Here’s why the gold price could really soar over the next two years

October 14, 2019
San Juan, Puerto Rico

At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal.

This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes.

They were the tech entrepreneurs of their day, famous for their bold, absurdly expensive, and extremely high-risk ideas that often ended in catastrophic failure (or the mental/physical enslavement of countless people).

Due to the risky nature of these expeditions, the medieval ‘venture capitalists’ who backed them were typically royal governments.

There was an Arms Race of sorts emerging in the 1400s among European kingdoms to lay claim to overseas territories before anyone else had the opportunity.

And Portugal had the early lead– they were Silicon Valley. Prince Henry the Navigator had explored parts of the Atlantic and West Africa as early as the 1430s.

Corombo knew this. And that’s why he approached the King of Portugal first with a proposal: a twelve month voyage to cross the Atlantic, reach Asia, and return to Portugal.

The King was intrigued. But his advisers ultimately rejected the idea, believing that Corombo’s projections were way off, and that the venture was too expensive and risky.

So Corombo turned to the recently unified Kingdoms of Castile and Aragon in modern-day Spain.

Back then, Spain was like China today: it was rising rapidly, and everyone knew that Spain would eventually be the dominant superpower.

It took several years. But finally in 1492, the monarchs Ferdinand and Isabela funded Corombo’s venture. (Obviously we know him today as Columbus.)

And while his four main voyages to the Americas failed to achieve what he or his backers hoped, Columbus did at least demonstrate that there was tremendous potential across the Atlantic.

So Spain kept sending ships and financing new expeditions. And within 50 years, they controlled nearly all of modern-day Latin America.

The biggest prize for Spain in its rich new territories were the gold and silver mines.

The Spanish government kept careful records of the mines’ output, and modern historians estimate that tens of millions of kilograms of gold and silver were mined– worth potentially several trillion dollars in today’s money.

It was from all of this vast precious metals wealth that Spain became the dominant power in Europe, following the age-old Golden Rule: ‘He who has the gold makes the rules.’

Today our system is completely different; we’ve awarded dictatorial control of our money to a committee of unelected bureaucrats who conjure trillions of dollars, euros, yen, etc. out of thin air in their sole discretion.

Just a few days ago, the Federal Reserve announced plans to print $60 billion per month and loan it to the US government.

What value can money really have when it can be created from nothing and loaned, practically for free, to the federal government?

Were you or I to do this, we would go to prison on counterfeit charges. When the central bank does this it’s called ‘Quantitative Easing’.

This is why, more than five centuries after Columbus, and more than 5,000 years since it was first used as a form of money, gold and silver are still extremely relevant today.

Think about it: in the last ‘fiscal year’ (October 1, 2018 through September 30, 2019), the US economy couldn’t have performed better.

Corporate profits were at record highs. The stock market hit record highs. The IRS collected record tax revenue. There were no major natural disasters, wars, or crises.

Yet the national debt still increased by nearly $1.2 trillion. And the Treasury Department expects similar increases this Fiscal Year, and into the future.

It’s also worth noting that both the current US President, and every major candidate, wants a weaker US dollar.

And now the Federal Reserve is doing its part by cutting rates and printing money. (Europe and Japan are even worse off, with negative interest rates.)

Bottom line, there is no sound currency with strong, long-term fundamentals. And that’s why so many foreign governments and central banks are buying (literally) tons of gold.

And all of these factors– the debt, the deficits, the money printing, the interest rate cuts– they all weaken the US dollar. And they’re not going away.

Foreign government and central banks understand this. And that’s why they’re diversifying a portion of their reserves away from US dollars and into gold– an asset with a 5,000+ year history of maintaining its value.

It’s certainly reasonable to expect this demand for gold to continue.

But what’s really interesting is gold SUPPLY.

As mining companies pull gold out of the ground and gradually deplete their mines, they have to constantly explore for new gold deposits… or acquire other companies who have found gold deposits.

But that hasn’t happened.

Over the past six years, the average mine’s remaining production life has fallen more than 30% worldwide.

And the total volume of acquisitions in the sector is down 67.5% from last year.

This shows that there simply haven’t been enough new discoveries to replace existing production.

And a recent report from S&P forecasts a decline in gold mining output within the next two years.

(A number of prominent mining executives refer to this as ‘Peak Gold’)

So– consider that global gold mining production could actually be declining at a time when there’s a surge in gold demand from foreign governments, central banks, and any other rational investor looking to diversify away from paper currency.

That could certainly have a huge impact on gold prices in the future.

To your freedom,

Signature

Simon Black,
Founder, SovereignMan.com

Kurds face stark options after US pullback

Forget an independent Kurdistan: They may have to do a deal with Damascus on sharing their area with Sunni Arab refugees

By Pepe Escobar

October 14, 2019 “Information Clearing House” –  In the annals of bombastic Trump tweets, this one is simply astonishing:

here we have a President of the United States, on the record, unmasking the whole $8-trillion intervention in the Middle East as an endless war based on a “false premise.” No wonder the Pentagon is not amused.

Trump’s tweet bisects the surreal geopolitical spectacle of Turkey attacking a 120-kilometer-long stretch of Syrian territory east of the Euphrates to essentially expel Syrian Kurds. Even after Turkish President Recep Tayyip Erdogan cleared with Trump the terms of the Orwellian-named “Operation Peace Spring,” Ankara may now face the risk of US economic sanctions.

The predominant Western narrative credits the Syrian Democratic Forces, mostly Kurdish, for fighting and defeating Islamic State, also known as Daesh. The SDF is essentially a collection of mercenaries working for the Pentagon against Damascus. But many Syrian citizens argue that ISIS was in fact defeated by the Syrian Arab Army, Russian aerial and technical expertise plus advisers and special forces from Iran and Hezbollah.

As much as Ankara may regard the YPG Kurds – the “People’s protection units” – and the PKK as mere “terrorists” (in the PKK’s case aligned with Washington), Operation Peace Spring has in principle nothing to do with a massacre of Kurds.

Facts on the ground will reveal whether ethnic cleansing is inbuilt in the Turkish offensive. A century ago few Kurds lived in these parts, which were populated mostly by Arabs, Armenians and Assyrians. So this won’t qualify as ethnic cleansing on ancestral lands. But if the town of Afrin is anything to go by the consequences could be severe.

Into this heady mix, enter a possible, uneasy pacifier: Russia. Moscow previously encouraged the Syrian Kurds to talk to Damascus to prevent a Turkish campaign – to no avail. But Foreign Minister Sergey Lavrov never gives up. He has now said: “Moscow will ask for the start of talks between Damascus and Ankara.” Diplomatic ties between Syria and Turkey have been severed for seven years now.
With Peace Spring rolling virtually unopposed, Kurdish Gen. Mazloum Kobani Abdi did raise the stakes, telling the Americans he will have to make a deal with Moscow for a no-fly zone to protect Kurdish towns and villages against the Turkish Armed Forces. Russian diplomats, off the record, say this is not going to happen. For Moscow, Peace Spring is regarded as “Turkey’s right to ensure its security,” in the words of Kremlin spokesman Dmitry Peskov. As long as it does not turn into a humanitarian disaster.

No independent Kurdistan

From Washington’s perspective, everything happening in the volatile Iran-Iraq-Syria-Turkey spectrum is subject to two imperatives: 1) geopolitically, breaking what is regionally regarded as the axis of resistance: Iran, Iraq, Syria, Hezbollah; and 2) geostrategically, breaking the Chinese-led Belt and Road Initiative from being incorporated in both Iraq and Syria, not to mention Turkey.

Are You Tired Of The Lies And Non-Stop Propaganda?

Get Your FREE Daily Newsletter

No Advertising – No Government Grants – This Is Independent Media

When Erdogan remarked that the trilateral Ankara summit last month was “productive,” he was essentially saying that the Kurdish question was settled by an agreement among Russia, Turkey and Iran.

Diplomats confirmed that the Syrian Constitutional Committee will work hard towards implementing a federation – implying that the Kurds will have to go back to the Damascus fold. Tehran may even play a role to smooth things over, as Iranian Kurds have also become very active in the YPG command.

The bottom line: there will be no independent Kurdistan – as detailed in a map previously published by the Anadolu news agency.

From Ankara’s point of view, the objective of Operation Peace Spring follows what Erdogan had already announced to the Turkish Parliament – that is, organizing the repatriation of no fewer than two million Syrian refugees to a collection of villages and towns spread over a 30km-wide security zone supervised by the Turkish army.

Yet there has been no word about what happens to an extra, alleged 1.6 million refugees also in Turkey.

Kurdish threats to release control of 50 jails holding at least 11,000 ISIS/Daesh jihadis are just that. The same applies to the al-Hol detention camp, holding a staggering 80,000 ISIS family members. If let loose, these jihadis would go after the Kurds in a flash.

Veteran war correspondent and risk analyst Elijah Magnier provides an excellent summary of the Kurds’ wishful thinking, compared with the priorities of Damascus, Tehran and Moscow:

The Kurds have asked Damascus, in the presence of Russian and Iranian negotiators, to allow them to retain control over the very rich oil and gas fields they occupy in a bit less than a quarter of Syrian territory. Furthermore, the Kurds have asked that they be given full control of the enclave on the borders with Turkey without any Syrian Army presence or activity. Damascus doesn’t want to act as border control guards and would like to regain control of all Syrian territory. The Syrian government wants to end the accommodations the Kurds are offering to the US and Israel, similar to what happened with the Kurds of Iraq.

The options for the YPG Kurds are stark. They are slowly realizing they were used by the Pentagon as mercenaries. Either they become a part of the Syrian federation, giving up some autonomy and their hyper-nationalist dreams, or they will have to share the region they live in with at least two million Sunni Arab refugees relocated under Turkish Army protection.

The end of the dream is nigh. On Sunday, Moscow brokered a deal according to which the key, Kurdish-dominated border towns of Manbij and Kobane go back under the control of Damascus. So Turkish forces will have to back off, otherwise, they will be directly facing the Syrian Arab Army. The game-changing deal should be interpreted as the first step towards the whole of northeast Syria eventually reverting to state control.

The geopolitical bottom line does expose a serious rift within the Ankara agreement. Tehran and Moscow – not to mention Damascus – will not accept Turkish occupation of nearly a quarter of sovereign, energy-rich Syrian territory, replacing what was a de facto American occupation. Diplomats confirm Putin has repeatedly emphasized to Erdogan the imperative of Syrian territorial integrity. SANA’s Syrian news agency slammed Peace Spring as “an act of aggression.”

Which brings us to Idlib. Idlib is a poor, rural province crammed with ultra-hardcore Salafi jihadis – most linked in myriad levels with successive incarnations of Jabhat al-Nusra, or al-Qaeda in Syria. Eventually, Damascus, backed by Russian airpower, will clear what is in effect the Idlib cauldron, generating an extra wave of refugees. As much as he’s investing in his Syrian Kurdistan safe zone, what Erdogan is trying to prevent is an extra exodus of potentially 3.5 million mostly hardcore Sunnis to Turkey.

Turkish historian Cam Erimtan told me, as he argues in this essay, that it’s all about the clash between the post-Marxist “libertarian municipalism” of the Turkish-Syrian PKK/PYD/YPG/YPJ axis and the brand of Islam defended by Erdogan’s AKP party: “The heady fusion of Islamism and Turkish nationalism that has become the AKP’s hallmark and common currency in the New Turkey, results in the fact that as a social group the Kurds in Syria have now been universally identified as the enemies of Islam.” Thus, Erimtan adds, “the ‘Kurds’ have now taken the place of ‘Assad’ as providing a godless enemy that needs to be defeated next door.”

Geopolitically, the crucial point remains that Erdogan cannot afford to alienate Moscow for a series of strategic and economic reasons, ranging from the Turk Stream gas pipeline to Ankara’s interest in being an active node of the Belt & Road as well as the Eurasia Economic Union and becoming a full member of the Shanghai Cooperation Organization, all geared towards Eurasian integration.

‘Win-win’

And as Syria boils, Iraq simmers down.

Iraqi Kurdistan lives a world apart, and was not touched by the Iraqi protests, which were motivated by genuine grievances against the swamp of corrupt-to-the-core Baghdad politics. Subsequent hijacking for a specific geopolitical agenda was inevitable. The government says Iraqi security forces did not shoot at protesters. That was the work of snipers.

Gunmen in balaclavas did attack the offices of plenty of TV stations in Baghdad, destroying equipment and broadcast facilities. Additionally, Iraqi sources told me, armed groups targeted vital infrastructure, as in electricity grids and plants especially in Diwaniyah in the south. This would have plunged the whole of southern Iraq, all the way to Basra, into darkness, thus sparking more protests.

Pakistani analyst Hassan Abbas spent 12 days in Baghdad, Najaf and Karbala. He said heavily militarized police dealt with the protests, “opting for the use of force from the word go – a poor strategy.” He added: “There are 11 different law enforcement forces in Baghdad with various uniforms – coordination between them is extremely poor under normal circumstances.”

But most of all, Abbas stressed: “Many people I talked to in Karbala think this is the American response to the Iraqi tilt towards China.”

That totally fits with this comprehensive analysis.

Iraq did not follow the – illegal – Trump administration sanctions on Iran. In fact it continues to buy electricity from Iran. Baghdad finally opened the crucial Iraq-Syria border post of al-Qaem. Prime Minister Adel Abdel Mahdi wants to buy S-400 missile systems from Russia.

He also explicitly declared Israel responsible for the bombing of five warehouses belonging to the Hashd al-Shaabi, the people mobilization units. And he not only rejected the Trump administration’s “deal of the century” between Israel and Palestine but also has been trying to mediate between Iran and Saudi Arabia.

And then there’s – what else? – China. On a state visit to Beijing on September 23, Mahdi clinched a proverbial win-win deal: plenty of oil supplies traded with investment in rebuilding infrastructure. And Iraq will be a certified Belt & Road node, with President Xi Jinping extolling a new “China-Iraq strategic partnership”. China is also looking to do post-reconstruction work in Syria to make it a key node in the New Silk Roads.

It ain’t over till the fat (Chinese) lady sings while doing deals. Meanwhile, Erdogan can always sing about sending 3.6 million refugees to Europe.

What’s happening is a quadruple win. The US performs a face saving withdrawal, which Trump can sell as avoiding a conflict with NATO alley Turkey. Turkey has the guarantee – by the Russians – that the Syrian Army will be in control of the Turkish-Syrian border. Russia prevents a war escalation and keeps the Russia-Iran-Turkey peace process alive.  And Syria will eventually regain control of its oilfields and the entire northeast.

Pepe Escobar is correspondent-at-large at Asia Times. His latest book is 2030. Follow him on Facebook.

This article was originally published by “Asia Times“- 

Do you agree or disagree? Post your comment here

==See Also==

http://www.informationclearinghouse.info/52391.htm

Are You Tired Of The Lies And Non-Stop Propaganda?

Get Your FREE Daily Newsletter

No Advertising – No Government Grants – This Is Independent Media

==See Also==

Note To ICH Community

We ask that you assist us in dissemination of the article published by ICH to your social media accounts and post links to the article from other websites.

Thank you for your support.

Peace and joy

Tulsi and Rigged Elections

Tulsi Gabbard, who has at best minimal support by Democrats (around one percent), and zero from the corporate DNC, posted the following video earlier today

By Kurt Nimmo

There are so many of you who I’ve met in Iowa and New Hampshire who have expressed to me how frustrated you are that the DNC and corporate media are essentially trying to usurp your role as voters in choosing who our Democratic nominee will be.

October 12, 2019 “Information Clearing House” –     This, of course, is nothing new, but thanks to Tulsi for reminding us of how “elections” are conducted. In fact, the state long ago corrupted the process and has selected candidates for long as anybody can remember.

How is it possible a cognitively challenged and corrupt hack like Joe Biden is number one in the running—or was until Elizabeth Warren took that spot away from him? It’s possible because Biden is a trusted asset eager to do whatever he is told, same as Obama, Bush the lesser, Clinton (a “brother by another mother”), Bush the elder, Reagan… on and on, down the line. Like Hillary Clinton, the Democrat establishment believes it is Biden’s “turn” to read the teleprompter. All the others, well, they’re spoilers.

Are You Tired Of The Lies And Non-Stop Propaganda?

Get Your FREE Daily Newsletter

No Advertising – No Government Grants – This Is Independent Media

They are attempting to replace the roles of voters in the early states, using polling and other arbitrary methods which are not transparent or democratic, and holding so-called debates which are not debates at all but rather commercialized reality television meant to entertain, not inform or enlighten.

That replacement happened decades ago. Trump won the election because our rulers left the election process intact, arrogantly confident their handpicked candidates will win because only those who have come up through the system are permitted to run. It’s left intact as a public relations gimmick designed to fool the proles who are, regrettably, all too easy to control—or were until Trump appeared on the scene.

Tulsi is spot on about the “debates,” which are nothing of the sort. Indeed, they are a form of televised bread and circuses—bread because most Americans receive some kind of support from the government, and a circus because all circuses are comical, theatrical, and well-scripted.

As for being informed, that’s the last thing the ruling elite want. They have us believe in fantasies so absurd they may as well be props in a Luis Buñuel film—for instance, killing people in foreign lands is humanitarian and the economy is doing great (never mind the unemployed, the homeless, and record debt, both governmental and personal).

In order to bring attention to this serious threat to our democracy, and ensure your voice is heard, I am giving serious consideration to boycotting the next debate on October 15th. I will announce my decision within the next few days. With my deepest aloha, thank you all again for your support.

This is commendable, although, sadly, an almost transparent blip on the political radar screen. Big corporate media will certainly not take notice, and if they perchance do it will be with snide commentary.

The soft totalitarian machine rejects the socialist palliatives of Elizabeth Warren. She appears to be anti-corporatist, and that is inexcusable. Many of our political and social problems are related to the domination of corporations, most of the crony variety.

Elizabeth Warren will be unable to break the corporate stranglehold on America. It is pure insanity to believe otherwise. The Democrat and Republican parties—one party disguised as two—will not savage corporations with taxation and redoubled punitive regulation, not if they wish to remain in Congress and receive money to run obscenely expensive campaigns.

Warren will be overshadowed by the Hildabeast, Hillary Clinton, who is determined to be president. She will enter the race sometime next year, overturning the apple cart of other hopefuls, all spouting the same wealth distribution nonsense because, after all, a well-trained and ceaselessly indoctrinated public, most on a modern version of the Roman Cura Annona grain dole, love free stuff (stolen from others).

No way will the DNC accept Elizabeth Warren as the nominee. She will be subverted, the same way Bernie Sanders was.

Most Americans don’t trust or like Hillary, but that hardly matters.

The days of Trump may soon be over. If he’s not impeached on spurious grounds, he will enter the race under a toxic cloud of accusation and unproven high crimes and misdemeanors greatly amplified by a propaganda media. Polls consistently show he is losing traction, and the MAGA crowd is increasingly disillusioned, unable to realize its populist agenda.

I’m sorry, Tulsi. Your effort to unmask the subversion of the election system will largely fall on deaf ears. As of this morning, the above video garnered a mere 800 views.

It will take more than a “debate” boycott to send the message. It will take a revolution to finally drain Trump’s swamp, end the endless wars, and force transnational corporations and foreign governments (most egregiously Israel) out of the bed they have shared for so long with our “representatives,” who are largely nothing more than self-seeking sociopaths on short leashes.

This article was originally published by “Kurt Nimmo“- 

Do you agree or disagree? Post your comment here

==See Also==

Note To ICH Community

We ask that you assist us in dissemination of the article published by ICH to your social media accounts and post links to the article from other websites.

Thank you for your support.

Peace and joy

Unasked Questions About US-Ukrainian Relations

By Stephen F. Cohen

https://embeds.audioboom.com/posts/7385000-tales-of-the-new-cold-war-1-of-2-broken-ukraine-gets-back-into-the-picture-stephen-f-cohen-n/embed/v4

https://embeds.audioboom.com/posts/7384999-tales-of-the-new-cold-war-2-of-2-broken-ukraine-gets-back-into-the-picture-stephen-f-cohen-n/embed/v4

October 06, 2019 “Information Clearing House” –  The transcript of President Trump’s July 25 telephone conversation with Ukraine’s recently elected president, Volodymyr Zelensky, has ignited the usual anti-Trump bashing in American political-media circles, even more calls for impeachment, with little, if any, regard for the national security issues involved. Leave aside that Trump should not have been compelled to make the transcript public, which, if any, foreign leaders will now feel free to conduct personal telephone diplomacy with an American president directly or indirectly, of the kind that helped end the 1962 Cuban missile crisis, knowing that his or her comments might become known to domestic political opponents? Consider instead only the following undiscussed issues:

  • Even if former vice president Joseph Biden, who figured prominently in the Trump-Zelensky conversation, is not the Democratic nominee, Ukraine is now likely to be a contested, and poisonous, issue in the 2020 US presidential election. How did the United States become so involved in Ukraine’s torturous and famously corrupt politics? The short answer is NATO expansion, as some of us who opposed that folly back in the 1990s warned would be the case, and not only in Ukraine. The Washington-led attempt to fast-track Ukraine into NATO in 2013–14 resulted in the Maidan crisis, the overthrow of the country’s constitutionally elected president Viktor Yanukovych, and to the still ongoing proxy civil war in Donbass. All those fateful events infused the Trump-Zelensky talk, if only between the lines.
Are You Tired Of The Lies And Non-Stop Propaganda?

Get Your FREE Daily Newsletter

No Advertising – No Government Grants – This Is Independent Media

  • Russia shares centuries of substantial civilizational values, language, culture, geography, and intimate family relations with Ukraine. America does not. Why, then, is it routinely asserted in the US political-media establishment that Ukraine is a “vital US national interest” and not a vital zone of Russian national security, as by all geopolitical reckoning it would seem to be? The standard American establishment answer is: because of “Russian aggression against Ukraine.” But the “aggression” cited is Moscow’s 2014 annexation of Crimea and support for anti-Kiev fighters in the Donbass civil war, both of which came after, not before, the Maidan crisis, and indeed were a direct result of it. That is, in Moscow’s eyes, it was reacting, not unreasonably, to US-led “aggression.” In any event, as opponents of eastward expansion also warned in the 1990s, NATO has increased no one’s security, only diminished security throughout the region bordering Russia.
  • Which brings us back to the Trump-Zelensky telephone conversation. President Zelensky ran and won overwhelmingly as a peace-with-Moscow candidate, which is why the roughly $400 million in US military aid to Ukraine, authorized by Congress, figured anomalously in the conversation. Trump is being sharply criticized for withholding that aid or threatening to do so, including by Obama partisans. Forgotten, it seems, is that President Obama, despite considerable bipartisan pressure, steadfastly refused to authorize such military assistance to Kiev, presumably because it might escalate the Russian-Ukrainian conflict (and Russia, with its long border with Ukraine, had every escalatory advantage). Instead of baiting Trump on this issue, we should hope he encourages the new peace talks that Zelensky has undertaken in recent days with Moscow, which could end the killing in Donbass. (For this, Zelensky is being threatened by well-armed extreme Ukrainian nationalists, even quasi-fascists. Strong American support for his negotiations with Moscow may not deter them, but it might.)
  • Finally, but not surprisingly, the shadow of Russiagate is now morphing into Ukrainegate. Trump is also being sharply criticized for asking Zelensky to cooperate with Attorney General William Barr’s investigation into the origins of Russiagate, even thoughthe role of Ukrainian-Americans and Ukraine itselfin Russiagate allegations against Trump on behalf of Hillary Clinton in 2016 is now well-documented.

We need to know fully the origins of Russiagate, arguably the worst presidential scandal in American history, and if Ukrainian authorities can contribute to that understanding, they should be encouraged to do so. As I’ve argued repeatedly, fervent anti-Trumpers must decide whether they loathe him more than they care about American and international security. Imagine, for example, a Cuban missile–like crisis somewhere in the world today where Washington and Moscow are militarily eyeball-to-eyeball, directly or through proxies, from the Baltic and the Black Seas to Syria and Ukraine. Will Trump’s presidential legitimacy be sufficient for him to resolve such an existential crisis peacefully, as President John F. Kennedy did in 1962?

Stephen Frand Cohen is an American scholar and professor emeritus of Russian studies at Princeton University and New York University. His academic work concentrates on modern Russian history since the Bolshevik Revolution and the country’s relationship with the United States.

This article was originally published by “The Nation“- 

Do you agree or disagree? Post your comment here

==See Also==

NYU professor emeritus Stephen Cohen weighs in on the origins of ‘Russia gate.’

Note To ICH Community

We ask that you assist us in dissemination of the article published by ICH to your social media accounts and post links to the article from other websites.

Thank you for your support.

Peace and joy