Vice President Mike Pence and NASA Astronaut Buzz Aldrin Celebrate 50th Anniversary of Apollo Moon Landing…


The United States and NASA celebrate 50 years since the Apollo 11 moon landing.  On this incredible anniversary Vice-President Mike Pence and historic astronaut Buzz Aldrin discuss the past (Apollo) and future (Artemis) of space exploration.

Agricultural Loans Declining Right on Target


One of the most fascinating observations I have made over my career has been that the banks always lend at the top and contract lending at the bottom in every market. Going into 1980, banks were calling me to ask if I wanted to borrow money. Recently, I got a phone call from my bank asking, once again, if I would be interested in a loan. This to me is merely a confirmation that we are approaching a major turning point.

When I look at lending into the agricultural sector, the big Wall Street banks are once again perfectly in line with the cycle. They peaked in loans to farmers back in 2015, and have been declining ever since going into 2020. Bank lending to the agricultural sector peaked with the ECM and we will see it bottom in 2020. Our model will be correct in forecasting the next wave, which will be a cost-push inflationary wave. As the agricultural sectors come back to life, thanks to shortages, then the bankers will be willing to lend once again. The banks are the PERFECT indicator of how not to run a business. They make decisions emotionally and always get the economy dead wrong (i.e mortgage-backed securities peaked in 2007)

Back to the Moon: Trump Appointee Fires NASA Veteran to Speed Lunar Mission


Published on Jul 15, 2019

President Trump wants NASA to get Americans back to the moon in five years. To heighten the urgency, NASA administrator Jim Bridenstine — a Trump political appointee — fires William Gerstenmaier, a well-respected 42-year NASA veteran in charge of human space exploration. Will this sudden move light a fire under the bureaucracy, or did we just lose four decades of institutional knowledge jeopardizing our safe return to the lunar surface? Should NASA get our of the business of human space transportation? Bill Whittle Now, with Scott Ott, comes to you free because a growing group of committed conservatives pays for its production. If you’d like to step up as a producer and join them, visit https://BillWhittle.com/register/

 

The US Treasury Does Have the Constitutional Right to Mint Coins


QUESTION: Marty, You are wrong. The US Treasury can create the money as the Constitution says it can. Article I, Section 8, Clause 5. The Congress shall have the Power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.

To coin is used as a verb. At the time the Constitution was written, to coin money meant to create or to make money. Today’s Dictionary defines to coin as a verb meaning to make or to invent.
Why did you fail to mention this in your Blog today?
TD

ANSWER: Yes, you are correct. I suppose I was referring to the 99.99% of the money supply rather than the coins put into circulation by the US Treasury. President Nixon only closed the gold window in 1971. He did not demonetize “gold” as money under the Constitution. Yes, technically the US Treasury can coin money, but it coins today’s coins. The Fed does not do that. The coinage it creates is minimal in comparison to the overall scheme of things. Since 1913, the printing of currency has been delegated to the Federal Reserve. Prior to 1913, the Treasury issued the paper currency which was backed by coins.

This was the last issue of paper currency issued by the United States Treasury in 1913, the year that the Federal Reserve Act was passed.

Note that in 1934, the Fed actually issued $10,000 bills

Watch SpaceX launch 60 Starlink satellites in ONE launch!


Everyday Astronaut

Streamed live on May 23, 2019
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SpaceX will be launching 60 demonstration satellites for their Starlink Internet constellation. The Falcon 9 will launch from Space Launch Complex 40 (SLC-40) at the Cape Canaveral Air Force Station (CCAFS). The first stage booster for this mission is B0149. It is flying its third mission, it previous launched the Telstar 18V satellite in September of 2018 and flew the Iridium 8 mission in January of this year. It will be landing approximately 621 km (385 miles) downrange on the Autonomous Spaceport Drone Ship (ASDS), Of Course I Still Love You (OCISLY). This will be one of the farthest downrange landing locations for a Falcon 9 so far. Want more info? We’ve got you covered! Check out our Prelaunch Preview for this (and upcoming) mission(s)! – https://everydayastronaut.com/prelaun…

Artificial Intelligence: it will kill us | Jay Tuck | TEDxHamburgSalon


Published on Jan 31, 2017

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For more information on Jay Tuck, please visit our website http://www.tedxhamburg.de US defense expert Jay Tuck was news director of the daily news program ARD-Tagesthemen and combat correspondent for GermanTelevision in two Gulf Wars. He has produced over 500 segments for the network. His investigative reports on security policy, espionage activities and weapons technology appear in leading newspapers, television networks and magazines throughout Europe, including Cicero, Focus, PC-Welt, Playboy, Stern, Welt am Sonntag and ZEITmagazin. He is author of a widely acclaimed book on electronic intelligence activities, “High-Tech Espionage” (St. Martin’s Press), published in fourteen countries. He is Executive Producer for a weekly technology magazine on international television in the Arab world. For his latest book “Evolution without us – Will AI kill us?” he researched at US drone bases, the Pentagon, intelligence agencies and AI research institutions. His lively talks are accompanied by exclusive video and photographs. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

How to defend yourself against misleading statistics in the news | Sanne Blauw | TEDxMaastricht


Published on Nov 3, 2016

Numbers are being used every day. In the news, in politics, in our jobs, and even in our social interactions. They are used to convince, explain, but also to deflect from what is truly happening. Too often, numbers appear as abstract, objective and difficult. Sanne Blauw’s mission is to make the world of numbers accessible to all. Sanne has broken most stereotypes about someone interested in mathematics throughout her life. From working at the OECD, to being a member of her University Council, to becoming a journalist. Sanne is far more than what most people would expect from a person with a PhD in econometrics. She strives to convince all of us to second-guess the numbers that shape our worldview. This talk is a must for all who work in journalism. Sanne Blauw is journalist for De Correspondent. She obtained a PhD degree in econometrics at the Tinbergen Institute and the Econometric Institute of the Erasmus University Rotterdam. Using various quantitative methods, she combined applied micro-econometrics, psychology and development economics. Sanne is convinced that a better understanding of statistics would make the world a better place. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

Thailand the New Safe Haven?


The dollar decline against the Thai Baht is starting to impact both a trading perspective as well as economic. Thailand’s central bank is worried about the decline in the greenback against baht. They fear that the U.S. keeps a watchful eye out for signs of unfair currency policies. Indeed, the bureaucrats are clueless with respect to currency trends and prefer to chalk it up to the political manipulation rather than free market movement. Bank of Thailand officials intensified verbal intervention trying to create resistance in the baht as Senior Director Don Nakornthab announcing he was “worried” last week about the monetary authority and how they were thinking about how the dollar can be supported. He also came out and spoke of a possible interest-rate cut.

The baht has climbed 8.3% against the dollar in the past year and has been the best performer globally, It’s viewed as a safe haven given Thailand’s history of current-account surpluses and near-record foreign reserves. However, Thailand has also become a destination for many people seeking shelter from the West. Those seeking to retire have found a safe place to hide and the capital inflows have been rather strong. Thailand has also been regarded as a safe-haven from many within Asia as well, and that includes Japanese.

Trump’s Federal Reserve nominee Judy Shelton & Gold


QUESTION: Hello

Where do you guys see as the next World economic conference in 2020?. Will there be another one in Asia? or Europe?

Also, I wanted to try to give this question to Marty, although I never had the luck to get his response… more than once. “Trump just announced to nominate Judy Shelton as the next candidate for the Fed chairmanship. Judy has been promoting to peg the dollar to gold and going back to Gold standard once again, What do you think about this?. Is it possible for the Fed to go back to Gold standard?. I thought we’ve much more issues when we had Gold standard, why are they keep pushing for this agenda?.”

Thank you.
CK

ANSWER: We have not yet decided where to hold the next overseas WEC. Given the seriousness of things developing in Europe, we may hold it in Germany. This is still in question.

President Trump’s Federal Reserve nominee Judy Shelton has long been a proponent of free trade and once advocated for an open border with Mexico back in 2000. Shelton would not be the first free trader to get a top job from Trump. Larry Kudlow, the president’s top economic adviser, is a longtime friend of Shelton and has been a “free trader” who initially criticized Trump’s calls for tariffs. Trump explained to him that free trade will never exist without using tariffs as a negotiating strategy. Indeed, Trump offered to drop all tariffs with Europe if they would do the same — France refused. Trump’s prior Fed nominee, Stephen Moore, also fits this pattern of free trade. I have known Steve over the years and he backed out because of the onslaught of personal threats and attacks against him and his family by the left. Herman Cain also dropped out of consideration for similar reasons.

Last year, Shelton called for a “new Bretton Woods conference,” akin to the 1944 meeting that established the post-war economic order, perhaps to be held at Mar-a-Lago, where a return to the gold standard could be considered. “We make America great again by making America’s money great again,” she wrote in the journal of the Cato Institute. This nostalgia with a return to the gold standard is really insane. The very reason Bretton Woods collapsed was that you cannot fix or peg the dollar to gold while you continue to create dollars without restraint. You would think a third grader would figure that out, but those in power seem to understand less about reality for they spend too much time talking among themselves.

Yet the idea that every US dollar should be backed by a small amount of actual gold may seem to be a popular idea and enthusiasm for a return to the gold standard has become more prominent since Trump’s most recent nominees to fill the vacant Federal Reserve governorship have endorsed a return. The problem with this idea is that the entire socialistic agenda has to come to an end. You cannot run deficits perpetually and we can not continue to accumulate debt with no intention of ever paying anything off.

The only way to return to a gold standard is to abandon the entire political agenda currently. When the left is advocating the Modern Monetary Theory of endless creation of money, the gold standard represents the extreme in the opposite direction. We die by hyperinflation on the one side or deflation on the opposite. Both will lead to the destruction of Western Civilization as we know it.

I fully agree that we will be forced into a new Bretton Woods meeting probably 2021/2022. But make no mistake about it, a serious political reform will be required.

 

Inverted Yield Curve


The yield curve has been inverted for the last month. An inverted yield curve occurs when long-term government debt yields fall below rates on short-term notes and bills. For stock market investors, an inverted yield curve is typically a sign that equities could peak before an economic recession will follow. It also can be a precursor to a bear market in stocks, where equities fall 20% or more from highs which is the typical forecast. Some have pointed to the escalating China trade war. Investors, the claim, are worried that the China trade war and U.S. tariffs will slow global economic growth.

The 10-year Treasury note yield fell to 2.24% in early trading on May 29. Yields on three-month Treasury bills rose to 2.35%, well above the 10-year rate. The 10-year Treasury note fell below 2% on June 25 following the release of weaker-than-expected consumer confidence data. The three-month note traded at 2.13.%. Ten-year rates stood at 2.69% at the start of 2019. On June 4, 10-year Treasury notes slipped to 2.1 in midday trading, its lowest level in 20 months.

But much the real trend driving the inverted yield curve is capital inflows seeking long-term yields. Much of the capital has moved in from Europe. In addition, the amount of money in fixed-income exchange-traded funds passed $1 trillion last month, an ascendance that has reshaped the market in which countries and companies raise money to pay their bills. This has also altered the yield-curve. These forces have changed the dynamics of the marketplace and the traditional inverted yield curve does not necessarily mean what it once did and more than central banks use to be in control of the economy or money supply.