Google is Tracking You ... Like it or Not
Gold last traded at $1,185 an ounce. Silver at $14.43 an ounce.
NEWS SUMMARY: Precious metal prices fell to 18-month lows as the dollar rallied on geopolitical worries. U.S. stock indexes fell below 50-day averages as concerns over Turkey's financial crisis weighed on investor sentiment.
Gold Tumbles Below $1200 In Welcome Sign For Global Contagion -Zero Hedge
"For the first time since March 2017, spot gold is trading back below $1,200 as a surge in the dollar seems to be overwhelming any potential safe-haven flows....Bloomberg believes this is a positive sign for global contagion fears as unlike in past crises, for instance Greece - gold and the dollar are not rising together. If the waves from Turkey's crisis really were expected to knock over dominoes in South Africa and Mexico, as well as banks in the euro zone, the yellow metal could easily have risen alongside the dollar, as it did when Greece nearly blew up back in 2010....Some desk chatter is that spot gold is weakening due to Turkey dumping the reserve asset to support its currency, but there is no news to confirm that."
Smart investors will seize this golden opportunity to buy gold at the best price in nearly a year and half. Owning solid wealth insurance in the form of physical gold is the best way to diversify assets against the next major financial crisis which is waiting in the wings. Call a Swiss America representative today at 800-289-2646. Not sure? Watch Swiss America Chairman Craig R. Smith explain how to take advantage of a rare Classic Gold Double-Play - Watch Now.
If This Chart Doesn't Scare You Out Of Stocks, Nothing Will -Zero Hedge
"A lot has changed since the stock market crash of 2000. Apple Inc. has gone from being just another computer brand to becoming the most valuable company in the world, Amazon.com Inc. went from being an e-book retailer to a byword for online shopping and Tesla's Elon Musk has risen from obscurity to Twitter stardom. Yet some things never change and Doug Ramsey, chief investment officer at Leuthold Group, has been on a mini-campaign highlighting the parallels between 2000 and 2018....Price-to-sales ratio is one measure of a stocks value. It isn't as popular as the price-to-earnings ratio, or P/E, but is viewed as less susceptible to manipulation since it is based on revenue. He also shared a chart which he claims is 'unfit for a family-friendly publication' that shows how in terms of median price to sales ratio, the S&P 500 is twice as expensive as it was in 2000. Leuthold Group: 'Overvaluation in 2000 was highly concentrated; today it is pervasive, with the median S&P 500 Price/Sales ratio of 2.63 times more than double the 1.23 times prevailing in February 2000...upward trajectory of the market isn't sustainable,' he warns....On Aug. 22, the market will officially become the longest bull market in history. Coincidentally, the previous titleholder is the decade-long one that gave up the ghost when the tech bubble burst in 2000."
Google tracks your movements, like it or not -Associated Press
"Google wants to know where you go so badly that it records your movements even when you explicitly tell it not to. An Associated Press investigation found that many Google services on Android devices and iPhones store your location data even if you've used a privacy setting that says it will prevent Google from doing so....Google's support page on the subject states: 'You can turn off Location History at any time. With Location History off, the places you go are no longer stored.' That isn't true. Even with Location History paused, some Google apps automatically store time-stamped location data without asking....The privacy issue affects some two billion users of devices that run Google's Android operating software and hundreds of millions of worldwide iPhone users who rely on Google for maps or search. Storing location data in violation of a user's preferences is wrong, said Jonathan Mayer, a Princeton computer scientist and former chief technologist for the FTC's enforcement bureau....To stop Google from saving these location markers, the company says, users can turn off another setting, one that does not specifically reference location information. Called 'Web and App Activity' and enabled by default, that setting stores a variety of information from Google apps and websites to your Google account."
Why is Google obsessed with tracking everyone? "Google's theory of knowledge ('big data') assumes that the search for knowledge by human brains can be replaced if all of the data in the world can be compiled in one place and algorithms to analyze them can be developed." Read more in our book review of Life After Google.
Hackers 'to steal MILLIONS from cash machines within days': FBI warns of imminent mass attack on world's ATMs -Daily Mail
"America's intelligence chiefs have warned banks of a major hacking threat to cash machines worldwide in the next few days. The FBI sent out a confidential alert on Friday to warn that cyber criminals are planning a global 'cash-out scheme' using malware to take over ATMs and steal millions of dollars. Banks were warned that they could fall victim to an 'unlimited operation' in which millions of dollars could be withdrawn from cash machines. Smaller banks with less sophisticated security systems are thought to be most vulnerable to an attack using the 'jackpotting' technique, the Daily Telegraph reports. The warning said: 'The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach.' The FBI warned that 'at a pre-determined time, the co-conspirators withdraw account funds from ATMs using these cards.' Attacks could affect banks all over the world with British banks with large overseas interests including Barclays and HSBC thought to have been made aware of the danger from the 'jackpotting' technique. Earlier this year it was revealed that a co-ordinated group of hackers had stolen more than $1 million by hijacking cash machines in the U.S. The spate of attacks represented the first widespread jackpotting activity in the United States, officials said in January. The heists, which involved hacking ATMs to rapidly shoot out torrents of cash, were across the United States spanning from the Gulf Coast to New England."
Get our new 2018 White Paper, THE SECRET WAR, PART II: Weapons of Cash Destruction, which explains how cyberattacks fit into a larger worldwide scheme to stop the private use of cash so every transaction can be controlled, tracked and taxed.
Bitcoin dips below $6,000 amid cryptocurrency sell-off -CNBC
"Bitcoin fell below $6,000 Monday for the first time since June as the majority of cryptocurrencies declined in value. The world's largest digital currency by market value tumbled as low as $5,900 and was down around 4 percent, according to CoinDesk index data, which tracks prices from several exchanges. The top 100 cryptocurrencies by market capitalization were all lower as of 9:00 a.m. ET, according to data from CoinMarketCap.com, and the total market capitalization of all cryptocurrencies fell by $21 billion in the last 24 hours....According to Charles Hayter, chief executive of digital comparison site CryptoCompare, the downward move in cryptocurrencies was on the back of the postponement of a bitcoin exchange-traded fund (ETF) proposed by VanEck and Solid X. If approved, that ETF would be the first to track cryptocurrency assets."
Is bitcoin the future of money? Find out today in our 2018 Real Money Perspectives newsletter The Future of Money.
RealMoneyBlog - Free daily/weekly email
THE FUTURE OF MONEY, Swiss America's 36th Anniversary issue of REAL MONEY PERSPECTIVES discusses the biggest wildcards to prepare for in 2018, cryptocurrency mania and why gold and silver are the safest forms of wealth insurance.
Other features include: * a 2018 economic outook * Bitcoin's future * When you should file for Social Security benefits * Eight axioms to understand the fake economy and more... Request a FREE copy HERE
Latest Feature Commentary
An Inflation Nightmare in Socialist Venezuela
By Craig R. Smith
- According to the International Monetary Fund, Venezuela's inflation will skyrocket to one million percent by the end of the year as the government continues to print money. Venezuela President Nicolas Maduro's proposed solution? Strike five zeros off the bolivar bank notes. Imagine watching your life savings of 1,000,000 bolivar notes instantly shrink to just 10 bolivars!