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Saturday, September 24, 2016

Gold World News Flash

Gold World News Flash


Fed seeks sharp limit on Wall Street commodity holdings

Posted: 24 Sep 2016 01:13 AM PDT

By Jesse Hamilton
Bloomberg News
Friday, September 23, 2016

Goldman Sachs Group Inc.'s and Morgan Stanley's sometimes lucrative romance with metals, coal, and oil could become prohibitively expensive under a proposed rule released Friday by the Federal Reserve.

The long-awaited regulation would require banks to put up much more capital to support investments in physical commodities, restrict involvement with power plants, and limit the amount of trading banks can do. While the Fed doesn't have the power to sever banks' ties to physical commodities, it is seeking massive capital increases for the activities -- especially at Goldman Sachs and Morgan Stanley, which have special legal exemptions to stay in those businesses.

Fed officials estimated that the rule would mean about $4 billion in additional capital for the industry's current level of investment, though Wall Street has been steadily backing away.

"The proposal would help reduce the catastrophic, legal, reputational, and financial risks that physical commodity activities pose to financial holding companies," the Fed said in a statement.

Though it's unstated, the proposal also addresses years of criticism that banks could seize unfair advantages in metal and energy markets by owning hard assets and operating huge trading desks at the same time. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-09-23/fed-proposes-aggressiv...



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NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running

By Tommy Humphreys
CEO.ca
Tuesday, September 6, 2016

Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back.

This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ...

... For the remainder of the report:

https://ceo.ca/@tommy/new-newcastle-gold-ceo-gerald-panneton-hits-the-gr...



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The Banking Model from Hell Has Now Killed the IPO Market

Posted: 23 Sep 2016 11:30 PM PDT

by Pam Martens and Russ Martens, Wall Street On Parade:

The horror stories that continue to spill out about what Wall Street banks are doing behind their cloistered walls have blurred the actual function of Wall Street: to efficiently allocate capital so that new industries can be born and thrive in America, creating new jobs and a rising standard of living for all of our fellow citizens.

In the same week that the U.S. Senate Banking committee was taking testimony that one of the biggest Wall Street banks, Wells Fargo, was opening two million unauthorized customer accounts over at least a four-year span in order to generate fees and meet daily sales quotas, the Wall Street Journal reported yesterday that just 68 new companies had been listed for public trading this year, a drop of 51 percent from the 138 companies that had gone public by this time last year.

Let's recap what the public has learned over the past eight years about the Wall Street banking model from hell. (1) The greatest housing collapse since the Great Depression resulted from Wall Street banks muzzling their internal whistleblowers who wrote memos to management and shouted from the rafters that the banks' mortgage loan departments were ignoring their own compliance rules and buying up tens of thousands of mortgages with wildly overstated incomes by the mortgage holder. (2) The banks then knowingly bundled these toxic mortgages into pools and paid the ratings agencies, Standard & Poor's and Moody's, to assign triple-A ratings to the offerings (called securitizations). (3) The banks knew these toxic mortgages would fail but they sold them to their customers as sound investments. (4) The banks also used their insider knowledge that the mortgages were going to fail to place bets (short sales) and reap billions of dollars in profits as the U.S. housing market collapsed and families were thrown into the streets.

Last December, "The Big Short" movie began to play in theatres across America, allowing millions of people to see how the unchecked, insidious greed of Wall Street had destroyed the nation's economy along with the reputation of Wall Street, the ratings agencies and the revolving door regulators. (See video below.) The movie was based on real-life people on Wall Street and adapted from the book by the same title by author Michael Lewis, an authoritative source through his previous career on Wall Street.

Read More @ WallStOnParade.com

Central Banks Continue Their Debasement

Posted: 23 Sep 2016 09:30 PM PDT

from The Daily Bell:

A heavily divided Federal Reserve left short-term interest rates unchanged but said the case for a rate increase "has strengthened", in a strong signal that a move is likely before the end of the year … Three out of 10 of the US central bank's rate-setters voted against the decision, and called for an immediate increase. But the Fed said that for the time being it wanted to keep policy on hold as it waits for further evidence of progress towards its objectives, leaving the target range for the federal funds rate at 0.25 per cent to 0.5 per cent. -Financial Times

Nothing happened again on Wednesday just as predicted. The Fed didn't move and slightly more surprisingly, the Bank of Japan didn't do anything either.

But as we pointed out yesterday, such inaction is not surprising. The world is stuck in a holding pattern when it comes to money. Central banks will continue to print around the world until a final catastrophe is triggered and elites attempt to generate an entirely new monetary system, probably featuring the SDR currency basket as worldwide "money."

Central banks are mechanisms of monetary destruction. Since the advent of central banking, the dollar has been debased to one or two cents of its former value. And the world has been stuck in a quasi-depression for some seven  years. This is not a coincidence. The whole point of central banking is to create economic pressure that demands further – centralized – "solutions."

In this case, sooner or later, there will be significant price inflation and perhaps credit collapses as well. Central banks may have printed up to $50 trillion in excess currency since 2008 and sooner or later this money will circulate.

While the outlook is grim indeed for the larger global economy, money metals are shining a good deal more brightly. The pressure on gold and silver prices relative to the dollar has abated a little with Deutsche Bank's admission of metals price manipulation.

The Motley Fool tells us:

Read More @ TheDailyBell.com

It's Official: America Is Not The Greatest Country On Earth... It's 28th!

Posted: 23 Sep 2016 07:00 PM PDT

Violence, alcoholism, and obesity pose the biggest risks in the U.S.

But the rest of the world isn’t doing much better.

As Bloomberg reports, Iceland and Sweden share the top slot with Singapore as world leaders when it comes to health goals set by the United Nations, according to a report published in the Lancet. Using the UN’s sustainable development goals as guideposts, which measure the obvious (poverty, clean water, education) and less obvious (societal inequality, industry innovation), more than 1,870 researchers in 124 countries compiled data on 33 different indicators of progress toward the UN goals related to health.

The massive study emerged from a decadelong collaboration focused on the worldwide distribution of disease.

About a year and a half ago, the researchers involved decided their data might help measure progress on what may be the single most ambitious undertaking humans have ever committed themselves to: survival. In doing so, they came up with some disturbing findings, including that the country with the biggest economy (not to mention, if we’re talking about health, multibillion-dollar health-food and fitness industries) ranks No. 28 overall, between Japan and Estonia.

 

Bloomberg notes that the U.S. scores its highest marks in water, sanitation, and child development. That’s the upside. Unsurprisingly, interpersonal violence (think gun crime) takes a heavy toll on America’s overall ranking. Response to natural disasters, HIV, suicide, obesity, and alcohol abuse all require attention in the U.S. Also noteworthy are basic public health metrics that America. doesn’t perform as well on as other developed countries. The U.S. is No. 64 in the rate of mothers dying for every 100,000 births, and No. 40 when it comes to the rate children under age five die.

“The U.S. isn’t doing as well as it perhaps should compared with some countries in Western Europe,” Murray said.

Finally, it's an oldie, but a goodie...

Why Europe Secretly Roots For Donald Trump

Posted: 23 Sep 2016 05:30 PM PDT

Submitted by Matthew Karnitschnig via Strategic-Culture.org,

Careful observers of European politics might be forgiven for asking if — behind the exclamation of shock and horror over the prospect of a Donald Trump presidency — they don’t detect the occasional wry smile or hint of giddiness when the conversation turns to the U.S. Republican presidential candidate.

To be sure, hardly a day goes by without some senior European official voicing grave concerns over the possibility that Trump might win the elections. European Parliament President Martin Schulz warned recently that Trump “would be a problem not just for the EU but for the whole world.”

And yet, in some quarters at least, the Trump cloud carries with it at least a sliver of silver lining. No European politician will say so publicly, but to some on the Continent, Trump presents a once-in-a-generation opportunity for emancipation from American influence.

To varying degrees, America-bashing has been a mainstay on both the Right and Left of European politics for decades. From GMOs to Guantanamo, from the drone war to the death penalty, European politicians have rarely had difficulty finding reasons to rail against the U.S.

In fact, the evils of U.S. influence is one of the few things that European politicians from nearly every slice of the political spectrum can agree upon. In Germany, for example, one is just as likely to see an “Ami Go Home” (Ami is German slang for American) poster at a rally for the Left party as at a gathering of the far-right Alternative for Germany.

Just as the EU served as a convenient whipping post for British politicians of all stripes in recent decades, culminating in the Brexit vote, the U.S. serves a similar purpose for many European politicians. Even those who profess a deep commitment to the transatlantic relationship often can’t resist using the U.S. as a rhetorical foil to deflect attention from their own vulnerabilities.

As long as moderate politicians occupy the White House, anti-American politicians will find it difficult to turn their rhetoric into reality. A Trump presidency would force a rethink.

Just last week, Jean-Claude Juncker, hailing the Commission’s crackdown on Apple’s Irish tax penalty in his State of the Union speech, declared: “Europe is not the Wild West.” Anyone listening knew that “Wild West” means America. “We are not the United States of Europe,” Juncker added, to applause from the assembled MEPs. “We are much more diverse in Europe and stronger.”

Most Europeans at the center of Europe’s political spectrum genuinely fear the consequences of a Trump victory and a weakening of the Transatlantic relationship. But others smell an opportunity too good to be allowed to pass.

As long as moderate politicians like President Barack Obama or U.S. Democratic candidate Hillary Clinton occupy the White House, anti-American politicians will find it difficult to turn their rhetoric into reality. A Trump presidency would force a rethink.

Here are five reasons some European politicians are secretly rooting for Trump:

The end of free trade: From the outset, European trade negotiators warned that anti-Americanism posed the biggest threat to a sweeping transatlantic trade deal. The Transatlantic Trade and Investment Partnership (TTIP), the free-trade pact being negotiated by the U.S. and Europe, has been on life support for months. A Trump victory wouldn’t just douse any remaining hope for success, it would put a stake through the heart of the negotiations.

 

Opponents of the deal see it as the Trojan Horse of trade, designed to give U.S. companies even more influence in Europe. Trump has argued the opposite, that free-trade deals hurt American workers. The bottom line: a Trump victory would put a free-trade pact between the U.S. and Europe of any kind firmly off the table.

 

The birth of an EU army: The U.S. has guaranteed Europe’s security for decades through NATO, effectively placing a giant security umbrella over most of the Continent. That reliance doesn’t sit well with everyone.

 

Though Europe doesn’t have anywhere near the military resources of the U.S. (American military spending accounts for about 75 percent of the NATO total), politicians in France and Germany are eager to get to work on a European defense force. The idea isn’t new and faces myriad hurdles, mainly the question of how to finance it on Europe’s shoestring budget.

 

Nevertheless, a Trump victory would give the initiative a major boost. As with the trade deal, Trump would likely be happy to let the Europeans fend for themselves. He has made no secret of his distaste for Europe’s reliance on the U.S. military. Conversely, few Europeans would welcome Trump as commander-in-chief. If he wins, proponents of a European army would finally have the compelling argument they’ve been looking for.

 

Breaking up big brother surveillance: Europe’s most emotional gripe about American influence in recent years has revolved around mass surveillance. Edward Snowden’s revelations have convinced Europe that nobody — be it Angela Merkel or the man on the street — is safe from the NSA’s digital dragnet.

 

Though the reality is somewhat less dramatic, that narrative has carried the day and many Europeans are convinced the U.S. is listening to their phone calls. Snowden, a man Trump argues should be executed, has become a modern-day Che Guevara for Europe’s youth. For all the transatlantic tensions around mass surveillance, Europe still cooperates with the U.S., mainly to get access to intelligence on Islamic terrorists. A Trump victory would be welcome news to those opposed to such cooperation.

 

Cracking down on Wall Street: The influence of Wall Street banks in Europe has long been a bee in the bonnet of Europe’s anti-American elites and populists alike. No conspiracy theory about the eurozone debt crisis, for example, is complete without dark hints about suspected machinations in New York’s financial district.

 

The recent brouhaha about former Commission president José Manuel Barroso joining Goldman Sachs illustrates the depth of the distrust. “Goldman Sachs was one of the organizations that contributed to the financial crisis in 2007-2009, so we wonder about this particular bank,” Juncker last week, explaining why he called for an investigation into Barroso’s move. Never mind that the EU has no specific ban on officials working for Goldman or that plenty of European banks, such as Deutsche Bank, also had a hand in the turmoil.

 

Justified or not, the bottom line is that Wall Street is considered a toxic force in Europe. Politicians on the Left have had Wall Street banks in their sights for some time. A Trump win would present a good opportunity for a crackdown.

 

Schadenfreude: The most powerful force driving Europe’s secret hopes for a Trump victory is simple schadenfreude. Most Europeans never bought the U.S.’s “city on a hill” claims of exceptionalism. And yet for decades, they’ve been subjected to American claims of moral superiority.

Not only did the U.S. liberate Europe from fascism, it also freed the Continent from the clutches of communism, goes a common refrain. To more than a few Europeans, President Trump would prove that the U.S. is really no different than the Continent: just as dysfunctional, just as vulnerable to its basest instincts and just as susceptible to the false promises of a demagogue.

Prophecy Update End Time Headlines 9/23/16

Posted: 23 Sep 2016 04:30 PM PDT

A fast paced highlight and review of the major news stories and headlines that relate to Bible Prophecy and the End Times… The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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

State Street: "Move Over Zero Hedge, There Is A New Bear In Town"

Posted: 23 Sep 2016 04:28 PM PDT

By Mr. Risk - State Street Global Markets

Unleash Volatility Beast

Thanks for nothing, central banks!

  1. If central banks provided the prototypical inflection point, risk assets should get destroyed next week.
  2. Feast your eyes on a compendium of volatility charts. The beast wants out.
  3. Keys to watch: DXY, EURAUD, and 10-year yields. Move over ZEROHEDGE. There is a new BEAR in town,

* * *

Ahead of the BOJ and Fed meetings, volumes slowed to a trickle, traders got back to flat, and algos reached for the offswitch. Now that event risk is in the rear view mirror, it is time to vote. Buy-the-dip or ''sell everything?'' If classic market reflexes are in play, a market meltdown following the passing of event risks is by far the more likely outcome. That US equities launched higher is nothing, because it  always does that on Fed day. The obligatory central bank forensic is a good place to begin.

Expectations as measured by overnight volatility ahead of the BOJ were the third highest in 3-years. Notably, 7 out of the 10 highest readings have occurred in 2016, which says something about the growing perception about policy failure. Expanding monetary base has not delivered higher inflation expectations or a weaker currency. Just about every 2016 meeting USDJPY sunk like the proverbial stone.

The ''monetary assessment'' conducted by the BOJ was an admission that QQE was unsustainable, and needed to be tweaked. Plan B is ''QQE with yield curve control.'' No, that is not a new shampoo. Here is the stripped down ghetto-economist version.

  1. Negative interest rate
  2. Stabilize 10-year yields at 0%
  3. Keep asset purchases at ¥80 tn/year
  4. Abandon monetary base target
  5. Aim to overshoot the 2.0% inflation target
  6. Rebalance ETF by buying less Nikkei 225 linked ETFs and more Topix, removing a well-flagged distortion.

On the day, Topix banks were big winners (6.97%) versus Topix (2.7%). Not going negative and signalling a steeper curve was reasons to celebrate. As for yen it was rinse, repeat. Ostensibly ease, watch the currency weaken for a nanosecond before a violent reversal. Collectively, it was along the lines of ''hey, its BOJ day, aren't we supposed to sell USDJPY? What the heck is it doing above 102? Sell it.'' As for the boldness of the policy these are Mr Risk's conclusions:

  1. Policymakers have not lost their appetite for untested monetary experimentation.
  2. Pure Krugman -- credibly promise to be irresponsible.''
  3. It's radical. The question is how credible.
  4. On the flipside: BOJ opens the door to ''stealth tightening'', as one commentator worries.

Inviting an inflation overshoot when not a single economist believes that the BOJ will achieve its 2.0% inflation target in FY 2017 sounds like a sick joke, but really it is a radical. Even more radical is the commitment to hold JGB 10-year yields at zero. If inflation is rising as the economy heats up, they are pledging to cap nominal 10-year yields and thus keep lowering real rates, adding juice to the inflation trend. Alternatively, what happens if the global factor driving all global bond yields goes even lower? Then BOJ has committed to selling JGBs, thereby tapering and draining liquidity. This could get interesting.

In the Q&A, Kuroda talked about the unwanted negative impacts on credit creation from yield curve flattening. It hurts banks NIM and threatens pension funds ability to deliver on promises. The BOJ wants to steepen the curve, but not by increasing longer yields because that is a monetary tightening. By deduction the market factors in a lower deposit rate going forward. FX traders don't like it, but bank stocks might. Perhaps that links the two different outcomes.

Confused? Tim Graf says the BOJ embraces uncertainty. That nails the zeitgeist. The world just got a little crazier and a little more dangerous. Central banks need to learn that when you are in a hole, stop digging.

Mr Risk's takeaway is in line with Greg Ip's who said ''central banks have shown the will to hit their growth and inflation targets but do they have the way?'' Read his article. Central bank tools are losing their edge. The BOJ gets full marks for monetary experimentation, but investors are increasingly set to question why previous innovations have fallen short. This marks the most worrying thing possible, namely, the popping of the central bank bubble.

YELLEN: NOTHING TO SEE HERE

The headline is ''open warfare'' at the Fed with three Fed Presidents voting for a hike, the first time that three members have dissented in favour of tighter policy since September 2011 under previous Chairman Bernanke, before that it was 1990. Lee Ferridge pens the analysis with a cheeky title: We will hike in December; honest we will. In the most simplistic terms it appears as if the Brainard stock went up. Let the labour market run hot carried the day.

Forget the ''dots.'' Put no stock in the idea that the Fed makes the case for a year-end hike, as argued by Hilsenrath. Uncertainty ahead of the election is the real reason the Fed stood pat, fearing what might happen to financial markets and economic data if ''the Donald'' wins.

In the medium term, the issue with the ''dots'' boils down to a credibility problem. Michael Metcalfe writes that the ''FOMC is caught in a potentially vicious circle. The market has had a run where it appears to be a better forecaster of the policy rate than the FOMC. This limits the ability of FOMC to guide market expectations because the market believes it knows better. If policy makers are then unwilling to surprise the market, as they have been historically, this reinforces the market's better run at forecasting the policy rate and makes it even harder for the policy makers to guide expectations.''

Now something interesting that many may not know. While a dissent from Fed Presidents happens quite a lot, only three times have Fed Governors dissented. Even more interesting is the power to change rates rests with the 5 Governors -- Yellen, Fischer, Tarullo, Powell and Brainard. That is not a typo. Yes just these five. The Financial Services Regulatory Relief Act of 2006 amended the 1913 Federal Reserve Act to give the Fed the authority to pay interest on reserves beginning Oct 1, 2011. Did you know that it is only these 5 Fed Governors who have the power to set the rate of interest of excess reserves? Now that is interesting right?

After a press conference with plenty of the usual waffle, financial markets do what they always do on Fed day; they rallied. So far it's carrying on today, giving the buy-the-dip crowd something to crow about.

TECHNICAL DOLLAR

DXY is setting up for a monster move. It can go either way, but there is an excellent chance this launches higher. It's not like the Fed can do anything more on the policy front to crush it. Moreover, the a-b-c-d-e triangle may resolve higher in an explosion of volatility. Mr Risk is in wait mode. Let market forces tell us which way it breaks.

BULL LOGIC

While trolling Twitter, Mr Risk came across the following from Anil@anilvohra69. You just have to laugh at fitting the facts to the story or is it the story to the facts, Mr Risk forgets.

Yields

• High yields signal stronger growth
• Low yields make stocks more attractive via a lower-discount rate.
• Either way, buy stocks

Volatility

• Low volatility is good -- it reflects confidence
• High volatility is good -- as it declines stocks rally
• Either way, buy stocks

Oil

• Low oil is a tax cut for consumers
• Higher oil boosts investment
• Either way, buy stocks

DISTURBING FUN FACTS

• Factset reports S&P500 quarterly buybacks declined 6.8% y-o-y% in Q2 to $125 billion. This is uber-positive for volatility as buybacks are one of the key variables suppressing it.
• The last day of summer (21 Sept, or if a weekend, the previous trading day) has only 4 previous times since 1994 been an up day. Yesterday made it 5.
• The week after September options expiration has only been higher 4 times in the last 26 years or (15% of the time). It is down 1.1% on average. That does not bode well for Friday.
• What does 2016 have in common with 1986, 1990, 2001, and 2008? Bloomberg story says: falling profit margins, LMCI negative 12-month change, Capex negative, and Speculative grade defaults above 5.5%. Only 1986 escaped recession, but remember that energy consumption share was larger and we did not have shale production.
• The $400bn risk parity is in the crosshairs. It is estimated that there could be ''$50bn of bond selling from risk parity type investors.'' Read this: is the latest risk-parity blow up just starting and is a VaR shock just starting: here is the checklist. Honestly, this is one of the hottest topics right now.

UNLEASH THE VOLATILITY BEAST

If central bank bubble is popping then all of these following charts might actually mean something. If not, they are just a bunch of charts that look incredible but mean nothing. Let the reader decide.

Let's begin with the 1-year average of the VIX which catches the long cycle. It shows the two phases. Below 16, is benign, above 16 is disturbing. It has popped above the threshold and if history repeats is in the beginning of the high volatility phase which can last for the next year.

The 3-month change in S&P 12-month forward earnings peaked in July (2.76%), turning down in August (2.20%). ISM points to a further decline. This is pointing to a higher VIX reading.

Profit margins have declined 8 quarters on the trot. Consequently, the corporate financing gap has turned south which means increased dependence on external sources of liquidity, aka, debt. In the past such moves in the financing gap signal a downturn as well as boost the VIX.

What is absolutely critical for unleashing volatility is a US or global recession. Expansions are not supposed to die of old age, but nonetheless the current expansion is the 4th longest based on NBER dating. There is a plethora of economic and financial series pointing towards recession. A full piece on that is on the ''to-do'' list.

The yield curve slope adjusted for the level of yields warns of recession. Keen followers of demographics like Mr Risk's pal Michael Green (Ice Farm Advisors) argue that the incentives are set to disappear to work past 70.5 years from a Social Security benefits standpoint. This is critical. The baby boom began in 1946. Do the math. Add 70.5 to 1946 and you get 2016.5. What do retirees not do? They don't work. They don't spend. Still not convinced? Consider the Social Security Act was passed August 14, 1935. While not the primary reason for the 1937-38 recession, payroll taxes were first collected in 1937. These things matter.

The flattening yield curve slope (3m-10y) is another useful indicator when advanced 2-years against the VIX.

The Fed's Senior Loan Survey percent of banks tightening lending standards points to the beginnings of a credit crunch. Wait, are you saying that we should worried about not just energy loans, but car loans and commercial property loans? Oh, this is starting to get interesting.

If that chart did not get the visceral juices flowing, wait for this next one. C&I delinquency rates deviation from its 12- month average not only is ripping higher but in fact hit the worst readings of all time. When will the VIX wake up?

Markets are interconnected. Positive SPY/TLT says there is little diversification value, which adds to pressure to deleverage positions.

SEXY SEPTEMBER SEASONAL

2016 Dow price action is tracking the 1900-2012 Presidential-cycle September returns like a glove. Note that the real serious waterfall style declines are historically next week, which by the way coincides with the Trump-Clinton first debate. Also note that the incredible fit to the historical trend so far this month.

USDJPY -- GET A GRIP

Normally, we expect USDJPY to behave in line with US 10-year yields, the Nikkei and volatility. For one of the longest stretches in a while, this currency pair has misbehaved. Mr Risk is sending it to its room with no dinner, no Facebook, and taking away its stash of Cohibas. More seriously, this persistence dislocation speaks to positioning, top side export sellers, and ultimately a lack of faith in the BOJ to deliver  a weaker currency. Hope springs eternal for this USDJPY bull!

Elites Secretly Plan “Global New Deal”

Posted: 23 Sep 2016 03:13 PM PDT

This post Elites Secretly Plan "Global New Deal" appeared first on Daily Reckoning.

In the 1930s, elites said the New Deal would haul the country out of the Great Depression (it didn't).

Now some elites say a "Global New Deal" is needed to shake the fading world economy out of the Great Recession…

The U.N.'s Conference on Trade and Development just released its annual report. Bearing the sugary title "Structural Transformation for Inclusive and Sustained Growth," it's actually a rip-roaring manifesto for a global new deal. And they admit it. Quote:

"A global new deal will need to move beyond business as usual." That, of course, will require "effective international cooperation and action."

Strong stuff. What would a global new deal entail, exactly?

Truckloads of public spending on everything, alpha to omega. Taxes to kingdom come. Red tape and regulations beyond even that. Global wealth redistribution. Welfare. Here's a dose, the authors indulging their fondness for commas to the full:

"The policy package in developed economies will need to combine a proactive fiscal stance, both on spending and taxation, with supportive monetary and credit policies, stronger financial regulations and redistributive measures through an incomes policy, minimum wage legislation, progressive taxation measures and welfare-enhancing social programs."

Lots like the original New Deal.

The report also demands a return to the “developmental state” with its "production transformation policies" — the latter being out-of-town jargon for something less sweet: crony capitalism.

"Production transformation policies" is the kind of fimble-famble bureaucrats use to make trouble for honest words. And the one thing they can't afford is honesty. No bureaucracy can. Here's a stab at the “developmental state,” if you can penetrate the fog:

"Active industrial policies require a supportive institutional geometry of developmental states, government-business dialogue and 'reciprocal control mechanisms' that ensure government support translates into desired actions by the private sector."

Note well the words "control," "government" and "desired actions."

Jim Rickards calls obscure reports like this "silent dog whistles" elites use to communicate with each other. The information is open to the public. But only those in the know can decipher the coded messages behind the official gobbledygook.

Question: Are these elites putting their plan into action right now?

In April, global elites reached a climate agreement in Paris. And it's about to become binding after 31 nations officially joined the accord in New York this Wednesday. It could be fully ratified by the end of the year.

Jim predicted global institutions will use climate change as a stalking horse for something more… sinister:

Climate change is a convenient platform for world money and world taxation. That's one way the elites could sell their plans to the public. It's inflation masquerading as "saving the planet," "climate justice," or what have you… If you have a global problem, then you can justify global solutions. A global tax plan to pay for global climate change infrastructure with world money is the end game.

The endgame? Jim's been beating his tom-toms lately about special drawing rights (SDRs). That's the IMF's "world money" and Jim says elites plan to use it to replace the dollar in global trade. He's also said global elites could resort to "helicopter money" to generate their blessed inflation.

What does climate change have to do with SDRs… helicopter money… and a "Global New Deal"?

Don't think that climate change is unrelated to the international monetary system. (IMF head) Christine Lagarde almost never gives a speech on finance without mentioning climate change. The same is true for other monetary elites. They know that climate change is their path to global financial control.

The (April) climate agreement may have really just been a disguised helicopter money scheme. Spending on emission reduction programs and infrastructure could total about $6 trillion per year, which would be carried out by the IMF through the issue of special drawing rights (SDRs).

The U.N. report hints at an expanded role for the IMF. If our bureaucratese is up to snuff, that is. Mandarin is easier to translate:

There are signs that international bodies, such as the IMF, are rethinking their approach to macroeconomic adjustment. The necessary next step is for them to… consider the wide range of actions needed to diversify the structure and level of sophistication of economic activity.

Clear as mud. And probably not by accident…

A global new deal. The world could be one good recession away from it becoming a reality.

Below, Jim Rickards fully exposes the elites' solution to get their inflation. We discussed two of them. But there's a third. Read on for the full story.

Regards,

Brian Maher
Managing editor, The Daily Reckoning

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The post Elites Secretly Plan "Global New Deal" appeared first on Daily Reckoning.

She's your humble servant -- not the debaters

Posted: 23 Sep 2016 03:10 PM PDT

As the tension mounts for the upcoming presidential debate I suggest we keep one fact foremost in mind.  The two candidates are, in truth, and at best, fools.  They believe, as do the voters evidently, that they can run other people's lives, and for that reason want to tower over the lives and livelihoods of some 320 million Americans.

But wait, you say — the president doesn't simply impose his will on the nation.  He carries out a program concocted by faces both seen and unseen.  And of course you're right.  Those faces constitute what some call the Deep State and others the National Security State and still others the Secret Government.  And others Big Brother.  Policy is enacted through horse trading carried out in back rooms.  And untouchable bureaucracies issuing decrees.

Voters know this if you press them on it, but they go to the polls anyway because if no one did we'd collapse into tyranny.  So voters vote believing they've got this thing called the federal government in their hands and dismiss any suggestion that by voting it's the other way around.  We're still a free people, even if the US president can jail or kill anyone on his own discretion.  The president needs this power to safeguard our freedom. 

So, imagine, you Trump-haters out there, if he wins the jackpot.  Will you be targeted?  Same with you Hillary-haters.  Based on what you've seen and heard in the campaigns, do you think either one will repeal this power?  Do you think either one would hesitate to use it?  Or expand on it?

Whatever you're voting for this November, it ain't freedom.

But there is one bright voice available who lives in your pocket or purse.  She's incapable of assassinating you.   She can't bail out the big shots.  She can't issue executive orders.  She can't tell you how to run your business.  She can't tax you.  She can't dilute the purchasing power of the dollars you spend.  She can't create financial crises.  She can't send your kids overseas to fight in an undeclared war.  Or a declared one.  She can't create a false flag operation.  Unlike a politician she's almost always at your beck and call.  She's a loyal servant, not your master.  

As a politician, therefore, she's completely inept.  

She's knowledgeable but doesn't pretend to be all-knowing.  She can speak languages from Arabic to Turkish.  She can guide you on a trip from point A to point B.  If you make a wrong turn she can get you back on course quickly.  She's better at math than most people.  She can even tell a joke.

Which is better, Hillary (or Trump) in the White House, exposed to God-knows-what corrupt forces — or Siri in your pocket, helping you through your day?

And it's "you," not "us."  It's not one person organizing a nation like a herd of livestock.  She's an algorithm with a pleasant voice answering your questions, addressing your needs.

Sure, she could be better at helping you — much better.  But at least she exists for that purpose.  What about the candidates on Monday night — what will they do for you?  Kill more foreigners?  Print more money?  Arrest more people?  Tell more lies?  

Siri doesn't kill, print, arrest, or lie.  Fatal shortcomings for a politician.  All she does is try to answer your questions. 

Ever since her debut there have been those who grouse about her inadequacies.  We also heard complaints about the state of medical care in the country.  Siri keeps getting better.  And medical care?  ObamaCare drove my PCP into early retirement.

The betting sites are alive with action on who will win in November.  Meanwhile, Siri and other digital personal assistants approach the prime of their digital lives, threatening the political class with extinction.  

For those who think a truly helpful Siri is too far in the future, consider how she responds to questions put to her today.


  

















   
   
  











The Elite Solution: Three New Ways To Get Inflation

Posted: 23 Sep 2016 03:05 PM PDT

This post The Elite Solution: Three New Ways To Get Inflation appeared first on Daily Reckoning.

There are three ways to get inflation that have not been tried yet. You can see them coming a mile away if you understand elite jargon and the elite message system..

The three new ways to get inflation are "helicopter money," special drawing rights and raising the price of gold.

Helicopter money results when governments run larger deficits and central banks print the money to cover the deficits. Central banks have been printing money since 2008. The problem is banks won't lend it and people won't spend it.

Helicopter money cuts out the middleman. Governments just borrow and spend the money directly without waiting for the banking system to do the job. Central banks pick up the tab.

Special drawing rights (SDRs) are just world money printed by the IMF. The one advantage of SDRs is that very few people understand them, and there's no political accountability. SDRs can work hand in hand with helicopter money.

If governments want to spend more but legislatures won't let them, the IMF can hand out SDRs, and governments can spend those without waiting for their own legislatures to act. The IMF acts like the "central bank of the world," and no one can stop them.

Raising the price of gold is the easiest way to get inflation. A higher dollar price for gold is practically the definition of inflation. Governments can do this in a heartbeat. The Fed would just declare the price of gold to be, say, $5,000 an ounce and make the price stick using the gold in Fort Knox and their printing press to maintain a two-way market.

The Fed could sell gold when it hits $5,050 an ounce and buy gold when it hits $4,950 an ounce. That's a 1% band around the target price of $5,000 an ounce. The band and the use of physical gold will make the target price stick.

A higher price for gold is the same as a lower value for the dollar. The world of $5,000-per-ounce gold also means $10 per gallon gas at the pump and $40 for a movie ticket. Nothing happens in isolation.

If you don't believe this can happen, just check the history books. In 1934, President Roosevelt raised the dollar price of gold 70% and deflation stopped on a dime. The economy took off and so did the stock market. It works.

That's the elite plan. Helicopter money, SDRs and a higher gold price are the trifecta of how to get inflation when all else fails. These policies can be done individually or in combinations. This will be playing out in the next few years.

Don't take my word for it. Look at what the elites themselves are telling us:

Adair Turner is a bona fide member of the global monetary elite. His title is Baron Turner of Ecchinswell, and he's the former head of the U.K. Financial Services Authority. Today, he's the head of a George Soros front organization called the Institute for New Economic Thinking.

Turner wrote an article on May 9, 2016, called "Helicopters on a Leash," in which he discusses debt monetization (that's the technical name for helicopter money). Here's an excerpt:

The technical case for monetary finance is indisputable. It is the one policy that will always stimulate nominal demand, even when other policies — such as debt-financed fiscal deficits or negative interest rates — are ineffective… A small amount will produce a potentially useful stimulus to either output or the price level…That is not to deny important complexities in implementing helicopter drops.

Here's what Ben Bernanke had to say about helicopter money from his blog post on April 11, 2016:

"In theory at least, helicopter money could prove a valuable tool. In particular, it has the attractive feature that it should work even when more conventional monetary policies are ineffective and the initial level of government debt is high… The fact that no responsible government would ever literally drop money from the sky should not prevent us from exploring the logic of Friedman's thought experiment, which was designed to show — in admittedly extreme terms — why governments should never have to give in to deflation… In more prosaic and realistic terms, a "helicopter drop" of money is an expansionary fiscal policy — an increase in public spending or a tax cut — financed by a permanent increase in the money stock. To get away from the fanciful imagery, for the rest of this post I will call such a policy a Money-Financed Fiscal Program, or MFFP."

Calling helicopter money a "Money-Financed Fiscal Program" (MFPP) is typical of how global elites use jargon to cover up their agenda. This is why SDRs are not called "world money" and the Federal Reserve is not called the "Central Bank of the U.S." Elites use technical names to cover up the real programs. That's OK. We see through the names and what's really going on.

What's the evidence that the elites are planning to start up the SDR printing press? Here's an excerpt from an article dated April 25, 2016, by Andrew Sheng, former chairman of the Hong Kong Securities and Futures Commission and a professor at Tsinghua University in Beijing. Sheng's co-author is Xiao Geng. The article is called "How to Finance Global Reflation." Here's what Sheng had to say:

"An incremental expansion of the SDR's role in the new global financial architecture, aimed at making the monetary policy transmission mechanism more effective, can be achieved without major disagreement. This is because, conceptually, an increase in SDRs is equivalent to an increase in the global central bank balance sheet (quantitative easing)… Central banks… would expand their balance sheets by investing through the IMF in the form of increased SDRs… that… can be invested as such in the World Bank and other multilateral development banks, which can decide which global public goods deserve the resources."

This work on SDRs is not merely theoretical. China has already built a platform to expand borrowing and trading in SDRs. This is only the second platform of its type in the world. (The first SDR trading platform today is inside the IMF itself.)

Finally, what is the evidence that global elites are considering the use of government power to raise the price of gold as a way to get inflation?

Investors have often taken the view that governments try to suppress the price of gold, not raise it. That's true when governments are trying to lower inflationary expectations. But today they have the opposite problem.

Governments are trying to defeat deflationary expectations. And there's no better way to do that than let the price of gold go up in a convincing way.

There you have the roadmap for inflation on a national and global scale. The three new ways to get inflation are "helicopter money," special drawing rights and raising the price of gold.

Regards,

Jim Rickards
for The Daily Reckoning

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The post The Elite Solution: Three New Ways To Get Inflation appeared first on Daily Reckoning.

Collapse of the Mainstream Media Lew Rockwell

Posted: 23 Sep 2016 02:43 PM PDT

This interview was recorded on Sep 10, 2016 at the Ron Paul Institute for Peace & Prosperity conference near Washington D.C. The Zionist Communist satanic NWO is here and is in power WE are too late it's damage control now or death you choose. American citizens support the enemy and don't...

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Protecting Yourself From Worldwide Inflation

Posted: 23 Sep 2016 01:57 PM PDT

This post Protecting Yourself From Worldwide Inflation appeared first on Daily Reckoning.

No one has to be a victim of the global elite plan. You just have to see it coming. You preserve wealth by getting out of the way of certain developments. You increase wealth by getting out in front of other developments.  

As always, timing is critical. It's important to stay focused and be nimble.

Many of the short-run trends are the exact opposite of the long-run forces.

Stocks may perform well in the short run as central banks maintain their easy money stance. Once inflation takes off, that tends to be a disastrous environment for stocks because inflation hurts capital formation and new investment.

Cash is another good short-term asset because it fights deflation, reduces volatility, and gives you optionality to pivot into other asset classes when the timing of the elite plan becomes more clear. Yet cash will be a bad long-term choice because it suffers the most in inflation. In extreme cases, cash can become worthless.

Bonds are just a more volatile form of cash, with a higher yield. Again, bonds are a good short-term play (because of deflation fears) and a bad long-term bet (because inflation is just a matter of time).

Some of the best opportunities will be in private equity and technology startups. These have to be carefully selected because the failure rate in startups is high.

But good ideas can prosper in any environment. We've seen how Google, Amazon and Apple came through the tech crash of 2000 and the financial crisis of 2008, just fine. Finding these companies is easier said than done, but they're out there. My favorite sector at the moment is water infrastructure and water technology.

Gold is the ultimate all-weather play. As shown in this article, gold does well in inflation and in deflation (because government itself will bid up the price).

The problem with gold is that it just may not be available when you want it the most. This could be due to simple supply and demand, or governments may try to regulate sales or buy the floating supply for their own reserve positions.

The time to get your physical gold is now.

Regards,

Jim Rickards
for The Daily Reckoning

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The post Protecting Yourself From Worldwide Inflation appeared first on Daily Reckoning.

Commander Ashtar, Taking Responsibility for the Future of the Earth

Posted: 23 Sep 2016 01:52 PM PDT

 Commander Ashtar, Taking Responsibility for the Future of the EarthSeptember 23, 2016Channeled by Natalie Glasson The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Gold Unleashed by Fed

Posted: 23 Sep 2016 01:21 PM PDT

Zealllc

Gold Daily and Silver Weekly Charts - No One Left To Blame

Posted: 23 Sep 2016 01:19 PM PDT

How the Fed’s Rate Decision Can Make You Richer

Posted: 23 Sep 2016 08:51 AM PDT

This post How the Fed's Rate Decision Can Make You Richer appeared first on Daily Reckoning.

Bill "Slick Willy" Clinton was right on.

On Tuesday, he told CNBC that the Federal Reserve would "do the right thing" on interest rates. And it did just that… for his wife.

Don't kid yourself. As I told you recently, Janet Yellen wasn't going to raise rates and crash the stock market and economy seven weeks before the presidential election.

She wasn't going to go down in history as the person responsible for handing the White House to Trump.

How could she explain that to her comrades in arms in the faculty lounge at UC Berkeley?

So interest rates remain pinned to the floor. The markets keep levitating. And the odds of a major conflagration down the road have increased significantly.

But that doesn't mean there's not big money to be made in the markets while the elites pull levers and bang out favors to friends…

Thin Gruel for Savers

Some market watchers, including legendary bond investor Bill Gross, actually believed the Fed might raise rates this month.

Gross thought investors were underestimating the odds of a September rate hike. He believed it was self-evident that the Fed's roughly decade-long policy of near-zero rates had run its course.

Of course, his point was correct. But he made the crucial mistake of thinking the Fed was guided by data and logic. It's not. It's something akin to a sorority.

Gross told CNBC he was so stunned by the Fed's decision yesterday that he was having trouble speaking. But bless him, he did manage to speak some needed truth:

“After hawkish talk at Jackson Hole from [Fed Chair] Yellen and [Vice Chair] Stan Fischer, who even said there’d be two hikes in 2016, they’ve chosen to defer once more a necessary hike to normalize short-term interest rates and provide savers, in my view, with at least a bit of thin gruel to work with to provide for education, retirement and health-care needs.”

And not only did the Fed leave rates unchanged, it also lowered its rate forecast…

It now sees rates at 0.6% by the end of 2016, instead of the 0.9% it forecast in June. And the Fed's forecast for 2017 has rates rising to just 1.1%, as opposed to the 1.6% estimate in June.

That means the best-case scenario is ultra-low rates are going to be with us for a long freaking time—something I have known deep in my bones since the Great Recession.

As the Financial Times put it, these developments "will leave the Fed on track for the shallowest rate-lifting cycle in modern times."

As I'm about to show you, that's bad news for lemmings "all in" on the mutual fund Ponzi scheme. But it's damn good news for trend followers…

There's Always a Silver Lining

The Fed's decision on Wednesday was just a short-term fix to prevent any downside stock market action.

The Fed's been intervening like this for years, dating back to when Alan Greenspan flooded the banking system with reserves to provide "liquidity" during the 1987 stock market crash.

And we've seen it again and again in subsequent years where short-term government bailouts prevent needed periodic corrections. We've seen unsustainable businesses saved. And we've seen credit bubbles all the way to Matt Damon on Mars.

These obvious market excesses are never allowed to clear out. And this irresponsible behavior only guarantees a massive system-wide collapse—just like we saw in 2008-9.

That's ominous on a macro level. But these same policies also create profit opportunities within the larger arena of markets that trend followers can ride out for big gains.

Take gold for example. Investors have been worried about central bankers' acts of desperation for months now. And that's helped drive gold higher and higher. Simply a great trend…

My Trend Following subscribers have been able to ride that trend higher in the mining sector. As of yesterday, one of our gold mining positions is up 67%.

And this month's energy sector recommendation has already seen a 5% pop in two days thanks to the Fed's rate games this week.

The larger point here is that while the overall outlook of the stock market and economy may be dark and dreary, there are always going to be pockets of opportunity buried within the doom and gloom.

Sure, I wish the Fed would stop pouring gasoline on top of the their fire. I am an American after all. I like to see fair play in our politics and economics. But I can't make them do anything, nor can you.

What I can control is my decision-making, like identifying profitable waves of trend momentum that form across all markets. Everyone can do that—if you are outside of the box.

Once outside, you no longer have to be the sucker waiting around for the next Fed-induced crash, an event that will be designed to have you begging for even more Daddy government.

Seizing control of your financial future with trend following is a must, especially in a world filled with crazed bankers hell-bent on taking what you have left.

Please send your comments to me at coveluncensored@agorafinancial.com. Let me know what you think of today's issue.

Regards,

Michael Covel
for The Daily Reckoning

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The post How the Fed's Rate Decision Can Make You Richer appeared first on Daily Reckoning.

Allan Flynn: Monetary metals manipulation lawsuits hanging by a thread

Posted: 23 Sep 2016 08:02 AM PDT

11a ET Friday, September 23, 2016

Dear Friend of GATA and Gold:

Gold researcher Allan Flynn reports this week that the monetary metals market manipulation lawsuits filed against various banks in federal court in Manhattan seem likely to be dismissed by a very skeptical judge. Flynn's analysis is headlined "Hanging by a Thread" and it's posted at his Internet site, Comex We Have a Problem, here:

http://comexwehaveaproblem.blogspot.com/2016/09/hanging-by-thread.html

In GATA's view these lawsuits won't mean much unless they can implicate the primary parties in the rigging of the monetary metals markets, central banks using bullion banks as cover for their interventions.

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



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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

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

http://tinyurl.com/zr4tjuc

Help keep GATA going

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

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold Unleashed by the Fed

Posted: 23 Sep 2016 08:02 AM PDT

Gold surged sharply this week after the Yellen Fed yet again chickened out on raising its benchmark interest rate.  Gold-futures speculators’ irrational fear of Fed rate hikes has been a major drag on gold.  And rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into this year’s critical US presidential election.  So gold’s next major upleg was likely just unleashed by the Fed. Oddly, Wall Street’s expectations for a rate hike at this week’s latest meeting of the US Federal Reserve’s Federal Open Market Committee were surprisingly high.  The interest-rate target directly controlled by the FOMC is the federal-funds rate.  Commercial banks are required to hold reserves at the Fed.  They lend these reserves to other banks overnight in the federal-funds market, at the FOMC’s federal-funds rate.

Gold around U.S Presidential Elections

Posted: 23 Sep 2016 07:55 AM PDT

In previous articles, we examined gold's performance in the presidential election cycles. The only relatively reliable conclusion we were able to draw from the long-term analysis is that the post-election year is the worst for the price of gold in the whole cycle. Let's now focus on gold's short-term dynamics around election time. The two charts below show the dynamics of gold prices thirty trading days before Election Day and thirty days after.

Ronan Manly: From gold trains to gold loans -- Italy's mammoth gold reserves

Posted: 23 Sep 2016 07:51 AM PDT

10:50a ET Friday, September 23, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today provides a fascinating report about Italy's gold reserves, which involve not only the usual secrets of central bank gold -- particularly whether it is impaired by leases, swaps, or other accounting devices and tricks -- but also a tortuous political history. Manly's report is headlined "From Gold Trains to Gold Loans -- Banca d'Italia's Mammoth Gold Reserves" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/banca-ditalia-gold-reserve...

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



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Gold Standard Continues to Expand North Dark Star High-Grade Deposit

Company Announcement
Wednesday, September 14, 2016

VANCOUVER, British Columbia, Canada -- Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) today announced assay results from two holes, DS16-21 and DS16-04, at the recently discovered North Dark Star oxide gold deposit on its fully-owned and controlled Railroad-Pinion Project in Nevada's Carlin Trend. Results from DS16-21 have increased the width of the deposit and, more importantly, have confirmed that higher-grade oxide mineralization projects up-dip to more shallow depths to the east of DS16-08.

The primary objective of this year's drill program at North Dark Star was to expand the high-grade zone discovered in core hole DS15-13 (15.4 meters of 1.85 gold grams per tonne and 97 meters of 1.61 gold grams per tonne) at the end of last year's drill program. ...

...For the remainder of the announcement:

https://goldstandardv.com/news/2016/expansion-gold-standards-north-dark-...



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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

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

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

http://tinyurl.com/zr4tjuc

Help keep GATA going

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

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To contribute to GATA, please visit:

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As Euro, Yen And Dollars Fall Investors Will Turn To Gold

Posted: 23 Sep 2016 07:44 AM PDT

As Euro, Yen And Dollars Fall
Investors Will Turn To Gold
By Egon von Greyerz

In my King World News audio interview early this week I discussed with Eric King how investors will flee from the major currencies into gold as the currencies start reflecting the imminent major money printing spree.

We also talk about the European banking system and … Read the rest

J.S. Kim: With Fed out of way, gold and silver bull will resume

Posted: 23 Sep 2016 07:38 AM PDT

10:37a ET Friday, September 23, 2016

Dear Friend of GATA and Gold:

While he thinks the Federal Reserve's fecklessness on interest rates likely augurs another upleg in the monetary metals, financial letter writer J.S. Kim cautions this week that the Fed and financial houses can "paint the tape" to imitate market activity and deceive investors, limiting the value of so-called technical analysis. Kim's commentary is headlined "With Federal Reserve Uncertainty out of the Way, the Gold and Silver Bull Will Now Resume" and it's posted at his Internet site, SmartKnowledgeU, here:

https://smartknowledgeu.com/blog/2016/best-gold-and-silver-mining-stocks...

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



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K92 Mining Shows What 'Fast Track' Really Means

Company Announcement
By Kevin Silva
Market One Media, Vancouver, British Columbia, Canada
via Business News Network, Toronto
September 18, 2016

"Fast-tracking" is an overused phrase in the mining sector. But K92 Mining Inc. (TSX.V: KNT) has demonstrated exactly what that concept means.

Less than four months after going public on May 25, the company has completed additional financings totaling $18.5 million. It also refurbished the mill and mine facilities with enhanced processing capacity and has two drills turning onsite. With all this accomplished, production looks to be just days away.

"The technical team on site has done an excellent job with the production restart, and we are on schedule and on budget," says Director and Chief Operating Officer John Lewins. "With that focus on track, and with the enhanced financial flexibility resulting from our recent financings, we are now looking to target a resource expansion that we believe exists."

K92 has under-promised and over-delivered. ...

... For the remainder of the announcement:

http://www.bnn.ca/k92-shows-what-fast-track-really-means-1.568196



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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

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

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

http://tinyurl.com/zr4tjuc

Help keep GATA going

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

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Trump Criticizes FED for Creating ‘Fake Economy’ and Calls for Audit

Posted: 23 Sep 2016 06:28 AM PDT

Gold Stock Bull

Nigel Farage: Clinton is in for a big shock

Posted: 23 Sep 2016 02:26 AM PDT

 Former U.K. Independence Party leader Nigel Farage on Hillary Clinton's comments about Trump supporters. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

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Top Ten Videos — September 23

Posted: 22 Sep 2016 05:01 PM PDT

An intro to Austrian economics in three parts. The lithium boom is here. Lots more on gold, financial repression and Brexit.                       

The post Top Ten Videos — September 23 appeared first on DollarCollapse.com.

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