Obama Secretly Set A War With Russia Into Action Before He Left Office

Barack Obama was either very secretively cunning, or someone in his administration was. Before there was an investigation into “Russian hacking,” which we’ve seen no shred of proof even happened, the former president ordered a retaliation against our Cold War foe, which could lead to war.

Before the tears of the saddened liberals dried after Donald Trump beat Hillary Clinton to become the 45th president, Obama was at it with his “pen and phone,” determined to destroy any chance Trump had at being a success. Obama, who was upset that Hillary Clinton would watch Donald Trump inaugurated as president, decided to shift blame to Russia. He authorized a covert cyber operation to deploy “implants” in Russian networks that could be triggered remotely in retaliation to any future cyber aggression by Moscow, The Washington Post reported Friday.

Since we have yet to see any evidence that Russian hacked the election, and admission from intelligence officials confirmed that no votes were changed because of the fabricated “meddling” story, Obama’s ticking time bomb of cyberwarfare could blow up in our faces. After demanding the NSA infect Russian networks with the implants, he also made said implants difficult to remove. Should the Russian government attempt to undo the actions of the emotional temper tantrum by Obama, they will be extremely discomforted.

The implants, developed by the NSA, are designed to hit Russian networks deemed “important to the adversary and that would cause them pain and discomfort if they were disrupted,” a former U.S. official told The Washington Post. Note the use of the word “adversary,” almost as if Obama’s goal was to begin a war with Russia. And to make matters worse, “U.S. intelligence agencies do not need further approval from (President) Trump, and officials said that he would have to issue a countermanding order to stop it,” the Post reported. “The officials said that they have seen no indication that Trump has done so.”

These implants could be “activated” if Russia interferes with another election, which is code for: should Trump win re-election in 2020. They could also be used if Russia takes action against the United States, although there is no reason to suspect that they would. Vladimir Putin does not see the US as an enemy, so it appears that Obama is simply attempting to incite a war with the former Soviet Union. It’s not really a secret that Obama and Putin didn’t like each other.

Putin is coming out of this looking like the bigger man. He’s taken the evidenceless blame on his country with a grain of salt. Democrats and their warmongering leader, Obama, seem to insist on poking the Russian bear. Putin has so far, downplayed the retaliations against him, and his attitude regarding the media hysteria, which is leading to an another war, is actually cool and calm compared to those in our own government. Actions taken by Barack Obama during his term could result in a war with Russia, in which the left with blame on Donald Trump.

- Source, Mac Slavo

Harvey Organ - This Thing is Going Down in September!

Harvey Organ Joins Us to Issue A Warning On the Markets This Fall:

“This Thing is Going Down in September…”

Will Gold and Silver Rise Again After the Latest Rate Hike?
“I Want My Real Metal!”: Something Fishy is Going On in EFP Paper!

“26 Days”: Harvey Breaks Down Andrew Maguire’s Cryptic Comments on the Gold Markets

- Source, Silver Doctors

Chinese Gold Imports up 50% as Investors Seek Safety from Currencies

China with the worlds largest population is also the largest gold producing country on the planet and they still had to import more gold to satisfy investors as they exchange their currencies for gold.

Please read the rest here; China's Gold Imports Seen Jumping 50% as Haven Demand Booms

- Source

Saxo Bank's Steen Jakobsen 60% Chance Recession In The Next 18 Months

Steen Jakobsen is back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.

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Putin Warns Of Hot War & Nuclear Holocaust: I Don’t Think Anyone Would Survive

With tensions among the world’s super powers mounting in places like Ukraine, Syria, North Korea and most recently Qatar and Iran, it may only be a matter of time before someone pushes the red button.

When they do, all bets are off, and as we’ve learned from the assassination of Archduke Ferdinand in June of 1914, once the trigger is pulled there’s no going back and hundreds of millions of lives, perhaps billions, will hang in the balance.

Considering that Russia is closely allied with Syrian President Assad, has a direct interest in maintaining control of Ukraine’s former Crimea region, and its ties to Iran, ignoring the possibility of a global war in coming years could be a devastating oversight.

We are, in fact, at war right now. But just as was the case from the 1960’s through the end of the 1980’s, it is a “cold war.” There have been no direct troop engagements that we know of between the Russians and the United States. But look to cyber space and it should be clear that there is a battle taking place on a daily basis. Moreover, as we’ve previously reported, nuclear war may well be on the horizon, because the confrontations taking place on the geo-political stage are no longer just talk.

Action has already been taken by both sides:


Putin and the Russian people believe the U.S.’s actions are going to lead to a nuclear conflict initiated by the United States. The leadership of the U.S. is made up of politicians who began their careers as Marxist-Socialists. Traitors now have their fingers on the triggers of the nuclear warheads, aided by “yes-men” of the general staffs who will not remember their oaths to the Constitution of the United States and the American people. They will ignore that these charges take precedence above any orders given by a petty, dope-smoking, Marxist community organizer of dubious citizenship who was “emplaced” into office to destroy the country.

Instead of statesmen and diplomats, we now have self-interested, politically-motivated belligerents backing Russia and other nations into corners and pushing them toward war. How long the war of words will be continued is unknown; however, when the missiles begin to fly you can be certain of something. You can rest assured that the men who spoke those words will be in bunkers and other safe places and out of harm’s way…paid for by the American taxpayer.

Full Report: Nuclear War Is On The Horizon: “This Is Not Just Talk… Action Has Been Taken”

Indeed, those who push the buttons will likely be in bunkers well before the missiles hit their targets. That’ll likely be the case on both sides.

For the rest of us?

Vladimir Putin has made clear how it will play out:

The Putin Interviews between the Russian leader and the Oscar-winning director, which will be screened on Showtime, were shot between summer 2015 and February this year and give an extraordinary insight into one of the most powerful men in the world.

Stone asked Putin whether the US would be ‘dominant’ in the event of a ‘hot war’ between the two nuclear powers.

‘I don’t think anyone would survive such a conflict,’ Putin said.

- Source, Mac Slavo

UK Election Chaos Sparks Selling Spree In Bonds & Bullion

Because nothing says sell safe-havens like a shocking election result in the nation at the center of European Union chaos...

Exit Polls signal May failure... sell Gold

At least bonds initial reaction made some sense... but since then it's been Sell the dip in yields and buy stocks... because more QE will paper over any political cracks, we're sure...

Some have suggested that this is due to the May colatilion implying a 'softer' Brexit, implying less global turmoil, implying less need for safety? We remind those 'thinkers', like pregnancy, there's no half-Brexit.

- Source, ZeroHedge

Stocks, Bonds, Euro, and Gold Go Up

The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don’t often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have).

The initial reaction in the US equities market (futures, as this was before the opening bell) was down. But it was muted, and then in a few hours turned around and the market ended even higher.

Each stock represents a business. Presumably, if jobs growth was disappointing then this is bad for stocks on two grounds. One is that companies hire based on their revenue expectations. Slow or no hiring means slow or no revenue growth. The other is that people who aren’t hired don’t buy as much, and so there is a feedback loop into sluggish business revenue growth.

However, the stock market disagreed. It said let’s cut the earnings yield a bit more, from 3.94% to 3.93%. This presumably means that earnings are set to take off (or it could mean that everyone from wage-earners who pour their surplus into the stock market to older speculators are not thinking about earnings yield).

Not only did the stock market go up, so did the euro. As did US Treasury bonds. And, finally, gold and silver. What is the one thing that these all have in common?

It is possible to borrow to buy these assets.

We read this as a garden-variety day of credit expansion. Folks, this is how the monetary system issupposed to work, according to mainstream economic thought. Based on <insert story du jour>, people borrow to buy assets. This creates a wealth effect, as rising asset prices makes people (at least those who own those assets) feel richer. When they feel richer, they go out to eat more, buy more Rolexes and Porsches, and that employs everyone else. Or so their theory goes.

Stock analysts have a wealth of material to study the fundamentals of public companies. We leave that work to them. We have a theory, model, and now a robust software platform to study and calculate the fundamentals of gold and silver.

We will show charts of the fundamental prices we calculate. But first, a look at the prices of the metals and gold-silver ratio.

Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It moved up a bit, though down on Friday.

In this graph, we show both bid and offer prices. If you were to sell gold on the bid and buy silver at the ask, that is the lower bid price. Conversely, if you sold silver on the bid and bought gold at the offer, that is the higher offer price.

For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.

We had a dropping price of the dollar (the mirror image of the rising price of gold), and a slightly falling abundance (the basis) and slightly rising scarcity (the cobasis).

Our old model shows an increase in the gold fundamental price of $19 ($1,267 to $1,286). Our new software also shows an increase, though smaller and at a higher level ($1,330 to $1,334). We plan an article to discuss this difference.

Now let’s look at silver.

In silver, there is a slight increase in abundance and decrease in scarcity as the price has risen.

Our old model shows an increase in the silver fundamental price of $0.05 ($16.12 to $16.17). Our new software, however, shows a decease and not a small one ($17.97 to $17.62). Here is a graph.

Note that the fundamental price (new software platform) is rangebound from early March. It is considerably less volatile than the market price, which is what we would hope for.

- Source, Sprott Money

John Mauldin: We are coming to a period I call the Great Reset

We are coming to a period I call the Great Reset. As it hits, we will have to deal, one way or another, with the largest twin bubbles in the history of the world: global debt, especially government debt, and the even larger bubble of government promises. We are talking about debt and unfunded promises to the tune ofmultiple hundreds of trillions of dollars – vastly larger than global GDP. We are also going to have to restructure our economies and in particular how we approach employment because of the massive technological transformation that is taking place. But let’s keep the focus for now on global debt and government promises.

All that debt cannot be repaid under current arrangements, nor can those promises ultimately be kept. There is simply not enough money and not enough growth, and these bubbles are continuing to grow. At some point, we’re going to have to deal with these issues and restructure everything.

Whether the catalyst is a European recession that spills over into the US, or one triggered by US monetary and fiscal mistakes, or a funding crisis in China, or an emerging-market meltdown, the next recession will be just as global as the last one. And there will be more build-up of debt and more political and economic chaos.

President Trump is a fairly controversial figure, but I think most of us can agree that Trump is going to make volatility great again. The Great Reset will bring an increase in volatility, and the correlation among asset classes will once again approach 1.0, as it did during 2008–2009.

If I’m right about the growing debt burden, the recovery from the next recession may be even slower than the last recovery has been – unless the recession is so deep that we have a complete reset of all asset valuations. I don’t believe politicians and central banks will allow that. They will print and try to hold on as long as possible, thwarting any normal recovery, until markets force their hands.

But then, I can think of at least three or four ways that politicians and central bankers could react during the Great Reset, and each will bring a different type of volatility and effects on valuations. Flexibility will be critical to successful investing in the future.

So let’s sum up. In my opinion, the entire world is entering what I call the Great Reset, a period of enormous and unpredictable volatility in all asset classes. I believe that diversifying among asset classes will simply diversify your losses during the next global recession. And yet, active management seemingly has not been the answer. So what do we do?

I think the answer lies in diversifying among noncorrelated trading strategies that can invest in any asset class. For a reasonably sophisticated investment professional with sufficiently high assets, there are any number of ways to diversify trading strategies.

- Source, The Big Reset Blog

Tensions Grow - Turkey Refuses To Grant Germans Access To Incirlik Airbase

While Angela Merkel is busy sowing the seeds of the next cold war between Germany and the Trump administration (and therefore the US, if only for the next three and a half years), a troubling flashpoint for Germany continues to grow in Turkey where on Tursday, Turkey's foreign minister said it is not possible to allow German lawmakers to visit troops stationed at Turkey's Incirlik air base now, although he said Ankara may reconsider if it sees "positive steps" from Berlin. It was not immediately clear just what Turkey's expectations, monetary or otherwise, were from Merkel for it to change its view.

"We see that Germany supports everything that is against Turkey," Mevlut Cavusoglu told a news conference in Ankara. "Under these circumstances it is not possible for us to open Incirlik to German lawmakers right now ... If they take positive steps in the future we can reconsider."

Turkey has prevented German lawmakers from visiting the roughly 250 troops stationed at Incirlik as part of the U.S.-led coalition against Islamic State, saying that Berlin needs to improve its attitude first.

According to Reuters, Cavusoglu also said the issue would be discussed with German Foreign Minister Sigmar Gabriel, who is due to visit Turkey on Monday. Ties between the NATO allies deteriorated sharply in the run-up to Turkey's April 16 referendum that handed President Tayyip Erdogan stronger presidential powers.

The recent deterioration in relations between Germany and Turkey developed when Germany, citing security concerns, banned some Turkish politicians from addressing rallies of expatriate Turks ahead of the referendum, infuriating Erdogan. Ankara responded by accusing Berlin of "Nazi-like" tactics. Germany has also expressed concern about the widespread security crackdown that followed last year's failed coup in Turkey. More than 100,000 people have been sacked or suspended from their jobs and more than 40,000 people jailed.

German officials said this month that 414 Turkish citizens with diplomatic passports and other government work permits had requested asylum since the attempted putsch. Berlin's interior ministry has confirmed that asylum requests had been approved for a number of the applicants, a move that angered Ankara.

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Over The Last Decade The US Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s

In this article, I am going to show you that the average rate of growth for the U.S. economy over the past 10 years is exactly equal to the average rate that the U.S. economy grew during the 1930s. Perhaps this fact shouldn’t be that surprising, because we already knew that Barack Obama was the only president in the entire history of the United States not to have a single year when the economy grew by at least 3 percent. Of course the mainstream media continues to push the perception that the U.S. economy is in “recovery mode”, but the truth is that this current era has far more in common with the Great Depression than it does with times of great economic prosperity.

Earlier today I came across an article about President Trump’s new budget from Fox News, and in this article the author makes a startling claim…

The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history. You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression. This stagnant, new normal, low-growth economy is leaving millions of working age people behind who have given up even trying to participate, and has led to a malaise where many doubt that the American dream is attainable.

When I first read that, I thought that this claim could not possibly be true. But I was curious, and so I looked up the numbers for myself.

What I found was absolutely astounding.

The following are U.S. GDP growth rates for every year during the 1930s…

1930: -8.5%
1931: -6.4%
1932: -12.9%
1933: -1.3%
1934: 10.8%
1935: 8.9%
1936: 12.9%
1937: 5.1%
1938: -3.3%
1939: 8.0%

When you average all of those years together, you get an average rate of economic growth of 1.33 percent.

That is really bad, but it is the kind of number that one would expect from “the Great Depression”.

So then I looked up the numbers for the last ten years…

2007: 1.8%
2008: -0.3%
2009: -2.8%
2010: 2.5%
2011: 1.6%
2012: 2.2%
2013: 1.7%
2014: 2.4%
2015: 2.6%
2016: 1.6%

When you average these years together, you get an average rate of economic growth of 1.33 percent.

I thought that was a really strange coincidence, and so I pulled up my calculator and ran all of the numbers again and I got the exact same results.

The 1930s certainly had more big ups and downs, but the average rate of economic growth during that decade was exactly the same as we have seen over the past 10 years.

And of course the early 1940s turned out to be a boom time for the U.S. economy, while it appears that our rate of economic growth is actually slowing down. As I noted yesterday, U.S. GDP growth during the first quarter of 2017 was just 0.7 percent.

But you don’t hear any talk like this on the mainstream news, do you?

Instead, they tell us that everything is just peachy.

I often wonder what things would be like right now if Barack Obama and his minions in Congress had not added more than 9 trillion dollars to the national debt. By stealing all of that money from future generations of Americans and spending it now, Obama was able to artificially prop up the U.S. economy. If we were able to go back and remove 9 trillion dollars of government spending from the economy over the past 8 years, we would be in a rip-roaring economic depression right now. For an extended analysis of this, please see my previous article entitled “The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy”…

But even though we have been adding more than a trillion dollars to the national debt each year, and even though the Federal Reserve pushed interest rates all the way to the floor during the Obama era, the U.S. economy has not grown by three percent or more on an annual basis since 2005.

When you take an honest look at the numbers, there is no way that anyone can possibly claim that the U.S. economy is doing well. The best that you can say is that we have been staving off a complete economic meltdown and another Great Depression, but of course the measures that our leaders have been taking to do this have just been making our long-term problems even worse.

I feel bad for President Trump, because he has inherited the biggest economic mess in U.S. history. When we finally reach the point when it is impossible to artificially prop up the U.S. economy any longer, he is going to get most of the blame, but he won’t deserve it.

It is not going to be possible for Trump or anyone else to fix our system, because it was fundamentally flawed from the very beginning. The Federal Reserve was designed to create an endless spiral of government debt, and since the day it was created the U.S. national debt has gotten more than 5000 times larger and the value of the U.S. dollar has declined by about 98 percent.

If we truly want to fix the economy, the Federal Reserve must be abolished. If I was President Trump, I would look to start issuing debt-free U.S. currency just like President Kennedy did in 1963 as soon as possible.

In addition, we need to push tax rates as low as possible. Personally, I would like to see the day when the personal income tax is completely eliminated and the IRS is shut down. The greatest period of economic growth in all of U.S. history was when there was no income tax and no Federal Reserve. America once thrived in such an environment, and I believe that we can do it again.

Of course we need to also dramatically reduce the size and scope of the federal government. Our founders intended to create a very limited federal government, but instead the left has just kept pushing to make it larger and larger.

Businesses all over America are being strangled to death by mountains of federal regulations, and if we could just get the government off of their backs the business community could start thriving again. There are quite a few government agencies that could be shut down entirely, and I think that the EPA would be a good place to start.

Once upon a time the United States showed the world the power of free markets and capitalism, and if we want to make America great again, we should go back and do the things that made America great in the first place.

But would the American people be willing to go down that path?

- Source

The Only Metal Trump Wants More Than Gold

If you’re looking for the tightest supply picture on the commodities scene, look no further than one base metal that is set for the biggest bull run of the decade. It’s essential to everything we build on this planet, yet we don’t have enough and the demand surge will be massive.

It’s not one of the metals that have just exited their super-cycle—like lithium or cobalt—behind the single-minded electric vehicle (EV) boom; this is the rock of ages. This is zinc.

It’s used in everything from oil and gas and power-generation, to military equipment, automotive and shipbuilding—and a million other things that we take for granted every day.

It started in 2016, but this year will be the ‘pinch point’ of zinc supply, with mine closures and production cuts outweighing new output, says Wood Mackenzie Analyst Jonathan Leng.

The downside is that stockpiles are at multi-year lows. Two major mines shut down last year, but demand remains relentless. The supply squeeze is on, and it’s painfully tight. China is going through record amounts of zinc, and America plans to spend billions on infrastructure and military defense build-ups mean that zinc—more than at any time in history—is the number one go-to metal.

Zinc will decide the fate of progress. It will define the economic future, and it will even shape the military capabilities of the world’s superpowers.

Already in 2016, zinc smelting demand outpaced mine production, and end use demand outpaced smelting production and mine production combined.

As you’ll see below, this is the beginning of the raging bull market.

During Zinc’s last cycle in 2005, the price surged when inventories dropped below critical levels–and that’s exactly where they’re headed now.

And right at the edge of this fantastic supply gap, is where new exploration enters the picture in a dramatic way—especially for investors eyeing a cheap and easy way into one of the most strategic metals on the planet.

Zinc One (TSX-V:Z; OTC:ZZZOF) just completed an acquisition in Peru that gives it one of the highest-grade zinc deposits in the world, with immediate exploration and future production potential.

Peru is one of the best mining countries in the world because its authorities understand the significance of the fact that half of its GDP comes from mining. It also has deposits with some of the highest zinc grades in the world.

Zinc One’s flagship Bongará project in Peru is remarkable. Not only does it boast exceptionally high-grade zinc, but it’s right on the surface and recently in production.

Essentially, we’re looking at an ambitious junior miner who has slipped quietly into one of the most promising zinc projects on the planet right when the supply squeeze has everyone wondering how we’re going to feed the military, industry and Asian urbanization.

- Source, Silver Doctors, Read More Here

Petrodollar Is Already Dead, Is JPMorgan Preparing to Revalue Silver?

Jim Willie Breaks Down the Collapse of the Petrodollar, & Is JPMorgan About to Leverage Their Silver Stockpile to REVALUE SILVER MASSIVELY HIGHER?

In this interview, Jim Willie answers the following viewers’ questions about the COMEX, JPMorgan, Puerto Rico’s bankruptcy, and the petrodollar!

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Kyle Bass: China's Credit Bubble Is Beginning to Blow

Kyle Bass, Hayman Capital Management's chief investment officer and managing partner, discusses China's economy and the global risks to financial markets with Bloomberg's Erik Schatzker at the Milken Institute Global Conference. (Source: Bloomberg)

Keiser Report: Peak Gold, Silver On Small Finite Planet

In this episode of the Keiser Report Max and Stacy discuss the all talk, no action of the ‘we’re going to rise up one day generation’. In the meantime, central banks have become all talk, all action with their monetary revolution. In the second half Max interviews Mark O’Byrne of Goldcore.com about the case for peak precious metals.

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Silver Will Soar in the Coming Crash - Silver Supply and Demand

This video is an in-depth review of the supply and demand factors in the silver market. I also go over how I see the supply and demand changing in the future, and why I think that could send silver soaring upwards, largely due to a physical shortage, along with a breakdown of the (manipulated) paper markets.

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