Sunday, November 3, 2013

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

http://www.zerohedge.com/news/2013-11-02/chinas-gold-hoarding-continues-over-2200-tons-imported-two-years

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

http://www.zerohedge.com/news/wikileaks-discloses-reasons-behind-chinas-shadow-gold-buying-spree

eBay CEO weighs PayPal bitcoin option

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

http://www.coindesk.com/ebay-ceo-weighs-paypal-bitcoin-option/

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


http://youtu.be/JCUpJDzyRnY

Annihilation of U.S. Dollar Coming-Jim Sinclair

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

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

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

http://usawatchdog.com/jim-sinclair-50000-gold-us-dollar-collapse-hyperinflation-and-more/
Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”  By 2020, Sinclair predicts, “Emancipated gold will be $50,000 per ounce.”

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

http://theeconomiccollapseblog.com/archives/dont-worry-the-government-says-that-the-inflation-you-see-is-just-your-imagination

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

http://www.theguardian.com/world/2013/nov/01/food-stamp-cuts-emergency-providers-brace

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

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

http://www.timesofisrael.com/israel-furious-with-white-house-for-leak-on-syria-strike/?utm_source=dlvr.it&utm_medium=twitter

Financial Destruction Will Be Unleashed On Global Economies

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/3_Financial_Destruction_Will_Be_Unleashed_On_Global_Economies.html

The United States Is Now Set To Plunge Into Economic Chaos

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/2_The_United_States_Is_Now_Set_To_Plunge_Into_Economic_Chaos.html

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/2_LBMA_Collapse_To_Expose_US%2C_Europe_%26_BIS_Gold_Is_Gone.html

The Fed Is Going To Shock Markets By Increasing QE

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/1_The_Fed_Is_Going_Shock_Markets_By_Increasing_QE.html

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/31_We_Are_Now_In_The_Last_Innings_Of_The_End_Game.html
The Western world is still faced with increasing debt.  The mainstream media has been focused on the fact that there was a very small decline in the budget deficit, but if you look back in history it took the United States 192 years to rack-up $1 trillion of debt.  Then, the next $1 trillion of debt took only 30 years.  Astonishingly, now we are going through $1 trillion each year.

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

Danger For The West As China Makes Global Chess Moves

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/31_Danger_For_The_West_As_China_Makes_Global_Chess_Moves.html

The Frightening Thing That Threatens To Crash World Markets

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/31_The_Frightening_Thing_That_Threatens_To_Crash_World_Markets.html