Why Gold Stocks Rallied During the Great Depression


QUESTION: Hi Marty
Can you enlighten us on what happened back in history to gold mining shares in terms of why shares did not collapse during the crash of 1929 compared to what happened to mine shares in 2008?

What happened to the shares held by the public in 1933 when FDR confiscated gold?
So you were safe holding the shares!

GG

ANSWER: You must realize that gold was money under the gold standard. You can see how it declined following the commodity rally during World War I and eventually bottomed in 1924. During the Great Depression, cash was king and as such Homestake rallied into 1930, but then began to break out with the Monetary Crisis in 1931. The sharp rise came in 1934 with the devaluation of the dollar. Therefore, any comparison to modern times is irrelevant since we are not on a gold standard. Gold now responds in the opposite direction of the currency.

Canadian Economy Loses 69,300 Private Sector Jobs in July – Unemployment Rate Increased to 5.7%…


After reviewing the unexpected resignation of Canadian Ambassador to the United States, David MacNaughton, several aspects of the U.S-Canada economic relationship; and the larger political ideological relationship between the far-left in both countries; begins to take a sharper focus.

Justin from Canada has acquiesced to the influence of democrat Speaker of the House Nancy Pelosi, and agreed to postpone any USMCA ratification vote in Parliament until Pelosi gives Justin her approval.  For political purposes, Speaker Pelosi is attempting to stall the USMCA vote in congress, which directly supports China, as long as possible.

When we first reviewed this political quid-pro-quo, we wondered if Justin from Canada was actually willing to hurt his own economy just to assist the political efforts of U.S. democrats.  Unfortunately, the answer is a resounding yes.

OTTAWA—Canada’s unemployment rate rose in July as the economy unexpectedly shed jobs for a second straight month, fueling speculation over a possible Bank of Canada rate cut later this year.

The Canadian economy lost a net 24,200 jobs in July on a seasonally adjusted basis, Statistics Canada said Friday. Market expectations were for a net job increase of 12,500.

Canada’s jobless rate rose to 5.7% in July, up from 5.5% in the previous month. Market expectations were for the jobless rate to remain unchanged at 5.5%

[…] The July jobs report showed the number of part-time jobs declined by 12,600 in July and full-time positions fell by 11,600. The private sector dropped 69,300 jobs, while the public sector added 17,500. (read more)

In relative terms based on the scale of the economy, the loss of 69,300 Canadian private sector jobs, is the equivalent of 700,000 private sector jobs being lost in the United States in a single month.  The scale of the negative economic impact from Justin’s politically motivated economic decision-making is simply stunning.

Meanwhile the growth in both jobs and blue collar wealth/wages amid Main Street USA is booming.  In the same month Canada lost 24,000 jobs, the U.S. gained 164,000 jobs.

Flashback 2017:

The May 1–7, 2017, issue of Bloomberg Businessweek — featuring a picture of Trudeau headlined “The Anti-Trump” — caught President Trump’s attention, according to 4 sources with direct knowledge. Trump tore the cover off the magazine and wrote on it, in silver Sharpie, something to the effect of “Looking good! Hope it’s not true!” according to these sources.  (read more)

In the opaque background of this dynamic, the fingerprints remain visible.

 

Surprising Results – Iowa State Fair Corn Kernel Poll (5:00pm Results)…


The Iowa State Fair has a fun, quirky and non-scientific poll that it does each presidential primary season.  While the results only reflect those fair visitors who choose to participate in placing a kernel of corn in a jar corresponding to their preferred candidate, the results are usually quite accurate when compared to the election results the following year.

After three days of visitors, the results as of 5:00pm show Joe Biden with a considerable lead (24%), followed by Pete Buttigieg and Elizabeth Warren (16%), Kamala Harris (11%), and Bernie Sanders (9%) rounding out the top five:

(Link and More Results Here)

With gaffe prone Biden still holding a lead, it appears Pete Buttigieg is surging, and is now in a stronger Iowa position than national polls would suggest.

Additionally, albeit somewhat anticipated, it’s confirmed the former Bernie bloc has fractured and support amid the communist wing now leaning toward Elizabeth Warren.  Perhaps that explains a rather stark tweet from Che’ Bernie moments ago:

It would appear, Bernie is pulling out the full manifesto in an effort to stop ‘I’ma git me a beer’ Warren from stealing his collective thunder.   The battle of the east coast communists continue…

Meanwhile California’s inauthentic Harris, aided primarily by gender-preferential media sycophants, is finding a way to navigate the west coast pole dance and brings a solid fourth place kernel result.

Interesting stuff…

China Brings Mainland Military Forces into Hong Kong – Protests Cry Freedom…


As the U.S-China trade confrontation continues, China is running out of dollars.  Beijing is burning through cash to prop up its manufacturing industries; and the currency devaluation only exacerbates the problem.  A weak Yuan, makes their exports cheap; but China is an economy of dependency, and relies upon dollars to pay bills.

Against this growing internal financial crisis, videos seem to confirm Chinese military moving into regions around Hong Kong as protests continue.  Hong Kong nationals staged a three-day protest at Hong Kong’s international airport to draw attention to their plight.

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HONG KONG (Reuters) – Hong Kong police fired tear gas at demonstrators in the working class district of Sham Shui Po on Sunday, as yet another day of protest marches turned into a confrontation between police and activists.

Ten straight weekends of increasingly violent protests have plunged Hong Kong into its most serious political crisis in decades, posing a challenge to the central government in Beijing.(link)

Many voices in the west have forgotten the lessons from Tienanmen Square, when the central Chinese government used the Mongolian army regulars to gain control over the protests. The authoritarian Chinese government is communist at its central core; despite the party leadership’s corruption and capitalistic wealth.

Videos show the Chinese military are moving into Hong Kong to position themselves against those voices who are demanding the region remain a free and autonomous open society.

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Kyle Bass

@Jkylebass

chinese army has invaded HK. The PLA is working hand-in-hand with the HK police to brutalize the protestors. They arrived August 1st and continue to multiply in numbers…US Travel advisory in HK.

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2,934 people are talking about this

Kyle Bass

@Jkylebass

In Hong Kong, carrie lam(b) cheng yuet ngor has authorized lethal force against kids protesting for democracy and freedom. But here in the US, our president continues to think HK is “sufficiently autonomous”. Shooting at point blank.

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Kyle Bass

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Kyle Bass

Anti-government protesters unleash chaos across Hong Kong in unprecedented citywide rampage

City leader Carrie Lam warns demonstrators have gone beyond protests to attack national sovereignty, making clear there would be no compromise.

scmp.com

Sunday Talks: Steve Bannon Extensive Interview With Maria Bartiromo…


Former White House chief strategist Steve Bannon appears on Fox News with Maria Bartiromo for a wide-ranging discussion on current political and geopolitical events.

Topics include the U.S-Mexico border security and immigration; the 2020 democrat candidates (announced and unannounced); the bigger geopolitical issues behind the U.S-China trade conflict; Joe and Hunter Biden’s direct financial relationship to the Chinese communist government; the USMCA trade agreement; Trump’s leverage to increase an EU free economic alliance against China; and radical action by dems.

“A single Psilocybin trip” Jordan Peterson talks about Dr Roland Griffith’s research


Published on Apr 1, 2019

“It is simply unprecedented in psychiatry that a single dose of a medicine produces these kind of dramatic and enduring results.” – Stephen Ross, co-investigator, speaking to Scientific American For anyone who doesn’t know, Yes, The thumbnail is paying homage to Infected Mushroom. I would recommend checking out their music @ https://infected-mushroom.com/ Do you want to support his channel? Please go to his website located in the link below: https://jordanbpeterson.com/donate/

 

$h*t Joe Biden Says: “Poor Kids are Just as Talented as White Kids.”


Published on Aug 10, 2019

Former Vice President Joe Biden tells Iowa’s Democratic faithful that “poor kids are just as bright and talented as white kids/” Did he accidentally say what he, and his party, really believe? Is this just the normal $h*t Joe Biden says? Or has the septuagenarian lost his grip. This latest gaffe has even some Democrats wondering about his electability, if not his fitness for office. Should Republicans work to rescue his nomination as the candidate they’d most like to face President Donald Trump. Bill Whittle Now is a production of the Members at https://BillWhittle.com.

 

What if the ‘Red Flag Law’ Targets You: Who Decides to Take Away Your Guns?


Published on Aug 8, 2019

In the wake of mass shootings in El Paso and Dayton, as Republicans move toward backing a national “red flag” law to keep guns out of the hands of the mentally ill, Bill Whittle Now asks “who decides?” What if the new law targets you, and the federal government comes to take your guns away? Before your representative votes, he should watch this video. Bill Whittle Now with Scott Ott comes to you five times each week thanks to the Members who signed up at https://BillWhittle.com/register/

 

Trump Backers Rally in Baltimore to Clean Up “Disgusting Rodent-Infested Mess”


Published on Aug 9, 2019

About 300 backers of President Trump rally in West Baltimore to clean up a neighborhood in Rep. Elijah Cummings’ “disgusting, rat and rodent-infested mess” of a district, as Trump called it recently. Does this random act of kindness provide a template for civic action by conservatives everywhere? WBAL-TV’s Kate Amara showed up with a camera to capture the non-political act for her viewers. You can watch her report here: https://youtu.be/mgB7mtKRllA Thanks to the Members at BillWhittle.com for making this video possible. If you’d like to join their ranks, visit https://BillWhittle.com/register/

Will there Ever be a real Investigation of Epstein’s Death?


Normally, I would not credit anything an Attorney General ever had to say about any case. However, Attorney General William Barr said Saturday: “I was appalled to learn that Jeffrey Epstein was found dead early this morning from an apparent suicide while in federal custody.” The only reason I credit his statement is the fact that he has consulted with the Inspector General about an investigation after Epstein allegedly hanged himself and was found in his jail cell early on Saturday.

Barr continued to say: “Mr. Epstein’s death raises serious questions that must be answered. In addition to the FBI’s investigation, I have consulted with the Inspector General who is opening an investigation into the circumstances of Mr. Epstein’s death.”

The FBI is questionable and only the Office of Inspector General can be trusted to investigate anything (see an investigation by OIG into the FBI).

Any investigation should NOT BE limited to the claimed suicide of Epstein. The OIG should investigate the MCC and how it is used as a tool by the DOJ to abuse prisoners all the time to ensure they retain their 99% conviction rate with the 1% being simply dead.

Another inmate who spent time in the hole told the NY Post it is impossible to hang yourself in one of those cells. There is nothing to tied sheets to and the ceiling is very low. It is not high enough to hang yourself. The lights are on 23 or 24 hours a day. The frosted glass windows offer no view of the outside world. Even the slot on each cell door is kept shut, meaning that inmates see little beyond their solitary cell.

The conspiracy spin is in full force that the Clintons were behind this one which is yet another in a long list of mysterious deaths. However, only some of the names have been unsealed so far. Prince Andrew was named in court documents unsealed from an alleged Epstein victim who claimed he trafficked her to wealthy men including Prince Andrew, lawyer Alan Dershowitz, former New Mexico Governor Bill Richardson, Wall Street billionaire Glenn Dubin, and foreign heads of state. (The men deny these allegations.) The speculation is that there are other high ranking members of Congress who also might be linked. Obviously, there may be a lot more people interested in his silence than just the Clintons.

The alleged victims no longer get their day in court to testify. So if they were going to describe events at Epstein’s trial, forget that. There will be no trial without charging others. So it would be very interesting if the OIG really investigated the MCC.

Oliver Brown worked in MCC and had the courage to come forward to testify what really goes on in MCC. He appeared in the movie even after the FBI visited him two days before the taping demonstrating that the government was tracking the movie crew. Mr. Brown submitted a declaration under oath that the courts simply passed over to protect what goes on in MCC. He declared:

“I believe that in or about early 2001, though I can no longer be sure of the exact date, I was informed by Mr. Marvin Owens, staff attorney for the MCC, of a conversation he had with an Assistant United States Attorney for the Southern District of New York.   Owens informed me that, because Mr. Armstrong held a unique status of civil condemnor, the MCC and USAO could not decide what to do with him.  Mr. Owens informed me, in words or substance, that it was decided that, despite the lack of sufficient evidence against Mr. Armstrong to prove a conviction, Mr. Armstrong should remain at the MCC in civil contempt until he relented, gave in or simply broke down and admitted to the crimes he was accused of.”

It took a lot of courage for Mr. Brown to come forward, but nobody would investigate what took place and certainly, no newspaper will ever report the abuse of human rights taking place in MCC.

Here we had exculpatory evidence withheld from the court and a whistleblower coming forward from inside MCC and my requests to the Department of Justice and the Office of Inspector General for an investigation of the tactics employed in MCC have simply been ignored. For this reason, I have little hope that there will EVER be an investigation into what is taking place in the American legal system. William Barr may be shocked, but who will ever carry out an investigation that would discredit the Justice system?

It will take an avalanche of letters from everyone to the White House before a real investigation will ever be carried out. I will be glad to testify if they ever have the guts to really investigate behind the curtain.