Kerry Lutz's--Financial Survival Network

Sure enough we came back from the Labor Day Weekend Holiday and gold was down, but then it did an upside reversal and it's up nearly $12 per ounce. Just like Craig Hemke said it would. And the reasons are quite clear, real interests rate which have been negative are getting even more negative, with no end in sight. But according to Craig, if you're a precious metals investor or mining stock investor, the best is yet to come. (It's up again on Wednesday $15+)

What passes for wisdom in Washington DC and the halls of government is always subject to question. The establishment has taken on President Trump and has absolutely no idea what they're up against. From his relentless war on corruption and wasteful government spending, to his success at realigning trade deals and military alliances, Washington has never seen a president like him before and probably never will again. And, after nearly four years, he shows no signs of letting up. Doug Wead masterfully gives us the true story of the Trump Whitehouse in his book, Inside Trump's Whitehouse: The Real Story of his Presidency. 

According to noted columnist Star Parker, there's nothing as racist as the current welfare system. It embeds low expectations for blacks and encourages absentee fathers and the destruction of the black family. Ms. Parker believes that doing away with welfare will do away with most of the ills that plague the black community across America. It's not the racism of the right that is keep them down, it's the racism of the left. 

Joy Villa was leading a typical Hollywood story. Successful, popular and hopelessly liberal. And then she had an epiphany. She came to understand that things weren’t as they as they seemed. President Trump, rather than being the anti-Christ racist he was claimed to be, had actually done more for blacks than any president before him. This led to a number of pro-Trump displays including Trump dresses at the Grammys, which inevitably led to her ostracism by Hollywood. But Joy is undaunted and says there are many more like her in Hollywood; But they need to remain silent to protect their careers. 

The Dems have blown it, regardless what the fraudulent polls may say. Who would ever believe that mass rioting could be the key to the Whitehouse? Instead they’ve alienated the working class and we’re starting to see mass defections among minorities, who were the Dems most loyal voters. This will inevitably lead to Trump’s re-election and 4 more years. And don’t forget, when the pollster calls you, lie to them. This will help destroy the fraudulent science of polling, which is now used to help determine the outcome, rather than reflect it. 

Debbie Bloyd reports: After new- and existing-home-sales soared in July, analysts expected the rebound in pending-home-sales to slow dramatically, and while it did, it beat expectations - rising 5.9% MoM (vs +2.0% expectations).

This leaves pending home sales up a stunning 15.4% YoY...the biggest annual jump since Oct 2012

This is the highest level for the pending home sales index since Oct 2005...

Source: Bloomberg

“We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement.

Anecdotally, agents are saying that “scarce inventory remains a problem,” Yun said.

Pending home sales rose 25.2% in the Northeast and 6.8% in the West. Gains were smaller in other regions, with a 3.3% increase in the Midwest and 0.9% in the South.

The numbers: The index of pending home sales rose 5.9% in July as compared with June, the National Association of Realtors reported Thursday.

It is the third consecutive month in which the level of Americans signing contracts to purchase homes has risen. Home sellers are going under contract in record time, the trade group reported.

Extensive discuss with Craig Hemke a/k/a Turd Ferguson. It's all about negative real interest rates. The Fed can under no means allow interest rates to rise. This means that as inflation kicks up, real interest rates will turn decidedly negative, maybe by as much as 300 to 400 basis points. When was the last time we saw anything like that? In the late 1970's-1980's, when gold hit it's then all time of $850 per ounce. Craig thinks we could very well be heading there soon. So look out above, higher precious metals prices are just around the corner. And there's very little resistance above $2080, so this move could be epic.

Stock markets were up again: Dow up 27.6%, S&P 500 up 7% Nasdaq finished at at record 11774, up 9.6%, but TSX.V up again 4.2%percent. VIX at a still above average at 26.40. Dollar was down another 1.3% and Euro gained 1.3%.  10 Year yield was up 30.9%. Bitcoin rose 3.5% during the month. Gold was near flat at -0.3% to 1976. Silver rose another meteoric 15.4% to 28.14. Even PT was up 3.1%. PD ended up 7.9% for the month. Copper rose 4.8% to $3.03 . WTI up 5.9%. Brent 4.4%. Natgas rose 5.3% to 1.80 per mm. Uranium was flat at 32.95

Ratios: Au/Ag 69.9 - Pt/Au .47 - Pt/Pd .43 - BRT/WTI 1.06 WT/HH 16.2 and AU/WTI 46.2. 

The tragic shooting of Jacob Blake in Kenosha, Wisconsin has led to several nights of looting, firebombing and violence which has now forced that city to issue a curfew. But how much of the violence and looting was triggered by legitimate anger over the shooting and how much of it is being led by outside agitators?

"Unfortunately we are seeing more and more protesters not connected to the community taking advantage of an unfortunate situation to cause destruction," says Law Enforcement, Intelligence & Counter Terrorism Expert Brian Boyd (see short bio below).

Kenosha Sheriff David Beth said social media is attracting demonstrators -- and he believes they are rebels without a cause  - calling them professional agitators who come from other places and don't care. 

Rusten Sheskey, a seven-year veteran of the Kenosha Police Department, has been charged with shooting Blake in the back seven times. The Department of Justice also confirms it has opened a civil rights investigation into the incident. Blake admitted to investigators he had a knife at the time. It was recovered from his vehicle but no other weapons were found.

So what's the truth?

Virus not as dangerous as thought

https://www.worldtribune.com/unreported-cdc-numbers-only-6-percent-of-153504-virus-deaths-were-solely-from-covid/

Video of Warren Buffett totally confused by negative interest rates

https://www.dollarcollapse.com/warren-buffett-doesnt-understand/

Ohio police and firefighter pension fund to allocate 5% to gold      http://www.gata.org/node/20447   

Simon buying up busted retailers

https://www.washingtonpost.com/business/2020/08/26/simon-property-group-malls/

Is the robo-apocalypse getting closer? 

AI piloted plane beats top gun pilot in dogfight

https://www.wired.com/story/dogfight-renews-concerns-ai-lethal-potential/

Noted radio show host Joe Messina joined us for a convention review. The RNC appears to have hit a home run, while the DNC fouled out. The RNC cast America in a positive light, where as the DNC was a scene out of Cat On A Hot Tin Roof.

Is it time to start shooting violent looters and rioters? White Antifa and BLM rioters are burning down black businesses. Makes sense right? Did you say there’s rioting going on? I’m shocked.