Monday, August 1, 2016

Gold World News Flash

Gold World News Flash

Is Europe Doomed By Vassalage To Washington?

Posted: 31 Jul 2016 11:00 PM PDT

Authored by Paul Craig Roberts,

“One Ring to rule them all . . . and in the darkness bind them.”
J.R.R. Tolkien, The Lord of the Rings

World War II resulted in Europe being conquered, not by Berlin but by Washington.

The conquest was certain but not all at once. Washington’s conquest of Europe resulted from the Marshall Plan, from fears of Stalin’s Red Army that caused Europe to rely on Washington’s protection and to subordinate Europe’s militaries to Washington in NATO, from the replacement of the British pound as world reserve currency with the US dollar, and from the long process of the subordination of the sovereignty of individual European countries to the European Union, a CIA initiative implemented by Washington in order to control all of Europe by controlling only one unaccountable government.

With few exceptions, principally the UK, membership in the EU also meant loss of financial independence. As only the European Central Bank, an EU institution, can create euros, those countries so foolish as to accept the euro as their currency no longer have the power to create their own money in order to finance budget deficits.

The countries that joined the euro must rely on private banks to finance their deficits. The result of this is that over-indebted countries can no longer pay their debts by creating money or expect their debts to be written down to levels that they can service. Instead, Greece, Portugal, Latvia, and Ireland were looted by the private banks.

The EU forced the pseudo-governments of these countries to pay the northern European private banks by suppressing the living standards of their populations and by privatizing public assets at pennies on the dollar. Thus retirement pensions, public employment, education and health services have been cut and the money redirected to private banks. Municipal water companies have been privatized with the result being higher water bills. And so on.

As there is no reward, only punishment, for being a member of the EU, why did governments, despite the expressed wishes of their peoples, join?

The answer is that Washington would have it no other way. The European founders of the EU are mythical creatures. Washington used politicians that Washington controlled to create the EU.

Some years ago CIA documents proving that the EU was a CIA initiative were released. See: and

In the 1970s my Ph.D. dissertation chairman, then a very high-ranking official in Washington with control over international security affairs, asked me to undertake a sensitive mission abroad. I refused. Nevertheless, he answered my question: “How does Washington get foreign countries to do what Washington wants?”

“Money,” he said. “We give their leaders bagfuls of money. They belong to us.”

The record is clear that the EU serves the interests of Washington, not the interests of Europe. For example, the French people and government are opposed to GMOs, but the EU permits a “precautionary market authorization” of GMO introduction, relying perhaps on the “scientific findings” of the scientists on Monsanto’s payroll. When the US state of Vermont passed a law requiring labeling of GMO foods, Monsanto sued the state of Vermont. Once the paid-off EU officials sign the TTIP agreement written by US global corporations, Monsanto will take over European agriculture.

But the danger to Europe goes far beyond the health of European peoples who will be forced to dine on poisonous foods. Washington is using the EU to force Europeans into conflict with Russia, a powerful nuclear power capable of destroying all of Europe and all of the United States in a few minutes.

This is happening because the paid-off with “bagfuls of money” European “leaders” had rather have Washington’s money in the short-run than for Europeans to live in the long-run.

It is not possible that any European politician is sufficiently moronic to believe that Russia invaded Ukraine, that Russia any moment will invade Poland and the Baltic states, or that Putin is a “new Hitler” scheming to reconstruct the Soviet Empire. These absurd allegations are nothing but Washington propaganda devoid entirely of truth. Washington’s propaganda is completely transparent. Not even an idiot could believe it.

Yet the EU goes along with the propaganda, as does NATO.

Why? The answer is Washington’s money. The EU and NATO are utterly corrupt. They are Washington’s well paid whores.

The only way Europeans can prevent a nuclear World War III and continue to live and to enjoy what remains of their culture that the Americans have not destroyed with America’s culture of sex and violence and greed, is for the European governments to follow the lead of the English and exit the CIA-created European Union. And exit NATO, the purpose of which evaporated with the collapse of the Soviet Union, and which is now being used as an instrument of Washington’s World Hegemony.

Why do Europeans want to die for Washington’s world hegemony? That means Europeans are dying for Washington’s hegemony over Europe as well.

Why do Europeans want to support Washington when Washington’s high officials, such as Victoria Nuland, say “Fuck the EU.”

Europeans are already suffering from the economic sanctions that their overlord in Washington forced them to apply to Russia and Iran. Why do Europeans want to be destroyed by war with Russia? Do Europeans have a death wish? Have Europeans been Americanized and no longer appreciate the historic accumulation of artistic and architectural beauty, literature and music achievements of which their countries are custodians?

The answer is that it makes no difference whatsoever what Europeans think, because Washington has set up a government for them that is totally independent of their wishes. The EU government is accountable only to Washington’s money. A few people capable of issuing edicts are on Washington’s payroll. The entire peoples of Europe are Washington’s serfs.

Therefore, if Europeans remain the gullible, insouciant, and stupid peoples that they currently are, they are doomed, along with the rest of us.

On the other hand, if the European peoples can come to their senses, free themselves from The Matrix that Washington has imposed on them, and revolt against Washington’s agents who control them, the European peoples can save their own lives and the lives of the rest of us.

Ron Paul Warns - Americans Are Going to be Disappointed by Election Outcome

Posted: 31 Jul 2016 09:59 PM PDT

It is a sad commentary on the state of political life in the United States that our political conventions have become more like rock music festivals than competitions of ideas. There has been a great deal of bombast, of insults, of name-calling, and of chest-beating at both party conventions, but what is disturbingly absent is any mention of how we got to this crisis and how we can get out. From the current foreign policy mess to the looming economic collapse, all we hear is both party candidates saying they will fix it, no problem.

The Weekly Charts for Nasdaq, Gold, Miners, France, UK, Germany, Dollar...

Posted: 31 Jul 2016 09:56 PM PDT

Most traders are so short term oriented that they forget to look at the weekly charts. The weeklies will tell you the intermediate trend. It’s never safe to trade against the intermediate trend unless it is very late in the intermediate cycle.

The Price of Gold Continues to Rise as Asian Gold Demand Falters

Posted: 31 Jul 2016 09:00 PM PDT

from Smaul gld:

Is War Inevitable In The South China Sea?

Posted: 31 Jul 2016 07:00 PM PDT

Authored by Pepe Escobar, originally posted Op-Ed via,

Since the recent ruling by The Hague in favor of the Philippines and against China over the South China Sea, Southeast Asia has been engulfed on how to respond. They dithered. They haggled. They were plunged into despair.

It was a graphic demonstration of how “win-win” business is done in Asia. At least in theory.

In the end, at a summit in Vientiane, Laos, the 10-nation Association of Southeast Asian Nations (ASEAN) and China finally settled for that household mantra - “defusing tensions”.

They agreed to stop sending people to currently uninhabited “islands, reefs, shoals, cays, and other features” after ASEAN declared itself worried about land reclamation and “escalations of activities in the area”.

And all this without even naming China - or referring to the ruling in The Hague.

China and ASEAN also pledged to respect freedom of navigation in the South China Sea (which Washington insists is in danger); solve territorial disputes peacefully, through negotiations (that happens to be the official Chinese position), also taking into consideration the UN Convention on the Law of the Sea (UNCLOS); and work hard to come up with a Code of Conduct in the South China Sea (that’s been going on for years; optimistically, a binding text will be ready by the first half of 2017).

So, problem solved? Not really. At first, it was Deadlock City. Things only started moving when the Philippines desisted to mention The Hague in the final statement; Cambodia – allied with China – had prevented it from the start.

And that’s the heart of the matter when it comes to ASEAN negotiating with China. It’s a Sisyphean task to reach consensus among the 10 members – even as ASEAN spins its role as the perfect negotiation conduit. China for its part prefers bilaterals – and has applied Divide and Rule to get what it wants, seducing mostly Laos and Cambodia as allies.

That threat by a peer competitor

The strategic geopolitical centrality of the South China Sea is well known: A naval crossroads of roughly $5 trillion in annual trade; transit sea lanes to roughly half of global daily merchant shipping, a third of global oil trade and two-thirds of all liquid natural gas (LNG) trade.

It’s also the key hub of China’s global supply chain. The South China Sea protects China’s access to the India Ocean, which happens to be Beijing’s crucial energy lifeline. Woody Island in the Paracels, southeast of Hainan island, also happens to be a key bridgehead in One Belt, One Road (OBOR) – the New Silk Roads. The South China Sea is strictly linked to the Maritime Silk Road.

The arbitration panel in The Hague (composed of four Europeans, one American of Ghanaian descent and, significantly, no Asians) issued a ruling that is non-binding; moreover, it was not exactly neutral, as China, one the conflicting parties, simply refused to take part.

Beyond these expressions of mutual ASEAN-China understanding, hardcore action will keep everyone’s juices flowing. The Pentagon, predictably, won’t refrain from its FON (Freedom of Navigation) program, which has recently featured several B-52 overflights in the South China Sea along with the usual US Navy patrols.

But now Beijing is counter punching in style – showing off one of its H-6K long-range nuclear-capable bombers overflying Scarborough Shoal, near the Philippines. That only increased Pentagon paranoia, because the real game in the South China Sea revolves to a large extent over China’s aerial and underwater military strategy.

To understand the progression, we need to go back to the early 1980s, when the Little Helmsman Deng Xiaoping set up China’s first Special Economic Zone (SEZ) in Shenzhen. From the start, the whole Chinese miracle always depended upon China’s eastern seaboard’s fabulous capacity to engage in global trade. More than half of China’s GDP depends on global trade.

But, strategically, China has no direct access to the open seas. Geophysics is implacable: there are islands all around. And geopolitics followed; many of these are and can become a problem.

Wu Shicun, the president of China’s National Institute for South China Sea Studies, has been constant over the years; all of Beijing’s actions boil down to securing strategic access to the opens seas. This may be construed in the West as aiming for a “Chinese lake”. But it’s in fact about securing its own naval backyard. And that implies, predictably, deep suspicion about what the US Navy may come up with. The Defense Ministry loses sleep about it 24/7.

For Beijing, it’s crystal clear; the eastern seaboard must be protected at all costs – because they are the entry and exit point of China’s global supply chains. Yet as Beijing improves its military sophistication, the hegemon – or exceptionalist – machine gets itchier and itchier. Because the whole ingrained exceptionalist worldview can only conceive it as a “threat” by a peer competitor.

The larger-than-life “access” drama

From Exceptionalistan’s point of view, it’s all about the myth of “access”. The US must have full, unrestricted “access” to the seven seas, the base of its Empire of Bases, post-Rule Britannia system: the “indispensable nation” ruling the waves.

But now Beijing has reached a new threshold. It’s already in the position to successfully defend the strategic southern island of Hainan. The Yulin naval base in Hainan is the site of China’s expanded submarine fleet, which not only features stalwarts such as the 094A Jin-class submarine, but the capability to deliver China’s new generation ICBM, the JL-3, with an estimated range of 12,000km.

Translation: China now can not only protect, but also project power, aiming ultimately at unrestricted access to the Pacific.

The US counter punch to all this is “Anti-Access”, or A2, plus Area Denial, which in Pentagonese turns out as A2/AD. Yet China has evolved very sophisticated A2/AD tactics, which include cyber warfare; submarines equipped with cruise missiles; and most of all anti-ship ballistic missiles such as the Dongfeng 21-D, an absolute nightmare for those sitting duck billion-dollar US aircraft carriers.

A program called Pacific Vision, funded by the Pentagon’s Office of Net Assessments, eventually came up with the Air-Sea Battle concept. Virtually everything about Air-Sea Battle is classified. As the concept was being elaborated, China has mastered the art of very long range ballistic missiles – a lethal threat to the Empire of Bases, fixed and/or floating.

What is known is that the core Air-Sea Battle concept, known in Orwellian Pentagonese as “NIA/D3”,“networked, integrated forces capable of attack-in-depth to disrupt, destroy and defeat adversary forces”. To break through the fog, this is how the Pentagon would trample over Chinese A2/AD. The Pentagon wants to be able to attack all sorts of Chinese command and control centers in a swarm of “surgical operations”. And all this without ever mentioning the word “China”.

So these are the stakes. The indispensable nation’s military hegemony over the whole South China Sea must always be undisputed. Always. But already it is not. China is positioning itself as a cunning, asymmetrical aspirant to “peer competitor”. For the moment Beijing ranks second in the Pentagon’s list of “existential threats” to the US. Were not for Russia’s formidable nuclear power, China would already be number one.

At the same time China does not need to launch any military offensive against an ASEAN member; it’s bad for business. The environment after The Hague’s ruling – as the Laos summit proved – points toward long-term diplomatic solutions. But make no mistake; at some point in the future, there will be a serious confrontation between the US and China over “access" to the South China Sea.

Gold And Silver – Merkel: Example Of How Clinton Is A Globalist Puppet

Posted: 31 Jul 2016 06:30 PM PDT

from Edge Trader Plus:

Americans have faced mass murder tragedies over the last few decades, all home- grown killers: Columbine high school shootings, the Sandy Hook elementary school shooting, [a false flag?], the recent Orlando shooting, to name a few amongst so many others. The taking of innocent lives in such a senseless manner is a heartfelt reaction experienced by the entire nation.

It is with empathy that we identify with the terrorist events that occurred in Germany, equally senseless but attributable to a common external trigger: Islamic terrorists. We use the term Islamic to describe the terrorists with no concern to be "politically correct." The source of the murderers is beyond question. We also feel for the French and what that nation has been suffering as a consequence of allowing foreign Middle East immigrants to freely enter the country.

German Chancellor Merkel has been very vocal in support of "welcoming" the growing tsunami of immigrants from war-torn Middle Eastern countries.  The United States globalist leaders are directly responsible for unleashing the onslaught of immigrants and inevitable terrorists upon Europe.  It has been a purposeful effort to destabilize and weaken Europe, and tyrant George Soros has been the leading champion behind the elite's Problem-Reaction-Solution effort to rid Europe of its individual sovereign nations and national identities.

Angela Merkel could care less about the citizens of Germany.  From the economic weakening of the German economy due to the US-induced European sanctions against Russia to the obvious weakening of German nationality, favoring the protection of unwanted Middle East immigrants against the interests and safety of German citizens, Merkel exhibits no legitimate concern for stemming the immigration problems.

Here is a political quote from the "deeply concerned" [cough, cough] Merkel:

"We are doing everything humanly possible to ensure security in Germany," she noted, but added, "Anxiety and fear cannot guide our political decisions."

Who is "We," Angela?  The elites to whom you pledge your allegiance?  Doing "everything humanly possible," everything except dealing with the source of the undermining of security of Germans.  How about using reality as a guide for your political decisions!  The German anxiety and fear are real and demand attention and protection over the misdirected protection of a handful of immigrant terrorists.

German Chancellor Angel Merkel is a treasonist sell-out to the German people. Shame on her and every other political hack trying to preserve the political European Union  She is an example of what Americans can expect from Hillary Clinton should the globalists prevail and elect this megalomaniac to the presidency of the corporate federal government.

Hillary Clinton has a history of scandal attached to every aspect of her political career. That Americans purposefully choose to ignore the facts and remain ignorant of her Machiavellian personality says a lot about how much the globalists have successfully used a propaganda-propelled media to keep Democratic voters fooled by this most transparent of a globalist acolyte who has no regard for the people she uses to get her elected in the same way Merkel shows no regard for German citizens.  Globalist politicians only serve one master, and the general population is of no concern.

Where Barack "Yes we can!" Obama turned out to be intellectually deficient George Bush squared, if elected, Hillary Clinton will be Bush/Obama cubed.  The majority of Clinton's political contributions are from Wall Street and mega-corporations like Monsanto, the corporation bent on poisoning the world, with strong support from Clinton.  The Clinton Foundation has billions in contributions from those nations supporting war around the globe in partnership with Obama and the US.  Clinton is a known war hawk with a track record to prove it.

The Clintons did not rise from being penniless after leaving Arkansas to becoming worth hundreds of millions of dollars from backing the people.  Every dime of their now outrageous wealth came from Wall Street and major corporations.  She does not mind being owned by them for they have rewarded her well, financially.

Read More @

Something Strange is Going On Worldwide! (2016-2017)

Posted: 31 Jul 2016 06:12 PM PDT

SIGNS OF THE TIMES: worldwide strange events from the past week world news end times bible prophecy strange sounds loud booms mystery The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers...

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TOPIC: RECORD gold-exports to U.S. from Switzerland. WHY??

Posted: 31 Jul 2016 05:30 PM PDT

by Jeff Nielson, Bullion Bulls:

One subject which comes up on a regular basis are bullion STOCKPILES. Not the absurd “inventory” numbers we get from the banksters with respect to their ultra-fraudulent bullion markets.

“Inventories” (supposedly) represent the amount of a particular good which is IMMEDIATELY available for sale. Stockpiles represent the total quantity of a good which is potentially available for sale (usually at much higher prices). Thus the question, year after year is this: how large are the bullion STOCKPILES of gold and silver? And: where are these stockpiles located?

As I have indicated before, we have no means of precisely identifying the size of bullion stockpiles under the control of Western oligarchs. We know that these stockpiles have been steadily/rapidly declining. We know that the “gold reserves” which Western regimes claim to hold are the most-absurd of exaggerations. But we don’t know how much gold/silver the oligarchs started with.

As to WHERE all this hoarded gold and silver is located, it would be difficult to come up with a more-likely location than SWITZERLAND. This brings us to the new data.

For decades, the U.S. has been exporting gold to Switzerland in modest amounts. Americans (and Canadians) were too stupid to know that they needed this gold, and the Swiss (especially wealthier individuals) have/had a much greater appreciation for bullion.

But now, suddenly, the tables have turned. It is Switzerland which is suddenly exporting gold to the U.S. — and in very large quantities. Last month; Switzerland shipped 20 TONNES of gold to the U.S.

What does this sudden reversal of gold-flows tell us, especially since such a large amount of gold is involved? It strongly suggests that the banksters NEEDED a large quantity of physical bullion — and Switzerland is where that bullion magically appeared from.

As a reminder, when war was raging all over the world during World War II, Switzerland was able to remain “neutral”. Note that nations like Belgium also declared their “neutrality”. Hitler ignored it, completely. Yet, in Switzerland, the land of Bankers, Hitler never threatened Swiss neutrality, despite the fact that Switzerland had absolutely no means of defending itself — and lots of WEALTH which the Third Reich could have looted.

Clearly Hitler’s Western financiers told him he was not allowed to venture into Switzerland, ever. Switzerland is also home to the Bank for International Settlements — which is allowed to exist as a SOVEREIGN TERRITORY (i.e. even the Swiss government isn’t allowed on its premises.

Read More @

Indians plow 2.95 tonnes of gold into banks

Posted: 31 Jul 2016 05:07 PM PDT

By Andrew Topf, Vancouver, British Columbia, Canada
Sunday, July 31, 2016

The Indian government's plan to incentivize households to hand their gold over to banks in return for interest payments appears to be working.

According to The Indian Express, the government collected 919 crore (US$137.8 million) during the fourth tranche of its Sovereign Gold Bond program, rolled out in November 2015.

"The amount realised through the fourth tranche, at around Rs 919 crore, is the highest achieved as yet. The previous highest was Rs 746 crore in the second tranche, when the issue price was only Rs 2,600 per gram of gold. This was mobilised through over 1.95 lakh applications representing around 2.95 tonnes of gold," a finance ministry statement said.

The first three tranches of the Sovereign Gold Bond program raised 1,318 crore (US$197.6 million). The fourth tranche was launched July 18-22, in consultation with the Reserve Bank of India. ...

... For the remainder of the report:


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New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana

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

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

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 The IRS Is Probing The Clinton Foundation

Posted: 31 Jul 2016 04:50 PM PDT

"Clinton Cash" author, Peter Schweizer, recently took to the airwaves to explain why the IRS investigation of the Clinton Foundation should be a "big deal" (also see Clinton Cash: "Devastating" Documentary Reveals How Clintons Went From "Dead Broke" To Mega Wealthy") even though he expressed some "skepticism" over the ability of Obama's IRS to run an impartial investigation.  As we we've reported (see "IRS Launches Investigation Of Clinton Foundation"), the IRS recently launched an investigation of the Clinton Foundation after receiving a letter signed by 64 Republicans of the House of Representative which described the Clinton Foundation as a “lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years.” 

Somehow we, too, are doubtful that the IRS will lead this investigation with the same kind of vigor they displayed when looking into local Tea Party organizations and religious charities during the last election cycle. 

When asked why the IRS should be concerned about the Clinton Foundation, Mr. Schweizer explained:

"The big deal is that...there are international anti-bribery standards that say bribing a public official can mean giving them money, giving their family money, or giving their charity money.  Just because it's a charity doesn't mean that it's not important or not constitutes bribery every bit as much as if somebody's putting money in somebody's pocket for a benefit."

Mr. Schweizer continued by calling into question why foreign governments and wealthy foreign individuals, many from the middle east, would contribute money to the Clinton Foundation given the limited scope of their actual charitable outreach:

"When you look at the people who are giving large sums of money overseas they are people who have histories of corruption or being involved in bribery scandals."

We're certain Mr. Schweizer is "overreacting".  After all we're pretty sure the State of Kuwait, Friends of Saudi Arabia, United Arab Emirates, The Government of Brunei Darussalam and The Sultanate of Oman, all Clinton Foundation contributors (see full list below), are eagerly involved in the Clinton Foundation's project entitled "No Ceilings: The Full Participation Project" whose stated goal is building an "evidence-based case to chart the path forward for the full participation of girls and women in the 21st century."

A full list of entities/individuals that have made bribes contributions in excess of $1mm to the Clinton Foundation over the years can be found below (click for a larger image):

Clinton Foundation Contributors

Finally, when asked why the Obama administration would allow the Clinton Foundation to continue to solicit cash from foreign governments even as she served as Secretary of State, Mr. Schweizer noted that, in fact, Obama conditioned his appointment of Clinton to Secretary of State on her agreement to "disclose all donors"...a condition which Clinton promptly ignored. 

"We know now that there at least 1,100  contributions from foreign sources they still haven't disclosed."

The full interview with Mr. Schweizer can be viewed below:


In light of the IRS investigation, we also decided to take a quick look at the Clinton Foundation financials (full reports can be found here). To our "surprise," we discovered that, in fact, only 13.6% of the $248 million of expenditures made by the Foundation in 2014 were for "direct program expenditures" while the remainder went to salaries and amorphous expense buckets like "Professional and Consulting" and "Meetings and Training."  We're very hopeful that this is the type of "efficiency" that Hillary can bring to the various federal organizations.  After all, spending 13.6 cents of every dollar on actual stated objectives would be a huge improvement for many federal entities.

Clinton Foundation 2014 Expenses

The full 2014 audited financials of the Clinton Foundation can be viewed below:

In GoldSeek Radio interview, GATA Chairman Murphy covers silver's struggle

Posted: 31 Jul 2016 04:33 PM PDT

7:32p ET Sunday, July 31, 2016

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, discusses the strange developments in the silver futures market, where JPMorganChase, custodian of the metal of the silver exchange-traded fund SLV, seems to be struggling to hold the price down while strong hands seem ready to take delivery of ever-scarcer supplies. The interview is 10 minutes long and begins at the 29:30 mark here:

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


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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
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New Orleans, Louisiana

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

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

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:

Weekend Edition: The Great Lie That Is Bankrupting the Economy

Posted: 31 Jul 2016 04:30 PM PDT

by Bill Bonner, Casey Research:

In today’s essay, Agora founder Bill Bonner calls for your careful attention.

In it, he discusses the major problem that most folks—including economists and Nobel Prize winners—have no idea is going on right now…

As you’ll see, it’s a problem that’s destroying our economy…

PARIS – We are having a cup of coffee at the Café de Paris near the center of town.

Chic women and gloomy men walk by, as they always do. Here and there, groups of tourists turn the corner toward the Palais Garnier opera house.

Bill's view of the Louvre from a bar near the Café de Paris

But Paris is another city with a problem. It relies on summer tourism for much of its money. And the tourists aren't coming like they used to.

Europe on Edge

Gendarmes with machine guns patrol the streets. After the attacks in Paris… and then Nice… the police have their eyes open.

But what are they looking for?

In Paris… armed men simultaneously invaded restaurants, nightclubs, even a sports stadium… and began firing.

In Nice, a single man with a refrigerated truck mowed down 84 people.

And in Munich, over the weekend, it was a lone shooter in a mall who did the killing. Then a man blew himself up in Ansbach outside a music festival.

Europe is on edge. Where will the next attacker come from? What will be his target? Can this problem be solved?

We don't know. But it doesn't seem likely that it will be solved by getting tough on crime.

Whaddya gonna do? Pick up the pieces of the dead perp and throw the book at him?

Phony-Baloney Money

Some problems don't have easy solutions. Some have no solution at all.

And here we beg for a few minutes of your careful attention…

This isn't easy to understand. It took us 30 years to get a handle on it. And most of the economists you read, including Nobel Prize winners, have no idea what is really going on.

We're talking about money. And the problem caused by the Fed's phony-baloney credit-money. It has led to a worldwide debt bubble – $300 trillion worth.

And like all bubbles, it's going to blow up. When it does, we predict, there will be Hell to pay.

The first thing to understand is what money is. It's not wealth. You could have a pile of dollars… euro… or gold… and if there were nothing to buy, it would be worthless.

Money is not wealth. It just measures wealth… like a clock measures time.

We know that a clock is not time. And you can't add time simply by painting an extra hour onto the face of your clock.

Wealth is what has been produced… what has been made available… what you can buy with money.

Confusing money with wealth is like confusing a ticket for the ballgame for the game itself.

So you see right away how "stimulating" the economy by giving it more fake money is a fraud. It doesn't stimulate the economy; instead, like a clock that has gotten out of kilter, it just causes you to miss your plane.

You hear economists say that a "strong dollar" is good… or a "weak yen" is bad. It is nonsense. The only thing that matters is that money be honest. Like a clock, you just want it to tell you the right time.

And since what you really care about is not money but what you can buy with it, real money cannot be separated from the real economy, where goods and services are produced.

This insight is at the heart of Say's Law: You buy products with products… not with pieces of paper.

An Honest Mistake?

Look what happened in Zimbabwe in the late 1990s, when the government separated its money from the real economy.

It printed trillions of dollars of paper money. But this paper "wealth" just misled everyone.

People went to the local café with a billion Zimbabwe dollars in their pockets – and discovered that they couldn't even buy a pack of cigarettes.

Investors put money into new businesses, hoping to make a 5% return. But when the numbers came back, hyperinflation had made them meaningless.

Business slowed down… output fell… within months, the supermarket shelves were barren.

Real money stays close to the real economy. If the economy produces more… more real money becomes valuable. Because it can buy more.

If the economy produces less, real money tells the truth: It becomes less valuable as output falls.

But in 1971, President Nixon – advised by leading "monetarist" economist Milton Friedman – made a fateful error. He cut the dollar loose from the real economy.

An honest mistake?

Maybe. Friedman had come to the conclusion that the secret to good currency was to control the quantity of it.

How do you know if you have too much or too little?

You just look at consumer prices. If consumer prices aren't rising, you have nothing to worry about.

But it's not that simple. Stay tuned…

Read More @

Prophecy Alert: "Asteroid Bennu" Could Destroy The Earth"

Posted: 31 Jul 2016 03:09 PM PDT

The Asteroid Bennu could "Destroy The Earth" according to NASA The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Ed Steer: A golden rescue on the Comex?

Posted: 31 Jul 2016 02:42 PM PDT

By Ed Steer
Ed Steer's Gold and Silver Daily
Saturday, July 31, 2016

Once again I was wrong about this week's Commitment of Traders Report in silver for positions held at the close of Comex trading on Tuesday. Although the commercial net short position in gold decreased by the expected smallish amount, there was a tiny increase in silver once again.

But under the surface in the headline gold number was an absolutely stunning change that both Ted and I were shocked to see. It proves Ted's premise that one of the smaller traders in the Big 8 category most likely had its financial back against the wall -- and had to get bailed out in whole or in part by one or more the Big 4 traders. More on that shortly, as first things first. ...

... For the remainder of the commentary:


The Gold Mine Barrick Might Regret Having Sold

K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.

The gold mining startup came together during one of the toughest periods in mining history.

K92's main asset is the Kainantu project, a large high-grade gold resource with extensive infrastructure including underground mine development, a mill processing facility, a fully permitted tailings pond, and paved roads. The infrastructure means K92 can aim to restart mining in the near term with minimal capital costs and seek to grow through cash-flow funded exploration on the roughly 405-square kilometer property, considered prospective for additional discoveries.

For more information, please visit:

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New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana

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

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

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

Help keep GATA going

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

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Posted: 31 Jul 2016 02:00 PM PDT

Mitchell Feierstein, author of Planet Ponzi returns to SGT Report to dissect the global economic meltdown and implosion of the planetary fiat Ponzi scheme. From $13 Trillion in bonds yielding negative interest rates to the ever-expanding criminal reach of Goldman Sachs, it's everything for the...

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The Day the Dollar Falls

Posted: 31 Jul 2016 01:30 PM PDT

Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time of the Great Depression repeating itself? VPRO Backlight and...

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Dont Be Fooled: "Stable Money" Means Gold

Posted: 31 Jul 2016 11:04 AM PDT

New World Economics

After the Collapse: Martial Law & Phases of SHTF

Posted: 31 Jul 2016 11:00 AM PDT

I discuss a potential timeline of events that might ensue post-disaster from anarchy to excessive rule of law and everything in between. Stay tuned for part 2 on wednesday August 3rd which will continue the discussion. The Financial Armageddon Economic Collapse Blog tracks trends...

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An Honest Conversation With A Donald Trump Delegate | RNC Convention

Posted: 31 Jul 2016 10:30 AM PDT

A report from a Donald Trump delegate who attended the Republican National Convention in Cleveland, Ohio. Includes: An interesting experience with the mainstream media, whining lobbyists, the failure of Ted Cruz and much much more! The Financial Armageddon Economic Collapse Blog...

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ALERT : "This Could Finally Bring Down Rothschild Dynasty" B. Fulford

Posted: 31 Jul 2016 10:00 AM PDT

News Flash - "This Could Finally Bring Down The Rothschild Dynasty" - Ben Fulford. Malaysian Government Theft of $3.5 billion from the People of Malaysia... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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Posted: 31 Jul 2016 09:10 AM PDT

end times, end times signs, end times news, end times events, bible prophecy, prophecy in the news, tornado, earthquake, strange weather, strange events, apocalyptic signs, apocalyptic events, strange weather phenomenon The Financial Armageddon Economic Collapse Blog tracks trends...

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Gold Monster First Delivery Day For August

Posted: 31 Jul 2016 09:05 AM PDT

Nova Scotia offered up 406,700 ounces of gold from their house account for the first delivery day in August. That is the biggest number I have seen in some time. And they sold it at what was close to the low for yesterday at $1,332. That's what one gets when they sell big in an active month which August is for gold. What were they thinking?

Gold Bull Market or just a Bear Market Rally?

Posted: 31 Jul 2016 08:59 AM PDT

While many are touting a new bull market in Gold, and Silver for that matter, history suggests otherwise. When we look back at the history of commodity prices for the past two centuries we observe generally short bull markets followed by longer bear markets. Since Gold was fixed for most of this period a chart going that far back would be of little use.

Ronan Manly: Austrian Mint sold 41 tonnes of gold coins and bars in 2015

Posted: 31 Jul 2016 08:08 AM PDT

By Ronan Manley
Bullion Star, Singapore
Sunday, July 31, 2016

Earlier this year the director of marketing and sales at the Austrian Mint confirmed to Bloomberg in an interview that the mint's combined gold bar and gold coin sales in 2015 had totalled 1.32 million troy ounces, a 45-percent increase on 2014, while the mint's silver sales in 2015 had reached 7.3 million ounces, 58 percent higher than in 2014.

Since Munze Österreich publishes its annual report in July of each year, we had to wait a few months to see the granular details behind these sales numbers. Now that the Austrian Mint's 2015 annual report has been published, the detailed sales figures are as follows. ...

... For the remainder of the report:


Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana

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

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

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:

Breaking News And Best Of The Web

Posted: 30 Jul 2016 06:44 PM PDT

US GDP disappoints. IMF admits it mishandled Greek crisis. Plunging interest rates turning insurance companies into hedge funds. Oil back in technical bear market. Japan considers 50-year bonds. Companies report fake numbers. Money pours into corporate bonds as sovereign yields go negative. Gold and silver jump again.   Best Of The Web Jim Grant is […]

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