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Sunday, November 17, 2013

Gold World News Flash

Gold World News Flash


Gold And Silver – When Fundamentals Fail And Charts Prevail

Posted: 16 Nov 2013 11:30 PM PST

by Michael Noonan, SilverBearCafe.com:

There is a decline in the number of reads in our articles that do not provide a fully developed “fundamental” story about why gold and silver should be much higher in price, [but are not]. Relying upon charts to more accurately capture the developing “story” does not capture the imagination of as many readers, for whatever reason. We attribute this to Confirmation Bias where a reader wants to read an article that confirms his/her beliefs The accuracy/validity/truth may or may not be true, but is satisfies an emotional need for affirmation.

The true story of gold and silver is a simple one. There is a recognized and acknowledged shortage of supply in opposition to the greatest demand for both precious metals, for at least in recent memory, if not all time. Current prices are in total disregard to the fixed law of Supply v Demand, or perhaps more accurately stated, in total defiance of that law. It is the most reliable of truths that when demand is in far excess of supply, price goes higher.

Read More @ SilverBearCafe.com

Not Exactly the Brightest Way to Smuggle Gold…

Posted: 16 Nov 2013 09:00 PM PST

from Sovereign Man:

Thailand is known for a lot of things– quintessential white sandy beaches, hard partying nightlife, quiet Buddhist reverence…

But what a lot of people don't realize is that Bangkok is probably one of the most important cities in the world when it comes to illegal trafficking.

Human trafficking. Narcotrafficking. Money laundering. Weapons. Forged documents. Etc.

Bangkok is just as vital to these industries as New York or London to the global financial sector.

And now, thanks to India's sagging economy, they can add one more to this list: gold smuggling.

Read More @ sovereignman.com

Guest Post: Is It Wrong To Be Anti-Government?

Posted: 16 Nov 2013 05:41 PM PST

Submitted by Brandon Smith of Alt-Market blog,

It is natural for a society to search for explanations and motivations in the wake of a man-made tragedy. It is also somewhat natural for people to be driven by their personal biases when looking for someone or something to blame. In recent years, however, our country has been carefully conditioned to view almost every criminal event from an ideological perspective.

The mainstream media now places far more emphasis on the political affiliations and philosophies of “madmen” than it does on their personal disorders and psychosis. The media’s goal, or mission, if you will, is to associate every dark deed whether real or engineered to the political enemies of the establishment, and to make the actions of each individual the collective shame of an entire group of people.

I could sift through a long list of terror attacks and mass shootings in which the establishment media jumped to the conclusion that the perpetrators were inspired by the beliefs of Constitutional conservatives, “conspiracy theorists”, patriots, etc. It is clear to anyone paying attention that the system is going out of its way to demonize those who question the officially sanctioned story, or the officially sanctioned world view. The circus surrounding the latest shooting of multiple TSA agents at Los Angeles International Airport is a perfect example.

Paul Ciancia, the primary suspect in the shooting, was immediately tied to the Liberty Movement by media outlets and the Southern Poverty Law Center, by notes (which we still have yet to see proof of) that law enforcement claims to have found on his person. The notes allegedly use terms such as “New World Order” and “fiat money”, commonly covered by those of us in the alternative media. The assertion is, of course, that Paul Ciancia is just the beginning, and that most if not all of us involved in the exposure of the globalist agenda are powder kegs just waiting to “go off.” The label often used by the MSM to profile people like Ciancia and marginalize the organizational efforts of liberty based culture is “anti-government.”

The establishment desires to acclimate Americans to the idea that being anti-government is wrong; that it is a despicable philosophy embracing social deviance, aimless violence, isolation and zealotry. Looking beyond the mainstream position, my question is, is it really such a bad thing to be anti-government today?

Conspiracy Realists

The terms “anti-government” and “conspiracy theorist” are almost always used in the same paragraph when mainstream media pundits espouse their propaganda. They are nothing more than ad hominem labels designed to play on the presumptions of the general population, manipulating them into dismissing any and all alternative viewpoints before they are ever heard or explained. The establishment and the media are ill-equipped to debate us on fair terms, and understand that they will lose control if Americans are allowed to hear what we have to say in a balanced forum. Therefore, their only fallback is to bury the public in lies so thick they won’t want to listen to us at all.

The Liberty Movement now has the upper hand in the war for information. The exposure of multiple conspiracies in the past several years alone has given immense weight to our stance, and reaffirmed warnings we gave long ago.

When we spoke out against the invasion of Iraq, commissioned by George W. Bush on the dubious claim that Iraqi weapons of mass destruction were an immediate threat to the security of our nation, we were called “liberals” and “traitors.”  Today, Bush and Cheney have both openly admitted that no WMD’s were ever present in the region. When we attempted to educate the masses on the widespread surveillance of innocent people by the NSA, some of them laughed. Today, it is common knowledge that all electronic communications are monitored by the Federal government. When we refused to accept the official story behind the Bureau of Alcohol, Tobacco, Firearms and Explosives’ Fast and Furious program, we were called “kooks”. Today, it is common knowledge that the Obama Administration purposely allowed U.S. arms to fall into the hands of Mexican cartels. When we roared over the obvious hand the White House played in the Benghazi attack, we were labeled “racists” and “right wing extremists.” Today, it is common knowledge that the White House ordered military response units to stand down and allow the attack to take place. I could go on and on…

Events that were called “conspiracy theory” by the mainstream yesterday are now historical fact today. Have we ever received an apology for this slander? No, of course not, and we don’t expect one will ever surface. We have already gained something far more important – legitimacy.

And what about Paul Ciancia’s apparent belief in the dangers of the “New World Order” and “fiat money”? Are these “conspiracy theories”, or conspiracy realism? The Liberty Movement didn’t coin the phrase “New World Order”, these political and corporate “luminaries” did:

 

 

Is economic collapse really just a fairytale perpetrated by “anti-government extremists” bent on fear mongering and dividing society?  Perhaps we should ask Alan Greenspan, who now openly admits that he and the private Federal Reserve knew full well they had helped engineer the housing bubble which eventually imploded during the derivatives collapse of 2008.

Or, why not ask the the White House, which just last month proclaimed that “economic chaos” would result if Republicans did not agree to raise the debt ceiling.

Does this make Barack Obama and the Democratic elite “conspiracy theorists” as well?

It is undeniable that government conspiracies and corporate conspiracies exist, and have caused unquantifiable pain to the American people and the people of the world. Knowing this, is it not natural that many citizens would adopt anti-government views in response? Is it wrong to distrust a criminal individual or a criminal enterprise? Why would it be wrong to distrust a criminal government?

The Purpose Behind The Anti-Government Label

When the establishment mainstream applies the anti-government label, they are hoping to achieve several levels propaganda. Here are just a few:

False Association: By placing the alleged “anti-government” views of violent people in the spotlight, the establishment is asserting that it is the political philosophy, not the individual, that is the problem. They are also asserting that other people who hold similar beliefs are guilty by association. That is to say, the actions of one man now become the trespasses of all those who share his ideology. This tactic is only applied by the media to those on the conservative or constitutional end of the spectrum, as it was with Paul Ciancia. For example, when it was discovered that Arizona mass shooter Jared Loughner was actually a leftist, the MSM did not attempt to tie his actions to liberals in general. Why? Because the left is not a threat to the elitist oligarchy within our government. Constitutional conservatives, on the other hand, are.

False Generalization: The term “anti-government” is so broad that, like the term “terrorist”, it can be applied to almost anyone for any reason. The establishment does not want you to distinguish between those who are anti-government for the wrong reasons, and those who are anti-government for the right reasons. Anyone who questions the status quo becomes the enemy regardless of their motives or logic. By demonizing the idea of being anti-government, the establishment manipulates the public into assuming that all government by extension is good, or at least necessary, when the facts actually suggest that most government is neither good or necessary.

False Assertion: The negative connotations surrounding the anti-government stance also suggest that anyone who defends themselves or their principles against government tyranny, whether rationally justified or not, is an evil person. Just look at how Washington D.C. has treated Edward Snowden. Numerous political elites have suggested trying the whistle-blower for treason, or assassinating him outright without due process, even though Snowden’s only crime was to expose the criminal mass surveillance of the American people by the government itself. Rather than apologizing for their corruption, the government would rather destroy anyone who exposes the truth.

False Shame: Does government criminality call for behavior like that allegedly taken by Paul Ciancia? His particular action was not morally honorable or even effective.  It helped the establishment's position instead of hurting it, and was apparently driven more by personal psychological turmoil rather than political affiliation. But, would it be wrong for morally sound and rational Americans facing imminent despotism within government to physically fight back? Would it be wrong to enter into combat with a totalitarian system? The Founding Fathers did, but only after they had exhausted all other avenues, and only after they had broken away from dependence on the system they had sought to fight. Being anti-government does not mean one is a violent and dangerous person. It does mean, though, that there will come a point at which we will not allow government to further erode our freedoms. We will not and should not feel shame in making that stand.

I do not agree with every element of the “anti-government” ethos that exists in our era, but I do see the vast majority of reasons behind it as legitimate. If the establishment really desired to quell the quickly growing anti-government methodology, then they would stop committing Constitutional atrocities and stop giving the public so many causes to hate them. If they continue with their vicious bid to erase civil liberties, dominate the citizenry through fear and intimidation and steal and murder in our name, then our response will inevitably be “anti-government”, and we will inevitably move to end the system as we know it.

Stunning Events To Create A Historic Financial Earthquake

Posted: 16 Nov 2013 04:30 PM PST

Today 50-year veteran Art Cashin warned King World News about the historic events taking place in the major markets, including gold. Cashin, Director of Floor Operations at UBS ($650 billion under management), also spoke with KWN about the massive accumulation of gold by the Chinese and the flow of gold from West to East.

This posting includes an audio/video/photo media file: Download Now

What Is A Gold Standard?

Posted: 16 Nov 2013 04:22 PM PST

Given our earlier discussion of Nobel winner Sargent's comments on Greece and the gold standard, and the ongoing melt-up in asset markets due to the 'limitless money-printing' of central banks around the world, we thought it worth a look at what a gold standard is (and is not). Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value.

It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Professor Larry White asks, should the United States return to a gold standard?

 

Fed can't stop easy money if Bank of Japan and ECB won't, Pento says

Posted: 16 Nov 2013 02:17 PM PST

5:18p ET Saturday, November 16, 2013

Dear Friend of GATA and Gold:

Market analyst Michael Pento, in commentary posted today by King World News, elaborates on the point made by GoldMoney research director Alasdair Macleod in his commentary this week (http://www.gata.org/node/13252) -- that the major central banks are forced to coordinate their interest-rate policies.

Pento writes: "If Janet Yellen were to start tapering the Fed's quantitative easing program while the Bank of Japan and European Central Bank kept their monetary policies intact, the dollar would soar. This would cause the new chairman to panic about deflation (deflation is public enemy No. 1, according to this new era of Keynesian central bankers) while the stock market crumbled due to downward pressure on earnings from U.S.-based multinational corporations. Of course the chances of getting the Fed, Bank of Japan, and European Central Bank to agree on tightening monetary policy in the near future are about the same as their target rate on interest rates -- zero."

Pento's commentary is posted at the King World News Internet site here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/16_T...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Not Exactly The Smartest Way To Smuggle Gold...

Posted: 16 Nov 2013 02:00 PM PST

Submitted by Simon Black of Sovereign Man blog,

Thailand is known for a lot of things– quintessential white sandy beaches, hard partying nightlife, quiet Buddhist reverence…

But what a lot of people don’t realize is that Bangkok is probably one of the most important cities in the world when it comes to illegal trafficking.

Human trafficking. Narcotrafficking. Money laundering. Weapons. Forged documents. Etc.

Bangkok is just as vital to these industries as New York or London to the global financial sector.

And now, thanks to India’s sagging economy, they can add one more to this list: gold smuggling.

Recently, India has been in a state of economic turmoil. Beset on all sides by spiraling inflation, economic stagnation, and a rapidly depreciating currency.

In response the Indian government imposed capital controls in a feeble attempt to curb gold imports and reduce its widening current account deficit.

This constitutes theft, plain and simple. By eliminating options to hold anything other than rapidly depreciating paper, Indian politicians essentially stole the purchasing power of people’s savings

India’s government banned gold coin imports outright. And tight restrictions were placed on the importation of other bullion products, replete with excessive taxation and duties to pay.

The private sector hasn’t exactly taken this lying down. History shows that whenever governments create prohibitions, smugglers and bootleggers will always step in to fill the void.

And because of its traditional gold ties, regional commerce, and generous transportation options, Thailand has now become a major transit point for international gold smuggling destined for India.

The World Gold Council recently released its quarterly data on global gold trends, and the numbers are very clear: India’s gold demand cratered, dropping 32% because of the restrictions.

In Thailand, however, gold demand is up 125% from the 3rd quarter of 2012.

I’ve noticed this on the ground; there’s been a surge of gold shops and new inventory in the marketplace, particularly the small ‘biscuit’ bars that are easier to smuggle.

Much of this is bound for India.

Indian customs officials say that the amount of gold seized has soared over 300% this year.

They claim to have found people hiding gold just about everywhere you could imagine– from airplane lavatories to betwixt their butt cheeks. Not exactly the smartest way to smuggle gold… Just imagine being the buyer of those bars!

Of course, most of the gold is making its way into the country. The borders are too porous and there’s just too many people going through.

Based on the markup that gold sells for in India and the cheap cost of air travel in this part of the world, a smuggler can net nearly $10,000 on a single trip bringing 5kg of gold into India.

That’s a fairly solid payoff for a day’s work, though there are obviously risks involved.

But as much as I admire the swashbuckling, unbridled capitalist spirit of these smugglers sticking it to politicians, there is definitely an easier way.

This whole episode really underscores the importance of having at least a portion of your gold (and paper savings) safely held overseas where your home government can’t control it.

If you have gold overseas and some funds in a foreign bank account, then your savings will be protected from the disastrous consequences of capital controls.

Digital currencies like Bitcoin may also be an alternative to paper money; they’re growing in popularity in places like Argentina where people continue to be beaten down by extractive government policies and capital controls.

Economic Metrics Are Now Used As Political Tools

Posted: 16 Nov 2013 11:29 AM PST

 

It’s now clear that the spate of positive economic data coming out of Europe prior to the German Federal Election in September 2013 was just political gaming to get Angela Merkel back into office.

 

The reasoning here is obvious: Merkel has walked a tightrope act between appearing to play “hardball” with bankrupt EU nations while effectively writing every check needed to keep the EU project together.

 

Consider that the alternative to Merkel was a completely anti-Euro party that wanted Germany out of the Euro, it’s fairly obvious who EU-leaders would be supporting during this election.

 

Germany's exceptionalism is obvious. Whereas electorates across the European Union have punished their governments for the Great Recession and the euro crisis, Germans re-elected Chancellor Angela Merkel and displayed strong support for her party, the Christian Democratic Union (CDU), in the recent election

 

Elsewhere, populist anti-European parties of the right have been gaining ground with campaigns directed against immigrants and minorities, especially Muslims….   Germany, by contrast, has no anti-European party with any serious support. Even the newly formed Alternative for Germany – which did unexpectedly well in the recent election, finishing just short of the 5% threshold needed to enter the Bundestag – insists that its anti-euro agenda is not anti-Europe. They want to end the common currency, because, in their view, it is undermining the European ideal. 

 

http://www.europeanvoice.com/article/2013/november/falling-for-germany/78619.aspx

 

Merkel’s Germany is effectively the glue holding the whole EU mess together. And it is not surprising that those EU-political leaders (PMs in Spain, Greece, Portugal, etc) in danger of being ousted by anti-Euro parties in their home countries are exceedingly “pro-Merkel.” No Merkel= no Euro = no more political career for most of this crowd.

 

Note in the below article how the improvement in unemployment for August was revised down after Germany’s elections.

 

The unemployment rate across the 17-country eurozone hit a record 12.2 percent in September, with about 19.5 million people classed as jobless by EU data agency Eurostat.

 

Thursday's figures showed the August rate had been revised up from 12.0 percent to 12.2 percent…

 

Analysts said the "revising away" in August of previous falls dented hopes of the labour market having bottomed out.

 

http://www.france24.com/en/20131031-eurozone-unemployment-hit-record-122-september

 

Economic data can be and is commonly used as a political tool. The EU is just the latest example of this. In the US we’ve seen this same game played out using GDP numbers.

 

The reason for this is that all “adjusted” GDP data involves a “deflator” metric that is meant to adjust for inflation. The Feds often use an inflation adjustment that is even lower than their official Consumer Price Index metric (which is already massaged to downplay inflation) in order to make GDP growth look greater.

 

Consider this simple example. Let’s say that the US GDP grew by 10% last year. Now let’s say that inflation also grew by 10%. In this scenario, real inflation adjusted GDP growth was ZERO.

 

However, announcing ZERO GDP growth is a major problem politically. So what do the Feds do? They claim that inflation was just 8%, and BOOM you’ve got 2% GDP growth announced for a year in which real GDP growth was actually zero.

 

Using nominal GDP, it’s clear the US is back in recession as the year over year change has brought us to a reading of sub-4. Every time this has happened in the last thirty years the US economy has been in recession.

 

 

Economic metrics have become effective tools for political propaganda. Don’t fall for them.

 

For a FREE Special Report outlining how to protect your portfolio a market collapse, swing by: http://phoenixcapitalmarketing.com/special-reports.html

 

Best Regards,

 

Phoenix Capital Research

 

The lost world of the barbarous relic

Posted: 16 Nov 2013 11:17 AM PST

It's one of the greatest ironies of history that gold detractors refer to the metal as the barbarous relic, when in fact the abandonment of gold has put civilization as we know it at risk of extinction.  

The gold coin standard that had served Western economies so brilliantly throughout most of the 19th century hit a brick wall in 1914 and was never able to recover, so the story goes.  Europe turned from prosperity to destruction, or more precisely, to the prosperity of a few and destruction of others, as the Great War got underway.  The gold coin standard had to be ditched for such a prodigious undertaking.  

If gold was money, and wars cost money, how was this even possible?  

First, people had been in the habit of using money substitutes instead of money itself - paper bank notes instead of the gold coins for which they could be redeemed on demand.  People found it more convenient to carry paper around in their pockets than gold coins.  Over time the paper itself came to be regarded as money, with the gold it represented a clunky inconvenience from the old days.

Second, banks had been in the habit of issuing more bank notes and deposits than they had gold in their vaults and would on occasion arouse the suspicion of the public that the notes were making promises the banks couldn't keep.  The courts sided with the banks and allowed them to suspend note redemption while otherwise staying in business, thus strengthening the government/bank alliance.  Since the deposits really belonged to the banks once they were deposited — said the courts — bankers could not be accused of embezzlement.  The occasional bank runs that erupted were interpreted as a self-fulfilling prophecy.  If people lining up to pull their money out believed their banks were insolvent, the banks soon would be.  Most people had no idea their banks were loaning out most of their deposits.  They didn't know fractional reserve banking, a form of counterfeiting, was the norm.

We need to remember that a counterfeiter is not criminal because he's printing his own notes; he's criminal because the notes he prints don't represent real money though they are accepted as such.  To expose the criminality of a counterfeiter and lay the blame on those who expose him is where the mainstream economics profession has stood for a long time.  But there are solid reasons for their position.

The requirement of gold coin redemption put limits on the extent of fractional reserve banking.  Such limits are not welcomed by the banks.  Since the banks can loan to the government, it means a limit on government spending.  Government doesn't like the limitation of gold coin redemption either.

Which brings us to the wall gold allegedly hit.

Preparing for war means preparing for inflation

In his 1949 book, Economics and the Public Welfare, economist Benjamin Anderson tells us:
The war [in 1914] came as a great shock, not only to the masses of the American people, but also to most well-informed Americans — and, for that matter, to most Europeans. [Ch. 2]
And yet, Germany, Russia, and France began accumulating gold prior to the war — with Germany starting first, in 1912.  Gold was taken "out of the hands of the people" and carried to the reserves of the Reichsbank, the German central bank.  People were given paper notes "to take the place of gold in circulation."

When war broke out in August, 1914, Gary North explains, the pre-World War I policy of gold coin redemption was 
independently but almost simultaneously revoked by European governments . . .  They all then resorted to monetary inflation. This was a way to conceal from the public the true costs of the war. They imposed an inflation tax, and could then blame any price hikes on unpatriotic price gouging. This rested on widespread ignorance regarding economic cause and effects regarding monetary inflation and price inflation. They could not have done this if citizens had possessed the pre-war right to demand payment in gold coins at a fixed rate. They would have made a run on the banks. Governments could not have inflated without reneging on their promises to redeem their currencies for gold coins. So, they reneged while they still had the gold. Better early contract-breaking than late, they concluded.
Without breaking their promise to redeem paper notes for gold coins, governments would have had to negotiate their differences rather than engage in the deadliest war in history at that point.  Abandoning the gold coin standard, which had always been under control of governments instead of the free market, was the deciding factor in going to war.

Though the U.S. didn't formally abandon gold during its late participation in the war, it discouraged redemption while roughly doubling the money supply.  From War and Inflation, Blanchard Economic Research:
"In World War I, the American people were characteristically unwilling to finance the total war effort out of increased taxes. This had been true in the Civil War and would also be so in World War II and the Vietnam War. Much of the expenditures in World War I, were financed out of the inflationary increases in the money supply." (See "American Economic History," Scheiber, Vatter and Faulkner)
Wikipedia: missing in action

It's more than strange that Wikipedia's entries for World War I and the gold standard make no mention of the connection between an easily inflatable currency and war.  Under their entry for gold standard, for example, Wikipedia says, "By the end of 1913, the classical gold standard was at its peak but World War I caused many countries to suspend or abandon it."  This is wrong.  Governments had a choice: fight a long, bloody war for specious reasons or retain the gold coin standard.  They chose war.  U.S. leaders found their decision irresistible.  It wasn't J.P. Morgan, Woodrow Wilson, Edward Mandell House, or Benjamin Strong who would be fighting in the trenches.  

Of course, the war was only the first of many government catastrophes resulting from the abandonment of gold.  In their entry for "20th century," Wikipedia tells us that "Terms like ideology, world war, genocide, and nuclear war entered common usage."  Nor was it uncommon to hear terms like "fiat money, central bank, Federal Reserve, debt, and accommodation," but the article makes no mention of these.

It's true, the gold standard utterly fails when governments want to kill selected populations and control the rest.  Gold is an honest money, a value offered in exchange for another value, but governments by nature are not honest because they acquire their resources by theft and intimidation.  In light of what we've witnessed since the rejection of gold, it's difficult to imagine an honest humanitarian regarding the precious metal as barbarous.  

When we hear about "going off gold" as a prerequisite to peace and harmony among men, we should remember places such as the Meuse-Argonne American Cemetery in France, where grave markers seemingly extend to infinity.  These are the graves of mostly young men who died for nothing but the lies of politicians and the profits of the politically-connected.  Gold wanted no part of the slaughter.  But politicians and bankers knew a paper fiat standard is the monetary means to accommodate it.



Conclusion

John Maynard Keynes, who coined the term "barbarous relic" in reference to the gold standard, wrote about the world that was lost when gold was abandoned:
What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914! . . . The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep. . . He could secure forthwith, if he wished it, cheap and comfortable means of transit to any country or climate without passport or other formality, could despatch his servant to the neighboring office of a bank for such supply of the precious metals as might seem convenient, and could then proceed abroad to foreign quarters, without knowledge of their religion, language, or customs, bearing coined wealth upon his person, and would consider himself greatly aggrieved and much surprised at the least interference. But, most important of all, he regarded this state of affairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable.
If Keynes had read what he wrote he might've been a better economist.  And we might be living in a better world today.

Will Gold follow Gold and USD Higher?

Posted: 16 Nov 2013 08:48 AM PST

In our most recent article on gold, USD and Euro Indices we wrote that the outlook for the yellow metal was bearish just as the outlook for the Euro Index and just as it was bullish for the USD Index. At this time - since all of the above-mentioned markets moved in the opposite way - you might be wondering if we are sticking to the above analysis. In the medium-term, we do, but not in the short run. In fact, earlier this week we told our subscribers to cash in the profits from the short positions as the bullish correction was quite likely to be seen.

This Past Week in Gold

Posted: 16 Nov 2013 08:26 AM PST

Summary: Long term - on major sell signal since Mar 2012. Short term - on sell signals. Gold sector cycle - down as of 11/08. Read More...

Market Monitor – November 16th

Posted: 16 Nov 2013 08:09 AM PST

Top Market Stories For November 16th, 2013: Miners Reporting Serious Progress - John Rubino India Paying an Equivalent $1,565 Per Ounce For Physical Gold Bullion - Jesse's Cafe USD as a Percentage of Global Reserves Down, then Up. What's next for Gold? - GoldSeek Shh! Don't Tell Anyone; China's Central Bank Gold Reserves are Growing Rapidly! – Gold [...]

A Special “Market Intelligence Report” from munKNEE.com

Posted: 16 Nov 2013 07:47 AM PST

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Economy

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There is a debate on Wall Street between those who believe we have entered into the next "secular bull market" and those who believe that the current market advance is predicated on artificial stimulus and, as such, the "secular bear market" remains intact. Take a look below at a series of charts designed to allow you to draw your own conclusions and convey your view in the comments section at the very bottom of the page. Words: 719; Charts: 12 Read More »

 
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Switzerland is considering providing a monthly income to every citizen, no strings attached, no matter how rich or poor, how hardworking or lazy, how old or young. Should our government do the same? 84% of respondents to one poll said “Yes!” What about you? Read More »

Investing

 
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We all think the price of gold, the metal, is depressed and is about equal to the total cost of production but when one compares the price of precious metals mining companies to the price of gold bullion, their prices are at historical lows. It seems that the mining shares can only go in one direction…up…but when and by how much? This article suggests it presents the greatest opportunity in 30 years. Look at the charts! Absolutely unbelievable. Read More »

Finance

 
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Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story. Read More »

2. You Can Get a College Education Outside the U.S. For Half the Cost! Here's Where & How Much

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Americans take note! A first class college education in other English speaking countries can be had for half the average cost of one in the U.S.. This infographic tells you where and how much you would pay. Take a look. Read More »

Gold & Silver

 
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China is taking over the world one gold bar at a time. The infographic below shows how, in the space of a few decades, it has developed a huge appetite for the world's physical gold. Read More »

Miscellaneous

 
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The World Economic Forum released its annual Global Gender Gap Report for 2013 measuring gender disparity between men and women around the world…and disappointingly the United States didn't even make it in the top 20! How did your country fare? Read More »

Read the article below as to why you should “Follow the munKNEE”:

The Internet's Most Unique Site for Financial Articles is Here

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There is no need to spend time searching the internet looking for articles worth reading. We do it for you and bring them to you each day on this the “internet’s most unique site for financial articles” and in our newsletter, the “Market Intelligence Report” Read More »

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Koos Jansen: West to East gold distribution update

Posted: 16 Nov 2013 07:29 AM PST

10:27a ET Saturday, November 16, 2013

Dear Friend of GATA and Gold:

Updating his data on the flow of gold from West to East, gold researcher Koos Jansen concludes today that the flow is far greater than is estimated by the World Gold Council, whose gold supply and demand estimates lately also have been challenged by Sprott Asset Management CEO Eric Sprott:

http://sprott.com/markets-at-a-glance/open-letter-to-the-world-gold-coun...

Of the likely annual imports of gold into China, Jansen writes: "While the World Gold Council estimates Chinese consumer demand will be over 1,000 tons, my estimate is it will be over 2,200 tons. In my humble opinion just the official route raises a few eyebrows to the WGC demand numbers. If we then take into account that gold is also imported by China through ports other than Hong Kong, more eyebrows are raised."

But then despite GATA's entreaties and frequent sharing of information, the World Gold Council has remained silent in the face of growing evidence of central bank intervention against the gold price, and that silence implies complicity. Indeed, the World Gold Council exists only to make sure that there never is a world gold council.

Jansen's commentary is headlined "West to East Gold Distribution Update" and it's posted at his Internet site here:

http://koosjansen.blogspot.com/2013/11/west-to-east-gold-distribution-up...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



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How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...


Alasdair Macleod: Cooperation between central banks

Posted: 16 Nov 2013 07:14 AM PST

10:13a ET Saturday, November 16, 2013

Dear Friend of GATA and Gold:

The Federal Reserve is providing easy money not only to financial institutions in the United States but also in Europe, GoldMoney research director Alasdair Macleod argues in his commentary this week.

"The logical implication from the Fed's and the Bank of England's actions is that interest rate policies are being managed with the weakest in mind. Therefore the course of prices and bank lending in the eurozone could be regarded as the current determinant of when tapering will be introduced by the Fed."

Of course all this control or regulation of the value of all capital, labor, goods, and services in the world is being undertaken in secret with little explanation to the public or markets and less accountability to democratic institutions.

Macleod's commentary is headlined "Cooperation Between Central Banks" and it's posted at GoldMoney's Internet site here:

http://www.goldmoney.com/research/research-archive/cooperation-between-c...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Jim Sinclair Plans Seminar in Boston on Dec. 7

Gold advocate and mining entrepreneur Jim Sinclair will hold his next seminar from 1 to 5 p.m. on Saturday, December 7, in the Boston suburb of Cambridge, Mass., at the Boston Marriott Cambridge at 50 Broadway in Cambridge. The admission fee will be $50. Details are posted at Sinclair's Internet site, JSMineSet, here:

http://www.jsmineset.com/2013/11/14/boston-qa-session-announced/



Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Nick Barisheff: Fed and Treasury likely arranged gold smashdown

Posted: 16 Nov 2013 06:54 AM PST

10:03a ET Saturday, November 16, 2013

Dear Friend of GATA and Gold:

With a study presented to the Toronto Scholars Conference of the new Ludwig von Mises Institute of Canada on November 1 and 2, Bullion Management Group CEO Nick Barisheff has more than earned his tin-foil hat, acknowledging that a primary objective of the U.S. Federal Reserve is to suppress the gold price.

Among Barisheff's observations:

"Western central bankers have been involved in the practice of leasing, and the even more opaque practice of swapping, their gold holdings for decades. Whatever gold is held in the vaults at the Federal Reserve Bank of New York and even in Fort Knox almost certainly, through hypothecation and re-hypothecation, has several claims to ownership."

"This year the New York Fed told Germany's Bundesbank that it must wait seven years to repatriate just 300 tonnes of gold held in U.S. vaults. I believe this, and Holland's second-largest bank, ABN Amro's, default on its gold redemptions were two of the main events that necessitated the Fed-orchestrated gold takedown this year. The Fed has either compromised Germany's gold through leasing or swapping or simply doesn't have it. There is no other logical explanation."

... Dispatch continues below ...



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"Chinese officials have admitted they have a goal of 10,000 tonnes of gold, and 2013's Fed-orchestrated takedown of gold has enabled them to make significant strides toward meeting this goal. Some Asian fund managers have suggested China may have already accumulated up to half of this amount. China is extremely secretive about its official gold holdings; it has been known to use the country's opaque sovereign wealth funds to amass gold holdings, which are then moved to official holdings and announced at China's discretion. China has nothing to gain from divulging its official holdings, and everything to gain from lower gold prices. We can add the migration of gold from West to East to the long list of so-called Fed accomplishments, as history will surely do."

"The gold price takedown was a paper takedown, likely orchestrated by the Federal Reserve and the Treasury, through their bullion banks and, possibly, through the off-budget Exchange Stabilization Fund. If it were a true correction, one based on weakening fundamentals, the physical market would not have been on fire, as we see by Eastern physical buying."

Barisheff's study is valuable for acknowledging not just the government policy of gold price suppression but also the inherently corrupt nature of modern central banking -- corruption that, Barisheff doesn't quite make clear, arises in large part from the secrecy being imposed on public policy. Barisheff's study is titled "The Federal Reserve's Centennial Birthday -- The Hundred Years' War Against Gold and Common Sense" and it's posted at Bullion Management Group's Internet site here:

http://bmgbullionbars.com/the-federal-reserves-centennial-birthday-the-h...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Von Greyerz, Cashin comment to KWN about the markets and gold

Posted: 16 Nov 2013 06:11 AM PST

9:10a ET Saturday, November 16, 2013

Dear Friend of GATA and Gold:

Interviewed by King World News, Swiss gold fund manager Egon von Greyerz and Art Cashin of UBS and CNBC comment about the financial markets and gold particularly.

An excerpt from von Greyerz's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/15_T...

An excerpt from Cashin's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/15_A...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT

How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...



Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata


Gold And Silver - When Fundamentals Fail And Charts Prevail

Posted: 16 Nov 2013 05:20 AM PST

The true story of gold and silver is a simple one. There is a recognized and acknowledged shortage of supply in opposition to the greatest demand for both precious metals, for at least in recent memory, if not all time. Current prices are ... Read More...

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