saveyourassetsfirst3 |
- Burn The Bonds; Pay The Pensions
- Chris Powell: Gold to Be Revaluated Upwards Substantially Overnight
- Financial World Is A House Of Cards Built On Sand
- Obama Announces CDC SWAT Teams to Round Up Infected Ebola Patients
- Zeal: Extreme PM Shorting Peaks
- All the world’s gold to be confiscated and buried in Switzerland by 2020 argues Jim Rickards
- What are professional investors saying about the global sell-off and should you care?
- S&P 500 Performance Compared to Federal Reserve Balance Sheet
| Burn The Bonds; Pay The Pensions Posted: 19 Oct 2014 11:44 AM PDT There has been a major (economic) policy-decision reached and implemented, across the corrupt Western bloc. But it has never been the subject of political debate, let alone any sort of formal vote. Indeed, this policy decision has never even been explicitly/publicly acknowledged by any of these Deadbeat Governments. What policy decision is this? Year after year, these governments assured us that their corrupt/incompetent economic policies had not rendered our economies insolvent. Now, much more quietly; these same governments are acknowledging that they can't meet all of their financial obligations – and thus have begun defaulting. The (unstated) policy decision comes with respect to which obligations they have chosen to willfully engage in default, and which obligations they have chosen to continue to fund. The policy decision is very simple: they have chosen to continue to pay the interest on their/our massive debts (not one penny of "principal" is ever repaid), while they begin to systematically default on paying their pension obligations to the people. What must be understood is that this traitorous act is just as indefensible in economic terms as it is in moral terms. As a matter of elementary economics; there is no "economic benefit" of any kind derived from continuing to make (only) interest payments on our gargantuan (and unsustainable) debts. Every penny paid is wasted money. Once any debtor goes so deeply in debt that they can never do any more than pay interest on their debts; they are technically insolvent. It is at this point (in the real economy) that any legitimate business (or government) begins a "structured bankruptcy" proceeding, because the sooner such insolvency is acknowledged (and restructured) the less the economic harm. Instead, these Deadbeat Governments have not only begun defaulting on their important financial obligations (i.e. pensions) but they have been selling-off choice assets – to the bankers, at pennies on the dollar – thus destroying their future revenue production. Here the insanity (and criminality) must be explicitly acknowledged. The Western "big banks" (all tentacles of the One Bank) are given $trillions per year in newly-printed money, for free, as the standard monetary policy of all our central banks. But our governments (municipal, state/provincial, federal) must borrow every penny of their own funding (which isn't covered by declining revenues). Thus these Vulture Banks (with their unlimited stacks of free money) have not only reaped endless $trillions in lending us money which they are given for free, but they also use their free money to undermine our ability to pay – making these governments even more insolvent. Why are private banks given $trillions for free, every year, but our own governments must "borrow" (i.e. pay for) every penny? We get no answer to this question (ever) from our (corrupt) governments, (thieving) bankers, or (dishonest) media, because there is no answer. This is nothing more than systemic corruption. These bond debts are all totally illegitimate – thus there is no legal or moral obligation for our governments to continue making payments on these corrupt debts. Conversely, paying pensions to the people is an economically virtuous activity, which produces numerous (positive) "ripples" when those pension-dollars flow, and causes equally severe ripples of harm when those payments are (illegitimately) withheld. We start with the fact that we live in (as the bankers/media/governments tell us every day) "consumer economies". Thus not only are these pension payments important in shoring-up (declining) consumption, with our aging populations they have never been more economically important in our entire history than they are today. However, we gain an even better understanding of the importance of a (legitimate) pension system, by looking at an economy which has been functioning without one: China. Creating a national pension system (and then actually paying those pensions) is one of China's most-important economic objectives. |
| Chris Powell: Gold to Be Revaluated Upwards Substantially Overnight Posted: 19 Oct 2014 11:00 AM PDT GATA’s Chris Powell joins us this week for a power packed show discussing: Powell’s view on the endgame- Central banks will revaluate gold upwards substantially overnight, after which the gold suppression will start again from a much higher level Massive Chinese gold accumulation: China doesn’t want a free market, they want control of the gold market! If […] The post Chris Powell: Gold to Be Revaluated Upwards Substantially Overnight appeared first on Silver Doctors. This posting includes an audio/video/photo media file: Download Now |
| Financial World Is A House Of Cards Built On Sand Posted: 19 Oct 2014 09:45 AM PDT Take heart PM community, your turn is coming. What is happening in the stock market is a harbinger of what is sure to come for gold and silver, at some point in the future. When? Ah, that elusive question the answer to which so many want to know, the same answer to which so many so-called prognosticators have serially gotten wrong over the past few years. The best answer is patience. It is highly unlikely that a single bank, at least in the Western fiat central banking system, is solvent. All, repeat, all banks are insolvent, propped up by the Rothschild system that few can successfully challenge. All banks exist by accounting deceit and every kind of threat, indirect or otherwise, that it is not wise to challenge the international banking cartel [on the verge of collapse]. Russia and China are rising to the occasion rather timely. What is the result of "printing" trillions upon trillions of fiat currency? While it has not yet played itself out, due to market distortions by "The Powers That Be," history shows that all fiat paper currency systems fail. Is it any different this time around. No! The only thing "different" would be the mechanics of how the Western system will fail. A combination of computers and the internet have given the elites a decided upper hand that has enabled the "disenabling" system they run an extended life, if you will, in their ability to perpetuate fiat deceit. As an aside, most people are totally unaware of the extent to which the elites have been able to dominate every facet of human life on this planet. Control is not a strong enough word to describe the extent and depth of the evil they wrought in their utterly corrupt ambitions to rule as a one-government New World Order. We believe we have a degree of insight on some of the ways in which events have been played out on the world's stage, the coup d'etat against the United States by the Rothschild moneychangers, the final nail in the proverbial coffin being the takeover of the United States currency with the passage of the Federal Reserve Act in 1913, and the simultaneous abdication of Congress in its Constitutional duty to Article 1, Section 8: "To coin money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
There have been hundreds of thousands of deaths of lesser known people as a result of opposing the elite's system, almost all of which cannot be directly linked to those in control. Remember the more than a dozen bankers who "suicided" themselves in the past few years, one by several "self-inflicted shots from a nail gun." It is possible that the number of deaths over time may be in the millions. We will never know. There is so much more that would be shocking to anyone's senses to hear and learn of the degree to which psychological, economical, educational, medical, and biological warfare has been directed against The People, or those not a part of the diabolically corrupt system controlling and running everything, by the moneychangers. Back to that to which some people can relate. There is one reason and one reason only why the stock market has been going up in "paper value," an oxymoron in itself, and it has been a direct result of pouring in trillions of freshly printed fiat currency from the banking system into the stock market. We gave up on participating in that Ponzi scheme a few years ago, not willing to abet the corruption and greed of the Wall Street scammers, the largest firms that control the markets, and the federal government. This has been a result of cheap available "money," [available only to bankers to support the corrupt and totally insolvent banking system], [mis]used to perpetuate the myth that unbridled money printing can sustain the economy, when as any reasonably literate person has to know that an infinite supply of money can only destroy the system. If anything has been learned from the 2008 real estate and stock market bubbles, too many have either forgotten or disregarded recent history. Last week's decline and speed in the stock market is the first shot across the bow that this fantasy called a stock market rally is beginning to end. It often takes several months for a market to top, and one need only look back at the 2008 stock market to see how a top unfolds. The details or the mechanics of the market top may differ, but the net results, a precipitous decline, will not. The point for buyers and holders of gold and silver is to see how blatant, unless you watch and believe in the elite's mainstream media cartel, the stock market has been manipulated, a word familiar to the PMs markets. The beginning of the end is about to unfold right before your eyes. It is impossible for the central banks to keep printing money to feed a broken system. Almost all markets have been distorted by the Rothschild central planners, and the extent to which distortions have been disrupting the natural order of events, it will result in an equal and opposite effect will eventually ensue. We discussed this in July 2013. [See article about Newton's Third Law, {7th par.}] We stated even then that we did not know when the market decline would end but was more optimistic that the end would be sooner than the now later time frame. It may be changing to the sooner-now-rather-than-later situation, but no one knows, and our point continues to be that knowing does not matter…preparation does. The damage being done to the world economy has no precedent. The extent to which the world is being manipulated has no precedent. The degree of endless "wars" engaged in and provoked by the United States in has no precedent. The amount of worthless "currency" being used by the moneychangers to fleece the world of its wealth does have a precedent in the Rothschild formula, but the degree to which it has been utilized has no precedent. One day, and it is a certainty, the value of gold and silver will double, triple, or some unknown multiple of current suppressed values, and those who have been bemoaning the current prices will be equally rewarded as those who have kept the faith and knew that it was just a matter of time. In the world of fundamentals, timing is never an absolute or a factor. In the world of charts that track developing market activity, which is actually a more accurate way of reading all of the known and yet to be known fundamental considerations, timing is everything. So far, the moneychanger manipulators still have the upper [dirty] hand. The gold/silver ratio has recently risen above 71:1, after staying in the 68:1 area for a while. It should be more closely watched for those considering a switch from gold into silver, or some portion of their gold holdings into silver. For our reasoning on why, see Magic Of Gold/Silver Ratio article from July. Yes, there is a "give-up" cost in the number of ounces exchanged in the process, but do the numbers to determine if it is worthwhile. If the ratio were at 73:1, for example, maybe you will get a 68:1 exchange from a dealer. 10 oz of gold = 680 oz of silver. At some point the ratio goes under 40:1, and you get an exchange at 45:1. Your 680 oz of silver is exchanged into 15 oz of gold, or 50% more in gold had you opted not to do an exchange because there was a "cost" involved. Who knows, the ratio could get back to the 20:1 area, and an exchange at 25:1 from a dealer would yield almost 28 oz of gold, almost tripling the 10 oz when started. One thing about the future, Anything Can Happen! A pre-set mind can be limiting. Consider the above when considering the below. Just a thought.
What can be said about the decline under broken support is that there is no acceleration to it. When price broke the important 26 support level, it immediately [almost] went to 18+. Breaking 18.50, the decline, so far, has "only" been to 17, where it has been consolidating, as opposed to being driven lower. Price may continue lower, or not, but at a much lower pace, and that is a positive. Regardless of the final level of decline for silver, keep in mind the bigger picture of reality as it temporarily remains distorted by fiat fiction, but a fiction that has lasted longer in it temporary phase than most have expected. It is what it is, and that is what we must all deal with, for now.
Weekly gold, second verse same as the first.
1240 was an area of resistance, for us. Price rallied to 1250. Does this mean the beginning of a change in pattern behavior? Possibly, but it does not matter because there is not enough information to declare a change in trend is under way. Will the rally extend higher into next week? Possibly, but the probability is low. What will be of keener interest is how the next reaction lower develops. If the ranges narrow and volume declines, it will indicate a lessening of selling pressure. If ranges widen and volume increases, there is no promise that support will hold, as it failed in silver. We have no clue how the next reaction will develop, and we do not need to know ahead of time. All we need do is be prepared for the information the market provides and then be in a position to respond and not have to guess. Patience is not a common trait for futures traders. [It is for holders of the physical]. The best on can do for now is to be patient, grasshopper.
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| Obama Announces CDC SWAT Teams to Round Up Infected Ebola Patients Posted: 19 Oct 2014 08:41 AM PDT President Obama, who has notably ignored our open Southern border, welcomed illegal aliens, and refused to institute a travel ban from Ebola-ridden countries, has a hardcore solution for Americans who are potentially suffering from Ebola. He'll just increase the police state another notch: Submitted by The Daily Sheeple: "What I have directed the CDC to do […] The post Obama Announces CDC SWAT Teams to Round Up Infected Ebola Patients appeared first on Silver Doctors. |
| Zeal: Extreme PM Shorting Peaks Posted: 19 Oct 2014 07:00 AM PDT The world's financial markets are changing dramatically with the Federal Reserve on the verge of ending its third quantitative-easing campaign. The Fed's massive deluge of inflation drastically distorted markets, which are finally starting to normalize. The precious metals were crushed by the Fed's artificial levitation of the stock markets, leading to extreme futures shorting. But […] The post Zeal: Extreme PM Shorting Peaks appeared first on Silver Doctors. |
| All the world’s gold to be confiscated and buried in Switzerland by 2020 argues Jim Rickards Posted: 19 Oct 2014 02:42 AM PDT In what pretends to be a history looking back from the future ‘Currency Wars’ author and fund manager Jim Rickards argues that by 2020 all the gold of the G-20 nations will be confiscated and buried in a former nuclear bunker under a mountain in Switzerland to take it out of the global financial system. This is the conclusion to the astonishing tour de force article that kicks off his new monthly newsletter ‘Rickards’ Strategic Intelligence’ for Agora Financial, publisher of highly successful financial newsletters like Chris Mayers’ ‘Capital & Crisis’. Has the normally sober and thoughful Mr. Rickards lost his marbles? Ad absurdum I must confess to having my doubts on reading his first issue with one absurd conclusion leading to another and then to a totally unrealistic world gold confiscation scenario. How would that happen? The G-20 meetings struggle to agree on a final communique. How could they agree something like that? Mr. Rickards does not stop there. In his world not only does money die and cease to exist but there is a sort of death of capitalism that Marx prescribed and Stalin tried to implement without notable success. There are no markets, bonds nor money by 2024 and equality rules. Strangely the real survivors of this apocalypse to end all apocalypses are the investors who bought gold, fine art and land, and who cashed out of gold when Mr. Rickards’ newsletter told them. Somehow fine art and land still has a value in the future without money or markets, and illegal gold too. How would that work? Indeed how seriously are we supposed to take Mr. Rickards’ vision of the future? His subsequent articles basically feed off its central insight and so you have to believe it is a scenario that he thinks not only has some weight but actually is very plausible. We preferred his ‘Currency Wars’ conclusion of a new dollar backed by gold in an economic reset. Just too whacky The next ArabianMoney monthly newsletter (subscribe here) will offer our detailed riposte. However, suffice to say we think Mr. Rickards is way off in his political if not economic analysis. We note that governments would collapse and social unrest grow massively under such circumstances and that such coordinated central bank or G-20 responses would just not be politically possible. Nationalism not nationalization of assets would prevail. Sadly chaos, anarchy, revolutions and wars are a more likely outcome, although we hope commonsense prevails and the world muddles through and yet another version of financial armageddon proves to be alarmist nonsense. However, within all these visionary tales there is usually more than a grain or truth, or a few grams of real gold. |
| What are professional investors saying about the global sell-off and should you care? Posted: 18 Oct 2014 08:32 PM PDT A round-up of diverse statements from professional investors by Bloomberg ‘Money Clip’. Host Adam Johnson reports on market volatility. That’s not the issue. You don’t need a Nobel Prize to know markets have been falling out of bed for the past couple of weeks. However, what comes through in this clip is a worrying lack of insight from those who ought to know what comes next. The monthly ArabianMoney investment newsletter (subscribe here) recommended going to cash, gold and silver in its last edition and so far that has been the best strategy for dealing with this new level of unknowns… |
| S&P 500 Performance Compared to Federal Reserve Balance Sheet Posted: 18 Oct 2014 03:13 PM PDT   The first compares the S&P 500 to the overall size of the Fed's Balance Sheet. The next compares the overall rate of growth of that same Balance Sheet on an annualized basis. Note that slowdown in the RATE OF INCREASE in the Fed's Balance Sheet. This is important to note - the Fed's balance sheet is still expanding, albeit at a declining rate of growth over a 52 week look-back period. The Fed, of course, threw the markets are curve ball last week when their minutes announced that the "disinflationary impact" of the strong US Dollar was forcing them to revisit their previous plan of hiking interest rates. Essentially the stronger Dollar has been working at cross purposes to the Fed's goal ( a goal that of the rest of the Western Central Banks also share I might add ) of inducing a 2% annual rate of inflation. The markets readjusted to that new information by effectively stalling the sharp climb in the greenback. The Dollar chart has not however turned bearish - rather it has merely halted the uptrend for a while. Traders and investors are going to continue closely monitoring economic data releases, especially the payrolls, to see if there is enough strength to allow the Fed to move back towards a mid 2015 hike or if the data is simply too weak. Right now no where knows for sure thus the most likely path of many markets is one of consolidation or sideways trading. Uncertainty has been injected once more by the Monetary Masters. The easy money might be over in some of these markets for the time being as trendless markets have a nasty habit of whipsawing traders mercilessly. Lots of hedge funds can and will be chopped to shreds in such an environment because their computers are too damned dumb to trade ranging markets. They are great at making their owners look like geniuses when a strong trend is underway; when the trend dies or halts and the markets take on more of an aimless or bouncing behavior, they cannot trade them. Many will go the sidelines understanding the limitations of their mindless machines. Trading range bound markets requires real skill, and real finesse in accurately reading a market - as just the time the computers get all bulled up, the market reverses on them. Same thing goes in reverse when the markets look most vulnerable to dropping lower - they reverse higher leaving everyone who sold them having sold into a hole. Traders - tread lightly out there and do not be reckless right now. |
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