Sunday, September 29, 2013

Costs of Investing in Mutual Funds

Mutual fund costs:

Hidden costs:

Poker End Game - JP Morgan, Fed, US Treasury, China & Gold

While this piece speculates about a conspiracy wrapped inside a conspiracy, I've always had my suspicions on who the price suppressors of gold and silver are.  The usual suspects are easy targets:  the Fed and other central planners want lower precious metals prices to mask their massive counterfeiting schemes globally.

But the Chinese have motives too:  they are accumulating gold in exchange for US Treasury bonds because they understand the USDollar will lose its reserve currency status soon, and the Chinese want the yen to have a seat at the global reserve currency table.  With gold-backing, the yuan strengthens its case substantially--as will the Russian ruble.

Jim Grant - The Fed Is A Danger To The U.S. & To The World

Saturday Night Live Mocks Obamacare in Hilarious Skit 

Saturday, September 28, 2013

Five reasons why gold prices will decline (not really)

THE FED QE MACHINE: Inflationary Valuations for Gold & Silver

COMEX Gold Inventories Hit New Low

If all else fails, Obama will raise debt ceiling himself: analyst

The nation's debt ceiling will be raised:  the only questions are how, when, and by whom.  In the end, it won't matter:  it merely signals the insolvency of this country anyway, and we are too far down the rabbit hole of debt hell to reverse course.

The US will continue to pile on debt--until buyers are exhausted, which they've already shown an inclination for.  The Fed is now the buyer of last resort, and when they are the ONLY buyer of US Treasury debt, the end game of bankruptcy will reach our shores.

The USDollar itself is on death's doorsteps.  Hello, $1000 loaves of bread and $1000/gallon of fuel.

Looting the Pension Funds
So when you invest your pension money in hedge funds, you might be paying a hundred times the cost or more, you might be underperforming the market, you may be supporting political movements against you, and you often have to pay what effectively is a bribe just for the privilege of hiring your crappy overpaid money manager in the first place. What's not to like about that? Who could complain?

But the idea that these benefit packages are causing the fiscal crises in our states is almost entirely a fabrication crafted by the very people who actually caused the problem. It's like Voltaire's maxim about noses having evolved to fit spectacles, so therefore we wear spectacles. In this case, we have an unfunded-pension-liability problem because we've been ripping retirees off for decades – but the solution being offered is to rip them off even more.


3 Disasters Now Threaten To Collapse The World Economy

The unstoppable growth of US money supply

Jim Grant - The World Will Witness Extreme Monetary Disorder

Celente Blasts The CFTC & Bart Chilton & Previews New Trends

Disastrous Error Has Increased The Risk Of A Major Collapse

Gov Targets Private Bank Accounts: Seizes Funds of Innocent Americans Without Charge or Trial

There Will Be Hell To Pay When This Tragic Collapse Begins

Massive Gold Earthquake Now Shaking The Financial System

The subject of this interview is correct with his view that the world is shunning the USDollar in favor of gold, but his citing of China's official gold reserves at 1,054 tons is outdated.  China announced that figure in 2009, but has been accumulating gold feverishly to where unofficial estimates of 5,000 tons are more accurate--and growing.

Also, western central bank official holdings are equally outdated--but in the opposite direction as they have been surreptitiously dishoarding inventories at alarming rates in attempts to cap gold prices.

The net effect is official gold reserves in the emerging economies are understated, while western developed countries are overstating their official holdings, as their depositories have been hollowed out from gold leases, swaps, and outright sales.

Big Picture Great For Gold But Bad For Millions Of Americans

Friday, September 27, 2013

Breaking: CFTC Stonewalls Hathaway’s Request For Information

The U.S. Is Going To Experience One Hell Of A Collapse

How Marc Faber Prepares For "When The Shit Hits The Fan"

Banking Holiday in Panama Announced

And so it begins...

Lars Schall interviews Jesse of Cafe Americain about gold and silver price suppression

Gold, Silver Now Poised For Price Spike

Thursday, September 26, 2013

Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos

Jim Rickards on Gold and the End Game

I would point to two very powerful examples to encourage investors to buy even in a declining environment, given the end game. You must keep your eye on the end game. The problem is, when the end game comes, you're not going to be able to get gold. It’s not a question of price anymore. You won't be able to get it.

Here are two examples. First of all, everything I just talked about has already happened. It happened in 1933. Between 1927 and 1932, the United States had 25 percent deflation, the only time in U.S. history anything like that has happened. Price levels dropped 25 percent. What did the U.S. government do? They revalued gold. They took it from $20 an ounce to $35 an ounce, which is a 60 percent devaluation of the dollar. They knew exactly what they were doing, and the reason they did it was not to reward gold investors. In fact, they confiscated the gold first! They took the gold at $20 and then re-priced it, because they knew what they were going to do. The reason they did it was because they wanted all commodity prices globally to go up.

Nothing happens in a vacuum. Nothing happens that's not part of a bigger picture.

The reason Roosevelt did that in 1933 is not because he wanted the price of gold to go up; he wanted the price of cotton, oil, steel, and coal etc. to go up. The minute he took gold up, from $20 to $35, it worked. We had a huge stock market rally in 1933, and the economy improved significantly from 1933 to 1936. That was a big recovery in the middle of a depression, but it was because they were successful in creating inflation by re-pricing gold, and everything went up. Then we went into a second recession in the Depression, 1937, which had a separate set of causes. My point being, this is not a theoretical exercise or fantasy. It's exactly what happened, and it'll happen again — not because I have a crystal ball, but because it's the only thing that works. If you get that kind of deflation, it means you've tried everything and failed, so you do the one thing that's guaranteed to work. Re-pricing gold is guaranteed to work.

If you wake up one day and gold is three times higher, expect to pay three times more for a quart of milk. It just means your money went down by two-thirds. By the way, the best performing stock on the New York Stock Exchange in the 1930s was Home stake Mining. The whole stock exchange went down, and the biggest gold mining company in North America went up for the same reason – because they were mining gold. So, number one, there is a concrete, historical example of this actually happening.

Example number two involves the biggest, smartest buyer in the world, which is China. They took 600 tons of gold from the Perth Mint at the lows of about $1,250 in June. They absolutely just drilled it. If you think China are dopes, then fine, but I don't think they're dopes. I think they know exactly what they were doing. When you see the biggest buyer in the world buying at the lows, you ought to think that maybe you ought to buy at the lows. In other words, buy the dips. That's what I do.

Every time I see gold at $1,200 or $1,320, I go out and buy some more, and when I have the opportunity, I just keep accumulating. Gold is going to go higher one way or the other, and when it comes, you actually might not be able to get the physical.

I agree that this is a hard sell, because people have very short attention spans. They focus more on nominal prices than real prices. Trying to sell people on something that might be going down is a tough sell, for very understandable reasons. You just have to say, hey, everything else you want might go down more! - Jim Rickards, interview with Anglo Far East

Has America Been Set Up As History's Ultimate Bumbling Villain?

Frederic Bastiat on Lawful Plunder

"Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter -- by peaceful or revolutionary means -- into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it."
-- Frederic Bastiat

Wednesday, September 25, 2013

Stunning Libor Fraud Admissions: "As For Kick Backs We Can Discuss That At Lunch" And Much More

Silver & Gold - Hidden Secrets Of Money 3 - Dollar Crisis To Golden Opportunity - Mike Maloney

Peter Schiff Was Right - 'Taper' Edition

Peter Schiff and I were right all along.  The Fed is trapped so they cannot taper QE.  And if they had tapered, markets would crash, and they would have to reverse course and gin up QE even more.  Which means they lose whatever little credibility they have left.

But the Fed and all the experts have to jawbone tapering/ending QE.  Hell, they've been cheerleading economic "green shoots" since the recession "ended" in 2009.

I like how the consensus mocked Schiff, as they did in 2006 when he rang the alarm bells.  And then the clowns, er...the "pundits" on CNBC have the gall to say "nobody saw it coming."  What a bunch of shills...

Janet Yellen will regret winning the appointment as Fed Chairperson because the USS Titanic will sink on her watch.

The Shocking Truth About Secret Documents & The CFTC

Massive Sovereign Bid In The Gold Market At This Price Level

CFTC can't stop market rigging when U.S. government does it -- it's the law

U.S. ends long-running silver market probe, taking no action

Another circus cluster**** between the CME, COMEX, CFTC, and JPMorgan ends with no action taken.  As GATA states, this non-action surprises no precious metals stacker.  CFTC Chairman Gensler is a complete shill.

Keiser Report: Banksters' God Complex

Current Debt Trajectory Will Lead To Western Disintegration

James Rickards: “When The International Monetary System Collapses—It’s Going To Be About How Much Gold You Have”

Monday, September 23, 2013

The Big-Picture Economy, Part 1: Labor, Imports and the Dollar

Quantitative Easing Worked For The Weimar Republic For A Little While Too

Bitcoin: As Good as Gold?

Dollar crash now or crash later. How long can gold be kept in the box?

Chinese Housewives vs. Goldman Sachs: No Contest

Two Astonishing Charts Show Gold & Silver Now Ready To Soar

Anna Chapman: "Snowden, will you marry me?!"

The surreal got surrealer.  Chapman was a "spy" also.

The Men Who Stole $16 Trillion from America

Banning Gold Coins & Confiscating Coins From Safe Deposit Boxes to Help the Economy

This Will End In Catastrophic Collapse & Tragedy For The West

Three-Star General: Muslim Brotherhood Has Infiltrated Pentagon, DOD In ‘High Security Clearance’ Positions

Marissa Mayer: 'It's Treason' For Yahoo To Disobey The NSA

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Five Years After Lehman, BIS Ex-Chief Economist Warns "It's Worse This Time"

Sunday, September 22, 2013

Jim Rickards: We're Witnessing One of the Greatest Failed Experiments in Economic History

What The Big Money Is Doing After The Fed’s Historic Decision

Warren Buffett: "The Fed Is The Greatest Hedge Fund In History"

A hedge that is massively over-levered....gee, this will end well.

Monetary inflation prospects

Venezuela Seizes Toilet Paper Factory Amid Fears Of US Sabotage

I wasn't kidding when I posited that there would be shortages of many essentials--including toilet paper--during times of economic distress.

Marc Faber: "Fed's Neo-Keynesian Clowns... Are Holding The World Hostage"

Typical Faber rant--it's beautiful.

Dangerous Fed Manipulation, Desperation, Propaganda & Gold

Obama Claims Raising Debt Ceiling Doesn't Boost Debt

Albert Edwards Asks You To Spot The Difference (Hint: There Isn't One)

Bank of America Closes Silver Short, Says Bearish Precious Metal View Was "Incorrect"

SEC Head Recused Herself From JPM "Whale" Vote Due To Conflict Of Interest

Wall Street and the SEC is a ****ing circus.

To challenge these statements is blasphemous

Saturday, September 21, 2013

Janet Yellen: What A Horrifying Choice For Fed Chairman She Would Be

Guess What The Fed's Original 2013 GDP Forecast Was

Fed's non-tapering of QE caught almost everyone by surprise.  Not me--I've said all along:  QE to infinity, remember?   Besides, even a taper means QE will continue, albeit at a slower rate, but it's not an end to QE--nor is it a reversal.

The Fed predicted 2013 GDP growth of 4.2%. Actual GDP growth is 2.1%--and sinking.  So for those who argue the Fed is losing credibility, I would add they lost it a long time ago.

Majority of Americans say banks, large corporations benefitted most from U.S. economic policies

The other 30% of Americans must be dumb, blind and deaf.

David Stockman on "Calamity Jane" Yellen

Gold, Einstein And The Great Fed Robbery

BTFATH Is Here; 2nd Lardest Equity Inflows Since 2000 Bubble Poppef

Barack Obama: "We're Not Some Banana Republic, This Is Not A Deadbeat Nation"

So if the US doesn't want to be a deadbeat nation, it should go further into debt--as it has for decades?  OK, got it.

Chiquita republic here we come...


The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
- From Sen. Obama’s Floor Speech, March 20, 2006

The Case for Investing in Gold

How the Economic Machine Works

'Al-Qaeda and Al-Nusra in Syria may have significant amounts of sarin'

Dollar no longer primary oil currency as China begins to sell oil using Yuan
"The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.

"This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar."

"Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product."

"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar."
- Lindsey Williams

G20: The new Bretton Woods?

Those alleging price manipulation of the commodities complex by western banks were labeled conspiracy theorists.  Well, now the G-20 countries are making the same allegations.  Should they wear tin foil hats also?

The rest of the world has seen enough.  It's only a matter of time before Americans start waking up.

QE to Infinity

Click on Image to Enlarge

Jim Sinclair's MineSet quote

In the US, the Patriot Act allows for the contents of safety deposit boxes to be seized without a search warrant when its deemed to be a matter of ‘national security’. In the event that we have a systemic banking crisis we could easily see such laws invoked and your assets will be at risk. Jim strongly advocates that you remove all third parties between you and your investments. If you cannot store them personally I would certainly seek storage outside of the system. There are potential options available for international storage that are not expensive. Please let me know if that is of interest to you.
- Peter Mickelberg

This Chaos Is All Part Of The Move To A New Financial System
The reason I bring this up is back in the days of the French Revolution, when they brought in the assignat paper currency, which eventually imploded and went the way of all of the other paper currencies in history, they passed a law that if you tried to pay your debts in gold or silver you would face execution.  Well, the people just ignored it (laughter ensues) because they were believers in gold and silver and not believers in paper.

When the assignat paper money inflation ended in France, what happened was they took the unprinted bails of soon-to-be fiat paper money, all of the money that had recently been printed at the mints, as well as the printing presses and the plates, and they took them all to the Place de la Concorde in Paris.  In front of a huge crowd they smashed the printing presses and plates with sledge hammers and then set fire to everything else in a huge bonfire.  This was to signify the end and that they were not going to print fiat paper money anymore.

Man Who Predicted No Fed Tapering Now Says To Expect Chaos

This Week Was A Disaster And It Will Lead To More Tyranny

Thursday, September 19, 2013

Bail-out Is Out, Bail-in Is In: Time for Some Publicly Owned Banks

Availability of Funds

Big Banks and Derivatives: Why Another Financial Crisis Is Inevitable

How to Explain the Crash to Your Barber

Surviving Whole Foods

Canadian billionaire predicts end of US Dollar as world's reserve currency - Ned Goodman lecture

CFTC Seeks Admission Of Market Manipulation From JPM; Jamie Balks

Jamie Dimon and Blythe Masters of JPMorgan will burn in hell.

Who Leaked The FOMC Statement To Gold Traders?

Five Years Of Hard Work By The Federal Reserve

Marc Faber Warns "The Endgame Is A Total Collapse - But From A Higher Diving Board Now"

Fed Disaster To Destabilize Markets & Send Gold Soaring

Historic Fed Failure Continues Destruction Of The United States

“Major Shortage Of Physical Gold” Has Fed Greatly Concerned

Here’s Why There Is A War In Gold Near The Key $1,300 Level
The prevailing wisdom is that the financial crisis is behind us.  In part, the belief is that time & distance alone have sufficiently insulated us from further market turmoil.  Yet, time & distance have simply allowed for massive accumulation of debt, an ever- expanding Fed balance sheet with no realistic (sans-market-shock) exit plan, nothing more than a bad comb-over for the Real Estate sector, zero resolution to unfunded liabilities/entitlement programs, record disability & food stamp recipients, record low labor force participation rate, stressed states/municipalities, a five-fold increase in federal student loan debt, a surge in margin debt, foreigners selling our debt at a steady clip, etc.  Old and new bubbles and troubles everywhere.

There Is Now A Danger That “All Hell Is Going To Break Loose”

Wednesday, September 18, 2013

Historic Fed Decision’s Impact On Gold & Major Markets

Fed Doesn't Taper: Gold Surges

Click on Image to Enlarge
Ben Bernanke announced the Fed won't taper QE, which is what I've been predicting all along.  Despite continually overstating GDP growth, QE is in place to prop up a malignant banking system.  It does NOT promote economic growth, despite what the financial cheerleaders proclaim.  Remove or taper QE, and the house of cards collapses.

Even whispers of a taper produced a plunging equities market earlier this summer.  An actual unwinding of Treasury bond and mortgage-backed securities purchases would spike 10-year yields, which nobody wants, especially the housing industry.  Hence, a taper today would require additional debt monetization down the road, which would destroy whatever little credibility the Fed has left within capital markets.  QE to infinity, bitchez!

Meanwhile, gold surged.

Convoy to D.C. – Truckers To Shut Down America in October

The Other Reason Why Gold Bullion Prices Could Skyrocket

Sunday, September 15, 2013

Ron Paul on American Exceptionalism: Inspire Other Countries; Don't Threaten or Attack Them

Meet Hacking Team, the company that helps the police hack you

BIS veteran says global credit excess worse than pre-Lehman
“This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

“All the previous imbalances are still there. Total public and private debt levels are 30pc higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets that are ending in a boom-bust cycle,” said Mr White, now chairman of the OECD’s Economic Development and Review Committee.

The BIS enjoys great authority. It was the only major global body that clearly foresaw the global banking crisis, calling early for a change of policy at a time when others were being swept along by the euphoria of the era.

Mr White said the five years since Lehman have largely been wasted, leaving a global system that is even more unbalanced, and may be running out of lifelines. “The ultimate driver for the whole world is the US interest rate and as this goes up there will be fall-out for everybody. The trigger could be Fed tapering but there are a lot of things that can go wrong. I very am worried that Abenomics could go awry in Japan, and Europe remains exceedingly vulnerable to outside shocks.”

Mr White said the world has become addicted to easy money, with rates falling ever lower with each cycle and each crisis. There is little ammunition left if the system buckles again. “I don’t know what they will do: Abenomics for the world I suppose, but this is the last refuge of the scoundrel,” he said.

Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2
In early April, the status quo was exuberant when none other than Goldman Sachs issued a "sell" on the barbarous relic that has become so indicative of the exuberance of central planning. At the time, we were skeptical (to say the least) and, just for extra Muppetting, the bank also suggested its clients buy Treasuries. Well, now that the full details of holdings changes have been released for Q2, it is perhaps clearer than ever before that as the bank was telling its clients to "sell, sell, sell" it was itself "buy, buy, buy"-ing the Gold ETF (GLD) with both arms and feet. In Q2, Goldman Sachs added a stunning (and record) 3.7 million 'shares' of GLD. As Paulson dumped his GLD, Goldman lapped it up to become the ETF's 7th largest holder.

Maguire - Fed, LBMA, Comex & Banks On The Edge Of Disaster

Exchange Stabilization Fund

Not only does the US Treasury manipulate financial markets, it's in their charter.  Instead of telling us conspiracy theorists to remove our tin foil hats, maybe the skeptics should put theirs on.
The Exchange Stabilization Fund (ESF) consists of three types of assets:  U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.  The financial statement of the ESF can be accessed at "Reports" or "Finances and Operations."

The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary").

The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources.

The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities.

Saturday, September 14, 2013

White House Scraps Option For Labor Union Obamacare Exemption, Despite AFL-CIO Anger

Mass Delusion and the Myth of Deleveraging

The 7 Choices Left to the Military-Industrial Complex

More Fallout - Crushing JPM Gold & Silver Whistleblower News

Michael Pento always calls it as it is, which is why he is no longer a regular guest on Bloomberg News or CNBC.  Mainstream financial media outlets only want cheerleaders and Wall Street charletans.

Margin Requirements For Non-Centrally Cleared Derivatives
4.1 National supervisors should develop their own list of eligible collateral assets based on the key principle, taking into account the conditions of their own markets.  As a guide, examples of the types of eligible collateral that satisfy the key principle would generally include:
* Cash;
* High-quality government and central bank securities;
* High-quality corporate bonds;
* High-quality covered bonds;
* Equities included in major stock indices; and
* Gold

Hank Paulson: Another Financial Crisis Is 'a Certainty'
Paulson believes there will be another financial crisis.
"It’s a certainty. As long as we have markets, as long as we have banks, no matter what the regulatory system is, there will be flawed government policies. Those policies will create bubbles. They will manifest themselves in a financial system no matter how it’s structured and how it's regulated.

Why Deflation Is Good for Precious Metals

Laughing In The Face Of Silver Downgrades

Goldman Sees Risk of Gold Below $1,000 on U.S. Economy

Here is another round of Wall Street firms downgrading gold's prospects.  Their thesis is the global economy is growing again, the US will require less debt monetization due to an improving economy, and all is good.  Exploding debt levels are no longer a problem, and neither are the dormant toxic derivatives buried off-balance sheet.

Yet, it is a given that the US will raise their debt ceiling. OK, got it...

The enemy whose name we dare not speak

Turkish prosecutors indict Syrian rebels for seeking chemical weapons

Friday, September 13, 2013

Why Banks Failed

Spot The Lack Of Difference

Nah--markets are free and aren't manipulated at all...haha

Troops oppose strikes on Syria by 3-1 margin

COMEX Deliverable Gold Bullion Plunged By 78% in 2013 - Claims Per Ounce Highest On Record

Arena Goes Direct To Consumer In Oprah Spread

Consumer Confidence Collapses - Biggest Miss On Record

In Case You Blinked and Missed It, Ron Paul Seems To Have Gone Mainstream

Average Annual CPI

Click on Image to Enlarge

FDIC and Bank Deposits

Click on Image to Enlarge

Billionaire Sprott Issues Warning To Western Central Planners

This Is Why The Price Of Gold & Silver Was Crushed Today

Billionaire Sprott - Metals Smashed As West Hemorrhages Gold

Summarizing The Latest BPR

Sound Money: Gold Price Suppression

Wednesday, September 11, 2013

People Can’t Get Their Gold Out Of GLD As Inventories Plunge

Amazing - GLD ETF Tells Customers You Can’t Have The Gold

Let me blunt in my summary of this interview you are about to read, and forgive me for being redundant, but people don't absorb what they don't want to absorb.

FOR EVERY OUNCE OF PHYSICAL GOLD IN COMEX DEPOSITOR VAULTS, THERE ARE 55 PAPER CLAIMS AGAINST IT.  Which means out of 55 people who believe they own gold, only 1 can take physical delivery of it--if everybody demanded delivery simultaneously.  The other 54 are screwed, in other words.  Small holders of GLD have never been able to take delivery, but now large holders are being denied delivery requests, indicating stress in the physical markets, as more investors are doubting the integrity of the precious metals sector.

This is a result of our fractional reserve gold system, similar to our fractional reserve banking system.  Only with gold, there is re-hypothecation of a physical real asset--namely gold bullion.  With the global banking system, it's leveraged credit on top of credit--another Ponzi scheme of derivatives with a notional value of $1.2 quadrillion.  That's $1,200,000,000,000,000.

Your take-away message is buy physical gold and silver coins and bars.  Avoid futures contracts, ETF's, over-the-counter derivatives, or any paper asset which "represents" precious metals.  It's virtual, and when you need your gold and silver, these paper assets are merely empty claims.

And Now The Unions Are Angry At Obamacare: AFL-CIO To Press For Healthcare Law Changes

West Now Engaging In Psychological Warfare As It Implodes
The real problem the central planners have here is that the people who buy physical gold and silver are incredibly resilient when it comes to these attempts at psychological warfare by the central planners, which use the mainstream media as a weapon in the war, and so they just continue to buy more physical metal as the prices are taken lower.

What I am saying is these manipulations have been incredibly destructive for the central planners, but they are desperately trying to save face here.  Well, guess what?  At some point they are going to get overrun, and that surrender is going to be a breathtaking sight to behold in terms of the subsequent gold and silver price action.

For all of those gold and silver investors that can stop the psychological warfare from causing them to react emotionally, and simply use these pullbacks to add to positions, they are going to benefit from what will literally be the greatest wealth transfer in the history of the world.

Tuesday, September 10, 2013

Silver Prices - How High Could They Go?

And now it's global COOLING! Record return of Arctic ice cap as it grows by 60% in a year

Congress, Obama, Military Industrial Complex, Stimulus Cartoon

Click on Image to Enlarge

If Employment Is So Great, Why Are Withholding Taxes Declining?

Lies, damned lies,...and statistics.

Fed Uberdove Admits Policy Causes Asset Bubbles (And They're Here To Stay) - Full Speech

So the blogosphere was demonized for being crackpots when we alleged the Fed was creating asset bubbles and collapses with QE and zero interest rate policies.

Well, now, the Fed itself admits guilt.  Again, to my critics:  too bad for you.

Obama Far From Approval on Syria Vote

Kerry Tells Lavrov Chemical Disarmament Demand Was "Rhetorical", Not Meant To Be Proposal

Peace On Earth--from the White House

The White House is honoring former President Woodrow Wilson with it's "Peace On Earth" campaign.  Didn't Wilson preside before and during World War I?  Weren't the Federal Reserve Bank and the income tax code created during Wilson's presidency?

How has this not led to outright revolution yet?

Remarkably 3 Sources Now Buying Entire World Gold Production

Sunday, September 8, 2013


Police State Too Much? Send in a Marine!

JPMorgan Closes Precious Metals Sell Recommendation, Goes "Tactically Overweight" Commodities

LOL--nah, no one saw this coming, right?

Government Theft, Gold, Silver & A Chart That Will Shock You

Remember when the "experts" told people to sell gold and silver a couple months ago? Here is a relative performance chart of each asset class. Guess which two did well?
Click on Imge to Enlarge

Spotted Near The US Embassy In Lebanon

Notice the corporate and banking logos in the background of the burning poster.
Click on Image to Enlarge

How Many Treasurys Do Russia And China Own?

Porn Shutdown Shock Won’t Stop Fed From Tapering

The Great Rotation Out Of Actors And Into Waiters

Math Not Allowed In McDonald's New "Dollar Menu"

No wonder why Americans are poor at math.  At McDonald's, some items on their $1 menu are priced up to $5.  #trueinflation

Direct link between Assad and gas attack elusive for U.S.

Saturday, September 7, 2013

IBM Terminates Company-Sponsored Retiree Health Plan Due To Soaring Costs

Who Is Going To Buy Our Debt If This War Causes China, Russia And The Rest Of The World To Turn On Us?

As usual, the war-mongers don't have a f***ing clug on the unintended consequences of the US unilaterally attacking Syria.  By doing so, the US would bury its own economy and collapse the global banking system.  It would be 2008 times ten.

The US itself would be a post-industrial, fourth world country if that were to happen.  In other words, we would become the poor bastards who we conveniently label third-world middle Eastern and African countries--a banana republic which perpetually issues sovereign debt which will never be repaid.

Putin: Russia doesn't defend Assad, we defend international law

Russia, China Close In On Multi-Billion Dollar Gas Deal

This bilateral trade agreement between Russia and China is another death knell for the USDollar as a reserve currency.

Top Economist Predicts Increased Gov’t Theft & Surge In Gold

As The Fantasy Dies, Panic Will Ensue & Gold Will Soar

The Decline And Fall Of The Dollar & The USA

Who is Ann Barnhardt

Friday, September 6, 2013

This Is Why Gold Will Soar To $2,500 & Silver Will Spike To $70

Memories of Stasi color Germans’ view of U.S. surveillance programs

A former member of Stasi compares NSA surveillance to Stasi on steroids.
Wolfgang Schmidt was seated in Berlin’s 1,200-foot-high TV tower, one of the few remaining landmarks left from the former East Germany. Peering out over the city that lived in fear when the communist party ruled it, he pondered the magnitude of domestic spying in the United States under the Obama administration. A smile spread across his face.

“You know, for us, this would have been a dream come true,” he said, recalling the days when he was a lieutenant colonel in the defunct communist country’s secret police, the Stasi.

Read more here:

July Chinese Gold Trade Charts

Thursday, September 5, 2013

The Real Carnage The World Will Have To Face Is Still To Come

Maybe This Is Why We Now Have a Serial-Bubble Economy

Purchasing Power of the USDollar vs. Gold and Oil

Click on Image to Enlarge

10 Chemical Weapons Attacks the U.S. Government Doesn’t Want You to Know About

A 'Textbook' Case Of The "Untenable Trajectory" Of Inflation

These False Flags Were Used To Start A War

Germans Hide Cash in Diapers as Swiss Secrecy Crumbles

Historic Event As Gold Slips Into Backwardation Once Again

Wednesday, September 4, 2013

China ‘Catastrophe’ Hits 114 Million as Diabetes Spreads

The Recovery Is Here: Spot The Outlier

Russia Chemical Attack Probe Shows "Weapons Similar To Ones Made By Rebels"

Is The United States Going To Go To War With Syria Over A Natural Gas Pipeline?

The Syrian War What You're Not Being Told

A Legend Reveals Why He Likes Gold Right Now

Despite Pullback, Gold & Silver Action Remains Constructive

Who The US Imports Crude Oil From

Take Your Money Out of the Bank!

Coming Collapse To Usher In A Sinister “New World Order”

Tuesday, September 3, 2013

Why Did Obama Choose Syria?

The answer is obvious:  oil.  But the question is thought-provoking.

No Electricity Or Toilet Paper Is A Small Price To Pay For "All Time Highs"

Venezuela's stock market has been the best performing index in 2013--at least in nominal terms.  The problem is the country is so impoverished that essentials like toilet paper and electricity are in short supply.

Why, one may ask?  Because in real-terms, the Venezuelan economy and the Caracas Stock Market is collapsing, as their currency is in free fall.

The same is happening in Japan, the UK, the US, Europe and in all sovereign countries with a money printing press--even though it may be subtler and imperceptible on a day-to-day basis.  But make no mistake:  currency devaluation impoverishes the masses in the long run.

Obama Has Decided That It Is Safer To Buy Congress Than To Go It Alone — Paul Craig Roberts

This former Establishment Assistant Secretary of the US Treasury is firmly anti-Establishment with his current views.

This Is Why The Price Of Gold & Silver Exploded Higher Today

Incredibly Dramatic Developments Happening In Gold & Silver

The G20 summit’s gonna be tough for Obama…

Citing Obamacare, 40,000 Longshoremen Quit the AFL-CIO

Did the White House Help Plan the Syrian Chemical Attack?

Treasury Yields Spike Most In 2 Months; 10Y Closes In On 3%

Syrians In Ghouta Claim Saudi-Supplied Rebels Behind Chemical Attack

Footage of Crisis Actors Surface from Egypt and Syria Riots

Anderson Cooper and CNN have been caught staging fake news about Syria to justify military intervention

Military Revolt Against Obama’s Attack on Syria

Harvard Research Shows 'Guns Don't Kill People, People Kill People'

Monday, September 2, 2013

Will Congress Endorse Obama's War Plans? Does it Matter?

Fiction, Fact... Or Scandal?

Minimum wage fight comes to the Minnesota State Fair

Meanwhile, in Minnesota, another union-backed labor strike looms, as workers demand higher wages.

Gold Mining Strike in South Africa to Start Sept. 3 Over Pay

Generally speaking, more labor strikes are popping up globally, as cost of living pressures keep climbing.  Specifically, this bodes well for higher gold prices, as production declines and labor costs rise.

Wave of fast food strikes hits 60 cities

It's not just platinum and gold mining workers from South Africa striking; it's also BART workers in the San Francisco bay area.

Now, fast food workers all across America are demanding hiring wages.

Inflation will soar, and by honest calculations, we already have inflation--hence, the wage strikes.  Meanwhile, the government's BLS continues to pump out understated CPI numbers to mask true inflation.  If the cost of living was so tame, why are workers globally demanding huge wage increases?

The authorities insist inflation is tame--and that we need HIGHER inflation in order to stimulate the economy.  This is a classic case of "be careful what you wish for," because while the velocity of money is dormant, the monetary base is exploding due to the Fed's easy monetary and zero interest rate policies.

Once inflation truly kicks in, people will sense this and spend their fiat currencies as quickly as possible, thereby escalating money velocity, which could very well spark inflationary pressures.  Labor cost pressures are the biggest triggers for spiraling inflation, as they are embedded in every corner of our economy.

In Bernanke's zeal to defeat the deflationary pressures of the Great Depression, he is hellbent on sparking something far worse:  hyperinflation.

Gold and Economic Freedom

It is hard to believe former Fed Chairman Alan Greenspan wrote this, but that he did in 1966--BEFORE he was Fed Chairman.
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society. 

Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.

Putin to (Nobel Prize winner) Obama: 'Think about future Syria victims'

I hate to say it, but Putin makes sense.

Stock picks from Fed officials

This is interesting given the Fed is anti-gold--at least in rhetoric.
Richard Fisher, president of the Dallas Fed, is one of the richest of the 12. He accrued a portfolio of at least $21 million after working 22 years in the financial industry as a banker, stock broker and hedge fund manager.

Fisher owns more than 7,000 acres in Texas, Georgia, Iowa and Missouri, in addition to more than $1 million in SPDR's Gold Trust (GLD), and at least $50,000 in platinum and uranium each.

The State’s Dumb Strength

Kerry's cosy dinner with Syria's 'Hitler': Secretary of State and the man he likened to German dictator are pictured dining with their wives at Damascus restaurant before civil war broke out

Click on Image to Enlarge

Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2

This is just another episode of the Wall Street head fake, instituted by none other than Goldman Sachs.  The "vampire squid" investment bank was publicly telling clients to sell short gold, even while they were surreptitiously buying the GLD ETF for their proprietary trading desk.

As I've posted many times, regarding Goldman Sachs, "Do as I do, not as I say" would be sage advice for any observers.

Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria

Russian's were robbed from the collapse of Cyprus banks and subsequent theft of depositor funds in a "bail-in" earlier this year.  However, the silver lining for Russia is they now have ownership in Cypriot assets, something they have coveted for years but have not been able to achieve.  Now they have a strategic foothold in the Mediterranean.

The Terrible Future Of The Syrian War

Mapping America's Dwindling Invasion Coalition

Market Update: Silver And Stocks Surging; Bond Bulls Purging

With US traders on Labor Day Holiday, silver surged in overnight (Asian and London) trading.  Tonight may be another interesting trading day before the price suppressors hit the red button tomorrow morning.

Asian bonds tumble below par in capital flight

Bloomberg took down an article on the bond markets imploding in Asia, with fears of Fed tapering QE.  The conspiracy theorists will claim the powers-that-be don't want to cause panic in global bond markets.  Give me that tin foil hat.

Fortunately, GATA has the text.

Of bullion, backwardation, and Buffett

The Class-Backed Dollar
The span labeled middle class America were years when society was “without extremes of wealth or poverty, a society of broadly shared prosperity, partly because strong unions, a high minimum wage, and a progressive tax system helped limit inequality.” But the odd thing about it — about Mr. Krugman’s column — is that he fails to mention one other feature of the period. The dollar was defined as a matter of law through most of the period as being a 35th of an ounce of gold. Mr. Krugman’s chart shows the American middle class period running from the 1930s right up until the early 1970s.

What brought that era to an end? Well stub our toe if it wasn’t the beginning of the period of fiat money. This is the period in which Congress stopped defining the dollar in terms of gold and turned to the concept of fiat money, when the dollar was whatever the Federal Reserve said it was and was, in any event, convertible into but another piece of government issued scrip. Mr. Krugman calls the period “the great divergence.” We call it the fiat years, when the value dollar has collapsed to, at last check, less than a 1,385th of an ounce of gold. So here's the real scoop: If the Times wants to recapture the era when the middle class soared, history suggests the thing to do is to define the dollar not in terms of employment or gender or class but in terms of gold.

Sunday, September 1, 2013

UCSB Study Reveals That Overthinking Can Be Detrimental to Human Performance

More Evidence That JPM Has Cornered Comex Gold

Jamie Dimon Has Issues (or Meet The Idiot Selling Gold)

Yes, the GLD ETF is not 100%-backed by gold, as this author declares, but it doesn't take belief in a conspiracy theory.  It's stated in the GLD prospectus.
The amount of gold represented by the Shares will continue to be reduced during the life of the Trust due to the sales of gold necessary to pay the Trust’s expenses irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of gold.
Meanwhile, around the April shakedown in gold, JPMorgan was bleeding gold to other bullion banks.  Since then--and after the spot price collapsed, JPMorgan has flipped and hoarded gold, driving prices back up.

'Give Our Gold Back' campaign launched in Poland

One-by-one, individual countries are demanding repatriation of their national gold reserves.  They're starting to realize the gold vaults in London and New York may be empty.