Gold World News Flash |
- Key Points To Take Home On Today’s Gold Market
- Signals – From Gold and the S&P
- Doug Casey — Gold’s Ultimate Price? Think Niagara Falls Through a Garden Hose
- FEAR OF FIAT: Soros & Central Banks Buying Gold, Inflation on the Rise
- Gold Price Closed down at $1273.70 down $2.50 or -0.20%
- SILVER REMAINS THE CHEAPEST INVESTMENT ON EARTH — Dave Kranzler
- China Sends Hawkish Fed A Message - Devalues Yuan Near 2016 Lows
- Elizabeth Holmes Admits Theranos' "Technology" Is A Fraud: Restates, Voids Years Of Test Results
- Are Globalists Evil Or Just Misunderstood?
- GoldMoney launches gold payroll and gold payout applications for BitGold business platform
- SIGNS OF THE END PART 170 - LATEST EVENTS MAY 2016
- George Soros Is Collapsing the US Dollar Which Will Lead to WW III
- Washington’s Fiscal Hypocrisy Is Too Rich for Words
- Venezuelan Economic Collapse Planned for America
- Warning: The Smart Money is Fleeing U.S. Stocks
- This Is Why America Is Falling Apart
- Economic Collapse: Rigged Markets, Soros Makes Gold His Largest Holding, Doubles S&P Puts
- The Best Donald Trump video you will ever watch
- Anonymous Strikes the Heart of the Empire, Takes Down U S Federal Reserve Bank
- Fed Speakers Sing From The Same Song Sheet
- Precisely Wrong on Dollar, Gold?
- Doug Pollitt: Devaluing dollar and debt by revaluing gold is getting respectable
- Massive Silver Price Rally During The Coming US Dollar Collapse
- Precisely Wrong on US Dollar, Gold?
- Wednesday Morning Links
| Key Points To Take Home On Today’s Gold Market Posted: 18 May 2016 11:38 PM PDT Dear Comrades in Golden Arms, I was there and considered by some to have been the largest gold trader from 1968 to March 1980. I recall every day of it like it was yesterday. NOW: I do not believe that gold has registered its all-time high by a long shot. I do not accept the... Read more » The post Key Points To Take Home On Today’s Gold Market appeared first on Jim Sinclair's Mineset. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Signals – From Gold and the S&P Posted: 18 May 2016 11:01 PM PDT Thanks to High Frequency Trading and the rise of the machines in the electronic markets, gold and the S&P 500 Index are difficult for non-machines to understand and predict on a short term basis.... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Doug Casey — Gold’s Ultimate Price? Think Niagara Falls Through a Garden Hose Posted: 18 May 2016 09:00 PM PDT from JayTaylorMedia: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| FEAR OF FIAT: Soros & Central Banks Buying Gold, Inflation on the Rise Posted: 18 May 2016 07:33 PM PDT from RT America: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Closed down at $1273.70 down $2.50 or -0.20% Posted: 18 May 2016 07:05 PM PDT
Don't y'all think the most appalling thing about the yankee government & Federal Reserve is their merciless tiresomenesst? Their tedious predictability? The programmed fear & instability? They need a new choreographer. So with utter predictability the Fed's Federal Obtuse Moron Committee today HINTED they might just raise rates in June after all -- no promises, mind you, but hints that those who read the Fed's sheep livers can plainly see. I say this was "predictable" because they needed to boost the dollar, which had stalled, and more, they need to keep markets off balance, constantly sawing from one expectation to the other so nobody will know what they plan. Maybe they have some reason for this (I doubt it's valid) but the net outcome is to prevent millions of folks from planning & ordering their lives, and to plant instability & uncertainty like Kudzu. It remains "a tale told by an idiot, full of sound and fury, signifying nothing." Let's look at the outcome. First, the Fed & its staff of imposters & poseurs had better not speak too loudly about raising interest rates, lest the stock market hear, fear, and die. The heroic efforts of the Nice Government Men managed to bring the Dow back from a 17,418.21 low where the FOMC announcement blew it, up to nearly unchanged at 17,526.62, 3.36 (0.2%) lower than yesterday. The NGM managed to bring the S&P500 into positive territory at 2,047.63, although a 0.42 rise (0.02%) isn't likely to win a home in any record books. Lo! 'Twas no more'n a bounce off the Head & Shoulders neckline for the S&P, & a further drop beneath the neckline for the Dow. No cause for jubilatin' there, Wall Street, so stow away your dancing Guccis. Stock indices will next imitate a large anvil floating in deep water. Higher rates will tie chains on the anvil. Of course, it's purely subjective, but I wasn't particularly moved to awe by the Dollar Index' move today. A 64 basis point (0.68%) move to 95.18 broke no records. While it did punch through the hitherto impunchable 50 day moving average, it stopped cold at the upper downtrend boundary stretching back to 1 February. Look, http://schrts.co/0vo2jg The red lines mark the downtrend from February. Within that downtrend the green lines show another, interior trading range. Last four days' action merely carried the dollar index to that upper boundary. No rally can happen without the dollar index penetrating that line. Maybe it will tomorrow, but for now my sneer remains intact. Today offered another lesson in why nobody should trade currencies. The FOMC's announcement panicked the euro and yen markets. Euro fell a meaty 0.83% to $1.1210 while the yen tumbled massively, down 1.02% to 90.70. And here's a reason it's dangerous to trade US treasuries, too. FOMC mumbles today wounded bond prices and sent yields soaring. 10 year treasury yield rose 6.88% to 1.21%. Who knew? That's why I don't want to play on any government playground, currencies or bonds, cause everything they touch turns to -- mud. Oil (WTIC) is pushing against the upper border of a long-lived rising wedge. Closed today at $48.78, but if it doesn't break through $50 soon, it will nosedive, too. On Comex gold lost a mere $2.50 (0.2%), closing at $1,273.70. Silver lost 11.5¢ (0.67%) to 1712¢. But remember that the Comex closes at 1:30 Eastern while the FOMC bloviates at 2:00 Eastern, so those closes came before the announcement. After the dust settled & the dancing stopped, gold stood at $1,257.20, down $19 (1.5%) from yesterday's Comex close. Silver lost 37.5¢ from yesterday's comes, or 2.2%. Behold, the gold chart, http://schrts.co/quY8qs Remember that even-sided triangle on the gold chart I mentioned yesterday? Well, today gold broke down out of that. And it punched into the nearby ascending fan line from the January low, if not quite through the 50 DMA ($1,252.16). That suggests that gold will drop further tomorrow. If it doesn't, that refusal would show great strength. Silver's case differs. Look here, http://schrts.co/t9IUae This end of day chart shows today's silver low at 1692, but it hit 1686. That is the very bottom of the falling right triangle, and the limit of support. Belwo nothing will catch silver before 1631¢ (50 DMA). Falling right triangles usually but not always resolve by breaking downward. To resist breaking, silver must stay above 1685¢. My mind's not really here today because my youngest son (of five), Zachariah, is at the hospital with his wife Victoria laboring with their first baby. She has been travailing since yesterday morning, and shortly must have a C-section if the baby won't come. She is indescribably brave & has given every effort to prevent this. Please pray for Victoria and her baby in labor, and for Zachariah. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2016, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| SILVER REMAINS THE CHEAPEST INVESTMENT ON EARTH — Dave Kranzler Posted: 18 May 2016 06:37 PM PDT by SGT, SGT Report.com: Our friend Dave Kranzler, founder of Investment Research Dynamics returns to SGT Report to discuss the systemic crimes of the U.S. State Department, U.S. Department of Justice and the crimes of the Hillary Clinton. The latest news from the State Department is just another example of the systemic corruption that is turning the United States into a Banana Republic. The corruption we see at the highest levels of the U.S. government is challenged only by the monetary corruption at the Federal Reserve, Comex and the LBMA. But as PHYSICAL precious metal moves away from the fraudulent western paper metals markets, the writing is on the wall. And despite silver’s rise in price year-to-date Dave reminds us that silver is still “the cheapest investment on earth.” Thanks for joining us. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China Sends Hawkish Fed A Message - Devalues Yuan Near 2016 Lows Posted: 18 May 2016 06:33 PM PDT Just as we warned was probable, The PBOC sent a message loud and clear to the newly hawkish Fed following today's surge in the dollar after the minutes were released. With the 2nd biggest daily devaluation since the August collapse, China pushed the Yuan fix against the USD down to its lowest since early February - barely above the January lows. As we warned earlier, the China-Panic trade looms loud now as turmoil appears all that is left to stop The Fed unleashing another round of liquidity-suckiong rate hikes sooner than the market wants. All eyes have been firmly focus on the Yuan's move against the USD but in fact the Yuan has been falling non-stop against the world's major currencies...
It appears that it is the USD's turn to face The PBOC once again... The 2nd biggest daily devaluation of the Yuan fix against the USD since August's collapse.
Simply put, China does not want The Fed sucking the liquidity lifeline out of world markets right as it embarks on another round of desperate credit reflation. Given The Fed's comments today, the only excuse left for Yellen and her friends (unless they are willing to lose all credibility due to short-term fluctuations in macro-economic data from now to June meeting - as opposed to their mandated long-term view) is if markets turmoil enough to warrant some level of conservatism. As we have warned before - bullish stock market investors should be careful what they wish for - the higher stocks go, the higher the chances of rate hike, and the more likely China pre-taliates with some turmoil-inducing events to stall the unwind... the last time traders panicced about China, bad things happened to stocks...
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| Elizabeth Holmes Admits Theranos' "Technology" Is A Fraud: Restates, Voids Years Of Test Results Posted: 18 May 2016 06:23 PM PDT The billion dollar baby has now, officially, gone bye bye.
Just when you thought that the biggest ever "multi-billion" private company that also happens to be an utter fraud, would quietly disappear before it risked attracting even more unwarranted attention from regulators, enforcers, and criminal investigators which could potentially lead to prison time for "billionaire" Elizabeth Holmes, here she comes again reminding everyone of her fallen from grace presence, in this case with what should be the terminal news for this company, namely that as the WSJ reports (and as the company confirms) Theranos has told federal health regulators that the company voided and revised two years of results from its Edison blood-testing devices and has issued tens of thousands of corrected reports to doctors and patients. As a reminder, the basis for Theranos ludicrous $9 billion valuation which it appears was achieved without anyone doing any actual due diligence, were the "Edison" machines which were touted as revolutionary - not just by Holmes but by the fawning media and even the Clintons. Theranos has now told regulators that it threw out all Edison test results from 2014 and 2015, effectively confirming it has no proprietary technology, and also validating that its valuation should be zero. Worse, Theranos has told regulators that it used the Edison for 12 types of tests out of more than 200 offered to consumers and stopped using the devices altogether in late June 2015. In other words, Theranos' insane "valuation" was achieved on the basis of doing only 6% of blood tests in house (all of them erroneously we now learn), and outsourcing 94% to companies whose products actually worked and many of whom likely had a far lower valuation than the one at which a bunch of idiot billionaires "valued" Holmes' worthless company. In the process of commiting fraud and building up her valuation, Holmes repeatedly gambled with people's lives, sending them clearly wrong results. As a result some patients have received erroneous results that might have thrown off health decisions made with their doctors, the WSJ reports. All this is needed is one death and there is a criminal case. So why come clean now?
In other words, Theranos may have put as many as 890,000 lives per year in jeopardy with its fake technology. The good news, this is now officially game over for if not Elizabeth Holmes, then certainly her company:
The company also commented:
That's rich, pardon the pun. Less rich, if only on paper, will be Holmes who will have ample opportunity to make numerous comments during trial. * * * Finally, the question everyone should be asking is who enabled this fraud for so many years? The simple answer: everyone, and especially those who have an agenda to conduct one endless infomercial for a product that ended up being an epic fraud. Here is a sample (courtesy of Bruce Quinn). August 30, 2013 September 8, 2013 The pivotal Wall Street Journal article, by Joseph Rago. Here A Stanford dropout is bidding to make tests more accurate, less painful - and at a fraction of the current price. September 9, 2013 "Secretive Theranos emerging partly from shadows." SF BizJournal, SF/Biotech, by Ron Leuty, subtitled, "The biggest biotech you've never heard of." Here. October 9, 2013 November 6, 2013 "What Heath Care Needs is a Real Time Snapshot of You." WIRED, By Daniela Hernandez. Here. November 13, 2013. November 18, 2013 MedPageToday. By Eric Topol. Here. February 18, 2014 "This Woman Invented a Way to Run 30 Lab Tests on Only One Drop of Blood." WIRED again, by Caitlin Roper. Here. WIRED revisits Holmes, with an interview. February 28, 2014 "Stanford Dropout Revolutionizes Blood Tests" Take Part, by Liana Aghajanian. Here. June, 2014 Hematology Reports (Open Access Journal). Full article PDF: Here. Chan SM, Chadwick J, Young DL, Holmes E, & Gotlib J (2014). Intensive serial biomarker profiling for the prediction of neutropenic fever with hematologic malignancies undergoing therapy: a pilot study. Hematology Reports 6(2). Pubmed Central, here. June 12, 2014 "This CEO is Out for Blood." June 17, 2014 "Elizabeth Holmes, Who Wants To Shake Up The Blood Testing Industry, Is A Billionaire At 30." Forbes [blog], by - Zina Moukheiber. Here. July 2, 2014 "Bloody Amazing." Forbes [blog 7/2, and Issue, 7/21], by Mathew Herper. Here. June 3, 2014 US Patent: "Systems and Methods of Sample Processing and Fluid Control in a Fluidic System." PDF, Patent 8,742,230 B2, 80 pp.. Here. "This invention is in the field of medical devices...portable medical devices that allow real-tie detection of analytes from a biological fluid...for providing point-of-care testing for a variety of medical applications." June 20, 2014 "Theranos: Small Sample, Big Opportunity." Decibio [Consultancy blog]. By Eric Lakin. Here. July 8, 2014 "Nanotainer Revolutionizes Blood Testing." VIDEO USA TODAY. Here. July 15, 2014 "Meet Elizabeth Holmes, Silicon Valley's Latest Phenomenon" San Jose Mercury News, by Michelle Quinn. Here. July 15, 2014 "Theranos bringing 500 new jobs to Scottsdale's SkySong." Phoenix Business Journal. By Angela Gonzales. Here. [SkySong is an ASU-affiliated tech park]. July 21, 2014 "Meet Elizabeth Holmes, the Youngest Female Self-made Billionaire Changing the World with Medical Technology." Women's ILAB, by Katherine Melescuic. Here. August 11, 2014 "Ignoring Lab Industry, Theranos Goes Its Way." "My Visit to Walgreens for Theranos Lab Tests." DARK REPORT (Paper by subscription only). Table of contents here. September 8, 2014 September 8, 2014 "Elizabeth Holmes takes Theranos' blood test to tech movers, shakers." Biotech SF / Bizjournals - by Ron Leuty. Discussion of TechCrunch presentation. Here. September 29, 2014 "This Woman's Revolutionary Idea Made Her A Billionaire — And Could Change Medicine." Business Insider. By Kevin Loria. Here. See also June 4, 2015. September 30, 2014 "Queen Elizabeth: Mystique of Theranos founder grows with Forbes' richest ranking." Biotech SF / Bizjournals - by Ron Leuty. Here. October, 2014 "Health Plans Deploy New Systems to Control Use of Lab Tests." Managed Care. By Joseph Burns. Here. Does not directly cite Theranos. Cites contrasting viewpoints on the value of direct easy inexpensive test access: October 1, 2014 "How One Entrepreneur is Transforming Blood Testing." Slate - by Kevin Loria. Here. [Reprint from Business Insider, 9/29, above.] October 16, 2014 October 27, 2014 November 7, 2014 TEDMED - Youtube - Elizabeth Holmes at TEDMED. VIDEO. Here.,For further details, see here. November 7, 2014 December 8, 2014 Fortune/Youtube - Theranos Billionaire Founder Talks Growth. VIDEO. Video interview with Pattie Sellers. Here. December 8, 2014 December 8, 2014 December 12, 2014 December 14, 2014 January 28, 2015 "Elizabeth Holmes, Theranos: Transforming Healthcare by Embracing Failure." Youtube. Stanford Graduate School of Business. Here. February, 2015 "Top 10 Most Innovative Companies in Health Care, 2015: #7, Theranos" Fast Company (staff), here. February, 2015 "Vetting Theranos" Laboratory Economics [trade journal, subscription]. By JonDavid Kipp. Here. February 2, 2015. "CEO Q&A: Craig Hall." Real Estate Daily. By Christina Perez. Hall was early investor in Theranos. Here. February 3, 2015 "Breakthrough Branding: Theranos, with Walgreens, Revolutionizes Healthcare." Brand Channel. By Sheila Shayon. Here. February 3, 2015 "Will Theranos Turn the Lab Industry Upside Down?" February 6, 2015 "Ten Things to Know about America's Youngest Female Billionaire." Business Insider. By Koa Beck. Here. February 5, 2015 "Disruptive Technology Main Focus at Clinton Health Conference." California Healthline. By Lauren McSherry. Here. President Clinton, Fourth Annual Health Matters Activation Summit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Are Globalists Evil Or Just Misunderstood? Posted: 18 May 2016 05:34 PM PDT Submitted by Brandon Smith of Alt-Market.com, I recently received requests from two different readers, one asking for articles covering the “mindset” of globalists (why they do what they do), and another request for articles covering globalist “occultism.” I find that these two topics are very difficult to pursue with a large number of people for a few reasons:
So, as you can see, it is a veritable circus of horrors whenever I write on the subject of who the globalists really are and what they really want. Beyond that, it is very difficult to examine this subject matter, even with ample evidence, without coming off like a wackaloon. It is hard enough convincing people of the obvious economic crisis facing America and the rest of the world and convincing them to put in minimal effort to prepare, let alone convincing them of the psychopathic and cult-like nature of the elite behind that crisis. In other words, if you approach someone new to this information cold and hit them right away with tales of luciferians, Washington D.C. child pedo-rings and gay romp power-club parties in the California Redwoods with a giant stone owl called “Molech,” you probably aren’t going to get your foot in the door. That said, I’ll address the inevitable arguments above very quickly before I begin my analysis of the Globalist mind.
Now, I do believe in full-spectrum crisis and societal collapse, because these events have happened over and over again and can even be reasonably predicted according to past indicators. I also believe that current events are rife with such indicators and that a collapse is taking place in stages today. I also know that there are groups of elites engineering this collapse and I know exactly why because they have openly admitted their goals (read my article The Economic End Game Explained). Apocalypse is not my concern. Right and wrong, justice and tyranny are my concerns. I’ll leave the rest to more omniscient and omnipresent beings. The Problem We Face Is Organized EvilNow that the above questions are out of the way we can jump into the core of the problem. And no, the core of the problem is not the “system” we live in per say, or our methodology of living and progressing as a species. Again, there are too many eggheads in the liberty movement that like to pretend they have grand and ingenious new ways of looking at the world, and if only we would just “listen to their brilliant vision” everything would change for the better. When you boil down their philosophies you often find they have no new ideas whatsoever, or that their ideas cannot be implemented because they have not dealt with the elephant in the room — the globalists. Philosophy without tangible action and verifiable results is ultimately useless in the face of true evil. Intellectual warriors rarely win wars, but they do often die horribly as a result of their naivety and defenselessness. To answer the question in the title of this article, yes, the globalists are in fact evil and the only misunderstandings are on the part of wide-eyed skeptics that have bought into the idea that “evil” is a moral conception created by religion rather than an inherent quality of human beings. As Carl Jung discovered in his studies on the collective unconscious, people are born with inherent and conflicting conceptions and traits, or “dualities.” Good vs. Evil is an important duality we all come in to the world dealing with, it is not a mere product of environment or religious influence. That which is “good” is often dictated by what we call “conscience,” which again is an inherent idea or “voice,” and is only partly influenced by environment. The fact of inherent character traits and universal moral codes is present in anthropological studies as well as psychological studies beyond Jung’s very extensive work. To define evil, we would have to look at those ideas and actions that are opposite inherent conscience. The globalists have basically constructed a festering belief system around everything that is contrary to our moral compass. I will attempt to dissect some elements of that belief system from a secular point of view. Wish me luck… Occultism Occultism in itself is not necessarily “evil,” it only means “secret knowledge.” But the history of occultism is plagued by rather evil deeds and attitudes. John F. Kennedy once warned of secret societies and secret proceedings, and with good reason. For thousands of years, occult groups often withheld valuable knowledge from the masses as a means to influence behavior and control the direction of society. This did not have to be “magical” knowledge, whatever that means. Usually, it was scientific or psychological knowledge. Say for example that a group of elitists withheld detailed knowledge of an impending economic collapse because this knowledge gave them a feeling of superiority and an advantage that they could exploit to gain power over others. Often, occult knowledge, secret knowledge, is driven by the selfish desire of one group to maintain a sense of dominance over another. Is it evil to withhold knowledge that could save lives for the sake of self-elevation? I would say absolutely. Occultism can also lead to temptations of ever increasing criminality. If groups of people in positions of power maintain a well-oiled machine of secrecy that draws a dark curtain on their behavior, a machine that allows them to cover for each others actions to ensure no repercussions from outsiders, it is only a matter of time before the lack of transparency opens a door to greater evil. One act of evil left unpunished tends to breed many future acts of evil practiced with impunity. Luciferianism So yeah, it’s almost impossible to broach this subject without sounding crazy to people who aren’t already familiar with it. But as requested, I’ll take a stab at it. Do globalists really believe in a devil with a pitchfork and hooves and horns? I really don’t know. What I do know is that many of them believe in the ideas behind the mythology of the figure (even Saul Alinsky dedicated his book ‘Rules For Radicals’ to Lucifer). The Lucifer mythology is one of rebellion, a rebellion against the the Christian God. But how would this translate to elitist behavior? They define inherent conscience and moral compass (checks and balances put in place by God?) as a “restriction” or imprisonment of the individual, and they seem to only esteem individuals as those seeking their own “Godhood.” The way liberty proponents value individualism is very different from the way elitists value individualism. Lucifer as an archetypal figure represents a rebellion against almost EVERYTHING, including nature. Of course, nature is not a toy to be played with selfishly because catastrophe inevitably results. Moral compass is a guide that keeps humanity from destroying itself, and without it civilizations fall. Luciferianism, at the very least, fosters destructive tendencies and rebellion against the very fabric of humanity. With such people at the helm of entire nations, millions if not billions of innocents will suffer in the scorched path of elites seeking to revolt against inherent moral and natural boundaries as they role play in an ignorant daydream of satanic hero worship, and this is without a doubt evil. Do What Thou Wilt Attributed to Aleister Crowley, a self-professed satanist, you will see this ideology pop up in globalist circles and pop-culture icons alike. Crowley apologists often argue that the quote it is taken from refers to the “law of love.” But the love of what? The love of others, or the love of one’s self? Do what thou wilt as long as it does not hurt others, or do what thou wilt regardless of the consequences? The latter interpretation is clearly the one globalists have taken to heart. Since elitists consistently treat the lowly masses as vermin that need to be exterminated for the good of the planet (and their own amusement), I see little indication that they have the ability to conceive of love, let alone adopt a philosophy of love. Do what thou wilt, however the idea was originally intended, has become a rationale for the globalist propensity of crushing others in the name of “greatness”. Moral Relativism Evil people are not as immune to the judgments of others as you might think. In fact, many of them become a bit obsessive about people accepting or even praising the things they do. I can only theorize that if in their minds everyone else subscribes to an evil behavior then it is no longer evil, but normal. Moral relativism is the act of rationalizing a destructive or evil process by claiming that a positive end result or intention washes away responsibility. The ends justify the means. Globalists could not care less about the consequences of their actions to others, but they do feel the need to justify those actions in a way that people will embrace. From my observations, the majority of globalist propaganda revolves entirely around the concept of moral relativism and the lie that good is only about perception while evil is a “gray area,” or an illusion. As Kevin Spacey says in the movie 'The Usual Suspects', “The greatest trick the devil ever pulled was convincing the world he didn’t exist…” The SolutionAs stated earlier, it really does not matter what brand of social system we implement. It really does not matter what kind of economic model we employ. It really does not matter if we somehow find a way to promote enlightened thinking on a massive scale. None of it matters if we do not also confront the organized evil of the globalist cabal. It is interesting how many people strive so hard to avoid acknowledging the fight that is coming by clinging to the notion that the globalists are “misunderstood” or “not important” in the grand scheme of things. While I work to promote alternative trade models through localism and alternative-security models through community preparedness teams, I also accept that these efforts are a half-measure; mere preparation for an unavoidable conflict between people who hold the contents of their conscience dear (those who view the non-aggression principle as an integral part of a free and healthy civilization), and the globalists, who hold nothing dear accept themselves, their cult and their ambitions. Evil is a part of every human being, just as good is a part of every human being. It is a battle we all struggle with until the day we die. But organized evil is something else entirely. It is not something we have to tolerate, and it is something we can change. Until it is expunged from our society, no other solutions can be fully enacted. Therefore, the solution begins with the end of organized evil, and it is a solution I plan to enact in my own way. The solution begins with the eradication of the globalists. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| GoldMoney launches gold payroll and gold payout applications for BitGold business platform Posted: 18 May 2016 05:13 PM PDT Company Announcement TORONTO -- GoldMoney Inc., a financial technology company that operates a global, full-reserve, and gold-based financial services platform, is pleased to announce the launch of gold payroll and gold payout applications for the BitGold Business platform. The engineering and launch of the gold payout application completes another milestone in the build out of the BitGold B2B and B2C ecosystem. The gold payout application is a free-enterprise software tool for BitGold Business accounts that allows clients to set up and automate recurring payments to anyone with an email address or mobile phone number. The payout application is designed to streamline international payroll, dividends, rebates, reward payments, partner and affiliate payouts, micro-payments, and more. Built on top of a global, closed-loop, and full-reserve account structure, the payout application allows for instant settlement of cross-border value transfers, which can also be automated to settle into any currency given the global nature of gold. ... ... For the remainder of the announcement: http://www.businesswire.com/news/home/20160518005674/en/GoldMoney-Launch... ADVERTISEMENT A Contrarian's Call Option on Gold Sandspring Resources' Toroparu project in Guyana is the fourth-largest gold deposit in South America held by a junior mining company. Experienced backers of Sandspring Resources include Silver Wheaton, the John Adams / Energy Fuels group in Denver, and Frank Giustra's Fiore Group in Vancouver. A 2013 preliminary feasibility study shows strong economics for this large-scale mine at US$1,400 gold. With a current gold price below US$1,300, Sandspring is for investors who believe that gold price suppression will be overcome. For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit: https://ceo.ca/@tommy/a-ten-million-ounce-call-option-on-gold 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| SIGNS OF THE END PART 170 - LATEST EVENTS MAY 2016 Posted: 18 May 2016 04:28 PM PDT End time events will continue and increase in strength. Be witness of how the earth is crumbling into pieces by devastating tornadoes, erupting volcanoes, massive earthquakes and never ending floods. Stay tuned for more upcoming and devastating events The Financial Armageddon Economic Collapse... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| George Soros Is Collapsing the US Dollar Which Will Lead to WW III Posted: 18 May 2016 03:35 PM PDT George Soros Is Collapsing the US Dollar Which Will Lead to WW III. 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Washington’s Fiscal Hypocrisy Is Too Rich for Words Posted: 18 May 2016 01:55 PM PDT This post Washington's Fiscal Hypocrisy Is Too Rich for Words appeared first on Daily Reckoning. You have to love it when one of Donald Trump's wild pitches outrages the Beltway hypocrites. But his talk about negotiating a discount on the federal debt was priceless… As soon as the unschooled Trump mentioned out loud what is already the official policy of the U.S. government, a Beltway chorus of fiscal home wreckers began screaming like banshees about the sanctity of Uncle Sam's credit promises. Let's see. For 89 months now, the Federal Reserve has pounded interest rates to the zero bound because come hell or high water, the U.S. economy must have 2% inflation in order to grow and prosper. Other than a handful of congressional rubes from flyover country, there's hardly a Washington operative from either party who has questioned it. No one questions the appropriateness or effectiveness, let alone the sanity, of Bernanke-Yellen's 2% inflation target. But let's say the Fed hits its sacred 2% inflation targets. That means in 30 years, investors would get back 54.5 cents in inflation-adjusted money per dollar of principal on 30-year Treasury bonds. If that's not default, it's surely a deeper "discount" than even The Donald had in mind while jabbering to CNBC about his years as the King of Debt. In fact, it's nothing less than a grand policy scheme of monetary default! But since The Donald had the gall to broach the topic — whether by accident or by purpose — the spendthrifts of the imperial city are now scrambling to smother us in a verbal blanket of phony fiscal rectitude. And the scribblers and bloviators in the mainstream media are blabbing their statist fiscal hypocrisy. According to them, everything that has been done in the imperial city these last several decades should have been done. Certainly, they don't think there's any fiscal crisis that might warrant radical ideas like those offered by Trump. But in the final analysis, the Beltway crowd and their cheerleaders in the mainstream media who peddle endless debt are practically guaranteeing eventual default. It's just that Trump's way is more honest. Below, I really show you why Washington's fiscal hypocrisy is "too rich for words." The D.C. establishment and the mainstream media would have you believe that Obama, the Fed and the Congress actually saved the country from Great Depression 2.0 in 2008–2009. Since then, they want you to think, we've been marching resolutely toward economic recovery and fiscal stabilization. No, not even close. There has been no meaningful economic recovery and the fiscal condition of the nation is frightful. As to the former, there are still fewer full-time, full pay "breadwinner" jobs than before the crisis. Likewise, the median household's real income is still far lower than when the previous Clinton left the White House In January 2001.
But among all the beltway chatter, nothing is more grating than the economic policy architects of the Obama White House taking to the pages of Politico to scold Trump about fiscal responsibility. These people have no shame. And among them, there are few Washington apparatchiks more culpable than Gene Sperling, who headed Obama's economic policy council. Between December 2008 and the present, the public debt exploded from $10.7 trillion to $19.4 trillion. That means that on Obama's watch, and with Sperling's presumptive advice, new public debt was issued equal to 80% of the total debt created during the entire prior 220 years of the republic and the tenure of 43 presidents!
That's right. The Obama White House has indulged in fiscal profligacy like never before. Yet this cat has the audacity to unload a self-righteous sermon on the sanctity of Washington's credit: … [Trump has no] sense of the economic and historical importance of America maintaining an iron-clad commitment to stand by its word on our national debt… U.S. Treasury obligations are the least risky financial asset on the planet and the benchmark against which the price of all other financial assets is set… [not].even the slightest awareness from Trump that he that he might be playing with economic fire because if Treasuries were seen as no longer risk-free that would shake to its very foundations literally the core assumption of global financial markets, meaning that the interest rate on every other financial asset — mortgages, car loans, credit for businesses large and small — could go up perhaps by a lot. Well now. Has Sperling and his ilk ever considered how high interest rates might actually be without the massive bond market fraud carried out by the Fed and the rest of the world's central banks? Even the supposedly economically ignorant types among us, apparently Donald Trump included, know that neither Washington, the IMF or the G-20 has repealed the law of supply and demand. Nor has the CIA yet classified as a state secret the amount of sovereign debt and other financial assets that the central banks of the world have vacuumed-up in the name of monetary "stimulus" over the past two decades. The fact is, about $19 trillion — including more than half of the publicly traded U.S. Treasury securities — has been sequestered in central bank vaults since the mid-1990s. All that debt would have otherwise massively burdened the world's limited supply of real savings, thereby causing interest rates to soar. Instead, it was made to disappear from the market circulation by monetary authorities hitting the "buy" key on their digital printing presses. And the Bush/Obama enabling of this giant backdoor form of default on honest debt by the appointment of avowed Keynesian money printers to the Fed isn't the half of it. Whenever the small number of fiscally responsible congressmen left on Capitol Hill have tried to stop the government spending machine by refusing to raise the Federal debt ceiling, their beltway bettors whacked them. They've cried "full faith and credit", knowing that the Fed and its front-running Wall Street punters would buy-up the flood of new Treasury paper. In this vein, Sperling recommended that Trump get himself educated by attending "Hamilton" next time he visits Broadway. He gibbers about how "generations of Americans have benefited from a historical commitment started by Alexander Hamilton to ensure the full faith and credit of the U.S. is rock solid". He then lobbed in a self-justifying stink bomb by suggesting Trump completely lacks the wisdom and courage displayed by the Obama White House when it stared down the 2011 debt ceiling challenge of GOP backbenchers. Said Obama's former chief fiscal strategist: Imagine if we were in the middle of another debt limit stalemate like we had in 2011 (when I was watching from the White House, as director of the National Economic Council) and a President Trump told the world — or repeated to the world — that since the budget turmoil might be making U.S. debt looked shaky, he was open to buying back debt at a discount and was instructing his secretary of the Treasury to consider such options? What if he then went on for days confusing markets as to his true intentions while dropping lines about being the "King of Debt," "playing poker" or "printing money"? Does anyone doubt that even without any congressional action such Trumpisms could lead to a global panic with unknown economic harm to the global economy and the long-term economic reputation of the United States? Well, here's what really happened. Roughly 80% of Federal spending consists of transfer payments, debt service and other essentially locked-in commitments under law. The debt ceiling is the only frail reed by which the unstoppable expansion of this fiscal doomsday machine can be arrested. So when the "full faith and credit" chest-thumpers on both ends of Pennsylvania Avenue quashed the backbench uprising in August 2011, they insured that Washington's actual march toward default would continue unabated. In fact, total government transfer benefits have grown from $1 trillion per year at the turn of the century to $2.7 trillion at present. Even then, the baby boom bulge driving this budget breakout is just getting up its demographic head of steam. During the next 15 years the entitlement tsunami will truly become a fiscal doomsday machine. So the Sperlings of the beltway have been harrumphing about full faith and credit and the sanctity of the humongous debts that they are piling on to generations born and unborn. But the doomsday machine has been permitted to run unmolested by Washington's supposed fiscal watchmen. Since the turn of the century, government transfer payments have been growing at approximately 2X the rate of wage and salary growth. Just how long do this geniuses think this trend can be maintained? But not to worry. We will grow our way out of it. Imperial Washington's official fiscal scorekeeper, the Congressional Budget Office (CBO), has deemed in its Keynesian wisdom that the business cycle has officially been vanquished and that the U.S. economy will enter the nirvana of Full-Employment at Potential GDP sometime next year. Not only that. It will remain there for time ever more, world without end. By the time we get to 2026 we will have had 207 straight months without a recession, according to the CBO. Yes, that's what the full faith and credit brigade swears by. But even then, the budget deficit will hit $1.3 trillion and 5% of GDP by 2026 under current policy. Imagine what will happen in the real world when the Red Ponzi finally crumbles in China and the global economy plunges into a prolonged deflationary recession? Needless to say, Sperling has left the White House and is now out humping for Hillary, who promises to lower the Medicare age to 50 years and distribute a good amount of other free stuff from Bernie's playbook. The fiscal menace at loose in the land long pre-dated Donald Trump. In fact, it's precisely apparatchiks like Sperling and pols like Hillary whose policies have paved the way for his improbable rise. And just in the nick of time. Regards, David Stockman P.S. We've produced a FREE special report called The 5 Best Ways to Own Gold. Don't buy any gold until you read it. We'll send you your report when you sign up for the free daily email edition of The Daily Reckoning. Every day you'll get an independent, penetrating and irreverent perspective on the worlds of finance and politics. And most importantly, how they fit together. Click here now to sign up for FREE and claim your special report. The post Washington's Fiscal Hypocrisy Is Too Rich for Words appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Venezuelan Economic Collapse Planned for America Posted: 18 May 2016 01:30 PM PDT Coming To America - Venezuelan Economy America was incorporated. Until the masses understand this and what it means for us, we cannot make the change The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Warning: The Smart Money is Fleeing U.S. Stocks Posted: 18 May 2016 01:14 PM PDT This post Warning: The Smart Money is Fleeing U.S. Stocks appeared first on Daily Reckoning. DUBLIN – The Dow dropped 180 points yesterday – or about 1%. And another clever billionaire says he is looking elsewhere for profits. Reuters:
Yes, dear reader, the smart money is getting out of U.S. stocks. And here's our old friend Rob Marstrand explaining why:
And now, that prop is getting kicked out from under the stock market. Bloomberg:
Pareto's "Foxes"Although the bull market in U.S. stocks is probably near its end, the bull market in the Deep State shows no sign of weakening. Year after year, the power of the "foxes" grows. It was the great Italian economist Vilfredo Pareto who noticed – among other things – that no matter what kind of government you think you have, there are always some crafty insiders, the "foxes," who take control of it. Policies are set, programs are started… decisions are made… with no consent of the people or their elected officials; the foxes work the angles. Over time, the forces of law and order become more and more corrupt… as the foxes bend the entire system to do their bidding. Wars are started with no plan or intention to win them. Money is handed out for no better reason than this: They can get away with it. And best of all, most people are none the wiser; they believe the myths… and attack anyone who challenges them. Rip-OffPerhaps the biggest rip-off of all time has taken place over the last eight years – and in plain sight of everybody. Via the magic of ultra-low rates, the Fed – a nest for the wiliest and most cunning of the foxes – took roughly $8 trillion out of the pockets of savers and retirees and handed it to borrowers. Who is the world's biggest borrower? Yes… it's the Deep State itself. The Fed claimed to be helping to "stimulate" the economy. But you can't really stimulate an economy by stealing from the people who produce wealth and provide it with capital. Not surprisingly, growth has stalled. Wages have fallen. Productivity has stagnated. For 95% of the male population, real earnings are lower today than they were in 1973. Is there any wonder many of these men vote for Donald Trump – a "strong man" who promises to do something about it? But the top 5% – where the foxes are – gained income. Their wages are up more than 50% over the same time. Why? Because they take more and more money from the rest of us. More tomorrow… on a new Rebellion in Gualfin… and a measure of how big the Deep State has become… Regards, Bill Bonner P.S. Another dollar crisis is coming. It's not a question of if, but when. And gold could soar to record levels when it strikes. If you own gold beforehand, you can preserve – and grow – your wealth. That's why we've produced a FREE special report called The 5 Best Ways to Own Gold. Don't buy any gold until you read it. We'll send you your report when you sign up for the free daily email edition of The Daily Reckoning. Every day you'll get an independent, penetrating and irreverent perspective on the worlds of finance and politics. And most importantly, how they fit together. Click here now to sign up for FREE and claim your special report. The post Warning: The Smart Money is Fleeing U.S. Stocks appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| This Is Why America Is Falling Apart Posted: 18 May 2016 12:00 PM PDT Our Nation is under judgement ! rightly so-! Thank you for all your videos! Preparing our Hearts.. Homes and our Families is the Only thing we can do-!! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Economic Collapse: Rigged Markets, Soros Makes Gold His Largest Holding, Doubles S&P Puts Posted: 18 May 2016 11:00 AM PDT One of the more closely watched 13F reports yesterday in addition to that of Warren Buffett was that of Soros Fund Management, the family office of George Soros, which revealed that while the 85 year old billionaire was not quite as bearish as his former chief strategist Stanley Druckenmiller, or... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Best Donald Trump video you will ever watch Posted: 18 May 2016 10:31 AM PDT Trump leads by example. He will inspire America to get off their ass and make something of themselves. Instead of the Obama example of ....what are you gonna do for me now? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Anonymous Strikes the Heart of the Empire, Takes Down U S Federal Reserve Bank Posted: 18 May 2016 10:00 AM PDT Anonymous Strikes the Heart of the Empire, Takes Down U.S. Federal Reserve Bank by Jay Syrmopoulos May 16, 2016 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fed Speakers Sing From The Same Song Sheet Posted: 18 May 2016 08:49 AM PDT This post Fed Speakers Sing From The Same Song Sheet appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day, and a wonderful Wednesday to you! Well, the softness of the dollar the first day and next morning this week, really got tossed to the side of the road yesterday, and the dollar bugs were set free! I told you that there were some Fed members due to speak this week, and yesterday the duo of Williams and Lockhart sang from the same song sheet, and talked about rate hikes. Williams said that two to three rate hikes were possible this year, and Lockhart said that action could be taken at a June meeting. The currency traders were moved by these comments and began to buy dollars once again, on the thought that “yes, rates are going higher in the U.S. and that will support the dollar”. The Fed Funds Forwards still only have a 10% chance of a rate hike in June, and believe that only one more rate hike will take place this year. So, I agree with these guys on the 10% chance of a rate hike in June, but still don’t see how the Fed will be able to live with themselves if they hike rates this year. So, the small gains that the currencies were able to carve out on Monday and Tuesday morning were wiped out as we went along through the day yesterday, and that theme has carried through the overnight sessions. One of the anti-dollar assets hasn’t succumbed to the dollar bugs dancing in the street, and that is oil. The price of oil pushed through the $48 handle overnight, and is now trading at a six month high. Of course six months ago, it was sliding downward, so this is an opposite direction high for the price of oil this morning. Oil production disruptions have really played a part in oil’s recent resurgence, as supply from Nigeria, Venezuela, and Canada has been cut, and the supplies of oil in the U.S. have fallen again. Add in to this production disruption, the news that Goldman Sachs aka Lola, who has long been a bear with their outlook for the price of oil, has seemed to ease up on that thought, saying, “The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected.” It will be interesting to see if oil can maintain this stabilization of its price, given that all three disruptions Nigeria, Venezuela, and Canada are expected to be ramped back up very soon. And Goldman, I mean Lola, made a good point of something, and that is if the oil price does rebound to $50, it could put the oil supplies back in the positive once again, as more production would be done at $50 a barrel, than is being done now at sub $50 prices. And the petrol currencies are feeling the heat from the dollar bugs this morning and are not able to rally on oil’s latest move. There are no data releases by the U.S. Data Cupboard today, unless you count the Fed’s Meeting Minutes that will print this afternoon. These minutes are from the last meeting in April when they left rates unchanged. I doubt these minutes have anything earth moving but could have some subtle changes to the language they previously had on global risks, as you must remember in April, things looked better for the global economies, as the dollar was getting sold, and the pressure cooker that all of the global economies were in was removed from the burner. So, we could have to listen to the Fed talk glowingly about how things have improved globally. But we all know that what happened in April, stayed in April, and it’s a completely different story in May. Well, James Rickards doesn’t agree with me, but that’s OK, I’ll still go on writing. I’m talking about my call that the so-called Shanghai Accord was already fading, and showed that yen had gone from 106 to 109, and euros from 1.15 to 1.13 in recent weeks, after rallying throughout April. Jim says that Japanese Prime Minister Abe recently admitted that the U.S. will not tolerate a weaker yen. And he pointed to this article on Reuters. So, what can I say? The Japanese policy makers according to the article, have escalated their verbal warnings to investors against pushing up the yen too much. I still don’t get the move from 106 to 109. That’s three whole figures is that considered, too much? I guess not. But it would be in my book! Well, if the so-called Shanghai Accord is still in play, then we should be expecting more gains in euros, yen and renminbi, and weakness in the dollar. And that’s not happening today! Yesterday, I mentioned that I thought we would see a currency regime change in the next five years. Many of you will recall that in 2010, I said that by the end of this decade we would have a currency regime change. And by that I mean the dollar is no longer the reserve currency of the world. Well, I still believe in the end of the decade call, but I was fitting yesterday’s comment within the parameters of someone’s question to me and that’s where the five-years timeline came from. So, I’m getting the feeling that the Fed members aren’t that enamored with the fact that the dollar is the reserve currency of the world. Let’s listen in to what Fed member William Dudley had to say about this when speaking at an event in Zurich, Switzerland yesterday:
It sure isn’t a ringing criticism of the reserve currency, but it’s also a sign that there’s some ambivalence toward the dollar’s reserve currency status. Why would that be? Well, think about that for a minute. The dollar is the reserve currency of the world, so that means that its widespread use in everything around the world is interfering with the Fed’s domestic policy, and their desire to hike rates. The Fed can’t hike rates because of the tremors it sent through the global financial markets and economies when they hiked rates in December and said they would hike four more times in 2016. But isn’t not hiking rates going to cause more problems down the road for these countries around the world? For if dollar borrowing rates remain low, more loans will be booked at those low rates, and then there’s even more dollar denominated debt around the globe that can’t tolerate rate hikes making borrowing costs higher, and repayment costs higher. Oh, the tangled web we weave… OK, back to the currencies and metals. Last night Japan printed their first QTR GDP, and it printed better than expected! 0.4% growth was recorded vs. the consensus of 0.1% for the first QTR. But get this, over half of the quarterly gain was explained by the Leap Year, additional day. Really? One day made the difference? OK, I guess I get that, but wouldn’t that mean that the second QTR will most likely unwind this gain? Yes, it does, and good on you for saying that, you’ve come a long way grasshopper! So, in reality, Japan’s economy is still a basket case. PM Abe is ready to announce his new economic program. Recall that none of his “Three Arrows” hit their mark, or any mark, as long as we’re taking names here. Well, Abe is ready to announce his Abenomics 2.0. Well, unless he’s ready to address the awful demographics in Japan, a shrinking overall population, and restrictive immigration laws, he’s barking up the wrong tree. I dear reader sent me a note the other day, and he is also a financial newsletter writer, so he sent me his latest letter called Ruminations. In it he had a great line that I’m going to borrow here when talking about the shortage of population, especially work-age people “Short of fathering 10 million children, the board members of the Bank of Japan cannot solve Japan’s problems.” In Australia last night, their first QTR Wage Price Index printed at 0.4%, which didn’t meet the expectations of 0.5%, but in reality this was a solid enough print in my opinion, especially given the strong employment growth in Australia in the past six months. The Aussie Jobs report for April will print tonight, and I keep hearing each month that this is the month that the jobs report will finally slow down, but each month the actual print defies that notion of a slowdown, and so will this be “the month”? If it is, then all the good that the previous months of strong employment growth built up, will be washed under the bridge, and gone. Poof! It was good to know ya! The Aussie dollar (A$) had its “one day in the sun” yesterday, and overnight the markets didn’t like it that the Wage Price Index didn’t meet expectations, and sold A$’s enough that they wiped out the previous nights’ gains. UGH! I was reading a piece last night on the BREXIT stuff. The latest national poll had the “don’t leave” vote widening their lead over the “leave” vote. For those of you knew to class… BREXIT is short for Britain exiting the European Union/EU. Two years ago we had the Scotland exit vote, late last year we had the GREXIT, Greece exiting the euro, and now the BREXIT. And the BREXIT stuff has really been a burden for pound sterling, which has taken on new trading clothes. Pound sterling doesn’t seem to trade on economic news but more on BREXIT news these days. I mentioned this to the DR the other day, and said that I didn’t think Britain would leave the EU, and when the referendum at the end of June verified that, we could see the pound recover some of the BREXIT losses, but remember, the U.K. economy is still in shambles, so any real recovery would be muted. Of course that’s just my opinion and I could be wrong. And right on cue from yesterday’s revealing of the amount of U.S. Treasuries the Saudis own ($116.8 billion), the U.S. Senate has unanimously passed a bill to let families of people killed in the 9/11 attacks sue Saudi Arabia for any participation in the act of terrorism. Recall me yesterday questioning the Saudi threat that they would sell $750 billion of Treasuries and other assets if this law is passed. Well, now it’s up to the House, and then the President who has lobbied against this bill. The U.S. Data Cupboard yesterday had one piece of real economic data, that being Industrial Production/IP. And I have to shake my head at the media for making the positive deal out of this data that they did, and the currency traders for buying dollars on the data print. Why do these outlets never stop, look under the hood, and then make a decision of whether to dance and buy? Sure IP rose 0.7% in April (remember the dollar was getting sold in April, not so much in May), but a significant downward revision for March (from -0.6 to -0.9% MoM) enabled April to beat the expectations of 0.3%, there are still warts here. While this is the biggest monthly jump in Industrial Production since Nov 2014 the year-over-year weakness continues with IP -1.07% year on year for the eighth month in a row! Industrial production has never fallen for this long – in 96 years – without the U.S. economy being in recession. YIKES! Hmmm, gold was able to carve out a small gain yesterday of $3, and has given that $3 back in the early morning trading. Our metals Guru, Tim Smith, sent me a note yesterday, from an article he read on the WSJ online, of which he pointed out that China was buying a $90 billion vault for gold storage from London. And that this is in addition to the vault China bought last year for gold storage! WOW! That’s the “fun news” on gold this morning. And now for the “not so fun news” on gold… This is a quote from Turd Ferguson, of TF Metals who does a lot of research into price manipulation, and had this to say about the whacking that gold got last week:
I thank the folks over at GATA for sending this to me. Maybe because reading it and typing it out has got my blood pressure soaring this morning! UGH! I found this on Zerohedge yesterday, and can be found in its entirety here. And it’s about gold. Here’s the snippet:
Chuck again. Yes, here are the three items I think are in favor of gold right now. One: The “fear factor”. Two: Negative interest rates and global low interest rates. Three: Geopolitical fears always a reason – when is the last time we could say the world was a peaceful place? That’s it for today. With that I’ll get out of your hair for today, and send you on your way to hopefully a wonderful Wednesday! Be good to yourself! Regards, Chuck Butler P.S. Have you thought about investing in gold but don't know the best way to do it? Then you need to see the FREE special report we've produced called The 5 Best Ways to Own Gold. It answers all the questions you have. We'll send you your report immediately when you sign up for the free daily email edition of The Daily Reckoning. It combines hard-hitting information with charm and wit to bring you a unique perspective on the world. Click here now to sign up for FREE and claim your special report. The post Fed Speakers Sing From The Same Song Sheet appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Precisely Wrong on Dollar, Gold? Posted: 18 May 2016 07:02 AM PDT Merk Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Doug Pollitt: Devaluing dollar and debt by revaluing gold is getting respectable Posted: 18 May 2016 06:40 AM PDT 9:40a ET Wednesday, May 18, 2016 Dear Friend of GATA and Gold: May's market letter by Doug Pollitt of Pollitt & Co. in Toronto reflects on the growing respectability of devaluing the U.S. dollar and debt by the upward revaluation of gold. Devaluation of the dollar against gold in 1934 was, Pollitt writes, the most successful provision of President Franklin D. Roosevelt's New Deal. Pollitt's letter is headlined "Pimco Goes Full Goldbug" and he has kindly given GATA permission to share it with you in PDF format here: http://www.gata.org/files/PollittMarketLetter-05-2016.pdf CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT The Committee to Destroy the World: This new book by Michael E. Lewitt is a passionate and informed analysis of the struggling global economy. Lewitt, one of Wall Street's most respected market strategists and money managers, updates his groundbreaking examination of the causes of the 2008 crisis and argues that economic and geopolitical conditions are even more unstable today. Lewitt explains how debt has overrun the world's productive capacity, how government policies have created a downward vortex sapping growth and vitality from the American economy, and how greed and corruption are preventing reform. For more information: http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119183545,subjectCd-... 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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| Massive Silver Price Rally During The Coming US Dollar Collapse Posted: 18 May 2016 06:15 AM PDT I have written extensively about how the current silver bull market is similar to the 70s. Despite these similarities, silver will (ultimately) perform much better than during the 70s. The fractal analysis of the US Dollar Index (below) shows some more similarities and differences between the 70s era and now. I believe that these further supports the expectation that silver will perform much better than it did during the 70s. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Precisely Wrong on US Dollar, Gold? Posted: 18 May 2016 06:04 AM PDT Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors? | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 May 2016 05:12 AM PDT MUST READS George Soros bet big on gold – CNN/Money Fighting the Next Financial Crisis – Project Syndicate Why millions of US workers will now get overtime pay – CSM Wildfire causes evacuation of Canadian oil sands camps – Mining.com Facebook Trending team worker: the most toxic work experience of my life – Guardian Sanders wins Oregon, battles Clinton in Kentucky, [...] |
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