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Wednesday, September 28, 2016

Gold World News Flash

Gold World News Flash


AS PROMISED, A HUGE RAID ON GOLD & SILVER ON COMEX OPTIONS EXPIRY

Posted: 28 Sep 2016 12:00 AM PDT

from Harvey Organ:

DEUTSCHE BANK'S STOCK LANDS INTO SINGLE DIGITS/ITS CREDIT DEFAULTS SWAPS RISE AND SIGNALS BIG TROUBLE/DEPT OF JUSTICE IN THE USA SET TO LAND ON VOLKSWAGEN/ANOTHER USA HEDGE FUND BITES THE DUST (PERRY CAPITAL)

… It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

Read More @ Harveyorganblog.com

"The Only Way Out Is Creative Destruction" Sinn Fears "Self-Inflicted Malaise"

Posted: 27 Sep 2016 11:00 PM PDT

Authored by Hans-Werner Sinn, originally posted at Project Syndicate,

Almost exactly eight years ago, the Lehman Brothers collapse plunged the global economy into recession. The interbank market collapsed, and the entire industrialized world was thrown into the worst crisis since the end of World War II. Though central banks have maintained ultra-low interest rates, the crisis hasn’t yet been fully overcome. On the contrary, numerous economies, such as the southern European countries and France, simply aren’t making any headway. And Japan has been on the ropes for a quarter-century.

Some economists believe that this is evidence of “secular stagnation,” a phenomenon described in 1938 by the American economist Alvin Hansen, who drew on Karl Marx’s Law of the Tendency of the Rate of Profit to Fall. Owing to the gradual exhaustion of profitable investment projects, according to this view, the natural real interest rate has continued to fall. Stabilizing the economy thus is possible only by an equivalent decline in policy interest rates.

In view of the huge credit bubble that preceded the crisis in Japan, the United States, and southern Europe, and the aggressive policies pursued by central banks over the last few years, I doubt that this theory is correct. In fact, I find it plausible that a very different mechanism lies behind the post-2008 stagnation, which I refer to as “self-inflicted malaise.”

This hypothesis is best understood in the context of the economist Joseph Schumpeter’s theory of the business cycle. Faulty expectations on the part of market participants regularly cause credit and asset-price bubbles. Investors, expecting prices and incomes to rise, purchase residential and commercial properties, and they take chances on new business ventures. Real-estate prices start to rise, a construction boom occurs, and a new phase of rapid expansion begins, partly sustained by the revitalization of the domestic economy, including services. The growth in incomes increasingly emboldens borrowers, which further heats things up.

Then the bubble bursts. Investment collapses and real-estate prices fall; businesses and banks go bankrupt; factories and residential buildings are vacated; and employees are laid off. Once prices and wages have fallen, new investors step in with new business ideas and establish new firms. After this “creative destruction,” a new phase of rapid expansion sets in.

In the current crisis, however, monetary policy preempted the creative destruction that could have formed the basis for a new upswing in growth. Asset holders talked central bankers into believing that Schumpeter’s economic cycle could be overcome by large-scale bond purchases financed via the printing press, and by corresponding interest-rate reductions.

To be sure, these measures stopped the fall in asset prices halfway and thus saved much wealth. But they also prevented sufficient numbers of young entrepreneurs and investors from risking a new start. Instead, established firms remained in place, keeping themselves afloat but lacking the wherewithal for new investments. In Japan and Europe, in particular, large numbers of such zombie firms and banks survived, and they are now blocking would-be competitors able to drive the next upswing in growth. The resulting economic ossification looks like the secular stagnation that Hansen described; in fact, the malaise is self-inflicted.

And, because low interest rates have reduced asset managers’ returns, some central banks – and the European Central Bank, in particular – have relied on successive interest-rate cuts in an effort to engineer ersatz value gains for assets. The economy is thus caught in a trap, forcing the ECB to engage in ever more radical monetary-policy measures. Its current program of quantitative easing is meant to double the money supply in a very short period. Further guns are being moved into position, such as successively more negative nominal interest rates or so-called helicopter money.

The only way out of the trap is a hefty dose of creative destruction, which in Europe would have to be accompanied by debt relief and exits from the eurozone, with subsequent currency devaluations. The shock would be painful for the incumbent wealth owners, but, after a rapid decline in the dollar values of asset prices, including land and real estate, new businesses and investment projects would soon have room to grow, and new jobs would be created. The natural return on investment would again be high, meaning that the economy could expand once again at normal interest rates. The sooner this purge is allowed to take place, the milder it will be, and the sooner Europeans and others will be able to breathe easy again.

The Federal Reserve Note "Dollar" Is Indeed Dying, but Not Next Week

Posted: 27 Sep 2016 09:22 PM PDT

Some say the U.S. dollar may die 5 days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF will make the change on October 1. While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world’s primary reserve currency may be profound over time and the importance of this even should not be overlooked, the impact is unlikely to happen overnight.

Shandong Gold said to be top bidder for $2 billion Glencore mine

Posted: 27 Sep 2016 09:06 PM PDT

By Dinesh Nair and Vinicy Chan
Bloomberg News
Tuesday, September 27, 2016

China's Shandong Gold Mining Co. has emerged as the lead bidder for Glencore's gold mine in Kazakhstan, which may fetch about $2 billion in a sale, according to people familiar with the matter.

Shandong Gold, one of China's largest gold producers, outbid other parties, including Silk Road Fund, which had teamed up with state-owned China National Gold Group Corp., the people said, asking not to be identified as the information is private. Glencore is still weighing all options for the asset, including selling future production from the mine for a fixed amount, and may decide to retain it, the people said. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-09-27/shandong-gold-said-to-...



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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-...



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First up: a gold depository in Texas. And then?

Posted: 27 Sep 2016 09:02 PM PDT

By Anna M. Tinsley
Fort Worth Star-Telegram
Tuesday, September 27, 2016

A gold depository in Texas is just the first step.

After work begins on the state's first bullion depository -- and proposals to create it are due by the end of the week -- then officials hope to bring more commodity markets to the state.

"Gold is just the first thing," said state Rep. Giovanni Capriglione, R-Southlake, who asked lawmakers last year to create the depository. "We have been talking to other commodity players, asking if we can create a bigger platform. This is just the beginning of something we are starting."

After a gold depository is up and running, he said, officials should look at cattle, oil, gas, and more.

"We want to say Texas is a place where you can not only buy and sell commodities, but you can receive a shipment of those products as well," Capriglione said. "I see us being able to start turning this into something much more." ...

... For the remainder of the report:

http://www.star-telegram.com/news/politics-government/article104509111.h...



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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



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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:

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Help keep GATA going

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To contribute to GATA, please visit:

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General Market Commentary 9-27-2016 (Video)

Posted: 27 Sep 2016 07:54 PM PDT

By EconMatters


We talk about various markets from Bonds and Gold to Natural Gas and Oil in this video. Something seems to be going on underneath the radar in crude oil, maybe we are starting to experience some tighter markets right here. API had draws across the board tonight in the Oil Market.

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Weekly Metals Report: Easy Money, War Drums And Civil Unrest

Posted: 27 Sep 2016 06:20 PM PDT

by Stephen Penny, FTM Daily:

In a week dominated with headlines of continued easy money from the Federal Reserve, domestic civil unrest and the sound of war drums beating in North Korea, Syria, Ukraine, Russia, and elsewhere; the metals fulfilled theirintended role as a hedge against the madness of our day.

While the metals and miners were up sharply this week,mining stocks (GDX & SIL) remain below a slightly down-sloping 50MA.  The metals still have some nearby overhead resistance levels to clear before I'll become overly confident of a sustained move to the next key resistance areas.

The Federal Reserve met on Wednesday and, as expected, relented on raising rates…again.  Of course, the usual parade of "Fe d-heads" were trotted out on the corporate controlled media to tell us that they are really, really going to raise rates in December.  The market is placing the likelihood of a December hike at 54.2%.  If rate hike expectations are diminished over the coming weeks, that 54.2% represents a lot of money that will be forced to reallocate capital and would provide a strong catalyst to propel the metals and mining stocks upward.

The Bank of Japan (BOJ) also announced changes to its ongoing money-printing experiment. The BOJ had been printing $80 trillion yen per month to buy stocks and government bonds. Going forward, the BOJ will alter its pace of bond buying in order to target a yield of 0% on Japan's 10-year government bond.  The intent is to elicit a steepening yield curve to benefit banks as they profit by borrowing short-term at lower interest and lending long at higher interest.

Meanwhile, geopolitical tensions escalated this week to increasingly dangerous levels in bothSyria and the Korean peninsula.  In a world of unprecedented monetary madness, nuclear armed superpowers engaged in proxy wars to control world energy flows and a general populace primed for increased civil unrest, the wisdom of owning physical gold and silver has never been more timely.

Read More @ FTMdaily.com

The Federal Reserve Note “Dollar” Is Indeed Dying, but Not Next Week

Posted: 27 Sep 2016 05:40 PM PDT

by Clint Siegner, Money Metals:

Some say the U.S. dollar may die 5 days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF will make the change on October 1. While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world's primary reserve currency may be profound over time and the importance of this even should not be overlooked, the impact is unlikely to happen overnight.

The composition of the SDR may change on October 1, but few people understand what the SDR is. Even fewer actually have any experience trading it. For the many who wonder what an SDR is, here is a brief description from the IMF;

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies. The value of the SDR is currently based on a basket of four major currencies: the U.S. dollar, euro, the Japanese yen, and pound sterling. The basket will be expanded to include the Chinese renminbi (RMB) as the fifth currency, effective October 1, 2016.

The IMF actually decided to make October 1st's changes to the SDR one year ago. Some expected that decision would represent the death knell for the dollar. But when the announcement came, the currency markets hardly noticed.

Mass psychology – or relative confidence – is what ultimately determines whether or not a dollar holds value. Not much will happen October 1st if not many people care.

Mass psychology – or relative confidence – is what ultimately determines whether or not a dollar holds value. Not much will happen October 1st if not many people care.

There have been many other threats to the confidence that underpins the dollar. Among them were straight-forward and widely publicized assaults; trillion dollar federal deficits, metastasizing debt and an explosion in the supply of U.S. dollars. If years of Quantitative Easing – the Fed's program to gin up trillions in new dollars with which to buy Treasury Bonds and garbage mortgage securities – didn't torpedo confidence, a far more obscure institution like the IMF may not do it either when it changes the composition of their arcane supranational currency.

That said, October 1st could mark an important waypoint on the long road to oblivion for the U.S. dollar. The Chinese have been openly advocating for SDRs to replace the dollar as world reserves, and this event is an important step down that road.

In 2009 Zhou Xiaochuan, governor of China's central bank, called for the creation of "an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.” There are many nations who consider the reign of "king dollar" tyrannical.

The IMF has big plans for the SDR. There will soon be an offering of SDR denominated bonds. IMF officials hope to see large and liquid foreign exchange and bond markets modeled after those where dollars and Treasuries are traded. If they succeed, it is easy to imagine developments such as oil exporters demanding payment in SDRs and central banks swapping their vast reserves of Federal Reserve Note. In other words, the IMF intends for the SDR to replace the Federal Reserve Note as the world's reserve currency.

However, that outcome is by no means certain. The SDR is nothing more than a basket full of flawed fiat currencies. Like the Federal Reserve Note, the others are backed by the full faith and credit of irresponsible governments who would be insolvent but for their printing presses. This includes China's renminbi.

We fully expect the U.S. dollar will be dethroned one day, and the SDR may be part of that transition. But nothing will solve these growing problems until gold and silver are restored to broad use as money. The world needs honest money, not a basket of paper.

Read More @ MoneyMetals.com

EMERGENCY: MICHAEL SAVAGE PULLED OFF 400 STATIONS FOR TALKING ABOUT HILLARY'S HEALTH

Posted: 27 Sep 2016 05:00 PM PDT

Savage Pulled Nationwide: The War On Free Speech Has Begun The death of the first amendment may be here as Michael Savage was pulled off the air during his broadcast where he questioned Hillary's health. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

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Gold Price Closed at $1325.90 Down $13.80 or -1.03%

Posted: 27 Sep 2016 04:39 PM PDT

27-Sep-16PriceChange% Change
Gold Price, $/oz1,325.90-13.80-1.03%
Silver Price, $/oz19.09-0.43-2.20%
Gold/Silver Ratio69.4660.8201.19%
Silver/Gold Ratio0.0144-0.0002-1.18%
Platinum Price1,024.80-17.70-1.70%
Palladium Price700.154.100.59%
S&P 5002,159.9313.830.64%
Dow18,228.30133.470.74%
Dow in GOLD $s284.194.991.79%
Dow in GOLD oz13.750.241.79%
Dow in SILVER oz955.0127.833.00%
US Dollar Index95.310.100.11%
IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure
the-moneychanger.com retail selling price, multiply the "ask" price by 1.035. To figure our retail buying price, multiple the "bid" price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
SPOT GOLD:1,326.20   
GOLDFine Tr.Oz.BIDASK$/oz
American Eagle1.001,359.361,370.631,370.63
1/2 AE0.50675.85699.571,399.14
1/4 AE0.25341.24356.421,425.67
1/10 AE0.10139.15145.221,452.19
Aust. 100 corona0.981,289.541,298.541,324.77
British sovereign0.24314.53327.531,391.37
French 20 franc0.19245.13249.131,334.36
Krugerrand1.001,335.481,345.481,345.48
Maple Leaf1.001,336.201,350.201,350.20
1/2 Maple Leaf0.50762.57696.261,392.51
1/4 Maple Leaf0.25338.18354.761,419.03
1/10 Maple Leaf0.10140.58144.561,445.56
Mexican 50 peso1.211,584.481,595.481,323.28
.9999 bar1.001,330.841,338.201,338.20
SPOT SILVER:19.14   
SILVERFine Tr.Oz.BIDASK$/oz
VG+ Morgan $B4 19050.7725.0027.0035.29
VG+ Peace dollar0.7720.0022.0028.76
90% silver coin bags0.7213,649.3513,935.3519.49
US 40% silver 1/2s0.305,454.555,604.5519.00
100 oz .999 bar100.001,894.001,929.0019.29
10 oz .999 bar10.00192.90197.9019.79
1 oz .999 round1.0018.9419.4419.44
Am Eagle, 200 oz Min1.0020.6422.1422.14
SPOT PLATINUM:1,024.80   
PLATINUMFine Tr.Oz.BIDASK$/oz
Plat. Platypus1.001,039.801,069.801,069.80
FREE!: Get Franklin Sanders Daily Gold Price Reports and Market Commentaries:



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CNN Caught Rigging Polls For Hillary Clinton

Posted: 27 Sep 2016 04:30 PM PDT

 The dinosaur media is desperately trying to prop up the failing Hillary Clinton campaign by any means necessary. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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GAME OVER... World Financial Collapse has STARTED! - Bo Polny

Posted: 27 Sep 2016 04:00 PM PDT

 'When the Lamb broke the third seal, I heard the third living being say, "Come!" I looked up and saw a black horse, and its rider was holding a pair of scales in his hand. And I heard a voice from among the four living beings say, "A loaf of wheat bread or three loaves of barley will cost a...

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What Happens When You Die?

Posted: 27 Sep 2016 03:38 PM PDT

What Happens When You Die? 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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Anonymous - Message to the United States Government 2016

Posted: 27 Sep 2016 03:30 PM PDT

 Message to the United States GovernmentWe are Anonymous.We are Legion.We do not forgive.We do not forget.Expect us. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Who Won?

Posted: 27 Sep 2016 02:36 PM PDT

This post Who Won? appeared first on Daily Reckoning.

Finally… at long last… The Donald and Herself came to blows in televised debate.

Up to 80 million Americans looked on last night. Some in horror. Others in delight. Still others in dumbstruck wonder, as one eyes a Dali.

Who won? Depends on who you ask.

A Drudge Report poll says Trump by knockout. A thumping 82% of respondents said he won. But CNN — its viewers flocked in a different section of the arena — gave Clinton an easy decision on points, 62% to 27%.

A CNBC poll, surprisingly, said Trump won in a rout, 65% to 35%. A Time poll gave Trump a split decision, 55% to 45%. Interesting.

(Who do you think won? Tell us here: dr@dailyreckoning.com.)

The markets conducted their own post-debate poll. And devil-you-know Hillary's their man: "If global investors are to be believed," says Reuters, "Hillary Clinton is a step closer to the White House."

Stock futures rallied after the debate, teeing up a ripsnorting day on Wall Street. The Dow's up 131 points at writing. The S&P's up 13, the Nasdaq up 38. Crude's down a buck. And gold — the weather vane of uncertainty — is down a full 14 bucks today. Decision Hillary.

The Mexican peso also surged 1.5% against the dollar today. Many consider the peso a market referendum on Trump. "Anyone who had wondered what had caused [peso] weakness over the past few weeks received a clear answer last night," bleats Esther Reichelt, of Commerzbank. The clear answer being a Hillary presidency.

But is the answer really so clear? Not according to Citigroup's Harvinder Sian:

“The first U.S. presidential debate has seen no knock-out performance from either candidate… The debate itself broke little new ground and is unlikely to be seen as a turning point in the election no matter the final outcome.”

Adds Société Générale SA global strategist, with the unimprovable name of Kit Juckes:

“The press verdict on the first U.S. presidential debate is that Hillary Clinton 'won,' but Donald Trump didn't lose badly enough to really reduce the uncertainty."

It's six more weeks — and two more debates — until E-Day, Nov. 8. An eternity in election years. Carter had an iron 47% to 39% lead over Reagan shortly before the 1980 election, for example. He lost a week later. What changed?

In the Reagan-Carter debate just one week before the election, Reagan beat Carter hollow. And that late victory carried him through. (Our own David Stockman played Carter in mock debates to get Reagan tuned up.)

Point being it's early. And then there's an election-changing "October surprise" hanging in the air…

Jim Rickards: "There's always the possibility of an "October surprise" in the U.S. presidential campaign. We've seen those before. Since this campaign year has been more unpredictable than most, we can be fairly sure we'll see an October surprise this time."

David Stockman agrees with Rickards: "The market has overwhelmingly priced in a Clinton victory, if not landslide. If there is dramatic election-moving disclosures or disclosures that change that perspective, it will impact the market in a very large way."

WikiLeaks is out there, lurking. They could have an ace card up their sleeve, waiting for the right moment. "Mischief, thou art afoot"…

And the next two debates could turn up something. So the next several weeks could be, in a word, volatile. Stay tuned.

But whoever wins the election, he/she might end up demanding a recount. Analyst Peter Boockvar says pity on him/her for the mess that likely awaits him/her:

"As we are in the second-longest bull market of all time and as we approach the eighth year of this economic expansion, odds are high that whoever the next president is they will preside over a recession, a bear market and rising debts and deficits.”

They say a president ages rapidly in office. If Boockvar's prediction is right, the next one could age 36 years in four or less. Hillary's 68. Trump's 70.

Still want the job, candidates?

Regards,

Brian Maher
Managing editor, The Daily Reckoning

Ed. Note: The most entertaining and informative 15-minute read of your day. That describes the free daily email edition of The Daily Reckoning. It breaks down the complex worlds of finance, politics and culture to bring you cutting-edge analysis of the day's most important events. In a way you're sure to find entertaining… even risqué at times. Click here now to sign up for FREE.

The post Who Won? appeared first on Daily Reckoning.

Dollar Collapse Starts Sept 30? Gold Bull Will Rage | David Morgan

Posted: 27 Sep 2016 02:30 PM PDT

 With major analysts predicting a convulsive impact to the US Dollar this fall, driven by a global rush into the new SDR basket of currencies once it becomes turbo-charged with the Chinese Yuan and gold, how will Gold and Silver react, and what can you do NOW even beyond holding gold &...

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Donald Trump and the Rise of “People Power”

Posted: 27 Sep 2016 02:27 PM PDT

This post Donald Trump and the Rise of "People Power" appeared first on Daily Reckoning.

Last night we saw a red, white and blue living-color freak show.

Did last night's circus resolve anything? Is the best our democracy can do? And more importantly, is Establishment politics dying?

Whatever you think of Donald Trump, his candidacy is one big middle finger to the Establishment. It's part of the worldwide rise of "People Power."

The People Power trend, while at a ripe old age in nations such as Switzerland — one of the wealthiest, most democratic countries in the world where its people vote on issues that affect their lives and livelihoods, and not political parties — is now growing globally.

Direct Democracy, anathema in America, the Land of the Free where the two-party Congressional Gang of 535 runs and rules the lives of 320 million citizens, found new life in Mother England when the people voted to put their future in their own hands.

In a stunning upset to the status quo, on June 23, by a 52 to 48 percent majority, United Kingdom  citizens voted to leave the European Union, despite pressure from world leaders and higher financial authorities telling them to remain.

From President Obama to Japanese Premier Shinzo Abe, from International Monetary Fund Managing Director Christine Lagarde to Wall Street's biggest and boldest… dire warnings of end-of-world consequences were issued if the public voted to leave the holy altar of the almighty, infallible European Union.

Beyond the UK's Brexit, there is widespread disgust with the entrenched ruling parties that have been running most European nations since the end of World War II and the centralized control from a supranational Brussels bureaucracy.

Among the key elements that the "Leave" campaign tapped into is the anti-establishment current spreading throughout Europe.

For example, in a paper co-authored by Will Jennings, a professor of politics at the University of Southampton, wrote, "Citizens now describe their 'hatred' for politicians who made them 'angry', 'incensed', 'outraged', disgusted' and sickened."

He said the words used to describe politicians are arrogant, boorish, corrupt, creepy, devious, loathsome, lying, parasitical, pompous, shameful, sleazy, slippery, spineless, traitorous weak and wet. (FT, 16 June 2016).

Thus, the People Power trend — fueled in Europe by the growing contempt for the ruling elite, the loss of power of national governments to centralized powers, high unemployment, falling wages and a declining standard of living blamed on globalization — is fueling Direct Democracy movements across the continent.

Immediately following the Brexit vote, several populist European parties pledged to launch referendums to "leave or remain" in the 28-member EU bloc. Politician Geert Wilders, leader of the Dutch Party for Freedom, called the Brexit vote "historic" and said, "Now it's our turn. I think the Dutch people must now be given the chance to have their say in a referendum."

And, with polls showing that more than 40% of Brexit supporters cited immigration as the most important factor in deciding how to vote — blaming cheap migrant labor for the loss of jobs and human waves of refugees and migrants for a loss of national identity — "keep them out" anti-immigration movements will intensify throughout western nations.

For example, on October 2, Hungary will hold a referendum to reject European Union quotas demanding they accept refugees.

While the current take-back-their-country referendum movements spreading across Europe are anti-Brussels super-state rule from bureaucratic overlords and disenchantment with career politicians, financial elites and an entrenched establishment, the Direct Democracy trend that will spread throughout advanced nations is bigger than Brexit.

Appropriately administered by putting We the People in charge of our destiny, rather than obeying self-serving politicians and bloated bureaucrats that enrich the few at the expense of the many, Direct Democracy provides a blueprint for the revolutionary advancement of society.

Non-violent, intellectually and philosophically sound, emotionally empowering and potentially unstoppable, "In due time, the voice of the people will be heard and their latent wisdom will prevail," Thomas Jefferson wrote.

However, as illustrated by my dear friend, Thomas Naylor, may his soul rest in peace, depending on the size and composition of nations, there are formidable challenges that must be addressed. In assessing the pros and cons of Direct Democracy in the United States, in part he wrote:

Switzerland is a tiny, well-educated, hard-working country with a strong sense of community. The United States is not Switzerland.

For starters, retrofitting the U.S. Constitution and legal system to accommodate Direct Democracy would require the expertise of a plethora of constitutional scholars and legal experts. For those legal scholars and political scientists up to the challenge of designing such a complex system, courage and dedication will be required.

A process would also have to be developed to bring important issues to the table for consideration by a nationwide referendum. And then there is the matter of the computer network and software required to make Internet voting work. Although introducing Direct Democracy into the United States sounds like a very good idea, it would involve a number of conceptual, legal, constitutional, economic, technical and political challenges. Such a move would require bold, creative leadership combined with world-class marketing skills.

But the alternative is a nation whose government has lost its moral authority and is tightly controlled by a self-serving military/industrial/congressional complex accountable only to itself — a nation that has become unsustainable economically, militarily, socially, environmentally and politically. The United States is so large that it may no longer be governable and has possibly become unfixable.

If there is a way out of our nation's death spiral, Direct Democracy just might be one of our last remaining viable options. We could do a lot worse than emulate the Swiss.

Naylor founded the Second Vermont Republic and was professor emeritus of economics at Duke University. Naylor co-authored Affluenza, Downsizing the USA and The Search for Meaning.

Naylor's points are valid. There will be legal hurdles to jump and political obstacles erected that must be overcome. It will take passion and persistence to push the movement forward.

One path of progress in establishing a Direct Democracy is to redesign current antiquated systems with modernized 21st-century online voting. While opponents of Direct Democracy will contend that online voting can be subject to hacking and fraud, it can be far less susceptible than the current stuffing of ballot boxes or rigging of voting machines.

In fact, voting online, with full transparency, would prove more secure than any polling place run by party operatives. Indeed, we bank online and buy online; surely we can vote online!

With fast-accelerating advancements in technology, from artificial intelligence to virtual reality, the only obstacles to online voting are the people's will to make it happen vs. the politicians and special interests benefiting from the current corrupt system.

Indeed, the so-called representative democracy form of government we adhere to in the West is a hoax… a cruel sham, a bone thrown to the proles following the overthrow of the aristocracies of the 18th, 19th and 20th centuries that gulled the public into believing members of political parties represent their interests… while, as abundantly evidenced with spreading populist movements and the Brexit vote, a vast majority recognize that the current political systems serve special interests, not public interests.

Realistically, can Direct Democracy and online voting become reality? "It does not take a majority to prevail… but rather an irate, tireless minority, keen of setting brushfires of freedom in the minds of men," said Samuel Adams. Never in modern history have the trend lines for People Power — the freedom of a collective society to shape its destiny rather than living under the dictates of political gangs — been clearer.

As proven by Brexit, (agree or disagree with the vote), the "brushfires of freedom" were not set by "an irate tireless minority," but rather an irate anti-establishment, anti-status quo, anti-elite, anti-centralized power, anti-globalization MAJORITY.

And win or lose, and for all his faults, Donald Trump represents the awakening of American "People Power."

Regards,

Gerald Celente
for The Daily Reckoning

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The post Donald Trump and the Rise of "People Power" appeared first on Daily Reckoning.

Nigel Farage on the presidential debate fallout

Posted: 27 Sep 2016 02:00 PM PDT

 Former U.K. Independence Party Leader Nigel Farage reacts to the first presidential debate between Clinton and Trump. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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Sharia for Dummies

Posted: 27 Sep 2016 01:30 PM PDT

Excellently well made video with relevant facts and straight forward presentation. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Gold Daily and Silver Weekly Charts - A Quiet Option Expiration - Coiling

Posted: 27 Sep 2016 01:20 PM PDT

'Debt binge' will implode world financial system, Embry says

Posted: 27 Sep 2016 12:11 PM PDT

3:12p ET Tuesday, September 27, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the implosion of the world financial system is approaching because of the "epic debt binge" of the last 30 years and market manipulation won't forestall it forever. Embry's interview is excerpted at KWN here:

http://kingworldnews.com/john-embry-warns-global-implosion-edges-closer/

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:

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:

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Help keep GATA going

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

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To contribute to GATA, please visit:

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Only Days Until World Money Changes Forever

Posted: 27 Sep 2016 11:52 AM PDT

This post Only Days Until World Money Changes Forever appeared first on Daily Reckoning.

The International Monetary Fund (IMF) has established a plan for its special drawing rights (SDR) valuation basket to be revised at midnight on September 30. This IMF plan has laid the foundations for a new monetary standard based on world money.

While these SDR plans might seem complex, they're actually not complicated. People will make it complicated or make it sound confusing but the Federal Reserve has a printing press, they can print dollars. The IMF also has a printing press and can print SDRs. It's just world money that could be handed out and could be used to cause inflation.

I am often asked, "What's an SDR? If I had 100 SDRs how many dollars would that be worth? How many euros would that be worth?"

There's a formula for determining that, and as of today there are 4 currencies in the formula: dollars, sterling, yen, and euros. Those are the 4 currencies that comprise in the SDR calculation. As of the close of business on September 30th, or in effect when we wake up October 1st, there's going to be a fifth currency added, which is the Chinese yuan.

The Chinese yuan does not meet the typical SDR criteria, so it would not normally qualify. However, this is a political decision by the IMF attempting to get China on the bus. In the 1960s we had an expression, "you're either on the bus or off the bus," and right now China's off the bus but as of September 30th they're going to be "on the bus." They're going to be part of the SDR.

Does that mean the dollar becomes worthless overnight? Of course not. You're going to wake up October 1st, you'll still have dollars in your pocket, you'll still get paid in dollars, those will be worth something, but it will be a very significant turning point.

We will look back on that date a few years from now we'll look back on September 30th, 2016 and reflect, "That was the day the dollar began its demise." Officially that's when the Chinese yuan was put into the SDR and the SDR gained the backing it needs from the emerging markets, from China and from the BRICS, to become the new world money.

It is definitely possible to see that coming. It will play out in stages. It doesn't happen overnight, but it is one of those turning points. There are a lot of way to get ready for this, but don't wait until it happens when the whole world says, "too bad about the dollar."

This will be a key turning point. It's one of those days when it should prompt people, really starting now, but certainly not later than September 30th, to act.

Here's the point. The SDR world money, as I mentioned, is a "basket." Today there's 4 parts of the basket. In the future there will be 5 parts. The one that has been designed, the synthetic SDR, has the 5 parts because we know China's coming in, we even know what their percentage is going to be.

What the SDR does is it takes you out of the currency wars. A lot of people are getting whipped around, with volatility for which they're not getting paid. They're having occasional large losses based on the currency wars.

The currency wars are not going away. Because you've got all 5 major currencies, it neutralizes the currency war activity and gives you a plan going forward.

Regards,

Jim Rickards
for The Daily Reckoning

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The post Only Days Until World Money Changes Forever appeared first on Daily Reckoning.

Randgold chief sees gold supply problem

Posted: 27 Sep 2016 11:50 AM PDT

By Dineo Faku
The Independent, Cape Town, South Africa
Tuesday, September 27, 2016

JOHANNESBURG, South Africa -- Mark Bristow, South African-born founder and chief executive of Randgold Resources, foresees a looming supply problem in the gold industry, saying that there was not enough exploration to replace gold that was being produced.

Speaking to journalists in Johannesburg yesterday, Bristow said gold miners had to put effort into finding more quality ounces.

"To keep the gold industry supplied we need to discover 90 million ounces a year." Bristow said. "We are discovering only 10 million to 15 million ounces a year. We either have to discover more quality ounces or reduce the life of mines." ...

... For the remainder of the report:

http://www.iol.co.za/business/companies/randgold-chief-sees-gold-supply-...



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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...



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

The Biggest Monetary Transformation Since WWII

Posted: 27 Sep 2016 11:50 AM PDT

  Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it's set up so most people don't even try to understand it. In Mike's videos, he ...

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How Dangerous is Germany?

Posted: 27 Sep 2016 11:06 AM PDT

 As a major economic power in Europe, Germany undoubtedly holds a great deal of influence over other nations. But could it actually be dangerous? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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Gold: Debates, Inflation, And Option Expiry

Posted: 27 Sep 2016 10:02 AM PDT

Graceland Update

Eurozone risks collapse into prosperous north and stagnant south, warns Varoufakis

Posted: 27 Sep 2016 09:38 AM PDT

This posting includes an audio/video/photo media file: Download Now

Charting the Continuing Gold Market Correction

Posted: 27 Sep 2016 08:49 AM PDT

Technical analyst Jack Chan plots the continuing correction in the gold and silver markets.

Vladimir Zhirinovsky : Ukrainians Are Shameless Beggars

Posted: 27 Sep 2016 08:39 AM PDT

Ukrainians Are Shameless Beggars - Russian Politician Zhirinovsky Vladimir Volfovich Zhirinovsky is a Russian politician and leader of the Liberal Democratic Party of Russia. Wikipedia The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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The Zika virus continues to spread around the world Here’s where it has been found so far

Posted: 27 Sep 2016 08:21 AM PDT

The Zika virus continues to spread around the world Here's where it has been found so far 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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Judge Napolitano ~ What Does The FBI Have To Hide?

Posted: 27 Sep 2016 05:32 AM PDT

Napolitano: What is the FBI hiding? Judge Napolitano's Chambers: Judge Andrew Napolitano explains how the FBI tricked senators from discussing files pertinent to Hillary Clinton's email scandal The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

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America Hangs By A Thread -- Jay Weidner

Posted: 27 Sep 2016 04:16 AM PDT

Jeff Rense & Jay Weidner - America Hangs By A Thread Clip from September 14, 2016 - guest Jay Weidner on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers...

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TriStar Gold, Another Wits-Lookalike in Brazil

Posted: 27 Sep 2016 01:00 AM PDT

Bob Moriarty of 321 Gold delves into the origins of gold to try to understand TriStar Gold's Witwatersrand-type deposit in Brazil.

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