Monday, July 27, 2020

'Pomp' & Schiff On Bitcoin & Bullion

'Pomp' & Schiff On Bitcoin & Bullion Tyler Durden Mon, 07/27/2020 - 13:10 Via SchiffGold.com, Peter Schiff did a live show with Anthony Pompliano on Sunday to talk about gold, silver, bitcoin and crypto. Known as “Pomp,” Pompliano is co-founder and partner at Morgan Creek Digital, “a multi-strategy investment firm focused on providing access to blockchain technology and digital assets.” At the time of the recording, gold had just broken its all-time record. “I’ve been waiting since 2011 for gold to take out that high,” Peter said. Meanwhile, bitcoin had climbed above $10,000. Peter pointed out the last three times this has happened, bitcoin got killed. “So, the question is, is the fourth time the charm for bitcoin? It’s put up or shut up for bitcoin. It’s got to hold $10,000 now, don’t you think?” Peter asked. Pomp brought up one thing both he and Peter can agree on — the macroeconomy is screwed up and something other than what’s going on has to be the solution, whether its gold or bitcoin. “Oh yeah, look,” Peter said, “The dollar index is tanking tonight. … This is a big deal — the weak dollar. People are trying to get out of the dollar. I think the dollar is going to crash.” Peter asked a poignant question: how is the Fed going to stop the dollar from falling? Here are some of Peter’s other highlights from the discussion “Once the dollar starts to fall, it takes on a life of its own. … If the dollar is going to fall, and people believe it is going to fall, they’re going to dump those bonds. And then they’re going to dump the dollars. So, as the dollar goes down and more people want to get rid of it, the only way the Fed could try to stop the dollar from falling would be to let interest rates rise sufficiently to offset the risk of holding dollars. So, maybe we would have to start offering 5 or 10% interest on Treasuries. But who the hell can afford that?” “We’re printing forever. It’s zero percent forever. So now the bottom’s going to drop out of the dollar; I think gold’s going to go through the roof.” “Gold can go to infinity because the dollar can go to zero.” “I can take my gold and use it. I can make a ring out of it.” “The reason I knew that gold had not peaked was gold has been rising against the US dollar ever since the Federal Reserve came into existence. … The US dollar has now lost 99% of its original value. So I knew that that long trend that had been going on for so many years was going to continue. You don’t have that kind of history with bitcoin.” “[Bitcoin] is not a store of value. It’s been a speculative asset, digital asset, that has gone up in market price. But there is no underlying value in bitcoin, so there’s nothing to store.” “The bitcoin is not stable enough to price goods and services directly in bitcoin.” “The world’s central banks, all these countries all around the world, that have their own fiat currency, they’re not going to abandon that fiat currency. But they have to find something else to back it with so that it maintains stability and so that their citizens have confidence in it. Right now, it’s backed by dollars. But if the dollar is in freefall and people lose confidence in the dollar, these other fiat currencies need to be backed by something. And what I think they’re going to get backed by is gold. Governments are going to turn to gold.” “There’s not an unlimited supply of gold. There is a limited supply. … The supply of gold, ever since we’ve been mining gold, the supply increases by about 1% per year. That’s it. That’s all the gold you can get.” “People can trust gold as real. It’s been here for a long time. It has all sorts of uses and all sorts of industries. Bitcoin is just brand new. It has no substance. You have to just trust the miners and all these people … and you have to trust people are going to want it.” “I am working in the banking world. Bitcoin is poison when it comes to banking.” “Gold measures the value of fiat currencies. It measures the value of the dollar. We have a lot more dollars in circulation today than we have in 2011. And more importantly, the supply of dollars is set to increase much faster  than that supply was set to increase back then (in 2011).”
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Sunday, July 26, 2020

Corona Debunked by Biochemistry

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Yoho Resigns From Bread-Themed Charity For Calling AOC Out On Bread-Themed Bull$hit

Yoho Resigns From Bread-Themed Charity For Calling AOC Out On Bread-Themed Bull$hit Tyler Durden Sun, 07/26/2020 - 14:00 Rep. Ted Yoho (R-FL) has resigned from the board of directors of the Christian charity, Bread for the World, after he allegedly told Rep. Alexandria Ocasio-Cortez (D-NY) she was "disgusting" and a "fucking bitch" over her comments excusing the rampant violence, looting and property damage during the ongoing BLM protests as nothing more than people who "feel like they either need to shoplift some bread or go hungry that night." AOC on increased NYC crime: "Maybe this has to do with the fact that people aren't paying their rent & are scared to pay their rent & so they go out & they need to feed their child & they don't have money so... they feel like they either need to shoplift some bread or go hungry." pic.twitter.com/oHSTWWJZ6a — The Hill (@thehill) July 12, 2020 The bipartisan organization devoted to targeting hunger and poverty around the world said in a Saturday statement that it called for Yoho's resignation, as his actions are "not reflective of the ethical standards expected of members of our Board of Directors," according to The Hill. Bread indeed... Hungry Americans foraging for bread. Sadly this beauty supply store was out. pic.twitter.com/G0a2E5IrnD — James Woods (@RealJamesWoods) July 19, 2020 I mean, they just "need to shoplift some bread or go hungry." @redsteeze pic.twitter.com/DRTR4bQip5 — I Might Be Donna (@Crypsis12) July 12, 2020 Watch the necessary and justified looting of this shoe-shaped bread in @AOC’s district. pic.twitter.com/O9OL3LfEG0 — Benny (@bennyjohnson) July 18, 2020 As the Heritage Foundation notes:  New York recorded 528 shootings from the beginning of the year to the end of last month. Year-to-date, New York City has seen a 53.5% increase in shooting incidents, a 63% increase in shooting victims, and a 27% increase in murders. Burglary has also increased 45% and theft of automobiles is up 61%. This spike in violent crimes follows months of anti-police protests and riots, as well as New York City’s decision to disband the New York City Police Department Anti-Crime Unit. Following the altercation - which Yoho denies happened, AOC took to the floor of the House, where she dropped an F-bomb in a dramatic recounting of the alleged exchange. We wonder if Yoho come under similar scrutiny if he made the alleged comments to a male colleague?
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Universities Across America Want Students To Read This Book. We Did It For You...

Universities Across America Want Students To Read This Book. We Did It For You... Tyler Durden Sun, 07/26/2020 - 13:35 Authored by Maria Copeland via CampusReform.org, Amid a nationwide call for anti-racist education, White Fragilityby Robin DiAngelo has gained massive popularity and university endorsement.  The book, which shot to the top of best-seller lists following the death of George Floyd and subsequent widespread movements, has been highlighted on recommended reading lists by universities nationwide, including Ivy League schools such as Cornell, Harvard, and Yale. Campus Reform decided to find out why.  The angle that sets this book apart from similar texts is likely its development of “white fragility” as the catalyst of all racial conflict.   White fragility, according to DiAngelo, is a phenomenon that occurs when people of color confront white people on race-related issues. Categorically, white people will react with “a range of defensive responses,” which include “emotions such as anger, fear, and guilt and behaviors such as argumentation, silence, and withdrawal from the stress-inducing situation” and which “work to reinstate white equilibrium as they repel the challenge, return our racial comfort, and maintain our dominance within the racial hierarchy.” This behavior, DiAngelo clarifies, “is born of superiority and entitlement. White fragility is not weakness per se. In fact, it is a powerful means of white racial control and the protection of white advantage.”  Essentially, she argues that white people’s distaste for racial confrontation is responsible for perpetuating white supremacy.  Additionally, DiAngelo recognizes that white people do not like to be classified at large under a broad category, and she predicts throughout the text that white readers will reject her arguments because of this sensitivity, which is a tendency that they must simply learn to overcome. DiAngelo makes the case that “racism is deeply embedded in the fabric of our society,” saying that all racist acts stem from institutional racism. This means that “only whites can be racist” because “in the United States, only whites have the collective social and institutional power and privilege over people of color.” She acknowledges the occurrence of individual racist acts, but says such actions are “part of a larger system of interlocking dynamics.” Consequently, according to her standards, racism is a behavior unique to white people that cannot be demonstrated by people of color. Not only have all white people demonstrated racism, DiAngelo says,  but they are doomed to do so indefinitely. She suggests that there is no way for white people to grow up without being racist, because white parents cannot raise their children in such a way that they do not benefit from and perpetuate racism in America. Not only that, but white parents cannot teach their children not to be racially prejudiced, and if they train their children not to express racism verbally, they are only teaching censorship.  Further, she suggests, race always influences a situation, so there is nothing coincidental about the color of someone’s skin and any conflict in which they are involved: “On some level, race is always at play, even in its supposed absence.”  Another concept DiAngelo redefines is that of white supremacy.  “White supremacy describes the culture we live in, a culture that positions white people and all that is associated with them (whiteness) as ideal. White supremacy is more than the idea that whites are superior to people of color; it is the deeper premise that supports this idea—the definition of whites as the norm or standard for human, and people of color as a deviation from that norm.”  Under this description -- which neglects to acknowledge the impact of its traditional connotations, such as ties to the KKK -- all white behavior can be categorized as not only racist but also as white supremacist. No one likes to be broadly categorized, but the author anticipates that and understands such behavior to be yet another manifestation of white fragility. DiAngelo asserts that black women were unable to vote until 1964, explains that “there was no concept of race before the need to justify the enslavement of Africans,” and ultimately descends into reflecting on the nature of white and black identity.  “White is a false identity, an identity of false superiority. In that sense, whiteness isn’t real. The dream is the 'perfect world,' unpolluted by blacks. If whites are to construct this world, blacks must be separated through state violence. Yet they still must exist, for the existence of blacks provides the needed other against which whites may rise. Thus, white identity depends in particular on the projection of inferiority onto blacks and the oppression this inferior status justifies for the white collective.”  The book’s primary points, distilled:  * White people must acknowledge the grim consequences of their actions, although they are far too frail to do so * White people are responsible to repair a system in which racism runs rampant, although nothing they can do will ever be enough  * White guilt is unhelpful because it does not advance any real change, although white people must reflect seriously on the extent of what they have done  * White people should be appalled at what they have brought about, although 'white women’s tears' only exacerbate the situation and reinforce white privilege You're Welcome, America!
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Video: Colorado BLM Protester Shoots Fellow Demonstrator While Aiming at Car That Sped Through Crowd on Highway

Shootings at BLM protests occurring at greater frequency.
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Infowars

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