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Russia’s Gold Standard a Pipe Dream Why a Gold Standard Is Not Happening – Jeff Christian and Gary Wagner

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Russia's Gold Standard a "Pipe Dream"; Why a Gold Standard Is Not Happening – Jeff Christian and Gary Wagner

According to Jeff Christian and Gary Wagner, Russia did not return to a gold standard after the Ukraine war. And even if they had, a gold standard won't work.

Jeff Christian is the Managing Director of CPM Group, while Gary Wagner is the Editor of TheGoldForecast.com. They spoke with David Lin, Anchor and Producer at Kitco News.

Monetary Policy and Gold

Central banks around the world have been hiking interest rates. The Bank of Canada recently increased its key policy target to 1.5 percent. However, gold's price has remained relatively flat despite such monetary tightening.

Christian is unsurprised that the price has not moved much.

"You still have historically low interest rates," he said. "… And you also have negative interest rates on an inflation-adjusted basis… In addition to that, the increase in interest rates reflects concerns about inflation, which are positive for gold prices."

He remarked that increasing "volatility and uncertainty" are bullish for gold.

Wagner added that the Federal Reserve's asset sales would affect the demand for gold, "They're reducing their balance sheet. Both [higher interest rates and asset sales are] putting a strong effect on the demand side because it's more expensive to do business, more expensive for goods."

Russia's Gold Fix

In March of 2022, the head of Russia's parliament Pavel Zavalny said that countries can pay for Russian resources with gold. Yet the claim that this implies a return to a gold standard is a "Russian pipe dream," according to Christian. "… The reality is that nobody is actually paid in gold, or in fact in rubles, for the most part."

Christian opined that Russia's rhetoric around gold was a "face-saving" measure, and that the Russian energy company Gazprom was simply accepting payment in Euros and converting them to rubles.

 Is global 'slavery' coming? Gold guards against 'total control' – Bob Moriarty

He added that the purported peg of 5,000 RUB to 1 gram of gold is "inaccurate." In the early days of the Ukraine conflict, said Christian, "there was a tremendous demand for gold from investors within Russia, and they were paying a premium to the world price. The 5,000 ruble per gram was a discount to the world price. So the refiners were saying, why would we sell to the central bank at a discount… when we can get a premium by selling to investors? So after about a week or so, the central bank of Russia actually pulled back and said, no, we will buy gold from domestic producers and refiners at a negotiated price relative to the international price… there was no peg."

A Gold Standard Comeback?

Wagner said that a return to a gold standard would be a "hard to an impossible task." He added, "Can we go back to some kind of modified gold standard? Possibly. But an actual gold standard? I don't believe that any country has the ability to back their currency dollar-for-dollar with gold. That would take way too much gold, when you look at the amount of currency in the system."

Christian added, "Let's say I go to a gold standard, and I make my currency convertible," said Christian. "What's happened in the past? Well in the 1960s, the U.S. lost 60-70 million ounces of gold at a fixed price. Prior to that, there were runs on the Bank of England when they had a gold standard."

To find out Christian and Wagner's views on whether a gold standard would tackle inflation, watch the above video.
 

By Kitco News

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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What’s next for gold price after May’s US employment surprise?

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What's next for gold price after May's U.S. employment surprise?

Despite an impressive two-day rally, gold is ending the week flat after the upbeat U.S. May employment report managed to keep the doom and gloom projections about the economy's future at bay.

The gold market hit new daily lows Friday as markets digested U.S. nonfarm payrolls rising 390,000 versus the expected 328,000.

"The May jobs report is showing moderation in economic momentum. However, the sharp declines anticipated by the market recently don't seem to be materializing," TD Securities global head of commodity strategy Bart Melek told Kitco News. "On the margin, this implies that the market may well increase rate expectations. Indeed, rates (nominal and real) across the curve rose following the report. This helped to drive the yellow metal below $1,860/oz at the time of writing, down from around $1,863-66/oz before the report was released."

For gold, the upbeat employment numbers mean that the Federal Reserve can stay aggressive with its planned 50-basis-point rate hikes in June and July, which weighs on the precious metal.

"Markets may have been a little premature to make the assumption that the Fed is not going to be as aggressive. We won't know that for quite some time. So far, economic data is okay," Melek said. "We judge that this report, along with any additional future data showing a steadfast economy, should pull prices back down to the 200dma ($1,842). If data stays firm for a prolonged period, wages remain bid, the yellow metal is likely to fall below $1,800/oz."

Inflation is also very stubborn, forcing the Fed to stay on its hawkish path with QT and interest rates.

"Price pressures are manifesting in services, which are picking up inflation with a lag. As such, input costs from energy to labor costs will manifest. Prices index will remain stubbornly high for a period," warned Melek. "From a central bank perspective, they have to keep that tightening policy ongoing."

The more optimistic data are taking the safe-haven trade away from gold, but the doom and gloom predictions will weigh on risk-on sentiment in the long-term, said OANDA senior market analyst Edward Moya.

"Gold prices edged lower after a robust nonfarm payroll report sent the dollar higher. Traders expected to see a stronger deceleration with job growth, making the Fed pivot away from a half-point rate hike in September (June and July are now widely expected to be 50bps hikes each). The economy is not softening quickly, and that took away the need for safe havens today," Moya said. "Growing doom and gloom calls, however, should keep the precious metal supported over the short-term."

High inflation will support gold prices this summer as investors choose to get rid of "bad money" and buy into "good money," according to Gainesville Coins precious metals expert Everett Millman.

"This week, $1,850-65 flipped from stubborn resistance levels to key support levels for the gold price. The rising global demand for gold reflects a well-established economic principle, Gresham's Law — bad money drives out good money. If you have bad money that is losing its value, you want to spend it as quickly as possible. Gold is good money, hard money, and there is an incentive to keep it," Millman told Kitco News. "Gold is proving to be the preferred store of value given the selloff in stocks and crypto."

However, the Fed's aggressive stance still poses a downside risk to gold, noted Millman. "We can't rule out that QT and rising interest rates will push gold down in the near term," he said. "$1,900 is the next key level for gold to break through. If gold fails at $1,900, it will continue to trade in the mid-$1,800 for the rest of the summer."

Tennessee removes sales tax on gold and silver, only eight states to go

Recession warnings are keeping gold in that mid-$1,800 level, Millman added. "The Jamie Dimon economic 'hurricane' comment, Yellen admitting that she was wrong about inflation. These are not the type of comments that happen when the economy is strong. In any kind of recessionary environment, when people are worried about losing jobs or the value of their wealth, gold is the logical place for money to preserve value."
 

Next week's data

Thursday: ECB rate decision, U.S. jobless claims

Friday: U.S. CPI

By Anna Golubova

Time to buy Gold and Silver on the dips

Tim Moseley

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A strong jobs report supports continued monetary tightening by the Federal Reserve

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A strong jobs report supports continued monetary tightening by the Federal Reserve

A Bloomberg survey of economists indicated that the medium estimate for jobs added in May would show that approximately 318,000 new jobs were added. Additionally, the survey also predicted that the unemployment rate would fall to 3.5%. A Wall Street Journal survey of economists forecasted that employers would add 328,000 jobs in May. The survey also anticipated that the unemployment rate would fall to 3.5%. Both surveys underestimated both the number of jobs added in May 2022 and the unemployment rate.

The U.S. Bureau of Labor Statistics released the latest jobs report which said, “Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined.”

Today’s jobs report infers that economic recovery continues to move forward despite recent actions by the Federal Reserve which is continuing its monetary and quantitative tightening. Beginning in March 2022 the Federal Reserve raised its Fed funds rate for the first time since they were lowered in 2018 to between zero and 25 basis points by ¼% (25 basis points). This was followed by a 50-basis points rate hike at the May FOMC meeting. It is also highly anticipated that the Federal Reserve will continue this trend by raising rates an additional 50 basis points at both the June and July FOMC meetings.

The CME’s FedWatch Tool is currently forecasting that there is a 94.2% probability that the Federal Reserve will move forward with another half a percent rate hike in June and an 87.2% probability that the Fed will raise rates another half a percent during the July FOMC meeting. The net result if these forecasts come to fruition is that the Federal Reserve will have raised its internal Fed funds rate from near zero to 2% in four months.

The reports that carry the greatest weight for the forward guidance of the Federal Reserve are the inflation report (PCE core inflation index) and the monthly jobs report. The Fed will most likely continue to implement both rate hikes and quantitative tightening (a reduction of their balance sheet) as long as inflationary pressures continue at the current elevated levels and the monthly job report does not indicate a strong reduction in new jobs added which would indicate that no major economic contraction occurred increasing the likelihood of a soft landing.

Today’s jobs report resulted in a strong price decline in gold as well as a nominal increase in the value of the dollar. As of 5:15 PM EDT gold futures basis, the most active August 2022 contract is currently fixed at $1853.90 after factoring in today’s decline of almost a full percent (-0.94%) or $17.50. Dollar strength was responsible for roughly 1/3 of today’s decline in gold prices. The dollar gained 0.35% taking the dollar index to 102.185.

The decline today in both gold and silver as well as the gains in dollar value was the direct result of today’s U.S. nonfarm payroll report coming in above expectations. The better-than-expected report paves the way for the Federal Reserve to continue its current forward guidance which includes additional interest rate hikes and continued attempts to reduce its balance sheet which has swelled to nearly $9 trillion to be initiated over the next two FOMC meetings, the next FOMC meeting will begin on the 14th of this month, followed by the July meeting which will begin on the 26th.

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

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What Has The World Health Organization Been Up To Lately? WHO Knows Best??

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What Has The World Health Organization Been Up To Lately? 
WHO Knows Best?? 

There is so much happening in our GOD-given world, and many are distractions to keep us occupied for many reasons. One reason could be that proposals and treaties were being discussed and perhaps even approved by the globalist few without our knowledge or consent. 

Last week, from May 22 to May 28, 2022, the WHO (World Health Organization) held its 75th annual assembly in Geneva. In this assembly, one of the things on the agenda is a proposal for amendments to the international health regulations. Titled – 


Image source: Geneva.usmission.gov 

You can also find the Proposal for Amendments document on the World Health Organization’s website under A75/18.pdf. All excerpts in this article are from this document. Strengthening WHO preparedness for and response to health emergencies. Proposal for amendments to the International Health Regulations (2005)

The results of this proposal will directly impact our lives, especially with what we’ve been through over the past two years. The United States proposed the amendment in January of 2022, and in this article, we’ll briefly interpret the sections in the amendment.

The regulations are not new, but the amendment reinforces some key elements. Some are crucial in what many people think and interpret as a very aggressive chunk into our civil rights and dangerous to our democracies.

Article 5 refers to surveillance and is a requirement for each country to develop its ability to identify, evaluate, inform, and report events according to the regulations within five years.

In layman's terms, besides monitoring medical information, they're asking countries to develop a system that monitors and reports data from airports, border crossings, and water and food infrastructure directly to the WHO surveillance team. 

This system should be able to surveil containers, suitcases, and equipment and isolate potential suspects in spreading disease. They also say that countries that cannot create this infrastructure for surveillance will be able to get assistance in funding.

Article 6: Notification. This section discusses the requirements for countries to notify the world about an event and its source, requiring all information to be routed through the WHO. It also lists organizations that must report to the WHO and requests genetic sequence data reports. 

Article 9: Other Reports. This section is one of the important ones, and I'll come back to it later when explaining the system they're implementing here. This section says that the WHO will no longer depend on the country itself to verify the occurrence of an event in its territory, and it can rely on other sources from other places. 

It’s basically saying that it can declare an event even if the country itself denies it or contradicts the information if the WHO claims to have other sources of information. It also retains the right to maintain the confidentiality of the source so that it can declare an event in any member country without the country's consent and without revealing the source of information. 

Article 10: Verification. This section is also curious about the language's meaning, where they move the language, and the tone to one of a threat, a motif that keeps reoccurring throughout this amendment. This is about the response time of the country once an event or even a suspicion of one is declared either by the country itself or by the WHO.

The country is requested to give an initial reply or acknowledgment within 24 hours and to provide initial information. The WHO will issue recommendations that may include an offer to mobilize international assistance. This means the people from the WHO may descend on the country and act. What is their status legally? What is their Authority? It’s unclear.

After 48 hours from the initial offer to collaborate with the WHO, if the country fails to respond or collaborate, the WHO shall (and that's a new term) immediately share with other member states the information available to it while encouraging the affected state to accept the offer of collaboration with the WHO. 

This is where they're crossing into the threat area, and the language being used is typical of organized crime. It seems like a message with a “cooperate, or else” tone.

Article 11: Provision of information by the WHO. This section is a direct continuation of the previous article, keeping the right to share information about the country suspected of having an event with other countries and parties. Any information can now be shared without consent, including medical cargo flights, passengers, the flow of commodities, etc. 

Article 12: The Determination of the public health emergency of international concern. It also adds public health, emergency of regional concern, or intermediate health alert to the title. 

This title is a long one and probably the most significant red flag in this entire Amendment. It is about who can declare an emergency event or suspicion of one, and it is just one person. That one person, in this case, is the Director-General of the WHO, Tedros Adhanom Ghebreyesus.

He can determine that a potential or an actual public health emergency of international concern is occurring. Take note of the word, potential used – it’s vague language. So the fate of an entire country is in his hands; just one person can shut down an entire country with a nod of his head. Of course, it says, he will consult with the emergency committee and relevant State parties, but that is just to keep the appearance of a democratic process. When in fact, he has all the power to do that by himself. 

Article 13: Public health response. Again, the WHO is offering assistance to any state party in the case of an event, giving only a short time of 48 hours to respond. In case of a rejection, the information will be passed on to other state parties. The WHO can immediately send the team, and in the event of a denial, the state party must provide its rationale for the denial or rejection. 

Article 15: Temporary recommendations. This is more about the deployment of expert teams by the WHO. These teams will have access to basically everything; every site, border crossing, harbors, and data. 

Article18 is about traveling and travel restrictions. It underlines the free passage to health personnel and equipment, exempting themselves from any restrictions and giving themselves a free pass to go everywhere with no interference. 

Articles 48 and 49 are about the one-man show named Tedros Adhanom Ghebreyesus. He will pick the committee members, the duration of their service, pretty much everything. The committee, according to this, is nothing more than a rubber stamp and only gives the appearance of due process when in reality, he decides everything. 

Here we have a new chapter – Chapter 4: The Compliance Committee. Each member state that signs this amendment must establish a compliance committee, which would monitor the level of compliance in the state and report to the WHO. 

It has the right to give the WHO any information regarding the level of compliance, which could include information about vaccinations or any data that measures how much and to what extent the country's people are following the rules and orders of the WHO.

It states the compliance committee shall strive to make its recommendations based on
consensus. This section looks, sounds, and feels like a page from George Orwell’s book, 1984! This is the world they are preparing for us. 

Article 59: Entry into force; period for rejection or reservations. Last but not least, Article 59 says that any state party has only six months for rejection or reservation. Usually, this period is set for two years, but not in this case. 

 

In Summary

So to reiterate all of the above, countries that are members of the WHO are being asked to vote, to hand over their sovereignty to an unelected entity consisting mainly of one person, maybe two, who can decide to declare that there is a health emergency or even a suspicion of one in their territory.

The WHO can then threaten to share all information with other countries if they do not get full cooperation and compliance. For example, if that country's authorities do not agree with the WHO assessment or recommendations, they can send teams to the most sensitive places in your country. They can monitor food and water distribution, inspect the equipment and shipments and perform any test they see fit. 

They can shut down airports and harbors, stop the country's economy, and hold its fate and citizens in their hands. All they need to do is to declare an event. Every aspect of your life will be in the hands of a small group of people that was not elected in any democratic process. 

This type of power that is so concentrated and centralized with such a small group of people is unprecedented and extremely dangerous to what we thought was a free world, particularly in western civilization. 

The technique they use is sophisticated. Firstly, the language keeps it as vague and opaque as possible. What is an event? What is a suspicion of an event? What are the criteria? 

Every aspect of this amendment says one thing, one person will decide. Based on “the WHO knows best,” he will determine the definition of an event. That way, nobody can blame him or the WHO for not following an exact rule and also keeping all the definitions to themselves. 

In 2009, the WHO redefined the term pandemic to suit their needs making it easier to declare it. But the true genius in what and how they're doing it is in a false notion that countries have a choice. Even when they are taking your freedom, they have to maintain a false sense of democracy, as these NGOs know they have no true powers over a country that prides itself as free and democratic. 

Nobody elected them, and of course, they cannot just declare that they are, in fact, in power, and establish a dictatorship like in China, because the collective minds of citizens in the western world are that of freedom, or so they've been told. If they declare anything that contradicts that, people will rise and resist. 

So they need to act more subtly. First, by using fear, anxiety, and constant state of emergency and panic. People living in fear for their lives will be consumed by that and enter into a compliance state. Using the ultimate fear, the fear of death is the perfect leverage. As long as people are in a state of fear, those in power can demand and get anything they want. 

We have seen it in the covid years from the numbers of death attributed to the virus, which was later found to be massively exaggerated. Through to nothing less than crimes and lies surrounding the vaccine that turns out not to be nearly as effective as they claimed, not safe, and not relevant for most people.

As far as the country itself is concerned, they just need to threaten the government. Threaten to take it all away, to close everything. Like a mobster that enters your business, that in a polite voice tells you that you “better play nice or else.” It is extortion, and it’s s clear as day.  

This whole Amendment, everything that preceded it, and everything that will follow all come down to one thing. Like the Godfather stated, “I’m gonna make him an offer he can’t refuse.” They are making us an offer we can't refuse. Why? 

Let’s Pretend…

Let's go into the state of mind of a prime minister or a country's president, and let's just assume that they are honest and not corrupt. Let's assume you lead the country that is probably already in debt to the World Bank. You are dependent on commerce, and business with other countries, and your whole infrastructure, economy, and security depend on your connection with other countries. 

Then one day, according to the WHO, there is an event in your country, some kind of an outbreak. And let's say that no such thing is happening according to your knowledge and investigation. The WHO, which is basically one man, the Director-General, backed by Bill Gates and all the people and entities behind them, tells you that you have 48 hours to decide if you will follow their recommendations—also notifying you that they're sending teams to your country. 

Let's say you try to resist. You disagree, and you do not follow the advice. According to WHO’s document, they can now share this information with other countries. What does it mean? They can warn them that you are a threat and dangerous and that no traffic of either people or commodities should occur in and from your country. 

In effect, you are isolating your country from the rest of the world and bringing everything to a halt. Would you take that risk if you were the leader of that country? Of course not. You’d never get elected again! (Remember, you’re honest and not corrupt. One of the very few, if any.) 

When South Africa signaled Pfizer that they wanted to stop buying vaccines, there was a declaration about a virus mutation called Omicron, which they immediately announced came from, you guessed it, South Africa. The mentality of what they're creating is a herd mentality that no individual, country, or person can leave; the perfect mechanism. 

This is the same mechanism they used with the vaccinations, only in that case, instead of a country, it was the individual. The authorities did not physically coerce people into getting the shots; instead, they were threatened they’d lose their jobs, livelihood, and freedom to travel and attend school. There were fired or dismissed. 

They had their name smeared by the media, calling them anti-vaxxers, and were blamed for everything. That's why so many agreed to get the shots, not for health reasons but for fear of losing everything. 

Ironically, their fear of losing their freedoms caused them to lose their freedoms on a much bigger scale. And that is precisely what this WHO amendment is all about; the same mechanism and covid-19 is just phase one. 

So why is it happening? It's just another brick in the wall of what has occurred over the last couple of years and started long ago. A small, rich, and influential group of people, who actually own most, if not almost, all the commerce in the world, are using these bodies, like the UN and the WEF led by Klaus Schwab, who wants to shape the future. In his own words, “to globalize the world,” he is also not elected by anyone. 

And by the WHO is being used to create this control over countries and people and maintains a state of medical emergency as an excuse to take more freedoms and civil rights away and give governments and corporations more power.

The World Economic Forum (WEF) and their almost insane vision of the world of top-down control. Transhumanism, loss of privacy, total control over the exchange of money, digital passport, social ranking systems, collapsing the middle class, relying on a fixed income provided by them that will be only be given with the demand to agree to any terms they dish out. These are different branches of the same tree, and behind it, all is a group of very wealthy and powerful people who have a plan. 

The current world population of 7.3 billion people who seek freedoms and rights is something that scares them deeply. (And expected to reach 8.5 billion by 2030) They cannot afford anything but complete control over our lives, and the use of technology is one of the ways to implement that. As we've seen throughout the past two years, they used covid as an opportunity, as an excuse to escalate their plans. 

The sheer amount of lies, corruption, and nothing less than crimes against humanity, as far as false information, the vaccines, the way they ignore all vaccine injuries and death. Labeling people who are not playing ball and resisting their agenda as ‘anti-vaxxers’ or “corona deniers” looks like a playbook from every dictator’s manual. 

Bill Gates’ foundation and his Gavi initiative are one of their tools and the biggest donor to the WHO. His foundation is behind every action being taken by the WHO. Gates made billions from investing in covid tests, and he has holdings in what are deemed very unhealthy corporations, such as  McDonald's and Coca-Cola. 

Here’s a snippet of the TED Talk Bill Gates presented in 2010 on the topic of climate issues, CO2, vaccines, and how they plan to slow population growth. He also talks relentlessly about the next plague or disease, which always miraculously shows up immediately after his predictions. He is currently creating a “GERM team.” More control, more fear, and more power. 

Additionally, The world population of 500 million is blatantly displayed and first on the list etched into the monument of the Georgia Guidestones. It seems that it may be all part of the elites’ Agenda 21/30. 

 

Final Results Of The Assembly (for now)

The United States Biden Administration put forward the information about the proposal above. Although some amendments were approved, some smaller nations took the time to read the proposal and saw it was questionable, so the WHO could not pass the amendments the United States submitted at this stage. 

We can consider it a battle won, but not the war. An international health regulations working group was organized, encouraging all nations to submit their amendments by September 20th, to be considered in November, and to be presented before January 2023 for consideration next May at the Assembly. 

Investigative journalist James Roguski took a deep dive into the conference analyzing the complete live stream over the five days and reporting the results. The video below explains further, and full coverage is on his website LeaveTheWHO.com.

 

What Can We Do?

So what can we do? Well, these people get the power from us, pure and simple. As long as we keep playing their game, which is based on “divide and conquer,” they will keep doing whatever they want. But we need to remember without our money, our consumption of what they want us to consume, without our silence, and without our obedience, they have nothing.

New world order is necessary, not the one they're planning, but a world that puts the people first. This 1% of wealthy and powerful people will stop at nothing. They own the media (MSM), entertainment industry, most social media platforms, and information and search engine platforms. 

They are censoring anything that contradicts their wishes and agendas, and that is how they think they control the message and are hell-bent on creating the reality they want. This 1% may own significant corporations and the online media giants that have the monopoly for the time being, but they don’t own Markethive. 

Markethive is the only social media, marketing, and broadcasting platform underpinned by Blockchain technology that is sovereign, built by the people, and for the people. It stands for freedom and liberty with a non-partisan approach, so you’ll never be surveilled or canceled for expressing yourself, thoughts and beliefs. 

It’s the perfect way to get your message out to countless other platforms with the technology to help you “fly under the radar,” so to speak. By sharing any information and raising the issues like the one being told here to the surface, we can counteract their power in attempting to create a sick and dependent society and dystopian reality. 

The only way to defeat their plot is by creating a united world of people who are aware of what's being done and ensuring that people en masse are aware of these crimes and this shadow dictatorship that each day with each play is increasingly coming out of the shadows. 

A united world and the flow of information are their biggest threat. Don't underestimate these so-called overlords or think they care about humanity. But be aware of your personal power and as a collective. Remember, fear is their weapon, and ours is love and unity, and our strength is in numbers and solidarity. You're not alone.

References:
Avi Barak 
James Roguski 
Sarah Westall 

Also published @ BeforeIt’sNews.com:  https://beforeitsnews.com/agenda-21/2022/06/what-has-the-world-health-organization-been-up-to-lately-who-knows-best-3698.html

 

Tim Moseley

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Children Made To Order In Central Europe

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Children Made To Order In Central Europe

 

Before the end of last year, the Ukrainian Ministry of the Interior published a short report that did not even penetrate the Czech media. The police accused six people of a Ukrainian reproduction clinic for the crime of child trafficking. Illegal profit 1-2 million Euro, penalty of 15 years of prison. 

 

Undisturbed, and originally without the interest of the authorities, capital of Czech Republic Prague has become the center of a lucrative business, which police officers refer to as the cynical production and sale of children.

 

In the last three years, at least thirty newborns were born in Prague hospitals, who then – and it was only a few days old  babies – continued all over the world.

 

Slogans from the Ukrainian clinic 

All cases concern the so-called surrogacy: a foreign woman takes away the embryo of real biological parents, the children are born in Prague and here they are also officially transferred to the father – a pre-arranged "buyer" who will take the child.

In this way, foreigners can take a child from the Czech Republic for as little as 60,000 euros, (that is 1,5 million Czech crowns). Among those interested are gay couples and so-called singles, men who have lived without a partner for a long time and state as a motive that their mother wanted a grandson.

 

The service is provided to clients from all over the world by a private clinic based in Ukraine. According to the findings of the Czech web Seznamzpravy, detectives from the National Headquarters against organized crime have been dealing with this case for three years now. According to the first detected case, when the child was taken to Spain, they named the event Operation Spaniel.

 

 

"Children are made to order and for a fee, this is not primarily about providing services for infertile couples who have health complications and cannot have their own children," confirms  spokesman for the National Center against Organized Crime of Czech Republic.

 

For example, one child born in Prague is later lost somewhere in the United States, and it is still being investigated. With others settled in the so-called eggs for transporting infants, people are leaving Prague that no one has checked whether they can take proper care of the child at all. Or whether they are pedophiles.

 

The case, as documented and verified by the Czech journalists, clearly shows that "shops" with newborns can take place in Prague for a simple reason: in the Czech Republic – unlike other countries – there are no clear rules for surrogacy.

According to all verified findings there are two central locations. In addition to Prague, the aforementioned Ukraine – specifically Kharkov, where the reproductive clinic of the Doctor Alexander Feskov is located. In Ukraine, Feskov is a recognized expert in the field of infertility treatment, but also an entrepreneur who has built his successful business on, among other things, artificial insemination services.

 

 

The Kiev Ministry of the Interior says:

"The perpetrators have recruited low-income women to participate in the so-called surrogacy program. The women went to give birth to babies in the Czech Republic… Subsequently, surrogate mothers were forced to pretend to be biological and give up parental rights in favour of foreigners.”

However, according to the findings of Czech police officers, the allegations made in Ukraine did not change much. The business of "producing" children runs as before, albeit on a smaller scale.

Those interested from all over the world can still choose which child they would like in the Kharkov clinic catalog. Race, skin colour, hair colour – nothing is a problem. Not even twins of different genders.

 

Image Source: Dr. Feskov Clinic Website, https://www.mother-surrogate.com/

 

The clinic selects a suitable egg donor from its database accordingly. And then, according to Ukrainian police, the organizers recruit a woman to remove the embryo. At the same time, they take advantage of poor women and pay them a reward of $10,000.

These women, surrogate mothers, then move to Prague before giving birth, where they are taken over by a well-organized team: a nanny, an interpreter and a man who can deal with the authorities. They will register a surrogate mother with a doctor and take out insurance for her…

At that time, the "client" – the future father – usually arrives in the Czech Republic for the first time. During the investigation of the case, Czech detectives came across customers from China, the United States, Norway, Sweden, Germany or Greece.

 

They Pretend To Be A Couple

According to the police, the birth in Prague and the subsequent settlement of official requirements with paternity at the registry office has a reason: the clinic is circumventing Ukrainian law.

In Ukraine the law dictates that the surrogate mother may only take the child to the spouses, provided that the spouses cannot have children and have tried in vain for artificial insemination. Homosexuals are then completely excluded from the possibility of using surrogacy. This is also the answer to why homosexual couples or singles are among the clients of the Kharkov clinic who are "checked in" in Prague.

 

“Another reason is the relatively high level of healthcare at relatively low prices in Czechia – compared to other countries. After the birth of a child, the mother signs a set of documents in which she waives her rights to the child and consents to his / her travel to the father's country, and at the same time signs the power of attorney so that he can perform all legal acts in relation to the child independently," says a spokesman for the National Headquarters against organized crime.

 

"Basically, anyone who has enough money can literally get a child to order," says Lukáš Starý, a Czech representative at Eurojust, the European Judicial Cooperation Unit, which helped organize case investigations across different countries.

However, due to midwifery, newborns and their fathers got out of the sight of the authorities. In Ukraine, the clinic hid her surrogate mother, and in the Czech Republic, she was just an ordinary mother in front of doctors.

According to detectives, the group around the Feskov Clinic was well aware that it could easily circumvent strict Ukrainian laws through Prague. The service was not provided by the clinic directly, but through contracts concluded between fathers and foreign companies.

 

Surrogacy payments then ended up in Cyprus and Swiss accounts belonging to companies that Dr. Feskov does not own on paper, but in fact controls them from the background.

The individual links in the chain, i.e. people at different levels of the group, did not know each other. The organizers also instructed them to remain tacitly silent about the connection with the respected Ukrainian clinic.

Here a comment from the discussion on Czech web:

“It is the culmination of cynicism and parasitism based on corrupt hunger for money, no matter what – morality, society, human beings, children, crazy – all aside when it comes to money, and this is exactly what destroys the world today. Everyone fell ill with money. Corruption in Ukraine is the highest level. 

In terms of corruption, Ukraine is indeed one of the most corrupt countries in the world. The fact is that all the anti-corruption measures that Zelenskyj has taken so far have only been cosmetic…”

 

Czech police think that the case described could persuade politicians to tie surrogacy to clear rules. So far, such paragraphs have not been written.

 

Here more sites and videos on this topic:

German Site:

https://leihmutterschaft-zentrum.de/informationen-ueber-leihmutterschaft.php  

 

Dr. Feskov speaking

https://www.youtube.com/watch?v=yJvteY4KbaY 

 

Balance Guarantee Surrogacy Package with Birth of child in Czech Republic

https://www.youtube.com/watch?v=o5BGtS12Y5M    

Source:

Seznam Zpravy.cz

 

 

Tim Moseley

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Gold pricing -The dollar gives value and the dollar takes it away

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Gold pricing -The dollar gives value and the dollar takes it away

Unquestionably dollar strength or weakness plays an extremely critical role in day-to-day price changes of gold. Intrinsically dollar strength or weakness has an exact correlation to price changes in gold. That is because in North America gold prices are paired against the U.S. dollar. Market sentiment that defines whether traders and investors are bidding gold prices higher or lower is always only partially responsible for gold’s net price change.

Yesterday, market participants were aggressive buyers taking the price of spot gold roughly $24 higher. However, dollar strength played a critical role resulting in a net gain in gold of only $9.10.

Today, we are seeing the exact opposite reflection with dollar weakness resulting in over half of the gains. As of 4 PM EDT spot gold is fixed at $1870 after factoring in a net gain of $23.50. According to the Kitco Gold Index (KGX), dollar weakness accounts for $14 of today’s move, and market participants bidding gold prices higher accounts for the remaining gain of $9.50.

Gold futures basis the most active August 2022 contract is currently fixed at $1873.50 after factoring in today’s gain of $24.90 or 1.35%. Concurrently the dollar index is fixed at 101.785 after factoring in today’s decline of 0.744 points or 0.73%. As in spot gold, today’s gains in gold futures reflect the same ratio with both market participants actively buying and dollar weakness contributing to the overall gains.

This brings us to our current technical analysis of the dollar. The dollar tends to have multi-year cycles of strength and weakness.

The chart above is a two-week candlestick chart of the dollar index. At the beginning of 2017, the dollar completed a dynamic rally beginning in 2014 when the dollar index was trading at approximately 79. Over three years, the dollar hit an apex just above 103 which was followed by a strong price decline from 2017 until January 2018. This correction took the dollar index from 103 down to 88.23. The relative value of the dollar declined by approximately 16%. Following the correction that concluded in 2018, there was a multiyear rally with the dollar gaining value up until the first quarter of 2020 when the dollar reached an apex of 103 once again. Just as in the top that occurred in 2017 what followed in 2020 was a price correction that lasted approximately a year and ½ resulting in a decline in dollar value of approximately 15%. In other words, historically speaking the dollar tends to have extended periods of strength and extended periods of weakness. The latest top that was achieved in the dollar index in w

hich for the third time since 2017 the dollar index hit a top or apex between 103 and 105. As of today, the dollar index has declined from 105 to 101.76.

This brings us to our observation today which is that the U.S. dollar historically will have extended rallies and extended declines which can last a year or more. While past performance does not guarantee that we will witness the same occurrence once again, it does suggest that we could see a decline in dollar value over this next year or longer. If the dollar continues to have defined longer-term trends, then we may see the dollar index decline in this instance. If that assumption proves to be correct it will have a profound impact on gold creating bullish market sentiment for the precious yellow metal.

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Reason to Invest in Bitcoin on 2022

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Reason to Invest in Bitcoin on 2022

bitcoin

The traditional finance industry must embrace cryptocurrencies to continue to function. Your decision to invest in Bitcoin depends on your risk tolerance and perspective on humanity. Russia has stated that it will look into cryptocurrencies as a way to reduce its dependency on the US Dollar. Bitcoin has the potential to completely disrupt the US Dollar and other fiat currencies. Whether not you invest in Bitcoin in 2022 is up to you. Just keep in mind that the cryptocurrency market is highly volatile and speculative.

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Bitcoin is a safe have

The ongoing coronavirus crisis has rattled the global financial system and caused great turmoil. As people face unprecedented health and economic risks, they are looking for safe-haven assets to invest in. Many people are diversifying their portfolios with Bitcoin and other cryptocurrencies to minimize risk. However, others say Bitcoin is not a safe haven asset. What are the pros and cons of investing in Bitcoin? Let's take a closer look.

It is a store of value

As the world becomes increasingly dependent on oil, whether Bitcoin is a store of value is gaining importance. Oil prices have increased and people have traded their fiat currency for it. People in Russia and Ukraine have been trading domestic fiat for cryptocurrency to hedge against rapid inflation. But is the world ready for Bitcoin? Will it survive the current economic crisis? Or will it be left behind in the long run?

It is volatile

If you are wondering why Bitcoin is so volatile, you are not alone. The price of cryptocurrencies can fluctuate dramatically, reaching a high of $70,000 only a few years after its inception. This phenomenon is often attributed to intense sell-offs that cause the price of cryptocurrencies to plummet. The destabilizing effect of such events on derivatives markets has an adverse effect on other markets as well. Bitcoin has experienced high volatility on Thursdays, and these fluctuations can be seen in the market as a whole.

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It is a risky investment

While many investors will say that bitcoin is a risky investment in 2022, this is not entirely true. In fact, it's actually a great time to buy cryptocurrency, and a huge boom could occur if the price continues to rise. Currently, there are six major cryptos with high ceilings, with the others having less institutional backing. In addition, there's also the possibility that some countries will ban bitcoin to protect their fiat currency.

It is a high multiple-tech stock

It is hard to make a convincing case for the bullish case for Bitcoin in 2022, but we are not yet out of the woods. Bitcoin is an incredibly cheap stock relative to other high-growth stocks. This bullish case is dependent on innovative tech. The selloff has already priced in the worst-case scenarios. The group itself remains at a decent value relative to other stocks. Moreover, rising interest rates and uncertain economic recovery are headwinds. Lastly, we have the threat of the disruptive Omicron Covid disruption. All of these uncertainties could create a macro growth scare, and that may not be favorable for Bitcoin.

Tim Moseley

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Extreme dollar strength limits the price gains in gold today

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Extreme dollar strength limits the price gains in gold today

A substantial move in the dollar nullified market participants from bidding the precious yellow metal substantially higher in trading today. As of 6:30 PM EDT gold futures basis, the most active August 2022 contract is fixed at $1849.70. The gains in gold today were largely muted by extreme dollar strength. The dollar gained 0.80%, or 81 points taking the dollar index to 102.58.

The significance of dollar strength can be best illustrated by viewing spot gold pricing through the eyes of the Kitco gold index, which separates the effect of dollar strength or weakness and market participants actively buying or selling gold. In the case of today, spot gold is currently fixed at $1846.70. This screen-print below is of the Kitco Gold Index taken at approximately 5 PM EDT. It has the current spot price of gold fixed at $1846.50, normal trading took gold pricing higher by $22.90 and dollar strength took away $13.80 of those gains resulting in today’s $9.10 price increase.

Both dollar strength and gains in gold pricing today were the byproducts of the market sentiment shifting its focus from inflation rather than raising rates today. It was this market sentiment that resulted in bidding the U.S. dollar higher and also being supportive of gold pricing. Typically, gold and the dollar move in an inverse direction rather than in tandem, as witnessed today.

According to Reuters, “Gold prices rose from a two-week low on Wednesday as investors looked toward the safe-haven metal amid worries over an increase in inflation primarily due to rising fuel prices, although a stronger dollar and higher U.S. yields kept gains in check.”

In a Reuters article penned by Seher Dareen, the author cited oil prices strengthening today after European Union leaders agreed to a partial and phased ban on Russian oil as a major force that will keep inflation at current levels. This article quoted Edward Moya, senior analyst with OANDA as saying, “Investors now are desperate for more safe havens than just treasuries and that is why you are seeing gold outperforming.” Adding that “Inflation cannot really drop if these energy costs are that elevated. So I think the risk of much more aggressive tightening globally could really fuel the gold trade,”

This is precisely why the Federal Reserve’s plan to raise interest rates considerably over the next few FOMC meetings will not impact inflationary pressures brought about by the consistently high cost of energy. Without energy costs subsiding the Federal Reserve will have a difficult task at best at having a real impact on lowering inflationary pressures.

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Gold declines almost 1 flirting with the 200-day Tuesday May 31 2022 18:06

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Gold declines almost 1%, flirting with the 200-day Tuesday May 31, 2022 18:06

Today's price decline results in the second consecutive month of lower prices. On a technical basis, the fact that gold tested and briefly dipped below its 200-day moving average brings up a realistic probability that the long-term market sentiment for gold is neutral to bearish.

As of 4:30 PM, ET. August gold is trading near its low today of $1837.60, and the 200-day moving average is currently fixed at $1846.90. Gold prices hit a low two weeks ago of $1792.80 before recovering and trading back above the 200-day moving average last week. Today gold opened at $1856.50 and traded to a high of $1867.90 before moving lower and breaking below the widely accepted long-term market sentiment study (200-day moving average) on an intra-day basis.

President Biden meets with Chairman Powell and U.S. Secretary of the Treasury Yellen

Today President Biden met with Jerome Powell and Janet Yellen. This is their first meeting since Chairman Powell was confirmed for a second term by the Senate earlier this month. Before the meeting, President Biden made a brief remark stating that this meeting was to "discuss my top priority, and that is addressing inflation."

The obvious agenda was to discuss the extremely high level of inflation. With inflation still at levels not seen for over 40 years.

"My meeting with the Chairman today and Secretary Yellen is to discuss my top priority, and that is addressing inflation in order to transition from historic recovery to a steady growth that works for American families. And my plan is address inflation starts with simple proposition; Respect the Fed, Respect the Fed's independence, which I have done and will continue to do."

White House National Economic Council Director Brian Deese called it, "very constructive ,,, We have run this first leg of the race at a very rapid clip that has put us in the strong position relative to our peers, but this is a marathon and we have to move and shift to stable resilient growth. We can actually take on inflation without having to sacrifice…all of those (labor market) gains."

It has been actions by the Federal Reserve's monetary policy that has resulted in higher yields in U.S. Treasuries and dollar strength. Those factors have pressured gold lower over the last two months. While higher levels of inflation typically result in bullish market sentiment for gold, higher interest rates and dollar strength have the opposite effect. Therefore, market participants have witnessed the pendulum shifting from bullish market sentiment in gold as inflation rose, and bearish market sentiment as interest rates and the dollar moved higher.

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

 

Tim Moseley

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Police State in Slo-Mo

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Police State in Slo-Mo

by Jeff Thomas, International Man Communique

 

20180702-imc-hero.jpg

 

For many years, I’ve forecasted that the US will evolve into a police state; that it will begin slowly; then as more and more freedoms are removed, the creation of the police state will accelerate.

We’re now seeing that acceleration, as more and more Americans are detained, questioned, and having their property confiscated than ever before.

As an example, in 2016, some 20,000 travelers in and out of the US were stopped, often at random. Typically, their baggage was searched, their documents photocopied, access codes to their electronic devices demanded and their files copied. In most cases, no explanation was given, but they were advised that if the search was refused, they would be detained indefinitely.

The following year, in 2017, the number of people detained rose by 50%, to 30,000.

It’s important to note that the travelers were not threatened with arrest, which suggests that the authorities were working on the basis that the Patriot Act of 2001 allows all of the above activities—without cause being given, without a warrant being obtained, without access to a phone call or legal representation being allowed, and that the individuals in question may be detained, indefinitely.

This, of course, is in direct violation of the Fourth Amendment to the Constitution, which states that people have the right "to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures."

However, they are particularly vulnerable when they travel, so the travelers in question are extremely unlikely to refuse. They understand that "indefinitely" means, "until a Supreme Court ruling is passed, overturning the Patriot Act as unconstitutional." If it hasn’t happened yet and isn’t under consideration, it’s safe to say that the level of police state allowed under the Patriot Act is permanent.

Police States have been implemented countless times throughout history. They tend to be most prominent where collectivism has already been instituted.

Wherever collectivism is already firmly established, new crackdowns are generally introduced suddenly. In Germany, in 1938, under existing Nazi rule, Kristallnacht took people by complete surprise. Later, in 1961, under existing Soviet rule, the Berlin Wall went up with no previous announcement. In both cases, the collectivist tyranny was already in place and the people had already successfully been subjugated. These events were merely further losses of freedom.

But what of a country that still enjoys a few of its former freedoms and is in the process of being transformed into a full-blown collectivist state? Well, in such cases, the loss of freedoms is often done in slo-mo.

Another way of describing this is the old adage of boiling a frog. Since a frog will jump out of a pot of hot water, place him in a pot of lukewarm water and slowly turn up the heat. Before he knows it, he’s being boiled to death.
 

 

 

At present, a majority of Americans appear to now understand that they’ve experienced a significant loss of their "guaranteed" freedoms. They’re now worried and, at each new stage of oppression they tend to say, "I’m not happy about this, but I can probably live with it… and, besides, they say that they’re doing it for my own safety."
 

Likewise, when the intention is to convert a country to collectivism, make the early changes in stages. Get the people to accept that the losses of freedom are for the benefit of their safety. Then, the further along you go, the more you can accelerate the process.

However, I think that it’s safe to say that a family returning from a holiday that’s just been isolated from each other, interrogated separately, frisked, had all their belongings pored through and copies of their papers and electronic files taken, without even being told the reason, does not feel as though it’s been done for their safety.

Remember, the 30,000 above were just hoping to reach their destination with no trouble from anyone. A generation ago, they never would have tolerated such a violation of their rights. But now, they submit and accept whatever they’re told to do.

But, upon release, they most likely assumed that the authorities had been looking for something specific. They were not. In recent years, there have been very few actual prosecutions from such Gestapo-like shakedowns, in spite of the copying of documents and confiscation of minor items. The object here is not to prosecute anyone; it is to teach people to submit.

This will be important later on.

What we’re witnessing is a loss of freedom in slo-mo. Just as Germans stood by and accepted Kristallnacht; just as they stood by and watched the Berlin Wall be built that would close off their freedom of migration, the great majority of Americans ultimately will stand by and watch the last of their freedoms be removed, because they’ve already been trained to submit to whatever indignities and restrictions are placed upon them.

After World War II, Lutheran Pastor Martin Niemöller was questioned as to how he and other Germans could possibly have simply stood by and watched as freedoms were removed, resulting eventually in total domination of the German people. He said,

First they came for the Socialists, and I did not speak out because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

Pastor Niemöller was able to make the above statement in 1976, as he was one of the few survivors of the concentration camps.

But, in addition to the above insight, there’s another very significant lesson to be learned here. Historically, whenever a government is instituting the transition into a collectivist state, one of the early warnings is a limitation on travel outside the country (getting the people used to the idea that they don’t have a right to leave). The US has now reached that point. The next development will be to teach them that, by traveling outside of the country, they are automatically suspect. The implication will be money laundering, drug trafficking, or terrorist activities.

Whether it’s accomplished through the use of a physical barrier, such as a wall, or through the intimidation of random searches and interrogations, as is presently underway in the US, or whether it’s simply the appearance of armed guards in ports of exit (like the armed guard in the photo above), the objective is not to obtain copies of your emails to your friends or to go through socks in your luggage. It’s to teach you that your rights have been lost and you are expected to submit to any and all indignities and restrictions imposed on you.

Historically, the end-product is always the same. The final acceptance that you’ve waited too long to leave the increasingly oppressive country—and that you’ve been successfully locked in.

 

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 through the democratization of 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 for example will be releasing 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

The Artist that came out of the Winter