This Week in Commie News

Cliff Kincaid: Obama Celebrates Slave Labor Day in Red China

Obama, now in Communist China for the G-20 meeting, has accepted a new and improved version of communist disinformation. He wants the American people to believe that the rulers in Beijing are going to comply with a new climate change agreement to restrict their own industries, which drive their military buildup.

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Julie Burchill: Why I was wrong to admire Stalin

Still, Stalinism was a good way of chucking cold water on the unbearably twee twitterings about anarchy on the part of my punk compadres – twitterings that seem to me, looking back, to have been an early precursor of identity politics: one big scream of ME, ME, ME from people whose dark secret was/is that they really weren’t/aren’t very interesting.

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Admirers were always giving me trinkets – communist badges, lovely red ribbons, real Soviet caps. I shudder with nausea when I remember the way I used to admire myself in them, pouting into the mirrors that I snorted speed off of. “I’m a sexy teenage communist!” I would gloat. But I spat blood whenever I saw a fellow punk sporting a swastika. Why? What was the difference? My side had killed 20 million.

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Vanity Fair: Brilliant: Kim Jong Un Bans Sarcasm in North Korea

The Independent reports that North Korean party officials held several mass meetings across the country in an attempt to warn citizens that criticizing the state via indirect, ironic statements such as “This is all America’s fault” would be illegal and “unacceptable.” And the consequences for disobeying are particularly unfunny: according to the nonprofit group Liberty in North Korea, any criticism of the government—including, apparently, the North Korean version of “Thanks, Obama”—“is enough to make you and your family ‘disappear’ from society and end up in a political prison camp.” 

No Ushanka for you!

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CNN:  North Korea fires 3 ballistic missiles; Japan calls it 'serious threat'

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NextShark: Man Illegally Documents Trip to North Korea, Smuggles a Ton of Photos Home

North Korea was one of the most fascinating places to visit, but we must not forget that its uniqueness is created by the great suffering inflicted onto North Koreans. Before going, I was worried I would at some point laugh because of its absurdities and get into trouble, but the reality of it was not funny at all, it was disturbing and depressing.

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UPI: North Korea suspected of developing sophisticated chemical weapons

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The Communist Party USA (CPUSA) is backing a presidential candidate suspected of having Parkinsons disease.

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The Worker's World has chosen to support a presidential candidate suspected to be suffering from Raynaud's phenomenon.

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The Black Lives Matters (BLM) and New Black Panther Party are throwing their support behind a candidate who is still suffering the consequences of a stroke from 2014.

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The Socialist Party USA has announced their candidates for President and Vice-President of the United States:

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A look back, from Gary Saul Morson.

The house is on fire!  On the hidden horrors of Soviet life.

Contrary to what liberals might presume, Soviet ethics taught one to overcome, not foster, natural sympathy for the suffering of others, which might make one hesitate to kill a class enemy. In November 1918, Felix Dzerzhinsky, founder of the Cheka, published an article in the journal Red Terror in which he instructed:

We are not waging war against individual persons. We are exterminating the bourgeoisie as a class. During the investigation, do not look for evidence that the accused acted in deed or word against Soviet power. The first questions that you ought to put are: To what class does he belong? What is his origin? What is his education or profession? And it is these questions that ought to determine the fate of the accused.

It was no big step to extend the notion of enemy classes to enemy peoples, like the Cossacks, Chechens, or Crimean Tatars.

He mentions two books that I'll be considering:

Jörg Baberowski: Scorched Earth: Stalin’s Reign of Terror

Wolfgang Leonhard: Child of the Revolution

Quote of the Day

Actor James Woods, commenting on Hillary's earpiece in last night's National Security town hall with old-media retread and ally, Matt Lauer:

She can’t even lie without help from a gaggle of other liars through an earpiece.

She literally can’t help herself.

She’s the kind of sociopath who will lie even if the truth were more beneficial.

The most qualified Democrat for the white house - and a former Secretary of State - needs coaching for a discussion on national security.

Isn't it great to get off the subject of Hillary's health?

Snot cool. Snot cool at all.

I've been curious why Hillary prefers cups of water to bottles of water.  She had a cup on stage at the Cleveland cough-fest on Monday.  Then, on the plane later, she had a water bottle and traded it for a cup of water.  Why?

Reddit has the answer and the video.  I won't show it.  It is disgusting - NSFW.

I liked this thread from the post:

Everybody has a guess to Hillary's diseases.  It could be "all of the above" once we get the autopsy results.  But until then, only a few are worthy of discussion.  I think this post at Lame Cherry might be on to something:

What the Lame Cherry postulates though is whether it is brain injury, a form of Parkinsons which is not the actual disease, medications or is actually one of the side effects of the stroke, Mrs. Clinton's epiglottis is not functioning and her spit or saliva is leaking into her bronchial tubes.

And to preempt the MSM or others who want to tell me I'm posting too much on Hillary's health and not on more important topics, I say: Hillary has not done a single policy speech or released a single policy paper since she's been nominated.  Her health issues are all we have to talk about because she is riding out the clock - both the election clock, and the grim reaper clock.

U/T: Comrade Zhukov

Remember: She's Not Sick

In Cleveland today, the most qualified Democrat for president spoke coughed:




Tip. Top. Shape.

MSM Neglect

MSNBC, CNN and the other frauds in the old-media have been focused on one douche-bag football player who decided to take a knee during our anthem in return for his 15-minutes of fame.

Because of this, they were not covering the football game at Creekview High School in Canton GA.  Luckily, a Ushanka Comrade was there to take this shot.

America's youth are our future.  And the future looks good.  Too good, if you're the MSM.

U/T: Donald J. Trump, the patriotic students at Creekview High School, and the new-media.

Another Great Intellectual Froglegs

Joe Dan released his latest this morning:

Quote of the Day

We call compounding events that further a nation's decline as being part of the "slippery slope."

What do we call it when it goes the other way?

Philippine President Rodrigo Duterte will be meeting with Lame-Duck Obama this week.  He was asked how he would respond if Obama criticizes the incredible crackdown on drug dealers in his country that has led to over 2000 dealers dead in the streets - all with the Duterte's blessing:

I am a president of a sovereign state and we have long ceased to be a colony. I do not have any master except the Filipino people, nobody but nobody. You must be respectful. Do not just throw questions. Son of a bitch I will swear at you in that forum.

Who is he to confront me?

Or, in other words, "Mind your own business.  It is called sovereignty, bitches."

It took nearly eight years to see open, international hostility to our anti-civilization president, but it has been worth the wait.

Feel free to post links in the comments section from angry Filipino citizens who are outraged at Duterte's undiplomatic behavior or his permanent approach to the drug trade.

U/T:  ZH, and Trump.

Quote of the Day

Karl Denninger:

Inflation is exactly identical to a tax in terms of its impact on your wallet, except that it is a tax on everything, not just production.

Taxes can be avoided -- legally -- by refusing to produce.  Inflation takes that which you already earned.

It is thus much like a "property tax" in form and substance in that it is both pernicious and permanent.

Right now it is just Karl and a few others saying this.

Someday, anybody, regardless of education or knowledge of economics, will be able to explain inflation.

Precious Metals News

In my last Precious Metals Investing video I described two scenarios where a dip in the supply of gold could happen.  Author James Rickard mentioned in his latest book, The New Case for Gold, that his contacts in the industry were reporting shortages, and that shortages would in turn drive the price of gold up.  Here is my review of his book.

One scenario would be at the consumer level and would be a signal, albeit a minor and temporary one.  We saw that happen three times with Silver, where the US Mint could not keep up with demand for Silver Eagle coins. It was news for a few days, then supply returned.  I suggest this should be ignored because of logistical and other factors rather than supply.

I suggested the sign to watch for - scenario two - is when a gold order by a government goes unfulfilled.  These suppliers deal in large volumes and are aware of the pace of mining operations.  They are directly connected to the supply, or lack of supply, of gold.  If this were to occur, it would be the signal that Mr. Rickards' predictions of a run on gold were coming true.

ZeroHedge has posted two articles in as many days on a middle scenario I hadn't considered.  I'll call it the Institutional Level.

Articles:
Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand
Deutsche Boerse Responds To Deutsche Bank's Failure To Deliver Physical Gold

This summary is based on how I understand it (which means go read those articles yourself):

Apparently there is a bank, Xetra-Gold, in Germany that, for a fee, sells vouchers for physical gold.  A voucher is sold, the equivalent in gold is added to the bank's vaults.  Moreover, voucher owners may claim their physical gold rather than sell their vouchers for cash and the bank will deliver the gold.  The voucher fees cover both the storage and, if requested, delivery of the gold.

In my Gold Standard studies I learned this bank would be called a Deposit Bank.  A name for a deposit bank in the US could be: "First Libertarian Bank of the United States."  Or, "Ron Paul Deposit Bank."  The Deposit Bank is the banking model Libertarians want for banking in the US.  We'll never know what the name would be because a deposit bank would never fly in the US - so long as we have the Fractional Reserve Banking.  Fractional Reserve Banking may be a misleading dishonest model as few people are aware that when they deposit money in their bank, it legally becomes the bank's money. And if bad times come, the bank will decide how much of their money they will give to their customers.  People are used to free, or near free, banking services because our banks use the deposits to fund loans.  How could a deposit bank, which charges for everything, compete with that?  Hence no Libertarian banks in the US.  Yet.

So Xetra-Gold is backed by Deutsche Bank.  And 900 Xetra-Gold customers have, over the years, requested and received delivery of a total of 4.5 tonnes of gold.  But #901 recently made that request, and he was told to pound sand.  Not by the bank he contracted with, but from the bank behind the bank - Deutsche Bank.

Deutsche Bank breaks their contract with Xetra-Gold without telling Xetra-Gold.  And Xetra-Gold essentially breaks its contracts with its customers because delivery can't occur without the cooperation of Deutsche Bank.

And we're not supposed to notice?  A Google News search shows this story is only in the blogs at the moment.

Is the Xetra-Gold story a gold supply issue?  If so, I'd say it is at the Institutional Level as it concerns a mojor bank and big-dollar investors.  If so, this is a significant signal and one I would consider in line with Mr. Rickards' prediction.

But it may not be a supply issue.  Did you know that Deutsche Bank is not carrying its required reserves?  Did you know there are suggestions that Germany nationalize Deutsche Bank to 1) provide the reserves required and 2) continue the illusion that all is well?  A merger with Germany's other large bank has also been suggested.

We'll know soon enough.

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In other news, Rickards posted on his blog a few days ago that he now predicts the price of gold to reach $10,000.  (Up from $5000)  Up until now, only old men trying to get media attention, or people trying to sell gold or gold-related services have suggested that number.  And year after year they have been completely discredited.  (See my video about Peter Schiff)  Since Rickards' post shows no real math or other factors other than Brexit(!), I'm afraid he may be joining the others in discreditland.

UPDATED 9.2.16 8pm:

ZH reports that Deutsche Bank has responded to this story with no actual response.  It is if Hillary's attorneys wrote the statement for the bank.  Let me know if you can figure it out:

And so another non-response, because in the same press release Deutsche Bank both admits that it has an obligation to deliver the gold "as a matter of course", and then tacitly confirms that it failed to do so, by first saying that it evaluates the "economic efficiency of physical delivery", something it should have no right to do since the Xetra prospectus explicitly mandates that it should release gold on demand, and then adds that "should an investor’s request for the handover of physical gold not have been complied with immediately in individual cases, this will be reviewed and an individual solution will be found with the client."

Thursday Afternoon Cigar

Comrade Mikhail told me he tried a Nicaraguan cigar.  He said it was fantastic.  So I asked the cigar guy to recommend a Nicaraguan cigar based on my Rocky Patel Sun Grown taste.  He recommended two brands, one of which I tried today.  The New World by AJ Fernandez.  It was spectacular.

I am reading a new book, Victoria: A Novel of 4th Generation War by Thomas Hobbes. 

This was recommended by Comrade and author Matt Bracken and Western Rifle Shooters.  It is a fascinating story of post-collapse America.  I'll post a review here soon.

An old Army comrade of mine just texted me asking if I saw Trump today.  I didn't realize he was in Wilmington Ohio today - just an hour or so away.  His visit overlapped my game on a local par-3 course.  Rudolf Giuliani opened for Trump, and both speakers were on fire.  Here is the video (30mins):




Oh ya: the Cubs swept the Pirates too.

What an exciting year.  Cubs in October and Trump in November.  Can it really happen?