occurred.

Of course, the anonymous nature of public addresses doesn't necessarily mean they know users' personal information. Still, this leaves a lot to be desired for more privacy-conscious crypto users. Various privacy-conscious solutions and protocols have been developed to address the "problem" of transparent pseudonyms, but arguably none have been more successful than transaction mixers.

Transaction mixers essentially pool the funds of multiple users with their transactions: before each transaction reaches its intended destination, it is "shuffled." Once this shuffling process happens, it's complicated for anyone to track whose money went where and how much.

In practical use of transaction mixers, the developed protocol increases transaction anonymity by sending numerous random transactions across multiple addresses. However, these transactions can still be tracked in the public ledger, so this is not an entirely successful solution.

Tornado Cash aims to solve the privacy issues of transparent blockchains through private transactions. A fully decentralized, custody-free protocol increases transaction privacy by breaking the chain connection between sender and receiver addresses. To improve privacy, Tornado Cash uses smart contracts to accept ETH and other tokens from one address and allow them to be withdrawn at another.

These smart contracts work as a package, mixing all the deposited funds and generating a private key to prove that you have completed the deposit process. The sender can then use this private key to withdraw the deposited funds to any address at their chosen time. Tornado Cash has grown in popularity due to the rise of cryptocurrency events. It has also become a place to store stolen funds and a haven for many hackers.

Feds Blacklist Tornado Cash

The U.S. Treasury has added Ethereum mixing service to its list of Specially Designated Nationals. In a Press Release published by the U.S. Department of the Treasury, the body added the Tornado Cash website and a long list of Ethereum addresses to its list of Specially Designated Nationals and banned U.S. citizens from using the tool or doing business with the firm.

The announcement added that the state-backed North Korean hacking group Lazarus Group used Tornado Cash to launder more than $96 million after it hacked Harmony Bridge in June. It also said criminals used Tornado Cash to launder money, with $7.8 million stolen in the Nomad Bridge hack.

The Treasury Department's announcement lists some Ethereum addresses related to the Tornado Cash community, including addresses where people can donate money. According to Nansen researcher Andrew Thurman, the list of blocked addresses includes addresses that received funds from Gitcoin, an Ethereum-based platform used to fund open-source projects.

The Treasury Department said the measure was taken because criminals used Tornado Cash to launder money. In April, Tornado Cash said it used a tool from blockchain tracking firm Chainalysis to block U.S. government-approved addresses from using privacy apps. This is not good enough for the U.S. authorities. Brian E. Nelson, Treasury Undersecretary for Terrorism and Financial Intelligence, added:

"Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks."

Ethereum is the network behind the second-largest cryptocurrency by market capitalization, with thousands of tokens running on its blockchain. The native token ETH is trading at just under $1,897 and has a market cap of over $219 billion at the time of this writing.

As a result of this ban, all U.S. individuals and entities are prohibited from interacting with Tornado Cash or any Ethereum wallet addresses associated with the protocol. Anyone who does so faces criminal penalties.

Tornado Cash announced in July that it had fully open-sourced its user interface code as part of its goal of complete decentralization and transparency. Mixer's website includes a compliance tool that allows users to view the source of each transaction.

Image source: Coindesk

Sanctions may not prevent the operation of Tornado Cash itself. Co-founder Roman Semenov explained that the privacy service is designed to work without central control. When he and his team write and release code, the Decentralized Autonomous Organization (DAO) must approve any changes.

He told CoinDesk:

"If the DAO doesn't like what we are doing, then we will be forced to change our approach, and we cannot do it in a way that would satisfy the DAO's demands or expectations… The DAO has no way of forcing us to make those changes because our code base runs on a decentralized network where we don't have to talk to anyone else or ask for permission."

Is the U.S. Government in a Crypto War?

Given the ensuing avalanche of blacklists, does that mean Tornado Cash will only be used by criminals to launder money? Due to the transparency inherent in the blockchain, Tornado Cash offers many other less "illegal" use cases that are common when using traditional fiat currencies.

Recently, defenders of Tornado Cash have launched their offensive against the decision in various ways. First, they drew attention to a glaring logical flaw in the decision: anyone interacting with the Tornado Cash contract was illegal. Individual users cannot reject incoming transactions. Small amounts of cryptocurrency have been sent to well-known public wallet addresses – including those associated with Jimmy Fallon and Shaquille O'Neal – a concern that challenges the Treasury to take action to seize the entire Community.

Congress is deliberating a measure that permits the U.S. Treasury broad authority to prohibit or freeze certain digital assets, particularly if they relate to foreign banking institutions, transactions or if one or more types of accounts are of primary money laundering concern.

But the decision has drawn backlash from many in the crypto community, who see it as a government offense that runs counter to its core values ​​of privacy and autonomy. Crypto attorney Collins Belton tweeted:

"arguably the most significant legal action that has occurred in crypto" and warned that it could produce "absolutely gargantuan ripple effects."

However, this action also suggests that OFAC sanctions, which are intended to more broadly push the introduction of cryptocurrencies into the world's financial system as a way to make payments without going through a trusted third-party financial institution should ultimately bypass it.

A bigger fight may be on the horizon: some prominent crypto lawyers have already begun to float the idea of ​​challenging the decision on constitutional grounds. "Banning software publication is banning speech," said Peter Van Valkenburgh, director of research at Coin Center, at a cryptocurrency conference in Las Vegas.

He also said:

"Even laws that unreasonably chill speech are constitutionally suspect and can be challenged even before enforcement."

The sanctions were particularly notable because they were placed not on a person or particular digital wallet address but on the use of a smart contract protocol, which in the most basic form is just information. The precedent set by these actions is not favorable for open source software development in the sector.

Bottom Line

The Feds’ actions shocked the crypto community just as it was starting to relax and enjoy a summer rally led by Ethereum and the promise of its coming upgrade, The Merge.

The news that the U.S. Treasury Department has banned all Americans from using Tornado Cash crypto-mixing service or any Ethereum wallet addresses tied to the protocol after North Korean hackers allegedly used it to launder stolen crypto funds has once again heightened doubts on the stability of the whole sector.

This news highlights the cryptocurrency market's fragility and the regulators' ability to crack down on service providers for various reasons, particularly national security. While general market conditions appear to be slightly improving, despite contrasting economic data, this news casts a shadow over the cryptocurrency market. It may discourage further investments from people fearing their coin may be the next one to be targeted.

 

 

 

About: Prince Chinwendu. (Nigeria) Rapid and sustainable human growth is my passion, and getting a life-changing opportunity into the hands of people is my calling. Empowering entrepreneurs provides me with enormous gratification. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

Tim Moseley

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Gold will play a big role in the coming global ‘monetary reset’ as US dollar loses its dominance – Maxime BernierCornelius Christian Cornelius Christian

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Gold will play a big role in the coming global 'monetary reset' as U.S dollar loses its dominance – Maxime BernierCornelius Christian Cornelius Christian

A global monetary reset is inevitable, as fiat currencies are being debased due to excessive money printing.The U.S. dollar will be dethroned as the dominant global reserve currency by currencies backed by a basket of commodities including gold, according to Maxime Bernier, Founder and Leader of The People's Party of Canada.

"A commodity-backed money system will happen," he stated. "I don't know when, but a fiat money system cannot live too long. And after many decades, with all this debt and money printing across America and Canada and Europe, it will have to end."

"We need to tell central bankers to have an inflation target of zero," he said. "After that, I believe we need to have a monetary reset internationally, having money that will be based on gold or other commodities, like we had in the 19th Century," said Bernier.

Bernier, a former minister from 2006 to 2015 under Prime Minister Stephen Harper, said that excess money printing and rising federal debt burdens had led to high inflation in Canada. Canada's inflation rate stands at 8.1 percent in June.

"We have inflation because of bad monetary policy," he explained. "We need to balance the budget. We need to stop spending money we don't have."

Bernier served as Minister of State (Small Business, Tourism, and Agriculture), Minister of Foreign Affairs, and Minister of Industry under PM Harper. In 2018, after losing the Conservative Party of Canada's leadership race, he left to start the People's Party.

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

Inflation and Monetary Policy

 

Inflation is a tax, said Bernier, which transfers resources from the working population to the government.

"Now we have inflation in Canada at 8.1 percent, and inflation is a tax," he said. "The average income increase in Canada for this year will be around 5 percent. So every Canadian will be poorer by 3 percent. So we have a new 3 percent tax."

He was critical of Prime Minister Justin Trudeau's spending during COVID-19 lockdowns, saying that "The Bank of Canada was the ATM machine for the federal government," and that now Canadians are paying for this through higher prices.

Since 2010, Bernier has argued in favor of commodity-backed currency systems like the classical gold standard, which the U.S. and Canada adopted in the 19th Century.

"You can see a trend toward de-dollarization right now, with Russia and China and India," he said, referring to BRICS countries' plans to launch a new global reserve currency. "They're looking to have a new currency based on commodities, and maybe on gold… I'm more of a traditional guy, believing in a kind of gold standard that we had in the 19th Century."

The U.S. economy could 'collapse' following a debt crisis; Bitcoin and crypto may help rebuild afterwards – Max Borders

CBDCs

In March, Bernier tweeted his opposition to central bank digital currencies (CBDCs), fiat digital tokens issued and controlled by central banks, which would serve as a form of money.

"There's no way we can trust central bank digital currencies after the seizure of truckers' accounts and Russia's reserves," Tweeted Maxime, referring to the Canadian government's seizure of bank accounts during the anti-mandate Freedom Convoy protests, and Canada's confiscation of Russian assets due to the Ukraine conflict. "[CBDCs] will be used by governments to crack down on dissidents and implement a social credit system as in China."

Canada is currently developing a CBDC, and the United States is researching the concept.

"A central bank digital currency will be a way for the government to control everything that you're doing," Bernier told Makori. "It would be another way to control all our spending and bank accounts. It's another way to be in a totalitarian country. We don't want that and we don't need it."

Bernier pointed to the fact that debit cards and e-transfers already accomplish many of the purported goals of CBDCs.

He emphasized that a "quiet, peaceful revolution" would be needed to thwart the imposition of CBDCs.

"If they are imposing a central bank digital currency, I believe the people will wake up, and I hope they won't be able to do it," he said. "We must inform the population about that, and as a political party, [The People's Party of Canada] that's what we are doing."

To find out Bernier's thoughts on investing in gold and Bitcoin, watch the above video.

By Cornelius Christian

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Traders buy the dip all week reinforcing support for gold futures at 1800

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Traders buy the dip all week reinforcing support for gold futures at $1800

On Monday, August 8 gold futures opened at $1790 and by the close of trading had broken and closed above its 50-day moving average and closed at $1805 per ounce. Throughout the remainder of the week, December gold futures closed above $1800 on a daily chart. That being said, on Tuesday, Thursday and today December gold briefly traded to an intraday low between $1798 and $1799 prompting traders to buy the dip and move gold back

The chart above is a 480-minute candlestick chart of gold futures which shows that in six instances market participants witnessed gold briefly break below $1800 and on each occasion recovered and closed above that key psychological price point. Both the daily and intraday charts demonstrate traders' resolve to buy gold futures on each occasion that they perceived gold had become oversold below $1800.

December gold closed the week near its weekly high of $1824.70 resulting in the fourth consecutive week of gains. Over the last four weeks, gold has traded from a low of $1680 which occurred during the week of July 18, and gained approximately $137 or 7.53% in just four weeks of trading.

As of 5;05 PM, EDT gold futures are fixed at $1818.90 resulting from a net gain of $11.70 or 0.65%. Spot gold also finished solidly higher on the week taking physical gold just above $1800 per ounce for the first time since the beginning of July. Today’s respectable gains occurred despite dollar strength. The dollar gained 0.54% in trading today taking the dollar index to 105.565.

The screen-print above of the KGX (Kitco Gold Index) was taken at 4:29 PM EDT and fixed spot gold at $1801.40 per ounce. This is the first-time spot gold has closed above $1800 per ounce since the week of June 27. Today spot gold closed up by $11.40. However, the real gain minus dollar strength was $21.20 because dollar strength took away $9.80.

There remains genuine concern that the Federal Reserve has interest raised rates over the last four consecutive FOMC meetings. Also, the most recent data revealed a decline in the Consumer Price Index from 9.1% in June to 8.5% in July. In light of a hawkish Fed and a slight decline in inflation the fact that gold futures gained over 7% in four weeks clearly illustrates that market participants continue to be laser-focused on inflation rather than rising rates.

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

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How To Cope With Anxiety

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How To Cope With Anxiety

Over the last two years or more, most of us have been living under tremendous psychological pressure. First of all, the threat of the covid epidemic, which was joined this year by the conflict in Ukraine, the threat of food and energy shortages, and high inflation.

It is not surprising that few people remain calm in this situation, although our psychological disposition to lose balance varies.

However, the principles of how to maintain psychological balance remain the same even in this extremely difficult time as in times of relative calm and peace. A generalized expectation of danger occurs during the stressful condition known as anxiety. The anxious person experiences a state of heightened tension.

Many of us ask the following questions: Will inflation break my budget?

Consumer prices rose higher globally in 2021 than at any time since 1982. For those who have fixed incomes or those who are retired, it can mean hard choices like delaying medical care or eating unhealthily.

The global pandemic caused massive disruption in the workplace and across most industries, so it’s not surprising to find that for many people, it is contributing to financial anxiety.

Experts agree that we do have some power to control the things that are making us anxious when it comes to our money, and that usually means finding a way to earn more of it or spend less. 

When a person evaluates the situation as hopeless, he gives up the activity. This is what manipulators use.

Right now, we live in uncertain times. We don’t know what tomorrow shall bring. The experience Covid-19 has brought made our daily routines completely different from what they are usually supposed to be. Many people began to suffer from death anxiety, and now comes to it the anxiety of lack of money because of the energy crisis.

Financial experts say the most important thing is to understand where your money is going. That means making a budget so you can look more carefully at where you could cut back. If your financial anxiety is rising, then getting control over some costs can be a significant factor in paring it back. 

Will I be able to cover my medical expenses?

Especially in the US, as they age, most Americans worry about covering medical expenses. The survey found they’re the number two factor for financial anxiety for Americans 55 and over. COVID-19 also made many people pause decisions about moving into assisted living centers and retirement communities.

Unlike Australia, the U.S. does not have universal healthcare. Private health insurance costs hundreds of dollars a month, and medical debt is one of the leading causes of bankruptcy in the U.S.

Though the situation with health insurance is different in other parts of the world, the financial problems are generally similar everywhere.

Maintain your mental balance

For many people, life involves an element of anxiety. This is perfectly normal, and in some cases, it is also helpful. When we worry over the current circumstances in our life, things such as finances, work, and family, the worry can lead to well-thought-out decisions and carefully made plans.

When worry becomes overwhelming for our psyche and emotions, it can quickly become debilitating and negative. If you have been experiencing worry in an uncontrollable and excessive way for an extended period of time, there is a good chance that the worry has transformed into anxiety. 

Here are some methods which you can use to avoid the anxious mind setting:

#1. Write About It

You can use this method to ease the stress of negative thoughts and feelings when you have something on your mind but aren’t sure how to let it go. It can help to write about the situation or event causing the anxiety to help you process your thoughts and feelings so that you can work through them. From a scientific perspective, writing activates the right side of your brain, which is the side that processes emotions, letting you understand the situation from a new perspective.

#2. Concentrate on Your Breathing

The task is to slow down your heart rate, which is often the physical accompaniment to anxiety. To start out, try breathing in for four beats and out for four beats. Five minutes of this should even out your breathing and calm the heart. 

#3. Question Your Thoughts 

You can easily forget or simply not notice when your thinking has become negative. By watching and questioning your thoughts, you have a chance to reverse a negative train of thought. It is not always easy; some things just seem fundamentally negative. 

#4. Exercise

Physical activity works as both a long and short-term solution to anxiety. Bringing your body’s activities in line with the activity of your mind will help you balance. From there, you can begin calming your body and mind together and enjoy the endorphin rush that exercise brings.

#5. Aromatherapy

Certain aromas have calming and soothing properties, which create a sense of tranquility when they are in the air. There are many new humidifiers and scented candles available to help you set a relaxing and soothing mood within your house, office, or wherever you are staying. Lavender, Chamomile, and Sandalwood are just a few good options.

More possibilities to fight anxiety

We are living through a historically stressful time, with chronic stress from unrelenting issues. Nowadays, it is still more important to focus on taking care of yourself first by eating a balanced diet, spending time outdoors, and talking with others with similar concerns.

There are more methods that are more time demanding – such as meditation which takes time to master, but it can be a helpful tool for managing anxiety.

Root chakra healing – Let go of fear 

 

 

Other relaxation – Let go of fear techniques may be activities such as yoga or tai chi which are also helpful for promoting relaxation and helping reduce anxiety and stress.

Great and uncomplicated help represent some herbs. Here are a few main ones you can use to maintain your mental health.

Indian ginseng induces calm and harmony

Ashwagandha (withania somnifera) is an evergreen shrub that grows in India, the Middle East, and parts of Africa. It has a long history of use in traditional medicine.

Ashwagandha, or Indian ginseng, is one of the most popular Ayurvedic herbs. It is used to treat bronchitis and asthma, while it also works reliably for rheumatism, psoriasis, or insomnia. This miracle drug also has sedative properties, so it calms the mind and helps the body to better adapt to stress.

Dandelion   

A drink prepared from dandelion (taraxacum) has a positive effect on mental mood and induces a good mood. At the same time, it normalizes the blood pressure level and detoxifies the organism.

A drink prepared from dandelion has a positive effect on mental mood and induces a good mood. At the same time, it normalizes the blood pressure level and detoxifies the organism.

Passionflower     

Passionflower (passiflora) as a safe bet  (an evergreen climbing plant of warm regions, which bears distinctive flowers with parts that supposedly resemble instruments of the Crucifixion)

A climbing plant from the passion family is an indispensable helper for all forms of mental exhaustion. Experts are so enthusiastic about its capabilities that they even compare it to pharmaceutical anti-anxiety drugs in terms of effectiveness. However, unlike them, this treasure does not have any unwanted side effects or the risk of addiction, which is why they recommend it so warmly.

Be mindful of your media consumption

You may want to avoid or decrease the amount of time you spend on news and social media, particularly before bed, and refine your information sources to outlets that offer straightforward facts.

No matter how relentlessly bleak the headlines may become, the ability to recognize what we can change and what we have to adapt to can help to limit our stress response.

Czech psychiatrist Karel Nešpor – Fight against anxiety with a laugh

In this short video above, a famous Czech doctor shows how to combat unpleasant anxious feelings by inducing laughter. It may seem crazy to you, but check him out. He looks like a little Buddha.

“Courage is resistance to fear, mastery of fear, not absence of fear.” 

                                                        – Mark Twain.

 

 

Sources:

 

 

 
 

 

About: Markéta Hálová. (Czech Republic) A crypto enthusiast, keen online marketer and passion for photography. I love interacting with the community of Entrepreneurs at Markethive. I believe in free speech, liberty, sovereignty for all. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

 

 

 

 

 

Tim Moseley

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Gold silver lower amid better risk appetite rising bond yields

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Gold, silver lower amid better risk appetite, rising bond yields

Gold and silver prices are moderately down in midday U.S. trading Thursday, on some pressure from an uptick in trader and investors risk appetite late this week following some U.S. inflation data that was a bit tamer than expected. Rising U.S. Treasury bond yields today are also a negative for the metals. October gold futures were last down $9.10 at $1,794.10. September Comex silver futures were last down $0.437 at $20.30 an ounce.

Today’s U.S. producer price index report for July came in down 0.5%, compared to forecasts of up 0.2% from June and compares to the June PPI report’s rise of 1.1% from May. Year-on-year the July PPI was up 9.8%, which is still hot. On Wednesday the U.S. consumer price index report for July that came in unchanged from June and up 8.5% year-on-year. This week’s U.S. inflation data is prompting some early speculation in the marketplace that inflationary pressures may have peaked and will trend down in the coming months. That has likely somewhat boosted U.S. consumer confidence and boosted the U.S. stock market. Global stock markets were mostly flat overnight. U.S. stock indexes are firmer at midday.

A Worse Financial Crisis than 2008? Peter Schiff forecasts sustained and higher inflation, followed by an implosion of the U.S. dollar

The key outside markets today see Nymex crude oil prices solidly up and trading around $94.50 a barrel. The U.S. dollar index is weaker in midday U.S. trading. The yield on the 10-year U.S. Treasury note is fetching around 2.8%.

Technically, October gold futures bears have the overall near-term technical advantage. However, a fledgling price uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,850.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,750.00. First resistance is seen at today’s high of $1,804.30 and then at this week’s high of 1,814.40. First support is seen at today’s low of $1,788.50 and then at this week’s low of $1,776.20. Wyckoff's Market Rating: 4.0.

September silver futures bears have the overall near-term technical advantage. However, prices are in a fledgling uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $22.00. The next downside price objective for the bears is closing prices below solid support at $19.00. First resistance is seen at this week’s high of $20.83 and then at $21.00. Next support is seen at today’s low of $20.19 and then at $20.00. Wyckoff's Market Rating: 4.0.

September N.Y. copper closed up 515 points at 370.10 cents today. Prices closed near the session high and hit a five-week high today. The copper bulls and bears are on a level overall near-term technical playing field. Prices are trending up on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 400.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 340.00 cents. First resistance is seen at 375.00 cents and then at 380.00 cents. First support is seen at 360.00 cents and then at this week’s low of 353.15 cents. Wyckoff's Market Rating: 5.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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An Insane – and Dangerous – Lesson in Economics

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An Insane – and Dangerous – Lesson in Economics

by Andy Snyder, founder, Manward Financial Digest

 

An Insane - and Dangerous - Lesson in Economics

 

Andy Gets Sick in a Bookstore

We've got to stop going where we don't belong.

We spent some time on the campus of a major university this week.

With some time to burn, we figured we'd take a peek in the student bookstore. We wanted to see what the best and brightest are studying.

Holy smokes…

It left us tasting our lunch for a second time.

We thumbed through an economics book – the sort of stuff our graduate career was filled with.

This one must have been popular. It was promoted in a big display right at the end of an aisle.

Skimming the introduction, we saw what we'd feared might be there. Race, sexuality, and global warming were the buzzwords right up front. Money, the authors said, isn't as important as these issues. Our economic choices, therefore, must be weighted in their favor.

Oh boy. Here comes the welfare state.

 

Ignorance or Deceit?

Forget the dollar going where it's treated best. We apparently now must put it where it will be treated right, just, and fairly.

That's a big swing. And it's a recipe for mighty trouble.

If academia teaches anything but the fact that economics is entirely about self-interest and getting the most for the least, we're doing our students an incredible disservice.

Not only are we lying to them (in the name of silly politics), but we're setting them up for failure and dependency.

Take this recession debate we find ourselves mired in, for instance.

Since last December, we've said a recession would hit this year. Due to inflation, waning consumer savings, and peak employment, a downturn was inevitable.

It happened.

The American economy is smaller now than it was then.

There is no debating the numbers.

But many folks still argue against the idea. The reason is as scary as it is important.

 

Fueling the Gap

Wealth inequality, as many academics are oh so eager to point out, is greater today than at almost any time in American history.

The rich are getting richer, yes. But it's the dying middle class that's suffering the most.

 

 

Image – Share Aggregate Income

Source: Pew Research Center

 

It’s why the stock market can drop 20% – erasing trillions of dollars of wealth – and the political class can – rightly – say the majority of Americans aren’t feeling it.

Because so many citizens have failed to invest in the greatest wealth-generating machine in human history, our lawmakers (they aren’t leaders) can point to a jobs report filled with news of booming demand for workers who are willing to toil for $12 an hour… and claim economic victory.

But the undeniable truth is these folks are not better off, even if they can have their choice of entry-level, unskilled warehouse jobs.

The upper class is in a serious recession. But the vast majority of Americans are so insulated from it, that they don’t feel it.

The changing definition of mediocrity, we suppose, has its merits.

 

The Government “Solution”

Things get worse…

The book we thumbed through more than hinted at the power of the government. Reagan was wrong, it claimed. More government is better.

We just need a government the people trust, it said.

We chuckled at the naïveté. Then we cringed in fear that people actually believe such a thing is possible.

It’s tripe.

They believe that the path to economic equality, freedom, and self-preservation comes in the form of some supreme government that has not only all the answers but also an eagerness to dish them all out… without giving themselves just a little (or a lot) more.

That’s insanity.

History proves the notion is impossible. As the original sin in Eden illustrates, humans do not have the ability to govern without succumbing to corruption.

Just look at the news… and then read a history book (preferably one that’s been banned from a college campus).

 

Bring Back Sanity

If we want all those noble things so many folks are begging our keepers for, we need to not just understand the facts… but also take a strong reality check.

This world is tough – bordering on evil in many corners. We’ve seen it.

We can’t afford to gild the rules of the economy with gold that isn’t there. We need the truth.

We need to focus on independence, freedom from an all-powerful government, and the preservation of the self.

The rest will come on its own. We promise.

We didn’t have to finish the book to know how it ends.

If these agenda-driven scholars have their way, everybody will have less money… but the government will have more.

Sorry, but that never ends well.

Kids… don’t go to college.

Don’t feed those animals.

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives by democratizing power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com will release its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

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Gold silver gain a bit amid slightly tamer US inflation data

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Gold, silver gain a bit amid slightly tamer U.S. inflation data

Gold and silver prices are modestly up in midday U.S. trading Wednesday, in the wake of a U.S. inflation report that came in not as hot as the marketplace expected. Gold prices hit a four-week high and silver prices a five-week high today. October gold futures were last up $3.70 at $1,805.10. September Comex silver futures were last up $0.273 at $20.755 an ounce.

The U.S. consumer price index report for July came in at unchanged from June and up 8.5%, year-on-year. The report was expected to be up 8.7%, year-on-year, after a rise of 9.1% in the June report. Gold prices initially rallied to a four-week high on the news, as the U.S. dollar index dropped sharply and U.S. Treasury yields declined. However, bond yields then ticked back up. Meantime, the U.S. stock indexes rallied amid “risk-on” trading attitudes that also worked to push the safe-haven metals down from their higher levels. After having a bit of time to think about today’s CPI data, traders and investors reckoned that while the data was a bit tamer, it still suggests problematic price inflation that will probably keep the Federal Reserve on its aggressive path of tightening U.S. monetary policy. Thursday comes the producer price index report for July, seen up 0.2% from June and compares to the June report’s rise of 1.1% from May.

For July, seen up 0.2% from June and compares to the June report’s rise of 1.1% from May.

Crypto markets get a boost as the Ethereum merge approaches

Global stock markets were mostly down overnight. In overnight news, China said it has stopped its military exercise around Taiwan, but now says it’s preparing for war. On the economic front, China said its consumer price inflation in July was up 2.7%, year-on-year, which is the highest rate in two years.

The key outside markets today see Nymex crude oil prices up and trading around $91.25 a barrel. The U.S. dollar index sharply lower and hit a four-week low today. The yield on the 10-year U.S. Treasury note is fetching around 2.7%.

Technically, October gold futures prices hit another four-week high today. The gold futures bears still have the slight overall near-term technical advantage. However, a fledgling price uptrend is in place on the daily bar chart to suggest more upside in the near term. Bulls’ next upside price objective is to produce a close above solid resistance at $1,850.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,750.00. First resistance is seen at today’s high of $1,814.40 and then at 1,825.00. First support is seen at today’s low of $1,793.00 and then at Tuesday’s low of $1,788.50. Wyckoff's Market Rating: 4.5.

September silver futures prices hit a five-week high today and scored a bullish “outside day” up on the daily bar chart. The bears have the slight overall near-term technical advantage. However, prices are in a fledgling uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $22.00. The next downside price objective for the bears is closing prices below solid support at $19.00. First resistance is seen at today’s high of $20.83 and then at $21.00. Next support is seen at today’s low of $20.315 and then at $20.00. Wyckoff's Market Rating: 4.5.

September N.Y. copper closed up 665 points at 365.20 cents today. Prices closed near the session high, hit a five-week high and scored a bullish outside day up today. The copper bears have the slight overall near-term technical advantage. However, prices are trending up on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 385.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 340.00 cents. First resistance is seen at 370.00 cents and then at 375.00 cents. First support is seen at this week’s low of 353.15 cents and then at 350.00 cents. Wyckoff's Market Rating: 4.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

The Artist that came out of the Winter