Random Thoughts from an Organized Mind

Friday, July 4, 2014

This is fascinating piece of evidence of negative propaganda.

http://www.zerohedge.com/news/2014-07-04/complete-annotation-socgens-latest-hit-piece-gold

Thursday, July 3, 2014

“Monkey Business” Surrounding the Repatriation of Germany’s Gold Stored at the NY Federal Reserve Bank.

http://www.globalresearch.ca/monkey-business-surrounding-the-repatriation-of-germanys-gold-stored-at-the-ny-federal-reserve-bank/5364090

Goldman Gets Ecuador Gold as Correa Steps Up Cash Hunt

Ecuador is another sucker selling its national gold reserves to Goldman Sachs.

http://www.bloomberg.com/news/2014-06-03/goldman-sachs-gets-ecuador-gold-as-correa-steps-up-hunt-for-cash.html

India’s Central Bank Will Sell Gold on the Market in Exchange for Gold at the Bank of England

Here is my take: as London runs out of physical gold, they have convinced the Indian central bank to store their physical inventory in London, in exchange for paper gold. All in the name of monetary "flexibility" for India.

Sounds like a rotten deal for India: give London real money in return for fake money.

http://libertyblitzkrieg.com/2014/07/02/indias-central-bank-will-sell-gold-on-the-market-in-exchange-for-gold-at-the-bank-of-england/

Swiss Gold Referendum

Even the Swiss National Bank has resorted to legalized counterfeiting. But the Swiss public want to increase their country's gold reserves. In case there's any doubt, the Swiss citizenry is fairly prudent when it comes to monetary issues.

http://snbchf.com/2014/05/swiss-gold-referendum-latest-news/

The BRICs Are Morphing Into An Anti-Dollar Alliance

http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance

Yes, There’s Wood Pulp in Burgers…Here’s Why I Think it Matters

http://libertyblitzkrieg.com/2014/07/02/yes-theres-wood-pulp-in-burgers-heres-why-i-think-it-matters/

The Cost Of Your July 4th Burger Has Never Been Higher

Inflation? What inflation? Oh, that's right, the BLS says food and energy shouldn't be a part of any consumer price calculations. Because they are too "volatile." I guess we shouldn't eat or drive over the July 4th weekend, in order to avoid a higher cost of living.

http://www.zerohedge.com/news/2014-07-03/cost-your-july-4th-burger-has-never-been-higher

Friday Farce: Caught Rigging Gold And Dark Pools, Barclays Begs To At Least Keep FX Manipulation

http://www.zerohedge.com/news/2014-07-03/friday-farce-caught-rigging-gold-and-dark-pools-barclays-begs-least-keep-fx-manipula

Are You Targeted by the NSA?

http://www.zerohedge.com/news/2014-07-03/are-you-targeted-nsa

Christine Lagarde – The Most Dangerous Woman in the World – IMF Advocates Taking Pensions & Extending Maturities of Gov’t Debt to Prevent Redemption

Bail-ins are coming, as sure as bail-outs occurred. Retirement accounts and pensions are at-risk during the next banking crisis.

http://armstrongeconomics.com/2014/06/28/christine-lagarde-the-most-dangerous-woman-in-the-world-imf-advocates-taking-pensions-extending-maturities-of-govt-debt-to-prevent-redemption/

Iraq Crisis-$150 to $200 Oil Might Seem Cheap-Chris Martenson

http://usawatchdog.com/iraq-crisis-150-to-200-oil-might-seem-cheap-chris-martenson/

Another JP Morgan Banker Dead

http://newswatch.us/another-jp-morgan-banker-dead/

China to Set Yuan Clearing Banks in Luxembourg, Paris

The rise of the Chinese yuan as an international currency doesn't spell the doom of the USDollar, but it will eventually end the dollar's reserve currency status. Hello, inflationary pressures generally, and imports specifically.

http://www.nasdaq.com/article/china-to-set-yuan-clearing-banks-in-luxembourg-paris-20140629-00048?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/27_Paul_Craig_Roberts_-_The_Entire_U.S._Gold_Hoard_Is_Now_Gone.html#sthash.GGRuT5Q9.dpuf

Wyden Targets Tax Changes for $9 Billion Highway Infusion

Yes, by now, most of us understand the government is broke, including the Department of Transportation's US Highway Trust Fund.

So who are the lawmakers targeting to make up the deficits?

Retirement accounts. I told you so.

http://www.bloomberg.com/news/2014-06-24/wyden-targets-tax-changes-for-9-billion-highway-infusion.html

The legislation by Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, will pay for the proposal by raising a heavy-vehicle use tax and making other tax and compliance changes related to retirement accounts and mortgage interest. He plans to bring the bill before his committee on June 26.

Paul Craig Roberts - The Entire U.S. Gold Hoard Is Now Gone

Let me reiterate: Dr Roberts is the former Assistant Secretary of the Treasury. He's no alarmist.

I've posited many times that whatever gold is left in the Fed's vaults has either been leased or outright sold multiple times to multiple parties, the definition of rehypothecation. It's analogous to mortgaging your home 100 times, a fraudulent re-use of collateral. You may have heard the phrase "fractional reserve system" in banking circles, which is problematic in itself. But at least in banking, they leverage up with paper.

With the proliferation of fractional reserves in the gold market, for every one ounce of physical gold, 100 ounces are traded in paper markets. Paper markets include the futures exchanges, ETF's, certificates, unallocated storage, forward contracts, etc. Which means millions of owners think they own gold, but actually do not. Even physical gold stored in bank vaults isn't safe from counterparty risk (or bank holidays).

If you must store it outside your home, consider custodial vaults domestically and offshore. They aren't subject to banking laws (and potential confiscation).

Gold is not a piece of paper or a certificate. Gold is gold.

Know what you own.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/27_Paul_Craig_Roberts_-_The_Entire_U.S._Gold_Hoard_Is_Now_Gone.html