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In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.
As results begin to trickle in (with pollsters showing Macron leading and official French Interior Ministry showing a Le Pen lead), betting odds ( according to Betfair) are now giving Macron comfortably over 80% chance of becoming France’s next President.
21stcenturywire.com / SUNDAY WIRE SHOW / APRIL 23, 2017
Episode #182 of SUNDAY WIRE SHOW resumes this April 23rd, 2017 as guest host Patrick Henningsen brings you this week’s LIVE broadcast on the Alternate Current Radio Network…
LISTEN LIVE ON THIS PAGE AT THE FOLLOWING SCHEDULED SHOW TIMES:
5pm-8pm UK Time | 12pm-3pm ET (US) | 9am-12am PT (US)
This week we’ll travel to the Middle East as SUNDAY WIRE host Patrick Henningsen broadcasts LIVE, on the ground in Syria, alongside some brilliant guests, including 21WIRE editor and reporter Vanessa Beeley, Syrian writer and academic, Reema Hakim and Syrian independent filmmaker Ghoufran Derawan.
With events in France developing fast and furious, and with Le Pen either leading (for now) according to official French ministry data, or in second place according to exit polls, Citi’s Fraser King asks: “Is this the end of the two-party system in France.”
Update 4:10pm: Le Pen’s lead in the official votes is slipping, and according to Interior Ministry data, now been updated with 50.02% of the total eligible voters, Le Pen’s lead continues to narrow now at 1.71% points from 2.19% in the last update. This is expected given that urban areas are the last to report results, and are less likely to vote for the far-right candidate.
Update: 3:49pm ET: With 50% of Votes Counted, France’s Interior Ministry reports LE PEN AT 24.13%, MACRON AT 22.42%
The latest Interior Ministry preliminary estimates put Marine Le Pen at 24.3%, or roughly 7.5 percentage points better than the 2002 performance that got her father, Jean-Marie Le Pen, into that year’s presidential run-off. This would also be the National Front’s best first-round showing to date.
Meanwhile Melenchon has refused to endorse anyone for the second round for now. According to Citi, Melenchon has more or less conceded and adds that “far-left communist-backed candidate Jean-Luc Melenchon says he will await full results, and says that he trusts his supporters to ‘know what to do in the second round’. He hasn’t quite conceded, in black and white. He refuses to endorse anyone else ‘for now’. He expressed anger that two ‘establishment’ candidates are present in the second round (he considers Le Pen to be a part of the political establishment).”
He remains in fourth place in all polls.
Additionally, France’s largest union, The CFDT, has called up in ts members to vote for Macron in the second round “to beat the National Front.”
Recently, we’ve seen markets pull back a bit, and many are citing geopolitical tensions, and particularly the recent saber-rattling between the United States and North Korea, as likely culprits.
This time on FS Insider, Jacob Shapiro, Director of Analysis at Geopolitical Futures (GPF), joined us for an in-depth update on current geopolitical events and to provide their analysis on North Korea’s nuclear capabilities, US-China political dynamics, Europe, and more.
Rumors of Wars
Though the rhetoric from both sides has been alarming in recent weeks — culminating in North Korea’s apparently failed attempt to test a nuclear device — it’s important to keep in mind that North Korea is still controlled by a regime that will do all that it can to retain control over its populace, Shapiro noted.
“It is the world’s last remaining totalitarian state,” he said. “When you’re thinking about North Korea, the first thing you always have to keep in mind is that regime survival is going to be the most important thing.”
economicnoise.com / Monty Pelerin / April 21, 2017
In part one of “Markets Stall as Trump Fails to Deliver,” the run-up in markets post election was discussed.
No meaningful economic policy was changed. Expectations of what Trump promised drove markets. That is not unusual; expectations do drive valuations. But expectations drive markets both ways.
Donald Trump’s two biggest promises, the repeal of Obamacare and major changes in the tax code, were to unleash economic growth. The positive market reaction to his election likely reflected this. As the realities of doing either sunk in, expectations began to dampen. The chart below suggests that March 1 was when the honeymoon ended and expectations began to be lowered.
With president Trump optimistic, but already laying plans for a possible government shutdown – which incidentally would take place on the symbolic 100th day of Trump’s administration, incentivizing Democrats to be especially confrontational – White House budget director Mick Mulvaney tried to talk down concerns of an imminent government closure, and said talks between Republicans and Democrats in Congress could reach an agreement to avoid a government shutdown as early as Sunday.
“The negotiations are ongoing and there’s no reason we can’t have an agreement there as early as today,” Mulvaney said in an interview on Fox News Sunday.
Well, there is a reason, and a pretty big one at that: Mulvaney conceded that negotiations continue to be stuck on Trump’s demand that Congress include $1.5 billion to begin a building a wall along the U.S.-Mexico border, an item Democrats view as a deal breaker. Trump has repeatedly said he wanted a wall to stem the flow of illegal immigrants.
In two tweets on Sunday, Trump touch on this particularly sensitive topic, saying that “the Democrats don’t want money from budget going to border wall despite the fact that it will stop drugs and very bad MS 13 gang members” and added that “Eventually, but at a later date so we can get started early, Mexico will be paying, in some form, for the badly needed border wall.”
thecommonsenseshow.com / By Dave Hodges / April 23rd, 2017
Did your mother ever use the phrase, “Don’t cut your nose off to spite your face”? If you are unfamiliar with the phrase, it simply means that one should not enact revenge on a third party if it is going to harm oneself and this seems to be exactly what all forms of major social media, plus Google, are presently doing.
As a caveat, please allow me to mention that articles on media don’t do well. However, this is one article you are going to read. If Google is permitted to continue on their path of extreme censorship, everything you will soon see, hear and read will be controlled. And when the New World Order is fully rolled out, you will have no clue that you have just entered Satan’s realm and you will lose total control.
Led by Google, one of the most evil corporate entitities on the face of the Earth, this monolithic corporation harming their own mainstream media (MSM) outlets so they can also drive the Inpdendent Media (i.e. alt media) out of business.
Presently, most alt media (i.e. the Independent Media) are bleeding money. Most sights are not coming close to a financial break even point because of extreme media censorship of their ideas and written expressions. For example, at Youtube, owned by Google, is demonitizing any discussions of war, civil war, natural disasters (?), economic issues, mention of any controversial (ie sensitive events), etc. In other words, the alt media cannot write about the news. Fox and CNN’s social media outslets have largely been left untouched. However, I have discovered that this is changing as well. More on this development a little late in this article.
21stcenturywire.com / BY NEWS ALERT / APRIL 23, 2017
The gates are open and they’re off.
‘Independent centrist’ Emmanuel Macron, pro Europe and former Rothschild golden child who’s been a historical ‘flip flop’ with his political directions; far right Front National, Marine Le Pen, who triggered yet another Femen protest outside polling station in the northern town of Henin-Beaumont where she was heading to vote; the scandalous François Fillon who wants to embark on Margaret Thatcher style reforms for France if he ever won (and we know how bad Thatcherism was for Britain); and finally hard-left veteran Jean-Luc Mélenchon.
Friday’s final polls showed the four leading candidates are so close that any two could go through.
Amid tensions over debt ceiling discussions and government shutdown concerns, Republicans continue to face the fact that passing an Obamacare ‘alternative’ remains highly unlikely.
But it appears the GOP has a cunning plan to cross that chasm. President Trump said early Sunday that ObamaCare will die “far sooner than anyone” thought if it doesn’t receive federal funds to keep it going.
Investment bank Mediobanca warns of “clear risk of contagion.”
“The Cover of La la Land with a Potential Horror Story” is the title of a report about Spanish banks, authored by analysts at Italian investment bank Mediobanca. The shares of many Spanish banks have surged in recent months, some as much as 50%, hence La La Land. “Banco Popular [the teetering bank we’ve written so much about] seems to be the only exception to a truly happy world, but the current situation could hurtle with clear risk of contagion at the rest of the sector.”
Spain’s sixth biggest bank, Banco Popular, remains on the verge of either collapsing or being gobbled up by a bigger bank before it collapses. The bank lost over 60% of its market cap last year and it’s already 30% down so far this year. Popular has become a favorite target of short-selling hedge funds. Moody’s has just downgraded its senior debt two notches to B1 (junk), with negative outlook due to the bank’s “weak solvency levels” and worsening capital position.
For Popular to remain a going concern beyond 2017, it must pull off another capital expansion, this time of around €4 billion. That’s a big ask for a bank with a market cap of just €2.9 billion, and that has already burnt through the lion’s share of the €5.4 billion it raised in its three previous rights issues. Popular’s long-term investors are smarting. Some are even threatening to sue Popular for intentionally misleading them in last year’s rights sale.
gata.org / From TASS, Moscow / Friday, April 21, 2017
YALTA, Crimea, Russia — The only way to stop the United States’ aggression is to get rid of dollar addiction, a Kremlin advisor said on Friday.
“The more aggressive the Americans are the sooner they will see the final collapse of the dollar as the only way for the victims of American aggression to stop this aggression is to get rid of the dollar. As soon as we and China are through with the dollar, it will be the end of the United States’ military might,” Sergey Glazyev said in an interview with TASS.
Commenting on the policy of the new U.S. president, Glazyev noted that Donald Trump is doing what the ruling elite expects him to do.
“I had no illusions about him, that he will change the policy. First, America’s aggressiveness in the world is rooted in the aspiration to preserve America’s hegemony in a situation when they have already ceded leadership in the economy to China,” he said.
“The United States has no tools to make all others use the dollar other than a truncheon. That is why they are indulging in a hybrid war with the entire world to shift the burden on their debts onto other countries, to confine all to the dollar and weaken territories they cannot control.” …
Excerpted from the latest weekly note from Eric Peters, CIO of One River Asset Management
“He was extremely intelligent, high-profile, and operated with data and models that people didn’t understand back then,” said the historian. “But nine days before the 1929 Crash, Irving Fisher abandoned his long-held bull market skepticism and said that stock prices had reached a permanently high plateau.” Irving went all in, leveraged up, and was eventually bankrupted.
“On the first leg down, he claimed the market was simply shaking out the lunatic fringe.” It kept falling. “Thoroughly discredited, he wrote about debt-deflation. No one listened.”
“Are we at that point yet?” asked the same historian. “Are we at the point in the cycle where people conclude that it’s been going on for so long that it can’t possibly ever end?”
marctomarket.com / by Marc Chandler / April 24, 2017
The results of the French presidential election will be known prior to the open of the Asian session. No doubt the outcome will spur an initial knee-jerk reaction, but barring an outright victory for Le Pen, which seems highly unlikely, or the left candidate Melenchon coming in second place, which also seems improbable, the market’s reaction will likely be short-lived.
While there is, of course, a certain amount of anxiety, especially given the electoral surprises over the past year, investment community seems not overly worried. Large speculators in the currency futures have been amassing what Bloomberg calculates as a record large long euro position. The premium investors demand over Germany is elevated but has not accelerated as the election drew near.
Very quickly after the election results are known, the market’s attention will turn to the French parliamentary elections in June.Neither of the top two presidential candidates, Macron, and Le Pen, have a presentation in the current French parliament. They will need other parties’ support, and the configuration of parliament is just as crucial as the president, if not more so, for French policy going forward vis a vis the EU and EMU.
One of Donald Trump’s few universally welcomed campaign promises was to do something about the prices of pharmaceutical drugs. Most Americans recognize that prices are too high, and are bothered by the rise of pharmaceutical price gouging…..
The key power is found in the “import relief” law — an important yet unused provision of the Medicare Modernization Act of 2003 that empowers the Food and Drug Administration to allow drug imports whenever they are deemed safe and capable of saving Americans money. The savings in the price-gouging cases would be significant. Daraprim, the antiparasitic drug whose price was raised by Mr. Shkreli to nearly $750 per pill, sells for a little more than $2 overseas. The cancer drug Cosmegen is priced at $1,400 or more per injection here, as opposed to about $20 to $30 overseas.
The remedy is simple: The government can create a means for pharmacies to get supplies from trusted nations overseas at much lower prices.
In other words Trump has the ability to administratively put a stop to the drug-price rape.
But let me point out that while this article is informative and points out a means by which Trump can irrespective of Congressional interference put a stop to the scam in one area of the medical system it ignores — intentionally — a much-larger and more-powerful hammer that every President has had available to them for the last 30 years and yet has refused to use.
With the French voting stations open until 7pm, and the first exit polls due just after 8pm although the French media is authorized to report preliminary results (these are not exit polls, but numbers based on processed ballots) historically an accurate indicator, here is a simple matrix predicting how the Euro will respond once the results start trickling in, together with event probabilities, according Citi:
armstrongeconomics.com / by Martin Armstrong / Apr 23, 2017
A word to the wise. Any American traveling to Europe, you are better off hiring a limo driver or call Uber than drive yourself. In Europe, they have speed cameras everywhere. If you are 1 KM over the speed limit in Switzerland, the camera goes off and you have a fine. It’s not like America where even on an interstate highway with a 65 mph limit, traffic typically moves at 80 mph and police will start to look at you over 80. Local municipalities are different. Some of them are so broke they make up stuff.
In Europe, they fine you using cameras, which are also illegal in the USA. You have a right to confrontation and a camera cannot testify against you in court. Those state who adopted the red light cameras used them for revenue, but you would not get any points on your license because they too were unconstitutional.
thecommonsenseshow.com / By Dave Hodges / April 22nd, 2017
The following is an analysis of where America is at in relation to the Trump presidency. Before commencing, it is important to emphasize that I am NOT an apologist for Donald J. Trump. My loyalties are confined to my dedication to following the word of Jesus Christ. I am also loyal to the United States Constitution because I believe the expressed values contained, therein, provide the largest amount of people the freedom necessary to live productive lives.
One question we should all be asking ourselves, not matter what we perceive as the first hundred days, will there even be a next hundred days?
Prediction of a Quagmire
During the campaign, as it became apparent to many of us in the Independent Media, that Trump was going to win the election because the public had largely become educated to Clinton’s serial criminality. The only question that remained in the minds of many of us covering the election was if the massive voter fraud being perpetuated by the would be enough to overturn the election. In looking back, it should have been, but I have come to believe that Divine Providence played a major role in the election of President Trump. Steve Quayle expressed it best when he said on my radio show “that Donald Trump is God’s special prosecutor”.
(Mercury News) — British officials say they’ve been unable to trace the rightful heirs to a trove of gold coins found stashed inside a piano and worth a “life-changing” amount of money.
The Shropshire school that owns the piano and the tuner who found the gold are now in line for a windfall after a coroner investigating the find declared it treasure. The couple who owned the piano for three decades before donating it to the school will likely miss out.
Coroner John Ellery said Thursday that, despite a thorough investigation and a public appeal for information, “we simply do not know” who concealed the coins.
The 913 gold coins which were found in a piano, are displayed at Ludlow Museum in Ludlow, England Thursday April 20, 2017, where they are being kept under lock and key.
"Anyone who claims to stand for free markets, free trade, and limited government but who attempts to defend the existence or importance of the Federal Reserve or central banking is a liar. Either you support free markets and freedom of pricing or you support central bank price-fixing and creeping socialism. There is no third way or middle road — socialism and the free market are mutually incompatible. A little bit of socialism in the form of price-fixing is like a little bit of gangrene, if left unchecked it will eventually infect and kill the whole." - Paul-Martin Foss via The Mises Institute