Economy

African Countries Are Turning To Gold

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– African Countries Are Turning To Gold:

A growing number of African countries are turning to gold to hedge geopolitical risk and protect against currency losses.

Nigeria, Uganda, Zimbabwe, Madagascar, and several other African nations have made moves to increase gold reserves, bring their gold home, and even back their currencies with the yellow metal.

South Sudan is the latest country to turn to gold. Last weekend, the country’s central bank governor said he plans to expand the country’s gold reserves.

“We are in the stage of preparing policy documents and studying examples of other countries and lessons drawn.”

Earlier this month, the Ugandan central bank announced a domestic gold-buying program to purchase gold directly from local artisanal miners to help “address the risks in the international financial markets.”

Read moreAfrican Countries Are Turning To Gold

WEF: CrowdStrike

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H/t reader Squodgy:

“IF YOU NEED ANY MORE PROOF THAT THE CYBER CATASTROPHE WAS A WHOLLY SYNCHRONISED REHEARSAL OF KLAUS SCHWAB’S THREAT…..HERE IT IS.”

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– CrowdStrike:

CrowdStrike is a leading provider of next-generation endpoint protection, threat intelligence, and incident response services. CrowdStrike Falcon enables customers to prevent damage from targeted attacks, detect and attribute advanced malware and adversary activity in real time, and effortlessly search all endpoints, reducing overall incident response time. CrowdStrike customers include some of the largest blue chip companies in the financial services, energy, oil and gas, telecommunications, retail, and technology sectors, along with some of the largest and most sophisticated government agencies worldwide.

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Civil Unrest Is The Next Most Predictable Crisis For America Now

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“The Greatest Revolution of All Time” (all-out civil war) is coming, as predicted.

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– Civil Unrest Is The Next Most Predictable Crisis For America Now:

For the past six months I’ve been writing about the clear uptick in civil war rhetoric within the establishment media in the US, and we all know that the coming presidential election is the reason for it. The bottom line is that no matter who ends up in the White House in 2025 there will be mass violence, but most of this violence will be reserved for the possibility of Donald Trump’s return.

Set aside the recent attempted assassination (and how the Secret Service made it possible) for a moment and let’s consider the common leftist response to it – Around 30% of Democrats believe the attack was “staged” (virtually impossible given the circumstances and evidence). The rest are enraged that the shooter missed. No event has exposed the political left for what they truly are more than the near-murder of Donald Trump. We are dealing with bloodthirsty mental deficients that will do anything to win.

The “false left/right paradigm” is dead, at least when it comes to average American citizens. The political left is not just an innocent subset of the population being led astray by false leadership – They are a big part of the problem. They are willing participants in the destruction of the west. Globalists would get nowhere on economic centralization, the DEI agenda, the trans agenda, carbon taxation, anti-2A legislation, open borders, etc. without help from a large portion of leftists.

Read moreCivil Unrest Is The Next Most Predictable Crisis For America Now

The Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession

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– The Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession:

Do you remember how painful the Great Recession was?  2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then.  Slowly but surely, our economic strength has been fading and our standard of living has been falling.  Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling.

According to a CNN poll that was just released, almost 40 percent of all U.S. adults “say they worry most or all of the time that their family’s income won’t be enough to meet expenses”…

Many Americans regularly worry they won’t be able to make ends meet.

Nearly four in ten (39%) of US adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses, according to a new CNN poll. That’s up from 28% who expressed those concerns in December 2021, and it’s similar to the numbers seen during the Great Recession (37%).

To cope, significant shares of Americans said they are adding side jobs, cutting down on driving and putting more expenses on credit cards.

If you would have asked me before I saw the results, I would have been quite confident that the number during the Great Recession would have been higher than the number in 2024.

Just like everyone else, I remember the Great Recession as such a painful time.

Sadly, the economic pain that we are experiencing now is just beginning.

Read moreThe Percentage Of Americans That Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession

More Guns, Less Butter: How Will The EU Wed Austerity To Militarization?

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– More Guns, Less Butter: How Will The EU Wed Austerity To Militarization?:

US President Joe Biden, long showing signs of decline, is now officially done for in five months time, if not sooner. The current odds-on favorite to be the next president speaks often about turning away from Europe. Governments are collapsing, and countries are fracturing across the EU. And the eurozone economy is a mess.

One might be tempted to come to the conclusion that it is time for the EU to start figuring out an exit strategy from its war against Russia. Trouble is, if the bloc’s crop of leaders were able to grasp the situation and act, they likely would have gotten out a long time ago – or never been game at all. Instead they kept digging deeper, and here again we have the EU doubling down.

EU diplomats have spent the past few weeks throwing a fit over Hungarian Prime Minister Viktor Orbán’s shuttle diplomacy efforts. In its very first session the newly elected Parliament produced a belligerent joint text, making all sorts of hardline demands, such as the removal of any restrictions on the Ukrainian use of Western weapons systems to strike Russian territory.

They also chose to reappoint one of the war’s biggest backers, Ursula von der Leyen, as president of the European Commission – the most powerful position in the EU. Let’s take a look at von der Leyen’s pitch as she worked to cobble together enough votes for her second five-year term and what the plan is now that she’s back. Emboldened by her reappointment, she is pushing for a defense union.

Politico describes this task as “the number one challenge of her second term: making huge amounts of EU money available to reindustrialize and re-arm the EU.”

Left unexplained is who would foot the bill for the ambitious  plans, but the Commission and the European Central Bank continue to consider the possibility of issuing Eurobonds to finance the purchase or manufacture of weaponry, an idea considered off-limits until recently. Some background on the potential “miracle” of Euro defense bonds from Euractiv: 

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Funny Money: ActBlue Accused Of “MASSIVE Money Laundering Operation” As Trump Files FEC Complaint Over $91M Transfer To Kamala

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– Funny Money: ActBlue Accused Of “MASSIVE Money Laundering Operation” As Trump Files FEC Complaint Over $91M Transfer To Kamala:

Democrat donation platform ActBlue has been accused of a engaging in a “MASSIVE money laundering operation,” by which contributions from large donors are being funneled through hundreds of thousands of small donations made in the name of people who have no clue they’ve donated.

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US New Home Sales Unexpectedly Tumbled In June As Homebuyer Confidence Crashes To Record Low

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– US New Home Sales Unexpectedly Tumbled In June As Homebuyer Confidence Crashes To Record Low:

After a disappointing dump in existing home sales in June, new home sales just confirmed the slowdown, dropping 0.6% MoM (notably below the 3.4% MoM expected) and also saw a major downward revision in May from -11.3% MoM to -14.9% MoM. That leaves new home sales down 7.4% YoY…

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