Friday, October 25, 2013

While Bernanke May Not Understand Gold, It Seems Gold Certainly Understands Bernanke

Saudi Arabia warns of shift away from U.S. over Syria, Iran

The Ongoing War In The Gold Market Continues To Rage

Staggering Physical Gold Demand Now Overrunning Shorts

Here Is The Surprising Reason Gold Is Soaring Again Today

The Frightening Truth About China’s Control Of The US

Thursday, October 24, 2013

World Just Witnessed A Stunning Watershed Moment In History
“Well, I think the Fed needs to do whatever is necessary to help meet our dual mandate objections.  I don’t really think about it as far as limits are concerned because I think there is a tremendous amount of capacity.  We can go as long as necessary.”

De-crowning the dollar, and the 'collapse' ahead

A Great Inflation Is Coming That Will “Shock The World”

Man Who Predicted Surge In Gold Says Rally Just Beginning

Here Is The Shocking Reason Why Gold Is Soaring Today
...the West is literally running out of physical gold.

This Has The “Money Masters” Of The World Truly Terrified

We Are Looking At A Frightening End Game
The reality here is that once a nation or nations go past a certain point, there is no turning back.  You have to either destroy the debt structure, which is a hard-debt deflation, or you destroy the currency by printing more and more until you see a hyperinflationary collapse.  There will be no other possible outcome to this scenario other than the horror of what I just described to you.  Regardless, one way or another we are looking at a frightening end to all of this.”

Fed likely to delay taper after disappointing US jobs data

Fed will delaying tapering of QE.  Really?  I'm shocked. (sarcasm intended)

Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis

Even Australia is joining the debt party.

Sunday, October 20, 2013

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault

If you can't gain access to the gold, buy the vault.

Tentative Deal Hands JPMorgan Chase a Record Penalty

Creeping Capital Controls At JPMorgan Chase?

How To Survive The Coming Financial Chaos In The US

Saturday, October 19, 2013

People In Asia Are Staggered At What’s Happening In The West

Billionaire Sprott Says Gold & China To Dominate The World

All Hell Will Break Loose And It’s Going To Be “Pandemonium”

Pillaging the GLD

China and Gold

Short Selling Banks Covering on Gold?

Billionaire Sprott Asks How Will People Survive What’s Coming?

Maguire Predicted Gold Surge - Now Says West Is Collapsing

This is as must-read by Andrew Maguire, London gold trader and whistleblower.  Keep stacking.

Tuesday, October 15, 2013

China Enjoying Gold Clearance Sale

Bullion banks “selling gold they don’t possess”. Squeeze alert!

China's Gold Obsession Goes Beyond Stocks And iPhone5s

The sun is setting on dollar supremacy, and with it, American power

U.S. May Join Germany of 1933 in Pantheon of Defaults

Lagarde Lectures Her Owner

America’s default on its debt is inevitable

Monday, October 14, 2013

This Is What Has The United States Truly Terrified

Historic Events Unfolding As West Becomes More Desperate

They’re Coming For Your Savings

Everyone The U.S. Government Owes Money To, In One Graph

Notice how the US government owes money to many different US Treasury bond holders?  Including itself?  That folks, is why this is nothing else but a Ponzi scheme.

How Much Longer Will the Dollar be the Reserve Currency?

The answer to this question will be the single most important determinant on investor outcomes over the next decade.

Chaos In 17 States Reveals Our Current System Is Finished

Sunday, October 13, 2013

U.S. fiscal failure warrants a de-Americanized world

Maguire - West Loses Staggering Amount Of Gold In Takedown

The Incredible Destructiveness Of Hyperinflation To A People

Art Cashin - Danger For The US & Strange Happenings In Gold

Gold And Silver Smash & A Nation On The Edge Of A Precipice

Maguire - The “Vampire Squid” Is Busy In The Gold Market

“The Bigger Picture For The West Is Very Grim Indeed”

Man Who Predicted Gold Takedown Says West Is In Danger

Why I Am A Terrified As I Watch The End Game Unfolding

Friday, October 11, 2013

60-Year Market Veteran Says US Is Bankrupt & Will Collapse

What Investors Must Know If There Is A “Catastrophic Event”

Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

Russia is following in the steps of China in setting up exchanges for delivery of physical precious metals.  This is one more arrow in the USDollar as the global reserve currency, as Russia and China aim to back their respective currencies with gold.

Those who fail to anticipate this eventuality will experience cataclysmic losses.

Commodity Prices Wrong as Often as 27% of Time for Traders
Libor and ISDAfix are part of a suite of financial benchmarks that underpin about $1 quadrillion of assets and trades, almost 14 times global economic output in 2012.
I wasn't kidding when I pointed out that the notional value of financial derivatives was over $1.2 quadrillion.  ISDA represents $400 trillion of interest rate swaps.  If bond yields rise appreciably, those derivatives would blow up the global financial system.

Currency Wars'Leary%2BExchange/ID/2410924796/

Thursday, October 10, 2013

Kyle Bass on US Treasury Default

In other words, all paper assets go to zero.

Wednesday, October 9, 2013

Paging Dr. Crane

This is a must-read for those wishing to avoid the Wall Street head fake.

Governments Will Start Panicking As Chaos & Crisis Accelerates

Starved of gold, Indians may import record volumes of silver

Former US Treasury Official - President To Seize Total Power

US Propaganda Is “Smokescreen” For A Catastrophic Problem

Tocqueville Gold Strategy Investor Letter Third Quarter 2013

“I Believe We Are Now Approaching The End Game”

Monday, October 7, 2013

Systems are Breaking in Treasury Bond Market-Dr. Jim Willie

“I don’t think the Fed is going to taper its bond buying. I believe they are going to double it. The Fed will say let’s continue QE, and instead of suffocation from rising rates, we’ll have drowning from rising costs. . . . They are going for drowning because it’s slower.” - Dr. Jim Willie

Russia to Grab Pension Money, Temporarily

Russia deploys bail-in and plunders pensions.

We Owe $220 Trillion - How Long Can The Fantasy Continue?

The Fed Is Going To Shock The World By Increasing QE

I agree with Pento that the Fed will be "forced" to increase QE.  The only question is "when?"  Will the Fed increase QE after dramatic losses in capital markets, in another desperate attempt to prop up equities?  Or will they just increase QE to preempt distorted markets from a corrective recalibration?

David Stockman - The Crisis Today Is Far Worse Than 1981

Fleckentstein - Gold & What Is Going To Make Stocks Crater

I Am A Terrified Observer As I Watch The End Game Unfolding

Eric King:  “How bad will this be when the West finally hits the wall?”

Rule:  “I don’t know, and I don’t know when it will come.  The US can renege on a whole bunch of social promises.  What scares me is that the dialogue isn’t even dealing with the harsh reality the US faces in the future if radical changes are not made immediately."

All I hear is from the US officials is, ‘We can’t taper, the economy is too weak,’ and, ‘We can’t shut down the government because government provides all of these essential services.’  But the coming austerity will be very unpleasant to go through, and people are going to eventually recognize QE for what it is, which is counterfeiting.

The problem with all of the promises the politicians have made is that they are all lies.  I have advocated that people own gold and silver because at the fulcrum point of this deception on the part of the government is the currency.  You can’t have unsecured obligations on top of unsecured obligations.  And the medium for exchange of lies is fiat currency.

The idea that the gradual unraveling of these lies will result in the depreciation of fiat currencies, and the dramatic revaluation of precious metals to the upside, seems to me to be an extremely likely outcome.  I am a terrified observer as I watch the end game drawing to a close.  But I will tell you that I feel more comfortable and sleep better owning gold and silver, rather than having all of my savings in fiat currencies, which are the unsecured obligations of bankrupt, or soon to be bankrupt borrowers."

The US Is Going To See A Monster Collapse - One For The Ages

David Stockman - This Financial Collapse Will Be Catastrophic
Eric King:  “How frightening will that period of chaos you just described be for investors?”

Stockman: “There is every reason to believe that it will be outside the range of prior experience.  Once it is clear that the Fed is out of ammunition, I think it’s going to cause an even greater wave of panic than we had last time (in 2008).  I think it’s a ship of fools (the Fed).  They have enormous power over the entire financial system, not only domestically, but over the entire global system.  It tells you why this doctrine of monetary central planning is so destructive and dangerous.  No twelve people should be in a position to unleash this kind of turmoil.”

Eric King:  “In the 1970s we saw the 25-fold move in gold, before you guys (Stockman, Volcker & Dr. Roberts) rescued the system.  But this time around we’ve already seen gold up almost 800% (at the peak in 2011).  It almost sounds like gold could repeat or even outperform what we saw in the 1970s as this chaos really starts to unfold.”

Stockman:  “The upside for gold is unfathomable.  If the monetary system really unwinds because the central banks take it to the edge, and over, there’s no telling how far gold could rise.”

Thursday, October 3, 2013

Banca d'Italia says gold reserves key to cenbank independence

Wow, a central banker dispensing some truth serum while still in office.

In a keynote address to the London Bullion Market Association's annual conference, Salvatore Rossi, director general of the Italian central bank, told delegates that gold plays a special role in central banks' official reserves.

"Not only does it have the vital characteristic of allowing diversification, in particular when financial markets are highly integrated, in addition it is unique among assets in that it is not issued by any government or central bank, so its value cannot be influenced by political decisions or by the solvency of any institution," he said.

"These features, coupled with historic ... and psychological reasons, stand in favour of gold's importance as a component of central bank reserves," he said. "Gold underpins the independence of central banks in their ability to (act) as the ultimate bearer of domestic financial stability." 

Catastrophic Collapse To Unleash Unprecedented Chaos

Fighting for a fair game in the gold market

This is a must-view video on the surreptitious price suppression of precious metals.  Notice the interview with GATA's Chris Powell was done on CNBC Hong Kong and not on CNBC Europe or CNBC in the United States.  That is not coincidental.

Failed US Government Intervention Causing Panic Into Gold

Wednesday, October 2, 2013

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

Americans warned bank 'bail-ins' coming

I presented the bank bail-in concept several months ago, and again last week to several business groups.  It is coming.  The Cyprus bail-in was not an anomaly--it was a blueprint.

CFTC Investigation PROVES Silver Bullet Silver Shield Is Right

Man Who Predicted Gold Takedown Tells Investors What’s Next
When you combine this with extremely robust and sustained demand from China, India and other places, it will soon halt this effort to push the phony paper price lower.  At that point investors will need to go to full allocations in physical metal.

I think people like us, Eric, who are already pretty fully invested in physical gold should just relax.  Understand that what’s going on here is orchestrated and that it can’t be sustained.  KWN readers have to understand that when the US Dollar Index briefly broke below the critical psychological level of 80 on Tuesday, that is precisely when the massive intervention in the gold market began.  But, again, this type of intervention cannot be sustained for very long.

So as long as you’re not invested on leverage, and I’ve never encouraged your readers or listeners to use any leverage in their positioning in gold, you will be fine.  As long as this is money that investors have put aside for long-term investment purposes, which is what I’ve always encouraged, they are going to be well positioned.  The sociopaths that are gaming these markets are rapidly running out of ammunition.  As gold eventually bottoms and finally begins to turn, you are going to see one of the most spectacular rises in the history of any market.