Gold World News Flash |
- Interest Rates and Gold
- Jeff Clark: Here's why you should stay away from gold ETFs
- Why USDJPY Matters (Or The Carry Collapse Cometh)
- "It's Just An Illusion" Santelli & Schiff Slam Fed-Watchers' "Blind-Eye" To Yellen's "Phony Recovery"
- "The Gold Price Has Been Captured By The Modern Banking System"
- Department Of Education - Our Work Here Is Done
- "The People Aren't Stupid" - Germany Takes Aim At The ECB, May Sue Draghi: Spiegel
- The Coming Collapse Will Be Talked About For Centuries... If We Are Even Still Here To Talk About It
- The Gold Vaults of Hong Kong: Brinks, Malca Amit, Loomis
- Leo Zagami : Pope Calls For One World Religion
- "A WORLD WAR has ALREADY BEGUN. Break the Silence" -- John Pilger
- The MOST Significant SIGN Of Americaʻs Destruction Is HERE! (2016)
- Is Silver a Long Term Buy or Bull Trap
- Gold and Silver: Ripe for a Recovery!
- Cologne Mass Rape -- The Night that changed Germany
- Now French voters call for FREXIT after Germany face demands for EU referendum.
- Gerald Celente - Clinton Sanders Will Take the White House
- Gold And Silver - Fallacy Of East v West And Price Of Precious Metals
- Can Silver Keep Pace With Gold?
- Rickards Confirms Gold Shortages: China Wants Way More Than Can Be Obtained
- In Cambodia, the ghosts prefer dollars
- Senior bosses at world's biggest banks 'knew LIBOR was rigged'
| Posted: 09 Apr 2016 10:11 PM PDT Finance and Eco. |
| Jeff Clark: Here's why you should stay away from gold ETFs Posted: 09 Apr 2016 10:03 PM PDT 1p HKT Sunday, April 10, 2016 Dear Friend of GATA and Gold: Jeff Clark, senior metals analyst for Hard Assets Alliance, explained this week why gold exchange-traded funds are not really gold at all for the ordinary investor but rather mere claims on an asset that may not be accessible when an investor really wants it. Citing the exchange-traded fund GLD, Clark notes that it "uses a custodian -- without question the most crucial counterparty in a gold ETF -- with a history of unethical behavior that many investors aren't aware of." Even GLD investors owning the number of shares necessary to be allowed to convert them to metal -- 100,000 -- are not fully secure, according to Clark. He writes: "The fund reserves the right to 'settle in cash.' Even if you meet all the requirements for delivery, the fund can, for any reason it deems necessary, send you a check instead of bullion." Clark's analysis is headlined "Here's Why You Should Stay Away from Gold ETFs" and it's posted at the Hard Assets Alliance Internet site here: http://www.hardassetsalliance.com/blog/heres-why-you-should-stay-away-fr... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Silver Coins and Rounds with Employee Pricing and Free Shipping Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory. Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping. So go to -- -- and type "GATA" in the radio box at the top of the page. Join GATA here: Mining Investment Asia 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: To contribute to GATA, please visit: |
| Why USDJPY Matters (Or The Carry Collapse Cometh) Posted: 09 Apr 2016 06:40 PM PDT The yen’s strength may be tripping up U.S. stocks as the collape of the BoJ-inspired carry trade pressures leverage and risk-taking around the world. As Bloomberg notes, in the last 10 instances the yen rallied at least 1 percent against the dollar, the Standard & Poor’s 500 Index lost 0.8 percent on average, the most since at least 2008.
Andrew Brenner, National Alliance Capital Markets' head of international fixed income, confirms the weakness in US equities could be due to a breakdown in what's known as a carry trade, in which investors borrow money in a low interest-rate environment such as Japan’s to fund investments in higher-yielding assets. And as Acting-Man.com's Pater Tenebrarum details, a stronger yen usually doesn’t bode well for stocks. We once again should warn that such correlations are never valid “forever”. The only thing one can always expect to happen in financial markets and the economy is constant change. Still, given recent experience, we are wary that yen strength could be a sign that the recent party in “risk” will soon be derailed. On the other hand, we have to acknowledge that market internals have greatly improved due to the recent strong bounce in the commodity and industrial sub-sectors. At the same time, defensive sectors have only surrendered very little of their previous gains. Options markets are largely in “neutral” mode – there is neither a great deal of enthusiasm in evidence, nor is there much fear. A similarly meaningless backdrop in options could however be observed in the July-August period as well, so this doesn’t necessarily mean much.
SPX daily: the SPX has returned into the area of congestion that contained it prior to the January sell-off. Put-call ratios look largely neutral at present, which is quite similar though to what they looked like shortly before the late August break – click to enlarge.
As we noted at the time of the interim lows in early to mid February, there was elevated crash risk due to the market’s proximity to important medium term support levels. However, once this risk had passed, we expected the SPX to rally back close to one of the previously established resistance areas. It has in fact gone quite far in the meantime, by moving right back into the congestion zone it inhabited prior to the January breakdown. This continues to be in keeping with the 1962 and Nikkei 1990 analogs, which we have previously discussed (both examples for “unseasonal” market weakness in early January). These analogs call for the next interim peak to be established sometime in the March to May period. If these models remains applicable (which is of course far from certain), then we are now in the phase designated “standard rebound from initial sell-off” on the chart below:
DJIA, 1961 – 1962: after a bout of weakness in early January, a rebound brings the market nearly back to its previous highs, and then a large selling wave commences – click to enlarge.
Looking back to the February low, one had to look for subtle clues that might indicate whether the lows would or wouldn’t hold, given the heightened crash risk at the time (that the lows would hold was always the higher probability outcome of course, but caution seemed definitely advisable). One of these signs was that previously weak sectors that had been downside leaders started to outperform the rest of the market. This was e.g. evident when comparing the DJIA to the Transportation Average. This is worth noting because the two averages have recently diverged again – only, the other way around. Here is a chart illustrating these divergences:
Short term divergences between the DJ Industrial Average and the Transportation Average. A bullish divergence occurred at the February lows, whereas a slight bearish divergence is in evidence currently – click to enlarge. * * * Of course, the real question should be - how much longer can this facade be upheld...
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| Posted: 09 Apr 2016 06:17 PM PDT "This economy would have to improve dramatically to get to mediocre," warns Schiff, otherwise, as Santelli rages they would be hiking rates and talking confidently, adding that either Fed-watchers are "going along with it to earn a paycheck" - just as they did in 2008 - or "they are ignorant."
After just over 3 minutes of painful reality checks, Schiff sums up it all up perfectly, reflecting on the Sanders-Trump phenomena, "behind all those phony jobs numbers are a lot of angry Americans as everyone pretends this is a legitimate recovery."
Enjoy the following 200 seconds of truth - they don't come around too often nowadays... |
| "The Gold Price Has Been Captured By The Modern Banking System" Posted: 09 Apr 2016 06:15 PM PDT Submitted by Alasdair Macleod via GoldMoney.com, It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price. Like all assumptions about prices, sometimes it is true and sometimes not. The market today is all about synthetic gold, gold which is referred to but rarely delivered. The current relationship is therefore one of relative interest rates, because positions in synthetic gold, in the form of futures and forwards, are financed from wholesale money markets. This is why a rumour that interest rates might rise sooner than expected, if it is reflected in forward interbank rates, leads to a fall in the gold price. To the extent that this happens, the gold price has been captured by the modern banking system, but it was not always so. The chart below shows that rising interest rates were accompanied by a higher gold price in the 1970s after 1971.
We can divide the decade into four distinct phases, numbered accordingly on the chart. In Phase 1, to December 1971, interest rates fell and gold increased in price, much as today's market expectations would suggest, but from then on until the end of the decade a strong positive correlation between the two is clear. So why was this? Those of us who worked in financial markets at the time may remember the development of stagflation in the late sixties and into the first half of the seventies, whereby prices appeared to be rising without a corresponding increase in underlying demand for the goods concerned. This put central banks in a difficult position. In accordance with post-war macroeconomic thinking, monetary policy was (as it is to this day) one of the principal tools for promoting economic growth, and so the lack of growth was put down to insufficient stimulus. Therefore, monetary policy was diametrically opposed to the higher interest rates needed to counter increasing price inflation. The result was central bankers wished for low interest rates but were forced by markets into raising them, which they did reluctantly and belatedly. This is the logical reason the gold price rose to discount the increasing rate of price inflation, instead of being suppressed by increasing interest rates. This was Phase 2 on the chart. Stagflation was very evident up to the end of 1974. Dollar price inflation measured by the producer price index increased by over 25% that year, reflecting higher oil prices imposed by the OPEC cartel. Inflation measured by the CPI peaked at 12%. Equity markets collapsed, with the Dow halving and London's FT30 falling by over 70% from its 1972 high. In London, the secondary banking crisis, triggered by rising interest rates, led to the failure of banks which had loaned money to property developers, resulting in a financial crash in November 1973. Again, mainstream economists were confounded, because the collapse in demand following that crisis should have led to deflation, but prices kept on rising. The gold story was not just a simple one of belated and insufficient rises in interest rates, as the economic runes suggest. The riches endowed on the Middle East from rising oil prices benefited, in western terms, a backward society which invested a significant portion of its windfall dollars in physical gold. This was natural for the Arabs, who believed gold was money and dollars were a sort of funny paper. Investing in physical gold was also recommended to them by their Swiss private bankers. The recycling of petrodollars into gold routinely cleaned out the US Treasury's gold auctions, which failed to suppress the rising gold price. The financial crisis and the associated collapse of stock markets in 1974 lead us into Phase 3 on the chart. Interest rates declined after the stock markets began to recover from the extreme depths of negative sentiment at that time. The gold price also declined, with the price almost halving from just under $200 in December 1974 to just over $100 in August 1976. It had become apparent that the financial world would survive after all, so bond yields fell while stockmarkets recovered their poise during that period. Fear subsided. Again, the gold price had correlated with interest rates, this time declining with them. We then commenced Phase 4. From 1976 onwards, economic activity stabilised and price inflation picked up later that year, with the dollar CPI eventually hitting 13% in 1980. Interest rates rose along with price inflation, and gold ran up from the $100 level to as high as $850 at the London PM fix on 21 January 1980. For a third time, the gold price correlated with rising interest rates. From the history of the 1970s, we have learned that today's non-correlating relationship between gold and interest rates cannot be taken as normal in future market relationships. Admittedly, derivative markets and the London bullion market were not as well-developed then as they are today. But they certainly were in gold's next bull market, from the early 2000s to 2011. However, the comparison with the seventies is the more interesting, particularly given the emergence of stagflation at that time. While official inflation figures today show the relative absence of price inflation, much of that is down to changes in the way it is calculated. John Williams of ShadowStats.com estimates that inflation today, calculated as it was in the eighties, runs consistently higher than official figures suggest. He reckons it is currently at about 5%. And the Chapwood Index, compiled quarterly including 500 commonly bought items in 50 American cities, records price inflation at 1970s levels, closer to 9%. As always, official statistics such as the CPI should be treated with immense caution, as John Williams's and the Chapwood inflation estimates confirm. But even the suppressed official CPI is likely to rise beyond the Fed's 2% target within a year from now, if the recent increases in prices of raw materials and energy hold. This is because the negative factors that have suppressed the index, such as the oil price, will soon be dropping out of the back-end of the statistic, giving the CPI an upward boost. Furthermore, rising raw material and energy prices will have little to do with the level of economic demand in the US, because the US economy is no longer the driver for commodity prices. That role now belongs to China, which plans to use vast quantities of raw materials for domestic economic and Asia-wide infrastructure development, and accordingly is beginning to stockpile them. On this simple analysis, we can see how domestic US prices could record a significant rise without any increase in domestic demand. In other words, the conditions now exist for the stagflation that became so pernicious from the late 1960s onwards. The question then arises as to how the Fed will respond. One thing hasn't changed over the decades, and that is central bankers' assumptions that prices are tied, however loosely, to demand. This is the text-book basis of the inflation target, which assumes that a 2% inflation rate is consistent with sustainable economic growth. There is, in conventional macroeconomics, no explanation for stagflation, despite evidence the condition exists. No one is more surprised than the forward-thinking members of the Fed's policy-making committees, who anticipate the same dilemma that their predecessors faced in Phase 2 of our chart of the 1970s. The US economy will be stagnating, while price inflation is rising. The Fed will be torn between the need to keep interest rates low to stimulate credit demand, and raising interest rates to control price inflation. Only this time, a rise in interest rates and bond yields averaging no more than two per cent could be curtains for the Fed itself, because the losses on its bond investments, acquired in the wake of the financial crisis and through quantitative easing, will easily exceed its so-called capital. The dynamics behind the gold market are however different now from the early seventies. Debt levels today are so high they risk destabilising the whole financial system, making it impossible for the Fed to raise interest rates much without causing a financial wipe-out. Asian governments, such as the Chinese and the Russians are known to have been accumulating strategic positions in physical gold, and the Chinese and Indian populations along with other Asian people have also exhibited notable appetites for physical metal. Instead of starting from a position where the US Treasury on its own in 1969 still held 14% of estimated above-ground stocks, its holding is officially at less than 5% of them today. That is, if you believe it still has the stated 8,134 tonnes. This time, the gold price is likely to be driven by physical shortages in the old world, as American and European investors wake up to stagflation, their central bank's interest rate dilemma, and the loss of physical liquidity from their vaults. Today's market set-up, particularly if Chinese demand for energy and commodities materialises in accordance with her new five-year plan, looks like replicating the early stage of Phase 2 in the introductory chart to this article. Gold increased fivefold from $42 to a high of about $200 in three years. The circumstances today have notable differences, not least the launch-pad of negative interest rates. But we can begin to see why, despite the near infinite growth of derivatives as a price-control mechanism, it could be mistaken to assume that the link between interest rates and gold is normally one of non-correlation, and will continue to be so. |
| Department Of Education - Our Work Here Is Done Posted: 09 Apr 2016 06:15 PM PDT Submitted by Jim Quinn via The Burning Platform blog, It appears a few children were left behind. The Department of Education was created in 1979 and now has an annual budget of $73 billion, with 5,000 government bureaucrats roaming its hallways. When you include all Federal, State and Local spending on public education it totals about $700 billion per year, or $13,000 per student. The Department of Education was created to improve the education of our children. After 37 years and trillions of dollars “invested” in our children, see below what they have achieved. The public school teachers who have been on the front lines for the last 37 years work 9 months per year, earn above average salaries, get awesome benefits, and have gold plated pension plans – all at the expense of taxpayers. And look what they have accomplished. The tens of millions of illiterate drones think they deserve $15 per hour because it’s fair, even though they can’t count to fifteen or spell fifteen.
STAGGERING ILLITERACY STATISTICSCalifornia
The Nation
The Economy
Impact on Society:
(Source: National Institute for Literacy, National Center for Adult Literacy, The Literacy Company, U.S. Census Bureau) * * * All that's needed now is a "Mission Accomplished" banner and this is yet another perfect example of the failure of government intervention. |
| "The People Aren't Stupid" - Germany Takes Aim At The ECB, May Sue Draghi: Spiegel Posted: 09 Apr 2016 06:09 PM PDT One month ago, when Mario Draghi unveiled his quadruple-bazooka QE expansion, which for the first time ever included the monetization of corporate bonds, the German press, in this case Handelsblatt, had a swift reaction. It did not approve.
Fast forward a month later when the ECB is now contemplating the final monetary gambit, launching helicopter money, and Germany's most respected (in official circles) financial media, Spiegel, is out with an article titled "Germany Takes Aim at the European Central Bank", in which - as expected - we read that relations between Germany and the Frankfurt-based ECB have just hit new lows:
This is nothing new: we have been hearing laments by Europe's biggest bank, Germany's Deutsche Bank, that the ECB has gone too far for over two months now (initially in "A Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us"). But for Merkel to take her feud in the open, and seeking to once again freeze relations between Germany and the ECB at this fragile juncture for the future of Europe, when Draghi has once again failed to stimulate inflation, when he has crushed European banks, but at least has unleashed a massive debt issuance spree, is troubling. The alienation between Germany and the ECB has reached a new level. Back in deutsche mark times, Europeans often joked that the Germans "may not believe in God, but they believe in the Bundesbank," as Germany's central bank is called. Today, though, when it comes to relations between the ECB and the German population, people are more likely to speak of "parallel universes." The reason for German anger: rates.
If you want to get Germans angry, really angry, just suggest hyperinflation which is what helicopter money always leads to. They are really angry now; and an angry electorate is something Merkel, who has seen her popularity crushed as a result of Germany's grotesque refugee experience, does not need..
Then again, just like when Draghi launched QE over Merkel's protests, not even the Chancellor is prepared to openly oppose the former Goldman employee.
There is only one person who is not worried about offending the Italian central banker: Germany's finance minister, Wolfi Schauble.
To wit: Most dangerous for Draghi, however, is the displeasure from the German Finance Ministry. A few weeks ago, Finance Minister Wolfgang Schäuble warned the ECB head that his ultra-loose monetary policies could "ultimately end in disaster." The fact that Schäuble said anything at all is rather surprising, as were the words he chose. Out of respect for the ECB's independence, finance ministers tend not to comment on decisions made by the central bank. And here we get to the key point - according to Spiegel, the German finance minister is preparing to block the ECB's helicopter money by any legal means possible:
Actually, the outcome would be far less dramatic. Remember Draghi's imaginary OMT program, the "deus ex" contraption he had to conceive to validate his 2012 threat of doing "whatever it takes?" Well, that led to a few lawsuits, the German constitutional court it wasn't exactly good... and then washed its hands and punted to Brussels which promptly agreed with the ECB. Why would this time be any different. We do agree with Spiegel, however, that the threat of legal action indicates how powerless Germany's ruling party suddenly feels: "the very fact that senior officials in the German Finance Ministry are considering their legal options makes it clear just how great the frustration with Draghi has become." Next, Spiegel does its best attempt at humor by saying that "the ECB head's ever more imaginative ideas for increasing the money supply, say Finance Ministry officials, indicate that he is only concerned about the psyche of the international financial markets and not about average German savers." Uhm... yes. The ECB's head is not concerned about German savers and yes, he is only concerned about financial markets. Did you really need the ECB to launch helicopter money to tell you that? But beyond the merely theatrical, one thing neither Draghi nor Merkel seem to have grasped, is that just like everywhere else around the globe, so in Germany the vast majority of the population is now openly angry with monetary policy, even if they can't explicitly name the person behind their anger (around 70% of Americans think the Federal Reserve is a national park):
That's right, because you are terrified of being loud. Because while the ECB's NIRP means a slow death for Deutsche Bank, should the ECB cut off Germany in a full blown vendetta, that would mean the death of Europe's biggest bank overnight. Meanwhile other politicians are seeing cracks in Merkel's facade and are eager to capitalize on the fury against low rates (and the ECB):
It's not just politicians: take Nikolaus von Bomhard.
As a reminder, this is the same Bomhard who as we reportedly previously, recently revealed that Munich Re had set aside gold and also cash in the company's safes. "It is a move that many normal Germans have already made. According to banking associations, the demand for safes and lockers has gone up as people are apparently concerned that they may soon have to pay negative interest rates to their banks, just as commercial banks must now pay the ECB." At least unlike Japan, where the scramble for cash is so great the Finance Ministry has had to print additional ¥10,000 bills, so far Germany hasn't run out of physical money. So far. Meanwhile, instead of at least pretending to hear German concerns, "Draghi has become increasingly annoyed by the constant criticism coming from Germany. He feels unjustly targeted and has insisted even more stubbornly on the correctness of his policies as a result - such as during a recent speech to German stock traders just outside of Frankfurt. What haven't his German critics tried in their efforts to shed doubt on the measures he has taken, Draghi complained. They have warned of mega-inflation and of a red ECB balance sheet, the ECB head continued, but none of it has come to pass. "Repeatedly, those who have called our decisions into question, have been proven wrong," Draghi said. It was the Mario Draghi that many of his German listeners were all too familiar with: the man who is never wrong." * * * In the end, it is absolutely clear that Draghi will be wrong, just as Bernanke was wrong when he said "subprime was contained" or that "there will be no recession" months after one had started, and hundreds of other things the former "I am the smarest man in the world and i know it" was wrong about, but the question whether his error will bring not only Europe, but the entire world to hyperinflationary ruin, may depend on just one thing: whether the Germans succeed in reining him in. For now, however, we doubt it. Hours after the Spiegel article hit, Reuters cited the German finance ministry which "denied that it would consider taking legal action if the European Central Bank resorts to "helicopter money" distributions to euro zone citizens, an extreme form of monetary easing." And so Germany retreats once more, terrified to openly engage the European Central Bank. * * * As senior German conservative lawmaker Ralph Brinkhaus was quoted by Spiegel, Germany needed to "put the ECB under pressure to provide justification" because "otherwise nothing will change." It is clear enough that, at least for the time being, nothing will change and that helicopter money is indeed coming. Trade accordingly. |
| The Coming Collapse Will Be Talked About For Centuries... If We Are Even Still Here To Talk About It Posted: 09 Apr 2016 05:33 PM PDT Jeff is interviewed by Herchel 36 from Truth is Stranger than Fiction on the Beat 106 FM in Southern Spain. Topics include: the success of the Anarchapulco 2016 Conference, government is an unnecessary evil, transitioning to statelessness, Liberland, the TDV investing approach and The Beginners... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| The Gold Vaults of Hong Kong: Brinks, Malca Amit, Loomis Posted: 09 Apr 2016 05:00 PM PDT by Ronan Manly, Bullion Star:
The article "From Good Delivery bars to Kilobars – The Swiss Refineries, the GFMS data, and the LBMA" examined the mountain of evidence concerning the known Swiss conversion of Good Delivery bars into kilobars for export to gold markets in the East. As a further step in this process, it's worth taking a look at the substantial evidence of these kilobars either being accumulated, or passing through, vault locations in markets such as the Hong Kong gold market. It's also worth looking at where these gold vaults in Hong are actually located. Kilobar Accumulation in Hong Kong In March 2015, the CME Group launched a Hong Kong based gold kilo futures contract. This contract is physically deliverable at various Hong Kong precious metals vaults.
Note that most of the trades on this contract are executed OTC through CME appointed market makers, so will not appear as exchange trading volume in CME market data statistics. CME announced a market maker program on 8 January 2015 whereby "Participants must quote continuous two-sided markets in the applicable Product, at predetermined average bid/ask spreads and minimum quote sizes", the product being the "Gold Kilo ("GCK") futures that are traded on the CME Globex Platform." On 16 April 2015, CME modified its market maker program, by increasing the number of designated market makers from 10 to 12. CME Vault Inventory AnalysisAs part of the 2014 pre-launch operational procedures for the CME's Hong Kong gold contract, the CME analysed the vault inventories of the storage companies that were interested in having their vaults approved, and the CME then submitted various documents to its commodities regulator, the US CFTC. On 11 September 2014, Brink's Global Services, USA, Inc, HKIA Precious Metals Depository Limited, and Via Mat Management AG all applied for vault approval for the CME Hong Kong kilobar gold contract (see official CME notice here). Note that HKIA is an abbreviation for Hong Kong International Airport. Three months later on 11 December 2014, CME issued a notice that Malca-Amit had also applied for vault approval for the Hong Kong kilobar gold futures contract (see official CME notice here). On 6 January 2015, CME approved both the Brinks and the Malca-Amit vault applications for the kilobar contract (see exhibits 1 and 2 here), but the HKIA and Via Mat applications, at that time, remained unprocessed (or unapproved). |
| Leo Zagami : Pope Calls For One World Religion Posted: 09 Apr 2016 04:30 PM PDT On today's show, researcher Leo Zagami breaks down how the "Panama Papers" could influence global politics. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| "A WORLD WAR has ALREADY BEGUN. Break the Silence" -- John Pilger Posted: 09 Apr 2016 04:02 PM PDT They talk of PEACE but do the Opposite! Mass Media is NOT telling the TRUTH thus leading to CHAOS and INJUSTICE worldwide!"A WORLD WAR has ALREADY BEGUN. Break the Silence" - John Pilger. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| The MOST Significant SIGN Of Americaʻs Destruction Is HERE! (2016) Posted: 09 Apr 2016 03:18 PM PDT What you need to know about the Baʻal Temples....The MOST Significant SIGN Of Americaʻs Destruction Is HERE! (2016) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Is Silver a Long Term Buy or Bull Trap Posted: 09 Apr 2016 12:31 PM PDT Vimal Patel writes: Conflicting charts patterns suggest we may be entering a long term Bull market |
| Gold and Silver: Ripe for a Recovery! Posted: 09 Apr 2016 12:24 PM PDT China May well Change the Game China lifts reading of cenbank gold holdings by 57 pct Gold now accounts for 1.65 pct of total forex reserves |
| Cologne Mass Rape -- The Night that changed Germany Posted: 09 Apr 2016 11:41 AM PDT A Night In Cologne: The New Year's Eve celebrations that changed Germany's attitude to refugees The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Now French voters call for FREXIT after Germany face demands for EU referendum. Posted: 09 Apr 2016 10:41 AM PDT Now French voters call for FREXIT after Germany face demands for EU referendum Migrant crisis is mostly Thanks to Merkel not Europe. Merkel should be campaigning for a brexit with UKIP (namely Farage) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gerald Celente - Clinton Sanders Will Take the White House Posted: 09 Apr 2016 10:02 AM PDT Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn you, or prevent to lose money. Do you want to be informed with Max Keiser, Alex Jones, Gerald Celente, Peter Schiff, Marc Faber, Ron Paul,Jim Willie, V Economist, and many specialists... [[ 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 - Fallacy Of East v West And Price Of Precious Metals Posted: 09 Apr 2016 08:01 AM PDT The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU. Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered "gofer" for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an "old friend," referring to him as a "world class politician." Putin embracing a globalist is no accident. |
| Can Silver Keep Pace With Gold? Posted: 09 Apr 2016 07:45 AM PDT By Debbie Carlson | Contributor: Some investors like silver’s dual status as an alternative currency and industrial commodity. Gold’s surprising strength in price is capturing headlines, but another precious metal, silver, is chasing gold’s coattails – without the fanfare. Silver futures are up about 8.5 percent this year, making it stand out among other commodities and financial markets. Investors snapped up coins, with U.S. Mint data showing March silver coin sales were up 17 percent over the previous year’s figure. Inflows into silver-backed exchange-traded funds witnessed their highest monthly inflow since December 2010, according to Commerzbank. |
| Rickards Confirms Gold Shortages: China Wants Way More Than Can Be Obtained Posted: 09 Apr 2016 07:41 AM PDT Exclusive Interview with Jim Rickards on the Confused Fed, Gold Manipulation, and Negative Interest Rates Dear Reader, Hi, best-selling financial author and trusted government currency adviser Jim Rickards here. If you haven’t heard, I’ve just released a new book called The New Case for Gold. The book warns of a few critical dangers that every American should begin preparing for right now. |
| In Cambodia, the ghosts prefer dollars Posted: 09 Apr 2016 02:40 AM PDT By Julia Wallace PHNOM PENH, Cambodia -- One recent morning Suon Sokhum, a colonel in the Cambodian Army, was shopping for gifts for his ancestors. Qingming, the annual festival to honor the dead, was coming up, and throughout the Chinese diaspora in Southeast Asia, people burn offerings to provide for their ancestors in the spirit world. At a stall on the southern fringe of one of the city's oldest markets, he browsed votive wares ranging from traditional red candles to glossy Lexus sport utility vehicles made of cardboard, finally settling on several sets of paper clothing and four neat stacks of replica $100 bills. Col. Suon Sokhum paid for the presents in local currency, the riel, but said he would never consider offering riel to his ancestors. They, like ghosts and spirits throughout Cambodia, prefer dollars. ... ... For the remainder of the report: http://www.nytimes.com/2016/04/09/world/asia/cambodia-qingming-festival-... ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: Join GATA here: Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA 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: To contribute to GATA, please visit: |
| Senior bosses at world's biggest banks 'knew LIBOR was rigged' Posted: 09 Apr 2016 02:22 AM PDT This is funny since the Telegraph itself knows that the gold market is rigged too but won't report it any more than the bankers on trial here reported the rigging they saw. * * * Senior Bosses at World's Biggest Banks 'Knew LIBOR Was Rigged' By Tim Wallace Senior bosses at the biggest banks in the world were well aware that Libor numbers were wrong and being rigged, a court has heard. Five former Barclays bankers are on trial accused of conspiracy to defraud, and prosecutors claim they acted dishonestly to manipulate key interest rate benchmark Libor with the aim of benefiting traders' financial positions. But lawyers for the former bankers disclosed evidence yesterday that they say proves the practice was widely accepted in the market. Because the bankers had never been told otherwise, the jury at Southwark Crown Court heard, they cannot be said to have acted dishonestly. ... ... For the remainder of the report: http://www.telegraph.co.uk/business/2016/04/08/senior-bosses-at-worlds-b... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com Join GATA here: Mining Investment Asia 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: To contribute to GATA, please visit: |
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