Category Archives: Global News

South Africa’s brand new president wants to confiscate land from white farmers

If you’ve been following much international news, you’ve probably heard that, after literally years of scandal, abuse, and incompetence, South Africa’s president Jacob Zuma was finally forced to resign last week.

This is a big deal for South Africa.

The country has been suffering for nearly a decade under Zuma’s corruption.

And people are certainly hoping that the new President, Cyril Ramaphosa, will represent a positive, new chapter for South Africa.

Yesterday Ramaphosa addressed the nation’s parliament in Cape Town and made clear that his priority is to heal the divisions and injustice of the past, going all the way back to the original European colonists in the 1600s taking land from the indigenous tribes.

Ramaphosa called this “original sin”, and stated that he wants to see “the return of the land to the people from whom it was taken… to heal the divisions of the past.”

How does he plan on doing that?

Confiscation. Specifically– confiscation without compensation.

The expropriation of land without compensation is envisaged as one of the measures that we will use to accelerate redistribution of land to black South Africans.

Ramaphosa minced no words: he’s talking about taking land from white farmers and giving it to black South Africans.

Astonishingly, he followed up that statement by saying, “We will handle it in a way that is not going to damage our economy. . .”

Wow, what a relief. For a minute it sounded like South Africa wants to do what Zimbabwe did several years ago.

Oh wait a minute.

That’s exactly what Zimbabwe did.

Seeking to correct similar colonial and Apartheid-era injustices in his country, Zimbabwe’s president Robert Mugabe initiated a land redistribution program in 1999-2000.

Thousands of white-owned farms were confiscated by the government, and the farmers were forced out.

Bear in mind that Zimbabwe used to be known as the breadbasket of southern Africa. Zimbabwe’s world-class farmers were major food exporters to the rest of the region.

But within a few years of Mugabe’s land distribution, food production plummeted.

Without its professional, experienced farmers, the nation went from being an agricultural export powerhouse to having to rely on handouts from the United Nations’ World Food Programme.

Hyperinflation and a multi-decade depression followed.

If there’s an economic model in the world that you DON’T want to follow, it’s Zimbabwe.

And you’d think that the politicians in neighboring South Africa would know that.

They had a front-row seat to the effects of Mugabe’s land redistribution, not to mention they had to absorb millions of starving Zimbabwean refugees who came across their borders.

Yet this is precisely the policy that they want to adopt.

However you might feel about social justice, it seems pretty clear that copying Zimbabwe is a pretty stupid idea… and will only end up hurting the people they claim to be helping.

Yet the president claims that they want to initiate a land redistribution program that won’t impact the economy or South Africa’s food security.

Yeah sure. And I want to be the starting quarterback of the Dallas Cowboys next season.

But sadly you won’t see Simon Black throwing any touchdown passes anytime soon.

That’s because we have to live in a world with certain realities and limitations.

One of those realities is that land distribution, even if you believe the intentions to be noble, never works.

And of course, the most important reality is that anyone who willfully chooses to copy Zimbabwe’s economic model deserves to suffer the consequences of their stupidity.

[You can watch his remarks yourself here: the fun starts around 30:45]

To your freedom,

Signature

Simon Black,
Founder, SovereignMan.com

PUTIN’S RUSSIA TARGETS FIRST OFFENDER PEDOPHILES WITH LIFE IN PRISON!

Kim Dotcom has actionable information about Seth Rich and Wikileaks, but Robert Mueller doesn’t want to hear it, choosing instead to turn his farcical “investigation” in the direction of Jared Kushner.

Meanwhile, Hillary Clinton and her cronies continue to walk free despite being implicated by Qanon to be allegedly involved in the murders of both Seth Rich and Supreme Court Justice Scalia.

And as the FBI continues to reveal itself to be nothing more than a tool of the shadow government, Putin’s Russia targets #Pedogate and pedophiles with a tough new law which will put even first time offenders behind bars for LIFE.

Meet the Italian government’s Orwellian new automated tax snitch

By the end of the 3rd century AD, the finances of ancient Rome were in terminal crisis.

Years and years of debasing the currency had resulted in severe hyperinflation– a period of Roman history known as the Crisis of the Third Century (from AD 235 through AD 284).

During the time of Julius Caesar, for example, the Roman silver denarius coin was nearly 98% pure silver.

Two centuries later in the mid-100s AD, the silver content had fallen to 83.5%.

Image result for evading taxes

And by the late 200s AD, the silver content in the denarius was just 5%.

As the money continued to be devalued, prices across the Empire skyrocketed.

Wheat, for example, rose in price by over 4,000% during the first three decades of the third century.

Rome was on the brink of collapse. And when Emperor Diocletian came to power at the end of the third century, he tried to stabilize the economy with his ill-fated Edict on Wages and Prices.

Diocletian’s infamous decree fixed the price of everything in the Empire. Food. Lumber. Salaries. Everything.

And anyone caught violating the prices set forth in his edict would be put to death.

Another one of Diocletian’s major policies was reforming the Roman tax system.

He mandated widespread census reports to determine precisely how much wealth and property each citizen had.

They counted every parcel of land, every piece of livestock, every bushel of wheat, and demanded from the population increasing amounts of tribute.

And anyone found violating this debilitating tax policy was punished with– you guessed it– the death penalty.

Needless to say, Diocletian’s reforms didn’t work.

Every high school economics student knows that wage and price controls don’t work… and that excessive taxation bankrupts the population.

But that doesn’t stop governments from trying the same tactics over and over again.

Fast forward about seventeen centuries and Italy is once again in the same boat.

The Italian government is one of the most bankrupt in the world; its debt level is an unbelievable 132% of GDP– and rising.

In other words, the Italian government’s debt is substantially larger than the value of the entire Italian economy.

It’s almost as bad as Greece, and it grows worse each year as the national government routinely runs budget deficits.

Their only solution, of course, is hiking taxes and increasing regulation… exactly the opposite of what they should be doing.

And, just like the ancient Romans, the government is on a witch hunt for anyone they think (in their sole discretion) might be dodging taxes.

They already have a system in place called the redditometro, an automated tool for the tax authorities to comb through income and expense records of Italian residents.

The algorithm finds anyone whose expenses were higher than his/her income and presumes that s/he has been evading taxes.

The irony here is pretty profound given that the Italian government itself has expenses that are higher than its income.

After all, that’s how it ended up with such a prodigious debt level.

Earlier this month, however, the Italian tax authorities rolled out a brand new tool called risparmiometro. And this one is really insidious.

Risparmiometro goes through ALL financial records– credit card transactions, bank accounts, investment accounts, etc. to determine whether or not someone has too much savings relative to his/her occuption.

Think of the implication.

Under the redditometro system, if you spend too much money, they think you’re evading taxes.

But under the risparmiometro system, if you save too much money, they think you’re evading taxes.

Unbelievable.

But it gets better.

Risparmiometro (the new tool) also looks at bank activity to see how frequently you’re using the account.

And if you’re not using the account frequently enough, the government assumes that it’s because you’re dealing in cash… and evading taxes.

I have no doubt that there’s a substantial amount of tax evasion in Italy.

I spend several weeks in the country every summer, and I see how much people and businesses are suffering.

And they’re definitely coming up with creative ways to survive.

But rather than take the necessary steps to liberate the economy, the government continues to double down on more taxes and more regulation… and then invest their remaining energy to develop new tools to spy on their citizens.

Two key points here:

1) Nearly ALL bankrupt governments invariably resort to this tactic at some point.

2) It’s also a great way to engineer a banking crisis.

Think about it– Italy’s banks are already teetering on collapse. Some have already failed, others are almost there.

If Italians know that the government is spying on every transaction they make (or don’t make), who in his/her right mind would want to keep money in an Italian bank?

Anyone with half a brain will be moving funds to Switzerland or Austria.

Italy’s banks are so fragile, though, that they won’t be able to survive if even a small percentage of their depositors flee.

So as the Italian government rolls out this new tool in the latest campaign of its tax jihad, they’re all but guaranteeing widespread bank failure.

It’s genius.

To your freedom,

Signature

Simon Black,
Founder, SovereignMan.com

ROTHSCHILD GENOCIDE: INNOVATING THE POPULATION TO ZERO — Deborah Tavares

“We have a demonic force that is taking over.”

Deborah Tavares exposes the trans humanist genocidal plan to drastically reduce the US population through globalist policies including UN Agenda 21, smart cities, 5G and directed energy weapons. The scope and horror of what is unfolding will leave you seething with anger. But it’s not too late – if we educate our friends and neighbors and take action to stop this madness, now.

Visit Deborah’s site StopTheCrime.net for all of her latest information. LUKE 8:17 For there is nothing hidden that will not be disclosed, and nothing concealed that will not be known or brought out into the open.

Clive Maund: The Dollar Has Broken Down And Is Headed Much Lower

Clive says the dollar is expected to drop and probably accelerate to the downside, which should provide a boost for precious metals. Here’s more…

by Clive Maund via Streetwise Reports

The purpose of this update is to try to make sure that you remain aware that the dollar has broken down from a giant top area, and is probably headed much lower, a prospect that is not diminished by the modest countertrend rally of the past week or so. We can see this top area and the breakdown last month to advantage on the latest 4-year chart for the dollar index below. With respect to the dollar, Peter Schiff’s latest comments on it in Raising Rates Reflect Bigger Debt Not Faster Growth are well worth reading. Basically these people expect to “have their cake and eat it” and have gotten away with this up to now—rising bond market, rising stock market, rates low and stable, thanks to allowing uncontrolled expansion of debt and derivatives, but basically they are out of time, which is what the drop in bond markets and consequent plunge in the stock market is signaling.

The dollar’s modest post breakdown rally to the underside of its Broadening Top is a typical post breakdown occurrence, and only increases downside risk by unwinding the earlier oversold condition. With its moving averages in severely bearish alignment it looks set to drop away very soon, and the decline could become precipitous. The reason for this is that a continuation of the current course, where the Fed engages in QT (Quantitative Tightening) and also raises interest rates will quickly implode the debt-wracked economy, so they are likely to abandon the proposed rates rises, unless their intention is actually to crash the markets in order that the Deep State can pin the blame on Trump. Once they abandon the rate rises, the dollar is toast.

On the 6-month chart for the dollar index we see how the dollar rally of the past week or so has unwound the earlier oversold condition and brought it up to the resistance at two trendlines, one being the upper boundary of its recent steep downtrend, and the other being the lower boundary of the Broadening Top shown on the 4-year chart. This is a very good point for it to turn lower again.

To conclude, this looks like an excellent point to short the dollar, which is expected to drop and probably accelerate away to the downside. This should provide a boost for the precious metals sector, which should not be troubled by a falling stock market over the short to medium-term, and even when the stock market does fall again, it should have less or no impact on the precious metals sector, which will increasingly be seen as a safe haven.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Dow Jones Correction And Crash Levels: A Chart All Investors Must See

by Steve St Angelo of SRSrocco Report

As the Dow Jones Index continues to drop like a rock, the worst is yet to come.  Today, investors once again plowed into the markets because they are following the Mainstream Financial advice of BUYING THE DIP.  Unfortunately, those who bought the dip before yesterday’s 1,032 point drop and the 400+ point drop this afternoon, have thrown good money after bad.

Of course, we could see a late day rally to calm investor’s nerves…. but we could also see an increased sell-off.  Either way, I could really give a rat’s arse.  Why?  Well, let’s just say the Dow Jones Index has a long way to fall before it gets back to FAIR VALUE.  However, my fair value is likely much lower than the Mainstream analysts’ forecasts.

I wanted to publish this post today but will be putting together a Youtube video with more detail this weekend.  However, let’s take a look at the Dow Jones Index chart from my Youtube video:

If you haven’t seen this video, I highly recommend that you do.  When I published that video, the Dow Jones Index was trading at 26,100.  Today it is already down to 23,400.  However, as I stated, we have much further down to go.  Here is my newest chart:

While the Dow Jones Index has already declined by 2,500 points since my first chart, I wanted to provide the different correction and crash levels as I see it taking place on the Dow Jones Index in the future.  The first level the Dow Jones will reach its Support level at about 18,000 points.  Once this level is broken, then it breaks down to the 200 Month Moving Average (RED line) at 13,000.  Who knows how long it would take to get down to 13,000, but it will.

As you can see, the Dow Jones Index fell below its 200 Month Moving Average in 2009, so this isn’t anything new.

However, the ULTIMATE FAIR VALUE for the Dow Jones Index when we factor in the Dire Energy Predicament is about 3,000 points:

I will discuss this in the next video.

Happy Trading to the POOR SLOBS who continue to throw money in this market.

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This may be the beginning of the Great Financial Reckoning

Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years.

And the numbers are pretty gruesome.

In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1 trillion this fiscal year.

Then nearly $1.1 trillion next fiscal year.

And up to $1.3 trillion the year after that.

This means that the national debt will exceed $25 trillion by September 30, 2020.

Remember, this isn’t some wild conspiracy theory. These are official government projections published by the United States Department of Treasury.

This story alone is monumental– not only does the US owe, by far, the greatest amount of debt ever accumulated by a single nation in human history, but $25 trillion is larger than the debts of every other nation in the world combined.

But there are other themes at work here that are even more important.

For example– how is it remotely possible that the federal government can burn through $1 trillion?

Everything is supposedly totally awesome in the United States. The economy is strong, unemployment is low, tax revenue is at record levels.

It’s not like they had to fight a major two front war, save the financial system from an epic crisis, or battle a severe economic depression.

It’s just been business as usual. Nothing really out of the ordinary.

And yet they’re still losing trillions of dollars.

This is pretty scary when you think about it. What’s going to happen to the US federal deficit when there actually IS a financial crisis or major recession?

And none of those possibilities are factored into their projections.

The largest problem of all, though, is that the federal government is going to have a much more difficult time borrowing the money.

For the past several years, the government has always been able to rely on the usual suspects to loan them money and buy up all the debt, namely– the Federal Reserve, the Chinese, and the Japanese.

Those three alone have loaned trillions of dollars to the US government since the end of the financial crisis.

The Federal Reserve in particular, through its “Quantitative Easing” programs, was on an all-out binge, buying up every long-dated Treasury Bond it could find, like some sort of junkie debt addict.

And both Chinese and Japanese holdings of US government debt now exceed $1 trillion each, more than double what they were before the 2008 crisis.

But now each of those three lenders is out of the game.

The Federal Reserve has formally ended its Quantitative Easing program. In other words, the Fed has said it will no longer conjure money out of thin air to buy US government debt.

The Chinese government said point blank last month that they were ‘rethinking’ their position on US government debt.

And the Japanese have their own problems at home to deal with; they need to scrap together every penny they can find to dump into their own economy.

Official data from the US Treasury Department illustrates this point– both China and Japan have slightly reduced their holdings of US government debt since last summer.

Bottom line, all three of the US government’s biggest lenders are no longer buyers of US debt.

There’s a pretty obvious conclusion here: interest rates have to rise.

It’s a simple issue of supply and demand. The supply of debt is rising. Demand is falling.

This means that the ‘price’ of debt will decrease, ergo interest rates will rise.

(Think about it like this– with so much supply and lower demand for its debt, the US government will have to pay higher interest rates in order to attract new lenders.)

Make no mistake: higher interest rates will have an enormous impact on just about EVERYTHING.

Many major asset prices tend to fall when interest rates rise.

Rising rates mean that it costs more money for companies to borrow, reducing their leverage and overall profitability. So stock prices typically fall.

It’s also important to note that, over the last several years when interest rates were basically ZERO, companies borrowed vast sums of money at almost no cost to buy back their own stock.

They were essentially using record low interest rates to artificially inflate their share prices.

Those days are rapidly coming to an end.

Property prices also tend to do poorly when interest rates rise.

Here’s a simplistic example: if you can afford the monthly mortgage payment to buy a $500,000 house when interest rates are 3%, that same monthly payment will only buy a $250,000 house when rates rise to 6%.

Rising rates mean that people won’t be able to borrow as much money to buy a home, and this typically causes property prices to fall.

Of course, higher interest rates also mean that the US government will take a major hit.

Remember that the federal government already has to borrow money just to pay interest on the money they’ve already borrowed.

So as interest rates go up, they’ll be paying even more each year in interest payments… which means they’ll have to borrow even more money to make those payments, which means they’ll be paying even more in interest payments, which means they’ll have to borrow even more, etc. etc.

It’s a pretty nasty cycle.

Finally, the broader US economy will likely take a hit with rising interest rates.

As we’ve discussed many times before, the US economy is based on consumption, not production, and it depends heavily on cheap money (i.e. lower interest rates), and cheap oil, in order to keep growing.

We’re already seeing the end of both of those, at least for now.

Both oil prices and interest rates have more than doubled from their lows, and it stands to reason that, at a minimum, interest rates will keep climbing.

So this may very well be the start of the great financial reckoning.

To your freedom,

Signature

Simon Black,
Founder, SovereignMan.com