Thursday, February 28, 2013

Silver Demand Surges To Record For February
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The Creation of "Paper Gold"

Founded By Geniuses And Run By Idiots

Bernanke's 'Inflation' Record

Moroccan Pottery Classes, Shrimp On Treadmills And Obamaphones - Bernanke's Biggest Bloopers Tie It All Together

Sean Duffy Grills Ben Bernanke

Rand Paul’s Third Letter to the CIA: Can You Kill with Drones in the USA?

Wal-Mart Situation "Getting Worse" New Leaks Reveal

Wal-Mart Executives Sweat Slow February Start in E-Mails

"Trade-Off": A Study In Global Systemic Collapse

BOB WOODWARD: Obama Is Showing 'A Kind Of Madness I Haven't Seen In A Long Time'

Wednesday, February 27, 2013

Key Charts Which Predict A Violent Move Higher In The Metals

Changing Shape Makes Chemotherapy Drugs Better at Targeting Cancer Cells

Changing Shape Makes Chemotherapy Drugs Better at Targeting Cancer Cells from UCSB Engineering on Vimeo.

Tim Geithner To Hold Financial Crisis Seminars

This Is How You Can Make A Fortune In Gold Right Now

Gold chart staging areas

Will gold soon be regulated?


Tuesday, February 26, 2013

Trust me, this time is different…

Jim Sinclair - Gold Will Now Be Released To The Upside

Why Gold Is Going To $20,000 & Silver Into The Stratosphere

No Way Fed Will Stop Easing: Jim Rickards

Must-see video of Jim Rickards.  Watch the full 21-minute clip--you won't be disappointed.

Fed Faces Explaining Billion-Dollar Losses in QE Exit Stress

Ah, finally some truth serum coming out of Congress and Fed Chairman Bernanke:  if interest rates rise (i.e. bond yields rise), the Fed's QE program of purchasing Treasuries and mortgage-backed securities automatically becomes a "buy high, sell low" program, which would of course, induce massive losses on the Fed's balance sheet--and eventual insolvency.  We posted this in 2011 here and in 2012 here.

See, Chairman Bernanke:  money doesn't grow on trees.  And oh, by the way, for this and other reasons, there will be no Fed exit on monetary stimulus.  Because if that were to occur, the global banking system collapses.  But hey, let's discuss it so the gold bugs won't go crazy, shall we?

Dear Senate: Please Ask Bernanke To Explain This

Why We’re Ungovernable, Part 7: Italy Does Chaos With Style

Monday, February 25, 2013

Waking Dreams End Unpleasantly

This is brilliant analysis on the head fakes being thrown to the masses by the power elite and banking cartel.

At Least They Are Finally Honest
From remarks by the Dick Fisher of the Dallas Fed:
  • The Fed has artificially sustained markets
Thank you for the admission, oh FOMC member. And to think just 4 years ago anyone accusing the Fed of using its "invisible hand" and doing everything in its power to solely focus on the stock market was labeled a "conspiracy theory" crackpot. One wonders what other "conspiracy theories" will be admitted by the Fed as fact in another four short years?

Why Investors Around The World Must Move Into Gold & Silver

Fitzwilson's analysis of cash and debt instruments is financial genius.  If you don't understand it by now, you probably never will, and it would be too difficult for others to try to explain it better than he has.  But suffice it to say that his best-case scenario for returns on US Treasury bonds is nil, and that cash will perform even worse, as it has for the last 100 years since the Federal Reserve Bank was created.

In other words, cash is trash.  Gold and silver are the currencies of last resort, as they have held their value for 6000 years.

James Turk Warns The Federal Reserve Is Already Insolvent

Moody's Downgrades The UK From AAA To Aa1

Gold And The Potential Dollar Endgame Part 3: Backwardation And Gold

Paper Gold, what is it really good for?

Gold Supply and Demand Dynamics and the Potential Dollar Endgame

Quantitative Easing

Fred Mishkin's "Outside Compensation" List Revealed

Is 3.80 The Scariest Number For The Bulls?

America's Tragic Future In One Parabolic Chart

Methinks the parabola is going to become even steeper than these projections.

Columbia Business School Dean Glenn Hubbard's Outside "Consulting And Advisory Relationships"

Eric Sprott: Is the West Dishoarding Its Sovereign Treasure?

When they came for the Raw Milk drinkers…

The World's Biggest Gold Storage Company Is Now Turning Away American Clients

Pento - What Will Cause Markets To Crash & Will It Happen?

Coming Soon: $10 Trillion Of Yearly QE & Fantastic Gold Chart

Maguire - Stunning $24 Premiums For Gold In Shanghai

Whistleblower - Gold & Silver Smash Orchestrated By The BIS

Friday, February 22, 2013

Maguire - Stunning 225 Tons of Physical Gold Bought By CBs

Dr. Copper Sends A Deja Vu Warning Signal

Bernanke: "There Is No Bubble"

Negative Articles During Gold's Bull Market

Gold has doubled in price since the 2008/2009 timeframe.  Yet, the consensus continues to be bearish.

June 2008

Dec 2011

June 2010

Oct 2009

Oct 2009

Sept 2009

Oct 2010

Sept 2010

China Will Have World’s Largest Gold Reserves In 2 To 3 Years

Faber: It’s A Disgrace To Think Money Printing Solves Problems

Marc Faber - Major Bottom Forming In Gold But Stocks Shaky

Monday, February 18, 2013

Turk - Central Planners Are About To Completely Lose Control

Is This Where The Secret JP Morgan London Gold Vault Is Located?

Norway Enters The Currency Wars

Norway possesses one of the most stable, strongest currencies, due to its budget surplus from energy exports.  Which is precisely why they are manipulating their krone to join the growing currency wars in a devaluation race to the bottom.

Why Don’t People See?

What Warren Buffet doesn’t understand about investing

"Too Big to Fail has become Too Big for Trial"

Is Ted Butler’s Silver Panic Imminent? Apple Contractor Claims New iMac Production Delayed Over Silver Shortage!

German Automaker Reportedly Hoarding As Much Physical Silver As it Can Acquire

Changes in FDIC Deposit Insurance Coverage
December 31, 2012
As scheduled, the unlimited insurance coverage for noninterest-bearing transaction accounts provided under the Dodd-Frank Wall Street Reform and Consumer Protection Act expired on December 31, 2012.  Deposits held in noninterest-bearing transaction account are now aggregated with any interest-bearing deposits the owner may hold in the same ownership category, and the combined total insured up to at least $250,000.

When Gold Turns It Will Trade Violently To The Upside

Shanghai Gold Exchange Benchmark Contract Volume Jumps to Record

The Chinese continue to BTFD.  You should be, too.

Misstep in gun bill could defeat the effort
Forget police drones flying over your house. How about police coming inside, once a year, to have a look around?

As Orwellian as that sounds, it isn’t hypothetical. The notion of police home inspections was introduced in a bill last week in Olympia.

In other words, come into homes without a warrant to poke around. Failure to comply could get you up to a year in jail.

“I’m a liberal Democrat — I’ve voted for only one Republican in my life,” Palmer told me. “But now I understand why my right-wing opponents worry about having to fight a government takeover.”
He added: “It’s exactly this sort of thing that drives people into the arms of the NRA.”

I have been blasting the NRA for its paranoia in the gun-control debate. But Palmer is right — you can’t fully blame them, when cops going door-to-door shows up in legislation.

“Gold Gives You Extremely Important Signals”

Don’t Blink, or You’ll Miss Another Bailout

Pardon my French, but they're all f***ing crooks in suits.

Friday, February 15, 2013

Five tools to protect your privacy online

The untold reality of gold and silver price controls

How gold will benefit from a currency war

Hollande Tiptoes Toward Raid on Pensions With EU Pressure

And so the predictable becomes probable:  expect more pensions to be raided.  Don't believe for a second that only French pensioners are at risk.  Every over-indebted government will go after pensions.

When convicted bank robber Willie Sutton was asked why he robbed banks, his alleged response was, "because that's where the money is."

Gold Bears Braced for U.S. to China Growth Recovery: Commodities

The experts are telling us to sell.  Time to buy.

The Global Endgame in Fourteen Points

Platinum & Palladium’s Breakout Year

Wednesday, February 13, 2013

Goldwatcher - $2,400/oz? $5,479/oz? $46,000/oz? - Frank Holmes

Russia & China Know Final Currency Devaluation Is Coming

Gold To Explode As A Percentage Of Global Currency Reserves

Deflation: Making Sure "It" Doesn't Happen Here - Ben Bernanke

Anticipating Fed monetary policies are key to formulating investment theses.  The link below is a peak into Fed Chairman Ben Bernanke's thoughts on fighting deflation before he became Chairman.  It serves as a road map for policies the Fed has since deployed to counteract the financial crisis, including Quantitative Easing (purchase of Treasury bonds and mortgage-backed securities) and Operation Twist (selling short-term Treasuries and buying long-term Treasury bonds).  See the excerpt below on FDR's dollar devaluation when he confiscated gold in 1933 (emphasis in boldface is mine).

For those with time constraints, the key take away is the Fed's monetary policies are inherently inflationary, and explicitly devalue the USDollar.  In other words, as long as these policies are in place, gold--priced in dollars, can only go up.

Contrast that to new Treasury Secretary nominee Jack Lew's declaration that the US Treasury will maintain its "strong dollar policy."  Whatever.
The conclusion that deflation is always reversible under a fiat money system follows from basic economic reasoning. A little parable may prove useful: Today an ounce of gold sells for $300, more or less. Now suppose that a modern alchemist solves his subject's oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.

What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.

Of course, the U.S. government is not going to print money and distribute it willy-nilly (although as we will see later, there are practical policies that approximate this behavior). Normally, money is injected into the economy through asset purchases by the Federal Reserve. To stimulate aggregate spending when short-term interest rates have reached zero, the Fed must expand the scale of its asset purchases or, possibly, expand the menu of assets that it buys. Alternatively, the Fed could find other ways of injecting money into the system--for example, by making low-interest-rate loans to banks or cooperating with the fiscal authorities. Each method of adding money to the economy has advantages and drawbacks, both technical and economic. One important concern in practice is that calibrating the economic effects of nonstandard means of injecting money may be difficult, given our relative lack of experience with such policies. Thus, as I have stressed already, prevention of deflation remains preferable to having to cure it. If we do fall into deflation, however, we can take comfort that the logic of the printing press example must assert itself, and sufficient injections of money will ultimately always reverse a deflation.

So what then might the Fed do if its target interest rate, the overnight federal funds rate, fell to zero? One relatively straightforward extension of current procedures would be to try to stimulate spending by lowering rates further out along the Treasury term structure--that is, rates on government bonds of longer maturities. There are at least two ways of bringing down longer-term rates, which are complementary and could be employed separately or in combination. One approach, similar to an action taken in the past couple of years by the Bank of Japan, would be for the Fed to commit to holding the overnight rate at zero for some specified period. Because long-term interest rates represent averages of current and expected future short-term rates, plus a term premium, a commitment to keep short-term rates at zero for some time--if it were credible--would induce a decline in longer-term rates. A more direct method, which I personally prefer, would be for the Fed to begin announcing explicit ceilings for yields on longer-maturity Treasury debt (say, bonds maturing within the next two years). The Fed could enforce these interest-rate ceilings by committing to make unlimited purchases of securities up to two years from maturity at prices consistent with the targeted yields. If this program were successful, not only would yields on medium-term Treasury securities fall, but (because of links operating through expectations of future interest rates) yields on longer-term public and private debt (such as mortgages) would likely fall as well.

The Fed can inject money into the economy in still other ways. For example, the Fed has the authority to buy foreign government debt, as well as domestic government debt. Potentially, this class of assets offers huge scope for Fed operations, as the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt. 

Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934. The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation.
Fiscal Policy
Each of the policy options I have discussed so far involves the Fed's acting on its own. In practice, the effectiveness of anti-deflation policy could be significantly enhanced by cooperation between the monetary and fiscal authorities. A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the resulting increase in asset values would lower the cost of capital and improve the balance sheet positions of potential borrowers. A money-financed tax cut is essentially equivalent to Milton Friedman's famous "helicopter drop" of money. 
 Of course, in lieu of tax cuts or increases in transfers the government could increase spending on current goods and services or even acquire existing real or financial assets. If the Treasury issued debt to purchase private assets and the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open-market operations in private assets.

Gerald Celente - The Frightening Trends For 2013 & 2014

Tuesday, February 12, 2013

Gold Sellers in Houston Must Submit to Fingerprints and Mugshots

Gold Bears Out Of Time & About To Pay The Ultimate Price


James Turk - Last Piece Now In Place To Trigger Hyperinflation

U.S. gold bars and coins find new home overseas on Asian demand

Nothing Is Real In Markets Any More, This Will End Badly

Monday, February 11, 2013

Show This To Anyone That Believes That “Things Are Getting Better” In America

Embry - 1,000 Ton Swing In Gold, Russians & Chinese Buying

Art Cashin - Key Indicator That Just Spiked Is Huge Warning

Sprott - Default Coming As 850 Tons Of Gold Supply Vanished, va

Must Watch Video: Is the NDAA Lawsuit Headed to the Supreme Court?
Yesterday, oral arguments began in front of this aforementioned higher court; the 2nd Circuit.  As Chris Hedges states in the interview below, if they win the case then it will likely be brought in front of the Supreme Court within weeks.  On the other hand, if the Obama Administration wins and the Supreme Court refuses to hear the appeal, Hedges states: “at that point we’ve just become a military dictatorship.”

Paul Krugman: "We Should Kick The Can Down The Road. It’s The Responsible Thing To Do"

Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued

Putin Turns Black Gold to Bullion as Russia Outbuys World

Eric Sprott - Expect $200 Silver As Financial System Implodes

Friday, February 8, 2013

16-Year Old Actor Turned Trader Outperforms Hedge Funds

Blast From The Past - 6 Years Ago Today...

A brief reminder on how wrong the pundits on CNBC were, cheerleading a rally in 2007--right before the financial collapse.

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%

Floyd Abrams, S&P Lawyer, Says Government Ramped Up Investigation After U.S. Downgrade

Currency Wars Return, 1930s Style: Who Will Lose Out?

Calls For Printing $30 - $100 Trillion Now, It Is Out Of Control

Gold To Spike As Fears Of Fed Exiting QE Are Preposterous

Wednesday, February 6, 2013

The Big Picture For Gold & The World Going Forward

Yamada - 4 Spectacular Gold & Silver Charts

Tim Geithner Potential Book Titles

This is hilarious.  Many creative types out there.

The United States of Debt Addiction

At Odds With the Government, Japan’s Central Bank Chief Offers an Early Exit

Inflation and higher commodities prices are now baked into the cake.

Rick Rule - His Surprising & Remarkable Predictions For 2013

Tuesday, February 5, 2013

The Double Whammy of Geopolitical Gold Games

Virginia in the Vanguard

My fellow lunatic fringe bloggers' endorsement of a gold standard is gaining legitimacy.  Look out Keynesians:  your days are numbered.

Wall Street Journal notices currency market manipulation

My money is on Jim Rickards' forecast.  Currency wars never end well.

Sen. Rand Paul Speaks Out Against Senators Voting without Reading the Bills

How I reached my breaking point ten years ago today

Farage - West Headed Into Orwellian Nightmare & Bankruptcy

China Imports Record Amount Of Gold In December On Price Drop

Art Cashin Uncovers Another Unintended Consequence Of Immigration Reform

No Inflation? Commodities Highest Ever For This Time Of Year

Monday, February 4, 2013

Falling yen set to spark renewed currency wars

Watch out when physical market for gold and silver detaches from paper

India to take baby steps towards gold-linked products

This is further evidence that the status quo central bankers are trying to artificially curb demand for physical gold.  It might work temporarily, but market forces will overrun these controls as long as the corrupt central banks themselves keep printing currency units with no end in sight.  The masses see the writing on the wall with inflationary pressures, so are only taking logical action:  buying gold for self-preservation.

Even if demand for gold is temporarily curbed, Indian citizens will turn to silver as another means of protecting their purchasing power.  Will the Indian government raise import taxes on silver also?  It's typical whack-a-mole economists running around with their heads cut off.  They don't realize if they just stopped their interventionist tactics and did nothing, the global economy would eventually heal itself and correct imbalances.  Instead, activist central banks only distort markets and create unintended asset bubbles, attempting to usurp market forces which will eventually come back to haunt them.

US Debt - Visualized in physical $100 bills

Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow

U.S. to sue S&P over ratings ahead of financial crisis

If the US government is going to sue Standard & Poor's for NOT doing their job in failing to downgrade mortgage-backed bonds in 2007, will the US government also sue S & P for DOING their job in downgrading US Treasury debt?

Gold Flow East & Silver Squeeze To Create Surge In Metals

Embry - Silver Market Is Nearing A Commercial Signal Failure

Too Big To Jail Is Here To Stay

The Subsidy Addiction: Jobs Vs Foodstamps
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Central Bank Snuffs Out Vietnam’s Thriving Gold Market

Quantitative Easing and Gold Price

This quote must be examined for its content and context.  The content is self-evident.  The context includes knowledge that Barron's is a sister publication of the Wall Street Journal, the preeminent financial periodical.  They are the voice of the status quo power structure, the bible of financial publications.

Wall Street is traditionally anti-gold.  Yet, this quote. 

"As long as we have unlimited quantitative easing, we have the potential for unlimited gains in the gold price." –Fred Hickey, "Stirring Things Up",, February 2, 2013.

It’s Coming: The Government Wants to “Help Manage” Retirement Accounts

The exact same thought as Michael Krieger's entered my mind when I read this article about the US government "managing" retirement accounts.

Greek seamen, farmers protest against government cuts

Greece is about to enter complete chaos.

The Approaching End Game & How To Benefit From It

The Greatest Bubble In History Will Lead To A Gold Explosion

Friday, February 1, 2013

Spot The Odd One Out

Options for Consideration Active Shooter Training Video

Hide and grab some scissors.  Great.


I like to give both sides of the story, so here is a bearish case for gold.  Warren Buffett and his partner Charlie Munger said gold is worthless.  I happen to disagree, but we need to be fair.

Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January

We Are Going To Kill The Dollar

This Is Why Gold Will Vault To New All-Time Highs In 2013

Belkin - We’re Facing A 1987 Selloff & Eventual Hyperinflation

QB Projects Shadow Gold Price To Be $15,000 In One Year!

Paul Brodsky's call may be early, but he certainly makes a strong case for his price target.!.html

Key Charts, Propaganda, Gold, Silver & The Ongoing Collapse