BANKERS STOP THE PANIC – DIG IN FOR RANGE-BOUND PLAY

http://averybgoodman.com/myblog/2017/07/31/bankers-end-panic-level-short-covering-dig-in-for-range-bound-play/

The Bankers’ India Gold Grab: An Update - Jeff Nielson

https://www.sprottmoney.com/blog/the-bankers-india-gold-grab-an-update-jeff-nielson.html

Reasonable Person Conclusion: Libya's Gold Reserves of 100+ Tons Have Been Stolen by Bankers

http://www.24hgold.com/english/contributor.aspx?article=4030120908G10020&contributor=Charleston+Voice

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

http://www.bloomberg.com/news/2014-12-18/bankers-see-1-trillion-of-investments-stranded-in-the-oil-fields.html

Bankers, Media, Governments & Anti-Gold Propaganda

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/6_Bankers,_Media,_Governments_%26_Anti-Gold_Propaganda.html

Speaking of bubbles, here's the price chart for Citi shares.

Click on Image to Enlarge

Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator

http://wallstreetonparade.com/2014/04/suspicious-deaths-of-bankers-are-now-classified-as-%E2%80%9Ctrade-secrets%E2%80%9D-by-federal-regulator/

Are Bankers Being Killed Because They Know Too Much?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/14_Are_Bankers_Being_Killed_Because_They_Know_Too_Much.html

Bankers, bankers uber alles, uber alles in der welt

http://www.gata.org/node/12860

Bankers Own the World

http://www.peakprosperity.com/insider/82432/bankers-own-world

The battle for the Swiss soul

http://www.reuters.com/article/2013/04/18/us-swiss-banks-specialreport-idUSBRE93H07620130418

Full List of Bankers at White House Meeting Thursday

April 11, 2013 was one day before the most massive dump in precious metals since 1980.  Coincidence?

http://blogs.wsj.com/washwire/2013/04/11/full-list-of-bankers-at-white-house-meeting-thursday/

HSBC Reminds Us Why Anger at Bankers Is the Norm

http://www.bloomberg.com/news/2012-07-19/hsbc-reminds-us-why-anger-at-bankers-is-the-norm.html

DSK had Dollar, Banksers and the FED in his Crosshairs

http://thesilvergoldhedge.blogspot.com/2011/05/sdk-had-dollar-banksers-and-fed-in-his.html

Thoughts for the day

If gold is a barbaric relic, why is the state with the highest GDP called the Golden State? And why is the Denver Mint the top coin facility in the world?

Read your history books, and remember the years 1849 and 1858. The whole western United States expansion occurred after those dates. Blood, sweat, tears, and death went toward producing something of value, unlike an instantaneous computer key-stroke to create trillions of dollars out of thin air.

Today's "prospectors" work around the clock to build value for customers: smarter smart phones, better search engines, smaller computers, faster internet connections, and effective treatment for diseases. Their form of alchemy is transforming sand (silicon) into better communications, deeper knowledge, higher entertainment value, and better health.

These entrepreneurs should be left unfettered to create more value and generate prosperity for all of us, while increasing our quality of life. They are the growth engine of our global economy. They shouldn't be punished for bankers gone wild and politicians gone crooked.

White collar crime in China

Crooked bankers, CEO's, and corrupt government officials are being executed, or are given life sentences in China. In the US, the perps are paying themselves billion-dollar bonuses.

http://www.google.com/hostednews/afp/article/ALeqM5hlZKnWHo87TXxW7TAydpujc4beHg

Also last year, Li Peiying, the former head of the company that owns Beijing Capital International Airport, was executed after being convicted of bribery and embezzlement totalling nearly 16 million dollars.

The former head of oil giant Sinopec, Chen Tonghai, was sentenced to death in July after being found guilty of corrupt practices.

I wonder how many bankers and real estate developers they'll execute after the Chinese real estate bubble bursts.

I'm a cockroach

Erin Burnett of CNBC just called all gold bugs cockroaches, inferring they've only recently come forth in this melt-up rally of precious metals. This is more evidence of the anti-gold sentiment on Wall Street, Main Street, the government, the banking cartel, and mainstream media outlets. Prognosticators who completely missed the decade-long bull market in precious metals are now declaring a "bubble." Look at their track record: they missed the meltdown in equities and real estate, and missed the bull market in precious metals. Now we're going to trust them to call a bubble?

I guess us cockroaches should remind her that gold has appreciated almost five-fold since 2000, and in that same time span, equities have declined. In other words, it's not just a one-month phenomenon. An investment in gold-related investments is a cynical bet agsinst crooked bankers and free-spending, corrupt governments. In retrospect, it's not that hard of a trade.

US government--lender or borrower of last resort?

http://dailyreckoning.com/the-golden-years/

And over at The Financial Times in London, Gillian Tett asks “Will sovereign debt be the next sub-prime?”

Everyone knows what when wrong with sub-prime. When you lend money to people who can’t pay it back, you’re asking for trouble. So, if you’re out of a job and looking for a sub-prime loan to buy a double-wide trailer you’re out of luck. Bankers won’t give you a dime.

But now, the world’s lenders are doing something just as dumb. They’re lending to governments. Imagine you were a banker. And the US government comes to you for a loan.

“Do you have enough income to cover the payments,” you ask.

“Well, no,” comes the answer. “In fact, our revenue has fallen off a little. Because of the recession, you know. Like everyone else.”

“How bad is it?”

“Uh…we spend nearly two dollars for every dollar of income.”

“Oh…and you expect us to lend you money? What do you have for collateral? What is your net worth position?”

“We were hoping you wouldn’t ask. The most recent tally of our obligations comes to $113 trillion.”

“Well, don’t you have assets?”

“We have some buildings in Washington…military bases around the world…things like that. But as a practical matter, you could never foreclose on them.”

“Oh, I see…”

What is interesting is that the world’s investors are beginning to see that the US and many other governments are bad credit risks. This is an extraordinary event. Until now, the US government has been able to finance and refinance its debts at the lowest rates in three generations. Lenders have wanted to lend the feds money, because they believed they were the safest credits in the world.

Bankers can always be counted on to find the worst investments at the worst time. They are at the tail end of the chain of insights that begins with the sharpest, most independent-thinking analysts…runs through the broker/hedge fund community…passes on to the financial journalists and the TV pundits…arrives at the lumpeninvestoriat through the popular media…and finally gets to bankers when they pick up the Wall Street Journal and read about what’s going on.

Now, the bankers are buying sovereign debt – government paper – because they think it offers a “risk free” return. In fact, it is one of the riskiest investments you can make.