The Oscars – Gold Plated and Debased Like Dollar

The Oscars – Worth Their Weight in Gold?

  • 89th Oscars to air this weekend
  • Oscars have been dipped in 24 karat gold since 1929
  • If the Oscars were made of solid gold they would weigh 330 ounces
  • 330 ounces of gold is worth $408,210 at today’s prices (nearly €400k & £330k)
  • Oscars cannot be sold, making them a tricky investment piece
  • Steven Spielberg keeps his gold Oscar with the Academy for ‘safe-keeping’
  • Shows importance of owning gold in safest ways
  • Price of gold has climbed from $20.67 since the first Oscars ceremony to over $1,237 today

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‘We All Dream In Gold’ read the strap line for last year’s Academy Awards. This is no doubt still the case for the nominees of the 24 awards set to be given out at this Sunday’s 89th Oscars.

Since the first awards in 1929 nearly 3,000 oscar statues have been awarded to the lucky darlings of the film industry. After the teary speeches, after-parties and press junkets following their win, what is left for those who have achieved the highest-level of recognition in the film industry?

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Winning an Oscar is an expensive business, studios spend millions trying to get their hands on at least one, each year. But film and celebrity is a fickle trade and few people can remember who received Oscars last year, let alone when they were first launched in 1929.

How much value do they really bring?

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How the Corporate Media Continues to Use the Russia Scapegoat as a Distraction from Status Quo Failure

Countless observers have noted the obvious fact that the corporate media’s all-encompassing obsession with anti-Russia hysteria is partly just a shameless campaign to prevent change within the Democratic Party by blaming its loss on an outside enemy as opposed to the oligarch-coddling, corrupt disaster it nominated. While true, the strategy is far bigger than that. So called Western elites have failed miserably across the globe, and the only way to retain their undeserved positions of power (many should be in jail), is to create and promote a mindless, highly emotional, non-domenstic distraction. Enter Russia.

Read the rest here.

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Double Down: Narcissus peers into the swamp

As markets in the US continue to hit new all-time highs, Donald Trump sees his own reflection in those ever-rising prices. Double Down talks to market analyst, Karl Denninger of Market-Ticker.org to discuss whether or not markets are euphoric simply because of Trump’s tax promises and whether or not Trump will see his own reflection when markets inevitably come crashing back down to earth. They also discuss the role of the ultimate form of corporate narcissism in the share buyback frenzy and any role this may be playing in the current rally.

Click this image to listen!


The Criminalization of Financial Independence

Just as the “war on drugs” criminalized and destroyed large swaths of African-American and Latino communities, the “war on cash” will further criminalize the few remaining avenues to financial independence and freedom. The introduction of “entitlement” welfare in the 1960s generated a toxic dependency on the state that institutionalized worklessness, a one-two punch that undermined marriage and family in America’s working class of all ethnicities.

The “war on drugs” launched in the 1970s turned millions of American males into felons with severely restricted rights and opportunities in mainstream America.

Now we see the same destructive pattern repeating with “disability” being the new “welfare” and “legal” synthetic heroin (oxycotin etc.) being the new street-smack that lays waste to entire communities. Once you’re dependent on the state for disability and synthetic smack, you are owned by the government, lock, stock and barrel.

When the temptation to sell your $3 Medicaid prescription for synthetic smack for a quick $1000 becomes too much to resist, bang, you’ve got a one-way ticket into the Hell of America’s criminal “justice” system. Do you see the pattern? Offer the blandishments of “free money” and nearly free synthetic smack, and the vulnerable populace is quickly reduced to a dependent state of worklessness and addiction.

Needless to say, an addicted, ill, workless populace that is herded into the grinder of the criminal justice system isn’t going to create any political resistance. They have their hands full just trying to stay alive and avoid being sucked into the voracious maw of the criminalization meat grinder.

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Gold To Rise – Real Chinese Gold Demand Higher Than “Official” Demand

Frank Holmes joins Lawrie Williams, Koos Jansen and many others in questioning the “official” Chinese gold demand numbers. Real gold demand is likely much higher than the official numbers

by Frank Holmes

Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January is the second straight month for rates to be above the Federal Reserve’s target of 2 percent.

US Inflation Zooms up 5 Year High

Air fares are also climbing, and speaking of air fares, billionaire investor Warren Buffett added to his domestic airline holdings, we learned last week. Buffett’s holding company, Berkshire Hathaway, is now the second-largest holder of American Airlines, with an 8.79 percent share of the company. It also increased its holdings in Delta Air Lines by over 800 percent, to 60 million shares. The company now owns 43.2 million shares of Southwest Airlines, and it increased its stake in United Continental to about 28 million shares.

A March rate hike now looks all but imminent. Many economists—including the Goldman Sachs economists I had the pleasure to hear speak this week—expect to see at least three such hikes this year alone.

Gold responded accordingly, closing above $1,240 for the first time since soon after the November election. Below you can see the gold price charted against the inflation-adjusted 10-year Treasury yield, which is now in subzero territory.

Read full story here…

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U.S. Colleges Continue to Get Ripped Off by Hedge Funds

This post covers a theme I’ve discussed on many occasions over the past several years, namely how “alternative asset managers” are making enormous sums of money by ripping off public pensions as well as college endowments. Send this to anyone who naively tells you we live in a meritocracy. The sad truth of the matter, is we operate within an economy which incentivizes all of the worst types of behavior, where people can earn millions of dollars a year while failing…

Read the rest here.

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Over-Regulation Has Criminalized the Practice of Medicine

The average person has little exposure to the criminalization of everyday enterprise in America via over-regulation and outsized penalties for even accidental violations of rules and regulations. One field that continues to be burdened with excessive/counter-productive regulations and outsized penalties is the practice of medicine.

I received the following email from a physician correspondent:

“As you will see, physicians have to deal with the federal government’s increasingly crazy and copious rules (like which patients they can screen for disease and how often).

The following is an email ad I received for an expensive service that provides no benefit to the ill and injured of America. It’s bureaucratic nonsense.”

Here is the email ad:

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[KR1035] Keiser Report: Ingredients for a New Global Crisis

We discuss an EU blinded by hate and a currency unpegging from the dollar . . . watch what happens. In the second half Max continues his interview with Nomi Prins, author of ‘All the Presidents’ Bankers’, about Trump’s cabinet and advisers of the Goldman Sachs swamp.


Putin Gold Buying Is Back – Buys One Million Ounces In January

Russia Gold Buying Returns – Adds Substantial One Million Ounces To Reserves In January

Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion.

The increase in the gold reserves came after Russia did not buy a single ounce in December – a move seen as potentially a signal or an olive branch to the U.S. and the incoming Trump administration.

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It also came after Russia had accelerated its gold buying in the final months of the Obama Presidency. October 2016 saw an increase of 1.3 million ounces or 48 metric tonnes and this was the largest addition of gold to the Russian monetary reserves since 1998. Indeed, it was the biggest monthly gold purchase in this millennium for the Russian central bank.

November 2016 saw another increase of 1 million ounces. Some analysts saw the increased Russian gold buying as a parting ‘gift’ and warning shot by Putin and Russia to his rival outgoing President Obama and the monetary and financial elites in the U.S.

Russian gold reserves increased a very large 199.1 tonnes in 2016 alone.

Read full story here…

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The Billionaire-Owned, Corporate Media is as Worthless as Ever

Rather than focus its journalistic energy on chronicling the economic insecurity plaguing so many of our fellow Americans, the billionaire-owned corporate media appears entirely obsessed with chattering endlessly about Russia conspiracy theories and domestic coup plots. Instead of looking in the mirror and admitting how its countless errors and propaganda pushing led to multiple humanitarian disasters over the last couple of decades, the oligarch-owned mainstream media insist upon a narrative that Trump the individual is at the root of our problems, as opposed to an entrenched executive branch with excessive power. This is because the mainstream media isn’t actually concerned about our cancerous, systemic metastasizing statism, it merely doesn’t want Trump in charge of it. I, on the other hand, want to dismantle that unconstitutional state entirely and transfer power to the American people where it belongs — self-government. Does anyone actually think for a second the media would be this adversarial if Hillary won?

Read the rest here.

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There’s a Difference: Fake News and Junk News

The mainstream media continues peddling its “fake news” narrative like a desperate pusher whose junkies are dying from his toxic dope. It’s slowly dawning on the media-consuming public that the MSM is the primary purveyor of “fake news”– self-referential narratives that support a blatantly slanted agenda with unsupported accusations and suitably anonymous sources.

Many of these Fake News Narratives are laughably, painfully bogus: that President Trump is a Russian tool, to take a current example. (That President Obama was a tool of the neocon Deep State–no mention of that. According to the MSM, America doesn’t even have a Deep State–har-har…the joke’s on you if you are credulous enough to swallow this risible absurdity.)

But the real danger isn’t fake news–it’s junk news. Junk News (the title of a 2009 book by an Emmy Award–winning journalist– Junk News: The Failure of the Media in the 21st Century) —is related to Junk Science and Junk Food.

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Gold The “Ultimate Insurance Policy” as “Grave Concerns About Euro” – Greenspan

“The eurozone isn’t working …” warns Greenspan

“I view gold as the primary global currency” said Greenspan

“Significant increases in inflation will ultimately increase the price of gold”

“Investment in gold now is insurance…”

euro-gold-greenspanSource: Getty

Alan Greenspan, the former head of the Federal Reserve has warned that the euro may collapse, saying that he has “grave concerns” about its future.

The imbalances in the economic strength of euro area countries make the continued function of the single currency area a primary concern, said former US Federal Reserve chairman Alan Greenspan in an interview (February issue of “Gold Investor”) with the World Gold Council.

He suggests the inequality is largely down to a north/south geographical divide which means the division between the northern and southern EU countries is too big. The bloc’s more prosperous nations such as Germany consistently fund the deficits of those in the south, and that simply can’t go on, said Greenspan.

“The European Central Bank (ECB) has greater problems than the Federal Reserve. The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro,” he said.

“And I have grave concerns about the future of the euro itself… The eurozone is not working”, added Greenspan.

Greenspan, chairman of the Federal Reserve from 1987 and 2006 has consistently been critical of the eurozone and the European Monetary Union (EMU). He has long maintained that the eurozone was doomed to fail because the impact of the divergent cultures and economies in the bloc has been grossly underestimated.

Read full story here…

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