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How Soon Will Cash Disappear? -NY Times

Gold last traded at $1,277 an ounce. Silver at $16.97 an ounce.

NEWS SUMMARY: Precious metal prices zig-zagged Wednesday amid rising volatility. U.S. stocks fell for a 5th consecutive day as investor sentiment has turned more bearish.

Will Cash Disappear? -New York Times
"There are few corners of the world where electronic transactions are not growing faster than cash...But the movement away from cash is happening in very different ways and at varying paces around the world. Scandinavian countries are already well along the road toward cashless societies. Many banks in Sweden no longer have cash on hand, and consumers can make instant transfers directly from their bank accounts....China is the most talked-about location in the battle between cash and electronic payments. PayPal-like wallets created by Chinese online giants Alibaba and Tencent have become the most popular ways to pay for things online....The benefits of moving away from cash have been trumpeted by economists like Kenneth Rogoff, who wrote 'The Curse of Cash,' about how paper money enables crime and tax evasion. But the critics of cash have been met by their own critics, who argue that electronic payments can disenfranchise poor people who lack easy access to bank accounts and the internet and can make it much easier for governments and corporations to monitor a person's every step."

"You are a casualty of the 'war against cash' if you have a bank account - and probably do not even know it," according to author and Swiss America Chairman Craig R. Smith. According to Smith, "The federal government, big banks and the tech giants all have plans to digitally end paper money ... forever!" You must hear this confidential interview between Michael Savage and Mr. Smith, which is now available on a FREE CD or mp3. Discover what steps must be taken to protect your hard-earned money from this accelerating WAR ON CASH.

JP Morgan Ray Dalio Goes On Gold Buying Spree -Zero Hedge
"Until last quarter, the world's biggest hedge fund had, curiously, never held a position in any of the most liquid gold ETFs...That changed in the second quarter of 2017, when Bridgewater made its first tentative purchases in the gold ETF space, buying up 577,264 GLD shares, for $68.1 million, as well as 3.1 million IAU shares worth $36.8 million. ...Ray Dalio urged investors to buy gold in case 'things go badly.'....In Q3, Ray Dalio went on a gold buying spree, increasing his GLD holdings by a whopping 575%. As a result of the surge in holdings, Bridgewater as of this moment, the 8th largest holder of paper gold, known as GLD....It wasn't only GLD, however, because Bridgewater also nearly tripled its IAU holdings, increasing its paper iShares gold holdings by 266%, from 3.1 million shares to 11.3 million. And now that Ray Dalio is rapidly buying up GLD, IAU and other gold holdings, we wonder how long before the momentum chasers send gold, both paper and physical surging."

Will Protestors Silence Our National Anthem? -Pontification Blog
"Even facing a huge boycott by viewers on Veterans Day, the NFL league office refused to change its policy that allowed players to protest by not standing respectfully during the traditional playing of America's national anthem. Such players who take a knee, link arms, or otherwise show disrespect, generally fall into one of two categories. Some want to make an ideological protest against what they see as American society, from police behavior to the nation as a whole....Other young players apparently see the enormous media attention Kaepernick is given in the liberal media for his protests and want such national attention and fame for themselves....Major networks, seeing their ratings and profits plummet, have experimented with no longer airing the anthem. This might remove the ego gratification and attention some players crave. But for leftist ideologues, this is victory in an age when Antifa protestors chant 'No Trump! No wall! No USA at all!' For radicals, tearing down statues of Thomas Jefferson and George Washington is only the start of writing the United States out of history and out of the hearts of Americans. By blocking the televising of the anthem, these America-haters believe they have won a huge victory. This must not stand. The California NAACP now wants to banish our anthem, 'The Star-Spangled Banner,' as racist because its rarely-sung third stanza refers to 'the hireling and slave' (which could easily be deleted)....Author Francis Scott Key, as Craig R. Smith and I document in We Have Seen The Future and It Looks Like Baltimore, was also brother-in-law to Roger Taney, who would later as U.S. Chief Justice write the notorious Dred Scott Decision. Key's grandson, journalist Frank Key Howard, would be imprisoned by Abraham Lincoln for criticizing him; Howard would be locked up in the same Fort McHenry about whose stand against the British the anthem was written. 'The Star-Spangled Banner' today could get you arrested if at an airport you began singing its lyrics about rockets' red glare or bombs bursting in air." Full story

Bitcoin: The World's Most Dramatic Bubble Ever? -Wall Street Journal
"Investment manias throughout the centuries have ranged from tulips to tech stocks to housing; is bitcoin different? First it was tulips. More recently it was tech stocks and then the housing market. Lately, it's all about bitcoin. All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what's in store for bitcoin....Bubbles are investment manias, where prices jump so high that no fundamental analysis can rightly justify the surge. The price gains, usually sharp and quick, are typically followed by busts that tend to be just as severe....Bitcoin is the 'very definition of a bubble,' Credit Suisse Group AG Chief Executive Tidjane Thiam said at a conference earlier this month. J.P. Morgan Chase & Co. Chief Executive Jamie Dimon called bitcoin a 'fraud' that will 'blow up.'....If past bubbles are any indication, bitcoin's spectacular rise won't last forever. And when it ends, look out below."

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17GR VOLATILITY'S LAST STAND, Swiss America's 35th Anniversary issue of REAL MONEY PERSPECTIVES discusses how to safely navigate the sweeping changes headed for the U.S. and the global economy in 2017 under President Trump.

VOLATILITY'S LAST STAND covers: 2017 Economic Outlook * Trump's Triumphant Capitalist Revolution * The Savage Truth About Money & The Machine * Why Your Portfolio Must Include Gold * The War On Cash Intensifies * The Physical Gold Mandate * Owning Gold For the Right Reasons, and more... Request a FREE copy HERE

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By Craig R. Smith -While the details are still very much in flux one thing is certain, President Trump's resolve in asserting America as a force against human atrocities; a resolve absent during the Obama years. As for me, I am proud that America is attacking evil wherever it rears its ugly head. More...

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