Wednesday, December 30, 2015

The Catastrophic Threat of Bail-Ins

I've been blogging about the imminent dangers of bank bail-ins for several years now.  This is an articulate explanation of what to expect in the aftermath of the next financial crisis.

https://www.sprottmoney.com/blog/the-catastrophic-threat-of-bail-ins-jeff-nielson.html

Sunday, December 20, 2015

In your face "Black Swan"!

As America decays, the USDollar's status as reserve currency degenerates further.

http://www.jsmineset.com/2015/12/19/in-your-face-black-swan/


Students at Lena Dunham’s college offended by lack of fried chicken

I couldn't tell if this is Onion-like satire, or if this politically-correct world has gone insane.

http://nypost.com/2015/12/18/pc-students-at-lena-dunhams-college-offended-by-lack-of-fried-chicken/

Saturday, December 19, 2015

CISA Is Now The Law: How Congress Quietly Passed The Second Patriot Act

http://www.zerohedge.com/news/2015-12-18/congress-just-passed-second-patriot-act-and-nobody-noticed-how-cisa-became-law

Hedge Fund Gold Positioning Has Never Been This Extreme

The meme here is short-term trading hedge fund managers are not the smartest guys in the room.  It generally pays well to be a contrarian when it comes to gold futures.  And right now, the hedgies have never been more bearish.

http://www.zerohedge.com/news/2015-12-19/hedge-fund-gold-positioning-has-never-been-extreme
Click on Image to Enlarge

Andrew Maguire – Absolutely Stunning Developments In The Gold Market And At The LBMA

There are many complex and convoluted concepts in the enclosed article by Andrew Maguire.  The short version is that the physical gold market will overwhelm the leveraged paper futures markets.  At the end of the day, billions of paper ounces are being created out of thin air, but Mother Nature only yields a finite amount of gold in her crust.  Hence, own the physical.

http://kingworldnews.com/andrew-maguire-absolutely-stunning-developments-in-the-gold-market-and-at-the-lbma/

Wednesday, December 16, 2015

Amazing. Look at how silver has held its value for 23 centuries–

Gold has a history of maintaining its purchasing power for over 6000 years.  It looks like silver is right behind.
 
https://www.sovereignman.com/trends/amazing-look-at-how-silver-has-held-its-value-for-23-centuries-18368/

Tuesday, December 15, 2015

Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC Investigation

Regulators hitting below the belt.

http://www.zerohedge.com/news/2015-12-15/obamas-vendetta-gun-makers-gets-personal-smith-wesson-shares-plunge-after-call-sec-i

The Majority of Millennials Have $1,000 or Less in Savings

http://howmuch.net/articles/how-much-millennials-have-saved-up?preview=true

The alleged Australian inventor of Bitcoin tried to spend $85m on gold

http://www.businessinsider.com.au/suspected-aussie-bitcoin-creator-tried-to-buy-85m-worth-of-gold-2015-12

Paper Money Versus The Gold Standard: An Explanation

http://www.epictimes.com/richardebeling/2015/12/paper-money-versus-the-gold-standard/

If You Want Security, Pursue Liberty

http://ronpaulinstitute.org/archives/featured-articles/2015/december/14/if-you-want-security-pursue-liberty/

Bitcoin Or Gold: Did The Alleged Bitcoin Creator Just Settle Once And For All What Is More Valuable?

Just as I suspected, Bitcoin may not be as anti-dollar as many proponents believe.

"Money is gold, and nothing else." - JP Morgan, 1912

http://www.zerohedge.com/news/2015-12-14/bitcoin-or-gold-did-alleged-bitcoin-creator-just-settle-once-and-all-what-more-valua

Tuesday, December 8, 2015

Monday, December 7, 2015

James Turk – Oil Plunges 6 Percent To New Lows But What About Gold And Silver?

http://kingworldnews.com/james-turk-oil-plunges-another-6-percent-to-new-lows-but-what-about-gold-and-silver/

...the precious metals continue to trade within a 2-tiered market. The two markets are interrelated because they intersect at the spot price of gold, but they are fundamentally different.
One tier is the physical market, and the second tier is of course the paper market. In the former, people own physical gold. In contrast, in the paper market, people only own exposure to the gold price. They don’t own gold.
When you own a futures contract, option or gold ETF, you don’t own physical gold. Similarly if you own a forward contract for which someone like a bullion bank is obligated to deliver metal to you at some future date, you own paper-gold. All paper-gold comes with is counterparty risk, which changes gold from a safe-haven to just another financial instrument.

Terrorism’s Best Friend—–Bloviating Politicians

http://davidstockmanscontracorner.com/terrorisms-best-friend-bloviating-politicians/

Friday, November 27, 2015

Paul Craig Roberts – Putin And The Russians Crushing The U.S. As The West Destroys Itself

http://kingworldnews.com/paul-craig-roberts-putin-and-the-russians-now-dominating-as-the-west-destroys-itself/

The World Is Now On The Edge Of Massive Financial Destruction And Total Chaos

http://kingworldnews.com/the-world-is-now-on-the-edge-of-massive-financial-destruction-and-total-chaos/
Unprecedented money printing by the Fed, European Central Bank, Bank of Japan, Bank of Canada, International Monetary Fund, and others is guaranteed. There are global debts of $225 trillion and derivatives of $1.5 quadrillion that can never be repaid with real money. With interest rates at zero or even negative, central banks have run out of tools to save the world economy. The only thing they have left is money printing, though they probably know that this will have no effect because you cannot create wealth with worthless pieces of paper. If that was the case we should all stop working and just print.

Sunday, November 15, 2015

New World Order Quotes


https://www.youtube.com/watch?v=mRUaE0A3vGc

WHAT REALLY IS THE MATRIX - the movie you didn´t see


https://www.youtube.com/watch?v=ssmdD5l8Icg

The Secret To Defeating The New World Order

https://www.youtube.com/watch?v=P-7YOrbRe_0

"Humanity will adapt to being enslaved." - head of a major bank

Rethinking Money As The Greater Depression Deepens

http://www.zerohedge.com/news/2015-11-14/rethinking-money-greater-depression-deepens

IMF Greenlights Addition Of Chinese Yuan To SDR Basket: Wall Street Responds

http://www.zerohedge.com/news/2015-11-15/imf-greenlights-addition-chinese-yuan-sdr-basket-wall-street-responds

The False Flag Link: Passport "Found" Next To Suicide Bomber Was "Definitely A Forgery"

It appears the passport "found" in Paris was a false flag also (see 9/11).

http://www.zerohedge.com/news/2015-11-15/false-flag-link-passport-found-next-suicide-bomber-was-fake-claim-us-french-sources

Saturday, November 14, 2015

It’s official: Barack Obama wants to ‘help’ you manage your retirement savings

https://www.sovereignman.com/trends/its-official-barack-obama-wants-to-help-you-manage-your-retirement-savings-18237/?inf_contact_key=0f04e6f156f58d09563fd1330bf97916037539566c1c00072c56e5057be31bce

Something Went Wrong on the Way to the Future

http://bonnerandpartners.com/something-went-wrong-on-the-way-to-the-future/

Just taking the unvarnished numbers, the average working stiff in 1975 earned $8,853 (in 1975 dollars). Now, he earns $36,302.

Ford introduced its F-150 in 1975. We weren’t able to find an exact price, but it appears to have been sold at about $5,000. Today, an F-150 Super Cab sells for about $28,000.

The average new home sold for $39,000 in 1975. Today, it sells for $364,100. In very raw terms, if a man wanted to buy a house and a car in 1975 he had to work just under five years to pay for them. If he wants a house and a car today, he has to work almost 11 years…

Kyle Bass Explains Why He Had The U of TX Take Physical Delivery Of $1 Billion in Gold

I will repeat the following information for newbies:  Kyle Bass, of Hayman Capital, is on the board of UTIMCO, the University of Texas endowment fund, which happens to be the second largest in the world--next to Harvard's endowment fund.  Bass was chronicled in Michael Lewis' The Big Short, due to the fact that he and Hayman Capital's clients profited immensely after the implosion of the subprime mortgage bubble.

In short, Bass has a history of identifying distortions in the market before they collapse--and positions himself to profit from said distortions.  He's a contrarian, rarely following conventional wisdom.  He knows his stuff.  Here's what he had to say about gold and why UTIMCO took delivery of their physical gold and traded out of the GLD ETF, which is an ETF holding un-allocated and fractional reserve gold, qualifying it as a ponzi scheme for the clear-eyed.


https://youtu.be/lgNVNTvlpFY

Friday, November 13, 2015

“The Populist Upsurge is Real” – A Liberal College Professor Finds Common Ground with the Tea Party

http://libertyblitzkrieg.com/2015/11/11/the-populist-upsurge-is-real-a-liberal-college-professor-finds-common-ground-with-the-tea-party/

Why it absolutely, positively does not matter

https://www.sovereignman.com/trends/why-it-absolutely-positively-does-not-matter-18220/

Record Number Of Women Now Live In Parents' Basement, Lack Of Weddings Blamed

http://www.zerohedge.com/news/2015-11-11/record-number-women-now-live-parents-basement-lack-weddings-blamed

'Gold' Spikes Off 2015 Lows As Gold Coin Sales Surge To Highest Since Financial Crisis

Soaring demand for physical gold against a backdrop of declining (paper) prices for gold--nothing to see here, folks...

http://www.zerohedge.com/news/2015-11-12/gold-spikes-2015-lows-gold-coin-sales-surge-highest-financial-crisis

The Buffet Backlash: Anger Builds At "Hypocrite" Billionaire Hiding Behind "Folksy" Facade

http://www.zerohedge.com/news/2015-11-13/buffet-backlash-anger-builds-hypocrite-billionaire-hiding-behind-folksy-facade

The Seeds For The Next Global Crisis Are Already Being Sown

https://ucsb.prestosports.com/sports/m-baskbl/2015-16/releases/20151110sdanhy

Sunday, November 8, 2015

Legendary Pierre Lassonde Says Super-Wealthy Now Buying Massive Positions In The Gold Sector

http://kingworldnews.com/pierre-lassonde-the-super-wealthy-are-now-buying-massive-positions-in-the-gold-sector/

Pentagon report predicted West’s support for Islamist rebels would create ISIS

https://medium.com/insurge-intelligence/secret-pentagon-report-reveals-west-saw-isis-as-strategic-asset-b99ad7a29092
A declassified secret US government document obtained by the conservative public interest law firm, Judicial Watch, shows that Western governments deliberately allied with al-Qaeda and other Islamist extremist groups to topple Syrian dictator Bashir al-Assad.

The document reveals that in coordination with the Gulf states and Turkey, the West intentionally sponsored violent Islamist groups to destabilize Assad, and that these “supporting powers” desired the emergence of a “Salafist Principality” in Syria to “isolate the Syrian regime.” 

According to the newly declassified US document, the Pentagon foresaw the likely rise of the ‘Islamic State’ as a direct consequence of this strategy, and warned that it could destabilize Iraq.

One Day After Obama Kills Keystone XL Pipeline Another Buffett-Owned Oil Tanker Train Derails In Wisconsin

Gee, another railcar derailment.  What a surprise.  Not.

http://www.zerohedge.com/news/2015-11-07/another-buffett-owned-oil-tanker-train-derails-wisconsin-one-day-after-obama-kills-k

There Are Now 293 Ounces Of Paper Gold For Every Ounce Of Physical As Comex Registered Gold Hits New Low

http://www.zerohedge.com/news/2015-11-04/there-are-now-293-ounces-paper-gold-every-ounce-physical-comex-registered-gold-hits-

"US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant

http://www.zerohedge.com/news/2015-11-08/us-debt-3-times-more-you-think-former-chief-us-accountant-warns-americans-have-lost-

Paul Craig Roberts – Financial Corruption, Propaganda And Why The U.S. Government Won’t Answer My Letter

http://kingworldnews.com/paul-craig-roberts-corruption-propaganda-and-why-the-u-s-government-wont-answer-my-letter/

Friday, October 30, 2015

Obama, Kerry Throw In The Towel: US Prepared To Accept Assad Regime In Syria

Every empire decays eventually.  At some point, the US will have to accept a non-exceptionalism, multi-polar world.  And currency.


http://www.zerohedge.com/news/2015-10-30/obama-kerry-throw-towel-us-prepared-accept-assad-regime-syria

Thursday, October 29, 2015

We Must Oppose Obama's Escalation in Syria and Iraq!

http://ronpaulinstitute.org/archives/featured-articles/2015/october/27/we-must-oppose-obamas-escalation-in-syria-and-iraq/

Venezuela Sells Billions In Gold To Repay Its Debt

Hugo Chavez is rolling over in his grave.

http://www.zerohedge.com/news/2015-10-29/venezuela-sells-billions-gold-repay-its-debt
Where did Venezuela obtain the funds needed to make these debt payments?

The answer: it has been dumping its gold, which its former ruler Chavez worked hard in 2011 to repatriate from London, and which its current president Maduro, just four short years later, is busy sending back to its creditors.

The Neocon Hunger for Universal Empire

http://www.dansanchez.me/feed/the-neocon-hunger-for-universal-empire

Wednesday, October 28, 2015

EXPOSED: The Terrifying Truth About What We Are Facing In The Future

Fed Chair Janet Yellen has threatened/promised (depending on whether you're an investor or an economist) to raise interest rates for two years.  How much longer will the pundits be fooled?

http://kingworldnews.com/exposed-the-terrifying-truth-about-what-we-are-really-facing-in-the-future/

Millennials: 70% Want To Be Debt Free, 66% Refuse To "Gamble" In The Stock Market

http://www.zerohedge.com/news/2015-10-27/millennials-fail-neo-keynesianism-70-want-be-debt-free-66-refuse-gamble-stock-market

‘Untouchables': Obama Cronies “Protected Wall Street’s Most Criminal From Prosecution”

http://www.shtfplan.com/headline-news/untouchables-obama-cronies-protected-wall-streets-most-criminal-from-prosecution_10262015

Gerald Celente – The Staggering $225 Trillion Bubble, Economic Chaos And Why Gold Will Prevail

http://kingworldnews.com/gerald-celente-the-staggering-225-trillion-bubble-economic-chaos-and-why-gold-will-prevail/

Tuesday, October 20, 2015

Moscow doubles down on Washington

As I've said many times, it's all about the dollar.  Or more accurately, the petrodollar.

https://www.rt.com/op-edge/318753-moscow-washington-war-syria/

Friday, October 2, 2015

"They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor Force

http://www.zerohedge.com/news/2015-10-02/they-just-dont-want-job-feds-stunning-explanation-why-946-million-americans-are-out-

The decrease in labor force participation among prime-age individuals has been driven mostly by the share who say they currently don't want a job.

Wow, what a crock of $hit from the Atlanta Fed.

Silver-coin shortage shows bright side of precious metal collapse

This CNBC reporter correctly exposes the severe shortage in physical silver but incorrectly attributes it to soaring demand from "mom and pop" investors, as if we're somehow unsophisticated, misguided hayseeds who fell off the turnip truck.  She knows nothing of the bifurcation of COMEX paper silver prices and physical silver pricing, which are carrying huge premiums above spot price.  There is a reason why premiums are soaring.  Get a clue, Marcy.

Or maybe she does know what's going on, but is paid to publish misinformation.

http://www.cnbc.com/2015/09/30/reuters-america-silver-coin-shortage-shows-bright-side-of-precious-metal-collapse.html?ref=yfp

Monday, September 28, 2015

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

To those who seek justice, this is good news--kind of.  Because the biggest manipulators are not named in this latest regulatory probe.

http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal

Monday, September 14, 2015

STUNNING: What Caused The Bank Of England To Halt Gold Leasing In A Panic?

http://kingworldnews.com/stunning-what-caused-the-bank-of-england-halt-gold-leasing-in-a-panic/
If you look at the chart above, one has to wonder, if gold really is a ‘barbarous relic,’ why did the Bank of England suddenly halt gold leasing as the world plunged into financial chaos?

The bottom line is that when the shit hits the fan, nobody cares about paper and everyone with a brain, including apparently the Bank of England, hoards their gold and refuses to part with it. 

Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

http://www.internationalman.com/articles/crossing-borders-with-gold-and-silver-coins-a-glimpse-of-things-to-come

50 Defense Dept. Whistleblowers Slam “Stalinist” Pentagon Officials For Lying About ISIS

It's bad enough that the Pentagon is lying about the "success" of the war on terrorists in the Middle East, the much bigger crime the masses don't realize is the US funded al-Qaeda and ISIS in the first place.


http://theantimedia.org/50-defense-whistleblowers-slam-stalinist-pentagon-officials-for-lying-about-isis/
 

Syria War of deception - Ken O'Keefe

This interview on Syria occurred in 2013, but it's still relevant today.


https://youtu.be/KmQw6CryE9M

It’s virtually impossible to get physical gold in London

https://www.bullionstar.com/blogs/koos-jansen/its-virtually-impossible-to-get-physical-gold-in-london/

Friday, August 28, 2015

Lies You Will Hear As The Economic Collapse Progresses

I don't agree with all his predictions, but he makes a compelling argument for them.

http://www.alt-market.com/articles/2678-lies-you-will-hear-as-the-economic-collapse-progresses

What China's Treasury Liquidation Means: $1 Trillion QE In Reverse

http://www.zerohedge.com/news/2015-08-27/what-chinas-treasury-liquidation-means-1-trillion-qe-reverse

The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”

http://libertyblitzkrieg.com/2015/08/27/the-financial-times-calls-for-ending-cash-calling-it-a-barbarous-relic/
When you start to see increased propaganda about banning cash, you know the status quo is very scared and things are getting very serious. You’ve been warned.

The fact that people treat cash as the go-to safe asset when banks are teetering is heavy with historical irony. Paper money was once the symbol of monetary irresponsibility. But even as individuals have taken recent crises as reasons to stock up on banknotes, authorities would do well to consider the arguments for phasing out their use as another “barbarous relic”, the moniker Keynes gave to gold.

Of course, if cash were  involuntarily”ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible. 

Joe Biden's Son Blames "Russian Agents" For Ashley Madison Profile

http://www.zerohedge.com/news/2015-08-28/joe-bidens-son-blames-russian-agents-ashley-madison-profile

We Are All Preppers Now

https://mises.org/blog/we-are-all-preppers-now
Advice on the looming crash, No. 1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work.
Crash advice No. 2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
Crash advice No. 3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.

China’s Master Plan To Create A New World Order Amidst The Global Chaos

http://kingworldnews.com/amidst-the-global-chaos-china-is-aggressively-moving-to-create-a-new-world-order/

Friday, August 21, 2015

The Federal Reserve is Not Your Friend

http://reason.com/archives/2015/08/20/the-federal-reserve-is-not-your-friend

Debt Is Good

This Nobel-winning economist has gone mad.  So have his followers.

http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html?_r=1
Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.

I know that may sound crazy. After all, we’ve spent much of the past five or six years in a state of fiscal panic, with all the Very Serious People declaring that we must slash deficits and reduce debt now now now or we’ll turn into Greece, Greece I tell you.

But the power of the deficit scolds was always a triumph of ideology over evidence, and a growing number of genuinely serious people — most recently Narayana Kocherlakota, the departing president of the Minneapolis Fed — are making the case that we need more, not less, government debt.

The 'Big Long' Gets Bigger As Goldman And HSBC Gobble Up Tons More Gold

http://seekingalpha.com/article/3440296-the-big-long-gets-bigger-as-goldman-and-hsbc-gobble-up-tons-more-gold

The 'Big Long' - Goldman Sachs And HSBC Buy 7.1 Tons Of Physical Gold

http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold

Young people: read this before you f**k up your lives

http://www.sovereignman.com/trends/young-people-read-this-before-you-fk-up-your-lives-17379/

Thursday, August 13, 2015

Freedom And Central Planning Can Never Coexist

http://www.alt-market.com/articles/2669-freedom-and-central-planning-can-never-coexist

Tips on Deleting Emails From Email Book Hillary Clinton Wanted to Read

http://abcnews.go.com/Politics/tips-deleting-emails-email-book-hillary-clinton-wanted/story?id=33046042
The last batch of Hillary Clinton emails released by the State Department included one from Clinton asking to borrow a book called “Send: Why People Email So Badly and How to Do It Better,” by David Shipley and Will Schwalbe.

Clinton has not said why she requested the book, but it includes some advice that is particularly interesting in light of the controversy over her unconventional email arrangement at the State Department and her decision to delete tens of thousands of emails she deemed to be purely personal.

The copy that ABC downloaded for $9.99 had some interesting revelations.

Take, for example, Chapter Six: “The Email That Can Land You In Jail.” The chapter includes a section entitled “How to Delete Something So It Stays Deleted.”

From $1,300 Tiger Penis To $800K Snipers: The Complete Black Market Price Guide

http://www.zerohedge.com/news/2015-08-13/1300-tiger-penis-800k-snipers-complete-black-market-price-guide

Did Clinton Aides Withhold Damaging Benghazi Documents?

https://sharylattkisson.com/did-clinton-aides-withhold-damaging-benghazi-documents/

Tuesday, August 11, 2015

Lawsuit could reveal secret Saudi connection to 9/11

The rabbit hole goes goes deeper.  Who within the US government was covering up the Saudi connection to 9/11?

http://nypost.com/2015/08/09/lawsuit-could-reveal-secret-saudi-connection-to-911/

Lois Lerner Emails Released – She Exclaimed: “Lincoln Should Have Let the South Go…”

http://libertyblitzkrieg.com/2015/08/09/lois-lerner-emails-released-she-exclaimed-lincoln-should-have-let-the-south-go/

Don’t Be Fooled by the Political Game: The Illusion of Freedom in America

http://www.rutherford.org/publications_resources/john_whiteheads_commentary/dont_be_fooled_by_the_political_game_the_illusion_of_freedom_in_america

Lawrence Lessig compares the number of fundraisers between Presidents Reagan and Obama

http://www.politifact.com/new-hampshire/statements/2015/jan/20/lawrence-lessig/lawrence-lessig-compares-number-fundraisers-betwee/
"If you ask how many times did Ronald Reagan attend a fundraiser when he ran for re-election in 1984, the answer is eight times. If you say how many times did Barack Obama attend a fundraiser in 2012, the answer is 228 times," Lessig told the Monitor.

He continued, "And you think, how does a man, as a person, run the nation when he's attending 228 fundraisers? And the answer is not very well. It's pretty terrible for your ability to do your job. It's pretty terrible for your ability to be responsive to the American people, because -- let me tell you -- the American people are not attending 228 fundraisers. Those people are different."

Gold Soars After Chinese Currency Devaluation

The global currency war just got real.

http://www.zerohedge.com/news/2015-08-11/gold-soars-after-chinese-currency-devaluation

Sunday, August 9, 2015

U.S. is Destroying Europe

I'd go further than the author has.  The end game for US foreign policy isn't to destroy Russia into a vassal state.  It's to counter both Russia's and China's ploy to end USDollar hegemony.

http://www.strategic-culture.org/news/2015/08/07/us-is-destroying-europe.html

China’s Secret Gold Hoarding Strategy

Finally, someone understands that bullion banks acting as agents of central banks are not the only entities suppressing the price of gold.  So are the Chinese--but for entirely different and often divergent reasons.

Western central planners want to maintain USDollar hegemony at all costs--even if it means going to war with anti-dollar dictators.

The Chinese want lower gold prices because they are still in accumulation mode.  The outcome will be disastrous for the dollar and purchasing power of Americans.

https://www.moneymetals.com/news/2015/08/06/china-gold-hoarding-000747

When a Train Wreck Is No Accident

http://www.internationalman.com/articles/when-a-train-wreck-is-no-accident

Monday, August 3, 2015

Thursday, July 30, 2015

4 Mainstream Media Articles Mocking Gold That Should Make You Think

http://libertyblitzkrieg.com/2015/07/29/4-mainstream-media-articles-mocking-gold-that-should-make-you-think/

Meanwhile In Venezuela... The Socialist Paradise Has Arrived

http://www.zerohedge.com/news/2015-07-29/meanwhile-venezuela-socialist-paradise-has-arrived
As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro's socialist paradise... and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation

http://www.zerohedge.com/news/2015-07-29/complete-collapse-greece-reverts-barter-economy-first-time-nazi-occupation

Sunday, July 26, 2015

US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low

Buy the dip.

http://www.zerohedge.com/news/2015-07-24/us-mint-sells-most-physical-gold-two-years-same-day-gold-price-hits-five-year-low

Shanghai Gold Exchange Withdrawals Week Ended July 17, 2015

https://smaulgld.com/shanghai-gold-exchange-withdrawals-week-ended-july-17-2015/
Gold withdrawals on the Shanghai Gold Exchange the past two weeks were larger than the amount of gold delivered on COMEX during 2014 and greater than the amount of gold Germany has repatriated from the New York Fed since 2013.

Friday, July 24, 2015

Attention America’s Suburbs: You Have Just Been Annexed

http://www.nationalreview.com/corner/421389/attention-americas-suburbs-you-have-just-been-annexed-stanley-kurtz

The Death of Gold…….Or Not!

https://www.abcbullion.com.au/investor-centre/pdf/the-death-of-gold.or-not#.VbKgZPlTKir

This Has Never Happened To Gold Before

When it comes to equities or even bonds, the hedge funds are usually labeled the "smartest guys in the room."  But when it comes to the precious metals sector, they are not.  The shorts in gold got squeezed today.

http://www.zerohedge.com/news/2015-07-24/has-never-happened-gold

Economic Totalitarianism And The War Against Cash

http://kingworldnews.com/economic-totalitarianism-and-the-war-against-cash/

Jim Grant: Still Bullish On Gold; Says Fed In A Hurry To Raise Rates

This is another way of saying "buy the dip(s)."

http://www.zerohedge.com/news/2015-07-24/jim-grant-gold-mr-market-having-sale-vexing-wonderful-opportunity

Central Banks and Our Dysfunctional Gold Markets

https://mises.org/library/central-banks-and-our-dysfunctional-gold-markets
It's because gold is a powerful competitive international currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates, and the value of government bonds. Gold's performance is usually the opposite of the performance of government currencies and bonds. Hence central banks fight gold to defend their currencies and bonds.  

The problem is that central bank tactics in this fight affect more than gold; they affect markets generally and eventually destroy markets generally. This destruction of markets now has a name, a name used even by former members of the Federal Reserve Board. That name is "financial repression."

Banks Sued on Claims of Fixing Price of Gold

http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?_r=2
According to one of the suits, “The ‘great flaw’ of the gold fixing process is that the member banks trade on the information exchanged during the call to manipulate the price of gold and gold derivatives before publication of the gold fix to the wider market.”

Each of the banks — Barclays, Scotiabank, Deutsche Bank, HSBC and Société Générale — denied, or declined to comment, on the accusations of collusion, which — at least traditionally — have been dismissed as a conspiracy theory. Nonetheless, concerns that the gold fix may be rigged have escalated of late in part because of investigations into the setting of the London interbank offered rate, or Libor, and suspicions about manipulation of global foreign exchange rates.

“A lot of conspiracy theories have turned out to be conspiracy fact,” said Kevin Maher, a former gold trader from New York, who filed the first suit against the banks. (The case is Maher v. Bank of Nova Scotia, 14-cv-01459.) “We now know that Libor was manipulated and that a bad odor is coming out of the Forex market. So why not gold?”

Mr. Maher, who started trading gold in 1993, said he filed his suit reluctantly and only after he became convinced that official regulators were unwilling or unable to investigate the fix. “I didn’t feel like there was any oversight, either from the government or from self-regulating entities,” he said in an interview last month. “A lawsuit seemed to be the only means to rectify the problem.”

Unprecedented emergency statewide fishing closures enacted in Pacific Northwest

And they said the effects of the Fukushima nuclear power disaster would be contained.  Sure, the drought in the Pacific northwest can be a culprit, but it that the only factor in major sea wildlife die-offs?

http://enenews.com/emergency-statewide-fishing-closures-pacific-northwest-unprecedented-weve-never-anything-like-before-disease-causing-very-alarming-mass-die-100-infection-rate-areas-rotting-gills-distended

Liberty Movement Needs More Innovations To Counter Technological Tyranny

http://www.alt-market.com/articles/2648-liberty-movement-needs-more-innovations-to-counter-technological-tyranny

Friday, July 17, 2015

China finally says how much gold it has, but nobody believes it

Apparently, I'm not the only skeptic regarding China's official gold holdings.  My estimate is somewhere north of 5,000 tons.  There are various reasons why China may be understating their gold holdings, but at some point, the truth will come out, and the fireworks in the precious metals markets will begin.

http://www.marketwatch.com/story/china-finally-says-how-much-gold-it-has-but-nobody-believes-it-2015-07-17

Wednesday, July 15, 2015

Hillary Clinton Blasts High Frequency Trading Ahead of Fundraiser with High Frequency Trader

http://libertyblitzkrieg.com/2015/07/14/hillary-clinton-blasts-high-frequency-trading-ahead-of-fundraiser-with-high-frequency-trader/

Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks

For those who still hold on to the notion it is only conspiracy theorists who believe our banking system is completely corrupt, look no further than Santa Cruz County to spell it out for you.  This is close to home for many of you, so perhaps you might want to take note.

It is interesting that UTIMCO, the endowment fund for the University of Texas system, repatriated their physical gold from HSBC's vaults in New York.  Texas is traditionally a very conservative state, wary of the federal government's over-reach, and generally mistrustful of .gov.  This is duly noted--and understandable.  As the saying goes, "Don't Mess With Texas!"

But contrast that with Santa Cruz County, which is traditionally very liberal.  Yet, both sides of the aisle now mistrust the global banking system.

Wake up, people.  The sun is setting on fiat currency regimes.  Prepare for it, because it is coming.  Well, what does that mean--prepare for a currency reset?  It means your social security checks, pensions, even bank deposits, as well as your money market funds will be eviscerated.  In fact, any debt instruments, even short-term bills, carry inherent risks, including currency devaluation, counterparty, inflation, higher interest rates, default, and liquidity.

In other words, why take on all those risks for the privilege of earning 0% returns?

See Cyprus, Greece, bank depositor bail-ins, and capital controls coming to a country near you.

http://libertyblitzkrieg.com/2015/07/14/santa-cruz-county-votes-to-cease-doing-business-with-five-tbtf-mega-banks/

Tuesday, July 14, 2015

For Indians, paper gold can't beat the real thing

Read between the lines.  The Indian government is demonizing--even criminalizing, citizens owning physical gold.  Paper gold is fine is their minds.  So are fine art, exotic sports cars, and high-end mansions.  But if someone wants to own physical gold they can carry around in their pockets?  Blasphemy!

Even the semantics are derogatory.  They have the gall to label physical gold "black money."

When the corrupt authorities and insolvent governments discourage the masses from owning a particular asset, it might be in the hoi polloi's best interests to own that very same asset.

http://finance.yahoo.com/news/indians-paper-gold-cant-beat-022934369.html

Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes

http://etfdailynews.com/2015/07/14/greeks-cant-tap-cash-gold-silver-in-bank-safety-deposit-boxes/

Many Greeks were also withdrawing their cash because they fear the country might be forced back onto the drachma. However a little known fact is that, Greeks who had prepared for bank runs by withdrawing cash and buying gold and silver bullion and then lodging that bullion and indeed cash into safety deposit boxes have also been caught up in the draconian capital controls.
We have warned about this for many years and warned as recently as April this year that people should avoid using safety deposit boxes in banks.
“Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place”, Nadia Valavani, a Deputy Finance Minister in Greece told local television station according to a Reuters report.

10 Countries Now Facing Default As Global Crisis Escalates – What To Expect From China, Europe and The U.S.

http://kingworldnews.com/10-countries-now-facing-default-as-global-crisis-escalates-what-to-expect-from-china-europe-and-the-u-s/

The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015

http://www.infowars.com/the-shemitah-the-biblical-pattern-which-indicates-that-a-financial-collapse-may-be-coming-in-2015/

Sunday, July 12, 2015

Systemic "Holidays" Are Coming to Banks, Money Market Accounts and More in the Weeks Ahead

http://www.zerohedge.com/news/2015-07-08/systemic-holidays-are-coming-banks-money-market-accounts-and-more-weeks-ahead
1)   The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.

2)   When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.

3)   In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.

4)   The US bond market  (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.

5)   Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.

6)   Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.

When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).

Economic Sanctions Cause War, Not Peace—–Some Lessons From FDR’s Embargo Against Japan

http://davidstockmanscontracorner.com/economic-sanctions-cause-war-not-peace-some-lessons-from-fdrs-embargo-against-japan/

As Global Asset Bubbles Implode, Synthetic Economies To Enter Monstrous Worldwide Depression

http://kingworldnews.com/as-global-asset-bubbles-implode-synthetic-economies-to-enter-monstrous-worldwide-depression/

Thursday, July 9, 2015

Cronyism Pays – Eric “Too Big to Jail” Holder Triumphantly Returns to His Prior Corporate Law Firm Job

http://libertyblitzkrieg.com/2015/07/06/cronyism-pays-eric-too-big-to-jail-holder-triumphantly-returns-to-his-corporate-law-firm-job/

No Jobs for the Young, No Retirement for the Old

http://www.oftwominds.com/blogjuly15/jobs-age7-15.html

BRICS Bank Officially Launches As Sun Sets On US Hegemony

http://www.zerohedge.com/news/2015-07-08/brics-bank-officially-launches-sun-sets-us-hegemony
 

Japanese Investors Lose Faith In Draghi - Dump The Most Foreign Bonds In History

Greece matters after all.  Contagion is a bitch.

http://www.zerohedge.com/news/2015-07-08/japanese-investors-lose-faith-draghi-dump-most-foreign-bonds-history

Preparedness Critics Are History’s Cannon Fodder

http://www.alt-market.com/articles/2638-preparedness-critics-are-historys-cannon-fodder
It is perhaps not coincidental that the people most in love with the state are often the first ones to be annihilated by it.  Avid lower echelon and middlemen agents of tyranny are in many cases exterminated by the very system they helped to dominance. If they do not meet their demise at the hands of the establishment, then they invariably meet their demise at the hands of those fighting against the establishment.

Sunday, July 5, 2015

Feds ‘lose’ audits for Fort Knox Gold


https://youtu.be/fSzeK47MxEE

The BIS Is Trying To Hide A Terrifying Nightmare That Is Going To Send The World Into A Full-Blown Panic

http://kingworldnews.com/the-bis-is-trying-to-hide-the-terrifying-nightmare-that-is-going-to-collapse-the-global-financial-system/

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof

http://www.zerohedge.com/news/2015-06-29/jpm-just-cornered-commodity-derivative-market-and-time-we-have-proof

Euro Area Exposure to Greek Exit Via EFSF

Greece defaulting could be analogous to Lehman Brothers defaulting.

Click on Image to Enlarge

Citigroup Just Cornered The "Precious Metals" Derivatives Market

To provide some contextual color, the Hunt brothers were prosecuted for trying to corner the silver market in 1980.  They achieved approximately a 10% long position in silver, trying to profit on rising silver prices.  A closer inspection reveals the government regulators changed the goal posts on the Hunt brothers, turning them from mere speculators to criminals.

Fast forward to today, and JPMorgan has carved out a 90% position in the COMEX gold exchange, while Citigroup has a 70% position in COMEX silver.  It is egregious that the Hunt's were busted for taking a 10% position, while JPMorgan and Citigroup are left unchecked, free to take massive, concentrated (short) positions.

Yes, the bullion banks will claim they are market makers providing liquidity by taking both sides of a trade, but they have been incessantly investigated for manipulating markets by taking outsized, concentrated positions in LIBOR, fixed-income, and commodities markets.  They used this exact same argument prior to the cratering of subprime mortage-backed securities.

In other words, they are not only Wall Street casinos, they are also placing their own huge one-way bets--and getting in trouble when those bets go sour.  These bets aren't hedges--they are wagers placed from their proprietary trading desks.  It is not a stretch to deduce they are up to the same shenanigans in the much smaller precious metals complex.

http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260?page=1

Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For

http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook

Gerald Celente – The Great Global Panic Is On But This Is Going To Shock The World

http://kingworldnews.com/gerald-celente-the-great-panic-is-now-on-throughout-the-world/
How could anybody with an ounce of brains that lives in Greece keep their money in the banks as they saw this crisis unfold?  Now they are waiting in line because they have a ‘bank holiday.’  ‘Bank holiday,’ how’s that for BS?  ‘Holiday,’ we’re going to take your money and hold it and maybe we’ll give it back to you.  Look at the amount of gold purchases going on in Greece right now.  Don’t they wish they had their money in gold, rather than in a bank in Greece?

Monday, June 29, 2015

"Of What Use Is A Gun With No Bullets?", BIS Says Central Banks Defenseless Against Coming Crisis

Most people in the know, know that the BIS is the central bank of central banks, including the Fed, Bank of England, Bank of Japan, European Central Bank, etc.  So when they push the panic button, it's time to sit up and notice.

http://www.zerohedge.com/news/2015-06-29/what-use-gun-no-bullets-bis-says-central-banks-defenseless-against-coming-crisis

Greek Contagion

Speaking of contagion:

In Italy,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open

In Puerto Rico,
http://www.zerohedge.com/news/2015-06-29/puerto-rico-bonds-are-collapsing

In Portugal,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-uncontained-portugal-bond-risk-spikes-most-over-7-years

Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion

You want to know why gold bug conspiracy theorists are accurate in alleging the precious metals complex are manipulated (like most markets today)?  Because the basic economic law of supply and demand is violated repeatedly.  When a shortage in a commodity occurs, prices should rise, not plummet.

But another law mandates that price manipulations are never sustainable, and eventually, the rubber band effect will cause prices of gold and silver to skyrocket some time in the future.

http://www.zerohedge.com/news/2015-06-29/gold-tumbles-despite-uk-mint-seeing-europeans-rush-buy-bullion

Thursday, June 25, 2015

Selling a 10 oz Silver Bar for $10 (When It's Worth $160) - EXPERIMENT -

This never gets old, as it depicts how dumbed-down most Americans are regarding monetary history and currency.  But put it into context.  Encinitas is a beach town north of San Diego.  According to Zillow, average home prices are $848,300.  So the knee-jerk assumption is that residents are fairly affluent and intelligent.

Apparently not.


https://youtu.be/RJm3cRRvPoM

For The First Time Ever, QE Has Officially Failed

This is the other side of unintended consequences.  The QE mechanism is rather esoteric, so to put it in layman's terms:  what goes up, must come down.  With rising yields, bond prices drop, which will tank the equities and real estate markets.

Another way to put it is:  there is no free lunch.  Running the money printing press doesn't build long-term wealth.  It enables capital misallocation and increases the debt burden.

http://www.zerohedge.com/news/2015-06-25/first-time-ever-qe-has-officially-failed

Crying Wolf?

Dear CIGAs,

We have all from time to time tried to help others, friends and family, by pointing them toward reality. For our troubles and efforts we have been viewed as the "squirrely" guy/gal with a tinfoil hat who see’s everything as a conspiracy. We have lost friends and even had family cringe when holiday get togethers were planned because no one wants to be exposed to our "craziness". Worse than any disease or even leprosy, anyone spouting Austrian economics or even "common sense" (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, "theory after theory" has become fact after FACT after FACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a day to day operation in the Western world.

Originally my thought was to write this piece about and around the perfect response, "but you do agree the government is bankrupt, right?". I say this because almost anyone (in the U.S.), no matter what age, sex, religion, race or financial status will generally agree with this. For those who don’t agree, it is better to leave well enough alone, this is a subset living in their own delusional world.
For those who do agree "the government is broke", they are broken down into basic subsets. There are those who "get it" fully. There are those who know the government is broke but don’t really understand what it means or the ramifications (they can’t connect the dots). Another group are those who agree and know in the back of their mind this is true …but they don’t REALLY believe it because they simply cannot …"it’s too awful to comprehend". Then, we have another group, probably the largest of all, those who agree but think it really doesn’t matter. They may also believe no financial crisis will ever occur because "the government will never let it happen". Let’s talk about this group next.

The "can’t happen here" crowd only need the dots connected for them. I believe it is best to ask them questions in an effort to lead them to their own answer and understanding. This is much better than lecturing or "telling" them because they will actually have to think to answer your questions. 

Questions such as:

1.  if the government is broke, how will they make good on their obligations such as payrolls, Social Security, food stamps, paying the military and most importantly paying on their debt?  Forget the first four, "do you realize Treasury securities are what funds Social Security, your pension, the bank’s balance sheet which holds your money …AND what underlies the dollar itself?"! 
2.  If the above doesn’t work, you might ask if the economy currently "feels good"?  Then ask, do you realize the federal government spends almost 20% of GDP (and their spending is "counted" as part of GDP).  If they are broke and have to drastically cut back on spending, will the economy not shrink by the amount the government can no longer spend?  Do you see without government spending, under any definition we would be in a depression greater than the 1930′s?
I don’t want to go through the entire exercise but please understand, "guiding" someone to their own conclusion which happens to be correct is best done with questions, MANY OF THEM.  If you can, take two, three or even more philosophical roads to help them reach the same conclusion each time …the understanding will be that much more cemented in their mind when they finally do(hopefully) arrive!

Switching gears just a bit, we have seen the "mentality" change somewhat over the last year or so.  Even the mainstream is showing some signs of a shift.  This "shift" has even become evident amongst and within the "old boys club".  For example, who would have imagined Germany, Netherlands, Belgium and Austria would ever ask for their gold back?  Or Texas building its own depository and using the words "not" and "confiscate" in the legislation for proposed repatriation? 
Several very well known and at one time mainstream money managers have publicly told of the dangerous situation.  The latest is a bond manager who has gone entirely to cash, how’s this for putting a crash helmet on?

http://www.bloomberg.com/news/articles/2015-06-22/tcw-braces-for-bond-market-collapse-by-piling-the-cash-up-high Just a few weeks ago, Bloomberg put out an article asking if China could gold back the yuan.  This was significant because no news source (other than maybe Kitco) has been as bearish and slandering regarding gold than Bloomberg.  http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price

Going to the beginning and back to the top, who exactly was correct in 1999-2000? Who was correct from 2005-2008 about an impending crisis? The answer of course is the very same people screaming bloody murder today "the financial system will come apart from the seams". Are those who were correct before, now "crying wolf"? Or are they saying the same things for the same reason and forecasting the same results as before? "They" (we) were not crazy then and are not crazy now. In fact, it is even much easier to see now than previous. As a side note if you recall, we heard in late 2008 and 2009, "who could have seen it coming"? Or, "no one could have seen it coming". This is dead wrong! In fact, even within the mainstream press there was a concerted effort to silence the truth. For example, Greg Hunter while at CNN tried to warn of the banking collapse. He was told "don’t go there" and was rewarded by having his contract not renewed!

"Some" saw the dotcom bubble coming, more saw and warned of the 2008 crisis coming …and even more see this one coming. Not only are there more and louder voices today, the numbers are growing slowly but surely and even engulfing some mainstreamers who used to laugh at "us tinfoilers"!
I know how difficult it is and has been. The financial landscape is perverted beyond recognition and any time you open your mouth, you are proven wrong. Gold goes down the following day along with a new high in stocks so you look "stupid". You are not. "We" cannot make price, we can only tell the truth as we see it and suggest via common sense and logic the need to prepare for the worst. As I see it, the outcome is not in any doubt and becomes clearer each day. My fear is we are not in 2008 anymore, the coming collapse will change the world order to one unrecognizable to today. The U.S. is in fact "broke" as we spoke of at the beginning. The "realization" of this not only can happen but WILL happen. Sadly, because of how badly the U.S. has treated the world over these last years, we will be given no mercy when negotiating our bankruptcy. It will be a real live wolf at our door!

Regards, Bill Holter
Holter-Sinclair collaboration
Comments welcome!  bholter@hotmail.com