Based Underground is now a conservative news aggregator AND curated newsletter.
Editor’s Commentary: There are two very different stances we should take when it comes to the globalist elites and their proxies, including the central banks. Whatever they tell us to do, we should do the opposite. On the other hand, whatever we see them doing, we should investigate and consider doing the same. They will tell us to eat bugs while they eat steaks, for example. I will not eat bugs. I will definitely eat steaks as long as they’re not overcooked or smothered in sauce.
It’s no secret to my long-time readers that for a little over a year, I have been very bullish about physical precious metals. Those who have money tied up in investments, whether via wealth or retirement, should take a long look at moving some or even all of it to precious metals. I’m not saying that as a “financial advisor” because I am not one. I am, however, someone who keeps my finger on the pulse of what the globalist elite cabal has in store for us and everything is pointing to economic control that will make it advantageous for us to have precious metals.
It’s also no secret that I’m not a fan of the vast majority of precious metals companies out there. This is one of the reasons I avoided taking on a precious metals sponsors for years. It wasn’t until last year when I realized a downturn or even collapse was likely that I started vetting out various companies. What I found was shocking. Nearly all of them are owned or operated by people who either contribute to Democrats, have ties with proxies of the Chinese Communist Party, or both. I have only found two companies that do not and I have both listed on my sponsor page.
The article below by JD Heyes from Natural News does not have anything to do with my sponsors. In fact, there are others mentioned in the article. Americans are free to choose whoever they want and I do not play “dirty” by talking poorly against other precious metals firms. I just know what I know and the ones I recommend are operated by America First patriots. Here’s the story by JD Heyes…
Central banks continue adding gold to their net holdings as fears rise of a global currency collapse
Central banks around the world continue to signal a coming currency collapse as they add more gold to their existing holdings.
According to a report at SchiffGold, central banks added to their gold holdings for a fifth straight month as war, supply chain crises, and a looming energy shortage in Europe all weigh heavily on global currencies and the global economy.
“On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers,” the analysis said.
The report went on to note that central banks have added a staggering amount of gold this year alone, as international uncertainty about how or if economies would recover from long-term COVID shutdowns lingered.
“So far this year, central banks have added over 300 tons of gold to their holdings,” the report said, going on to identify the largest purchaser.
“Turkey was the biggest buyer in August and has added more gold than any other country in 2022 to date. With its 8.9-ton purchase in August, Turkey has increased its gold reserves by 84 tons year-to-date. Turkey now holds 478 tons of gold between its central bank and treasury holdings, the highest level since Q2 2020,” the report added.
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“Uzbekistan added 8.7 tons to its reserves in August, roughly the same amount as the previous five months. This brings its y-t-d net purchases to over 19 tons despite having begun the year by selling almost 25 tons in the first quarter. Gold reserves account for just over 60% of Uzbek’s total reserves,” the analysis continued, going on to list other central banks that have recently increased their gold reserves by a large amount.
“After being the only notable seller in July, Kazakhstan bought 2 tons of gold in August. Total Kazakh gold reserves stand now just shy of 375 tons, down almost 28 tons since the start of the year. It is not uncommon for banks that buy from domestic production – such as Uzbekistan and Kazakhstan – to switch between buying and selling,” said the report, adding: “Mexico and Serbia both made small 0.1-ton purchases in August.”
As for the United States, all of the major banks see financial pain ahead — a lot of it, in fact.
“Investment bank research has turned markedly sour over the past few weeks. ‘More pain ahead’ is the general theme, laced with some very specific warnings about a coming financial crisis. This is not limited to a few banks – everyone is saying something like this: Bank of America, Barclays, Credit Suisse, Citi Bank, Deutsche Bank, Goldman Sachs, JP Morgan, Societe Generale, and others,” noted Mike Shelby, CEO of private intelligence firm Forward Observer, in a note to subscribers late last week.
“Morgan Stanley Global Asset analysts report that institutional and retail investors now own 23% of U.S. credit assets, which is up from just 10% in 2005. They note a large share of credit ownership has shifted from banks to investors due to higher yields, and cite an increased risk due to deteriorating credit conditions,” he added.
Other major U.S. banks have issued similar dire warnings.
Bank of America, for instance, is warning of a potential liquidity crisis in once-safe U.S. Treasuries.
“In our view, declining liquidity and resiliency of the Treasury market arguably poses one of the greatest threats to global financial stability today, potentially worse than the housing bubble of 2004-2007,” the bank’s analysts wrote last week.
Of particular concern is the $30 trillion Treasury seizing up because there are too few buyers, the analysis said.
Federal Reserve bankers in the U.S. are also bearish on the economy, including the chiefs of the Atlanta, Chicago, Minneapolis, and Boston Feds. And worse, to fix the issues, there is talk among the globalist elite to tank the U.S. dollar, thereby harming Americans.
“Several banks are talking about the potential for another Plaza Accords. That was a 1985 agreement among the finance ministers of major economies to depreciate the dollar against the Deutsche Mark, Franc, Pound, and Yen due to the dollar’s strength,” Forward Observer’s analysis said.
Why do Americans always have to suffer needlessly?
Sources include:
Smoke And Mirrors: What Happens After Biden’s Economic Manipulations Disappear?
by Brandon Smith
There is a popular school of thought that believes most economic stability is purely psychological; that the health of the economy relies on the population NOT knowing the true state of things. In other words, “ignorance is bliss.” I partially agree with the premise but only under certain conditions. If…
Kamala Harris Has a ‘Conversation’ With the National Association of Black Journalists
by Red State
Vice President and selected Democrat nominee Kamala Harris did not have to wait like former President and GOP nominee Donald Trump for the National Association of Black Journalists (NABJ) to get their technology together on Tuesday. They were right on time for this “Conversation with Vice President Kamala Harris” in…
Vaccine-Injured Americans Fight to Hold Biden-Harris Admin Accountable Over Censorship Campaign
by The Blaze
Novel COVID-19 vaccines advertised as “safe and effective” left multitudes of Americans injured or worse during the pandemic. Some of those individuals still physically capable went online to express their concerns, share their life-changing experiences, and engage with others medically compromised by government mandates and experimental science. However, in many…
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ABC News Hits the Panic Button After Sworn Statement Proving the Debate Was Rigged, David Muir Does Damage Control
by Joe Kovacs, WND
(WND News Center)—ABC News is apparently pressing the panic button in the wake of fierce criticism of its Sept. 10 presidential debate between former President Trump and Vice President Kamala Harris. A sworn statement by an ABC News whistleblower exposing network bias favoring Harris continues to be in focus regarding…
The FBI Should Visit the New York Times About Instigating More Anti-Trump Violence
by The Federalist
If the price to pay as a Republican running for president is the media blaming you for being nearly assassinated, they are culpable. The FBI should consider stopping by the homes of New York Times reporters Michael Barbaro and Peter Baker after their slew of public remarks about Donald Trump…
IT NEVER ENDS! Soros-Funded Group Doubling Down on Censorship Efforts Ahead of 2024 Election
by Newsbusters
A radical censorship-obsessed group financed by leftist billionaire George Soros is doubling down on efforts to interfere in the 2024 election by turning the screws on Big Tech to censor speech and by manipulating journalists. Free Press, fueled with at least $2 million by Soros between 2017 and 2021, announced…
NYPD: 81-Year-Old Woman Knocked Unconscious in Random Attack, Suspect on the Loose
by Breitbart
An elderly New York City woman was injured in an unprovoked attack when a random man sucker punched her in the head while she was walking her dog, surveillance footage shows. The victim, 81, was out with her dog on Friday just after 7:00 p.m. near W. 66th St. and…
Wi-Fi Routers Are ‘Significant EMF Emitters’ and ‘Should Be Away From Livingrooms/Bedrooms’ — Study
by Infowars
A recent scientific study on the specific absorption rate (SAR) values in the brain and body from electromagnetic frequencies (EMF) emitted by modern electronic devices indicate that certain tech devices, such as Wi-Fi routers, should not be in the same rooms that people spend much of their time in, such…
America First Legal Investigates Biden Admin’s Potential Knowledge of Second Trump Shooter
by Daily Caller
The conservative group America First Legal (AFL) is investigating whether the Biden-Harris administration was monitoring Ryan Wesley Routh, the suspect who allegedly attempted to assassinate former President Donald Trump on Sunday. AFL announced Tuesday it was launching a “multi-front” investigation into any records the Biden-Harris administration may possess on Routh….
With a Male Player, San Jose State University Women’s Volleyball Is Having Its Best Season Ever
by The Blaze
The women’s volleyball team at San Jose State University remained undefeated and is now 6-0 following its latest victory. The team is off to its best start in program history, according to OutKick, and continued its hot streak with a 3-2 win over fellow NCAA Division I Santa Clara. The…
Klaus Schwab Calls for “Global Collaboration” to Combat “Misinformation”
by Reclaim the Net
It will take serious research and serious access to information ever to figure out which came first, the WEF chicken, or the WEF egg. But this unelected, informal group of highly influential global elites has often been able to either seemingly predict, or seemingly help make happen – some major…
‘I Reached Out’: Chris Cuomo Reveals What He Told Trump After Second Assassination Attempt
by Daily Caller
NewsNation host Chris Cuomo on Monday said he expressed condolences to Donald Trump after the second attempt on his life on Sunday, saying the former president “doesn’t deserve” to face assassination attempts. Federal and local officials confirmed Sunday the arrest of 58-year-old Ryan Wesley Routh for allegedly attempting to assassinate…
ABC’s ‘World News Tonight’ Ratings Tank After Hosts’ ‘One-Sided’ Moderating of Trump-Harris Debate
by Harold Hutchison, Daily Caller News Foundation
(DCNF)—Ratings for ABC’s “World News Tonight” fell by over 10% since the Sept. 10 debate between former President Donald Trump and Vice President Kamala Harris hosted by ABC News hosts David Muir and Linsey Davis. The Disney-owned network’s broadcast news program hosted by Muir that airs at 6:30 p.m. EDT…
Federal Loopholes Allow China to Buy Land Near Sensitive Ports, Labs, and Coast Guard Facilities, Prompting Congressional Concern
by Free Beacon
China and other foreign adversaries are still permitted to purchase U.S. land near sensitive Coast Guard facilities, ports, and Energy Department labs, exposing national security gaps that lawmakers say enable hostile regimes to conduct espionage operations on American soil. The Treasury Department’s Committee of Foreign Investment in the United States…
Iran’s Ambassador to Lebanon Reportedly Injured by Exploding Pager
by Red State
I’m not sure who had exploding pagers on their Bingo cards for 2024, but why not? As Bonchie reported earlier: In one of the most unbelievable developments of 2024, Israel somehow hacked into the pagers and cell phones of Hezbollah fighters and caused them to explode. News of hundreds of…
Trump Issues a “Cease and Desist” to Election Cheaters, Promises Retribution for Those Who Don’t Heed the Warning
by Fred Lucas
(The Daily Signal)—As early voting begins this week in the battleground state of Pennsylvania, former President Donald Trump posted another warning to cheaters on Truth Social. “CEASE & DESIST,” the 45th president posted Tuesday. “I, together with many Attorneys and Legal Scholars, am watching the Sanctity of the 2024 Presidential…
Lawmaker Warns of Rising Trend of ‘Hostage Diplomacy’ After China Releases Us Citizen
by The Epoch Times
The top Republican on the Foreign Affairs Committee said “hostage diplomacy” is on the rise, a day after the Chinese regime released an American citizen and pastor who had been detained for nearly 20 years. The State Department announced on Sept. 15 that David Lin, who was on a missionary…
Hillary Clinton Calls for Americans Who Disagree With Democrat Narratives to Be Imprisoned
by Cindy Harper, Reclaim The Net
(Reclaim The Net)—Former US Secretary of State Hillary Clinton has has decided to ignore the First Amendment and has advocated for punitive measures aimed at Americans who contribute to the spread of what she calls “propaganda.” Speaking to MSNBC on Tuesday, Clinton suggested that holding American individuals accountable through civil…
CBS Ties 2nd Trump Assassination Attempt to Springfield, Buries Threat Hoaxes
by Newsbusters
With the aftermath of the second assassination attempt on former President Donald Trump drawing significant coverage, the Springfield “dogs and cats” story is beginning to recede from view- except on CBS, which chose to flog the story for at least one more night. Watch CBS Evening News anchor Norah O’Donnell’s…
Exposing the Lethal Fraud of Gender Ideology: Dr. Ann Gillies’ Documentary Unmasks the SOGI Agenda in Schools
by RAIR Foundation
Dr. Ann Gillies, who was featured in a RAIR Dr. Ann Gillies, who RAIR featured in an article on July 3rd, has created a 45-minute documentary exposing the dangerous and sometimes lethal fraud of SOGI (Sexual Orientation and Gender Ideology), which is being promoted in both Canadian public and Catholic…
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Gold isn’t going to help. The Chinese Yuan is crashing because of 400 billion dollars spent on housing that wasn’t built. The Euro is crashing because of 400 billion spent on Dubai that did get built. Apparently, Sharia Law isn’t a big seller; do you think?