Tuesday, December 24, 2013

Retail Traffic Plunges By "Staggering" 21% In Week Before Christmas


A Year Later, The Bundesbank Has Repatriated Only 37 Tons Of Gold (Of 700 Total)


Professor Laurence Kotlikoff- Fed Printing 29 Cents of Every Dollar Uncle Sam Spends



Eric Sprott's best interview yet; fame for Bill Murphy will mark gold's top


Demand for food stamps soars as cuts sink in and shelves empty

America, home of the poor and hungry...but hey, it's all good as the prices of trophy real estate, rare art, diamonds, and stock markets are all soaring, right?

What Americans don't realize is the Fed's "stimulative" policies are enriching only the rich, while the rest of the economy is suffering.  Printing money out of thin air doesn't stimulate the economy.  It only deepens our country's debt problems.


Angry Bart Takes His Parting Shot


The Gold Rush Spreads From China And India To Saudi Arabia


Monday, December 23, 2013

Bah, Goldbug!


Why Gold Will Surge To $2,500


CNN Claims "Americans Want Security Over Freedom"

"I think the American people, honestly, want security over freedom."
- Jake Tapper
"Any society that would give up a little liberty to gain a little security will deserve neither and lose both."
- Benjamin Franklin

What Do Heroin And Obamacare Have In Common?


How Americans Are Celebrating The "Recovery"

There appears to be a strong positive correlation between the Fed's balance sheet and alcohol consumption.


On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever


FRBNY: Sentiment Analysis And Social Media Monitoring Solution RFP

Not only is the NSA snooping on us, but so is the Fed apparently.  Hi Ben!  Hi Janet!


Sunday, December 22, 2013

US to export a record 750 tonnes of gold this year, mainly to China as local investors respond to high domestic inflation


Is China colluding with top bullion traders to suppress the gold price while buying up global gold reserves?


CFTC Announces It Is Undercounting Size Of Swaps Market By As Much As $55 Trillion

Here's the thing:  QE may be the Fed printing $75 billion per month to buy US Treasury bonds and mortgage-backed securities, but the counterfeiting, er...currency creation is actually much larger than that--in the form of currency swaps.  Some estimate as much as $16 trillion since the 2008 financial crisis.  That's why a few billion here or there isn't having any effect on the economy.  The financial derivatives nearly crashed the global financial system in 2008.

The next banking and financial crises most assuredly will.


Bart Chilton To Commodities Traders: You Are On Your Own


Ponzimonium Revisited: An Interview from the Front Lines of the Battle against Investment Fraud

Those accused us of being "conspiracy theorists" should take a breather.  All markets are manipulated.  And you lose in that relationship.  Get used to it.


Jim Rickards: Don’t worry Wall Street, the Fed’s (still) got your back


How to Keep Banks From Rigging Gold Prices


Comex Registered Gold Plummets To New Low of 490,000 As JPM Takes Deliveries


Former US Treasury Official - We No Longer Have Free Markets


Maguire - Behind The Scenes Look At The Fierce War In Gold


The Spectacularly Frightening Reality As We Head Into 2014


Maguire - Shocking Amount Of Physical Gold Bought In 7 Days


LBMA Chairman Tells Producers Gold To Plunge $400 In 2014


West Is Close To Destroying Paper Gold Scheme & The Comex


An Incredible War In Gold Is Raging Near $1,200


Man Who Predicted Gold Smash Tells Investors What’s Next


The All Important Chart For Gold & Silver Post-Fed Meeting


Fed Tapering & Propaganda To Lead Down A Disastrous Road


Monday, December 16, 2013

Vladimir Putin orders speeding up of military presence in the Arctic

The firm Russian move came after Ottawa indicated it is mapping the Arctic seabed with a view to claiming the North Pole seabed as Canadian. This puts Canada at odds with Russia which argues the underwater Lomonosov Ridge is linked to the Siberian land mass.

At stake for both countries - and others with Arctic claims such as Denmark - are vast untapped oil and gas reserves.

Money For Nothing: Inside the Federal Reserve - Trailer

Money For Nothing: Inside the Federal Reserve - Trailer from Liberty Street Films on Vimeo.


They Bravely Chickened Out


GOLD PRICE: Cartel Catch 22


The Coming Global Wealth Tax


Saturday, December 14, 2013

The 5 Most Remarkable Gold Charts As We Head Into 2014


Here Are The Most Frightening Statistics As We Head Into 2014


This Will Trigger A Massive Gold Spike To New All-Time Highs


The Incredibly Important Facts About Gold As 2014 Nears


Spectacularly Bullish Gold News We Haven’t Seen In 3 Years


This 2014 Surprise Is Going To Cause Gold To Super-Surge


Absolutely Stunning Developments In The War On Gold


Friday, December 13, 2013

Shocking Events & Big Picture In Gold As We Head Into 2014

This is brilliant, eloquent commentary on the gold market.  It is long and esoteric, but if you don't understand every single concept, study it.


Tuesday, December 3, 2013

Gold Leasing Is A Tool For The Global Credit Game


Germany's regulators investigate manipulation in the gold market

And they called us conspiracy theorists?  Back at ya...when this breaks open to the hoodwinked masses, there will be blood in the streets.  The apologists will then try to accuse Germany of being a banana republic.  Look in the mirror, America.

The worst atrocities in the world don't affect people until it hits home--or their wallets.


Monday, December 2, 2013

Live Stream From Escalating Ukraine Protests As Hundreds Of Thousands Take To The Streets

Arab spring.s is turning into Euro spring, and is a precursor to a global spring.  That's what happens when the global reserve currency (USDollar) is getting destroyed by its issuer (US Treasury and Fed).  Import prices are rising and putting food on the table is becoming increasingly impossible.  Hence, that is why folks are taking it to the streets.  It has nothing to do with evil dictators.

Most countries have lived through totalitarian regimes for centuries.  They aren't risking life and limb today over ideological differences.  They are starving.


The Most Important Video You Will Watch Today


Sunday, December 1, 2013

Foreign Relations of the United States, 1973–1976



Paul Craig Roberts - US Corruption & World Interference Failing


Gold, Money, China & Frightening Worldwide Destruction

It takes the Swiss to understand real money.  Having said that, even the Swiss Franc has been devalued by the Swiss National Bank.  All fiat currencies are being destroyed.


Former US Treasury Official - China To Dominate US


Shocking Chart Shows Gold Will See “Astronomical Levels”


Thursday, November 28, 2013

China Gives Thanks For Cheap Gold


Gold’s organized retreat. Who benefits?


The most rapidly depreciating currency in the world


David Stockman Fears "Panic" When The "Lunatic" Fed "Loses Control"

Well, David Stockman certainly isn't drinking the Kool-Aid.  I agree with him, but timing bursting of asset bubbles is never easy to do.  As exaggerated as asset prices are in equities, they can become stretched to even more irrational levels in a melt up.

Even if nominal values appreciate, if the sovereign fiat currency in question is in a free fall, real wealth is not achieved.  For example, if soaring stock markets are an accurate indicator of prosperity, Zimbabwe would be the wealthiest nation in the world.  Clearly, that is not the case for the former advanced economy of the once-prominent Rhodesia.

Stockman's case for the Fed exporting currency devaluation to other countries is absolutely true, as central bank balance sheets are exploding globally.  Jim Rickards wrote his best-selling Currency Wars on that very premise of a race to the bottom.  Currency wars never end well, but when the entire planet is doing it (which is unprecedented in world history), the outcomes may very well be our worst nightmare economically.


Wednesday, November 27, 2013

Paul Craig Roberts - The US Is Being Destroyed


Stunning Bullion Bank Moves As LBMA & Comex Implode


Here’s The Truth Governments Don’t Want The Public To See

Inflation 101:  concepts that professional Keynesian economists can't or won't wrap their heads around.


Absolutely Astonishing Developments In The War On Gold


Double, double toil and trouble. ‘Treasuries’ burn and ‘markets’ bubble

The Fed is trapped--and we are cooked...


Sunday, November 24, 2013

China’s Frightening Plan To Dominate The World


One Of The Most Terrifying Predictions For The Year 2014


Number of Prisoners in the US

Click on Image to Enlarge

Jim Sinclair Named Executive Chairman of Singapore Precious Metals Exchange (SGPMX)


Inflation is Raging – If You Know Where to Look

I would add BitCoin to the list of tangible assets experiencing inflation.


Where Did All The Gold Go?

Click on Image to Enlarge

Thursday, November 21, 2013

Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You


Bad news for woman cited as Obamacare success story


Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats Are Flawed


Gold pours into China to meet record demand, bypasses Hong Kong


Ray Dalio & Larry Summers - Fed Faced With A Difficult Choice


Nazi Style Fed Propaganda Used To Smash Gold Market


Wednesday, November 20, 2013

Historic Chaos, Crisis & The War Between Inflation & Deflation


Labor Force Participation Rate

Word is finally leaking out that the Bureau of Labor Statistics fudges their unemployment data, painting a rosier employment picture than reality.  It renders the U-3 unemployment rate completely meaningless and masks the truly precarious joblessness of the US.

The labor force participation rate is the true indicator of how putrid the labor economy is.  It has sunk to a 35-year low.  The US was embroiled in one of the worst recessionary stagflations under the Jimmy Carter presidency in 1978.  The US economy wasn't growing then--and it's not growing today, despite equally rigged GDP growth data--again, released by the BLS.

Government statistics have become one big propaganda campaign of disinformation.  Actual labor force participation may be even worse, as the rate is published by...you guessed it...the BLS.

Click on Image to Enlarge

US Fed to get greater powers: Bernanke

As usual, the headlines are misleading.  The Fed is enacting laws--in conjunction with the International Monetary Fund--to prevent a taxpayer-funded bank bailout at the onset of the next financial crisis.  It sounds reasonable and noble enough, given the plundering of tax funds to recapitalize the collapsed banking industry in 2008.

The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank.  In other words, they will raid customer deposits.


Obamacare: The Final Nail In The Coffin For The Middle Class


The October 2012 Pre-Election Jobs Report Was Faked


Government To Investigate Government Over Jobs Manipulation Report


Tim Geithner in January 2013: “Extremely Unlikely Will Take a Job in the World of Finance”


Gold Manipulation Probed By U.K. Regulator

Every market has been rigged and manipulated.  All except the precious metals sector.  At least that's what the status quo wants the sheeple to believe.


Tuesday, November 19, 2013

Warning - NSA To Oversee Individual Bank Accounts & Wealth


Ex-Treasury Secretary Shot With JFK - Vast Criminality In US


Ex-Fed official: 'I'm sorry for QE'

This is another example of a former government official speaking the truth only AFTER he leaves office.


Moody’s cuts ratings of three big US banks

First the good news:  tax payers will no longer be on the hook for bailing out banks in the event of a banking crisis.

Here's the bad news:  depositors and credit holders will be raided in the event of a bank bail-in.


Economists: Long-term joblessness is national emergency

It is not coincidental that former government workers only speak the truth AFTER they are no longer working for the government.


Monday, November 18, 2013

Behind the Scenes Glimpse At The War On Gold & Silver


“Orwellian Propaganda,” Delays & A Catastrophic Ending


The Largest & Most Spectacular Rise & Fall In History


Stockman - Worldwide Turmoil To Be Far Worse Than 1981


Stunning Events To Create A Historic Financial Earthquake


Art Cashin - Enormous Danger Facing US & The World


The United States Is Now In A Catastrophic Default


David Stockman - Lunatic Fed Engineering Global Collapse


Chilling Warning Coming From China & The Elites


Asian Central Banker’s Shocking Confession About The West


Welcome to the Currency War, Part 11: Europe’s Imploding Recovery


Sunday, November 3, 2013

China's Gold Hoarding Continues: Over 2,200 Tons Imported In Two Years


Wikileaks Discloses The Reason(s) Behind China's Shadow Gold Buying Spree


eBay CEO weighs PayPal bitcoin option

I told you so.  Those who doubted the legitimacy of digital currencies were short-sighted.  I blogged about this here.  Now Ebay and PayPal are planning to incorporate crypto-currencies.  I knew this because I saw PayPal and VISA representatives at a small BitCoin gathering in San Francisco.


"If you like your health care plan, you can keep your health care plan." Barack Obama Supercut


Annihilation of U.S. Dollar Coming-Jim Sinclair

Let me de-brief you on Jim Sinclair's track record.  He predicted gold would soar above $850 in the 1970's, when it was fixed at $35.  He sold at the 1980 absolute top--to the day, at $875.

When gold was languishing below $300 a decade ago, he predicted gold would reach $1650.   In 2011, gold reached a peak of $1923.  With gold in the low $1300's recently, he is forecasting price targets of $3,500--and $50,000.

I hope he is wrong.  But over the last four decades, he hasn't been.

Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”  By 2020, Sinclair predicts, “Emancipated gold will be $50,000 per ounce.”

Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination


US emergency food providers brace as $5bn food stamp cuts set in


Israel ‘furious’ with White House for leak on Syria strike

The roster of US allies pissed of at Washington is growing.  Conversely, the list of US allies is shrinking.


Financial Destruction Will Be Unleashed On Global Economies


The United States Is Now Set To Plunge Into Economic Chaos


LBMA Collapse To Expose US, Europe & BIS Gold Is Gone


The Fed Is Going To Shock Markets By Increasing QE


We Are Now In The “Last Innings” Of The End Game

The Western world is still faced with increasing debt.  The mainstream media has been focused on the fact that there was a very small decline in the budget deficit, but if you look back in history it took the United States 192 years to rack-up $1 trillion of debt.  Then, the next $1 trillion of debt took only 30 years.  Astonishingly, now we are going through $1 trillion each year.

Right now China has somewhere on the order of $1.2 trillion, and has been diversifying away from those dollar reserves into everything from skyscrapers, to companies, to gold.  The Chinese will continue to do that, but, meanwhile, because of the slowdown of international investors buying dollars, ironically the Fed has had to print dollars in order to buy dollars (laughter ensues).  That, too, is unsustainable.

Danger For The West As China Makes Global Chess Moves


The Frightening Thing That Threatens To Crash World Markets


Friday, October 25, 2013

While Bernanke May Not Understand Gold, It Seems Gold Certainly Understands Bernanke


Saudi Arabia warns of shift away from U.S. over Syria, Iran


The Ongoing War In The Gold Market Continues To Rage


Staggering Physical Gold Demand Now Overrunning Shorts


Here Is The Surprising Reason Gold Is Soaring Again Today


The Frightening Truth About China’s Control Of The US


Thursday, October 24, 2013

World Just Witnessed A Stunning Watershed Moment In History

“Well, I think the Fed needs to do whatever is necessary to help meet our dual mandate objections.  I don’t really think about it as far as limits are concerned because I think there is a tremendous amount of capacity.  We can go as long as necessary.”

De-crowning the dollar, and the 'collapse' ahead


A Great Inflation Is Coming That Will “Shock The World”


Man Who Predicted Surge In Gold Says Rally Just Beginning


Here Is The Shocking Reason Why Gold Is Soaring Today

...the West is literally running out of physical gold.

This Has The “Money Masters” Of The World Truly Terrified


We Are Looking At A Frightening End Game

The reality here is that once a nation or nations go past a certain point, there is no turning back.  You have to either destroy the debt structure, which is a hard-debt deflation, or you destroy the currency by printing more and more until you see a hyperinflationary collapse.  There will be no other possible outcome to this scenario other than the horror of what I just described to you.  Regardless, one way or another we are looking at a frightening end to all of this.”

Fed likely to delay taper after disappointing US jobs data

Fed will delaying tapering of QE.  Really?  I'm shocked. (sarcasm intended)


Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis

Even Australia is joining the debt party.


Sunday, October 20, 2013

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation


China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault

If you can't gain access to the gold, buy the vault.


Tentative Deal Hands JPMorgan Chase a Record Penalty


Creeping Capital Controls At JPMorgan Chase?


How To Survive The Coming Financial Chaos In The US


Saturday, October 19, 2013

People In Asia Are Staggered At What’s Happening In The West


Billionaire Sprott Says Gold & China To Dominate The World


All Hell Will Break Loose And It’s Going To Be “Pandemonium”


Pillaging the GLD


China and Gold


Short Selling Banks Covering on Gold?


Billionaire Sprott Asks How Will People Survive What’s Coming?


Maguire Predicted Gold Surge - Now Says West Is Collapsing

This is as must-read by Andrew Maguire, London gold trader and whistleblower.  Keep stacking.


Tuesday, October 15, 2013

China Enjoying Gold Clearance Sale


Bullion banks “selling gold they don’t possess”. Squeeze alert!


China's Gold Obsession Goes Beyond Stocks And iPhone5s


The sun is setting on dollar supremacy, and with it, American power


U.S. May Join Germany of 1933 in Pantheon of Defaults


Lagarde Lectures Her Owner


America’s default on its debt is inevitable


Monday, October 14, 2013

This Is What Has The United States Truly Terrified


Historic Events Unfolding As West Becomes More Desperate


They’re Coming For Your Savings


Everyone The U.S. Government Owes Money To, In One Graph

Notice how the US government owes money to many different US Treasury bond holders?  Including itself?  That folks, is why this is nothing else but a Ponzi scheme.


How Much Longer Will the Dollar be the Reserve Currency?

The answer to this question will be the single most important determinant on investor outcomes over the next decade.


Chaos In 17 States Reveals Our Current System Is Finished


Sunday, October 13, 2013

U.S. fiscal failure warrants a de-Americanized world


Maguire - West Loses Staggering Amount Of Gold In Takedown


The Incredible Destructiveness Of Hyperinflation To A People


Art Cashin - Danger For The US & Strange Happenings In Gold


Gold And Silver Smash & A Nation On The Edge Of A Precipice


Maguire - The “Vampire Squid” Is Busy In The Gold Market


“The Bigger Picture For The West Is Very Grim Indeed”


Man Who Predicted Gold Takedown Says West Is In Danger


Why I Am A Terrified As I Watch The End Game Unfolding


Friday, October 11, 2013

60-Year Market Veteran Says US Is Bankrupt & Will Collapse


What Investors Must Know If There Is A “Catastrophic Event”


Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

Russia is following in the steps of China in setting up exchanges for delivery of physical precious metals.  This is one more arrow in the USDollar as the global reserve currency, as Russia and China aim to back their respective currencies with gold.

Those who fail to anticipate this eventuality will experience cataclysmic losses.


Commodity Prices Wrong as Often as 27% of Time for Traders

Libor and ISDAfix are part of a suite of financial benchmarks that underpin about $1 quadrillion of assets and trades, almost 14 times global economic output in 2012.
I wasn't kidding when I pointed out that the notional value of financial derivatives was over $1.2 quadrillion.  ISDA represents $400 trillion of interest rate swaps.  If bond yields rise appreciably, those derivatives would blow up the global financial system.

Currency Wars


Thursday, October 10, 2013

Kyle Bass on US Treasury Default

In other words, all paper assets go to zero.

Wednesday, October 9, 2013

Paging Dr. Crane

This is a must-read for those wishing to avoid the Wall Street head fake.


Governments Will Start Panicking As Chaos & Crisis Accelerates


Starved of gold, Indians may import record volumes of silver


Former US Treasury Official - President To Seize Total Power


US Propaganda Is “Smokescreen” For A Catastrophic Problem


Tocqueville Gold Strategy Investor Letter Third Quarter 2013


“I Believe We Are Now Approaching The End Game”


Monday, October 7, 2013

Systems are Breaking in Treasury Bond Market-Dr. Jim Willie

“I don’t think the Fed is going to taper its bond buying. I believe they are going to double it. The Fed will say let’s continue QE, and instead of suffocation from rising rates, we’ll have drowning from rising costs. . . . They are going for drowning because it’s slower.” - Dr. Jim Willie

Russia to Grab Pension Money, Temporarily

Russia deploys bail-in and plunders pensions.


We Owe $220 Trillion - How Long Can The Fantasy Continue?


The Fed Is Going To Shock The World By Increasing QE

I agree with Pento that the Fed will be "forced" to increase QE.  The only question is "when?"  Will the Fed increase QE after dramatic losses in capital markets, in another desperate attempt to prop up equities?  Or will they just increase QE to preempt distorted markets from a corrective recalibration?


David Stockman - The Crisis Today Is Far Worse Than 1981


Fleckentstein - Gold & What Is Going To Make Stocks Crater


I Am A Terrified Observer As I Watch The End Game Unfolding

Eric King:  “How bad will this be when the West finally hits the wall?”

Rule:  “I don’t know, and I don’t know when it will come.  The US can renege on a whole bunch of social promises.  What scares me is that the dialogue isn’t even dealing with the harsh reality the US faces in the future if radical changes are not made immediately."

All I hear is from the US officials is, ‘We can’t taper, the economy is too weak,’ and, ‘We can’t shut down the government because government provides all of these essential services.’  But the coming austerity will be very unpleasant to go through, and people are going to eventually recognize QE for what it is, which is counterfeiting.

The problem with all of the promises the politicians have made is that they are all lies.  I have advocated that people own gold and silver because at the fulcrum point of this deception on the part of the government is the currency.  You can’t have unsecured obligations on top of unsecured obligations.  And the medium for exchange of lies is fiat currency.

The idea that the gradual unraveling of these lies will result in the depreciation of fiat currencies, and the dramatic revaluation of precious metals to the upside, seems to me to be an extremely likely outcome.  I am a terrified observer as I watch the end game drawing to a close.  But I will tell you that I feel more comfortable and sleep better owning gold and silver, rather than having all of my savings in fiat currencies, which are the unsecured obligations of bankrupt, or soon to be bankrupt borrowers."

The US Is Going To See A Monster Collapse - One For The Ages


David Stockman - This Financial Collapse Will Be Catastrophic

Eric King:  “How frightening will that period of chaos you just described be for investors?”

Stockman: “There is every reason to believe that it will be outside the range of prior experience.  Once it is clear that the Fed is out of ammunition, I think it’s going to cause an even greater wave of panic than we had last time (in 2008).  I think it’s a ship of fools (the Fed).  They have enormous power over the entire financial system, not only domestically, but over the entire global system.  It tells you why this doctrine of monetary central planning is so destructive and dangerous.  No twelve people should be in a position to unleash this kind of turmoil.”

Eric King:  “In the 1970s we saw the 25-fold move in gold, before you guys (Stockman, Volcker & Dr. Roberts) rescued the system.  But this time around we’ve already seen gold up almost 800% (at the peak in 2011).  It almost sounds like gold could repeat or even outperform what we saw in the 1970s as this chaos really starts to unfold.”

Stockman:  “The upside for gold is unfathomable.  If the monetary system really unwinds because the central banks take it to the edge, and over, there’s no telling how far gold could rise.”

Thursday, October 3, 2013

Banca d'Italia says gold reserves key to cenbank independence

Wow, a central banker dispensing some truth serum while still in office.


In a keynote address to the London Bullion Market Association's annual conference, Salvatore Rossi, director general of the Italian central bank, told delegates that gold plays a special role in central banks' official reserves.

"Not only does it have the vital characteristic of allowing diversification, in particular when financial markets are highly integrated, in addition it is unique among assets in that it is not issued by any government or central bank, so its value cannot be influenced by political decisions or by the solvency of any institution," he said.

"These features, coupled with historic ... and psychological reasons, stand in favour of gold's importance as a component of central bank reserves," he said. "Gold underpins the independence of central banks in their ability to (act) as the ultimate bearer of domestic financial stability." 

Catastrophic Collapse To Unleash Unprecedented Chaos


Fighting for a fair game in the gold market

This is a must-view video on the surreptitious price suppression of precious metals.  Notice the interview with GATA's Chris Powell was done on CNBC Hong Kong and not on CNBC Europe or CNBC in the United States.  That is not coincidental.


Failed US Government Intervention Causing Panic Into Gold


Wednesday, October 2, 2013

Canadian billionaire predicts end of US Dollar as world's reserve currency - Ned Goodman lecture


Americans warned bank 'bail-ins' coming

I presented the bank bail-in concept several months ago, and again last week to several business groups.  It is coming.  The Cyprus bail-in was not an anomaly--it was a blueprint. 


CFTC Investigation PROVES Silver Bullet Silver Shield Is Right


Man Who Predicted Gold Takedown Tells Investors What’s Next

When you combine this with extremely robust and sustained demand from China, India and other places, it will soon halt this effort to push the phony paper price lower.  At that point investors will need to go to full allocations in physical metal.

I think people like us, Eric, who are already pretty fully invested in physical gold should just relax.  Understand that what’s going on here is orchestrated and that it can’t be sustained.  KWN readers have to understand that when the US Dollar Index briefly broke below the critical psychological level of 80 on Tuesday, that is precisely when the massive intervention in the gold market began.  But, again, this type of intervention cannot be sustained for very long.

So as long as you’re not invested on leverage, and I’ve never encouraged your readers or listeners to use any leverage in their positioning in gold, you will be fine.  As long as this is money that investors have put aside for long-term investment purposes, which is what I’ve always encouraged, they are going to be well positioned.  The sociopaths that are gaming these markets are rapidly running out of ammunition.  As gold eventually bottoms and finally begins to turn, you are going to see one of the most spectacular rises in the history of any market.

Sunday, September 29, 2013

Costs of Investing in Mutual Funds

Mutual fund costs:

Hidden costs:

Poker End Game - JP Morgan, Fed, US Treasury, China & Gold

While this piece speculates about a conspiracy wrapped inside a conspiracy, I've always had my suspicions on who the price suppressors of gold and silver are.  The usual suspects are easy targets:  the Fed and other central planners want lower precious metals prices to mask their massive counterfeiting schemes globally.

But the Chinese have motives too:  they are accumulating gold in exchange for US Treasury bonds because they understand the USDollar will lose its reserve currency status soon, and the Chinese want the yen to have a seat at the global reserve currency table.  With gold-backing, the yuan strengthens its case substantially--as will the Russian ruble.


Jim Grant - The Fed Is A Danger To The U.S. & To The World


Saturday Night Live Mocks Obamacare in Hilarious Skit


Saturday, September 28, 2013

Five reasons why gold prices will decline (not really)


THE FED QE MACHINE: Inflationary Valuations for Gold & Silver


COMEX Gold Inventories Hit New Low


If all else fails, Obama will raise debt ceiling himself: analyst

The nation's debt ceiling will be raised:  the only questions are how, when, and by whom.  In the end, it won't matter:  it merely signals the insolvency of this country anyway, and we are too far down the rabbit hole of debt hell to reverse course.

The US will continue to pile on debt--until buyers are exhausted, which they've already shown an inclination for.  The Fed is now the buyer of last resort, and when they are the ONLY buyer of US Treasury debt, the end game of bankruptcy will reach our shores.

The USDollar itself is on death's doorsteps.  Hello, $1000 loaves of bread and $1000/gallon of fuel.


Looting the Pension Funds

So when you invest your pension money in hedge funds, you might be paying a hundred times the cost or more, you might be underperforming the market, you may be supporting political movements against you, and you often have to pay what effectively is a bribe just for the privilege of hiring your crappy overpaid money manager in the first place. What's not to like about that? Who could complain?

But the idea that these benefit packages are causing the fiscal crises in our states is almost entirely a fabrication crafted by the very people who actually caused the problem. It's like Voltaire's maxim about noses having evolved to fit spectacles, so therefore we wear spectacles. In this case, we have an unfunded-pension-liability problem because we've been ripping retirees off for decades – but the solution being offered is to rip them off even more.



3 Disasters Now Threaten To Collapse The World Economy


The unstoppable growth of US money supply


Jim Grant - The World Will Witness Extreme Monetary Disorder


Celente Blasts The CFTC & Bart Chilton & Previews New Trends


Disastrous Error Has Increased The Risk Of A Major Collapse


Gov Targets Private Bank Accounts: Seizes Funds of Innocent Americans Without Charge or Trial


There Will Be Hell To Pay When This Tragic Collapse Begins


Massive Gold Earthquake Now Shaking The Financial System

The subject of this interview is correct with his view that the world is shunning the USDollar in favor of gold, but his citing of China's official gold reserves at 1,054 tons is outdated.  China announced that figure in 2009, but has been accumulating gold feverishly to where unofficial estimates of 5,000 tons are more accurate--and growing.

Also, western central bank official holdings are equally outdated--but in the opposite direction as they have been surreptitiously dishoarding inventories at alarming rates in attempts to cap gold prices.

The net effect is official gold reserves in the emerging economies are understated, while western developed countries are overstating their official holdings, as their depositories have been hollowed out from gold leases, swaps, and outright sales.


Big Picture Great For Gold But Bad For Millions Of Americans