Tuesday, December 30, 2014

Nazi Leader Hermann Goering quote

This is rather chilling, but it's deniable in describing many government leaders.

  • "Naturally the common people don’t want war; neither in Russia, nor in England, nor in America, nor in Germany. That is understood. But after all, it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along, whether it is democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country." – Hermann Goering

The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal


In One Chart: What If a Typical Family Spent Money Like the Federal Government


Friday, December 26, 2014

Former Presidential Adviser & Plunge Protection Team Member On Gold Repatriation


David Stockman On Black Swans & The U.S. War With Russia

I agree with Stockman's opinion on the illogical and dangerous US foreign policy of encroachment on Russia.  But I do disagree with this part:

“There was no reason to expand NATO all the way through eastern Europe — adding 14 new countries since the Cold War ended — coming all the way to the border of Russia, creating tensions and antagonisms that have no reason to exist."
There were reasons--nefarious and misguided notwithstanding.  China needs energy, and it has secured energy sources from Russia.  The BRICS countries have the population, the natural resources, and are generally more solvent than the over-indebted western powers.  Current US policy of agitating Russia is an affront against both superpowers China and Russia.

So there are reasons behind the US' "war against Russian aggression."  But it doesn't make the campaign against Putin moral, and it will end up being disastrous.


Former White House Official Says U.S. Already At War With Russia & China


SF Fed Warns US Equity Valuations Will Be Cut In Half In Next Decade


Thursday, December 25, 2014

Reuters Objectively See’s Russia’s Options as Losing or… Losing Badly

This is one of the most important articles I've read on the geopolitical struggles encountering the US.  NATO, the US, and the global banking cartels are at war with Russia, but the true battle is against China's growing presence as a superpower.  King Dollar is about to topple, and the western powers are doing everything to preserve its reserve currency status.

Clinging on to ultimate superpower status never works.  It can be extended, but it cannot be reversed.


Bankers See $1 Trillion of Zombie Investments Stranded in the Oil Fields


"Isolated"? China Officially Offers Help To "Irreplaceable Strategic Partner" Russia


The Terror Of How Banks Use Our Money: Russell Brand The Trews

I am not endorsing Bitcoin, Startcoin, or any other crypto-currency, but Max Keiser nails it when he exposes the shenanigans of the banking cartels.


Peter Schiff Owning Everyone's Ass on C-span


Russia Says It Has Evidence From Ukraine Military Defector Kiev Was Responsible For MH-17 Crash

The truth about who shot down Malaysian Flight MH-17 is starting to leak out.  Despite western propaganda accusing Russia, it was a Ukrainian jet fighter, not a Russian surface-to-air missile.  The outcome will be eventually exposed by international investigators, but my money is on denials by western authorities.


Global Investors Rush To BTFRD

It appears predictions of Russia's demise were premature.


Tuesday, December 23, 2014

BMO Capital Markets' Andrew Kaip Says Get Ready For The Consolidation Wave

There are those that seek the safety of physical precious metals.  And there are those who want upside alpha in paper assets, and understand the downside risk.  See disclaimers in the side bar.


T. Boone Pickens Rages On CNBC: "I Am The Expert, Not You", Says Oil Down Due To "Weak Demand"

T. Boone Pickens is hilarious in this exchange with CNBC anchors.  Let's just say he has a choleric personality.


The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts, Part I

Here's the non-esoteric, non-intellectual version of Stockman's insightful article:  the Fed allowed banks to repay their bailout loans by printing up trillions of dollars and giving it to the banks free of charge and risk-free.

Call it Redneck Economics 101, but that's the gist of our banking system.


Here Is The Reason For The "Surge" In Q3 GDP

Click on Image to Enlarge

Monday, December 22, 2014

The Silver Series: The Many Phases of Silver (Part 1 of 4)


Former Airline CEO Claims US Military Shot Down MH370 Near Diego Garcia


Forget The Propaganda, Things Will Quickly Unravel As We Enter 2015


Yes, Russia To Unleash Black Swans Against West But Here Is The Scary Part

It's becoming pretty clear why the Obama administration is making nice with Cuba, and declaring North Korea's "cyber-attack" on SONY.  Both are allies of Russia and China, respectively.

In fact, North Korea can't lift a finger without China's approval and capabilities.  Re-declaring North Korea as a terrorist threat is merely misdirection to rally nationalistic support against China.

Russia and China individually are formidable nuclear-capable threats.  The two foes combined make them impossible to engage militarily.  From a foreign currency perspective, the USDollar is gaining strength and wreaking havoc in all oil-exporting nations.

These currency devaluation wars are a precursor to military conflict.  King Dollar must maintain its hegemony, or it's lights out for the US. 


The Global Monetary Reset Is Under Way


Saturday, December 20, 2014

Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?


Paul Craig Roberts – Russia To Unleash Ultimate Black Swan Against The West


Will This Take Markets To The Brink & Bring Consumers To Their Knees?


Paul Craig Roberts Stunning 2015 Predictions – At Any Time The West Can Collapse


Global Gold Rush To Intensify As Currency Wars Rage & China Moves To Dominate World


Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High

As usual, the financial media reports another lie about gold, with complicity from Societe Generale, a French bullion bank who is incentivized to publish anti-gold and anti-Russian propaganda.


Signing Off


The Day Einstein Feared Has Arrived


Saturday, December 13, 2014

President who vowed to end war, now seeks sweeping power to expand it


What Do They Know? CME Implements Gold, Precious Metals Circuit Breakers Up To $400 Wide

The CME knows something you don't.  They are expanding the price range for circuit breakers to be triggered, in the event of "illiquidity" and trading halts.  Basically, it means when there is panic selling or panic buying, and trading is so furious that markets are broken, that the exchange systems break down, and trading is halted.

Expect huge price swings for gold and silver going forward.  We don't know when, but we do know the authorities know it WILL happen.
You've been forewarned.


Tuesday, December 9, 2014

Willem "Gold-Is-A-6000-Year-Bubble" Buiter Joins Council on Foreign Relations As Senior Fellow

This is classic.  Any "One World Order" conspiracy theorist couldn't have written a better script.  A renown banker pens the ultimate wrong-headed anti-gold propaganda piece and becomes an honorary member of the Council on Foreign Relations two weeks later.


For a taste of the CFR and its connection to the Bilderberg Group, here's a review of Daniel Estulin's book “The True Story of the Bilderberg Group."


Monday, December 8, 2014

The Golden Age

A couple points:

1) an article recounting the monetary history of gold in the New York Times is a rare event, as the Times is traditionally a shill for the banking class, which is very anti-gold.
2) trust those who understand economic and monetary history--not mainstream Keynesian economists who only understand fiat currencies.  The ignorant drivel coming from these so-called economists is stunningly vacuous.


The Mother Of All Bank Runs!

I agree with the premise of the enclosed article below:  the trend of central banks repatriating their sovereign gold will accelerate.  But I believe the author has it wrong on the details of the US Treasury bond buying binge by Belgium.

Belgium's economy is nowhere near large enough to support the legitimate purchase of such a huge sum of US Treasuries.  But due to lack of demand by bond buyers, and due to the winding down of QE3, SOME buyer had to take up for the slack in demand.  With the Chinese and Japanese slowing or even reversing their bond purchases, and the Fed ending their "stimulus" plan, Belgium was the mysterious buyer, used as a proxy agent to sop up US Treasury debt to support our government's spendthrift ways.

There were no bids for US Treasury debt?  No problem:  let's create an artificial buyer, and shove the paper mache assets under the proverbial Eurozone carpet.

Having said that, and I mentioned it here, the Belgians and European Union leaders have an insider's perspective on where the money trail is, and understand the Golden Rule: "Whoever has the gold, makes the rules."


"Riddles" Surround 36th Dead Banker Of The Year


Saturday, December 6, 2014

When Goldman Writes The New York Fed's Press Releases, Then All Is Lost

Goldman Sachs doesn't just have undue influence over the Fed.  It IS the Fed.  Or at least the Fed has jobs waiting for former Fed and US Treasury officials.


Bankers, Media, Governments & Anti-Gold Propaganda

Pento destroys Citi's Buiter's "analysis" on gold.


Speaking of bubbles, here's the price chart for Citi shares.
Click on Image to Enlarge

It’s official (finally): The US is no longer the world’s #1 economy

The West, and the US in particular, is plagued by:

Insane debt levels, which the government has been accumulating at faster and faster rates, hitting an unprecedented $18 trillion in debt this past week.

Short-sighted monetary policy, from quantitative easing that has debased the currency to negative interest rates that have wiped out any reason to be smart with money.

A crippled economy, as Western nations’ oppressive taxation frightens away the productive, and handouts have created a society of dependency.

Global bullying, as the US spies on its own citizens and allies, compelling businesses and governments to terminate their relationships with the Land of the Free.

Waging endless wars, whether against nouns (‘terrorism’), plants (‘drugs’), and brown people on the other side of the planet who supposedly hate us for our freedom. If they only knew…

A population that lives in fear, as you are more likely to get shot by your own police in the United States today than to ever even see a terrorist.

It’s pretty hard to maintain the top spot when that’s what you stand for.

Game over, Japan

It appears the breaking point for a country to default on its obligations is when 50% of tax revenues are used to pay the interest on its debt.


Jim Grant's November 2014 speech at the Cato Institute

"What will futurity make of the [so-called] Ph.D. standard [that runs our world]?
Likely it will be even more baffled than we are. Imagine trying to explain the present-day arrangements to your 20-something grandchild a couple of decades hence - after the crash of, say, 2016, that wiped out the youngster's inheritance and provoked a cenral bank response so heavy-handed as to shatter the confidence even of Wall Street in the Federal reserve's methods...
I expect you'll wind up saying something like this:
"My generation gave former tenured economics professors discretionary authority to fabricate money and to fix interest rates.

We put the cart of asset prices before the horse of enterprise.

We entertained the fantasy that high asset prices made for prosperity, rather than the other way around.

We actually worked to foster inflation, which we called 'price stability' (this was on the eve of the hyperinflation of 2017).

We seem to have miscalculated."
- Jim Grant

Reckless Congress 'Declares War' on Russia


Belgium Investigating To Repatriate All Gold Reserves

Belgium is joining the ranks of those repatriating their sovereign gold holdings from the Fed.  But hey, the Fed's mantra is "Trust us.  We have your gold."


Could it have anything to do with Belgium's mysterious gorging of US Treasury debt?  Is it coincidental that the European Union's headquarters are in Brussels, Belgium?




German Gold Repatriation Accelerating

Bloomberg News, like CNBC, is unofficially in the misinformation industry.


It's Official (Finally): The US Is No Longer The World's #1 Economy


An Inside Look At The Shocking Role Of Gold In The "New Normal"


Friday, December 5, 2014

Only Yesterday—-How The Federal Debt Went From $1 Trillion To $18 Trillion in 33 Years


Worried About Gold / Silver Price Action - Just Read This

The Fed is in a debt trap.  It can't reduce interest rates any lower due to the zero-bound.  And it can't raise rates because of the mountain of debt, causing the servicing of that debt to be insurmountable.

So it must continue down the path of creating more debt in a futile attempt to solve the debt problem.  They're merely kicking the Ponzi can down the road--until the next elected officials can no longer do it, and the bond market vigilantes push back with higher yields.

Any 2nd grader can see how unsustainable this path is.  It never ends well.


Thursday, December 4, 2014

Market Manipulation of the Gold Market: US Resorts to Illegality to Protect Failed Financial Policies


Fed says 'no inflation' but middle class reality says otherwise

“The Fed doesn’t count energy, they don’t count food, they don’t count a lot of the stuff where prices move around the most.”

It’s official: America is now No. 2


Dear Willem Buiter: If Gold Is A 6000-Year Bubble, Then What Is This?


How Could They?

When the bond king (i.e. world's biggest debt investor) questions the level of debt sloshing around, you know the end game is near.


“Can a debt crisis be cured with more debt?” it is difficult to envision a return to normalcy within my lifetime (shorter than it is for most of you). I suspect future generations will be asking current policymakers the same thing that many of us now ask about public smoking, or discrimination against gays, or any other wrong turn in the process of being righted. 

How could they? How could policymakers have allowed so much debt to be created in the first place, and then failed to regulate their own system accordingly? How could they have thought that money printing and debt creation could create wealth instead of just more and more debt? How could fiscal authorities have stood by and attempted to balance budgets as opposed to borrowing cheaply and investing the proceeds in infrastructure and innovation? It has been a nursery rhyme experience for sure, but more than likely without a fairytale ending.

The accidental Kenyan: What if African tax policy copied U.S.'s?


Wednesday, December 3, 2014

$178 Billion In Government Kickbacks: Meet The World's Biggest Organized Crime Syndicate


Ted Butler Quote on Silver vs. Gold

If anybody(s) wanted to corner the physical silver market, it would only take a few billion dollars.
At current prices, there is $6.6 trillion worth of gold in the world and a little over $16 billion worth of silver. In other words, on a dollar (or any other currency) basis, there is more than 400 times more gold in the world than silver. Expressed differently, all the silver in the world is worth only one-quarter of one percent (0.25%) of what all the world's gold is worth. Even by doubling the amount of silver by including coins and small bars (most of which will never be converted into 1,000 oz bars), one would still end up with the gold being worth 200 times what the silver is worth or silver being worth 0.5% of what the gold is worth. These are the most extreme valuation differences ever.

Like investors in everything else, precious metals investors seek out the best relative value available. Investors everywhere want the best value, lowest risk and biggest bang for their buck. Due to an increasingly obvious price manipulation on the COMEX, silver has reached a degree of undervaluation relative to gold that is so extreme as to be almost unbelievable, even when expressed in simple arithmetic terms. And because gold is so cheap compared to other asset classes, that automatically means silver is even cheaper compared to every other asset.

- Silver analyst Ted Butler, Butler Research, November 22, 2014

Five complete lies about America’s new $18 trillion debt level


Monday, December 1, 2014

Value Investing

Accumulators of physical precious metals aren't wrong.  They're early.


Gold: Beyond The Swiss Referendum


Wild Metals Trading & Shocking Reason Dutch Got Their Gold


Shocking & Historic Price Swings In The Gold & Silver Markets


Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama


What Happened To The Gold Correlation?

Only two scenarios exist in the US debt vs. gold price correlation:

1) the US government reduces its deficits and even reverses it, or
2) the price of gold will have to increase to catch up with US debt obligations.


This was the most valuable company in history (Worth 10 times as much as Apple)


Sunday, November 30, 2014

Swiss Voters Reject Increasing Gold Reserves In Referendum

As predicted, and according to recent polls, the Swiss gold referendum was rejected--by a wide margin.  The tell signal was Friday's action in the precious metals sector as both gold and silver tanked.  As usual, insiders got a preliminary peak at the voter outcome.  This occurs quite often before legislative votes, clinical trial binary outcomes, policy actions, etc.

Prices of precious metals could temporarily dip more tomorrow.  The financial elite used every tactic in their anti-gold propaganda and won by a landslide.  So the status quo remains--until more countries look to repatriate their sovereign gold.

Chalk another one up for the banking cartel in their pro-fiat and anti-gold campaign.  This may extend the repression of precious metals pricing, but it only serves as a springboard for future upside potential.

Saturday, November 29, 2014

Rosneft gets stake in Total refinery in Germany

Those economic sanctions against Russia have done nothing to isolate Russia.  If anything, the Eurozone is thumbing its nose at the US-led sanctions.


Will $60 Oil Be The Black Swan?


Grandmaster Putin's Golden Trap


The Price Of Oil Exposes The True State Of The Economy

The oil bubble bursting is ultimately bearish for crude oil prices, and probably for precious metals, too.  But then again, if the tanking economy dooms the USDollar, all bets are off.


India scraps restrictions on gold imports


Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

This begs the question why the Dutch were able to repatriate a smaller amount of gold out of New York, while the Germans could not repatriate a much larger amount.


Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

Not only are Fed vaults empty, they have to replace it with confiscated gold (see  here and here).  Hence, the Netherlands were able to repatriate 122 tons of gold.

Germany can't repatriate its gold reserves because it no longer exists in Fed vaults.  How will other nations like France repatriate their gold reserves?  The gold from Iraq and Libya's Gaddafi is long gone.


Friday, November 28, 2014

Historic & Unprecedented Events Unfolding In The Gold Market


We Are Closing In On Absolute Panic In The Gold Market


Gold could face its own OPEC moment as Swiss referendum nears


This Sunday may mark the end of Western monetary dominance


Another Trip Down The Rabbit Hole Of US Lies & Missing Gold


Frightening Monetary Chaos & A New Global Financial System

John Hathaway again knocks it out of the ballpark with his analysis.


London Gold Pool II On The Verge Of Collapse As Panic Nears


Shocking Events Now Taking Place As Run On Gold Intensifies


French Political Leader Wants Gold Back In France

First it was Venezuela, then Germany, then the Netherlands, the Swiss, and now the French.  They all want their gold reserves repatriated back to their own sovereign vaults.  When the gig is up, the gig is up.  See you at $6300/oz. gold.


Monday, November 17, 2014

'Godfather' of Abenomics: Japan's sales tax hike must be delayed


Marc Faber, the famous Swiss investor, has accused Japan of "engaging in a Ponzi scheme" because the BoJ is hoovering up most of the debt that has been issued by the government. While Mr Hamada agreed that Japan had created a "mild ponzi game", he also said it was a "feasible" one because of Japan's huge foreign reserves.

“In a Ponzi game you exhaust the lenders eventually, and of course Japanese taxpayers may revolt. But otherwise there are always new taxpayers, so this is a feasible Ponzi game, though I'm not saying it's good.”
Someone please prove to me Japan's train wreck isn't about go off the rails.

Mission Accomplished: Stock market, number of homeless children, both reach all-time highs.


The Cruel Injustice of the Fed's Bubbles in Housing

Federal Reserve chair Janet Yellen recently treated the nation to an astonishing lecture on the solution to rising wealth inequality--according to Yellen, low-income households should save capital and buy assets such as stocks and housing.

It's difficult to know which is more insulting: her oily sanctimony or her callous disregard for facts. What Yellen and the rest of the Fed Mafia have done is inflate bubbles in credit and assets that have made housing unaffordable to all but the wealthiest households.
Fed policy has been especially destructive to young households: not only is it difficult to save capital when your income is declining in real terms, housing has soared out of reach as the direct consequence of Fed policies.

3 Billion Gallons Of Fracking Wastewater Pumped Into Clean California Aquifiers: "Errors Were Made" State Admits


Saturday, November 15, 2014

Strong Upside Reversal Suggests Higher Prices for Gold & Silver

As accumulators of PHYSICAL GOLD and SILVER (vs. traders of paper precious metals, in the form of COMEX futures contracts, ETFs, swaps derivatives, certificates, unallocated precious metals, etc.), periodic dollar-cost averaging is the preferred method of hoarding precious metals.  It takes the emotions out of attempting to time the exact pricing bottoms, and ensures a steady supply of sound money--an unencumbered, non-fiat currency.  In short, 100% possession is ownership, and not a merely slip of paper or ledger item representing a legal claim to an asset which may or may not exist in someone else's vaults.

Even if said physical gold exists in said vault (in many cases, it does not exist), there are multiple claims against the precious metal, in a dizzying ponzi scheme of rehypothecation.  There are an estimated 100 ounces of paper gold traded for every one ounce of real, physical bullion.

In the context of accumulating physical precious metals vs. trading paper precious metals, technical analysis of charts aren't necessarily aligned with the hoarding objective.  However, if MAY be a viable resource to trigger buying impulses.  I say MAY because in distorted markets (the precious metals asset class is extremely manipulated), technical charts may be rendered less than reliable.

However, technical analysis (TA) can be a useful tool to optimize entry points.  Buying low and selling high is not the objective.  Accumulation (hopefully at lower prices) is the sole objective, if indeed fiat currency dies. With that in mind, here are some candlestick charts which may be of value to analytical types:


According to Gresham's Law, bad money crowds out good money, as good money is hoarded and goes underground, black market-style.  The bad money continues to be re-circulated in a proverbial game of hot potato.  In that scenario, why would one trade in good money (i.e. physical bullion) in exchange for bad money that becomes increasingly worthless (i.e. fiat paper currency)?

The purpose of accumulating precious metals isn't to profit by buying low and selling high.  The aim is to protect purchasing power by possessing an asset which maintains its store of value.  It's a savings account--without the bank as the intermediary.

Having said that, as I declare TA has limited utility in distorted markets, it can also provide some insight into what the big money is doing (suggested by higher volume and accumulation/distribution dichotomies).  And yesterday's and last Friday's technical indicators flash that the big money is buying at these prices.  Now could the smart money be early--and can prices go lower from here?  Absolutely, as many big moves are followed by temporary reversals.  In other words, we could be bouncing off the bottom from here.

But the indicators suggest an inflection point, or a major bottom is at hand.  Of course, going back to 2001, a quick glance at the precious metals charts would reveal we are still in the midst of a secular bull market, with major corrective bottoms in 2008 and 2014.

While silver is the weaker sister to gold, it also has higher upside potential, assuming one can stomach the higher volatility.  Both gold and silver have unique properties, but their monetary value is the common characteristic and the primary reason why they should be accumulated.

Gaddafi gold-for-oil, dollar-doom plans behind Libya 'mission'?

Removing dictators in Iraq and Libya for trying to ditch the petrodollar is one thing.  Doing the same in Iran, Russia, and China is a much bigger proposition.


Gadhafi’s Gold-money Plan Would Have Devastated Dollar

Try ditching the dollar and you go from ally to dead.


Wednesday, November 12, 2014

Gold and Silver Price Manipulation: The “Golden” Cat is Out of The Bag!



Pick out the Chinese Premier, the Russian President, and the US President.

Click on Image to Enlarge

Russia to launch alternative to SWIFT bank transaction system in spring 2015

This is another example of western sanctions against Russia backfiring as they accelerate de-dollarization globally.  The USDollar losing its reserve currency status will be the end of the US as the sole superpower and have adverse effects on the dollar's purchasing power.

For those who are unaware of the SWIFT financial system, one uses SWIFT when wire transferring  funds.


Caught Rigging FX and Gold? Your Punishment Will Be A Bonus Capped At Just 200% Of Your Base Salary

Instead of going to jail for rigging markets, these bankers are punished by having their bonuses limited to 200% on top of their base salaries.


Clear attempt to manipulate precious metals benchmarks at UBS: FINMA

Reuters is normally the lapdog of the financial elite, but it had to report another case of market manipulation, in this case, precious metals.  Barclays, Deutsche Bank and now UBS are the most recent culprits.  Absent are their US bullion bank counterparts.  Surely, no shenanigans occur in US markets.


This Little Piggy Bent The Market


QE isn’t dying, it’s morphing


Monday, November 10, 2014



GRUBER: "Lack of transparency is a huge political advantage."


ObamaCare architect: 'Stupidity' of voters helped bill pass


Deflation comes knocking at the door


The Council Of Foreign Relations Apologizes For The "Greenspan Glitch"

It pays to have a diligent counterbalance against the powers-that-be on the Council of Foreign Relations.  Here's their sheepish apology on the omission of Greenspan's confession of the monetary superiority of gold over USDollars.

Does anybody still believe the financial elite believe in fair markets and transparency?  Ask yourself:  why is the status quo so hostile toward gold--that they would go to extreme lengths to suppress its price and bury its monetary history?  What are they fearful of?


Well done, my fellow gold bugs.

Saturday, November 8, 2014

About America's Sudden Fascination With Hiring Young Women

A recipe for social unrest:  idle, young men.


In Defense of Peter Schiff

This is a great read on several fronts:  Austrian school of economics vs. conventional wisdom Keynesian, contrarian vs. group-think, outsider vs. establishment, outside-the-box thinking vs. insular, etc. and how the masses continue to get fleeced.


Friday, November 7, 2014

Ron Paul: 2-party US political system in reality a monopoly


“What do they do with our young people? They send them all around the world, getting involved in wars and telling them they have to have democratic elections,” he told RT. “But here at home, we don’t have true Democracy. We have a monopoly of ideas that is controlled by the leaders of two parties. And they call it two parties, but it’s really one philosophy.”

Paul Craig Roberts Shocking Interview On Criminality By US Fed


This Will Trigger A Wipeout Of Markets & Economies Worldwide


Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"

Listen to the audio on Alan Greenspan, since this particular excerpt was deleted from the official transcripts. It is fully ironic his speech was given at the Council of Foreign Relations (tinfoil conspiracy theorists are rejoicing). There is a reason why his comments were deleted.


The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare


Thursday, November 6, 2014

Manipulating the Consumer Price Index: Hedonic Quality Adjustments

Hedonics explained:


If You Really Think It Matters Which Party Controls the Senate, Answer These Questions

The more things change, the more they remain the same.


Ottawa, Beijing strike deal on yuan trading hub

Even our most staunch north American ally is de-dollarizing, near America's own backyard.   Canada has to, for financial survival, as the days of a unipolar reserve currency are numbered.  Of course, everyday Americans will be the last to realize this, as the dollar propaganda machine must propagate USDollar strength by thrashing foreign currencies even more.  This includes destroying the Russian ruble (Ukraine, economic sanctions, crude oil suppression (hat tip to Saudi Arabia)), the yen (QE to infinity (hat tip to Abe-economics)), and the Euro (blowback from constrained Russian energy exports).

In other words, market participants mistakenly still perceive the USDollar as a safe haven asset--the cleanest shirt in the dirty laundry bin.  However, with Chinese bilateral trade agreements in place--including with Russia, the yuan will inevitably play a bigger role in a multi-pollar currency world.  Which is exactly why the PBOC is continuing to purchase gold, to eventually back up the yuan with said gold reserves.

Protecting the global reserve currency status of the dollar is of utmost importance to financial elites because they know US Treasury debt obligations can never be repaid.  However, America's unlimited credit card will one day reach its cul-de-sac, once creditors realize they're left holding the bag.


Pierre Lassonde’s Shocking Comments On Gold & Silver Plunge


Shocking Facts About Today’s Smash In Gold & Silver


Stunning Interview From Market Legend On Gold, Oil & Stocks


“Global Scramble” For Silver - Coins “Hard To Get,” “Premiums Likely To Jump”


Gold, Bonds, & "Maybe History Has Stopped"

Being right--but early, requires patience.


Wednesday, November 5, 2014

Paul Singer Slams The Fake World: "Fake Growth, Fake Money, Fake Jobs, Fake Stability, Fake Inflation Numbers"


Let Them Eat Fried Chicken (If They Vote Democrat)

I know this was a friendly joke, but I wonder if First Lady Laura Bush would have been afforded the same grace if she dared utter these words?


A Peculiar Correlation


Washington’s Blinding Hypocrisy: A Tale Of Two Elections In The Ukraine


The Trouble With Mass Delusions


The Economy Is So "Strong" It Just Cost Obama The Senate


US Mint Sells Out Of Silver Eagles Following "Tremendous" Demand

The smart money is buying physical metals, while the manipulators are selling paper representations of said metals. The US Mint is OUT of inventory for silver.  Get in line.


Tuesday, November 4, 2014

Monday, November 3, 2014

Silver Fraud?


China's Gold Strategy

Therefore the Chinese state has probably accumulated between 20,000 and 30,000 tonnes since 1983.
To put this into context, China officially announced gold holdings of 1,054 tons in 2009.  Many experts speculate China has since added 5,000 tons from mining, imports, and scrap.

Do the math.  Is it 1,054--or is it 30,000 tons?  Given the Chinese preference for secrecy, it's likely the latter.

While Yellen Is Stumped By Inequality, Maserati October Sales Soar By 97%


Election 2014 – Why I Opt Out of Voting


Gold and Silver Smashed: Is the Bottom In?

My recent comments on the smash in gold and silver.

1) gold broke thru major support at $1180, and is stabilizing around $1164.  This is bearish, if you're a short-term trader.  In other words, it could go lower.
2) However, what's positive is the gold mining shares appreciated today, which is bullish for gold, as mining equities--while more volatile, are often leading indicators for the future direction of gold (and silver).

3) silver appears to have bottomed out late last week and is rising today, despite a flat gold price.  This decoupling usually indicates inflection points (in this case, a bottoming).  Perhaps markets are discounting that the economy is recovering (since silver is not only a monetary metal, but also an industrial metal).

4) silver has been beaten up more since the 2011 peak (down 70% from $49), so if it is rebounding, it is bullish for gold also, and its recovery will be more amplified than gold's recovery.  In other words, if a bull market in precious metals resumes, or returns (depending on your time frame), silver will appreciate more and faster (i.e., the gold/silver ratio will narrow).

5) last week's capitulation in silver may indicate exhaustive selling, which means a bottom may have formed.  Having said that, this brutal bear market in silver has experienced many lower lows since the 2011 peak, so catching a falling knife is inherently perilous for short-term traders.

6) for long-term accumulators, these price declines are gifts.  BTFD.
7) we know the precious metals paper markets are manipulated because during these price downdrafts, physical supply dries up.  In normal, functioning markets, price declines are accompanied by a glut of supply.  In this price drop, supply has dried up, as deliveries are pushed out.  This isn't the first time this has happened, but it does indicate the scale of manipulation.  Price discovery mechanisms are completely distorted.  The most money made in any market is when an investor identifies a distortion in price that the market hasn't yet factored in.
It could be an ebola-related stock, a solar company who's fundamentals are flawed (Solyndra), or a company who's about to release a breakthrough product (Apple's Ipod).
8) right now, the fundamentals for gold and silver have never been better.  The cost of extraction keeps rising, to a point where it is no longer profitable to mine gold or silver.  Marginal miners will either shut down or go out of business, further exacerbating future supply shortages.  This occurs with any commodity, whether it's crude oil, DRAM chips, or gold.  Of course, other markets can adapt to supply shortages quicker.  But with energy and mineral resources, re-starting up wells or mining sites takes years.  Supply won't be able to catch up to demand overnight.  This is when moon shots in price will occur.
9) So if you have enough gold and silver (5-10% of net worth), hang on and wait this out.  But if you're still in accumulation mode, these price dips present "golden" opportunities to add to your hoard, and lower your average cost basis.
Happy stacking!

As Gold & Silver Rout Continues, Physical Demand Is Stunning


The Dallas Fed's Richard Fisher shares key forward guidance


Silver Is One Of The Greatest Opportunities In World History


Thursday, October 23, 2014

New study: the middle class is collapsing in the United States


The Pitchforks Are Coming… For Us Plutocrats


George Soros Slams Putin, Warns Of "Existential Threat" From Russia, Demands $20 Billion From IMF In "Russia War Effort"

It's probably not a good idea to bet against Soros, but it's prudent to understand his motives have traditionally been ulterior.


The Fed “IS” the Problem!

The link enclosed is a very good article on the Fed's casino behavior.  As a point of reference, Lehman Brothers' leverage ratio was 30:1 prior to its collapse in 2008.  The Fed's leverage ratio is currently 80:1.  The Fed has now become the world's most leveraged hedge fund, completely antithetical to its official mandates.

The rationale for the existence of central banks is price stability and protection of the soundness of its issuing sovereign currency.  The Fed added an official mandate of "full employment" (whatever that metric is).  The latest unwritten mandate is to artificially levitate financial markets to prevent the insolvent banking system from imploding.

But the Fed has backed itself into a corner, because its monetary stimulus has failed to revive an economy on life support.  QE is pushing on a string, with limited results--and worse, with increasingly negative consequences as the western economies are in the throes of a debt trap.  More debt begets more debt, which dampens economic growth.  All QE has done is add more toxic liabilities on to the Fed's balance sheet.

Households suffocating from huge debts don't take on more debt; they cut spending while lenders stop lending to them.  Yet, the US government continues on its spending and borrowing binge.  The Fed has reached its monetary cul-de-sac, and it's only a matter of time before the bond vigilantes attack all fiat currencies issued by over-indebted (or insolvent) governments.  The dollar, while being the cleanest shirt in the dirty laundry bin, won't be the only target.

Google how George Soros single-handedly destroyed the British pound sterling in 1992, as he shorted the currency on a bet the UK would devalue the pound, due to high inflation, high deficits, and relatively low interest rates.


Chinese Gold Demand 41t in week 37, 1331t YTD


Tuesday, October 21, 2014

The Magic Number Is Revealed: It Costs Central Banks $200 Billion Per Quarter To Avoid A Market Crash


Forex-Rigging Fines Could Hit $41 Billion Globally: Citi

Trillions of dollars are traded daily in foreign currency exchange, equities, bond, and commodities markets.   Banks are paying up to $41 billion in fines for rigging markets (without having to admit guilt, of course).

Yet, when the clear-eyed insist that precious metals markets are manipulated, which represent less than 1% of investable assets, we're dismissed as crackpots?

Think about that for a second.  If one has enough money to buy a state gubernatorial election, doesn't it make sense that it takes much less money to rig a high school prom coronation?


Monday, October 20, 2014

Sunday, October 19, 2014

Obama Fights Ebola With A Czar and Soldiers — Paul Craig Roberts

A group of 30 doctors and scientists have published their findings on the website of the New England Journal of Medicine that the ebola ravaging West Africa is a new strain of the disease and was not imported from Central Africa. http://uk.reuters.com/article/2014/04/17/us-guinea-ebola-idUKBREA3G11W20140417 The doctors and scientists’ conclusion is consistent with Dr. Cyril Broderick’s report in the update below that the strain originated in US government biowarfare labs and was injected into humans in Department of Defense field trials that began just weeks prior to the ebola breakout. The US government has a history of using unsuspecting humans for tests. Blacks in Alabama and Guatemalan soldiers and prisoners were infected with syphilis and gonorrhea in order to study the effects of the diseases and to experiment with cures.

University of Illinois law professor Francis Boyle, an expert of the perfidies of the US government, reminds us that Sierra Leone and Liberia, the countries most affected by the ebola outbreak, are two West African countries that host US biological warfare laboratories. Professor Boyle asks how the disease, which is mainly associated with equatorial Congo reached West Africa thousands of kilometers away.

Washington’s response is itself peculiar. The Obama regime sent 4,000 US soldiers to West Africa to fight ebola. Soldiers don’t have training or equipment with which to combat ebola. Why expose 4,000 Americans to an epidemic?

Fidel Castro says Cuba will send extra doctors to help fight Ebola

So how does Cuba, home of the "slaves" (and one of the best healthcare systems in the world), send more doctors to Africa to help fight Ebola, while the US (home of the free) sends 4000 troops? Cuba wants to cooperate with the US--even though the US has put on perpetual economic bans on Cuba for decades?


Wealth Inequality Is Not A Problem, It’s A Symptom


Friday, October 17, 2014

Sunday, October 12, 2014

SGE Chairman: 2013 Chinese Gold Demand Was 2000t

The gold cartel suppressing the price of gold is about to be squeezed--and hard.  China is publicly declaring how much gold they are consuming.  And the number is a lot bigger than "official" data from the World Gold Council, which is ironic given the WGC is supposed to be endorsing the gold industry on behalf of its constituents.  Instead, the WGC has become a mouthpiece for the bullion banks who are suppressing the price of gold.


Dallas Hospital Worker Tests Positive For Ebola In First Person-To-Person Transmission On US Soil

And then there was #2. A few hours ago, Texas Health Presbyterian Hospital, announced that a health care worker who cared for dying Ebola patient Thomas Eric Duncan, has tested positive for the virus after a preliminary test, officials said early Sunday. If confirmed, it would be the first known person-to-person transmission of the disease in the United States. The name of the patients is currently unknown, what is known however, is that the worker was "considered to be at low risk for contracting the virus" and the he or she was wearing full protective gear when treating Duncan, suggesting - yet again - that there is a transmission mechanism which is not accounted for under conventional protocol.

Saturday, October 11, 2014

People Kept Complaining This Restaurant Sucked, Look What They Found Out…


Shocking Event To Change Entire Global Financial Architecture

My guess is that the financial elites realize the significance of this gold referendum in Switzerland and will launch an anti-initiative campaign.  Because if the Swiss adopt this referendum, the price of gold (and silver) will soar--permenently.  The days leading up to November 30 will be very interesting indeed.