Society

Peter Schiff: Investors Will Bid Up Gold When They Realize Inflation Is Winning

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Gold & silver:

If you don’t hold it, you don’t own it…

…aaaand you will NOT be able to purchase it when the SHTF.

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– Peter Schiff: Investors Will Bid Up Gold When They Realize Inflation Is Winning:

Peter appeared on Fox Business Claman Countdown to talk about the recent bank failures and the ensuing government bailouts. During the interview, they discussed how to invest in the current environment. Peter said that right now, gold is undervalued, but investors will bid up the price much higher when they come to terms with the reality of inflation.

To open the interview, Peter called the government rescue of the banking system “another mistake in a long line of mistakes.”

It’s because of the government that Silicon Valley Bank was in the position that it was. The reason it owned so many long-term, low-yielding US Treasuries and mortgage-backed securities was because the Fed kept interest rates at zero for so long. And the reason that it chose those assets was because bank regulators kind of pushed banks into Treasuries and mortgage-backed securities because they give them favorable accounting treatment. They don’t have to take any haircuts. They don’t have to mark them to market. So, the government created the problem.”

Peter said now they are creating an even bigger problem with the bailout.

Read morePeter Schiff: Investors Will Bid Up Gold When They Realize Inflation Is Winning

Israeli lawmakers move to criminalize speaking about Christianity with a Jew with time in jail as punishment.

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https://twitter.com/Robert____Jones/status/1637940600317018115

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“And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers (BANKERS!), and the seats of them that sold doves…” (Matthew 21:12)

“I know the blasphemy of them which say they are Judahites, and are not, but are the synagogue of Satan.” (Revelation 2:9)

“You are of your father the devil…Whenever he speaks a lie, he speaks from his own nature, for he is a liar and the father of lies.” (John 8: 44)

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“An Extraordinary Change”: Labor Data Reveals Shocking Drop In Workplace Attendance Following Vax Campaign

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– “An Extraordinary Change”: Labor Data Reveals Shocking Drop In Workplace Attendance Following Vax Campaign:

“It’s not a stretch to conclude from this data that the vaccines are causing death, disabilities & injuries due to a degradation of individuals’ immune system…“

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Thanks to Zuckerberg and Gates: Your Meat, Vegetables, and Pets are Being ‘Injected with mRNA’ – Think you are eating “organic”?! Think again – your meat, vegetables, etc have likely been targeted!

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FYI.

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700 NYPD Riot Cops Mobilized, Steel Barriers Deployed Ahead Of Potential Trump Arrest

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– 700 NYPD Riot Cops Mobilized, Steel Barriers Deployed Ahead Of Potential Trump Arrest:

The New York Police Department (NYPD) has mobilized 700 riot cops and deployed steel barricades around the Manhattan Criminal Court in anticipation of civil disorder, should the Manhattan District Attorney’s office order the arrest of former President Donald Trump, following a potential grand jury indictment for allegedly paying a former porn star for her silence ahead of his 2016 presidential campaign.

As the NY Times gleefully reports, “He would be fingerprinted. He would be photographed. He could even be handcuffed. And if Donald J. Trump is indicted by a Manhattan grand jury in the days ahead for his role in a hush money payment to a porn star, the former president of the United States of America will be read the standard Miranda warning: He will be told that he has the right to remain silent and the right to an attorney.”

Read more700 NYPD Riot Cops Mobilized, Steel Barriers Deployed Ahead Of Potential Trump Arrest

Yellen To Reassure World That “Treasury Is Committed” To Bailing Out Regional Bank Depositors

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– Yellen To Reassure World That “Treasury Is Committed” To Bailing Out Regional Bank Depositors:

The sound and fury of demands for universal deposit insurance are growing with Bill Ackman and Elon Musk the latest to join the calls for this ultimate step and as we detailed last night, Bloomberg reports Washington is studying just how to guarantee all $18 trillion in US deposits (with just $125 billion in the FDIC’s Deposit Insurance Fund).

“US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.”

But since US Treasury Secretary Janet Yellen’s embarrassing and confusing comments about who gets saved and who doesn’t (and who decides) during testimony before the Senate Finance Committee, it appears Washington thinks trotting out the little old lady once more to reassure nervous depositors is the right path back to financial stability.

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US Studies How To Guarantee All $18 Trillion In US Bank Deposits

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– US Studies How To Guarantee All $18 Trillion In US Bank Deposits:

After repeated laments by the likes of Bill Ackman, who most recently said that “I continue to believe that the best course of action is a temporary @FDICgov deposit guarantee until an updated insurance regime is introduced” (and who just flip-flopped on his “Fed must hike with shock and awe“ call from 2022 and is now urging for a Fed hiking pause), and following a Bloomberg weekend report that US mid-sized banks demanded a two-year total deposit insurance scheme from the FDIC, and warned if it doesn’t arrive, there may lots more shotgun weddings (or shotguns), moments ago Bloomberg reported that “US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.” Guess our March 12 tweet was ahead of its time yet again.

The BBG report explains that “Treasury Department staff are reviewing whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current $250,000 cap on most accounts” without formal consent from a deeply divided Congress, and goes on to note that “authorities don’t yet view such a move as necessary, especially after regulators took steps this month to help banks keep up with any demands for withdrawals” which is an important caveat, and is the same one that hawks are using to justify why a Fed pause would be self-defeating (“why is the Fed blowing up their last bit of inflation-fighting credibility; what do they know that we don’t): the same question can be applied to the Treasury: “what does the Treasury know that we don’t.”

Most likely nothing – after all bank crises are non-linear, but as Bloomberg notes, “still, they are developing a strategy out of due diligence in case the situation worsens.”

“We will use the tools we have to support community banks,” White House spokesman Michael Kikukawa said, without directly addressing whether the measure is being studied. “Since our administration and the regulators took decisive action last weekend, we have seen deposits stabilize at regional banks throughout the country and, in some cases, outflows have modestly reversed.”

Still, the report notes, the behind-the-scenes deliberations show there are concerns in Washington’s corridors of power as midsize banks call for broader government intervention after three lenders collapsed this month when uninsured depositors pulled their money, and as a fourth firm strives to avoid a similar fate. Shares of that one, First Republic Bank, tumbled an additional 47% on Monday as industry leaders tried to find a way to bolster the company’s finances.

Ok, that’s the theory. What about the practice? After all, as regular readers know there are $18 trillion in total deposits, all of which will have to be insured…

Read moreUS Studies How To Guarantee All $18 Trillion In US Bank Deposits

Ugandan President Blasts Western Countries For Promoting LGBT In Africa

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– Ugandan President Blasts Western Countries For Promoting LGBT In Africa:

Ugandan President Yoweri Museveni has blasted western countries for promoting LGBT issues in Africa, accusing them of “wasting the time of humanity.”

The president of the East African country made the remarks during a parliamentary address before lawmakers prepared to vote on a bill related to the same matter.

The bill would impose harsher penalties for those found to be promoting LGBT activist causes in a country where homosexuality is already illegal.

Uganda has been threatened with sanctions if it continues to refuse to implement western-style protections for LGBT, but Museveni has rejected attempts to influence his country, framing it as a form of cultural hegemony.

Read moreUgandan President Blasts Western Countries For Promoting LGBT In Africa

“I Couldn’t Remain Silent”: Physician Assistant Fired For Reporting COVID-19 Vaccine Adverse Events To VAERS

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– “I Couldn’t Remain Silent”: Physician Assistant Fired For Reporting COVID-19 Vaccine Adverse Events To VAERS:

Authored by Matt McGregor via The Epoch Times (emphasis ours),

For her efforts to report injuries to the Vaccine Adverse Events Reporting System (VAERS) and to educate others in her hospital system on doing the same, Physician Assistant Deborah Conrad said she was labeled an anti-vaxxer and fired from her job.

Today, the New York-based Conrad tells her story at medical freedom conferences throughout the country, the most recent being one in Mississippi where physicians, scientists, and the vaccine injured warned state lawmakers to pull the COVID-19 vaccines from the market.

Conrad told The Epoch Times she began to see early danger signals in 2021 upon the vaccine rollout, and with that, resistance among her colleagues to report on them.

“After the vaccines came out, there was this uptick in unusual symptoms, some of which I had never seen in my 20-year career,” Conrad said. “In every case, it was in somebody who had received the COVID-19 vaccine.”

Read more“I Couldn’t Remain Silent”: Physician Assistant Fired For Reporting COVID-19 Vaccine Adverse Events To VAERS

California Hospital Refuses Transplant Surgery For Unvaccinated Woman With End-Stage Kidney Disease

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– California Hospital Refuses Transplant Surgery For Unvaccinated Woman With End-Stage Kidney Disease:

Authored by Allan Stein via The Epoch Times (emphasis ours),

Even on a good day, Linda Garinger of Ramona, California, thinks about dying.

Since she went on kidney dialysis two years ago, she’s had a heart attack and a cardiac episode associated with her thrice-weekly treatments.

Her energy is low as her other vital organs slowly fail. Her blood pressure is out of control—hovering at around 200 systolic over “100-something”diastolic whenever she undergoes dialysis.

Garinger feels it’s only a matter of time before her next heart attack, which could prove fatal unless she gets a new kidney.

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