Sure looks like it. Instead of following mainstream media and wailing about the awfulness of guns, etc., several articles are asking the key question: “Cui Bono?” (Who benefits?)
Bill Still cites details in this video report that seem to paint Paddock as a patsy shooter, who got off only a few of the estimated 2400 rounds that were fired (with the rest potentially coming from a second shooter on the 4th floor) and who was then killed to keep him from talking. He’s wondering if in later years the Mandalay shooting will be characterized as this generation’s 9-11 or JFK Assassination event.
Melissa and Aaron Dykes asked why the 64 yr old real estate millionaire was allowed to remain in his room while shooting went on for 72 minutes. And did 60 people actually die?.. And instead of calls for banning guns, the main reaction to the event was to insist that people aren’t safe inside casinos and hotels. Therefore additional security devices—metal detectors and backscatter machines—need to be installed. Individual freedoms get further constrained, and security companies who sell and maintain the machines can benefit. That’s a win-win. And speaking of wins, guests at the Wynn Hotel were being scanned the very next day!
Pensions everywhere are in trouble. The U.S. isn’t the only nation whose retirees are in jeopardy. Pensioners in European nations are in even worse shape: Germany, France, Spain, Austria and Belgium are all pay-as-you-go countries. Nothing has been set aside to pay their retirements! Even plans in the UK and Switzerland are drastically underfunded. Generations of politicians have convinced the public that their entitlements are guaranteed. But they’re NOT!
As governments go broke, pensioners will sink with them. People who thought they can afford to retire will be forced to find scraps of work to stay alive. U.S. pensioners should be planning RIGHT NOW how they will survive if their retirement income is cut off—and that includes Social Security…
No Con-Con. From time to time, well-meaning individuals react to globalist prompting and take up the call for a Constitutional Convention, whereby the U.S. Constitution can be “brought up to date.” These calls are like those which were sent by the Sirens to Odysseus’, who avoided being lured in to crash on the rocks by lashing himself to the mast of his ship. If you might be susceptible to swallowing globalist bait, a read of this important article would be worth your time. Bottom line, we don’t need to amend our Constitution: we just need to FOLLOW IT.
The President and First Lady are quietly demonstrating their empathy for Americans as they make their way from Texas to Florida to Puerto Rico, and now to Las Vegas. Trump has been mingling with people as though he’d known them all his life and demonstrating real sympathy and empathy for their circumstances. He deserves our continued understanding and support.
No joke: the IRS just hired Equifax to safeguard taxpayer data. Yep, this is the same company that just allowed hackers to abscond with the sensitive financial information of more than 140 million individuals.
Government at work. Japan just gave the green light to Japanese utility Tokyo Electric Power Company (TEPCO) to operate reactors for the first time since the 2011 Fukushima meltdown. No matter that much of the Japanese public is opposed. But you see, the Olympics are coming up and it’s going to need power.
MARKETS – for the week ending October 6
Real money: Gold and silver were mixed: gold dropped $10 to $1275/ounce while silver rose 11-cents to $16.79/oz. Egon von Greyerz reported that one of the Swiss banks is now refusing to transfer gold out to clients who own it.
Strong recommendation: if you have physical gold stored in a bank anywhere, get it out while you can!
US stocks continued climbing: the Dow closed up 1.6% at 22774 and the S&P rose 1.2% to 2549. We’re getting close to the point where market alarmists are going to be vindicated—but only for a while. Then it will be time to buy the dip.
Mining stocks (the XAU Index) surged 2.7% to 86.90.
Crude oil (the WTIC Index) plunged $3 to $48.71/barrel. The Permian Basin oil boom is slowing down; shale companies spent just $5 billion on land deals in West Texas in the last six months, a fraction of the $35 billion spent in the prior nine-month period. Additional $ are being spent to keep production going—likely to eventually result in higher prices at the pump.
Commodities (GCC Index) were flat, closing at 18.76.
Currencies. The Federal Reserve Note (= dollar, via USD Index) continued recovering, finishing up 0.8% at 93.64.
Cryptocurrencies. Bitcoin surged back above $4600 for the first time in a month, heading for its next stop at $6800.
US Treasury bonds continued falling: 10-year and 30-year yields rose 6 and 5 basis points, respectively, to 2.37% and 2.91%.
About the Author
Wayne Peterson is an independent Registered Investment Advisor and principal of Family Business Office, a comprehensive financial planning and asset management firm he founded in 1991. He has been publisher of the Transformation Watch newsletter since 2005. A U.S. Air Force Academy graduate, Peterson spent five years with the U.S. Marine Corps as a fighter pilot, followed by 20 years in aerospace management. For free weekly receipt of these financial blogs, subscribe here.
Peterson’s book, “But What If I’m Right?”, outlines the factors contributing to the impending global financial transformation and provides readers with recommendations to safeguard their families and their assets.