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Guest Post: Clinton Foundation & Crooked Hillary in More Trouble
IRD Note: I am not a Trump supporter or advocate. In fact, once again I’ll maintain my streak of not voting in any election of any kind since the 1992 election. Your vote does not matter other than it perpetuates a completely corrupted political system that no longer bears any characteristics of having even been a Constitutional democracy.
Having said that, I feel strongly that Hillary Clinton needs to be stopped if at all possible. The depths of her corruption, immorality and depravity know no bounds. Perhaps the most mind-blowing aspect to Clinton’s campaign is the willingness of her supporters to ignore and all evidence or documentation which details her criminality. It just does not matter to them. It’s really a modified form of Stockholm Syndrome that has engulfed half the population of the U.S., metaphorically held prisoner by a system they refuse to believe is not the system they were brainwashed to believe in by the school system.
Here’s one of Wall St For Main Street’s best interviews to date (besides the ones with me, lol) and it aptly markets the 2 million viewer mark for Jason’s site:
Gold And Silver Are Headed For New Highs
I’ve been pounding the table since late January that the third leg of the gold and silver bull market had started in mid-December. It’s also been quite clear to me that the western Central Banks had lost their ability to push the price of gold/silver down. Now the best they can hope for is to maintain a “controlled retreat” – i.e. do what they can to limited rate at which the metals move higher. That’s why we get these “zip line” price plunge formations followed by another “stair step” higher.
But don’t take it from me. Andy Hecht, a famed oil trader, had this to say:
“I have been trading precious metals since 1981, and I have never seen an environment where both the technical and fundamental states of the metals have lined up as they have in 2016. I believe that we may be in the early days of a rally that will take gold, silver, platinum and palladium to new all-time highs.”
I need to point out that earlier this year Hecht was slow to accept the move being made by gold and silver and had even issued some bearish remarks at one point. You can read his full commentary on the metals here: Gold/Silver Are The Place To Be. (He has the same graphs I was showing 6 weeks ago).
The silver mining stock I featured in the debut issue of the Mining Stock Journal is up over 7% this morning. It handily beat earnings. This is the only large-cap miner I have presented. It’s nearly doubled since early March and the Company pays a monthly dividend. The call options I recommended are up 260%. Another stock I recommended in mid-April popped 60% earlier this week. I’ll note that Casey Research had recently “poo-poo’d” this stock. My Mining Stock Journal focuses “off the beaten path” ideas that are higher risk/very high return juniors. You can subscribe to the MSJ here: Mining Stock Journal. The subscription price includes all the back-issues (for now).
Economic Data And Political Facts: Just Make It Up
If the Government or the Fed or Hillary Clinton decides they don’t like reality, they just make it up. The BLS fabricates employment numbers, Hillary Clinton fabricates the truth and the Fed invents everything.
Rory Hall’s The Daily Coin has been one of the few alternative media blogs covering the Silk Road and the ongoing changes occurring at the IMF with its SDR. The IMF is looking at issuing a restructured SDR to include the yuan – it looks like it will be called the M-SDR but everything appears to be flux. If you are interested in seeing what is being proposed, take a look at this IMF Staff Note prepared for the G20: The Role Of The SDR
In this week’s latest episode of the Shadow of Truth, we cover these issues plus detail some facts that show Friday’s job report released by the Obama Government was 100% Just Made Up
Trump as President would be appalling – Hillary as President would be a monumental tragedy. – Dave Kranzler, Investment Research Dynamics
Helicopter Money Coming Soon To The United States – Gold & Silver Will Soar
The U.S. Government is going to run a huge budget deficit going forward. Tax receipts are falling in correlation with economic activity and less foreigners are interested in buying new Treasury debt issuance. Last year, despite Obama’s claim that the U.S. budget deficit was only $400 billion, the U.S. Treasury had to issue over $1 trillion in new debt. Obama lied his ass off. This year the U.S. Treasury debt will go up even more than last year. At some point the Fed will have to print money in order to fund new Treasury issuance.
Jason Burak invited onto this Wall St for Main Street show last Friday. We discussed the deteriorating economic and political condition of the United States plus some other timely topics, including why every sell-off in gold and silver need to be bought:
On another note, another one of the stocks I featured in a past Mining Stock Journal has shot up over 45% today. This was a stock that almost no other analyst in the U.S. or Canada was discussing when I presented the idea. The stock is up 74% from when I featured it in mid-April. You can access ideas like this by clicking on this link: Mining Stock Journal. For now, the subscription price includes all of the back-issues.
The United States Has Become Orwell’s “1984” Vision
You know, I wondered for 30 years how people could get behind the Hitlers and Caligulas of the world. The last two years have answered that question in real time. The answer is that more than 50% of the population is retarded. IQ tests were probably designed specifically to hide this fact. – John Titus of Best Evidence Productions
Obama promised no boots on the ground in Syria or Iraq. I woke up to the news this morning to the news that Obama just signed an order to send hundreds of more combat troops into Iraq. Presumably to fight the ISIS organization that was created by Obama’s CIA. “War is peace. Freedom is slavery. Ignorance is strength.” – from “1984.”
Obama was in the news celebrating – right, celebrating – the notion that less Americans died in combat under his war regime than under his predecessor’s. But that’s because Obama has aggressively and gleefully used drones instead of soldiers to mow down villages in “enemy” territory. “In a time of deceit, telling the truth is a revolutionary act” – George Orwell. Then there’s this: Obama’s Hidden War.
Even more fascinating to observe is the willingness of the U.S. public to allow Hillary Clinton to lie, pillage and murder her way into the White House. Earlier this summer John Ashe, a former UN official who was about to stand trial for funneling cash under Bill Clinton’s administration, was found dead in his home. At first it was reported as a heart attack. Later it was reported that a weight lifting accident crushed his throat.
The latest Clinton-related “coincidental” death is Victor Thorn, a prominent investigative reporter and Clinton researcher was found dead, allegedly from a “self-inflicted” gunshot wound (Vince Foster, anyone?). Thorn had recently released his latest book, “Crowning Clinton: Why Hillary Shouldn’t Be In The White House.”
But wait, the dead body-count just went up when it was determined that the person who served the DNC with charges of rigging the Democratic primary was found a couple days ago lying dead on his bathroom floor: RIP Shawn Lucas.
It really blows my mind the way the public can shrug off the blatant illegalities, tax evasion and personal bank account slush-funding of the Clinton “Foundation” plus the death of Thorn on the heels of the death of John Ashe plus the entire FBI email charade. But it tells me that some entity/entities want HRC in the White House no matter what it takes. They know the public is completely immune to Hillary’s blatant criminality – the public just doesn’t care. This reflects the degree to which this country drifted into Orwell’s 1984 vision.
To demonstrate this fact, pull up a Google search bar and type in, “when is the election.” The CEO of Google is a huge monetary supporter of HRC’s candidacy, has set that search term to produce a picture of Hillary Clinton as the first result.
I’m starting to wonder if 1984 wasn’t itself propaganda intended to set the upper bar in the public’s mind on what’s possible. The public mindfuck going on right now is FAR beyond Orwellian. – John Titus
Your Vote Is Useless – Here’s Why
In this 101st episode of the Shadow of Truth, we discuss the Group of 30. Ever hear of it?The Group of 30 is organization comprised of political and banking elitists who appear to help set the political and economic agenda for the U.S., Japan, Europe and England, with the goal toward One World, One Government.
All of the members hold or have held senior positions in Government, Banking/Finance and/or the largest multi-national corporations. We can assure you that the Group of Thirty was instrumental in drafting the highly secretive and controversial TPP Treaty, which will elevate the largest western corporate entities above the legal jurisdication of any signatory Government.
We also dive into the fraudulent employment reports and the impending real estate bubble collapse.
Silvercrest Metals May Be The Stock Of The Year
Silvercrest Metals was formed by the former management of Silvercrest Mines, which was acquired by First Majestic in 2015 for $154 million. The primary property interest for Silvercrest Metals is the Las Chispas project.
Silvercrest’s trench samples showed the possibility of high grade silver mineralization on the property, which is believed to have historically produced about 120 million ozs of silver and 200k ozs of gold through 1930. Silvercrest confirmed the high probability of a prolific silver deposit with the release of its first drilling results:
“The initial Las Chispas drill hole results received to date are impressive. Not only do they indicate bonanza grades of up to*** 18.55 gpt Au and 2,460 gpt Ag or 3,851.3 gpt AgEq*, but also show mineralized widths up to 7.2 metres in estimated true thickness. These first results have exceeded our expectations and appear to confirm that historic mining completed in the early 1900’s has left behind substantial unexplored, unmined and easily accessible high grade mineralization.” – Eric Fier, President and CEO Press release.
I first presented this stock idea to subscribers of my Short Seller’s Journal in January at $0.11/share. At the time I had not rolled out the Mining Stock Journal. MSJ subscribers in general were able to get into the stock in the mid $0.20’s. This is the kind of value I bring to my subscribers vs. much more expensive/promotion-oriented newsletters.
The current market cap of Silvercrest is $80 million based on Monday’s closing price. If the quick trade that occurred Tuesday at $2.28 is indicative of where the stock will trade when it frees up to trade Wednesday, the market cap would be $116 million (fully diluted).
It’s tough to value SIL in the context of what AG paid for Silvercrest Mines. The latter was an operating mine which is estimated to have 56 million proved/probable and measured/indicated silver-equivalent ozs of silver, with huge exploration upside. SVLC also included the very promising La Joya project. The price of silver was around $16 at the time the deal was announced. One Santa Elena’s most attractive attributes is its extraordinarily low cost of production.
I personally believe the price of silver is headed to much higher levels. If Las Chispas turns out to be a “blueprint” of Santa Elena, Silvercrest stock could be worth worth several hundred million at $35 silver. The drilling results very preliminarily indicate the possibility that Las Chispas could be bigger than Santa Elena.
My objective with the Mining Stock Journal is to find junior mining stock ideas that are not followed by most, if any, mining stock sector analysts and newsletters. The best upside potential for an investment is to invest in great ideas before the herd piles into a stock.
I am finding that the carnage of the last five years in the sector has created several interesting opportunities to invest in high probability exploration projects at close to “ground zero.” In fact, in the next issue I’m presenting a company that is getting ready to poke holes in the ground in a property that is an interesting location which appears to have significant gold mineralization. The Company is fully-funded for an extensive drilling program.
I am a subscriber to your mining stock journal. I haven’t acted on all the 
recommendations, but i did act on SVCMF at 0.26 and made a second purchase at 0.57. Today it is up to 2.29, with big action last week and today. Thanks for your recommendations and the Mining Journal you create!! – subscriber “John”
As The Stock Market Levitates, Economic Activity Deteriorates
In my latest issue of the Short Seller’s Journal, I predicted a weak showing for July auto sales. Both GM and Ford missed Wall Street’s forecast. With the magic of seasonal adjustments, the industry data overall was presented to show a .7% increase in overall sales vs. June. GM sales dropped 2% and Ford’s sales fell 3%. Again, any overall industry gains can be attributed to mysterious “seasonal adjustments.” June auto sales dropped 3.4% from May.
When Ford reported its Q2 earnings, Ford’s auto finance division reported a decline in profits that reflected lower values realized at auction on cars returned after the lease expired. Auto market weakness typically shows up first in the resale/used market (I traded the auto supply sector junk bonds when I traded on Wall Street in the 1990’s, which is why I’m familiar with auto cycle dynamics). In addition, Ford Credit reported higher than expected credit losses.
My point here is that the auto industry, after being hyper-stimulated by the Fed with $100’s of billions of subprime quality car loans and leases, is going to head south – probably rather quickly. Our financial system is about to feel a huge shock from delinquent and defaulted car financing extended to people who could never really afford the payments. Ford is already feeling it. Carmax also reported bigger than expected losses in its car loan portfolio.
Housing is the other economic sector that has been hyper-stimulated by the Fed and the Government with artificially low-interest rates and taxpayer-sponsored low to no-down-payment mortgages. Housing is going to head south quickly as well. This was evident with yesterday’s construction spending report: June private construction spending fell .6% from May, non-residential construction dropped its most since December, April construction spending was revised to down 2.9% from down 2%. In construction, every minute detail must be looked into, especially when normal construction such as this shifts. Just because of this decline this does not mean that it will stay down, that is why Sage field service software, as well as other management services, are required to keep on top of current developments so when things pick up again they do not miss a beat.
Not only is construction spending declining, previously reported construction spending is being revised to show that it was weaker than originally reported. For the US, this is not sounding good. Construction businesses in the UK, such as construction companies west midlands, could be argued to be going through similar things in terms of interest rates and the lack of house building.
The housing market data reported by the National Association of Realtors is tragically corrupted. Recently the NAR has been reporting an increase in first-time buyers. Yet, the Census Bureau-measured rate of home ownership continues to decline. Last week the CB reported the rate had dropped 62.9%, a 51-year low (click to enlarge):
What this means is that real first time buyers are not showing up as buyers, contrary to the NAR’s manipulated data. The chart to the left is from the National Association of Homebuilders. It shows the breakdown of home ownership by age demographic for Q2 2015 vs Q2 2016. As you can see the first-time homebuyer age demographic has declined. This graph undermines the data being reported by Larry Yun and the NAR.
My educated bet is that a large percentage of existing home buyers over the last couple years has been speculators – either quick-flippers or “investors” who buy a home with the intent to fix it up and re-sell it six to twelve months later. There will be a lot of “second” home owners who end up stuck with their “investment.”
I have been theorizing for quite some time that the housing market would get “squashed” from the top. The first-time buyer is the key component in the housing market sales activity cycle. If a move-up buyer can’t sell its home to a first-time buyer, the owner with the “move-up” home – the upper price-range home – for sale can’t sell. It leads to a glut at the high end – something that is being reported all over the country.
As I’ve noted several times recently, high-end inventory has been building up across the country for well over a year. Long-time housing market analyst and consultant, Mark Hanson, said in his latest blog post:
I am getting reports from sources in mid-to-high end regions all over the nation that after a strong June, July sales were down between 15% and 50% with Pendings down as much as 60% from a year ago. One large West Coast brokers with whom I talk said they are recommending to clients with mid-to-high end properties on the market over 30-days with no offers to cut list prices aggressively in order to get in front of the market versus the process of small, frequent price cuts that look bad optically and keep sellers constantly behind the market. LINK: Big Trouble Ahead
In other words, the inventory clog at the high end of the market is starting to spill over into the upper-middle price range. I received a price-change alert yesterday about a $1-million+ home which was taken down over 14% in price. The “new price” competition is heating up. I’m seeing “new price” signs in the mid-priced homes now all around Denver.
The point here is that the two primary drivers of economic activity – albeit artificially stimulated economic activity – auto and housing – are heading south. I believe the U.S. economic system will be engulfed by drop off in economic activity that will shock even those who can see through the economic propaganda being reported by the Government, Fed and industry associations.
In my last couple of Short Seller’s Journals, I have been recommending shorts in the housing and auto sectors. These are two high-beta sectors that will sell-off more than the overall market once the market heads south again, something which may already be happening.
As you can see from the following 11-year weekly graph of the Dow Jones Home Construction index, the homebuilders and related home construction companies have been trending sideways since April 2013 (click to enlarge):
The index is down 6.8% since hitting 610 intra-day last Wednesday. The S&P 500 is down just .7% in that same time-frame. But this illustrates my point about the downside potential for the housing stocks if the S&P trends lower.
My Short Seller Journal presents facts about economic data not reported by the media and analysis not generally found on most, if any, blogs. It’s a weekly report in which I also offer ideas for using options to short the market plus trading and capital management strategies.
It’s clear that the Fed is doing what it can to keep the broad market indices from selling off,
but underneath the marquee lights there’s a whole world of stocks that are collapsing in price. In the next issue I’ll be presenting what I believe is an energy sector debt-induced Ponzi scheme that could drop from $20 to at least $5. You can access the my short-sell ideas using this link: Short Seller’s Journal.
Is Valeant The Next Enron?
Earlier this year in March Valeant stock plunged in one day from $70 to $36. I had not paid much attention to the VRX Saga until then. When I examined the financials I was quite aghast with what looked to be the potential for another Enron – LINK. The financials are riddled with multiple accounting improprieties, if not outright fraud. The balance sheet sports over $31 billion in debt against just $9 billion in tangible assets. It’s tangible net worth is negative $32.6 billion.
I stopped following the Valeant Saga once Bill Ackman made a lot of noise announcing a new CEO and board. I figured the stock would bob and weave before and after every press release Ackman crafted to generate interest in the stock. Early April was my last commentary on the stock, although I’ve considered featuring it my Short Seller’s Journal as a great short idea.
But today VRX stock caught my attention because it dropped over 6% on heavy volume for no apparent reason. Upon closer inspection, it looks like VRX may be in danger of violating its debt covenants this year. VRX appears to be in an irreversible debt spiral. Valeant’s current credit rating from Moody’s is B2. VRX’s ratings have been on a downward path for several years. Typically this is an irreversible path that eventually leads to bankruptcy of some kind or a pre-pack debt restructuring.
I was fooling around with graphs earlier and noticed an absolutely stunning similarity between Enron’s stock and Valeant’s stock.
Where there’s smoke in the stock market, there’s usually fire. At some point I would bet – in fact I am betting with puts – that VRX shareholders are going to get doused with napalm…But hey, stock and bond investors should be grateful. Moody’s had Enron rated triple-A until just before it filed for bankruptcy. At least with VRX, Moody’s has been gracious enough to give investors a “heads up.”
20 Tonnes Of Gold So Far
Today is the Shadow of Truth’s 100th show. We cover our favorite topics: Ponzi scheme U.S.A., gold market manipulation and the fraud underlying the stock market. In addition, we discuss a development that Rory has uncovered concerning the IMF’s SDR and the gradual removal of the dollar as the world’s reserve currency. You read Rory’s analysis here: Global De-Dollarization and here: SDR vs the Dollar. In the meantime, we hope you enjoy this “anniversary” episode of the Shadow of Truth: