‘Our Democracy’ Marks ‘Their Duplicity’
‘Our Democracy’ Marks ‘Their Duplicity’
Authored by Thaddeus McCotter via American Greatness,
Presently, we are embroiled in a presidential campaign. It is the apex of political messaging, as both parties and their well-heeled allies bombard the electorate with varying promises, claims, smears, and deceits.
One of the Democrats’ and their “Never Trump” cohorts’ favorite narratives is that the GOP candidate, former president Trump, is divisive and that he must be defeated to allow the Democrat nominee, Vice President Harris, to unite the nation. To believe this, one must concur with the Democrats and Never Trumpers on two counts: first, Mr. Trump, his MAGA supporters, and the GOP are divisive; and, second, Ms. Harris and the Democrats are not divisive but rather a unifying political force.
For purposes of this piece, let us stipulate Mr. Trump and his MAGA and GOP supporters are “divisive,” if only for the simple reason they dissent from the Democrats radical, extreme, and dangerous agenda; and, moreover, unapologetically champion the populist and conservative principles and policies they believe will promote and protect the liberty, prosperity, and security of our free republic.
Nonetheless, even with this stipulation, it is impossible for an objective mind to conclude Ms. Harris and her Democrat supporters are a unifying force within our deeply divided nation. The Democrats are, by design, a divisive party that premises its campaigns and policies upon identity politics—race, gender, class, etc.; and, at root, offers the electorate varying and increasing levels of paranoia and dependence upon the Leviathan—i.e., the administrative state, which is controlled by their cohorts who are ensconced within the unaccountable and remunerative sinecures housed in the bowels of the federal bureaucracy.
Consider the Democrats’ demanding the citizenry’s obeisance to their DIE (“diversity, inclusivity, and equity”) secular religion, which one is compelled to believe above all else.
The left defines “diversity” with external traits, not internal thoughts. In sum, this inherently divides the entire population by physical traits and social castes into “manageable” political blocs—the “Balkanization” of the American electorate. Their root fallacy is that how you look determines how you think. The left purports it is using one’s “lived experience” to make this differentiation, but this experience is presumed to have occurred (even if it has not) based on your external appearance and/or economic status. Such a prejudicial pronouncement upon one’s fellow citizens is patronizing, demeaning, and—in its most heinous manifestations—racist. (Why do you think progressives have expended so much energy trying to redefine and dilute the definition of “racism” to weaponize it against, not racists, but non-leftists?)
Once an individual has been pigeonholed into one of the Democrats’ diversity classifications and it is marked with its “social credit” connotations, these leftist social engineers will cajole and coerce them into their “inclusive” collective, wherein what matters is not individual rights but one’s allegiance to the left’s ideological dictates. True, some individual rights and licenses are granted by the state, but they are in addition to our unalienable, God-given rights we already possess and that cannot be infringed by the state. The left disagrees, believing the state is the ultimate grantor of rights and that “Our Democracy” must not be impaired by the antiquated concept of unalienable, God-given constitutional rights. Consequently, the left believes a citizen’s rights are not God-given but rather government-given. As such, they constitute not unalienable rights; they are arbitrary and conditional licenses. This subordinates the citizens’ sovereignty to the supremacy of the state.
As the Supreme State doles its licenses, it will decide what is “equitable.” This is merely another of the left’s euphemisms for socialism—as is Ms. Harris’s “Opportunity Society.” But once citizens have been civically and economically diminished by the Democrats’ delineating and dividing them on basis of physical traits and economic status and by being subsumed into a leftist collective, Americans will have little recourse to dissent, let alone rid themselves of such a repressive, autocratic socialist regime.
Why would people subject themselves to this DIE agenda This is where the left’s paranoia pimping enters stage left. The Democrats aver that they and their administrative state are needed to protect citizens from sundry conspiracies out to block Americans’ pursuit of happiness—or worse. Hence, the Greek chorus of Democrats wailing about “Systemic Racism,” “The Patriarchy,” “Threats to Democracy,” and so forth. This is literally a party that smears its opponents as existential threats to “Our Democracy” and demands these opponents be crushed so that they may never again threaten it. Such inherently divisive narratives are designed to lure people into the illusory “security” of the one extant entity capable of controlling Americans’ lives—“Their Government.”
So, how does a progressive manage to believe they are the champions of “Our Democracy,” even as they burn it to the ground to persecute their opponents? By reason of a simple intellectual sleight-of-hand. When Democrats bleat “Our Democracy,” it is a “prog whistle” that, translated, means “Our Party.” Conflating the fortunes of their party with those of the country, the Democrats have the capacity for enormous self-regard that allows them to engage in immense amounts of cognitive dissonance and self-justification as they attempt to foist their reckless, harmful agenda on Americans.
Yes, Republicans also believe their fortunes will save “Our Republic.” But there is a critical distinction. Democrats define “unity” as a uniformity of agreement. Republicans define “unity” as a uniformity of acceptance.
This explains why the Democrats are hellbent to force their DIE ideology on people and why Republicans oppose it. It is an overlooked irony that the left, which obsesses over the diversity of external traits, demands the conformity of internal thoughts. The Twentieth Century is replete with bitter instances of such an ideology’s failed attempts to dictate a rigid uniformity of ideological agreement in the vainglorious hopes of recreating and perfecting humanity.
The answer to such state coercion is still federalism and pluralism. A limited, divided government charged with protecting the unalienable God-given rights of sovereign citizens remains the surest path upon which to pursue one’s happiness. The acceptance required is of the ground rules of the nation—of the constitution, of the peaceable means of effectuating constructive change, of someone else’s thoughts and their right to hold and advocate them, and of your reciprocal right to disagree and oppose their ideas. E pluribus unum—“Out of many, one”—has well served and enriched our nation and must remain the abiding goal.
Again, the left deems federalism and pluralism as bars to the implementation of their autocratic, socialist state, which will determine and map your pursuit of happiness whether you like it or not. It is evinced in why the left crafted the word “diversity” to supplant “pluralism.” Ponder that the root of the word, “div-,” as is found in words such as “divisive,” “divest,” “divorce,” and so forth, that do not exactly scream “unity.”
Nor does their pushing of their “Our Democracy” narrative to supplant the reality we live in a constitutional republic with limits upon its enumerated and citizen-delegated powers; and the duty to serve as a guardian of our unalienable God-given rights and the U.S. Constitution against all enemies foreign and domestic—be they a dictator or a mob.
As they do, the left reveals how their clamor and connivance for “Our Democracy” merely mark “Their Duplicity.”
Tyler Durden
Mon, 10/14/2024 – 23:25
Quid Pro Quo Revealed: Netanyahu Vows He Won’t Strike Iranian Oil Or Nuclear Targets
Quid Pro Quo Revealed: Netanyahu Vows He Won’t Strike Iranian Oil Or Nuclear Targets
A full two weeks have passed since Iran’s October 1st ballistic missile attack on Israel, which involved some 200 projectiles, many of which caused destruction on the ground (though Israel has been tight-lipped on the extent of it).
The big question has remained: when will Israel retaliate and what form will it take? The Biden administration has over the last many days reportedly been urging for Israel to avoid hitting nuclear sites as well as energy sites. But there have been conflicting reports.
For example on Monday, Harper’s Magazine editor Andrew Cockburn wrote, “Word in Washington is that Biden has approved Israeli strike on Iran’s Natanz nuclear site.”
However, within hours after this speculative statement on X, The Washington Post reported that Israel is walking back from the prospect of bombing oil as well as nuclear facilities.
“Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran, according to two officials familiar with the matter, suggesting a more limited counterstrike aimed at preventing a full-scale war,” the Monday afternoon report said.
President Biden in a phone call with PM Netanyahu last Wednesday reportedly conveyed serious concern that any counterstrikes could lead to all-out war if not kept ‘limited’.
Monday’s afternoon WaPo headline was enough to send oil prices falling, also after morning reports of China’s weak demand…
At the time of last week’s phone call, Netanyahu had reportedly expressed that he favors attacks on the Islamic Republic’s military infrastructure.
The Washington Post now appears to be chalking this up as a win for Biden diplomacy:
Netanyahu was in a “more moderated place” in that discussion than he had previously been, said the U.S. official, describing the call between the two leaders.
The apparent softening of the prime minister’s stance factored into Biden’s decision to send a powerful missile defense system to Israel, both officials said.
So the quid pro quo becomes clear… this is in reference to weekend reports saying the US is sending the THAAD anti-air missile defense system to Israel, for protection against Iran, which will include US troop operators.
However, at a moment that Israel is already engaged militarily on several fronts, especially in Lebanon with Iran-backed Hezbollah, absolutely nothing is certain.
There remain plenty of hawks in Bibi’s security cabinet who are urging Israel to go big in its response. It is also the case that Netanyahu has been talking about taking out Iran’s nuclear program for many years at this point.
Tyler Durden
Mon, 10/14/2024 – 18:00
Whoever Wins This Pennsylvania County Is Expected To Win The White House
Whoever Wins This Pennsylvania County Is Expected To Win The White House
Authored by Joseph Lord via The Epoch Times,
Thousands turned out to the Bayfront Convention Center on Sept. 29 to hear former President Donald Trump speak. Hundreds more gathered outside the convention center to watch Trump’s speech on a jumbo display, while nearby stands were set up to register voters, hawk mail-in ballots, and hand out Trump-Vance yard signs and bumper stickers.
There’s a reason for that: Erie County, which hosts the city of Erie, is a strong indicator of who will win Pennsylvania. Since 1980, with the exception of 1988, the county has backed the winner of statewide presidential races.
While it doesn’t rise to the level of a national bellwether—it’s often backed candidates who went on to lose the general election—since 2008, it’s ultimately backed the candidate who won Pennsylvania.
That makes it a crucial county in 2024, when the winner of Pennsylvania is highly expected by pundits to win the entire election.
As recently as 2008 and 2012, the Democratic Party was king in the county: In his election and reelection bid, President Barack Obama won the county by 20 points and 16.9 points respectively. But in 2016, Trump shifted the county by 18.5 points in Republicans’ favor, and won the county by 1.6 percent.
In 2020, reflecting the razor-thin margins of the election in the state and nationwide, President Joe Biden carried the county by just 1 percent, or 1,417 votes.
The changing politics can be attributed in part to the area’s cultural and demographic background.
A few hours’ drive north of Pittsburgh, Erie County sits at the northwestern end of Pennsylvania, bordering the Great Lake of the same name, upstate New York, and Ohio.
The city of Erie, home to large immigrant and university student populations, is Pennsylvania’s fifth most populous, lying at the northern edge of the county. Beyond that, the area has several suburban areas and developments. The southern half of the county is largely rural, home to several scattered, small townships.
The county’s Rust Belt origins are on full display in Erie, with defunct factories and industrial centers dotting the city and its environs.
An Oct. 2 photo of one of the many former industrial centers in Erie County that have long been shuttered. Joseph Lord/The Epoch Times
Demographics
In many ways, the county, with its mix of urban, suburban, and rural voters, reflects larger voter distributions in Pennsylvania.
“I try to explain it this way: if you take all of Pennsylvania … and you shrink it down, it’s Erie, because we’ve got large industry, we’ve got tool and die … the small mom and pop places. The southern part of the county is all rural, strictly agriculture. You’ve got diversity,” Tom Eddy, chairman of the Erie County GOP, told The Epoch Times.
According to the Census Bureau, the county is home to around 271,000 people.
Around 83 percent of them are white. At an average household income of around $60,663, many voters in the area fall squarely into the white working class, a key electorate for both parties.
This demographic has trended toward Republicans since Trump entered politics. In 2008, about 55 percent of them backed Obama. In 2016, Trump’s first presidential campaign, 62 percent of the white working class voted for him. In 2020, their support dipped to 59 percent.
For Democrats, the goal is to largely hold onto their minority share of the demographic, while expanding among suburban, white collar, and Erie city voters—all demographics more favorable to the party in recent years.
Erie County Democratic Party Chairman Sam Talarico—a former schoolteacher who’s been involved in Democratic politics since 2000—acknowledged that in Erie and across the country, Democrats are increasingly struggling with the white working class.
On the other hand, he noted that suburban areas—such as Fairview Township and Harborcreek, which border the city center to the east and west—are shifting in Democrats’ favor.
“Fairview is our most affluent community, and it used to be a Republican stronghold. It’s about 50/50, right now, possibly a little more blue, and it’s turning bluer,” Talarico said.
Democrats are also striving to keep their substantial lead in the city itself, a lead aided by the city’s vast student and immigrant population—two demographics that also favor the Democratic Party.
Trump and the Republicans, meanwhile, are seeking to expand their lead among the white working class—which makes up a substantial swath of the Pennsylvania electorate—and to win over independents.
Signs along a major roadway show support for former President Donald Trump, Sen. JD Vance (R-Ohio), and Senate contender Dave McCormick in Erie County, Pa., on Sept. 30. Joseph Lord/The Epoch Times
Eddy noted that Democrats do maintain a slight advantage in voter registration in the county, with about 10,000 more registered Democrats than registered Republicans. But the most crucial bloc for both parties is the county’s 35,000 independents.
“I think the big swing is going to be the independent voter,” Eddy said. “They’re the ones that make the difference.”
Speaking about the closing gap between registered Republicans and Democrats in recent years, Talarico said, “I’m not going to say it isn’t concerning. It is.”
But like Eddy, Talarico said the real “X factor” will be the independents.
And many of those independents, he noted, are young people—a demographic that tends to favor Democrats, particularly young women.
For Republicans and Democrats on the ground, the stakes are clear: As goes Erie, so goes Pennsylvania; and as goes Pennsylvania, so goes the election.
Republican Enthusiasm
With just about a month left until the election, Erie County appears more politically active than ever: Bumper stickers, billboards, and yard signs expressing support for one candidate or the other litter the area, with a noticeably stronger showing of “Trump/Vance” signs.
There are strong indicators of Republican enthusiasm.
At GOP headquarters in Erie—a small office space in a strip mall just outside the city center—county residents stopped by in droves.
Republicans’ base of operations in Erie County, Pa., on Oct. 1. Joseph Lord/The Epoch Times
Almost every 10 minutes, a new person came into the office requesting voter registration forms, mail-in ballots, or apparel to show their support for Trump. Many offered $20 donations in exchange for a dwindling supply of Trump shirts. Several purchased apparel for their children.
The office is filling yellow file envelopes with voter registrations and mail-in ballots almost every day—including many who have never voted before. Often, the Republicans run out of apparel to offer voters due to the high demand.
“The energy level is extremely high. That’s what I’ve noticed more than I’ve noticed in any of the other elections,” Eddy said.
The Erie County Democratic headquarters is a few miles away in downtown Erie, comprising a large office space a few dozen blocks from the city center.
Compared to Republican headquarters, the energy level is noticeably muted and less chaotic. Volunteers could be seen talking, watching television, and taking calls in the office’s large backroom area. A handful of other volunteers and voters circled through to collect party apparel, yard signs, or bumper stickers.
While it’s harder to access the building by vehicle, with only a limited number of meter-based parking spots outside, the subdued atmosphere reflects the uncertain position Democrats find themselves in.
Democrats’ headquarters in Erie, Pa., on Oct. 2, 2024. Joseph Lord/The Epoch Times
While Talarico noted that “on paper” his party’s prospects look bleak, Talarico told The Epoch Times that he still sees reason for optimism.
“The most compelling thing I’ve seen is enthusiasm,” he said.
Before Biden’s departure, Democrats had just 60 or so volunteers; since Harris took over the ticket, that number has jumped to 320. Around 250 people attended a vice presidential debate watch party hosted by the county party.
Talarico also noted that Democrats have seen vast success in the county in recent nonpresidential elections.
That’s true. In 2022, Sen. John Fetterman (D-Pa.) handily defeated Republican Mehmet Oz in Erie County, winning 53 percent of the vote to Oz’s 44 percent. Democratic Gov. Josh Shapiro enjoyed greater success the same year, defeating his Republican opponent by a landslide 22-point margin in Erie County.
Thus, Talarico said, Democrats’ position might not be “as dire as it looks on paper.”
‘Trump Factories’
It’s not just the Erie County Republican Party that’s hard at work trying to flip the county back to Trump’s camp.
Leo Williard, a small business owner, has set up what he calls “Trump factories” in two auto dealerships owned by his friend and located just outside downtown Erie.
While still managing his own business, Williard told The Epoch Times that he spends hours every week talking to and converting Democratic voters to Trump’s side.
Williard said he was inspired to do so by the city of Erie’s Democratic leanings: While the rural and suburban areas are more evenly divided, the city itself votes overwhelmingly for Democrats.
Many of those who come into the dealership are from the city, he said.
“And we started talking to those people, and I have a table set up in the corner of his office up there that I call the ‘Trump corner.’ I call this whole process the ‘Trump factory,’” Williard said, adding that he was bringing as many as five to 15 Democrats a day over to Trump’s side.
“You can’t believe the people we are turning from Democrat to Trump.”
For many, financial concerns—particularly inflation—are the most pressing issue, Williard said, agreeing that inflation could be described as “the No. 1 issue” in the county right now. The modest income of many residents makes the hit harder than it might be in more affluent areas, Williard said.
Williard said that Democrats’ decision to nominate Vice President Kamala Harris did energize the Democratic base in the city, but he is confident.
“I still think that Erie County, based on the work I see being done and the enthusiasm I see, will go red. I think it will turn the state red,” Williard said.
Republicans have seen strong signs for optimism—but recent Democratic victories in the county still undercut any sort of certainty.
Tyler Durden
Mon, 10/14/2024 – 07:20
Violence Has Been Normalized
Violence Has Been Normalized
Authored by Jeffrey Tucker via DailyReckoning.com,
During the misnamed and mostly preposterous debate between Kamala Harris and Donald Trump, a moderator fact-checked Trump’s claim that crime is up.
In contrast to Trump’s claim, moderator David Muir said that the FBI reports that crime is down, a claim that likely struck every viewer as obviously wrong.
Shoplifting was not a way of life before lockdowns. Most cities were not demographic minefields of danger around every corner. There was no such thing as a drugstore with nearly all products behind locked Plexiglas.
We weren’t warned of spots in cities, even medium-sized ones, where carjacking was a real risk.
It is wildly obvious that high crime in the U.S. is endemic, with ever less respect for person and property. As for the FBI’s statistics, they’re worth about as much as most data coming from federal agencies these days.
They’re there for purposes of propaganda, manipulated to present the most favorable picture possible to help the regime.
Lies, Damn Lies and Government Statistics
This is certainly true of the Bureau of Labor Statistics and the Commerce Department, which have been shoveling out obvious nonsense for years.
Professionals in the field know it but go along for reasons of professional survival. In truth, we’ve never had a real economic recovery since lockdowns.
Crime is up. Literacy is down. Trust has collapsed. Societies were shattered and remain so.
Only a few weeks following the officious fact-check at the debate, we now have new data from the National Crime Victimization Survey.
The Wall Street Journal reports:
“The urban violent-crime rate increased 40% from 2019–2023. Excluding simple assault, the urban violent-crime rate rose 54% over that span. From 2022–2023, the urban violent-crime rate didn’t change to a statistically significant degree, so these higher crime rates appear to be the new norm in America’s cities.”
But the FBI tries to tell you that crime is down. Sure, whatever they say.
The report isolates the “post-George Floyd protests” because no media source wants to mention the lockdowns. It is still a taboo subject.
We somehow cannot say, even now, that the worst abuses of rights in U.S. history in terms of scale and depth were a disaster, simply because saying so implicates the whole of the media, both parties, all government agencies, academia and all the upper reaches of the social and political order.
Politics Has Become Life and Death
The problem of political division is getting alarmingly serious. It’s no longer just about competing yard signs and loud rallies. We now have regular assassination attempts, plus even an extremely strange appearance of a bounty put on a candidate’s head by an official agency.
Surveys have shown that 26 million people in the U.S. believe that violence is fine to keep Trump from regaining the presidency. Where might people have gotten that idea
Probably from many Hollywood movies that fantasize about having killed Hitler before he accomplished his evil plus the nonstop likening of Trump to Hitler, and hence one follows from another.
Liken Trump to Hitler and that is the result you produce.
There’s private violence, public violence and many forms in between including vigilante violence. Rights violations against person and property are now normalized.
This springs from the culture of our times which has been heavily informed and even defined by the deployment of state violence in service of policy goals, at a scale, scope and depth never before seen.
The Role of Censorship
Censorship is a major part of it. Censorship is the deployment of force in service of state power, and other institutions connected to state power, for purposes of culture planning.
It’s exercised by the shallow state, in response to the middle state, and on behalf of the deep state. It’s a form of violence that interrupts the free flow of information: the ability to speak, and the ability to learn.
Censorship trains the population to be quiet, afraid and constantly stressed, and it sorts people by the compliant versus the dissidents. Censorship is designed to shape the public mind toward the end of shoring up regime stability. Once it starts, there’s no limit to it.
I’ve mentioned to people that Substack, Rumble and X could be banned by the spring of next year, and people respond with incredulity. Why? Four years ago, we were locked in our homes and locked out of churches, and the schools for which people pay all year were shut down by government force.
If they can do that, they can do anything.
Remember Free Speech?
Censorship has been so effective that it’s changed the way we engage with each other even in private. Brownstone Institute, which I founded, recently held a private retreat for scholars, fellows and special guests.
One very special guest wrote me that she was completely shocked at the freedom of thought and speech that was present in the room. As a mover in the highest circles, she had forgotten what that was like.
This censorship coincides with a strange valorization of violence that we are presented with from all over the world: Ukraine, the Middle East, London, Paris and many American cities. Never have so many held video cameras in their pockets and never have there been so many platforms on which to post the results.
One does wonder how all these relentless presentations of destruction and killing affect public culture.
Why They’re Doing It
What purpose are all these soft, hard, public and private exercises of violence serving? The standard of living is suffering, lives are shortening, despair and ill health are main features of the population and illiteracy has swept through an entire generation.
The decision to deploy violence to master the microbial kingdom did not turn out well. Worse, it unleashed violence as a way of life.
“When plunder becomes a way of life for a group of men in a society,” wrote Frederic Bastiat, “over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”
That is precisely where we are. It’s time we talk about it and name the culprit. Liberty, privacy and property were already unsafe before 2020 but it was the lockdowns that unleashed Pandora’s box of evils.
We cannot live this way. The only arguments worth having are those that name the reason for the suffering and offer a viable path back to civilized living.
Tyler Durden
Sun, 10/13/2024 – 23:20
Why Silver Investors Should Pay Close Attention To Copper
Why Silver Investors Should Pay Close Attention To Copper
Authored by Jesse Colombo via Substack
For most investors, gold and silver are inseparable, like peanut butter and jelly or two peas in a pod. This mindset leads them to look at gold for signals on silver’s future price movements, and vice versa. Although silver’s price is indeed strongly influenced by gold, few realize the significant role that copper also plays in shaping silver’s price movements. In this article, I’ll examine how copper prices impact silver and show how bullish trends in copper should help drive silver prices higher in the coming years.
To understand the price relationship between two assets, examining their correlations can be highly insightful. Not surprisingly, gold and silver exhibit a strong correlation—.771 over the past five years and an even higher .917 over the past year. What’s particularly striking, however, is the strong correlation between copper and silver—.725 over the past five years and an impressive .878 over the past year. This strong correlation is a compelling reason for silver investors to monitor copper as closely as they do gold.
The strong price relationship between silver and copper is clearly reflected in long-term charts of the silver-to-copper ratio, which has remained remarkably consistent over time, despite periodic fluctuations around the average of 6:
The close relationship between silver and copper can be attributed to factors influencing both supply and demand. From a supply standpoint, silver is seldom mined on its own. Instead, it is typically a byproduct of copper and other metal mining, such as lead, zinc, and gold. On the demand side, both silver and copper have substantial industrial applications, driving significant industrial demand for both metals.
While silver is often grouped with gold, it differs significantly in its demand profile. The majority of silver demand (51%) comes from industrial use, compared to just 18% from investment. Furthermore, the rapid growth in industrial demand for silver likely explains the rising correlation between silver and copper in recent years. In contrast, gold demand is largely fueled by investment (44.57%) and jewelry (48.74%)—with much of that jewelry also serving as a form of investment, especially in developing countries like India and China.
Both copper and silver are far more sensitive to the economic cycle compared to gold. For instance, when a recession looms, both copper and silver prices tend to decline in anticipation of reduced industrial demand. Conversely, when the economic cycle is on an upswing, both copper and silver prices typically rise in anticipation of increased industrial demand. Gold, by contrast, is traditionally viewed as a safe-haven asset that investors turn to during times of crisis.
The strong price relationship between silver and copper is likely amplified by trading algorithms that predict movements in one metal based on the price of the other, often creating a self-fulfilling prophecy. For instance, when copper begins to rally, certain algorithms will buy silver, causing both metals to rise in tandem. Although anecdotal, I’ve often observed silver track copper even more closely than gold, both on intraday movements and over longer timeframes. For instance, I’ve often seen silver rise with copper while gold stayed flat or declined, and at other times, I’ve observed silver dropping along with copper even as gold rallied. I’ll highlight a recent noteworthy example of this phenomenon using the charts below.
As you are probably aware, gold has experienced a remarkable surge over the past year, climbing by $860 per ounce—a nearly 50% increase:
Like gold, copper experienced a strong rally in the spring, but it peaked on May 20th and quickly reversed, wiping out most of its gains—unlike gold, which continued to rise. Copper bottomed on August 8th and has rebounded quite a bit since then and is now in a confirmed uptrend once again:
Finally, we come to silver, which, like gold and copper, saw a sharp rally in the spring. Like copper, silver peaked on May 20th and experienced a sharp decline, though not as severe as copper’s drop. While silver and copper suffered throughout the summer, gold steadily continued its ascent. Silver, like copper, bottomed on August 8th and has been staging an impressive recovery ever since.
Silver’s price movements are essentially a hybrid of both gold and copper’s market trends. To test this theory, I averaged the prices of gold and copper, adjusting copper’s price (by multiplying by 540) to prevent gold’s higher price from exerting undue influence. Then, I created a chart based on that adjusted average. Sure enough, the resulting chart bears a striking resemblance to silver’s price chart:
Moreover, the five-year correlation with silver stands at a solid 0.842, while the one-year correlation is an even more impressive 0.956. This is higher than the correlation between gold and silver (0.771 over five years and 0.917 over the past year) and even stronger than the correlation between copper and silver (0.725 over five years and 0.878 over the past year). This analysis highlights the importance of monitoring both gold and copper to gain a clearer understanding of silver’s price movements. In addition, performing technical analysis on the chart of the copper-gold average seems to be a useful tool for confirming and anticipating silver’s price movements
Along with bullish technicals, copper’s fundamentals also point to a positive outlook. As the world increasingly embraces AI and “green” technologies such as electric vehicles, solar energy, and wind farms, demand for copper is expected to surge due to its essential role in wiring and other electrical applications.
For example, copper demand in the transport sector is expected to rise 11.1 times by 2050 compared to 2022, thanks to electric vehicles that contain over a mile of copper wiring. Additionally, demand for copper to expand the global electricity grid is projected to increase 4.8 times by 2050. By 2030, a copper supply gap nearing 10 million tonnes is forecasted. French billionaire and commodities trader Pierre Andurand recently predicted that copper prices could soar to $40,000 per tonne in the coming years—a more than fourfold increase from the current price of $9,308 per tonne. All of these factors should be bullish for both silver and copper.
In conclusion, the overlooked relationship between copper and silver plays a critical role in understanding silver’s price movements, alongside the more commonly recognized influence of gold. As copper continues to rebound, both technical and fundamental factors suggest that silver is poised to benefit as well. With increasing industrial demand, especially in sectors like electric vehicles and renewable energy, copper’s expected boom is likely to drive silver prices higher as well. Investors would do well to monitor copper closely, as its future movements may signal the next major leg up in silver’s bull market.
Also watch the video presentation about this concept:
If you enjoyed this article, please visit Jesse’s Substack for more content like this
Tyler Durden
Sun, 10/13/2024 – 17:30
Election Interference? Dems Won’t Certify Election If Trump Wins
Election Interference? Dems Won’t Certify Election If Trump Wins
Authored by Dmytro “Henry” Aleksandrov via Headline USA,
Despite their constant whining about the Jan. 6, 2021, “insurrection,” the Democrats recently admitted that they won’t certify the 2024 election results if Republican presidential candidate Donald Trump is elected.
Axios reported that the Democrats would certify the election results only if Trump used “free, fair and honest means to secure a victory,” which, according to Rep. Jamie Raskin, D-Md., is not what Trump would do. This statement implies that he would be declared a winner only if he cheats.
“[Trump] is doing whatever he can to try to interfere with the process, whether we’re talking about manipulating electoral college counts in Nebraska or manipulating the vote count in Georgia or imposing other kinds of impediments,” the politician told the news source.
Rep. Jan Schakowsky, D-Ill., also questioned whether Trump would win the election fair and square, telling Axios that she doesn’t know “what kind of shenanigans he is planning.”
Conservatives on Twitter pointed out the hypocrisy after the article was published.
“I’ve been told this type of rhetoric is “dangerous to our democracy” or something,” @Patriot_Vibes wrote.
I’ve been told this type of rhetoric is “dangerous to our democracy” or something
— Patriot Vibes (@Patriot_Vibes) October 11, 2024
Co-owner of Trending Politics, Colin Rugg, also mocked the Democrats who have been talking non-stop about Republicans and Trump’s alleged attempt to overthrow the government at the beginning of 2021.
“The ‘democracy defenders’ won’t commit to certifying an election?” he wrote.
The ‘democracy defenders’ won’t commit to certifying an election?
— Collin Rugg (@CollinRugg) October 11, 2024
Others wrote that the recent news is a warning from Democrats about their own insurrection, this time it being real and violent.
Democrats warning of their own J6, except they will actually be violent.
— The Raymond G Stanley Jr (@raymondgstanley) October 11, 2024
Some conservatives noted that hearing about the recent news was not surprising after the Democrats replaced Joe Biden, who was elected by leftists during the primaries, with the current Democratic presidential candidate, Kamala Harris, who nobody cared about before the disastrous debate between Trump and Biden.
“No surprise there. They threw democracy out the window when they put Kamala in w/o a single vote. Why wouldn’t they pull some more shenanigans? We’ll get SCOTUS involved if we have to, but they need to do their job or GTFO,” an anonymous person wrote.
No surprise there. They threw democracy out the window when they put Kamala in w/o a single vote.
Why wouldn’t they pull some more shenanigans?
We’ll get SCOTUS involved if we have to, but they need to do their job or GTFO.
— – Josh – (@WEAPONFORTRUTH) October 11, 2024
The Democrats’ recent comments are also unsurprising because Raskin said he would never allow Trump to be in the White House again.
“I’ve been warning of this for months. Here is Rep Jamie Raskin confirming what I’ve been predicting. Even if President Trump wins the 2024 election, Democrats will not accept the results and refuse to leave the White House, creating a civil war scenario,” investigative reporter and commentator Drew Hernandez said.
I’ve been warning of this for months
Here is Rep Jamie Raskin confirming what I’ve been predicting
Even if President Trump wins the 2024 election
Democrats will not accept the results and refuse to leave the White House creating a civil war scenario
— Drew Hernandez (@DrewHLive) August 6, 2024
Tyler Durden
Sat, 10/12/2024 – 23:20
What You Do Now Can Affect Your Brain For 2 Weeks
What You Do Now Can Affect Your Brain For 2 Weeks
Authored by Huey Freeman via The Epoch Times (emphasis ours),
New research shows that our daily exercise and sleep habits can affect brain function for up to two weeks.
Our brains do not react to things in quick, isolated surges; instead, brain activity evolves over more extended periods.
“This suggests that even a workout or a restless night from last week could still affect your brain—and therefore your attention, cognition and memory—well into next week,” according to the study’s press release.
Physical activity, sleep patterns, heart rate changes, and even subtle mood shifts can imprint on our neural networks for up to two weeks. This revelation challenges conventional wisdom about brain function and opens new avenues for understanding cognition, memory, and mental health treatment.
Researcher Becomes the Study Subject
Ana Triana, a doctoral candidate at Aalto University in Espoo, Finland, performed double duty as the study subject, tracking her own activities while serving as the research team leader. Brain scans, smartphones, and wearable devices recorded her daily life and brain activities.
This experiment was designed to challenge the conventional wisdom that “just a few trials are sufficient for correctly sampling an individual’s brain activity and behavior,” the researchers wrote in their study, published Tuesday in the Public Library of Science (P
Triana emphasized the importance of continuous monitoring through wearable technology, noting that traditional brain scans, conducted while a person rests for 30 minutes twice weekly, offer limited insights.
“We wanted to go beyond isolated events,” Triana said in the press release.
“Our behaviour and mental states are constantly shaped by our environment and experiences. Yet, we know little about the response of brain … on different timescales, from days to months.”
The researchers hope their unique study will help improve mental health treatment, focusing on individual information on the brain and a person’s daily life.
“Our approach gives context to neuroscience and delivers very fine detail to our understanding of the brain,” Dr. Nick Hayward, a physician, a neuroscientist, and study co-author, said in the press release. He added that information from daily life should be examined in a lab “to see the full picture of how our habits shape the brain.”
Read the rest here…
Tyler Durden
Sat, 10/12/2024 – 22:45
Sabotage Suspected In Huge Deadly Blast In Russian Muslim-Majority Republic
Sabotage Suspected In Huge Deadly Blast In Russian Muslim-Majority Republic
A massive explosion which appears the result of sabotage or even a possible bombing rocked the Chechen capital of Grozny on Saturday.
Local authorities say a fuel tank exploded at a fuel station, resulting in a large blast and fire which left four bystanders dead, including two children, the Russian region’s emergency authority confirmed. The fuel station is reportedly located near a college.
Statements suggest that authorities believe it was either an attack or else severe neglect: “Ramzan Kadyrov, the leader of Chechnya, said on Telegram that he had taken the situation under his personal control. He said that those responsible for the blast would be brought to justice, but did not give further details.”
There have been other recent ‘mystery’ blasts in the region, as Reuters details: “Explosions at fuel stations in the neighboring region of Dagestan in September 2024 and August 2023 killed 13 people and 35 people, respectively.”
Though very far away from fighting in Ukraine – as Chechnya is all the way over in the Caucuses next to Georgia – Chechen troops have been very active among Russian forces along the Ukraine front lines.
Given the context of war, suspicion for the blast is likely to fall on the possibility of some kind of Ukraine-connected sabotage op, as has been happening throughout Russia proper since the war began. But there have long been immense tensions between Chechen leaders and neighboring republics, and the incident could have something to do with this internal feud.
Footage from the scene of the fuel station explosion show a massive fireball which sent debris flying in all directions:
GROZNY pic.twitter.com/3bNEU9IQtW
— The_Real_Fly (@The_Real_Fly) October 12, 2024
Newsweek has provided the following recent context:
Chechnya is largely ruled by Ramzan Kadyrov, a pro-Russian strongman installed by the Kremlin after two devastating wars involving Chechen separatists and Islamic fundamentalists in the 1990s and 2000s. In recent months, Russian infrastructure and military facilities have been hit repeatedly by Ukrainian drones, though the cause of Saturday’s explosion is unclear.
…Tensions have surged in Russia’s restive Caucasus region, which includes Muslim dominated Chechnya, with Kadyrov this week threatening to declare a “blood feud” against Russian lawmakers from the neighboring regions of Dagestan and Ingushetia who he said were involved in a plot to assassinate him.
No official explanation for what caused the deadly blast has yet to be given. Certainly it’s high unlikely that a drone could have made it all the way to Grozny from the Black Sea region, suggesting this was connected to regional politics.
Tyler Durden
Sat, 10/12/2024 – 18:05
America In The Age Of Nero
America In The Age Of Nero
Authored by J. Peder Zane via RealClearPolitics,
Americans are like members of a quarrelsome family, so intent on arguing their petty grievances around the kitchen table that they don’t smell the rising smoke from the oven. As our nation fumes and the world burns, neither major party presidential candidate is addressing the lapping flames around us.
Kamala Harris and Donald Trump are not simply ignoring our frightening national debt – both vow to ramp it up. Neither candidate has a serious plan to respond to the threats posed by China, Russia, or Iran.
The strangling costs of health care, the sharp decline in mental health, the disintegration of our public schools – which is sharply tied to the breakdown in the family – are all ignored in a race marked by gauzy references to policy and sharp personal attacks.
It’s not just Harris and Trump – our leadership in Washington has long refused to face up to the growing threats to our republic. Their empty promise is that everything is the other side’s fault. Help us annihilate the other guy and everything will be peaches and cream.
A third-grader wouldn’t fall for this nonsense. Neither side can vanquish the other. A Harris victory will not be the death knell of Trump’s populist message; Trump’s win will not defang progressivism’s leftward lurch. Whatever the outcome, we will continue to be a divided, angry nation. And yet, seemingly thoughtful Americans have bought this line hook, line, and sinker.
More importantly, even if one side did seize absolute power, they have no legitimate plan to right the ship of state. Sixty years of Great Society programs have shown us we can’t spend our way out of problems. The 44 years since the Reagan Revolution show us that tax cuts can only set the stage for reforms that have never come – a task that nears the impossible as ever more Americans become dependent on government aid.
America is in a second Age of Nero – our leaders fiddle as the country burns.
In past crises, the strength, resilience, and ingenuity of the American people have saved us from the depths of want and war. It is not clear we retain that grit.
Instead of demanding leadership, we seem content with the bread and circuses of mindless politics more akin to the gladiatorial battle of Rome than the edifying debates of ancient Greece. The broad embrace of victimhood and grievance on both sides has replaced any question of sacrifice for the common good with the desire to demonize our imagined tormentors. If anything, we savor the fight. It makes us feel important, alive – it gives our lives meaning.
Although we have serious problems, we are no longer a serious people. Hence our choice between Donald J. Trump and Kamala Harris.
They are not the disease, however, but a symptom. The first step toward a treatment, if not cure, is obvious: we must reject our empty politics of diversion in order to identify and address our urgent crisis. Honesty really would make a difference. It might also make us happier as we re-channel our energies from angry partisanship into thoughtful partnership.
Still, that would only get us so far. Life teaches that identifying one’s problems is the relatively easy part of change – we all know what’s wrong with the other guy and, sometimes, ourselves. Finding the will and discipline to do something about it is far harder.
We are sinking before that challenge because it still seems possible to ignore the building fire. Many of us have it pretty good; our fears are mitigated by our confidence in escape. It won’t get me.
Ironically, the fact that much of the rest of the world is crumbling imparts a false sense of security. Instead of seeing those problems as canaries in the coal mine, we think, Hey, we’re still doing okay.
It’s true that history confutes the doomsayers. The world does get better in the long run. But that is little consolation to those whose one short life is spent during the ebbing flow.
History also teaches that judgment for past failure often comes with sudden swiftness, like a thief in the night. As we think about the immense problems we are allowing to smolder, recall Ernest Hemingway’s pithy warning from “The Sun Also Rises.”
“How did you go bankrupt?” one character asks a friend.
“Two ways. Gradually, then suddenly.”
J. Peder Zane is a RealClearInvestigations editor and columnist. He previously worked as a book review editor and book columnist for the News & Observer (Raleigh), where his writing won several national honors. Zane has also worked at the New York Times and taught writing at Duke University and Saint Augustine’s University.
Tyler Durden
Fri, 10/11/2024 – 23:25
These Are The 10 Fastest-Developing Cities On Earth
These Are The 10 Fastest-Developing Cities On Earth
Out of the world’s top 15 growth hubs, 14 are forecast to be located in Asia, according to the Growth Hub Index 2024 by British real estate service Savills.
These cities have been identified as set to develop particularly quickly by 2033, based on indicators measuring rising wealth, expanding economies and the potential for new development and business expansion.
As the following chart, via Statista;’s Anna Fleck, shows, four Indian cities feature in the top 10, with Bengaluru in the top position. It is followed by Ho Chi Minh City in Vietnam and India’s Delhi.
You will find more infographics at Statista
Several reasons are cited for the anticipated rise in Asia, including how many parts of the region have embraced tech-driven growth, while at the same time continuing to benefit from a strong traditional manufacturing sector. Many Asian cities are also forecast to see a growing middle class as personal wealth rises across the region, while at the same time they have strategies to improve connectivity and to invest in infrastructure.
Savills analysts note that innovation hubs can attract new businesses, which in turn increases demand for office space, manufacturing spaces and housing and that if rapid urbanization is managed well, then it can lead to better health outcomes of populations and improved employment prospects and education.
If poorly managed, however, rapid urban growth can exacerbate poverty, crime and health issues.
The Growth Hub Index is based on economic, population and wealth indicators across 230 cities, each with a GDP of at least $50 billion in 2023, to identify the fastest-growing cities. The economic indicators included the city GDP in 2033 and future credit rating as well as the percentage increase in city GDP growth between 2023–2033. The personal wealth indicators measured the percentage increase in city GDP per capita and the percentage increase in the number of households earning more than $70,000 over the 10 years analyzed. Meanwhile, the population indicators focused on the percentage increase in city population and migration between 2023–2033 and the future ratio of dependents to the working-age population in 2033. Only cities with a GDP of $50 billion and up in 2023 were included in the index.
Tyler Durden
Fri, 10/11/2024 – 23:00