And it's gone

[5.56NATO]

Fed Will Not Fight Coming Inflation
Financial writer and precious metals expert Craig Hemke predicted in July that silver was about to start a dramatic move higher. He was right. After Tuesday’s smash-down of the metal, Hemke says precious metals investors have nothing to worry about. Hemke explains, “The important thing to understand is the fundamental stuff that has driven gold and silver higher, especially in the last couple of weeks, none of that has changed.
You get these speculative excesses. They traded on the COMEX futures exchange (Tuesday 8/11/20) 1.5 billion ounces of pretend fake digital silver. In a normal non-Covid world, the entire globe mines about 850 million ounces of silver. So, in one day’s trading of the phony baloney plastic silver, they traded two times global mine supply. . . . The picture has not changed fundamentally. They can trade two times global mine supply and you get these speculative excesses that get wrung out, but that just sets you up for the next move higher.”
https://usawatchdog.com/fed-will-not...n-craig-hemke/

US Consumer Prices Surge As Food & Medical Costs Jump
Following yesterday's hotter-than-expected producer price data (led by a surge in energy costs and day-trading), analysts expected CPI to accelerate modestly YoY in July, but it acelerated significantly (rising 1.6% YoY vs +1.1% expected).
https://www.zerohedge.com/personal-f...cal-costs-jump







theyve sold enough paper silver to drop it down to less than $26

[Altarboy]

There is a storm brewing like no other. I've prepared for years, but what I expect to see will be very tough to endure.

[5.56NATO]

Fed partnering with MIT to develop "hypothetical digital currency"
The Federal Reserve Bank of Boston is partnering with the Massachusetts Institute of Technology to develop, test, and research a hypothetical digital currency over a two to three year period.
Federal Reserve Board Governor Lael Brainard said that the Fed is investigating whether a central bank digital currency (CBDC) would be safe and efficient for widespread use.
https://www.foxbusiness.com/money/fe...gital-currency
we have never needed the fed, that would be like needing cancer

100,000 Pasta Boxes And Enough Peanut Butter To Make Nearly 3 Million Sandwiches
According to the Seattle Times, stockpiles of food are being stacked all the way to the roof in “Washington state’s new food warehouse”…
In Washington state’s new food warehouse, there’s enough Jif peanut butter to make nearly 3 million sandwiches.
Barilla pasta boxes stretch to the ceiling, 100,000 in all. Large stacks of TreeTop applesauce, pancake mix and canned green beans sit on pallets, like soldiers waiting to be sent into duty.
http://theeconomiccollapseblog.com/a...ion-sandwiches