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Monday, March 14, 2016

Gold World News Flash

Gold World News Flash


The Laws of Gold Destroyed!

Posted: 14 Mar 2016 12:00 AM PDT

from CanadaCoinHunting:

I tried a new style of video with this one, and I hope that you all enjoy it. I discuss how the current inflationary fiscal and monetary environment, with its low interest rates, deficit spending and money printing, is making it increasing difficult to successfully follow the First Law of Gold put forward in George S. Clason’s iconic book The Richest Man in Babylon, which is to save 10% of gross earnings.

The Sea Island Conspiracy

Posted: 13 Mar 2016 11:30 PM PDT

by Patrick J. Buchanan, Lew Rockwell:

Over the long weekend before the Mississippi and Michigan primaries, the sky above Sea Island was black with corporate jets.

Apple's Tim Cook, Google's Larry Page and Eric Schmidt, Napster's Sean Parker, Tesla Motors' Elon Musk, and other members of the super-rich were jetting into the exclusive Georgia resort, ostensibly to participate in the annual World Forum of the American Enterprise Institute.

Among the advertised topics of discussion: "Millennials: How Much Do They Matter and What Do They Want?"

That was the cover story.

As revealed by the Huffington Post, Sea Island last weekend was host to a secret conclave at the Cloisters where oligarchs colluded with Beltway elites to reverse the democratic decisions of millions of voters and abort the candidacy of Donald Trump.

Among the journalists at Sea Island was Rich Lowry of National Review, which just devoted an entire issue to the topic: "Against Trump," and Arthur Sulzberger, publisher of the Trumphobic New York Times.

Bush guru Karl Rove of FOX News was on hand, as were Speaker Paul Ryan, Majority Leader Mitch McConnell and Sen. Lindsey Graham, dispatched by Trump in New Hampshire and a berserker on the subject of the Donald.

So, too, was William Kristol, editor of the rabidly anti-Trump Weekly Standard, who reported back to comrades: "The key task now, too… paraphrase Karl Marx is less to understand Trump than to stop him."

Kristol earlier tweeted that the Sea Island conclave is "off the record, so please do consider my tweets from there off the record."

Redeeming itself for relegating Trump to its entertainment pages, the Huffington Post did the nation a service in lifting the rug on "something rotten in the state."

What we see at Sea Island is that, despite all their babble about bringing the blessings of "democracy" to the world's benighted, AEI, Neocon Central, believes less in democracy than in perpetual control of the American nation by the ruling Beltway elites.

If an outsider like Trump imperils that control, democracy be damned. The elites will come together to bring him down, because, behind party ties, they are soul brothers in the pursuit of power.

Something else was revealed by the Huffington Post — a deeply embedded corruption that permeates this capital city.

The American Enterprise Institute for Public Policy Research is a 501(c)(3) under IRS rules, an organization exempt from U.S. taxation.

Million-dollar corporate contributions to AEI are tax-deductible.

This special privilege, this freedom from taxation, is accorded to organizations established for purposes such as "religious, educational, charitable, scientific, literary … or the prevention of cruelty to children or animals."

What the co-conspirators of Sea Island were up at the Cloisters was about as religious as what the Bolsheviks at that girls school known as the Smolny Institute were up to in Petrograd in 1917.

From what has been reported, it would not be extreme to say this was a conspiracy of oligarchs, War Party neocons, and face-card Republicans to reverse the results of the primaries and impose upon the party, against its expressed will, a nominee responsive to the elites' agenda.

And this taxpayer-subsidized "Dump Trump" camarilla raises even larger issues.

Now America is not Russia or Egypt or China.

But all those countries are now moving purposefully to expose U.S. ties to nongovernmental organizations set up and operating in their capital cities.

Many of those NGOs have had funds funneled to them from U.S. agencies such as the National Endowment for Democracy, which has backed "color-coded revolutions" credited with dumping over regimes in Serbia, Ukraine and Georgia.

In the early 1950s, in Iran and Guatemala, the CIA of the Dulles brothers did this work.

Read More @ Lew Rockwell.com

Stock Market Dip Monday, Tuesday? Gold Topping

Posted: 13 Mar 2016 10:01 PM PDT

Last I wrote, I thought we might be breaking down out of a rising wedge pattern in the SPX.  Apparently, many others thought the same thing, and you know what they say when too many agree.  So many are thinking we go lower from here and that has me concerned.  While I think we go lower over the next two days in the stock market (1957-62 SPX down about 3%) and I think that we are in the early stages of a bear market, the probabilities are we have one to two more weeks of general upside left before we top. My current upside targets are 2058-81 SPX.

The Push And Pull Of Silver Prices

Posted: 13 Mar 2016 09:30 PM PDT

Gold and Silver COT Update - Get 30,000 Coffins Ready...

Posted: 13 Mar 2016 09:19 PM PDT

Clive Maund

Currencies Around The World Race To ZERO — Jeff Nielson

Posted: 13 Mar 2016 07:30 PM PDT

by SGT, SGT Report.com:

Mario Draghi pledged to destroy the Euro last week with Bazooka money, Japan continues to debase the Yen, Venezuela has hit outright hyperinflationary status, and currencies around the world are in an unprecedented suicidal race to zero – while the blasphemous Banksters in the City of London lick their chops on Threadneedle Street, as their plans to kill cash entirely are well underway. In an environment such as this, there remains only one good question: Got PHYSICAL gold and silver? Jeff Nielson from Bullion Bulls joins me to discuss.

A Whiff Of Panic & The Pretense Of Europe’s Monetary Cranks

Posted: 13 Mar 2016 06:37 PM PDT

from Acting-Man, via Zero Hedge:

There once was a time when economists would have been in an uproar upon witnessing the shenanigans of today's central bankers. Nowadays they are not only acquiescing to them, they are actively demanding more and more intervention. Instead of being the voice of reason warning of the dangers such policies harbor, they have become cheerleaders for them. It is only a very small consolation that they will eventually be discredited. The cost will be extremely high.

Ahead of Thursday's ECB meeting, there was a widespread consensus that Europe's chief printing press supervisor would make up for the alleged "mistake" of under-delivering on monetary lunacy last time around. Therefore, a sizable dose of fresh absurdities had to be expected, with only small disagreements on the details. It is fair to say the man didn't disappoint.

There was an even greater consensus that the punters populating the casino were eagerly awaiting such news, and that they stood ready to deploy wagon-loads of money (mostly other people's) in the direction wished for by the central planning puppeteers. This particular detail didn't quite work out as expected, at least not at first. For instance, after an initial swoon, the ECB's very own confetti became more rather than less expensive.

1-Euro June futures, 20 min

June euro futures, 20 minute candles. At first, the euro did what it was "supposed" to do – and then it went "yen" on the Dragon and his minions – click to enlarge.

Similar scenes played out elsewhere. Here is for instance a 20 minute chart of the  June Bund futures contract, which was subject to a similar sudden change in market opinion:

2-german bund, june future,20 min

Instant hangover in Bund futures  – click to enlarge.

Other playthings were similarly impacted, from the DAX to gold. All the stuff that used to habitually react in a certain manner to more ECB largesse essentially did the opposite of what it was "supposed" to do.

Readers may recall the last time when a similar thing happened. That was on occasion of Kamikaze Kuroda's attempt to smite putative yen bulls by cutting the BoJ's deposit rate into negative territory.

3-June yen future

That didn't quite work out as planned either… – click to enlarge.

Kuroda "only" decided to emulate the fashionable new European central planner absurdity of imposing negative interest rates, which means that according to the Keynesian rule-book, he "didn't do enough". However, it was a surprise move, as he seemingly had publicly ruled out negative rates only one week earlier.

As we have previously remarked, this adverse (from the perspective of the planners) market reaction had to be taken as yet another sign that the irrational faith of market participants in central bankers is beginning to crumble.

Read More @ ZeroHedge.com

A 'radical economic theory' is gaining converts, except it's not radical at all

Posted: 13 Mar 2016 06:31 PM PDT

9:50p ET Sunday, March 13, 2016

Dear Friend of GATA and Gold:

Bloomberg News tonight published a report, excerpted below, headlined "Ignored for Years, a Radical Economic Theory is Gaining Converts." It's called Modern Monetary Theory, but there's nothing radical about it; to the contrary, it's a tautology. That is, governments not only create money but can create as much as they want, restrained only by the prospect of currency debasement and the market and political reaction to it. Governments can't "run out of money" any more than the college basketball tournament basketball games about to begin in the United States can run out of points.

... Dispatch continues below ...



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That is why, 70 years ago, the president of the Federal Reserve Bank of New York, Beardsley Ruml, noted in a magazine article that in a fiat money system like the one to which the United States was transitioning, a system getting away from any convertibility to gold, taxes were no longer needed to raise revenue for the national government:

http://www.constitution.org/tax/us-ic/cmt/ruml_obsolete.pdf

Today taxes are imposed by a national government not to raise revenue but to create demand for the government's currency, to redistribute wealth, and to reward or penalize certain economic behavior. In his magazine article Ruml noted the latter two purposes but not the first, using taxes to create demand for a government's currency.

In any case critics of fiat currency are wrong to charge that it has no intrinsic value, that fiat currency operates only on confidence. In fact, fiat currencies are the ransom people pay their governments through taxes to be allowed to stay out of jail. That is, currencies are the primary mechanisms by which governments control their populations.

This explains why governments are always waging war on gold, the once and possibly future world reserve currency, as gold is potentially an independent currency above all government. This also explains why governments are so desperately manipulating the gold market to conceal the debasement of their currencies.

Bloomberg says tonight that Modern Monetary Theory is only 20 years old. Insofar as MMT recognizes that government can issue non-commodity money, ancient China more or less implemented MMT a thousand years ago, there were episodes of it during the Roman empire, and the classical economist Adam Smith acknowledged it in 1776 in his famous treatise "The Wealth of Nations."

Of course nearly all government currencies tend to be inflated away over time, but that doesn't mean that Modern Monetary Theory is wrong. Rather it means that sustaining a purely fiat currency system requires more political virtue than any society has ever been able to sustain.

But of course current monetary systems are full of their own inflation and corruption, and government's issuing money directly, in accordance with Modern Monetary Theory, might be a lot more efficient and fairer than the current system in the United States particularly, which subsidizes large financial institutions in the money-creation process, the issuance and monetization of government debt, and thereby diverts national wealth to a parasitic elite.

What's wrong is government's operating surreptitiously with money creation and markets. Since, as GATA has documented extensively, governments are already rigging markets comprehensively in support of their currencies --

http://gata.org/node/14839

-- it may be hard to see how a change of policy to Modern Monetary Theory could make things much worse.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Ignored For Years, a Radical Economic Theory Is Gaining Converts

By Michelle Jamrisko
Bloomberg News
Sunday, March 13, 2016

In an American election season that's turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Deficits are dangerous.

A school of dissident economists wants to toss that one onto the flames, too.

It's a propitious time to make the case, and not just in the U.S. Whether it's negative interest rates, or helicopter money that delivers freshly minted cash direct to consumers, central banks are peering into their toolboxes to see what's left. Despite all their innovations, economic recovery remains below par across the industrial world.

Calls for governments to take over the relief effort are growing louder. Plenty of economists have joined in, and so have top money managers. Bridgewater's Ray Dalio, head of the world's biggest hedge fund, and Janus Capital's Bill Gross say policy makers are cornered and will have to resort to bigger deficits.

"There's an acknowledgment, even in the investor community, that monetary policy is kind of running out of ammo," said Thomas Costerg, economist at Standard Chartered Bank in New York. "The focus is now shifting to fiscal policy."

That's where it should have been all along, according to Modern Money Theory. The 20-something-year-old doctrine, on the fringes of economic thought, is getting a hearing with an unconventional take on government spending in nations with their own currency.

Such countries, the MMTers argue, face no risk of fiscal crisis. They may owe debts in, say, dollars or yen -- but they're also the monopoly creators of dollars or yen, so can always meet their obligations. For the same reason, they don't need to finance spending by collecting taxes, or even selling bonds. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-03-13/ignored-for-years-a-ra...

* * *

Join GATA here:

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Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
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Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

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

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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:

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To contribute to GATA, please visit:

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Central Banks Out of Bullets: THE GOLD BULL IS BACK

Posted: 13 Mar 2016 06:05 PM PDT

by SGT, SGT Report.com:

The multi-year bear market for gold and silver mining stocks appears to be coming to an abrupt end as gold breaks important resistance. The GDX mining stocks ETF has moved from $12 to over $19 in less than two months. As we re-enter a GLOBAL gold bull market, smart money appears to be leveraging rising gold and silver prices through the precious metals mining company stocks. Amir Adnani, the founder and Chairman of Brazil Resources joins me to discuss his outlook for the precious metals mining sector and global economy. About the central bankers Adnani says “They’re out of bullets.” As the result of negative interest rates and endless fiat money printing, people are quickly turning back to real money, gold. Adnani believes we are at the very beginning of an historic gold bull market, the likes of which the world has never seen.

Mainstream Media vs Donald Trump

Posted: 13 Mar 2016 04:00 PM PDT

Love him or hate him, there can be no doubt that the establishment media has been ordered to attack Donald Trump.Will the establishment topple Trump? Here are some amazing examples of mainstream media hit pieces. The Financial Armageddon Economic Collapse Blog tracks trends and...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

2016 America: The US Collapse Has Begun AIIB BRICS STOPPED Using FED Dollar

Posted: 13 Mar 2016 02:07 PM PDT

Stock-market crash of 2016: The countdown begins It's time to start the countdown to the crash of 2016. No, this is not a prediction of a minor correction. Plan on a 50% crash.Most investors don't want to hear the countdown, will tune out. Basic psychology. They'll keep charging ahead with a...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Gold and Silver COT Update - Get 30,000 Coffins Ready...

Posted: 13 Mar 2016 12:48 PM PDT

PM Sector longs have had a laugh at our expense over the past couple of weeks as gold has continued to edge higher after we called it down, but it is looking more and more like they will end up like those 4 fools in the classic Clint Eastwood Spaghetti Western, A Fistful of Dollars. Clint rides into a tiny flyblown town and the 4 fools shoot around his mule's feet. After advising the undertaker to Get 3 coffins ready, having made a slight underestimation, Clint returns and challenges the 4 fools by saying "When you apologize to my mule like I know you're going to". Needless to say they do not respond in the required manner to this demand and so Clint quickly dispatches them to the great satisfaction of the undertaker.

Gerald Celente Predicts “The Panic of 2016.”

Posted: 13 Mar 2016 12:43 PM PDT

 What does the top trends forecaster predict for 2016? Celente says, "Here's the cover of our Trends Journal, and it says "The Panic of 2016." It is under way. Gold is up over 20% since the beginning of the new year. Look at the banking stocks. They are down. Follow the money, that's the...

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Donald Trump Anderson Cooper CNN full interview

Posted: 13 Mar 2016 12:00 PM PDT

FULL Interview Donald Trump One on One with Anderson Cooper at CNN, March, 9, 2016 Donald Trump Anderson Cooper CNN full interview The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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WW3 RED Alert Putin To Saudi Arabia & Turkey ISIS Any Attack Will Lead To Full Scale War

Posted: 13 Mar 2016 11:30 AM PDT

Russia Surrounded Turkey & Saudi Arabia To BOMB Syria 2016 The US Collapse AIIB BRICS STOPPED Using FED Dollar The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Donald Trump Rally in Bloomington, IL (3-13-16) -- Full Speech

Posted: 13 Mar 2016 10:59 AM PDT

Sunday, March 13, 2016: GOP Presidential candidate Donald Trump held a campaign rally in Bloomington, IL at the Synergy Flight Center. Full Speech: Donald Trump Rally in Bloomington, IL (3-13-16) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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BREAKING: "Muslim Gunmen Attack Ivory Coast Resort 7 Dead"

Posted: 13 Mar 2016 10:46 AM PDT

 4 Muslim Militants opened fire upon innocent tourist on a beach in the Ivory Coast The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Gold and Silver COT Update - Get 30,000 Coffins Ready...

Posted: 13 Mar 2016 09:20 AM PDT

Clive Maund

Central banks aim to beat bitcoin at own game with rival supercurrency

Posted: 13 Mar 2016 08:57 AM PDT

By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, March 13, 2016

Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large tranches of the financial industry and profoundly change the management of monetary policy.

The proto-currency known as RSCoin has vastly greater scope than bitcoin, used for peer-to-peer transactions by libertarians across the world and beyond the control of any political authority.

The purpose would be turned upside-down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoi...



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Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

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Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

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

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

Money Velocity Proves Q.E. Failure

Posted: 13 Mar 2016 08:44 AM PDT

The current monetary policy is stuck in place. It is highly destructive to banking systems, working capital, and financial markets. Yet it continues ad infinitum, actually until the great collapse. A systemic Lehman event is in progress, as the global financial structure is collapsing. The only remedy is the Gold Standard installation, which is happening, but its architects are from the East. They are labeled as enemies, when the root problem is in the Western banking hive.

Gold and Silver - Central Banks As Financial Cosmeticians

Posted: 13 Mar 2016 08:25 AM PDT

Today was just one of those days where the 'invisible hand' tries to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and 'lays an egg' in doing it. So after all this today, are you feeling more confident in The Recovery™?

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